|
_ r . �... ��_
<br /> - i �w ....._......i
<br /> ' _'.IS �
<br /> - .x
<br /> -�:�
<br /> ��=�
<br /> _c��
<br /> -- � �
<br /> 90--142�'�6
<br /> � If I.ender recJuired murtgage insurance us a c�ndition oP making the laan secured b�• thi5 Security Instrument.
<br /> F3orro�+►er sh�ll�+ay the pr�miums r�quired to maintuin t�e i�surance in effect until surh timr as the requirement for�he
<br /> insurs►nce terminates in accordance with Ronc�wer s and Lender'c written agreement nr applicAble law.
<br /> _ 8, lnspcctton. Lender or its agent may make rrasonable entries uEwn aind inspectians aP ihe Prcperty. Lendec
<br /> shall give Borrow�er notice at the time oPor prior to un inspcction specifying reasunablc cause for the inspection.
<br /> 9, Candemnation. The praceeds of any award ar claim for damages,direct or ca�sequential,in connection a�ith
<br /> any condemnation ar other taking of any part of the Property.or for com•eyance in lieu of condemnation, are hereby
<br /> assigned and shaU be paid to Len�er.
<br /> ' In the event of a total taking oP the Propeny, the proceeds shal! be apptied to the sums secured by this Security
<br /> Instn►ment. whether or not then due,with any excesa paid ta 8orrawe�. In the event af a partial taking of the Property.
<br /> unless Borrower and Lender otherwise agree in writing,the sums secured by this Security lnstrument shall be reduced by
<br /> the amount ol'the procaeds multiplied by the following fraction:(a)the total amount of the sums seoured immediately
<br /> beforc the taking,divided by(b)the fair market value of the Property immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> If the Property is abandc�ned by Bonower,or if,aRer notice by Lender to Borrower that the condemnor offers to
<br /> make an award or settic a claim for damages,Barrower fails to respond cv Lender within�0 days a�ter the date the nolice is
<br /> given,Leader is aut�arized to collect and apply the proceeds.at its o�t;cn,either to restoration or sepair of Ihe Property or
<br /> to the sums secured by this Security Instrument,whether ar not then dae.
<br /> EIe►less Lender and 8orraKer otherwise agree in writing,any application of proceeds to principal shap not extend or
<br /> � postper�e ihe due date of the monthly payments referred tm in paragraphs 1 and 2 or change the amount of such payments.
<br /> ip Horrower Not Released; Forbannce By Lender Not a Waiver. Extension of the time for payment or
<br /> modification of amortization oP the sums secured by this Security lnstrument granted by Lender to any successor in
<br /> interest of Horrawer shall not operate to release the liability of the original Borrawer or Borrawer s successors in interest.
<br /> Lender shAll not be required to commence proceedings against any successor in interest or refuse to eatend time for
<br /> payment or otherwise modifp amartization of the sums secaared by this Security Instrument by reason of any demand made
<br /> � by the original Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any right or remedy
<br /> shal)nat be a waiver�FOr preciude the eaercise of any right or remed�.
<br /> 11. Successore antf Assiges Bound;Joint and Several Li�bility;Casigners. The rocersants and agreements of '
<br /> this Security Insttument shall bind and beneflt the successors and a.�.4�gns�f Lender and Borrower,subject ta the provisions .
<br /> of'paragraph 17.Borrower's covenants and agreements sha!!be joint and see•eral.An�8onower who casigns this Security
<br /> Instrument but does not execute the Note:(a)is co-signing this Security lnstrument only to mortgage,grant and convey '
<br /> that Borrower's interest in the Property under the terms of this Securit�lnstrument;(b)is not personally obligated to pay '
<br /> - iht sLms sc:.urcd b3 ihis S:,curity'lnstrum.°nt; snd(c1 sgrees thst Lender snd�n;other Honower msy a�•ee •.o eRtend, _-. -_
<br /> modify,Porbear or mpke any accommodations with regard to the terms of this Security lnstrument or the Note without •
<br /> , .!�s:R.�na:.�:'d�^:�nt. - -
<br /> l2. Loan Chirges. If the Ioan sec:ured by this Security Instrnment is subject ta a law which sets maximum loan � �
<br /> � charges, and that law is finalfy interpreted so that the interest or other loan charges collected or to be collected in
<br /> cannection with the loan excetd the permitted limits, then: (a) an�• such loan charge shall be reduced by Ihe amount :
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already callected from Borrower which exceeded '
<br /> permitted limits will be refunded to Borrower. Lender ma�� choose to make this refund by reducing the principal owed
<br /> under the Note or by making a direct paymen;to Bonow�er.If a refund reduces prcncipal,the reduction wift be treated as a `
<br /> panial prepayment without any prepaymer.t charge under the Note.
<br /> � 13. I.egisiation A4f`'ecting Lender's Rights. lf enaztment or expiration of applicable laws has the effect of
<br /> rendering any provision of the Note ur this Security Instrument unenforceable according to its terms,Lender,at its option, {
<br /> may requirc immediate payment in full of all sums secured by thi� Security Instrument and may invoke any remedies
<br /> permitted by paragraph 19. If Lender caercises this optcec�,Lender shall take the steps specified in the second paragraph of
<br /> , paragraph 17.
<br /> 14. Notices. Any notice to Borrow•er provided for ir�this�ecurity Instrument shall be g�ven by delivering it or @y ,��
<br /> mailing it by first ciass mail unless applicable law requires use of stta,ther method. The nQtcce shall be directed to the
<br /> Property Address or any ather address Barruwer designates b}•noticc to Lender. Any notice to Lender shall be given by
<br /> first class mai)to Lender's address stateci herein or any other addres� Lender des�gRates by notice to Borrower.Any natice
<br /> provided for in this Security lnsirument shall be deemed to ha��e been given to Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> 15, Goventing I.aw;Severability. This Security lnstrument shall he governed by fe�3eral law and the law of the
<br /> jurisdiction in which the Property is located. !n the eveni that any provision a�clause of th�ti Security Instrument ar the
<br /> Note canAicts with applicaDle faw, such conftict shall not affect other provisionc of this Security Instrument or tDe Note
<br /> whieh can be gioen effect without the confticting provis�on.To this end the provisiam of this Secunty instrumcnt and the
<br /> Note are deelared to be severable.
<br /> 16, R(IR01����9C�Aay. Aorrower st�all he gi�en�ne conforrned c�ry nf the tiute and of'thic yecurity In�trument.
<br /> 17. Tnnsier ot tite Propercy or� Beneficisi tnterest in iiorrower, ii a1i ��r any part of ti�r �ru�t�y ur any
<br /> interest in it is sold or transferced(or if a beneficial intcrest in Borrower ic s�ld or transfcrrcd and Borrouer�s not a natural
<br /> persun)without Lender's prior written cunscnt,Lender may�.at us c�ption, requirr immediate pay�rnent �n full of all sums
<br /> secured by this Security Instrument. Howe�er, thiti�ption shall n�t be exerci�ed h� l,ender if exercue iti prohibited by
<br /> federal law�as of the date of'this Security lnstrument. �-- --_-
<br /> _____ if i,encier exrrcicec thic opttc�n,lxnder shall g�ve Rr�rmw•er nc�tice of aceelerst�on.�fhe notice tihall �rovide a pene�d •
<br /> - . c�f noc less than 30daysfrom the date Ihe notice isdeli�ered c•r ma�lcriµithin a•hich Hnrrowcr mu�t ray al!�um�tierured by
<br /> this Secunty lnstrument. If Borrnwer fails to pay�these sums pr�nr t�the rxp�ration of th�,penc�ei, l.ender ma� �nvs�ke any
<br /> � remedies permitted by this Security Instrument w•ithout further nouce or demand<�n Rcuroucr.
<br /> !8.Borrower's RiRht to Reinstate. If Rarro«er meets certaim m�din��n�. Rc�rrauer�hall hatic thc right to ha�c
<br /> eniarcement of this Secunty lnstrument J�SCOntmued at an�•timc pr.��r tu the earher e�f la)�tiay�(�r�uch uthe:peru,ct a� � �
<br /> L :spplicable lp«•ma� �pec�fy for re�n�tatement)t�ef�•re talr c�f the I'ro�xrty rur.uant cn�r�y jx;«er�+f��tilc r�ntained�n th��
<br /> Secunt5�lnstrument: ar(b)entry nf.��ud�me�it enfor,�n�thi�5e�•ur�ty imtrument Th��.c���nc1�U�m�arr that Nurr��wrr
<br /> fa) pa}s l.cnder all tiumc Lch�ch thcn wnuld hr�iuc: undcr thi� Sc.ur�t� Ir�.trurncn? .+n�i she ti,�tr had n�� ,u�rlrr.tt,�m �r
<br /> �x:curred: (b)cureti am�de;iault ��f any <�ther ci�tienan�ti ur agrrrmc�nt�. 1�) r,�yti all rtren�r� +�i�;,rrcd in rnf��riuic th�< <`"
<br /> Secur�t� ln�trument. ,ncludinc;. hU[ tit�t IiritltCd Ie�. trawnahlr .�Ru.ncy�' f�'cti. ,tnil Ic�l f.11�r� ,w h a.h��h .�. ! rnilct nt�ti ��
<br /> �� reasonahl}� reywrc t�� a��ure that t�e licn ��f thi� �crunty Imtrum�nt. ( ciidrr'� r�.•ht. in ttir Yr��E+rr�} �,n�f �t��rr���rr'� �+�
<br /> �• ,,hlig:�tscm t�, �a} t�tc �uttn �ciurc�l h� thiti tir.unt� In�trument �h.ill .��unnu� �:r�.h,in,:t�,f 1 �� n :•ni.t.�t�•in;r�r h� ..
<br /> -- _-= iiDCi��v:wrt.ti�i�tic�uf Ii��i��i�utllrlii .�(i��itic�����Idnil�,�s.•t�U(c��4.crr-.� •hnii tc�n.o���i�tl�i �}ti�i.tii .�. ,�r,�•.l.,i'ic � �:�,��, 1�,��1
<br /> ,�.rurrt•il N����c+cr. ihi.r:cht!��lCIt1�IJ�C��'1.1�� t1�1 .t����11:!�rC�e�C� ' 1t::'�:'!Ili•.,� ut�i1:� �.t'.i�f ��'f•. 11�.� �'
<br /> _ �f' �
<br /> r�r���1 a�
<br /> _f !,j�
<br /> . �
<br /> ��. 7';
<br /> 1 •
<br /> � .
<br /> �
<br /> .:._.--� --.m=�_ .. . . ... ,. . • __ _ _— — __-- -- _ _ _—_ ___ -__ -
<br /> _' ...,�:u.v-p+,.,..�v-exe.r�n.�pq�.Y�T .... . - _. ,�.��:T.-.r.nrs^"[� . . ' .
<br /> �'� 5:' ' :,_... . . ,, � Y ' .., �
<br /> fI. 1�" ' . . . . . . fu. . ;: M' � .. ' (, ..^S' .. . . ... ... � . . . . '- F .
<br /> _ " .'_ � • - '(: • . . i. . . , ... . ... . (' ' � . fs ,
<br /> e.. ' �
<br /> —_'__ —"'����.T"-- _'-_ — .—�—_—_-__ _ -- —___" '" — —:____—_..--Z=--- —__��� _. __._________._'-._.
<br />
|