|
� .. -+nsar.�xrq�r �w�r�
<br /> '��1i'F} "yAA� �IV/'(It!-
<br /> ,.,.;,. ;-+�+"�i�,' ,;�,.,t,.,� ,.._._
<br /> � � Yd:,7k.5�Y�R� ---. -
<br /> ' ..p�'�1�_ � .�..¢�.sd.A;t�I'=� � „�,1�"S lA . — _
<br /> �t_s�.t.r� �a��• il�ineaai,+
<br /> ' �ut��tUntic�lly c��uivulcut muiz�!��gc insur:►nco cuvcri►!;c is nm uvnU�iblc. Hnrru�vcr�h►dl pap tu lamder cach munth u ywn cquid to
<br /> ' �iije,-l�vclfd�of Uic ycar)y mi�rt�;nga ins�u•ancc pn`miunt hcinp �uld hy Burrcnvue whrn thc imunmrc r�w�•�����: ���p�r�+������,�a e��
<br /> � t►c in cfTcct. l.cndcr�kil l.�cccpt.u,c una reu�in thc�e puymcnt,uti :i lu„ rr,crvc in liru uf' mun�ugc IIISUrI111C1'. IA114 rc.rrvc
<br /> " paymcnt.nti►y nu longcr t�e rcquired.iil thc upiian ul'L,cuAcr. ii'murt�;aibc in,urancc cuvrni�c lin tlic:un��unt nnd Fur Ihc perf�xl
<br /> thiu l.endor rcquirc�l pmvid�d hy an in+ur�r apprnvcd hy Lcndrr ag��in hccuntcti uv��ilublc unJ iti ohtainrd. Hurr��wcr�hull pay
<br /> ' thc pramiumti rcquircJ[n mainlain mungn�� in+ur.uirc in cff'crt,ur tn pruvidc a luti,rcuu�vc.un�il tl�r rcquiremcnt lirr nwrtgugc �
<br /> insurance ends in necnrdance�vltli uny wntten ug�rement hetween Iiurrower and Lender i�r npplicuhle I:iw. y
<br /> 9. Ins{xctlon. l.ciidcr ��r its agcnt nu�y mukc rcatiuiiahlc cntric� up„n nnd intipcctiuns uf thc Pra�nrty. Lcndcr ,hi�ll givc
<br /> Horrowcr nodcc iu thc timc of ur priur to an insEicctian�pccil'ying r�u,onnblc rau,c fur tl�r,in+{x�ctiim.
<br /> 10. Cundemnutfon.Thr prurccdr nf'any award ur d�um tur dumugc�. dircrt ��r cunscqucttdul, in cunncctinn with any�
<br /> condcmnution ur othcr tukmg ut un��purc��f the PruFxi�y,ur G�r �nnv�yan�� in licu uf�undcmnation. ;irc hcrcby u��igncd,ind --
<br /> shAll bc paid to Lcndcr.
<br /> [n the event of u tott�l tuking uf the Property, the proceed,shidl hr applied tu the.ums�ecureJ by this Security ln�trument,
<br /> whether ot not then Jue, with any cxccti+pu�d ti� B��rrrnver. ln thc event ul'a paniid ruking of the Pmperty in which the fuir
<br /> mnrket vuluc of thc Propeny immediutcly beforc the tukinb is cqiud to or greutcr thun thc amount of thc sums,ecurcd hy this
<br /> Sccurity Instrument immediatcly befnrc thc taking,unletiti Bormwcr und L.endcr athcrwise agrce in writing. �n�.u�»����ur�a ny�
<br /> this Securiry Instniment shall be reduced by the amaunt e�f[he prcxeecl� multlplied hy thc tiillowing fraction: (n1 the tutal
<br /> umount of the sums secured immediateiy before tlic tuking, Qividcd by (b)the fuir rourket vuluc af thc Property immeciiately
<br /> before the taking. Any balance shull be paid to Borrower. [n the event uf a purtinl taking of the Peapeny in which the fair
<br /> market value of tn�Property immediutely before Yhe taking is Iess thun thc amount af the sums securcd immeJiately beforc the
<br /> takinF. unless Borrc��+cr and I.cnder othcrwise agrce in writing or unless applicuble luw�therwise providcs,the pracccd�+shall
<br /> hc applicJ tu thc+um�+e�urrd hy thi.S�curity Intitrumrnt wh��thrr nr nut thc sum,urc then duc.
<br /> If the Property is ubandon��1 by 8orruwcr, ur if, aRer noticc by I.cnder to Burrawer that thc conJemnur offer,tn muke an
<br /> award or settle a claim for dumages. Borrowcr fail.r• to respond to I.endcr within 30 days uftcr chc date the notice is given,
<br /> L.endcr is authorized to collect and apply the pmcecds, ut its c�ption,cither to restorntion or repair of the Property or to thc sums
<br /> secured by this Seruriry Instrument,whether or not then due.
<br /> Unless Lender and Borrawer othenvise agree in writing, any upplication of pra+ceeds to principal �hall not extend or
<br /> postpcme the due date of the monthly payments referced to in paragraphs 1 and 2 or chan�c the amount of such paynient�.
<br /> l ll.Bormwer Not Releusezlt:Forbearunce By I.ender Not a Waiver.Bxtension of 9he time for payment ur modification
<br /> of amartization of the surns secur.J by this Securiry Instrument granteJ by I.ender to any�urcessor in interest of Bor.R�wer shall
<br /> nat operate to releatie the liability of the ariginnl Borrnwer.tir Borrower's xuccessnrs en �nterest. L.ender shall nat he required ta
<br /> cammence proceedings against any successor in interest or refuse m extend time far pnyment or otherwise modiiy u�ort3lation
<br /> of the sunts ,ecurecl by this Secunty Instrument by reason of nny demnnd made by the original Borrower or Barrawer's
<br /> suceessors in intere.st. Any forbearance by Cxncier in exercising any right or remedy shall not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Successora and Assfgns Baund; Joint and 6evers�l Liabiqty; Co-signers. The covena�nts and ogreements of this
<br /> Security [nstrument shall bind and benefQ ahe successors and assigns co�Lender and Boaower, subject to the provisions of
<br /> pararraph 17. Borrower's cavenants and :�greements shall be joint and several. Any �orrower who co-signs this Security
<br /> Instcument but dces not execute the Note: (a) is co-sigmng this Securiry Insaument ou;y to ���o7gag�. grassi and ronvs;tttet
<br /> Bonowcr's interest in the Property under the terms of this Security Instrurnent; (b)is not personally oblisatcd to ay che sums
<br /> secured by chis Securit� instrument:and(c)agrees that Lender and any other Bonower may a�ree to extend,modity.forbear or
<br /> make any accommodations with regard to the terms of this Security Instrument or thr Note without thut Barrower's consent.
<br /> 13.I.aan Charges.If the loan secured by this Security Instrument is subject to a Inw which sets maximum laan churges,
<br /> and that law is finally interpreted so tNat the interest or other loun churges collected or to be cullected in a�nnection with the
<br /> loan excced the permitted IimiGS, thcn: (u) uny tiuch luun churge shnll bc rcduccd by the umount nccessur� to recluce the churge
<br /> to the permitted limit: und(b)uny sums ulready collected from Borruwer which exceeded permittai limits will he refundacf ta
<br /> Borrower. Lender may chc�a�e to muke this refund by reciucing thr principid owod under the Note �r by making a direct
<br /> pxyment ta Borrower. If :► rcfuixi reduces principal, tlic rcJuction will be treated a, c� purtiul prepayment with�ut any
<br /> prepaymcnt chargc under the Notc.
<br /> 14.Nottces. Any nottce to Borrower providcd for in this Security Instrument sh111 be givcn by deUvering it or by mailing
<br /> it by tirst clws mail unless applicuble law requires use of another method.Thc noticc shall be dlrected to thc Propeny Address
<br /> or nny other nddress Borrower desibnate� by notice to I.ender. Any notice to Lender shnll be given by fint class mail to
<br /> [.ender's address statad herein or any other address Lender dcsignates by notice to Borrower. Any notice Provtded for in this
<br /> Security Instrument shall be deemed to havc bee:n given to Borro�ver or Lendcr when�iven as provided in th�s paragraph.
<br /> 15.Governtng Law; SeverAbiltty. This Security Instroment shall be governed by foderal Inw and the law of the
<br /> ' jurisdiction in wliich the Property is located.Tn the event that any provision or clause of this Security Instrument or the Note
<br /> conflicts with applicuble law,such conflict shall not affect uther provisians of this Security Instrument or the Note which can be
<br /> given effect wlthout the mntlicting pmvision. To this end the provisions of this Security Instrument and the Note are declared
<br /> to bc severable.
<br /> 16.Borrower's Capy. Borrower shall be siven one canformed copy of the Note and of this Security Instrument.
<br /> 17.TranSter of the Property or e Benet7cia!Interest in Borrower.If all or any part of the Property or any interest in it
<br /> is sold or transferred(or if a beneftciul interest in Borrower is sold or transferred and Borrower is not a naturul person)without
<br /> Lender's prior written consent. Lender may. at its option, require immediate paymejn in full of all sums secured by this
<br /> Security Instrument,However,this option shall not be exercised by Lender if exercise�c prohibited by federal law as of the date
<br /> of thts Security Instmment.
<br /> If Lender exenises this option, Lender sha11 give Borrower notice of acceleratian.The notice shall provide a period of not
<br /> less than 30 days from the dnte the notice is delivered or mailed within which Borcower must pay all sums secured by this
<br /> Security Instrument,If llorrower fails to pay thtse sutrs prior to the expirstion of this period,Lender may invoke tu►y rcmedies
<br /> permitted by this Security Instrument without further notice or demand nn Borrower.
<br /> 18. Borrower's Rfght to Reinstate. If Borrower meets certuin conditions, Borrower shall have the right to have
<br /> enforcement of this Security Instrument discontinued at any «me prior to the earlier of: (a) 5 days (or such other period as
<br /> upplicable law may spccify for rcinstatement) befom sflle of the Property pursuant to any power of sale contained in this
<br /> Security Instntmenr,or(b) entry of a judgment enforcing this Sc.�curity Inst�ument.Those conditions are that Borrower: (a)pays
<br /> Lender all sums which then would be due under this Security Instrument and the Note us if no acreleration had occurred; (b)
<br /> cures any default of any other covenunts or abreements; (c)pays all expenses iiicurred in enforcing this Security Instrument.
<br /> including, but not limitai to.reusonable uttorncys' fces: und(d)takes such uction as Lender may reasonably requirc to assure
<br /> that the lien nf this Security Instrument. LenJcr's rights in thc Property and$orrower's obligation tn pay thc sums secured by
<br /> .w:.. co,....s�.. t..�.��.Y...,,� �h:�u rnntinue unch:uiecd. Upon rcinstatcment hy Born>wcr, this Security Instrument and the •
<br /> nbligations secured hcreby shall rcmuin fully effective a5 if no accelerution had occurred, However, this nght to reinseate snaii
<br /> not apply in the cuse of accelcration under paragraph 11. '
<br /> 19. Sale of Note;Change of Loun Servlcer. The Note or a partial interest in the Note (together with this Security
<br />� Instrument)may be sold one or morc times without prior notice to Borruwer. A sale muy result in a chunge in the entity(known ..
<br />� as the"Loan Servicer")that collects monthly payments due under the Note and this Security Instrument. There also may be one
<br /> or more changes of the Loan Serviccr unrelated to a sale of the Note. If there is a change of the Loan Scrvicer, Borrower wiU be
<br /> = given written notice of the change in accurdance with paragraph 14 above and applicable law.The noticc will atate the name and
<br />— address of the new Laan Servicer and thc address to which payments shauld be made. The notice will also contain any other
<br />= information requircd by applicable 13w,
<br />— 20. Hazurdous Substances. Borrower shall not cuuse or permit the presencc. usc, disposal, storage, or rcleasc of any
<br /> � Hazandous Substances on or in the Property. Bocro�cer shall not do, nor allo�v anyune clse to do, anything affeeting the
<br /> Propeny that is in violation of any Envimnmental Law. The preceding two sentences shall not apply to the presence. use, or
<br /> storage on the Property of small quantities of Ha�•rrdous Substances that are generally recognixal to be appropriate to normai
<br /> � residcntiul uses and to maintenance of the Property.
<br /> � Papo�o�.� Form 3028 9190
<br /> ,�
<br /> .
<br /> � -- �_..._,..,.,,..s.a.,•--��.��,.e...�:.�....—� _
<br />
|