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<br /> � � substanually equivalent mortgage insurance coverage is aot a��ailxble. Borru�rer.hall p:,� tu LrnS�r�a:h munth a.um eyu�l to ;.
<br /> � one-twelfth uf the yearl}' mortgage insurance p�remium being paid by Borrower�vhen th�inwcutce�����erege I;�p�cxi��r�t:uc�el to ' t-' , << .
<br /> �� be in effrct. Lxnder will accept.use attd ee'�ain these paymen�.as a loss retien e in liru uf murtgage imursnce. La., re.rrve �_` ��:�; •
<br /> __^"�,__�' payment.mx} nu longer 6e reqnircd•at the option of Lender.+f martgnge�murance c���cn�e�in thc:►n:«unt and ti�r the peri��d ��� �
<br /> �4 '•` - that Lender rcx�uir�.+!provided b} an insurer appnsve�by I.end�r again bctiume-ti acailahle and u ubtainctii. Burru�«r.frsll pa} ��
<br /> _ .�. .�_< i. .�,� _„ �
<br /> � -�- � - thc prrnsiutn,required to maintain nu�rtgage in�uranre+n effect.ur to provide 3 lu,.resene.until the nyuirarnrnt ti�r mortg:►ge(� •:
<br /> �'�-_ insurance end�in accordartce«�ith uny written agreement betµeen Borro�tier and t.�n�tec��r appli��abl�la�i•. � <�.`.;.� j
<br /> ",� ' • 9. [nspection. Lender or its agent may� make r�+sonable entries upon:snd inspectivns of the Pruperty. LenJer.hall �ive . � ,� .<< ,�. ,.�,
<br /> � t � •.4 Borrauer notice at th2 time of or prior to an inspection spea:ifyeng rc�+onable c:ause for the in.pectiot al in cunnr�tion uith any� °`��•�'-;�, ��,
<br /> ' � 10. Condemnutton. The proceeds of an) a�card or clatm tor damage�, dircct ur�onsequen i . �! �
<br /> � � rnndemnacion ar olher taking of any part of the Propert}. .�r for amveyance in lieu of wndemnation. arr hrr�h� a�+�gneai and � ,
<br /> � ' shalt be paid to L.ender. : , -
<br /> In thr event of a total taking of the Property�.the procc�lti,hatl bc applic�tn the�unu�erureJ hy thi,Secu��ty In�trumcnt.� ..� �_ :'..,..
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<br /> ;.,.,.;;��--%; wh�ther or not then due. with any� excc.�s p,ud to Burmw�er. In the r�ent uf a panial t:il:ing uf thr Propert}� in which thr Gtir � + •4
<br /> � •t� ' market value of the Property immediately before the takinc i,��ual tu ur gn.iter than the amount of thc�um. ucure.i by thi,� � '�,� �
<br /> - •-�_ ' %-•'- Security iruirunient immediakty before tha taking.unless Borrow�rr and Lender utherwi+e agree in�tinting,thr.um.,erurc�i by __ ; _
<br /> this Security Instrument shall be reduced by the amourt uf the p:�nrcY1. multiplied b} the folluwing tra��ttun: iaJ the tutat ;
<br /> ` ` � amount of the sums secured immediately before the tal:ing.�iivideJ by tbi the fair m:uket catue uf the Pn�pem� imruediately r4Y ,� ` , ,,
<br /> beforr the taking. Any balance �hall hr paid to Borronec In the ecem of a partial t:sl:ing of the Pmpeny in w•hirh the fair _ _ , r:�
<br /> - � market value of the Pmperty�immediately heti�re the t:ilcing i.le�,thxn the amount of thr+um��e�:urnl immeJiately hefore the ��'`.
<br /> � . taking. unless Borrow•er and Lencier n[hen+i,e :►gree in u�riting or un less app li c a b le law u t henv itic p rnvidet.the proceeds tihall .. .
<br /> - ' � ` be applied to the sum.+secuced by thi�Security Inswment whether ur not the sucn+arr then due. ,
<br /> ', , `' If the Property is abandoneJ hy Borrower,or if, aRer notice by Lender to Borcower that the condemnor offers to make an
<br /> � • '" award ur �ettle a claim for damage�. Bormwer fails to r�pand to Lender within 30 days after the date the notice is given. �. ; . :,- '�-
<br /> •- � ` Lender is authorized to collei.�t and apply the proceeds,at its option,either[o restaiation ur repair of the Property ur to the sumc ��q�, ., ",,•�,_t�.
<br />_� ' .• . •:;:; secured by this Security Instrument.whether ur not then due. �i�tion of roceeds ro rinci al shall not ezeend or �='"�•
<br /> ' �`` ` �' ' ••� Unless i.ender and Borrower othenvise agree in writing. any app P P P • _
<br /> E�;�.'`t;� postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or chxnge the amount oi'such payments.
<br /> �:-.s , t 1.Borrower Not Reteased;Forbearance By Ler►der Plot a Waiver. Extension of the time for payment or modificatian ��
<br /> � of amorti�ation of the sum�secured by[his Securiry Instrument granted by Lender[o any succes�ar in interest af Borraaer shall ,,.,,�-_
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<br /> nat operate to release the liability of the ariginal Borrower or Bormwer',successon in interest. Lendec shall not be r uired to
<br /> � � • ` ' commence procceding�against any succ�sar in interest i�r refuse w extend time fur payment or otherwise modify amonication ::1:..,:, _
<br /> ' � ,~ � of the �ums secured by this Szcurity Iamument by rason of any demand made by the origin�l Borcawer or Borrower s _ �_�
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<br /> . . successors in intere5t. Any forbzarane� by Lender in exercisin�any rigta or remedy shall nat be a waiver of or preclude the _
<br /> - � � �` exercise of any right or remedy. � �"�
<br /> Co-si ners. The covcnant+ and r�emen�s of this �'"'-
<br /> � 12. Successors and Assig,nc Boand;Joint and Several Liability; g � ' � �r".`.:<:,�_:
<br />• � � � Security Instrument shall bind and benefit the succes�ors and assigns of Lender an d B a rrowcr. subjext to the provisions af _ , �; .
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<br /> � " '' '"' paragraph 17. Barrower's covenants and agreementti shall be joint and several. Any Borrower who casignti this Serunn� .;�-�.:
<br /> ' � Instrument but does not execute the Note: (a) i�co-signing this Scxurity fnsm�ment only to mortgage, grant :uid convey that • �
<br /> ; '. .� � �. -� Borrower'ti interc+t in the Property under the terms of this Securiry Instrument;lb)is not persanally obligated to pay the Sums • .��,:.
<br /> . secured by thiy Security Ins[rument:and(c)ugrees that Lender and any ather Borrower may agree ta extend,modify,forhear or ��;�,�„�.
<br /> � make any accommodatianc with regard to the terms of this Security Iatitrument or the Note without that Borrower s contient. �• .:;;;�°,�
<br /> ' ' �' i;�% 13,I,oacc C6arges. If the loan,ecured by this Security Instrument is subject to a law which sus maximum loan charges. �1�`."=`_'
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<br /> - �� � `�•�"' and that law is Gnally interpreted so[hac the inlerr+t o► uFhei :aa�chacges collect..°�^�*^�rn»Prrrd in connectian with the ___
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<br /> �,:�;. . loan exceed the permitted limtts.then: (a)any such loan charge+hall be reduced by the amount nec�sary to reduce the charge a L ,� _
<br /> . . .'., .; to the pemutted limit:and(b�any sums already coUeca:+i from Bnrrower which exc.eeded permitted limits w•ill be refunded to r�
<br /> -f- ' Borrower. I.ender may choose [o make this refund by rulucing the principal awed.under the Noie or by making a dire�x .� }. •�_,�.,z.
<br /> payment to B�rrower. If a refund reduces principal. the reduction w�l1 be tr�teJ ati a partial preQ�ayment without any :�
<br /> � :..� prepayment charge under the Note. - �` '
<br /> '�''����:; 14.Nattces.Any notice m Bonowcr provided fbr in this Security Instrument shall be given by delivering it ar by mailing F ,
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<br /> . it by fint class mail untess applir.►ble lau•require�use of another method. The notice,hall be directed to the Properry Address • -.:�:.--
<br /> � ' " �s or any other address Borrow•er dcsignates by noticc to l.ender. Any notice to Lender shaU be given by first cla�s mail to .},�. '•`, '�,`,,_.
<br /> • ' L.ender's address stated herein or any other addreyy l.ender deyignates by notice�o Borrower. Any notica provided for in this � . '.,�,_
<br /> � � Security Instrument shall be deemed ta have been given ta Borrower or Lender when given ati provided in this paragraph. �
<br /> � • 15.Governin�; I.aw; Severability. This Secunty Instrument tihall bc govemed by federal law and the law of the , .^��
<br /> � ' •; jurisdiction in which the Property i.located. In the event that any provision ar clause of this Security Instrument ar the Note . 4,�
<br /> �' � •- ccmilicts with applic�able law.such canflict shall n�t affect other provtsiom of this Security lnstrument or the Note which can be . �_
<br /> � S � � given effect without the conflicting provi5ion.To thi.r end the pmvisions�f this 5ecurity Instrument and the Note are declared , ,:,.
<br /> "' • to be sevcrable. ` M
<br /> 16.Borrower's Copy.B��rrower shall be given��ne canformed copy of the�ote and of this Security Instrument. '�".
<br /> 17.Transeer oP the Property or a Beneficial Inte�rst In Borro�rer. If all or any part of[he Property or any interest in it •
<br /> " i�+old or tramterrcd lor if a benefic�al interest in Borrowcr i�sold or iransferred and Bormwer is not a natural person)without . .
<br /> � _ ���:., Lender'ti prior written ccr�ent. I.ender may. at itti aptian. rcyuire immediate payment in full of a11 tiums secura! by this , • :
<br /> ' ' . Security Mstrument Ho��eLCr, this option+hall not be exercis�l by Lender if exerc:<:is prohibiteJ by federal law as af the date
<br /> of this Secnriry Imtrument. • • :
<br /> � If Lcnder excrcises this optian, l.ender�hall give Borruwer notice uf uccrleration.The notice shal!provide a periud of nat .:
<br /> • . Ie..than 30 day� from the date the n��tice i,detivered nr mailed within which Borrower must pay all sums secure�l by this
<br /> , •- Se•,�urity InNrumcnt. If Banower fails tu pay thcsc wmti priur a�the expiration of this period. Lender may im��kc any remedie�
<br /> . . permiueJ by lhis Security ln�trument withuut furlher nmice ar demxnJ on Borrower. •'F'�.
<br /> • IS. Botru�ver's Ri�ht to Reinvtate. 1� Burrower mcets rcrtain conditioati. Botrowcr �hall h�ve thc right to have
<br /> � enfurcement ��f this Security Instrumenl di�cuntinued at any time prior to 1he rarlier of: ta)5 Jay� (or.uch ��lher periaJ as
<br /> applirable law may specify i'or reinrtatemenl►hefore yale of the Pmperiy pur�uani ti� any powcr uf wle containcd in thi+ .
<br /> ' Security lntitrument:ur(b)eniry of a judgment enti►rcm�;thi.Srcurity Imtrumcut.Th�nr conditiuu.ar�that &�rruwer. (a)pay. .
<br /> I.Ander aU ,ums which then would be due under tiii�5ecuriry Imtrumem and the Note as if no acceleratian had occurced:�b)
<br /> cure� any defauh of any othet euvenant��fr agreement�: Irr payy all expen:e� incurreei in enforeing this Seeurity lnrtrument. •
<br /> . including. but not IimitcJ ti�. rcationahlc attumcyti' f�c.: and ld)takc.+uch acti��n a. l.cndcr m�y rw+onably rcquirc to a�surc
<br /> � that the licn u(thi,Security In�trumem. Lcnder'+ rightti in the Vn�pcny antl Borcuwer'�ohligatiun to pay the tium,secured by :
<br /> � ' thi. Security In�trument shall cunti��ue unchanged. Upim reimlatemcnt by Buttower, this Sccur�ty Instrument und the i: �
<br /> • obligatiunti.ccurul hcrcby�ha0 rcmain fully cffcrti�c a�if nr+acccicr�tiun had��ccurrrd. Howcvcr, thi,right tu reinstate shall
<br /> - . nut apply in thc casr nf acccicration utidcr paragr:+ph 17. _
<br /> �q, Sa�e of ?Vote: Change of l.�mn ticrvicer.Thc Nut� or a partial inter�wt in the Note 1tu�:ethcr with thi� 5ecurity „ .
<br /> • ]n.trumcnu m:+y he sold one ur mun timcti withuut prior nutire to l3urruwur. A�xlc may re�ult in a change in the cntity lknawn • .
<br /> �� � ' ati thc"la,an Scrviccr")that collcct�mi>mhly p:�ymrnts duc undcr thc Nutc ar�d tliiti Sccurity In�trumcnt-Them ako may bc onc .
<br /> , . � • „r morc changc�uf thr Luan 5rn iccr unr.l:itrd tn a wdr nf thc Nutc. (f thcrc ir a changr of thc laian Srrciccr. Born�wcr will bc •
<br /> • �� � �iLCn uritteo notice��f the rhangr in ciccurdanre w•�th p.�ragraph I�3 ah„ve anJ applicahle la�v."I'he n��tice�vil) �uae the name and
<br /> � uddre����f ihe new laian Scrvtcer and Ihc addre++ t+�wl�icit paymm�t.�hi�uld he made. The n�Uice will al.��contain any uther
<br /> � inf�+rmauun rcyuirrd by applicahlc luµ. . .
<br /> 20. Nui.�rdouti 5ubstances. $i,rnncrr �hall nnt cau�c �,r prrmit the prr�ence. u�c. di,putial. .turage. ur rrlcatie uf any
<br /> • Haiardou. Suh.tanrc� un ur in �he Pn,prn�- flurrnwcr ,h�ll nut do. n„r :dl„u any„nc rl�e to du. anything at7ecting �hc :
<br /> � . . � pruprrt} that �� in�i�,launn „f any l:mir„nmrntal law�. Thr picceJui� tau�cnlCncC�+hall nut apply In the prc�ctue. ux. or . .
<br /> � .tora�c�,n Ilsc Pn,pert} ut .m:dl yuantmr. ��I Hai.uJ�•u,tiuh.tancc.�h:u arc rcnrt:dlc mrnLmird t„ hr.���r„�r�.�►� ��� nornial
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<br /> --=�- r«���dc��u:d u.r,anJ tu mamtrn.mcr ul lhr Yrup�rty.
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<br /> - - -- � � . , , Form 3028 9i90 (-T +. �- — -
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