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<br /> _ . , RE-RECOItDED 93" ��,95 • i
<br /> • • 8ortow�r m�y aus woh • dM�ull �nd tMnatat�� p provid�d h pa�pmph 1B, by owsin 93�otlon�f����� bo
<br /> . ' • ' d�mlas�d wllh�rulNV lh�t�In l�ncNr'�pood f�llh d�tmnkwtlon.Pr�ludn IorlNtun of tM Barowr'�Int�ntt h th�Ropwty a
<br /> �• othw mrtwMl Inpdrnwd of th�Wn an�t«!by 4hb 8�aiiity In�kummt ar L�nd�r'�aroiufty Int�t. Borrowr►�h�M�o ba In
<br /> dMMA!If 8ortowR, diukip th�loan�pplatbn prooM�,O�w nwt�py 1��a Inaoa�U hfotm�tlon a�t�t�k to Lmdw(or
<br /> t�hd to provida L�nd�r wNh ony n1�tMhl Intom�Uon) In aonn�ollon with ih�lo�n �vid�nad by lh�Not�,Nolut/np� bul nof
<br /> NmN�d to, npns�ntWon� oonoMnhp BoROwr'� 000up�noy of th� Prop�rty er � pY�olprl rNW�na. H thb B�aiAry
<br /> InsWm�nt Is ae• IMOhoid, 8orro�ww �h�M oon�ly wNh Y th�providons of tb�Iww. q Bortoww�oqulrM IM tlIM 10 ih�
<br /> ,.;„ ..�� P�o�,wtY�th�bu�hold�nd 1h�IM 1NN�h�N not m�►p�uata�L�ndw�pnN to th�m�r�r In wrlanp.
<br /> ' 7.Prat�olion af I.�nd�r's iilphb In tti� Prop�rly.p eorrow�r 1Ws w p�tonn�h� cor�nts�nd�prMnMnts
<br /> aonLln�d b thb B�auNY In�kummt, or th�n b� ipd Proe�nO th�l m�Y slpnMo�oW �N�ol Und�r'� �Iphls N th�PropKty
<br /> ;,,. •..,?s, ,e. puob a�� prooMdMiO in bW►kruptey�P►ob�i�,ta condmwution a tal�ltun a to rnfora I�w� a rpul�tlon�i. lhm L�nd�r nwiy
<br /> �;:;f� do�nd pty Iw wbtlw�►is n�aewy to prot�ot th�vuu�of th�Prop�iy md Land�r'�rlqhu In liw ProprAy. Lmdw'��oUon�
<br /> � . r' nwry Inalud� Ml�O sny wm� aaund by � Wn whbh hrs prlo�iry ov�r Ihla S�ourily I�strum�nt. �p in aouA� P�y�na
<br /> , ',�`�.'�` . n��onabM�pom hp�nd M1tMlnp on ih� Pr wry to m�a np�k�. Allhouph L�dr m� Wu�oflon und�►Ihb h
<br /> _ .,,•;q..^t M' aP Y P�Y�P
<br /> 4� �''�"" ' 7,l�nd�r das eot hw�lo do w.
<br /> .�' . _.. . My amounb 6�buroed by L�nda und�r p�npr�ph 7 ehal baoma�ddlUon� debt o1 8orrowsr acured by thl� SsairMy
<br /> ,��;�,,sa,�..,,:iS,�, • Insdumwit. Uniws BoROwK �nd Lridr�pra� to otha�t�ms o1 p�ym�nt. tha��mounts �h�ll bMr Int�t hom th� d�t�of
<br /> ,.. t ' ',� . , disbursNnent�t the Note rate�nd�A�M be p�yabN,wilh intemt.upon nollae irom Lendu to BoROwar nquatlnp payment.
<br />�;,"= �.��;� 8. Matg� Inwrane�. N leoder rsquind morty�ye Ineunnee a� � conditlon ol m�kinp th� lan secund by thla
<br /> 4 {"' �`• Ssoudty Insdunw►t.Bor►ower�h�Y ths ms nqulnd to mdnWn th�mort
<br /> ,:.i �. .,, ;;.,,::. PaY P►� O�W M�sunncs in eff�et. IL for�ny rMaon,th�
<br />�,�.;:= � �.���. -.. moAptp�Inounnas covengs requiral by Land�r I�paea a ce�aea to be In Nf�at.Bortow�shRN p�y tha pranlums nquk�d to
<br /> ;:.:r�,;::- ��.• � ;, � ,. obtak� coverap�suMtanthYy equlvalent to ih�marty�pa insuranc�provlously in ell�at, tl a cost wbshnd�Ay squhalwit to ihs
<br /> '�"����� "'?� '� ,, .K. cost to Borrow�r of ths morlya�a Insuruies provlousy In eHect, irom �n albm�te mortpap� Inwrer approved by Lender. fl
<br />�._. .. 5�.��•"�..,.
<br /> � . �ubsUnWNy�quivaNnt morty��s insunnc�coveaips is not�v�We,BoROwer shall p�y to Lendu e�ch month �sum�qud to
<br /> � ; • ' ° on�twdRh of the ye�uly moAy�pe insunnoe premium beinq pNd by BoROwa wh�n ths Insuruics cavaraya I�pssd or ea�sM to
<br /> �� ` be In dfsat. Lender wNl aeeept, uss�nd►at�M� th�se p�yments �s� loaa naerve in Ileu o1 moAy�ye hsunnce. Loaa mana
<br /> " `� paymmta m�y na lonper ba�equkad,�t ths opdon o1 Lender,N moAgepe inauruics coverays(in the amouM and for ths pwiod "���,
<br /> ., ih�t Land�r roquires)provld�d by�n inauror approvsd by Lender�ysin b�eomes wW�ble md Is obWnsd. 8ortowar ehd pay " `+~~� .
<br /> � the premiums nquked to mdntek� mortpage inaurance In a(lecl, a to provlde� loas reeerve, untY ihe nquk�mmt tor mortpape �.�i.r„
<br /> ��Y;;, i .. . Inwrance ends in aaord�ncs wilh�ny wrNten ayreanent between Borrower u�d Lender a applicable law. ;dsr
<br /> .•�;" . � 8. Insp�ation. LandK or Ns apsnt m�y m�ke re�ao�u6le mtriea upon�nd Inapedlons ot ihe Propsiiy. Unda shaU pNa
<br /> ' . Borrower noNae�t the tbne of or prior to an Inapectlon apecllytn�raasonabla cause for the inapecllon. ,� �-� •"'
<br /> . . . ;-•. 10. Co►Id�ftNNtlOt1.Th�proaeeda of�ny�ward or claim for damages, dke4M a conasquenWl. in conneclion wNh any • '±,.:
<br /> ^ '�'°'� � eonde�m�ilon or othe►t�kinp of�ny put oi tho PropaAy. or for comeyanca In Ilw of eondannatlon, ue h�reby aseipned and
<br /> ,.. ,�r� , '� . shall W paid to Lwider.
<br /> ° • In the event of � totd taWng ot ifie Property, the proceeds shtll be applied to the eums aecured by thle Seaurfty �, !
<br /> ., ,�',�,. Instrument,whnhe►or not then due,wHh�ny exoesa paid to Br�ROwer. In iha evenl oi a puUal iNcinp ot the PropeAy in whlah �•'.'.:.�� .
<br /> � th�hk m�rket valu�of tha PropeAy Immed4�tely betore the takin9 is equal to or qreater than ihe umunt o1 lhe aume aacursd "`;"�'
<br /> __—..;i.:�:;;.__,_,; by ihle SawiSty inatrumar�i Immedfate{y 6etors tho taWng. unl�: 8orro�rer and Lenda othemhe apree In wrNktg. !he euma - _
<br /> � . ; securod by ihis Securily Mstrument shall be redueed by the amount of the proceeds mulliplled by 1he IoNawNg iraaifon: (a)the �f�,�i�•„�:�
<br /> : ;�t�• toUl amouM of Ihe euma secured Immedlately 6elwe ihe teking, divided by (b)the lak market value of the Property knrnediqtety ��;;Ni��,
<br /> y� befae the iwking. My baynce ehall be peid to Borrawer. In ihe event of a partlal twking o(the PropeAy in wMoh the(air market �.''.". ,
<br /> �''• value ot the Property knmediately belore ihe takinp is less than ihe amount of the suma secured Immediately betore ihe teking• r;' � � '"'
<br /> � � unlesa Bortower end Lender othe►w(se egree in wdUng or unless appNcable law othmviae provldea. the proceede ehaN be y� .•.. :ir�-
<br /> appAed to the auma nacured by this 3ecurlty InaWment whether or not the auma are lhen due. ' ,
<br /> �a '�' If th� Prop«ty la abendoned by Bortower, ar M, arier�olice by Lender to Borrower ihal the conde�nnor otlers to mnke an �
<br /> awud or aeUle e daim for darn�ges. Bortowe►fails to reapond to Lender within 30 days erier Ihe dete the nopca Is gHen.
<br /> +�; Landw Is authortzed to colieot and epply ihe proceeds, at its opUon, eilher to reatoralbn a repelr of the PropeAy or to the I :
<br /> sums aecurod by:hla 3ecur4y Instrument,whether or not lhen due.
<br /> '�' • Unlesa Lender and Bortower otherwise ayree in writlny, any applicaUon oi proceeda to prindpal ahaU not extend or '
<br /> poatpone ihe due d�te ot the monthly payments reterted lo in paragraphs 1 and 2 or chenqe the wnaunt ol auch paymente.
<br /> 11. Borrow�r Not Rolaasod; Fo►boar�ncv By Londer Not a Waivar. E�lenslon of the Iime lor payment or .'
<br /> ' modHicatbn oi nnorlitrtion of the aums secured by this 3ecurity Inslrument granted by Lender to any successor In Interest ol
<br /> Borrower shall not operate to retease the Ilabllily of the originel Bortower a 8onower's successora In Interest. Lende►shell not .,
<br /> be requked to commence proceedings egainst any auccesaor In Interest or refuse to exlend 1Nne ior pryment ar otherwlae
<br /> �, mocNly emorlbatbn ol 1he aums secured by ihis 3ecudty Inslrument by reasoe oi any demand made by the origlnnl Borrowe►or •
<br /> Borrower'a succeaaora in Interest. My lorbearance by Lender in exercising any right or remedy shap not be a waiver ot ar
<br /> " preclude the exerciae oi any rlght or remedy.
<br /> 12. Suocas�ors and Assigns Bound; Joint and Seve�al Llability; Co-signers. Tne covenente ana •
<br /> agreementa o1 Ihia Securfty InsWment shaA bind end benefil the auccessors and asalgns ot Lender and Bonower,aub�eot to the
<br /> ���.�•�. prorislona of puagnph 17. 8orrower's covenenls a�d agreements ahop be Joint end sever�l. My Bortower who co•signe ihis ,,.
<br /> Secutity Inatrument but doas not execute the Note: (a)Is co•signing thls 3ecurity I�sirument oMy to mortgage, grant ond convey .
<br /> � •��;;._ ',: that Bortowe►'a Int�rest In ihe PropcYty under the terms of this Security Instrument; (b) is not personally obligeted to pay the
<br /> , aums aecured by this Security InsUument: and (c) egrees ihat Lender and any other 8orrower mey agree to extend, modHy. '
<br /> '�.� • fo�bear or make eny accommodations wllh regard to the terms ol thls Securiry Inslrument or ihe Note wlthout ihat Borrower's
<br /> . consent.
<br /> ' 13. Loan Ch�1'ges. II ihe loan secured by this Secudty Insirument fs sub�ect to a law whlch aets maximum loan
<br /> ' } �, ��! cheyes, end th�t �w is finally Interpreted so that the Interest or olher loan charges coAected or to be collected In connecllon
<br /> . wNh the losn exceed lhe permitted Iknits,Ihen� (a) any such loen charge shell be reduced by the emou�t necessery to reduce
<br /> , � ihe ch�rge to the permitted limit: and (b) eny sums etready collected hom 8onower whlch exceeded permfried Ilmits wN be
<br /> • . , . ! refunded to Borrower. Lender rtwy choose to mnke this refund by redueing lhe principel owed under the Note or by making a �
<br /> ' .. ' dkeet paymmt lo Bortower. N a re(und reduces pdncipal, the reduction wlll be Ireated as a part�al prepayment without any
<br /> , ' prepaymw�t ch�rge under the Note.
<br /> 14. NOtICO�.My noUce to Borrowe►provided tor in this Securiry Mslrument shep be given by delhrering it or by maiYng It
<br /> , . . by tkst cl�aa rmfl untess app8eable law requkes use o1 another method. The notice shall be dKected to the Praperty Addresa
<br /> � E a any other add►ass 8orrower deslgnates by notiee to Lender. My noGce to Lender shaU be given by fkat cleas rrwY to
<br /> ' � Lender's address aated herein or any other address lender designetes by notice to Borrower. Any notice provided lor In Ihls
<br /> .�.0�_��_.W.- �_....�..._....�........, o.........�....��..a�....�.�.. ..i..... ....u...��.. .�:. ..�
<br /> —. _. . . . uiw�i.j w- : . ..v .v ,y..�..... ..... ... � . . ....... y..... .'.j.:.. ..... .....r M.."..y:.q....
<br /> � 1S. �ovorning Law;�$a�lY�AbiINy.,This Security Instrument shaA be govemed by federel law end the aw ol the
<br /> � �udsdktlon In which ihe Ropetty la located. In the event that eny provlslon or clause of this Security InsWment or the Nnte
<br /> � f,- conMcla wNh�ppliubte Vw, such eonflict ahell not aifect other provislons ol ihfs Securiry Inatrumcnl or the Note wh�h an be
<br /> �� I yiven M�:t wNhout the conNctlng provision.To Ihis end the provislons ol thfs Securily InsWmenl�nd the Note ue declared to
<br /> i
<br /> ; ba severable.
<br /> � �;' � 16. Borrovwr's Copy.Barower shall be gfven one contormsd copy ol the Note and ol thls Security Inslrument.
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