|
� �.��� � ^-.
<br /> :,;
<br /> - - -� ------==� � �,�,- �d/'�
<br /> caxkmnulon,or ahcr udcina of�ny p�rc of�he Pmpeny.or fot conveyanoe in lieu of condetnnatlon,�re hereby wipied�nd
<br /> dwll be p�id w L.enda. i,.. . .. . •
<br /> In tha event ot�toql tikin=of die Propaty. the ptooeoda�ll be appikd to the wm�iecured by �hh Sucurity
<br /> Itutcument. whether ar not dKn due,wlth any exoe�a pud to Hormwar. i�n thc ovent of n{wti�l t�Ecfn�of ihe Property in
<br /> which ttn fair muket vdue of the Propeny immedi�tely befa+e the t�lcins ia eqwl tn or Sroater thu�the amount of the wms
<br /> �oed by this Sccuriry Instrument immedfately beforc the Wcing.unkia Aarower at�d I.endcr otherwise�gra in writ�n�.
<br /> the sum��ecwed by thi�Socurity Initn►ment ahdl be rcduced by the amount of the praceeds mult=plied by the following
<br /> fhrtinn: (a)Ihe taGal anuunt of the suma�cured lmmediwtely beforc the t�kin�,divided by(b)the f�ir m�cket value of Ihe
<br /> ��-r T T --�---� Property i��iuii•rtcly bcforc the wking. Any balancc sfiall bc pald to Bnrcower. ln 4hc cvent of a parltal taking of the
<br /> Property in which the 61r rtuuket v�lue of the Propecty immedi�tely befooc the uking is Iccx than the amount of the aums
<br /> a�cu�ed immediately before the wktng, unlcas Borrower and Ler.der athervvise a�rce in wrieing or unkas applicable law
<br /> otherwise provldec,the proceeds stall be�pplied to the suma securod by this Security tnswment whether ar not the:ums uv
<br /> then due.
<br /> If the Property is Abandoned by�Borrower.or if.�fter notice by l.ender to Borrowcr that the condemnor offcrc to m�ke
<br /> — an awArd or settle a claim for dwnages.Bortnwer fails to raspond to Lcnder within 30 days after tlx date th�notice is give�.
<br /> -- Lender!s authorized to collect and apply the procecds,at its o�tion,either w restorotion or rcpair of the Property or to the
<br /> :umi secured by thls Security Insuument,whcthcr or not thcn due.
<br /> Unless Lender and Borrower otherwise agree in writing.any applicution of procads to principat shall not extend or
<br /> postpone the due datc of the monthly paymcn�s r�eferred to in paragrnphs 1 und 2 or chunge the amount of such paymenta.
<br /> 11. Bo�rower Not Rrleased; Forbeara�ce By Lender Not a Wi�iver. Extension of the time for pxyment or
<br /> modification of amortlzntion of the sums secured by this Security Instrument granted by Lender to uny successor in interest
<br /> � of Acxmwer shall not oQerate to rckase ihe liability of the original Bomower or Barrowerl�successocs in intercst.L.ender _
<br /> shaq�ot be rcquir�ed to commence praceedings against any successo�In interest or refuse to extend time for payment or
<br /> ' otherwise modify amortization of the sums secured by this Securiry lnstrument by rcawn of any demand made by the original --
<br /> Borrower or Borrower's successors in interest. My forbearance by Lender in exercisiog ar►y right or remedy shall not be a
<br /> '� ., . waiver of or preclude ihe exercise of any right or rcmedy.
<br /> ''�`•°`-�' '`��- 12. Successors And Assig�s Bound;Joint and Several I.iability;Casigner�. The covenants and•agrecments of this
<br /> Security Instrument �hall bind aad bencfit the successors and assigns of Lender sind Borrower. snbject to the provisions of
<br /> , �, , paragraph 17. Borrowerc covenants nnd agreemen�s shull be joint and several. Any Borrower who co-signs this Security
<br /> � '�;';;;,;;;•`;�;., Instniment but does not execute the Note: (a)is casigning this Security Instrument only to mortgage,grant and convey that
<br /> �`' `'' Borrower's interest in[he Pro rt under the tccros of thix Sccuri Instrument; (b)is not nonall obli uted to a the sums
<br /> . � q..,.�,�,_.•. ''� Pc Y ty p� � Y S P Y
<br /> , �_�� . ••- � sccured by this Security Instrument;and(c)ugrees that Lender und uny other Borrower may ugme to extend,modify,forbear
<br /> - "'� ����:-��` or mnke any uccommodations with r�egard to the terms of this Security lnstrument or the Note without that Borrower'.s
<br /> �- . consent.
<br /> '" "'�?��`�'•� " �` ' 13. Lopn CharQes. lf the loan secured by this Security Instrument !s subject to a !aw which sets muximum loan
<br /> ;,�.,: ,--
<br /> ••��1 �" �� charees,and that law ic finaUy interpreted so that the interest or other loat►char�e�collected ar to be collected in cannection
<br /> '�'�`'�Y �� � with the loan exceed the pertnitted limits,then: (u)any such lopn churse shall be reduced by the amount necessary to reduce
<br />� : the charge to the perrnitted limik and(b)any sums afready collected from Botrower which exceeded permitted limits will he
<br /> � � refunded to Borrowcr. Lender may chcwsc to makc this refund by reducing the principul owed under thc Notc or by making a
<br /> � " din:ct puyment to Burrower. If u refund reduces prinripal,the reduction wiil be treated us a partial pmpayment without any _
<br /> prepayment churge under thc Notc.
<br /> 14. Notice9. Any noticc to BotTOwcr provided for in this Sccurity Instrumcnt �hall bc givrn by delivcring it or by ---
<br /> � . mailing it by first class mail uniess applicable law rryuirc`utie of another method.The notice shull be directed to Ihe Propeny
<br /> .. `�s'�^•�"° -"• ' Address or any othcr addrcss Borrawer detiignates by notice to Lender. Any notice to Lcnder�huU be given by fint duss
<br /> mail to I.ender's address stated hercin or any other addre.ti Lender dc+ignates by noticr to Bonower. Any notice provided fo�
<br /> `�,_. � «s^- • •- � in this Security Instrument shall bc deemed to havr been given to Borrower or Lender when given as provided in this �, `
<br /> - paragraph. �:.
<br />.°� IS. Governln�Law; Severability. This Sccurity Instrumrnt tih•rll tx govrmed by fedrrrl law und thc law of the
<br /> jurisdiction in which the Pruprrty i.lac:�ted. In the ev�nt that uny provi,ion or clauu uf thiti 5ecurity Intitrument or the Note "'`
<br /> � •
<br /> , conflicts with upplirable law,cuch canflict tih:dl not affect othrr provi,ior►m of thi�Security In�tniment or the Note whieh can �
<br /> .. � he given cffcrt with�ut thc rnnflictinc pmvision. To thiti end th� provi�ion�of thi, Sccuriry In.trumcnt and thc Ncue arr =--..
<br /> declamd to Ix�evcrable. �;-
<br /> 16. Barow�er's Copy. Borrowrr shall Ix givcn onc cantiim�rd r��py��f Ihr Notr and i�f Ihi.Scrurity Instrument. =-
<br /> 17. 7lransfer of the Propertv or s�BeneficiAl Interest in Ik�rrower. If all or:,n�•pan of thr F'roExrty or any intcrrti[in
<br /> ' it is sold or tranxfrrred(or if a txnctiri:il intrrr.t in Borruw•rr i� �old ar tran.IrrmJ and Bom�wcr i.not a natural person) _
<br /> " . .. . withnut Lender;priorwritten consent.Lendrr may,at it,option. rryuirc immcdiau paymrnt in full of all.um�.ecurcd b�• �
<br /> this Serurity Imwment. Howcver,thi�optiun�hall nut tx exrrciuJ by Lcndcr if excrcitie i.pr�ihibited by fedrral law a.ot' _`
<br /> , thc datc of thi�Security lntitrumcnt. -
<br /> �.:�.w If Lendcr cxcrciscs thix option,Lcndrr�hall gi�•r Borrowrr noticr uf ucrclrrutiun. Thc nutirc.hall pruvidc a Fxri�xi ot' -.
<br /> � '` not Icsx than 30 day�frum thc datc thc nuticc i,dclivrmd ar mailcd u�ithin w hirh Burroµ•cr mu�t pay all tium��rcumJ by this
<br /> • Sccurity In+trument. If Burrowcr fail� to pay the,c �um.prior tu th�rx�irati�m of thi+ �xricxi. [.rndc�may invoke any � ••
<br /> �: mmedies permittrd by thi�Srcurity In,trument w•ithuut t'urther n�Hicr��r drmand un BunoNrr.
<br /> ;,; ' ; 18. Borrow�er's Ri�ht to Reinxtute. If Rurru���er nuet�rcrtain r�mditium. Burrc���cr .hall ha��r thc right tu havc
<br /> : � � � enfcxrement of thi+Securiry ln.trument di.rantinucd at:►n��tim�priur t��th�e:�rlier uf: la 1 5 du��.tur wch other peri�xi a� �
<br /> . ,. SingleFrm�ly-•Frnnk�tueFreddk�tacCNlFt)R�tlVtil'Rt11E�1-•Imturmc'�,�cn.m�. 9:V0 �p�pra.)nprpr.� i
<br /> �
<br /> - .
<br /> . ;•. , •
<br /> ,
<br /> � _ ----�---- . .
<br /> �+
<br /> ;�,. .
<br /> _ � - — —:--- — ---_.-- _
<br /> • !'a
<br /> : y
<br /> � � •
<br /> , S�
<br /> �� .! .�..��J'YAK:��•�•
<br /> . � .._
<br />�. � �
<br /> 'r
<br /> � � _ _ -
<br />
|