|
,.n
<br /> .. . � _�. . ..� -
<br /> . t .--- --- �
<br /> i •-
<br /> �,,
<br /> I '(i
<br /> � •
<br /> �L.r�,
<br /> ; paymenis may no longer bc rcquircd,at the opdon of Lcnder,if mortgagc insurancc covcragc(in thc emount and for thc periad �,.;�_,
<br /> I : that L.cnder requires)provlded by en insurcr approved by I.endu agatn be�comes aveilabla and is abtained.Borrower shall pay tho . _-_ - �
<br /> premiums requixcd to maintain mortgage ins�uance in effect, or to provide u loss reserva, undl the requirement for mortgage •'., n...
<br /> j instuance cnds in accordance with anY writtcn agreement bctwccn Borrower ancl Len der or app lica b le law. :.,._--__
<br /> , 9.Inspect�an. Lendcr ar its agcnt may meke rcasonablc cntries upon and i�specdons of the Property.I.cnder shall givc � .. .
<br /> i Borrower notice at the time of or prior to an inspection specifying reasonable cause for the Inspection. 1 ; -y�a
<br /> .,�.._�
<br /> 10.Condemnution. The proceeds of any award or daim for damages, direct or consequential, in connecuon with any .'_��_
<br /> �,:.�-
<br /> condemnauon or uther taking of any part of the Property,or for conveyanee in Geu of condemnadon,are hereby assigncd nnd � :_.
<br /> shall be paid to Lcndcr. � •��..
<br /> In the event of a total taking of the Property,the proceeds shall be applied to Ihe sums secured by this Securiry Instrument, ,SU,_ - -
<br /> whether or not then due,with any excess paid to Borrower.In ihe event af a partial taking of the Properry in which the fair market Q -.c;.=�.
<br /> value of the Property immediately before!he taking is equal to or greater than Qie amount of the sums secured by this Security Q -
<br /> Instrument immediately beforc the taking, unlcss Borrower and I.ender otherwise agree in writing, the sums secured by this Y�
<br /> Sscurity Instrument sh�ll be recluced by the amount of the proceeds multiplied by the following fraction: (a)the total amount of
<br /> � the sums secured in►mediatcly before the taking, divided by (b) thc fair markel value of the Properry immediately before the .
<br /> taking.Any balancc shaU be paid tn Borrowcr.In the event of a partial taking Af ihe Property in which the Cair market value of thc
<br /> Propcny immediately beforc thc taking is lcss than the amount of thc sums secured immediately beforc the taking, unlcss ,
<br /> � Borrower and Lender otherwise agree in writinS or unless appGcable law otherwise provides,the proceeds shall be applictl to the
<br /> � sums secured by this Security Instrument whether or not the sums are then due. , f.
<br /> � If the Property is abandoned by Borrower,or if,after nodce by Lender to Boaower thai the condemnor offers to make an ' ��y_,
<br /> aw�urd or seule a claim for damages,Bonower fails to respond to L.ender within 30 days after the date the notice is given,L.endcr
<br /> is authorized to collect and apply the proceeds,at its option,either to restoradon or repair of the Propeny or to the sums secured
<br /> � '� • by this 5ccurity Instrument,whether or not then due. , '"'�
<br /> Unless Lender and Sorrower otherwise agree in writing.anY aPPlication of praceeds to principal shall not extend or postpone ° �•^�—
<br /> thc due datc of thc monthly payments refcrred to in paragraphs 1 and 2 or changc the amount of such payments. �:�a•��
<br /> � . �'� -
<br /> 11.Borrower Not Released;�orbearance By Lender Not a Waiver. Extension of the time for payment or madif ication �;�_
<br /> of amort��ation of the sums secured by this Security Instrument granted by L.ender tc�any successor in interest of Borrower shall '
<br /> not operate to release the IlabiHty af the original Boaower or Boaower's successors in interesG Lender shall not be r e quucd a ����a':-�.
<br /> � commence proceedin8s against any s:iccessor in interest or refuse to extend time for payment ar otherwise maiify nmorti�ation of ' r
<br /> 1`<-
<br /> the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors .� = ;�=.
<br /> I in interes� My forbearance by Lender in exercising any right or remedy shall not be a waiver of or prcclude the cxerc�sc of any � � �
<br /> Y l
<br /> � right orremedy. a .,
<br /> ,. , •r� _
<br /> j 12.Successors aad Assigns Bound;Joint and Severel LlabUity;Co•signers. The covenants and agreements of this ,h1 ;°
<br /> ; Securiry Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject w the provisions of ��
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co•signs this Security
<br /> � Instrument but does not cxccutc the Notc: (a) is co-signing this Securiry Instrumcnt only to mortgage, grant and convey that -z�__ —
<br /> Borrower's interest in the Property undcr the tcrms of this Security Inswment; (b) is not personally obligated to pay the sums ,�
<br /> secured by ihis Security Inswment;and(c)agrees that L.ender and any other Borrower may agree to extend,modify,forbear or
<br /> makc eny accommodations with regard to the terms of this Security Inswment or the Note without that Iionower's consenG ------
<br /> 13.Lopn Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, _�----_
<br /> and that law is flnallY interpreted so that the interest or othcr loan charges collected or to be collected in connection with the loan �,�'-_�_
<br /> oxeced the permiued limits,then:(a)any such loan charge shnll be reduced by the amount necessary to reduce ihe chazge w the ,�:,�;,_
<br /> permiaed limit;and(b)any sums already collected from Boaower which exceerled permitted limits will be refunded to Borrower. °�»�'���
<br /> � Lender may choose to make this refund by reducing the principal owed under the Note or b makin a d'uect a ment to '�'';�T_--�—'_
<br /> Y B P Y ;.,��"`_„�„u---
<br /> , Bonower. If a refund reduces principal,the reduction will be ueated as a partial prepayment without any prepayment charge ,:
<br /> `�=--
<br /> � undcr ihc Notc. "'� ... _ �
<br /> ! 14.Notices. My nodce to Bonower providcd for in this Securiry Inatrument shall bc givcn by dclivcring it or by mailing it. '�"�,
<br /> �r.
<br /> by first class mail unless applicable law requires use of another method.The nodce shall be directecl to the Property Address or ;.•-�.
<br /> any other address Bocrower designates by nouce to Lender. Any noqce to Lender shall be given by first class mail to Lender's,.., .��� -`' ' : �.
<br /> ; address statcd herein or any other address Lender dcsignates by norice to Borrower. Any nodce provided for in this Securiry»�: •.: . • �
<br /> ; Insuument shall be deemed to have bcen given to Borrower or Lender whcn given as provided in this paragrnph. 'N# ;,�
<br /> 15.Governing Law;Severability. This Security Inswment shall bc govcrncd by federal law and thc law of the �
<br /> � jurisdiction in which the Property is located. In the event that any provision or clause of this Security Insuument or the Note •
<br /> � conflicls with applicable law,such contlict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> � givcn effect without the cnnflicting provision.To this end the provisions of this Sccurity Instrument and the Note are declared to
<br /> . bc sevcrablc.
<br /> , Form 3028 9/90
<br /> �•BR(NE)l9z�z).ot Papa 4 0�6 inhia���
<br /> ' L .
<br /> �
<br /> �.. ._. _ _ . _. ._._. ..
<br /> . __._... ._ .__ . . _ . . ..
<br /> ___ _ ... . ---__.
<br />
|