|
�` �l +.`� '�. . .xi��r.: �:�'�.},� ��1;ti�''f• .. 4- . +� , ry t
<br /> ?�!► � ��; ,+�,
<br /> ' f:
<br /> . '-...rr�����
<br /> 7
<br /> �:. -:�t��•:.'. ��'p 4 �
<br /> �" '- �t the on ot Lender, it moM i�n�e cova�aQe (in the �mount �nd To�the p��der requiro�)
<br /> �e e
<br /> p rovl b y an insurer a p p r ovod by Lendor��t in bevoma avdl�Wo and b obtained.BorroMOr�lull p a y the p r e miums
<br /> roquired to mdntain mort�a�e iiuu�anoe in eKeat�or to provide a lar ra�erve, undl the requiroment tor rnort�e
<br /> insu�anoe ad�in aoaordanoe Mith�ny M�itten��reement betwoen Borroxer u�d L.onder or�pplicabim I�M.
<br /> Q,lo�pection.Lender or it�a�ent m�y m�ke raeonabio enuia upon�nd inRpectione oi the Propercy,L,ender�11
<br /> ;;�'� � ";•'� �ive Eorrower noticx�t the time of or or to m inspeation epecityin�ra�eon�Ne c+�we for the(nepecdon.
<br /> �"-5°� � '�' 10.Coadema�ti�n.The ot any aw�rd or cl�im for d�ma�e+s,diroct or oon�equentid.in conneation�ith
<br /> ''���=•°' �:�.,�,:,� my oondemnstion or other talcin ot an rt of the Pro
<br /> _.. Q Y f+� pm'�Y,or tor conveyu►ce in lieu ot condemn�don,ue heroby
<br /> _. . - < �•'� �iQned snd ehell be psid to Lender.
<br /> ."�~� �� �� � In the event ot�total W�inP of the Proporty,the praoeods shall be applied w the sume secured by ehis Security
<br /> ' ' � � '�'���'� Instrument,whether or not then due.with�ny e:ceaa pid to Hormwer,In the event ot a partial ql�n oi the in
<br /> �;3, �`" '��}.. �,'•°'' �' whioh tho fdr m�rket vdue ot the Pro immadi�tely betoro the ta�in is u+d to or � �y
<br /> �, , perty Q eq �+eater tAan the�mount of the
<br /> '� .�� ��� � � :_,:: sume axured by this Security Inetrumant immediately betore the taklnQ,unlaes Borrower and Lender otherwi�e a�roa
<br /> ,.�. �i�• in wrttine,tha eume securod by thle Securfty Instrument elull be reduoed by the smaunt ot the proceede multiplied by
<br /> :a.>�-
<br /> ,�t'•-� . the followin�ir�ction:(a)the total�mount oT the sums aecurad immediately beforo tha ql�n�,divided by(by the tair
<br />�f ' ' " m a r i cet v a lue o t t he Proparty im m e d iau ly b e torc t ha ts k ln�.A ny b a lance a t u l l b epa i d to B orrowar.In t he event o t a
<br /> �"�R�� rtial taki of the in ahiah the tair muket value of the Pro ediatel betore the takin �e less than
<br /> r� �.,,... 2 . • �.:" W �Y �P�Y [xrtY imm y �'
<br />�'�. � �� � the�mount of the sums sxured immediatoly betorc tho taktn�,unless Borrowor and Londar otherwiee a�ree in wridng
<br /> ''- "�::�. .
<br /> '"' �?' �:- • � ar unless �pplicable law otherwise provides, the proceeds shall be applicd to tha sums secw+ed by this Secutity
<br /> I'�t?"�� ��J "'�• . � ; 't�;�' Insuumant whether or not the sume are then due.
<br /> I F .. , �,���,.Y.
<br /> , . It the Property is ab�adoned by Bon�ower,or if,dter notice by L.ender to Bornc�wcr that the condemnor otfere to
<br />` " � � �•i msl�e �n award or settle�claim tor deme�ea, Borcower iails to reapond to Lender within 30 d�ys�fter the date the
<br /> { '��:"? � '� natico ie givan�Lender is authocized ta coliect end�pply the proceals�at its option,eithar to reeooatian or rapair of the '"
<br /> ;��;�,��`,, ; � Property or to the sums socurod by thie Security Instrument�whethet or�ot then due. ��� ._
<br /> . . Unless Lender and Borrower otherariae a�ree in writing,a�y application of Proceads to principal ahall not ertand or
<br /> .,
<br /> poatpona the due date o[ the monthly p�ymenta reterred to in psnRcaphe i and 2 or chan�o the amount of euah
<br /> :ri„ " . .. Psyment�.
<br /> ;,;��;j,. � I 1. Borrower Not Released; Porbesrsace By Leador Not a W�ivcr. Extcnslon of the time for payment or
<br /> ';;���Y ,,. " madification af amarti�ation ot the sums secured by this Security Inetrumrnt granted by Londer to sny su�or in
<br /> '�' . intereat of Borrower ehall not operate w release the liability of the originrl Horrower or Borrower's auccessore in r;�.�: ..
<br /> { ..,�;��., : interest.l.onde�shall not be required to cornmence procadings againet any succcssor in interest or retuse to extond
<br /> • „;•.; tirne for payment or otheraise modiiy�mortizstian ot the euma socured by this Security Instrument by rea�on ot�ny
<br /> ' demand made by tho ori�inel Borrower or Borrower's auocessora in interest.Any forbe�rence by I.ender in gxerciein�
<br /> " any right or remedy shall not be�wai ver ot or preclude the exercise ot any right or romedy.
<br /> —'�;,--�—- i�.Succes�ors aad Aasi�oQ Bouad;3oint sad Several Li�biiity;Co-si�uue�ra.�ihe covenants and sgreements
<br /> of this Security Instrument shall bind and benatit the eucoessors and asai�ns af Lender and Aorrower�subject W the ..* �,
<br /> � ' provisions ot paragraph]7.Borrower's coven�nte and agreements shall be joint and eeveral.Any Borrower who w-signa
<br /> � thie Security Instrumsnt but doos�ot oxxuta tha Nota: (a) is co-aigning this Secutity Instrument only to mortgege. •
<br /> .:t•.
<br /> �� .��,,,�; 1 grant and convoy thet Borroaere interest in tha Property undor the terms ot this Security Instrumrnt; (b) ie not L�..�
<br /> :r':J personelly obligated to pay tha eum�s secured by thle Security Instrument;aad (o) agcces thet I.ender end any other �'�:'�'•
<br /> �� `�`�`��� Borrower may egree to extend,modify,forbmar or meke any acoommodationa with regard to the tecros ot this Security ��
<br /> • .. Inatrumentor the Note without thet Borcower's consent, `*t��• �...i
<br /> 'Lt ;,�,:.;'; 13. Loaz C6ar�es.if tha laen secured by thie Security Inetrument is subject tv a law which sets maxim um loen , � "''
<br /> � charges, and that law is tinelly interpretod so thet the interest or othar loan chergea collected or to be collected in �
<br /> •�,; c o n n e c t i o n w i t h t h e I o a n e x c e e d t h o p a r m i t t e d l i m i t s,t h a n: (a) a n y s u c h l o a n c h e r g a s h a l l b e r e d u c e d b y t h e �m o u n t
<br /> 1 r ' necessary w reduce tha charge to the parrnitted limit; and (b) any sums already collected frorn Borrower which �
<br /> - excaeded permitted limits will ba refunded to Borrower. I,ender may choose to mxke this retund by reducing the
<br /> principal owed under the Nota or by malting a direct payment ta Borrower.If a rafurvd reduces pdncipsl,the reduction ,
<br /> � �,� � will be treated as a pertial prepsyment without�ny prepaymant charge under the Notm. 1, • ••
<br /> . 14.Notices.Any notica to Bnrroaer providad for in thia Security Instrument shall be given by delivering it or by ;' �•
<br /> . � mailing it by tirst class mail unl�s applicable Iaa requires use of enother mrtl��,ci.Tiic uutica�I�ell be directed to the �
<br /> ''"'`• Property Address or any other address Borrower designates by notice to L.ender.Any notice to I.ender shel)be given by
<br /> �• ,. tirst class mail to Lender's address stated her�in or any other address Lender deaignates by notice to Borrower. Any �
<br /> �, . . � notice provided for in this Security Instrum6nt shall ba deemed to heve bean given tc�Borrower or Lender when given �
<br /> �e provided in this paregreph. �• '�
<br /> „ I5.Governin�I.sw;Severability.This Security Instrumcnt shell ba governed by federal tew and the law ot the �
<br /> � jurisdiction in which the Property is loceted. In the event that any provision or clause o!this Security Instrument or the �
<br /> Note contlicts aith applicable lav►,such cunMict sholl not aftcet other provisions of this Security Instrument or the Note
<br /> which can be given eftect without tAe conflicting provision."ro this end the provisions of this Security Instrumrnt and
<br /> �
<br /> the Note aro declared to ba severable.
<br /> ! . `�•, '
<br /> Fww 30Z1 9180
<br /> � . �—BR�IEI�aioa►o� r.�.�o�s
<br /> IMtl�lw
<br /> i + . � �+, .
<br /> r•
<br /> . 't�: '_ ' ..�.v� •� , , ... .
<br /> . F � .
<br /> 1'-------- -
<br /> -_ �—_. _ ,. . -
<br /> ,. � �
<br /> .�
<br /> i � .
<br /> i ��• � . ,
<br /> � . .
<br /> �, � . .
<br /> ,
<br /> ; . � .
<br /> i.�_... - - ��
<br /> � ;
<br />
|