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<br /> ._ .__..—._-'_-_—"__"__.'__'__._-_ __'_"'_"'_'_ _"� -__'-'"'_'__ __ _-' _ ____-'_'___ '_ - _ . . . . . _. � .. .. "' _'— ' ' ". _ �.
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<br /> ; . , . ; . , . . , . `. �� 1033a9 � � � � . .
<br /> t . . , _ . _ ,
<br /> _� .. , �tf Lsmd�rrqairea dsorr�r iawr�aa a.oomiaaa of makin�tbe w�,.eeuma`by this Sacurity Ins�urr�a+t. . ` :
<br /> i . - ,$c�rdAwes�tl pay tbe p��eniuina rbq�ie+ed fo m�ataio tbe iraurstlue ia elrec�untit sac6`timc as tI�reqai�emmt fas tt�e
<br /> • i � . co�tuapa termiattet in a000�d�ect�vitlt BoclaVPe*`E�ad I.epder'=xtittm a�roemeat�r applic�abkla�v.� � - ,
<br /> ; i. I,�cfie�• • I�ender or its.yeat msy make ra�nabk.enuies upan�inspoctians af the Praperty.I.end�r .
<br /> . . t �l ove Batfc�rer notice st tLe timtaf ar prioc to aa iuspection spodfyias rasoc�bk caute for thqanspectioa. ,
<br /> r !. CMi�lio�. T6e proceeds�any a�vard or claim fer dam�a,direct or consequmtl�l.in cuoaa.�tioo with . � , '
<br /> ' a�►y ooeaamaation or other wda f ort'any p.r�of rbe rnnperey,or fpt cA,veyance in tiea oP co„aemnatioa,ire ba+e�► ,
<br /> ' � ; � a�ap�ed atlshtil!be pid to t.e�der. • � � ' •
<br /> ' , � In�the evatt oi'a totst tatin�of the Property,Ei�e pr�eoeeds shall be applied to t'6e sutm aecnred by this Security .�
<br /> i � � Instrurt�ent,w�tha s�c not tbm duG with aay excas paid w B�rrarver.In thc.evea�of a partial taking of the Praperty. � ,. _
<br /> � j . asless Aotmw�er an�I.ender other�vise a�ree in�vritins.tlu sami secure�by�his Sec�uitY Instrumeat el�al.i be reduced by � ,
<br /> ` tlie a�a�4oat of tbe proceeds mnitipliad bq the folto�ving fraction:(a)tlze toW amount of tbe ao�s secnred immalistely� .
<br /> �i befc�rie the taicins,dividad byr(b)the fiir masket value ot'the Prnperty immed'�ately 6eforc thc talriag.Any botlance shaU 6e , .
<br /> .' pridwBrc�rroper.
<br /> . ;,: If tbe P'ropaty is aband�nad by Borrrnver,ar if.after notice by Lender to Borrower thst the condeamor offera to •
<br /> , �� maca�a�rd orxttk a cLim for d�un�Bosrower fails to rapad w I.ender Witlun 30 dsys after t6e date the aotice is .
<br /> �ivea,L,endtr is autho�ized to oolket aad tpply tlie pcooeeds,at ita optioa.either to restontion or repair of the Fropetty ur
<br /> ho i
<br /> r':,.'.r � � , . . LO f�1CS1IafS StCIIIC��t�S SOC{[[/�j/L1f�tilIICAt.�T�bCtQ[110t tIlElt a11G � : ` .
<br /> - � Unks�I.e�der aad&�crowsr otbtnvise aga in writiag,any spplicauon ofptviceals to�rincipal sl�ll not extend ar ,
<br /> • po�tpaae the duecl�e oithe monthly payments referred to ia parsgrsphs 1 ar�d 2 or change ti��mount of snch pay�rieats. .
<br /> . . � � . 1Q Horsa�rer N�t Rekaie� Faeie��oe By I�nder Not s Witrer. Exteasion a€the time for psytnent ar ��.
<br /> �: � " � modi�pttiote af�motti�tiaa.e$'�it�e,sums sesura!bl►tbis Securlty Instrummt granted by I.ender to ea►y succe�ssor in ��
<br /> ;"` i , � inteer�t of Borro�rer shalt net�esste W nIaue the liability of ttie original Borrower or Borrower's successa�s in interes� .
<br /> ��. .Leacier al�all not 6e requir�d t�c�onamence Proceedin8s a$ainst any sneces.gor in�interest or refase to extend timc£cr � ' , .
<br /> .. .payma�t orot�moatif�r amortizadon of the sums saurod by th€�;�rcurity Instcumrnt hy reason ofany dema�m� � � . •
<br /> - by the origin�l Haaip�rer or BotroMer's aucceasors in intaest.Aay,fur6�rance by Lender in exerclsing aay right or retried� .
<br /> , sba11 not beswaiverafor prxludett�e exerciseofany right orremdd3rr. �';
<br /> il. S�oceMOrs aad Awipr Bo�rd;JoiNt wl.Se��ral Lta6iTety;Co�sipen, Thr coven�ts and agreements of . . ;'..;.
<br /> i this Security Iastrument shall bind and beneRt the succes�gars and asiigns of Lender and Borrower,subject to she pravisions :
<br /> i ' oPparagapb 17.Bonmrret's covenants and agreements shall be joint and several.Any Borrowa who co-aigns this Sxurity.. '
<br /> ' Instrument but daes not eaecute the Note:(a)is co-signing thia Security Instrument only to raortgage�grant and convey �
<br /> f �;���
<br /> f . thst Borro+�er's interest in the Property under the terms of this Security Instrummt;(b)is not person�lly oblipted ta pay -
<br /> � the sums sera�red by this Security Instrument;and(c)agras that Lender and any other Borrower may agree to estend,
<br /> y • modify;forbar or make any accommodations arith regud to the terms of this Security[nstrument or the Note withoui _
<br /> ' that Bonrnver's consen� .
<br /> 12. Lo�Ay�rfes. IP the loan socured by this Socr�rity Instrument is subjoct to a ta�v which sets maaimum loan
<br /> � charga. and that la�► is finaUy interpntod so that the inierest or other laan charges collacta!orF.to be collected in `
<br /> �� connecrion wtth the loan excad the permitted limita. then: (a)ar�y such loan charge shall be reduced by�he amount -
<br /> , ; necesssry to reduce the chsrge to the permitted limit;aad(b)any sums already co1lected from Horrower which eacee�ed =
<br /> ! permitted limits�vill be refunded ta 8ottower.Lender may choose to make this refund by roduciag the principal owed i
<br /> . E under the Note or by making a direct payment to Borrbwer.If a refund reduces principal,the rednction will be ueatod as a
<br /> � � pattul psepaycnent�rithout anq prepsyment charge under the Note. .
<br /> �.� 13. I�tlo� Affeatt�I.eader's RigMb. If cnactment or expiration of�pplicabfe laws has the eRect of
<br /> rrnderins any provision of the Note or this Seeurity Insttument unenforceabte according to its terms,I.ender.at its option,
<br /> i msy roguire immediate psymenE in full of all suans secured by this Security Instrument and may invoke any remedies
<br /> j pesmittad by p�saarsph 19 If Lender exercises this option.Lender shsll take the steps specified in the second paragraph of
<br /> , i pusgrsph 17. � . ;'�'°,
<br /> ; � �14. Notica. Any notice to,Bonower providod for in triis Security lnstrument sha11 be given by delivering it ar by
<br /> ' � tnailing it by.first ctass mail untess applicable faw roquires use of another method. The notire shall be directed to the �.��:
<br /> � property Address or any other address Bonower designstes by notice to Lender.Any rtotice to Lender shall be given by � �
<br /> ( Arst cl�ss mail to Lendtr's address stated herein or any othcr addreas Lender dcsignates by notice to Borrower.Any naiice _
<br /> � provided for in this Security Instrument shall be damed to have ban given to Borrower or Lender when given as provided �
<br /> � in ihis paragrsph. -- . _._. .
<br /> 13. Go�e�t�l,sw;5e�trabiltry. This SSasurity lnstrument shall be governed by federal law and the law of ihe �
<br /> � jurisdiction in which the Property is located.In the event that any provisian or cl�use af this Security lostrument or the
<br /> , Note canflicts with applieable law�such conflict shall not affect othcr provisions of this Security lnstrument or the Note
<br /> ` � which caa be given eBect withaut the conflicting provision.To this end the provisions of this 5ecurity lnstrument and the �
<br /> + .Note ue dectared to 6e severabie. �
<br /> - 16. Boerowee'a Copy. Borrowcr shaU be given one conformed cupy of the Note.and of this Sccurity Instrument.
<br /> � !7. Tra�ea[er ot t6e Prooetty or s Beee&ial Teterest in Boreowe�. 1f all or any part af,the Property or any ,
<br /> � ' , inierest in.it is sold or transferred{ar if a beneficial interest in$orrower is snld or transferred attd Borrower is noi a natural
<br /> . � . person)without I.ender's prior writttn cansent,Lender may,at its option,require immediate payment in full of all sums ,
<br /> securt�d by this Security Instrnmcnt. However,this opeion shall nat be exercised by Lender if eaercise is prohibited by ___ _ __
<br /> ' fed�r�t 1aw as of the date of this 5ecurity Instrument. ' �
<br /> �� �- /f Lender taercises this oprion,Lcnder shall give Bosro�•er.aow-�of acceteretion.Therotice shall provide a peried � -
<br /> � , oi not less than 30days from the date ihe ac�:¢e is delivered or mailed we'thin which Borrower m��st pay all sums secur��by ;
<br /> -- , - - - this�ecus�ty Z�3irumest.IF Etssm1:c:-�a::s tsi�y#hcse gusns�Sriot tt#l2�e expitsiiEStt ef!h���ittcl,L_adef��-�e+ral�.e�y . � . _
<br /> : remedies permittod by this Security bnstrument wethout further notice or demar.d cn Borrawer. t
<br /> ia.Borrt►Rer's Rtgl�t to Yteinst�te. IP�orrow�er meets cenain canditions.Borrower shall have the right to have
<br /> L enforcement�F this Security]nstrument discuntinued at any time prior to the earlier�f:(a)S days(or such other periad as
<br /> applicable law rnay speeify for reinstatement)bet'ore sale of the�to�erty pursuant to any power nf sale cantained in this
<br /> Security Instrument;ar(b)entry of a judgment enforcing this Secnrily Instrument. Thase sonditions are that Borrc�wer:
<br /> (a) pays I.cnder a11 sums which then wauld be dup under this Security Instrument and the Note had no acreleratian r•:
<br /> aecutted; @)cures any def�ult of any other covenants or ogreements; (c)pays a11 expenses irtcurred iu rnforcing thiy �
<br /> Secvtit} Mstre�ment,inctudsngs but nat limiied to, reason�6le attorneys fees;artd td)tukes such action a4 Lender m:iy , -
<br /> � tt�sonably requite to assure.that the tien af tbis Security Ittstrument.Lender's nghts in the Praperty and gorroa�er's , � .�
<br /> obligation to pay thr sums secured by lhis SeCUrity Instrumeni shall cc�i�tinue u��c6angcd. U�n rein�taten�ent hy
<br /> - � � - $orrower,this 5ecurity lnstrument attd the obligationssecnred hereby sh�li�temain fulty effectivc s�c�f'nn acci:lerat��»�h�d � �
<br /> , accuned.However,this right to reinstate shal)not apply in the casr of accelerasion under paragraphc 13 or 17
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