|
�„ f�,i• _. ."f��'r.��.:e. �4Ki,iji�`Si.:�.• . �.sj`�..y t-j._a �N-- . %y�i•S:._ s, �.-� P.:���c�:
<br /> ' �dr� y,..4v,.t T.it� -t i r�} �' � �h� �.r ..r -�2�: � � },}���r'•..L.f .
<br /> 1 t �.lti�: .i `� . . l . ( j : t �j? 1 7t n�
<br /> - � ,1 • ....} • � li/:, 2c�r ��'�f'F�3�i•Vl:�t..
<br /> t' � L �.. �� . . . � - ..
<br /> '"�"• , i . . . �
<br /> . , �
<br /> . .� .. . . . . . .
<br /> �t �... " _ . ..,,.. - .
<br /> ..�
<br /> •. . . . ..;,s. .,- ,. .
<br /> . - -�
<br /> !1J ��,� . . .� . ., _ . , . .
<br /> hi . . . ' .�-�'--'-_'•'----°.,..'--"-'-----"'.... -'_"----'-•--_"_.---_...���
<br /> _ — ._.'_ �..�.'_..""......' � .
<br /> �'-
<br /> 'substuntially equivulent mortgage lnsurance covcruge is not uvailnble,Borrower shall pay to I.ender each month a�uen equuf ta �:.
<br /> one-twelfth af the yearly mortgugo inr�uram�:premlum 6efaB pald by Aorrower�vhen the insurance covera�e Inpu:d or cea.sed ta �
<br /> i bc in effect.[.ender will nccept, use and retaln thcwe puymcnts av a lo�s reserve in licu nf mortguge insuriutce. Loss reserve =
<br /> pnyments may no longer be required. at thc optlon ot'l.ender,if mortga�c insurnnce cavcruge(in the nmaunt and for the period� �.
<br /> ' ,` that Lcnder requirex)pravided by an imurer uppmved by Lender a�ain becomes avuilable und is obtuined. Borcawer echull pay� �
<br /> the premiumg reyuired to muintain mortgage insurnnce in effcct,or to provide n tasa rcserve.until the rcyuicemcnt for murtguge ` —
<br /> insurance ende in uccordonce with eny written agreement betwcen Borrower und Lxnder or applicable I�w. �,,
<br /> 9.Inspectton. Lendcr or its a�ent mny make rettr;onublc entrics upnn und inspectlons of the Property. I.ender shall giv�N �:
<br /> Borrawer natice ut the time af ar prior to an inspection specifyi�g reusonable cause for the inspectian. �
<br /> . .:€.. 10. Condemnstlon. The proceeds of uny uward ar claim for domuges. direct or consequentiul, in connection with uny =..
<br /> condemnntton ar other uskin�af any part of the Property,ar for conveyance in lieu of cundemnation,ure hereby as�igned und
<br /> �_
<br /> ,�vd s{►ul{be paid to Lender. �=
<br /> ; , �. In the event of a total taking of the Property.the proceeds shall be applied to the sums secured by this Securlty Inst�umQnt. �
<br /> � . whether or not then due, with any excess paid to Horrower. In the event of a parti�l wking of the Propeety in which the f'air __
<br /> ,.�,,,,,,,�� markct value of the Property immcdiately before the taking is equal to or greatcr than the amount of the sums secured by thta `
<br /> ' Security insuument immediately before the taking.unless Borrawer and I.ender otherwise agcee In writing. the sums secured by __-_
<br /> � this Secudty Instrument shall be reduxd by the umount of the praceds multiplied by the following fraction: (a) the total
<br /> ; � amount of the sums secured lmmediately before the taking,divlded by (b) the fair market value of the Propercy immediately
<br />- � before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fuir a_
<br /> market value of the Property immediutely before the taktng is less than the amount of the sums secured i�nmediately before the
<br /> ;� taking,unlc�;s Borrower and Lender otherwise agree tn wrlt�n� or unless applicabte law otherwlse provides. the proceeds shall
<br /> �• be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> � If the Properiy is abandoned by Bonawer,or if,after notice by Lender to Borrower that the condemnor offers to make an
<br />_� •� awurd or settle a claim for damages.Borrower fuils to respond to Lender wIthin 30 days after the date the nottce is given,
<br /> �� Lender is authorized ta coliect and apply the procceds.at iw option. either to restorntion or repair of the Property or ta the sums 1
<br /> secured by this Securiry Inst�ument,whether or noi then due.
<br />- � � Unless I.ender and Bortower oUieFwise agree In wciting, any applicatlon of procceds ro rrincipat shall not extend or.
<br /> .. - postpone the due date of the montiily paymcnts referred to jn pAragcaphs 1 and 2 or change the amount of such payments. __
<br />- � li.Borrn�ver Not Relea.4ed;Furbearance By Lender Not a Weiver. Extension of the ame for.payment or modiflcation � . _
<br /> of amortiwdon of the sums secured by this Security Inswment granted by I.ender to any successor ir�.interest of Borrower shail
<br />- . ,:;�,;; not operate to release the liabiliry of the original Borrower or Borrower's successors In interest.Lender s�all not be required to
<br /> commence proceecli�gs against any suaessor m interest or refuse to extead time for payrrtent or othenvise modify amortization _
<br /> • of the sums secured by this Security Insnument by mason of any demartd made by the original Borrower or Borrower's __
<br /> `�' ' � successo�s in iatereat.Any forbearance by Lender in exercising any right or remedy shall not be a walver of or preclude the
<br /> �' '�' � exercise of any right or remedy.
<br /> ".' �� �r 12. Su�ors and Assigas Bound;Joiist aad Several Lia6llity;Co-signers.Th�e covenar�ts and agreements of this
<br />_{'`: '� Securtry Insm�ment shall bind and benefit the successors and essig�s of Lender and Borrower. subject to ihe provisions of
<br />�,.�161K,�;. ; paragraph 17. Bortower's covenants end asreements shall be joint�an d seve r a l. Any B orrow er who co-si gns this Securit y
<br />�.,;:: ? : Instrument but does not execute the Note:(a)is co-signing this Security Insmiment only to mortgage, grant and convey that,
<br /> - ~� F3prppWar`s iatcrest in tiie Progcriy w�:tt�t�r�is of tliis�suity L�ss�uneni;{b?is not�Fcnnally obligated W pav the sums v_
<br /> r%s��•�}�I�IY�`;�h secure�t by this SecurIty Instrument; and (c)agrees that Lender aad any other Borrower may agree w extend, modify,forbear�qr ,
<br /> r��"�••��°` make accommodadons with ard to the terms of this 5ecurity Instrument or the Note without that Borrower's consent� . .
<br />--�'��}' �• •13�.Loan Cbat$es.If the 1'o�an se�ured by this Security Instcument is subject to a law which sets maximum loan,charges. _
<br />�;. and that iaw is fu�ally interpreted so that the interest or other loan charges collected or to be collect�in oonnecdon.w3th�tN� ••
<br />,;;�,�;rf . loan exeEed the permitted limtu,then(a)any such loan charge shall be re�iuced by the amount rt�ry to reduce the eb� �,
<br /> -- - to ttie perniltted liqut;and (b) any sums already collecte�from Borrower which exceeded perntitted limits will be refunded�to
<br />�.'���`'��•;r;�;:r' Bornower. Lender may choose.to rneke this refund by re�ucing the principal owed under the Note or by meking•a dit+ect
<br />�s�"��`'�? a maaf to Borrawer. If a refuad reduces priacipal. the reduction will be treated as a partial prepayment wtthout�any
<br />;��5.�`�.. P Y
<br />-=���;�••�• ptepayment charge tinder the Note.
<br />��^:_F��� 14.Notdces.A�y notice to Borrower provided for in this Securiry Instrument shall be given by deliver�ag it or by mailing
<br />�""-�� it by tirst class mail uniess appltcable law requires use of another mahod.The aotice shall be directed to the Property Addtess
<br />�'T"�� or any other address Borrower designates by notice to I.ender. Amr notice to L.ender shall be given by first class mail�to •
<br /> I.ender's address stated herein or any other address[.ender designates by nodce to Borrowar. Any aotice provided,�on in�this
<br /> �-- Security Insaumcnt shall be deemad to have been given to Borno�ver or Leader when gtven as provided in thie paragraphi
<br />-����--A-�� 15.Governlu� I.pw; SeverabWty This Security Instruinent shall be govemed by federal law and the law of the .
<br /> _�-_-- jurisdiction in which th�Property is located. Iis tt�e event that eny provision or clause of this Secudty E�stnunent or the Note•
<br /> e
<br /> --—���� conflicts with appticable law,such cor�lict sha!!.not affect other provisions of ihis Securlty Instcument:or•the Note which can 8�
<br />�,���� • g i v e n e f f e c t w i t h o u t t h e c o n fl i c t i n n g p mvision.To this end the provfsions of this Security Instcument and the Note are declacrti .
<br />��; to be�eGv B�Wer'8 Copy.Sorrower shall be given one oonfomted copy of the Note and of this Security Instnuaent.
<br />��� 17.Transfet�of.the Property or a Beneficial Imerest in Borrower.If aq or any part of the Property or any interest in it
<br /> is sold or aansferred tor if a beneficial interest in Bomower is sold or transferred and Borrower is not a natural person)witt�ouc
<br />_:��a„ . � Leaider's prior wiitten eonsent. Lender may. at its option. uin immediate payment in full of aU suros secured by this_
<br />— '""`-'-�� ' ' Secttrlt}t;Instrument.Hqwever.this option shaU not be exeirised�y Lender if exercise is prnhibited by federal law as of the date�
<br /> -'=�`�� OF�l�B'SCCUiIt}/�lL4t�11NBA[.
<br /> .�i:�Y�`.a;$�''$�
<br />_ �� '"�f L.ei►der exerClses this e�ption.Lender shall give Borrower nodce of acxeleratton.The notice shell provide a pertod of aot
<br /> =:�-..�
<br />-�'�'.�'�"�.�f tess th�n 30 days�from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this
<br /> �.s�°�,��,-'� Security Instrument.If Borrower fails to pay these sums prior to the expiration of this period.Leader muy imoke any remedies.
<br />=`•'"''"�� "'' � permitted by this SecUrlty Instcument without further noace or demand on Borrower.
<br /> -:.�.,»:.� .
<br />-�;';;�;�- ��t -� �8. Barrowe�'s R[ght to Relnstate. If Borrower me�ts certain conditions. Borrower shall have the right to have
<br /> � enforcement of this Security Instrument discontinuod at any time prior to the earGer oF: (a)5 days(or such other period as
<br />�,i •° applicable law may specify for reinstatement) before sale of the Property pnc'suant to any power of sule oontuined ia thts
<br /> '°� ' Security Instiument;or(b)entry of a judgment enforcing th[s Security Inatrument.'fhose rnaditions are that Borrower:(a)pays
<br /> ��•'. - ' r Lender all sums which then would be due uuder this Security Instromene�nd the Note as if no aoceleration had'accucred;(b) � -
<br />_� ' cures any defauIf of any other covenants or ag�+eements; (c) pays all eapenses incurred iu enforcing this Socurity Instnunent,
<br /> - including,but not limited to. mawnabte attomey��' fees;and (d) takes such aaion as Ixnder may reasonably require to assure
<br /> . �^ ~ that the lien of this Security Instrument.Lender's rights in the Property and Borrower's obtigution to pay the sums secured by
<br />` .;;;� �' this Security Inshument shail rnntinue unchanged. Upon reinstatement by BorroHer, this Secunty Instrument and the
<br />_,..�.�' •• , �: obligations secured hereby shall remain fully effectrve as if no acceleration had occurred. However,this right to reinseate shall _.
<br /> _._ ... _
<br /> ._- not appty in tne ease oi acceietauun uuucr tnuug�ay,� �..
<br /> ° 19. 5ale of Note; Change of Loan Servicer. The Nate or a partial interest in the Note (together with thls Security =
<br /> � Instrument)may be sold one or mon times without prior notice to Borro�ver. A sale may cesult in a change in the enttty(known =
<br /> �,; as the"Loan Servicer")thut collects monthly psymenu due under the Note artd this Security Instcument. There aiso may be one =
<br /> or more changes of the Loan Servic:er unmlated to a sale of the Note.If there is u change of the Loan Serv[cer, Bormwer will be _
<br />_. � � given written notice of the change in acco�+dance with parngraph 14 ebuve and applicable luw.The notice will state the name and � _
<br /> nddress of the new Loan Servicer and �he address to which payments should be made. The notice will also contuin any other
<br /> - infom�ation required by applicable luw.
<br /> - 20. Hamrdous Substtu�ces. Borrower shal( not rause or permit the presence, use.disposal, storage,ur release of any _
<br /> " • ' Hazardous Substances on or in the Property. Horrower shall nat do, nor altow anyone else to do. anything affecttng the -
<br /> ' . Property that is in violation of any Environmentul Law. The precedi�g two sentences shall not apply to the presence,use,or _
<br /> - storage on the Property of small quantities of Har:udous Subswn��s that ure generully rccognized to be apprvpriate to normsil
<br /> _ . -- �r�idantial uscs and ta muintenaace of t�e Pro�sty.
<br />���'=.•—-.- .—.— P�go3 n1 t f0lT��7$ 8�8�
<br />
|