|
---- 1 � � . r:l,. �_._
<br /> _ _ _—.—_—_----. ___-___ _ ___ ... .
<br /> . ._ . . ..___. ..- _
<br /> _� . .{' __ = i - _
<br /> — - .� �
<br /> 94-io�.s�
<br /> caedemnatbn or other z�lcln�of wy prt of tb�Prop�ny.or far conveyanoe in Ileu oi ca�demn�tlon.�n bn+eby wlsned�ad
<br /> �h�ll b�paid a l.eider.
<br /> !n the event ot a wtal ukinQ of Ihe Ptopeny, the Rhali ix �ppliod to the �ums �ecured by this Sxurity
<br /> leutun�ant,whethnr ur not then due,with any rx��rr to B�nrower, In thc cvent of a partiaf takinQ of thc Ptoperty in
<br /> whkh the fdr m�rket v�lue of the Pnapeny immac!+ruly befarc the t�lcin¢is eqwl ta cx�re�ur than tho�rt�ount af tho�umi
<br /> rocarod by thi�5a�orlty Tnit�ument immediuely bcforo thc Wcin�,unku Borrnwer�nd Lcndcr otherwi���roe ln wrlting.
<br /> __„a� _ ,� the cum� recurcd by ehi�Secuclty Instrument ahall be roduoed by the wnount of the praeodK multfpUed by the following
<br /> frAClion: (Y)the tdal anwunt of the surtu��a:urod lmmodl�tely bcfore the tAking,divided by(b)�he fair mnrket value of the
<br /> PropeAy immediately beforc ihe txkin�. Any balu�cc �hal1 be p�id to Bom�wer. In the event of a panid uking of the
<br /> Property in which the felr m�rket velue of the Propeny immediutely beforc the takinQ ih Icss thsu�thc amount of thc sums
<br /> rocura!immadlauly befw+e the nicing,unloss Borrower and L.ender olherwise agree In wridng a unlexa applic�ble law
<br /> otherwice provtdes,ihe procoed��all be applied to the surtw cecured by thi�Secu�ity Ins�uument whether or not the sumf are
<br /> then due.
<br /> _ � If the Property!s abandoned by Borrower,or if,after rwtice by Lender ta 8orrower that the condemnar offers to make _
<br /> an�ward a rettle a claim for dama�es,Borrower fails to rcspond to Lendcr within 30 days after the datc the notice is givcn,
<br /> Lender is authorized to collect and appty the proceeds. nt its option,either to rostomtion or rcpair of the Property or to the
<br /> sumr secured by thi�Security Instrument,whether or not then due.
<br /> Unless Lendcr and Barrower otherwisc agrcc in writtng,any npplicution of procecds to principul sha�l not extend or
<br /> postponc thc due duta uf the mcxithly payments rcferrcd to in paragrnphs t a�d 2 or change the wnount of such pAyments.
<br /> ll. Bo�rower Not Rekasedt Forbearance By Lender Not a Watver. Extcnsion of the time for payment or
<br /> = modification af amortization of the sums securcd by this Security instrument granted by Lender to any huccessor in intercst
<br /> - of Borrower shall not operatc to rctcASC thc liability of thc original Borrowcr or Barowcrh succcssorc in intcrest.Lcndcr --
<br /> shall not 6e rcquired ta commence proceedings�gainst any successor ln intemst or rcfuse to extend time for payment or
<br /> otherwise modify amortization of the sums securcd by tbis Security Instrument by reAwn of a�y demand made by the original
<br /> ,... _ Bortower or Borrower�xuccessan in interest. Any forbcurance by Lender in exercising any right ar remedy shuil not bc a _
<br /> waiver of or prcdude the cxercise of any right or rcmedy.
<br /> 12. Successors And Asstgns B�ound;Joint wnd Several I.iubility;Co-signers. T1�e covenants and agrccmcnts of this
<br /> Security Instrument shull bind and benefit the�ucce�sors und acsigns of Lender and Barrower,subject to the provisions of --
<br /> � ' paragrnph 17.Borrower's covenants and agreements shall be joint and severnl.Any Borrower who co-signs this Security
<br /> Insaument but dces noc execute thc Note: (a)is casig�ing this Security Instrument only to mortgage,grant And convey that
<br /> Bo�rower's intcrest in the Property under the terms of this Securiry Instrumenr, (b)is not personully obliguted to pay the sums --
<br /> �•.�� secured by this Security Instrument;und(c)agrees that Lender und any other Borrower may ugree io extend,modify,forbear
<br /> �'t � ` or make any accommodntions with regard ta the tertns of this Security Instrument or the Note without that Borrower�s
<br /> , `°�'� consent. --
<br /> .. °,. �+-;.�•±�,-�'° i3. Y.orn Charges. tf the loun secured by chis Securicy Innrument is subject to a inw which sets mwcimum loan
<br /> ��',,�;`•��� � . charges,and that law fs finally intcrprcted so that ihe intercst or othcr loan churgeti collccted or to be collectcd in conncrticx►
<br /> +��,��,,. .
<br /> ..:,,,t,�; , with the loan exeeed the permltted limits,then: (a)any such lo;m charge shatl be reduced by the amount�ecessury to reduce
<br /> • • the charge to the pertnitted limit;and(b)any sums already collected fmm Borrower which exceeded permitted limits will be
<br /> 7,',lA;��.�'i�";M..;�.'.*' refundcd to Borrower. I.ender may choose to mukc this refund by reducing the principal owed undcr the Note or by making a �_
<br /> ;;;:,•�•'� ' '' direct payment to Borrower. If a refund reduces principal,the reduction will be treated a,a purtiul prepayment without any —�
<br /> � " . . ..:_�:._:' pnepayment chaz�e under the Note. —
<br /> _;.'�.;':., ` , , ,� 14. Not(ces. Any notice to Borrower provided f�r in this Security Instrument shall be given by delivering it or by =
<br /> „ . .,, . mailing it by first clnxs mail unless applicuble law reyuires utie of unother method.The notice shall be directed to the Property —
<br /> _ ,„ , . . , Address or any other addresti Borrawer dexignutes by notice to Lender. Any notice to Lender shull be given by first class ----
<br /> __ � mail to Lender's address titutrd herein or any othcr address Lender dc,ignatrti by notire to Borrowcr. An�•nntice pravided fo� �-"'
<br /> — r_.
<br /> —_- ' in this Security Instrument shall bc dramed to huve been given to Borrower or Lendcr whcn givcn as provided in this =
<br /> r�,e i�l.�::..:..�:j.�i,:. pa�agraph. _ —
<br /> � -. 15. Governing LAw; Severability. Thi,Securiry In,trument sh•ril be govcrncd by f'ederal law and thc IUw of thc —
<br /> .,....... . Jurisdiction in which the Prope:rty i,Iex•rted. In thc event thut uny provi�ion or clauxc of thiti Securiry Instrument or thc Note � -
<br /> • �„ conflicts with•rpplicnble law,such conflict shull not affert other provisirni,of this Serurity[ntitrumcnt or the Note whieh can �:�`•�
<br /> . , be given effect without the conflictin�provision. Ti►this end thr provision�of thix Security In+trument und the Note arc ��
<br /> � declared to be severable. —
<br /> , '�` ' 16. Borrower's Copy. Borrowcr shu116c givcn nnc mnfonnrd copy of thc Notc•rnJ of this Sccurity Instrument.
<br /> 17. 71rAnsfer af the Property or a Bene�icial lnterest in Borrower. If ull or any part of thc F'�opcny or Uny intcrc.t in �.
<br /> ���°' it i�sold ur transferced(or if a lxnefici.�l interc�t in Born�wer is aold or tranxicrred und Bormwcr is not a namral penon) .
<br /> ' ' ��^�• � wlthout Lender'x prior writte.n consent.Lender m:iy,;u it�option, reyuire immcJiatr payment in full of all sums secured by �.`:
<br /> � � �'�''�- � this Security Instrument. Howcvrr,this option xhall not be excreised by Lendcr if rxcrci.0 is pruhibitcd by fcdcral luw us of �`'.
<br /> ;�4' the dute of this Security Instrument. =_
<br /> ;� 1 If Lender exercises this option.Lender xhull givr Borcoa�er nutirr of acccleration. Thr notice.hall provide a period of �•�`
<br />, � �•• � not Icsx than 30 days f�om the dste the notice is delive�d or mailyd within whirh Burrower mu+t p:ry all tium,urured by this �._.:..-
<br /> ' Security Imtrumrnt. If Borrower fail. tu p:ry these sum+ priur tu the rxpirution of[hi. Exriai, Lendrr m•ry invoke any �-_
<br /> remedie�permitted by thi.Security Intitrument :�ithout fuAhrr notice ur drm:md on Borrower. �.;�
<br /> _ � ' , � 18. Borrower's RiRht to Iteintitate. 1' Borrower mect�rrnain rondition.. Borruwrr.h:►11 havr thc right to havc �::
<br /> �, enfot�ement of this Secu►iry imtrument dix�ooti�ued at any�time prinr a�thr earlirr of: 1a)5 d•ryti tor,uch other period u+ �-�-
<br /> A • Singk Family••Fannk Mae/FYeddie�Syc l'�IFi/R�1 I1tiTRC�1F:1T••Cndum�t'o�cnam+ 9/4(1 ryaipo�„/d�t�x,�,i i
<br /> �;. �`•'y
<br /> f � ^
<br /> .��� � r _ .. '�'.ii1`�.°�ch' .. • .. . . . . . . ... . . ., c"MP?Y�.��!r4@eF _:•8+�`.'4E'Ax'1- -- .. . . .
<br /> . `" -
<br /> J� .' . ,,.
<br /> '_' � �_' '_ '. '
<br /> �- I ... �... .. .
<br /> ' i
<br /> y . ,*..
<br /> —.i
<br /> :�� ,
<br /> �
<br /> __' ..�.�1 . .
<br /> .ry
<br /> �"_ • � . .. , .
<br /> � � „ � .71r+:4tr.a%�i'[. .
<br /> � ' � . � ..`:��l�k',-.x:'�7 '. ..
<br /> J , , .��..�'f
<br /> .L
<br /> . .
<br /> � i
<br /> F . . �
<br /> K . � .
<br />
|