|
, �.._ .., . +, ..�•,y�`.,;:,;';,: :' • , , ;;g:
<br /> • ��. '.T' ,.i" ';�,, ;'`' _ -_
<br /> :(4.. -�
<br /> � � - ' , � � .. „ - _'
<br />. � � • . . .. - ,. - , �. .. -� `.. .:�rN,„ � J > � • -
<br /> �.iir.
<br /> - . " ..H.•'#yt� " - . , �� —
<br /> , `"� .. . ' ., . . : . , � �
<br /> .. �
<br /> .—._. _ . - ---�--- .a
<br />, . .. _
<br />: .: �5..4 �.+(��.:�.'a'3 . ~ -,�.
<br /> � �
<br /> paymene�may no longer be required,at the option ot�ender,if mandnBe ins�uflnca coverng;a(In thn amount and f�r the period . '_
<br /> << that Lendu requires)Pmvided 6y an insurer appiovcd b��l.ender again becames uvculable�u�s!is ablainr.d.4Barmwer sha11 pay Uc� �,.
<br /> � � premit�ms required w maintain mortgage insurance iu effect, nr to provido a loss roscrva, until tha ren►urement for mortgage _
<br /> insurance ends in accordance with any writun agreement bem�cen$u�wer and Lender or appUcabin lnw. .
<br /> '- . � 9.Iospection. E.endtr or its ager�t may make reasonablc enMos upon and inspectiflnx af thu Pmpeity.I.ender shall give , y
<br /> �� Borrower notice et the tim�aF or prinr to an in.�pecdun specifyfi�rea�onn6la cause for thm intpxtian .
<br /> - ' 10.Condemnation. '11ie proceeds of uny award or cluim fnr dumABes,di3ect or oas►�oqucn�al,in cannecdon wlth eny
<br /> . wndemnation or other tak9ng af any part of the Property.or fer co�vayance in lir,�of ca��iemn�dmn,�ra hcreby assi�,med and _
<br /> • sttall be paid W I.ender. �� .. '
<br /> In the event of a total.taking of tbs Pro�m�,tha praceed�shall be nppGcd ro the sums�ccwod by this Security U►stmxr,ent, �.
<br /> whettier o�not dien due,with any eace�s paid tn Annro�ver.Li Ihe event of a pani�S teking of tiia Froparty in�vhich the f�ic market -
<br /> " value of the Proputy immedlauly before the tttiktn� i�equul to or Sreatcr t�an th�amount af thn sums�.^r��:d by this Security .
<br /> , Instrument uranediately beforo U►e taking, ualess Borcower and Lender otherwise agrae in wriHng, the su;�s secured by ihis +���';_."-
<br /> �� � � gecuriry Instaum�,nt shzill Es mrlur�d Ug tho amonnt af tho pmeeeits multiplied by the fallo��znp; fracd�n:(fl)the wtal cunaunt of
<br /> � , the sums secum,si immedletclY t�fom�hp t�nA�d�vided by (b) the fair morket value of thc Fmperty immediately beiore[he � . ��.,�+-�^r.��
<br />::,� „ taking.pny balance sttnll be paid to Butrmvr,r.bi tho ovent of a putisl taluttg of tt�e Propaty in which tha fair market valu�of thG ,;.�,Y;;- `�=
<br />.� propeity i.mmediately befora the takin� is 1� dittn d�a amaunt of the suens secured immcdiAtcly bafo� tha taking, u1►�ess _
<br /> • Borrowu and I.ender otherwise agre�in wridng ar unloss applicable law otheiwise providas,tha pmceeAs s3iall be applied to thc ..�:t,�r;:.,�},,-
<br /> sums securcd by this Socuriry Instrument whether ar not tha sums�ce thcn dua ' "
<br /> ' If tha property is abandoned 6y Burruwer.or if,after nopco by Lender to Baarower thAt ttta condemnor offers to malca un ,� �',�.���:�
<br /> award or setEle a claim for damages.Horrower fails W respond to I.ender within 30 days aftt:t thn datn tha nollce is given,Lend�r :.;�;::��
<br /> is uuthorizecl to coUect and atsply the prnceeds.�t ito nprion.either to restorarion or rep:�ir af thu Frop°lty or to the sums secured .•t; ,;,'•;
<br /> by this Securiry Instrument,wheth�.*or nat then duo.
<br /> licadan of rocczds to rin�i al s1►all nnt eatend or postpone • •��
<br /> . Unless I.ender and Bonawer othc,rvir�e ugrce in writin�.anY ePP P A i� .
<br />' • . _ sh;,�L�d�e�f st�m�n+_h�y�Aymex�t.r,mfuTred to in pamgrnnhe I and 2 or changc the amount of such}aaymcaits. :�
<br /> � 11.Borrower Nat Re�ti I�or��r�anae Dy Lender Nnt a Waiver. Extension of tt�a timo f�r pay m e n t o r m o d i t i c a ri o n � -` �r,
<br />_;�;; of amoiti7ation of tha sumc s..�*cur�sd by thi�Suciuiry Instrument granted by Len�Vr to any���cossor in intescst of Bocrower shnll ;
<br /> not operato to relraso ihe ltubiliry of d�$oripnal B�r�mwer or Borrower's succcssors in inieras�I.cnder�#iall not be requirtd to ` :i
<br /> commence proceedinSs egainst any succ�ssor in int�srest or rafuse W extend time for payment or athrrwisa modifY amocti7ation of ,
<br /> � the sums socuced by this So:uriry Instrument by ma�n of any demand mnde by the ori�int�l IIasrowea or BomoHCr's scccessnrs . �
<br /> � in interos�My forbeaca.nce by Lendta in exatcisin�nny riaht or remedy shall not be a wair�cr of or preclude the eaercise of eny , • � �
<br /> dght or remedy. „ �,• � ;
<br />� , lx.Successors and Assigns Boundc Joint And 9averal Liabillty; Co-signers. The covanants and t�reements of this `,•�.
<br /> • gecarlty Insuument shall bind ansl bene.fit tho successors and assigns of L,ender nnd Balro�ver,subject to the provLstons of , '`�<<�
<br /> � h 17. Horrower's coven�w and agreements shall be joint and several. Any Borrower who co-signa Ihis Security I •, .
<br /> , par�grap ` �
<br /> Insmiment but does aot axecuu► U►a Piptu: (a) is co-si�ning tlii�Security Inswment only to mong�a, grnnt and wnvey Ihat „ , ��
<br /> . gorrowor's interest in th$Pmperty undc7 tha ttums af thie.Security insmsmcnt;(b)is nol p�sonaUy obligeted to pay the sums � ,;,
<br /> ' secured by this Sccuriry Instrumaat;and(s)agrees thnt Lendcr and any other Borrowxr may�roo to axtend.modify,forbear or :i�'.
<br /> make any accammoda3ions with regacd w the tamie of this Security Instnunent or thu Noto without that}lomower's consen� E � „
<br /> 13,E.oyw Ctur�es. If tho loan sacured Uy this Securiry Ir��t�ment is sub�ject to a larv wt►ich sete maximum(oan charges, i.
<br />' ' • end that 1aw ls finally intecpreu�sc�ttu�t the intemst ar ather lo�charges collected or to be collvctod in connecaon with the loa.� (
<br /> • �; � eacced the�uaed limits,then. (a)anY such loan churrte shall be reduced by the nmount nncessary to reduce the charge W the �
<br /> , .t, permiucd limit;and(b)anY sums x�dy collected from Borrower which nacceded permittcd llmita wiU t►e refundod to Borrower. � ��
<br />- ��= Leader may choose to make t�i£ miluid by reducing the pdncipal o�ved under thes No1fl or by msilcing a direct payment to i
<br /> � aosower. If a refund reduces princip�l,ihe reducdon wilf be 2reated as a partial PrePaym:�nt wl►hout any prepayment chac�c
<br /> i : ' undu the Notc. �
<br /> 14.Notices. An�nadce co Borrower prUVided for in thls Security Instrument shall be Eiven by delivering it or by mu�ilin�it ;
<br /> �. by first cless mail unless appllcabla law requiras use of enother method.The notiw shall bo dirocted to the Praperty Address or :
<br />�, eny othei address Borrower designates by noticcs to Londar. Any notice to Lender shall t�given by Grst cless mail to Lender's
<br /> - �� addcess stated herein or any ather address I.ender dessignates by notice to Borrower. Any noiice pmvided for in this Sec;urity �
<br /> — Instrument shall be deemed to have bcen given to}3arro�ver or Lender when given as provi�iad in this ptungruPh• -
<br />��"' IS.Goveraing Low;Severability. 'Ihis Securiry Instcument shall be govemed by federal Inw and i!►e 1�w of the
<br />•� juris�icdon in which the Property is located. In the event that any provision or clausu o$this Sacuriry Instn�ment or Ih�Note
<br /> � conflicta with applicable law.such conflict slnill not ai'fect other provisions o5 this Securiry Ins�rwnant or the Note which can be
<br />= given eflfect wittrout the conflicting provision.To this end the prs►visions of this Security Instruentnt and the Note are d�clared to
<br /> ' ba scv�xabfe. ,
<br /> Fo�m 9028 9/90
<br />—- � Pan�!ot 0 Initlal�:
<br /> �_-.__ _ _.-----�--..� . �-vajncjt�s:q - . ...
<br /> y
<br /> .,
<br /> -.... . ' � . ... ._..._.. . ... . . � . .. .__... .. ..... .......... . . .,. .
<br /> � . ..._._. _ . ' .
<br /> � 1
<br /> I '
<br /> �t .
<br /> � •
<br /> I Sk �
<br /> _
<br /> � �.
<br />
|