|
„-� �.
<br /> ., -,.: �'�'�,..
<br /> . . ,. , ..•,•�.
<br /> , -_;�
<br /> ,, i , ” :;_.'.�;._� ____
<br /> .. �: . �� .�ra:,_�s
<br /> .<.�a�•_ ., u , ..��+��x1.+r�'�tf�Jrc,i� _;„,-:
<br /> y • , .�.� .. .��• �'+:.�::I�'•.••� � • •
<br /> . . g7- 1(�6�'�1 .
<br /> nt tho option oi l.endor, if mortgago ineuranco c�vera�o (in thp amnunt. end for tho penod that n er requ�res) ,
<br /> pravided by an ineurar approvod by L.ender agein becames availabia and is obteined.Aarrowcr ehall pay tho premiume :
<br /> required to maintain mortgage insurance in ettect,or w provide� e la�s reservo, until the requirement tor mortgage .
<br /> .,4,� ineurance ende in accordnnce with eny written agreement betw�n D�rc�wor and I.cnder or opplicable law.
<br /> 9.Inspcction.I,ender or its�gent may meko reasoneblo entries upon and inspoctions of the Property.Lender ehall
<br /> „�,,,,,,�w give Borrower notice at the time ot or prior to an inspection specifyina re�saneblo cntuo ior the inspection. • �
<br /> 10. Condemnatioa. The proceede oi any awerd or claim tar d.amnges,direct ar consequential,in connection with
<br /> � � eny condamnntion or other taking of any part of tha Property,or iar convoyance in lisu of condemnation,ara horeby -
<br /> ., essigned and ahall be paid to Lender. '
<br /> In tho event of a total tnking of the Property,tha proceedA shRll be applied to the sume secure.d by this Security
<br /> Instrument,whether or not then due,with any excess paid to Bacro�var.In tlte event ot n partial taking of the Property in
<br /> which the fair market value of tho Property immediately betaro tha t�sking ia equsl to or greater than the amount of tha '.
<br /> sume secured by thie Sxurity Inetrument immediately beforr tha tak'sng,unless Bonower and Lender utherwise agree �:`.
<br /> in writing,the suma securcd by thie Security Instrument ehell be reducod by the amount of the proceeds multiplied by �.t.,
<br /> . the following fraction:(a) the toul amount oi the sums secut�ed immediately before the taking,divided by(b)the fair
<br /> market value of the Proparty immediately bcfore tha taking. Any�belenco shall be pa�id to$orrower.In the event of a
<br /> partisl taking of tho Property in which the lair market valua ot tha FrapertY immodiAtaly before the taking�s less than
<br /> the amount of tha sume secured immediately before tho takinII,unlsss Borrower and I.ender otherwise sgree in writing
<br /> or unless applicable law atherwise provides, tha proceeds shall be applied to tho auma secured by this Security -
<br /> Instrument whether or not the sums are then due. �:•_
<br /> Ii tho Property is abandoned by Bonower,or if,after notico by I.ender to Borrower that the condemnos mffers to •�_,�
<br /> �,:,'.,i;; '��f make an award or settla a claim for damagcs, Borrower faile to rQSpond to Lender within 30 daye after the date the `��:. ..
<br /> ,.I_.
<br /> • � ' notice is given,L,ender ie suthorized to collect and apply the proceeds,at its option,either to restoratian or ropair of the l.�Y:
<br /> Property or to the sume secured by this Security Instrumant,whothc+r or not then due. aT
<br />- Unless L,ender and Borrower otherwisa agree in writing,any application of proceeds to principal ehall not extend or ,
<br /> . postpone the dua date of the monthly paymanta referred to in paragraphe 1 and 2 or chunge the amount of euch -_
<br /> . � .;, paYmente. �_-
<br />_ � ..;�� . 11. Horrower Not Itele�sed; Forbearmce By LGnder Ncnt a Waiver. Extension of the time for paymeM or —_
<br /> s;,,_
<br /> _ iitt7�ifICS2t:,n af a:.�artixsLion a!!hs s�!ms���r!m� hy thig Securi.tp Instrument granted by Lender to any successor in
<br />= � interest of Borrower ehall not operate to release the liability of tha original Bonowcr or Borrowcr's successors ia
<br /> a�� • interest.Lendor ehall nat bo required to commence proceedings a8ainst any euccessor in interest or retose to extend
<br />�.c`:;�, , ";+ time for payment or atherwise modity nmortizetian ot tho auma sxured by this Security Inatrument by reason of any
<br /> ,--:�+�'� demand made by the original Borrower or Borrower's succassare in inurest.Any forbearance by I.ender in exercieing
<br /> " ` "•�'�'`` eny right or remedy ehall not be�wniver of or proclude the exarciao of eny right or ramedy.
<br /> w�s3���'�� 12. Succosaors �ad Asai�as Bouad; JoiAt�nd Sevarsl Li�bility;Co-ai�ners.The covenante and agraments
<br /> __°.�;:�...
<br />�-�"�� of thie Securtty Inetrument ehill bind �n�' �xnofit the sucooseore and�esi�ne of L.cndor and Borrower,subject to t �
<br /> �'.:,.•:_
<br /> �,;:R���� provieions of paregraph 17.Borrower's covenmte md�groemonta ahall be joint ind severel.My Borrower�ho co'signa
<br /> �.:,�...._.-,.,,
<br /> -��,--.- thie Security Inetrumont but d�xs not executo tho Note: (u� is co'siQnin�this Socurity Instrument on y to ma gago,
<br /> ��Y.=.� .1 i �
<br />��-;y.:;,��;;,�� Qcant and convey that Borrowere interest in tho Property under tho urme ot thie Security Instrument; (b is not
<br /> _.,;y_:
<br />_��-�,._ pereon�lly obligated to pay tho eume securod by thia Security Inetrument;and (c)agrxe that Lender and sny ot er
<br /> _ �"� - BorcoNCr may a�ree to extend,modify,Iorbear or meke any aocommodstions with regard to the 4erms of this Security
<br /> �•'"'T�� Iastrument or tho Note witAout thRt Borrower's consent.
<br />�``'"'��°=�'''-� 13. Loaa Chartea. It the loan secured by thia Security Instrument ie subjoct to a 1aw which sete meximum lotn
<br /> --'-�="'� chargoe, and that law is �inally interpreted eo tha�t tho intorGSt or other loan charges collected or to be collectod in _
<br />�`��� connxtion with the loen exceed the permittod limite,then: (a?any such loan charge ehnll be reduced by the amount
<br /> —:�.��.� necessary to reduco the charge to the permitted limit; end (b) eny eums already collected from Bonower which
<br /> excaded permitted limits aill be refunded to Borrower. I,endor mny choose to make this refund by reducIng tho
<br /> ---�,�--�,�,''�—.z� principal owed undor tho Nou or by mnking e direct paymant ta Borrower.It e r�fund reduces principal,the reduction -
<br /> Y_v_� will be tretted as a partinl ptepayment without any prapaymont cherge under the Note. _
<br /> ..Y^�::,
<br /> 14. Nottcos.Any notice to Borrower providod for in thiaSxurity Inetrum�ntehsll be given by delivering it or by
<br /> ._;�;;__, mailing it by licet class mail unlrss applicablo law rcquires uso of another method.The notice ahall bo dirxtod to the
<br /> '�`�� Property Addresa or eny other eddress Bonower d�isnatas by notice to Lender.Any notice to L,ender shall bo givea by _
<br /> ,;''�, ''t�� first clase mnil to L.ender's address steted horein or any athtv address Lender designates by notice to Borrower. Any --
<br />�'";.'����: notice providcd for in this Se�curity Instrument shall be daemod to heve boen given to Bonower or Lender when given —_
<br />-:*, . as providod in thia paregraph. _ _
<br /> �-'`�'' � 1S. Governin�Law;Severability.This Sxurity Instrument shell be governed by federal law and the IRw of the . _
<br /> - � � � jurisdiction in which tha Property is located.In tho evont thst any proviaion or clause of this Security Instrument or the _
<br /> ;�i,, ' Note conflicta with applicable law,such conflict shall not affoctother provisions of this Security Instrument or the Note _
<br /> - which can be given effect without the conflicting provia:an.To thia end the provisions of thie Security Inetrumenx and
<br />- the Note nra declared to bo severable.
<br /> � F�r�n S0�
<br /> _ ti.};•.. �—aR�lE�ro2i�ao� n�t�a •�� Initlals:
<br /> �
<br /> , __ _._,:� � ,
<br /> � - --
<br /> . ... . . . . _ .. ... .. ,� ... ��� - - - ,�j`:
<br /> . . . .
<br /> .. -
<br /> . i t'.C.�4aw' . `...
<br /> _ �t�. r ..-�ir.41 kYtl� , . � ' - .
<br /> . �,
<br /> .. . . � . � ��(1 . - .
<br /> o .1l��(:�: �
<br /> �, ..
<br /> � � . _ _ __
<br />
|