|
� � �_ _ _ 1�r�.. � ^iv rl�?G� ����W:�� �.Fa '� _��. a{4 . .o.-.�; ,'�iid . . --
<br /> .� ,-- �_ . t1.; - . . .. -��;__. �� _�. .����_,
<br /> w �....._. -.�..�...��_...-..—,....-.7�.. .-�... ...a�..•1� � - �,
<br /> .' - - .,�.,.�._...—._�..�._._o..:in�$'r�=caGr�.:�i'i t�'t= ___- ___ .iq.7— -"�... _— _ ,. -._'.
<br /> _..
<br /> t
<br /> !�I i���-� —°�'—�L_..:..:-.
<br />'i�:
<br />�
<br /> � �
<br /> f
<br /> � iu�3�"
<br /> 9Q.� �:
<br /> � IP Lender reyuired mortgAge insurance as a condition oP makin the loan sccured h �
<br /> ` 8 } �his Sccurity lnstrument,
<br /> � Barrawcr shall pay the premiums rcquircd to m��ntain the insuranse in effect untii such Iime as the requiremeot far the
<br /> � insunnce tarminata in��cardance with BorrowGr's and Lender's written agreement ar applic.�ble IaW.
<br /> � 8. taaMetia�, Lender or its agant msy makc reasonable emries upon and inspectlons af the Preperty. Lendcr
<br /> ; shall give Borrower notice at the time of or prior to an inspection speciPying reasc�nable cause for the inspectian.
<br /> � 9. Coedemaation. The proceeds of any award or claim for damAges,direct or consequential,in connection with
<br /> , any condemnation or ather taking of any part of the Property, or for conveyance in lieu of condemnation, ure hereby
<br /> assignod and shall be paid to Lender.
<br /> � In the event of a total taking oFthe P�operty. the proceeds shall be applied to the sums secured by this Secucity
<br /> � Instrument, whether or not then due. with any excess paid to Barrower. In the event of a partial taking of the Pcoperty.
<br /> I unlas Borrov►er and Lender otherwise agree in writing,the sums securcd by this Security Instrument shall bc reduced by �
<br /> � the amount qf the proceeds muitiplied by the following fraction:(a)the total amount of'the sums secured immediately
<br /> ; b�fore the taking,divided by(b)the fair market value of she Property immediately before the taking. Any balance shaU be
<br /> � paid to 8orroaer.
<br /> � If'the Property is abandoned by BoFrower,or if,after notice by Lender to Borrower that the condemnor oRers to
<br /> • + mAice an awud or settle a claim for damages.Bonower fails to respond to I.ender within 30 days after the datr the notice is
<br /> __ � given,Lender is autho�ized to collect and apply the proceeds at its optinn,either tn rrst�r�!lo••i•*Fs�;s s�f!hs p:o�:t3 ar
<br /> � ta the sums secured by this Security Instrument,whether or not then due.
<br /> i Unless Lender and Horrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> � pastpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount oisuch payments.
<br /> � 10. Bomowe� Not Released; Forbearnece Hy I.ender Not a Wxiver. Extensian af the time for payment or
<br /> modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> interest of Borrower shall not operate to rele�se the liability�f the original Hottower or Bonower's successors in interest.
<br /> � Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br /> _ payment or otherwise modify amonization of the sums secured by this Security Instrument by reason of any demansl made
<br /> by the original Borrower or Borrower's successors in interest.A�y forbearance by L.ender in exercising any right or remedy • �
<br /> shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> � ll. Successon and Aaslgn�Bound;Joint and Sereral Liability; Casigners. The covenants and agreements of �
<br /> � � this Security I�strument shall bind and benefit the saccessors and assigns of Lender and Borrower,subject to the provisions �
<br /> � of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security i _�
<br /> --_ � = T�'�T��i�s:�:�zC rn�:�ic inr i:oir:�aj is oo-signing tnis�acurity instrument only ta mortgage,grant and convey !_� -
<br /> j that Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay ' �
<br /> : the suens secured by lhis Security Instrument;and (c)agrees that I.ender and any other Borrower may agree to extend, �
<br /> � modify,forbear ar make any accommodations with regard to the terms of this Security lnstrument or the Note without
<br /> that Borcower's consent. i�
<br /> � 12. I.oan Charges. If the loan secured by this Secarity Instrument is subject to a law which sets maaimum loan
<br />, charges, and that law is finalIy interpreted so that the interest or other loan charges collected or to be collected in
<br /> connection with the loan exceod the permitted limits, then: (a)any such loan charge shall be reduced by the amount
<br /> i nxessary to reduce the charge to the permitted limit;and(b)any sums already collected from Horrower which ezceeded
<br /> permitted limits will be refunded to Borrower.Lender may choose to make this refund by reducing the principal owed
<br /> � under the Note or by making a direct paymtnt to�ortower.If a refund reduces principal,the reduction will be treated as a
<br /> • partial prepayment without any prepayment charge under the Note.
<br /> � � 13. I.egi,slation Attectiag Lender's Rights. If enactment or expiration of applicable laws has the eflect of
<br /> � rendering any provision of ihe 1\ote or this Secutity Instrument unenforceable according to its terms,Lender,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 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of
<br /> ; paragraph 17. ���
<br /> � 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by � �
<br /> , mailing�t by first class mail unless applicable law requires use of anather 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 to I.ender's address stated herein or any other address Lender designates by notice to Borrower.Any notiee
<br /> , , provided for in this Security Instrument shall be deemed to have been gocen t�Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> ; 15. Governing I.aw;Severability, This Security Instrument shall he gaa�erncd by federal law and the law of thc
<br /> jurisdiction in which the Property is to�:dte�i. In the event that any provision or eiause of this Security Instrument or the
<br /> : Note conflicts with applicable law,such conRict shall not affect othe:pravisions of this Security lnstrument or the Note
<br /> which can be given effect without the confticting provision. To this end the provisions of this Security lnstrument and the
<br /> ' Note are declared to be severable.
<br /> 16. $orrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transfer of the Property or a Beneficial Interest tn Borrower, If al) or any part of'the Propeny or any
<br /> interest in it is sold or transferred(or if a beneficial inierest in Borrower is solci or iransferred and Borrower is not a natural
<br /> person)without Lender's prior written consent,Lender may,at its antion, require immediate payment in fuU of all sums __ _ _ --
<br /> secured by this Security Instrument. Hawever, this option shaU 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 exereises this option,Lender shall Aive Borrower notice of acceleration.The notice shall provide a period '
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all eums secured by �
<br /> this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br /> remedies permitted by this Security Instrument without furiher notice or demand on Borrower.
<br /> 18. Burrower's Right to Reinsiate. If�iorrower meets certain conditions. Borrowcr shall have the right to have a
<br /> I enforcement of this Security Instrument discontinued at any time prior tn the earlier of:(a)5 days(or such other periad as �C
<br /> applicable law may specify for reinstatement)before sale of the Property purtivant to any power of cale contained in this d
<br /> Security lnstrument: ot(b)entry of a judgment enforcing this Security Instrument. Those conditions are that Borrowcr: t�
<br /> (a) �ays Lender ajl sums w•hich then would be due under thi� Security [nstrument and the Note Ptad no acccleration �[
<br /> occurred; (b) cures any default of any other covenants or a reements; (c) ��
<br /> � pays al) expemeti incurred in enforcing this
<br /> Security Instrument, including, but noi ;imited to, reasonable attorneys' feeti; and {d) taketi�uch acticm as I.ender may ;,
<br /> reasonably require to assure that the lien of this Security Instrument, Lender's nghts m thc Yr��perty and Barrc�wer's
<br /> oblibation to pay the sums secured by this Security Imtrument sh�711 c�ntinuc unchanged. 11pc+n reintt.�tement hy
<br /> Bon'ower, this Security Intitrument and the ohligatians seeured hereby�h�ill remxin fully effect�ce ati i(nc��ccelrraunn h;�d
<br /> �ccurred.However,this right to reinstate 5ha11 not apply in thc r�sr<�f accelerati�m under raragr�rhti 13 c�r ]7
<br /> �
<br />
|