|
�...� I �
<br /> '-�+ -
<br /> , . , ....w
<br /> , .. .
<br /> iilhe. �
<br /> .
<br /> ��L.� �&'.�S_- •� ' _ "_
<br /> , �_
<br /> .� .'�:�
<br /> t:
<br /> �- ' .+.a ...�.........._.:��}.e_,...�..-�.
<br /> �..
<br /> .. . _"' __�.._
<br /> . _.._... .. .. _. __
<br /> . ._��_._ _..._.._
<br /> '��a.�y . .,..,...�r._.,.-..,_.__
<br /> =y�.:;.�•;�, .
<br />--•.M:...;,,,w;r .
<br /> �,�.��-. - , tiub�tantiully cquivalciit m�irtgu�;c in+urancc covcragc i, not ��v�iil,iMc. i3urrnwcr,hall �,a�•tu Lcndci rath munth :i ,u�u cqual ti�
<br /> °",�- `.. onc•twclfth uf thc ycarly nwngugc innur�ut�c prrmium hcin�; paid hy Burruwrr�vhrn Ihc in,w�anrr rm�rra�c luptir�ur rcascil tu
<br /> :.j,�ai2��;� �. .
<br />�?��,.�s�'�, , br in effect. Lcndcr�vili acccpt. u+c und retuin tlmtic���rymcntti as a I�is, rr,urvr in liru ul mi�rt�;igr in+urmcr. I.��sr, rc�crvc
<br /> • � p:iyntrnty may nu luu�rr hr rcyuirrcl, at ihc uptiun ut Landcr. il murt�:a}:c intiuranrr rovcri�r 1 iu th�amuunt and fur tlir periud
<br /> - • • . p, U�at Lcu�tcr req4iircy) prot•i�lc,l hy un inwrcr appru�rd hy Lcndrr�iguin hcrumrti a�ailahlc an�l i� uhtuincJ. Hurr��tirr �hall ��ay �
<br /> thc prrnuumti rc��uirc�l t��nwiniuin murl�a�c in,urunrc in�ffrct.ur t��priwi�lc a In�,rrur�•c.until thc rc��ui�rmcnt fur nwrt�:u�,c .�,,
<br /> �•j'�'� instn'an�c cnd.r in urcurduncc with uny �vrittcn agrccmcnt hctwrcn k3urn,�vrr and l.rndrr ur,ipplic;�hlr law. '
<br />",�'�'� �, � 9. I�is�xYUan. Lcnd�•r ur its a�rm nrry ntiiko rccuoncii�lc cntrir, u{wn :m�l intipcctiun.��t'thc {'mperty. l.cnJcr,h,dl givc
<br /> _ r..,• . Hurruwcr nuticc ut thr UIIIC UI UI'�llllll'lUilll IDy(ll'l'llllll ti�ll'l'IIYItlL R.ltiUI1:lI1IC cau�r fur�hr impccti�m. �
<br /> =''°�""' IU. Condcnntutlon. Thc pruccc�ly ul'any iiwurd ur rluun fur danmgcti, dircrl ur cun,cyurntial. in runnrrtiun a•ith uny --
<br /> .-,J-")'S
<br /> . . �, cundcmnatiun ur otlicr tnl�ing af�iny pan ��I ihc Nr��pert��. or ti�r ranvcyancc in licu uf cunJrnmati�m. arc hcrchy a�+igncd and � —
<br />'• �. � tihall hc puid lu l.cndcr. � `
<br />'=•3'� ' '� In the event uf a tutul takinN uf thc f'r��Fnrty, lhc prorCeds+hall hc appli:d tu thr+ums+ccurrd by thi� Sccurity Instrumcnt.
<br />_.�� '^�; whcthcr ��r not thcn duc. with uny rxrc�ti paiJ tn Hon•owcr. In thc cvrrn ��f u partiid taking c,l'thc Pn,prrty in which �hc t'air --
<br /> -- nu�rket vailuc uf thc Pruperty immcdiatcly helarc thc taking i�cyual tu ��r grcatcr than thc anwunt ot'ihc ,um+ �.cureJ hy this 1F
<br />°�;,r„•-•-_- Sccuriry in+trument immcdiatcly hefuru�hc taking. unlc�+Burrnwcr.ind l.cndcr uthcnvi,c ugrec in�vriting. thc tiuim�crurcd hy
<br /> ,.-_ _._... .:� thi+ Sccuriry Instrumcnt shull bc rcduccJ hy thc anu�un� uf' thr prurecd� ntultiplicd hy thr ti,lluwing fractiun: la1 thc total
<br /> ti amnunt of'tttc�:unr. >.ccared in�m���li��trlv h��fiirc thc taking. diviJcd hy lhl thc fair murkct �•ciluc c�f thc Prc�perty immcdiutcly _
<br /> bcforc tlic taking. Any halunrc +hull hc paid tu Bi,rrowcr. In thr r�rnt ��1' a p;irtial taking c,f thc Prupert�� in �+�hirh thc t�itr -
<br /> .. ... niark�t vuluc uf thc Pruperty immediutcly hcti,rc thc taking is letis than the amoinn uf thc,um�,rcw•cd inuncdiatclp bctiirc thc
<br />- . , ', , taking. unlcti�Bi,rrowcr.uid Lrndcr uthcrwi,c agrcc in writing or unlcti�applirahlc law athrrwi�c pruvidc,. thr prucecdti ,h:dl
<br /> • bc applied tu thc sum+�ecurcd by dti� Scruriiy Intitrumcnt whethcr ur m�t thc.um,arc thcn duc.
<br /> '''� �� If thc Property is ahanduncd hy Horr�n+•cr. ur i(. :dt�r nolicc hy l.rnder tn Edu�rowcr that �hc rundrmnur ufl'cr.t�,makc:ui
<br /> -` ' '� award ur +etNc a claim li�r Jumagr+, B��rruwcr luils tu respund to Lcndcr within 30 d.rys ultcr thc dale thc nutice is given,
<br />�`Tp'�t�;;�`���f� [.�:nder is authorized to cullect anJ npply the proceeds,at its uption,either tn reytc�rtttion nr repair of the Prop�rty or to the sums
<br /> _ •. . secured by this Security Instrumcnt,wheiher or not then Juc.
<br />���'� �' �� • ��y Unless Lender und Borrawcr utherwisa .igree in writing, uny upplicutiun ul' prc�cceda tu prin�ipal shall not extend or -
<br /> �_;�,;�.;��' . po,tpone the due date of the monthly payments refeneci to in paragraphs I and 2 ur chunge ehe amuunt of such payments.
<br /> • I1. Borrower Not Releused;Forbearance By Lender Not a Waiver. Extcnsion of thc tinu for payment ur modification
<br /> ' uf�morti�ation of thc sums sccured ny ihis Scrurity Instrumcnt grantcci by LrnJcr tu any tiuccr�tiur in intcrc�t uf Borrowcr shull
<br />�;��;;• '��•` not operutc tu rcle�,c the liabiliry of thc originul Borrowcr or Borrnwer's tiurccti�urs in�ntcrest. Lc.ndcr tihaU not hc rcyuired to
<br /> commencc pc�:ecdings againtit any surce�yor in intcrest or refusc co cxtcnd timc for puymcnt ��r c�thcnvisc modify amorti�,itiun
<br /> '���+-`• •%� uf thc swm securcd hy thiti Sccurity Instrument by reasun of any demand maJc by thc original Borrower or Borrower's
<br /> :. ��'•�' successors in interest. Any furbearac�ce by Lender in excrcising any right or remcdy tihall nut be a wuivcr uf'or prrclude the
<br />'����•�• � exercise of any right ar rcmcdy.
<br />;,;;,,.•,... .;;� 12. Successi►rs und Assl�ns Bi�und;Joint �nd Several l.iubility; Co-si�;ners. 'Phc covenants anJ agrcementti of this
<br /> �,:r:a.•.-..�,� • Security Instrument shall bind und henetic thc suceessorx und utisi�ns ��f Lendrr cmd Burrower, wbject to the provisions ut'
<br /> . paragraph 17. Bnrrower's covcnantti and ugrecments shull be ,joint and scverul. Any Burru�tier who co-signs [his Security
<br /> ` (nstrument but does n�n execute the Nni�: lal is ro-tiigning thi� Sccuriry Instrument only t� nwrtguge, grunt und ronvcy that
<br /> '�. �<<; Borrower's interetit in the Property under the termti ot th�s �ecunty lnstrument: tn) is nui per�unaiiy uiilibuic� t.�puy th;.;umc�
<br /> `'"' secured by this Securiry Instrument; and(c)agrees that I.ender und any other Borruwer may agree ta extenJ,mudify, ti�rbear or
<br /> -.:�nl��`'''�`��w make uny accommcxlations with regurd to thc terms of this Security Instrum�nt or thc Note withuut thut B�.rrower's consent.
<br />___"�'•a��i�i�tj. 13. Loun Char�es. If the loan sccured by thiti Security Instrument is subject to u law whirh scts maximum loun charges,
<br /> �`"`�'"�"`�` and that law� is finally interpreteJ w that the interest ar other Inan charges collected or to bc collected in connection with the
<br />-:J�..•-
<br /> -°`"�'r����`; loun exceed the pem�itted limit., then:(a> any such loan chsrge shall be reduced by thc um��unt necessary to reduce the charge
<br /> �� „r„�=.,�,.t..
<br /> ✓� 1 ��; to thc permitted limit; and (b) any sum� ulready cuUccted f'rom Borrowcr which cxcccded permitted limits will be refunded w
<br /> _�< <.,.. �r�
<br /> �-':�``l Horrower. Lender mu chuotie tu mUke this refwid by reducing the prineipal owecl under the Note or by making a Jirect
<br /> ''"�r��r,=;,.i� plyment to B��rrowery If a refund reJuces principal, the reduction will be treated as u partiul prepayment without uny
<br /> ~•-~��• prepuyment rharge under the Note.
<br /> ^_"M�ry--t�'-�''� 14.Notiees.Any notice to Borro�ver provided fi�r in this Security Intitrument shall he given by delivering it or by mailing
<br /> ��,�•'•:`"+�: ' it by first class mail unless applicablc law rcquires usc of unuthcr nuthud. The nutire shall bc dircctcd to thc Property .4ddress
<br /> ' ��'%�,��,:, or any other address Borrower designates hy notice to Lendcr. Any notice to Lender shull be givcn by first cluxs mail to
<br /> '�.�`�`� Lcnder's uddress statul herein or t�ny other address Lcnder designates by notice to Borrawer. Any notice providcd for in this
<br />`-_°°°*�'^+'� ' Sccurity Instrument sh:ill be dcemeci to have bu:n given to Borrower or L.endcr when given as provided in this paragraph.
<br /> -,,�_�,. l5.Governin� I.aw; Severubtl(ty. This 5ecurity Instrumcnt shall bc guvcrned by fedcral law and thc luw of thc .
<br /> �� �,:�:; jurisdiction in wliich the Property iti IncateJ. In the event [hat any provisicm or clause of this SeCurity Instrument or the Note
<br />��a`"'-h'.;•':-.� conflicts with applicablc luw. such conflict shull not nffcc[c�thcr proviswns of this Security Instrumcnt or thc Notc which can hc
<br /> ' given effect without thc cunflicting prnvision. To this end the prnvisions of this 3ecurity Instrument and the Nc�tc are declareJ
<br /> -- -..-. to bc scverablc.
<br /> ' '� 16.Borrower's Copy.Borrower shull he given one confornticd cupy of the Note anJ oi'this Securiry Inztrument.
<br /> '�`' � � 17.Transfer uf tlie Property or a Beneficial Interest in Burrower. If all ur any part of the Property or any intcrest in it
<br /> ';�=_..,,;f,•,.: ., is tiold ctt transferred (ur if u beneficial intcrest in Borruwer is tiold ur transfcrred and B��rruwer is not a natural person)withuut
<br /> , ' •'�; ` Lcndcr's prior writtcn con,rnt. Lcndcr may. .�t its optic�n, rcyuim immcdiatc paymcnt in full of all suros sccured by this
<br /> � Sccuriry Instrumcnt. Howcvcr, tliis c�piion shall not bc excrciud uy Lcndcr if cxcrcisc is prohibitcJ by fc�lcral law us of thc dutc
<br /> - of this Securiry Inxtrun�cnt.
<br /> If l.cndcr cxcrciscs this uption, Lcndcr shall givc l3orrowcr notirc uf accclrratiun. Thc nuticc shall providc a pericxl of not
<br /> • lc�a thun 30 Jays frum the datr thc notice is dclivcred ur mailcd within whirh Borrawer must pay :dl sums secured by thiti �
<br /> . Sccurity Instrumcnt. If Bc�rruwcr f'ails iu pay thctic sumx priur tu Au cxpiration ot�thi. periu�l. L�ndcr may invokc any remcdics
<br /> permiucJ by dtir Sccurity Gtstrutncnt without f'urthrr noticc or demand on Borrawcr.
<br /> � I8. Borrower's Ri�;ht to Relnstate. If Borrower meets ccrtuin cunditiuns. Borrowcr shull huve the right tii hitve
<br /> enforceroent of this Security Intitrument di,continucd at any time prior to thc carlicr ��I: (u) ,5 dxys (or such other period us
<br /> appliruble law may tiperify fur reinstatctnent) hcfore sale of the Prc�peny punu�+nt t�� any power uf sale cunlained in this
<br /> ,. Security In�trument: ur(h)cnuy uf ujud�mcnt enfoning this Scrurity Instrununt.Thnsc cunditiuns are that Borruwer:(u) pays
<br /> Lcn�.lcr :dl .unu which thrn wnulJ hc duc un�cr thfs Srrurity In�trumcnt and thc Nc�tc as if' nu arrcicratinn hud�,ccurrcd: (h)
<br /> � cures any Jclaull of' any ulhcr ruvcnant� nr agrccmcnu: (r) pa�. cill cxprntir. inrurirJ in cnfiurm�: thiti Scruriiy ln,u•umcnt.
<br /> inrluding, hut nut limiir�l iu. rca,��naMr auurncpti' I'rc.: �uiJ (JI tal.rti.urh artiun ati LrnJcr ma� rr:uunahly rryuir�tu a,�urr
<br /> • that thc lirn nl ihiti Srruril� ln�trununt. LcnJcr'ti right� in th� Pr��pert�� and Burruwcr'ti ubligatiun tu pay thr ,ums ticrumd by
<br /> this Sccuritp Instrutncnt �hcill ca�ltinur unchangcd. Upun rrimtcucmrnt hy Bun•awcr, thiti Sccunty In>trtunent and thc i
<br /> -- --. „hl�o:�r�„�,. .rr��n•d hrrrhv sh:ill remain I�ullv Cllc�tivr as if nu a�CClrraticm had orcurrcd. F{uwcv�r, thiti ri�;ht to rCinslatc �h.ill
<br /> : -- _ not ap�ly in thc ca�c c,f arcrlcratiun unJcr paragraph 17. ,
<br /> 19. tii�lc of Notc: Chan};c of Loan tirrvircr. 'Tlir Nutc ur a partial intcrc�t in thc Ncnc (tugctlicr witli this Sccurit�.
<br /> IntitrununU ma}�b�tiuld onc ur nwr��in?rs without priur nutirr tu Hurro�err. A sal�nu�}�re�ult in a rhangc in thc entiry(knuwn + �
<br /> as thc "L��un Scrvirrr"l that rullcctti uwttthly paymcnt�duc unJrr tlir Nutc and thi.Scrurity Intitrumcnt. Thcrc al+u m.iy hc unc
<br /> or mur�rhangr+uf thc Luan Scrvircr unrclatcd to a�alc uf thc Nutc. ll thrre iti a rhan�c of thc Luan Scrvircr. Borruwcr�vill br �
<br /> givrn ti•riucn noticr uf thr rhan�:c in arrurdanrc with paragraph Id ahc,�•r anJ applirablc law. 'I'hr notirc will statc thc namc and ;
<br /> ad�rc��i�l thr ncu� Luan Srn•icrr unJ thr c��dreti, tu w�hirh pa)•mrntti tih�,uld br nta�lc. 'I'hr ncnicc ��•ill al�a runt.tin any uthcr i
<br /> intiamuliun rcyuireJ h)•uppli�:ihlr lau.
<br /> 2U. Har.urdous Substuncex. Nun��,��cr ,hull nut rauu ur prrmh thr prc,cnrc. u�c. �iitipoxil. ,tnragc, rn• rclra,r uf an},
<br /> H:iiarJ��u• tiuh,lanrr+ �m �,r in thr Nrc�pert�•. N�,rru«�rr ,hall n��l ilu. nor allu��� anyunr rl�r Ii, du, an�•lhing af'fcrting thc
<br /> � {'rupert} that iti in vi�,laliun ��I ain• lim�irunnuntal La��. "I'hr prer�iling t�tiu tirnicnrrti�Irill nut apply tu lhc prrs�nrr, u�c. ��r
<br /> .IUragc on thc f'ruprrt} ul timall yu:mtitir.i�f Ha�:ird��u� Suh.t:mcr. thal mr crnrr:dl� rrri�tniirJ in hr a���r��rrialr t�, n��rm,tl
<br /> � rrsiJcntial utirti an� tu maintcnanrr ul thr Pruperty.
<br /> ,.,,,,.{,,, , Form 3028 9/90
<br />_ ,
<br />
|