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89106007
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Last modified
3/7/2012 4:01:37 PM
Creation date
10/20/2005 10:14:32 PM
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DEEDS
Inst Number
89106007
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-] � <br /> � � <br /> 89— lasoo�r <br /> r <br /> � ' li l.ender reyuired nwrtga�r insuri►nce u$a cQttdilipn uf n�aking the l�An tecured by this Scrurit� lmtrument, <br /> Horrower chall pay the premiums required to maintnin the i�su�nn.^�in etFect untit auch tim�As tht;requirement tur the <br /> insurancc tcrminates in accordance w•ith 8orroKer's and Lendei a Written:jkreement ar uppticabla iaw. <br /> 8. InapeetloA. Lender or its ngenl may makc rGa��mabto entries upon and inspectiont�of th� Prot+erty. Lendcr <br /> shall givr Barro�•e�notice at the time af ar ptior ta an insE�erti�n specifying reasonnblu cAUac Pnr tha inspectio��. <br /> 9. Condemn�tion. The praeeds of any a�card��claim fnr dumages,direct ar cansequ�ntial,in connectikm�vith <br /> an� cond�mnahon or o�her taking of an�� parr os�hc �roperry, or fi�r ronveyan4e in lieu c�f condemnutian, are hereby <br /> ' assigned and shall be pa�d to Lender. <br /> � (n the event of a total taking of the P�operty,.the�proceeds�hull be Ap�lied tu �hu sums se.:ured by this Serurity <br /> Instrument,whether ar not�hen due.Hith any excess paid ta Borrawer. ln tha evcnt of a pArtia)taking of the Pr��perty, <br /> � unitss Borrower and Lender otherwise agree in writing,th,sums secured by thiA Security In�trument shall be redured by <br /> the amount oP the p�ckceds multiplied b�the Pnllcn��inF fruction:(u}th�total :�maunt of thn�sum�secured immediuteiy <br /> � befare the tAkin�,di.�ided by�(b)the fair m;�rket value oP the Prapeny immediutely bcfore tha taking.�Any balance shall be <br /> � paid to Bornjw•er. <br /> � lf the Yroperty is ahandaaed hp Borrov►�er,or if,after nntice by l.ende�to Borr.�wer that the randemnar affers to <br /> makc an awarS or.riifr a�taiii�tui d�m�:�c:,}3arro�ti•er fails to r��nd to lx��cr with:n lOdays after the date the nrtice i. <br /> � gicen,Lender is authnrized to collcv:t and apply the proceeds,At its option,either to rc�ctoration or repair��1'the Aropert�•or <br /> tn the sums secured by this Srcuity Insuvmrnt.�vhethar or not then due. <br /> L,'nle�s Lender and Aarrow�er otherwise agrce in writing,any appliratirn af proreed�t�principal shall nc�t extend or <br /> �t}x►ne the due dAte ot�h�mnnthly payments referred to in pz+ragraphs 1 and�or change the amaunt af such payments. . <br /> l0. Batro�er :�ot I�elrased: Fo�besuAnce By Lender Not�a V1t�iver. 8xtension c�f the time for pa��ment or <br /> madificatinn of amt�rtization of the sums secured by thi� Securit�,� Instrument granted by Lrnder t� any� suc+.�s�r i� <br /> interest of BorroK�es shall n�•1 upe�ste tv release the liability of the origi�al Aorrawrr��r Borro��•er's�uccess�rs in interest. <br /> Lender shal! not he reyu�r��c3 to eotn*.;�enre praceedings againct any �uccrss�c in interest or refuse to extend time for <br /> payment or othervvise ma£z�'.amertization of the sums secured by this Securit�•Instrument by rrasan of an4 demand made <br /> b�the oRginal Bc�srower��Iiarrow es's�uceescor�in interest.Any fi�rbearance b}•l.ender in exercising an}•right or remed�� <br /> xball n�t be a a•ai��er oPc�r nracl�de the.erercise oPany right�r remedy. : <br /> � ll. �ucassors�nd AsstA�ts Noand;Joint and Severd LiabiUty;Co•signers. The r��•enantti and agreemc�tc of 3 <br /> this 5ecurit��Instrument shal►.bind and t�enefit the successors and assigns of Lender and Borrower,suhject to the provisions ;- <br /> of�iaragraph 17.Aorrower s covenants and agreements shall be jnint and srvrrab.Any Bormwer who cc�-ssgns�his Security ��'� <br /> Instrument but daes nat eaecute the Notc:(a)is co-signing this Sc�curity lnstrument only to mortgagr,grant and convey i�-� <br /> - That Horfva'er�sinterest in tne�rope�iy undcr firc icrma��i iiu��c�iiiitv =r�iiiuilciii:(�}i+�:.2�::.zn:::ly ots:tg:l�=::e M� <br /> the sums secured by thi.r Security� Instrument:and Ic)agrees that Lender and uny other Borrow•er ms}�agree ta extend. - <br /> � madify, forbear or make any�accommadations with regard to the tcrm�of thic Security Instrumrnt or the Note tivithout <br /> that Rorrower's consen�. " <br /> 12. l.onn Chs�rqes. If the loan secured by this Security In,trument iti subject to a la« u•hirh tiets maximum l��an <br /> charges. and that law is finally interpreted �o that the interest ar other loan charce� rulleried or to be collected in ' <br /> connertion with the loan exceed the permitted limits. then: (a)any such loan charge shall be reduced by the amaunt <br /> necc�ssary ro reduce the charge to the permitted limit;and(b)any sums alread��collertecl Fr�un Horruw�cr which exeeeded , <br /> permitted limits wil) be refunded to Borrower. Lender may choose to make Ehis refund b}• reducing the principal owed <br /> under the Note or by making a direct payment to Bonower. 1Pa refund reduces principal.�he reduction will l�e treated as a <br /> partial prcpayment with�u�any prepayment charge under the Note. <br /> 13. J.egislation Af3ectinR Lender's Rifthts. {f enactrrrent or expiration of applicable laws has the effeet of � <br /> rendering any provision of.the Note ar this Security Instrument unenforceable sccording to its term�,1_ender,at its option, � <br /> may require immediate pa�ment in full af All sums secured by this Securi[y [nstrument and may invoke any remedics � <br /> permitted by paragraph 19.!f f.ender exercices this opiion,Lxnder shal)take the steps cpecified in the second paragraph of n^^' <br /> . � . <br /> paragraph 17. - _ <br /> 14. Notiees. An}•notice to Horrower provided for in th�s Secunty Insrrument,hat!be given hy delivering it or by r: <br />
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