|
, ,. �
<br /> . . � _ ,•,;,.,. „��-:o
<br /> -- - _ __.. _.--- _--._.__ __ . . . - - -__- - -
<br /> - �---.. ._.... . :=�.;:.._.. _.
<br /> . •.p"��1: , .. _.... 1�r , . • •"tw-YV+MpIM�1�_ .
<br /> - .,��, . �. . � ,�i . ..��\�4h.Lri�'
<br /> • . �� . . . .. -'��':l`'':.i's.,=—•.,7�'��/S�'.':
<br /> � •• � .. . . . ...�4., 1_. ' ' _ _
<br /> .. . r � ��/'Y�:�.
<br /> � .. . � � �• j���,-
<br /> i � ,
<br /> �
<br /> 1 f . . � �}=
<br /> pnymen�s may no longcr bc royuircd,a�thc o�tlon nf Lcndcr,if martgagu insuruncc covcrngc(in thc amaunt and for thc period �
<br /> � that l.cndcr requlres)providcd by nn insurer approvcd by Lcndcr agoin bcc:omca uvaulaUle und is nb4vned.BoROtiver sh.1U p.�y Ihe , _.,_.a
<br /> prcmiums rcquircd w maintain mortgagc insueancc In cffcct, or to provldc a loss rescrvc, until thc rcquircmcnt for mongagc ";',,;.,:,; .'„
<br /> •+�"'w� �f �,(��_�
<br /> -- insurance ends in ec:cordance wi�t► any written agrecmcal betwccn Bonowcr and Lcndcr or npplicablc law. � � s ,,
<br /> �' � 9.Inspectbn. L.cndcr ar its agent may mekc reusanablc entries upon and inspccdons oF thc Property.I..endcr shall givc y .;,r�.h ,��, _ �
<br /> Sp
<br /> Bonower notice at the time of or prior to an i�spcction specifying rcasanable cause for the inspectian.
<br /> d or claim for dema es, direct or consequential,in connection with any � ,��tr`,�i�y
<br /> 10.Condemnation. Thc proccecls oC any awar S . .-.�._
<br /> condemnadon or other taking of any parc of the Property,or for conveyance in lieu of condemnadon,are hereby assigned and � .•��•6___;- ---_
<br /> � '�`=--
<br /> shall be paid ta L.cndcr. �. � --
<br /> In the event of a total taking of the Property,the procceds shall be applied to the sums secured by this Security Instrument, ��. T
<br /> whethcr or not thcn due,with any excess paid to Bocrowcr.In thc cvcnt of a pardal u�lcir►8 of the Property in which the fair market ,��.(�-
<br /> value of the Property immediately beforc ihc taking is equal to or grcater than the amount of the sums secured by this Security _,�___
<br /> Instrument immediatcly beforc tho takinB, unless Borrower and Lender otherwise agree in writing, thc sums securcd by this _�° _�
<br /> Security Instrument shall be reduced by the amount of the procecds muldplied by the following fraction: (a)the total amount of ;���'.A;�
<br /> thc sums secured immecliately bcforc the taking, dividcd by (b) thc fair market value of the Property immcdiately bcfore die ;�__kv�
<br /> :ji�.T':.�ii..
<br /> taking.My balance shaU be paid to Borrower.In the event of a partial takin8 of the Property in which the fair markct value of the ,.�,_.._.,.:
<br /> ,..:--°
<br /> Property immediately before Ihe �akir►g is less than the amount of thc sums securcd immediately bcforc thc taking, unless ��'
<br /> Boaower and I.ender otherwise agree ln writing or unless applicable law otherwise provides,the proceetis shall be applied to the ��:__
<br /> F.�,�. .
<br /> sums secured by this Security Instrument whether or not the sums are then due. ;�._.:�
<br /> ��.�:
<br /> �' If the Property is abandoncd by Borrower,or if,after noUCe by Lendcr to Bonower Ihat thc condemnor offers to make en ;.,�.,�
<br /> '� award or settle a claim for damages,Borrowcr fails to respond to Lender within 30 days after the date the notice is given,Lender .�a;��.,� ._
<br /> is authorize�to collect and apply the proceeds,at its option,either to restoradon or repair of the Property or to the sums secured , ri;.,���-
<br /> by this Security Instrument, whether or not then dua i
<br /> � Unless Lender and Boaower otherwise agree in writing,any application of procceds to principal shaU not extend or postpone
<br /> _ . . ��du��arr_.�f�he mon�hly payments rcferred to in paragraphs 1 and 2 or change the amount of such payments. ��
<br /> �,_ ,;. r�,_
<br /> 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension oi the [ime for paymcnt ur �nixisc,atios __ :�
<br /> of amortizadon of the sums secured by this Security Instrument granted by Lender to eny successor in interest af Borrower shall ,=or�'�,`
<br /> not operate to release the liability uf the original Borrower or Borrower's successors in interesG Lcnder shall not be required to , �.�.
<br /> commence proceedings against any successor in interest or refuse w extend time for payment or otherwise modify amortization of s'-�.,�-,
<br /> the sums secured by th�s Securiey:nstrument by reason of any demand made by the origin�l Borrower or Borrower's successors '�-
<br /> in interesG My forbearance by L�ender in exercising any right or remedy shall not be a waiver of or preclude the exercise of eny _ -
<br /> right or remedy. �-
<br /> 12.Successors and Assigns Bound;Jotnt and Several Liabilfty; Co-siqaers. 'Il�e covenants a��d agreemcnts of this � �
<br /> Security Instrument shall bind and benefit the successnrfl and assigns of Lender and Borrower, subject w the provisions of _
<br /> paragraph 17. Borrower's wvenants end agrcertecnts shall be .joint cu►d sevcral. Any Borrowcr who w-signs this Security ,
<br /> � Insuument but dces nuc execute the Note: (a) is w-signing this Security Insuumen[only to mortgage. graTet and convey that
<br /> Borrowcr's Interest in thc Properry undcr ihe terms of th�s Secwtity Insuumen�(b)is not personally obllgated co pay the sutns
<br /> secured by this Security Inswment;and(c)agrees that Lendr,r ond any other Borrower may agrec to extend,modify,forbear or �
<br /> - � # ma{ce any accommodadons wiU� regard to the tertns of this Security Instrument or the N�te without that Bonower's consent.
<br /> 13.Loan Cherges. If 1he loan secured by this Security Instrument is subject to a law which ��, «�a,�anum loan cherges,
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be wllected in connection with the loan _ _
<br /> exceed the permitted limits.�hen:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge to the
<br /> � permitted limit;and(b)any sums already collected from Borrower which excceded permitted limits will be refunded to Bonower. -___.
<br /> a Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to
<br /> �� Bormwer. If a refund reduces principal, the reducuon will be veated as a partial prepaymen[without any prepayment charge ��_���_
<br /> j undcr the Notc. ��T""�"�"��-"'_
<br /> •,.��r�
<br /> � 14.Notices. Any notice to Bonower providul for in this Security Inswm.ni shall hc given by dclivcring it or by mailing it —
<br /> I by fasc class mail unless applicable law requires use of another method.The notice shall be d'vected to the Property Address or �, 'y. + .,�;
<br /> any other address Borrowcr designatrs by noucc to Lcndcr.Any nodce to Lender shall bc givcn by firsl class mail to Lcnder's �,:� '`•'� +.
<br /> address statcd hercin or any othcr address Lendcr dcsignatcs by nouce to Bonowcr. Any noticc providcd for in this Sceurity ��•��.� x,:'�
<br /> � Instrument sGall be decmed to havc bcen given to Bonowcr or Lender when given as provided in this paragraph. ... .«; =: .
<br /> � 15.Governing Law; 5ererability. This Security Instrument shall be govcmcd by fedcral law and the law of the �.,,, � �:�;,Y- �
<br /> � jurisdiction in which ihe Property is located. In the event that any provision or clause of this Security Instrument or the Note �:=���
<br /> � conllicts with appticabie la�v,such conflict shall not affect other provisions of this Security Instrument or the Note which can be ��1.. ,
<br /> � given effect without the conflicting provision.To this end the provisions of this Security Inswment a��d the Note are declared to
<br /> ; bc sevcrablc.
<br /> � Farm 3028 9190 ,
<br /> 1 fT..fD.eRINE)�es�zi.o� Pageao�e inn4ie:
<br /> i � . . -..-.__--_"__..--
<br /> . 4
<br /> �
<br /> _ _ _ __ _
<br /> _ __ _ _ ___ - _ —
<br />
|