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<br /> � • �ubata�tially eyuivatcnl mcingage insuranre cnver:�ge is not a��a�l�btr. Bnrru«cr ,h:�ll pay to Lcn cr ea �io t a sum eyual to _ �
<br /> � ' one-twelhh ci the y��riy mortgage in��irsn.e premium being paid by Bnm�«cr��hen!hc in.n�ance�Yn•crage laps�or cu�s+ed ro �<. V� --
<br /> he in rffect. L.ender�vill accept.ucr and retain th��.e payment,a+ a lo.. re.ene in lieu of martga�r irsurance. 1.��•• ��'"e ., .-
<br /> - ra}men�,nu�y no ton�cr bc requtral.at thc optian uf L cn der, i f ntu r igage i n�u r.t n�ti c ov r r a g e lin thc amoant and for thr period , �
<br /> ' � that l.ender rcyuirc�i pn►�idod by:�n in,urer appn��•ud by Lendcr ag�iu tn`umc`a�•silshle antl i•�,htaie�c�d.8orrower shal! pay ----- —
<br /> • � the premium.reyuirc�i to maintain mortg�ge insursnre in rfFect,c�r to provide a lu�.re.erve.until the requiremcnt fur murtgage . :.: ��
<br /> insuran��e end�in arcordan�ti�vith nny«•ritten agr��ment betwc�cn Borntiw�er and Lender ur applicahle la�v. �
<br /> 9.Inspectton. Lendcr or itc agent nu�y make rwsunable emrier upon and in�Pe�:tians ��f thc Pmperty�. Lxnder+hail give :
<br /> Borrow•er noti��e ae th:time��f or priar t��:ui inspection+perifying reasonabfe cau.e for the inspoctiun. _
<br /> � 10. Condemtnation. The pracred� uf any award or clafm fur damsge�. dir�-t or cumcyuential. in cmtn�Ytion�vith any . 1,� � .
<br /> . rondemnation or��ther taking uf:uiy part��f the Pmperty.ar for cunveyan��in lieu af wruicmnation,:u�hcreb}•:��s�gned and . '
<br /> �hall�e paid to Ixnder.
<br /> •-.•` � In the event iif a total taking uf the Pmperty.the procr:�ds shall be applieJ tu the sum.+secu��c1 by thi.Serunty lns[rumc.tiu. �`
<br /> ahether or not then due, with any exce�.,paid to I3orrowcr. in the evc�n uf a �+artial taking uf the Pr��eny in which the f:iir __ __,_ ��_:
<br /> market�aiue of the Pmperty immediately before the taking is eqaul to or greater lh:u�the amount of the+um�aerure�d by thi.
<br /> ` Security Instrument imm�listeiy before the taking. unles�Hortower and LenJer othenti�i+e agrce in writing.thc sums.e�urcxi 6y
<br /> ' this Secarity In,trument �hall br reduoed by the :vnount of the proceeds multiplieei by the ti�ltawiag fractiun: la1 the tatal
<br /> amount of th�sums secured imm�diately before the takinc, divided by(b►the fatr market value of the Pmptny immedistc�y _
<br /> � before the taking• Any balance st►all t� paiJ to Borro��er. in the event nf a partial taking of the Property in�vhich the f:�ir - .- ;. ..,.< < :p
<br /> market�alue of the Pmpeny imrro�diately beforr the taking is iess than the amount of the+un�.ti.c�urecf immctiiiately befan:the , . . ; � „ . ,
<br /> takin g,unless Borrower and Lender othenvise agree in uriting or urelea�appiic�ble law otherwise pnrvides, the procec�iti.hall ;�:�,� `
<br />; ''`�., be applied to[he sums secured by t his Security Ins tru m e n t w h e t h e r o r n o t t h e s u m s a r e t h e n d u e. t�y;.T—,
<br /> ff the Property is abandoned by Borrower,or if.after notice by l.ender to Borrower that the condemnor offers to make an
<br /> � award os settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given.
<br /> L,ender i�aathorized ro collect and apply the procecds.at its opuon,either to restoration or repair of the Property ar to the sums , .:ii v.� -
<br /> secured by this Securiry Instrument,whether or not then due• �I�an of raceeds to rinci shall not eatend or ': ��`����`
<br /> Unless l.ender and Borrower othenvise agree in writing, any app� P P P� • ' r;,�'.:�.
<br /> postpone the due date of the montlily Paymenu referred to in paragraphs 1 and 2 or change the amount of such paymems•
<br /> ��• ••.�
<br /> 11.Borrower 11ot Released;Forbearance By I.ender Noi a Walver.Extension of the time for payment or maditiration �`:. ;�.; .
<br /> ' � of amortization of the sums secure�by this Security Instrument granted by Lender to any successor in interest of Borrower shall � '";�_ __,_.;,,�_
<br /> - not operate to release the liability of the original Borrower or Borrower s successors in interest. Lender shail no[be required to �_ �
<br /> �F',.�_-.-._".
<br /> cortunence proceed�ngs against any successor in interest or refuse to extend time for payment or otherwise cr.odi(Y amonization �,,,'��, .��
<br /> ' of the sums secured by this Secunty InsUUment by reason of any demand made by the original Borrower or Borrower s ..
<br /> � successors in interest. Any forbearance by l�nder in eaercising any right or remedy sha11 not be a waiver of or preclude the ��` �-
<br /> exer�cise of any right or�emedy.
<br /> 12. SucoessoY's and Assigas Bound;JaueR and Severai Liabiltty; Co-signei's. 'i'he covenants and agreemer.ts of this .._ ,:.'
<br /> ' Sea:rity Insuument shall birtd artd benefit the s�rcessars and assigns of l.er.der and Borrower, subject to the provisions of :;,�'_.:
<br /> paia�ph 17_ Borrower's covenaass and agreements shall �Se joint and several. Any Earrower who co-sigRS this Securiry
<br /> • lnstrelra�but does not execute th�Note: (a) is co-signing�ia�il Security Instrument only to mortgage, gtant and oonvey that _ ;
<br /> � HorroRZr's interest in the Property under the certns of this Secvrity Instrument:(b)is nat��oyexten d t m o di�forbear or "' 'j �" � -
<br /> � secured by this Securr�y lnstrument:and(c)agrees that f.cnder and any other Borrower may o,. •=„�",�:
<br /> � make any acwmmudations with regard to the temu of this Security Instrument or the Note without that Bosrower s consent. � -�;?.�;.�
<br /> �3.Loam Chaiges.If th..�'.nn serured bY this Security Inswment is subject to a law which seu maaimum loan charges. , "yF" . .�:,� _,-
<br /> ` and that law is finally interpreta�sv that the interest or other toan charges coltected ar t�►be collected in oonnection with the - ' ,�r•:,
<br /> �� loan exoeed the pemtiued limiu.then: (a)any such loan charge shall be rednced by the amount necessary to rednte the charge �, . �
<br /> - `�•" to the permitted i�mit:and(b)anY suuis already coltcctc�from Borrower ahich exceeded pemutted limits will be refunded to �;;�_._-
<br /> . Borrower. Lender may choose to make this refund by reducing the priRCipa! owed under the Note s�r by making a dir�ct .^., : �•
<br /> payment to Borrower. If a refund reduces principal, the reduction will be trented as a partial ��uyment without any T.���;",..
<br /> ." prepayment charge under the Nate. . "�`'�
<br /> A4.Nottces.Any notice to Bonower provided far in this Securiry Instrument shall be given by delivering it or hy mailing
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<br /> ; :•���iecst cla�s ma'sl unless applicable law requires use of another methad.The notice shall be directed to the Praperty Address :-.:�_--
<br /> ur zaiy other addn:.. Borrower designates by natice to Lender. Any notice to Lender shall be given by first class mail to _
<br /> Lender s address s:ated hetein or any other add�ess Lender designates by notice to Botrower. Any notice provided for in this '"-"� �;_
<br /> Securiiy InstnuRent shall be deemed to have beer.�ven ta Borrower or Lendcr when given as provided in this patagrsph. -��.�•-e-_
<br /> , py,Goyenttng Law; Severability. This Security Instrument shall bs govemed by fe�eral law and the law of the ,._,F_,�. ,,.;�'
<br /> jurisdi,��on in which the Property is located. In the event that any provision or clause of this Secvriry Instrument or the Note •• • ,,.�v r_ ..
<br /> wnflicts with appli�ai�ie law.sUCh conflict shall not affect other prov�sions cf this Sw-��^n!�Incm�ment or the Note which can be �rr�r��..,
<br /> given effect without the conflicting provision.To this end the provision5�it'r,':is Secunty ��nstrument and the Note are declared �""""�-.,�V�°
<br /> to be severable. `� ���-��
<br /> • 16.E�rrower's Copy.Borrower shall be given one confnrmed caPy oi tre Note and of this�cLrity Instwnent. �r�=.'��
<br /> • 17.Transfer of the Froperty or a Beneficlal Inteorge i�r i�o�o�ver.lf all or any paa�t of t�.Pn��erty or any interest in it "' ..���;;,
<br /> is sold or transferred(or if a beneficial interest in Borrowzr i4 4old or transferred and IIurn�wer is rot a namral pe�vn)without -., �
<br /> Lender's prior written consent. Lender may. at its option, require im.mediate paynt•r� cn f�nli of all sums secvnai by this , +����- -
<br /> Securiry Instrument.However.this opuon shall not be exercised by Lend�iF exercise is�:�hibau;9 L�: federal law as of the date • _ :'�,.*'`
<br /> � of this Security Instrument. � •• _
<br /> If Lender exercises this option, Lender shall give Borrower notice of auccleration.The notaa:�`�_:t)provide a period of not
<br /> :';�: , less than 30 days from the date the notice is delivered or mailed within which Bornru,:c must pay all sums secured by this ',�`��;'
<br />' Secur•ty Instrument.lf Borrower fails to pay these sums prior to the expieatian of this�?�n��d.Lender may invoke any remedies ,.� ,.,,,,�,,,..:
<br /> . permitted by th:s Security Instrument without further notice or demand��n f3errower. _'_�;.�.5__�+_ °
<br /> 18. $av�W�.�'s Rlght to Reinstate. I.' Borrower meets cettain �:��nditions. Borrower >hal9 have the right to ha�e • _ _;fr�-
<br /> -; enforcement o".' tz:•!Security Instrument di50-•�a:nued at any time pri��r in �tte easlier of: (a) 5 days lor such other period as '_ �- �,.,_
<br /> ' applicable law cr:�y specify for reinstateme+�cr Isefore sale of the Pmn�ny pursuant to any poaer of sale containcd in tRi� � ;
<br /> � Security Inswment;or(b)entry of a judgment enforcing th*s Security lnstrument.Those eonditions ase that Borcaver:(a)pays .
<br /> stir�er aIl sums which then would be due under this Se,.�.�ty tnstrumen�and the Note as if no acceleration had occurn�d:(b) ..,_.,,,�� �
<br /> � cw:�any default of any other covenants or agreements: t�.7 pays all expenses incurn33 in enfoming this Security Instrument, ';;:�""- ��.",y
<br /> ' including, but not limited to,reasonable attomeys' fees; and(d)takes such action as Lender may reasonably require to assure
<br /> • • that the lien of this Security Instrument. Lender's rights in the Property and Borcower's obligation to pay the sums secured by .
<br /> • � this Security Instrument �hall continue unchanged. Upon reinstatement by Borro�ver, this Security Instrument and the
<br />. obligations secured hereby shall remain fully effective as�f no acceleration haJ occuned. However, this right to reinswte shall
<br /> not apply in the case of acceleration under paragraph 17• :•��•::-•�•,� '�
<br /> � 19. Sale of Note: Change of Loan Servicer. 7'he :Hote or a partial interest in the Note (together with this Security
<br /> � � lnstrument)may be sold one or more times wiihout prior notice to Borrc�er. A sale may result in a rhunge in the entity Iknown .
<br /> ati the"Loan Servicer')that collects monthly payments due under the'+�x:and this Security Instrument.There also may be one _ ,
<br /> ' or more changes of the Loan Servicer unrelated to a sale of the Note.If there is a change of the Loan Servicer.Borrower will be
<br />. gi�•en written notice of the change in accordance with paragraph 14 above and applirable law.The notice will uate the name dnd �.�t_
<br /> address of the ne�v Loan 5ervicer and the address to which payments should be made. The natice will also contaio any other
<br /> information requircd by appliwble law. ' ' ,
<br /> � 20. Harardous Substances. Eorm�ver shall not rause or permit the preyence. u�c. ditipu�al• ,torage.or releace of any .
<br /> � Hatardous Substances on or in the Property. Bormwer �ha11 not do. nar allow anyune el�e to du. anything �ffecting the . . _
<br /> - - rmpeny thai i, m vi«iatiusi o(any �n:irc�nmenls! L:s=:•. The Frcce�ling�w•���entenre�tihall not apply U�the presence. u�e. ur ___ _
<br /> � �torage on thc Pmperty c�f�mall yuantities of Haiardou�Sabstance� that are generally recognized to he appmpriate to normal . . �
<br /> residentia!use�aiui to maintenanrr i�f the Property. , ' '`
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<br /> Form 3028 9190 �
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