|
;___,�.T . . _
<br /> _ ,.�. �:,-.
<br /> �• � .,:� .. -�--� -
<br /> ' -:.--�.
<br /> ��r-• � '-—--:',:; - -:..
<br /> � i
<br /> _:,__ _..�.__..,..._..� s�������Y,,,���v,�������age lnauranoe cavert�e Is nat Yvitllable.Bonuwer shall pwy to Lender each month A sum aqual to
<br /> -_—__-- one-twelhh of the yearty mort�sQe iiuurArux prcm�um bcing paid by Borrower wi►ci�ii�r iusu„uK:�: cov�rag�iaF�:,3 or c:,as:.3 to �
<br /> , iu
<br /> ----- — - _ �1�cff;,ct.L.cndcr will a.^ixpt.nx�d retain t!►ese paymern�ns e lnss rr�rve.in lieu �f mactgage incurance. Lass ru;erve
<br /> �� * • paymentz mty no IonQcr bzroquircd.Nt thc uptian of I.endcr,if mortg�yc insurknce ravera�c(in tha umount and for thc periad �
<br /> thui Lender requirea)providuc�by xn insurer upprovod by l.cnder again bc�omas availrble and is obt�nod. BorraK'er sFwll pay
<br /> _ the premiums requirod to mrintain mortQage insurAncc in effect,or to provide a locs reserve,until the requirtment for mort�a�e
<br /> ' i�sunnce ends in ncwrdunce with any wrilten Agrament bctwcen Barrawer und I.endor or applicoble law.
<br /> • 9. �nspectlon. Lcnder ar itx ag�nt m�y ma{ce rcasc�►wble entrfes upon and inspectians of the Property. l.erder sh�li �ive
<br /> Borrower natice at the time of or priar ta un inspectinn specifyjng rea.sanable cause for�he impecdon.
<br /> �� . 10. Condemmtt{on. The proceods of�ny awurd or claim for damages, direct or consequentiul. in cannoction with any
<br /> . :,.�,� candenmallon or other takinQ of any putt uf the Praperty,ar for convcyance in licu of condomnation, are hereby assigned pnd
<br /> • shall be paid to l.ender. '- -
<br /> ! In the event af a tut�l tuking of the Property,the proceods sholl be applied ta the sums securcd by this Security lnstrument,
<br /> _ `-��=��� Qvhether or not then duc. with any excess paid ta Be�rrower. In the event of n partial taking of the Property in which the fair
<br /> �,�.; ,;:-�::�..• rket.value of thc Property immcdi�ttely beforc tHc taking is cqual to or grcatcr than thc amaunt of thc sums securod by this
<br /> �•�` '^••• ° •� �curity Instrumcnt immediately befo�e the taking. unless Borrowcr and I.endcr otherwise agree in writing,the sums secu��ed by
<br /> '�""'"'`�'J"•„ �his Securiry Instrument shall be reduced by the amount of the prcuceds multiplied by thc followins fraction: (a) the t�tal _
<br /> �e.:. .:�. _. , ._.;
<br /> x� „r • - � : �mount of the sums sccurod immcdiutely beforc tlic taking, dlvided by (b)thc fair markct valuc of thc Property immediatcly
<br /> _��� ;,�;, ss �eforc the taking. Any balnnce shull I�e paid to Huuower. In the event of a purtinl taking of the Property in which the fuir �-.
<br /> �- �.�,;;,;,,�,;,:;::}:y� • murket vulue nf the Property immediutely bcfore the tuking is lesx thun thc umount of th�+ums ticrurcd immcdiately before the
<br /> i ". � taktng, unlesb Borrowcr und l.cnder othcrwlre ugrce in writing or unless uppllcable luw otherwise provides, the proceeds shall
<br /> y• ° be upplicd to[hc sums sccurcd by this Sccurity Instrument whether or noC'thc sums are then duc.
<br /> ���'' � if the Property is abandoned by Borrower,or if,after notice by I.ender to Borrawer thAt the condemnor offers to make an
<br /> � �' award or settle a cla�m for dan�ages. Barrawer fails to resp�md to l.ender within 30 days ufter the date the notice is given.
<br /> ��:. ��` ` �` L.ender is authoriud to callect:ind upply the procecds,ut its aption,either ro restoration or repair of the Property or to the sums
<br /> # securcd by this Security lnstrument.whether or not the�due.
<br /> '� Unless l.ender and Borrower atherwise agree in writing, any application of proceed, lu pri�kipul shuil not extend or - -
<br />. r pustpone the due dntc of the monthly payments refcned to in puragraphs I and?or change the amount of such payments. E_-
<br /> _� , ., 11.Borrower Not Released;Forbearance By I.ender Not a Waivea Hxtension of the time for payment or modification =--
<br /> af amortization of thc sums securcd by chis Sccurity Instrument granted by I.endcr to uny succcs��r in intcrest of Borrower shaU �.
<br /> not operate ro release thc liahility af the original Bonowcr or Bonowcr'ti succesu�rs in intcrest. I.�:ndcr shull not be rcyuired to
<br /> commencc procecdingti against any succcssor in intcrext or refuse to cxtend time for payment��r othcnvisc moJify amortiz:�tian ff,�;F
<br /> of the sums sccured by this Security lnstrumcnt by rc:►.tion of�uiy demand nmde by the original Borrower or Borrower'ti
<br /> successors in interest. An forbe•rrunce b L,ender in exercisin An n*ht or rema! tihull not he a waiver of or mclude the �'
<br /> Y Y S Y b Y• p a.,�
<br /> exercise of any right or remedy.
<br /> 12. Successors and Assigns Bound; Jotnt �nd Several I.fabiNty; Cu-signers. The covenants und agreemcntti at' thi. �+'
<br /> Security Jnstrument shail bind and benefit the successorti und atisigns of I.ender und Borrower, �ubject to the provisians �if Y,
<br /> paragrnph 17. Borrower's covenants and ugreements shuU be joint and several. Any Borrower who co-signs this Securiry
<br /> Instrument but does not execute the Note: (u) is co-tiigning this Securiry [n,trument only to mortgage, grxnt und convey that �
<br /> - - - - - Bor�ower's Interest in the Property under the tcrnis ot this Security Instrumenc; (b� is nac pcnonutiy ubiigatc,l tv Nuy tix+umti ��^
<br /> secured by this Security Instrument:and(c)agrccti that Lender and uny othcr Borrower may ugrcc to extcnd, modify.1'�rhear c�r �- �—
<br /> . make any accummodutions with regard ti�thc termt of this Security Instrument or the Notc w�thnut that Bo�mwer'ti consent.
<br /> ' 13. LoAn Char�cs. lf the loan secured by this Security In,trument is subject to a law which sets muximum loan char�eti, �
<br /> and that law is finally interpreted Sa thut the intere+t or other loan chargc.cull��etrd or to tx collected in connection with thc ��
<br /> loan exceed the perniitted limit+,then: Ia>any+urh I��un churge shall tx redurcd by thr umount necetisary to reduce the charge —
<br /> j to the permitted limit:und(b)uny.ums ulready rollected from &�rrower whirh exceaied permitt•sd limits will bc rcfunded to cF
<br /> � Bunowcr. l.cndcr may ch«�,c to mukr thiy refunJ by rcducing thc principat ow�d undcr thc N�itc or by making a dirrct
<br /> ;, payment tn Bonuwrr. If u rcfunJ redureti principul, thc rcJuction will be veatcJ ax a partial prepayment withaut uny '�.
<br /> q . , prepaymcnt charge under thc Notc.
<br /> �� � 14.Notices.Any notirc tu&rrruwcr pravided tiir in thi,Security In+trumcnt tihall bc givcn hy drli��cring it or hy mailing
<br /> � ; it by first class mail unleti,applirablc law rcyuire�u�c of anothcr mcthixl.The n�nic:r�hall lx directcd to thc Pr<�perty Addreti,
<br /> or any other addres, &�rrowcr dc.ignatc� b�� noticc ta LrnJrr. Any nutirc ta Lrnder .hall be given by tirst rla�� mai! tu ;
<br /> C.ender's:tddress tituted hercin or any other aildre,.LenJrr designatcs hy ncuicr to B�irr��wer. Any nutice provided fc�r in thi. �
<br /> Securiry Instrumcnt shall hc dccmcd to have bcen givrn to Burruwer��r Lendcr whcn givrn a�providcJ in thi,p•rr•rgr•rph.
<br /> � 15.GoverninR Law�; Severubiliq�. Thi� Sccurity Intitrumcnt +hall lx guvcrrk:J by tcJeral I.�w und thc law•ut' thc �'
<br /> . jurisdiction in which the Prupcny iti I�xatcJ. In thc cvcnt that any pnroi.i�m ar rluux uf thiti �rurity Insvumcnt or thc Nutc �
<br /> ' eonflicts with applirahlc law. �urh runllict�lialt nut at'frct�uhrr pru��i,ton.uf this Serurit}•Imtrument or thc Ne�te whirh ran t+e
<br /> . givcn effcct without thc rontlicting prcwisicm. Ti�thi�end the pruvitiionti iif this Scrurity Intitrument�nd thc Nute arc dcrlureJ t
<br /> . to be ueverable. �
<br /> � 16.Borrower's Copy.Bcirr��wrr+hull hc gi�•cn unr runti�rmrd c��p� of thr N<,u an�t of thiti Sccurity In+trumcnl.
<br /> � l7.Transfer nf the Property or a Reneticial Intrr�wt in KnrroN�er.N'aU ur un�part oi thc Pr���xrty ur any inturc+t in it `
<br /> iti�old or transfcrred(or if•r hencticial intere.t in B��rro��rr iti�i�ld ur tran.frrrrd and B��rmH�er i. not a natural �xr,un)withuut i`
<br /> I.ender's prior written cun,cnt. Lender �nay. at it> ��ptiun, rcyuirc immcdiatr paymcnt in full ul'all tiuttlti ucur�til by thiti
<br /> ' Scruriry Instrumcnt. How•evcr, thi�uption shall ncit he excrri+�til hy Lcndrr if cxerrt�c i�pruhibited hy f��lcral l:�w a.i�t'the dute �'
<br /> of this Scrurity lnstrumcnt.
<br /> '.• If Lendcr cxcrciuti tf�i+upti�m. Lcndrr�hall gi�r Burru�►rr n��ticc ut'arrclrratiun.The nutirr�hall pra�•iJr a�ri�xi uf nut
<br /> • Icss than 30 dayti friim tDr daic thr nntirr i. Jclivcrcd nr mailcJ aithin ��•hi�h Burro��rr u�u�t pay all tiutn. ucured h�• thi.
<br /> Sccurity lnstrument. If Borrawcr fail�t��pa�•thc,r�um�pri�tt t��thc rrpir.�tiun��I thi.p�ri�xl. l.rndar may invukr an�� rem�dic�
<br /> ; � i� prrcnittcd hy thi�Srrurity In�trumcnt �sithuut(unlirr nutir�ur drm.uid�,n B„rr�,��cr.
<br /> � . ' IS. BarrnNrr's Ri�;ht to Retn�tate. I( �3�ttr�,�+cr mcet, rcrtain r�mditian.. B�,rr�,arr .hall lia�r thc right tu h�cr
<br /> ' cntittcem�nt uf thi, Scrurit} In�truntrnt Ji�cuntinurJ .0 an� tim. priur tu the earlirr��L• �:u S.ia„ �ur wrh uthcr periud a+
<br /> ' aPplicablc luw muy �prrif� tiu rcintitatetnrnu hrtirre ,ak �,f tli� !'roprrt� pur.u:mt tu am Exrarr ut,ulc r�mtainc� m thi�
<br /> ' ScYUriry in�trumrnt;ur(h)rntry ot'a.judgmrm rntittriag thi�Sr�urit�•Tmtrument.Thu,c conJiti�u�,arr that Hurrua•rr. la► puy.
<br /> • Lendcr all sumti whirli thcn w•uulJ tk dur undcr thi. Srrurity In+trumcnt and thc N�nc a. i1'nu ucrrleratian had�xrurr�Yi; th)
<br /> , curc�any drFrult uf any uthcr ruvenunt. ur agrrrment.: (c1 pa}ti all c!c�xn,r. incurred in cnti�rring thiti Sccurit�� Intitrununt.
<br /> induding.but not limitcd to. rrationublr an��rn���' Icr,:and �d)t:il.c� �urh artion a�LrnJrr may rra,unahh rcyuirc tu a>•urc
<br /> •� thut the licn of thiti Srrurity Intitrumrnt. LcnJrr'. right�in thr PruExrty and Horri�arr'. ��hli�ati��n tu pay thr wnn�rcurcd hy
<br /> thiti Security Intitrununt tihall cuntinuc unrhanged. l��xin rrimt:►temcm h� B�rrru��rr, th�. Scrurrtc In.trumrnt and thr
<br /> y• �... . obli��tion�u�rur�tii hcmMy,hsll rcm:�in fullp rflcrti�•r u��t n�,arrelcr.ui�,n had�xcurrcd. N�,��cecr.thi,right t�r rrin�t:nr �hall
<br /> ' nut�pply in tho�a�r af ucrclrratiun undrr par;�graph I7.
<br /> � 19. Salc of 1otc: Chs�n�c of I.uun Scr�iccr. '1'I�r yntr ur :i parti:d intcrc.t in thr N��tr uo�cthrr with thi, krurit�
<br /> . � ImtrumcnU may�tx.uld nnr��r nwn timc����ithuut priur nuurr tu H�,rruwrr. A,alr ma� re,ult in a rhangr in dm rntit� il.nu��n
<br /> ati thc"Loan Scn•icrr")that cullrrt,mnnthl� paymrnt+dur undrr thr N�ar and thi.�rrurit� In.trumcnt.Thr�e ah�,m:i�hr�mr
<br /> �� ur tnarc changr�uf thr Lo•rn Srn irrr unrrlatcJ t�,a�:ilc��I tlir�Jutr. II thcrc i�a rh:mgc ul thr Luan ti�n irrr. tiurru��rr��tll hr
<br /> * � givcn w rittrn uuticc uf thc clia�igr in.��iurd.uii�u UI�paragr.iph la aha�c anJ appli�ahlr I,n�. Tl�c nutir�L�ill•.tatc 1hr namr:m�l
<br /> •rJJreti. uf thc nrN Loan Srnir�r and thc addn�� t�� ��hirl� pa�nirnt.,huuld tk madr. �fhr nutirr��ill al.a r�mtain :m� �,th�r
<br /> ' intiimrrtiun rcyuir�d hy applirahlc lati.
<br /> 20. Har.ardous tiuhstunc�y. &�m���rr .haU nui rau�c ur �xrnut thr prr�rnrr. u.c. d�.�,�al. �turaer. ��r mlca.r ul am
<br /> H;uarJuu, SuM�tanc�+ un i�r in lh� {'ro�xrty. li�irru�+rr �liall �t��t dn, nur allu�+ am�mi rhe t�� du, amthing :dlrcunp thr
<br /> • � Pru�kny thut i. in ��iulutiun ui:my Fm•�ranmrnt:d l.au. The prcrrdin� �w�, ,rntrnr�..hall nut :�r�i> tu tli� pre,�nir.u.r. �,r
<br /> .rtara�r un the Pr�,�rty ol.mall yuantitir.uf Huiard�,u•tiuh.tunreti Uiut are �:rnr�all� rrru�nvrd ta he appmpnatr tu n�,nnal
<br /> � re.idcnti;�l ux+anJ tu maintcnancc uf thr 1'ruExn�.
<br /> ���.,. +.�a Form 3018 9�y0
<br /> �
<br /> .
<br /> f -
<br /> - - — -- - _.� __ ---
<br />
|