|
—�..�.: .;'-.:,c.: � x�+�R�r�.J:r4� M►+++.,..r«,.... •, _. . ,. • , -----
<br /> i����a•:� ...w � ,�..^ - �, 4'� � . -.
<br /> .
<br /> i . .
<br /> rf. i ..,..--
<br /> . .
<br /> _ �� , ; .�,!tiF['1`' . ,� , • ' __
<br /> :�
<br /> , . . _�._..
<br /> .+
<br /> .. ��.a.iR1Ah�d-.d�ahw� .. . -. _ . - ._. . .._.
<br /> , .... +a•�:r..._.-------._ - ---_—
<br /> ������� ulvalent mart e lnsurunce caveru c is nc�t uvuiluble.Borrower shnll uy ro l.ender each n�anth a sum equal to
<br /> sebstHntiully eq ga8 B
<br /> •� •�r� • os�e•twelfth of th�yearly mortgage insurunce premium being puid by 8orrower when c e�nwrunce coveruge tupsed ur cca�.yed to -----
<br /> '• : � ' � • • ' be in effect. l.ender wip uceept,use and retuin thetie payments ur, ii IO\S reserve in lieu ui mnrtguge insurunca Lc�ss rr�erve -----__--
<br />-. �, : " 'm,' payments may no longer be rcquircd.at the optiun aC 1.enJcr, if tnortgagc in�uruncc c�wcrage(in the umuunt und fi�r thc period �'`:°,.-":„•,�:��_..
<br />- ;,.,.� .;.� ° thut i.ender rcquires)pruvidcJ by un insurcr uppr�ivuf hy I.cndcr ubuin hca�mc�uvuilublc ana is ohtuincJ.Bura+w�:r�huil puy �.��_.:-__.__�_
<br /> ' > � �p��; the premiums requircd tr muintuin mc�rtgage iosunuuc in effcct,ur tu provide u las.rc�crvc,until thc rcquircmcnt fi�r mc�rtgage '�`-__
<br /> , ".. " ' � . inxurunce endr 1n nccardance with uny written agreement between 8nrrawer und l.ender or npplicuble luw. ��-
<br /> • ' • � 9.It�gpection. L.ender oe it�+agent muy makc rcusnnable entrle,upun und inypectiun�of the Aruper.y. l.endcr +hull give it_�:_y�:=�
<br /> - '��-r� '"':���• ��i�� Borrawcr noticc at thc timc of�r prior to un in�pcction specifying reus��nublc ruusc ti�r thc intipertion. �
<br /> - '^ 10. Condemnation. Thc pracculti uf uny uwnrd or duim fc�r dumugc+, dimrt ar can+cqurndal, in cnnncctiun with uny T�"a`;-.,, —_
<br /> .�, � • ' condemnation or other tuking of uny part of the Property,or fctt conveyunce in lieu of cundemnution, arc herchy iu�ignc�l uud • ;y�.
<br /> Q� shull be paid tn Lender. �r�`� �
<br /> .,,, . .. •�� :.;�....._
<br /> ,, � In thc event of u total tuking of thc Property,the procecds shull bc upplicd ta the sums.ccurcd by this Security In�trunxnt, :�,.�,.�;�,.��
<br /> ' ' � whether or���t then duc, with any excess pnid ta Borrower. In the event��f u partiul tuking ��f the Property in which the fuir .• ��:�•�;;;_+_�__
<br /> '`� � market vnlue of thc Pruperty immediutely bcfare thc tuking is equal ta��r grcutcr thun the umoum nf thc +um�securcd by ihi� -
<br /> ' „ Q Security Instrument Immediatcly betore the taking, unless 8ormwer and Lender i�thcrwi�c agrec in writing, thc�ums sccurcd by � '` � ' k�•
<br /> , ° , „ � this Securiry Inserument shnll be reduced b the amount af the raceeds multi Ited h the followin fru�tion: lu) thr tatul ��--
<br /> Y P P, Y 6 -..,�„
<br /> � amaunt of the ,ums secured immcdiatciy before thc tuking,divided by (bl the tiu�r mc+rket vatuc nf tixs Pmperry i�umcdiu�ely ���', _
<br /> .; �,,-..
<br /> �, � t before the tuking. Any bulance shall be paid to Bottower. in the evcnt of u puriiul taking ot th� Property in which thr fair • _
<br /> , � macket vuluc of the Pruperty immediately befnrc the tuking is Icss thun thc u�nauot of the sums scruccd immeJiatcly bet<�rc the , „
<br /> l �' takin�,unletis Barrower and Lender otherwise agree in writing��r unless applicable IUw rnherwisr prcwidc+,the proceed. �hall . -
<br /> • ,. Q� be applicd to the�ums secured by thiti Security Intitrument whether or nnt the sums ure then due. „ °
<br /> ' � . If the Praperty is ubundoned by Borruwer,ar if,after notice by I.ender to Borrowcr thut the condemnnr offrr,t��m�ke un ,. .
<br /> � uward or xettle a claim for damages, Borrower fail.r to responci to Lcncier within 30 days ufter thc dat� thc notice is gieen, , _
<br /> ::. , --
<br /> . _.�.._..___.`.�._ . . . • � w�•i .. f r ��rw•rtv n�ic��hP NIIIt�
<br /> �.... __._ ___.... .._ , ". a.iiI{Ib J�'ili��ia Ci1�'iC.S'1:,T.^T.SS1:St.OR t)f! d.f..f.�!_pT , — , . ___ - -
<br /> . �Illl41'��uuihurl�rJ tt�cuuui a�nl aEr'yi j i,�.:�'.�:�.:C� -r- i --- ��"�
<br /> ' secured by this Security Inxtrument,whether or not then Jue. ' '� *�'•
<br /> Unle�s i.ender and Borrower otherwise agree in writing, uny applic�►tion of pr<xeeds to prinripul sh:►II i�ot extcnJ or . '�' �•r.
<br /> ' poytpone thr due dute of the mcmthly paymentti nferred to in paragraph�1 and 2��r change the umnunt a(tiuch payment+. . .
<br /> , ° 11. Borrower Not Relexsed:Forl►earance By l.ender Nut a N'alver. Extensi�m ot thc timc li�r paymcnt or muJitSc��iun • _
<br /> . ��f amorti�stion of thc sum�scrurcd hy thi�Security Instrument gruntcJ by IAndcr tu uny surrc.sor in iixcrc�t��f Bc�rrc����cr�hull ,.
<br /> � ni�t operute ta rcleu�e the liabilitv uf thc uriginal Borrower or &�rmwcr'>. +urrc++or. in intcre�t. I.�ndcr�hall not bc rcquircd ti�
<br /> rommence prcxecding�n�ain�t any tiurcetitior in interest c�r refu.e to exienJ tinu fur pa��mem ur otherwi.c mudify amurtizutiun
<br /> ot' thc tiumti ,ecured by this Scrurity Instruntent by rea�on of uny Jenund madc hy the original Borru�ver ur Borrower', • � _�.
<br /> tiuccessorti in intcrest. Any forbeuranre by Lendcr in excrcising uny nght or remrdy shull not hc a waivcr eif ar pr�cludr th� It�;,:,
<br /> exerci.e of uny right or remeJy. `'}` �
<br /> � � 12. Succcs.snrs and Assi�ns li�iund; Jaint and ticveral I.iabilltv;Co-slfinen. 'thc covrnant.and a�rcrn�cntti of thi� ., '��'y� ;
<br /> ._ . . Securiry In�t�un�ent tihall hind und brnctit the �urces�urs und ur�i�n�cif[.enJer and Bnrruwer, tiuhject tn the pnwi.ii�n+uf ' � -�• �.1
<br /> : _.._._ ,� • • . . : . :...., ..:, c_ .�,. __,^ L �
<br /> �-----��-�--------... �?2SY'd�'fitrll 11 rt��rr��wer'. i•naru.un♦ .u�u aaiccu�u�i� .uw� u� t.�ii:I aii� ..'..:iui. �.::j .:::.:':J. t:}.:: �..'.•e.•... •�.• ..•.=_.. �- - - _-=.-�--"" -
<br /> � . . ��
<br /> ---•------ - - Instrumrnt Nut due, nc�t rxccutc thc Nutc: �u) i,ru-.ignin� thi. Srcurity In,trumrnt only tu murtga�:r. grunt and runvcy Ihat - -- . ,
<br /> &�rniwcr'�intcr�st in thc Pr��prrty under the Icrtns of thi�Srruril)• in•�r����w��r Ihl i�rn�t penimully i�hligaicd tu pay Qte +unn �, ,
<br /> � +ccurrd hy this Scrurity Intiirumrnt:und(r�ugrcc.that LcnJrr and un�•utlxr Borruwcr mu�a�rcc to rxtend.mc+ditj•, t��rhrar��r . '
<br /> „
<br /> mukr any acr��mnn,d.+tionti with rcgard tc�thr tcrm+of thi.Sccurity[n.irunxnt ur thc Nutr withaut that Borrower'.r�►n,rnt. , . , f
<br /> 13. Loan Char��w. If thr luan urureJ h��thi�Security Imtrumcnt t��UIIJCCI IO J IAN'WI111'Il Sl'l�Ill:i!III11UIfl IlKlll l'Ilargc+. � ,� ;,y �
<br /> anJ lh�l l:tw� i� linally intrrprctcd.0 Ihal th� int�rr.t or othrr loan rhar�r,collcctrd c�r to hr rollectcJ i��con�krti�m�vith thc � }�
<br /> lu.�n�xrced thc}xrmittrd limit,, thcn: 1a►:m)• tiurh luun rhargr,hull hc reJuccJ by th� umuunt nrcr,yary tu rrJurr thr rhargc ,�°•�•i I
<br /> to th�permiUcd limit: and (h) am +um�alrcady r��llrctrd frutn Rnrru�ti•cr��•hirh exrc�Jcd pcnnittcd lin�it,��ill hr rcfutxlcJ tc� , �. ;,(
<br /> , &�n�cnvcr. I.rnder m:ty rh�m,r tu ma{,c tlii. ret'und by rrducing thc priiKipal u�vrd unJ�r th� Nutc or h� making a Jirert ./' j
<br /> paymcnt to Borro��rr. If n rcti�nd reJucc. prinripal. di� reducti�m ��ill h� trrat�d a. a partial prr�a}�nunt «•ithuut an�• - i
<br /> - prcp.ryment chargc undcr the Nutc. , ,.
<br /> 14.Naticc+.Any noticc tu Burr�iacr pr�,�•id�d li�r in thi�Srruri��l�i��rununt ,hall hc�i�•rn h�•Jclivrrin� it�ir hy�n:�iling �
<br /> it h�• fint rla+.mail unt�+,applirahlc la�� rryuirc. u,r��f nn��tli�r mrtlin�t."1'hr nutirc,hall hr dircrtrd i�� tlk Pm�+ert�Addre�, .'J.�'�
<br /> . or any uther addr.,. Burru�cer d�.ignatr� h� notirc tu 1.rnJcr. An� nutirr tu Lrn�ler .hall hr �iven h� tir,t rla., nr.�il te� ..� ;.•.`
<br /> Lrixicr'�addre.ti ytated hrrein ar an�� utlirr addre.� LrnJ�r dr.ignatc,h� nntirc t�� k3urr��aer. Am nu�icc pn,�ideJ �nr in ihi, i�•
<br /> Secut-ite In.rtrumrnt tihidl hr Jrrmrd t��have hcen�i��cn tu H��rru�cer ur L���Irr��hen gi��n a.pr���iJ��1 in thi�paragraph. �
<br /> 1S.Gu�•crt+.io}� I.u��; tic�erubilit�. Thi, Srrurit� In,trununt .hall hr g���rrnr.t h} Icdrr:d law an�i ihr la�� u(thc ( _
<br /> juri�Jirtiun in w•hirh thc Prnprrt� iti lur:itrd. In thr c�rnt th:u :�m prm i,fun �a•�lau,c��t'thi� Srrurit� ln,trum�nt��r thr 'V��tr I .
<br /> CUOI���'I�N'11I1��/�IIC.III�C Ia�c. �urh runtlirt.h:dl nut a(tcrt��Ihrr pr���i.wn.ut'thi,tirrurit��In,trumm�t ur thc Nutr��hirli r;m hr
<br /> gtven cf1C�'t ��ithuirt th�runlli��ing rru�i�iun. Tu thi�riid thc pr�,�►,ion.nl th�.tircurit� In,trumrnt and tlk Nntr:irc drrl.�rr.l I
<br /> tu Ik �cv�rahlr. '
<br /> . 16.fiorrin�cr's('op�.f3urru�rrr.hall hr gi�rn orn r�,nt�,nnrd c�ry�� ul tlu tiutr and��f thi,tirrurit� In,trumrnt. �
<br /> I
<br /> I7.Tr��nsfcr uf the Yropert� nr u Bcneficiul Intcnwt in fiorro��cr.II all nr am E�art�,1 thr Pr�,�xrt�ur am inhrr,t in it
<br /> i.,old��r tr:in.frrrrd 1ur it'�i hrnetirial inlrrr.t in f3��rn,���•r i. .�,I.I ur ir.iml�ti�•J,�nJ{i�n•iu��r� i.n��t a n.nuial prr.�au��ithnut �
<br /> '� Lcndcr'r priur arittrn r��nti.nt. l..nd�r im,i�. al it, ,�pti,�n. i.yuir.• unnrc.l�.a: ��.��m�nt ni lull ��t .dl .um. ,r.urrJ 1.� tlii,
<br /> Sccurit� Imtrumcnt. Hoacvcr. thi.��pu�+n.h:dl m,t Ik r�.rri.r�l ly I.�ihl�i i� �•�ri.�,r i•�,i��h�hitr�l b� Ir�l.•r.d I.i�� :n �,I thrd.it�• ,
<br /> of thi.Srruriq In.trumcnt. �
<br /> If l.rndrr rtrrci.�.thn�+ptinn. I.ernlrr.h:dl�i�� 13„n����ri noti:c�,t.�.•�rl.•r:itu,n- l�hr rn,u.r�h.ill��ra�f.tc.i �x•�i�n1�,I n��t
<br /> Ic,s than 3p da��. Irunt thr datc tlir nutirr �. drl��rir�l ui nr.ulrJ �uih�n��hi.•h }3�,n�,��rr nui.t p:�� all ,um. .r�urrd h� ihi• ,
<br /> , Srcuriq Intitrwiirnt. (f Burr�,���r t:iil.t�,p:i� the.e .um.priur a,thr r�piraii�,n„f th�.prriu�L Lrndrr nia� im�,{,r am r�m�dic.
<br /> prnnittrd h�•thi�Srcurit� Imtrununt��ithuut lunhcr m,t�r����T�li'I1Ltlli�utl���t'f����C�'.
<br /> 18. Burroaer'. Itiy;ht to Itein�tute. II B��rrn��er me.�h rcn.un c�,ndiu�m,. li�,in,��cr .hall I�.��r thr tttiit t�, h;��r
<br /> , CllfitCl'ilfll`tll u) l�ll� StCU�Ih JIhU'Ullklll t�1�it��1t111UC�� :11 :111\ 11111� E�nar t�� I�IC C:11'�ICI���1: I.0 � ��.1\♦ mt' tiUC�I ul�ICt' rCl���k� :t♦
<br /> . � aPplicahtr la�� rn:n +perit� t'ur rcimtatrmenu hrfurr �;dr ��1 Ihc !'rap�m pur+uan� t�� ;ui� pu��ri ��I .:Jc r,mt,ntt�d i�i ih�.
<br /> Sccurit�• In>trumcnL•�tt(hl�ntn �d a juJ�nunt cnli�rc�n�th�. ti«•urit�In,trumrnt. I�h�,.r a,nd�tum.atr that fiurn,��rr.�a�pa��
<br /> L�nder:dl .utit. ��hi�h thrn a�ntld hr dur undrr thi. ti�rurit� In.u•umrtit an�l th� \utr a��f nu arcrlrr:�tt��n h.id ���iun�rJ:�t,�
<br /> i iUfC� :111)' tIC1:lUIl t�1�:U1\ tiQ1CI'l�U1CI1:Illh �tt :1�'f�'CI11CIll�: lil �t:l\�:t��t\(kI1�C� iniurr.d m rnl„rcin� Ih�. krunt� �I1�IPIUni'tll.
<br /> • induding. hut ni�t limited tn. rea.unahlr :dt�,rne"' Ire,. anJ ��I� tul.c•.u.h :irli�,n :r L�ndrr m:�� i�:t.nn:d+l� r.y�.in.•tn:i��urr
<br /> s thal th�li�n af thi+Sriurit� In+trwnrnt. I.end�r'� nght,m thr 1'ra��rii� :uMi H�nn,��ri'• �d,li�ati�m t��p:�� ihr �um� �.rurrd h�
<br /> . ...._ thi. Ga•urit�� In.trum.�nt �hn1l r�vttinuo unr�l:tOra•i� ��MUI Ydltl�t:tl�'111�'lll Ft\ 13�,rru��rr. tlii. �l'illlll� �tl�hUllll'Ill .l�l�� l�ll' �
<br /> - -.- - - abligati��m.crureJ hrr�h� ,liall rrmain full� rllrru�r a.�il m�.irrrlrraiiun had��.�urrrd. H�,����rr. thi• right lu re�n,l;ur.hall
<br /> ' nut apply in th�c.rr at:�c�elrrati�m unJrr paragra�,h 17.
<br /> '. 19. tiale t►f\otc: Chun�;c uf Loun ticr�iccr. Th.• \��Ic �,r a p.uu:d �nt.rr,i in thr \��tr u�,gcthrr ��nh ih�� ti�•.unt�
<br /> Imtrununtl ma� tk�uW une��r nwrr umr.��nhout pri�,� nnu�r n,}3urn,��rr. ,\�alr m.�� rc.ult i�i a rh.mL�•m tlir rnt�t� �I.ix���n
<br /> a.thr'l.oan Scr�irrr"1�h:�t rull�ct. mnnthl� pa�mrnt� dur unJcr th�\,,t.,m�1 tlu� tir<<�.�t� [n.uumrnt I'Ik�c.d.��ni.�� h.��n�•
<br /> '= ur murc changc. i,l thc Loan Sc��ice� uroelat�d t��.�.,,I���1 th�X„t�. 11 thrr� n.i.hangc�,I the 1��an ti.•i�i.�•r. (inr i„�+�•i ��ill hr
<br /> � � gi�•cn�eritten notirr uf thc rhanEr in arrurJ:tnrc��ith r:ir:i�r,��,h 14:►hmv and:�rri�.�:tni,la��. l'lir naUrc��ill.tatr Qir n.ui�c an.l
<br /> adJr�,>��f thc nr�� l.uan Scnirrr and thr a�tdre.. tu ��hi.h �,a�mrnt"Iwul.i t+c madc. "The n�,urr��dl .�I.o�antaiti:im ��ihrr
<br /> y inli+rmatiun rcyuired h�•applirahlc la��.
<br /> 20. Hnrardous tiub�tunr��. &�rc���+cr .hall nut �:m.r �,r �xrnnl thc ��rrunrr. u.�. di.�x�.al. .t�n:►�r. ,v t�l�•a�r �,t an�
<br /> .i Haiardou. SUntil�lll'l'� UIl UC lll l�ll` ('ruprtt�. H�,rr�,��rr ��l:t�� Ih�t ���. O��f d����N .Itl\i�tk' C��C ��� �1��. :l0�If1II1L d11CiIII1� l�t�•
<br /> :i Prup�rty that iti in vii,latiun��Cam F:mir�,nmrntal l.a��. Thr prcrrJmE t���, .enten.r• •hall n„t .ippl� t�� tlir ��ir•rn.��. u.��. ���
<br /> , ' +t�rragc�m thr Proprrt� uf,mall yuantitir.�d'H;varJ�,u,Suh,tanri,th;�t ar� g�nc�alh rc���groi�d t�, hr ap��n�pn.Ur t�� iiuimal
<br /> , n.iJrntial u,r.��xl t�,maintcnanrr nf tlie Pn,pcm.
<br /> , . �i Form 3028 9 90 '
<br />
|