|
- �:�, �'�y�•.i � :: � Y,� .. � �'.��:� � _ _
<br /> -.� . . ...� "' _ _ ,h —
<br /> e.� , . . _ __ ----- -
<br /> _,�,_ __ �W . ,.. .
<br /> --
<br /> �— . ... � ------ .
<br /> - - -_ - �,�„� �4 i[��� �
<br /> _
<br /> _ , �- - -__----------, paym�nts may rto langar be rcquircd.as tha o�tioa af I.sncler.iP me,rt�s�e Inst�r�nee cavernge(in the nrrenunt ensl for the period `- -°°'_ -_-,
<br /> . thut Lcnder requires)provided by un tnFUrer approved by l.ender ngain bcrames uvaNnble nad ie obminal. bi►rrower shaU pay � �
<br /> tha premlums requircd ta maintain moetgago insumnca in effect.or to prAVide a loss reserve,until the requirement f�r martgage
<br /> insurnnco enda in accordance w�th any writton agrcement Getwecn Borrawar and Lender ar applicublo Inw.
<br /> 9.Inspectton. I.ender ar ita ngent may make realonablo entrlce upon und Inspectiana of tho PropoR�.l.ender shall givo
<br /> Barrower natice at tha timo of or pdor to an inspatlon Bpecffying reuxanable cuuse for tho inRpation.
<br /> 10.Condemn�tlan.The proceeds of any awurd ar cluim for dumages. direct or consequential, In connectlon with any
<br /> � ,--- -----� cewndcmnation�r other triking af uny part af the Property. ar for canveynnce in Ileu of candemnntion, nre herehy essiBned snd
<br /> � � shall be paid to I.ender.
<br /> - in the event of a total teking of tho Property,the proce�s shnll be upplted ro the aums secured by this Saurity In�tcucttent.
<br /> . whether or not then due. with any cxccsa paid to Borrower. In the event of a partlel teking of the Pmperty in whtch tho fair
<br />= markct value of tha Prope�ty lmmediately before the taking is equal to or greuter than thc wnaunt af the sums secwed by this
<br /> � Security Instcument immediately befare the taking, untess Barrowcr and Lcnder otherwise agrcc in writing. thc Kuma secured by
<br />"���':: this Secu�ity Instn�ment shnll be reduced by the amount of the proceeds muldplied by the followin�fraction: (a) the tatsl
<br /> amount of the sums secured immedtately.before the taking,divtded by (b)the fair market velue of the Pmperty immediately
<br />� before the taking.Any balance shall be paid to Borrov�er. In the event af a partial taking of the Praperiy!n which the fair
<br />� market value of the Properry immedtately 6efore the taking is less than the amount of the sums secured imme�tately before the
<br /> - taking,unless Borrower and Lender otherwise agree in wrltln�or unless applicab:e law othenvise provides,the proceeds shall
<br />� , be applied to the s�ms secure�by thls Secudty Instrument whether�r not the sums ate then due.
<br /> If thc Property ta abandoned by Borrower,or If.ufter nottce by L.ender to Borrower that the wndemnor offera to make an
<br /> ` �����-ti-�_ Awerd or�ettle a claim for damaacc, Bnrmwer fai�s to respond to Lender wtthin 30 davs after the date the nottce ls�iven. � - -
<br /> � ,�.��� ` l.ender is author�ud to callect and apply the proceeds.at iG�option,either ro restoration or repair of the Property or to the sums —�
<br /> . �� •• • , L:` �' secured by thts Securlty Instrument,whether or not then due.
<br /> ' 1 _
<br /> ';,.�:• .. .,..;;,::,;..v. Unless L,endcr and Borrower otherwise agree in wrtting, any applicat ion o f p�a c e e ds to principal shall not extend or
<br /> ' ��'"`'� �� ��'�ti�'w='` postpone the due date af the monthiy payments referted to in parugraphs I and 2 or change the emount of such payments.
<br /> : . . ;;. .� 11.Borcower Not Relea.4ed;Forbearance Ry I,ender Not a Waiver. Extension of the time for payment or modification --
<br /> . • of amortizution of the sums secured by this Security Instrument sranted by I.ender to any successar in interest of Borrower shdl
<br /> • • � not operete to release the iiabflity of thc original Borrower ar Horrawcr's successurs in interest. I.endcr shall not be required to �
<br /> . � commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modi fy aniortization
<br /> � of the sums secured by this Security Instrument by reuson of any demund made by thc original Borrower or Bonawer's ���
<br /> ' " successors in intere.st. Any forbearance by L.ender in exercisin�any rtght or remedy shull not be a wuivcr of ar preclude the ��r
<br /> - � " exercise of any right or remaiy. �� �.�-'
<br /> -
<br /> " 12.Successors arid Assigns Bound;Joint and Several Limbtlity;Co-signers. The covennnts und egreements of this ��'�K
<br /> Secur�ty Instrument shall bind and benefit the successors and acsigns of L.ender und Borrower, subject to the provisions of �`'��#--
<br /> •,►... .
<br /> paragraph 17. Borcower's covenants und agrcements shall be jotnt und several. Any Borrower who co•signs this Security - '�::;,;�
<br /> Instrument but dces not execute the Note: (u)is ro-signing this Securlty Instrument only to mortgage.grant und convey thnt ,.
<br /> � • •� Borrower's intereu in the Praperty under the terms of this Security Intitrument;(b)is not personally obli�s�tcd to pay the sums • --
<br /> ' secured by this Security Instrument;and(c)ugrees thut Lender and uny other Borrower muy ugree to extend,modify, forbear or �
<br />_. , � make any uccommodations with regurd to thc terms of this Sccurity[nstrument or the Note without that Bormwer's consent. � �,;�
<br />� 13.Laan CharAes.if the loan secured by this Securiry Instrument is subject to� law which sets maximurn loan char�es, °--
<br />_i� �y and thut Isw is finally interpreteJ tio thut tiie interest or otBer loan charge�collccted or to be collected in conn��ctinn with the �---
<br /> -� • lonn exeeed the perrnitted limits,then: (a)any such loun eharge shall lx reduced by the umc�unt ncerxsary to reduce the charge ° �_:�..-
<br /> � � to the permitted limit:und(b)uny sums already coltecteci from Borrower which exceecied permitted limitti will be refunJed to '�,"%=�
<br /> ,r�.._^
<br /> i ,. Buttower. Lender may chnose tn make this refund by recfucing the prinripul nwed uncier �he Note or by muking u direct ;��.:::
<br /> payment to Borrower. It a refund reduce+ prin�ipal, the reJucticm will he trcatcd u, u purtiul prepuyment without any "
<br /> ' _ .. ; prepayment chur�tc undcr thc Note. __
<br /> •. 14.Notfces.Any notice to&�rrc�wer proviJed for in this Securiry instrument .h:sll tx given by dclivering it or by muiling . , .
<br /> � • it by fint clasti rnail unle�s applicuble luw reyuircti u.c�if an�nhcr method.The nnticc shull hc dirccted to thc Prnperty AJdress
<br /> <�r uny ather address &mower desi�nute� by noticr t�� Lcnder. A�iy nc�tirc to IAndcr tihull be given by first clutis muil to :
<br /> � I.cndc�.uddresti�tutecl hercin or uny other uddress Lendcr drtiignatc, by notice tci Borr��wrr. Any cxiticc providcd ti►r in this . .
<br /> . Securtty Instrument tihall be deemed to huve been Fiven to 8orrow�er or LcnJrr���hcn givcn ati providcJ in thi+purugraph. '
<br /> , 15.G'overnln� Law; Severability. This Sccurity lnmtrum�nt �hull be gc►verncd by fcdrrul luw anJ tlx taw ot'the �
<br /> jurisJictian in whirh thc Property ix locatcd. In the event that any provi.iun or rluuse uf thi+Sccuriry Imtrumem ur thc Note
<br /> • + conflicts with upplicuhlr taw, surh rcmllirt�hall nc�t aff'rrt uther prcivi,iun.ut'tliiti Scrurity In�trumcnt�ir thc Notr which run hc
<br /> I given effcrt withiwt thc rnnflirting pruvi,inn.Tu tbix end th�prori.iun.of tlii.Serurity Intitrumcnl a�id thc Nc�te are dcrlared I
<br />. • � i to bc sevcrublc. �
<br /> � .� I 16.S�rrower's Cop��.Borruwcr tihall bc given unr run�iirnx�l copy uf thr Nutr.utJ��f Ihiti Security In+tntnxnt. i
<br /> 1
<br /> I Form 3028 8190 i
<br /> _ ,
<br /> " P�4n A ul�
<br /> � � I
<br /> I �
<br /> . `
<br /> '__.. __ .�__— '-.-'___' .. . . . . .
<br /> �
<br /> r
<br /> i ..
<br /> v..
<br /> . .�
<br /> 1
<br /> t
<br /> �. .. ,
<br /> . �
<br /> .. �., _ -- - -- -
<br />
|