|
_�-..� _ ._ . .:l"�'�'7CT �T... . . : ,,':_ `�.
<br /> � . �� '��' ' � .�VMr „ �• '_ __
<br /> - � . . . . . . . _. _ . . . ... _.- . .
<br /> ' r N "" ' ' '_'"'__� ' - _ .,.
<br /> _.� � .�..a _"'.l�
<br /> - � psy�nentx may no longer be required, at ti►e option of Ixnder.if mortgage insurancc coverng�tl#t�am��und"��e period �9�` _
<br /> �_�"`'r � `�:-� thut i.endcr requires)providecl by nn inFUrer npproved by lxnder again be�:nmes nvaitable tu�d Is abt�►Ined.Barrower shall pay
<br /> th�:prcmiums requircd to malntain mortgage insurance in efPect.or to provide a loss reserve.until the requirement for mortgoge
<br /> * lnsurnnce ends in accordence wlth eny wr�tten agrenment betwcen Barrower and Lender ar applicuble law.
<br /> — - 9. lnspectlon.Lcnder or tts agent may meke reasonable entries upon and inspectians of ihe Propsrty. L.ender shall give
<br /> Borrower notice at the time of or pdor to sn tnspection specifying reasonable cause for the inspection.
<br /> 10. Condemnatton. The proceeds of any uwerd ar claim for damages,direct or consequenttal, in connection with uny
<br /> mndemnation or other taking of any part of the Property.or for cunveyance in iieu af conJenu�ation, are hereby nsaigned and - _- r -
<br /> ,�` shall be paid to Lender.
<br /> , � � w�. In the event of a total taking of the Praperty,the proceeds shalt be applied ta the sums secured by this Securlty Instrument,
<br /> �� � ' �� whather or not then due. wfth any excess paid to Borrawer. In the event of s partial takin�of the Property in wMch the fair
<br /> ' "!��'�'�'�'^'�' markct value of the Pro e Immediatel before the taking ls ual ta or reater than the amount of the sums secured b this �;-�.�
<br /> - • ,�a•.:••_„ �. �� P nY Y e9 S y ...Y_,.,:��
<br /> ,. �;;Y- - ___-
<br /> ��•�.���-�.�•' Securiry Instrument immediately before the taking, uniess Harrower and Lendcr otherwise asree in wrttin�.the sums secured by _�__ _
<br /> •.u+ � �r ::i,.,�..•r ,,.��_—�----
<br /> ;'�A, ,;!.�•;,,: this Secudty Instrument shalt be reduced by the amaunt of the pmceeds multiplied by the following fraction: (a) the t�tal � =� ' °- -
<br /> amount of the sums secured immediately beforc the taking, div3dcd by(b) the fair market value of thc Property immediately ��� __
<br /> � ;a�'�= � before the takln�. Any balance shall be paid ta Borrower, In the event of a psutial taking of the Property in which the fair �N'"'"`��""`'�;".'
<br /> " .� �::�..
<br /> J� • "� . ' :• market value of the Property immediately bcfore the taking is Icss than the am�unt af the sums secured immediately befare the -
<br /> �• .- � : ;., taking,unless Borrower and I..ender atherwise agree in writin�or unless applicable law otherwise provides,the proceeds shall � . '�'�`
<br /> . .,".',T_-�_
<br /> �r, :' � . be applied to the sums secured by thts Securiry Instrument whethcr or not the sums are then due. ` �`ri�f"MY—�. -
<br /> �� ._ If the Praperty is abandoned by Borrower.or if.after notice by I.ender to Borcawer that the condemnar offers to make an "�:�� �
<br /> ' " , award or settle a claim for damages. Honower falls to respond to I.ender within 30 days after the date the natice is gIven, I�r�- ::�`.��
<br /> �' �' " Lender is authadzed to collect and apply the procceds,at its option,either to restoretion ar repair of the Property or to the sums � _
<br /> ! secured by this Security Instrument,whether or not then due. f'� ' �°��k�,r
<br /> . �� , Unless L.ender and Borcower otherwise agree in writing, any application of proceecis to principal shall not extend or � . '��,_�
<br /> . � • postpone thc due date af the monthly payments referred to in paragraphs I and 2 or change the amount af such pnyments. �'�_=-
<br /> . 11. Borrower Not Released;Forbearance By Lender Nat a Waiver. Extension af the tfine for payment or modi�cation . �,, ;1•'_T_ _
<br /> ..;� af amortization af the sums secured by thIs Security Instrument grunted by Lender to uny successor jn interest of Bonower shall ^�-==
<br /> not operate to release the liability of the original Borrower or Borrawer's successors in interest. Lender shall not be required ta ���.:
<br /> . �� commence praceedings against any successor in tnterest or refuse to extend time for payment or otherwlse modlfy amortizution •�„�'
<br /> �• , of thc sums secured by this Security Instrumcnt by reason of any demnnd made by the original Bonower ar Barrower's " �
<br /> ---._� . .,--- .._.. � • . . . . . . . , . . . . w. a.. ti..n ..... ti.. .. .....t.;...��.,......,.t.,a�.h.. �� .
<br /> _--•-- -__�.... .- _ . .
<br />. .._ � --'– -- au���aau�a w �uwi�a�. n�ti ww�wau���v> t.�uu�� w �n�..���ou�t,wy �.ty... ... � ..... ... » ..... �. . _.. �._.. ._ c_�..-__—: '
<br /> ........,. ....»..
<br /> exercisc of any right or remedy. ' .
<br /> 12. Successors and Assigns Bound;Joint and Several Ltability; Casi�ner:g. The covenunts and agrecments of this
<br /> , , � ' Security Instrument shuU bind and benefit the cuccessors and atisi�ns of L.ender nnd Borrower, subject ro thc provisions of
<br /> . pura�mph 17. Borcower's covenants nnd u�reements shall be joint and several. Any Bc�rrower who co-slgns this Security " "`•r �•:
<br /> • Instrument but does not exccutc the Notc: (n> iti co-signing this Security Instrumcnt only a�mortgase, grunt and convey that � �
<br /> �;
<br /> ' Borrower's interest in the Property undcr the tcrms ot this Security instrument; (b1 is not personally obligated to pay the sums .�•
<br /> securc�i by this Security Instrument; and(c)a�rces that I.cndcr and nny nthcr Boerower may agree ta extend,modify,forbear or �.. � �
<br /> • make any accommodutions with regard to the terms of thiti Securiry In�tnrment or the Nate without thnt Borrower's con+ent. ;,
<br /> ' ' 13. I.oan Charges. lf the laan setured by thi+Security In+trument is subject to a law which sets muximum loan charges, � `'•+�•• �
<br /> and that luw is finally interpreted so that the intere+t or other I�iun chargeti cullected ar to be collected in connection with the •«,- "
<br /> loan exceed the permitted limits, then:(a>any such toun churge�hall be reduceei by the amnunt necessary w reduce the charge t;3���n-
<br /> - to the permitted limit;and(b)any sums ulrcady cnllcctcd from Borrc�wcr w•hich cxcecdcJ permitted limits will be retunded to �
<br /> ,..:*�a-�
<br /> . Borro�ver. Lender niuy chcx�se to muke thix refund by reefucing the principul owul under the Note <�r by making a direct •�i1,�'��`
<br /> , ' payment to Borrower. If u refund mduce� principul, the reductian will be treuteJ as u partiul prepuyment without any ,.:_._ �
<br /> prepayment charge under thc Note. . ._ " . _
<br /> " 14. Notices.Any notice to Borrawer providcd for in this Sccurity In�trumcnt shall hc givcn by delivering it or by mailing ,
<br /> it hy fir.t class muil uniess applicahle law reyuire+use i�t'another nuthcxi. The notice yhall b�directed to the Property Addresti "' " , Y
<br /> or •rn�• cnher II(�dCCtiti Borrower designrtes by nnticc to l.endcr. Any noti�, te� Lender �hull be given by first clus� mail to � , --
<br /> La:ndcr',uddres�stutcd herein or any nthcr uddress Lender dc�ignute+ by nutirc to Borru�ver. Any natice pmvidai for in this � � ,
<br /> Sccurity instrument shull hc decmed to havc bcen givcn tc,Borrower or L.endcr when givcn ati provided in this paragraph. �� •.
<br /> I5. Governin� I.aw; Severability. Thi, Scrurity In�trumcnt shall t+c govcrn�til hy fcdcr:�l luw and thc tuw nf the "
<br /> • � jurisdiction in which the Prapeny is IocateJ. In ttu cvent that any pruvitiiun or rlau�e uf thi�Srrurity Instrumcnt e►r the Nute "
<br /> conflict�with applicublc luw. such contlirt shall nc�t aftcct othrr pruvi�innx of thi�Sccurity In,trumcnt or thr Notr which can bc
<br /> , - '� given effect without thc contlicting pmviyion. To thi�end the provi,iun,of thiti �curity Inytrument and thc Note are d�rlured
<br /> t�bc sevcrablc.
<br /> i ,, 16. Borru�•er's Copy.Borruwer shall bc givrn onr cnnfi►rmed rap�•ut'thr Nutc und uf thi,Serurity In,trumcnt.
<br /> form 3028 9/90
<br /> - P,��J ul G
<br />_ • �• I
<br /> 1
<br /> 7 L'.
<br /> � , �
<br /> � ..
<br /> .�. � ., '.. . _
<br /> i '
<br /> `1 ;i
<br /> �
<br /> l.I '
<br /> j
<br /> ) . -
<br /> Y ll
<br /> f
<br /> i '
<br /> �
<br /> .
<br /> �
<br />
|