|
�
<br /> =—=� °
<br /> a taY
<br /> __ � � � —
<br /> �
<br /> g�-r 10196'�
<br /> � IP Lender required mort�+�jx insurance a�a conditian af making the toan secured by this Security lasirument,
<br /> Borrowc�shall pay the premiums requirtd to matnt�in the insunnce in eReci until such time as the requirem¢nt for the
<br /> inaur�nce terminstes In�ecardance wfth Borrawer's and Lender's written Aarrement ar applic�Dle faw.
<br /> s. l�tctiw�. Lender o�i�s�jent may make reason�ble entries upon and in�pections of the Prcpeny. Lender
<br /> 3ha11�lve&��owre noticr�t the Nme oFar prior tosn inspeciion sfxcil}�irta reasan�ble cause fa�the insprction.
<br /> 9• Ca�An�atla�. The prceeeds of�ny�v�srd o�claim for cbtmages,direct o�consequential,in connectioo wlth
<br /> any candemnalioo or other takin�of�ny psrt of the P�opFny� or far coavey:nce ia licu ot condomnation. are hereby
<br /> aui jned and ahall be pdd to Lender.
<br /> fn the event oP a totrl taking of the P�apert},the proceeds shaii 6e ap�lied to the sum�3ecured by this Srcurity
<br /> I�strument,whether or not then due�with aey eacas paid to Borrower. !o the event of a panial takina oi Ihe Propeny.
<br /> unle3s Bomower and Lender othenvise�anre in writina,the aums secured by this Securi�y lnstrument shall be reduced by
<br /> the amount of the proceeds multlplied by the falbwin� lrution: (s)the total amount aP the sums secured immedi�tely
<br /> beforG the takin`�divided by(!t)the fair matket value oi the Froperty immediately tx!'ore the t�kiaa.Any b�tlance sh�ll 6e
<br /> p�id to BorroMer.
<br /> IP the Propeny is abandonod by BonoNrr,or iP,aiter notice by Le�dsr to$or�ower that ehe condemnar olfen to
<br /> m�ke a��Mard or settk s claim for d�maae�,8or�ovrer fails to respond to Lender within 30 days aRer the dzte the notice is
<br /> �ive�.l.ender i�autha�izod to colkct and appty the proceeda,at its option.either to restontion or tepair of Ihe Propehy or
<br /> to the sums secucerf�y ihis Socurity Instrument�whethcr or nat thm due. '
<br /> Unlas Lende�snd Borrower Mhenvise�ara in writing.any�pplic�tion of pracceds to pniR�:ipal shAli nat extend or
<br /> pastpone the due date oPthe monlhly paymeet+referred to in paregraphs 1 and 2 or change the slr.�aunt of auch paymenis.
<br /> 10. 8otrowcr Not Rek� Fo�Ye�rn�ce By I.e�de� Not • W�i�er. Extenaion of the time for payment or
<br /> modiflcatioo of amortiz�tion of Ihe sums secured by this Security lnstrumrnt ��anted by Lender 10 any s�ccessar in
<br /> interest of 8orroNer shall not operate to rclease the liability of the original Borrawu or Borrowe�'e successors i�interrst.
<br /> Lender shall not be requited to commence proceedinas against any�uccessor in inte�est or refuse to extend time for
<br /> ; p�yment or otherwix modify amortization of the sums secund by this Security Instrumen�by reason of any demand ma�e
<br /> by the oriaina)Borrower or Borrower's successon i�interrat.Any forbearance by Le�der in exercising any right or rcmedy
<br /> sfudl not be a waiver oPor precluidc the eaercise of any ri�ht or remedy.
<br /> 11• Srece�and A�i�s Bouxd;Jdnt and Se�enl Ua6lltty;Catigeen. The covenantc and agrecment�of
<br /> ihi�Security Instrument shap bind and beneflt the successors and a,uiEns of l.ender and Borrow�er.auhject to 1he pravisions
<br /> of psr�anph 17.Borrower's coven��u and agReemrnts shai't oe joint and uveral. Any 8orrower w•ha casigns thic Security
<br /> Instrument but does aot execute the Note:(��is casigning Ihis Security Instrument anly to mortgage,grant and convey
<br /> thal8orrower's inter�t in the Property under the terms of'this Security I�strumem;(b)is nat ��
<br /> personslly obligaled to paY
<br /> _ _ _ the sums secured by this Security Instrument;and(c)�Rrees that Lender and�.ny oth�►Barrn:�t�may agrcc tt►ext�td. � _
<br /> ��woiiy.iorcear or makt any accommodations with regard to thc terms of thi+Securi�y Instrument or the Note without
<br /> that 8orrower's consent. -
<br /> 12• I.ou��artq. li the loan secured by this Security Inctrument ic suhject �o a I�w which�cts ma�imum loan �
<br /> ---= C211IQlS. >rtd thst I��r i� �q,wwll� :n:�Y�� w.i,ini iitc itlitltSt OT (III1C� tOd1) CRaf�!@S CnIICCfCd (�� f0 �C CtllltClC(I If1 -
<br /> cnnntction with the loan eaceed the permitted limits, then:(a)any such loan charge shall be recfuced hy Ihe am�un�
<br /> neees.cary to reduce tht char6e t��he permitted lirs�it;and(b)any cums alrr;�dy r�ItecteJ fri�m flor�uwer which erceedal •
<br /> petmitted limits wi!)be refunded to Barrower. l,ender may chcx►se to make thic rePund by rniuci�g Ihe principal owed �
<br /> under the Note�r by tnakina a direct paymerrt t�Horrower.lf a refund reduces principai.the reductaon will be treated as a
<br /> putial prepayment wYthout any prepayme�t cfi�arge under the Note.
<br /> !3. I,e�islatio� AReett�s I�eader'� Rithb. If enac�ment or eapiratian af applicabte laws has Ihe eflect of
<br /> renderinE any provisio�oPthe Note ar this Security Instrument unenG►rceable according ta its terms,l.ender,ai its oplion,
<br /> msy tequire immediate payment in full of all sums secured by this Serarity lnctrument and may invo9ce any remedies ;
<br /> permitted by paraaca�h 19.!f Lender exercises this option,�.ender shall Wicr Ihe steps s�+ecified in the second paragraph of
<br /> paraanph i 7.
<br /> t4. Nottep. Any notiee to Borrower provided for in this Security Instrumene shaU be given by delivering it or by •�
<br /> mailing it by flrst class mail untess applicable lew requires use oP another methc?d.Tl�e notice chall bc directed to �he :�
<br /> Propert}Address or any other address ilorrower designates by natice to l.eoder. An��otice to Lender shaQ be given by
<br /> flrst elass mail to Lender's 9ddress stated herein or any o�her address Lender de�ignate�by notice to Bc�rrower.Any notice
<br /> provided for in this Security Instrumem shall be deemed to have been given to Borrawer or I.cnder when given as provided
<br /> in this parsgraph.
<br /> 1S. Go�ernieg Gw;Se�eea�ility. This Security Instrument shal)be go�•esaed by federal!aw and the law of'the
<br /> jurisdiction in which the Praperty is located. !n�he�vent that any pro��isian or ciauK of th�c Security Instrument or the
<br /> Note con8icts w'sth applicable law.such conflpet shall not aff'ect other pm�isions of this Security fnstrument or the Note �
<br /> whieh ean be gi�exr eQ'ect without the conftictrng provision. To this end the provisions oF this Secunty Instrument and the
<br /> Note are declatai to be sevenbk.
<br /> t6 �oxe�'s Co�y, Borrower shall Fx given one conformed copy of the'�ole and of this Security In�trument.
<br /> I7. Tn�te�of the Property or a Benefltial Interest In Borrower. If all or any part of�he Praperly or any
<br /> interest in it is sold or transferred(or if a benefrcial interat in Hnrrower is w!c!a:tr3�cfrrred and 13��r rs.wer iS not a nalural
<br /> person)without Lender's prior wrilten canse�t, i.ender may,at its option,requite immediate payment in full of all cums
<br /> secured by this Security Instrument. However, this option shall not be exercised by Lender if e�ercise ic prohibited by
<br /> federa)lsw as of the date of this Serurity lnstrument.
<br /> If Lender taercises this option, t.ender chall F�ve Barrow•er not�cr nf acrcleratr�m. 7'he nutice chall pr�v�de a peri�►d � �
<br /> of not less Ihan 30 dsys frvm the date the notice is de1i�•ered or maded+v�thin whirh Horrower must p�y all cumc secured by
<br /> this Securety Instrument. lf Bc�rtower fails to�►ny thetie sums prior to the exp�rahon�f�hi�pennd,(,endcr may in�oke any
<br /> remtdies pertnitted by this Security Instrument without further not�ce or demand on 13c,rrc.wer.
<br /> 1S.Bo►rower's Right to Reinsttte. If Dorrowtr meets certa�n conditi�ns, Rorrauer shall have the nghs to have
<br /> enforremrnt of this Security Instrumrnt discantinued at any tiane prior to the earlier of�(a)5 days(or such other r►ericni as �
<br /> applicable law may sperify for reinstatemtn�)hefore sale of the Praptrty p�rsuant to any �wer o(saie contamed i���hic �
<br /> � Security instrumenl;�r(b)entry otn juAgment enfarcing this Security Instrumrnt. Thuse c�nduionc are�hat Borrnwer.
<br /> _ � (�)psys Lender all sums which then w•ould bt due under thic Secunty Insts•ument and the Note had no acneleraticm �
<br /> occuned; (b)cures any default of any other roven�ntc or agretmenis, (c) pay. a11 eapenses uicurted in enforc�ng �h�c h
<br /> Seentity Instrument. mcluciing.but not l�mitrd to, reasosiahie at[orneys'fee5: and (d)takec such actu�n a� (.ender may
<br /> reasanabty reqwre tn assure th�t the lien nf�h�s Serunty Instramenl. Lender'c nKhtc �n the Yrn �rt �,�
<br /> = abligahon to pay the sums �ecured hy this Secunty In:t�ument �hall coi��inuc unchanged l�pun rc n�s�f�te,rner tehy �. +
<br /> __ FbrtoK•er.thic Seruri�y Inclrurttent anc!Ihe nhligauon�c��ured hereAy chall remaui iully efTechtie�c rf n„a�relrraUctn had
<br /> octut�rd. Flnwerer,�h�s ngh�te�rcinst�ttshall n��t apply in the case�,f accelerati��n unctcr�.aragraph� 1;�,r !'
<br /> __�,t� �
<br /> ±n�y
<br /> i����
<br /> r .
<br /> �.
<br /> [�� .r
<br /> .� �5.
<br /> ' __..=� � � � - -�.o�..
<br /> .� — ,—�— - - — — — " � .
<br /> _'"'_ _-
<br /> _ � �_ ___�ie�vw�w�wm�-mr�er�� v . . ..
<br /> . �-��-.-.e.......f/,y'wma'w.•�.---��-...--�-vn�r-s�T�7°"�'ltvmwwn,� ..- +o"�+`t�R�!YT4n!n'•""'__."�^'Mn*!'RS'. .��.-'^---,.. . ' '. ' .. - ' - . , - -. _
<br /> _ __ �_..._,___..� -�t�"+�{�{4r�r_ f...t ��
<br /> c+ .i,
<br /> �. � . - �'+�+-�-...arr . . i '-r.. .�,..-. ���
<br /> . - . . 1, ' . . . c - � • � . „ -
<br />' .. - .----.-.�—.:. . . ._ . . ..... -,:'_'_ _-'- ' _- __ " _ - . . .- _' _ .
<br /> �- , .. . ....�r,. - " - '' -" .:.' :�� .. . '�._ c' '_ _..,- . " -_ :'.: _ _ :. ' ' ' ' ..' ' "_' — __._:.-- .'_ � _ '. '_ -' __ —
<br /> � • . � . . � "t _ - ' "' __'__ _'
<br /> .. J � ' lt � - _ . .. . . _ '. . . . . .
<br />
|