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<br /> . " ____--------��.._�_���.___—______._.,..__:._._�._�,OQ�� ~ c t �
<br /> substar+tially equiva�ent mortgage insurance coverage is not available. Borro� hall pay to Lender each month a sum equal to ; ' .
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to ; �. �.�:.,;=.: �..
<br /> be in effeci.L.ender wil)accept,use and retain these payments as a loss reserve in licu of moRgage insurance. Loss mserve . �`?%":"'
<br /> paymenGti may rro longer be required,at the option af Lender,if mortgage i�sucance coverage(in the amuunt and for the period
<br /> - ��,h;�; ;�,�yyr�„Y�:�1{�,i h�An in�nrer appmved by L.ender again becomes available and is obtained. Borrower shall pay _ ----
<br /> � the premium+mquired te rnaintain mongage insorance in eff�ect,or to provide a loss ncserve,untii cne reqwrement for murtg�c F
<br /> insurance ends in accordance with any wntten agreement between Horrower and Lender or applicable law. : `, ;
<br /> . 9. YnSpcti�tion. Lender or its agent may make reasonable entries upon and inspections of the Property. lxnder shall give ;�
<br /> Borrower notice at the time of or prior to an inspection spocifying reasanable cause for the inspection. '�"'•`•'�°-r
<br /> �' 10. Condemnation. The proceeds of any awatd or claim for 3amages. direct or consequentiai, in rnnnection with anY ,•
<br /> =`' rnndemnation or other taking of any part of the Property, or for canveyance in lieu of condemnation, are hereby assigned and , ; , • .
<br /> shall be paid to I.ender. �
<br />� In the event of a total takin¢of the Property.the procec�s�hall be applied to the sunu�ecured by this Security Instrument.
<br /> -.? - whether or not then due. witfi any cxtcss paid to Bnrrower. In the eyent of a partial taking of the Property in which the fair _ _ _
<br /> market value uf the Property immediately before the taking is eyual to or gre.ltcr thaa the amount of the+um.+ecured by this �
<br /> � Securiry Insttument immediately before the talcing, unless Borrower and Lender otherwise agree in writing. the+um++ecured by
<br /> this Securiry lnstrument shall be reduced by the amount of the praceeds multiplied by the following fr.tctiorr: �al the rotal
<br /> amount of the sums secured immediately before the wking. divided by (b) thc fatr market valuc of the Pruperty immcdiateiy r :; .,
<br /> beforc the taking. Any batance shall tm paid ta Borrowcr. In thr evem uf a partial talcing uf the Pmpeny in which the fair �_� . .
<br /> � markct valuc uf the Pr��peny immediascly beforc thc wkin� �,lc.�ih:►n the umuum of thc,um+ucured immcdiatciy hrfi►rc thc ;°�� ;'•.
<br /> [aking.uale+s Uorrower and[.cndcr athcnvi,c agrec in�vnung ur unlc+�app liw b)c law o t henvitie p ro v i d c+, t h c p rnccodx+hall + Y=__•r_.�_b:
<br /> be applicd tu the tiums secum.ci by this Sezunty�In+trument whcthcr ur nut the+um+are then duc. • __ V ��
<br /> ' li the Pmperty i,abandoned by Borm�ver,ur il',ai'ter n��tice hy lxnder tu Bnrrower that the candemnor nffen ta make an �' YN`�J,',W-
<br /> uwarJ ur utUc a �laini fot damag�. Borrowrr i'ail+tu rc.pund tn I.�nJcr within �0 J:iyr after �hc datc thc noticc ir Eivct�. . —
<br /> � L�:nd�r i,authoriied to cullect:utd apply thc prureed,.ai it�uptiun.eithrr to rertaratiun or repair uf the Pruperty or to the�utns ' ���=��
<br /> ,ccured 6y thi,Security Instrument.whether or nut�hcn dae. r �:�`-�:.
<br /> Unle�s Lender :uid 8orrawer othenvi,e agrec in wnting. :uiy application of proceeds to principal +hall nat extend or ,...,_ �_ ,. ,.
<br /> " postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the am�unt of such payments. ' �����-- ,�
<br /> `.` 11. Borrower Not Rete�ased;Forbeacance By Lender lYat a Waiver.Extension of the timc for payment ur modification ,
<br /> of amortizatian of the sums secured by this Security In��trument granted by Lender to any succeasar in interest af Borrower shall _� :--��
<br /> not operate to release the liabiliry of the original Barrower or Borrower's successors in interest. I.ender shall not be required to , . �.,�;__
<br /> commence proeeedings against any saccessor in interest or refuse to extend time for payment or otherwise modify amortizatian -. �;��:
<br /> '��, of the sums secured by this Secunty Instrument by rea,on of any demand made by the original Borrower or Borrower's .::;.�' _
<br /> � successors in interest. Any forbearance by Lender in exercising any right or remedy shalt not be a waiver of or preclude the �.t,P:.
<br />,;,,.`„ r exercise of any right or remedy- ` . < ,�;r�� ".
<br /> �_ :. . Z2. g��so�rs and ,4ssigns Boand; Joint and Several Llnbllity; Co-signers. The covenanu and agreements of this �, � � ...
<br /> + Securiry 3nst�unent shall bind and beae6t the successors and assigns of Lender and Borrower, subject to the provisions of � " �'�`"� •
<br />.:;;• ;. : paragtaph !7. Borrower's covenants ard agreements shall be joint and several. Any Borra�ver who co-signs thts Security � `� �
<br /> `� ., Instrument but dozs not e�e:ute the \ote: ta) is co-signing this Security [nstrument only to mortgage,grant and convey that ;p,�.i ..��.�-
<br />' Borrower's interesc in t:�e Pr�pert}•ur.der the terms of this Security Instrumenc; (b)is not personally obligated to pay the sums _ - -t,; :
<br /> secured by this Securit} �rv;�ume�t;�Td(c>agrees that I.ender and any other Borrow�er may agree ro extend,modify,forbear or 4 ' ;;�'
<br />::-;�.:;;�� make any accommodarions with re�::.�-to the terms of this Security Instrnment or the Note wi�out that Borrower's consent. �:3': �.
<br />�•-;,,. 13.Loan Charges.If the loan;:.:.nred by this Security Iastrument is subject to a law whi�h sets maximum loan charges. ;� w;.,
<br />;�e'. .
<br /> and that law is finally interpreted so u�.at the interest or other loan charges collecced or to�.,�pected in connection with the ,, . ,
<br />,;,. r�.. ��. .�� ,
<br />• loan eaceed the permitted limits,then: (a)any suc�loan charge shall be reduced by the am�-`.=�': necessary to reduce the charge �
<br /> to the pemvtted limit;and(b)any sums already cotlected from Borrower which exceeded permitted limits will be refundad to .;�
<br /> Borrower. Lender may choose to make this refund by re�ucing the princ�pal owed under th$Note or by maloing a direct , : �� ,;:.,.
<br /> _ a artia! re a ent wittzout any �"F'� ,'..
<br /> paym�nt t� Horrower. If a refuad .aduces principal, the redaction will be treated as p p P Ym �� t
<br /> � prepayment charge under the Note. �j� ��-�,:_.
<br /> �� — 14.hotices.Any not[ce to BC:ra»er providr.�S fur in�1�i�Sczu�iiy Luuv.�ia�it shaii�.3.��by s!eli�•ering is or h;�:r=•91ing •
<br /> -._ it by first class mail una�s applir.able law requires use of another method.The norice shall be�irected to the Property�ulress :� ;,�:;:-�•, -
<br /> or any �ther address �a;rawer designates by notice to l.ender. Any notice to Lender sh211 �e given by first class mail to ,`-ir�f,�.'';.:
<br /> ' Lender's address state:herein or any other address Lender designates by notice to Borrou•er. Any notice provided for in this `�-1::ies:t`.�'� ;
<br /> �..,�:;--
<br /> Security Instwnent sha31 be deeme�.a have been given to Borrower or Lender when given as�rovided in this paragraph. — �-�.-„��;----T:
<br />- 15.Governing 1.aw, Sevea�'�Y• Th�s Security Instrument shall be governed by federal law and the la�of the `��� ;,�-• �
<br /> jurisdiction in which the Property is lorated. In the event that any provision or clause of t�vs Security Instrumens or the Note ';�€
<br /> '. contlicts with applicab'.�law.svch conflict shall not affect other provisions of this Security Insuument or the Note which can be _ ',.":
<br /> given effect without the confli�provision.To[his end the provisions of this Security Instrument and the Note are declared '
<br /> to be severable. �-'�-''�=^--� '
<br /> 16.�v�rower's Copy.Borro:��r shall be given one conforra�.ed copy of the Note and Qf this Security Instrument. _ .,`_____. ..-
<br /> 17.'Y'uansfer of the Prop¢�r ar a Beneficlal Interest in�wrower.If all or any p�t of the Properiy or any interest in it :h �.--,.
<br /> is sold or transferred(or if a ber.Qr�c�al interest in Bonower is sold or transferred and Bo7awer is not a natural person)Kichout (?'�,��i.�„
<br /> Lender's prior v�rir•_�n c.onser.t. L.ender may, at its option, require immediate payme�t in full of all sums secured by this '� �` ••�
<br /> v,•�,z�.:--
<br /> • Security Instrument. I-iaaever,this option shall not be exercised by Lender if exerrise is p.ohibited by federal law as of the date --•�
<br /> of this Security Inst:um�t. ' � y�
<br />•.. ��' if l.ender exerc'ssrs this opvfln, Lender shall give Borrower notice of acceleratio�.T'ne notice shall provide a period of not :�rn�., �
<br /> � less than 30 da ys fro.r. the dat� ttse notice is delivered or mailed within which $orrow�er must pay all sums secured by this �.;�.•.
<br /> , r,�:.::�+,. .
<br /> Security Instrum�nn. Ilf�orrower fails to pay these sums prior to the expiration of this per.'ot.Lender may invo ke any rem e dies -•.,•,•.�,r�,�,; . _
<br /> ._. permitted by this Secu:iry Instrument without further notice or d_mand on Borrower. .,�;�:�
<br />, :�,.�'„ I8. �orrower's Rip,ht to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have ' . .; .
<br /> enforcement of this Security Inswment discontinued at any time prior to the earlier of: (a) 5 days (or such other pzriod as :�,��;-:,,�;�--
<br /> ' applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this _„r_,,.,,,,,,
<br /> • Security Instrument:or(b)entry ot a judgment enforcin�thi�Serurity Instrument.Those cunditions are that Bonower:(a)pays �:_:1�3,;,,�..;.
<br /> Lender all sums which then would be due under this Security instrument and the Note as if no acceleration had occurred: (b) �,•.-• ; ..
<br /> " cures any default of any other covenants or agreements: (c)pays all expenses incuned in enforcing this Security Insttument, :•;..t;::_,_,:.;
<br /> including,but not limited to,reasonable atturneys'fees: and(d)takes such action as Lender may reasonably require to assure ,
<br /> that the lien of this Security Instrumen[. Lender's rights in the Property and Borrower's obligation to pay the sums secured by - - � . ,.
<br /> .. this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the . •
<br /> obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall
<br /> , �� not apply in the�ase of acceleration under paragraph 17. • . �
<br /> ' 19. S�le of Nate; Change oY Laan Servicer. The Note or a partial interese in the Note (together with this Security � {��--
<br /> InstrumenU may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity(known
<br /> as the "Loan Servicer")that colle4:ts monthly payments due under the Note and this Security Instrument. "fhere al�o may be one .
<br />� . or more changes of the Loan Servicer unrelated to a s�le of the �ote. If there is a change of the Loan Servicer. Borrot��:r will be
<br /> given written notice of the change in acrnrdance with paragraFi� '4 above and applicabte law.The notice will state th�r;.me and : ,�t:.�:_ � _
<br /> addre�s of the new Loan Servicer and the address w which pafrr.�nts should be made. 'TF�e notice will also contai^ �.. other �•„'4�:�'• . . �
<br /> :.,:,'`"�.' •
<br /> information required"; applicable laa•. �. ; ::�•
<br /> 20. Hazardous Substances. Borrower chall not cuuse or permit the p:csence. .:�z. disposal, storage. or rclea�e of a.^.y ,_��:.
<br /> Hazardous Substances on or in the Prc�perty. Borrower shall not do, nor allow ar,;.o-�: else tv do. anything affectmg the 't�.i�.
<br /> -__ _ _ Pmpeny that iti in violation of any Environmental Law. The pr;ceding two sentences>nall not apply to the pre�ence, use, or _=����:.•_ __ _
<br /> . ...__
<br /> storage on the Property of small yuantities of Hacardous Substanceti that are gener311y rec�ignized to ne appropriatr w uu�u�al �" °' ���`
<br /> residential uses and to maintenance of the Property. ' � '
<br /> � P�ac 3 0�a •'��� Form 3028 9I90 . . , -
<br /> . il
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