|
� _ -
<br /> _.
<br />�-- --- _ -- - —-
<br /> �.��..�.�Q��
<br /> caodemnuion a ott►er t�kin�of any p�rt ot the Property,or for con�ey�ncx in lieu of condemn�tion,�ro heieby aui�ned aad
<br /> . �!1 be prW to Lender.
<br /> � In the event uf x iuixi i,i$l�i� af t�i� i ro�"ity. the praccr�s thati bc �jr�iie.i tu u�w,o�r .acar-�d by tMc.°�rity
<br /> � In�ttumenb whether or not then due.wlth�ny exass paid to Bomower. In the evont of A panial t+�icinQ of tho PropeRy in
<br /> which the f+ttr matket value af the Property imm�diwtely afarc the t�lcing is equal ta or g�ater than the amount of the surtu
<br /> �ecured by this Security In�trurtxnt immedlately before the t�king.unlesa Horcower and Lender ahcrwise�gree In writin�,
<br /> the sums cocurcd by this Security instcument shalt be rcduced by the urtiaunt of the proceeds multipliod by the followin�
<br /> fractbn: (a)tht toutl amount of thc:ums�ecwed Immediately befo�e the talcing,divided by(b)the fair market valua of the
<br /> Praperty immediately before the takint. Any balencc �hail bc paid tn Bnrrower. In the evmt of a pertiel �ekins of the
<br /> Prqxtty in which the fiir market value ot the Pnnperty immediately before the taking is less than thc amount of thc sumc
<br /> :ecuced Immediately before the taking,unless Borrower and Lender otherwise agc�ce 1� writing or unless applicable Inw
<br /> othenvise pmvides,the procesds shall be applied to the sums necurcd by thi�Security Instrument whethcr or not the sums are
<br /> � then duc.
<br /> If the E�roperty is abandoned by Borrower,ar if,after notice by Lender to Borrowcr that the condemnor offers to make
<br /> ; en award a settle a claim for dama�es,Barower fails to rcspond to Lettder within 30 days after the date the notice is given.
<br /> l.ender is authoriud to collect and ttpply ihe procecds.at its option,either to testoration or repair of the Property or to the
<br /> wms secured by[his Security Insuument, whether or not then duc.
<br /> Unl�s Lender and Borrower otherwisc agrec!n wdting,nny upplicatian of praceeds to princip�l shall nat extend or
<br /> postpone the due date of the monthly payments referred to in parugruphs 1 ond 2 or chonge the amount of such payments.
<br /> 11. Bot�mwer Not Rekaued; For6enrance By I.ender Not A Wniver. Extension of the time for payment or
<br /> i madtRaation of amortization af the sums securcd by this Security Insuument gronud by Lender to any successar in interest _
<br /> of Bomower shall not operate to rclease the liability af the original Borrower or Borrower�s successors in inte�st. Lender
<br /> sha11 not be roquircd to cortunence proceedings against any successor in intercst or refuse to extend time for payment or
<br /> i othenvise modify amortizution of the sums xecurcd by this Securiry Instrument by reuson of any demend made by the original
<br /> Borrower or Borrower's successors in interest. Any forbu►rance by Ixnder in exercising any right or rcmedy shali not be a
<br /> waiver of or preclude the exercise of any right or remedy.
<br /> 12. Successors and AssiYns Round;Joint aad Several I.iability;Co-signers. The covenants su�d agreements of this
<br /> � Security Insnument shall bind and bene�t the successors and assigns of Le�der und Borrower,subject to the provisions of
<br /> ' para graph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> Instrument but dces not execute the Note: (a)is co-sisning this Security Instrument only to mongage,grant and convey that
<br /> , Borrower�s interest in the Property mider the terms of this Securlty Instrumcnt; (b)is not perwnally obligated to pay the sums
<br /> secured by this Security Instrumenh,a�d(c)agrees that Lender und any othcr Borrower may ugne to extend,modify.forbear
<br /> oc make any accommadations wtth regurd to the tarms of this Secudty Instrument or the Note without that Borrower's
<br /> consent.
<br /> 13. I.oan Cfwcges. If the loun secured by this Security In�trument is subject to u law which sets maximum loan
<br /> chazges,and that law is finally interpreted so thut the interest or uther loan charges collected or to be collected in connection ,
<br />' wIth the loan exceed the permitted limits, then: (u)any such loan charge shull be reduced by the amount necessury to recluce
<br /> the charge to the permitted limit;and(b)any sums almady cotlected from Borrower which exc�eded petmitted limits will be
<br /> refunded to Borrower. Lender may choo�e to make thi�refund by reducing the principal owed under the Note or by making a
<br /> direct p»yment to Borrower. lf u refund reduces principul,the reductian will be treuted us a partial ptepuyment without any
<br /> prepnyment charge under the Note.
<br /> t4. Notiecs. Any notice to Borrower provided far in this Security Instrument shull be given by delivering it or by
<br />! mailing it by fi�st cl•rss mail unless applicuble law requires uye of another method.The natice shull be directed to the Propeny
<br /> Addrcss or any other address Borcower designates by nacice to Lender. Any notice to Lender,hall be given by fir�t class
<br /> mail to Lender:;address stated herei�or any other address Lender designates by notice to 6orrower. Any notice provided for
<br /> in this Security Instrument shAll be cicenxd to have he�n given to Borrower or Lendcr when given as provided in this
<br /> ParaBraPh•
<br /> IS. Governing I.t�w; SeverAbility. Thix Security Instrumrnt shall be govemed by federat law und thc law of the
<br /> jurisdiction io which the Propeny iti lorutc:d. In the rvent that any provi.r•iun or rlause of thi,Security Instrument or the Note
<br /> conflicts with applicuble law,�uch conflict shall not affect other provitiinns of thi,Security[ntitrument ar the Note which can
<br />; be given effect without the conflicting provision. To this rnd the pravisions of thi� Security Intitrument nnd the Note ure
<br />� declared to be sevcrable.
<br />� 16. Borrower's Copy. Bortuwer�hall be gi�•en e�ne conformed copy of thr Note•rnd of this Security Instrument.
<br /> 17. TrA�sfer of the Aroperty or a Benetkial Interest in Horrower. If ull or uny pun ot'the Propeny ur uny interc,t in
<br /> it is sold or transferred(or if u benMicial intemtit in Borrower iti tiold or tran.ferred and Barrower is not u natural person)
<br /> without Lcnder�prior wrltten consent,Lendrr may,at itx optian,requirc immediatr payment in fuU of aU sums securcd by �
<br /> this Securiry(nstrument. However,thix op�ion shall not be exeerised by Lendcr if cxercisc is prohibited by federal law es of `
<br /> the date of this Security Instrument.
<br />, If Lender exercises this option,Lender shalt give Borrowcr noticr of acceleruNon. The notirc xhull provide a period of
<br /> not Icss than 30 days from the dute the notice is dclivered or mailed withi��which Burrowcr mu.t puy all�ums,ecured by this
<br /> � Security Instrument. If$orrower failti to pay these sumx prior to the expiration of thix period, Lender may invoke uny
<br /> i nmedies permitted by this Security Instrurnent w•ithout further noticr or drmanJ��n Borroa•er.
<br />' 18. Borrower's Right to Reinstate. lf Borrower meets certuin conditiun,, Burruwer .hall havr the right to havc
<br />; enfomement of this Securiry Instrument discominued at any time priur to th�earlier ot: (u)5 d;►yz(or such other period us
<br /> I Singk Famity--F1�n�Ie Mx/FYiddk Noc UNIFORM IN51'RUNIsNT-•UaiFortn Covenana 9l90 qwRe<nlA qrKesJ
<br /> I
<br /> I -
<br /> - - --- ----- - - - _ - _ I
<br /> - _a -.."�"_.-..,.�. .. _ . . .^' t , .
<br /> �
<br /> �•�t� . t�'ba�'3E�t. .. . .��. -e....C�.._.c��li�ti� .:� .ji.'.- Yn�:.�..
<br /> �a... -'�-_a��Yi...`i�..�.� . - . : �, ..._.
<br /> —_ -+.�ra��..._�:.ww.._�,...i::t,.''e-..Lz:.tfic�..x�I 1�1L+s�e.�xr�i.:1_
<br /> � — � .-.�v . .,� . - : ._•. .�-...n � _�s�..�yy ...a - z,,. .. ; . �, .� �
<br /> �.._._ .r - - - - - � t4
<br /> � � 1
<br /> "" - �ac� �s�t _�_ -• - + A �-�; ���
<br /> ..'_�_—_'Y`-.tf Y' }Y�1,� • "�.fct.. i�ri.lt^.. . . . .
<br /> �i•i1�s1:��iE��rif,.::;�n..r'4i.. . . .<. :. - . ��i i�ry,L�t; L':..... . ... . . - .
<br /> ---� ... . � .... '�.'�
<br /> . . . ., .. .. .
<br /> __-_:..._. ..Y•�-'� ' . . - _ . _ .i.l�r'":. ..� . .
<br />
|