|
� .. --._..... � ' ,�i.c:.•o-.:.-r� .. ._. ..
<br /> � ���
<br /> �:
<br /> � �
<br /> �
<br /> �
<br /> 1
<br /> �
<br /> 90_" 1024�`7
<br /> � If Lender required mort�a�e insura�ce ss s rnnditioc� of making the Iwn secured by this Security lrtstrument.
<br /> Borrower sh,li E+ay the premiums required to maint�in the insurance in effect untif such time as the requirement for the
<br /> insurusce terninuss in ucordance with Bnrta�er's�nai i.end=r's written agrtement or applicablo taw.
<br /> 1. 11r�setic�a. l.ender or its agent mty make reasoaa�te entria upon snd inspectiUns of the Property. Lender
<br /> sA�JI�ive Boi7o�wes notice at R�t�ime of or prior ta�n ins�+e�lion spccif}ing reason�ble cause for the inspection.
<br /> 9. G�o�ie�tt�. The proceeds oP�ny aw�rd or claim for damages,direct ar cansequentiel,in cohnectio�with
<br /> any conckmn�tios� or other taking af any part of tQo Propeny. or far conveyance in lieu of condemnation, are hereby
<br /> aui6ned and shall be psid to Lender.
<br /> ln the event of a tota!taking of the Proper�y.the proceeds shall be applied to the sums secured by this Secutity
<br /> lnstrument,�hethtr or not t�en due,writh any eacess paid to Borraaes.ln the eveat of a partitl taking oP the'Property.
<br /> unlass BorroNer and Lend2v otheraise��rex in writina,the sums sccured by this Security I�strument shsll be roduced by
<br /> tbe amo�nt oP the proceeds multiplied by the following fraction:(�)the total amaunt of the sums secured immediately
<br /> before the takins,divided by(b)the fiir muket value of she Propeny immediately before the taking.Any balance shall be
<br /> pid to BorroNer.
<br /> lf the Property is abandoned by Borrower.or if,after riotia by Lender to Borrower tha�the condemnor affers to
<br /> m�ice an awrard or settle a claim for damages,Borrower fails to respond to l�.ender aithin 30 days after thr date the notice is
<br /> �iven.Lender is authorizai to collxt and apply the proceeds,at its option,eit her to restoration or repair of the Property ar
<br /> to the sums secured by this Security Instrument,whether or not then due.
<br /> , Unles�L.ender and Borrower otherwise agree in writing,any application of proceeds to principal shall not eatend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 amd 2 or change the amount of such paymenu.
<br /> 10. Borrow� Not Releated; Forbaeance By Lender Not � Wdver. Eatension of the time for payment or
<br /> modiflcatian oF amortizarion af the sums secured by this Security lnstrument granted by Lender to any successor in
<br /> . interest of Borrower shall not opente to release the liability of the original Borrower or Borrower's successoTS in interest.
<br /> Lrnder shall not be required to commence proceedings against any succrssor in interest or refux to eatend time for
<br /> p�ymrnt or otherwise modify amortization of the sums secured by this Security lnstrument by reason ofany demand made
<br /> by the original8onower or Bonowtr's successors in interest.Any forbearance by Lender in caescising any right ar remedy
<br /> shtll not be a�riiver of or preclude the exercis�of any right or remedy.
<br /> 11. Srecessors aod As�ips Bound;Jotut and Se�eral Liabiltty;Co-signers. 7'he�vvenants and ageements of
<br /> this Security Instrument shall bind and beneSt the succasors and assigns of I.�nder and Bonower,subject to the provisions
<br /> of paragraph 17.Borrower's covrnants and agreements shall be joint and several.Any Horrower who co-signs this Security
<br /> • Instrumrnt but does not eaecute the Note:(a)is co-signing this Security]nstrument only to mortgage.grent and convey
<br /> th�t Borrawer's interest in the Properiy under the terms of this Security Instrumtnt;(b)is not petsonally obligatod to pay �
<br /> tbe sums secured�y th�s Jecunty lnstrum�m;an� (c)agrees that Lender anci any other�vrrowrr may agrr.r iu e;tte;id, --—=
<br /> modify,forbtaT or make anY accommodations with reIIard to the urms of this Seruntv Instrument or the Note arithout
<br /> that Borrower's constnt. — � � -
<br /> 12. Loan Gbuges. lf the loan secured by this Security Instrument is subject ta a law which sets maximum loan -
<br /> chuges, and that law is finally interpreted so that the interest or other loan charges collected or eo be collected in --
<br /> connection with the loan exceed the permitte�i limits. then: (a)any such loan charge shall be reduced by the amount •
<br /> necessary to reduce the charge to the permitted bitsr,it;and(b)any sums alrrady collected from Borrower which exceeded ��
<br /> permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed �
<br /> undes the Note or by making a dirxt payment to Borrower.If a refund reduces principal.the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Note. .
<br /> 13. Le�islaHon A!f'ecting Lender's Rights. If enactment or expiration of applicable laws has the effcet of j
<br /> rendering any provision of the Note or this Security Instrument unenforceable according to its terms,Lender,at its option, � '^
<br /> may require immediue payment in full of al) sums secured by this Security Instrument and may invoke any remedies
<br /> permitted by paragaph 19.If Lender eaercises this option,Lender sha11 take the steps specified in the second paragraph of �
<br /> paragraph 17.
<br /> ; 1�. \otices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by �
<br /> mailing it by first class mail unless applicable law requires use of another method. The notice shall be directe� to th�
<br /> Ptopetty Address or any dther address Borrower�esignates by notice to l.ender. Any notice to Lender shall be given by
<br /> &rst class mail to Lendtr's address stattd herein oe any other address Lender designates by notice to Borrower.Any notice
<br /> pmvided for�a this Security Instrumerrt sha11 be deemed to have been given to Borrower or Lender when given as paovided
<br /> in this paragrap�.
<br /> IS. G�ereing Lw;Se�enbitity. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdictioa in which the Property is located.ln the event that any provision or clause of this Security Instrnment or the
<br /> 1`ote eonflicts with applieable law,such conflict shall not affect other pro�isions of this Security instrument or the Note
<br /> . vahi�h can be given effact atithout the conflicting provision. To this end the psovis�ons of this Secunty Instrument and the
<br /> :Vote are dr�rv3 to be severabte.
<br /> l6. Harower's Copy. Borro�et shall be gn•en one conformed copy of thr tiv�,e and of th�s Security lnstrvmtnt.
<br /> l7. ?eaasfer of the Property or a Beneficial Interest in Borrower. If aII ar any part of the Property or any
<br /> interest in it issold or transfened(or if a beneficia!�nterest in Borrower�s se'.�or tra:�sferred and Borrower is not a natural
<br /> person)without Lender's prior written consent,Lender may,at its option,require immediale payment in ful)of all sums
<br /> � secured by this Security Instrument. Howe°ier, this opt�an shall not be ezerc�sed by Lender if exercise ts prohibited by
<br /> federal law as of the date of this Security InstruYnent. ;-- -�--
<br /> If i.tnder eaercises this option,Ixncier�haii givc Bc�r�ower notice oi actefe.-a.�on.The not�ce sha!!p:owde��.ri�
<br /> of nat less than 30 days frorn the date the notice is det�vered or mailed within whuh Borroaer m ust pay all sums secured by
<br /> this Security Instrument.If Bortower fails to pay these sums pn�r to the exptratios�of this penad,Lender may invoke any
<br /> remedies permitted by this Security lnstrument without furt�:er r.ot�ce or demand on Borrower.
<br /> 18.Borro�er's Right to Reinstate. If Borrower rtteets certam c�ndii�nns, Borrower shall ha�e the nght to have
<br /> enforcement of this Secunty lnstrument discont�nued at any time pnor to t�e eari�er of.(aJ 5 days(or such other penod as «
<br /> � applicable 1aw may specify for re�nstatement)before sale of the Propetty yursuant to an3•power of sale conta�ned m th�s �,
<br /> Secunty Instrutnent,or (b)entry of a judg�nent enforc�ng tt��s Secunty instrument Those con�mons are that $orrowrr. �,
<br /> {a)pays Lender al! sums w�h�ch then would be due under th�s Secunt� InStrumen� and the 1Jote had na accetetattot� �
<br /> oceurred; (b)cures any default of any other cove��ants or agreements. (cl pa}s all expen�eti sncurred �n enfnrrmg th�s �
<br /> 5ecurity Instrument,�nclud�ng, but nat i�mrted to, reasonable attomey�� ferti, and �d) take. �u:h actum a� l.ender may
<br /> ,
<br /> reasonably reqwre to assure that the hen of this 5ecuru} Instrurnent. Lender'S right< <n the Pro�:rt. and E3orrouer's
<br /> .^.�J:I^p.°.:.0,: :^, �::L :�i� '.UiTiS iCCUfCC�. �Sy' t}:SS �.^:.UTily �:1::U.^.:�:: `.�:ss3 ..:S:S:L� ..::Lt'.'1:�'�',n•� �'�-,n _;�n�tatcment .3:
<br /> Borrower.th�s5ecur�ty Imtrumem anef thr c+bl�gaEiom secured hcrebr�halirerna�n fu11y eft'e�ntie a�:f n��a�celet��ti�m had
<br /> i�ceurred F�awe�er. :l�is nght tc�rein�tatethallnut apply ir:theca�e��(a,�eler�ti��n ;,r�Jer ��re�r.+�he ����r 1 '
<br /> �
<br /> ,��,�..-�.�._;�-:�,..... --- ______._.�-.� — - . — — _ -
<br /> , ...- . — �,..,-..,.��.� ----- ,.� -- � -,�„�.,�.�.:.�,.:R_._, . . . .-.-:.
<br /> .,�.. ,. ,,. ., , . . . , . .,. • � . . . ' ..
<br /> : ' ' .. ��s5 i;� � � • . ,r;
<br /> a.,. . �_uet•• .'';:i$�'! F; ;.il:. , � . t .5�;.: .,_
<br />
|