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94101835
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Last modified
3/9/2012 1:44:24 PM
Creation date
10/21/2005 2:44:26 AM
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DEEDS
Inst Number
94101835
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E. r� Y..: <br /> � '�'� � �.i �:�� � � " _ <br /> � � r 1 . -�-.. .'�L':. ' , .n__.�.._ .- <br /> -"'..'� -.. .. � � '-'..,.�_--__ <br /> _�_--- --' -yY _ �� �O/�� _ _ <br />'`��-��� condem��uUon or othcr tukirg uf nny part of the Propcmy,or for convcyance in licu af condemnattan,nra hcreby nsslgned nnd = <br /> " ..�.,,�,..;.,,�„�,.., shull be paid to l.ender. �--� <br /> --- _--- In thc evcnt of a tatal tuking of the Property. thc proceeds ehall bc upplfed to the Rums scxwred by thla Security <br /> r � tnstrument,whether ar no�then due.with any excesa paid ta 8arrower. In the ovent oP u pArtial tuking oY the Pcaperty in <br />— which tha fair markct vnluc of the PrupcAy immedintely befura the toking ls equal to or greatcr than tho umount of the sums <br /> - secured by Ihis Secudey Inxtrumeat Immediately before tho tnking.unless Bottower nnd Lender otherwtso agoce in wrlting, _ <br /> : ^ �!°�� the sums secured 6y�his Scrudty Inauument shall be reduced by the umount oF tha proccedR multiplled by tha followiag <br /> ��;, fraction: (n)the toW umount af the suma r,ecurcd immedlately betare the taking.divided by(b)thc fuir murket value of the r <br />_ property immediately hefore the taking. Afly bulnnce shall be pn(d to Barrower. In the event of u purliul tnking of the <br /> �''�. ,:' : ; Property in which the fair market vnlue af the Property immedintely before the taking Is less than the umount of tha sums <br /> �'-+'�";'';i;;'.� secure�l immediately before the taktng,unles.4 Borrower artd I.ender otherwise agree in writing or unleas appllcable luw <br /> �'''� °`� ' atherwi�e provides,the praceed.g shall be opplieil ta the sumg secured by this Secudty instrument whether or not the suma uro <br /> . - �� . <br /> � ��• � � then duc. <br /> �� y }�'"`"•`"' ""` �' If the PropeKy Is abandoned by Borrawer.or jf,�+fter natice by Lender to Borrower thAt the condemnor offer�to make <br /> �:.•. . <br /> " ^•'�'.�.; ..'�:, ��' un award or�ettle n cluim for damageR,Bortower fuils to respond to Lendcr within 30 days utter the date the notice is given, ` � <br /> ,�,,:. .. <br /> ' ' Lender is nuthodud to collect and upply the proceeds,ot 3ts aptlon,either to restoration or repair af the Property ar to tito _.. <br />�1 ; , � sums secumd by this Securlty Instrument.whether or not then due. <br /> � ,�r ��, .', Unless Lender and Barrower otherwise ugree in wrlting,any applicution of proceeds to pr�ncipal shall not extend or <br /> �� . ° � postpone t ho due dute o f t he mon t h ly paymen ta re fe r r e d t o i n p n►a g rn p h s 1 a n d 2 o r c h a n g e t h e u m o u n t o f s u c h p a y m e n t s. <br /> �:� �. 11. Borrower Not Retes�sedi Forbearance By l,ender Not a Waiver. Extension of the time for payment or , <br /> �;' N, modificntton af umortlzation of the sums secured by this Seciulty Instrument grnnted by Len der to uny successor in interest <br /> � �'•.. ' ., of Borrowcr sbaf!not opernte ta release the 1labtqty of the origlnnl Borrower or Born►werh auccessars in intec�est. Lender �_ <br /> -- — shnll not be required to commence proceedin�s u�ainst Any successor in interest or refuse to extend time for payment or _. <br /> �- � � '� otherwise modify amortizatlon of the sums secured by thiti Secwity Instrument by renson of any dem�nd made by the onginal -- <br /> 8orrower or Borrower�s successors ln Interest. Any forbearnnce by Lendar in exec�i+ing any right or remedy shall nol be u <br /> : ' wuiver of or pr+eclude ihe exercise of siny dsht or remedy. �'�'�'` <br /> . � 12. 5uccesso�v And Asstgns Bound=Jolnt and Several 41a6ility;Co-signers. The covenunts and a�reements of thts =- <br /> . � Security Instrument shall bind und benefit the successon ond assigns af Lender and Borrower.subject to the pmvisions of �.t� <br /> . , purugrnph 17. Borrowerc covenants and ugreements shull be joint and several. Any Bonower who co-sig�s this Securtty <br /> �� Instrument but does not execute the Note: (n)is co-signing this Security Instmment only to mortgage,�rant and convey thut � <br /> ' Borrawer!s interest jn the Prnperty under the terms of this Sccuaty Instrument; (b)is not personully oblisuted to pay the sums !�.-- <br /> secured by this Secndty Instrument;und(c)ugrees thut Lender and wy ather Bortower may agree to extend,modify.forbear � <br /> � or muke any accommadations with regard to the termti of this Securiry lnstrument or the Note without that Botmwer� � <br /> � consent. <br /> - _---- I3. I.oan Ci�acges. If thc loun.�:u�r3 i+y tht,S�u�ity Irictrumcai is �ubjcci to�la::� ::�hich sets ms.Ylmwn loan � � <br /> churges,and that law is finolly interpreted so that the interetit orother lonn char�ex collected or to be collected in connection � <br /> t wlth the lonn exceed the permttted I[mits,then: (a)uny such loan char�e xhall be reduced by the armount necessary to mduce <br />
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