|
��i ---- _-- - : : _�
<br /> ,,�.---n-- . . . .,.., ,,::-
<br /> ,,... ,
<br /> . , - '.:
<br /> , �i� , , .�,,,y.. .. ' '.
<br /> �.,. . . �� , �- _ _ -- - -- ---
<br /> '�!�11_ - ---�--=� '. 91--�ta5E1s2
<br /> ��� �ymenta may no longer be reyuirod.at the optlun of Lender,iP mortgage inaurance caveragc(in the artwunt nnd for thc period
<br /> :�lth�t I.ender requires)providod by an insu�+er approved by Lender e��in bxomes available wid is obtainod. Borrowcr sh�ll pay
<br /> _ -.-. .-.� the pi+emiams mr��iinYl t�rr�inmi»mortgege insurance in effect,or to provide a loss reserve,until the requirement for moR�e
<br /> ,.-�:� inwr�ncx ends in rocorduncc wfth ony written agrxment betwcxn Borrower and I.ender ar applicable law. �
<br /> __— _ 9.laapectloa. Lender or its s�ent may nwke reaconable entries upon end inspeclions of the Property. l.ender sholl give
<br /> -��
<br /> `' Borr+ower notice at the time of or pdor to An inspdction specffying rcasoneble cause for the inspecNan.
<br /> °�"-'"�'-'-`------------ 10. Condemnadon. The procads of any award or daim fer demages, direct �r con!�qur.ntial, in connoction wi�h any „�_ _
<br /> - --- - condemnation or othe�takiag of any part of tho Prapeity,or for conveyanoe in lieu of condemnntian.A�e hereby acsi�ned and —
<br /> -« '.`- �twll be pald to l.ender.
<br /> •_ ,;•. - In the event of a rowl taking of the Property,the praceede shall be applied to the sums sxured by�his Securiry Instrument,
<br /> '�%�`�`� whether or not then due, wlth any excess paid to Borrower. ln the event of a partfal talcing of the Property in which the fair
<br /> -_:-;:;:�^`._ , mwrket valuc of the Property immediately bafare the takiog is equal to or greater than the amount af the sums secured by this
<br /> ___-�-_- '�` Security Iastn�ment j�m�ediately before thc taking,unless Borrower and L.ender otherwls�agree in wrlting. the sums securod by �
<br /> °""°"�.�":;~ thic Securiry Instrum�mt shall be reduced by the amount of the proceeds multiplial by the following frnction: (a) the total
<br /> ---�=�"=;^�� amount of the suma sxured immediately beforc the teking,divided by (b)the fair market value oi the Propeny immrr�liately -___
<br /> -� bef�re the taking. Aay balaace shaQ be paid to 8orrowcr. In the event of a partial taking of the Property In which the fair --
<br /> _�-;:{„ ��t velue of the Praperty immedietely before the taktng ia less than the amount of the sums secured immediately before the
<br /> ._
<br /> .�_ _
<br /> ,,. _
<br /> �°'�"'�'• ' t�ing. unkss 8orrowcr and Lender otherwise agree in writing or unless appliceble Iaw othenvise provi c�, pn�. ��
<br /> W�. ;
<br /> --���'� ' be applicd w the 9uma secu�+ed by this Security Inst�ument whether or not the sums are then due. _
<br /> --,�,.�' :- -..
<br /> - - =__ :�,;�,,:. If the Property is abandoned by Borrower.or if,aRer nntice by Lender to Borrower that the candemnor oifers to meke an �-
<br /> -��"�-� w�• � � award or settic a claim for damages, Borrower fails to respond to I.ender withjn 30 days after the date the noticc is givcn,
<br /> .:-}•:.�A,.
<br /> �'1 �.�' �� I.ender is authorized to coliect and apply the prceceds,at its optlon. either to restoration or rcpair of the Propeny or to the sumc
<br /> _.: -=''�''�'_'•==•�;.�. �ecvrc,3 by this Secudty Instrument, whether or not then due.
<br /> ��--���p , Unlr.ss i.ender and Barrower otherwlse agree in wridng, any application of pracecds to principAl shall not extend or =�
<br /> ������` Y�3-%'� postpone thc due date of the monthly paymcnta referred to in paragraphs 1 and 2 or change the amount of such payments. _
<br /> - �� ,=;�x,y
<br /> �—�7'��.e� a 11.Borruwer Not Releaced;Forbea�nce By Lender Not a Woiver.Eatension of the time for payment or modificallon
<br /> - n' +�� ��� of an►ortization of Ihe suma secured by this Security Instrument grnnted by Lender to any successor in interest of Borrower sholt .=
<br /> __;:.�a�,a�r,ru . .�•.:e �
<br /> --- -'s�•�+ � � not operato to tele�se the liability of the original Borrower or Borrower's successors in interest. L.ender shall not be required to
<br /> --�=��`,'f • � cortunence proceedings against any suacessor in interest or refuse to extend time for payment ar otherwise modify amortizntion =
<br /> ���' � of the sums cocurod by thia Secu�ity instrument by reason of any demand made by the odginai Borrower or Borrower's
<br />-.;;�,- ,''�`4� succcssars ia intcresi. Atsy forb�tr�tsa by ixtMler in ratercf�ing any dght or remetly sl�ell not be e welv�r�f or preclude the
<br /> � ,�,�,: _--.
<br /> =. �:�* ; :�°�, exercise of any right or remedy.
<br /> '" ,:i�:� � 12. Successors ond Assig� Bound; Joint and Several Lfpbflity;Co-signers. The covenants and agreements of this �':�__
<br /> `�� .��"; „ Secudty Instrucnent shall bind and benefit the successors and assigns of[.ender end Borrower. subject to the provisions of �-
<br /> ' '`�� paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Bonower who co•signs this Securfty
<br /> " '`�� � " Instrument but does not execute the IVote: (a) is co-signing this Security Instrument only to mortgage,grent and convey that
<br /> ��'+.- Horrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> '`�'" �� scxured by this Security instrumenr and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or
<br /> �'�;� � make any accommodationa with regard to the terms of this Security Instrument or the Note without that Borrower's consent. F�
<br /> . :;.�,. 13. I.otm Chargeg. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. - -_
<br /> .5 : and that law is tinally interpreted so thal the interest or ather loon charges collr:cted or to be coUected in connection with the �r�`
<br />,. . Ioan esceed the permitted limits,then: (a)any such loan charge shall be reduced by the amaunt necessary to reduce the charge =
<br /> 7 to the permitted limit;nnd (b)any sums already collected from Borrower which excceded permitted limits will be refunded to `
<br /> ��••M1',_:�...
<br /> • Borrower. Lender may choose to make this refund by �e,ducing the principal owed under the Note ar by making a direct � T'
<br /> '� � ° � payment to Barrower. If a refund reduces principal,,the reduction will be treated as a parti�l prcpayment without any �
<br /> � � .. prcpayment charge under the Note. �
<br /> �� 14.Notices.Any notice to Borrower provided for in this Security Instrument shali be given by delivering it or by mniling -_
<br /> � • � it by first class mail unless applicable law requires use of another methad.The noticc xhall be direct�:d�o the Property Address =.—
<br /> ° � � � or any other uddress Borcower designutes by notice to L.ender. Any notice to Lender shell be given by first class mail to _
<br /> ��; � � ��_ I.ender's address stated her+ein or any other addres, Lender dcsignares by notice to Borrower. Any notice provided for in this '�`
<br /> " � ` � '•���•~ � Sacuriry(nstrument shall be deemed to have been given lo Borrower or I.cnder when given as provided in this paragraph. �
<br /> �� ^ �• ' 15. Governing Ls►w; Severabilfty. This Securiry Instrument shnll be governed by federnl law and the law of the `'°"'
<br /> �-:
<br /> � �� • . jurisdiction in which the Propeny is lacatcd. In�he cvent that any provision or clause of this Security instrument or the Note �.�
<br /> � � ,�� conflicts with applicable luw.�uch con0ict shall not affect othcr provisions of Ihis Sccurity Instrument nr the Note which can be �" �°
<br /> given effect without the contlicting pruvision. To this end the provisions of this Security Instrument and the Note are declared � !,
<br /> �� � to be severablc. �
<br /> 16.Borrower's Copy.Borrower shall Me given one conformed copy ut'the Notc�►nd af this Securiry Instrument. �
<br /> _ - .. . �ao2� sl�o f
<br /> ' � - �lAC�3019�NE/4 v,°••��e
<br /> i
<br /> �
<br /> • , ,
<br /> � ,
<br /> • V �:. � '
<br /> � ; , � __ _ _'
<br />
|