|
•.. '.Yd*Y .
<br /> .t� .
<br /> Y
<br /> /i ,
<br /> .f ' b''�_i. " ..
<br /> .;
<br /> .� !"
<br /> -, � . . 1'.•i .
<br /> ' ., , _.....fb�r' .—�,
<br /> . . .�._. � . .. nW�•..r .wMtl�AMn....�t .�.... _ ..
<br /> .. ... . . . - ' '_"_____-_'
<br /> �1 .........�_..._. . . . . .... .. -----
<br /> !
<br /> �_
<br /> , ;� � �8,_1�z958 --
<br /> 'a�" '.•,1ri � M � ..
<br /> Y,'� !+
<br /> � ' . ;x� � • ♦.1
<br />_, � �
<br /> " payments may no longer be required,at the aption of Lender, if mortgage insurance coverage(in the amount and for the period �
<br /> 4 that l,ender requirea)provided by an insurcr approved by Lender again becomcs avallable and is obtained. Borrower shall pay ��
<br />. ��� the premiums required to maintain mo►�tgage iasurance in effect,or to provide a loss reserve,until the requirement for mortgage �
<br /> � ' �? insurunce ends in accordance with any written agreement between Borcower and I.ender or applicable law. �_
<br /> � �• , 9. InspecNon. Lender or its agent n�ay make reasonable entries upon and inspecttons of the Propecty. I.ender shall give
<br /> � 8orrower notice at the time of or prior to an inspection specifying reasoneble cause for tl�e inspection. �
<br /> �:
<br /> 10. Condemnation. The roceeds of en award or claim for damages, dlrect or consequential, in conncti:tlon with any _
<br />-+:.t�?:��`. condemnation or other taking of any part of the Praperey, or for conveyance in lieu of condemnation,are hereby assigned md �=
<br /> �?
<br /> shall be pdid to Lender. `
<br /> ' ln the avent of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security Instcument, _
<br />���` whether or not then due, with aziy excess paid to Bonower. In the event of a partial taking of che Property in which the fair _
<br /> : . � mazket value of the Propeny immediately before the taking is equal to or greatcr than the attwunt of the sums secured by this �
<br /> Security lnstrument immr.cliately before the taking,unless Bonower and Lender otherwise agree in writing,the sums secured by
<br />= this See;uriry Instrument sha11 be reduced by the acnount of the proceeds multiplied by the following fraction: (a) ehe total
<br /> � �• amount of the sums secured immediately before the taking. divided by(b) the fair market value of the Propeny inunediately
<br /> before the taking. Any balance shall be paid to Borrower. In ths event of a partial taking of the Property in which the fair
<br /> � • �� market va]ue of the Propaty immedietely before the tuking is less than the amount of the sums secured immecliatcly before the
<br /> �� ` „ teking, unless Borrower and Lender otherwisc agra in wrlting or unless applicable law othecwise provides, the prceads shall `
<br />_ be applied to the sums secured by this Security Instrument whether or not the sums are then due. _
<br /> - • � ' If the PropeRy is abandoned by Bonower, or if, after notice by i.ender co Borrower thet the wndemnor offers to myke aus
<br /> � award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after thc date thr, notice ls given.
<br />�� '� `' Lender is authorized to collcet and apply the proceeds,at its option,either ro restoration or repair of the Propeny or to the sums
<br />��' ".� secured by this Security Instrument,whether or not then due.
<br /> a •-;�� Unless Lender and Borrower otherwise agree in writing, any applicatiun of proceeds to principal shall not extrnd or
<br />=,.�f�• .." ;. ,� ,
<br /> postpone the due date of the monthly payments referrecl to in parugraphs 1 and 2 or change the azr�ount o suc payments.
<br />>��,' � Il. Borrower Not Rdeased;Forbearance By I.ender Not a Walver. Extension of tUe time for payment or modification
<br />��='h• . of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Boaower shall
<br />__ -• . not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be reyuired to
<br />_ - . ��'• commence Qroceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortizAtion
<br />�-��'x�""�``*'� of the sums secured by this Security lnstcument by nacon oY any aemana macio by ii,C r,riginal Eorrwcr or Ecrro•::e:'�
<br />����=��;: -:.
<br />{: •� � successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude e
<br />.�w*`_,-';;. ,
<br />--- �•��. cxercise of any right or remaiy.
<br /> ��.r"_�_,.'•r,'•:.`. 12. Successors and Assi�ns Bound; Joint and SeverAl LlobiUty; Co-slgaers. The covenants and agreements of this
<br /> �`i'`�� '���-° Secudcy Instrnment shall bind and bcnefit the successors and sissi8ns of Lender and Borrower, subject to the provisions of
<br /> �J inl n.4 F��•
<br /> �.�;+,°�;.�c�s;. puagraph 17. Borrower's covenants and agreements shall be joint and several. Any Bonower who co-signs this Socunty
<br /> "'`S�'�'��� "' instniment but does not exocute the Note: (a) is co-signing this Security Instament only to mortgnge, grant and convey that
<br />�f:`".�a;:{. • ,
<br /> '�`• -�'". Bom►wer s interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to p�y c sum�
<br />_;�._:;.�,.:..
<br /> F:-��• +��,�� sxured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbeu or
<br />� `�°'-''`' m�lce yuiy occommodations with regard to the termc of this Security Insaument or thc Idote without that Aorrower's wnsent.
<br /> [r..;.
<br />=?�����
<br /> ., 13.Lopu Charges.If the loan secured by this Security lnstrument is subject to a law which sets maximum loan charges,
<br />_,�,�;�-�,.., . and that ls�w is finally interpreted so that the interest or other loan chuges collectod or to t►e collectod in connection with the
<br />_�-,,.,zu��.� laan excad the permittod limits,then: (a)any such loan charge shall be reduced by the amount nxessary to reduce the ehuge
<br />��-------� to the permitted limit: and(b)any sum9 already collected fmiu Borrower which exceeded permitte�limits will be tefundat to
<br /> -�`��.��'.� Borrower. Lxnder may choose to make this refund by reducing the principal owed under the Note or by malcing a direct
<br /> _--,z���,�.
<br /> •-y v��..._, paymrnt to Iiorrower. If a refund reducrs principal, the reduction will be treated as a partial prepaymenc without u�y
<br />�H—_ • � •�`M prepaymmt charge under the Notc.
<br /> `'"'`�'�'�-' 14.Notices.My notice to Bonnwer provided for in this Securiry Insu�ument shall be given by delivering it or by mailing
<br />'�'�`_._. it by first class mail unless applicable law requires use of anwher method. The notice shall be directed to the Property Address
<br />-yF�-�'-��.'_
<br />�°• ,'.Y'~:�;� or any othec address Borrower designates by notice to Lender. Any notice to I.ender shall be given by first elass ma� ta
<br />��-�'�`=�� Lendcr's pddress stated herein or any other address Lender designates by notice to Borrower. Any notice pmvided for in this
<br /> —H�y,y i
<br />-�- �•�-°••� • Security Instrument shall be deemed to have been given to Bocrower or l.ender when giveu as provided in this paragraph.
<br />-=-�:..,,...�,,�. .. .
<br /> �;;�^, M , . 15.Governing I.aw; Severab[lity. This Security Instrument shall bc govecned by federal law and t e aw o t e
<br />�., .• jurisdtction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Nnts
<br /> conflicts with ap�licable law,such conflict shall not affect other pmvisions�f this Security Instrument or the Note which can be
<br /> -. , given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Nc►te are declared
<br /> to be severable.
<br /> - _ �• 16.Borrower's Copy.Borrower shall be given one confornxd copy of the Note and of this Security I►�strumrnt.
<br />_ Form 3028 9190
<br /> 4" O,
<br /> � t,f Pp�4 af 6 IntIW:
<br /> s- �-SRINEli9xi2�.o2 ��/ a
<br /> - ----------
<br /> - — - ------
<br />— - - ----__..._._—_---•-•.�:.r--�.�._ .
<br /> '��--
<br /> - .�.,...-._ .._-.._,..��,�y�/r�.`� . . , . ..
<br /> f .
<br /> - � �—_ .._.._ . . . .. . ..._..:_ ... .... -----'�-------'--'-�-- -=- - - -
<br /> � ,
<br /> LI . _ . . . .. ._. - --. . . __ . ... .. . — _ ._ _ . . .� -- --
<br />
|