|
; . . .-. . : .- . . . .:. .�� — .. t4 .F
<br /> � `- . `S;S -s ':_� �__ �:_ .t:�� � � _.• ''- = '=e._...r.r_.:r�._..X.�.:�.. ����t^'^'*�TC".'?:^,�-y-�_^�':<^;.y�F 'I- —
<br /> . ��L � — - — -� �` �s A. t r '� - - - — � - •
<br /> ' .� , 0 7 �a •y �t. - �'.a ��sfr,r�.
<br /> ";�.. rl.:r.., f . 8 -t . -t .<r�4 .t� `-<�,� �tly
<br /> .t� _r".. ,.,.fo. _k� u � E �c `4 -
<br /> ' :1.� _ _
<br /> r x .f f, ' - [�,..-:
<br /> .�:,• aubstantiatl�eguivaleat moAgage iasuraace oavecage is noi availabte,Horcower shailpay w�euQer�sh month a munn equat tu . "
<br /> • � : one-twrciRh of the Xe3r1y murtgage iasurence ptemlam bemg paid by Borconre:when the in�ance coverage tapsed or ceased tQ . �_
<br /> -`""..�°, �1� be In eifett. Eendee�vitt aboep4,use and:etain these papmenta as a toss reseive in ti� uf mortgage insu:anoe. j.ass ces�rve
<br /> paym�nts mny ao lo�e�berequired.at ths opttan of Lender.if murtgage insuran�e aoverage tin the amannt snd for the per'sod
<br /> - • � tflat L,ender requirea)(novide8 by�iasu�es s�pmved by Lender again beoumes availabte aad is obtafned.8orcower shali pay �
<br /> - . ;.";£` tRe prCmiuQts�equirad ta aaaintaiat mprtgage jnsuranoe ia effect,or m provide u ioss reserve.uatil the cequiretneM for mnrtgage �.-:
<br /> ,' • ,.., insurancc eads in uecuidnn�with any written agreemem between BQrrowes aod Lender or appllcabte law. �
<br /> �,y�.y�,���r• ,t�r�' , 9.Irn�pectt�m.Lendcr or its agent may m�ke reasot�bte entriea upon aad inspectioas of the Property. Lender shal!"give -.
<br /> �orrowex ccotiee ut,the dme of or prior to tur ia�ian sPecifyitrg reasonabie cause for the inspaxioa. �
<br /> � ' ` � . t0.Coadanttattan.Th�pm oeeds of anyr nwnrd or daira t'or damases.di�ect or wa�equ�atial. in wnne�on�vlth anyr _
<br /> <,`�°<.'��� .;. . oondemnat�on or uthe�ta�ing of any pa�t of the I�rdperty.or for coaveyaaoe iss lieu of mndemnation,are he�eby assigned and �T-
<br /> , �. :'�:_��� sha4!tse aaid to Lc�der.
<br /> . . ., , tn the cvent�f n tatel wkis�of ttie[�roperty.the proceeds sl�all be applied to the sums secvred by this Sec�uity Inswment. �_
<br /> -'�.�..: w6etTtec ar not then dus.with nny eaoess paid to Borrower.[n the eveat of a partial tating of the PcoFerty irt which the falr _
<br /> � mark�et vatue of the Prapeny immedlateiy 6�efore the taging is equal to or greater ti�an the amount of the sums sec�smd by this _
<br /> — ,.-: S¢cvriry tnstwttent immediateiy Defnre the taking.untess Borrower sad 1.eadee otherwlse sgr�e in writing,the s�secured by _
<br /> - � thls Secarity t�strameat st�aU be redu,oed by tAe a�ount of the pmoads muttiplied by the fottowing f�action: ta)tLe total �_
<br /> , ' amouat of the st�m5 sec+ued imsttediately 6efore the tatciing.divtded by(is}the fair market value of the Propetty immediatet�► —
<br /> . � ta n
<br /> .,u- .< .�_;�.:; b e f o r�t d e t a i d t►g. M y lralanse sAail De paid to Borrotve:. In t&e eveat af a partial takir�g of the Pmperty in w6ich the fair _
<br /> ;..:f, markct vatue of t�e Property immediateiy before the taking is less tttaa ttr�mnouc►t o f t h e sums secu r e d i m�e d'i a t e l y 6 e f o t e t�e
<br /> . ;' x:`�".:';�; �aking,untess Borrower and Lender othecv�+ise a�ree in wrItfng a�r uuless applisable taw otherwise provides.the praa�ds shall
<br /> �be appUed w the snms secured by this Security Instrument whet6er os not the sums are then dae.
<br />. , , '.;`�,.. ;!;;_ tf the Froperty is abandoned by�orrower.or if.aftec notice by Ixcuiec to Borrower t6at t6e coudemnor offers w matce aa
<br /> `, . ;.'• � �•�' �award or seute a claim for damagcs. Borrower feils to respond tu Lender within 30 days aRer the,date the aotice is given,
<br /> `< � Le�tder is authorized co w11�t and apply the proceeds.at its option,either to restaradon or tepair of the P�npecty or to the sums
<br /> ' ' • se�ured 6y Ws Secauiry I�nsment.whether or not thea due.
<br /> � :: -� �"�,.- Un�e.ss�LeadEr eud Boirower otherwise agnee in wridn8•�Y BPPUc�on of proceeds to principal shaII not extead or
<br /> `� '. postpone the due date of the monttily paYasenta referred to in paragra�hs 1 and 2 or chaage the.amouat of suc6 paymeats:
<br /> 11.Bote�tv�Nut Ret�ased;Forbearance By I.ender Not a waivcr.Facteuston of the time for payme�or mod�ftrdtion
<br /> � of ammdaetion of We sums secure�i by this SECUrity Lnstrnment granted 63+L�e n d e r w any successor in intec+est o�Bor�awer s6ati
<br /> ,ea e
<br /> �`�.. . . not operate to r+elease the lia�ility af the original�osawer or Bomower's successois ia ime�est.lrender sball not be required to �
<br />_ . _.<��::.,;�:Y: omnmeuce praceedings.against anY successor�n interest o:re&�se w e�ead tirne for paymeat or othemise modify amorti�ation
<br /> n i
<br /> . . `'":, . oF tRe sums sensied isy this Security In�tnunent by reason of any de�mand made by the origiaai Borcower ar Bmrawer's
<br /> ,- �. ,'".�r, suoFessors ia tnteresc. Aay forbearance by lxnder in eaercising any ng1�t or zemedy sha11 not be a waiver of or prectade the
<br /> ... ,.�.. eaerrise ef auy right or remedy.
<br /> .` � iZ. Suaoes�rs and A�igas BouaBi doSnt and Several Liabgftyt Co-sigue�s. 'I�e covenants and agc�ements of this
<br /> �_ •I`` ` Se�vrity Instmusent�sbaU bi�aad 6enefit the sdccessois and assigns of Leuder aad Borrawes. subject to the pcuvuions of
<br /> � � ' .parag�aph 17. Bormwer's coven�sats and age�nems sS�all be joint aud sgveral: A,ry Borrawer who eo-sigas tius Ser�nity
<br /> •<.`:,,. � • '`�;-�•; Instrnmeat 6ut does�rox execute the Note: (a)is co-sigaing this Security Ins�n�ment only to mortgage, grant and convey that
<br /> I[O
<br /> . - Sortower's iutesest ia the Property under the terms of this Saasrisy Inucumeat:N)Ls not ge�sonally obllgated w pay the sums
<br /> � �.' sac�ed hy tl�iis Secauit�r Instrument;and(c}agcees�hac Lender aad anY o�cher Borrower may a to extend,modify.foi6ear or
<br /> . s gr�
<br /> .:.,,�._...�.. �,�;.'. IDekear. coaus�ndauons witb regard to the temu of this Security Instcument or the Note withoat that Burrower's caasent.
<br /> . ,,; .' .•. �`�e,,ai��aiges.If tAe toan seivred by this Se�uriry Inswment is sabject w a law aYtich s�ts maximum toan cbarges.
<br /> � aiv
<br /> �, �`;. aas4 tHat taw is�inaliy inte�preted so that ihe inte�est or other loan diarges colle�ted or tv be coIIected in conaection wIth dce
<br />:..`,;:..�.r` '• . toan excezd the peraumed limits,then:(a)anY such loan charge sha11 be reduced by the amonnt ne�sarY to reduce the cd�arge :
<br /> . "'`,r�.�• m the permitted limit.and N)anY sums already collecte�frum Borroaer which exoe�ed permitted limits wUl be�+efuaded to
<br /> '�Y:
<br /> ,: . �., ., Borsower. l.e�er may choose to make this refnnd by reducing the prindpal owed uader the Note or.by makiag a dtre�t.
<br /> . . payment to Borr+ower. If a refund ieduoes principal, the reductiaa v�nll be treate3 as a P� P�PaY�� tivithont aay :�,..
<br /> ' . . �� ,F.= � :�"'.
<br /> : . :. . . ...�, PrePaY�t�e under the Note.
<br /> 14.PTo�aeg.Any aotice to Borrawer pmvided for in tbis S�unty insuument shall6e given by delivering it or by mailipg�`�� ;
<br /> � � it iry first class mail nniess app1icabte law�+equires use of another method.The noace sha11 be directed to the Property Address "�;
<br /> , or any other a d d re s s B orrower designa t e s by a o t t c e t o L e n d e r. A n y a o t i ce t o L e a d e r.s h a l l b e g i v e n b y first ctass mail to'
<br /> ' iRnder's address stated he�ein or auy other address Lercder designates by not�ce to Bo�cower.Any notice JrmviQeII fm in this
<br /> � � Security Insmnnent s6a11 be deemed to have been given to Borrower or i.eader when givea as pmvided in t�s paiagrapb.
<br /> • � ;,-' �,r.Gpv�g �jy; Severabflity. 'i7ils Security instrument shall be gov�med by feder�l law and the !aw of tt�
<br /> ' ` � jurisdIcdan in�vhich the Property is located.In the event that any pzovision or clause of thIs Se�v(i.ty lnstrument or�the Note .
<br /> •�� •.�;� �: - ' ,.��?F. co�Ticts wit�applicabie 1aw,such co�tict�shall not affect otlter provisions of this Secnrity insb�os the Note whlcb canbe . .
<br /> - given effect withoat tha conftIc4ing pmvision.To this end the pmvisIons o�this 3eQCC'sry Insuume�t and f�e Note ace doclared�
<br /> , ���..:.� to be severabte. � • .
<br /> 16.Bomower's Copy.Borrower shall De glven one wnformed wpy of the Note and oY thts Se�rity Insaument.
<br /> � '':.�,; .. :.� � 17.TransPee of tt�e Property os a Se�eftdal Intee�est in Bosca�If all or at►y part of the Property or any interest in�'_� :
<br /> � is sold or trensfeired(or if a bcnefic�al interest in amrower is sold or aansfeTred and Borrower is not a natural person)withom
<br /> ' . • ' Ler�er's prIor written oonsent, L�der may.at its optIon. requ�re immediate paymenr in fiill of all sums secured by this '
<br /> . ,. � �, • ge�uity I�wment.However,this option shaU nat be exer¢ised by Lender if exercise is pmtiibited by federal!aw as of the date
<br /> . . . ; �°. of this Seeurity Iasuument. � .
<br /> .. , ;� �� ' ` If Lender.�ac�rcises this option.Lender shall�ive Borrower notice of eoceleiatioa.The notice��li piovide a perIod of arat
<br /> ., � � �, ��`;j�l;; Jess tt�an 30 Qayr§from th.e date the rmtice is delivered or mailed within which Borrawer mu.s1.C.�ail sums secured fiy Q�,.�
<br /> . an
<br /> gecuriry instmment.If Borrower fails to pay these sums prior to the expiration of this period.L�'.�'may invoke aay►m:�ir_�
<br /> ::;±_„•�., '.' . pern�itte�!by this Security Insttument without fnrther nouce or demand on$orrower. � .
<br /> ;��y;��:.:.'�.���" ~. .,. 18. Bortower's R1g�E tr� Relnstate• If Borrower meets cenain conditions. Borrower s]�all have the right to have
<br /> enforament of this Secairiiy Bci,�irument discontinued at any time prlor to the ea�rd�er oF: (a)S ct�s(or st�cti other period as
<br /> " � • � appltcable taw eaay s�ecify fnr.reinstatement).before sale of the Pcop�'ty pursaant�tu anY Pa��i'of sale wntained in c�is.
<br /> .: $p,�rjnr Tncm*m�nt;or(b)eni�y of a jud�Ceat enforcing this Sec�rity IIx�stnunent.l'hnse�nditivns�t1�Bonowe*:(a)1��.
<br /> � � Lendet all sums wh�ch then would be dar�nder this SecurIty Insttumem$nd the Nae as if no ac.ca;sradon had accurred;tT��' ,
<br /> .� ;,.;:��; c�s eny defaWt of any aih�r eovenaats as agreements:(c)Pa3+s all expenses inca�e�d in enfor+c�ng tlils Security Insuumrat,
<br /> ' � iac�uding,but aot limited w,ze�asonaf�le attosneys' fces;and(d)takes such acdon as�ender may�asonably re�dre to essurv
<br /> • ti�zi the lien of this Security Ieasvument.t�ender's n eu the Pcope,rty amd Eorrower's obli�auon to pay the srau�s secured by
<br /> ghts u
<br /> � . �;':�,; this Security l�smiment shall contimie unchanged. Upon reinst��:s by Borto�ver. this se�ritY lnstr�ent arui t�e
<br /> ' obUgadons se��xl hereby shaU remain fu11y effective as if no acceler��.u�n 6ad occaaed• Hoae�s�,this right to reinstate sh�l
<br /> �� � �� . not apply in the case of acas?eratloa under paragraph 17. �
<br /> . �! .„ �': : 19. Sale of Hoi� �ge of Loan Servfcer. 'f'he Note or a paitial inte�+est in the Ndte(tagether with this SecurIty _
<br /> - - lnstnunent)may be sold o�e ar more times wlthout prior notice to$ormwer.A sale fiay resuit in a change in the enrity(known
<br /> � ` as the"Loan Servicer")that collects monttily payments due under the Note and thls Security Instrument.'t7iere aiso may b�orte
<br /> - � � or more chaages of the Loan Servicer unrelated to a sale of the Note.If there is a change of the Lozn Servicer.Borrower will be
<br /> � -� � � � given written notica of the change in accordunce witb paragaph 14 ahove aadapplicable law.The aatice will state the nams e�W
<br /> . � address of the new Loan Servtcer and the address to which payments shoWd be made.Tha noGce will also oontain any other �
<br /> ' • information required bY apPlicable law. ' •
<br /> ' - Z0. Hazardnus Substaaces. Borrower shall not cause or pe�mit the presence. use,disposal, storage.or release of anq
<br /> • � - Hazardous 5ubstances on or in ttie Property. Borrower shall aot do. nor allow anyone else to do.•anycbing affecdnS 11�e �
<br />_ . � �: propetry that is in violadon of any Environmental Law.'Ifze precadiog two sentences shall no�t ayply to the presence:use.or
<br />
|