|
. ?� .�Gs� "P=, -----=�`x..`'z �s" ---- � - - a_" c -`�`i r _ 6� ..� --
<br /> . . . r ...-... . . _
<br /> � �_r.�_. _._... . ... .� , , . ,.._.
<br /> - . —�---r-- : . —c--�-__ ___ _ -
<br /> .,� .
<br /> _ �:
<br /> . . . . _.,.. - -._ �.
<br /> --•: . . � _ _ ' ' .." ,,y�a� -_ _
<br /> _
<br /> „ ' ` ' ' ` _,' ' _' ' ' ' ' " , .. �_ � . _:._ _.�� _ _ _
<br /> _- —_ � ._�. . ,
<br /> � 5.' .r�_r .� _
<br /> ._'^^rr , . .. . - .- .._ . . � `� � f�`.`�y_
<br /> V`�� u; � t �� -
<br /> �, k Y • Boirower may cure sueh a defauft and r�nsteie. as Provlded in paia9raPh 18. bll caustng the acdon os pmceed:n9 to be � , � .: .;
<br /> �Y '° 6ismtssed wlth a ruQng thaf.in Lender's good faith determs�aSon,prectudd tod..iture of tha Borrowets Gderest In the Prcperty ar � ',:� = ,�r"`:�
<br /> . ' other tnaterlai tmPai�mznt ot the I'r�n created by thta Seaultyf(nstrw�neM or Lend�'s aee�ufty interesstt. Bocrower sha0 e[so ba in . �"a�.; '.}-. ;,� •.s
<br /> ���a�;,�.. ,�w`,".
<br /> .�'.','. detauri U 6a�mwe[.during the loan�D�fn orortnatlony inV eo�ecUQ� witt►the toen erideniced �/the Note nctuding.but not - :,:::s:�
<br /> � ,c �� �ad t0 pt0Yld9 (.e�tQer tY1th enY 9 89 8 pdtleipa! [ESidellCe. !f thiS Sel:urtt7f y y � �` '
<br /> I!mfted to. represerdations conc�rnin Borrae�er's accupancy ot the �uq�Y , .
<br /> ` • `•S • tnstrument is ati a Iease h o i d. B a r r o wa shsU eamAtY wKh aA tha provFsions ot the lease. tl Bocrawe►acquhes tee title w the . .. •,.
<br /> .t e leasehofd end tf~e tee We shaD nat merge untess LenQer�agrees to the mergev In wrttlng. �� }:�: �-}-..�`�`�`
<br /> ` , , Froperh►•tt► 1/Bartower taAs W perfattn tAe covenants end�agreertserta � ', _ �,_=-_
<br /> .. `: 7.Preteetton ot�ender's RtgMs In 4he P�np�Er�y. thot maY slgni8cen411�afteet Lender's �tghts in the Preperty ��; � =
<br /> co�ained in this SrcutttY Instnunent.ar there Is�iegai pro dL►9 = _
<br />.. . . ��`� (such as a proeee�t►g in i�snlaWt�Y•Probate.tor condeennaUon or far[eiNre or to entorce ia+vs or regulaltons),then Lender may �A ,<..;>�;y� ,``°=_`�
<br /> tor whatevef ts necessa�5►to prote d the vafua of the PmpedY and Lende�a dghts in the Propeny. 1.ea�d�'s adions � � _
<br /> ,'�."` : do an4 PaY eadng In couA. PaYtr►9 z �'�; �-
<br /> ' may indude DayM9 4�►Y �secured by a Ren whieh has pdorit�► over tHts Securily tnswmetrt, aPA � _� `.
<br /> 4 -
<br /> . =�� ceasnnehle attemeys'tees and e�erfn9 ae the PropeRy►to make�ePairs.Atthough lender.mal!take adion unde►this Dara�aDh � %s, s r�„4..
<br /> �� ���
<br /> - .-',. 7.Lender does aot l�ave!o dc so. ° � =
<br /> t �� � : ,1 h 7.sha11 beeome aBdiUonat detrt of 8orrower secnred b]t�s��Y , � � .
<br /> �; • Any amounts dlsbursed by lender under paragrap en� these amourts shaD 6ear tni�hom the date of � _ • -
<br /> ' tnstiument Uniess Borrower +mA Lende►agree W other temss o1 Paym � "�"'°_-�
<br /> �spu�sement at the Note rate ai►d shafl be paYaDte,w@h irtte��i.�Don notice irom lender to Borrower�equesdng DaYm� � _---
<br /> . '=. . ` $: MOi�gB$0 1[I81�fatlC4. if Lender retNhed maR9a9e tnsurance as a eondHon af maidn9 the laan secured by this ( ,:r�;�_-_....
<br /> ,- � 4 ";. �tequired to malntafn the mortgage insurartee in eftec4 If.for any reason.the �
<br /> Securfly tnstrument.Botrowet ehaSt paY the Pre�u t{te prEmiums requhed to � -
<br /> ' morDgaSe insurance a?vera:3e rs4nUed hy Lender tapses or ceases to be k►eRed. Bonawer sfiaD pay ���to the �
<br /> •
<br /> � ,f ob�in caveraga substantia4�►e4utv�alent to the moKgage insurance prevlousry in eftect. at a cost subshanti�atly+e4 _
<br /> �� �� � ' ' .� cost to Bortower ot the mortgage�insurance previously In effecL trom an altenate moKgage insures apProved 6y l.ender. H �•,--
<br /> . s u b s t a r►ti a U Y e q u(vat�rt maRgage Tnsurance coverage fs not a+ralabte. Bortower shail pay to Lender each month a s11m eqnal W �;;.�.
<br />- _ . ` � .. on�iwetfth at the yearry mortgage insurance premium betng pafd by Bortower w hen t h e i n s u r a n c e c a ve h�suranca. Lass�enrte k"
<br /> be in effed. Lender w�accept, use and[etafn these paym�ts as a tosa resenre in liseu of mortgag �
<br /> u --
<br />,- Paym¢�ts may na tonger b�rec�ulred.at the opUan of lende►.it mortgage ins�uance coveraSe G�the arteau�and for the pedod � _.--
<br /> ' thal Lertder cequiresj pmvtded Dy an insurer aPProved by Lender ag�in becames avaVabte end Gs obtained. Borrower sdaU pay . _
<br /> �a
<br /> • _ ttre premiums required to ma6rtalre mortgage InsuraRCe tn effect.or to prov[de a toss reserve. untfl the requireme�t tor moctgage --_ __ _
<br /> � � inswrance ends in aceord3nce wdh amr written agreemertt Eetween Bartower end Lender or appUcable taw. -- .R
<br /> _. ... . _. . =^:,..�.� 9. tnspectto�v.Lender ar its agertt may make�easonabla enUtes upon and inspedions of the PropertY. Lender shall gtve - ----
<br /> _ Barta,NE��aUCe at tRe time of or pdor to en fnspaedon specityhig reasonabte cause fer the inspec6on.
<br /> . ,.=.�"; 10. CondBmnstlon.The proceeds of arry award ar daim for damages.�IIrect or conseque�iel,in conneetion with�enfl
<br /> �-.�:. %:. R ot lfie Property..ur for conveyance In Ueu of condemnatlon.ate hereby assigned end
<br /> ' condemnaUon or ather taking of any pa �
<br /> • `. " ..� shaU be paid to len�er. the proceeds shall be appQed to the sums secured by thts Securfly .
<br /> -- �...:.�` In the event of a tntai tafdng of the ProPeAY• tn which
<br /> - , . tnsbwnent,whet6er ov nat then Que.with enY excess pald W 8armwer. In the event ot a paAial taWn9 of the PropertY
<br /> . the fair madcet vafue at the ProPenl►imme�at�ly betur�the taidng is equat to or greater than the amo�mt of the surrts securea s. ,.
<br /> . ,. By this Securfry Ins�trumefi Unmedfately before the tek(n9� unJess Burrower and Lender athen�vlse agree in writing, the sums• _ ___-
<br /> secured by tAis Seart�l���m�shari be redueed by the amouni oi the proceeds muftipifed by the fotlowfig lractIon: (a)the
<br />.�; •, totat amotui*_of the sumr seatred immediatey be[ore the tatdng,dtvided bY(b)the fatr merkel vatue ot t�����8�� _
<br /> f= " . . , beta�the iaWng.My bafanca sfiall be paid to Bonawer.(n the avent of a paAtai taking the Property -
<br /> , _ - :
<br /> ' � velue of the F�roperty.immematety betore the taldng is less that�'t�e amaurrt ot the sums secured immedistely before the ffiidng.
<br /> . � • untess 9otrower and Lender otheryvise eeyee in writing or unless app�icab�e taw othervvise pmvides. the proceeds shall be �-.�_��
<br />:._�:,'. �•... : ��r•� appUed to the sums secured by thts Secur�ly Instrument whether or not the sums are then due. �. �M-- � -
<br /> i� „ . . if the Property is abandoned by Bo[rower,os if,after noUce by i.ender to Borrower that��heddate thsftnotloe�9iven. �`��
<br /> award or settle e cialm for damages, 8orrawer taIIs to respond to L,ender withfi SO d a y s r ,;��t--�
<br /> � . �
<br /> . . ._� ' �. '.• Lender ts euthorized to coQect and apply the proceeds.at its optton,efther to cestoration or repa]r of the Properiy or W the -__
<br /> sums secured by this Security Insirument,whether or not then due. ':�� -
<br /> � Untess L.ender and Borrovier othenNise agree in w�itfig, a�Y eh8;�°�2 c tcbang tl�e am�ount ot such npayments d or „J � �_
<br /> � �` postpone the due data ot the morrthty payments reterred to tn paragrap
<br /> � �� 11.�ortower Not Roteased; Forbearance By I.ender Not a Waiver.Extans►on of the Ume tor payment or , �'" a__-
<br />� � � � modifteaUon ot emoNzatton of the sums secured�y thts Securiry(nstrument 9ranted by Lender ta any successor in intemst of _
<br /> F;. . ,. Borto�nrer shall nat operate to retease the Ifablllity of the original Borrower or Borrower's successurs In irrterest. Lender shaA not • �,T Y �
<br /> ty
<br /> ' '�� .' be requUed to eommence proceedings agatnst arry successor in interest or retuse to extend time tor paymerrt or otherwise ��_
<br /> � modity amoR(zatlan o1 the sums se.vired by fhis SecuAty InsWmeM by reason of�yh�����d$hall not be a wahre Wot or ;- � 1 —
<br /> •' � . Borrowers s u c c e s s o r s i n tnterest M y forbearance by Lender in exercising any g dY . � �
<br /> �� . . ,, preciade the exercise o1 eny dght or remeQy. Cp.g� Rerp.The covenants end
<br /> � 12. Successors and Assigns Bound; .Joint and Several Uability; S F J ���,�.-
<br /> • ag�eements ot this Securiry�nstrument sdall bind end benefit the successors and asslgns of Lender and Bonower.subJect to the {-,,'. � , _
<br /> • provisions of paragrapb 17• BorrowePs covenants and agreements shall be joint and saverai. My Bortower who�s�9n�n�hls ` �: _
<br /> ' ' gecurity InstrumeM but does not execute the IVote: (a)is casigntng thls Security�nsUument onry w mortgage,gr�n ell � �w
<br /> - � that Borrower's interest in the Property under the terms o1 this 8earity Instrumen� (b) ts not personally ob�gated to pay the :.r�,..�,_.-...
<br /> � sums secured by this Secu�ity tnstrument: and(e)agrees t ha t L en de r a n d a n y other Bortower may agree to extend, madify, ' .-.:r�....,�:a=
<br /> . � torbear or make any accommoct�ons wfth regard to the tertns of this 3ecurity Instrument or the Note without thst Bonower's
<br /> .. _'• �onsent.
<br /> ' ' • 13. Loan Chargea U tne loan sec��ed by this Security tnsVUmetrt is subJec! to a law which sets maximutn�oan . :_ _
<br /> . . • .� ' charges, and that law is fma;ty interpreted so that the Interest or other Ioan charges colleded or to be coltected in eonnecUon
<br /> � w ft fi t fi e l o a n exceed the pertnitted Umits.then: (a)any sucb loan charge sha0 be reduced by the amount necessary to reQuce
<br /> � � ° the eharge to the pemnitted I:�nT and (b)any sums aiready co l te c te d hom B o r ro w e r a�h l c h e x c e e d e d p e rt n i tt e d Q m 3i s w10 be -
<br /> refunded to Borrower. Lender rnay choose to make this refund by reducing the pdneipal owed under the�Iote or by maicirtg a ,
<br /> � CUect payment to Bonower. ft a refund reduces prindpal, the reduction will be treated as a partlal prepayment without eny . ,
<br /> .. � prepayment charge under the Note. , :-
<br /> � � 14. NOflCee.Any notice to Bortower provided tor in this Security Instrument shaU be glven by deL'vedng it or by mailing(1
<br /> ' by tirst ctasa maii unleas aAPlitabie law requires use o1 artother melhod. The noUce shall be dire�ted to the Properiy Addcess
<br /> �'' . • or any other address Borrower designates by noUce to Lender. My notice to Lender shafl be gtven by first class maU to ` ,
<br /> Lender's address stated heretn or any other address Lendec designatas by noUce to 8orrower. My noUce provided for in thia
<br /> ' � Secudty Instrument sha11 be deemed to have been gtven to Borrower or lender when given as provided in this paragraph•
<br /> " � � • � 15. Goveming Law; Seveea3�l�itl/• this Security InsUument shall be govemed by tederal law end the Iaw o1 tho • .
<br /> �_ '. � judsdicllon in which the Properry is located. tn the event ffiat any provision or ciause of this Securiry Instrument or the Note ' . ',, i ,
<br /> _ conflicts with applica6le Iaw. such conilict shail not aNect other provislons o1 thls Security Instrument or the IJote which can be
<br /> � � . gtven eNect without the wnflicting provlsion.To this end the provislons o}this Security Instrument and the Note are dectared to
<br /> , be severabte. •
<br /> - , •. . . 16. BOiroWer'8 COpy.Bortower shall be glven one eontormed copy o1 the Note and of this Security ins ent• _ .
<br /> ; , . I ��Y11--// . .
<br />.. " � � Pa9e•3 015 — . .
<br /> .
<br /> ...... ' ._.� F1316.LM6(t19� �� ..
<br /> .- � .
<br />. •---_._�_'--:--'-_-7
<br /> .t, • ` 91226 � ' ,:� -. , �
<br /> . :. ��
<br /> � . '
<br /> .
<br /> . . �, _..� .....�-.---f-- -'_.= _--•-•-�-r-^�---_'.rr--•-��_ _----
<br /> _ � � ; _. — ; _ _
<br /> . . --.-T.::ti...�--�..r..-;-.:�..:�--.- 'TTT'
<br /> �...
<br /> ...n...
<br /> . . . . . . . �. � .
<br /> 1. � •
<br /> , _ . .� �. . . . .� '.. . . .._ _"_ .. •4. . . . �. . . . . •Y• r .
<br />
|