|
'N s�aN��•!'�qs�.__� � f.;l
<br /> ^!`.
<br /> . �. :��S:l^.,.
<br /> . _ .:;lfj;�a::;'v>. •
<br /> ��o. .. ---- __-..
<br /> Y.h_.._....__.-. . . _ . . . -__ -�_ ._____.
<br /> .. . .. __..._ . _. . _._ __. ------. ._ ___. _. _.. . .._. - ---_ ...
<br /> •wb�tarKidly equivalent rn�rt�rge inauru�ce cover�gc i�not available, B�rr�wer shall �a y to t.orxlcr cach nxmth u sum cyual to
<br /> one-cwalflh of the yarly natt�ye ir�wnrxe prcmium bcing prld by Barrowcr when the insurunce covenge lapsed or cea.r•cd tn
<br /> be�n ePfixt. L.eMer will�ccept, we�nd rct�in these payments as x loas roxrve in lieu of mortgago insurance. Loss rcserve
<br /> pRyments may no longer be required.�t the oplion of L.ender, if mortgage insunr�ce a�vcrage(in the am�wnt ond for the pericxi �
<br /> that Lender rsquir�a) provided by an insurcr appmved by I„ender egain becomes availabir end is obtxirxcl. Borra�wer shall pay
<br /> the prcmiuma rcquired to miintain mon��e insunnce in effa�t,or�o providc�loss rcserve,until the requircmrn�for mong�ge �
<br /> insur�u�ce rnd�in scoorcisnce with any wri��en agroement betwan Borrower end I.erxltr ar appticable law. �
<br /> 9• Irotpettian. Len�ier or iiy egmt mn� mnke rcnsonable entrics upon and inspeciiuns af tix Pruperty.Ixr�cler sl�ell givc �
<br /> Borrower natia#t the time of ur prior ta an�nspection epecifying rcasonat�le cw�e for the inapection,
<br /> 10. Ca�danmtba, The procbods of any awaM or claim far damag�s.diroc�t or consoquenti�l, in connection with any
<br /> rnrxkmn�tion or other teking of�ny put of ttx Property,or for conveyance in lieu of condemnation, are hercby�ssignod uxi
<br /> ehal!be p�id to Lcnder.
<br /> in the event of�total taking of the Property,the proceods shell he upplied io the sums secured by this Sxurity Instrument,
<br /> �whethe� or not then due, with any excess paid to Barrower. In the e��ent of �partial taking of the Propeny in which the fair�.1
<br /> m�rket vdue of the Property immodiately beforc the tAking is equal to or greater than the amount of the cums secureJ by U►is
<br /> Secudty Inst�nt Inunodi�tCly before the talcing,unless Borrower u�d L.ender otherwise agrce in writing, the sums�ecurnd by
<br /> thie Security Irutrument shall be nxlucod by thc amount of the prooeods inultiplied by the follawing frac�ion, (a) the tota!
<br /> �unt of the wrtu securod immediately before the tdcing, divided by (b) the fair markct vxlue of the Property immodiately
<br /> beforc the taking. Any balance sha11 be p�id to Borrowe�. In the event of a putial taking of the Property in which the fnir
<br /> ►n�rket value of t!u Property immodiately Ixforc the taking is less thn�the snwunt of the sums socurod immediately before the
<br /> lalcing, unless Borrower wnd Lender othenvise agroe in writing or unless�ppliable law otherwise provides, Ihe proceods shsll
<br /> be applied ro the sums sccured by this Security Instrument whether or not the sums arc then due.
<br /> !f t!x Prnperty is abandoned by Borraxer,or if,aftcr noticc by Lender to dorrowzr U►at thc condemnor affers to make an
<br /> awu�d or settle a cl�im for demvges, Bornower falls to respond to Lender within 30 days after the date the notice is given,
<br /> Lrnder i��thorized to oollat and apply the praeeds,at its option.eitl►er to rr.qoration or npair of the Propeny or to the sums
<br /> securad by thia 5ocurity Inatrument,whethor or not then due.
<br /> Unla� I.pider aM Borrower otherwiee �groe in writinq, any �pplication of proctieds ta principl sluil� not eaclend or
<br /> Poetpa�e the due date of the montAly pyments referred to inpwr�grnphs 1 md 2 or change the anaunt of wch puymrnts.
<br /> 11. Bo�o�e�N°�Rela�ed;F�By I.en�kr Nat�Waiver.Exunsion of the tlme for paymrnt ar modifx�tio�n
<br /> of�rtartiation of the aumi aecured by this Security Instrument grn�ted by Lender to any suoas,gor in interast of Borrower sha11
<br /> • not operate to relwe the liabiliry of tb,e original Bomower or.Borrower's suca�ason in intereat. L,ender shall txv�'31e roquinod to
<br /> epmrnence pe�oaedinga against any suarossor in interost or refiise to extend tirne for payment or otherwix moc�i;Fy unortization
<br /> of the wma saured by thie Security Instrumrnt by rc.�son of any denund m�de by the original Borrowr.r nr Borrowa's
<br /> suaxa+ors in inerest, Any forbearance by Lernier in exereising �ny right or mncdy sh�ll rat be a waiver of or preclude�he
<br /> exercue of any ri�ht or rcmedy:
<br /> 12. 9�ect��sml A+..i�.� R.w..�.i; rC!�: :..'"'i c..-:•«' �.»:.";.lai',�;�--..�.s�i. �.^'ic wr��w�r�is ard airoemass of �his
<br /> SocuritY 1nqn�ment sFull bind and benefit tt►e suooessors and assigns of Ltnda and Borrower; 9ubject to the provisions of
<br /> p�n�raph 17. Borrower't oovetwMs and agroertKnts sh�ll be joint ud sevend. Any Bornower who co-�igns this Security
<br /> Instnunent but does not exeGUtc the Note: (a) ia co-signi�g this Socurity inst�ument only to morigaqe. grant u�cxf o�mey th�t
<br /> Bormwer'a lntaest in che T►rUF►eYty u»der the tertns of t�is Savriry Instntment;(b) is not personelly oblig�ted;ta�y the swne
<br /> __�._.:�...::s M...w�i. ;�u:��.�,����,..w �
<br /> > > i'i+4s�ccs umi ixnuor iuxi any otixr Fsortowtr moy agrec w ex�rni. uK,ui�y,•wi,w�.
<br /> m�Ce+u�y a000mmod�tions with regud to the tertns of this 5ecurity Instrument or ths Note witlwut Nyt Borrowa•a oortsait, •
<br /> 13• Lo�t�Char�.if d�e lan savrod by this Secu�ity Instniment is aubjat to a law which aets muirnum Iu�n chargtx.
<br /> rd th�t law ie(u�ally intapretod so th�t the intercst'or.ather loan chargea colhetod or to be oolloctod in oo�d�oction with the
<br /> Iwn esoeed the permitted limits, tl�en: (�)erty such loah charge shall be roduad by the amount noocssary ta rodua the diar�e
<br /> a tbe Qarmit�ed limit: and(bj�rry sun►s�Irady vollected from Bornnwer which exceeded perniitted limits will be retunded to
<br /> Bonu�a. L,c+�dec m�y choose to make tiiis refund by roduci.n� the principal owed under the Note or by makiog �diroct
<br /> P�Y� � �mqwer. If a. refund inque�s principal. the roduction will be treatod ac a partid preWYmau rvitbout any
<br /> Pmoavmeat cfi�r�e wder the�IQte. '� .�•
<br /> �4. N�tloa.My notit�e to.Bomowa provided for in this Securiry Instrumrnt.shaill be given by deliverin�it orby roiilin�
<br /> it by fint dns m�i!onk�s�1(iable I�w requira use af uad►er nxthod. 1T�not�"tn stWl be dircctod to ihe Property Addtesu
<br /> a u�' uthor addr�esa Bo�rower daigtutes by notirx to•Lecder. My notice to T:�rrier shall be giva� by 8nt clus m�il to
<br /> L�ender's addreo at�ted baein or�ny other�dd�ras 1.erda design�cea by notia to Borrower. My tiotice provided for in tl�a
<br /> Security Irotrument alrll be damed to hwe boen given to Borrower or•Lender when givrn aa provided in this p�ragnph. < "'
<br /> 1S. C�ve�l� I.aw; Serer�Wlity. 11�is Security Instrument s!W I b� govemed by fodenl law �nd the law of•if�
<br /> jurisdiction in iwhich the ie IopUed. In U�e eve��nt that any provision or clwuse of this Sa.tirity In�trwnent or the Nafe
<br /> oon fl i c t a with spplipble larv.�a�i conflict sh�ll�wt atYeit•other provisions of tltis Security[natrump�t or the IV�.�vhich qn bo
<br /> given ef[ect widaut dro oontlidin�pr,ovision. 7'o this end th�provislona of thi.Security Inwumpu and the Note ue declarod
<br /> to be�eveabla.
<br /> 1�.Ha�rO�t''s Borrower slull be given one confottned copy of the Nate and of this.Soc�uity Lutnu�t.
<br /> 17.'ll�a�fer d t4e��operty or a gebeAcy�Iater�t in Borrower.lf all a any pRrt of'ti�c,;+roperty or�ny inten�t in it
<br /> ia aold or tsasfaeed(or if a beneficia!interest in Borrower is sold or tnnsferred uad��octpwer is rat a n�tural po�)witbout
<br /> L,e+der's Priar writun ca►�ent, LRrda may, at its qxion. roquire lrturodia�e pa�n�t in fnll of all siut�s socv�od by chi�
<br /> Securicy Itvtrurna�t. However,this option sfWl rqt be eaereisod by I.ender if eaani�o'i�prohibited by fa�eral I��v as of the d�te
<br /> oC thia Secvrity lnurument.
<br /> If L,ender exerrisea this opticm,L,eMkr shall give&�rrower natic�c vf�ocrlention. The naice st�a11 provide a paiod of�ooc
<br /> leaa tlun 30 dar from the date the ndice is cklivued or mu�iled within which 9arrower must pry dl wmc securod by dtis
<br /> Security Irowment. If Borrower fals ta pay these wm.s p�ior to the eapiratare of thi�s period.Lcnder may invok�sny r+aneclim
<br /> perntiued by tt�i:Security Instrumait without furcl�er natia or demud on Born�wer: •
<br /> la. Horrower'e Rf�t lo Reidfata If Horrower mxts c��t�in conditia�s, Borrowet shall have the right to I�ve
<br /> enfonoanent of thia Secunty Instrument discontinuod at any time prior to the cvliu of: (a)S days (or wc6 otha periaa�s
<br /> appliable I�w m�y spocify tor rei�m�ent) before sale of the Prope�ty pursuant to any posyer of s�le oontained in ifiia
<br /> Security irwrument:or(b)awy of a judgmem enforcing this Security Inun►ment,T7wse cwditions u�e thet Flortower:�(�)p�ys
<br /> L,ender all wnu which tl�en would be due under this Sacurity Instrument and the Note�a if na aooelerntion hd ocarred: (D)
<br /> cures �ny default of any aher coveruuits or agreenxnts: (c) pays all expenses iacurrod in enforcing this Security Instrument,
<br /> inrintlina Ir�f rv�r limt�rl�.. �i.����. ..+ cY_ _� .�. _�_
<br /> -----n. --- --------..--.�. .�:.'%"..••.••. -�;v ....:�; an,�.,�:..�F;�;�n;k:�i��.�i.cnaer may rrasoru�oiy raryi�e�o as,wrc
<br /> ttut tlrc lien of this Security Instn►ment,Lxrnler's rights in the Property and Burrower's obligation to psy the sums socurcd 6y
<br /> thia Securiry ir�strume�t shall cnntinue unchanged. Upon reinstatement by Borrower, this Security Insl�urr�ent sud the
<br /> obligadons sxurod hercby shdl renuin fully efFective as if no scceleruion h�d occvrrod. However,this right to reinuate shall
<br /> �wt apply in the cue of acceleration urdn para��ph 17.
<br /> 19. Sde of No1e; ChNn�e of Lan Servicer. The Note or a pnrti�l interest in the Note (wgethtr with this Security
<br /> Instrument)rt�y be sold cme or morc tiaxs with�wt prior ratice to Borrower.A s�le ttMy rrtwwlt in a change in the entiry (known
<br /> aa the"Loan Scrvicer')tFut colla�ts monthly paymems due under the Note+u�d thia Socuriry Instrument.Thet+e dsc�rtry be one
<br /> or mor�e changex of the Lan Servicer unrclsted tu s s�le uf ihe Nae. If therc is a ciu�nxe of the I.oan Servioer. Aornowrr will be
<br /> givrn written naice of the cFwige in accrorderkY with pxragreph 14 rbove uKf applicabie law. '!'F�e twtice will state the rw:ie and �
<br /> widrcss of the new I.an Scrvicer ud the+Kidrcss to which p�yments sF�aild be ma.ie. The notice will slso contain any otl� ...�
<br /> infornu�ti�a roquirod by appliuble I�w.
<br /> 20. Nwrdous 5ubetnnca. Born�wer shall na c+�use or permit the prcsence, use, di�posal, storage, o�rela�e of any
<br /> Hu�trdous SubaUU�r,es on or in the Priiperty. Borrower shnll ncx do, rKn rllow anyone else to do, Anything affa.�ting the
<br /> Prop�erty th+�t is in vialrtiun of any Envimnmrntd L.�w. TfK preceding twu sonlences shall �at apply W thc presence. use, or
<br /> �turuge on thc Pro�c;ty.,f;.:�.:l: y�:::ics;;E::zz,:rdou;SLlSStanc:CS tttut u�e g��K��ily rrcugnizoti W be apPit�priata lo ramwi
<br /> residcnti�l uses aaf tii nu�intrnrrkY of ttee Prc►perty.
<br /> rt� -
<br /> �p•a��� Fonn�OZ� �/�0
<br />
|