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97104464
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Last modified
3/11/2012 10:15:26 PM
Creation date
10/19/2005 6:19:10 PM
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DEEDS
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97104464
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� :!1 .: ...r...... . . , �' . '� . _ _=—__..�.-"._..a-.:����iti'�' <br /> �: 5.�� .. — <br /> „y .� n,:�.w�.. �.. . . . _— _y_.._:1_::�i%'�`i:---- <br /> �_.a�.....�.•.��.__.� ._,r.r..;.�.y.�� �.�PY"�713lfd_�TA�2�1'..� – _ ---°–- <br /> �T-� 104��� � <br /> paymcnts may na I�nger be royuircd,at tht option c►f l.ender,if nartgoge insurancc covcruge(in the m�wunt a ur o rind <br /> ilwt 4,tixler rcyuires)provlJai by sui ir�surer upprovod by I.eixtcr ogaln ixcomes avnilable und is obttiinal. Aormwer shall pay <br /> tM:premiums rayuired to muin�ain nx>ngage inxurancc in�ffect. or�cs pruvide n lass rcserve,until thc reyuirement far martgage <br /> insurunce ends in accurdAnce wi►h any written agcament betwxn B�erower and Lender or wpplicable IAw. <br /> 9, g�nwHlon,, I.�rxtr►or its egent mey makc rcasanablc enui�s upon and ins{►ecNans of the Propcny. l.endcr shal!give <br /> Borrower�wticr�t tlx time of or prior to an Inspectian spoclfying rcasonable cauc,e for�he insptctlon. <br /> 10. Condemnatbn.'fhe proceeds af any eward nr clwim tor sunwges. direct or conseauentiul. in conrxction with xny <br /> rnndcmnation or uther takin�of any pan nf the Pinperty.or f�r mnveyance in lieu of condemnutinn, ure hcrcby ussigned and <br /> shell bc paid ta l.ender. <br /> ln thc event of a total taking af tl�c Property,the proceods sh�ll be npplicd to thc sums secural by this Security Insiniment, <br /> whethtr or not then due. with any cxoess prid to 8orrower. In the cvent of u partial taking of thc Prop�rty in which the fair <br /> rrwrket valuc of the Pro�cny immediately beFon thc taking is cqwl to or greaccr than the amount�f the sums securcd by this <br /> Security Instn�ment imit�edfatcly before the teking,unless Borcower and i.ender otherwise agrrc in writing,thc sums secured by <br /> this Socurity Instn�ment shall be reducsd by tht amourtt of thc procxds multiplied by thc following fraction: (a} the tatal <br /> amount of the sums socural immediately 6efore the taking,divided by (b)the fair mairket value af the Pmp�rty immediately <br /> before tt�e t�king, Any b�lu�ce shall be prid ta Borrawer. In t�e avent af a partial taking of thc Property in which the fair <br /> muket value of the Pioperty immediately befon the tahing is lest ttaan thc artwunt of the sums secured immodiately before the <br /> taldng,unless Bomower a�x1 LciKler uthei wise agrse ia writing or us�lcss applicsble Iatv otherwise provides, the pmceais chaU <br /> be appliod to the sums securod by lhis 5ecuriry Instrurrnnt whctheror rat the suins arc then due. <br /> If'the Propetty is abandonod by Borrnwer,or if,after ratice b�r I.encler to Borrower that the oonclemnor offers to make an <br /> award ar setde a claim far damagcs. Borrower fails to respond to I.ender within 30 days after the date the notice is given, <br /> Lender is authorizecl to collect uxi apply the proceods,at hs option,eithes ta restoration or repAir of the Property or to the sumg <br /> sa.�ured by this Socurity lnstrument,wheth�r or not then due. <br /> Unlcss Lender ond Borrower utherwise agroe in writing. �ny �pplicstion �f proaads t� principal shall not cxtend or <br /> postpone the due date of the montidy payments rcferrod to in paragruphs 1 and 2 or change the amount of such p�yrtients. <br /> 11. Burrnwcr Not Rdeaee�l;Foe6eannce By I.ender Not�vV�iver.Bxtension of the time for payment or moclification <br /> of art�rtiz�tion of the surns securod by this Security Instrument gnnted by Lender to any successor in interest of Horrower shall . <br /> not,cipernte ta release the liability of the original Borraw�r or Borrower's sucassors in interest. Lender stwll rat be ra�uirod to <br />�� rnmrnenrx pn,:iaii,�gs a�+a���i�;rr z;c;.w�r::�in:croi;r rfust� a�te.�ti^�f�r�;�nr�r�ih�rwi�m�xiify amortiTation <br />° of thd sums secured by this Security Instn�ment by rcason of ony dem�,nd made by the original Barrower or Borrowcr's <br /> , � successon in inte��t,Any forbearance by Leixler in oxercising�ny right ar rcmedy shall not be a waiver of or pra:lude tt�e <br /> exereiso of any dght pt temody. , <br />- 1Z, Sutce�sors and As�qs Bound;Joint and Sevet�al Liability; �Co-signers. The covenants and Agraments af this <br /> Securiry Instrument shall bind and�enefit the successors and auiga5 af I.ander and &�rrower, subject to the provisions of <br />_ peragrept� 17. Bor:ower's cuvenlnts and agraments shall be Joint and several. Any Borrower who co-signs thie Se�curity <br /> Inctrument but does not execute the Note:(a) is casigning this Socurity Tnstcument only to mortgage, grant and rnnvey that <br />- ' Hor.ower's interest in the Property untier thc tem�s of«iis 5ecuriiy Instrumenc;�b)is iwl Ere��u�u�tly obtfgatc3 to�.y th:.�utn. <br /> securad by this Security lnstrume!u;and(c)egras thet�i.ender and any other llorrower may agrce to exte.nd.modjfy.forbear or <br />= malce any eccommoduiona with ngnrd to ttie tertns of this Securi�y Instrument or the Note without that Borrower's eonsent. <br /> - t3. Loan Char�es.lf 4he loan secured by this Sxuriry Ir�suurnent is subjxt ro a law which sets muximum laan chuges, <br />� and ttuit lAw is fic�31�� interpretal so that the interest or othor loan charges colloctod or to be collectod in rnnnection with the <br />� loan exceed the pGmiittod limits.then: (a)any such lonn charge shall be raiucod by the a�nount neassary to��educe the charge <br />� to the permittod lirnit; atx!(b)any sums alrcady collectod from Borrower whieh excaded permitted limits will be rethndod to <br />:� Borrower. Lender may choose to inake this nfund by roducing the prinoipai owal under th� Note or by mafcing a direct <br /> � p�ymmt to Borrower. lf a re�'und reduas pdncipal, tha raduction will tx: treated As a partial prepayment without sny <br /> prcpeyme►►t charge under thc Notc. <br /> � 14.Notica�. Any notice to Borrower provadal for in this Sentriry Instrument shall be given by delivedng it or by mailing <br /> it by first ctass mail unless applicable law reqWrcs use of another mdhod.The notice shall be dircctec!to the Property Addnss <br /> � or u►y other addre�Borrow�r designates by notice to Lender.Any notice to Lender st,all be given by �n�t class mxil to <br /> I.er�dcr's addross stated herein or any other nddress Lender designs�tes by notice to Borrower. Any nntioe provided for in this <br /> � Socurity Instrument shall be deemod to have been given to Borrower or Lendtr when given as provided in this paragraph. <br /> 15.Governing Law; Seva�btlity. This 5ecurity Instrument shall •be govemai by federal lAw and tho law of the <br /> � jurisdiction in which the Property is located. Irz the event that any provisic�n�or clause of this Security Jnstiument or the Note <br /> � conflicts with applirablz law,ouch conflict shall r�ot affect other provisions of this Security Instrument or the Note which can be <br /> t given eifect without the conflicting provision. To this cnd the provisions of this Security Instrument and the Notc are declarod <br /> � to bo scverablc. <br /> �6.BO!'MNCY'�S COpf. Borrower shnll Gt given one conformed copy of ihe Note and of this Security Instrument. <br /> ;� Form 3028 9180 <br /> Page�016 <br /> f • � <br /> .� <br /> f: <br />
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