|
� �
<br /> � L
<br /> J
<br /> �) . /1 .. :. - .. . .. ._...
<br /> �. .. 1
<br /> ' . .. .. . . . � .. - .... ..i):� .
<br /> n r��• �
<br /> � • . ���5.' . .. . . . . .. ' ... . .. .... ..._.
<br /> .. '_.._.1 -LSk :L..:.'""_—....._.."'_ ' ....�._. . . .. . .. .
<br /> .�
<br /> .. 9aaowor may ouro ouoh o delcSUh and relnatnta, no proNdDd In paraprnph t8, by cauning tl�o uctt�n o► prcaocd�rtg to bo
<br /> " dism194ad v�lth a ntling th4t,In LettderE3 pood fflRh dOtertnktatbn,ptQOludes toAeiture o}the Bottowere interest In tho PropL'rty Or y '
<br /> „ othnr mntort�l Unpalrmant ot the Inn Cr�Atod by this Soouriry Inotrumont or Lenda�a securtly htoreat. Hoaower ahaA also bo In �
<br /> , � datauft If BoROwer,durhg the lonn flpplbation proco9s,Qave materlatly fatso or inuco�raW IntormAtton ar pt6tarrtents to Lendcr(ar �
<br /> , ', talicd to provtd� lender wlih cny mutert�l tntormntton) in conncotton ��Ith tho lonn Gvidanced by tho Noto, Inotudlnp, but not
<br /> 1lmited Ro, represontflllona aonceming Bonoworo ocaupanay of lhe Ptoperty aa u prinetpnl residnnco. If thl9 Socurlty �
<br /> InatrurrtCnt Is on u laaoohold, 8onov�or ohail oompty with n0 tho provlstonp ot!ho te�co. If BoRO�vcr noqu4os fao tltlo to tho �
<br /> � PropeRy,the tesoehoid and the too tkle ahail not mor�o unteao Lc�ndet agrao3 to tho mergar ln�vriilrtg. �r►
<br /> 7. Proteatlan ot Lende�'a Righte in the R�ropo�Ey. ��eorrower rnirs to pedorm the covonanta and ngreemonte � '�'�
<br /> �� conWlnCd In tht� S�aurity inotrum�t, vr thCrc� !s n tsQ�l proco�dinfl that m�y �IgM(icantty alf�ot Londc�s r�qhte tn lho Propcfty � �'
<br /> (aueh as a procaedirtp In bankruptoy,probute,for condemnat�n or to�fe{ture ot to onforce Iewc►or rogulat►ona),thc�ri Lendor mey '
<br /> � " do and puy for whntsvef Is nece3sery to protaot tho vallo ol thm Property and Lundcer'o ri�hte h tho Property. Lende�a aotiona
<br /> � ":� ,. mny InaNd�! psylnp nny suma Gooured by tt lion whloh hfla prioriry ovar this 3c�curity tnaGumont, aApoaring 1n cou�f, paying ,,
<br /> �~"`'M' reaaonabb attomey�s'tess and entedn8 on tho PropEriy to mnlco ro�alre. Atthough Londor may tulco¢otEan undor thlo paragreph _�_."�'
<br /> 4�. __-_.
<br /> 7,Lender doos not havo to do so. w '
<br /> My nmounts disburaod by Lendar undcr pamgr�ph 9 sh�ll tr�ome addittonal deDt ol Borroarer secumd by thb Securtiy �`;,:.
<br /> (j tnstrumsnt. Unb:,a Bonouor and Lender agrse to athe► tttrm9 of paymant, thoso amounta ahnil boar �nt�est hom lho dnta ot �-•�•
<br /> .; disbursemunt at the Note rota and ahall be payabls.wtth Intr,�est,upon noticu hom Lender to Boaower requestY�g payment. _
<br /> 4 8. Mortga�e Inaur�nee. If Lender �u'.red mortgngo tnsuranco us o condEbn ot makirtg tAo ban oocured by thts g.._
<br /> . t Secunty InBW�nt�nt,Borrower shall pay tho premtums requkrt0 to mahtan tho mortgago hcumnco In otfeot.It,tor any musoa,the
<br /> � • .:r `� �: mortgap Insurence coverege requdred by Lender tapsos or ceasos to be In sfteot,Bortower shaU pay tRe premtums requted to g�
<br /> obCatn coverege substanttatly aqutvalent ro the moRgnge tnsurenco prevtousy h siteot,nt u cost substanttalry equNabnt to the l.._.
<br /> `, �� co&! to BoROwer of the rrtortpaQe hsurance pre�tousy t� eNeat, hom an attemate mortgage insumr appraved by Lortdor. It '�
<br /> � substenttary eq�k.atent mortgsge insuranco covere�o b not avaflabte,Borrow�shall pay to Lender eaoh month a sum equal to -
<br /> ' ortatvreiRh ot tha�naaAy mortQsgo hsurnnce pranun�6et�►8 pald by Bortower whsn tho tr�aurcnco eov�agci Lzps�!or ces5ed to _
<br />_ " y�, be h�feo4 6ender wtq accept, uso nnd remin thase payments as u toss rosenre In Iteu ot mortgago In&umnce. loss resexve _.
<br /> t� p,q�rmonts may no tooper be requtred,at the epikn of Lendx,Ei enortgage hsuranoo coverape(h the amount end tor the pabad _
<br /> , � that lendsr r�putros)pravidod by an hsurer aFyrovad by t�n�nr agafn bocomos avauabb and ts obtntr►ad. Bcaowu ahau g�ay =._-
<br /> Me premiums requhod to maintatn monpa�e insurance b effoct,or to provfde a bss resorve, untl tho�aqu3rome�nt lor mortga90
<br /> insumnco ends h aeaordanco with unY w�ilten agRSOmtmt aFMroon BaROVror and Lender or epplicabb tuw.
<br /> �� n�. 9. Inspection.lender or ita egent muy rnalce roafsoncbb entries upon and bspeatlons of tho Propurty. CFmdaz shau gMo
<br /> � _"� 8orrower notice at the t4ne of or p�•bt to an InspoottGn sp2aryirt8 reasonabl9 cause for the Bspeotton.
<br /> .�,ti,;�} 10. Condcmnetion.The proceeds of any award or olalm for damapes,diroat or conseauanttnl,b conneotbn wkh i�rq
<br /> °�i�"' ' condemnatbn or othor taking of enY PeR of the Properiy. or tor conveyanco h Illeuu af eondomnatbn,aro h�eby aselIIned and
<br /> ;5„�;f s?
<br /> sha�ba paid to Lender.
<br /> • �� In tha event ot a total takin8 af the PropeAy, the procceda shaA be apptted to the sums sac�►�rod by lhis SeaurHy
<br /> Instrument,whelhv�ot not then due,wfth any Excess patd to Boaowar. In the ovent ot a paRial takhg of tRU Piropeity h whbh
<br />— ,�������t;��` ^ the talr merket value o!the Prope�ty irnmedlatery before tAe taktng is eQuat to or greater than tna amourri vi tna sums oa�vio�i °
<br /> �%t��;�t, by 1?�b 30curity Instrumont tnmadately be`ore tha tekinp,un8acss Borrowor end Lender mn�viise e({roe b w►itinp, tho cum8
<br /> ` s'j1''�'`t` '� ssc�rod by thls Securky Instrument shetl be reduced by the armaunt of the proeesds muhalb�by tho tolbwing heotbn: (p)4P,a
<br />� .��t;.y,.,,, -
<br /> .. • }��3=��h � total nmount of the sums eecured 6nmedi�tely batare th0 tekhg,dlvWed by(b)the f8Y madcet value of tho PropeAy Immed�t9y
<br /> �-�::•�,4,{� ' botore the talcirtg.My balartoo shaq be patd to Bomower. In tho evant of n partla�taking of the Proporty(n tixtJah the faY matket
<br /> ' t,tk;.; vatue ot the FropeAy IrnmodletelY betore tl►e takhg b Iass lhen tho amount of the 8uma seaurod immcitlfa'tm�be�Yore the takhg,
<br />�': ~',,�.7�•`;t• , urtless Botrower end Lsnder otherwtse agree h w�thg or unless applicahte taw otherw�� provtdes, Yr.o proceeds ahall be
<br />_-::�:,r;1fr'(f� o�plisd to the aums aecured by tAb Seeurfly Instrument wQ►ether or not the sums are then Qua
<br /> �:i'!;�n�� I}the Property is adandoned by Borro►ver,or B,after noti¢e by lendor to Borrowor th4t 97�e condumnor ofters to rrtake an
<br />���:>•��•r�•�,�wb award or settte u atetm for damsaos. Borrower t�ilts to rospond to Lsndor within 30 claya aiter tho date the �otice is pivan,
<br />_;-:'��'•' �-^b Lender ts nuthorinod to oo!leat snd appy the praeeeds. at Rs optfon, either to zs�stomtton or rspaY of the R;p�ly or to the
<br />-:�� � :?�. sums seeured by this Securlty Instrumeat,wM.YthaT ar not thu►due.
<br />��- '='� Unbsa Lendor and Borrower otherwiste apree h wdthD. any npplicatbn of proCOeAs t0 pdnolpat ehall not e�dend ar
<br /> �."...+es;�.�:1�
<br />-�.�_��.� pa3t7pnne the du0 dtte of tho monthy paym9nis reter►ed to b�anrQraphs i and 2 or char�go 4P+a arrtount of euoh payrtren9a.
<br /> �R;#�;,�� ��1. Borrower Not Releesed; Fmr�ear�nae try Le�eder Not a Wahr�r.E�c3enebn of the tlmti ta p8ltne»1 ar
<br /> -__ _;-,,�� modiNcatbn of nmottiratbn ot the eartrts socured by th(s Securily InsWment pranted by Lender to any suaIIesaOr h tntereat ot
<br />-��';:�,,�,,. Botrower shaN not operato to release the IEo�Uily of the oriphai 8orrower or Borrowere succossore tn inti3tuu^9. Lender shalt�ot
<br />�'3���` be require�d W commence proeeodhgs agalnst any succesaor M htorast or roh►so to oxtend tMra tor p�m�ent ar otherwtse
<br />��,a,
<br /> ra�� madHy emortlrBUon ot tho sum9 secured by 4hfs Securlty Inbtrument by reason of eny damnns9 mado by thn oAgNel Borrower or
<br />-�--..�.� Qarrowa�o auccosaara tn inte�st My forbeer+ance by Lender In exerolsh8 anY Nght or rf,medY ohuU not be n waNcx ef or
<br /> preoluda tho exerolse of eny�jfrt m r�tnedy.
<br />--��`�'� 12. Su�ae�ao�a end Aasigna Sound; Jolnt and Soveral 61ab0Iry; Co-st�nara. �.me covenanes ena
<br /> -_-° ��� R�^'tt3 Ot LA13:�Q!l�Ry ti18i17ffi6iii 6tF@B @LICI Cfld�tE.f'lSTil IE19 SUCCCat;ROR)Ct1ti ti65I��PiS 8��Wti�6tid 3Ct.:3'�.'�ibj,�°.L'!t0 tht `
<br /> -T���;�:=_� provtsbns of para�raph /7. 8orrowe�'s covamants ond agreements shall bo Joht and sev�a� My Bo(reyi•m who casipna this
<br /> � -- �"""" Se�s�rIly Inswment buY do�s not�cecute lho Note: (a)Is cas6�nhg thts Sc�our&�r Inatrummrt on1�to moK�epe,grent and os,nvey
<br />-`3���"��' ' thng Borrowers htergst h the ProS�ty undot th0 tams of 1hI�8ecu�tty InaUumenr (b)la�02 personelty obligc�ted to pny the
<br /> �. t;�:. :
<br />--=-->�=:��,x:., aums secured by this Securfry tnaUumont; and(o)aSroos tRat t,�x�de�and eny cthef 8orrawer may agn3e to extend,rrtodiy, _
<br /> ;;,; "'"" torbear or make any nccommodatbna wi�h rdp�ard to the terms of this Security Inatrumont or tho Noto wfthaut that 8orrowete
<br />�l:: '� :;,, � conscx�3 �n ChsT�ES. it the laen soCurod by thb SeCUrity lnotntmoM b subjaat to u Riw whECt� sets rtmxknum ban L'
<br />_ �, ehargos.and that taw Is fia6y Enieryrot�d ao thnt tho interost or oUeur bnn aherges aolL�ctsO or to ba collocUSd in connt�oNon �;'•
<br /> ..�+ �,��• �• �ith tho ban oxceed the prnnit�l Ilmtta,then: (u)aeY auch ban chnryo shntl bo rcduced Dy tho mnount necc;sr,ery to roduce �;;
<br /> � tha ehsrgo to the permitrod Iimf� end (b)eny sums atoady collaotod from Bo�w� wAtoh exc�adud permtttod timke wIA be I{�}_
<br /> ''" rotunded to BaJZauvr. Lender maY ehoos0 to mnke thb roNrtd by reQuclrtp Me prtnc�at ox+ed unde►th0 NotO m by makhg u ��
<br /> �. dbet Wtymere2 to Bortower. tt a rt�fund re�uces pdnctpal,the roQuetton w!q bo bentud as a Partial Pre�ayment wUhout 8ny �'-:
<br />_ �. Pr�aym3nt aharge under the Nota �--=
<br /> 14. NOUC�.My noUce to Bartower providsd tor In thls Soeurity Inatrument shalf Do gk�by deft�erlfp it ar by m�.4ing k -_-
<br /> � by ttst oinss matl unbsa appilcab�le taw requlres uso of another mothod. The nollco aRM Rro dtrrroto�to the Propertr Ad�esa �
<br /> , ,_ : o...
<br /> -----�°�; -' or nnr othe� addross 8orrowor dosqnates by noUce tfl lendar. My rtotk;e to Lsndc�r chnli bo 9Nen by f+st ctn�s maii to w
<br />- _=_�.
<br /> • Le�ndets eddres9 6tated herotn or any otR�r nddress Le�Oer Oos�gnatss by notte co dorro�rar. ivry aotoCe p�w�uod ivr in ma ,,,
<br /> Soeurd�r inatrument shalt De deemed to have boen gkon to BurrowPr or LcnQor wAan gt�asn aa provlQod h tt�b pa�aph. o:_-
<br /> . 16. QOVE7111Rg Le31►, Severebiliqt.Thb SoewA�r Inabumait ahalt ho �m�ert+od bY led�.'ral tnw and tlre i�w ot Ne
<br /> JuAsdbtbn in whlaA the PropeAp b bcated• �n tho mrant that any pro�blan or olnu¢o of thf�&ecu�y lnoWmmt or the Noto
<br /> !f
<br /> cnntUCta wRh epAlteabte Ww�tuieh coaAiet ahail not alteot othor proYtsbns ot thi� Securtty tnatrument ot tho Noto wPNaA can Ee ,
<br /> tui
<br /> gMen eftaat wRhout tho ConNctY�p provfsbn.To thb end Ne provbbno ot thb SBCUr1�r Ineaumont and tho Noto ero deotarod to 6:-
<br /> -,��` :K._
<br /> '' �WrW4Y�� f :
<br /> �� 18. eorrower•s Copy.BoROwer BROtI bo g�i�arre contom�t3d eapy of the Noto end of thi3 SocurUy lnaUument.
<br /> F,a+e�a�o prce� paQ��ot 6 ..�... �
<br /> " oaoza
<br />
|