|
� ' ; '�►'��-p' 1 , , ' . _
<br /> :�.•.� l. n'..-_
<br /> " .. ..�.�., r. _.,.n... _ .
<br /> . ..J.. __ _�._'_ _.-...
<br /> _-�--- ��.__._._�..:� � 4„�0�0l99
<br /> — paymenta mny rto longcr bo rcyuieed,at thr aption of Lertdcr.if moKgage insurnnce caveragcZin qia Rnx�unt and fbr the pci9ad
<br /> �hut I.ender rrqufres)pmvtded by en Insurtr epproveQ by Lendcr eguie�bocomts availablo und ia abtaineA. Banx�wcr shall pay
<br /> the prcmiums aquin�d ta maintain mortgege insuran�e in effcet,or ta provido�lasg rescrvc.until tQe rcqulrement for mactgu�c
<br /> insuranc�c endR i�acwrdanCO wtth uny written agseenunt betwcen Bnrtawar anci Lcndcr ar upplicublo law.
<br /> 9.Inapactton.Lender or its agent may make reasanabte entrlce upcm and inepcctiuna aP tNo Prapcny. I.crtder++hull glvo
<br /> Borrc,wer notioe at the time af or prior td an �nspecd�n spa�lfying rcasonable cau�o fbr tfio lnepcctian,
<br /> _ _ � t0. Cortdemt�nt[on.The prczceat9 of any t�werd or cliiim far dnmaBtw, direct ur conxequcntlal. in�a�roectinn with any �_ __
<br /> condemnution ar other taking of any part of the Froperty.or for conveyance In lieu af condemnation, arc l�crcby arisigncd u»d
<br /> Rhnil be paId to Lcnder.
<br /> dn the event of a total taking of the Prope�ty.the prcxeeda shull be applled to the sums secured by thla Secudty Instrument�
<br /> ' whether or not then due.wlth any excess paid to Borrower. In tho event of a partial taking af the Property in which tho fulr
<br /> �:,;�, market value of the Property immedistely bcfore the taking is equai ta or greater than the amount af the sums secured by thla
<br /> Secudry Instrument immediately before the taking,unles.g Barrower and I.endcr othcrwi�se agree in wrlting, thc sums secure�l by ___
<br />�x' this Securtty Inatrument shaU be reduced by ths emount of the procee�ls multiplied by the followtng fractian: (a) the total
<br /> amount of the sums secured immedfately before the teking, divided by(b)the fair merket value of the Property immedietely
<br /> - before the taking. Any balance shall be paid to Borrower. In the event of u purtial takin�of the Property in whtch the fair
<br /> market value of the Property immedlately before the taking is less then the amount of the suma secured immedistely before the
<br /> taking.unless Borrower and Lender othenvise agree in wdting or unless applicablc law otherwise provides,the proceeds shall —�- -
<br /> be appliad to the suma secured by this Securjry Instrurnent whether ar not the sums are then duc.
<br /> : �r ;,�:g j If the Pmperiy is abandoned by Sorruwer, ur if.after nottce by L,ender to Borrower that thc condcmnor offers to make an =
<br /> d �;,•_,r� �� I awnid or settte a ctairr� for damAgrs, Hotrau�er fail�to respond to Lender within 30 dnys after the dete the notice is given.
<br /> � • �, •�•+�,:�'a � L.ender is authorized to wltect and apply the proceeds,at its option.either to restoratlon or repair of the Property or to the sums _
<br /> ,��k�et.� ,4ti�y'•��'>' secured by this Securlty Instrument.whether or nat then due. =-__
<br /> -`f;����±�+- �'�'��•� Unless L.ender and Borrower othenvise agree in writtng. any application of procee�s to principel shail not extend or
<br /> �.
<br /> � `�'` postpone the due date af the monthly payments referced to in paragraphs 1 and 2 or change the amount of such paymenta. _ -
<br /> ` ' � ' " �'�',����� 11.Borrower Not Released; Forbearance Sy I,ender Not a Waiver.Extension of the time for payment or modification e_
<br /> • � , �•� af amortizatian of the sums se�:ured by this Serurity Instrument granted by Lender to any successor in interest of Bonower shall w�
<br /> • � nat operate to relcasc the liability of the original Horrower or 9orrower's successors in interest. Lender shall not be required ta �;;,,.�;p:
<br /> �� � commence proceedings against any successor in interest ar refuse to extend time for payment ar otherwise modify amortizittton Sy"'�-----
<br /> � ' of the sums secured by this Secudry Instrument by reason af any demand made by the odginal Borrowcr or Borrower's ��_'��
<br /> : °- `;, ' ° su�cessors in int�rest. Aay £arbcarancc by Lendcr in excrcising any right or remedy shsll not be a+3raiver of or prpelu�e th? � t�'�
<br /> � '� • exercisc of any right or.remedy. s•`''•�`�`
<br /> •���r-.
<br /> ' ° � 12. Successors and Assigns Bound; Joint and Severnl Llability; Co-signera. The covenants and agreemcnts of this '-'•w'ti;�_
<br /> Secur�t Instrument shall bind and benefit the successors and assi ns of I.ender und Borrower, sub'cxt to the rovisions of ��'�'
<br /> y S J P : :ai�_:.
<br /> , psvagraph 17. Borrower's covenants and agreemm�ts shall be joint und several. Any Borrower who co-signs this Security .__
<br /> Instrument but does not execute the Note: (u1 is co-signing this Security Instrument anly to mortgage,grant and convey that �a;
<br /> •'"".n.t.._._:—._....._��._..� ..
<br /> � „ Borrower's interest in the Praperty under thc tcrms ot th�s Sccurny lnstrument;(b)is not personaUy�otigateci lu pay Uic awus -_:=F;;.
<br /> " secured by this Security Instrumenr,and(c) agrees that L.ender und any ather Bonower may ugree to extend,madify, farbenr or '����°�
<br /> make any accommodations with regard to the terrns e�f this Securiry Inxtcument nr the Note without thut Barrower's con.tient. ' �
<br /> 13. I.oan CharRes.If the loun secured by this Security Intitrument is subjcct to u law whirh set�muximum lonn chnrges. °
<br /> and that law is finally interpreted so thut the interest or uther luan churgca collected or to be cc�llected in connection with the
<br /> ' loan exceed th��permitteci limits, then: (u)any such laun charge shuU hc�redured by the amount nece�tiury to raiucc the churge �
<br /> to the permitted limit; und (b)uny sums alrcady collccted from &�rrc►w�r whinc�xrcedcd permittcJ limits will be refunded to
<br /> ' Bi�rrower. L.ender muy chcx�se :o make this refund hy reducing the principul c�weJ under the Nnte ar by muking u direct
<br /> � payment to Borrowcr. If u refund reducc, priucipal, the rcduction will hc trcutcd •rs u purtial prepayment without any
<br /> pmpayment ch�irEc undcr thc Notc. ° .. .
<br /> � 14. Notices.Any natice to Borrowcr provid��i for in thi.Scruriry Instrumcnt�hall bc given by delivcring it or by mailing '
<br /> it hy fir.t rla,ti mail unlesx upplicable lu��•rcyuires use c>f anuthcr mcthod. Thr notire+hall hr dirrrted ta the Prc�perty Addre�s
<br /> or un�• ��thcr uddress Borrowcr deaignate� by noticc t<i I.rndcr. Any notire t<i L.cndcr shull he given by fint clu�s muil tn
<br /> � I.endcr'. uddress�tuted hercin or uny other;�ldress l.ender dc�ignuteti hy n��tire t�� &►rrowcr, Any nutice provided for in this �
<br /> , Security In�trument xhuU he decmed to havc lxen given ai E3urrciwer ur LenJer when�ivcn us pmvicled in this purugrnph.
<br /> 15. Gnvernin� I.a�v; Severabllit�. Thi. S�curity intitrumcnt �hull bc �ovcrncd by fedcrul law and the luw of thr
<br /> • � jurisdictiem in whi:h the Prnperty is Icnated.ln the event that any pruvi.ion or rlau.r ul'tl�i+Security Instrument or the Nutc
<br /> conflictti with upplicablc luw. .uch a�ntlict shall cx�t afl'ect�ithcr pruvi.i��n.uf thiti Scrurity In�trumcnt ur thc Nntc whinc�an bc
<br /> ' given effect without thc amtlirting pr�wisicm.Tu thi�cnJ thr pnwi�ion.of thi.Scruriry [natrwnent anJ th� Nate urc drelareci
<br /> ' tn bc�cvcrablc.
<br /> � 16. Borrower'x Copy.Burri�wcr�hall Ix�!iven onc a�nli+rnu�1 rupy uf thr Nute and uf thix Security tn�trument.
<br /> ' • Porm 3028 9/90 �:
<br /> Pnur 4 u1 6
<br /> — ,�.--.__ _—_.. . . . . . .. ., _ ,
<br /> � �.
<br /> � '
<br /> .� �
<br /> '1 '
<br /> � �
<br /> , �
<br /> � � �.
<br /> . ;
<br /> � 1
<br /> [
<br /> {
<br /> � � �
<br /> i
<br /> �. ' ..._. . _.. . _. _ . _ _ ._._. __ . ._
<br />
|