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98110243
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3/13/2012 3:34:20 AM
Creation date
10/19/2005 7:54:16 PM
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98110243
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. �.. .,�. . _ — — _ <br /> :�t;�.a � - ----'-- <br /> � 98- �t��43, <br /> PRY►�u�Y���a� �9u����optkm af l..cndex,i[mortgege in�urancc coverAyo'pn thc amount�nd for pcnod <br /> that l.en�fei require�)providod by�n intw+er approvod by l.cndes�un bocorna�vail�ble pnd is obulnod. Borrowcr shall p�y thc <br /> premiums required to mrintain mortp�e inwrmce in e(toct,a b pravide �loa�rcurvo, undt the roqulrcrneot for mort��e <br /> inaur�nco a�d�in�cconlance wi�h my wriqen�roement betwea�Hortowa u�d f.ender or applic�bb l�w. <br /> l.Ioynctlw�. LuKler or iW�gent may m�lce rca�anitbk entrks upon �nd in�poctiona o[the Property.l.encfer ehall�ive <br /> Bonowu norica at Uw timt of or prlor w an inapxtion�pvcifying rcawn�bk c.�wc for the G►�pocUon. <br /> 10.Ca�de�aaatbn. The proceoda ot Nny �wrrd or cWm fa d�my�ea�dlroct ar conaequenwd� in connectioe with �ny <br />, condemruuion or aher tnking of eny part ef the Property,nr for canveyance in !i:u af condemnaib�i,aro hereby assigned�nd <br /> shall be p�id w I.ender. <br /> I�tfK event of a Wt�l taking ot the Pronerry,tho prococ��h�l�be�pp�ud a ihe sums�ocurod by Ihis Security InstrurtK.nt, <br /> whetfKr or not�l�en due,wlth my exccss pid to Borrowcr.In 1hc everu oF�p�rtiel uking of thc prqperly ln whkh the fair m�rlcet <br /> vdue of Ihe Prnperty fmmedlaiely befae the W�ing is oqu�l w ar�rcamr�han the umwnt of the aum�socurod by ihia Socuu�r�ity <br /> Instrument irt►medi�tely befae the Wcing, unleaa Borrower md Leeder othavr•ix�groe in writina, the sum�sxured by this <br /> Security Inswrr.�t alWl be reduced by the�rnouot of the procoeds multiplied by�he following fi�ction: (�)the total amount of <br /> the sums sxuced imn�edi�Wy befae the Wcin�. dividal bY @) �he fiir market v�lue of the Prope�ty imnbdiuely betore the <br /> WcinQ.My b�lrnca ahW be p�id to Borrower.In the evau of�p�rtial t�ing of the Prnpaty in which Ihe Sair mrricet vdua of the <br /> PropatY immedialeJy befare the WciaQ is kss than ihe anwunt of the wms socured inunedl�uely before the Wcing� unlesf <br /> Baaowex and L�enda od�aw+ix�ree in wridna or unksa applicabk Isw wherwix providea.lhe procoods ahW be�ppliod to the <br /> wms�ecu�+ed by thia Socurity Inswmait wheU�er a not tha sums�re then due. <br /> If the Pmpetty is�I�ndo�x+d by Bomowu.or if,aFta naice by I.aide� �o Barowa�that the candemrar ofTaa to maice an <br /> ervard or aeuk a cl�im for dartiagcr�Borrower fidls to respc>nd�a L.e,�c1a�w;►hin 30 days aftar the daie the notice le�iven�l.a�der <br /> u sud�arized w coUect and apply the procood�,u i�s option�ather to resta�tion or npair of the Propaty a to ihe wm�socurod <br /> by diis Security Insuument,whett�a or not that due. <br /> Unless I.rnder�u►d Bo�r�oMa ahe�rwise�gree in wriung.ar►y applic�tion of pcocoods w principd�Il not exknd or poatpo�x <br /> the due d�te of d�c r�onfhly payn�ents nfarod W in per�graphs 1 and 2 or chu�ge thc s�nvwnt of such payrt�cn�s. <br /> 11.Ban�ower i�ot Rekyed;Forbearance dy I,e+�der Nat a W�iver. Exl,ension of the pune [ar payment or modiCuatio� <br /> of arnatiralia�of the wms aecucod by t1w Sacurity fnswmau gnnled by i.ender ro u►y suoces�or fn interest oF Baro�ver�hall <br /> noc opaate n rNea�the liability of the origuW Borrowa ar Bamwa'a wcaeWOn in in�aeat.L,a�d�r dull not bt raqt�ned�o <br /> �P��+�8���Y suoces.�oc ia intuest or retwe w exaa�d time[a pnya�an a othanviie nadify amorti�ion of <br /> �he awns�ocu�d by thia Security Inmuma�t by rca9on of ony demand m�rk by the aiginal Barrowar a Bcrrower's auoceLOn <br /> �n in�d�ett.Ary torbeannce by L,a�der in ea�acising�ny right or rernody shW not be�w�iva of a peclnde dn ea�erci�e of�ny <br /> ri¢ht a tr�nedv_ <br /> 12.S�ocesaes�nd Axi�rt Bor�dp Jai�t�ud Seversl I.i�bilk7'p Cwi[ea�s. 'Ibe oovaunts �nd �preeaieata of this . <br /> Security Inal�enr,x�ll bind aad ba�eFit dro suoctsron and aeaigns of L.aida md Bortuaa� wbjax b the provi�ioas of. . <br /> p�ra�r�ph 17. BwroMa'a oovemnq �nd �roanenu aheli be joint �nd �evaal. My Barower rviw oo-si�u d� Secudty ,. <br /> In�nrnent but dba na wceco�e tbe Nae: (a) i�oo-si�ning ihis Security Insaumait anly w mortg�e, �nat�nd canvay d�t <br /> .°w."'".v:'a+�o wt:,::,�i�� uec cau{�ziy wxia wa�cn�s a ti�is�ocurily 1aWUn�sn1;(b)it nPt petfonaUy obli,��led b py the� <br /> �ecu�ed by d�Savriry Inanrneat;�ud(c)�groea tfut Lr.nda and�ny atF�er BaROwer may�,p+ee oo exle�l,modify,fa�be�r ar <br /> maloe�ny aa�ommadationa Mth reprd to the eami of this Socurlty Insorumont a the No�e M�that AaroMa'�oomau. <br /> 13.Low Cliartea, If the Iwn�ocurod by this Sxurity[nst�uma�t is subject to a Lw�vhich xts muimum low clur�e�. <br /> �od t6�t la�v it Poully intrlpne�od so dut the iatar,at or wha lo�n cb�c�w collecbd or to be cWbcled jn ao�ection�vi�fi the lo�n <br /> a�aood�he pamined liaiit�,dxu: (a)any such lo�n chKge�tuU bo roduoed by the�nwunt neoem�y b ieduce d�e ch�r�e w d�e <br /> paimined u�ana ro)�nr s�alrodr ooDo�oa cran somnwa�dicn eueodea pennlaea liaiu wut be terunaea b sa�row�r. <br /> L�eoder Qatp claoe�e 1� mrce du� re[und by n�ducina the princq�l o�aod unda�tha Nae a by m�kin� � c�rpct prymoat tio • <br /> Barmwx. Ii�t refuM reduoa primcq�l. the ralucsion w�iU be tre�tod at a pa�wd pepy�r�t�vithout anY P�Y��i� <br /> under the No�e. . ., . <br /> ••�4.Nofica. Aay notioc oo Barowa provided[a in thi�Security In�tnurnent ri�ll be pwa�by ddiverint q or bp mdlba�t <br /> Er�.:�'�iel•clw mdl unlaa�pp.,'�.,�k I�a requira use of arwttKr mdlwd.The notke d�all bo d'uoa�ed Oo d�e Pt�opaty Addro��a <br /> any other address Barowtr ddi�t�es by tatice Oo L,encla. My notics to I.ender�Irll be pvdt by C�ntt cWs m�l b I�adei'� <br /> adc4em ataioi 1ie'ew a any utbar adMesx Landa'desi�n�ea by notice Yo Sarto�va. Aay notiix pmvided far w d�p Searity <br /> Lutrua►a�t sl�ll be dee�r�ed b h�ve boeo given b Borro�a a La�da aheo pvea as provided ia d�if pr�rapb. <br /> 1S.Cover�l.aw;5everabYlt�. 'I7aw Security In�tnrt�nt th�ll be �overned by federal Inv .�ad die lnv of dre <br /> jrciscliqion in which dro Propaty is located. In the evrnt ttut any provisioa a clw�e of t6is Socurity In�on�oiant ar the No1� <br /> ooeflicn w�th applic�bk 4�w,mch conflict sh�ll not�f[oct od�a�provi:ions of dds Securitp Inucwnau ar the NoMs�v6ich aa be <br /> �iven ePfect Mithout the cantlic�ing proviaoa.To d�end the provisions of ihis Sacurity Inttnut�a�t sad the No1e�e decl�rod b <br /> bc seve�abie. <br /> F�i0l� Mfr <br /> ��R(NE)����s�.o� P�4 W� ieMw�: <br />__ _ ___ _ _ <br />
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