|
-��,r•�.
<br /> �� . .. t.
<br /> _ `� � • .:_�'
<br /> * � ,
<br /> .�.`; • - -.... .
<br /> �
<br /> _ � I@3' sc�o�ss
<br /> P�Y��Y oo lou�cr be raluirod.u the aption of Lender�if mort�e inwnnx voverqe(in tbe unount and for tba perlod
<br /> drt t,a�der r�equlre�)provided by�n i�wnr�ppr�ved by i,eader a�ia beconw�wN�bk�ud is abt�ined.8orrawcr ab�ll pq
<br /> t6e pranivar�equirod w�a�innin mortp�e iawracwe la qffea.or W provide a loss raerve�unt�l the roquiraneat tar mw�y�/�
<br /> iawrmoo enda in��xwd�noe with�ny�wriuee�reement between Bortower�nd l.ender or appltc�bk I�w. " '
<br /> !. Irpectsoo. l.ender or ip a�ein rray m�ke reMOn�EIe enMa upan�nd In�pectiau ot Uw P�npe�ty.Rwnd�r�p iiw
<br /> Borrowm�notEce�t tbc time of or prlor to an Itupection�peclfyfn�rcawn�ble cauw Wr the i�upo��ion.
<br /> 1�. Caadrwtion.The p�oceed�ot aty �wud or cWm for d�n�a. diroct or wn�equential. in ootu�aybn wllh arty
<br /> eondenuWion or ati�W�in�ut�y pwt of the Propetty,ur Wr wnvey�r lo Iteu of conda�umtlon,�re hereby�elsned+�d
<br /> �hdl bo pW to l.er�.
<br /> In the event ot�twal�akin�oP tho Property,the proveod�slull be ipplied to the wnu�aa�ral by thi�Socudty lrotruman,
<br /> whethe�ae not thrn dao. wlth�ny excess p�id to Borrower.In tha evan oi p pRetld takinQ af the Property in which the fair
<br /> m�rket valuo of tho Propeny inunediuely beforo the taking h oqual w ar aneater than the�mouM of Ihe wms tecurod by thL
<br /> Socu�ity l�utrument immedi�tely beforo the taring,unlesa Borrower wid l.ender othenvise agroa in w�tin�.the auma txurod by
<br /> thi� Security Iralrument shall be roduced by the amount of the pmcoeds multiplied by the follawing fr�ction:(a)the toW
<br /> �ur►ount of ttUse wms securd inunediately bofo�e the taking.divided by (b)tha fair muket value of the Property ieunodiately
<br /> before tho Wcing. Any b�loncc slwll be pniid to Bomower. In the cvcnt of a putia)taking of the Property in which �he fair
<br /> m�rlcd value of the Property immedintely beforc the talcing io less than the artwunt of the sume securad immedi�tely beforo Wa
<br /> taking,unle�s Borrower iud l.ender dhcrwfse agroe in writ�ng or unlecs applic�bla law otherwice provWes.the ptooeeds�II
<br /> be�pplied W the sums savred by this Security Instn�ment whether or not the sums are then due.
<br /> !f the Pmperty fe abandoned by Borrower.or if. aRer�wtice by Lendcr to Borrower tlwt the oordemnor offas to mare an
<br /> .t awaM or xttle a cla�m for demages.Borrower fails to r�nnd to I.eader within 30 days after the date We noticc la given,
<br /> a ' i.ender is authorized to oollect and apply the procwds. �t its option,elther w reswratlon or ropair of the Pnoperty ar W the wms
<br /> y..
<br /> cxured by thia Sxurfty Instnunent,whcether or not then due.
<br /> Unless Lender and Borrower atherwise agree in writing, any applicntion of proce�als w pr�ncipal shWl not extend or
<br /> , poctpone the due datc of the monthly payments refcrnd ro in peragraphs 1 and 2 or change the amount of such paymenls.
<br /> +..� , 11.Borrower Not RdeASed;Forbesupuce By Lender Not a W�iver.Extension of the time for payment or madificwtion
<br /> `' of artartization of the sums secured by this Security Inst�umeM g�nted by I.ender to any successor ln inte�tst of Borrower shall
<br /> not operate to rcicase the liebility oi the original Borrower or Borrower's successors in interest. Lender shall not be rtquirod w
<br /> . �` commence pnocadings against uny succassor in interest or refuse to eatend time for payment or otherwlse modify amortizolion
<br /> `�'-'�"''f of the sums secured by this Secu�ity (nstrument by rcason of any demand made by the origi�wl Bomowcr or Borrower's
<br /> 1�F;�ti�:
<br /> successors in interest. Any forbearanco by I.ender in cxercising any �ight or remedy ehali not be a w�iver of or proclude the
<br /> {'�•� exercise of any right or reraedy.
<br /> '��,� 12. S�o�s sm� AsslRris Bound; Joint pnd Severol Liability; Co-signent. The covenonts wd pgmmenta of this
<br /> ' �� ,��;� , �-.�� .•� Socu�ity Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to tha provisions of
<br /> "r!`,`,:' ..
<br /> �'•�'��F�1t��'i%� paragnph 17. 8orrower's covenants and agreements shall be joMt and several. Any Borrower who co-signs thia Secur�ty
<br /> , �a;�.,.�;f��.�,,,.:'.
<br /> �c;,.;�,r'.� * ���t�,;tt;;';;:.� Instrument but does not execute the Natc: (a) iw casigning lhis Security Instrument only to mongage, grant and convey that
<br /> ;;�;�(,•; 'f�_��.:t,;.„� Borrower's inlereat in the Property under the terms of this Security Instrument;(b)is not personally obligatod to pay the sums
<br /> r�,• � :.';'�t��••� .�� secured by this Security Instrumenr,and(c)agrees thot Lender and nny other Borcower may agree to extend.mud:fy. forbear or
<br /> r:,� "+°:::��{;�•;,,,,k,�`� make any accommodations with regard to the tenns of this Security Instrument or the Note withaut ihat Borrower's consent.
<br /> j `:: �r'`'.':'�� ''•;. :�G:`. 13. Loan Charges. If the loan secured by ihis Security Instrutnent is subject to a law which sets maximum k�an chArges,
<br /> � � �'" and that law is finull inte reted so that the interes� or other loan char es callected or to be coUected in connaction with the
<br /> : . .,,�:��.,. �.: Y T R �
<br /> , ;�,. � ; • � _-.,,., loan exceed the permitted limi�c, �hen: (a)nny such laan churgc shnli be reduced by ihe umount necessary to reduce the ctiarge
<br /> : .�' '''•�°`� Y� �' to�he permitted limit:s►nd(b)any sums alreudy collected from Bonower wbich exceeded permitted limits N�ill be refunded to
<br /> •�.Gr►�:�..,.. . . .
<br /> f���.,�•��•k � Borrower. Lendcr may choose to muke this rcfund by rcducing the principal awed under the Note or by mnking a direct
<br /> ��:i . .
<br /> �;�;/f: ���'•"��"'`' '`' 1� payment to Barrawer. If u refumi reduces principal, the rcduclion wiU be treuted as a partial prepayment without any
<br /> ��;Y•',� ,��- '�°� r�r,�;� P�PaYment charge under the Note.
<br /> {y' .. � , �s:. „
<br /> �lf,,,, •, 5,��-, 14. Notices.Any notice lo Borrower provided for in thic Security Inslrument tihull he given by delivering it or by muiling
<br /> �, . ; .�;.
<br /> ' �� • it by first claa�mail unlexs opplicuble luw requirer u,c of urnnh�r method.The natice�hull be directed to the Property Address
<br /> � .�[-.�-,._•.... '-_
<br /> '� �...•. "-;� or any other address Burrower designntes by naurc ta Lendcr. Any notice to Lendcr .rhull be given by first class mail to
<br /> .�;,e�,, ' • � K, �. " Lender's address stated hcrein or any athcr adJr��,.L.cnJer Jc�ignu�c.by notice tu &mowcr. Any aotice provided for i�this
<br /> ;?;,� 5 •.�tyr��}:.. `
<br /> .4��,i�,.. , - �� •r� , Securi�y Instrument shull be dcemeJ co huve tx�en given io Borcuw�er or Lender when given a�provid�d in this parogreph.
<br /> ���!f'�t4' t, i.:�.',r-•. � ir��di1} �
<br /> �q , 1S. Coverning Law; 5everablUty. 'I'his Security Inurument shall be govenxxi Ny federal law and the Ivw of the
<br /> �;tF..,
<br /> �.. �;,. ,+�� ��:� ` jurisdiction in whieh�he Propeny is loc�ted. In �hc evem thut uny pru��isiun��r clauk of thi.Security Intitwmem ur the Note
<br /> cooflicts with npplicable luw, such conflict shall not affect�ither provisions of this 5ecurity Instrument ur�he Note which can be ��
<br /> - given effect without the confliriing provision. T�i this end tlk pru��isiom of this Securi�y In�trument and the Nwe ure decla�etl '�{• �
<br /> �= f�, to be severable.
<br /> �� 16. Bomuwer's Copy.Borroe•er shall bc givcn unc runl'ormed c��p}•of thc Nute anJ uf�hi�,S�tiurity Imtrunxnt. `
<br /> � � Form 3028 9190 i�.''::
<br /> �i � Paya 4 0�6 ..
<br /> � � • . �.L;..
<br /> It` � �,
<br /> t�,, e..f..~� ^ 4 , ' _ .,.. ... �. ., _.---- -, - ' - — ---„—„_�. , . :x.:.,--- -;-'_-- -,- - "
<br /> ,�,y' �;a�.�w.wa:'S.,�.
<br /> �. ,
<br /> �: � .
<br /> �� y ' � ,.,� .. .
<br /> ';�, .�..•,., , � ,
<br /> 'ar:.w::.. . •. .
<br /> tr � .,„ .
<br /> ,: , .
<br /> ;::iu�G.....r,iliMr..� �� .. �
<br /> '%ZA�"�'ft�:-.A-. . . � . �.
<br /> ;b��.•1.,+^��� U - ., .• .. . .... . '�.``��� ,. � _ ..
<br /> �. .
<br /> h.. , �
<br />�t. " . �^�- . . � ..
<br /> f
<br /> � }� ± .
<br />
|