|
E
<br /> j } �,. :�
<br /> � � � i -- ,. „ , i�� * .. _ __—
<br /> _
<br /> _ ,_�
<br /> ,u
<br /> . - .� •" -s.
<br /> _... . .
<br /> .-
<br /> „
<br /> �. _ ,�• ,t.,.,,.� � __, '
<br /> � � ������
<br /> I�: . ' .: Plnrrowar rn�y airr eucl� e datitiM an�1 t�ngUt��Re �avklxcf In p+n�(Fay�h 1d��c�uYing th� antbn n►�Nn�.uNng ta be --------
<br /> �`- a • c;;en�tas�c!r�th�t�e�;�p I�et,ia L�ttlar'a gn�Mtii�dMmm!�t4tlot��Vs3i.Aect;t�fu;ia-tui�u!ti�n�ui�d::rta'�4�f�i�Yi 6�t?tn�',r3�iy t� —_._ -------
<br /> �- � ..-. �th�T!tt!4{�q(�(ttt��IfiiFEilt 0) tha Yan er�ated by thla 8ec�lty tnttr�manl a ��ndt�'a e�eudty fr.teraat. �orrowiv al�aY al�a bs --- -----------
<br /> :� 1�ct�uM M gamswu,dttrinp lh�IP����pqt�tion ptoCa��,�vo mste�fA�tatas a In�ccu�ste Mtum�tEen o►etstvmant�tn Landa►
<br /> (oi teWd to provld� �endK�vNh my rt�twwf Intarm��tan){n eann�aUon►vttA IOe toen evtd�ced�y IA�Nots, 4ic�udtnp, Dut =
<br /> aot I�iilt�d to. nproaant�Uon� cancwnNip Dorr��+rer'� occupancy ot the Prop�Ry e� A prt�ro�al reUAa��c�. ti Ihla 6eotu€ry ----_
<br /> ' , • tnetrumant ta an� taneehotd. 9ofrow�M�l1 comAy�vtlh�N Ihe provt�tane a1 tAe teaee il QaRO�var�aqukes fee ItHe to ths _._—_—_--
<br /> • - �- PrapaAy,tha tca�ahotd pnd tho toe t��t�an.�not uiar�e unloes Rcader ogro�s to tho mcrQ�r tn e�itin3, - �•• -
<br /> - �- �'. Pr�t�ael8a�t 1.��'� p �
<br /> -- - --:- Igt� In!h� Rrs�parly.q�aaa t�ta tn pmto�m tha eove�nse eu�d a�re�mrnte — _---
<br /> � : _{, - �vr►taqt�!R►!h!� �r1ty i�trum�n#� er th�o I�a t�sl p►ac�n9��Y�Bn��Y attncf t�ne��o dghu h U�Prop�rty — _ __
<br /> (euoh ae�proceeding In bantauptey,prob�to,tor aondemnsn�tlon ar to�tetluro or to entorae lewo or�apsil�Uone), Ihen Loeda mdy � u°-
<br /> -� . �, � ' ' do and p�y tor wh�teve►is nQaeseary ta proteot 1he vaNe o1 tho Properry end Lende►'a Nphte tn ths Prope�ty. Lender� �aitons � -` -•-� ° �_
<br /> ;,�'L N��,�-_-�--
<br /> , mey Inctuda peying�ny euma eeGU�ed by p Qen wAloh hee prior�ty ovcr thla 3ocurily Inetrumont, appoadnp In couA, p�ytnp r�,.;r=�------
<br /> � reeeon�bte�ttomeye'tcos end entatng on the Propo►ry to nmko mpalre.Atthough lendc�may tnke sotlon under thtn par�pnph = ""' _�
<br /> 7,Landar does no1 h�vo to do eo. ` ,`""_-s-+�__ =
<br /> , My smounte dlsbureod by Landur under paragroph 7 shaN boaome addlllonal debt ol Borrower aoaure( by lhis .���'r::�'--";�'`-s—
<br /> • 8ocantty Instrumont. Uatoaa Bor�owar and Loedcu eflree to othor terms ol paymont, lheso amounte ehail bear lntaesl hom ���f-}�._��--=�_-_
<br /> • tho deto ol disbu�omnent at tho Noto mto and ehall bo payabl�,wlth Intcrost, upon natico hom Lendar to Bortower roquostinfl ��- �•�
<br /> PaYmont. - - =.��-`t_—
<br /> 8. MoMgage I�auranoe. N Londa roquirad mortgupo tnauranco aa a oondltion o1 makinp iho fAan sonurod by thio -- __ =�-`
<br /> ' 8ocurtty UatNmant, 8ortowor ehell poy tAo promlum�raqulrod to mutntatn tho modgapo Insuiunoo in ottoot. H,f;,r any reanon,the • F�.�--____-
<br /> „ mortpapo insuranca aovcmge�oqu(rod by londer tapaes or oaauoa to bo In oifoot, Bonowor ahall pny 1ho prcmtuma requlrod to _-_
<br /> � ohtain covornqe aubatnntlaly csquMatant ta lha mortgngo Inauranoo prevtausry in ottoat, at a cos�oubstantta�y oquNatoM to tho =- — �-
<br /> ' coat to 6orrowcr ot tho mort�/�t►po insuranco provlouoly in o(teut, hom en oltomAto mortpApo inuurer appravod by lendar. If -
<br /> II� 11��ti.-��-
<br /> su6atantlaly equNatent martpago Insuranco oovoraga�o�ot avaitnbio, 8onowor ehnll pay to Landot oaoh monlh e aum oqua�to _zz:..--
<br /> '� , onaiwet�h ot tho yoarty modaapo insumnco promlum bolnp pald by BoROwor whon tha Inaurartca aovarago tapaod or aeasod ta � - -
<br /> .. bo in attocl. Landar wlli uccopt, uso and retaln iheso payments ae a loae ro�orvo In Ilou oi mortpago Inouranee. Loas resurvo � ' _
<br /> , � paymonto may no lonflor be roquuod, qt tho optlan o1 l andor,lf morig�po Inauranae covom�o (In tho amounl and for tho podod _:�y�
<br /> ' that Londar roquiros) providod by en tnaurer approved ay Landar ufla�n bocomos avullnbto and fa obtalnod. HoROwor ehaU pay •_��,,
<br /> � tho promluma roqulrod to malntnin mortgngo Ineuranao in etteaL or to provldo o lose rosorve,unUl !ho taqultomant tor mortgega ` ��.•.-
<br /> Ineuranco ends In accordnnco wlth any writtan apraomont botwoon 8orrowar und landar or oppllonblo luw. ' ,'.�;,�t-
<br /> ' 9. ln9pe0tlon.Lender or ite apanl mny mnko roasonablo antrios upon nnd Inapaatione ot tho Ptopariy, 4onder ahaq flNo ;=:.
<br /> 9ortowar notico at tho timo oT or prlor to an Inspeatlon ape�ityki8 teasonAb�a causo tor tho inepeotion.
<br /> 10. Condamnntlon, Tho pracooda ot any awArd o�ckilm tor dnmagos, direct or conaequantiel,in connoctlon wNh eny
<br /> aandamnatlon or othor taklnp ot any pan ot the Propehy, or for oonvsyaneo In Iiou o1 candemnation, are heraby aselgnod and •
<br /> eht►U 6e p�ld W lendar. , _ .-_ -_
<br /> �n tho avant o1 a total taWng oi tho Propody, Iha proaeads ahall bo appliod to iho aums secured by ihis 9ecuriry . ... _ ��
<br /> InatrumonL whether or not than duo, wNh any oxceae paid to Bartowar. In iho ovant at u partlal taking al tho PtoPwty In ~ �_
<br /> whloh the talr market vaiue ol ihe Properry Immodlataly botoro the taking la oqual to ar gra�tar than tho amount o} !ha oumn °' �� _,
<br /> oecured by thla 9aau►ity Instrument immndlntoy hotoro tho taking,unleae 8artawer and l.endor othorwiao agroo in wdGng, the .-
<br /> . ,.:. _ �.
<br /> � _.__._,.__,_._ . _ auma securad by thts Sucurity Inatrumnnt shN! bo raduced by the amount ot tho procaods muitlplle� by tho faitowtne traotlon: . '°��
<br /> (a)tho toWl amount ot tha ouma eocurod Immodiatay betore tho tuking, dlvlded by (b) the lnir markot vatue o1 tho Praporiy . �
<br /> Mmodlatoty batoro tho takinp, Any bntanco ahatl be paid to Bor�ower. In tho evont oi a paAlal takinfl of the Praperty In whiah a
<br /> !ho fair tnatkot vatuo ot tho Proporty Immodl�toy botoro tho taking Ia laao than tho amount of tha ouma oocured Immodiototy ti�:
<br /> 6stara tlss takk�g, ualsss 8anawar ass�l 1s��a aiba�r;lss a{fras !a ::ritl�g as unl�s sp�!las6k !s� a!ls��a psa:3dr,., !!sa ` ,,
<br /> . � � �..--_ ,=��-
<br /> proaoode eheti 6o appllod to ihe eums oeoured by ihle 9ecuhry Inetrumont whalhsr or not tha oumo are then due. � •�
<br /> II tho Proporry is abandonod by BoROwor, or N, �flar ootica by 4onda to Bor►ower thnt iho aondomnor oNas tn maka an
<br />� ; award o� seriio a alatm tot domagos, 8onowor fal�s to roopand to Lendor withln 30 days aftm tho dato tho notico Is gNon, �•�.y
<br /> � I Londnr Is authori�ed to oolloct and appy tho procoeda, ut Its option, alther to ruotoration or ropAl� ot the Proporty ar to `� �'
<br /> � tho suma oocurod by this 8uourity Instn�monL whpihor or nol than duv, ~
<br /> � Uninso Landor and Bonower otharwlae aprao In wrlting, any nppllouUon at pracaodo to principal ahali �pt oxtond or
<br /> ' poatpona tha due dato at tho monihy pc►ymonta rotortod to in po�agraphe 1 and 2 or ahango tho omount oi sueh paymenta,
<br /> _ �t 11. Borrower Not Retoeaod; Forbaaranoe 6y Lender Not a Walvo�. Extansian af lho timo tor payment ar
<br /> modl11an1ian ot umoAl,-.ntlon ot tho aums socured by ihia 3ocudty Instrumont {�rantod by Lendor to any suaaosaor in interos!
<br /> ol 8orrower shall not opurato to rotoaso the Iiahllity ol the odglnal Bortawor or 8ortower's eucco�sora In intaast. Lender eholi ,
<br /> not be roqulrod to aommanoa procaodlnpo apainat any aucaessar in inlorost or raiuso to oxtond tlme ta payment or othenviea ,
<br /> modify amoRlaatlon of 1hv suma oocurod by ihia Socudry Inatrumant by rooson ot any damnnd mada by tha odpino�
<br /> bortowor or Borcowet'&eueuoasurs In Interest. Any forpearanca by Lendor In oxorcl�ing nny rlght or remody ehail not ba q
<br /> waHar of or prec�ude tha exorciee ai nny ripht or rcmady. �
<br /> i 12. Suooessors a�d Asalgns 8aund; Jolnt and Sevo�al Liabllity; Co•siflnere� Tho aovonanta and �
<br /> agreomonls ot thls 8ecurity Inatrument shall bind and bono0t the succosooro and asalc�na of Londer and 9onawer,aubJoat to the •
<br /> pravlslans o1 paraprnph 17. 8artowor's covonunts and agroomonta shali bo Jolnt and aovoral. Any Hortowor who co•slgns thls �
<br /> BoCUdty Inatrumont but doos not oxecuto tha Noto: (a) Is co�slpning ihis 8acurity Insirumont only ta mo�gago,grant und oonvey �
<br /> ' that Borrower'a intorost In tho Proporty undor iho torma oi ihla 9acurity Inatrumonl: (b) is not poraonAly obNgatod to poy the
<br /> ; aums secured by Ihis 8ecudry inatrumant; end(o)aqroes ihat Londor ond c►ny othor ponower may agrae to oMend, modity, I
<br /> „ torboAr or mAko any accommadatlona with rogard to tho torms ot Ihls 8oaurlty Instrument or ih� Nato without that 8onowor's
<br /> oonsent. ,
<br /> � 13. Loan Chargea.II tho Ioan sacurad by lhls Securlty Inatrumant Is aubJoct to a law whbh aets maxlmum�oan
<br /> � aharges,and that law Is Mally inierpreled so thnt tho Intorost or alhor loun ahargao callaatod or to be aolloatad In conneation
<br /> wNh tho loan exoeod tho parmittad limNa, then: (n) Any auch loun oharflo shnll be roducod by tho amounl neoosanry to raduae �
<br /> the ahnrgo to the portniried Ilmit: and (b)any aumss alroady collocted from Borrower whlch axceeded permitted Ilmits wll�
<br /> be retunded to 8orrowor. l.ondor may chooso ta mako this rolund by reducln� iho principa� owed under tha Noto or by
<br /> : making a d(reot payment to 8arrowor. 11 n rofund roducos princlpal. ihe roduulion wlll be ireated as a partlal prepoymont
<br /> , wlthout any propayment oharge under iho Note.
<br /> ; 14. I11ol1088. Any not�a to 8onawor provldod lor In lhis 3ecurity Inntrumont shatl bo fllven by deNvaring Il or by mnlling t1
<br /> by 11rs1 oiass mall unlasn applicable law requlroa uoe ol another mothod. The nolloe ehnll bo dlreotod to iho Property Addrase
<br /> or Any other address Qorrowar desipnc�toa by notico to Londer. Any notica to Landar shall be qiven by 14st clnua maA 10
<br /> Londor'e addraae atatod hareln or any othor addrosa Londor do:,tgnntos by notico to 9orrowar. Any notica providad for In
<br /> thls SeGUriry Inetmmont ehall bo deemod to havo boon qivon to 9orrower or Landor whon 41von as provlded in thls ppraflroph.
<br /> 18. QOV0ft11t1g LeW; Sev�rabipty. Thls 9ocurity �nstrumenl uhall bp qovornod by todora� law and tha law ot tho
<br /> '• ' Jurisdiotlon in whloh iho Proporty is tocnlatl. In tho ovont that uny provislon or clauao oi ihls 9ocudty Instrumont or Iha
<br /> � � Noto con0lola wlth c�ppilcable law, auoh contlict shall nol attect othor provlslona of thts Socurlty Inatrument or tho Noto whioh
<br /> can bE► gNen oifect without tho contllcting provisfan. To this end tho provlslons ol this 8ocurity Instrument And thu Note aro
<br /> deciared ta bo sovarabio.
<br /> • 18. Borrowa�'o Copy. Bor►awor shnll bo gNon ono conformad copy oi the Noto and ol ihls Socurity Instrument.
<br /> - F1318.4M�(10IE)9) Paqo 3 0l� ,
<br /> � I
<br /> � ' ipOf10010 �
<br /> �d. � ,
<br /> �
<br />
|