|
_, . _ . .... :,... >
<br /> . . ... . . ,.
<br /> , .
<br /> . .,,. _
<br /> . .. . � . -- ._ ' . . ' _ .. F . ' . .. . . _ _ t... . � . . -.. _ _ .
<br /> . . -.. ._ _._ .... ..._. .____�. . . . . .. ._
<br /> ... -._ . F' . ' . .. �... . . . _' . . . . ( �� .
<br /> . . ' i � . . � � -
<br /> ` ..-.....ra�„" - � . �� � ,. . ' .. ` � .. . . . ". ' –i ,�
<br /> , ' . - . , ` ' , .
<br /> � � . � � . � � . � � .94- i0336� �
<br /> � tf Le�der requirat mongsge insvrance as s►raadition of making the.taan secured by chis Serurity lastrument,
<br /> � • . ��8orrower sha3t pay the prrmiams required ta mainUin the insannse in effect untiE such timr as the reqniTement�'or the - .
<br /> insurance tcrminata in aocordancx with Botrawrr's and Ltnder's written agreaueat or apglicabk law.
<br /> ; '�: �peettos: I.ennder or ita aEent may makc rea�anablc enttits upon sad inspactions oF tht Pmpetty.F�r�der �
<br /> f s'halfi�give Bo�row�r rtatice at the time ofor prior to an inspaction spxifying reasonabtc cause fos the inspection. ,
<br /> 9. Co�atio�. . The procee�s+�f�ny nrard or ctzim for damagrs.diTect or consegucntial,in cosmection with . - � .
<br /> .. . � any condemnation ar othtr tatcing of�tny pnrt oi tbt PraperEy,or for canveyance in ti�u of condemnation,are hereby �
<br /> , issi�ed and sh:l�be paid to Lcnder. . . , ` .
<br /> • ; In the event of a Eotal tsking of the Property,tkc prxeeds s1�a11 be applied to the sums socnred by this�Sccurity <
<br /> . ;� ' tnstrumtnt,whether�r ttot then due,with any excess paid to Bt�rrower.[n the event.of a parteal taking of the Praperty, ` ' .
<br /> _ unl�s Borra�ver and Lender oth�rwise agree ist w�iting,tlte sums secared by this Sccurity Instruraent shalt be iettaced by .
<br /> . � . , ihe amount of the procads multiplie�by thr foltowis�g fractian:(a)ti�e total-asi�ount of the�sums secured imrnediately �
<br /> , before the taicirtg,dividod by(b)the fair marlcet value of ths Property immediateIy lxfore the takiag.Any balance shal�be ,- - ,
<br /> . , ' paid to Borrower. .
<br /> , If the PropeRy is a6andoned by Borrower,or if,after notice#�y Lender to�orrower that the candemnor offers to
<br /> ; mslce an award ar sc�tte a claim for darnages.Banower fails to respoad to I.ender within 30 day�s aftec the date the narice is. �
<br /> r � givrn,I�nder is authorized to collect and apply tUe proceods.at its optiorr,either to restoration or repair of the Property or
<br /> � � . ta the sums secuted by tLis Socurity Instrumtnt,whether or not then due_ . . ' �
<br /> Unkss Lendtr aad�orrower othetwise agroe in wridng,any appliration of proceeds to principa!shal l not eatrnd or
<br /> , j . postpone the due date of the monthly paymcnts referred to in Faragraphs 1 and 2 or change tht amount of such payments. � .
<br /> ; . . 10. Barruxer Not Reie�sed; Forba�rsnce By Lend�i Not r+Waivtr. Extension of tbe�tiiiie for�yment or •� .
<br /> � modificatian of amort'szation of the sams sccured by this Security Instrument granted.by Lender to any sao�sar ie .
<br /> �# intetest of Borcower shall not operate to release cE►�lia67ity of the original Borrower or Boirower's successors in ireterest. �
<br /> � Lender shall aot 6e required to commenee proceodings against any saccessor in interest or refuse to eatend time for
<br /> � "payment aa��herwise modify amoriization of the sums secured 6y this Security Instruinent by reason of any de�xsd made .
<br /> � , by the ori�aai Borrower or Bonower's succsssors in interest.Arry forbearance by Lender in exercising aay righ4�ta fcmedy � .
<br /> + sbalf not bea waivtr of or greclude the exercise of any right or remedy
<br /> ! 11. Sac�e�we�tMad Aasips Bouud;Jofnt and Sersral Ida6ility;Co-sigueas. The covenants and agreements af . � " �
<br /> f this Socurity tnstrumey¢s,kall bind and benefit the snccessors and assigns of Leader and Bonower,subject to the provisioas - �
<br /> � of paragraph 17.Borro+wer's covenants pnd agreemrnts shall be joint and several.Any Borrower who casigns this Security
<br /> , Instrument but does not eaecute the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey
<br />, ' that Borrower's inter�i in the Property under the terms of thzs Security Instrument;(b)is not personally obligated to pay �; f '
<br /> � t�►�e sums seeured by this Security Instrument;and(c)agees that Lender and any other 8onower may agree to eatend, �
<br /> ' modify,forbear or make any accommodations R1th regard to the terms of this Security Instrument or the Note without ' _
<br /> � that Bornower's consent.
<br /> , � Z�. i:+uan Charges. If the laa�s secured by this Secarity Instrument is subjeet[o a taw which ssts max'sLcum loan
<br /> i . charges, and thai taw is finaqy interpreted so that the interest op ather toan charges collected ur to be colCectcd in � _-
<br /> ? cannection with the Lr•s�wa eacad the permitted[��its. then: (a)any such doan charge shall be re�►.�ced by the amaur_¢ '�'�—
<br /> � ; �ecessary to reduce tEn��c�arge to the permitied iic^.:s;and(b)any sums already collected from$ssrs�awer which exr,eeded � —
<br />, ( ' p�ermitted limits will be refunded to Nonower. Lender may choose to make this refund�by reducing the principal owed �'��'
<br /> uader the Note or by making a direct payment to Borrower.��'a refund reduces principal.the reduction wili be treated as a
<br /> � partial prepayment without aay prepayment charge under tI�e'_Vote.
<br /> . i 13. I.egblalloa ARecting Leeder's Rigrtts. If enactment or eapiration of appticab!e �aws has the effect os �
<br /> rendering any provisid�of the Nnte or this Securix;•Instrumet�t unenforceable according ta its teraoa�,Lender.at its option, ;
<br /> ' may requ�re im.media�e payment in Pull of all su;ns secured by this Security Instrument and may�invoke any remedies
<br /> permitted by paragraph l9.1P Lender eaercises this option.�rsder shall take the steps specifled in thc'second�::�grapb of
<br /> �! paragrap�i Il7. � �
<br /> , 14. Notices. 4�ny notice 3a Borrower pravided far in this Security Instrument shall be given by delivering it or by
<br /> . � mailing it by first class mail uniess applicable taw requires use of anothcr method. The notice shall bc directed to tl".e . ;�
<br /> � Qroperty Address or any other address$orrowet designates by notire to Lender. Any ra�tice t�Lender shall be given by ,
<br /> first class mail to Lender's address stated herein or any athcr acldress Lender designs�tes by nntice to Borrower.Any naticc
<br /> I provided for in this Security instrument shall be tieemed ta have been givcn to Donower or Lender when given as provided
<br /> � in this paragraph.
<br /> � l5. Gorenilag I.��v;Severability.- This 5ecurity Instrument shall bc gaverncd by feder�i lnw and the law af the � � -�- ---�� � �
<br /> .,jurisdictian in which the Property is lacated. In the event that any provision or clause nf this 5ecurity lnstrument nr the
<br /> Nate canflicts with applicable law,such conflict shaU not affect other pravi�ions c�f this.Security 1nslrumenl or the Note
<br /> , ' wbich can be given effect without the conflicting pravision.To this eud thc pruvisiimti��f this Security Instrument and 1he � �
<br /> � � Note are declared to br severable. � ,
<br /> , � 16. Borrawer'a Capy. Borrower shall be given nne canPormed copy,af t�e N�ie and nf this 5ecurity lnstrumrnt. '
<br /> � � 17. Tnn�[e►ot the Propaty o�� Bencflcial lnterest ie Boeroxe�.. If all ar any part nP thc Pr��retty or any �
<br /> � interest in it is sold or transferred(flr if a beneficiat interest in B�rrotver is s�lci ar tran�ferred ancl Iiurruwcr i�n�t�nalura! �
<br /> . � , person)without Lcnder's prior written ransent,l,ender may,at its option.rryuirr immeciiate payment in full of a11 sums
<br /> � secured by titis.Security Instrument. H�wever,this aption shall not be eaerciscd hy l,cncier if exercise is prohibited by
<br /> , federal law as of the date of this Security lnstrument. ;-----=—-_--
<br /> , If Lender eaercises this�ption.Lender shall give Borrower nutice�f acceler�tion.'the noticc shail prnvide a period �
<br /> of nnt Iess than 30 days from the date the natice is delivered nr mailed within which Borrower must pay al!sums secured by ; "
<br /> _.._ . _ Ihis 5ecurily Instrumet�t.tf Borrower fails to pay these sums prinr to the exniratinn of this peri�ni,'I,en�tcr m�y inv�ke;��y ;
<br /> , rerreedies permitted by this Security.instrument without 1'urther rtotice or demartd on Hnrrower. ' �
<br /> '. � � l8.Borrawer's lRight to Reiestate. t��crrower meets certain cnndi�im�s.Bcsrrower sh��Ft have the right to hace �
<br /> ettforeement of'this Se�:�riry lnstrument discc�a�;.::=:::d at uny time prior to the earlier nf:(a)S day s�'cr such ather period as � �``
<br /> applieable law may s�cify far reinstatement)�e`'�:�sale of zhe Pr�perly pursuant to�,ny puwer of sale contained in this '
<br /> ' � 5ecusity 5astrumet�t;aF(b)entry of a}udgmer.:er.rorc:r.g thts Security tnstrument.7'hdse conditiUns are that Barrou•e3:
<br /> (a)pays�;�der a11 s�:ns which then would be 8ue undcs'?i;:s Seetsrity lnstrument and the Nmte.had no axelctatic� �
<br /> orrurred; (b)cerres any defauit of any other rovenants or dgreements.(r)pt�ys all expenses mcuned in enforcing this cp
<br /> Security lnstrument.ittcluding,but nat li���b,re�sonabte attameys:fees;and(d)takes such acti�jn as Lendct may' >; rp
<br /> reasonably requirc to assure that the lien of•this 5ecurity Instrnment,lxnder�S !1g}itS III thc PTripf;ftY:111(� HttTt4WC�5 r�
<br /> obligutinn tU pay the sums secured by this Security InsErument shaU cnntinue unrhangcd. Upon reinstatecnent by F� �
<br /> ...... . . gnnower,thisSecurity Insttument and ihe obligalionssecured�hereby sh�ll vemain fully effECtive;�s if aE�accelcratia��ha�i �
<br />, ocrurred.Nowever,this right to reinstate sh�fl not appiy iri the case of�ccclerati��n under paragrunits 1?1 or 17.
<br />. ' . ' . �
<br /> .�ar.ry�.fia�...�.r.�� i'F S'i l�'�!".•,.' ':' '.
<br /> 1 =. :1, x _?.._D.:a. �s..�G.a..t:'_�...''_' .. . . - , � � ..N. . r r� t ��.3� l;f b _ �. —
<br /> •at1 . ;�.• � ,��'��, a�1�a�: u• �.r.�. . :1�•1 . , •' - • �'.� ..5'=�.i. i < < � --
<br /> • ... , , ..
<br /> .�
<br /> . , .
<br /> .
<br /> _:: r.:_ ... ,:,; .. s.. .. , , . , � 'x'
<br /> .
<br /> . .
<br /> . tr —.- ���. �- . .
<br /> . . .
<br /> '��.. . .,' ,?..• ., . r., - _ .. •. ' ' . ' '.� _ .�. �i.--
<br /> ' . _� �-;�___ ___ . _ ��- . . ., - .'_ _ _ - . -: __ —_ - __- __. '__ ..e- . �_ __ __ ..
<br /> .
<br /> "� t - � � .. . ^� � .
<br /> , . �; . '• . .... . . � .. .r. . � . . . . �. . . .. -. ' . . .. . , ..t'
<br />
|