|
. . �.,t _
<br /> Y'"1 C - ` �1=yt'_. ``..�_��i�� lA �1 _ ii��y�.,u�i�t4lt�� s_ti.s;.ei. "S ..�i< '�'"�'`_�s� �'^��'�". +!� �`'�f`E�,'`e. s'. ;v,���S•�w�'t�.. �
<br /> -01S�iTi�iii, .G]* wi�?7:..v.��:;:.�'=- `.'.: .}`y:. Y,.:L._
<br /> ��S4.t ".i�hii�h��"#a��iil9ta� ����r�i�- -.�'..a,._ Y1tcs.1„`�u.'�s`..�F��
<br /> 1 �
<br /> . � 9+Dr 10t�7`7�
<br /> � If L,asder reqv'ued�ortggge insur�nct as a rnnditian of making thr iwn seca�red by this Security 3nstsumrnt,
<br /> 8orrow�er shall pay the pteaniums required to maintnin the in�urance in elf�t nntil such time�s ttte requir�ment for the
<br /> iasurance terminates en accc�rdance rrith Borcawer's and Leader's�vrittm a�rament or apptic=ble faw.
<br /> U. I�. Lender or its agmt may make rsasmna6ye rntees upon and inapoctions af tht Praperty. Lender
<br /> sba116iva Borro�ret notia at the time of or prios to an inspectiQn specifying reasbn�ble csuse for the inspection.
<br /> 9 Co�stbn. 'I7se praeeeds uPany awtrd or clsim far damag�s.direet or co�aequential,iR cannection with
<br /> � any anndemnadon or other taking of any p�st of the Property,or for cunveyance in lieu of condamnation,ue hereby .
<br /> at�isned aad shdt be paid to Lrnder.
<br /> In the evrnt of a toW ui�ina ol'tha Prvpaty.Rhe proaeds ahsti be appliod to the sams secvred by this Security
<br /> � Inswment,�+betbv ot aot then 8�.�►ith.u►y ex�as ptid to Borrower.In the eveat of a partisl talcina of the Pcoperty.
<br /> . ualeas Barro�ver and Lender otba�vise s�ree in Mrit�ng,the aums sxured by this Security Instrument ds�Jl!x reduood by
<br /> the amaunt of the prqceeds multipliod 6y the following ftaction:(al the cotal amount mi the sums secured immaliately
<br /> hd�ghr takina,�ividad 6y(b)the fair m�rlcsrt vaue of the Praperry itamediatdy bdore t�e taking.Any baYana sh�lt be
<br /> paid to B�nrro�ver.
<br /> If tlse Praperty is a�:.adaaed 6y Barrower.ar if,ttter naticr by LRnder to Horrower that the caademnor olfers to
<br /> m�ke an awud or settle a claim for damsaes.Boaower fails to resgand to Lendcr anthin 30 days after the date the aotice is
<br /> �ivm,I�der is authariz��d to coAxt and appty tbt pracaeds.at its optian�either to restontion or repair of I�e Property ur
<br /> � e�tiiese�mssecurcdbythisSecurityInstrummt,wheiherornatt�eadua
<br /> ; Unless Lmdrr and Borro�ver othenvise a�a in wrririag,may application af pro�eeds to princip�l shal!not extend or
<br /> pottpone tlte due dste of the monttily psyments referred to in p�arag�aphs 1 and 2 or change the amonnt of sucb psymwts.
<br /> �. 10. B�occmwa Not Iteleare� Farbearaace 8y I.��rier Not a Wa�ner. Extension of t6e rime for psyment ar
<br /> r�adif�tion ci�orti�tion of the sums saeured ti�tfiis Sxurity Ia►stn�ment granted by Lender to�ny sueecssor in
<br /> iace�t of Barra�er shssA not aperste to relase the�s6itity of the original Bor�ower or Borrowu's sucressozs in intera�
<br /> I.eader slull auc Cx reqnired W cammsa�e pnocaed�ngs against any success�r in interat or refuse to extend time for
<br /> , payment or otvcrwise modify amortvatiaa�f the sums secured by this SecuriEy Instrument by reason of any demand made
<br /> 1; by the ori jinal Bostoxer or Borroker's svw�essois in��ttresi.Any forbearanc�by I.ender in exercising any right or remedy
<br /> aluU not bc s wuver of or prxlude lthe eAacise af mrz�argbt or remedy. �;
<br /> il. S�eoa�oes a�Asrips Bo��d,;Joi�t ai SeTerd Lia311lty;Co-sf�eni. The covenants and sgraments of
<br /> tlus Socurity Inttrumeat ahall bind and baxcfss t�e s�ua.�or�u�d xssi�ns of Lenda and Borrower,subjoct to the provisions
<br /> � of paragnph YT.Borro�ver's cavenants an�ggreeme�ts s1u11 beloi;at�rsd several.Any Barrower wha ca-signs this Security
<br /> Insirumtnt�oi d�a not exxute tht Note: (a)is co-si�aing this S��ity Instrumeat only to mortgage,grant and convey �
<br /> thxt.&xsro�ver'e inttrat in the P under the tam�.of this Sacurit Insm�azent;(b)is not � .
<br /> �P�Y Y PCrsonilty obligated to PiY
<br /> the sums secured by this Securiry Instrummt;u�d(e):�ugras thst Lender and rsny other Borrower msy agrx to extend, �� :�`,
<br /> ma�y.forbar or msJce any accommod�uons with regard to the terms of this Security lraatrument or the Note without
<br /> thai Borr+oxec'iconsent.
<br /> 12. Lou t�at�s. If the lou►sxured by this Security Iastrumsnt i�.s subjaet to s law which sets maaimum loan , �`
<br /> chuge�,and Ihat latv is 8nally interpreted so thst the interest or other lass chuges collected ar to be colkctod in �
<br /> � connection wi�h the laau�ceed the paa�ittal limita, then:(s)any such ►aa�chuge shsll 6e reducad by tho amotint �t�
<br /> naxssary to rednce the c3s�r�e to tht permitted limit;and(b)any sums alrad}copxted from 8orroaer which excaded . �`
<br /> petmitted limits c�T7Y fx c�,inded to Bonoiver. Lender may chaosc to m�lce this refand by reducing the princip�l owed ; —
<br /> nnder the Not�c^�issf uayci:�g s dirxt p�egns.azt ta$orrower.If a r�Cutt�reduces principal.the reduction wiU be treated as e ;
<br /> p:atLal prepaymrnt arithous,t.�,,v prepaym�es.t+:L:sr�+e c:stder the Note.
<br /> t
<br /> 13. I�islattoi A�I.eei�a'a�E� �f enutment or ea�ir,tti��n of applirable l�ws h� the effxt of
<br /> �ardraing any pravision of tfw Pdai.er t�rs�tcurity��strument unenforcra6l��rding to its terms.Lender.at its option, ;� ;'
<br /> may roquire immati�tt psymr.�i in E'u1T.4�,a11 sums securad by this Securic:- �:strument and mwy invoice any rernedies ' -
<br /> - permitted by pusgraph 19.If Lender exc�,:�ses this option,Lender ahalD es�Jce r�;e steps speciRed in the socond puagraph of
<br /> � p�E�Ph 17. -. ..
<br /> 11. Notlee�. A,m.}�isc�cece to Borro�ver provided fot in this Secutity In4t�.�nent shall be given by delivering it or by j;� ;;,.
<br /> m�il�a it by flrst clssa n�rsil�;anless applicable 1sN requires use of another r�rr.t�iod.The notice shaU be directod tu ttte -��
<br /> �rt�gerty Addre�s or any mt�er:ddress Bono�er de�ignues by�atir.�ta Ler.der.Any notice to Lender sh�ll be givc�!sy
<br /> f�rst cLss mail ta�.cnder's sddress ststed 6erein or any ather addrr.ss�L¢ndes desigr:ates by notice to Bortower.Any nRtic.
<br /> pr.�sy�ded'for in this Security bn�trument�hsll be doemed to hsve bec�given to IImrrower or Lender when givtn as provided
<br /> in.t)tis�ParaBnPh•
<br /> �S. GqTerat�Lw;�e�enbilit�. This Security Instrumcnt shall be governed by federal law and the i�w oi the
<br /> ssrsdiciion in Nhich the Properiy is locxtod.In the event th�t any provision or clause of this Security Instrument ar the
<br /> Note conAiots with applicabk la�v�such�n}fict shsll not�}!'ect other provisions of this 5ecurity lnstrument or the Note
<br /> �rhich can be giren e�'ect without the canfficting provision.7o this end the provisions of this Security lnstrumenl snd�he
<br /> Note are declued to be severable.
<br /> - 16. Bvrcower'a Co�y. Borrower shdl be gi�+e�t one canformod copy of'the Note and of this Security Instrument.
<br /> 17. Tn�ster o!tbe Pro�crty ar s Besefleta!Iaterat tn Horrower. If all or any p�rt oF thr Property ar ajiy
<br /> . interest in it is aoW or inasferred(or if a Ix�eficial interest in HorraNer is sold or tnnsferred and Borrower is nos a nslural _
<br /> person)withoul Lender's prior written cansent.Lender may,at its option,require immrdiate payment in full af ell sums
<br /> secured by thi�Security Jnstrument. However. this option shaU not be eaercised by Lender iP eaercisc is prohibited 6y
<br /> fedenllaw as otthe date oPthiS Seeurity Instrumtnt.
<br /> IP Lender exercises this vption�Lrnder sh�U give Borrower notice of acceteraZion.The notice shiU provide a period '` `- ---
<br /> olnot las than 30 drys from the date the notiee is delivered or mtiled within which Borrawer must pay all cums saured by �
<br /> this Security Instrument.If Borrower fails to psy these sums prior to the eapiration of�his periai.I.ender may invoke any
<br /> remedia permitted by this 5ecvrity Instrument without farther notir.e or demand on$orrower.
<br /> 1�.8orrowe�'s Ayit to Reintate. If Barroxet mats certun evrtditions,Borrower shall have the right td have �
<br /> ' Ci�tfiCc�n.'Tii Gf;�iii a�ic�."i3Tttji�itiaiiifTaiEi?ci�13CiS17tii1lIC�:�iRji tifiE�iTiOT ti➢i{72 E6i jl�i�if:�3�3 days(fii SU�ri 4F�iEi�ciiftf�i S3 ,��
<br /> applicable!aw msy specity for reinstatement)befnre sale of the Ptoperty pursuant.to Any power of sale contained in ihis ���
<br /> �. � Security Instrurttent;at(b)entty of a judgment enforcina thi�5ecutity lnsuument. Those conditions sre thst Borrawer:
<br /> {a)psys Lender all sums which then would be due unQer this Security Instrumen�end the Note had no scceleration �
<br /> occurr�t); (b) cures any default of any othet ebven�nts or agreements; (c)p�ys all ea�penses ineurred in enfotcing th�s r,,,,�
<br /> Secunty Instrument,including,but not limited to. reasonabte attomeys'kes:and (d) �akes such action as Lender may f �t��
<br /> rasonsbJy rcquire tn assure that the lien of thi�5ec:urity las�rument.Lrnder's rights in the Properly and �rrower's
<br /> - obl�ption t�r pay �he sums secured by ehis Security ln5tromene shall cont�nue uneh�nged. Upcm temstatcment by
<br /> _= Hotrowtr.th�s 5e�usaty lnstrument and the ablig�tibas secure�hereby sha{I rem�n€uNy effectitie as�f nn acctlerati�:s h�e! ' '
<br /> ' arcurre0.However,this nght to eemg�atesh�li not e�pp3y tn the rast of accelerauan us�der paragrephs!3 cet l7
<br /> �r�' .
<br /> '`f�iF
<br /> ���{v,(�'I ...�
<br /> r:"t.
<br /> i,:�j`j{i
<br /> ,r
<br /> ���'t�•
<br /> i :�
<br /> ft
<br /> - �. - '
<br /> _ . '_i . _ . " _ ." _ . _ . _ --_. � _. . _ . . _ . - _._ _ -`—. '_
<br />
|