|
. •:��+ ��',i�j,.. •tii •�r'� : b►tire!{ i,y,l...:• .� � ... �. ��4
<br /> •�Q W. ( {.a��'� ���t.s.., . ,F,r
<br /> ..•,t'�. � +�!E>'' a.� .
<br /> �
<br /> j��,
<br /> �
<br /> puy�nents may no langer be rcquired,at thc option of Lender,if mortga��e insueance covet��tih he�o�and tor the per�ad
<br /> _ diat l.ender reyuire9) pravIded by an insurcr ci�pruved by i.crider agnin becomc9 nvnilubie and is obtained.monower shnll pay
<br /> the premiums rcquircd to mai�u►fn m�rtguBe irtsumnce In effcct.or to prnvlde u lass resctve,unti�thc requirement for martgngc
<br /> insurance ends fn uanrdance with nny w�itten ugrceinent bctwcen 9arrowcr nnd l.cr+dct ur t�pplicublc luw.
<br /> 9.InspecUon, I.ender Ur itx ngcnt may mako reusonuble entrics upon und inspectiuns of the Property. Lettder shall give
<br /> Bomawcr naaico+�t thc d�nc c►f or pr�ar to un insp�xttan Rpccffying r�asonuble causc for thc inspcction.
<br /> 10. Condemnntton.The prc►ceeds of any nwurd or clnim fur dnmuges, direct or c�nnequential,in connection with any
<br /> candcmnution oc uti�er tal:ing of any part of the Propeny. or f�r a►nveynnce in lieu of cnndemnutian,uc�e hereby assigned und
<br /> shall bo paid to Lender.
<br /> In the event of� totul t�lcing af thc Property,the proccr�lw Khull be upplicd ta tha sumti sccured by this Securtty In.gtrument,
<br /> whether or not then due.with any excess paid to Bi�rmwer. In tha event uf a partiul tuking of thc Pro(serty in whtch the fuir
<br /> cnarket value af che Peoperty immediutely before the taking is equal to or greater thun the umount af the sums secure�by thie
<br /> ' Secudty Instrument immcdiately before the taking,unless Borrnwcr and l.ender othcrwlsc ugree in writing.the sums secured by
<br /> this Sccurity lnstrument shall be reduced by the umount of the prc�ceeds multiplicd by the followinB fraction: (u) the tutal
<br /> amount of the sums secueed immediately befane the tuking,divIded by (b) the fair market value of the Property immediately
<br /> before the taking. Any bulartcc shull be pald to Borrowcr. In the event of a partiul takM�of thc Properry in which the fair
<br /> murket vc►!na of the Property immediately before the taking is less thun the amount of the sums sccured jmmedIntely before the
<br /> taking,unless Borrower and L.ender otherwf�c agrcu in writing ar unless upplicnble luw atherwl�e provides, tho proceeds shall
<br /> be applied to t6e sums secured by this Security insUUment whether or nat the sums nre then due.
<br /> i If the Property is abandoned by Harrower.or if.ufter nattce by L.ertder to Borrower that the rnndemnoe offers to make Rn
<br /> awas�d or settte a clnim Cor damages. Borrower faiis to respond to Lender wlthin 30 days aftcr thc datc the not{ce is given,
<br /> � Lender fs authoriud to collect And npply the procceda.at its option.e[ther to restoration or rcpair�f the Property or to the sums
<br /> ;�:����' , l; � secured by th[s Security Instrument.whether or not then due. �r
<br /> iJnless I.ender and Borrower otherwise agrce in v►•ritin�. any upplication of proceeda to principsil shall not extend or "�
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount af such payments.
<br /> Il. Boreower Not Released; Furbearance By I.ender Not s Waiver. Bxtensian of the eime for paymen[or modification
<br /> of amortization of the sums secured by this Secudry Instrument grnnted by C.ender to any successor in interest uf Borrawer shall
<br /> 1�•ef } .... not operate to release the liabiliry of the origlnal Borrower or Borrower's successors in interest.Lender shall not be required to ;�-
<br /> `'r�.;�,;� commence proceedings aga�nst any successor in intcrest or r�fuse to extend time for payment or othenvise modify amortization „
<br /> `' `' '' of the sums secured by this Security Instcument by reason of any demand mnde by ti�e ori�Inal Borrower or Borrower's ��'�
<br /> �'.*�*�;�,�r sucxessors in interest. Any fotbearance by Lender in exercising su►y right or remedy shall nat be a waiver of or preclude the '
<br /> �.
<br /> �:,. _• exercise of nny right ar remedy.
<br /> • ���'�tY>�p�;, , 12. Successors and Assigns Bound;Joint and Several Liabillty; Co-signers. The covenants and agre�ments of this
<br /> ���n�;„'o.�•.• 5ecurity inxtrument shall bind and benefit the wccessors and usstgns of Lender and Borrower,subject to the provisions of
<br /> , �;.v`�'��i.iC4 ir. ` `
<br /> ..r,r,�;_•,_•.,�i'�r. : paragtaph 17. Bonowers covennnts and agreements shttll be joint and several. Any Bonower who ca-signs this Securiry ;�,,
<br /> • ,. ._;�^:`�r Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mon�age, grant and convey that
<br /> ��,.h�:. .; ,�,�
<br /> .,. Bonower's interest in the Property undcr the terms of this Security Instrument;(b)is not personally obljgated to pay the sums
<br /> '::.��',�� ,
<br /> �?;;,•. fi , ' secured by this Security instrument;end(c)agrea that Lender and uny other Bonower may a�ree ro extend, modify,forbear or •:;�
<br /> ' "'' ' '.� m:�ke any accommadations with regard to the terms of this Security Instrument or the Note without that Borcower's cansent. 1 �
<br /> Y4�.
<br /> ` "' 13. Loan Charges.If the loan secured by this Security I�strument is subject to a law which sets maximum loan charges,
<br /> �� �; ,, and that law is finally interpretetl �co that the interest or other loan charg�cullected or to be collected in connection with the
<br /> {' loan exceed the permitte�limits,then: (a) any such loan charge shall be reduced by the amount necessary to roduce the charge ~"~
<br /> to the permttte� limit;and(b)any sums aiready collected from Bormwer which excceded permitted limits wil!be refunded to ir ,_
<br /> '• ' `�•` . Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by mnking a d�rect �'
<br /> _ ` � " �' payment to Bonower. 1f u refund roduces principal, the reduction will be trcuted as a partiul prepayment without any t.� '
<br /> � ';-e�,�i.���� prepayment charse u nder the Note.
<br /> `+ ���f%:;'�;:,r 14.Notices.Aaey notice to Borrower provided far in this Security Instrument shall be given by detfverin�it or by muiling
<br /> ,,`_•�� '�.'�," it by first dass mail unless npplicubie law requires use of another method. The notice shall be directed to the Property Address •
<br /> .�c:.:;� ...:_..:
<br /> 'Ly�_,�, . .,;' or any other nddtess Bonower designates by notice w Lcnder. Any notice to Lendcr shall be given by first cluss mail to
<br /> � �.�+�� �° I.ender's address stuted herein or any other address I.ender designates by notice to Borrower. Any notice provided for in this '.".;�'
<br /> � � �� ' �� Securicy Instrument Shall be deemed to huve been given to Borrower or Lender when given as provided in this pnragruph.
<br /> �'r��f�� ��J' I5.Governi� [,ew; Se�erabiUty. This Secudry Instrument shall be govemed by federal law and the law of the
<br /> y�:`�' ., •F jurisdiction jn whkh the Property is located. [n the event that any provisian or clause of this Security Instrument or the Note
<br /> .�'��;"'� �•�` .� conflicts with applicable law.such conflict shall not affect other prov[sions of this Security Instrument or the Note which can be
<br /> -���''-�`'��` � -' given effect withat the cunflicting provision. To this end the provisions of this Security Instrurnent und the Note are declared
<br /> r :�• �
<br /> �'"'"'�� �•��� ��� to be severable. .�
<br /> '�''•'"�"�,"' '�' "' '� 16.Borrower's Co Borrower shall be wen one conformed co of the Note and of this Security Instcument. �
<br /> ••- p9• � PY
<br /> !':��`" ,,Y��. Fotm3028 9l80
<br /> .":�� ,'r., �� acgo a ot s
<br /> �:.�y� `�.u..w�..
<br /> .' �^,��,�A
<br /> �t�e�,�;.r..�Tx: .
<br /> "_4!� . ." ..�, . .. . .. . ,... ., .. . .. -� � . .. "' . ._. �p;. . +lr,tp+, ''f^.... . . ^ .,..
<br /> � . . • . ,� . -'x�� L ��..al; ����� ..,7.
<br /> .a... _ . ,� r 'a� . .
<br /> i ,, .
<br /> �� � • • � - , . ��s�.:. ,. . . . .
<br /> �` `' -- - . . = ��1 . � �_ ' .
<br /> •� � „ �
<br /> ..—. _. .-,-
<br /> _� �..�.�... ' _ .-� . ... . . . .. �-. _ . . .. .. .. .. ...." � __ . . 4 _' _"_ ....._.r_
<br /> .�. ,. a . " .nc
<br /> - .. .. ._�. . _ .� - . .. �" ,�
<br /> - ` � .� ' y,,..�.
<br /> T4r �� . . ,. � fJ � � ." '�'"^ ' . ' .. '� '
<br /> 'Q.. �.�.,i�: o .
<br /> .. .. ... . - . ' . ., . .. �. � .. ^ . .. . • . . .�b. ' . . .
<br /> ��' ; .� ...�: � . .. . .. . ,. . .� .. . „ . . , . .... . - <, �.
<br /> .� . , ' ' . : ' , .. . ;� :5� .f,: , .
<br /> , .
<br /> . ..,
<br /> , . . . .
<br /> �. . .
<br /> .. _ ..:1,._...•.ti . � . ' ' . � .;
<br /> — — --f� ;,— --' -r. — -
<br /> ., ---'. . _.
<br /> ., ,...
<br /> ,__- . . •-
<br /> , -- -T..
<br /> _. ..
<br /> _.,
<br /> �. �.t..T . ; . . ., . . ' .. . - . '""' _" '' _ � _ . — ; .. . .. . -. , � ._
<br /> y+ i{ _ • u .. �te(�. � .:li!y�' 4�, . /�
<br /> '� ', i� .. � - . .. 1 -/ 4 �•.� - . ..
<br /> +Eii\' A' -�h.1 � . � , u . .. . ` .<- ���. . � . .
<br /> 4'•4 i;,Y$, . - .. . . _ ' .. . . � . . , it .
<br /> • -"T ' . , . - ., � , .. �<i> . � .�. , `� .. ,�. .
<br /> � • + ; ' ° ' .1 " �� � -y ., .. , . . �, ,
<br /> . � qi�' � a ,• ' . n. . .. - � . ..
<br />
|