|
�� , ll
<br /> . -...my�
<br /> .
<br /> .. . .
<br /> . -�_.
<br /> � .. }�i . � , .. .� .
<br /> .
<br /> L ' . . . . . . �.�
<br /> � ` ..1 vnr-s.• . . �,r ai_4�
<br /> . . �sm�way„� ..........,r�.ww�w�.....5........::.�......:............_�.:✓,� n �urr
<br /> • . ;� . :.,.._.:--�`---_,,_..:.....�__...��:_�� t y„ ,
<br /> ;y,..
<br /> - >�� � � h ..._...__"�Sk.Y( .. .._+!r . . •te 7�
<br /> _ � ,. �, .. _ _,.� ._ . ,{�L�°°°�.�8�"�°� ��---
<br /> — •----�....:: —
<br /> ° - ---,,s;,:� " substantiaUy equivalent inortga;e insurance sovcr.�ge is not availabie,Borrower shall pny to L.endcr cach rr.onth a sum cquul[u _--__
<br />- . . one-t�velfth of the yearly mortgnge in+u�a�;c�prcmirm tCiiib�rµfd�y Aotr:�ti:'er::�h:a the sn�e!r<nr�cnvr.mee Inpscsl ur ccased ta _
<br /> , be in effer.t l.cnder will accept,use and recain these payrnents�s n loss rescrve in lieu of mangage insur�ince. l.oss rescrve =F
<br /> payments may no longer be rcquir�d, at the option of Lender, if matt�age insurance covcra�e (in the amount ard for the periad
<br /> • ' tliat Lendcr requires) proviJcd b}� an insurer ar,provcd F�y I.cndcr a�ain hecomes�vnilable and is obtnined. Dorrc��acr si►all p�y
<br /> � the premiums rcquirecl to maintnin mortga�;e insu�•anca in effect,nr tu provide ci loss reserve,until thc rcyuirement fur mc��t�;a;;e
<br /> " insurance ends in accorJnnce with any��ritten agreemr,nt bet�vicen Dorro�ver smd Lendci•or applicabie luw. _
<br /> •� y. Ins�sectlm�. L.endcr or its a�cnt ma�+ makc reusonablc cntrics upon and inspcctions of thc Property. Li:ndcr�;hul! give _
<br /> Hon•ov�er notice at the time of ar prior to an mspection specifying reasonabic cause for thc inspection. ___
<br />� � . 10. Condem�mNon. The proceeds of any award ar cln�rn for dumages, direct or consequenti�l, in connection with nny ----
<br /> condemnation or other taking at any part of the Property,or far conveynnce in lieu of condemnaUon. are hcreby assigned nnd
<br /> • shall be paiJ w I.ei�der. `-
<br /> [n the event of a totnl taktng of the Property,the proceeds shall be applied ta the sums secured by this Security Instrument,
<br /> • whether or not thcn duc, with any excess paid to Borrower. In the cvent af a pnrtiul taking of the Property in which the fair �_
<br /> ' market valuc of the Property imrried{atcly before the taking is equal to or grettter tliun the nmount of tl�e sums sec�recl by this
<br /> Securit,y Instrument immediutely before the taking, unless Borrower and L.endcr otherwise agree fn writin�.the sums sezurcxl by —
<br /> • this Ser.urity Instrument shall be reduced by the amount of the proceeds multiplied by tlxe following fractlon: (a) tlte total
<br /> suttount of thc sums secured immediately before the taFcing.divided by(b)th�fair market valuc of tbe Property immediately
<br /> beforc the tuktng. Any balance shall bc paid to Borro+uer. In the event of� parti;�l taking of iLa k'ropc�rty in c+hich tttc f:.ir ___-
<br /> market value of the Property ir►unediately before the wlcing is less thln the amount of the sums secured immediatcly beforc the
<br /> taking, unless Bonower and C..ender otherwise agrce in writing or unless applicnble luw othenvise provides, the procecds shall
<br /> � be upplied to the sums secured by this Security instrument whether or re9t thc sums arc then due. _
<br /> � If the Property is abandoned by Horrower,or if,after noticc by Lender to Borrower that thG condemnor offers to make An
<br /> award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> Lender is authoriced to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums .
<br /> • secured by this Security Instrument,whether or not then due. _
<br /> '� � � Unless I.ender and liorrower otherwise agree in writing. any applicaiion of procecd� to pri�cipal shall noi ertend ur - -
<br /> • postpone the due date of the monthly payments referred to in P�rngraphs 1 and 2 or change the amaunt of such payments.
<br /> 11. Borro�ver Not Reles�.sed;Forbenrance By LendFr Not u Wt�lver. Sxtension nf the timo for payment or n�odt��euution
<br /> � of amortization of rhe sums secured by this Securiry Instrumen[granted by Lender to uny successc�r in inteYest of Hon•ower shull
<br /> . not operate to release the liubility of the original Borrower or Borrawer's successors in interest. I.enc�er stzall not be requizetl to
<br />_ ., '",'�•': � commenee praceeciings ngainst any successor in interest or rafuse to extend time for payment or atherwise madify am�xKi�mdon --
<br /> , _.;,�, :-. ..,' :`_1�;
<br /> . .. _ _;�. . of the sums secured by this Security Instrument by reason of' any demand made by the original Borrower or Borrowei•'s
<br /> • �uccessors in interest. Any forbearunce by I.ender in exercising any right or remeciy shall'not be n waiver of or ps�clude the
<br /> ' exercise af any right or remedy.
<br /> - � � 12. Successors nnd Assigns Bound; Juint And Severnl L.fabliity; Casigmera. The covenants and agreements of this
<br /> . „ Security Instrument shall bind and benefit the successors and assigns of Lender and Horrower, subject to the provi�ions of
<br /> .,
<br /> •;,
<br /> paragrapli 17. Bonower's covenants and a�reements shall be joint and several. Any Donower who co-signs thls Security
<br /> --�---
<br /> Instrument but does not execute the Note: (a} is co-si�ning this Security Instrument only to mortga�e, grant and convey t at
<br /> Borrower's interest in the Property under the terms of tnis Securicy Insirumeut;tuj i5 iwi Erci5vii6{ij% u�i�gatc�i i�pa�i�a saisss
<br /> „ secumd by this Security Instrument;and(c)agrees that I,ender und any other Borrower may agree t^extend,moclify,forbcar or _
<br /> muke any uccommodc�tians with regard to the terms of�his Security[nstrument or the Not�wnhout that Borrower's consent. _
<br /> " 13. I.uau Cliarges. If thc loan sccurcd by this Securiry Instrument is subJcct to a law which sc;ts maximum loan churges,
<br /> �� " und that law is finnlly intcrprctcd so that thc interest or other loan churges collected or to be calla:teal im conncction with the �
<br /> - loan excced the�emiiuecl limitti, then: (:�)uny such loan chiirge shull be reducecl by the umnunt necessnry to rc�duce the chrrge
<br /> �� to ihe permitted limir,nnd(b)uny sums ulreudy cullccteJ from 8orrower which exeeeded permitted Ilmits will lx eefuriderJ to
<br /> Borrowcr. Lcnder muy choosc tu mukc this refund hy rcducing the principal o�ved undcr thc N��te or by mnking u direct
<br /> � payment io Iiorrowcr. If u rcfund reduccs principal, thc rcduction will bc trcatcd us u partial prcpaymcnt without any
<br /> prcpuymrnt cfinrgc undcr thc IJotr. -
<br /> . 14. Nuttccs. Any noticc to Borrowcr providecl for in this Sccuriry Instrumcnt shull bc givcn by dclivcring it or by mailing
<br /> it by tint class muil miless applicable Inw reyuires use of unother method, The itotice shull be directed to the Property AddrGSs
<br /> or any other uddress Borrowcr designatcs by notecc ta L,ender. Any noticc to Lcndcr shall bc �iven by first class �nail to �
<br /> �• . L.ender'4 nddresc stutecf hercin or uny othcr address I.endcr designates by notice to Aorrower, Any notice provideci for in this
<br /> Securiry Instrument shull bc dcemed to havc bcen givcn to Bonower or[.ender when given as provided in this paragraph. _
<br /> I5.Governing L�w; Severabil(ty. This Security Instrument shall bc govcmcd by foderul law and the law of the ��.
<br /> jurisdiction in which the Pmperty is locateci. In the event that nny provision or clause of this Security Instrument or the Note _._-_.
<br /> conflicts with applicuble law,such conflict shall not affect other provisions of this Security Instrument or the Note which ca�i be = -
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared -
<br /> ��:..
<br /> to be sevcrable. �'_
<br /> 16.Borrower's Copy. Bon•owcr shall be given one conformed copy of the Notc and of this 5ecurity Instrument. �i•�
<br /> - �' 17.Transfer of the PropeMy or a Beneficial Inteirst ie�Borrower.If all or any part of the Property or uny interest in it
<br /> � is sold or transferred(or if u bcneticial intcrest in Bon•ower iti sold or tr.insfernd and Borrower is not a natural person)without r
<br /> s � Lender's prior written consent, L.cnder may, at its option, requirc immediatc payment in full of all sums secured by this
<br /> � � Security Instrument. However, this option shall nc�t be exercised by Lender if exercise is prohibited by federal law as of the date
<br /> � • oF this Security Instrumcnt.
<br /> • If L.ender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not
<br /> � • less than 30 days from thc datc thc notice is delivered or mailcd within which Borrower must pay all sums securcd by this
<br /> Security lnstrument. If Borrower fails to pay thcse suins prior to thc expiration of this period.Lendcr may invokc any remedies
<br /> 1 � permitted by this Security Instrument without further notice or demand on Borrower.
<br /> 18. IIorrower's Ri�ht to Relnstt�te. If Borrower mects certain conditiuns, Borrower shall have the right to have
<br /> enforcement of tliis Security Instrument discontinucd at any time prior to the earlier of: (a) 5 days(or such other period as
<br /> applicablc law mxy spccify for rcinstatetncnU before sale �f the Property punuant ro any power of sulc cuntained in this „
<br /> Security 1ncM�ment; or(b)en!ry of a judgment cni'orcing this Sec�riry instrument.Those conditions are thut B��rrower: (a1 pays
<br /> ' � L.ender all sums which then would be due under this Security Instrurnent and thc Nate a� if no ncceleruticm had occurred: (b) 4
<br /> cures any default of any other covenunts or agrcements: (c) pays all expenses incurred in cnforcing this S�rurity Instrument,
<br /> ' - , including,but nnt limitcci to, reasonablc attorncys' fccs:and (d) takc�such action as Lendcr may rcasunubly requirc ta assurc
<br /> . thut the licn of this Security Gistrument. Lender's ri�htti in ttsc Property anJ Borrowcr'� ubli�ution t��pay thc swns ticrureJ by
<br /> f, this Sewrity Instrument shall continue unchangc�. Upon reinstatenunt by Borcower, t�iis S��curity Instrument and the
<br /> �-- - - --- - -- -_ ..h��..�r�n„�cvrurrd hrr�hv ch:�ll renIDitl fUUV�1�1�CC[1VC as if nu arcelerati�m had accurred. However, this right to rcinstate shall �
<br /> -- _z _ _ ____ _I .._..D-'._..-------- • -
<br /> ,_ ' not apply'in thc casc of ucccicraticm undcr paragraph 17. �
<br /> ; 19. 5ale of Note; Chnn�e of Loan Servicer. "Thc Nutc or a partial intcres[ in thc Nutc (tagcthcr witl� this Scruriry �
<br /> Instrurnent) may be sold one or morc times without prior noticc tu Bi�rrowcr. A salc may result in a chan�;c in thc entity(known I
<br /> ' :�s the "Loan Sei�vicer")that collccts monthly pxymcnts due unJer the Note anJ this Securiry Gistrument. Thcre also may hc onc �
<br /> '.� • or more changes of the L.oan Servicer unrelated te�a salc uf the Note. if therr is a change of the L,uan Servicer. Burre>wer will bc i
<br /> ; ( given wriiten notice of the change in accordanee with pxragraph 14 above and applieablc law.The noticc will +tate the name and !
<br /> taddress of the new Loan Servicer and the address to which payments should be made. The notice will also runtain any other �
<br /> y information requircd by applicublc law.
<br /> � � 20. Ha�t►rdous 5uhstances. Borcower shull not ccwsc or permit the presencc. use, dispos,il, tit��ragc, or rcicas� ��f uny G
<br /> ? , � Hu•tardous Substanccs on ur in thc Property. Borrowcr shall not dn, nor BIIOW LIly0I1L` clsc to do, anything aFfccting thc
<br /> � l Property that is in violution of uny Envir��nmental Law. The prccedinE two sentences shall not apply tu the pre�enrc. usr, ur ;
<br /> storage on the Properry of smull yuxntities of Naz:trdous Subslanccs thai arc generally recc,gnizeJ tc�be uppropriute ta nc�rmal i
<br /> . �, • residential uses and to maintenance of the Pri�perty. �
<br /> � , raya 3 0�a Form 3026 9/9Q �
<br /> ;� ,' • '
<br /> �
<br /> . � .... _.._...._.....—�--- . _ - -- - —
<br /> _._..., ._...-- .. . ._
<br /> � ..... ...... ...- �---_�_.--..,_._... ..---�------. .„ ... ., -� �2
<br />
|