|
.. �� . . . . .i . . _ . � -...��-�:
<br /> . ,;.,eh, ,. . . . . . � ,. --..
<br /> � '=`� . .. " - . r i�A .. —_ - ..;.. . . _.
<br /> - --. ..... . ... .. .._��-v_.. .--
<br /> - .�. � .. `�` � ,�- .�i�.v���.�;r`_,`__, Y. -�' ._ �_..,.. .;, . - .it•T�.r� ' -----
<br /> ` ..,►.:.e�.m.i.rsu�.dn '.'-'` ..e,.u3c... -
<br /> _ � �
<br /> � . +rW - .. _:1�tYi311.at4.+1W.h.i�*.._,..�.._.--�-rr•-•-�1+'_Qi-k9"nw9L_�_n.^--r^i.—s:�
<br /> 'h., ._�v�,b-.. . _�. ..:_`....` .�w+w�,�.M..�,,,,.,.,..,].iL.,..._..`...�...,. _..,._,.e...�,._.'��.-_�_ �' — ___ -- -_-- __' —. ___.
<br />''Y�"�. �. _. _-_ . ' _ .. ��" -- _ __ . _ _. ____.__.
<br /> ��.
<br /> r ...
<br /> _ .__ ��. �: �... .... ......
<br /> . __..
<br /> - . . :t, . ;,
<br /> ��4° �LO���bS
<br /> ' .ubstanti:+lly cquivalent iz�onga�c iiysurancc cmem�c is not av�ilablc, Horrowcr shall pay tn l.cn�icr cach month a sum equa! to �= � " � ;�,,,,,r
<br /> . cmo-twcif�h e�f►hc yc.erly �r��rtgu�c insurancc prc�nium bcing paid hy Bnrrrnvcr wl�cn�hc insuranrc covcra��lapscd or ccnscd to '`�-''"''""`'`
<br /> � he in effec�. l.ender will ucrept, use:md retnin lhese payments;is �i Inss reserve in licu of murt��n�;c intiurance. I.uss reserve '' •- °
<br /> . paymcnts moy nn Inn�cr Nc requircJ. iit thc iiptian nf f.cndcr, if'ninn�,a�;c intiur�mcc covcra�c (in thc.unuwn und tiir tltc perind � . . �'`''�x`
<br />� „ tl�,u l.e�tdcr rcqoires) prnvidcd hy i�n insurcr upprrncd by I,cndcr a�ain bccumcs arvail:iblc und is nbtaincd. Dorrowcr shall pay �-;r,i�_;_;,;M_,:� 4
<br /> thc prcmiums rcquircci to ntaintuin muet5ubc insur.mcc in effcct,or to pn►viitc a luss rescrvc, until tlic rcyuiremcnt for�nongagc - -__
<br />- ° insurancc cnds iu accurdancc with nny�vrittcn ugrccmcnt hctwcen}�arrowcr an�l I.cndcr or�ipplicablc linv. �``=-��Y=--
<br />' � 9. Inspectlun. Lcndcr nr its i��;cnt may makc rcasunnblc cntrics upon und inspcctiuns iif thc Propcny. Lendcr sh�ill givc �''_`�'���-°
<br />'_ . Borrowcr noticc�u th�timc uf or prior to an inspcctiun tipecifying rcnsumiblc cnusc for lhc inspcction. �°��---�
<br /> -=_ -
<br /> " 10. Cande��nutlan. The proceeds of uny n�vurd or cl;iim for damages, direct or conseyuentiul, in connection with uny �- -�-
<br /> condemnatinn or oth�r iatcing of any part c,f'the Property, or f'or conveyance in licu uf wnd�:mnutiun.are hereby ussignecl unJ �:;��:3�.m.,n_��.��
<br />� shull bc paid ta l.cndcr. --
<br /> In tttc evcnt of u tatc�l taking oF thc Pruperty, thc p�x�recds shull be applicd to the sums secured by thiy Security Instrumcnt, �::'��-�;=__
<br /> , �vhcthcr c�r nnt then duc, with any cxccss paid to Borrowcr. In thc cvcnt of u partiul taking of thc Property in which thc f�ir ��'r "���.�
<br /> markct vuluc of thc Property immcdiutcly bcf'orc chc taking is cquul to or grcutcr than thc auiuunt of thc sums securcd by this �����""�'�r��
<br />- . , Sccurity Instrument immcdiutcly heforc the taking, unless Borrower and I.cndcr uthenvise agrce in writing,the Sums secured by ' ,, ;
<br /> thi.r Sccuriry Instr�mcnl shall bc rr.duccd hy thc nmaunt of thc procecJs muftiplicci by thc (ol lo�ving fraction: (a) thc talal -�.:�_:•:��
<br /> • �imnunt Rf the sums sccurcd immediutely heforc the taking, diaidecl by(b) thc fair markct valuc of the Property immediately �
<br /> .. ,,.
<br /> heforc thc tuking. Any balancc shall be paid to Borra�vcr. In thc event of a partiul txking nf thc Propeny in which thc fair �� . t
<br /> markct v�lue Uf thc A��perly immcdiatcly bcforc thc tuking is Icss than the amount of the sums secured immcciiatcly beforc the i, , .
<br /> tuking, unless Borrowcr and Lendcr otherwise ugree in writing or unl�ss applicablc Inw otherwis�providcs, thc procccds shall r_ : .' �
<br /> bc�pplicd to thc sums sccured by this Sccurity Instrumcnt�vhcther or not thc sutns arc then due. • • �„ ,��
<br /> ° [f the Property is abandoncd by Borrower, or if,aftcr noticc by L.ender to Borrowcr thut thc cnndcmnor offen to make an
<br /> ' award or sctNe a clairn for Jamages, Borrower fails to respond to Lender within 30 days after th� datc the noticc is given. " . ,,.
<br /> • C.ender is authorized to coUect and apply thc proceeJs,at its uption,cither to restora�ion or rep�ir of the Praperty or to the sums •..;,.. . '•'.�'
<br /> sca:ured by this Sccurity Instrument, whether or not U�en Jue. ;,�; .
<br /> Unless Lendcr and Hurrower othenvise agree in �vriting, �ny applicntion of pruceeds to principal shull not extend or . ...,p ;
<br /> postpone the due date of thc monthly pnymcnts referrcd to in paragruphs I and 2 or chnngc thc am�unt��f such paymcnts. � ,
<br /> 11. Borrawer Not Released;Forbenrnnce Ry Lender Not a Waiver. Extcnsiun of the tin;e for payment or mociitication
<br /> , �' of amortizatiun of the sums tiecureJ by this Security Instrument grantecl by Lender to any successoe in interest of Borrower shall '�� '��% .
<br /> not operate to release the liability of the original Borrower or Borrower's wccessors in inecrest.LenJer shall not be reyuired to
<br /> commencc proceeciings against any succcssor in interest or refuse to extend time for payment c�r otherwisc modify umorti7,ltion
<br /> • of the sunts secured by this Securiry Instruntent by re:►son of any demand tnadc by thc uriginal Dorrower i�r Aorrower's
<br /> successors in interest. Any f'orbearance by L�nder in exercising any right or remedy shull not be a waiver of or preclude the ' . �. �• ---
<br /> exercise of any right or remedy. ;_;�Y_��
<br /> 12. Successors and Assl�ns Bound;doint s�nd Severul l,iabtlity; Co-slgners. The covenants and ugreemen�s of this ' —
<br /> � Security Instrument shall bind and benefit the surcessors and assigns of'I.cnder and Borrower, subject to the provisions of • �`�'�
<br /> , ,..,
<br /> parugraph I . Borrower's co��enants and agrcements shall he joint and several. Any Borroµ•er who co-signs this Security :.�.:•' • � -
<br /> - � . -�----�----�---� LTiSiiU��tli�uI ii�aii iiGicni;a;uic iii� ivuia. laj i,cu-,iguiug i1ii� Securi�y II1tiIfUl11C11[ Ullly f0 mor-tgagc. grant anu convcy that . �� -
<br /> -- -- -- -- ,,.,,; ,..
<br /> Borrower's intcrest in thc Property undcr the tcnm of this Sccurity Instrument: (b) i,not pers�mally obligated tu pay the�ums � '
<br /> sccured by this Sccurity Instrument; and(c)agree� thut L.cnder and.my other Borrowcr may agrce tu extcnd, modify, forbear i�r '`�"'��� {�
<br /> make uny accommodations with rr,gard to the terms of this Security Inscrument ar the Nute widiout that Borrower's runsent. �, ; z1/
<br /> 13. I.oan Charges.If thc loan sceur�d by thi�Secnrity Instrument ix suhjcrt tu a law which ,ets muximum loan chxrges. � -
<br /> und that law is finally intcrprete.i w tha[ thc intcrest or other Ic�an rhurgcs rollccteJ ur tu be ruUectcJ in conncction with the °tif`.
<br /> loan exceed the permitted li�nits, then: (a) any such loan churge shall hr rrdured hy thc umount ncrestiary ta rcdurc the chargr �
<br /> to the permitted limit; and(b)uny sums already collected from Borrower whirh exceeded permitted limits�vill be refundeci to
<br /> Borrower. L.ender may choose to make this refund by reducin� the principal uwcJ under thc Nate or by making u Jirect ,;,�
<br /> payment to Honower. If a refund reduces principal, thc reductiun will he trcateJ as a part ial prepayment without uny
<br /> prcpayment chargc undcr t hc Note. •. ,� , ,
<br /> 14. Notiees. Any notice to Borrower pmvideJ for in thiti Security Instrument shall be given hy dcliv�ring it ar by mailing �
<br /> it by first class mail unless upplicable I��v reyuires use of another methud. Thc notice shall be directed tu the Pruperry Addrexs ' " A ,
<br /> • or any othcr address Borrowcr dcsignates by noticc to Lcnder. Any nc�ticc to Lendcr shall bc givcn by tirst duss mail to •
<br /> [.ender's address stated hercin or any cther adJrc+s LcnJcr designatcs by iwtirc tu Burrowcr. Any nuticr providcd for in this °.�r.�„
<br /> Security Instrument sh311 be deemeJ tc�have hcen gi�•cn to Sorrower or l,endcr whcn given as pr�wi ded in thi�paragraph. .""�'�
<br /> . 15.Governin�G Lu+s; Severubility. This Sccurity :nstrumcnt sh:dl hr govrrncd hy fcdcral law and thc I7w of thc ( "
<br /> jurisdiction in which the Property is loc�ted. In the event that any provitiiun or clausc of this Ser.urity Instrument or the Nutr I • `�
<br /> , , conflicts with applicable law. such conflict shull not affcrt othcr provisions of this Scrurity Instrununt ur thc Nutc whinc �an hc
<br /> given effect without the conflicting provision. Tu thiti enJ the provisiuns a(this Sccurity Inrtrument.ind the Nute are Jrrlared i � �ti� „
<br /> . to be severable. �'s '- t:
<br /> I �. ,,
<br /> 16.Borro�ser's Capy. Bo�rower shall be givcn one cunformcd cupy uf the Nutc and uf this Scruriry Instrument. � �! •
<br />_ • 17.Transfer of the Propert`•or a Renr�ciul Interest in Horrower. If all or uny pan uf�hc Pn�perty ur uny intcrest in it I ', �, � I+�
<br /> is sold or transferced(c�r if a benetiriul interest in Borrowcr is ,oW i�r tran�f�rreJ,uid Burrc�wcr i� not a natural prrtiun)withuut �- �,,,t)
<br /> L.endcr's prior written con+em, l,endcr may. at its optiun. reyuir� immediatc payiucnt in 1'ull ul ull sums ticrurcd by thi� ��"' • i i
<br /> � . Sccuriry Instrument. However,ihis option shall noi be rxerrised by Lender it'cxcrcitic iti prohibitcd hy fcderal I.uv ati ul the date � •�'
<br /> uf tliis Sccuriry Instrumcnt. �;� ,
<br /> ' 1f I.ender excrcisrs Ihis option, Lcndcr shull gi��c Borrawcr noticc of accclrratiun. Thc noticr tihall pruvide a periuJ ul'not ; '"'I
<br /> I Icss than 3U days froin �hc datc thc noticc is dclivrrcd or mailcd within whirh Burrowcr must �ay all xum� scrurcJ hy this �
<br /> �, I Security Ins[rumcnt. If Borrower f:iils tu pay thcsc sums priur to thc rxpiration oF this peric�d, L.�n�1cr tnay invokc.my rcmcdicr x `
<br /> • ' permitted by this Securiry Instrument without further notice or demand un Dorrower. I
<br /> 1S. Borrmret''+ Rl�ht tn Rcinstnte. il' Bnrri�wrr mcctti c�rtain runditiun,. Bi�rrrn�•rr ,h;dl ha�r Ihe right ti� h:n•r '` �
<br /> enti�rcement ul thia 5ccurity Intitrwnent diuontinucd at :iny tinu priur tu ihr rarlicr nf: I.0 S dci}•s (nr tiuch uthrr pertc,J ci. �,
<br /> ' :ipplic:tblc law may sprtity tur reintitatrnunt) hcliire s:dc of Ihc Pruperty purtivant t�� ;iny rawrr ul tialr runtaincd in thi. ,
<br /> Security[nxtrumcnt ur (b) entry ��f a judgmcnt cnfnrcing thi,Scrurita In�trumcnt.Th��u ronditiuns are Ihat B��rrrn�•rr:1a)payti •
<br /> Lcnder all tiums which then �+•uuld br duc un�fer this Scrurit}• Intitrument and thc N��te a, il no arrcl�rati�m haJ ocrurrrJ; �h� �
<br /> rures any dcf.iult uf any othcr cc�vcnancs ur agrccnunts: (c) p.ryti all ex�xnsc, incurrcJ in cnti�rci ng thi. Scrurit}• In,trununt. �
<br /> including. but not limit�d to. rca�unablc utwmcys' fcc,: cmd (dl takcti surh artiun ati Lrndrr may rca,onably r�yuirc tu :i..urr .
<br /> . that thc licn of this Scruriry In}�rumrnt. Lcndcr's rights in the Yruperty cmd Borruw�r'� uhli�:atiun in pay thc �umti ,rcurc�l t,� , .I
<br /> this Securiry Inst►vmern tihall cuntinue unrhang�d. Upun rcinstatement hy 13urruwrr, thiti ticcurit�• In.trwnent anJ the � '
<br />_ _ —_= uoiigacions sccurcti ncr�by >n:ui rematn tulty rttcct��•�as if nu acrcicration had urrurred. Ho�vcv�r. ihis ri�ht to rcin�talr.hall ^l`r'
<br /> � not apply in thc rasc of arrcicratiun undcr paragraph 17.
<br /> l9. Sale of Not�: Chun�r of I.uan tier�•icer. The Nutc ur a partial intrre�t in thr N��tc tt��gcther with thi. ti�rurit}•
<br /> Instrumcnt)may hr,ul�i nnc ur nwre timcs without prior natirr tu Burniwr��. A>alr ma}• rc�ult in u changr in thr cntity �kn�i��-n
<br /> . as thc "Li�an Srrviccr') th:u rollrct+monthly paymcnts duc undrr the N��tc and thiti ticcurity In.tntmcnt.l'hrrc al,o nea}•hr unr
<br />-' or mi�rc chsn�rs uf thc Loan Scrviccr unrelalcd to a ,:dc ul thr Nutr. II thcrr i�a rhanl:�uf thr l.uan 5rreirrr. Burro��•rr«ill hr I
<br /> •� .. givcn�arittrn nulicc ul Yhc rliungr in,irrurJanrc«•ith paragraph 1 a abuvc and applir.ihlc I:nv.Thc nutirr��•i I I .t:ur thr namr an� '
<br /> " uddrCSti uf Ihc ncw Ltu�nSCr��irCr and lhc addnsti tu�ahlth p:tymcnts~hould hc nlade. Thc nutirr ��ill al,u ri�ntain am' uthrr �
<br /> . ' inli�miatiun rcyuin;d hy applirahle law. '
<br /> �, 20. Hil'L11P(I011S tilllltifll�iClti. N��rra��•rr tihall nut rau,e ��r prrTnii thr prc�enrc, u.r, di.p�,ti;il. �i�,r:i�.c. ��r rrlra.r ul any .
<br /> Hu.�arduus Sub.t;uicrti un ur in thc Praperty. Borru��•rr tihall n�n du. n��r allu�a an}�unc cl�r t�� Ju. :invihin� allirun�; thr
<br /> j Property that i� in viul:uiun uf any Eneirunntrntal l.a��•. 'Chr prrrcding t��u .rntcncr,,hall nut appl� tu tlir prc,rnrr. ux. ur • I
<br /> .i p_' stor,i�c on thc Pn,perty ol' small yu;tntitir. ut' H.�arduu� Subsianrc. thut circ grncr;tlly rrrugnii�d tu hr:y�prupriatr n, nun:r.il �
<br /> � , rctiidcntial u.r�and to niamtenanrr uf thr F'rnpert}•. �
<br /> I
<br /> �
<br /> ' '�^�"'^" Form 3028 9/90 I
<br /> .. � ,L.
<br /> ., .. � �
<br /> � . . .. . -- -- -• • -
<br /> � , __� _ _-- - - '
<br />
|