|
Z
<br /> �:
<br /> ,�' .
<br /> .•�..'
<br /> �- �..�p�. .
<br /> .. .....J.TrMMilltww r�w+....�. - ..,��••/__ ' .. .:_,-...�{���.�
<br /> , �1���i��n
<br /> . •r . •,'R T,.�:_.
<br /> �;,y;:•�=
<br /> � l.c�an Nn: (H)8�x)1(NN)173 Dutc� ID: h2p � • , ,
<br /> i
<br /> Hc�rrowcr shull bc m dcfriult if iuiy lurfciturc +icui�n nr pr�KCComµ,whcihcr crvd or crimuu►I,is hcgim ihut in l.c:ndcr's gond __
<br /> I'�uth�udgmcnt could result in furfciturc of tlic t'rnpertyur oihcrwisc rosucricilly imE�air thc licn crcntcd hy tl�is Sccuriry ''
<br /> Instrwncnt or l�:ndcr's sccurity Imcrest. {�c�rruwcr muy�ure such u dcR�ult .�nd reinstiuc,us providcd in puragruph Itt, :z�_
<br /> hy uiusinµ thc uction cir prr�cc�c;inµ ta hc dismissccl wiU�u rulinp thnt, in lA:ndcr's g��nd fuith dctcrmination, prccludes � '
<br /> f�rfciturc of thc [�nrrnwcr's intcrc�t in thc Property c�rothcr mutcrinl impnirm�;m of thc licn crcutcd hy this Sccuriry __�-�
<br /> , Inxtrumcnt or I.cndcr's accurity intcrest. E3orrowcr shnll .�Iso hc in dcfuult if I3orrowcr, during thc losin t,n�i�u�u��►, . �,. .-:�
<br /> proa;ss, gavc matcri.�Uy fakc or inau:ur�tc information or statcmcnts to L.c:ndcr (c�r tailcd to providc Lcndcr with any � _ - -
<br /> • , mutcri�►I infarmuticm) in a�nncction with thc loun cvidena:d by thc Notc, includ�ng, but nat limitcd to, rcprcacntutions � ' ;:i;_�____�
<br /> u�nc:c:rning Borrowcr's ou:upuncy c�f thc Properry us u principal tcsidencc. If this Security Instrumcnt is on ci Icosahold, � -_--
<br /> . ••• Borrowcr shaq u�mply with all thc prrnisions of thc lcasc. If Borrowcr acquires fcc tiUc to thc Property,thc Icuschold � . -�;,;;��=— -
<br /> *^4 and thc fcc titic shall nat mcrgc unlecs Lcndcr ugrccs io thc mcr�cr in writing. :�'"_--__
<br /> ' 7. l'rotect(un o(Ixnder's Itl�hts in the Yroperty. If Borrowcr fails to perfarm the c:ovcnants and ugrcements ���%�-_ �
<br /> ; containcd in this Sccurity Instrumcnt, or thcrc is u Icgal proc<;cdins that may significuntly affcct Lcndcr's rights in thc � .,ti�,.::_
<br /> , Properry(such us a procccding in bankruptcy,probatc, for condemnation or forfciturc or to enforcc laws or rcgulutions), � ,,��.== �"_
<br /> thcn Lendcr may do �nd pay for whatcvcr is ncccssary�o ptotcct thc valuc of thc Properry and Lcndcr's rights in thc � _
<br /> Property. Lcndcr's artians may includc paying any sums sccurcd by a licn which hns priurity ovcr this Sccurity Instrument,
<br /> � ap�caring in court,paying rcasonablc attorncys' fccs and cntcring on thc Property to makc rcpairs. Althaugh Lcndcr __-
<br /> � may take action undcr this paragraph 7,Lender does not have to do so. "
<br /> � Any amounts d'uburscd by Lender under this paragraph 7 shall bccame additional dcbt of Borrower sccurcd by _
<br /> this Security Instrument. Unless Borrowcr and Lc;nder agree to other tcrms of payment,these amounts shall bear interest
<br /> � from the:date of disburs�mcn�at lhe Note rate and stiaUbe payablc,�vith intcrest,up�n notice from Lcndcr to Borrowcr
<br /> rcqucsting payment. -
<br /> 8. MortgAge Insurance. If L.ender tequired mortgage insuranee as a condition of making the loan secured by
<br /> this Sccurity Instrumcnt,Borrowcr shall pay the prcmiums rcquircd ta maintain the mortgage insurancc in effect. If,for =
<br /> any reason, thc mortgagc insurancc covcrage required by L.endcr lapses or ceases to be in effect, Borrower shaU pay
<br /> thc prcmiums requircd ta obtain covcragc substantially cquivalent ro thc mortgagc insurancc prcviously in cffect,at a wst ,v
<br /> substantially equivAlent to thc cost co Borrower of the mortgage insurance prcviously in cffect,from an altcrnatc mortgage
<br /> insurcr approvcd by L,cndcr. If substantially cquivalcnt mortgagc insurancc covcrage is not availablc, Borrowcr shall pay •`
<br /> ' � , to Lcnder cach month a sum cqual to onc-twclfth of thc ycarly mortgagc insurancc prcmium bcing paid by Borrowcr _
<br /> � �vhen the insurancc coverage lapsed or ccased to be in effect. Lender will accept, use and retain these payments as a •L��
<br /> ` loss reserve in lieu of mortgage insurancc. Loss reservc paymcnts may no longer bc requircd,a� the option of L.cnder,
<br /> � if mortgage insurance wverage (in thc amount and for thc period that Lender requires) provided by an insurcr apptovcd ��;
<br /> � �"i� I.G1u�:f ubqiIl �SCwillw u'ralial�Ji�. AAL� u tJ�JiS11AC(�.. P.Of:O::'C: .St:3Z:'��� :�:C '�SfC::ll'1TS ICqL'!.*C� 24 .^.?8�IIt8lll !?1�T?oP�F _�-f�r+�°
<br /> { insurancs in effect,or to provide a loss reserve, until the requirement for mortgage insurance cnds in accc�rdance with =�:,. -
<br /> � any written agreemcnt betwcen Borrowcr and I.cnder or applicabtc law. ,;�:'°�=-
<br /> 9. Inspection. Lender or its agcnt may makc rcaxonublc cntrics upon and inspections of thc Property. L.cndcr �.. • ��°
<br /> shall givc Borrower notice at the tims of or prior to an inspcction specifying rcasonable cause for the incpectian. ;�a,Y,;, �
<br /> ' ':"_
<br /> 1 10.Condemnation. The procecds of any award or cluim for damages,direct or consequcntial,in connection with ���, '�:-
<br /> � any c:ondcmnation or othcr taking of any part of thc Property,or for wnvcyancc in lieu of condcmnation, arc hcrcby -�:�°--
<br /> assigncd and shall bc paid to L.cndcr. �^ '�
<br /> In the cvent of n total taking of thc Property, thc proce:e;ds shull be appGeci to the sums secured by this Security
<br /> Instrumcnt,whethcr or not thcn duc,with any cxc:css paid to Borrowcr. In thc cvcnt of a partial takin�of thc Yroperty ,;,� _
<br /> in which the fair market valuc of thc Properry immcdiatcly bcforc the taking is equal to or grcater than thc amount of ____
<br /> thc sums sccured by this Sccurity[nstrument immcdiatcly bcfore thc tuking,unless Borrowcr and Lcndcr othcnvisc agrcc: __ __
<br /> in writing,the sums secured by this Security Instrument shall bc reduced by the amount of the proceeds multipliect by the
<br /> • . � ' following fraction: (a) thc total amount of thc sums sccurcd immcdiatcly bcforc thc taking,dividcd by(b)thc fair markct
<br /> valuc of the Property immediatcly beforc thc taku�g. My balana: shap be paid to Borrower. In the evcnt of a partial " '��
<br /> taking of the Property in which the fair market valuc of the Property immediately before the taking is less than the �-
<br /> amount of thc sums sccurcci immediatcly bcforc thc taking,unlcss Borrowcr and Lcndcr othenvisc agrcc in writing or _
<br /> i unless npplicable IAw otherwise provides,the proceeds shall be appGed to the sums secured by this Security In.ctrumem _�
<br /> � whcthcr or not thc sums arc then duc. ;:��s���
<br /> I IF thc Property is abandoncd by Borrowcr,or it,af'tcr notia;by Lcndcr to Borrowcr that thc condcmnor offcrs �_;,o;��_t,
<br /> , to makc an awurd or scttic� claim [ot damagcs,Borro�vcr fails to respond to L,cndcr within 30 d�ys aftcr thc dAtc thc
<br /> � noticc is givcn, Lcndcr is author�cd to a�llcct and apply thc proc:c:cds, at its option, cithcr to restoration or rcpair of -���__--
<br /> thc Property or to thc;sums sccurcd by Ihis Sccuriry Instrumcnt,whcthcr or not thcn duc. '=�����.�
<br /> I Unlcss Lcndcr and Borro�vcr othcrwise agrce inwriting,any application of procc;eds to principal shall not extend `�+�• , .. �
<br /> 1 or postponc thc; duc datc of thc monthly paymcnts rcfcrrcd to in paragraphs 1 and 2 or chungc thc amount of such ''f ��r� �
<br /> ,3�;, ,.�,. .
<br /> i paymcnts. �h'•=��::
<br /> j 11. Borrower Not Releused; Forbearance Sy l.ender Not u Wniver. Fxtcnsion of thc timc for payment or . "�` � �
<br /> modific:ation of amortvation of thc sums sccurcd by ihis Sccurity Instrumcnt grantcd by L.cndcr to any sur,c:cssor in �}'
<br /> i intcrc:st of Borrowcr shall not operutc to rcicasc thc liabiliry oF thc original Borrowcr or Borro�vcr's successors in intcrest. ,-
<br /> i L.cndcr shall not bc rcquircd to commcncc pracccdin�s against uny succcssor in intcrest or rcfusc to extcnd timc for
<br /> payment or othenvisc modify umortir.ation of thc sums sc�urcd by this Securiry Instrumcnt by rcason of uny demund made ' �
<br /> ' by thc original Borrowcr or Borrowcr's succcssors in intcrest. Arn forbcarancc by Lcndcr in cxcrcising uny right or -
<br /> i rcmcdy shall not hc u waivcr of or prccludc thc cxcrc:ise of any right or rcmcJy.
<br /> 1 12. Successors nnd Assigns Iiound;Joint und Severul I.fublllty; Co•sl�ners. The covenants and agrcemcnts
<br /> 1 of this Security Instrumcnt shall bind and hcnclit thc succcssors und ussigns of Lcndcr and Borro�vcr, subjc�ct to thc
<br /> � provisions of par.igraph 17. Bcrrrowcr's ccrvcnanis and abrcemcnts shall bc joint and scvcral. Any Borrowcr who co-
<br /> - signs this Sccu�ity Instrument but docs not cxccutc thc Notc:(a) is co-signing this Sccurity[nstrumcnt only to mortgagc.
<br /> «�..,.7. .�M..� A........,..d� nt..rn.i i r6.. Pmn..rivn.�rl..r�M.. e..rme nf�Mic C., .:�.. In��...m..nl•!hl ie niu nvrcnnwllv _.. "
<br /> � �j ti�:...:.....::.�..�j ...... .......,..... ..:...,.........^. ...,. ....r...'.�.......,. ..... ............ ............�...� ................ �_�....._.r_..._..__.� r -_—_
<br /> � obligatcd to pay thc sums sccurcd hy thfs Security[nstrumcnt; �uld (c) agrccs tluit l.cndcr anJ any cnhcr Borrowcr mny I
<br /> ; agrcc to cxtcnd, mc�dify,fonc�ar or makc any accommod�tions with rcgard to thc tcrms c�f this Sccurity Instrumcnt or thc '
<br /> Notc without tttait Bornnvcr's conscnt. .
<br /> ; l3. I.�un Chiir�es. lf the lo.in sccurcd hy thicSccurity Instrumcnt is subjcrt to a law which sctx m.ucimum lo:in
<br /> churgcs, and thut Ici�v i+ finally intcrprcicci s;� that thc intcrc�t c�r cnher Ic�an rhatgcs collcctcd or to hc collccicd in •
<br /> conncction with thc loan cxcccd thc permiucd limits,ihcn: (a) any such loan churgc shall bc rcduccd hy thc amount ,
<br /> ncccs,ary�u rcducc thc charbc to ihe permiucd limit; anJ (h);tn}•xums alreadv coUcctcd from Borro�vcr�vhinc��ccrcdcd i
<br /> permiucd limits �vill hc rcfundcd ic� Borrowcr. Lcnd�r muy chuo�c io makc this rcCund hy rcducin�;thc principal o+vcd I
<br /> undcr thc Nc�tc ur hy makm� a dircct pay�rncnt io}3orrm��c:r. If;i rclund reduccti princip,d, Ihc rcduciicin�vill hc tr�atcd �
<br /> as a partial prcpaymcnt ���iihout ;im- r��n.rymcnt rh.�r�:c undcr �hc Notc. �
<br /> 4/96 (Pago 3 0!G Pagns) �
<br />
|