|
' ' , �' � .s,, _..._a_.
<br /> i.i . . ..� - - _�_ _:'{:":'_- r... - -
<br /> .., .��.�. . - - — -- �,�
<br /> .. ,_i....._ . _ . _ _.._ _ --- -------
<br /> -. -�• : - v..
<br /> ._r�e.e.�..-'."'"..._ „_ — _....e.� f..:�_'� ' SIK�f'F_�YRf4HY?'v1llMt_9:L*-.NiYf!`�:k-= "'_'"-- '
<br /> -__--�.�. —___'_ ^^�^�^-c� —�.==—��m��a.w.._' ' " " "�_.—_'__
<br /> substand+�lly ec���ivAlent nx�rt�age insuranoe cuverage is iK�t rvailabio, 8orro�erz shall pay to l.ender euch nx�nth w sum equ�l to
<br /> orx�welfth of trie yauiy�ix�rtgage irou�prcmium being�id by&�rmH�e:r���t►en lhe inxurance coveruge�INp�ocf c�r c�e�►wcl to
<br /> be in effat.I.erxle�will uccept,►t5�enei retain these puyments us a loss resc:n�e in Ifeu of martgage insurunc�e. I.ozs rotierve((�
<br /> payments nwy nn�ongcr t�t reyulreci,at lht u�ion nf l.encler, if mongng�:insuraix�o ec►veruge(in tha iin�ount uael fur tlw pericxl�
<br /> thr�t Lencler reyuirex�pmvid�xi by s�n ittsurer opprovec!by I.eixler again l+i.�con�es a��Ailahle aixi is��bmi�it�l, f3orrowr.r st►ail puy
<br /> thc prerr�i.ums�equirecl to maintain n�nrtgade insurance in sffc�:t,ar to prnvide u Ims resrrvc,until �lic rcquireitixnt fi�r nr,nfi�8f '
<br /> ineur�nse�nd�in accordAnce with uny writtrn ugrarrxnt betwren)d�rrowrr uixl l.encler or applicable law. =^�
<br /> 9. Inspectlun. L,eoder or Its agrnt nu►y nwke rcuu�nable entrie�upan prxl in.pcctions of thc Propeny. l.encltr nhaU giv�
<br /> &►nower txiticc at the timc of or prior to an i�ispection,pccifying rcawmabld cuuso f�r tha intipcction.
<br /> 10. Cw►demnatlun. 'fhe pmc:cals of uny uwurd ur cluim fnr dunu�,r.s, dire�:t n:ci�nseyuen�ixl, in connectit�n wilh any
<br /> conclemnation or other tukfng of mty purl of'1hi� I�mpe�yy, n� iirr conveyance in Neu of coixicmn�uion, are here;hy assigixYl arxl „-
<br /> shall bc paid to Leixler.
<br /> In the evtnt of a totel taking uf�hc Pmpeny,thc prorecds sha!!be applied to the sums securcxi by 1hi�Security Instrument,
<br /> whcther or�x�t �hen dur, w�ith any exccs+pai�l t�� f�irn�wc►. In�hc event uf�partitJ �aking of the Proprrty in which the f•air
<br /> market vxlue of the Prnperty immailrlely before the taking is cyual to or gma►t�r than the a►m�unt of the sums secural by this
<br /> Secu�iq�instn�me�t imnxcliwtcly tx:foro�he taking,uidess Aormwct•tuxll.erxic�utherwise agra in writing,Ihe sums securai by
<br /> this S�curi�y Instrurrnnt shyll tx mciucal by the anxwnt of tlio ptt►ceetts mul�iplied by Ihc following frectian: (a) Ihe tanl
<br /> su�wunt of the sums securcd immallxtcly t►cfore �hc taking,divided hy (b) thc fair markct value of tfie Prnperty immafi�tely
<br /> t►efo� the teking. Any balancx shall bo puid t�► Ac�rrowc�r. In tha avent of a Ewrtial taking of the Pmperty in which the fair
<br /> markct vnlue of thc Pmperty immccilutely befor�the taking is les�than the umc►unt of the sums securai immodixtcly Ixfore the
<br /> taking,unlc.es Aormwer nnd L,ender otherwisc ngrce in writing or unlGCS applicable law othcrwise pmvides,thc prncee.9s shall
<br /> be appUeci to thc sums socurod by thi�Security instru►nent whether or not thc sums are then duc.
<br /> P,Ci:h�e Pmpeny is aba�xlonal by I3nrmwer,or if,after notice by [xncler ta Iic►rmwer that the coixiemn��r offcrs to nwlce an
<br /> :Iw�:a�: Wettic a claim fnr dnmugcs, Fiomnwer fnils w res�ixi tn Lender within 30 d:�.ys:►tter thc date the noticc is given,
<br /> T£S!�Pf T3»'.lt�l^I!�'='{'In r4IIM!�R����J'�I�11=��rMw/vlc gr ;tc prfinn�wjtl��r r�•rnw�nrp�i��n��n�w�Mlr nf�F;w Pr�mr�n�t��hn c��mc .
<br /> secutrd bg this Se��rity Lnstruimnt. whether or ttot�hen due.
<br /> [Jnless Leixlr.a• &�:xl Borrow•er othenvise agr.ee in writing, any upp�r.r.�i;i.vn of proceecls to prineipal shall not extend or
<br /> postpone the�ue data of the monthly paymen,ts ref.ecr.t�d to inps�ragmphs i aix12 dr ehange the a►rwunt of such payments.
<br /> � 11.Borrower Not Rele�.sed; For'ixar+�►nce B�1.e�#er l�al�V1'aivrr. Extension of the time for payment or modificntion
<br /> of artx�rtiza�ion of the suitu securcd by this Secur.i�jr lnsteu.rnent:gr.untal by L.ender to any successor in intercst of Borcowcr shall
<br /> not operate lo rcicuse the liability of the oriRinat�r.r.ower or 8orrower's successors in interest. I.e►xkx shall no�be roquined to
<br /> . co�nmence proceedings against any successwr in entercst or rofuse to exter►d time for payment or nthcswn ve malify artx�rtization
<br />=?; of the sums securai by this Secu�ity lnstrument by re.ason of any demand rt►ade by the origirral ��rower or Borrower's
<br /> _ , succe.ssa�s in interest. Any!'o�earance hy L.ernier in exercising an�� right o�romody shall �wt be a+M;;af,�;r of or prxlude the
<br /> exerciso�f su►y right ur remedv, ' ..
<br /> ' 12,�S�wccesec►rs and Assigns Bound; Jaint and Seva�nl Li�bllity; Co�signers. '�'.h,e.Covenunt��and agraments of this
<br /> Security Ar,yuau��na:sh'uS! bind enc! benefit the sr�ccessors arxi usigns af I.encler a�xi Rc�rrr:t�pr, subjcoi to the provisions of
<br /> paro�raph 17. �carr����•�:r's covenants and agrcc!mx:nts shall be joint und sc���rtJ. An��,�Aorrowrr '�'h��rca-signs this Socurity
<br /> - 1 L.�er��nr �S?.�wc ':::.5 nr�r��i��.Nnr�; f�l !c rn-cjo�!no t}�!c C.r�1ltiN nnlClY:tT1lVlf AIf���(1'fn 11YiHaP�RG? niAl� ATIfI mn«� fh�t
<br /> � �3orrowcS's Interest i� the Property under thc terms of this Sezurity Instrux�rc.:�;(M)is i►�,R�ner.�inally uk�li,;ated to pay the sums
<br /> secura�t.y�Ais Securiry Instniment•and(c)agroes that Lender�c1 any otl►ei��.�rrower rr��y ;r��roe to eatblid,modify,forba�r or
<br /> meke qt�y aCwnu�wdations with regard tu the term.5 of this Scc�:r,ta Tnst�urrxnt or the Note�41t�iout that Borrowcr's consent.
<br /> 13. 1,1iut Chnrges. If the loun socurai by�t.his 5ecurity'lnstrument is subjxt to a law which sds'atiaximum loan chargcs,
<br />.�;.t� •' , arxl that�lnw is fit�plby interprctal so that the iar,r.,iz;.yt or alher luan charge�t'�pl�xtod ur to be collecte:t' ir:r.'cunnoction with the
<br /> �;,; �loan ezceed the peror.n�rFttd limits,then: (a)any r;�aich.ldan chargc ahell be a�.2ce�.�1 by the amount neces:+���r;�io raluce the charge ;, '
<br /> ' '�j to tt� rmitted Urm t �nd(b)en sums alread•�; c�slectad frorm�ra:rower w4oirl�exceoded rmittod lir�aita will be rcfundad to '�'
<br /> tii, {x 9'� � Y . P� ' �
<br /> � •;•; �orrowee': Le►xler idiay choox to make this re�fiinc3 by rcdu�:ln.g the principal owai unde2�the 1Vote or by making a diroct
<br /> 'y ''�., paynxni to Bnmowcr, If A refund reduccs p�;iiripal, the reciuction will be tr+eatod As"a partisl pr�epayment without any
<br /> !' ,,'••� p�Wymenc ch,rge u�a�r�he N«e. ;. �
<br /> '-f,; , 14.Natkes.A'rs�� noticr to Borrower pro+•o�'cl�:cl:for in this Socurity Instrurrknt shall be giv�n by delivering it or by mwiling
<br /> it by tir�t cl�ss ma�l unless applicable law requjrres u:;e of another nxthod. 'T'�t notia shall be dirocted to the Property Addnss .
<br /> + oc any other address Bortowcr designates by'ncaticq to Lender. Any notice to Lender shall be given by first elacs mzil w `. .
<br /> t Lender's_address stated hetein or any other add#'sss�Lenderdaai�;+,�ntes by nutice to Borrq�vkv. Any notice provided for in this
<br /> �� Secureiy Ynstrument shall be deemod ro have bcr.n���3ven to BoC�rowea or Lender when giveir.a�s provlded in this paragraph.
<br /> ", 1S.•Govadag Law; Se�erabllity. This�'Sec�city Ins�n,u�Lr.t shall be goveme� �h•�;.fed�r�l law md the law of tho
<br /> �'; � ' jurisdiCti3'h in which the Propetcy is located_ 7r,e a`,e r.u�nt tl�aY r�iy provisiU�S oi Clause uf•'this Security Instrumex►t or the Note '' '��
<br /> �:_: oonflicts with applicuble l�w. such contlict shal:l,m�:.:��F�tet other provisionx;�t'th��5aurity instnunent or the Note which can t�e ;;�: .
<br /> �=: . giv�n o#fect withoui the conilicting provision.�i��c�r'r;s tnd the provisions d'f�his'Socurity �nstrument arxi,,the Note are declxrocf •�., . �
<br /> to b��c��ettble. � ; �`..
<br /> �i '��6,Borrowcr's Copy.Homower shall be given one confam�od copy of the Note a�xl��n•r�Sis Socurity Inatnimont.
<br /> �t�,�� 1?.'l'ransfcr o[the Property or s�Beueliclnl Interest in Ibrnower.If all or eny pait bf the Propetty ur any interest in it �
<br />`';'�::•`;� , is sold or trAnsferrcd(or if a benef cial intercst itl Rorruwer is sold or trrnPi�trcd and Borrower is not a n�tural pers�xi)witl�out r":•.,
<br />��>'�>•' �• L.ender's prior written consent, Lendor may, �t its option, i�quire intnprc�cli��?Z payrnent in full of a�p;sums securcd by this• � �,��
<br /> �'���'� � Secusity•Inurument. However.this option shall•r,o�ix exereisd by I.end�Crnu e,�tencise is prohibitod by f�ral law as of the date
<br /> � of th`ss Security Instntment. �
<br /> �f Lerder exercises this option,Lender shall give Borrou•�r notic�e of acceleralion.Th�.noticc sh�l provide a�x;�nc�d,of tat
<br /> + kss than 30 days from the date the notice is def'svtrcd �r mailai within which Borrawer must pay xda surtu stcti�,ct�•by this
<br /> ` ' Security lnstrument. If Borrower fails to pay thc'sc sums prior to the expi�atlon of this period,Lerder�r,�ac,�;�eokt an.y remalies ,
<br /> � x permitted by this Seeurity Instrum�nt without fwivther taticc or demand or�IE3i�raower. � , .
<br /> j ls. Ba�rower's R(Yht to Qtd�te. G�' '�li�rrower nxxts cea:d� y�„nclitiuns, Bnrxower st►al� 'f�tave thc right Ro have::
<br /> S enfoc+cernent of this'Sa:uriry Instrument discedei�uod at any tinx prlor i,r'n;���earlier o6: (a) 5 days (or such otherc�h.ri4id.as:,�, .
<br /> � applieable law may sptrify for reinstatemtnt) before sale of thc Propeni}y� ipursuan2 a�;, any power of sale co�xaic���i ic,:c9:is�;� .
<br /> ,j Socv�'ity Instntment;or(b)entry of a judgaaenh�esforcing this Security[tesi:irammant,.'1'ha�t�r conditions are.that Borrower: fa)pa�r:�.; ��,
<br /> I,err6ec all surns wh�ch then would bo d�ae va�?!er�t�R15 SCCUfItY IIIStfURIGnf.:1r,d t'!�C NOtC AS lf t10 ACC�ICC�ti00 h�tl OCCUifCd; !m0 .•
<br /> �" currs any defauCt a�f any other eovdna►xs�yr s��;recmtnts; (c)pays sE� ea��nses incumed in enforeing cFcis Security Instrumrol, '
<br /> '�� inclu�ting, 6ut riot limitet!tv� m:axr�ny5l�e;u'��t-orncys'fees; and(d)t�krs sau,:';�.�rtion as Lendcr may reasanably require tn ass�•ir.e
<br /> ! c�4at tt�c tien of tl►is Sc�:urit}�n��stn�i�racnt,�ue•nJer'.s rights irs tt�F'ronetty ancl Bonowcr's obligation ro pr►y thr.s�n.s,�sr�eurod�y •
<br /> tN�eE Sccurity [nstrumcnt sh:�lG e."v�;nue u,^��ahged. Uj,rvort i�einstatcnxnc by Bonuwcr, this Security Inui��nerte ;un� eE�e
<br /> _L�.__.'___' �J L__L.._L�II��«.. � �5.11�.�CC:..... �L r.. ......�1......�:....I....J........�....1 [I.....�....� �1.:.. w..L�• ..'L�[I:
<br /> � wu�auvuo x�v�w�K:eev� aum��a.•..:i�. �u�.) ......�. ' ......�..+..v.................�w..w. ......e. . ...��.g.�. ..,....,..,....,�.,.�..�.
<br /> ' not apPly in thc casc of uxelcra!ian undcr puragraph 1'1. y � .
<br /> 19. Sale of Nott; �Change o[Loan Serviccr. Thc Notc or a partinl interest in thc Notc (togetl�er with this Sccurity :.
<br /> Instrument)may bc sold nnc or more times without prior notice to Borrowcr. A sale may rcsult in a change in the entity(known
<br /> a�thc "I.nan Scrvicer")th�►t�rolla:t�monthly paynxn�s due undcr thc Nutc atxl this 5ccurity instrwncnt. 'i'hcre also may bc onc ,
<br /> or more changes uf the L.oan Scrvictir unrclated to a sale of the Note.If therc is a change of the l.oan Servicer, iiornower will be
<br /> givon written notice of the cha�ige in accurdance with parxgr,�ph 14 above arxi applicable luw.The notice W�ill state the name�xi r..
<br /> :Kkl�s uf the ixw LAwn Servicer :�i�l the acidrcss ro whirh puyments shoul�i be nuxie. The iwtice will ulso contain any other �
<br /> infurnwtiun rcyuirctii by applicablc law.
<br /> 20. H�rdous 5ubsirnces. Bom�wer shall tx►t cuuse or pemiit tht �resence. use, dixposal, storage, iir rclease of any
<br /> Hwerd�ws Substances on nr in the Pn�perty. Bonower shall nat do, cior afluw ai�yone clsc to do, anything affctiting the
<br /> Pruperiy that is in vi��lr►tion uf uny Envimnnxnwl 'Law. 'The prcr�ling two scntaxrs shall not apply to the pnscnce, use, or
<br /> storage on �he Pro�erty of snu�ll yuantitics�if Hat:►nl�w� Sub�t�nces that are generally recugnized to bc appropriwte to rarnittl
<br /> rcsiJential u.scs:�ix!w nuintcrwix�: ��f thc Property.
<br /> rw•��o�+ Form 302$ 9180
<br />
|