|
,�-
<br /> '� _
<br /> t}
<br /> :e:
<br /> . '`' __ ___ . _ _ .
<br /> .r..
<br /> �� 98- A,�
<br /> WY�a�y�lon�ar be roquired,at tt�e option of Lerxkr, if mortgsge insuruxx covenge(in thc amount ar��l or�ch�d�od
<br /> t!w Lender roquira)providod by an inaanr approved by Lender agdn bxomea avaitable And i�s oM�ined. Hotrower shall paY
<br /> the premiums required tA n�aint�ln mort�e inaunnce in eftoct,or ta provide A losa rcserve,until the roquinement for mortgege
<br /> insuru�oe erda in accordar�ce with any written p,�roement between Borrower and I.ender or applicable I�w.
<br /> 9. ��°°.t.ender a'1ts aRent m+y make rawrulde entria upon ard inspections of tha Property. Lcndcr shall give
<br /> Borrower notia at ihe time of or prior to an inspection specifying reasonnble causc for the inspcction,
<br /> 11�• C°ndemwtlon• 'I7�e pr+ooeed:of�ny �wud or cl�im for damtges, diroct or rnnsequential, in connection with�ny
<br /> condemnation or other taking of sny part of the Propeny�or for conveyance in licu of condemnation, are hereby assigned and
<br /> ahall be paid to Lender.
<br /> [n the event of a total taking of the Property,the procoeds�hall be app;�od�o the sums securai by rhis Securiry Instrument,
<br /> whether or�xx then duc, with any exccss psid to Borrower, In the event of a partial taking of the Prc�perty in which the f�ir
<br /> marlca value of the Propeny immodiately before the taking is oqual to or g���r than the nmount uf the sums secvrod by th�s
<br /> Security Instrument immediately before thc taking, unless Borrower and Lender othenvise agroc in w,rihng,the sums secured by
<br /> thia Savrity Instrument shall be reduce+d by the amount of the proceeds multiplied by the following fraction: (a) the total �
<br /> smount of the sums socurod immediatcly before_thc taking,divided by (b) the fair market value of Ihe Property imntediately
<br /> before the ta{�ing, qny b�letke sha1� Fx p�d to•Borrower. [n the event of:a panial taking of the Property in which the fur
<br /> mark,et value of the Property immodletely befar�the tak�ng is less than the amount of tho sum3 securod inunediately befone the
<br /> ,. Wcin�;:untess Borrower and I.eoder otherwise agree in writing or unless applicable Inw otherwise provides, the proceeds ahdt
<br /> be applied to the sums socurcd by this Security Instrument whether or not the sunu ure then due. '
<br /> , If the Property is abandonoQ by gprro�yer,,t�r.if,after notice by Letxicr�fo Borrower that the mndemnor offers to make u► :
<br /> :• :, �w�rd or setde a claim for dam�gea, Borrower�falls to respond to I,endpr within 30 days after the d�►te the notice is given, `
<br /> Lendt.r is suthorized to collect and apply the proceiile,et its optlon, either.ta restoration�r rcpair of the Property or tca the swru
<br /> �eairrtl'bY uus�:urity I�trument.whether or`nbt then due. .
<br /> :Unless L,ender ud Borrower othenvise.agra in writing, any applicatinn of p �i�oCeeds to principal ahall not extend or
<br /> postpone the due date of the monthlY P�Y��1'eferrod to in paragrsphs 1 arid 2 or chu�ge the ama;nt of such paYmenb.
<br /> �1•Q°�*'°Mp'Not Rdered; Fa'ba�snce By I,ender Nut�Waiver.F.xtension of the time for
<br /> of am�itiratioo of the suma socu�+ed by this Security InaWment grented by l.ender to my successor in in�terdt of Bomower ahnll
<br /> not o�rate to rdwe the liability of the original Borrower or Borcower's sucoessors in intercst. I.a�ler ehall not be roquired to
<br /> oommtt�oe Proaedl�a�ainat any auoc:eaeor in 3ntereat or rcfuse to extend time for pryment or whenviae mod�f�,�mor���
<br /> of the wms ravrod by this Savrity lnstrument 6y t't.a.enn nf aR� derr.�::d m:�, by t�K �,��in.i Borrower or dorrower's '
<br /> - �uooeMOn�in lnterest:A�iy forbear�}nc�e by L,ender in eaercising any right or nemedy sha11 not be a w�iver of or preclude fhe
<br /> �•'.::' exaeise of uiy d�ht or ranedy.
<br /> 12. Suooewor�and A�w�$ound; Jdnt and SeveraU Ll�bility; Co.si�qM• 'Ific cova�nta and �ramenta qf thle
<br /> Security instniment ahall bind and bet�efit the succeaaors and��wigns of Lender Rnd Borrower, nubjoct to the pros�Islana;of ' 1
<br /> •. • para�raph 17. Borrpwer's coverunts and agroements sh�(1 be joint and several. Any Borrowa who co.�l�ns thla Secuirity ,
<br /> lr�trument !MU doas nat eaec�te the Note, (a) is caeigning thjs Security Inatrument only to mort�a�e� gr�nt and oonvry th�t
<br /> Boniow�er's latetat in the P��opercy under the terma of this Sxurity Instruma�t; N)ia not persotWly abli�ated 10 p�y the wpr
<br /> �und by thit Secudly Iu�tn�mait� �nd(c)aareea that L,ender end any other Horrowu may��to extaad,modify,focbar or
<br /> aloe�'a000meio�dNiont Mith re�a�d to the terms of this Savrity u�atrum�nt or the Note witlx�ut tluit Bormwer':oonsent.
<br /> 19.I.or C'Ire�es.If the lan recurad by this Security Inatrummt is aubjea to a law which sets muimum laan c�et
<br /> aod d�t Inv l� Hn�11y irKa�preted eo that the interest or other loan charga coUeaed or to be oollected in aonnectba wlth the : ,
<br /> lo�n eacoeed t6e permiued limita. then: (a)�ny such lorn charge alull be reduaod by the anaunt neoese�ry tu rcauc�a�u",�e �` .
<br /> to t�MnNttad limit:�ed(b)�ny sums already oollectad fmm Borrowv which aceeded permi l�it�,�be rcti�nded W
<br /> Hor�o�er. i.eoder rn�y rlaae to milre thla roftind by reducjng the principal owed under the�c�te or by mdopB.a direct
<br /> P�Y� �o Ba�nvwrer. U a tefut►d roduoea principal, the roduaion will.li� tratod sa Q p�W ��y� ���t any
<br /> P�'�D'��r�e qnder the Note. � •. � ..
<br /> 11.NMlor.Aay notia W Borrower provided fur in this Savrity Incaument shall be givcn by deliverinQ it or by m�iL'uj
<br /> it by&st day m�il wdeas�pptksbte law requira use of another method. The notice�hall be dirocted to the Prope�ty,�Wd�
<br /> ar aqy od�ar add�ra� Bomower dai�r�tes by notia w l�der. Any notia w Lender slull be�ivea by Acst cLus m�il w
<br /> Leoder's dRJrew uated harin or�ny other add�eu L.mder desiQntles Dy notia w Barower. Any naioe provided for_in thl�
<br /> 5avritY Intttumeat s�ll be demned W have bern�iven to Bormwer or l.ender wha�givm�pmvidod in thit p�rijnph, '
<br /> 1 .Cowr�•.�.aw; 3era�sbflfly. Thu Securiry InatNma�t slWl be govecned by feder� law and the I�w of the �
<br /> jurirdkxian in whlch the Property is locatod. In the everx th�t u�y provision or cl�uae of thie Security Instrumax or the Note
<br /> emtlicb wit6�pplicable I#w,such conflict shall not affect otl�er pmvisio�oY this Security L�truma�t or the Note whkh an be �'�',:,:
<br /> jiven effea without the confticting proviaian. To thie end the provi:iona.of Wia Securiry Irotrurnent and t!�N���laned
<br /> W be�evenbla �
<br /> 1�.8orrow�er'a•Copry.Bonrower ehall be given one confom�ed copy of the Nae and of this Security Instmrt�ent.. ., , .
<br /> Fon�JO�:d !I!0
<br /> . Pplipf0� - . . .. -
<br /> . . .. •i
<br /> � ' ):- .
<br />
|