|
, T.
<br /> • ,�...._.r.. �.. �... __ .
<br />�� ._....,.,. ..__�! _� • � ..r - -
<br /> 91 1059'72 _.. .
<br /> conckmnatiao or aher takln�{af any pcut af�ite Propetty,or for conveywice in liau of condemnatian.a�e hereEy awf�ned and
<br /> ahall be puid tq Lender.
<br /> In the cvcm of u tatul �uking of the Property. tlu procecdx Khall be applied to the suma secured by this Security
<br /> in�trument,whetha cx not then duc. with any excexs paid to Borrower. In Ihe event of a partfd talcing of Ihe Pmperty in
<br /> which the feir market vulue of the Prapeny Immediately befam the wking ix equul to or greater�hun the amount of�hc Rums
<br /> � � securcd by�his Saur�ty InRlrument lmmedfately befbre the laking,unlcss Borrower und Lendcr otherwige agree in wr[ting,
<br /> Il�c sums recured by thiR Security lnxmiment ahall he reduced by th�amount of the proceeds multiplied by the following
<br /> fraction: (a)the taal amaunt aP Ihe sum� xxured immediately before�he tuking,dfvided by(b)�he fair ma�ket vulue of thc
<br /> _ _ ____ ,. � Property immediukly before the Wcing. Any bulnncc shall 6e puid to Borrower. In the event of u paniul taking of the
<br /> Property in which the fair market value af ihe Property immediately befurc�he tuking is less thun Ihe amuunt of diu sums
<br /> - secured immediutely 6efore thc taking. unlesa Borrower and Lender atherwlse ugree in w�iting or unless applicAble law
<br /> _ othenvise provides,the praceeds shall be applied to the aums secured by this Security Instrumont whether or not the sums are
<br /> then due. '
<br /> If the Propeny is abandoned by Borrower,or if,after notice by Lender to[iorrower that the condemnor offcrr:�o make
<br /> — -- on awnrd or�eule a claim far damages,Bortower fails to regpond la Lender wilhin i0 days aRer the date the notice is given.
<br /> Lender is uutho�iud to collect und apply the proceeds.at il�option. eiiher to restora�ian or repuir of tf�e Property or to the
<br /> ^� --= Rumx secured by this Security Instniment,whether or not then due.
<br /> _- , Unless Lender w�d Borrower otherwise ugree in w�iting,nny application of proceedx to princlpul shull not extend or •
<br /> posipone tNe due date of the monthly paymentx refcrred to in pnragruphs i and 2 or changc the umount of such pAymenls.
<br /> "� I1. Borrower Not Released; ForbeAra�ce By I.ender Not A WAivea Extension of�he time for payment or
<br /> .� madification of iunortizatiun of the suma secured by this Securlty Ingtmment granied by Lender to nny successor in interest
<br /> --' of Borrower shull not operate to releuxe the liubllity af ihe original Borrower or Borrowerb succegao�s in interest.Lender
<br /> - shall not be required to commence praceedings ngainst any auccexsor in interest ar refuse lo extend time for payment ur
<br /> - -- -,.� otherwise modify emaiizndon of the sums secured by this Security Inswment by reasun of uny demand mude by ihe ariginal
<br /> = Borrower or Borrower's successors in interest. Any forbcarnnce by Lende�in exercixing suty��ght or remedy shull not be a
<br /> ='f'i;� wuiver af ot preclude the exercise of uny right or remedy.
<br /> _..;,� 1Z. Successors and Assigns Bound;Jant and 5everal l.iabilily:L'avig�era. Tha cuvenents und ugreements of this
<br /> ----�,__;7 Securiry Instrument shall bind und benefit uhe successorx und or,sign�of Lender und Borrower,subject to the provisions of
<br /> psirngraph 17. Born►wer�covenants and ngreementti shull be Joint und severul. Any Barrower who co-signx this Security
<br /> ---__n��^';,� Instrument but does not execute the Note: (a)is co-si�ning this Security Inxtrument only to mortgage,grnnt und canvey Ihut
<br /> Burrower�s inlerest in the Property under 1he tertn+of thi�Security Inxtrument; Ib)is not persanally obliguted to pay �hc sums
<br /> secured by�his Security Instrument;and(c1 ugrees thnt Lender und u�y other Barrower may agree�o extend,modify,forbear
<br /> _�;:;� or mnke any accammodutions with regurd to the terms of this Security Instn�ment or the Nae withaut �hat Borrower�
<br /> ----,� conxent.
<br /> ��.,;;,,.� t3. L�oan Ciwrqes. If the loun secured by Ihiti Security Inxlrumem ia subject to u luw which tietn muximum loan
<br /> = cherges.and that law is finally interpreted so that the imerest or other loan churges collected or to be collected in connection
<br /> -------- -- with ti�n Iomi aMCeed the permittcd limits,ttun: ta3 at�y�:uch loan rharge xhal!be reduced by the amuuns necessury to reducc
<br /> �- —��. the churge to the permitted limit;und(b)uny sums ulready collected from Borrower which exceeded permltted limits will be
<br /> .��.�=� �. refunded to Borrower. l.endcr m�y choose to muke thi�refund My reducfng the principul owed under the Note or by muking u
<br /> �;��;� direct payment to Borrower. If a refund reducex principul.the rcduction will 6e treuted us u purtial prcpayment without any
<br /> ;��_�;�. , prepayment charge undar the Note.
<br /> �;�TY.�� 14. NoNces. Any noticc to Borrawcr provideJ i'or in this Sccurity Inxirument shUll bc given by deliverin�; it nr by
<br /> -- maiUng it by first clu�x muil unlexs upplicuble law reyuircs uze uf unather method.The ncuice shall be direc�ed lo Ihe Propeny
<br /> °K�'�,:_:?,;�r Address or uny other addresx Borrawer dexignutes by notice to Lender. Any notice ta Lender shull6e given by tint cluss
<br /> -�=Y��� � mail lo Lender's uddress sluted hercin or uny ather addretis Lendcr dcsignutes by notice to 13ortower. Any noticc provided f'or
<br /> .�` �tyi,xCy�
<br /> ,.�,r;o;,,�,g,��, in this Securily Instrument xhull be decmed to hnve heen given to Borrower o�Lender when given As provided in this
<br /> �-�-:�. parugrAph.
<br /> '""'""°--��s•�ir, 15. Covernia� I.Aw: Severability. Thiy Security In+�n�ment xhull bc govcmcd by fedeml luw und thc luw of�he
<br /> �''''"Y- ��''�� urisdiction in which the Pro rt i�lacuted. In the evem that un rovision ur cluuse of this Srcurit Instrument or�he Note
<br /> �:;��.�,.�- . � � J Pe Y •' Y p Y
<br /> °---�:z:3:r�,..` conflicts with upplicablc luw,such contlict shull not uftcct other prmisions of�hix Security lnstrun�ent or the Note which cun
<br /> '���`�=.==.�. be given efFect without the contlicting provision. To �hiti end thc prrni,iiMS of�hi�Securi�y Inxtrument and the Note ure
<br /> ""i''�� � � declared to be severable.
<br /> ��.:,::�;,�c..� 16. Borrower's Copy. Borrawcr shull bc given one conti�rmcJ copy of the No�c:md of�his Sccuriry{mtnament,
<br /> �F�.'�: - : 17. 71�ensfer of the Property or a Beneficial Interest in Borruwer. 11'ull or uny purt of Nx Property��r uny interest in
<br /> --.?-�; it is sold or trunsferred(or if a beneticiul intercst in Bomowcr i,,�ild or trunxtcrrcd uixl Botruwer is not u nuturul person►
<br /> '�°3e'�•::::.�r� r.' v.•ithout Lender's prior written consem.Lender miiy.:u itti�iptiun,rcyuire immediutc puyment in full of ull .um�s�curcd by
<br /> ��- �--- � this Security InstNment. However,thiy o�tion xhull not he excrci,ed Ny Lender if excrcisc is prohibi�ed by i'edeml luw u�of
<br /> �``�'?����� the dute of this Securit Instrument.
<br /> +*�_':'=r.. :. Y
<br /> f If Lender exercises this optiun.LenJcr�hull givr D�irrow�r notire uf uccclerution. Thr notice shall provide A periad of
<br /> �'�y,,,'�`.;��{" nut les,�than 30 duys 1'rom the date the notice is delivereJ or muiled wiUiin which Burrower must pay ull zum.xecun:d by thix
<br /> �7 ��l Security Instrumenl. If Borrower fuilx to puy thrsc �ums prior �o the expirution of this �xriod. Lender mny invoke uny
<br /> ,- ��"`�'�'''" nemedics�xrmitteJ by thix Security Inxtrunxm withuut funhcr naticc�xJemunJ on BoROwrr.
<br /> . >-.,?'.��;�i' l8. Borrower'4 RiRht to Reinstute. If Bon•owcr mect+ ccrtuin cundi�iun�, Borz�iwcr .hall havc thc ri�ht �o huvr
<br /> •��.�.�::. 4,�, enforcement of this 3ecurity In,trument di.cc�ntinurJ ai any iimr pric►r lo thc e:rclier oi': (ti)5 cluys lor�uch inher Exri�xl a�
<br /> '. tiinplc Fmnily•-FunMe�fue/Freddk S1uc UNIFIIN�11�itiTRUNENT-Uniti�mi('ormum� 91�10 �puxr-t n/r��H�gr.�i
<br /> �
<br /> :� .rv;
<br /> ' ..- ,� ,� -ur.�.... . - _ . -. - - _ V . _ - ..:�.-- -,-��--.i: �_ h, a.T.-. ".ti�af'�'i;N�%�. :-.,��.,�;
<br /> � ; '
<br /> ..
<br /> ,.. . _
<br /> '°:.t.i5e _.._____' __�__. '
<br /> , . . - ._ - ' �� .
<br /> -..A1la � Y � . ' . . .
<br />— ,r ., �
<br />. �#•.�"�-�.. � .. � . ' .. . .
<br /> � � . . .� � � . , • , . .
<br /> '�:c::_. 'ri° � _ .. . . - .. - .
<br /> . �
<br /> �.r;.:..^ � ' . ,
<br />�.�: . � , . .. . .
<br /> �� •
<br /> .. � �
<br /> �.. � ,
<br /> i _ _ - _ _- - ,: � __
<br />
|