|
_ __ . _.� _ �. . _ ._
<br /> �� ,��'�.r i' �. �.��'"�' „ _ _ ; _�
<br /> . . .�. ��
<br /> .
<br /> . �
<br /> .
<br />__ �_ , s� �
<br /> _ --..,- _.-
<br /> _.._�.��._
<br /> .�--__ - 9�Q ,
<br /> _ ,. :_�., e_-. .. - _
<br /> -:�:_,:..���:a.x:d..� ----
<br /> —.= condemnatfon or other tsking of any pari af the Property,�r for conveyance in lieu of coridemnstion,are her� y asslgned�nd
<br /> " shall be pntd to Lender.
<br /> — = in the event of a tatal taking of the Praperty� the proceeds shall be applied to ttm surtw saured by this Secu�ity
<br /> insuument,whether or not then due. with nny excaes pald So Batrower. In the event of a partial taking of the Propeny In
<br /> �_.� which the fair market value of thc Pcoperty lmmed[ately 6efor�e the takins is equsl ta or greater thari the amount of the+sumx
<br /> �__-
<br /> �" �}�; secured by this Secudty ln�trument immed[uEely before the taking,untess Borrawer and l,et�der atherwise agree in wribng, = _T - -
<br /> " the suma secured by this Security Inauumem shall bo reduced 6y the amount of the proceed9 multiplied by the followin� - _
<br /> �;� fcuction: (a)the total amount of thc sums secured immediately before the taking,divlded by(b)the fuir market value of the
<br /> Property immediately before the taking. My balance shall be paid to Borrawer. In the event vf s partial taking of tha
<br /> �a.4,��, Prnperty in which the fuir market value of the Property immediately befare the tsking is Icss than the umount of the sums
<br /> - `��'� �? hecurrd immedfatcly before the tuking, unless Borrower and Lender othenvlse agree in wridng or unless appltcable law _
<br /> y ` c4�, otherwise provides.the proceeds shall be applied to the aums secured by this 3ecudty Instrument witether or not the aums are �
<br /> , .,- ..
<br /> , ,. ..
<br /> � t.. ..,.:. �
<br /> � °��` �`�` then due. �
<br /> . J.J�.`.V..•. .!"..1
<br /> , . ;,,..•��:�dt;�I If the PropeRy is abandoned by Borrower.or if,ufter notice by Lerder to Borrower that the condemnor offers to m e � -•- ---------
<br /> ` *�� Y ' 4 un uwurd or settle a claim for damages,Borrower fails to respond to Lender wlthin 30 days after the date the notice la given, __
<br /> � '�� �'��1;=• ' ' '�� Lender iR authodzed to callect and upply the proceeds,at its option,either t�s restaratiun or repa�r of the Pcoperty or to the -
<br /> ?�'t�'��•����•�' sums secured by this Security lnstrument,whether or not then due.
<br /> �•�°'• ' Itcution of roceeds to dnci al shall not extend or
<br /> � � � � � � � Unless Lender and Borrower otherwtse agme in writing,cuty app p P P -
<br /> ti5., ,.
<br /> .,;.,,, 'i,, , •, ,;, postponc the due dute of the monthly payments referred to in parugraphs 1 and 2 or change the amount of such psyments. �Y_.�==-.--=°-�" -
<br /> .., _,�; ll. Borrower Not Released; Forbear�nce By I.ender Not a Watver. Extension of ttie time for payment or �,� -
<br /> � � " modification of emortIzation of the sums secured by this Securlty Instrument granted by L.ender to eny successor in interest �
<br /> _ ��• _ � ___ ' of Borrower shall not opemte to release the lisbiliry of the original Borrower or Borrower� successors in lnterest.Lender ��."`* , .__
<br /> � � �� ' shall not be required to cammence proceedings against any successor in interest or refuse to extend cime for payment ur `= .
<br /> otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the or�gInal
<br /> } � Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a �.�,�;s��
<br /> , � ;,,� waiver of or preclude the exercise of any right or remedy. -�-
<br /> ' ' 12, Successors and Asstgns Bound;Joint and Several Liability;Casigners. The covenants and a�reements af this � '�5a�c�;�
<br /> , ,�: • --
<br /> - � �._ Security Instrument shall bind and benefit the successars and assigns of Lender and Borrower,subject to the provisions of . „�
<br /> �, ;; � ' puragraph 17. Borrower's covenunts and agreements shall 6e joint and several. Any Borrower who co-signs this Secudty � `�`,;._.,:
<br /> �• A.�-rrn.�.
<br /> ' Instrument but does not execute the Note: tu)is co-signin�th[s Security Instrument only to mortgage,grartt and convey that � : -�;�
<br /> ' Borrower's interest in the Property under the terms of this Securiry Instrumenr, (b)is not personally obligated to pay the sums '� F'�
<br /> � secured by this Security imtrument;and(c)a�rees thnt Lender and cuty other Borrower may agree to extend.modify,forbenr ���
<br /> � � .. or mnke uny uccammodations with regard to the terms of this Security Instrument or the Note without that Borrower� ' � —
<br /> ..�•:�--
<br /> ; � _ � canscnt. �
<br /> 13� I.oan Char�e�a. if thc loan secured by thi� Security Instrument is subject ro e law which sets maximum loun
<br /> •� , charges,und tNat luw iy finutly interpreted xo that the intemst or other luun churges collected or to be collected in connectton —
<br /> � � with the luan exceed the permitted limits,then: (u)uny.uch loan chorge shall be reduced by the c►rnount necessary to reduce •� „
<br /> the churge to the pem�itted limth und tb)uny tiums ulreudy collected from Borrower which exceeded permitted limits will be __
<br /> rcfunded to Bo�mwcr. I.ender may rhoo�e to muke this rcfund by reducing the principut owed underthe N�te or by muking u ,
<br /> .... dim�•t pnyment ai Horrower. If i�mfund reducc.principul.thr reduction wUl he trc�ted us u partiul prepuyment without uny __. _ _ .���
<br /> pnpuyment rhurge un�lcr thc Ncitr, „
<br /> � 14. Notteer+. Any notice to Hottower provided fur in thi.Srcuriry Imtrument xhull be given by delivering it or by ��
<br /> ° ' ,� nudling it hy fir�t ciu�.muil unir++a�ppiiruhle luw nquir��uu of un��ther meth�xl.The noticc shall txdirccted to the Property '�'
<br /> � " Addrcsx ar uny othcr udJreti+Fiorruwcr designutrti by nc,ticc t�►I.cndcr. Any notice to Lender shuil bc given by ftr�t duas 'i� __
<br /> muil to I.rndcrk uddres�.tuted hrnin or imy othcr uddn�s,Lrnder dcsignates by notice to Borrowcr.Any notira provided for �
<br /> in this 5ecurity In+tcument +hall be d�enud to huve tken glven tu Bonoa+er or Lender when given a. provided in this L%�`z-
<br /> _f r 1 _._.
<br /> � , puru�rnph. �,.�
<br /> 1S. GoverninF I.aw; tieverability. Thi�Security In+trument �hull be gnvemed by federui law nnd the luw of the �y�
<br /> , �� � juri+dirtion in which thc Property i.lacuted. In thr evcnt thut uny provi+ion or cluusc of this Security Instrument or the Note ��_
<br /> , conflicts with applicablc luw,tiuch r�intlict shull not uffect�nher provi,iom of thix Security Instrument or the Note which cnn , :�
<br /> - Ix given effc�ct without the conflicting provisi�m. To thi�end thc pruvisionti of this Security Intitrument und the Notc arc , . �
<br /> ' , declumd to b�:severable. . �• •
<br /> ' 16. Borrower's Copy. Borrowcr xhull tx given onr ronfarmed copY of the Note and of this Security Instrument. „ •
<br /> 17. 71�unsfer of the Property or a Beneficiet interest in Iiorr�Wer. If all or any part of the Property or uny interest in .,
<br /> it ix sold or tnm+ferred(or if u heneficiul interext in Bormwrr i+sald or transferred and Borrawer is not u nntural penon)
<br /> ` � without Lender's prinr writtcn ron,ent.Lendcr muy,ut itx optiun,rcyuirc immcdiutc payment in full of ull sums secured by ;
<br /> � thi.Securiry In.trument. H<�wcvcr,thix option shull not tx cxcrci�ed by Lendcr if exercisc is proh ibited by federal luw us of
<br /> the dute of thix Scrurity Instrument.
<br /> If Lcuder cxcttiscs this option,Lcndcr shull givc Bormwer notice of'ucccicrution. The notire shull pravide u period of
<br /> . not less thun 30 duyx from the Jute thc noticc is drlivcrcd or m��iled within which Borrowcr must pay ull,ums.recurcd by this
<br /> Scruriry Inxtrument. If Bormwer fuilx to puy these�ums prior tci the expiraition ��f this�eriod,Lender muy invoke nny
<br /> remcdier permittcd by thi+Serurity In.truntrnt without further notice or drmund on Born�wer.
<br /> • � 18. Borrower'.4 Right to Reinstate. IY Borrower meet,ccrtuin conditiims. Burrowcr.hall havc the right to have
<br /> • f enfonement of this Securiry Intitrumrnt di�cuntinued at uny time priar to the earlirr uf: hu S dny+wr+uch other perioci es
<br /> ?
<br /> " tiiuglc F:unih•-I�nnnlc Mue/Fraddlc�fac 1'titFt)N1f INtiTRI'1►tkl\'1'-•l�nifomi Covcnnt� 91911 �puxe 4��/n pux�sl
<br /> � ' �
<br /> �, . .
<br /> . ; �
<br /> - -,— - _ __ _ .--.. ._ _. . .
<br /> ' _
<br /> � �
<br /> f .
<br /> � ,
<br /> , fr
<br /> e
<br /> I ;
<br /> � � '
<br /> � . •
<br /> , ,
<br /> . . '
<br /> �
<br /> �
<br />
|