|
. i, : ;i' .. . . '. ,� . .. ' - .;ryf'.1. ,' '-r'
<br /> - �°x� i't�;;�:.�,1 --- l
<br /> i� '.'`:M-
<br /> . ., , . , . ^1'�' �{�� , ,
<br /> paymenta may no tonger be requlrod,at th�optian af Lender.�f mortgege insuranca coverege(in�he amour�t ar�fur t�b��f
<br /> th�t Le��d¢t rcquirzs)pravided by nn i��surcr t�pproved by Lender ngain becomcs uvnfla�l�ant0 iR e�htained.Anrrower 5he1�pny
<br /> tl�o premium9 required to malntain martgage insa�rmice in effect.ar to prnvidc n I�ss�eserve,until the requfrcnxnt fur mortgsgs ;
<br /> insurance arsc:s in aecardanco with any wrftten agrcxment between Borrower and Lender or appltcubte luw.
<br /> 9►.Inspectton. Lender or its agcnt may muke reasonable entries upon und inspxtlona af tho Praper�y. i.cnder stWll Bivo
<br /> Sorrower notico�t thc ume af Ar prior to an iaspoctton specifying reasonable cause 6or tho inspectton.
<br /> 10. Condemaatton.The proaoda nf any awnrd or rinim for damug�.w. dirett or consequentt�l. in connaatun with any
<br /> candemnation or ather u+kiug uf a��y pu►7 af tIus rropi:rty,�e for cdnvcyuncc in ticu of sondcmnnt�on. nte herehy nssigned and
<br /> ehalt be pald to L.ender.
<br /> In thc event of u total taking of the Pmperty.the pracceds Fhuil be applie�ta tha sums sccurad by this Securlty Instrumcnt, �
<br /> whether ar not then duc.with any exccss puid to Bormwer. In the event of u partlal taking of thB Propsrty in whtch tho fair
<br /> marfcet vulue af the Property immediately before the taking is equal to or greater than the amount of the sums se�:urod by this �
<br /> Secadty Insuument fmmediately before the taking,unless Borrower anQ Lender otherwise agrec in writing.the suma sscured by
<br /> chis Secudry tasaument shall be eeduced by the amauni af thc pmrrzds multiplied by the following frsctian: (e) the tntal
<br /> amount uf the sums secuted imme�lately.before the wking,divIded by (b)thc fair market value of the Property irrunediately
<br /> befure the taking. Any balence shul! be paid to Borrower. In the event of a partjal tpking of the Property in whtch the fnir
<br /> market value of the Property immedlazely hefore the taking is less than the amount of tha sums secured immediately before the
<br /> taking.unless Bonower and l.ender othetwise agree in wrl[ing o�uNess applicable law atherwise provides. the procr.eds shall
<br /> be aphlied to tha sums serwe�by this Security Instmment whether or not the sums aae then due.
<br /> If the PropeRy is a6undoned by Borrower.ar if.after nottca by I.ender to Borrower that the condemnor offers to�uake an
<br /> awaYd or settle a clalm for damages. Borrower fails to respond to Ixnder witA�in 30 days aftcr the date the notice is given,
<br /> Lender is authorized to collect and apply the proceeds.at its option.either to restorAaiom ar tepair of tha Pn,perty or to the sums
<br /> secured b,y this Securtty Insaur+tent,whether ar not then due.
<br /> Unless Lender and Borrower otherwise agne In wrltin�. any application of proceetls to principal shall not extend or
<br /> p��ane the due date of the monthly payments referred to in paragraphs t nnr!2 or change the amount of such paymcnts.
<br /> 11. Borrower Not Released;Forbearance By Lender Not a Waiver. Bztension of the time for payment or moditicadsn
<br /> of amortizstion of the sums secured by this Security Instrument granted by Lender ta any successar in intemst of Barmwer shall
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest.Lender shnll not be required to
<br /> commence prooec�ings asalnst any successor in interest or refuse to extend time for payment or otherwise modify amortl7atlon
<br /> of the sums secured by this Seaurity Instrument by reacon of any demand made by the original Borrower or Borrower's
<br /> successors in irtterest. Any forbearance by Lender in exercising uny right or remedy shall not be a waiver of or preclude the
<br /> exercise of eny dght or remody.
<br /> 12. Suacessors end Assigns Bound;Jotnt aad Several Uab1l(ty; Casigaers. The covenants and agrcementa of this
<br /> t�, Security Inst�ument shall bind and benetit the successors and assjgns of L.�nder and Horrower. subject to the provisions of
<br /> paragraph 17. Borrower's covenunts and a�reements shall be joMt and several. Any Borrower who co-signs this Security
<br /> Instrument but doES not execute the Note: (a) is co-signinB this Secudty Instrument only ta mnrtga�e.grant and convey that
<br /> Borcower's interest in the Property under the terms of this 5ecudty Iactrument: (b1 is not personalty abligated to pay the sums "l�
<br /> secured by this Security[nstn�ment;and(c)agrees that L.ender and any other Borrower may ugree to extend. modify.forbear or
<br /> make nny accom�nodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Chaiges.If the loan secured by this Securiry Instrument is subject to a law which sets maximum toan charges.
<br /> and that lew 1s finally inte�preted so that the interest or other loan charges collected or to be collected in connectIon with the
<br /> luan exoead the permttted limits,then: (u)uny such taan charge shall be reduced by the nmaunt necessary to reduce the charge
<br /> to the permitted limit;and(b)any sums already collected from Borrower which exceeded pertnitted limits wlll be refunde�to
<br /> Borrower. [.ender may choosc to make this refund by reducing thc principal owed under the Note or by making a direct
<br /> payment to Borrower. If a refund reduces princlpal, the reduction will be treatad as a partisl prepayment without any
<br /> prepayment chacge under the Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Securiry Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law re�uires use of another method.The notice shall be directed to the Property Address
<br /> or any other address Borrower designates by notice to I.ertder. Any notice co L.ender shall be �iven by first ciuss maiE to
<br /> L.ender's address atated herein or any other address I.ender designates by no[ice to Bormwer. Any notice provided for in this
<br /> Security Instn�ment shail be deemed to have been given to Borrower ar Lender when given as provided in this paragraph. �w
<br /> ::�,� . �t�C� � �:.
<br /> � 15.Governlatg Law; Severabflity. This Security Instrument shall bc govemed by federal law and thc taw of the �
<br /> ��'" jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Nate
<br /> �s:,�d�_.1<,
<br /> S- rl
<br /> �� confltcKS with appticable law,such conflict shall not affect other provisions of this Securiry Instrument or the Note which can be
<br /> f;,y given effect without the rnnflicting provision.To this end the provisions of this Security Instrument and the Note are declttrecl
<br /> ' j� to be sevetable.
<br /> ..�..,. ...:.:..Y::
<br /> . 16.Borrower's Copy.Borro�ver shull be�iven one�ronforme�rnpy uf the Note and of this Security instrument.
<br /> �".'�.cx- Form 3028 9/90
<br /> c
<br /> ��t�yS�a.
<br /> PCgp 4 pt 8
<br /> YY�."
<br /> �•�'��,��_� t' �tldr�+L.r.,':+.�._..�
<br /> .�"�',�f?5',«=..,r..;ik " - u . . � ... . - ��.'►l :.; '.. .. .,
<br /> '�7' M i r\.�-.. ^ J t� � .'r .�L'. J.••. .
<br /> wL-ii'1Y"' ...� .•' ... � . . � ' .. • �. j f'.::^^L.r�:q i -��:..��. .
<br /> ;
<br /> :�._..:�^ . ; , . ' . • , __� ,e{���!;;�'.r�+r''tir..�y;:.. . „
<br /> . ��+i � ,.. � o� n ., _ ' - . - �.�{ �:�r'`.16 R`.t . � � .. _
<br /> . �,
<br /> -r r'
<br /> ��t' '• r ' , q " � nF'_ - . 1! iJ ..,
<br /> ���... . .'1-`\7 " , . _ �1, . -. ..t. .. . . " n .
<br /> .}::..f•..rti. .-.tY. . . . - . ,) ' :�:. . . �
<br /> Qf{�fV':J.,'lia! • i��tj:: � ° .� ' .��`f'�Y .' .. �
<br /> ,R:.ea,•-��.., �z��pj.F' ' •, . u .. + � ., ' .. '. . V . .
<br /> i �r.rY..,<l�'.��1�� . .. .. .v . .. . '.. . �� i�i��, ' .. � .. ..
<br /> •'� � t�.'' . . . , , � ' � '. � . �. `F:'!�c'�"1'�%'''' ..
<br /> w � � o .. •r7 ��.:
<br /> �,- . a' p-:9.s�1L � .. . . . �:,� };1. . .. - .. .� ..
<br /> 4�1'' r .. .. , a . . . . . �' , ' - .�� ,' .. ' • �� .
<br /> �Lk�� �a�' 33� �f S , � . ° t , " u . � � . R��� ., ,� ° .
<br /> • •• •�
<br /> .. 1 , . . r„'�
<br /> .
<br /> ., . .
<br /> .,� • . x
<br /> �ro „ ` . , , � ii ,. . � ,
<br /> ; � ..
<br /> , ,
<br /> ,. ...
<br /> _ �. � .}• ,�� ' . � j . - o . . .� o .... .� ,tl 'f; � ... „ � � '�
<br />
|