|
� : ��^�.: ^��.��..., _�_ ._r.�....Ci_.�.~ :1. _ _ _ .�_��:���T - __
<br /> -IvR
<br /> � �-` — �.�;�:. �'�°��_ `-qF•� _ _�4 Y �
<br /> ,� �µk G i� _ T'__ V x�,-,_�.'..�_ _�.�_� � � _ _`` - � ' �'� .
<br /> _'t- _ 1 � T T . _."t � .. . 1 ' � `� �l .�
<br /> _ } _;r_�!'� `Y .
<br />. �.. �.-. �,., x.a� 4 c+ f.�- t�t �:� � a�� _ 'i� 5 4- t�����`{ -`'F , sti� 'F-��-' i.�` --� t
<br />. �-�t c c�.- �'a -2. 'S' FT. v'r
<br /> - t:e` •
<br /> r : F '£.C. . . .
<br /> . t. �-�r.� .
<br /> i,_
<br /> substantiaily&quiva�ni.mortgage i�snr.snce cc,verage is not avai[abte.Borrower sizati pay to Lender each month a sum eqna!to , ,
<br /> �..-'a:'•r ,�:.•�� • ott�twelfth af ttise ygar mortgage insurance premium being paid by Borrower afien the irtsurance coverage lapsed or ceased to - -:r".
<br /> � be in cffect.;L.eader wil�acx�pt:t�5e a�id retaid thesc payaients as a tess r�erve in lieu of mortgage iasurardce. Loss reseiti+� ,'`
<br /> _ ._` ' �`:`` � paymeats m�y nD looges Ge reqairad.at the nptian of Lender.if mortgage iasnrance caverage tin the amaunt and fur t6e peri� .. �"+
<br /> • �°�°��:� • ti�t Lender �i��)psavided by an insur�s approved by Leuder ugaiu bewmes availabie artd is abtained..Borrower shall pay
<br /> ��; ,' �� � ch�premi�ams r�quired to maintain mort�age in5uranoe io efFect.nr to Qrovide a toss�eserve,unW tM�e ae�uirement for mort�e� -c�,`
<br /> ,`. .�, f�.� insnrance ends in a�xordaace with any wYitten agreement between Bflrrower and Lender ar agpticx►ble t��v. �-:�j=
<br /> ��, �..•:�'' . 4. Insgectioa�.Lender o�iis ageat may make rcasonable enuiea upon aad ic�pe�.�tions of the Property. Lender stiatl give� .. �',
<br /> '� -' •" '...�,' ,�-�r'-
<br /> ' ` Barrower�otice at the Bme of or prior to an inspectian specifying�easbnabte cause for the insp�rtiop. , ; .r_
<br /> �.���,,:����.���.;.7�� 10. C�ndemnstdan.The prooeeds a#'ar►y nward or sla�m for damages.direc4 or wnsequendal. in amrtection wiih an4y -��,_,
<br /> ' don or ather takin of an art of tha Pso e .ot for comreyance in lieu of condemfiation.are hereby acsigned end�► �:;-:`'�
<br /> 'r ;'"��: �. ° ',�^.. �vnde� � Y P P �Y
<br /> :� ,. . . �hall{�paid to i.ender. . `i� �-�
<br /> � .'�,;. ' Im the event of a wtal taking of the Propeny.the pmc9eeds shall be applied to the sums secured 6�this SecurIty Inscrasnent, . �
<br /> �vhether or not then due.with any excess pazd to Bortuwer. In the event of a partial taking of the Propetty in whicb the fair �
<br /> ����� rrr�rtcet vaiue of the Property,irs�matiately bcforc the takiQg�S equa!ta as greater thaa the a�ount 4€the sums s�cuced by this . � �-
<br /> .-�°=-�: _..�:�:� Secnritv instrument immediatelv 6efore ihe tukinfe.nnless B�rmwer aad i8nater athenvise agree in svriung.the sums secured by �----;
<br /> - � this Security Instcum�nt shall 6e reduced by the acttouat of the pro uttiplied by the following fracrion: �a) tHe totat �,:
<br /> _ . :���'"-.:��.: � amoune of the sums�ecureii immediately befoce the taking.divided b�e fair marJcet value of ihe Property imrnediately � �-�-.;
<br /> • �'��,•`: :;.�„ ' Sefore the taking. Any balance shall bc paid to Bomower. ia the event of a partia!taking of the Property in which the fair. • �--=.
<br /> � . • • market valae af the Propetty immediatety 6efore the taking is less thaa ahe amaunt of the suins secured immecSiatety before the �__,��
<br /> ___ taking.unles�Horrower and E.ender oihenvise agree in writing or unless applifa6le faw uthersvise provfdes, the prnceeds shall R.,_,-,,
<br /> . . :���: �" • be apptied to the saras secured by this Sec�irity L�stnunent whether or nat the su�ns are then due. —___
<br /> °� "�`" "� if the Praperty is abandoned ay Borrower.or it aft�er notirc hy i.enQer to Bomower that the oondeauior offors to make an �°'
<br /> � • e � `'��`'�•x� awatd or settle a claim for damages,Borrower fails to cespottd to L,ender within 30 days after the date the wdce is given. • �?--
<br /> - � Lender i5 autlwrizad w wllect and appty the praceeds,at its option,either to restoration or frepair of the Property or to the sums =-.��
<br /> � ` �� secured�yr this S�urity Instrument.whether or aat then due. . �°'::
<br /> . ,' `�L� `� Untess Lender and Borrower otherqrise agree in writin8. anY application of praceeds to paacipal shall not exten�or �-=:-
<br />` c;,y���,�,.`' ' , , . postpone the due dafe of t6e monthiy paymer►u referr�d.to in pardgraphs 1 and 2 or change[he amount of sucb paymeats_ �.�?���•
<br /> . � �_:_- .: `:��, 12.Bor�o�er Not Released;Fori�esrance By Leades Not a Waiver.F.�tension of the time for paymem or mod�t"icaiiun . .a..,_.
<br /> • '' :- of amortiration of the sums secured by this Security Insuumeat gran t e d by L ea der to any successor in interest of Borrower shall , ��'�,-
<br /> r �'����''� � not oper.�te ta ceteasc the liability of the original�arrower or Banower's���ors in irterest.lxnder shall not be r�cjuired to. � --
<br /> a
<br /> , commence procee�ings against any sUCCessor in iaterest ormfiuse to extend ume for payment or ot6ecwise madify am�rtizatiaa�• F
<br /> ; j,!`. ' af the sums secured by tdis Security InstrumPnt by reason of any demand made by the•original Borrower or Borrower's . �- '=.
<br /> _,€':.�..,;; .,•;, . .:.:,.' � successars in interest. Any forbearance by L,ender in exencising any right ar remedy shall►mt be a waiver of or ptectude the _"---
<br /> : ,t ., exercIse of any rip�t or remedy. _
<br /> , 4 . 12. Saccesso�s aud Asdgns Bound;�oint and Sevcra! 1.labUity; Co�stguers. The covenants and agr�ments o�this � 4--
<br /> •- °�-'�::� . SernriEyr Instrument shall bind and.benefit the successors aad assigns of I.ender and Borrower.subject to the ptovisions of.
<br /> �' �� � , � '" parag�aph 17. Borrower's wvenants and agreemertts shaU.6e joint and several. Any Horrower wIro c�-si�as this 5ecurity _�_
<br /> ..:��� : � � Instn�ment but does nc�t execute the Note:(a)is oo-signing this Seearity Instrument only to mortgage,granE and convey that — _
<br /> -� � ` :.<���r:t� �'` Borrotver's interest in the Praperty ander the tercns of this Security Insmiment;(b)ia not personalIy obligateA to pay the suras =-
<br /> - `�,'°,;,?�:, ' . . — -
<br /> �,: ;j: �;,1:..,, . secvred by this Security Instrvmen�and(c)agrees that Leiater and cury other Borrower may agree to extend�modify.forbedr or
<br /> ��,:`,•:` ;::• malce aayE accomia,odations witb regard to the ter�of this Secu�ity Instrument or the Nate uithout that Bono�ver's consen�
<br /> : �,•.;��., -
<br /> � 13.I.aan C&na�ges.If the tpan secured by this Security Instnimeni is subject to a taw which sets maximum loan charges, -�°—=
<br /> •.�f'����• � and tUat law is finally interpreted so that the interest or other loan charges wllected or to be collected in tonnection with the • --••�
<br /> • - :, " � !oan exceed the permitted limits,then: (a)any such toan charge shall be reduced by th$amount necessar�r to reduce the charge �'._
<br /> ' .' � �4� � to.ttie pemiitted lunit;and(b?az�Y sufns alteady collected from Borrower which excee�Ed permitted tirtuts wil}be refunded to ---
<br /> �zf, '�'' . Borrower. Lender may choose to make this refund by reducing the principal.owed under the Note or by making a 8irect -
<br /> •�•?•::
<br /> - � :•_�,. . paymem to Boaower. If:a refund reduces principal. tl�e redaction will be veaicd as a paniel. prepayment without any -.
<br /> ' • , • prepayment chasge under the Note. __. --
<br /> . • • . �" 14.NotEces.Any norice to Borrower provided for in thls Security Instrument shall be given by delive�ing it or by maiting _
<br /> . �� �• ' . it by first ctass mail unless applicabte la�v requires use af another method.The notice shall be dlrected ta the Propercy Address ____
<br /> � ���' �•��• �' or any. other address Bono�ver designates by not'sce to Lender. Any nouce to Lender shal! he given by first class mail to R___
<br /> � �'�i. • I,,endeP's address stated herein or ctny other address l.enster drsignates by notice to Boaower. Any notice pmvided for in this __
<br /> - • :. .,,��, � Security Inst�vment sha116e deesned to have been given to Boaower or Lender when givem as provided in this paragca�rIa. . _ -__ ��
<br /> ' � � 15.Gmcrni�� Law; Severa6iltty. This Security lnstrument shall be governed �y federal law and the Eaw of the --• -•
<br />= � � � surisdiction in w4�n�'h the Property is lorated.Ia c�e event�tl�at any provfsion or clause of this Security lt�dumeat or the Note -==
<br /> ` '.�•�� conflicts with app'.:cxble law,sucb conflict shall aot affect other provisions of this Securiry.Instrument or the Note which can be �=_•_
<br /> - • , � given e�fect without the oonflicting provision.Ta this end the provisions of this Security instrument aad the Note are deciared �
<br /> - ' .. , to bas.,-vcrable. . � -
<br /> - � � .I6.Borrower's Copy.Borrawer shal!6e given one conformed wpy of the Hote and af this Security Instruraent. �°`_�
<br /> .� �i' 17.Tr�nsPer of the Property os n Berz�Sreal Interest in Borrower.If all or any part of the Property or any interest in it �_`::
<br /> is sold or transferr�d(or if a 6eneflcial intere�in Borrower is sald or transferre�and Borrower is nat a natural person)without �= __
<br /> � �.. .. Lerder's prior written concent. Lender may, at its option. uire immediate payment in full of all suras secured by this �'`__:
<br /> - • � Searrity Instn�ment.However.this nption shall not be exercised�y Lender if exercise�s prohibited by federal law as of the date
<br /> :.<•.j: � . � ,' ef c.TM:�s Security Instrument. ' � -
<br /> • • � . If Lender exercises this option,Lender shall give Bonower notice of acceleration.The notice shall provide a periad of not �
<br />" ' . ..•,. � less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this =._�
<br /> ' �Security Instrumeat.If Borrower fails to pay tL+�.�se sums prior to the expiration of this period. l.ender may invoke any remedies - -
<br /> �� • permltted 6y this Security Instrument without further notice or demand on Borrower. '� __
<br /> , � � !S. Borrower'g R1�ht to Reinstate. If Borrower s.,�is certain conditions, Borrower shall have the right to have
<br /> . "' . enfcc�ement of this Security Instrument discontinued at any time prior to tha eatlier of: (a) 5 days (or such other period as ��� '
<br /> � appli+xblc law may specify for r e}n statement)be fora sate•of the Property pursuant to any power of sate contai[:ed in this � �:
<br /> • �� Security lnstrument:or(h)entry of a jadgmer.t enforcing this Secmlty Instn�ment.'I7iose conditions are that Borrowet:(a)pays �•
<br /> ' • • L�ender all sums which then would be due ur�+er thls Security Instrument u:d the Note as if no accc;eration had occurred:.(b) $'•_ �
<br /> `� '•� . • . cures any defautt of any other covenants or agreements:(c)pays all expenses incurred in enforcing this Security Instrument.
<br /> ' . . • includin�,but noi Ifmited to.reasonable attorneys fecs:and(d)takes such uction as Lender may reasonably rec�uire to assure
<br /> . , , that the lien of this Security Instrument.Lender's rights in the Property and Bottower's obiigation to pay the sums secured by • . •
<br /> � ' � this Securiry Instrument shtill continue unchanged Upon reinstatement by Borrower. th�s Secunty instrument and the .
<br /> obligations secured hereby shall remain fully effective as ii rta acceleration had occurred. However.this ri�ht to reinstate shall
<br /> " � . not apply in�he case of acceleration under paragraph 17.
<br /> � 19. Sate oY Note; C6ange of�.oan Servlcer. The Note or u partiaj intcrest in xhe Notc (tngether with this Security
<br /> ' • .� Instrument)may be sold one or mom times withoue prior notice to Bonawer.A sale may resuit i�a change in the entity(known .
<br /> ° � ' . as the"Loan Servicer"1 that callerts monthly payments due under the Nute and this Security Instrument.There also may 6e one �� �
<br />, ' or more changes of the l.o;m Servicer unrelated to A sale of the Note.if there is o change of tfsc Loan Servicet.Borrower wi!{be
<br /> ... • given wriuen nmice�f tha change in acwrdance with paragrdph 14 above and appficable law.The notice wlll state the name and
<br /> • _ �address of the new Loan Servicer and thc address to which payments should be made.The notice�vill also wmain aay other
<br /> � � information rcyuired by applicabte law. •
<br /> Z�. HsuarBous Substances.BorrowQr shall not cause ar permit the presence. use. disposal, storage,or release of any
<br />� • . • � Hazardous 5ubstances on or in the Property. Boma�ver sh:ill. n��t do, nnr allnw anyone else to do, anything affecting the
<br /> Property that is in violation of any Environmcntal Law. The preceding t�vo sentences shall no�apply to the presence,use. or `'
<br /> ��:: �� �. stora=e on the Propertv of small quantities af Haz�rdous 5ubst:►nces ihat are gerteraUy recn�;nized to be uppmpriate tn normal �•
<br /> � residentia9 uses and to maintenancc nf the Property.
<br /> .•, ' � , oogo 3 01 a Fatm 3028 9190
<br /> ' 1
<br /> ' , ' . .t ,. . . ' --.,:_... ._. .• ....,..:--� - -- .;.. — . -- - ....-- . . . - __.=— --
<br /> � • . ._� ....• ,._^._�. . �- :-:� � � �• �
<br /> ..__.�
<br />- ..�--""_-'''--�-:'^`;t_^"""'°....., .. ., .,:-"" .,., . ,... ._.,..:t.:.::•''.'7° _ � _..._.S .. ...: .' . . , . �,�. ....`... .- . � �•+1..° , l� _ .aa,..,...--f-cttaaa�,_.rA�'�+�. .
<br />
|