|
1 �
<br /> � . - �-.-,�--- - �
<br /> •--. ���
<br /> � �. � - . , � �:,.' = 90--1042�C�
<br /> If Lcnder required mottgage insursnct sis a condition of malcing the laan secured by this Security Instr�ment,
<br /> � Bocroutr shal!pay the premiums requlred to mxintain the insurance in elPect until such tir►�q as the requirement for tl�e
<br /> insunnce terminates in accordance with Borrower's and I.ander's written agrament or applicable Iaw.
<br /> � 8. Ia�pection. Lender or its agent may make re�sonable entries upon and�inspxtions of the Property.Ltnder
<br /> shall give Borrower notice at the time of or ptior to an inspectian spocifying rasonable causs far the inspcction.
<br /> j 9. Co�den�aatioa. The praceeds of any award or claim far damages,direct or cunsequential,in cannettion with
<br /> J any condemnation or other t�lcing of any part oP the Propeny� or for conveyance in lieu of condemnation, are hereby
<br /> � assigned�nd shall bt paid to Lender.
<br /> ; � Ia the cvent oP a total taking of thc Property,the proa;eds shaq be applied to the sums secured by this Security
<br /> . � Instrument,wheihcr or not then due,with any eacess paid to Borrower. Io the event of a partial taking of the Property,
<br /> � unl�Borrower and I.ender othcrwise agree in writing,the sums securcd by this Security lnstrument shall be reduceci by
<br /> � • the amount oP the proceeds multiplied by the following f'raction:(a)the total amaunt of the sums secured immediately
<br /> , � befon the taking.divided by(b)the fa�r market value of the Property immediately before the taking.Any balance shall be
<br /> q paid to Borrower.
<br /> ' If the Property is abandoned by Borrower,or if. after notice by Lender to Borrower that the condemnor offers to
<br /> ' � make An award or settle a claim for damages,Borrower fails to respond to Lender within 30 days after the date the notice is
<br /> o y...�t.r�iRr Ze n'�*�4!!�:'�23���lc.,-t and agply i:���,ra�.R,;;,;3i ii5 v�ii�fi,ciih2i iv icSi�i,3ituii vi icpali u�i�e rrupCrly or
<br /> , to the sums secured by this Security lnstrument,whether or not then due.
<br /> t Unless Lender and Bonower otherwise agree in writing,any application of proceeds to principa)shall not extend or
<br /> { postpone[he due date of the monthly payments refened to in paragraphs l and 2 or change the Amount of such payrnents.
<br /> � 10. Borrow�r Not Released; Forbeaance By Leede� Not a Wairer. Extension of the time for payment or
<br /> � modification of amortization of the sums secured by this�ecurity Instrument granted by Lender to any succes.sor in
<br /> s interest of Barrower shall not operate to release the liability of the original Horrower or Borrower's sLCCessors in interest.
<br /> Lendcr shall nat be required to commence proceedings against any successdr in inteFest or refuse io extend time for
<br /> � payment or otherwise modify amonization of the sums secured by this Security lnstrume�t by reasan of any deman�made
<br /> } by the origir.al Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any right or remedy � :'
<br /> , shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> ! ll. Srccessors and Assigns Hound;Joint and Several L'ubility;Co-signers, The covenants and agreements of � �
<br /> _ ; this Socurity lnstrument shall bind and benefit the successors and assigns of Lender and Horrower,subiect to the nrovisions �__ �'
<br /> ' af psragraph l7.Borrower's¢ovenants and agreements shall be joint and several.Any Honower wha casigns this Sccurity ' °�-&
<br /> ( Instrument bnt docs not execute the:�iote:(a)is co-signing this Security Instrnment ontc to martgage.grant and canvey �`�-
<br /> ; that Borrower's interest in the Property under the terms of this Security lnstrument;(b)is not personally obligated to pay ►�
<br /> : the sums secured by this Seeurity Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,
<br /> . modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br /> that Borrower's consent. ��
<br /> . 12. Loan C6uges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br /> ' charges, and that law is finally interpreted so that the interest or other loan charges coilected or ta be collected in
<br /> ; connection with the loan exceed the permitted limiu, then: (a) any such loan charge shall be reduced by tl:e amount
<br /> nceessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded
<br /> j permitted limits will be refunded to Bosrower. Lender may choose to make this refund by reducing the principal owed
<br /> ' under the I`ot�or by making a direct payment to Bbnower.If a refund reduces principal,th�reduction will be treated as a ,
<br /> � partial prepayment without any prepayment charge under the Note. '
<br /> • • 13. Legislation Af�ecting Lender's Rlghts. If enactment or expiration of applicable laws has the effect of
<br /> renderir,g any provision of the Note or this Security lnstrument unenforceable according to its terms,I.ender,at its option,
<br /> ' may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br /> permitted by paragraph l9. If Lender exercises t1�is optian.Lender shall take the steps specified in the second paragraph of ,��.
<br /> ParaBraPh 17. i:�,�F
<br /> ; 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br /> j mailing it by first class mail onless applicable law requires use of another method The notice shall be directed to the , � .
<br /> � Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by � "
<br /> : first class mail tu L.ender's address stated herein or any other address Lender designates ba notice to Borrower.Any notice ���
<br /> provided for in this Security Instrument shall be deemed to have been given to Borrower ar Lender when given as provided
<br /> in this paragraph.
<br /> � 15. Governing I.aw;Severability. This Security Instrument shall be governed by federal law and the law oi'the
<br /> jurisdiction in which the Propeny is located. ln the event that any provision or clause of this Secunty�Instrument or the
<br /> , Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note
<br /> whieh can be given effect without the eonflicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17, Transfer of the Property or s� Beneficial Interest in $orrower. If all or any part of the Yroperty or any
<br /> interest in it is sold or transferred(nr if a beneficial interest in Borrower is sold or transfe�red and Borrower is not a natural
<br /> person)without Lender's prior w�itten consent, Lender may. at its option, reyuire immediate payment in full of all sums
<br /> ;___-�;-_
<br /> secured by this Security Instrument. However, this option shall not be exercised by L�ender if exercise is prohibited by
<br /> federal law as of the date of this Security Instrument.
<br /> If Lender exercises this option,Lender shaU give Horrower noiice of acceleration.The notice sha1)provide a period �
<br /> of not less than 30 days from the date the notice is delivered or mailed wnhin which I3nrrower mu�t pay all sums Secured by
<br /> this Security Instrument. If$orsower fails to pay these st�ms prior to thc expiratiar�uf�his period.Lender may��voke any f �
<br /> remedies permitted by this 5ecurity Instrument without furthcr notice or dcmand on Borr�wer. �
<br /> 18.Borrower's Rigl�t to Reinstate. If Borrower meets certain conditions. Borrowcr tihall have Ihc rtght to heve �!
<br /> � enforcement of th�s Secunty]nstrument discontinucd at any time pnor to the earl�er of:(a)5 day�(or such other peric�d a�
<br /> applicable law may specify fnr reinstatement)bcfare sale of the Praperty purtivam tc�an�;powrr nf�ale amtained�n th�ti �
<br /> Secutiity In�trument; or(b)entry of a judgment enforcing this Secur:c}• In�trumeri,. 'Those cond�hrn�arc th<it lii�rr�wer '�..
<br /> (a) pays Lender all sum� whieh then would be due under this Security imtrument and thc tiotr had no arcrleran�m �
<br /> a^.curred; (b) cure5 any default of an other covenants or a�reemcnt,; {cl ��
<br /> Y �, pays aU rxn:•nu, incurrcJ m rnfi�rrm� th�ti
<br /> Security lnstrumrnt, mclutimg, but not lim�ted to, rcason:�ble attc�rncyti fecti; and �dl takc� �urh actum as l.endrr may ;,
<br /> reasonably reyu�re !o atisurc that the lien of thts Secunty lnstrument, Lender'� nght� �n the f'r��{�crty ��nd K��rr��krr'.
<br /> obhgaUOn te� pay t}�e tums stcured by th�ti Security Instrument �hall c<�ntmue �inchanF;ed 1'rnn r�•�ntitetemesit hy
<br /> E3orrawer,thiti Secunty Intitrument and the<�bl�gationssecured hercby tihall rernein tully rft�rctnr a,if n���i��rl�•r.�tu�i3 ha:i
<br /> occurrcd.Houevcr.this r�6ht to re�nstatc shall ni�t apply�n thc r.+tir�,f accrlrrt�hi�n��nd.•r r.u,i�r:�iJ�. I?�a I�
<br /> �
<br />
|