|
.�_.�,,..,_�..-,� ;:�:.. _ ..
<br /> - ---
<br /> , -
<br /> .-� �> � ���� � � _ -
<br /> . �".: ! ��� �y"'` f.�
<br /> � c�,i��+. �=y.� .:�>_ ,. ..
<br /> . �
<br /> . _ ..
<br /> �_ -- - � - - ---� .
<br />- _------- _ 94-�.��s
<br /> -- - candemnatton or other taking of any purt of:ho Pmperty.crr for conveyunce in Iisu of condemnatton,ure hcreby a5signcd and
<br /> � ehaq ba paid to Lender. -
<br /> _ _.._..,a,......� In the event of a total wking of tha Propetty. tho proceeds shoJl be applied to the sums secured by thts Security
<br /> -------— Instrument,whether or not then duo.wtth nny excess paid to Borrower. In the event of a puttiN taktng of the PropeRy in
<br /> ` wh{ch the fuir mazket valus of 1he Property immediutely beforo the tsking is equnl to or g�+eater than the amount of the suma
<br /> —` -"° �"- ` ° "��' secured by thiR Security Insiruntent immediatcty befare the wktng,unless Borroa�er snd Lender atherwlse agreo in wdting.
<br /> '� � the sums secured by thia Secudty IRSaument shaU be reduced by the amount of the proceeds multiplied by the following . . . _,__
<br /> -.��� � fracdon: (a)the total emount of the sums secw�ed lmmediatcly befor�e the taking,divided by(b)the fair market valuo of the `--
<br />-. Property immedietcly before ihe taking. Any belance sh�ll be paid to Borrowcr. In the event of a pardal takins of the
<br /> Property in which the fair market value of the Prope�ty immediately before the taking is less than the amount of the sums
<br /> secured Immediately befor� the takfng,unlesa Bonnwer and Lender otherwise agree In writing or untesa npplicable law
<br /> ���,� :,y othetwise provides,the proceeds shall be applted to the sums secured by this Secudry Insuument whether or not the sums are _ �
<br /> � then due. --�
<br /> -=;,��..,,�� If the Property ls abandoned by Barmwer,or if.after notice by i.ender to Barrower that the condemnor offera to make �
<br /> — -=--_ - .. _
<br /> . �'��`�;,,•�`; an award or settle a clsim for damages,Borrow�r fuila to respond to Lender within 30 days after the dute the natice is glven. �,
<br /> ,�,,�:.,,��:., , • � Lender is uuthorized to collect and apply the praceeds,at its option,either to reatorattan or repair of the Property or to the =_ __
<br /> J ' �� • +" sums secured by thls Secudty Instrument,whether or not then due. _�
<br /> • - ��'�" Unless L.ender and Borrower otherwise asree in writing,any appl[catIon of proceeds to principal shall not extend or _—_—_
<br /> ,_:.. �
<br /> '. •�..•. ', postpane the due date of the manthly paymeot�referred to in parngrnpha 1 and 2 or chan�e the amount of such payments. ���9«.
<br /> � ' ' •�.;;:• ,..-�: I1. Borrower Not Released= Forbearance By I.ender Not a Watver. ExtensIon of the time for a ment or �'.`` '"-- "
<br /> P Y r_r.,,,;_..--
<br /> .• � : modification of amortizatIon of the sums secured by this Secudty Instrument granted by Lender tu any successor in interest .�t r;w:-
<br /> ' "� ° ,, af Borrowar shaii not operatc w reteusc the Ilabitity of d�e origtnal Borrower or Borrowcr x successors in interes t. L en der . - -
<br /> -- --=-�'-�--- - �i�alt n:+t bc, r.,quirc3 ta cocrsmence pr�eeclings aSsin�t sny successor�n intprpct nr refi�se to eztend time for payment or � �"� _ _ _
<br /> � . athenvise modify amortizetIon of the sums secured by this Security Instrument by reuson of any demend made by the odginal �.::,w
<br /> ^ Borrower or Borrower's successors in intereu. Any forbearat►ce by Lender in exercising any risht or remedy shall not be a ' - __
<br /> ? walver of or preclude the exercise of any right or remedy.
<br /> ,.... . , ' �
<br /> .• 12. Suctessora and Assigns Bound; Joint and Several i,iabllity;Casigners. 'fhe cavenants und agreements of this • __
<br /> . � Secudty Instrument shall bind and benefit the successors and ussigns oF Lender and Horrower,subject to the provisions of -
<br /> paragraph 17. Borrower's covenants and agrecments shall be Joint and several. Any Horrower who casigns this Security � r,�.,
<br /> �� Instrument but dces not execute the Note: (a)is casigning this Security Insuument only to mortguge,�rnnt and convey that . ��
<br /> Borrower�s interest in the Propeny under Ihe terms of ihis Security Instrument; (b)is not personnlly obligated to pay the sums ,{��, --
<br /> " secured by this Securjty Instrument;and(c>agrees that Lender and uny other Borrowcr may agree to extend,modify.forbear . -
<br /> � ; or make any accommodations with regurd to the tertns of this Security Instrument or the Note without that Borrower's •
<br /> -_ ` A, --- consent. �•:.
<br /> ' 13. I.oan Cbatges. If the loan secured by this Secunty lnstrument�s su b�ect to a iuw w hic h secs mauimum Iuun ° ° °°° '' "�
<br /> '` charges,and that law is finally intetpreted tio that the iaterest or other loan charges cotlected or to be collected in connection
<br /> with the loan exceed the permitted limits,then: (u)any such loan chnrge tihall be reduced by the amount necessary to reduce , ,
<br /> • the charge to the permitted limit;and(b)any xums ulready collected from Borcower which exceeded permitted limits will be .•
<br /> ' refunded to Borrower. Lender may choose to muke this refund by reducing the principal owed under the Note or by making n ' ti� ,
<br /> ' dlrect payment to Bonower. If u refund reduces principul,the reduction will be treated as n partial prepayment without any �t '
<br /> �: . prcpay�ucid ci►mbe w�der the Note. - _
<br /> 14. Notices. Any natice to Borrawer provided for in this Security Instrument shall be given by delivering it or by ��,�� .
<br /> . • maili�g it by first class mail unless upplicable luw myuire�use of another method.The notice shall be directed to the Yroperty �
<br /> �i i'` .
<br /> • Addre�.s or any other uddress Borrower designute� by notice to Lcnder. Any notice to Lender shall be given by first class .� �
<br /> muil to Lender's addrcas stuted herein or any aher addrcss Lender designatex by natice to Borcower. Any notice provided for w,_ ;
<br /> in this Security Instrument shnll be dcemed to havc becn given to Borro�vcr ar Lender whcn given ax provided in thix ;;; ` ��,
<br /> ° parasraph. � �,9�.
<br /> .. Y�. ��.ua�
<br /> 15. Governin Law: Severabllit 'This Securit Instrument shull be overned b fedea+l law und the luw of the y`. ,..:�
<br /> � Y Y € Y J��.;: �� -
<br /> � jurisdiction in which the Property ix Icxuted. In the cvent thut uny provi,ion or clau.e af this Security lnstrument or the Note r'' •.*• ?�
<br /> � conflicts with upplicable law,such conflict shall not uttect other provisions of this Security In,trumerit or the Note which cAn � • �." ;j�
<br /> be given effect without the conflicting provi�ion. To this end the provisionti c�f thi�Securiry In+trument nnd the Note are _ �.R
<br /> � � declured to be severabie. � • � - -
<br /> 16. Sorrower's Copy. Borrowcr,hu I!he given one conformed copy of the Note and of thiti Security lnstrument. � �-
<br /> . 17. 1YensPer of the Property or a Beneficial Intcrest in Borrn�ver. If all nr any pnrt of the Propeny or uny interest in �:.:.�'. •�� "_'f-
<br /> it is sold or transfernd(or if a beneficial interr�t in Bormwcr i+sold or transferrcd und Botrower is not a nuwral person) f �`
<br /> ' without Lcnder's prior written conxent,Lender muy,m its nption,require immediate payment in full af ull sums secured by I "�
<br /> this Security Instn�ment. However,thi+option shull not be excrcitied by Lendrr if c:xerci�c i�prohibited by federal law u.s of
<br /> the dute of this Security Intitrument. ' ,��
<br /> If Lender exercisex this option,Lender.hall give B��rcower notice of Accrleration. Thc notice shall provide u period of y
<br /> . not less than 3U days from the dAte the natice is delrvercd or muiled within which 8orrowcr mu.t puy 311 sums,ecured by this , ., ,
<br /> � Securiry lnstrument. If Borrower fuils to pay these xum. prior to the expiration of this period. Lender may invoke any
<br /> remedies permitted by this Security Instrument without furthrr notice or drmand on Aorrowcr. a
<br /> � 18. Borrower's Right to Reinstate. If Borrowcr meet, rcrtain rondition., B��rrawcr shull hs�ve the right ro have I �
<br /> � enforcemcnt of this Security Instrument di�wntinucd at any timc prior to the c:vlier of: (n15 days(ar such other period as
<br /> Singk Family••FannleMae/F�eddle Mac l'NIFUR�1 I�1tiTRl•�1F:NT••l�ndi�rmCovrnan�� 9190 (/wge4 uJn puxes� `
<br /> � I
<br /> , .
<br /> ,.�
<br /> � ' � • `.
<br /> i` .
<br /> �
<br /> Y ' �
<br /> "; `
<br /> . ,
<br /> -- �- _ _ - �—
<br />
|