|
. �IT „ .lT.'^?.�'� . . .._ .-.... � __ .� ".".__ �i-_` _-- -
<br /> . � .. . .. T. . , .. . .
<br /> .��u��±'1��Q(-� _ _ _ _ - --__ _ .��.. � . . .. .I..
<br /> - �'ti.'sr`��'4 \ . . .. _..
<br /> , +^n:
<br /> . .�, . �,�}�.�� � . . _
<br /> .. - � ' � �y�.C'.i._ 4,,.� ...J. �n �. ' � �� .. r.'.__
<br /> i .. . ., - . --.
<br /> .. . ' ,�,�p� :: +i� '� . , . _. __._..__. .. ,..
<br /> � �il�la�S.��e�'�°�' � .�._ .._ ,.._. ____ _.
<br /> - ;.;�:..��.���.V...� �4- �o�58g �_-.�_-�. .�.-
<br /> �... . .,z „
<br />— � condemnutian or other taking of any pnrt af the Property.ar far canveyance in tieu of condemnatian,are hereby assigned and �'-'<"'��u�_�----�---
<br /> . y � '`'YA � ahail ba puid to l.endcr. _,,,_,,�
<br /> �;;.i.,"_.;..,� ---
<br /> � �'�'�•''''{� ��•"' in the event of a rotul taking of tho Prapeny. the proceeds shull 6e applied to the sums�ecured by Qtis Scx:udty --
<br /> ` ��-+� � 't� Inauument,whether or not then due.with nny excess�paid ta Borrowcr. (n the cvent af u partiul takins of tha Fraperty in �``"""T�`
<br /> ' •..•�'�Y'�: which the fair market vuluo of the Praperty lmmedintely before the tnking!s equal ta or greater than the umount of the�uma --___
<br /> ` �� secured by thie Security lnatrument immedintely 1+efore the tuking,unless Barrawer And Lender otherwise u��ec in w�tin�. � _ _
<br /> : . . n . ° ,.,�.r.^.°,--
<br /> ... . rn ��... . . .. '—
<br /> � the suma isecured by this Secudty!ns[rument shnll be rcduced by the amount of the proceeds multiplled by the foilawing "'•"�--'- - "
<br /> �" � �,� � �..+ fmction: (a1 the tutal amount af the sums ucured immediAtel befor�the takin .divided b (b)the fufr market vutue of the �?��=r-
<br /> v s y �.�.•-_ —
<br /> ' � Property lmmediately beforc the tnlcing. Any balance shall bc paid to Borrower. In the event of u partiul taking af ihe ••.'"{;���•�.-_--
<br /> ° Property in which thc fair market vuluc of the Propecty immedintcly befom thc taking!s less thun the amount of the sums .'-:;":�=.-
<br /> " ' �' r+ecured immedintely befare the taking� unless Bortawer and Lender othervvise agrce in wdtt�g or unleas upplicablc lew '::�*:�;��q�,-
<br /> � osherwise provides,the proceeds�hnll be upplied to the sums secured by this Securlty Inswment whether or not the sums are - �'�^�'-':":'�C::'%�;
<br /> , ' thendue. . ::,��•::�.•�_`.•-
<br /> � � If the Property is ubundaned by Borrower,or if.ufter natice by I.ender to Borrower thut the condemnor offers to make ' . ';;;-,�.�
<br /> . an awnrd or settle a claim far dumages,Barrower fuils ta respond to Lendcr within 3Q duys uRcr the datc thc notfce is given. -� - _
<br /> � Lender is audiodzed to collect and npply the proceeds,at its option.cither to rcstorntion or repAir of'the Property ar to�he �
<br /> �r sums secured by this Securtty Instrument,whether ar not then due. " -
<br /> ! ' , Unless Lender and Borrower othervvise agree in wrfting.nny upplication of procecds to principal shall not extend or � . .. � -
<br /> " postpone the due date of the monthly puyments r�eferred to in paragmphs 1 and 2 or chnnge the amount af such payments. ,. ,r" �
<br /> ° ° 11. Borrower Not Relea.sedt Forbearance By I.ender Not a Waiver. Extension of the time for payment or „ ' � �'� _:
<br /> -- --- '_---_—- . _ . . _
<br /> . .. .-� -- IllOdI�ICA((OIl OI HIIIUIIILIlIIUO W II1C 1QIIIY SCI:UICIj U ii�n�c�utii uiiiiuiiiC�ii �iu�iiw u . .� .. . ._t' � ---- � . ..
<br /> L�.�w�t tu.ui +u��a:iwt u��tii�ilii
<br /> .. Y Y b i Y• �.-_.- . ........� . {,--
<br /> .. .•• of Borrower shall not opernte to releuse the liubility af the origtnal Borrower or Bortowerk successnrs in lnterest. Lend�•.� .. ,.�,, •'•' �a=
<br /> shall not bc required to cnmmencc proceedings against nny successor in intcrest or refusc to extend timc for payment or • •x
<br /> . otherwise modify amorti�.ation af the sums secured by this Security Instrument by reason of�u►y demund mude by the ortginal �. . • „ $
<br /> , Borrower or Borrower�successors in intemct. Any forbearnnce by Lender in exercising s�ny right or remedy shall not be a _
<br /> " waivcr of or preclude the exerclse of uny right or remedy. '
<br /> 12. Successors and Assigns 8ound;Joint and Several I.iability;Casigners. The covenunts and agreements af ihls n
<br /> Security Instrument shall bind und benefit the successors und usxigns of I.ender und Borr�wer, subject ta the provirions of ^���
<br /> paragraph 17. Borrowers covenunts und agreements shnll be joint nnd severnl. Any Borrower who co-signs this Secudty ' � _
<br /> Instrument but does not execute the Note: (u)is co-signing this Security Instrument only to mortgage,grunt and convey thut ,. >, ,ti��
<br /> ' . Borrower's interest in the Pmperty under the terms of this Securiry Instrument; (b)is not personally obliguted to pay the sums .• �_
<br /> secured by this Securtty Instrument;tind(c)agreex thut Lender und any othcr Borrower may ugree to extend,modify,forbcur �"��=-
<br /> ,�` ..__ n� mw4n „n� n�n��mnilntlnnc with ►wnnni in rtir t�rmc �f thic Crrnritv Ir►ctmmPnt nr thr N�tP withnnt thnt Rnrrower ti ' '��
<br /> ---------•- ,..,
<br /> ---�- -- -�-R---�
<br /> �• _..------�
<br /> --_-_.--_-_-- wnsent. v r --- �, --
<br /> 13. Loan Charges. if the loun secured by this Secu�ity Instrument Iti tiUB�CCI IO A IQW which sets meximum loun `' � `a •!
<br /> churges,und that luw is tinally interpmted xo thut the interest or other lonn churges collecled or tu be coll.:cted in connection � �
<br /> ' with the lonn exceed the permitted Iimits,then: (u)any xurh loan churge xhulf be reduced by the amaunt necessary to reduce , !
<br /> the charge to the permitted limit;and(b>uny ,um�nlmady collected trom Bormwer which exceeded pertnitted limitx wiil be ,.
<br /> refunded to Borrowcr. Lender muy choose to makc thix mfund by reducing the principal awed undcr thc Notc or by muking u �� , ry �
<br /> „ dimet puyment to Bormwer. If A mfund reduces principul,the mduction wiil be treatrd ux u purtiul prepayment without any u ,
<br /> prepnyment charge��nder the Note. �'?,�;
<br /> 14. Notie�. Any notice to Borcower provided for in thir Security Instrument shul! be�iven by delivering it or by 4.-p
<br /> muiling it by fint clusx muil unlesx applicable luw myuires use of unother methad.The noticc rhull be directed to the Property ;�
<br /> Address or any other uddress Bnrcower dcsignntes by notire to C.cnder. Any n��tice to Lender tihall be given by fint clasti - , .�
<br /> muil to Lender�uddrexs�tated hcrcin or nny othcr addrc,.Lendc;drsignutes by notice to Bortnwec Any notire provided for
<br /> in this Security Instrumcnt xh:+U be dccmcd to havc Ixcn given to Bormwer or Lendcr when given s�x pravided in ihis ° °
<br /> parugraph. �.�c�'.'`I�
<br /> �. I5. Governing I.aw: Severabllity. Thi� Sccurity Inxtrumrnt .hull bc govcmed by fedcrul law unJ thc luw of ihc
<br /> � urisdiction in which the Pn� tt �+located. In the rvent thut un rovision orcluuse uf this Securit Inxtrument or the Note � 'f'
<br /> J Ik Y�•' Y P Y .^' . „
<br /> contlicts with appliaible luw,ruch contlirt shs�ll not uf(ect other provisiun.of thi+Security in+trument or the Note which can ( " _
<br /> be given effect without the contlirting provi,ion. Ti�thi,enJ thr pmvisionx of thix Scrurity Instrument and the Note are .
<br /> declured to be xevcruble. � ��'
<br /> 16. Rorrower's Copy. Borrc�wer shall Ix�iven��ne ront2�m�ed copy nf tlx�Nntc and of this Seruriry Instrument. � " .
<br /> 17. 'Ilransfer of the Property or a Beuefirial Interest tn Borrower. If ull or uny part of thc Property or uny intcres�in � ,
<br /> it is sold or trunsferred(or if u hcncficial intrm.t in iiurrc��vcr is�olJ or trun+frrnJ und Borrc�wcr i.not u natur�l peru�n> � ��
<br /> , without Lender's prior writtcn rcroscnt. Lc�xirr muy,at ih apti�m.rryuirr imrnediatc p�yment in full of ull sums tiecured by �
<br /> � thix Securiry Intitrument. Howcvcr,thiti o�ion,hall nut hr cxrrei�ed by Lcnder if exerci,r �.prohihited by federul Inw a�of !
<br /> thc datc of thiti Security lnstn�mcnt. j
<br /> ; , If Lendcr exercises this option,Lendcr shall givr Borr�iwcr noticc e�f acrclerutiun. Thc noticc�hall provide u perie�d of
<br /> not less than 30 d:►yx fmm thc Jatc thr noticc i,drlivcrcd or m.��lyd within which B�irruwc-mu.t puy all swm�erurcd by ihi�
<br /> Security Instrument. if Borrowrr f'ails tu puy thcsr wm.priur to thc expir.rtiun ot'this Exric�d. Lrncicr muy invokr any
<br /> mmedics pertnittcd by thiy Scruriry Intitrument withnut t'urthcr rnrtirc ar demunJ iin B��rn»ver.
<br /> 18. Barmwer's RiAht to Rcinstate. If Borrower mrrt+ ccrtain rundition.. Borrowrr tihall havc thc right tc� have '
<br /> , enfurcemrm ut'thi.Scruriry Imuvment di+rontinued :►t nny tim�priur tu thr earlier uf: (a)S dayti (or wrh uihrr�xri�xl a�
<br /> � Smglc(�rmil�•-M'nnnlr 11nc�t'reddlc Muc t'VlFUNSt t11"1'1tC11F:\'1'--t'ndi,rni c'u.enanh 9/90 r f�ner�1 n�n�a�cr��
<br /> ' r
<br /> _.' -�.`..si—.. .
<br /> _..."'_r,_._"... , ..
<br /> '_' �! .... _ .. . -
<br /> � ,
<br /> 1
<br /> ! �
<br /> . � • ..
<br /> . � � .
<br /> i(.. , '
<br /> '
<br /> . V
<br /> .
<br /> � . I
<br /> . . .� _ . . .__ . _ .._. ._ . .. . . �"__ _. _... __.. .._-___._ ".'_._ . ___
<br />
|