|
.-:i:;!•`.:�:.,�i• � • - � :SSr��:� ~'°ar�'' .`�t(�ii�'tifa�l%F'�c��71�;'�. P�il�`�:`(t1 t7:' "1[;.-�-.. ,.. r. ' . .. ,o: � r..
<br /> . i ��. �.;,,' p; � :.._ _i�.' :,; .n, x,�L.
<br /> ... � .. • �-srim�r� }�:� �l,�;v.. itt.� i�•. .. .. .. ` • .r. .: . •�. .�.._:.�'.S[ e.
<br /> � . . . . , '.Y�t�iYY��� 4..,,' • �'� .. .a rn�tlY��11/«t�M�Y`>'YMA�w�f� . - ..tiy...
<br /> � , .�tk'rwi� 1� ��. . .t5i
<br /> ' v.. ._. �� + �w "� �s
<br /> - � " _ -.':��::':t�h: .. . '_._
<br /> .1G-
<br /> � . • � � � i ....�._��y..__ _ ,.W
<br /> . J �
<br /> �
<br /> .
<br /> � .
<br />.. ._ '^__.'_�._�._ . . ..
<br /> � �1 . 1 * �w..._�. -�u...r-ru.n ..���.—_.
<br /> � .��.��ri �%`ii�T�n..._..
<br /> :�:,,��. } �`, 91-- 100135 ��=��=�.
<br /> • ` '�'K�o '. li Lender raquircd mortgige insurance u�condition of mpicing the lan�ecured by this Secu�ity Imtrument,
<br /> Borrower shdl pay the pratniums required to rtuinWn tlu iruurnnce in elFect until:ueh time as the requi�ement for the
<br /> . : �ti;�:'':���' �r�=�'`�'°`�.
<br /> insunnce terminata in�ccordence wlth Borrower's ued I.ender'i written�greement or applicable law. '�"'�'*"�'
<br /> u
<br /> -- � :�,. �•.:. '�. . 8. T�upecdoa. l.ender or ita agent may make raeon�ble entriea upon And iospections of the Properiy.l.ender ..::,,;;,�,�.,�T,�;•.=:
<br /> ° tiull�ive Bortower notice at the time of or prio�to an inspection specifyin�reasonsibk cause for the inspection• -;i'' .•' ..• .,•
<br /> , u� ° 9, Co�deauuNoa. The proceed:of any award or claim for dama�es.direct or ccMSequentia0.in connection with .. . - • . 'y'�^�
<br /> s ..•na.M.a::�i:�:.i�
<br /> • � My condernn�tion or other wking of any part of tho Property,or i'or oonveY+u�ce�n lieu of cwKkmn�tiou,are hercby • .
<br /> . , • ,.,y.,� " , , a4cigned�nd shall be paid to Lender. ;
<br />� • , .,��'� _ In the event of a total talcing of the Propeny,the proeads shall b2 appfied to the sums secured by tfias Secs+rity .. _
<br /> Instrument.whether or not then due,with s�ny excess�aid to 8orrower.ln the event of a partial taking of the�roperty, �
<br /> ' � � unless 8orrower and Lender otherwise agrce in writin�, the sums secured by this Se�urity I�stroment shall be reduced by .
<br /> �. the amount of the proccods multiplied by the following-fr�ction:(A)the totel amount of the sums secured immediately � �
<br /> ' before[he taking.divided by(b)the fair market value of tirc Property immediately beforc the taking.Any balana shall be ,� �;�`'• :•'��•� ,' '.�.�
<br /> . . •� i:;'�S� :.:. '•,. ,,.�.;
<br /> - paid to Borrower. �+-.
<br /> lithe Property's abendoned by Borrower,ar if,aiter notice by Le�der to Horrower that the condemnor offera to
<br /> make an nward or settlea claim for damages,Harroaer PAils to respond to Lender within 30 days after the date the natice is � �'` • � � ''
<br /> • Riven,Lender is authorized to collect and a�ply the proceeds,at its option,eithu to ratoration or repair of the Property or • '"�r;�`
<br /> �``��' t�thx aumr secured by tbis Security instrum�nt,whather or not then due. `;'�^��
<br /> �'���'����� � Unl�ss Lender and Borrower otherwise agree in wri�in$,nny application of Froceeds to principal shall not extend or H..J.,
<br /> ;....... .
<br /> � • i:�:ii�,�`.`';i�'r���'� st ne thzdu�da�r oithc monthl m�nts rofcned toin ara ra hs 1 and 2 or chan e the amou�t of such a ments. • �
<br /> po po Y PeY P 8 P B F Y
<br />' �!•t•:• •��t� ' 10. Earrower Nut Released; FarbesrAnce �y Lerider Not r Waiver. Extension of thc time for payment or � .,
<br /> r,.' ' �.' ,;;''',',.�{..:;,;'•�.; ' _ ,
<br /> . , ,,,�,.�, madi6eation of amorti�ation of the sums seeured by this 5ecurity Inatrument granted by l.ender to a�y succasor in �i�.
<br />. �i� •t;(/;'y
<br /> ''•��. � •'" interest of Borrower shaU not operate to release the liability of the original Borrowtr or Bottower's successors in interest. '�„�.�,'; ,i• , ,��
<br /> �•�'� .�� � ��'���:. Lender shall nat be rcquired to commence proceedings againat any succcssor in interest or rcfus� to extand timr for 4� .:��..,. �. ';'��:;'�'
<br /> ,,.. ,, ..
<br /> ' '� paymeM or ath�rwise modiPy amortization of the sums secured by this Snurity Inatrument by reasan of any demand made ;�"`i�-� ',r'�;'.%.�'
<br /> '�' � � ' ;�•'��'� by the original Borrower or Borrower's successas s in interest. Any forbearaace by Lender in exercisin�any right or remedy *��-' �`� '}r+�'�"
<br /> � ��'� '�'• '.��a sfiall notbe awaiverof or preclude the exercise of any right or remedy. ��� •. ��'� l
<br /> ,.. .
<br /> � ' +...Yl: '.i .
<br /> . ' �`� ';`� � `` 11. Successors and Assi�ns Bound;Jaint�d Several Wrbildty;Co-signers. Thr cavenants and agreements of ,.!•. •.,�:�i;;�,�
<br /> � �� ' � ' this Security Instrumem shall bind and benefit the successors and assigns of'Lender and Hanower,subjecl to thc provisions �•-�+�
<br /> '. -'"�'";Ir.���. of paragraph 17.Horrower`s covenants and agreemenis shaii h�c j�ia�t�nd stvaaa3.Any Barr:.wtr w�ho c�si�s t:::s Sr:s::t� - . ' °
<br /> � Instrument but does not execute the fVote:(a)is co-signing Qhis Security lnstrument on0y an martgage,grant and convey '����•� �•�
<br /> that Borrower's interest in the Property under the terms of this Security Instrumer.t;(b)is not personally obligated to pay
<br /> ' '. � the sums secured by this Security Instrument;and(c)agrees that Lender nnd any other Borrower may ag�ee to extend,
<br /> '' . modify,forbar or make any�ccommodations with regard to�he terms of this Security Instrument or the Note without . . �
<br /> � that Borruwer s consenl. , .. .
<br /> 12. I.oa�Chw�. If the loan secured by this Secun�y[nstrument is subject to a Isw which sets maximum loan
<br /> chnrges,und�hnt law is Bnally interp:eted so that �he interest or other loan churges collected or �o be collec�ed in f
<br /> �' connection wi�h the luan eacred the permitted limits. then: (a) any such loan charge shall be reduced by �he amounl ,
<br /> nceessary to reduce thecharge to the permitted limit:and(b)eny sums ulready collected from Borrower which exceeded �
<br /> permitttd limits will be refunded to Borrower. Lender mey choose to muke thix rePund by reducing the principAl owed
<br /> under the Nae or hy rn�king a direc�pAyment to Bbrrower.[f'a refund reducec principal,the reducnon wdl be treated as s
<br /> panial prcpayment w�thout any prcpayment chargc under the Note.
<br /> i ,' , � 13. I.egislAtton ARecting I.ender's Rights. If ennctment or expiration of npplicnble laws hus �he eflec� of �
<br /> rendering pny provisionof the Note or thic Secunty Instrument unenforceable according ro its lerms,Lender,At i�s option, '
<br /> may requi�t immediate payment in full of all +ums secured by this 5ecunty Ins�rumenl and muy invoke any remedics
<br /> •� permitted by paragruph I 9.If Lender rxercises this option,Lender shall tuke the sleps speciRed in the second paragruph of '
<br /> ' , . ' paragraph 17.
<br /> . 14. Notices. Any nutice to Borrower provided for in�his Security Instrument shull be givcn by delivcring il or by
<br /> mailing it by firsi class mad unlesy applicable luw requires use of unnther method. The n��tice�hall be directed to the
<br /> . , proper�y Address or any other address Borrower designate:s by nolice to Lender.Any notice to Lender shall be given by • ,
<br /> � firs�class mail to Lender's address stated herein or any other address Lender decignotes by notice to Borrower.Any notice � �
<br /> ' ' provided forin this Security Instrument shall be deemed to have been given to&irrower��r Lender when given as provided �
<br /> ' ia this paragraph. ,
<br /> , 1S. Coverning Law;SeverabUity. This Security Intitrument�hull he gavrrned by federal law ond�he law of the
<br /> �, jurisdic�ion in which the Property is located. In the event�hvt any provixion or clnuse��f�his Security Im�rumen�or the
<br /> , , ' �� Note conflicls wilh applicable law,such canflict�hall not affect o�her pro�•i.ions uf this Securiry Instrumen�or the Note
<br /> • • which can begi�en efTect wi�hout the conflicting pruvi�ion.To this end the��r��vi�ionx of this Securily Instrument and the
<br /> • �"'+•;; Votearedeclaredtoheseverable. I
<br /> 16. Borrower'sCopy. Borrower shall be gi��en une conformcJ ropy of Ihr hotr and of�his 5er.uniy Instrument. ,
<br /> . 17. Transfer af the Property or a Beneflcial Interest in Bnrrower. If all�ir�ny ps�rt uf the Property�or uny
<br /> an�erest in it is sold or transferred(or if a beneticial imcretit m Bnrrowcr i„old ur tran.ferrcd and Borrower ia not a nalural �
<br /> per�on)w�tMwt Lender'ti prior wriltrn rnntient, Lender may,a� it�npnun.rcyuire�mmrdiatc payment�n full of al)wm�
<br /> � , secured by Ihis Securily In+trument. How•e�•er, Ihis aphun shull nol Me�ne�ci�eJ hy LenJer if exerrise is prohibitrd by
<br /> federal law asof thcdatc c�f this Scwurity Instrument.
<br /> If L.end�rr rx�rcueti thi.c�puon.Lender shall gi��e Hurraurr nuucc��f a�cclerauan.The n<itice�hall provide a�ncxl
<br /> �� �� ai not lesti than 30 day�Gom the dute the nuure is deli�ered��r mailrJ u•�1hui�►hicl►Nurrower mu��pay all•.um��ccured by
<br /> " re,��Cvrnritc In.trumant. If Hnrrnu•rr fadc lii nav theu tiumti pnol'Ici Ihe c�n�rauun of�hi,�xn�til.Lender may mvnkr any
<br /> - remedie��rmaeted by th�ti Secunty ln�t�umenl w•rthi�ut funh er n��tire ur drmanJ un llurr��aer _
<br /> _ � •� � 18. 6or�ower'�Right to Reies7�le. If Borrowrr meett ccrtain c�md�u�m.. Horn,wrr.!�a:(have the nght to hovr
<br /> • tniarcem�rm a`t!�is Seeut�ty lnstrumen:d��:anunued at any� nmr pnur tu the rarlier of �.y`�::�:�� ••r,�ch othrr�r:nixf a.
<br /> aTp3tcablr law ����.�xt;•�; ,°ac retn+talemcn'�t+ef:•r:,�:e i�f the F'rc�perty p�a-�c..•-- 'n ac.c r�.:.►,r �?salt���nra�ned in thiti
<br /> Sec�rity I�.�rumer,t. -r r h�ir.rr}uf u�::�'g�:rr.t enfnrring�i�i,Srcunty 1�.,*-�;r;_ni '?�4:���c;,�t�d�tr.m arr ckar H.rrm�er.
<br /> . 7aP �Tays Ler,�e- a;l tiums Whi.h the�. aou�� t�r due und:r th:� Se.:.r�e; tr�,���rne^� ar.•d r":; \,r� had m� a�telereh��n
<br /> � occurred. i`�c�•�n any default of�r.; other c��tens�r,ts ot agre��:.r.�� ��� ^ap. u:: tx�r.�.:••• :�;urred �n er.f�xc�n�t rh�,
<br /> . ' Se;unt}d,�s.r;;r.tent. mcludmg.b�ce r.c� lim>>mst �W. r:s►.M^*.a�te acr��rnry�,'f:e, and f�)taGcw.,.:n a�u�,r� a. Lend�r ms;
<br /> ' � reawnabj s recy�ue w�ssure th�� the 1:e^ nf eT,>>3t.�rn:} i nstrar..err, 7_�tr.�e�'s r�{��ts in the Properry and Ir3�rrower's
<br /> oblcp�teon to pay thzti�ctr�s tiecuved by� :nie Ser4rey 7n.trument shail ce:e,r �.ur ::nchan��d �.p��n r��n,rstemen� by
<br /> � Borre�a�er. rhis Ssrurct;Onti�rumene arr�t�hm obligations seeured herchy�ha[l rema�r fully effect►oe a,�P no a�t�leratwn had
<br /> , occurred 6lnwever,thn nght to teiaseaer sB�al)not apply in ihecase of accelerauon under paragraphs 13 or 17„ , ,
<br />
|