|
, ; '... � . ..._. . ;,.:;
<br /> . �� . .� ...�,��,.;�:;
<br /> • • • _ � - Y ,�...... .:. �.1=?���.;--
<br /> ' �� . . : ' .�. ��:`�rir�`��y`�''y`�{yY�r,��:�'4!v'��;,x .�. '•'` ::.�•..',.�';,,:;:L:r-:a�- _ - -_ �
<br /> � ' M..QJ+j�.. '.C�.`Wl�M1.�4'. ._. . �?'4Ai'.nryti��LSS1l��3..tl.{'TA..�S.: ".� _ ___--- —
<br /> .r_'��y • � ^'�T•'Ft��_ . .... . .....__".____. . —.
<br /> . S,
<br />.. ..�.�..ir '
<br />-,E:�.a,alv
<br /> - /:,3,��.�u�:eai�Y
<br />:-w���_-ie� Q�L�
<br /> R;�,�,g�� payments may no longer be required,at the optian of Lender,if mortgage insurance coverage (in the�n���[nc P��
<br /> -L�;:�H that l..endcr requires)provided by an insurer approved by I.endar again becomas available and is obtained. &�rrower shall pay
<br />.,��_=== the premiums required to maintain mortgage insurance in effect,or to provide a loss reserve, until the requirement for mortgagc
<br /> _• insurance ends tn accordance with any writcen agrament becween Borrower and Lcnder ar applicable law.
<br />,;m;;{;�'�" 9, InspecNon. l.�nder or its agcnt may make reasonable ontries upon and inspections af the Propeny. Lender shall give
<br />__��:� Borrower notice at the time of or prior to an inspection specifying reasanable cause for the inspection.
<br /> �.�•°� 10. Condemnation. The procads of any award or claim for damages, dircct or consequential, in connection with any
<br /> "'' condcnmation or other taking of any part of the Proneny, or for convcy�nce in liau of condemnation, arc hereby assigned and
<br /> "'�w� shall be paid to l.ender. i
<br />:��,��.
<br />-� In the event of a total taking of the Proper[y,the proceeds shall be applied to the surns sc�ured by this Securicy nstrument,
<br /> whether or not then due, with any cacess paid to Borrowcr. In the cvcnc of a partial taking of thc Property in which the fair
<br /> �=-��.� market value of the Property immediately beforc the tak.ing is equal to or greater than the amount of the sums secured by this
<br />-,�r�;� Security Instn►ment immediatcly before the taking,unless Borrower and L.ender othenvisc agrcc in writing,the sums secured by
<br /> � '�' this Security instrument shall be reduced by the anount of the proceeds multiplied by the following fraction: (a) the total
<br /> "�3+`� amount of the sums sceured immedietely before the taking, dividcd by (b)the fair market value of the Property immediately
<br />"�,r�`,: before the taking, Any balana shall be paid to Borrower. In the event of a panial taking of the Property in which the fair
<br /> _.=-°-'�?1` market value of the Property immediatcly befote the taking is less than the ainount of the sums secured immediately before the
<br /> � �'i'� taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall
<br /> :'���4°�
<br /> -_-� _ be applied to che sums secured by this Security Instrument whether or not the sums are then due.
<br />-�� If the Property is abandoned by Borrower, or if, after nocice by Lender to Borrower that the condemnor offers to make an
<br /> award or settle a claim for damagcs, Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> �_,-4� Lender is Authoriud to collxt and apply the proceeds, at its option,either to resroratlon or repair of the Property or to the sums
<br /> -�:���ri sxured by this Securiry Instrument,whethar or not�hen due,
<br />����=��'�!� Unless L.ender and Bonower otherwise agree in writing, any application of proceeds to principal shall n�t oatend ar
<br />___— postpone the due datc of the monthly payments referred to in paragraphs 1 nnd 2 or change the s�mmount of such payments.
<br /> -- 11.Borrower Not ReleASed;Forbw►rance By Lender Not W Waivcr.Ext�nsion of the time for payment or modificadon
<br /> -_-- - of amoni7ation of the sums secured by this Security Instrument grantul by Lender to any successor in interest of Borrower shall
<br /> w not operate to release the liability of the original Bonower or Borrower's successors in interest. Lender shall not be ru{uired to
<br /> -=-='-�� commence proceedings against any successor in interest or refuse to extend time far payment or othenvise modify amortization
<br /> --� of the sums secured by this S�curlty Instrument by reason of any demand madeby the original Boaower or Borrower's
<br /> ~� successors in interest. My forbeazance by L.ender in ezercising any right or re�nedy shall not be a waiver of or preclude the
<br />----- czcrisc o::siy ri;ht e:rem�±y.
<br /> — 12. Successors and Asclgns Bound; Joint and Several Liability; Co-signas. The covenants and agreemencs oi�i►is
<br /> �= Security Instrumen[ shell bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agreemcnts shall bc joint and several. Any Bonowcr who co-signs this Security
<br /> Instrument but dces not execute the Note: (a) is co-signing this Security Instrument only to moctgage, grant and convey tt�at
<br /> -
<br />
|