|
-- -^_.. -, ... �_-'�u":S:�ii��r.� ::r=— . .. �'. -- — r—=- - .—`t---�—�: ..�---- - - f. r r - - T �Vn:i•���n:ai::' c ��5 .------- .-- . � . ����..
<br /> .. .. . n. . , . . _ ;ii _ , ., n �..
<br /> . .. .�iM►�i �w�wy..... .. ' . � .. ��i._�
<br /> , . 1' -w� 1 Mql�MiM�+-• ' .1' -. .
<br /> �. ',' '� � I '""_'.�...� ..
<br /> i
<br /> f......�.A+f7�Mf,+`Yrt' .. . .. _....._....._._..... '.. -.. . ..... . . .. . .. . � �. ...
<br /> . . �. .. %.::�:�.dAt�+l.
<br /> i:'. .
<br /> '' �• 7.Pr�t�gtlon ot Lendf�'4 WE{�h''d� ln th�+Pve(ROrlyl• it Borrowar talla to perlorm tho covenanta nnd agroomsnts eoMatnad in �� , --
<br /> ' � thte$eCurity InsWment, ot lNere la a lagat pr000adlnp thnt rrtRy elgniilaanUy atteat Lendor'o rights In the Property (auah as a ptoceading in . � �'��','�
<br /> ° - bsnkruptay,probate, tar oondemnntton or to►tekure or to en(ar4a ttws or reguiat►ons�,then Lender may do nnd pay lor whatever is necesaaty� •. ' . ",;��C�
<br /> " 'to proteot the vnluo ot thR Properfy end LendePe dghta tn tha Propsrtf►. ��^sor�sb�e attomoe a'tao�dand o tgdng nu ho Pr�operty to mak� � ,
<br /> " . .. . whieh haa pdo�iry ova thla 6ccudry Inetrument, eppearinQ In cou�, pay`.�� Y' /
<br /> cepalre. Allhauflh Lender mny tako action under thlu pnrqgmph 7,Lendst daes not hnve ta do so. ;,.: , .
<br /> �� Any¢mounts diaburoed by Londm undnr thls paragrsph 7 ahatl ber•ome addfUanel debt of Borrower oecured by thia Sowdly Instruman ,.I:. „ „ "
<br /> Untasn Bortower and Londar aBroo to other terma of paymant,these amounts ehall bear irde�as!from tho date of dlabursement at tha Not , ,�
<br /> " •� rate and shaU be payable,with intaroet,upon nottae(mm lender to �orrowor requastlnp payment �
<br /> ° 8. AAortgago Ins�uea.mca. if Lsndat roqulrod maKgage insurance as a aondYHan of makinp the ban sewred by thts 8oau • •
<br /> InsuuRent,8orrowor ehA{I pay lha pramlums rGqulrcd ta malntain tha moRg�po insumnee in eftaet.1f,14r any reaeon,the mortguge insuran ,,, -
<br /> eoverage requirod by Lender lapsea or eeases to be tn ette�t, Borrower shall pay the promlume mquited to obtein coverago substantia �,
<br /> . ._
<br /> ::—..
<br /> equMatent to the mortgage inswranae provlauory in eNeet,at a coat suAstanrin►y equlvatent to tha coat to 9orrower ot the morigaga Maurence --=—'�;. ,, � ; �,
<br /> previousy in eNect, from an ett�mato mortgago Inauror approvod tsy Lende�. B subatentlaiy equlvaient mnK�age inauranco coverage Is not ;:
<br /> avN►ob�e, Borrower shati pny to Lendvr esoh mor�h a sum equnt to one�twetfth ot the yea►1y mortgaga Inaumnae premium being pa►d by �•',� '.
<br /> ° Borrower when tha Insursnau coverage �apsed or ceased to be in eNect. lender v+lli aaept, use and rotatn tNese Payments as a loas ;,
<br /> reserve in Ileu ot martgage insurance. Loss reserve�sayments may no longer be requlred, at the option of Lendar, if mortgagv tnsur�nce Y
<br /> • coverage pn the amewnt anrb tor the pedod that Lender roqutres)provided by an inaurer approved by Lendsr again becomes avc�iiabte end is . • �
<br /> ' obtairted. 8orrower shali �Say the promiuma requirad to malntain mortgaga Insuranae tn ettaat, or to provide e loss reserva, unUl thv ,�:
<br /> requirement for mortgege fnsurenae ends in accordanso wNh any written aSreemar�t bahveen Borrawer end lender oLe d�shail'ahre Borroww ' ' , ''
<br /> 9. Inspec4ic�n. Lender or ils agent may mako reasonabie entrias upon and Inapacttons of the PropeAy. S •�
<br /> noUce at the Ume of or pdor to an Inspuadon specifytng�ossonable cause tor the inspaoUon, � ,..
<br /> tp, Qmi941ptt1natimn_ Tha proceeds of any award or olaim for damages, direat or cona¢quentlel, In conneaUon with anY _ `
<br /> � :, ," condemnattan or other taking of any port ot tha PropsRy.or 1or aanveyqnce in 8eu ot condemnatian,are hereby assigned and eh�il 6e paid „U�„-�:.•}':_
<br /> . ��-
<br /> to Lender. . �� ' . a.
<br /> In the ev�nt of a totai teking of the Plropertyr,tha proaeeds shall be appifed to the sums secured try lhis Secu�fly InsVument,whelher or _
<br /> not then duv,wNh any excese paid to 8orrower. In tha avent ot a partlal taking of the Ptoperly in whfeh the talr mark�t value oT the PropeAy . � . _
<br /> • " immedlataty batore the teking ia equal to or greater than the amaunt ot the sums secured by this Secutiry Instrum�t tmmedtately betore the �
<br /> ta{dng,untesa Borrowe� and lender othervvise agree In writing,tha sums secured t,y this Secwity InsWment shail be reduced by the amouM `!,4 '
<br /> oi tha proaeeds mulUpt3ad by tha toMowing fractlon:(s)the totai amount ot tha eums sacured fmmedlatey betore the taking,divided by @)the
<br /> isir market value of tha Properh,r Immediately beto�e tha teking.My baiance shall be paid to Bortower. In the event oi a pardal teking of tho , �.fL
<br /> � Property in whfch Yhe tatr mailcet value of the Prope�ty(mmediatety betore the taking is less than the amount o}th2 sums secured immediately ,,.�.-
<br /> betore the tsking, unlesa 8amower and Lender otherwlse agree N w�tfng ar uniess applk;able Iaw otherwlse providea, the proeeeds shati be ��� �-
<br /> appped to the sums secumd by thia Securily Instrument whether or not the sums are then due. �.,;,-;:��
<br /> � �(tye?ropedy is abandon�d by�omower,or H,a8er notiee by lender to Borrower that the condemna offers to meke an award or setde �.::.�,_ .;�,
<br /> a dsim tor damages,BortQwer tatis to respond to Lender wtthN 30 days after the date the noUce b ghren,Lender Is autfiorJaed to cotlect and , �. r
<br /> __ --- --• _ ��,���yip��o,� �,�apvon. elther tQ�est�r?ynn er repeir ot the PropertY or to the sums secured by this Sewrity InstrumeM, whether __ _• ` �
<br /> or not then due. —Tr� ``��'
<br /> Unless Lender end Boetower othervvise e9ree In w►iting, any appiicatlon ot proceeds to prin�tpsi sheA not exlend or poatpone the due . . -' �� ��r��
<br /> date of�itte monthly paymenta reterted to in paragraphs 1 and 2 or change the amount ot such payments. , :
<br /> . 11. Borrovwor filot Released: Forbearance By Lend�r Not a Watver. Extensbn ot the �me tor pay+nent ar J 4`;
<br /> modNicadon of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest ot Borrower shell , • .��,
<br /> not operate to retease the YabiGty of the or(gina}Borrower or Borrowe�s suceessors in Interest. Lender shall not be required to commence Y',,Q� }'
<br /> /'
<br /> pro�eedings against any suceessor in intereat ar reiuse to extend Ume tor payment or otherwise modHy amortizaUon ot ihe sums secured by I ,, i ,,}
<br /> � this Security InaWment by reason of any demand made by the odglnai Borrower or Bortower's successors in interest Any torbearance by , ,:.
<br /> • I . Lender in exerclsing any dghl or remedy ahali not be a waiver of or preetude the exwcise of any right or remedy. ';''::,,.�
<br /> � 12. Successors and A�signa�ound; JoiM and Sevorai Liabilfty; Co-signers. 'n+e covenants and agreementa ot � 'k::;,.,_�;.,:��
<br /> ��.
<br /> this Securily Instrument sfial bind and benerit the auccessors and assigna ot Lender end 8orrower, sub�ect lo the provisions of paragreph � ,,�:.,,!`•i;F`.
<br /> 17. 8orrower's covenants and agreements shall be Joint and severai. My BoROwer who co-signs thia 3ecurity Insirument but does not i ;,�,� �,s�.:...
<br /> execute the Note: (a)is co-signing this 3ecurity InsWment onty to mortgage, grant,and convey that BoROwer's interest in the Prope�ty under ',��;;:.
<br /> the tarma ot this 3ecurity+Instrument; (b)is not personaty obMgated to pay the sums secured by this Security Instrument:and (c)agrees that � .�',iyy
<br /> � r' '1i� Lender and any ather Borrower may agree to extend, modify, forbear or make any accommodations wNh regard to terms of this Security � , �Y
<br /> ,,•
<br /> InstrumeM or the Note witbout that Borrower's conaent. � ,
<br /> :.��i.
<br /> 13. LOge Ch8�g88. It the toan secured by this Security Instrument Is subject to a►aw which sets maximum ioan charges,and that . • ..,,
<br /> iaw is flneily interpreted so thet the interest or other toan charges ediected or to be coltected in connection with the loan exceed the �r .
<br /> pertnitted 8mits,then; (a)any such loan cherges shal! be reduced by the amount necessary to �educe tl�e eharge to the pertnttted UmR; and ,��'•;.� .
<br /> (b) any sums akeady eolleded irom Borrower which exeeeded pertnitted Iimfts wiY be refundsd to Borrower. Lender may choose to make �.�,�;•
<br /> this retund by redudng the principal owed under the Note or by making a direct payment to Bortower. If e retund reduces principal, the .
<br /> reducdon wili be treated as a pardal prepayment wrihout any prepayment charge under the Note. •
<br /> 14. NAtlC98. 61ny notice to Bortower provided tor in this Secu►ity Instrument shall be given by deiivering it or by mailing it by first
<br /> etass maG uniess applicebie law requires use ot another method. The notice sha�l be directed to the Property Address or any other address
<br /> Bottowet designates by notice to Lender. My noHce to Lender shat� be gNen by first ciass mail to lender's address stated hereln or any
<br /> other address Lender designates by notice to Borrower. Any notice provided for In this Security Instrument shaY be deemed to have been
<br /> gNen to Borrower or lender when given as provided in thls paragraph.
<br /> 15, (30VB�ItIBg L�v; SBVe�abll'�4y- This Security InsWment shell be govemed by federal law and the law of the jurlsdiCtion in
<br /> � which the Property Is located. 1�the event that any provision or ciause of this Security InsWment or the Not� conflicts wfth appilcabie law.
<br /> ' ' such confliet shail not aHect other provisions of this SeCUrity InsWment or the Note which can be given effeCt without the conflicting
<br /> provlsion. To this end the provisions of this Secxirity Instrument and the Note are dedared to be severable.
<br /> 16. BOa't'dw8�'8 COpy. Borrower shall be gken one coniortned copy of the Note and ot this Secxirfly Instrument.
<br /> 17.Trans�er of the P�operty or a Beneficiai InR�rest ie BoProsver. If alt or any part of the Properly or any interest in
<br /> it(s soid or trensfarcad (or H a beneficiai interest in Bortower Is soid or transterred and Borrower is nol a naturai person)without lendePs
<br /> pdor written consenl, lender may.at fts optlon,require immediate payment (n tuil ot ali sums secured by this Secxirily Instrument. However.
<br /> . . __.._�_�...,......a.e..,...�e.,.m.��o.��p�G�.�h�ked hv tederal Iaw as of the date ot this Security instrument.
<br /> 'u`,w��.�..a...,,.................___, __.__ .. _..- -- . .
<br /> It Lender exerdses this option. Lender shali gNe Borrower �otice of acceterati�n.T'he noUce shap provide a period ot not less than 30
<br /> days irom the date the nedce is deiivered or msiied withfn which the Bortower must pay all sums sea�red by this Security Instrument. if
<br /> Bortower tails to pay these sums prlor to the expiratfon o� this perlod. Lender may invoke any remedies permitted by thfs Sec��rity Instrument
<br /> • without turther noUca or demand on 8o�rower.
<br /> i P�g� �o�s F�„� 7079 990
<br /> F10Y9.LM6(4194)
<br /> . I �iB06d•���8 -
<br /> �
<br /> t �
<br /> -
<br /> ' —
<br />
|