|
, ..,�„�,�:'M1��.......,-. . . , � �
<br /> ..,.,,.�;.�.,. .. .
<br /> . xti �f. .
<br /> -. �� s2{a��-4 Y/yl�, - .. .
<br /> • _
<br /> .. " . t ..,� -._.- ._ __-.. -_..
<br /> ' . _ .:-..<.�.o"'.�l . . ...... . .._ . _..
<br /> ..._. _..__ _._.. _. . _. ._.. _.. .. _. .
<br /> 98-ic�szs�
<br /> �ynxnlF nu y no lot�ger tw re.quirod,+�t thc nptic�n�t'l,enctcr, if nxinsngc ins�irnn�:e caver�gc(in the�momu etxl for tho�eriod
<br /> tFuu l,e�xier recJuir�sl pmvldod Ny wn inxunr appmvrd by l.cnder e��in txcc�mes avdl�ble unci Is nbtMincd. Bnrmwer stull�y
<br /> ttb pnmiumx rcqulraf tn maintxin nwng�►gc Insurwnce In effect,ar ro pmvide a lo�s rcserve,until the rcquirement for modgage
<br /> inst►rnnce ends in�rd�noc with rny written�gramcm t►etwex�Barmwer�ux1 I.an�kr or ppplicahie I�w.
<br /> 4.Inspecllan. l.c�xicr or its agent mny mal:e reasnnnble entrie.9 upon anel inspections of tho Propctty. I.c�xler shall give
<br /> Borrawer natico rt the Unx of or prinr ta an inspoctian spexifying rwxmable caus� f�x ilx ins��cti��n,
<br /> lp, Cmtdeinruitbn, 'i'he pmcooclE of eny pw�ni or claim for darn�ges, direct or conscquential, in connection with any
<br /> co�xfemrwtioi►o�•ahrr rxking of any pnrt of'the Ymperty.or for rnnveyanca in lieu of w�xlcmnAtion, nro henby nssigned nnd
<br /> shall be paicl ta Lender.
<br /> In the e�ent of a tc►tal tal;ing of thc Pmperty,the proceafs shall be appliod ia the sums sccural by this Securlty lnstrument,
<br /> whethrr or not thcn due, with nny cxcess j►aid to Borrower, ln tl�e event uf a paniol ta{;inA of thc Amperty in which the fair
<br /> merka value af thG Prc�perty immodistely before the trking is a�ual lo or gr�ater tlwn die unx�unc of the sums securcxi:Ay�3�is
<br /> Socudty InFtrumcot immodfately befo�ne�c iak�n�,u.nlcss Bomower and L.�nder othenvise agroc i.it.writing,th�e sucn5 saruraL I�y
<br /> this Security Insttutnent shaLl be ratuced: by iJi�arnou.ir�;aC the rirocaeds multipll�d 6y tte� fol[�win� fr.�ctiorr: (aJ I)x tcn;al
<br /> emount of.t�e sums socu.r.ed. imxn�xEEa�e[y txfvn;t�e r.aici.r.�g,�.�vidcx�.by(b) the ftii�markrr,valu,e af t[�r;I�ro�:� im�n�dial�e6y
<br /> be�ixe th�txki.�, A,n�r ba[a�noc sha[I:lx�tcr&ar.Tx�w�r.Ait the evGnt of a partid t:►Jc1ng�f. tl,t�: Arc,per4y,i,n whicF� the L•i�ir
<br /> markct value nf.the PropecYy i�rue�ad.i�c�6y beFore the taking is f.es..,:A�han thc amount of Me surm:•;::,ylred immediately before t,he
<br /> tal;I;sg,ur�:.�:.�,[iuccuw�er. r�iaender otFierwise agree ite w�itic�,c�n��rrr?:�3ss appiic�t�ie ia`+v vci:ne�����;r�e�pj�ovidcs, tlk,procxds st".;!!
<br /> be�pplied to tlse surt�s sec�cr.rx!bY this Sec:urity In�►.iurnena:whethir,,,r r.ot the sums.an r.Li�n dy�u..:.
<br /> If the P�r,�cny is�bandoned by 8orrower,or if,�ft:ernotic��h�.l.ender to.Bcrrrower eha�t;r.�e��ndemnar offers ta rnke an �
<br /> award or scti:�e a claim for damagas, �rrowcr fai6.a ta Aapo�.�..�LFndar wi�hin 30 dnys afilir�thc dt�te the notice is seven,
<br /> I,cr►der is authorizod to rnllect And apQl��!ro p�nc.�oods.rt its c►ptioa,, e•iiher to rcuoruion or repnq�r,ti�f the Propeny or to Rhe s�u�mq
<br /> securedi by this Security Instrument,whether or not tl�en due. :�.
<br /> Unless [.onder and Borcower otherwise �qrce in writinR, anY appllcation of proceuds to principal slvJl tat extentl, •�Z
<br /> postpone the doe dete of the monthly p�yments reftmed to in pscagraphs 1 and 1�r ch�u►ge ehe amount of such�wgments., .;, ,
<br /> 11.11a�rnwer Nat Rdtased;Forbearanee By I.ender Not a Wdrer. Extension of the time for p�ymcnt or modifi�'nt�4n
<br /> of unortiLtion of the swns secut+ed by this Savrity Inttrument grantai by Lender�a tn�y succe,ssar in interest of Bomowea shall
<br /> not operate to release the lia6ility of the original Borrower or Borrower's succasars in int�eresr„K,ender sludl not be vay�!:r��}to
<br /> ' com�e proceodinga against any successor in inter�t or refuse to extend teme for paymenR'�:roiherwise modify unorcica•t�on
<br /> � •of she u�ms se�curod by thi� Socurity Instn►mrnt by rca.wn oF any demu�d made by the.oaj�inai ►�ortowa ar Boaowri.
<br /> ; sucaaeors in interest. �ny forbearaix�e by Leader in exereising any right or retr�edy shal!nc►t�l�e R waiver of or proclude the
<br /> exercise of any risht or remody. � .
<br /> 12. Sw.�oeesors aad Asdgro �u•rd;Jolnt snd SererAl ���3�sbllky; Co-d�naa. 'Ibc pd��.err�nts �nd agrecmenkt'i+S this
<br /> , Security Instnima�t stwll bind and beneft the successoxs end assigns of Lader u�d Bomowur. subject to the pruvi9i,�i�:s of
<br /> ;' �ar+�gr�ph 1?. Bomower's rnvenants utd �groements sFull be joint and sevaal.Any Borrower who oo-signs t�is Seatrity
<br /> ' ;•:tn�ttumcnt but doa not exerute the Note: (�) is oo-signing this Security InatNrrxnt only to mortg�ge.grant and oonvry th�t
<br /> Borrower's interest in the Prope�ty under�he terms of this Security Inst�umern;Cb)is �at,per�lly obligoted to p�y tbe wtrs
<br /> secured by this 5ecurity Insauma�t:and(c)�►groac that L.ender md�ny otl�a�Borrower may ag,ioe�to exuad.modify.forbear a
<br /> mdce any�000mmod�cioqa,with regan{to the temu of this Sacurity l�t or t1�e Nota witFieut th�t Homowa's conaeot.
<br /> " 13. Lo�a ClMtr�.l�'•Rhe�oen secured by this�Securiry Instn�ma�t is subjoct a Y I�vv which sets maxi�r�um loan c}urga, �
<br /> Lad th�t!�w is finRUy at�e�►etod so lhat the interest or otltor lan clurges collected or to be rnllected in eau�edion wlth tFie '
<br /> loan exoeaA'nb►e..peme�tted�limits:dxn:;(x).�nY such lan charge shsl!be reduaed by th�amrn�rR nrassar5'to radua the char=e
<br /> ta the permirttt�d aimir�nd (b)any st��i�s a�7RSSdy mllocted fram.�%m!r.roau which aooulqct��r.�:•rn�it►ed limits will be refutded w
<br /> . gorrowe�, 'L;inifer may choose to mi�ce�this refund by reducin�.;the principl owod und,�er,tl�t Note 9r by mrring �diirax
<br /> .' 'paYmpn to Borrower. If�a refund reduas principwl. the roduaion will be tnui�d ss�a'partial Prep�Yma�t without any
<br /> p�MY�G�B�unckr the Note. -• '
<br /> 14.l�iptica.Any notia to Aorrower provided't'nt in this Socurity Instrume�tahail bo jy.ep by delivaing it or by m�ilin�
<br /> it by ffrst e1:ass mul unleas applicable law requires uso of u�other method.The notice sh�t'�e ilitoetod w the Propaty Add�
<br /> or any otti�� n/droas Borrower designates by notic�to I.ender. Any notice.to Lrndri K�sill be giva� by fint class mail W
<br /> � �" �,[.a�dtr's address stacod hecein or any other addrex;r,i!,em�der designptes by c►catw� ;ta�f}orrc�woz:ilny naia provided for in thie
<br /> `�� "xcuriry Instrumait sh�ll be deenaod to hsve been givrn to Borrower or[.ende,rwEt�en�ivem ts�provicled in this pRt�c�h.
<br /> `!�'��� 15.Gorer+tln� Law; SrveraWlky. This Sncurity 1nsUucrGenl:,stu11 bo�d�erned;'.�ti.; .`c�denl law ud the law of the
<br /> �`''?���"jurisdiction in wtich the Property is located. In the event thnt ad�;rr,�:rayiaion or cl�u�e qf,�dhi�'Security Instrument or the Note
<br /> .�i',`,•. oontlicts with applicable law,sueh crn�atin�t stwll rat affoct Mher px±o<<3yions of�hes Set�u7t��Ihns�tr�man or the Note which ean be
<br /> �;:. �.�iven ePFect without tht�onflicting pr��a�ision. To this end the provision§of thl� Secpriry���hylrurnent a�d thd Noto u+e deciarod ,
<br /> _ ';s•.:,to be sever�ble. ' ' � ' '� , '
<br /> • li.�axower's Capy.Bormwrr fhall be given one mnformod copy of�lte:�":xr Yi.�'.ki�'1�1#,A Socurity inst�ument. ��,.. .
<br /> - ,' , , ' , � " �.1� Foea 3��!! `yll0
<br /> . ;�:. �,.
<br /> royo.s�or�r. . ,
<br /> �
<br /> �1 .._. .. . - --- � - -- — - - -_ _ . _
<br />
|