|
C. '.t� . . .�- ..r ,....�.z. _. . . - t�. ..-L
<br /> .', ;��--� � - --�'�. . . . . Sy`_ -_ - -`-
<br /> ". ' . .� 4t s�'" - �`. , . '' ! ` ��r t`� � tl r �` � 5.
<br /> t �.. ,rr �.K... �,f ..�_.__._._.. -
<br /> - — 9�— /�/�''9, �`. r�p
<br /> 'c . .
<br /> ` .. ' Barrower may are sttCh a defauti end �einsffite,as ptavtded in paragraph t8. bY eausing the adfon w P��9 to be t
<br /> . ..�,� � . msm(ssedwttA a ntGng that.In L�tder's gaod fatth dete�rNnaflon,precludes tadeiture of tfie Bomower's fnterest in tAe Propeny or
<br /> ott�er material{�atrmert of Ne Qen ceated by thls 3eaidty Instrument.or lender's secwiry IMeresL Bortower shall elso be In j> ..•:
<br /> detauit 8 Bormwer.during tAe taan app�atlan proeess,gave materlaUy taise ar inacauate intormation or statementa to Lenrter(or ,� ,
<br /> ' . fellad to provtde Le�der with eny matetitil tnfom�aHon)In tonnecUon witb the laan evtdenced Dy the Note. tAdud'ing,trut not •
<br /> .. � Umhed to. rePresentatlons ecnceming Botrmver's oaupancy ot tAe P[apeRY ea a Pdncipal restdence. It this Security
<br /> � • � Instrument t� on e teaseRotd. Botrower 5heU compty wftA all ttte provis[ons of tRe tease. If 8orrower aequtres tee tiUe to the
<br /> . .' ._k:,� FropeRy,tAe teas�hotd end tAe tee 1ltte sAaO not merge uniess Lender e�ees to the merger In writtnS.
<br /> < �.6�tpQeC4lpn ot Lendo�'s Rlghffi U th��POperty.H 8orrower tsll.s to perlorm the covenants and ag�eements
<br /> . � contatned bn Ws Seevdty Instrument, or thae� e tegal proceeding tAat may signiflcantiy aftect Lender's dghts In the Pmperty
<br /> � � ��° (sucA as a pmceedmg in bantuuptaY•P�abat�tor wndenmatlon or totfeiture or to entoree laws or regutations).then LenQet maY ,
<br /> , do and pay far whatever is necessary to protecl the vatue ot the Property and Lendera dghts in ffie Property. lender's acUons
<br /> .. may 6ldude payfn9 any sums secured by a Uen wflicA has PdorkY over this Seeurity Instrument. aDA�9� cauA. Pal�9 •
<br /> ` --� rPasa�e aHorts�ys'tees end ente�tr�g aw the�roperty to make�ahs.Atthaugh Lender may take acUnn under this paragrapA _ -
<br /> 7,lender does not have to do so. � �•
<br /> . Any amounts �s6ursed by LenQer unQer paracgaph 7 sNatl beeome addiHonal de�t of BorroNer sewned by this Secudty �.
<br /> � � Instrument tJntess Bortower and tender a�ee to other terms oi payment, these amcunts shaD brar interest from the date of
<br /> � �sbursemerrt at the Niota tate and sha0 be payable,rriih interesy.upon notice trom tiender to Bartower re�esUn9 Pallm�� . :
<br />- 8. l64oflgsg8 Ut8u�snce.!t Lender requtred moRgage tnsurance as a cond�ion oi matdng ihe toan secured Dy thts
<br /> t;. .. • Sewrity tnsWmenf.Bcrrower shall pay tttie prerntums required to maintain the mortgage tnsuranae in efted fl.tor any �eason.the
<br /> martgage insmartce cave�ge ce�ited by lender Iapses or ceases to be in eftect.Boaower shaD pay the premiums requ!red to
<br /> Ia
<br /> . . ;�-,�; o4taU�coverage substant[aIIy e�Wivalem to the mortgage tn:>u►anee previousty in effect at a cast suhsianUaII�l e4uivalaR to the � .
<br /> � {, cost to Bortow�of the moctgage insarance previausly u� e�ecl.hom an aftemate mortgage insure►approved tiy La�der. it
<br /> _�' . ,:} y�ubst�lty equivale�mor[gage insurance covelage is nat availa6le, Bomarr�sha0 pay to Lend�eaeh morrth a sum equal to •
<br /> .,,.r.,` .�:; ona-tweiftt�of the yearry mortgage insurance premfum befig pafd by Borrower when the insurance carerage tapsed o�ceased to ,
<br /> < be fn effect f.ender vrm accepL use and retatn these payments as a ioss reserve in Reu of mortgage insnrance. loss resenre
<br /> •,` � payments m3y no tonger be required.at tAe opUon of Lender,it mort�ge insurance caverage Qn the amourrt and tor ihe perlod �;;�
<br /> ..'`;� � that Lender requires) provided by en fisv� appmved by lender again 6ecomes availahle and is obtstned. Bortower shaD pay
<br /> ,,{ .,,. ��..
<br /> � ; the premiurng requfred to maUde�n moRg�insuwnce in effec�or to ptavlda a loss resenre,until the requir�nent far�nortgage .
<br /> ...,�.. ..:�;<.J. tnsuranee ends In accordartee with eny vvr�n a�eemertt between Horrower and Lender or app(frable(aw. -
<br /> , : `� 9. fRS¢e�tion.Lend�or its agent may make reasanabie entries upon and Inspections af the Ptoperty. Latdes sha9 give
<br /> - .' � ��?��� Bortower noUce at the time ot or pdar to an inspedfon sped[yfng reasonable cause for the tnspectton.
<br /> � �•'? 10. Candemnatton.The proceeds o!arry awatA or d a i m f o r d a m ages. dmect or cons e�uentlal, in wnnect�cn vrith any
<br /> . '� 1,''� wndemnadon or otRer taking of any part of the Ropenyr, or for conve�ssce in Geu ot eondemnatton,are hereby assigned and
<br /> • ' ; ; shaU he paid to Lender. �; .
<br /> . . , '�." • fn the eve�t ot a total takfng of t�e Praperty. tha pmceeds shaD be appUed to the sums seared by thb SecurUy - �
<br /> .. ���
<br /> ` �� Instrument,whether or aot then due,wftfi arry exc�s pald to Bortawer. fn the ev�►t o!a paRia11a1dng o1 the Froperty in which � ,"��
<br /> � ' the tair market valua of tAe Propecry�mmediatey!betore the takfig is equal to or greater than the amount ot the sums secured
<br /> ,�± ., `` by this Seairit�r tnstrume�t imme�tety 6etare the ffiWng. untess Bcrtower and Lender oth�xr(se agree in wr(Hn9.the sums�
<br /> �: ��.�= secured by this Secutfty ins�ument shaD Ce reduced by�e aawuM c�t1�se proceeds muttlpAed by tfse to4owing iractton: (a)the .-
<br /> ...�; to�l amourrt of the sums sewred immedQir�'jt befare tfie tafdrtg��:�S�ar3ls7/ (b)the�tr m ar k e t va�e o f ffie P roP e R Y i r m n e�ll a t e t y _-..
<br /> ` `� ' ' 6efore the taWng.My batance shs0 be paid to Bomrner frrr the ev�rs:c�a paRlal teld�.3 0}the P+'opacy in which the tair market `�� �°
<br /> %`i;; � •, ��=
<br /> .':l�f'r;;` : , .. ; � u�lue of the Praperty imau�i'aately betore the taWng is 9��.an ffie amount o1 the sur•�secured tmmediateIy before the fafdng, . °.
<br /> � ��� � �. • -;� �tess Barrawer and t�a othe�wise agree tn wr�-� cis unless apD�caEle (aw ctir�wise provtdes. the P��� shaD be •,. .�.:
<br /> , a —
<br /> `�� ; :�: ap➢Ued ta t�.`re sums secured by tt�is SeeurHy InsUument a?sether or nci�e sums are then due.
<br /> __ If ihe!'��peAy ts ebandoned by Barrower,or iT, after no8ce by Lc-csder to Bortowe►thai the condemnor oflers to make an __
<br /> ~' award or setUe a cTaim tor Qamages, Bo►rower taits to r�pond ta t�der witiiin 30 days afier the Jale the notice is giveh.
<br /> . ;:: Lender ts autAo�d to coQect and appty the proceeds,at its opUon,either to restoraUon or repair of tha PropeRl/ or to!he
<br /> - : _ sums secured by thts Security Instrumen�whether or nat then due. � _
<br /> ' � �s.° Untess tender and Borrower othemise a�ee in w�itfig, arry app�caUon oi proceeds to prfndpal sha0 rtot mdend or
<br /> ` �� ..� � postpone the due date oi the monthly payments reterred to In patsgr2sl+s 1 and 2 or rfiar�ge the amount of such payments. _ �
<br />- � _ � 11. Borrower htot Releaaed; Forbearance By Len��a No3 a Waiver.Fxtenston ot the ttme tor paym�m ar � �
<br /> • " mod'iHcallon ot amoRizaHon ot the sums secured by this SecurKy ins�sa�.�t granted by lender to eny successor tn trRerest of ��,t_,_
<br />- Borruwer shaU not operate to rel�se the Qabi�yr o1 the odginal BoRamer or Borrawer's suecessors in interest. LenQer sheD not
<br /> �! ba requhed to commenoe proceed(ngs agatnst any �sar in irtte2st or�rn wctend Utrvj tor payment ar otfierv�ise � ;_
<br /> t .
<br /> ��• �� � • �odHy emoAizaUon oi the sums secuted by this Ser.�..��:.strumertt��ress:.�c5 m+y demand made by the adginal.8ormwer or
<br /> {�;;af�, . '��
<br /> � � . . ; � 8orrower's successors in irrterest Any torbearanee by 7.ender in e�.:scs"sa!g any rtqht or remedy shaD not be a vsaiver of or
<br />-. • � ��s�•� preciude the exerdse of any dght or remedy. ' '
<br /> r,:
<br /> ��`�` � 12. Successors and Assign� Baund; Joint ar+� �c�ral I.iab11i4y; Co-signesa The covenants and
<br /> � � � agteements ot this Seauity Instrument shaD bind end benefit the s;s.a��rs and assi�s ot Lender and Bomewer,su41ec1 to tha �_._�
<br /> ` ' ` �� � provtsions ot para�apfi 17. Borrower's covenants end a�reements shaif be jofit end seve�al. My Borrower wha c�o-si�s this �
<br />- � Secur(ty Insbumerrt 6u1 daes not execute the Note: (a��co-signing Lhis 8ecurrry In�ument oniy W moRgage,grm�t end cornay �_��
<br /> _ � t� ihat Borrowe�'s ittteresl tn tha Property under the terms cf tfiis S�p fnshumer.3; (b)is noi personaIIy obOgated to pay the
<br /> � � '•�%` � sums secured by this Sewrily Instrumenx and(c�agrees that l.�and arry other Borrowe►may a�ee to e�end. modAy, �,.�'.
<br />-. . � ,t;r ,1 _ .
<br /> , . ,,�:•;: forbear or make arry accommodaUona wtth regerd to the terms of�.s Secudty Instrument or the Hote vYithout that Borrower's
<br /> :t;,,�•. .., � consent.
<br /> �'"`' ` 13. LOat1 Ci12tc�8. Ii tha loan secured by 1�� Security InstrumeM Is subject to a law whlch sets m¢dmum toan
<br /> :.�;i;t'� r ,
<br /> charges. end tha2 law is flnalty irrterpreted so that the�"..�est or oit�er taan charges cotiected or to be witect�d�R connection
<br /> . � �� ; wftb the loan�cceed the pemiitted limfts,then: (a)�rf�:en taan d��-„s shall be reduced by the emount necPSSary to reduce - _
<br /> � � the charge to the permitted fimik and(�} any sums efreadyr a},'�tr.d hom Borrower whtc�exceeded permitted fuNts w�be
<br /> . � "`t?" retunded to Bortower. Lender may choose to make this re!urtd�y r,�:ing the pAncipal owed under the Note ar by making e •.
<br /> � dtreet paymeni to Borrower. fl a retund reQuces priro�at. the red:�ion will be treated as a parNal prepayase:� wfthout eny
<br /> • • : prepayment ct►arge under the Note. -.
<br /> � • 14. NoUCeB.My noUce to Bonower provided tcr in this 3eeutAy tnstrument shall be given by deliverfng ii or by mailing it •
<br /> � , by first class mail unless appOcable taw requirea use oi another method. The notice shaD be�irected to the PropeAy AdQress
<br /> � � or any other address BoROwer dest�ates by noUce to Lender. My noUce to Lender sha0 be given by fust dass mail to
<br />•`�t`' � Lender's address aTated herein or any other addresa Lenda dest�ates by noilce to Borrowea My noUce provtQed to►in this '
<br /> .,,,
<br /> � .? � � Secudry Instrument sha0 be deemed to have been ghren to Borrower or Lender when ghren as provided U thls para�aph. �
<br /> � 15. Governing Lew, Severabtlity.This Seeudly instrume�rt sha11 be govemed by federai taw and tha law o1 the �
<br /> � � . jurisdlcUon in which the Property is tocatea. In the event that any provision or cfause of tAis Secur(ty tnsUumertt or the Note
<br /> " wnflicts with app�cable taw. such confllet shall not aftect other provisions af this Security Instrument or the Note which can be ,
<br /> •- , given eNeet wilhout tho conflicting provision.To this end the provisions o!thls Security Instrument and the Note are Qeclared to .
<br /> � be severaDte. �
<br /> �. 16. BOr►ON18P8 CO{1y.Borrower shall be given one eontormed eopy o1 the Note and o1 this Security Insirument
<br /> 9
<br /> , ' F1316.1RA0 1�/971 Pagr 3 of 5
<br /> . . . 9T171 .
<br /> �,-;i� ' ._.
<br />
|