|
--� .
<br /> _'��. ..' � I �.- -- —
<br /> ;,� • : � �.. .. __..�._.____..- � ---
<br /> � ,
<br /> � � '� .�
<br /> � ,
<br /> � . �j���
<br /> � '"' ' �To ����Z3- ..
<br /> _�s_.'_ ___"_'� � ., .... .. - . . . .
<br /> . .. .. . ... .... ...:..._ - _
<br /> -_._. ___.." _. ' . '_ .t+�►w�tt 7.Zn .. . .
<br /> �� p�ynKnfs n�ay no imsger la��equlrod�et the option of[.ender�if mortgage insunuic�covera�e(In tha n��x►unt en�1 fc�r tha period '
<br /> th�t l.ender requires)provlded by�n insurer appraval by I.ender again ixconus availaUlo�tiJ la ohsabiesi.Barravs+ar sltnll psy.
<br /> - thc�rcmEunu�equirod to n�aint�in mortgago insurance in tffxt�or to prov!de s fosa rescrvo,untfl tfne requircment for mort��e
<br /> inaur�noa ends in eocordanco with w►y wrliten�greement betwan Sornower and i,ender at�ppltatbie law.
<br /> -- 9. lrupectlon.Lsndcr or Ita agent roey make reasonable erttries upon and inspectione of tho Property.l.end�er shrll give
<br /> Borrawec notice et the time of or pdor m wn in�ection speciiying cr�wnable cau�e for the inspoction. —
<br /> _-�� _______________� 10. Cort�em�natton. 17�e proceals of any awenl or claim for damoges.di�ct or consequential. in eonnection with eny
<br /> - oondemnntlon or other taking of u►y pact o�i tho PropGRy�ot for conveyance in U�u of candemnation�ue hereby essigr+ed wrd � __ °-
<br /> �— ahail be pald to Lender.
<br />����#� In the event of a total tsking of the Pmperiy.!he proc�ais shall bo appiied ro the sums securrd by thla Socudty instrument,
<br /> ° whether or not then due�with any e�coesa paid to Borrower. In the event of a partial taking of the Property fn whtch tda fair
<br /> market value of the Property lmmaftately befom ehe taking ia equal to or gc+eater than tha amount of the suma sccured by thla
<br /> .. Secudty Instrument Imcnediately befom the tsking�unless Borrower and Lender othecwiso agree in wrlting�the sums secured by
<br /> this Saurity Inst�vment ahalt be reduced by the amount of the proceeds multiplied by the following fractlon: (a) ti�a totd -- --
<br />- emaunt of thE sums secured immedtatdy bsfore the taking,divided by(b)the falr market value of the Pmperty !mrt►ediacelY
<br /> I� before the takt�g. Any balance ahall be paid to Borrower. In the ovent of a purtiel taking of the Property in wMch the fair
<br /> J �� �� murket value of tha Property immodiately befare tho taking ie lesa than the amount of tha sums secured Immediately befom the
<br /> �aking,untesa Borrower and L.ender othenvise agree in wrlting or unless appltcable law otherwisa provides. the proceeds shall
<br /> � � ,�x_t��,..:,e,., be applied to the auma secured by this Secudty Instrument whether or not thc sums are then due.
<br /> �#i : � �.-�• • ;f the Property is abandoned by Borcower,or if,aRer noticn by I.ender to Borrower that the condemnor offers to make an
<br /> ,�..,,: __-
<br /> ,. , .�. y�.-�-`:,7 uwa�J or settt�a ctatnt far 8amagcs,Barravrec fa3ls to r�goad to Letsder w[thin 30 dAys aftar the date the notice ia given. �, _ -_
<br /> � ` ��'�' I.ender is authodzed to collect and apply the procr,eds.at its optton,etthsr to restoratton or repair o[the Property or to the aums __
<br /> ; . � secured by thia Security Instmment.whether or not then due. �:A�--
<br /> � .,� �� - Untess L.ender and Borcower othenvtsa agree in wdting, any appltcation of proceods to principal shatl not oxtend or �, -
<br /> ; ° . � " , postpone the due date of the monthty paymenta refened to in paragraphs 1 and 2 or chonge the amaunt of such payments. ���.
<br /> � � Il.Borcower Not Released=Forbearance By Lender Not a Waiver.Extension of the time for payment or modif3catton x`_�_�_
<br /> . '� of amortization of the sums securcd by thia Security Instrument granted by Lender to any successor in lnterest of Borrower shall .=��--
<br /> not operttte to release the liability of the original Borrower or Borrower's successo�s ln interest.Lender shall not bc require�i to �°.,�h•:�_
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify emortizr�tion � �,,.��
<br /> �. � • of tho sume secnred by thls Secudty Instrument by mason of any demand made by the original Borrower or Borrower'a •:-°t�;w�--
<br /> - = � _- • � sucrc�os�in inserest. Aap forbearance by L�nd�r in exPrcising any right or remedy shall not be a waiver of oc ptedude the ,,_
<br /> exercise of any right or remedy. � ` ��"�
<br /> � 12. Successors and Assigns Bound; Jotnt and Sevecal Llability; Co-stgners. The covenants and a recments of thla "''"` ''
<br /> s ;�,,..::-=
<br /> • S e c u d ty I n s t r u m e n t s h a l l b i n d a n d b e n e t l t t h e s u c c c s s o r s a n d a sst gns of I.ender and Borrower. subject to the provisions of '.,,-_.,.{�
<br /> , • paragrnph 17. Bonower's covenants and agreements ahall be joint and several. Any Borrower who co-signs this Securiry 1. ""=?
<br /> � , instrument but daes not execute the Note: (a) is co-signtng thIs Secudty Instrument only to mortgege,grc�nt and convey that .
<br /> ; . Bormwer's interest i�the Property undcr the terms of this Securiry Instrument;(b)is not personally obligated to pay the aums -- _
<br /> ' ' �� securcd by this SecurIry Insttument:and(c)agrecs that[.ender and any othcr Borrawer may asree to extend.modify.forbear or � � �,..i��
<br /> ;�• . make any accommodations with mgard to the tcrms uf this Security tnstrument or the Note without that Borrower's consent. ;
<br /> 13. Loan Char�es.If the lonn secured by this Securiry Instrument is subject to a(aw which sets maximum loun charges, __
<br /> and that law is ltnully interprcted so that the Interest or other lonn charge.�collected or ro be colle.cted in wnnection with the _—
<br /> ' loan exceed the permitted limits.then: (a)any such loan charse:�liall be reducal by the amount neceasary to reduce the charge
<br /> � � „ ro the permitted ljmit;and(b)nny sums atreudy c�aitected fmm Borrower which excecded pern�itted iimits wilt be refunded to ' ', ��.�=�
<br /> Horrower. Lender may choase to muke this refund hy reducing the principnl owed under the Nate or by making a direct ;.��'!-`
<br /> pnyment to Borrower. If a rcfund teduces princlpul, the �educHon wiU be treated as A pnrtinf prepayment without any ��"�"°�
<br /> prep�yment charse undes the Notc. � . ',r`' -
<br /> ;.,,._ _...
<br /> 14.Nottces.Any notice to Bonower provided for in this Security instrument shull be given by dclivering it or by mailing f ,
<br /> • it by first class maii unless applicable law requires usc of unotiicr tncthod, The noticc sl�ull bc dirccted to thc Property Address i ' ',
<br /> or any other sddress Borrowcr designates by notice to l.endcr. Any noticc tn Lcnder ci�ull bc given by first cluss muil to I
<br /> � Lender's address stuted herein or any oti�er address I..ender designntes by notice to Borrower. Any notice provided for in this �
<br /> � Security Instrument shall bc deemcd to have bcen�iven to Borrower or L.cnJer when given as providcd in this puragrnph. I
<br /> •• � 15.Coverning Law; Severnbllity. This Security Inxtrumcnt slinll bc grn•emeJ by fcdcral luw and ihc lnw of the i
<br /> j jur[sdiction in which the Property is Ic�cated. In ti�e event thut nny provision nr clautie��f this Security In�trument or the Note l
<br /> j contlicts with applIruble law. such conflict shnll not affect other provisions of this Securiry instrument c�r thc Note which can be �
<br /> given effect without the cnnflicting provision.To ihis enJ tl�e provisirnis of tliis Sccurity Instrument and the Note are declured �
<br /> to be severable.
<br /> . 16.Borrowcr's Copy.Bonnwcr shall bc givcn onc confnrmccl copy of thc Notc nnd of this Sccuriry Instrument.
<br /> Form 3028 8I90 �
<br /> Peqo 4 016
<br /> I
<br /> . l
<br /> - -- .L. --.-..- .-
<br /> ..— 7-- � - �- - ' -
<br /> ' : .
<br /> `
<br /> f
<br /> 7
<br /> �. �
<br /> �. j t
<br /> � ._._ . __ _ . ... _ . . . .. . __ . _ . . _ . _ ..
<br /> � —
<br />
|