|
r
<br />- M,
<br />J�
<br />f`
<br />104223
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with I3errower's and Lender's written agreement or applicable law.
<br />a. Irslectioa. Lender er its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor prior to tin inspection specifying reasonable cause for the inspection.
<br />9." Condeention. The proceeds of any award or claim for damages. direct or consequential, in connection with
<br />any condemnation or other taking of any part of IN.- Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to lender.
<br />In. t_he event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />wrP.. & -rower and Lender otherwise agree in w6titsg, the sums secured by this Security Instrument shall be reduced by ,
<br />0& airtoaft of the. proceeds multiplied by the felkvii%ng fraction: (a) the total amount of the sums secured immediately
<br />N ote the tafsirg, divided by (b) the fair.ina >ket va!txe of the Property immediately before the taking. Any balance shall be
<br />laid to Bi rrtrtvPr.
<br />If the Ftaperty is abandoned itlt.t cTrrc*wer, or if, after notice by Lender re Borrower that the condemnornffer- to
<br />.:ntAC..j4 atrpt3Qrsettleachui' for damages, Ellma, uter fails to respond toLeoda- within?00 days after the date tit +:ffeticeis'
<br />gi eir, LJegidaris tluthotitewt till collect and a rLv Put F*rmceds, at its option, eit'ier to restoration or cp*r d'the Fret .rr
<br />cistJte�uir:bt ur fbytthisSecurityI nwament,- iteihcrornotthendue.
<br />Unfit Lender and Borrower otherRit a 4,-= in writing, any application of proceeds to principial shall not extend or
<br />postpone the doe date of the monthly payment %r.e rcd to in paragraphs 1 and 2 or change the amount of such payments.
<br />,
<br />10. Borrower Not Released; Forbawee BY Lender Not a Waiver. Extension of the tune 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 t*` release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in intenesi or refuse to extend time for
<br />payment or otherwise modify amortizAtkm of the sums secured by this Security Inst rumentt by reason of any demand made
<br />by the original Borrotwreror Borrowe7Yr ,,ccessors in interest. Any forbearance by Lender in exercising any right or remedy
<br />slttlilJ not be a waiver of of pmrludt t,krimercise of any right or remedy.
<br />li. Swcessom od Aisognat Be id; Joint and Several Liability; Cu- signers. The covenants and agreements of
<br />t.h.- ocuntylm,trumentshallbindandbcmefit the successors a- aisigns of Lender and Borrower, subject to the provisions
<br />of paragraplI:A Borrower's covenants and agreements shall beio.-at and several. Any Borrower who co -signs thisseoWtity
<br />Instrument but does not execute the Note: (a) is c i�- %igning this 55',rcurity Instrument only to mortgage. grant and Convey
<br />that Borrower's interest in the Property under the ;its of this Securit • Instrument. (h) is not
<br />pe y y personally obligated to pay
<br />... '
<br />the sums secured by Ihis Security Instrument; zi4l ic) agrees that Lender and any other Borrower may agree to extend,
<br />'
<br />modify, forbear or make any accommodations wlrh regard tot the terms of this Security Instrument or the Note wsthout
<br />that Borrower's consent.
<br />12. bolo Cl WWS. If the 10311 seeured'J` .this Security In.trurtivni is subject to a law which sets maximum LiYAn
<br />"
<br />.:Barges. and that law is finally interpreted so Jiiit )'he Interest or otl=- Ima-i charges collected or to be collected'. ri .
<br />connection with the loan exceed the permitted blot ft, then (a) any sil—A to ion charge shall be reduced by the arre;z �r
<br />necessary to lieduce the charge tit the permitted litil :, and (h) a't! sums a'ifzavl collected from Borrower which cuvulcded
<br />permitted bmits will be refunded to Borrower. lender may :J;iu,tse to mace :his refiaul Ivy reducing the princirt). owed
<br />under the Noteor by making a direct payment to Borrower. if z:SKund red:vatzs principae, t:(ae reduction will be tremc-d as a
<br />partial prepayment without any prepayment charge: Oider the Note.
<br />13. Lel(isfation Affecting L.enderN Rigttx If enactment or expiration of applicable laws has the effect of
<br />,rendering any provision of the Note of 11w% Sccurlty lustruntent unenforceable according to its terms. lender, at its option.
<br />may require immediate payment in full of all Burns secured by thi. Security Instrument and may invoke any remedies
<br />permitted by paragraph iQ. If Lender exercises thi. option. Lender shall take the steps specified to the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice nil Borrower provided far in this Secura) instrument shall fie given by delivering it or by
<br />matting it by first class mad unless arvhcable law requires uw of another method 'I he notice shall Ile directed to the
<br />'
<br />Property A Ah -m4* or any other addrt .m., Borrower designates h v nottce to Lender. Any notice to Lender shall tic g:ven by
<br />first class mail-to Lender's address st., W1 herein or any other dd,';ress Lender designates by uoticeto Borrower. My notice
<br />prnvided for in this Security f ntst viii -tent .hall he deenned to has c been given to Borrower or l.cnder when given as provided
<br />rn 011-i paragraph.
<br />1S. Governing Law; Severability. Ibis Security lostrument sha:1 he governed by federal l:aw ", and the law of the
<br />1�s ,Mlctivn in which the Pruperty iy lm;31ed. It. the event that any pri►vision or clause of this Security Instrument or the
<br />1Vo�!e conflt as with applicable law, such conflict shall not afl'ect tither provisions of thn `imurity Instruntent inr the :Vote
<br />which can he given effect without the conflicting provision Ili, Ihis end the provisions rfthi, Securil � instrument and the
<br />Beet care declared to be sincrable
<br />16, Borrower's (soy. Iltmower shall be given one conformed copy of the Note and of Ihis.'iei:nrtty Instrument
<br />1 7. Transfer of the Property or a Beneficial interest. In Borrower. If all or any past of the Property or any
<br />interro in it• iw sold or transferred (or if a beneficta) mtcrest to MIr(uwer li srlld ter transferred and Ofirrower I% ton a naturd
<br />pervo) without Lender's pnor wetter, consent. Lender play, at Its optton. rcyutre itnmedcrte ra)tncrlt ili full of alt sums
<br />soured by this Security Instrument. however. this option shall ntit he cxerciscd h) i.cnder if citeruse is prohibited by
<br />federal law tic of the date of this Security Instrument
<br />if 1.ettderexerose% 1111 - optton, I Crider shall gne llorrouer nnttieof a(.celeratiolr The ntitice Jhall protule a period
<br />, -- -
<br />otnut tots than 3004 % from the date the entice t%dehvercd of rn;ufed within whit. h harrower roust p :iy all runts secured by
<br />Ili►. secuttty Instruntent If 1orrower failt, to pay these %nuts prior to Itic expiration of thw perll+i). f ender may invoke ;my
<br />remedim permuted hll Ihir Set_uritL In%trtinirti! withtuut foreheF nt tice Csrdern -mid n Ihmar% +t%ef.
<br />18. Berrowetr's Rlgbt to Reinstate. If 11'errower meet% cert.tin cotnlitf +In-. Borrower shall franc file right Ii, fine
<br />+
<br />enfnrcernen! 41his 5ecutity imirumew dis-zontinu.d at any tirne prior to the earlier of (a) c dayslor such other ltcri-4 as
<br />a1y111f able law mu apc%afy flit relnstrtement) hefore S.11c (If file Prl+pc'rt) pursuant to any pt,wcr 4 Tale contained in thr.
<br />Sesanty In %trumeltt, tit (b)eofry of a )uctgtnew enft;rcmg this. Sccurlty instrument "those tttitfitwtis are -fish Kirrower
<br />oat t1m,% Lender all .urns which then would he die tit-der thls Security tr•'Ifunicnt :sod the NO-,. 11.14 11.1 o'keler,!irt n
<br />oi:curlcd: Oil iurei. aft; ifefJtill t•f ally tf :ter o-.cnant,* or agfeentt'rII %. h i rm,4 - alt,ruin%€•% mortrit Its cnfint mg. this
<br />i•.
<br />'CLUIIN I9;tr.Jlr!£nt, M; 111tilfig, but m•t llivutcd tl-, reasatiablr al tttiJriCiti (eC %, allt.t 01 Oki % Sthh ,ttllrll A` I t IittCl •h114
<br />tea °.:t't t)t;y retlutIt It, A'Ve that the lien .rl this Security inmrumenr I entler'•. figill, tit M .tit d lumi'-Aer',
<br />�!E
<br />t'ftlla'ltte!tf ice t1Jt fad tLlttiS ::i nTClt h•,; rho tiP.urlty lia;trtinictit sliali G.!'ilfttiue Uti Olatigrit t l'r ill fClf,Sf.ii "Il;l'U' Ill
<br />�. '
<br />flF'JrS +w:l. tflic St,�lfit }i lfi'+1l41R.eli} stilt {t'Ie � tTlf B.nf i +)ills v4lll {itf I:ere t,. St;.1 {i r�{r.ilit tl�lls ftli'. ►I'•L•.t'• a Iii ";(i Ltl'i .!�: .s l; Jtt
<br />t't , tirrett itf,.A Cif /. Itil-•+ ll: hl In tEltl'.t�1tC Llfati Its •f .S1'r /: m I)iv -&W-' : ;r „(.1” vet ;l Li t'.1; t i•.it lr;- tt.l�� t ••
<br />
|