|
¢.4�^�� _ . ��'�i:`i.4Yit �..�RT._;.__F t � �
<br /> . . . .._ . _ . .y
<br /> .. ... ..�.�_.� ' ':..�_.�.._.
<br /> • �_ . :, ,_ �. . , ..�-:.. '{- T _ •
<br /> . . . r . . .._, . ..
<br /> �C Si��, i' . � � _ �. . 4 �- . ' . _ f t. tJ�' � _. . r� ..
<br /> k �a �
<br /> .
<br /> . . , _ _
<br /> y , �_� � .. ." � '.,- v _ _ .,.�r r.q• i`,�a s 7.
<br /> . .�•..�-�` `
<br /> _ � ,
<br /> � .—� —j--c�— — -
<br /> .,_
<br /> ...
<br /> .'
<br /> �
<br />.�6.,� `�`P"!T ,, i. r.. . �..t�—A Cr :`.�' ^G,i�.S sLr ���. � _ _ _ �
<br /> . . ..
<br /> .
<br /> _ _ • • r _
<br /> i _�.:.: � . ��_:.�...^-wtn ..... �.�.a:� .
<br /> ����
<br /> - c,� '.r,�
<br />. -- � —, - . � k ' _ ..
<br /> - saI}srsnteally equivalent mortgage insurance coverage is not available.Borrower shall pay to Lender each manth a sum eqtial ta =
<br /> . `�..:���.: •.• ;'�; one�t�eelftts of the yearly atortgage i�uurance premium being paid by Borrower when the�nsutance coverage lapsed or cr�sed to� �•.
<br />. ,�,: ' � 6e in effect.Lender will eccepi.use�ttd re�ain these paymeats as a lass reserve in lieu of mastgage insurance. Loss seseive� �
<br /> ' � `. paymenu may no[ongex be requiced�:at che option of iRader. if mortgage insurance coverage(in the amount and for the period.� �°
<br /> :�.�r�_ :°�f�, , that Ixader �quizes)Pm�eid�d by an ansusec aPProved bY t�da ag�beooiues availabte and is obtained. Borruwer shalt
<br /> ~ � <<. , the premiums requmeci to maintvt�mortgage insurance u►effect.or w provide a loss resene.t�ntil the reqniiement for ma ' �;
<br />.�.� .� .:", insuranoe ends is acoordauoe with any written agreennent 6et�vaen Borrower.and l.ender or applicable law. �
<br /> t -'��� 9.Ia�ection.I.ender orit�uge�may naake re�sonable eauies upon aad iaspections of the Prope�ty.,l.ender sha11 �;,
<br /> �aa
<br /> �'2 • ' Borrower narice ai the time af or prior ta an�nspection specify�ng reasonable cause for t6e inspection. —
<br /> :< _.`��, 1P.Cond�natFan,'I1�e prooeeds of as�y award or ctaun far damages. dinri or conseqa�esmat.in connection with �•.
<br /> ='���: -;�-..` " comt�an or ather tatoing af any part of the Propercy,ar for conveyance ia.Geu of coiWetnnation,�e hereby assigned
<br /> `n." shall be paid to i.ender. . ��_.
<br /> �� � � Iu the eveat of a mtal taldng of the Pmperty,the pmoeeds shal!be appli�d to the sums sec�red by this Se�rity Instsumen� �- :
<br />. .. ' , 9f''� , ':� !..
<br /> •___'�r'""�' whether or not dten due,with aay excesspaz d to Bornowet. In the eveat of a partial taking of the Property in wluch the fair ,.,
<br /> .;�: . � tm�k�vatue of the Property iwn ;arPty 6efoie the taking is equal to ar greater than tfse amouat o€ti��ss secvrert hy lhis . ��•
<br /> _ _ '� . �;:`�.., � . m a t�s:;�s secui�d b�r
<br /> > ,-&ecurity Instr�ment imme�tely before the taki.n u�t�s Borrocres and Lender ot6ecwise agree' writiaa . '. �;
<br /> HY "� " =., figis Security Instnement shalt be reduced hy the ariratmt o£ tLe proceeds muldpiied by the fol2o�ring�i��. i�:�t�ital k.
<br /> :•r�'. - "�.;�aonnt of the sams secused immediatety before the ialting.divided by (b)the 6ir market value of the gtr�3y it�fi�xly v
<br /> . ���.:.�`efore the taTcing. Any balance sdall be•paid to Borrower. I n t he event o f�a p a rt i a 4 t a k i�of the Pro p e r t y m which�tf,�fair _
<br /> �': �.-.,' . . inar[cet value of the Property immediatety before the taldng is less tban the amount of the sums secur+ad immediatety before the
<br /> . • .• taking.unless Borrower and Lender othemise agree in wriung or unfiss applicabte taw othera+ise prc+vides,the pioceeds shall _.
<br /> , , .:��.�°,:�` 6e apptied to tbe sums secured by this Security Inswment whether or not she sums are then due.
<br /> . F.. ,.� If the Property is abaudnned 6y Bor[ower.or if,after notice by t�endcr to BorroKCr that the conderunor offers to make an
<br /> ` ' �' ' award or settte a claim for damages. Borrower fails to respond to Lender within 30 days after the date the aatioe is giveo.
<br /> � ' � �".��t: Lender is atnthorirxd to coltrct and appiy tke proce�ds.at its option.either ta resiorauon ar rcpair of[4ie Property or to the sums . _
<br /> . ,�`" � ' � • securf0 by this Securety Instr�ment,whether or not then due. •
<br /> ` ' ��� •� Unfess Lertder and Bornawer.otherwise :�rce in writing, any appiic�tion of procecds to prirtcipal shap not extend or =_
<br /> '� << �• � os n�e the due date of the mon1W ayments referred to in patagraphs 1 and 2 ar changc the amount of such paymeats. , -
<br /> - . �,�",�,�''. p �1L Burranc��Not Rdetued:�urbesuttrtce By i.eadcr Ptat A�Yuivcr.�xteavon of the timo for payment or modificauon _
<br /> ,� - °,�:' of anwrtizatian aF the�ums secured by tbis Security[nstNment grant e d by lender w ar►y succr��ar in int�rest of Borroa�er shall
<br /> -. � .,� • not operate ta rcleasc iM liability of the orig[hal Borrawcr ar Borrower's suuxs�ars in intc►est. Lender sh�li not be req+liced eo . _
<br /> ,� j�'� cammence prooeedings ogainst any surt�essor�n intereat or refuse to eatend time for payment or otftetiwise modify amortization
<br /> of the sun�s socured by this Security Instrument by reasaa af any demand made by the ariginal Borruwer or Bornnwer's
<br /> ' � ���•:.''�'� � sucoessora in interest. Any forDeatance by Lender in exereising any r�ght ar remeQy s�al!unt be a wniver of or pmciude the
<br /> . • . , . � :• eaercise of any�i�t ar remndy.
<br /> ' ' ,� 12.Succ¢.ssors and Asdgas Boandi Joint aad Several L iabUity.Co-signers. Thc coveaauts and agseemeuts of this _
<br /> , -, .. ::�:�'' � Securiry Instrumeai sha!!bind azed benefit the successors and assigas uf LenQer and Bornower.sa6jert m the pravisions af
<br /> . . I• :.' paragraph 17. Borrower's oovenants and agrecmeats shall 6e joiut and several. Any �orrowet who oo-sigas this SecurIty
<br /> ' �; �<� �.;' instrument buc does not eaecate the Note:(a) u rn-signing this Security Instrument only to mortgage,�Snt and coavey that
<br /> Bonower s interest in the Property uader the tertns of this Security Instrument:@)is troi personally ab3sgated to pay the sams
<br /> � secund by this Secvrity Instcumenr and(c)ag�ees that l.ender an�d any other Borrower may agme to exterr�;�od�Fy,forbeaz or
<br /> • a
<br /> � . • ;.;:<< make arry aocommodationg with rzgard to the terms�of tlus Secudty InsUivment ar the Note withaut t�t BOr:��''s m�m., ,
<br /> . L3�aan Ctia�ges.If tUe loan secuced 6y tfris Security Instcumeut is subject ta a law which sets ma�Soa�shargea,.
<br /> _ . � aad th�Iaw is finally interpreted so that the inter�st or other toan charges coitected or to be coltccted ia connection wIW�the•
<br /> ,r'�; �loan eaceed the permitted limits,then:(a)anY sudt loan cbarge sball be red�ced by the amount necessa�;�o reduce the charge
<br /> _ _ . to the permiueA limit.and(b)aaY soms almady co42ecte�from Barrower which exceeded permitt�lirati��;a�itl be refuaded to =
<br /> ', ' � ..-;,;''.�,` . . Borrower. Lender may chaose to make th�s refund by redncing the pttncipal owed nIIder tt�e Nat���v�.�Y �� a dicect -
<br /> ' . ;:,,),f;y, ; payment w Borrower. If a refund reduces principal. the reductian w�'Il be treated as a part�I:;.�syment wrtt�out mry
<br /> . ' ,:��v�' �fe;:� prepayment charge under the Note:. -
<br /> � •`����f?t4= .• ' 14.Notic�.Any notice to Borrawer provided for in this Security lnswment shaU be given by�;�vcing it ar hy mai(ing
<br /> �.`,� :•:`';';":� ' �et by first class mail untess applicable 2aw nequires use of aaother method.The nntice shall6e dic�.�3�:c�Progerty Address --
<br /> �, ���' `�," • "�or any other addtess.Borrower designates by ��e to Lender. Any notice to Lender shall 6e give�!i"�?,ficst•claa�ss mail to
<br /> � :':'�`:;-; � I.ender's addr�ss stated herein ar any other addr�s�Lender desi$nates by notice to Borrower.Any not�r�cvvided foT in this .
<br /> '. - S Instniment shall be cleemed to have been given ro Borrotver or Lender when�iven as prav�ded faidi��tar-a h:
<br /> ' � ..�.:�aoverntmg Law; Severa@�ty- 'Fhis Secariry. Instnurs�nt shall be govemed by federal,ta� ;�d �L����r pf tRe
<br /> :' . '��,':;.;, ; : ' �urisdicuon in wtiich ti�e Praperty is locate@. In tti�evenf that aay provision or clause of thls 5�:�'�riument t�:�e'Note•
<br /> . �. confifcts witb applicable 1aw,such oont3ict shalt aci affect other provisions oF:„iais Security Iflst�vmeest Er•..M.�Note which can 6e .,
<br /> given effect without tDe contlictin�Fr�oyiston. To this end the provisiona a��'i�Securiry Insuumeee�;the IVote are declared
<br /> --_-=��.;,���,+T= � � to be severable. � ,: . �
<br /> • .. �«�;,...: 16.Bormwer s Copy.Borm��r��.'iaU be given one canformed copy of the Note and nf c�is Se�ity Inmument.
<br /> ••i9sa7���• � 17.1Yansfer of the ProperQ3:dc r�Baceftdal Interest in Borrowes.If all or any part oF the Pro�erty or any iMerest in it
<br /> �'�� ��` � is sold or transferred(or if a berteticiai interest�a 8osower is sold or traasfen+ed and Borrower is tcatc�.��atu�a�petsun)without
<br /> � .` ..�ty�. • �,
<br /> •" "'��`� '•:��• Lender's prior writ�y oonsent, Lender may, at its option. rec�uire immediate payment in.full o�rl:C:�Yns secared by this
<br /> , ' � •• � '��`�,•'.= Security�I.nstrumenc.�fotvevet,this option shall not be e�cercised by Leruter if exercise3s protubited ts�;f�9.�i law as of the date
<br /> � ',i���lf;.;.;.. ; . oftI��rxairiry Insuument. '' -
<br /> � 1 l��.ender eaercises this option.l.ender shail give Borrower notice of ac:celeration.The notice sE�a'%,�x}��lide a pertad of not
<br /> ' �:�`�r�' •°`� tess than 30 days from the date the notice is delivered or rnailed withia whictt Borrawer must yay�sti�E�c�ns secar�bq•,ihie ,
<br /> � . ,,:.t,�:•.., . -
<br /> �� .; ,,;,•,_,��,.� _,� . �. , `. Security instrument. If Horrower fails to pay these sums prtor to the eapiratton of this period.lxader.�iu�g•i..vo24�any teme4i;es' .
<br /> t��'}"� � ' permitted by this Securiry Tnstmment without further notice os demand on Burrawer: �. �
<br /> '�`'rt�������� � l8. Borm�vEr's Iti$ht to fte3nstate. If Borrawer meets cectvn canditions. �iorrower s�':Qii'ir�tR� right to have�� .
<br /> ���'�' � ' enforcement of tIvs Security Instiument discontInued at any tiirte prior to the earliec of�(a�S daya(or sach other p�rivd ias•; �
<br /> ' � applicable law may specify for reinstatement)before sale of tha Properry pursuant to •aear ppwer•of sale cunwinad iin��tAfo
<br /> F.,.:� . � . 5ecnrity Instrument;or(b)entry of a judgment enforcing this Secarity tastrument.Those canditiona sue that Borroweri{a��pays
<br /> � Lender afl sums which then woutd be due under this Security Instrument and the Note as if no aocelerntion had oocurred:(b) _
<br /> �° � �� cures any defautt of any other covenants or agreements; (c) pays all eayenses iacurred in enforcing this Seciuity Instrument,
<br />- ., • inctading, but nat limited to,teasonabte attorne�rs' fees:and�d)takes such action as ixnder may reasonably requ9re to assure =
<br /> . • that the lien of this Security lnstrumeqt. Lender s rigl►ts in the Propeny and Borrower s obligation to pay the sums secured by
<br /> �: • this Securiry Instrument shall conUnue unchanged. llpon reiastatement by Borrower. this Security Insmiment and the _
<br /> " obligations secured here6y shall remain fully effective us if no ucceteration had occurred. However, this right to minstate shali _
<br /> ' . ' ' nat apply in!he case of ecceletation under paragraph 17.
<br /> " - ` '�' 19. 5We of Note; Chang�of Los�n Servieer. The Note or a paRial lnterest in the Noto (tcgetlt6e�aiith this 5ecu�iry .-
<br /> n :
<br /> � Instnunent)may be sold oae or moce times without prior notice to Bon+ower. A sale may resutt in a chtunge�in the entity(icnown -
<br /> . '' as the"Lonn Servicer")that collectv monthly payments due under the Note and this Security lnstnurient.There also may be one .
<br /> -• or more chAnges of the Loun Service�r unnetutcd to a sale of the Plote.lf thete is a change of the Loan Servicer,8otrower wilt be �
<br /> .�,°�;?. -- -. . given written notice of the change in acoordanre with Paragraph 14 a6ove andapplicuble Iaw.The notice wiil state tka�aame and
<br /> �+''" � address of the new,�.nan Servicer and the addms�to which paytnenta shoutd be made. The rcouce will also rontetn any other
<br /> ��:E.;,,:�,,:{: ,`_.
<br /> ';:r:'w� r.
<br /> ?..,;;I;y���,���E� ' ; info�on�requa�S aPP��.��wer shall not ca�e•or�p�tzait the preseace.use.disposaf. stotage.or relsase of arry
<br />_ ''j,1):,;'. ��.' Ha�aiciaus Substances on or in the Propertgi. Borrawer�shtilPinnt��do. no� allow anyano e1se to do. anytt►in��flectmg tbe
<br /> ' ��'��!� � pruperty that is in violation of any Environmentut Law.Tha�pt+�a�ding two sentertce.c sIw1I notapply to the presenee.use. or
<br /> -- ------- ntarage on tha cs�smill�rantities ssF Hsrsodou.:S�that are;e�e�afly recognize�f to he a;mr�uiate to nom�al
<br /> ge�t af!
<br /> • � residential uses�maintenanae of the Property. �
<br />_ - - vaqoaote '� ��� 9��
<br />_ �o • . .. �_ - ----'--
<br />
|