|
� ,�.�� s... .. '� .�i�:Airt'i" _.'- � �4l'� i . i1 �..�:
<br /> ��. i �T����i�� + 1. .��ti'.: `��.
<br /> .-- .. .,4••'1
<br /> , � 9s�— i0�1,35
<br /> ,,: . . ,,
<br /> psymenta may ino lpnger be requin�, at tho optiau afl.tnder,If mortgAge itnuMROe oovcra�'G(in the a�fxwnt ud far tl�e plris�d
<br /> dia4 I.tndcr rcyuires)pravtdcd by mi lnsuter npprnved hy Lc�xlcr ngtdn beeomes aveEla6le aixi fs abtninecl. &�rr�wer ah�ll ray
<br /> ti�.c premiums requiral to maintai��martgaga insurnnce in effect,or to pmvid�a losy reservo.untll the requEtemem fcrt mortgaEte
<br /> Insarance e�xla in accordanr,�wtth any wrttten agreement betwan Borrower and i.erxlrr 4r appliGabic�aw.
<br /> 9.Ympactlae�.l.ender ar ite agent may maka rcaaorutble cntrIay upcm And inspecu�ns ot the Property. l.tr�ler at�all�ivc
<br /> iiorrower notico at ttio tfene of or pdor to an inapoetfon�specitytng raasonablo ciwse for tho inspectiatt. „
<br /> 10. Condemnxttun.The praceeds af any.award or claim for damagas. direct or consequenti�l. in oonnxtion with�ny
<br /> randemnation ar ather taidn�oP nny part of thc Praperty,or far conveyance fn Ileu of condemnntton. fl1Y'FI�IC}D5/RgJ�t�R1'[I ARd
<br /> sh411 bo puid to i.ender.
<br /> In the event of a total taking of the Praperty,the pmceeda shall be app8ed to the sums secured by this Secudty Instrummt,
<br /> whether ar nat then due, wiQt uny excesa patd to Aorrt►wer. in the event of a partisl taking of the P�opetty in which the fair
<br /> market value of thc Praperty inur�ediately before the tnking is equai to or gceutcr tha�n th�amount of thc sums sesured bp thle
<br /> Securi,ry Instrument immediately before the taktng. unless Barrower and I.ender otherwlsa a$ra in writ�ng,tho s�ma securod by
<br /> this Security Instiument shali he reduced by the amowu of We proceads meelUplIed �y We following fraction: (A) the totnl
<br /> amount af the sums secured Imme�iately�before the taking. divide�i by(b)tho fair�narket value of the Prop�ty immedfxtely
<br /> befare the taking. Any balance shall be paid to Borrower. In the event of a paRial teking of the Property in whict� ttte fair
<br /> market valua af the Property immediatcly before the taking ls tess thsu►thc amount of the sums secured immediauly before the
<br /> taking,unless Borrower and Y.ender otherwise agree!n writing or unless applicable!ow otherwise provldes, the proseerls shall
<br /> be applied to tl�a sums secured by this Securlty Instxvrrtent whether ox not the sums arp then due.
<br /> If the Property is abandaned by Borrower.or if,efter rtotice by Lernler to Horrower that the condemnor offere to maka an
<br /> Award or settle a ciaim for damages. Barrower fails to respond co Lender within 30 days after the date the notico is given,
<br /> Lender ls authorized to collect and apply the proceeds,at Its optlon,either to restoratIon or repair of the Pcaperty or to the swns
<br /> secured by this Securlty Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise ngree in wr3ting. any applic�tion nf pmceeds to prIncipal shall not extend or
<br /> postpone the due dute of the monthly payments referred to!n paxagraphs 1 and 2 or change the amount of such payments. •
<br /> 11.Borrower Not Released;Forbearance By Lender Not a Waiver.Extension of the time for payrteent or modificatian
<br /> of amurtization of the sums secured by thIs S�udty Instnunent granted by Lender to any successor in interest of Borrower ahall.
<br /> not operate to release the liabiliry of the origtnal Horrower or Borrower's successors in intcrest. Lender shall not be requir�d W
<br /> commence proceedings against ariy successor in interest or refuse to extend pme far payment or otherwise modify umortlzatlon
<br /> of the sums seau�d by this Secudty Insuument by reason of any demand made by the original Borrower or Borrnwer's
<br /> successors in interest. Any forbearance by I.eceder in exerclsins any risht or remedy shall not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. 3uccessors and Assigas Bound; Joint end Severai Uability; Co-signers. The cavenants and agreemenu of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> paragcaph 17. Borrower's covenants and agreements shall be joint and several. Any Honower who caslgns this SecwIty
<br /> , Instrument but daes not execute the Note: (a) is casi�ning this Secudry Instntment only to mortgege. grant und convey thaY
<br /> Borrower's intarest in the Property under the tetms of this Security Instrument;(b)Is not personnlly obligated to pay the sums
<br /> � > secured by this Secur�ty Instrument;and(c)agrees that Lender and any other Bonower may agree to extend. modify,forbear or
<br /> T - make any accommodadons with regard to the terms of this Security Insuvment or the Note without thnt Borrower's consent.
<br /> 13.Loan Charges.If the(oan secured by this Secudty Instrument is subject to a iaw whtch sets maximum loan eharges,
<br /> � � � and that law is finally interprete�so that the interest or other loen charges collected or to be collected in connection with the
<br /> .'�%�";;f � loan exceed the permitted limits, then: (a)any such loan chcirge shalt be reduccd by the amount necessery to teduce the charge
<br /> to the permitted limir,und(b)any sums already coflected from Borrower which exceeded permitted limiu will be refunded to
<br /> • „F •,,,;;,;• • Borrower. Lender may choase to make this refund by reducin� the principal awed under the Note or by makIng a direct
<br /> ' ��,' payment to Bonuwer. If a refund reduces principal, the reduction wiU be treate� es a psirtial prepayment without any
<br /> �M � �'����:� ' .� prepayment charge under the Note.
<br /> � ��T`����� 14.Notices.An notice to Borrower rovided for in this Securit Instrument shall be iven b dcliverin it or b mailin
<br /> . �1�1:'':•���.�;�,r; Y P Y 6 Y S Y P
<br /> � •,:;s_�.y,'. � it by first class mail unless applicable law requires use of another methad. The notice shall be directed to the Property Address
<br /> '.. �;�.���
<br /> .,•,'��"'� ''": or any other address Aorrower desi�nates by notice to Lender. Any notice to L.ender shall be given by first class mail to
<br /> .�,•.,. � I.ender's address stuted herein or any other uddress Lender desi�nates by notice to Borrower. Any notice provided for in this
<br /> - ;• - Security Instrument shali be deemed to have been given to Borrower ar I.ender when given as provided in this paragraph.
<br /> :,�:...., I5.Governing Law; Severability. This Security instrument shall be governed by federal law and the law of the
<br /> „ ';. ,jurisdiction in which the Property is locuted. In the event that any provision or clause of this Security instrument or the Note �'5
<br /> • ` t'• wntlicts with appticable law,such conflict shall not affect other p�visions of this Seturity Instrument or the Note which c.�u►be f'`�
<br /> ��''��`�``v'?��' � � given effect without the conflicting provision. To this end rhe provisions of this Securety Instrument nnd the Note�declured ��'���
<br /> ,._
<br /> ':.+•:_r_ ..s�.� to be severabie.
<br /> ;�:<< 16.�orcower's Copy.Bonower shall be given one conformed copy of the Nate and of this Security Instrument. '
<br /> :,�:..;�i .- Form 3028 8180
<br /> ..y.`. ,• . •r! Pago 4 ot 6 ,
<br /> �+";"�;'�- � .
<br /> C�,Iq�►ili' . i���. �
<br /> :�.• =�
<br /> 1'-., � .,,fe'
<br /> ' � -- . r-. ' . ' . . . . , ... . ..�...�„ —'*'--—""'r: . .:,b.,� ..._ .. _ ..._. � . .. ., . —
<br /> ., .. „ � .. _ � " . . .. �.. ' . ., . . . _..._ ..-±;=V1t.' ' _ .. • .. . �
<br /> � .. ., ^ .i � ., , '• � �� .. u . . � .. ' .. .' _ . �— �
<br /> .. .. • . " o .. �• �il � ., � . .. . .. „ ' . : .
<br /> 1'•, , . .. � ... ' J.. . n l . . -' �, . J , . , .. `� _ �.
<br /> , ' . . ., a �. � . . .. . .. n' ,,.. ... ' ..
<br /> �' ' ,`', •' ., . . � _ ,':I 'r:y;y �.^�4"L,.,.. � .. .. .� �
<br /> r� • ���o .. , .. � J .. .. . , .. .� . -yMZ�,�? qrp.H+3 t`r ' il . .�
<br /> - � . . •o 'l� . - � . - - . -• ,>
<br /> .. ,i V .. , �- - .. . , .. . ,. ,
<br /> + � _. L �� � .. � - .. . . . ..
<br />
|