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93104780
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Last modified
3/9/2012 2:03:16 AM
Creation date
10/20/2005 11:45:48 PM
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DEEDS
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93104780
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. : ;�:�s��-,�•�.,.Q� . <br /> . . <br />�wn s .:^� , _ . � � <br /> g3=lo���o <br /> mnicmca!icn or odur laking o(any part uf the Property,or for<om'tyance in licu of mndemnaticn,am hereby assigned and <br /> sh�ll U� pa:d m Lendcr <br /> In th_ e�'ent of a ro�a' u�km� oi the P'oper�y. the p�oceede shall be applied �c the xums xcured by �his Secwily <br /> mvument, x�heth^r or ro' ��en Lue, with any excess paid to Hortewer. ln �he event o!a partiai taking of ihe Ropeny �n <br /> whieh[h, (a;r mvrke� vsWe o(the Propeny immediately tefore Ihe taking iv eyiml lo or greamr than the amount o�thc sum� <br /> zecur�t 6 � 's S�c rit Iv.vumrnt immediamiy ire(ore the taAme, unless Rorrower and LenAer aherwise ag¢e in writinc. <br /> ihc e n< <-cureA by ih'. 5 curiry :nslrumcn� shali lre rcAuceJ by ihe amoum of Ihe p•ocecd� mutliplied by Ihe fnllnwmg <br /> h.mtic¢ ('1�he. �otal amoum of the sums secured immeAlalelv �(ore the mking.divided by(b)�he fair markel wine uf 1hc <br /> Propzrsc mmed �mly beCere ihe mking. Any bal�na shall be paid to 6onower. In �he eved of a panial taking o( �he <br /> "rcpern in which Ihc fair market value of Ihc Propert}' immediarel}' �fore �he lak.ing is less Ihaa the amoun[ of thc sums <br /> secureel i nmeA atel� hetn:e Ihe mkin¢, unle+s 6ormwer nnd Lender uthern'i�e ugree in writing or unless applicahle !aw <br /> o�herw�ise gro.ides.the prceeeds shaY be applied lo Ihe sums secured by�his Secanly Inscrument whether or no�Ihe sums cre <br /> �hc¢du� <br /> 1"�'c Propertv is ubanAOned by Bortowe�.ar if, nfler nolice by Lender io 6oimw'cr�hm Ihe condemnor offos m nukc <br /> � an o�carJ or settle n eWim fot tinmoees. 6ortowe�fnils ro mspond�o LenJ^�within 70 d�ys n(mr the dale the notice is grvc�,. <br /> Lruder �s uu•hor'zed to wVect and apply�hc proceetL, n its eption, ei�her�o msroation or repair of the Propcny or to thc <br /> , , a -ecu�cA by this Security ImtrumrnL«helhtt o�nnY lhen due. <br /> Ln,ess LenAer and Nonoe:er ulherwrse a�rce in wriling, any applica�ion of prxmGs Io principal shall no� exmnd or <br /> ������me�he due d�te o(the monthlv paymentc re(ened ro in parag�sphx I anJ 2 or change the amoun:o(such pa}mrnu. <br /> 11. 6orzo��er Nm Neleaud; �orbearanee By Lender Not a Waivee Ezmn,ion of the einie for paymrnt nr <br /> x'.ii � •�of amoroz�iion o`the smns sewral by thi.v Secur,ty InslrvmeN gnnteA by Le.nder ro nny .-eccesror in intemsl <br /> oC Bi m rr shull �iot opemtc to releace the liability of�he ��� -inai Bortovre� or Ronowe�S successors m imercsL Lendcr <br /> sh:ll not be requircd m wmmence pra.'eedings agu ins� 'm� �. -ccssor in ime�es� or refuse�o ezmnd tim¢ (o* pnymen� or <br /> otimn�ise modiCy emoruzotion of�he sums�ecurcd bv Ih�e S.^_urity Instrumcnt by reuon o(vny demand made by�he onginnl <br /> Bonower or Borzowers mcr,eseors in inttrcsL Any forbea.mce by Lrnl.er in exercisin6 Eny ight or mmedy shaU nal be a <br /> waiverof a-pre.Wde the exercise of any ngM or re�nedy. <br /> 72. Successors and Assigns Bound:Juirsl and Several Liability; Co-signers. The covenams and agmemenrs of�hia <br /> Se vrin' In�:mmem �hall bind and benefY Ihe sucressors and assigns oF Lender and 6orrower. rvbject lo me pmvisiona of <br /> pa:agraoh 17. Eertowera covcnants nd a x°mwts ,h�U be jeine and xevernl. Any I3ortower who c� .�gn. �hn Sccunty <br /> Ins!��ment hw Aces no[execule the \oie (a) is eo-i gnmg thk Securirv Ic�wment only to mongage 5mm vnl comey �ha� <br /> ftorto �er's Imerect in the Popeny untice tlie Lnns of thw Saurity In�immeN; (h)i,a not persanally obligntcd I . pay�he sums <br /> s�rcured by this Secu�ily fnstrumenC and(y agrecs that l.endcr and uny other Rortower may agree�o ext iA.inodi(y.forbe�r <br /> or make �m accommodv:ior,s wi�h rcgard m the b:rms of this Secanty Inshument or �hc Nole wi�Uout �hal Bonower:s <br /> conscnL <br /> 13. I�ran Charges. If [he loan sccuad 6y tl�is Secunty Insuument is suhj:ct lo a law v:nich ,vets muximmn loun <br /> ehnrgee,and tha[lnw is finatly io�erpre�ed w thal�he interest or other loan charges collmled or�o be eollze�ed in connee:ion <br /> with ihe Inan ezceed�he xm�ived iimitx.�he¢ (a)nny sueh loan chncge zhall be reduceA by the�mouut necec ury lo reduce <br /> ihe chor�e m the pemiilted Iir.vC and (b)any xmns already ecllected (mm Bortower which excecJed pemuued limiis will Ue <br /> refundcd m 6amutr. Lcnder may chcore�o make thi�rclund by reducing lhe ptincipal owed unda the Note nr by making:: <br /> dirr:!�'�ayme:v ro�nrmuer. I`a refund reduces principaL ine reduc�ion wili be Ircffied ss a partial prepaymeN wi�hnW an}' <br /> i prcn_�i ellchameunderineM1o:c. , . . � <br /> i S �otics Any notlre o Bonower provid�rl `or m thi:+ Secunty In�vumeN shvll Fe grven by Jelivcr ip n or hy <br /> mniling i�b�first dass mai!unleas applicable law requvev use of anmher method.The noli¢shall be dimRd m�he Property <br /> �1ddr .. rr nny olher adJmss Bortcwe� Aesigaa�ex by rmtice m Lender. Any nouce�e LcnCer xhull be gi�m bv first d�+ <br /> mall m Lender i addm s mated he�ein o�eny olha�addreec LenAer desi�natu by no�ice to Borranee Any notiee prrn ideJ(or <br /> in thi� Securiry In=ttumem shali :x deemed to have Men given to Bortowet or Lender when given as provideJ in thia <br /> parapmp i <br /> 1� bu�'erning Law; Severa)ility. Thi� Secunry Insimmem sh�ll t�e governed hy federal law .mA Iho lau' e( �hc <br /> jurisJ'c ion'n which the Propeny is ocated In thc wen[Ihat any pro �i on or d'ause o(tliis Security Inetniment or Iha No'e <br /> mn�l cr: th ap?�%cable law.�uch c�,nilm�shall not aftec:other pmv�:i n. oF Ilus Secunty lnztmment or�he No�e whbh w� <br /> be Fiven c!fec� �vilhout ihe conflictir�.g provision. To this eW the provmonv of�hix Smuri�y Insvvmem and �he Nate are <br /> dcclarrl m be scvc�abic. <br /> 1G. 6orrowePs Copy. Bonowcrshuh be givan one confartned copy a(the Nole and of this Secvrily Incimmrnt. <br /> 17 Tunsfer of the Property nr a Rtneficiai Inleres[in Rorrower. If all or any pan of�he Prn(�eny or am �rierest in <br /> it ix sold or transfcned (or it a benefinal imere�t in Bortower i� sold or Iransferted and Baerower is m� a nami,d pennn) <br /> wiihou! Lender�prior wriuen conscn6 Lender may, �� i�s option.require immedia�< payment in (nll o(nll stims sccureA hv <br /> thic Security InstrumenL Nowece,r.thl.v up�ion fihall not be ezemised by Lendtr if ezereise is p�ohibiled by Iederal Imv m'of <br /> �hc d�t o�. th 'Sewnlv I :.rumcnL . <br /> I(1 c de �-.emi��. �hi. opGan. I.cnAer shull gnc I3o�mwe�nolm� �[necdemtian. Thc noime.h 11 p o id a�nri uF <br /> nnt I .: il �n 30 dey: Crom�he d.ne the n)tive is deliv red or m�ikd�'ilhin which Bmrowcr must pay�II'u ns. � md I.v thirc <br /> $ecuriry' InstmmenL It Bortowcr Giis lo pny Ihese vums pnar lu �he expimtion of Ihrs periaJ, Lentler may im�Ae nny <br /> re�ncA'cs�mn.ICd by Ihn Securirv InsnumeN wiihoot funher noliceordemund on Bortower. <br /> Ift. Rorrnacr's Iiight In Reinslala I! f�ortnuer mee�s cenain cunJitions, 6ortowcr xhali have ihc ripht �o h:rv; <br /> rnfnracineni id�hix Sccuriiy InmmmeN dlscominucd ui nny iime pnor m ihe endicr of Iu)5 dnys�ar �uah mher pen�xl u. <br /> :'�µlofunly—FnnieAiaeM1'redJleNa<UYI4'UR1fINti1'PONf:NT ln'lomGvmunn 91WI IIx�eN +l^IV,e�.� <br />
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