|
� ,�.,_ • .�'tS ;. ���°',i'ta.l�� ��r�t _ ,i�r�::«_ It:.. ' '� ' ���' � -r t � ;t �-i� :i.. --
<br /> � .� .ri't- u .'��'°T'n �l� '����--
<br /> �.1,A 7,. � �2r .��.,�,�� �l
<br /> \�W%�� wLi.� :`•►�...
<br /> . �•_� .��1�f1�'� '
<br /> ��
<br /> � .
<br /> pay��ienta inay no 1ong�r hs rcquitcxl.nt thc opsion of T»crtder,if mortgngc fnsurance caverrage tih�e�muu�a�d fo�peria4
<br /> � that l.ender requir�s)�rovidcil by tir tn�urer ap�ravcd by L.cndcr ognin bccotnes avt�ilable and fs o5taincd.Barrower shall fay
<br /> - �. thc preniiums r�quirnd tv�naintaln ntuRgagc insumnce in effett.or ta provide n loss reservc,uniit tha requirement for n�ortgnge
<br /> insumrtx ends in necor�fc+nec with uny written agre�men�between Ru,ruwcr ar►d Lcfi�cr ar�p�liss.btc law.
<br /> 9. Inspectto�.Lender or ita ngent may muke masonflble entr�es upon nnd In.9pections of the Property.Lender shall givo
<br /> Sorrower notice ut the ttme of or prtor to un inspectlan specifyin�reusonstble causci for thc inspoction.
<br /> 10. Cas��emnutlon. The proceeci� af any sward or cl�im for dam�ges, diroct or acansequmttal. In wnnection with sny
<br /> rnndemnatiun or other taking uf a►y pact of tlte Property.or for cunveyance in tleu of eondemnation.are hereby asslpned aad
<br /> shull be paId to I.ender.
<br /> In thc event of a towl taking of the PropeRy.the proceeds ahaq be applied to the sums s�cured by thia Securiry Instrument.
<br /> whethcr ar not then due. with ony eacess paid to Borrower. In the event of a partjal taking of thc Property in which the feir
<br /> market vulue of the Property immediately before the taking is equal to or greuter than the amaunt of the,nms secured by this
<br /> ' � Security Instrument fmmediately before thc tuking.untess Bormwer ssnd l.ender otherwlse agree in wrlting.the sums secuctxl by
<br /> — � this Secvdty Instrnment shalf be reducc�d by the amount of the procecds multiplicd by the followlag frnctton: (a} the tata!
<br /> _r,�;� umount of the sums secured im�medintely before the taking.divided by(b)the fitir market vatue of the Property immecliately
<br /> ;� �'L'ii�'�!�. before the taking. My balw►ce shaU be paid ta Borrower. In the event of a partfal taking of the Property in which the fair
<br /> �"�.�s"F''. �'t,y�
<br /> .,��.,:... .Y�.:. market value of the Prnperty immediately before the takin�Is tess than the amount of the sums s�cured immadiately before the
<br /> ��t•:,�...:;1;• taking,unless Horrower and Lender otherwise agrea in wdting or unless applicable law othcr�vlse provldes,the proceeds shall
<br /> '��T•.,.i:y r4�
<br /> �'_,r;�4+,,,{ ��Y be applted to the sums secur�d by thjs Secur�ty Insuument whether or not the sums ene then due.
<br /> - If the Praperry is abundoned by Borrower,or if.after nottce by L.ender to Borrower that the condemnar offers to make an
<br /> • • "'1�'' award ar settle a cfaim for dsmages,Borrower fails to nespond to Lender within 30 days aRer the date the �atice ia�iven.
<br /> �'''•":��i+`• '',,`���'�`�� I..ender is authorized to collect�nd apply the procce�s.at lts option.either to restorat�on or repair of the Property or to the sums
<br /> .:. - � �•;..
<br /> sexured by this Security Insuument. whether or not then due.
<br /> .:���•�"'•;�: -.• Unl�s Lender and Bomower otherwlse agree in writing. any appilcatlon of praceeds to principal shall not extend or ,
<br /> �� • � � " postpone the due date of the monQily payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> .� ° 11.Borrower Not Released; Forbearance By Lender Not a Waiver.Extension of the titne for payment or modification ,
<br /> � -. of umortization of the sums secured by this Security Instrument grante•d by Lender to any successor in interest af Borrawer shail
<br /> • . not operate to release the Itability of the original Borrower or Bomowec's successors!n intemst. L.ender shall not be required to
<br /> - ' commence proceedings against any successor in interest or refuse to extend time for puyment or otherwiso modify amortiradon
<br /> � . of the sums secured by this Securlty Instrument by mASOn of any demand �nade by the original Borrower or Borrower's
<br /> ' successors In interest. Any forbearance by L.ender in exercising any right or remedy shall nnt be a weiver of or prezlude the
<br /> „ •� exercise af nny right or semedy.
<br /> �°. 12. Successois and Assigas Bound;Joint and Several Liabiltty; Co-signers.The covenants and agreements of this
<br /> . • Security Instrument shali bind end benefit the successors and assi�ns of Lender und Borrower. subject to the provisl�ns af
<br /> paragraph !7. Borrower's covenants and agreements shall be joint end several. Any Borrower who casigns this Security
<br /> " Instrument but dces not execute the Note: (:s)is co-signing this Security Instrument only to mortgage, granc and convey that
<br /> � Borrower's interest ln the Property under the terms of this Security Instrument: (b) is not personally oblignted to pay the sums
<br /> " secured by this Secudty Instcument;and(c)agrees that l.ender und any other Borrower may agree to extend,madtfy,forbear or
<br /> � make any eccommodations with regard to the terms of thIs Securiry Instcument or the Note without that Borrower's consent.
<br /> ' ° 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law whtch sets maxtmum loan charges.
<br /> and that law is finally interpreted so that the interest or other loan charges collerted or to be collected in connect�on with the
<br /> . loan exceed the permitted limits,then: (a)any such loan charge shall be reducod by the amount necessary to reduce the chsuge
<br /> . ` ' to the permitted limit: and(b) any sums al�+eady collected from Bormwer whtch exceeded permitted limtts will be refunded to
<br /> � ° Bomower. Lender may choose to make this refund by reducing the principal owe�l under the Note or by making a direct
<br /> ; - "_, " payment to Borrower. If a refund reduces principal, the re�uction will be tr�eated as o partial prepayment wtthout any
<br /> ,. ,. pmpayment ct�arge under the Note.
<br /> 14.Notices. Any notice to Borrower provided for in this Security Instrument shall be given by detiverin�it or by mailing
<br /> it by fint class mail unless applicable law requires use of another method. The notice shall be dlrected to the Propecry Addrer:s
<br /> �'�'� or any other address Borrower designates by notice to Lender. Any notice to i..ender shall be given by fitst class mail to
<br /> ��' • Lender's address stated herein or any other address I.ender designates by notice to Borrower. My notice providecl for in this
<br /> ' Securiry Instrument shall be d�med to have been given to Borrower or Lcnder when�iven a�provided in this parngraph. �
<br /> � 15.Governing I.ew; SeverabNity. This Security Instrument shall be �ovcrned by federul Iaw nnd the !aw of the
<br /> Y �' �`I '..:';, jurisdiction in which the Properry i�located. In the event that any provision or clause of this Securiry Instrument or the Note
<br /> !`��.' �.`"`� conflicts with applicable law,such conflict shall not uffect other provisions of this Security Instrument or the Note which cun be i,�
<br /> '" y, given effect without the conflictin� provision.To this end the provisions of this Securiry Instrument and the Note ane declareci `�•'
<br /> .� ; to be severable.
<br /> 16.Borrower's Copy.Borrnwer shall be given one conforn�ed copy of the Note and of this Security Instniment. �
<br /> � - �,.. Fotm 3�02E 9190 -'
<br /> � � Pogo 4 0l 8
<br /> i ,
<br /> �. .
<br /> -0 .
<br /> � .
<br /> �
<br /> ' �_� ''�� ..._-- •` � . , . . _' ,- . - 't��.:. ... . —"'— -
<br /> .. ,. . �-. , .. 1� . ., '
<br /> ' � - .. - LL �" �.
<br /> , , -, .. � �i � . . .. ��l. , .� '.� ..
<br /> ..' . I ' . 1 . .. V . �i
<br /> .�� . . . ' � .. . � - . ..
<br /> � .. " . . � .. � . .
<br /> - . �i ,�- .. �1 " . ' ..
<br /> .. .. •, � .. ' . .. �� '/ � . '. n . ,
<br /> ..� ' y .. . � � .. .. ��. ,. . �1
<br /> � ' •• � . . ,� . ' . ... ..'t� ' - . ., , . ' 'a�,. _.'�_ �� ' ,
<br /> i. ..� ' � i`., ..-. „ �� .. . . .. . . .r „ .. . .. . .
<br /> .. .� � . 'i � .. u . ,. . .i. � �� ..
<br /> , , _
<br />
|