|
iF.nECORDM 90iQG3g
<br />).
<br />1) -' ��i•`1L7•,,
<br />{— __r•,_?� \rill
<br />f 1
<br />If lender required tttortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />:fit f
<br />1t TFrf.. 111f,�
<br />:'t! .L'� — .
<br />i TJ{ tl�: '.
<br />;.1
<br />i `t�_•�
<br />' ::t...':. \ 417 :'Jr�..
<br />'I`•
<br />+ l� i
<br />B '1-
<br />f
<br />\(
<br />)'1 E 1 t.
<br />? :
<br />,11 4
<br />�r'r
<br />9. Coadammial a. The proceeds of any award or claim for damages. direct or consequential, in connection with
<br />t
<br />P
<br />t� �f. 1� -e,1 ., "tin• n1 - ..
<br />.; 1 1! -• "! Jt J Y'
<br />.. .,' .t, .... - •/
<br />lnsurumenu whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property.
<br />in writing, the sus secured by this Security Instrument shall be reduced by
<br />unless Borrower and Lender otherwise agree tra
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the susses secured immediately
<br />before the taking. divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that ih. (=demnor offers to
<br />is
<br />" ?• ' °'
<br />,l
<br />snake an award or settle a claita for damages. Borrower fails to respond to Lender within 30 days >aft:cc s :sac estate the notice
<br />iF.nECORDM 90iQG3g
<br />�_ 10646 53-
<br />If lender required tttortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />„f�hT R•'
<br />Borrower shall pay the premiums required to maintain the insurance in elfect until such time as the requirement for the
<br />insurance terminates in accordance with Bormwer's and lender's written agreement or applicable law.
<br />L Iatfeetfeati . Lender ore% -arau may snake reasonable entries upon and inspections of the Property, Lender
<br />shall five Borrower natiee.at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadammial a. 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 the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />4
<br />lnsurumenu whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property.
<br />in writing, the sus secured by this Security Instrument shall be reduced by
<br />unless Borrower and Lender otherwise agree tra
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the susses secured immediately
<br />before the taking. divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that ih. (=demnor offers to
<br />is
<br />" ?• ' °'
<br />,l
<br />snake an award or settle a claita for damages. Borrower fails to respond to Lender within 30 days >aft:cc s :sac estate the notice
<br />given. Leader is authorized to collect and apply the proceeds, at its option, either to restordictr.lsr n- . of the Property or
<br />tothesurns secured by this Secunty Instrument, wlicitherornat, then due.
<br />Unless Lender and Botrow�motherwisc owe in writing. any application of praceedM In, MU Val al shall not extend or
<br />t ;' +i f. i :• '
<br />postpone the dine date of the trtont$Ly paytttatls Le-'arred to in paragraphs 1 and 2 or change of such payments.
<br />l
<br />M. Borrm Not )Related; Forbetrimm'$y Lender Not a Waiver. Extensitsx nl' ibn tr)a;m, for payment or
<br />a
<br />moditncsslt�n of amortization cf the sums sccu. 6 by this Security Instrument granted �_ Meta r tai any sucoessotr net
<br />intesest ecf Borrower shall not eperate to release, the liability of the original Borrower or 53=o;hce's swzmssors in drones..
<br />Lender shall not be required to �xsttttaence proceedings against any successor in interest: (or re4im w- extends nitre:16ii
<br />a;, ,• .
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument Lew rtca -con CITary denoatts ma ze
<br />;
<br />by the original Borrower or Borrower's succemirs in interest. Any forbearance by Lender in enemnisn$ zr-y night or remedy
<br />f
<br />shall not be a waiver of or preclude the exercise c fany right or remedy.
<br />11. Saecmws aW Attips Boaad, joint and Several Liability; Co-signers. The col-en:artt; =d agreena.sr is of
<br />!
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borro -a er, subject to the pravtsbons
<br />ofparagraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument 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 Property under the tetras of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend.
<br />modif3, 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. IA= Charles. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />s
<br />t
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />r
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Bvrrowcr which caccculed
<br />--
<br />'.
<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 payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />I& Iiesistatiw Affecting Leader's IiBiglits. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its option,
<br />;
<br />may rmquire immediate payment in full of all sums secured by this Security instrument and may invoke any remedies
<br />pemritmed by paragraph 19. If Lender exercises this option,. Lender shall take the steps specided in the second paragraph of
<br />paragraph 17. -
<br />14. Notices, Any notice to Borrouer pro-.-ided for in this Security Instrument sha1C be given by delivering it or by
<br />I
<br />mailing it by fir. c!= snail unlcss app'.;:. bk requires use of anot! --r rnethod. The notice shall be directed to the
<br />Property Address or any other address Ban mw designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated her&. or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instru —mimt shall be deemed to have been given to Borrower ur Lender when given as provided
<br />in this paragraph.
<br />15. GegeQaf %Lw: Sewaral5 fry. Th: &.Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in wi &b bite Propettt. cis Ha=ted. an, The event that any provision or clause of this Secu cy Lstrument or the
<br />Neese conflicts with applicable law, sacb ec mfficl. shall not affect other provisions of this Security lnsmam�nt or the Note
<br />w1d& can be given effect witkou2 iltc cc adicN,.rtg provision. To this end the provisions of this Security r=rutrtent: acrd the
<br />Note aie declared to be sevetabie.
<br />16. Bormwees Copy. Borrower shA be given one conformed copy of the taco: and of this Security Instrument.
<br />17. Translea of the Property or a '1Se+meficial interest in Borrower. if all ; ^s aby part of clue Property or any
<br />interest in it is sold ar transferred (or if a beredtvml interest in Borrower n �i ;.or tr"Aniec -Vred and Eorrewer is not a natural
<br />cress i,without Lender's prior,i6nuen consent. Lender may. at its option,,rr -mere iiee cndisre payment in full of all sums
<br />secure by this Security Instrumim.-r. However, this option shall not be erenased lay Lmder if exercise is prohibited by
<br />fetewd)aw• as of the slate of iihmSuzirity instrument.
<br />ECE trrd�cexerces� t : ti .Lender shall give Borrower notice c6 ce eler� LtT.e.ttQl•17:L shill. provide a period
<br />of gat Gros titan Tr days Gteama die-date the malice is delivered or mailed w ithm %11w:it a drrawe°r must: pty.-tt.il;.rurns secured by
<br />tbis Sec city Instkain eat. If Sdrra4ar fxE� i ogp:iy these sums prior to the expiration of this, rerii24, L_-mir_ -r may inx rake any
<br />rimsatics.permitted by this Secu try Dmiisamettt without further notice or demand on Barro%er..:
<br />L19. Borrower's Right io LTutlisrrsC�. ' If Borrower meets certain conditions, Bcrmw'er 1iaiL stave the riijiy ro have
<br />enforcement of this Security Lnstrun' its tilscarltinued at any time prior to the earlier of (a) 5 daps f flr such other period as
<br />applicable law may specify for reinstatent=tl= before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements: fc) pays all expenses incurred in enforcing this
<br />limited attorneys' fees. and (d) takes such action as Under may
<br />Security Instrument. including, but not to, reasonable
<br />reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However. this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.
<br />
|