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98108229
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Last modified
3/12/2012 10:58:52 PM
Creation date
10/19/2005 7:08:54 PM
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DEEDS
Inst Number
98108229
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,} „ ... . �- - -- -_. <br /> - _ -'`-�.—_.�, . . <br /> .. • "•---- —. <br /> P teiuy,.+-��`._ .............__�_ - -- _e._:. .._ . <br /> �.;AC1 s���. .. ..._. " -- - '- ` <br /> 9 _ ��c���s <br /> puyntents nwy�x�I�mgcr tk:nrquired,ut thu optl�snof l.e�tider, If martgt�go in�uruncc c►�vcrc��;c iin�iie nnmunt and Fi�r the peri�xl <br /> �hHi 1 crxier rp�.uirex� �r�vided by an insurcr upprosed hy l.endur a�;uin hccumrs uvuiluhlc mul i�.uhtuincet. fli.rruwer xhi�ll p;iy <br /> the y�r�wiumy rcqulred to mulntuin �tx�rtgage incurvK�in effcrt.��r to pr��v�dc n���sw rescrvr,until �hc rcquircment fonnurtgugc <br /> insuru�KC e►�1�In accordu�ceµ•�th uny written ugertm�nt t►ctwan F3arruwrr uiK! I,rnd�r ur applicuhle luw. <br /> V. InxpecNnn. l.cnder or itr. agent may nuika rcasunahfa entricx u{xm und iny�ctluns��I'thc t�mperty. I w;nder�ludl give <br /> scmowcr nntic�ut thc Unx of nr prlor t�wn insp�k�n�pecllying rcusunablo cuu�o for�hc ins�xd�m. <br /> 10. Condrmnstlon. Thc procccdh aF uny i�wurd or clnim for di�mugc,, direa or canticqucntful, in cun��cctiun wl�h uny <br /> cc►nd�mnation or nthcr inking af imy pnn of thc Pru�ny.or(or conv�yuncc(n Ucu of cnndc�nnutfan, arc hcrchy i1S5I�'flCII It11lI — <br /> shnll be psti(i ta I.endcr. <br /> In the event af a total taking of the Property.�he prc�ceeds shall lse upplteJ to thc�ums hecund by thie+Securfty Instrunxnt. <br /> whcthcr or not thon duo, with nny cxccss patd ta Bc�ROwcr. ln thc cvent aF u partiul taking af thc Property in which thc fair <br /> market value uf the Property immeAfutely beforc the tukins is equal to or grcuter thnn the amaunt af tho sums sccured by this <br /> Security Instrument Immediately beforc the tukin�,unlcss Banowcr und L.ender othcrwise ngree in writing.thc sums aecured by <br /> this Security Instrumcnc shall be raluced by the a»ount of thc procccdc multiplied by the foUmving fraction: (a)thc tatal <br /> umaunt of the sums secured immediatcly before ihc taking. dividcd by(b) the fuir market vulue of the Property immcdintcly <br /> before t[�e tuking. Any balsnce shal{ be paid tv� Bocr.ower. In the event of a�actia9 taking of the Praperty in which the fulr <br /> macket va4ue of che Propercy immediar,e[y befor�the tak6ng is le�s than the�ounc af the sums securcd immediately before the <br /> taking,unless Borrowver ae�d Lender aat►erwis��grx in writing�r unless appticabl.!ax othenvise pro��ides,the prix�s shull <br /> be applied to the sunts secured by this Security Irastn�mient whether or not the sums are tGe�due. <br /> !f the Propeicr i.abandanad by Borrower, �r if,after�eniice by Lender to Borrower tnat the rnndeinnor nifees to make an <br /> award�r settls a C7a�in for dum��;e�. Bortower fails to res��n.7 to L.etxter within 30 dc.ys aftec the date the �wii�e i�givCU. <br /> i.�txler i�authorixei�r'¢n ca42ect ani��1 appEy the pmc;als,at its opt;on,either to restoration z�m zcpair of the Property or to the sums <br />� �ecured by d�is Seci�ri-ity'.�iist:um2ri't.���ether Rrr,'rn9it}�en due. • , <br /> Unless Lena��:r nn�� Borrow�t•n23�aru�es4 zi�r,e in writing. any upplication af prcx:eYCls to prihlcaQ�a1�shall noj exBCne! or • <br /> postpone the due a1:�t•�1�C the monthlY puymcarn:+r��mrrd to in puragraphs 1 nr�c#2 ar chun�e tho atrtau�n��or snch paymouy�. ° <br /> ' 11.Bocrow'er ltiol Reltwset�l:,�'pe�wrs�►om:;By I.ende�r�ImS�+Ws�lver.Extcnsipn.aso a3�e time for�uyment ar�ri�3�r9icatiun . <br /> of arnortizatIon af the sums seciar�ect hS�this 5ecurity Instrum�ni granted by Lender ta�n��: suctessar In interest of H�oti�awer shaU <br /> not operate to relca4e the ii,abilie�� of•tht arigin3�f Hotrowez�.r Borrower's$uc�.�ca�c+rx�aso iau::r.st. I.ender sttall na be'req�3red ta <br /> . ��x�p�o�d�+��;1�+ainst any�'aCcessor ir��4n�es�s�or��iuxe[o exten�t+:aae for paye��lt or othetwesr�tnodifY amorfization <br /> of the sums securecd h�• tAis Seturity Insttt�rneri�+►y reasap of any demand•made by ¢he original �dr�rrov�er ar 8osrower's <br /> • ' successQrs in Interest.Any Forbearance by Lendu in exercis9teg any right or remedy si�ti91•N±t ba u;wai+�v:r c�f ot',�rcrlu�e the . � <br /> exercisc af any right or remedy. . - <br /> • 12. SuocGS.wrs nnd Asstgtu Bound; Jofrt and 5everal Lisbillty; Co-signers. '3'17t covenafiYs und agroemencs of this <br /> Security Instrunxnt shull bind and benefit the s�ecessors nnd assigns of Lender and Borrower. subject to the provisions of <br /> paragraph 17. Borrower's covenants and agrcements shall be joint and several. Any Borrower who co-signs this Security <br /> Instrumcnt but does not execute the YJote: (a) is�v—signing this Suuaty Ittsuument only to moRgage.grent end convey thnt <br /> Borrowcr's interest in thc Property undcr thc termg uf this Sccurity Instrument;(b)9s not personally obligAtod to pay the sums <br /> sxurod by thts Security Inst[umcnr,und(c)agroathat Lender and any uther Borrower may agree to eatend,modify,forbear or - <br /> m�ke any accomrnodadons with t+egud ro the teetins af this Securiry Instrument or the Note without that Borrower's rnnsent. <br /> 13. l.o�n CMr�es. If the loen sav�+ed by �his Securlty Instrument is subject to a law which�s maximum lan clarges. <br /> a�d that I�w is finally interpretod so that the inurcst or other lorn chirges rnllatod or to be collectod in cormectian with the <br /> laan exoeed the pemtittnd limits. then:(a)any such loan chArge shail be reduced b��the amount neo�s�ry to ndua the chu�e <br /> to the pecmlttod limit;and(b)any sums already eol lectod ttont Borrower which exceeded perfiitiod limits will be rcfanded to <br /> Borrower. l.a�der rnay choose to make this rcfend by roducing the principal owed urder the Note or by making a diroct <br /> poYment to Hotrowcr. If e rtfund roduccs principal. the roduction will bc treated as a partiul pt+epayment without �ny. <br /> pc�epayment charge under the lYote. <br /> 14.Notices.Any noticc to Homower providod for in tbis 3xurity Instntment shell bc given by delivedng It or by miuling <br /> it bX ficst eCus ma[t unless applicabla I�w roquias use of rtather method.'It�e noucc shall bc d[roctod to the Propaty Address <br /> , or a�ey o�her address Borcower darignates by ndtoo to I.�nder. Any nottce to I.endcr shall bc given by firsc cless mAil to <br /> � L.�nder's adelress statod hercin or�ny dher addras Lender designntcs by notic�e to Homnwcr. Any mtice providad fu�in 4h.�� <br /> ' Securiep Lt�tEVrx�snt shall bc damed to hive boen given to Bn►rower or Laxler whett givcn as provIded in ttus paragoph. <br /> 15.Go�rrptng Law; Sevenbflity. This Secarity Insuument shall be govemcd by foderal law atd ttte law otthe <br /> jaesdictioa in which the Propetty is locatod.In ihn event that any prnvision or clause nf this Sa:urity[nst�vment or the Note <br /> . oonflicts wittr applicabie law,such oon0ict shall not affoct other provisions of this Securtty luswmrne os the Note�vhich an be <br /> ' , given effect wirltiput the conflicting pmvlsioa. To ttiis end the pmvisions of this Security Instruma�t and the Note�re deciarod <br /> to be severabie. <br /> 16.8orrov►er's Copy.Borrower shall be givcn one conforttxd rnpy of tho IVote aiic�mf this Securiry Insttument. <br /> r•orm 3028 8►�0 <br /> ' , pp�4 of 6 <br /> . ' , <br />
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