|
� . _. - =- ._ - ... _
<br /> .
<br /> . _ _...._..��....� .._.�_,.... . � ,.,. �
<br /> .. . ....sa......... . � �_ ._ . .
<br /> -- .e... . - -- - - - - - --- - — -----
<br /> - -. .. .:...�.,_.:. .
<br /> , .. ., . ..y, ----
<br /> ,..'^.�■■�Im�.sart:.�_ -- ---�— -- � - -- _ _
<br /> �y,_._. N�.L � �....�a«,�. — —
<br /> rut�tinti�if9 equl���ent ino�t��e in�urance covera�e is�x�t aveilsble,Barrower sJ�nall puy tc�Lender euch month a sum equal lo
<br /> o�x�-tv►�e1lth af tlxs ytuly nx>�ipRe iiuur+uice�remium t+ein�p�ld by�rmwer whtn th�insurance cnvei�a�e i��a1 or cexseci to
<br /> ' t►e iA ePfert, l.eoder wili�cep�,uae u�d rct�in there p+►ymentR ea a losa rtservo in lieu of mongu�e insur�nce. Loxa rc�rva �
<br /> pay�rbr�tr mwy n�longcr 1+erequirad,rt�ht uption of I..anJer, iP mctttga�e insun��cr,rnverage{in the amrx�nt wnd for thc perial �
<br /> , �hxt l.rndcr reyuirc.!{iruvidrd hy an insurer apprnved by l.cixler nguin txconxs avui�uble and Is'obtai�xd. &�rmwer shall pay e
<br /> the premiwns rcqulrccl tn rru�in��in mort��sc InsurxncC in effe�:t,or to�ravicle a lu,s rc.serve,unlil thc requircmrnl for mortgege,
<br /> insurrrx•t ernlx in rc�rtd�ncr wiih any written agnxnxnt betwoen Rc�rn�wer a�xi L,enJer or app!Icable tuw. '�"•
<br /> � 9. Inrpectlan.!-eixler �r its A�ent rrwy muke rea,;on�blr entrio�upon a�xl ins{xcl�uns c�f thc Pruperly. [-ender shall give •
<br /> &urowur txKi���t the liitx of or prinr to rn inxpecNan specif�.ing rr:►u�twble cau�for Ihe i+�spection.
<br /> 10, Conde+�nHlan. 'I`tx paw�recl�oi'Nny awrnf or clxim tor Jdmages. dlrect ur rnn�equCndul, in cannec�ion wUh uny
<br /> conJcmnadun ur othor tuking of uny{►urt of the i'n�perty, or fi►r crnvcyuncc in lieu�nf co�xlemna�lon, s�rc t►etcby a,sigrx�d aixl �
<br /> shall lxs p�id to LxnJcr.
<br /> ln the event of r total taking of the Prc�peny,the prcxceJx shall be applled io thc sums securo�i by ttds Security Instrument,
<br /> wheihe�or not then due, with tily r,xcess {wid to &tim�wer. ln the t��t.nt uf u punial tul;ing af the E'roperty in which thr. fuir
<br /> r.mrkt± ��alue of the Prapeny immaUately beforc thc takinp i�aqual tu or greutcr�han tUo unxiunt of the sums secura!by this
<br /> Se�:urity Instrunxnt immaliately before the tAking,unicss Aormwer Atxl Lencicr othcrwisc agr�iii w�iting, tht sums serurec!by
<br /> this Sau�ity instrument shall be raiucal by the airxiunt ni'Iho proceeds multipliaf by the fnllowing fr�x:tion, (a) tha total
<br /> amcwnt nf the sums ticcurai imnxdiyttly brfore the txking, divldod by (b)the fuir n�arket vulue nf tf►e Pmperty immodia�tly
<br /> bzf�re the txking. Any lwlunce shAll t�e ps�id ta Bormwer. In thc c��cnt of u partia! taking af ttx Pmpeny in whioli Iho fair
<br /> m�rk�t valua of the Propeny immodlately before the taking is Icss then tho umnunt af the sums securai immodialely►xt'ore the
<br /> taking, unless Bormwer and Lendcr othervvise agrce in wriling or unless applicablc law otherwise provides,thc�rr*.ioecxis shall
<br /> be applicd t��he tiums secwtid by this Sau�ity Instrument whcther or rx�t thc,ums are then duc.
<br /> � If ihe Pto(xny is abAnclonecl by Bormwcr,or iF,aRcr noticc by C,encier to Borrawer that ihc cmxlcmnor affcr,s�r,o ma�ke an
<br /> awrrd or settle a cl�.o� for ciunages, Borrower fsils to rcspoixl to L,en�cr wilhin 3U days aftc�the data the �xNke is aiven,
<br /> Lender is authoxi�,od:tn rollai arn�a�p1y the pmceeds,at its opann,elth�tcr restorntion.or.rcpair of the Property or tu the sums
<br /> �cx,~�.read by tbi.�Saw.ri.iy F,nai.r,ument,v.ix�hor or Txn men due.
<br /> LJnlless l.er.idar ar�cf, !Aolro�wer, oti�crwise agrec in wr,iki:nK. ekty tJ(,i��.ICJaCi(}iT Of Fri:Q,^fG�i l6 principai st�a!; e� cxernd ar
<br /> Aostpcm�s r,t+�du�e Jate of tt�moc�,titly PaYmcpkx t�e'frrra!10 i.n.�'�'8rat�li.s T:a�Ml:2 or change the+ur�un�of such gwymcn.ts.
<br /> ��,�or�qMrer I�f�ok ltde�eed;FOrbarancc�y 1.emkr'na M VY�liwcr.Fxtensian of th�time for paK�naent ar�ficatias
<br /> oF�urionizn►ion o6 tf�sums securod by this Security Instrument grantod by T.�nder to uny sucexssar im�nce�est of Borr.ower shxRl
<br /> rat oper�te to releasr,the liability of the original Bormwer or, Bormwer's sucoessors i�ir�►erest. L.enc�er s�t�l!not be coquirod te
<br /> eommcncx proeeatings against any succassor in interest or itef.u.se to extend time for paynxmt or d6erwise mc�d�efy amcxtization
<br /> of the sums secured by ti�is 5ecuriry [nsttument by reus4�t of�tny dtmancl mwdc bg the originali Bormwrr Rr, If�,isrower's
<br /> successors in intertist. Any fotbaarance by Lender in exercibiRg any right or temafy sbal�not tae a vv�iver oF or Tr�raude the
<br /> �xercist of any right or cemedy. �
<br /> �2. Succeeeors �nd Asclgns Bound; Jolnt �nd Several Li�bifiity;Co-si��x�. Tho covenants and agreements of tF�ix
<br /> Security Instrument shall bind and benefit the successors and assign� of Le�xler nnc3 Aarower,subject ta the provisions of
<br /> parngraph 17. Borrower's covennnts and agraments shall be joint and xveral. Any 19iorrower who co-signs this Sec�arity
<br /> Instnimcnt but does not execute the Nae: (a) is rn-signing this Sexurity Inst�u�nenR oe�1y ju mortgnge, grant and convey th�t
<br /> BorrowePs intercst in the t•roperty unaer tix eerms oi�his Sxurity In,irw««c,i`o'r;s+���� �or�cr.:!y a�;igsud t���ihe ss�
<br /> securod by this Security InstNment;and(c)agroa that Le�der aixi any cxher BoKrov�¢u KR����nSree to exta�xi,modify,forbeu or
<br /> mak�any accumr�xxtntions with regard to the ttrms of this Securiry Instnimtnt oe dae N'bt�e H'�thout iha[Borrower's cQrwent.
<br /> 13. [.o�n Clwrges.If the lnan securcd by this Securiry Instrument is subj��t ecr a Gbw which sels ni�cimum loan charges,
<br /> and tliat law is Gnally irnerpr:texl so that the intercst or other loan charges col�ected!cr���i.he m11et:Ted ia�conixeti�ir�wuh the
<br /> loan pxceal the permitted limil�;'�then:(a)any such loar►Ghnrge shall bc raluced by�cha.�s��c?unt netestiary to c+edycc thc chuge
<br /> to tl�c:permittod limit; and (b)�i}�y sums alrwdy collxtal from Aarrower which excadeii,pcnnettui linlits will hc refundod to
<br /> • BocM�W�r: Lendcr mny.choose ta:mekc this rcfund by roducing thc principal owod under thc I�e�tc qr by mrking ; diroct
<br /> „ psym'e�itt to �rtowr.r. If a refund reduces principal, the rexluction Kil! be treatod es a panial prepaymeM withcwt any
<br /> ;f, ,,,, prep�}ytt�eut chaige utider tha Note, �
<br /> ���,q;;!iudces.Ac�y ratice to Anrrower providod for in this Socurity 7nsti`ument shall be given by deliverin$it or by m�iling
<br /> ' it p�.t�rst.�class mail unless apptirable law rcquires use of ai�othcr method.7'he ndice shall be dircct4d to the Property Addras
<br /> . or��. ather address Bomowe� dtsignotes by nntice to•L.en�der. Any notice to Lender shall be given by 4rst clsss mail to
<br /> � I.endeE's address statai herein or any ather address Lendcr clesignates by notic� to Borrower. Any nc�ticc provided fur in thia
<br /> " Seeurity Insttument shaU be deemai to havc been given to Horrower or Lender when given as proviAal in this parag�`aph.
<br /> 1S.Gaverdn� Lw; Severability. This Stcurity Tns{ri�mant shall be governod by foderal �aw,und the law of the
<br /> jur�id9etion in which the Prop�rty is lceated. In the evrnt thnr'any pmvision or cl�uso oF this Sauriry Inslrumen�or the Note
<br /> coriflicts wi�h npplicable law,suCh oonflict shall rat affxt t�t�ier}irovisions of this Secutity'(nstrument o�the.NatG�vhich can be
<br /> givdn,effect without the oonflict�ng provision.To this end,the ptovisions of lhis Securlty rnstNment and the Nnt�:uie declued
<br /> to be sevenble. �. . . ,. , ,.
<br /> l6.Bi►r�r►ryer's Copy.Borrower shal[be given une corifonlfed copy qf the Note Anil nf'thfr�Sycurity�Instrument.
<br /> - 17.Tra�t,er of the Pivnerty or�BenedN�l Interest In Borrower.If all or any p.►tt of the 1�'ro�icrty or any interest in it
<br /> is solci or tran§ferred(or if abonefipial interest in Borrower is sold or frnnsTerrod and dorrower is not a rwtural person)without
<br /> . l,n�kr's;�prior,written consent, Lender mxy, at its option, roquire imrnediate pAyment in full of all sums securod by this
<br /> ' Sec4j�r:t,i.l�.itrument. However, 'this option shaU not be exercisod by Lender if exercis�is prohibited by foderal law as oF the dete
<br /> � of thrs Secwhty��nstrument. ' �° '
<br /> �• �� If I..erxle{�,!exe.rclses this option, Ltnder.si►all give Borrower notice of ucceler�atiun.'fhe notia shall provi,de a period of not
<br /> � less than 30 ddys,��am the date the notice i� deliverai or mailal within which Borrower must pay �ll sums securad by this
<br /> ; Seci�r,�ly Ioatrument. If Borrower fails to pay thesc sums prior to,the expiration of this,period,Lender.may invoke�ny remodies
<br /> per,'ni.i�'�:tid by this Security lmtnV!�+:►ent without funher ratice or Jenwnd on Barowcr. ��
<br /> 1 ,, ,(!�, Borrower's Rl�it;Qrt, Rr.instate. If Dorrower mats artaim m�ditions, Borrower shAll have the right to have
<br /> �,� cnfortrment o6 ttss,�Socurity Inscroment discontinued at a�►y time prior to thc earlier of: (a) 5 da�s (or such other period a5
<br /> �� � applicable lavv�'�ur.i,�r 9pecify(or reinst�teu�wrrn) befuro sale of the Propcdy pursuant to any p�ow'�,.�aF sale containod in this
<br /> �;� ' � Sece�rity Ins!t��reni;u�r(b)entry of a jud�mrrrs"enforcing this Security Inctr�7ment.Those condicyort� s�re�at Borrower:(a)pays ,; ,
<br /> [,ender.�II su���.5y}dch then w�o►e[d be due under this Security Instrumed�ir�1d��he IVc1tG�,if rp ui;cEleration had occurrod; (bj.� ..,, ,
<br /> � " careb��iny def1�t of any other covenants or agrermeK►ts•,Fr),pays all ex�i�'s ine�n,r,r'r�cl in'�r��n;ti�n�:lais 5ecucity Ynstrumcut,
<br /> � incqu�;��,uqs,irut�1c+t�limited to,ret►sonable att�rneys' Fors:�l,m,l��d)�akcs�::tu:� actio��ai.5;i,un�iex,t�i,e),•tsasonably requir�ur assute
<br /> ' th�t the"Ifen:��ft u�i0a Security lnstniment, L.endsc's rip.Recs��R•�l*�+e Prup�r�t':�,6c�rrow$�''�s,,;;5h�ln���,�aad�ti�PaY the sums secu►�ed Er�r
<br /> thts 5ocurit}• Geasr��ument sfwll continue cceoci�;�ngacl. Upon reinstrtk�rmnt �*y Borrow:'t'�'�.�i:�:�trr`•.nt� Instcument and the
<br /> ak,l;snions ucutett hereby shall rcmain fall'y ctT`ectiv�ss if no acc�9�rr..ar,�.�.ii,�}.ad �xcum�d. �#o'+,v,�t,:,�.,�t'r,rs righc�o roinscaco sb�.�
<br /> rae:r�,ply in the case of acceleration under parngrapb t 7. � � ,;�� � '• :�;� � .
<br /> 19. Sde of Note; Clunge uf Lown Srrviccr. 'Til'n�Note or a panial inret�se tra�:i�r,e Note (together with this Socurity ^
<br /> Enstrument)may be sold one or more times without prior noticc to Borrowe�r. A sal'e i��ir;��zsult in a changc in the enti[y(knawn
<br /> as th�"Loan Servicer")that mllats monthly payments duc urxfec the Notc nixl this Stcurity Instmment. 'There+�Iso may be one
<br /> ur mom ch•rnges uf the Luan Servicer unrelated to a�le of the Note.If'there is a change of the I..oan Serviar,liorrciwer will be
<br /> givtn written notice of the change in srccord�mce with paragraph l4 above and applicable law.Tl�e notice will state the name and
<br /> a�idrcss of the new l.�n Servicer and the:�ddrcss to which payments �hould be m�xle. The notice will also contain any aher��'
<br /> infc�,rmation rcquireci by applicablc law.
<br /> 2�, Hlaxar�ws 5ut�st�ncts. Borrower sl�all not cause or permit the prcsence, ux, disposal, storage, or rslease of any
<br /> l'�'aT:�rciouh Substurkes on ur in thc Prapetty. &�rrower shall nat do, nor e!!ow unyone else u� du, anything nfYxting the
<br /> l?�2>>�e�t3�•tliue is in violation of any Environrnentnl Law. The prcceJing two sc:ntences shall not apply tu the presence. use, or
<br /> tito�abu on thc Property ot'smxll quuntities uf Harardous Substances ttwt are generally rocognizod to bc appropriate tu norn�al
<br /> n�siiil•ntial uses arxl to mainunancc of iho Property.
<br /> P�y�E�ot 4 Fo.m aoza ano
<br /> .. _._... - __.
<br /> _._ - _ _. ._. . _. __.
<br />
|