|
,.:•-airyii;r�
<br /> i- .
<br /> ! �a •!.
<br /> -�.FY � ' _ lpy,t �
<br /> _ iSn� `�✓�
<br /> . ,
<br /> .... ....._
<br /> - l93- io�sx
<br /> �t the option ot Lender,it mort�e ineuranca cuveta�e (in the smount�nd tar the period that Lendar roquirai)
<br /> provlded by�n lruiurer approved by Lendo���ain becoma�v�il�ble�nd io obtifned.Borrower ehstl p�y tltie p�en�iums
<br /> roquirod w m�inuin mort��e insuance in eftect,m tA provide s loes roeetve. until the requirement to�mortpi�a
<br /> imunnae anAa in uxord�nce Nith�ny w�itten��reement betWean Borrower�nd l.endar or applic�ble I�W.
<br /> 9.I4�ppotlon.I.eruler ur it�a�ent m�y mdce ra�omble entriea upon md inspections of the Property.Lender�lull
<br /> �ive HorroMar natice at ths time ot o� or to�n irmpection epecityin�raeonable cauee for the inspeotioo,
<br /> 10.Condemnstion.The ot�ny�ward or alaim tor dam��a,direot or coneequent�al.in conneotion Mlth
<br /> �`'' -`.;�;s'�� my a►ndemn�uon or other ukin�at,atry p�rt ot the Pmperty�m far conveyance in lieu ot condemnat�on��ro heroby
<br /> :; �;,. wiQnal�nd�hdl be p�id to I.oncbr.
<br /> `? ry,' _ In tha evant of a totel tekina ot tha 8ropmty,ehe proceede ahall be applied to the sums exwed by this Security
<br /> �,�,�,, Inntrum4nt,Nhether or nat than•dua��1t#�any e:cese p�id to Borrowet.In the event ot a partl�l t�icina ot the Propercy in
<br /> � ,.;;;�;.:.�, �,;� �rhiah eha fair maricet v�lue�at tba Propercy immedintaly beforo the ukina is equal to or�rater sh�n the amount ot the
<br /> ,- .��Y�.:� ��.: eumt�aecurod by thia Seouniqr Instrument immediataly betoro the takin�,unla+s Borrowor and Lender otherwlse a�roe
<br /> : '#s':��"� �•� ' in Nriting,tha sums eeoimad by thi�Soaurity Instrumant eh�ll be reduced by the amount ot thc prcxeede multiplied by
<br /> �',�;;;�,,,,f„�;•,�` the tollowing tnation:(�)ti1►e totel�mpunt of the aums eocured immediauly betore tho tskin$,divided by (b)the f�ir
<br /> ���,�- • m�rket vslua af the�Property immediately betoro tha taking�My bdance sh�ll ba p�id to Borrowar.In tho event ot a
<br /> �t�,,:.z�,aw�r p�rtid ukin�of tha 1'roperty in which the tair market valua of�tha Pr+aperty immodiately betore the uicinR is lese tlwn
<br /> � the�mount ot tho sumA eeaurod immedi�tely beforo the taking,unless Borrower and Lender otherwieo��eo in writin�
<br /> :,���� �':'�%�µ�:�`���4+ or unlaea spplic�bla laa otharwiaa prov;4ea. the procade ah�ll be appliod to the suma eavred by thie Security
<br />� �''' � � Inatrument whether or not the sums sro tban.due.
<br />.t •.. i�'
<br /> � lt tha Proparty is sbndoned by&►rrow�er,or i[.sitar natice by Lander to Bom►wer th�t the condemnor oftere ta
<br />� � i. m�ke an sward or eettle� clrim tor damA6es� Barrowor fails to�ond w Lender within 30 days dtar thc date the
<br /> ' notice ie�ivon,Lcndar ia�uthorized to coliect snd apply tha proceeds,at itsopdon.either w rcatontion or rapair oi the
<br /> - ' Property or w tha sums secured by this Security Inatnumant,wheiher or not then duo.
<br /> � Unlsse Lendor and Borrower otheraise�¢re,e in aricin�,eny�pplication ot proceods to principal ehpll nut emend or
<br /> postpone the due date o� t6o rnonthiy paymants rafarr�d ta in�paro�nphs 1 and 2 or chtn�e the amount af suoh
<br /> ' ,;.;. Wymants.
<br /> � 1 I. Borrower Not Releaaad; Forbearance By Landar Not a W�ivor. Exteneion ot the time for payment or
<br /> � modificwtion of amartiaetion of the sums secured by thie Security Instrumant grsntcd by I.,ender to eny suceess�r in
<br /> intat�cat of Borrow�r shell nat opanta to relesat tha liability ot the original Borrower or I3orrower's stwcessors in
<br /> intarest.Lender shell not be required to commance proceedings ag�inst any auccessor in interest or retuse to extend
<br /> ' tima tor paymant or otherwiae mvdity emartization of the sums secured by this Security Instrument by rcason of any
<br /> demsnd made by the oci�inal Horroper or$orroaers auccessors in interest. Any torbearance by Lender in exarciein�
<br /> my ri�ht or remedy stwtl r�t be a waiver ot on pneclude the exercise of any right or remedy. �
<br /> 12.Succeasors tmd AssiYne Sound;Joiot snd Sevenl Liability;Co-si�ners.The covenenta snd agreements +'i'.'���� � �
<br /> . --------'---- of thie Seeuriry insuumrnt shall 'dind and benofiL ch6 successora and assigns oP Lrndcr and Burruwvr, subja:t ta ti� `�`-'
<br /> proviaions of paragraph 17. Borrowcr's covenanta and egreemante shell be joint�nd several.Any Sorrower wha co-signs F:-, •
<br /> • , this Security Insuument but does nat ezecute tha Note: (a) ie co-signing this Security Inatrument only to mortgaEe. �`�;�"!�,"�!.,
<br /> ' ��'•~ • grant and conti�ey tDat Horrower's intsrest in tha Propeny undar the terms of this Security Instrument; (b) is not ��',• ^
<br /> ',��;.ti.;,; parsonally obii�ated ta pay tt►e sume secured by thie Security Instrument;and (u)agrees that Lendar and any other , +!�
<br /> _ : Borrower may agree to exe�nd,modify.torbear ar make ony accommodations with re�ard to the terme of•thla Security y , .
<br /> T � Inetrumant ar tha Notc without thet 13mrrower's conr,ent, � '
<br /> '� 13. Laan C6srYes.I�tha loan secured by this Secority Instrument is subject to a taw which seta maximum lam � �,E
<br /> � cherges, and thet law is tinally interpretad so thet the interest or other loan charges collected or to be collected in � �,^
<br /> •�r • connectian with tha loan exceed the permittad lirniu, then: (a) any such loan charge shall be reduced by the amount
<br /> ;., necessary to reduce tha charge to thn permicted limit; and (b) any sums already collected Irom Barco�er which !
<br /> exceedad permitted limi� e�ili be refundad to Burro�ver. Lender may choose to make this refund b3• reducing the j ,
<br /> j �,� ' principal owed under tho Nots ar b��making e direct paymant to Barrower.If a retund reduces principal.the reduetion � ,� ;.
<br /> '" • aiU ba treated as a pertial prepayment.without any prepayment chor�e under the I�'ote. , ..
<br /> � • 14. Noticea.Any notice to HorroNer pro�•ided tor in thisSecurity Instrumentshall be givan by deliverin�it or by �
<br /> ��'�:��. ''• � mailing it by first cles�mail unless applicable law requires use oP another mCthod.The notice shall be directexl tn the •
<br /> - Property Add�+ess ar ang other address}3orrower designates b��notice to l.ender,Any notice to I.ender shall be given by ,�
<br /> ' � '�•� tirst class meil to Lender's addt�ess stated herain or any other address I.ender designates by notice to $orrower. Any .
<br /> '�`�'� ' :�:���:;�. notice providad far in this Secvritp Instrument shall be deemed to have been gi��en to Borroweror Lender when gi�•en •
<br /> t�` `; `.� `';. oa providad in thie paragraph. ' � ��
<br /> � IS.(3overninQ Law; Sever�bility.This Secarity Instrument shall be g�verned by federal law and the law of the
<br /> r , '`;;�:��,� jttrisdiation in whiah the Property is located.In the e��ent that any provision or clause ot this Security lnstrument or the '
<br /> . �iote confliats with appliceble Iaw,such conflict shall not affect other provisions of this Securit�•Instrument ar the Note
<br /> . whiah�aon be given efPect without the conflicting pro��isi�m. '1'o this end the provisinns of this Scrurity inatrument and
<br /> the Nnte are declered to be severable.
<br /> ; � � �
<br /> ' " ' F�rm 302t !/80
<br /> ' � �•BR��O�o3LOt oq.� o�a InNials� .
<br /> �r,�; .
<br /> ''.�tt. - � . . '
<br /> • ` . . .
<br /> � - .. .r,��r.:, - , .i . . . . . � -
<br /> . ., . . .}.. , . � .
<br /> ' . . •�.— - '-- _. . �.
<br /> . '-' !�T"'-.. . _/ .
<br /> <
<br /> ' �!
<br /> !
<br /> � ' E
<br /> 1
<br /> • � ��
<br /> I
<br />
|