|
'•.;,�
<br /> � r�..; ;.;a:,�.... c`
<br /> ♦ � �.�{^: n
<br /> ` 93_ �o�r3s
<br /> at the option ot Lender� it mort�a�e insurance cavera�e (in the �mount and for the poriod th�t l.ender requirea)
<br /> prQVided by�n insuror�pproved by Lendar a�in baooma��vatlable md ie obtained.Borrower�hall p�y the promiums
<br /> required w m�inain mort��e insunnce in etfeot, or to provide� loes roaervo�until tho roquirement for mort��e
<br /> insutance ende ln aocord�noe with�ny wrltten��teament betaeeo Bc��rower and I..emder or applicable IaN.
<br /> 9.la�peation.I.ender or ita a�ent m+�y m�ka re�eoruible entriao upon�nd inspaatione ot the Property.Lender thdl
<br /> � �ive 6orroMar notico�t the time of or prior w sn inapeotton�peclfyin�rason�ble c�uso io�the inapeation.
<br /> '".� � 10.Coadema�tion.Tha proceeds o�any ew�rd or cl�im tor dam+�Qes,diroct or coneequenttal,in connection with
<br /> + � �r�y condemn�tion 4�athar tarin�ot any part of tha Property.or tor canvoy�nce in lieu ot oondemn�tion,aro heroby
<br /> ` n�i�ned and ehsll be p�id w I.ender.
<br /> �;r, in the event ot s totsl taring of the Property, the proceede ehall be�pplied to the sume eecured by thie Security
<br /> `,Y; Inetrumont.whether or nat then due,with�ny e=ceea p�id w Borrowar.In the event of a psRi�l ukin�ot the Property in
<br /> whioh the tai�msrket v�lue of the Propeny immedi�uly beforo the ta�in�ia eqwl to or grater th�n the amount of the
<br /> ���1�'�� ''-���-����•-y eurne socurod by thie Secur�ty Inetrument immaliataly betoro the ta�ing,unlees Bormwar and l.ender otherwiee s�rea
<br /> �. 91h, L,:�i�C��. ..
<br /> .e���..•-r:•.�"'� in writin�.the eume securod by thie Securlty Instrument ehall Ix reducod by the sm4unt ot the proceeda multipl�ed by
<br /> the tollowing iraatian:(�)the totel amaunt o[the eums sacural immediataly beforo the taking,divided by(b)the fair
<br /> �,�;;;;`��;.ti;;��„{��.4i; market value af tho Property immediatoly batore tho taking.Any b�lance ehall be p�id to Borrowet. In the evant uf a
<br /> a:,::�.: . . partial ukin�of the Proparty in whiah the tair merket value ot the Property immediatoly betoro tho t�kin�ia tese than
<br /> , ,',�;;�; .;;:. , tha amount o[the eume sxurcd immaliately betoro tha tukin�,unleas Bonower and Lander otherwise a�roe in w�iting
<br /> �' .. or unlesa applioablo law otherwise provides, tha proceeds ahell be �pplied to the sume socured by thie Security
<br /> �=`�� , , Inatrument whethor or nax the sum��re than dus.
<br />�� �- `� d . � ��� It tha Property ie ab�ndona!by Bonrower,or if.�tter notica by I.endm to Borrowar that the condemnor oltera to
<br /> • ���Lµ`.�:t. �.w�r:,.0,.i
<br />��. •�5-�`",, � . ��.r� meke an award or settle a claim tor dsme�ee, Horroaer faila to respand to Lender within 30 dsys after the date the .
<br /> � , ; . �`�� . , . � notice ie�ivon,Londer ie�uthorized ta callect and apply tha procads,at its option,eithar to reetoration or repair of the
<br /> '�� `" � ' � Y Pruperty or to the suma secured by thla Security Inatrument,whether or not than due. ,;
<br /> �. � � Unless Lander and Borrowor otherwiso a��ee in writin�,�ny application of proceeds to principsl shell not extend or .
<br /> ` '� � pr>stpone the due date of the monthly paymenta roterred to in paragraphs 1 and 2 or chenQe tha amount ot euch
<br /> '',>� P�Ymenta.
<br /> ' ' : 11. Borrowet Not Released; Forbearaace By Leador Not s W�iver. Extonsion ot the time tor psyment or
<br /> � � . : moditication of amortizetion ot the aums secured by thia Security Inetrument grented by l.ender to any succe.ssor in �.. '
<br /> '.• ' . .. interost ot Borcower ehall not operete to release the liability ot tho origine) Borrower or Aorrower's auccessore in '"•�`v�
<br /> �' , intESrcst.Lender ehall not be raquirod to commanve procading9 againet any auccessor in intercst or rotuse to exund .��..���`��'��
<br /> ' ; � � time[or paymant or otherwise modify amortization ot tho suma securcd by this Security Instrument by reason ot any
<br /> �`�`�' � �.. ' � � �, ��°�`: dernand mado by the ori�innl Borrower or Borrower's auccessora in intorest.Any torbesrance by l,ender in exercisin�
<br /> {� ,'.... ' ,.�'`.j any ri�ht or remedy ahsll not be a aaiver ot or preclude the aYercisa of eny right or romedy.
<br /> ' �• °•.;;;, IZ.Successoss aad Assi�ao $ouad;Joiat and Severd Li�bility;Co-al�ners.The coves►anu and agreements
<br /> _,�: _ ���.� -•-
<br /> -� �� : "�7.��' ofi tfue Security Inatrument ehall bind end bonaiit the successora and assigna oi Lrnder snd Borrower,aubjoct to tha
<br /> �'` , � provisiona of paregraph 17.Borrower's covenants and agreemonts ahall be joint and several.Any Borrower aho co-signs rr»�
<br /> thia Security Itistrument but does not eaecute the Noto: (a) is co-signing thia Security Instrument only to mortgege,
<br /> , . .,:,�:' grant and convey that Bnrrower's interest in tha Property under the terms of this Security Instrument; (b) is not '�;,,,:`;�;• ',
<br /> • • parsonally obligeted to pay the sums secured by this Security lnstrument;and (c) egree.s thet Lender and eny othar '°^'a•
<br /> i�;.' �
<br /> �:� ' Borrower may agree to extend,modity,torbear or make any accnmmodations with re�ard to the terma ot thie Security ;t;+.��^ir;
<br /> �;,, lnetrument or tha Nota without thet Borrower s consent. �
<br /> � • 13. Loan C6sr�os. It the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br /> �11"� � . con�ion w thathe loanfexc'eed the�rm�itted Ihmits,then:(a ny such loen charge shell be reduced by the'amo nt '� �
<br /> '�'. . '. . nocessery to reduce the charge to tha permitted limit; and (b) any suma already collected from Borroaer which �
<br /> �r . exceodod parmitted limits will bo rctundod to Horrower. I.ender may chaose to make this re[und by teducing the ,
<br /> '�,,:��� �� ' ., principd owcd under tha Nute or by making e direct payment to Borrower.if a retund reduces principal,the reductian ; .
<br /> {;:.�- . - !wlll�2�te3�a per�iai prepayment without any prepayment charge under the NoW. , . �
<br /> �;���-' � � • 14.Noticea.Any notice to Borrower provided for in thie Security lastrument shall be given by delivering it or by
<br /> �•��,�; .� '. � • `'���"� meiling it by tiret cless mail unless epplicable law requires use ot anothe�method.The notice shall be directed to the , � �
<br /> Pmpf+rty Address or any othar eddress Borrower designates by notict to Lcnd�r..�ny notice to[.ender ehnll be given by
<br /> '�� `� '�`' � � tirst dess mail to I.ender's eddress ateted herein or any other address Lender designat� by notice to Horrower. Any �'
<br /> ;.','��� notice provided for in this Security Instrument shal) be deemed to have been given to Borrower or Lender when given '
<br /> ,,�:�.� :�,, es provided in this paragraph.
<br /> • :,.,.,.. I3.(ioverain8 I.aw;Sover�bility.'I'hia Security Instrument ahall be governed by federal law and the law oi the ',
<br /> ��;;:;�' . jurisdictian in which the Property is locatezd.In the event that any provision or clause ot this Security Instrument or the �
<br /> ! :�� •'��ti' Note contlicts with applicable law,such conflict shall not ettect othar pm��isians of this Security Instrument or the Note
<br /> ' ' which can be given effect without the conflicting provision.'To this end the provisions of this Security Instrument and
<br /> ti�::� the Note are declared to be severable.
<br /> n ,
<br /> ` � � � � F�►m 302i 9N0 '
<br /> . , �–BNINDu,oni.o+ r.a.o�e In�n�lr. .
<br /> :'�•
<br /> . �` ' ��' /
<br /> .. , � . .
<br /> . �•, _. ..... . . . . .
<br /> .. ��
<br /> �------ .. _ ..
<br /> -- �� — �----- ---.
<br /> �
<br /> ''.'c � •
<br /> ; ..
<br /> �, .
<br /> }' ,
<br /> E �
<br /> �
<br /> ,�. , _ � ;
<br /> . .
<br /> , �
<br /> � :
<br />
|