|
�.r;
<br /> . m� � —� .;i-
<br /> ' ;. . . ., .:.` ya'v1
<br /> , � �
<br /> �;
<br /> . . 193-sa�r� . ,
<br /> py�m�y no lon�er ba nequirod.�t Ihe aption of L,axler. it raort�e inwruioe covera,�e(in tbe�nwuat�al fa the perbd
<br /> tl�t La�der roquiros)Provided bY sn inw�r�PPro��bY�'�baoome�avdlabb aad i�obudned.Barowtr rluU pry
<br /> tue pronniwra iequi�+ad w mwinpiin mo�t�e i�oe in effoct�or to providc a lou naave.wall tUe roquiramat far mr�i�e
<br /> iiowr�noe atl�in�000rdance with amr wriva��pc�mait between Bocmwer�nd Lender or�pplicabla l�w.
<br /> !.iespectba. l.e�det or iu�au ra�y moko�+won�ble enMes upon and in�paxloas of We Property. La�der vWl�iva
<br /> Bornower aotloa�t ti�e time of or prior to An lnspoction�pecifyln� �asoiuble cawe for the irupxtion.
<br /> 10.Coadomodba.The prooeeds of�ny award or cidm far dupaga. diroct or can�oquaaial. in conaaxiou with wY
<br /> oondemnation�r ather Wdng of any pert of tl►e Pmpaty.or for conveyaaoe 1n Ilw of coadanatifoa.�re hereby arci�ad
<br /> �hdl be pdd w I�a�der.
<br /> W tde event of a tWal wldng of the Pmperty.tha proceai:tl�aU be rpplied w tue wma socur�ed by thls Sxur�ty Instmment.
<br /> whether or�ot�hen due. witb Any excess paid to Ba�wa. In cd�av�it of a putial wkiag of the Pmpe�ty in w61ch 1he t�ix
<br /> •��
<br /> nwricet v�lue of Uie Propaty immedi�tdy before the tiJciag is equ�l to o�grcater tl�an d�e aaoauat of the aia�axw�ed bY this
<br /> �a��ls,.r Savrity�aatrume� imrnediAtely before the taldag.uNess Borrower aa�d L.ender otherwise�+gree iu wridn�,the wms secutod by
<br /> .� }�i°'��4"�" this Seeutity In.ctrWnent ahall be rodwxd by the aaiwunt of the praceeds muldpliod by the fallowing fi�ction: (a) tho total
<br /> s " `�' ' ancwnt of Uie sume socuted lmmediately before tha taking,div�ded by(b)the fair madcet vafue of the Property immediately
<br /> befora the 3aking.My balance stwA be paid w Borrower. Ia the event of a partial wlcing oP tbe Property in which the f�ir
<br /> mulut v�lue of the Proparty immodiately before the tAkin�ia less than the wiwunt of the sums secured Mutte�iuely befare the
<br /> tdcing. unless Borrower and Lender otlierwlse a�roo in writin8 or uNas appliaible law aherwiso pmvlda, the procaod��Iwll
<br /> << , be applied to the wm��acurod by this Sacurity Insttument whdl�er or not tho wmr are then due.
<br /> ._:z,�� If tho Prope�ty i�nbAndonat by Borrower.a�if��Rer notice by Lend�r to Borrower thri the condemaor oflen to m�ke iut
<br /> - = �'`' award ur rettl� p claim for dartwQc�. Barrowcr fails to rapoid to l,ende�within 3Q d�ys aRer thc d�tc�ho nMko is Qiven.
<br /> I.ender ir wthariud to rnlloct wd appiy the pt�a�oads.u iu optlun,either to n�torstion or repoir oi�he Properry or w the sw�u
<br /> N�d �xurod by thir Savdty InuNmem.whalhcr or not thrn due.
<br /> . ,� Itnlau�I*ndrr.m1 Rnrnwer otherwise asree in writing, Any yq►lication of prcxeed� ta principal �hall not extend or
<br /> � postpone the due data ot the monlhlY paYmeots refemod to in p�aynpl�a 1 and 2 ar ciwn�o the wiwuM of wch p�yments.
<br /> , �� �_�a. 11.Borrower Not Rda�eedi F�ra�Sy ��� �W�ver.Extenaion nf thc time Pur pAyment or modiflcation
<br /> � ,�, :��}._�: . of amartization of tha eurtu zecured by thia Socurity In�trument grant�d by Le�der to ony�ucces�or in intercst of Borrowu siwll
<br /> '�",�„",•j'C�... , not operate to r+cic�se tha IiabNity of the origlnal Bormwer or Borrower's sucoGgsors ia intercu. l.ender sball not be requin�d w
<br /> • �. ,i..,.. �x.
<br /> :�;�,�.,o;. commence ptocexdings n��inst any wc�oes.4or in iotar�t or�fuse w eatend time for peyment o�wherwise modify amonization
<br /> ' � � << f .�. . of the sums sccurod b this Securi Instrument.b rea5on of an denwnd made b the orf inal Bormwer or Borrower's
<br /> �� "''' Y �Y Y Y Y B
<br /> r.';� '�'" sac�soB in intorcst. Any forbeu�noe by Lender in excrcisin� any d�ht or rem¢dy shall aot be o waiver of or preclude the
<br /> .�ir:. ., � .- �acr.rcisc ot'a�3r righi or semedy.
<br /> . . ..��.,�..0`-M 12.S�sore auti! As4i�ns Bour►d;Jo1n1 and Several �.i�bility; Co-sigaer�. The covenents end agreements of th3s
<br /> " T''``~y� " Secu�ity Inswment shall bind and banetit the suocessors and assigns of l.ender and Borrower, subJect to the provisions of
<br /> � � •�`' °'".` paragraph 17. Borrower's covenanta and agreements shdl be joine and several. Any Borrower who casigns this Secudry
<br /> ;.
<br /> ' �`'�'" � �� Inatmment but daes not execute tha Note: (a) is co-signing this Secudty Instrument only to rtwrtgage, grant and oonvey that
<br /> ", , _.
<br /> � � . ��; Horrower's laterest in the Property under the ternu of thls Securiry Instrument;(b)Is not personally obligated to pay the sums
<br /> �� -�:: . ;:....•.,�
<br /> �.,':�'i. � . secured by t6is Security Instrument;and(c)agrees that Lender and ar�y other Borrower may agree lo extend,modify,forbear or
<br /> , • • r� ;.��, .
<br /> ' .i�,_, ._„ . , make any accommodations with regard to the terms of lhis Security Instrument or the Note withaut that Borrower s rnnsent.
<br /> ::;,�,: ,� ;,• , „ 13.Loan Chwrges. If the loan secured by thls Securiry Instrument is subject to a law which sets maximum loan charges.
<br /> ,,,,�,R,..k .��,� and that law is finally interpreted so that the inter�ast or dher loan charges collected or to be collected in connxtion with the
<br /> ''�•� '�� �• loan ezcoed 1he permitted limits,then: (a)any such loon charge sha116e reduced by the amaunt necessary to reduce the churge
<br /> „ ,�:•'. i •���.-':F .-r. ��r•� to tha permitted limit; and(b)any sums already colleceed from Borrower which exceeded permitted limits will be refunded to
<br /> •�"''�" °•' '"'�' Borrower. L.ender rney choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> ';:��: ��,:." ,
<br /> �:;, ; .°.� • }} " payment to Borrower. If a refund reduces princi�p�l, the reductian will be treated as e panial prepayment without any +;;,;
<br /> + �• � prepayment chazge under�ha Note.
<br /> �� s '� . � � : 14.Natiees.Any notice to Borruwer provicit�! for in this Security Instrument shnll be piven by delivering it or by mailing
<br /> � �, � • it by first clau muil unless applicable luw rcquiras use of another method. The notice shall be directed to the Property Address
<br /> � � ; : o . or any other address Borrower designates by ratia to Lender. Any notice to Lender shall be given by first class mail to
<br /> `�: � Lender's address stated hcrein or any other addtess Lender desi�nates by notirc to Borrower. Any natice pr+nvided for in this
<br /> ,� n�?'�� Security Instrument shall be dcemed to have been given to Bnrrower c�r Lender when given s�s provided in this paragraph.
<br /> ' `' � 15.Governipg l.aw; Severabllity. This Serurity Instrurnent shull be govcrned by federal law und the law of the 'i,
<br /> , ' � � Jurisdictian in which the Proparty is located. In the event that any pmvision or rluusc of this Security Inslrument or the Note `.i
<br /> , k�: •
<br /> �,�� �, .•••• • canflicts wilh applicable law,such conflict shall not affect other provisians of thiti Security Instrument or the Nwe which ean be
<br /> � �s �- given effect without�he conflicting provision. Tu thi.end the provisions of thia Security Instrument and the Note are declarcd ,,.,.
<br /> '1•'' '1.., �" � . to be severable.
<br /> J`c�� : �. ,� � 16.Borrower's Copy.Burrower�hall b�:gi��en une cuntiim�kd capy oF the Nae and��f this Sewrity Instrument.
<br /> �.µ ;.�_ Farm 30�8 8/80
<br /> ��. .. ; , Ppr�oi6 I��i
<br /> �::•' , �k '
<br /> ' i ,� .: .. � .
<br /> �"''; _ t . _ .. „
<br /> - 1 a . . . . —r- "'__ .. . .� . . � . - 'N. '.1,:���l�"r"��l\1M.r,M'�J�f �S1Ga�.i'r J•�r-:-A it:.a. . •
<br /> .. o r •
<br /> t
<br /> .. ���., i ' � a J '
<br /> '..� � . , .:, - •.
<br /> , � _ � �,. ;,�: .,
<br /> j'� ', �` �� „ ,� t', . , ,•,,: . , , ,
<br /> ` �u :',_ ir+' �' . � .�, �,.;�,�1�� .. • , . • .
<br /> '�� . r ,�; • . � . r�?`� ,. � . . . ,
<br /> �+ ~ f, .. .� . ' . - " • ' � ' . ' .
<br /> �� � � '. ov'� f___ "'"' ' _ r '•--rC—':+.�_ _ .•�� . .
<br /> �. , y .. .
<br /> Ir �t. ` '�tSf
<br /> , ` '�. • .
<br /> ... , I
<br /> �`� � .
<br /> �+.
<br />
|