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93104782
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Last modified
3/9/2012 2:03:21 AM
Creation date
10/20/2005 11:45:50 PM
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93104782
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, <br /> ��•�.. � �'t'�a�!r�� : . , <br /> � <br /> � _ _. __. ._ _ ._ - <br />,i <br /> 83-in��z <br /> mnde,nnat on or other�aking o(any patt of thc Property,or for conveyanr. in lieu of ro�Mcemuuon,ve hcreby 5sxigrKd aM <br /> Mc <br /> . .h.ill be puid m Lender. <br /> In �he e�em o(a iotai mking of �he Pmpeny. �M pmceeds shall bc applicd w the zvms securtd by @is S«urirv <br /> Inswmem,whe�her or no� �hen duc, with am escas paid m Bo�wec In ehe evrn� of a partinl taking eF Ne Pmpeny ii <br /> nich the fair mar4e�vaiue of the Vropenv immNia!ely bc(om�he ukirg is equai ro or ama�tt than�he amount ol�he zums <br /> secured b� this Secunry Ins�rvmrn� immcdiatelv befine�he uking,uniea Bortow.r a�M Lender orF.erwiu agree in writinc. <br /> ihe xwns mcumd by �his Securirv Ins�mmrn� xhail M rtduced by the amount of�he proceedc muhipliM by �he fellnwL�^ <br /> frac�ion: �a)�he�atal amour.�of the sums secured immediamiv before the mking,divided by(b)the(air ma!ke vaiue�f� <br /> Pmp;m immedivmly be(ore the uking. Any batmce shali be paid io Boemwer. In the event o(a partial taking of ;. <br /> Proper.y in wKCh ihc !au marke[wlue of thc Roperty iremedia:ely bcibm�he eaking is less�han thc amount o(th<sums <br /> urctl imm<Aiamly bcfom �he iaking, unicss Bonower arM LaMe otherwi�e agree , wd�ing or unless applicnbic law <br /> otF.erwisc pmvides,�he procccds zhall be applicd m�he zums securtd by tF.is Secunty fnswment wheiher or not�he sums ve <br /> �hrn dve. <br /> ❑'�he R'operty is obandoned by Bormweq or if.airer nonce b��lmdu m Bormxer that�he condemnor offers m makc <br /> . an award or seiNe a tlaim for damages,Bortower fails to rapond�o i.eeMer wi�M1in 30 days afmr ihe da�c�he no�itt is givrn. <br /> Lender is ao�horized m collst and appl}�he pmcmAs,a� iev option.<i�her ro msmratio+or repair uf thc Propcny or m me <br /> mms secured br this Security Ir,wmenL whe�heror no�N_n due. <br /> UNezs L.nder and Bo�rower o�herArse agree �mr ng,any applica�ion of pmettde to principal shzll no�exiend or <br /> pus�ponc ihc due dam of the momhly papmenm mfemd m n para�raphs 1 aiM 2 or chmge�he amoum of m<h paymrntx. <br /> 11. Hcrrower Fat Rele¢ad; Fnrbearantt Bv I.ender Yol a R'akee Ex�rnsvn of ihe (me f>r Oavmrn� or <br /> mMiGcr�ion e!amortiia�ion o(tM .0 rs.vccurtd by�hrc Stturiry InxWmrnt gantcd by Lender m any succamr�n inmm.� <br /> of Bor.r r. shall not ope.vm lu �. ieue �hc linbility of Ih<ongina� Bortvwer or Bortower's mccexsors in imcrest. Lrnder <br /> shall mt bc rcyuircd m commrna preceedinea agains[ any succeswr in imertn or rcfux!o eztenA ti.ne for paymem or <br /> o�hen�'semvdily onrzalionofthesumsucoredbyihisSmuntylnswmen[b}reamnofanydemanJmadeby�heorigmal <br /> Bortower or Bom ars vm<ssors in inmrcsi. Any forbear�nce by Lcnder m exerc�s�ng any nght or mmcdy shail no�Le a . <br /> warvev o[or pmclude�a exerciae of any nght ar mmedv. . <br /> 12. Sucmcvors antl A.sip,ns Bound:Jaint and Several L'ubility Co ciFners n�e�o�e�,m�,�a�Free��e�i.,or�n�. <br /> s.����� •.-���Nm���_.nmi s��,i:,�n no,��m m�.�««�R��d a..�F�.or���e�,��a e��w�.. .�n�«��o m� Fm. .��o�s�,r <br /> puragraph 1]. portoneri cwrnanis and agmements shall lre joim and se�crai M} dortower who m signs �Mv 5«uriry <br /> iv s�mmem bm docs mi exuure�I�e Ivote (v)�s eo-sigNn6�his Secunty Inurumene only w mongage,gmm wd convey�M1a� <br /> Bonower:v m�ems�in the Nopeny undce ihe tertnc o(thrs Smunry InsuuTmC (o)is mn pcRnnally oMipa�N�o pay the sums <br /> ;ecured b�this Smirtiq�Invvument and(c)ageees�hat Lenaerand any oiher Bortower may agree�o extend.inuJify.�orbear <br /> r make any xccommodaiions wi�h regard m ihe ¢rtns o(this Securi�y Inshvmrnt or Ux No�e wi�huut �hat Bortowera � <br /> co cnc <br /> ns ll, i,uan Charges. If�hc loan s¢ureJ by �h�s Smirirc Inswment is mbjca m a law which sets mn�imum lonn <br /> charges.:viJ�hat law�s finaily inmryreted w�ha��he inmrcst or o�her Iwn charges coli«md or m be mliecicd in conn c�ion <br /> �.'i�h the loan aceed�he p:nnined limits,the¢ (a)any zv:h loan charge shall be:rduced Fy the ameunt neresvary Io¢duce <br /> �he charge m�he permiued limir.and(b)any svms alrcady mllec�ed fmm Bonower ahich ezmeded permilled limi�v wiil hc <br /> rcfunded�o Aortower. Lrndrrmay choou w make ihis rePond Ay rtducing�he pnncipal owed under the iVo�e or by making a <br /> dimet poyment lo Bortowec If a mPond mduces principal,�he rtdunion wili be trtarod as a panial prcpaymem wi�SOUt any <br /> prepaymem chvrge onder the No�e. <br /> IJ. �bticee Anv no�ia m Iinrtnwer provideJ for m ih�s Sttur ry Insminrcnt shali M givrn hy dchvering i� or hy <br /> n ailin¢it Cy fint clacs mail unlecs applicabie law mquires use o(ano�herme:hod.The nmice shall M direcmA m�he PruFr.ny <br /> AEdress or any other address Bom+uer designata by noiim ro LerMec Any notice to Lender shall M eiven by frs� ciax= <br /> msilblenACr'saJdresss�amdhrminoranyo�heraddeessLmderdesicnamsbvnoiittPoBOrtowec Amnoocepmc��:d.`ur <br /> in iliis 3tturity Inswment shall be deemed m have been given m�ortowcr or Lender wM1rn given vs pmv ded in ihic <br /> pzragruph- <br /> I5. GmerninR �-aw: Severabdih�. 'IT s Secunty Inrtrumrn� shal be gm�cmed by (rAeral Inw and �hc Iuw of ihe <br /> ji �:dininn in vvhic6�he:toperty is loca¢d. In�h.e even��hat any pro��smn urdau.0 of�hiz Stturi�y Instrv nen�er�he No�c <br /> o ifl a.u'ih appl caMc law,zuch ccn0ict.hail mt affca o�hcr pmv xions of�hiz Smnrity In.rmmrn�m�hc Notc which can <br /> Im g'ven e(@a wiiM1w� ibe conil c�ing provis�on. T �his� end�he p .wns a!�his Secur ry Imarumrm and �he Nme ar< <br /> dec IareJ io M1e scvcrablc. <br /> 16. Rurroaer's Cup� Aorrower zhall Ix g ven one<onformN cop��of ihe Nme and of th s$ecvriry Ins�mmen�. <br /> 19. i}un.vfer of the.Properly or a Ilendcial Interest in Mrrox¢e If all o any part of•he Pmpeny m v in�crea in <br /> 1 is mid or trvnzferted(or if v benefcinl In�ems�in Bortower is solA a Iraavferted and Eomo�xer iv nct v nawml percoip <br /> wi�hom Lrnders pr or wr nen co ucnL Lrnder may,at n oplmn.rtyu're�mmcria[e payment m full u!ali.mms sccurcJ F.y <br /> �hrs Secun�y Insmimmt Houever,this op�on shall na be exemiud by Lendcr f escrtiv is prchihimd by fedeN law a•,o( <br /> ihe da:c o(ih's Secur iv In.vwme ie � <br /> if LznJer exemrses th s oo��on l,eiWer.vhal gve Bortoxer not ce of attiera(on 'Ihe no�rte shall provide a pr-W of <br /> no�lexs�han�0 Aays fmm ihe date�he no�¢e is Oel'vered or maJed u ihm wh¢h Bortower must pay all aumc.¢currJ by�hic <br /> Se r 1 .� � If Bu wer fa Is �o pa� these .,ums pnor m ihe exp n�ion o(ihis perioa. Lrnde: mav 'nwke n <br /> nied cs p.miin d hy ih's Sea rirv ins�mment wnhom funher no�me ar demand on�ortowen � <br /> 18. Ror mver'v Right to Heinstate. If ftorm eces cetta n wndnions. Borzowev shall harc thc ri�h� m M1wc <br /> aifomemcm of ih x Securi.y Instrumem S mminued at[�n}�i ne prior m ihc eadier ot: (a)5 dnys(or such oihcr penaf as <br /> Sin�JeFmly tannx31ve5radtlkMCCONlFOHN�FSIRUNENT..Un(mmCwmama 9�Po lry�evinlM1rverrl <br /> �.:.._ <br /> __ ��: J <br />
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