|
� • , < < � � ,
<br /> � �-----�-- , <<, ` ,- � . ` ' � .- - - �
<br /> _ . _��. ._ . �._, . _ _ E ; �. . _ _ _ � � . � . � , - < � - .: . -
<br /> ` � . < ` OF� . ,
<br /> : , . ; . �-� .. . 90=,1{�328?� �
<br /> � � � � � 9�--� 1��}339� � � - � , � � � �
<br /> : r ' � ` �8 If�Ler�er rcqaired mortaa�e insurince a�a aondition of m�lciag che loa�r►secnred by:this Sau:ity insuutacnt, . . , .
<br /> . +�ef aball pty the prrmium:seqnirtd to maintaite the insut�nr,e in etfect until such teme as the requirpaeat for the
<br /> . i�urance tertr¢inates'in accordanoe xith Borrower's aed I,pyde�s�vritten agreement or applicable taaa` ` �
<br /> . ,� �. Isybctdo�.� L�ender or its s�rnt may matce rra�able entries�pon and inspections of tlue Praperty..7xnder . .
<br /> sh�ll pve Bortn+rer uotice u ihe tirae of ot prior to sn inspoctiop agecifyin8 rr�.sonabk cause for the inspection.
<br /> � ! CoNaMaHa�. T6e gro�xeQs of arty a�vard or claint for d�mage,c.tiirect or consequential.in cannxtian writh . � . - ,
<br /> . aaY c�a�danaava►at other takins of aay part of tbe Property.or for co�veyancx in lieu of+�udemr�s�tion.ue 6�enby �
<br /> � � a�ned�ad s1�a11 bc p�id ta I:eec�er. . , . , . _ . . , ;
<br /> In tUc tvenr of�total�isicing of t6e Property►the prmcadc shaU 1be apptied to the sums seciued by tAis.Security
<br /> � ,Irutrumait,Mhet6er or swt tLen duG�vitb anp excaa p�id to BQmower. In the event af a putisl talcinE of thc pmpdrey :
<br /> , , udlaa Horto�vec and Lender othetrvise sgsa ia Mritina.the sams socured by this Sea�rity Irutrument shall be reduced by .
<br /> sa�.
<br /> . � tbe aaaunt af the�proa+�eds muttipli�od by the followring'fraction:(a)the total amount of the swns aecurad immediatdy
<br /> . ' bd'pre tl�e tsiciZa.divided b�►(b)tLe fiir muicet vatxe of the�'ropercy immediately before the taking.My baluice sh:ll 6e �
<br /> to
<br /> , � If t�e Property is abaadaired by Borrower.or if.after notire by Lends�to Borrower thu the coademnor o6ers to �
<br /> . cqafce an aMard or settk s claim for dun:ges,8or��ra f��o r�spand to Lrnder witlun 30 days after the date the natice is � �
<br /> ', aiven,La�der is authorized to coUect and apply the praceeds,at its option,either to restoration or repair of the Property or
<br /> . � to tbe sums secured by tbis Sec�rrity Instnuaent,whether or not thea due. �
<br /> • unlas I.endsr and Bona�'tr oit►erwise agroe in writing,any application of�racuds to principal shall bot extend or
<br /> , postpone th4 dut date of the monthly psymcntc referrad to in paragraPhs D gnd 2 or cbange the azuoant of sueh payments. � .
<br /> � . 10 Bosmwer Not Reiea�; Forbeanace gy y,euder Not a Wainr. Excension of the time for psyment or �
<br /> , moditication of amoRiution of t�e sums se�ccured tsy tliis Security Instrument granted by Lender to any successor in �
<br /> � intenst of Borrowru shsll not operate to release tbe iiabiliry of the original_Borrower or Borrower's successors in interest.
<br /> Lender shall n�i 6e required w commence proceedings against any successor in interest or refus�e to eatend time for �
<br /> paymeat or otlier�vise modify amartizatian of the sums secured by this Secwity Insrrument by reason of any demand made
<br /> by the originat Borrower or Horro�re.�s succeswrs io isttaest.Any forbearance by Lender in eaercising any right�s remedy
<br /> sl�all aot`be a�vaiver of ar preclade the eaerciae of any right or atmedy. . � �
<br /> � ll. S�on a�A�ips Ba�d:iofat aeid S�eral ILb�lity;Casipers. 'I'he covenant�and agreements of � .
<br /> ; tHis Socurity Instrument shall bind and bene8t the succes�ors and assigns of Lmder and Bonower,suhject to the provisions
<br /> ; of pua�raph 17.Borrower's covenants and agroements shalJ be joint and several.Any Borrower who co-sigas this Securiry �a
<br /> �_ - Instrumenc but does not execute the Note:(a)is co�signing this Security Instrument only to mortgage,grant and convey � �
<br /> , that Borrower's interest in the Propercy under the tera�s of this Socurity Instrument;(b}�is not personally obligated to pay ' �
<br /> � the sums securod by this Security Instrumtent;and{c)agas that I.tnder and any other Borrower may agra to extend, �
<br /> , � caodify.forbeu ar malce sny aeeommodations with segard to the terms of this Security Instrument or the Note without ' -
<br /> _ � that 8orrower's consent.
<br /> ; _12. LoeA Chu�es If the!oan securcd by this Securty Instrum�ent is subject to a law which sets maximum loan � :��
<br /> charges,and thu lYw is finally interpretod so that the in�est or other loan chatges collected or to tie coP,Iected in • -
<br /> � connection witb the loan exceed the ptrmitted limits,ihen: (a)any such loan charge shall be reduced by the amount �
<br /> i aeoeasary to reduce the charge to the permitted limit;and @)any sums aiready collected Prom Borrower ahich eacaded � q
<br /> � penmitted timits will be refunded to Honower. Leader may choose to make this refund by reducing the principal owed � �
<br /> • under the Note or by making a direc3 paymcnt to Borrower.Ifa refund redaces principal,the reduction wiU be treated as a
<br /> � partial prepayment without any pre�aymcnt charge under tk=Note. _
<br /> ;• 13. LegWaqoK ARectt�g I,esder's Rights� If enaetment or eapiration of applicable laws has the effect.oP 5 �
<br /> ; sendering any provision of the Note or this Security lnstrument unenforceable according to its terms.Lender,at its option, �
<br /> msy reguire immedi�te paymcnt in full of all sums secure� by this Security lnstrument and may invoke any remedies
<br /> pe�mitted by psrsgraph 19.If Lendey exercises this opiion,fvxder shati take the steps s�ecified in the second pacagraph of
<br />. � . ParaBraPh 17. . .� ..
<br /> � 14 Nodca. Any nusice to Borrower provided for in this Security lnstrument shaq be given by delivering it or by ;'�� .
<br /> mailing it hy first class�t:ail unless applicable law requires use of anothes mcthod.The notice shall be directed to the
<br /> ; Property Address or arey other address Borrower designates by notice to Lender.Any notice to Lender shall be given by �
<br /> flrst clsss rnail to I.ender's address stated herein or any other address Lender designates by notice to Borrower.Any notice �
<br /> provided'for in this Stcurity Instrum�nt shall be damed to have been given to Borrower or Lender when given as provided
<br /> in this paragraph. _ . . ... ... ... ..._ . . ...
<br /> ls• G�tereing Iatri;Se�ersbiltty. This Security lnsirument sha!ir 6e governed by federal law and the law of the
<br /> jurisdiction in ahich the Property is located.In t�'he event that any provisian or clause of this Security Instrument or the
<br /> Note conflicts with applicable law.such conflict shall not affect other provisions of this Secufity lnstrument or the Note
<br /> which can be given effect without the conflicting ptovision.�m this end the provisions cr.fi�is Security Instrumeat and the
<br /> • Note are dectared to be sevcrable.
<br /> , 16:�Borrower's Capy. Bor�ower shall be given ane conformcd copy of'the Note and oP this 5ecurity lnstr�ment.
<br /> �7. Tnesler�t e$e proptsty or a &�eflcisl Intertaf in Borrower. Jf all or any part a�tt�e Praperty or any -
<br /> . interest in it is sold ar transfened(ar if a benefccial interest in Borrower is sold or transferred and Borrower is noa a natural
<br /> person)wi3hout Lender's prior written consent�Lender ma��,a�its option. require immediate payment in ful!o!'a]I sums �
<br /> secured by this 5ecurity Instrurrient. However, this optivn s�:a}I aot be exercised by t,ender if e�ercise is prohibited by �
<br /> • federaD law as of the date of this Security lnstrument. ► - - - -
<br /> � If'Lender exercius this+option.Lender shall gi�+e Bflrrower notice'of acaferation.The notize shall provide a period �
<br /> . of not less than 30 days from the date,the reotice is delivercd os mailed wit�a:�which Honower must pay a11 sum���re�by � i
<br /> - : this Se�urity Insfiumenf.lPHorrower fails to pay these sums prior to the expiration cf this period,Lender may ir.voke any � .�
<br /> , remedies permitted by this Security Instrument without furthet notice or derrrand on Borrower.
<br /> ' 18.Borrower's Right to Reinstate: lf Borrower meets certain conditinns,8orrower shall have the right ta have �
<br /> . enfarcement oFthis Security lnstrnment disconiinued at any time prior to the earli�r mf:(a)5 days(aJ§uch other periad as
<br /> Lapplicable law may specify for reinstatement)before sale of the Property pursuant to any power c�sale rontained in this
<br /> Security Insvument;ar,(b)ent'ry of a judgmrnt enfotcing this Security lnstr�ment. Those conditions are that Borrower: �
<br /> (a)pays Leader all sums which thet�wonld 6e dae under this Security lnsirument and the hote had no acceteration t�
<br /> , occurred;(b)cures any defaufit af any athet covenants or agreements;(c� pays ail eapenses incurred in enforcing this �
<br /> 5ecwity Jnstrurnent.including�6ut not lim�tea tv,reasonable attorneys'fees,and(d)takes suci��ction as Lender may , �'
<br /> reasonably require to assure that�the tien of this Secutity lnstrument. Lender's nghts in the Property and �orrower•s �. u
<br /> _ _obligatign.to pay. the.sums secured...by. tbis.Secudty..lnsttument.shaU continue unch�nged_ Upon seinstatement�by �- � --
<br /> � Borrower,this Security Insirument and the obligations secured hpreby shall remain fully effective as iP no acceleratian had
<br /> ocoutred.However.this right to reinstate shall not apply in the case of acceleration under paregraphs 13 or 17.
<br /> 1
<br /> ' . ' " �
<br />
|