|
""� ' • ��..i 's�:� .. - r_�'�'-�
<br /> '-.� . • - - _ _ --
<br /> sf� _ . -
<br /> I
<br /> -- .._ .___�_a..�..'..erh�
<br /> 93-' iio3�o
<br /> condemnAtion or other twking of any part of the Pro�xny,or for conveyance in lieu of condemnntion,�'c hcrcby�cs�i�ned ancl
<br /> �hall be paid to Lendar.
<br /> _--- fii tt� �ve�t af a tatat t�king of the P:operty, thr��1a ahpil be applied�o the sums sc ncd by this Sccar�ry _
<br /> Inswment,whether or nat thcn due.with any excexs paid to BoRUwcr. In the event of a paRial taking of the Property in
<br /> which the&ur merkct value of the I'roperty immedintely befote the taktng is equal to or greater than the amount of the sumc
<br /> secured by this Security Instrumcnt immediately 6efore thc taking,unless 9orrower and Lender otherwise ogree in wrtting,
<br /> the sums secured by thi�Security Instrument shall bc rrduced by the amount of the prceeeds multiplicd by the following
<br /> fraction: (a)the tatal Amount of thc sums secured immediately befor+c the taking,divided by(b)the fair market value of thc
<br /> - =-�--T---__�- __-_--�� Prc�perty immediately t,efore the teking. Any balance shall be paid to Borrawer. In the e�ent of u partial taking of the _
<br /> - - ^ y Fruperty in which the fair ma�i:ct vuluc of thc Prop:rty immcdi�tely befare the taking is less than the amount of the sums
<br /> _�___;� xocur�ed immediateiy hefnm the tekin�, onlevc R�nnw�r r►xi i endrr othenvise Agrce in writing or unless applicable I�w
<br /> - - - - otheruvise provldos,the proceeds shall be applied to the sums secured by this Security Instrument whether or not�he sums arc
<br />---�'��� thendue.
<br />-_ - If the Property is at►ru�doned by Bortower,or if,ai'ter natice by Lender to Borrower that the condemnor offers to make
<br /> — - an award ar settlo a oloim for damnges,Borrawer fails to respond to Lender within 30 d�ys�fter thc date the natice is given,
<br /> -�---�-=�_a Lender is authari�ed to collect and apply the procecd�,at its option,tither to restorntion or repair of the f'roperty or to the
<br /> cums secured by thi�Security Instrument,whether or noi then due.
<br /> Unless Lender and Borrower otherwi�e usree in writing, :u�y+�pplication of pracerd. to principul shnll nat extend or
<br /> ,�. ! postpone the due datc of thc monthly paynKnt.referred ta in parugruphs 1 und 2 or chongc thc um��unt uf�uch p•ryment..
<br /> - 11. Borrower Not Rek�scdi F�bearAna By Lender Not r WAiver. Exten.ian at thc timc fo� puyment �x
<br /> madificrtion of umarticuttan of the swm necured by thix Sccurity In,trumcnt brunted by Le��r to uny wcce�,�x in intcrc,t
<br /> i of Borrower shwll nat aperatc to rcleuse the liubility of the cuiginul Horruwer��r Hcxrowcrk sucre+um m intcmzt. Lcndcr
<br />= j ch�ll na be rcquired �a commence prcxeedings aguin+t uny rucee�.ur in intere+t ur mt'uK tu rxterxl time for puyment ar
<br /> - - -- otherwire madify amortixuti�n of the sum..�xurrd by thi.Security Imtrument by rcusc►n<�f:►ny dcmand mude by thr originai
<br /> ' Borrower or 8ormwark�uccessarti in interc+t, Any fnrbe�ur•rn�e by Lender in exercisin�;u�y right or rcmedy xhull not be u
<br /> � i waiver of or prccludc tha exercitie of uny right ar remedy.
<br /> � 12. Successariv and A�sl�ns Bnundt Juint and 5everal I.iabflity;C:o-signers. Thc covenant+and agreements of this
<br /> i Securiry Insuumant shall bind und benefit the xuccessars:►nd assigns of Lender and Borrower,subject ta the provisio�s of
<br /> �� � pangraph 17. Bormwer's covenants and agreements shull 6c joint and several.Any Borrower who co-signs this Security
<br /> � Insuument but does not execute the Nate: (ul is co-signing this Security lnstrument only to mortguge,grsnt und convey that
<br /> Botrower's interost in the Property under the tcrtns af this Security Instrument; (b)is not per.wnally obligated to pay the sums
<br />��� , k secured by this Securlry Instcument:und(c)agrees that Lcnder and any other Borrower may agree to extend,modify,forbear
<br /> or make any accommodations with regard to the terms of this Security Instrument or the Notc without that Borrower�
<br /> consent.
<br />='; 13. Lopn ChArges. If the loun secured by this Security Instrument iz subject to a law which sets muximum loan
<br /> �; __ _ charytes,and that law ix finally interprcted so that the interest or other loan charges collected or to be collected in connection
<br /> � , with the loan exceed the permitted limits,then: (a)Any.ruch loun charge shali be reduced by the amount necessary tu rcducr
<br /> ,�„ �:, the charge to the permitted limit;und(b)any sumr nlreudy collected from Borrow�r which exceeded permitted limits will t�e
<br /> : r.x• ��� ' refunded to aorrower. Lender may choose to mnke this refund by reducin�the principal owed under the Note or by making n
<br /> ;t . �. .':'?�,, direct payment ta Bo�rower. If u refund�educes prin�:ipal,the reduction will be treuted as a purtial prepayment without any
<br /> �'�: 'r. : prcpayment charga undcr the Note.
<br /> } � ' ��,;; 14. Notices, Any notice to Borrowcr provided far in this Security Instrument shall be given by delivering it or by
<br /> +'3". •;r�:.` mailing it by Crst class tnuil unless upplicable law requi�es usc of another method,The notice shalt be directed to the Propeny
<br />. .�P.�-��'K,���•.��: Address or any othcr address Borrower detiignutcs by noticc to I.ender. Any notice to Lende�shall be given by first class
<br /> ....-
<br /> mail to l.ender?s address stated herein or any other address Lender designates by notice to Bonower. Any notice provided or
<br /> . in this Security Instrument shull be dcemed ro havr been given [o Borrower ar Lender when given as provided in this
<br /> .,.,'i,., ara ra h
<br /> — °� �*a:#;.r . ,., P g15 GoverninA LAw; SeverabiUty. Thiti Securiry Instrument shall be govcrned by federal !aw and the law of ihe
<br /> `"�`�" � jurisdiction in which the Property is locuted. In the event that any provi,iun c>r rluuse of this Security Instrument or the Note
<br /> • � � eonfliets with appllcable law,such conflict shull not affect other provisionr of this S�.curity Instrument or the Note whieh can
<br /> �"�^""' � -��` be given effect withaut the cont]ictins provision. �b thi�end the provision+ of thix Security Instrument and the Note ure
<br /> _ � i �' r
<br /> �.`:��
<br /> �;'``.:,;:.�,: declered to be severable.
<br /> ' 16. Borrower's Copy. Borrower xhall be given��ne conformed copy of the Note and of this Security Instrument.
<br /> � , �a.• '�`:,„,' I 17. TYansfor of the Property or u Beneflcial Interest in Borrower. If all or any part of the Property or any interest in
<br /> "'�`':`�. it is sold or tr.msferred(or if a beneficial intemst in Borroaer i�,oW or tr�n,fcrrrd and Borrower is not a nutural person)
<br /> .�`� �; .
<br /> •�=�'•^�.�-'; without Lenderk prior written wnxent.Lender muy,nt its option,reyuire immediutr puyment in full of all sums secured by
<br /> � this Security lnstrument. However,this option shull not be exercised by Lender if excrcise is prohibited by federal Iaw as of
<br /> " -'=���� the date of this Securiry Instrument.
<br /> � �' �:�!�ia, If Lender exorcixes this option,Lender�hall give Uorrower notice oi'uccrleration. The notice zhali provide u period of
<br /> �,..���,�4 not less than 30 days from the d:�te the notice is delivered or muiled within which Be�rrower mu�t pay all sums secured by this
<br /> ;���sr,�y�,•;:„•� ' Security Instrument. lf Borrower fuils to pay thetic sums prior ro the expirution of this period. Lender may invoke any
<br /> _-����� . remedies pennitted by thiti Security Instrument without further n�ticr or demand un Borrowe�.
<br /> -- 18. Borrower's Right to Reinstnte. If Lionower meets cert•rin ronditiom, 9orrower tihall have the right to have
<br /> ' enforcement of this Security Instrument di.continued ut uny time prior to the carlirr of: (a)S days(or such other period us
<br /> _ '�'�' � Singlc Family--Flwnie MaelFYeddk Msic UNIFURb11NtiTRUMBNT••Uniform Covenanu 9l90 (/�uRr 4 uJ'b paResl
<br /> _� ��
<br /> �,. - :}['-""'"�'�."`""" +.y1� w� ..v -�.�
<br /> -- 3w�'..�i . . � . ` t � :C s�.y�."�^"��;.4 �
<br /> - -° �Q.?.e�.j. ` ... . r ..�.. -:-. . _h i',.,.�„k:��:.
<br /> - - "+�:im'c�;=a:_"=_�+�i�a:����i>_�:.��r. - -- _ '�::M�'
<br /> _ -
<br /> .�-.. ._ ,. �.,� �,... -.
<br /> ,� _,� _ . �.,.�,.,�"°"..'..,*�;:°
<br /> , L Prn 4.��.�i._ .
<br /> i .ir• ..::Y:c.,'
<br /> jnr�f,�,� ..ii�ti7t.v-a�..^►.�. .;...il-.,:.� �`:-�:�' '.:�.�,�..�. .��..:'''• � •. .
<br /> �.:t-- � t-rta +,'.,i l�:1:d` � ��l�'�I�IL,''�.y=hyh." t1- "•qs,r�"..
<br /> ��i ' i
<br /> 3f a ,.csa.
<br /> --- .. . �.r ��e. _{r+:�k� ''3^'` . 'x'.,�`:? `.�'t3Q�_�i�`o-4 `J, �l'
<br />
|