|
„ . . ,:a��,�. '';;-�i,--..: . . . .. ;:�,; ' ' ,
<br /> ..,- . „ a_
<br /> . . ..
<br /> .,-: � � .•.�. � , � ,,.�,
<br /> _ ... ,. - t .w_ . , . �. . -
<br /> - . ... . �ar..yt � � :���n,. ... ii . .�H, `."!1''[:i%:'r4J:::x+1Vr.tn.. _.. � .. `�"^?/1�ra.5►1�•�
<br /> '. '.'�^' ..i� _ ,..yr
<br />�` ._ �� , . ilY�OYM�O�I�YIWYr;�.��r.�'���.s:'��'�s.•_:.__......"'.s..__.:..-..__.,.��. •. _...'_'""' ' "__'��____. . ....... .. . . .. .. .... . . ._. ... . ..
<br /> � �� � ��� -=
<br /> : . ; 9 5� �.�a.'�.�34 , . �_
<br /> ' 6orrower rzey cure euch n deteult and relnatato, o� providcd In pnraBraph 10, by cnus!np liio r.ction or pracccd!np to do � ,�-
<br /> • , ui9r��l9o0�v�ith n rwinp 1hcL In Lcndcr'a pood falt4�dcierc�ilnotlon, prcclud�a fo�I�'turo 01 sho f7or�m•�ci n Inicraat In IP�o Pro��crSy or I
<br /> oiher rneterid Imooirment o1 tha Il�n created by ihls Sacurliy InstNmeN a►Lentla'e eccudty Interest. �arov�er ohnll nls��b�l�i _
<br /> - dM�uh M Borrow�r, durinp the lo�n oppilcatlon proceee,pava rtNterkNy I�be or Inaccurwte I�tormNUon or elatemante to Lendn► (or I __
<br /> ` 1�Med to provWa Lsnde►wfth �ny m�terNl Iniormtllon) In conneclion with Ihs lo�n evid�nc�d by the Nut�, Includin�, but not � ,�, _
<br /> � Nmltrd tu, repr�aentrtlona conceminp BortowK'e occupancy ol the Property ae a p�lnclp�l re�ldence. It thle 9ecuiily I �: �',_
<br /> • Instrummt Is on ■ INa�hold, 8ortowx sh�q compy with �H Ihs provl�b�e of th� leaee. I�Bortow�►acqulraa tee tltte to Iho
<br /> Property,lhe leasehold and the tee tflla eh�ll not me�Qn unleae Leeider �yroe�la the m�rper In wrrilnp. I �'�
<br /> . 7. Pr�t�ction M L�ndw'�Nipht�In th� P�eep�rty.If 8orrowa h►ta to p�rtortn the coven�ntn and ryreernente � �•
<br /> � contalnad fn thle Securfry Instrumenl, or than Ie e leprl procexfinp th�t rcry elgnlllcanty �ttect L�nde'e �Iphte In th� PropKiy � ,�' °`
<br /> �:.
<br /> (euch�e� proceedinq in benlwptcy,prab�te,for condemnstlon �r toM�turo or to c�itorcm lawe or regulatlona), lhan Lender mey I '
<br />'. do�nd p�y}or wh�tever Is naceaarry to protect the value o1 the Roperly► and i.ender'e dphta In the PropeRy. Lendx'a actlone � ? °
<br /> _ msy Include payin4 eny aums sxured by s Ilen whlch has prlodry ove► this Security Uetrument, �ppeadng In couA, p�ylnp � ,_ -
<br /> . reaaonabls attomeya'faes and enterHig on !he Propertyr to make repalre.Alth�ugh Lender may t�ke actlon undor thia pmgnph ; -
<br /> 7,Lmder doea no1 have to do so. � _
<br /> My amounts disburoed by Lender under pangnph 7 ahall beaame addftional debl oi Bortower eecured by ihls Sxurity � .
<br /> InsUument. Unleaa Botrower a�d Lender u�ee to other temia of pnymmt,these emounte shaN be�r Interest from ihe d�te of ,�,
<br /> ” disbursoment at the Note rnte and sh�B be paya6le,with Interest, upon notice from I.ender to 8otrawa requoatlnp p�yment. ;;
<br /> 8. Mortgag� Insuranca. It Lender required mortgaga lnsuranca es e condftlan o1 making the loan eecured by thl9 i%
<br /> Security Instrument,Bonower shnll pay the premlums required to malntaln the mortgage insuranca in oNect. I},for any reason, the ��' ;'
<br /> " ' mortgnga Insunnce eovernge requfred by Lender lapses or ceases to be In ettect, Borrower shaU pey the premluma requked to �S� �,;
<br />' ' obtaki coverage substenUally equlvalent to the moRgage Insurence prevlousy fn ettect, et e coat subatasitkly equiv�lent to the } •
<br /> .�,j�_-'-�-=3
<br /> ,,'� ° cost to 8artnuer of tho mort�gs (nsu�cnce preuiausly fn effecl, trom en aHe�mete mortyw�e Inxu� upproued 6y Lender. If � :�.� . .�•_ _
<br /> � subst¢nUaky equ[valent mortgage insurance covetage Is not avetlable, Borrower shall pay to Lender each month s oum equal to -•;�+�w,.w.;�-
<br /> ° onctv4eHth oi the yestty mortgage tnaurance prcmium hefng pald by Borrower when tho inssunnce coverege lapsed or ceesed to •'"�""'-
<br /> °" tae tn et4ect Lender wiY accapt, use and retein theso payments as e loss reserve in Neu ot moRgnge Insumnce. Loaa reserve �:��^���'�
<br /> ,� . '
<br /> __ payments may no longer be requked,at lhe optien oi Lender,If mortgnge Insurance coverage(in the�mount end for the perfod ���,:}:
<br /> "` .. that Lender requires) provlded by an Insurer approved by Lender egaln becomes 6veNeble end Is obte(ned. Borrower shaN pay �' ������._
<br /> .•,�, .`•:,;, the premlumc requlred to maintein mortgcge insurence In eitect, or to provlde a loss rese�-ve,unUl the requlranent 1or mortgnge �. �� i1•,��,,._�+-
<br /> �. insurance e�ids tn accordance�vfth any written agreement between Borrower end Lender or spplicable law. 5Y ' ��_�--
<br /> ' 9. Insp�Ctlon. Lender or ita ngent may meke reesonabie entdes upon snd inapecttone of the Property. Lender shall pive �." .�,:.��r�
<br /> Borrower noUce at the time of or prior to en inspeclion specitying reasonable cause inr the Inspectlon. ��� �`����
<br /> � � �`� 10. CondemttattOn.The proceeds of any award or claim tor damages, dircet or consequenUat, In connection wkh any :'(�';: ��_
<br /> � � condanneUon or other taking of any part of the Properly, or for conveyance In Ileu of condemnatlon, nre hereby nssigned end '�� �'
<br /> � _ , shall be paid to Lender. �}:' • ��t
<br /> � � In tne event ot a totai teidng oi tne rroperiy, ina procacds anaii ua eypi�o.i iv i��o au�s s6wi"•si ��t :ltt� r.,:as:f; �;�'' �'
<br /> �� • l Instrument, whether or not t?�en due,wfth any excess patd to Borrower. In the event oi e partiat takk►g of the ProFerty In whlch ��` "��I�
<br /> , , . . � �r,. :
<br /> ihe fak market value ot the P�operty immediately betore the taktng Is equal to or greater thsn the amount of the sums secured ,�; .,�� '�
<br /> ��;,. . , �.
<br /> , � by this Secu►fly InsUument immediately betore the teking, unless Borrowa� and Lendcr otherwise agree in writing, the suma �' �,�;•
<br /> „ � � secured by thls Securfty Instrument shaU bs rcduced by the amount o1 the proceeds mukiplied by the foHowing fraction: (a) the ri: -;�
<br /> totsl emount ot the aums se+cured tmmodiatoly betoro the taking, divided by(b) the fak martcet value ot the Property knmedlatety �i'�t
<br /> � betoro the 4aiting.My belence shaN be peld to Bortower.In the avent of e partkl teking of the Propesrty In whlch the fak market :�.:�:;
<br /> value o}the Ptaperty Immedlately before the taking Is lesa than the amount oi lhe suma secured Immedlately belore the taWng, . ;`��
<br /> - unless BoROwc� and Lender otherNrlse ngtee in wrfting or unless appqcable Inw othawise provldea, tho proceeds shall be • �
<br /> appped to the sums aecur@d by tMs Security Instrument whether or not lho euma aro then due. y, �i�,��'
<br /> It tho Property is abandoned by Bortower, or if, after noUce by Lender to Borrower that the condemnor oNere to make an �p •
<br /> ` award or setlle a ctaim for damages, Borrower teils to respond to Lender within 30 dayn etter the date the noUce la gtven, a���
<br /> .•� � LMdK IS authorized to collect and epply the proceeds, at ks optlon, either to restoretion or repeir ot the Property or to the . �i-''��- -`
<br /> sums eecured by this Securlry Instrument,whether or not then due. ; . . r �
<br /> :' Unlesa Lenaler and Borrower o:heiwl�e agree ia writing, eny appNcQUon ot proceeda to pdncipal ahaA not oxtend or ;� "� „�,���y�..Yi��-��
<br /> � •�• postpone the due date of the monthy pAyments referred to In paragraphs t und 2 or chanc�e the amount of such payments. '" �' . ...�.�."
<br /> - 11. Ronow�r Nat Released; Farbearance �y Lvndar Na�t a Watver. F�ctcnsion ot tho tlmo tor payment or _}'y4'`�'
<br /> modiflcatlon oS amoNzation of the sums secured by thls Security Instrvment granted by Lender to any successor in Mterest o} �;�'i,. .}�
<br /> , Borrower shaA nol opemte to release the Ilability► of the odginal 9ortower or Bortower's successors In Intereat. Lender shell not r::' .' �'� �
<br /> •�'• be requked to conunence proceedings egalnst eny successor in Interast or refuse to oxtend Ume 1or payment or otherwlsa i�'" .T`.� _..,
<br />_ � �$ modffy amortlzaUon of the sums secured by thls 3ecuriry Instrumcnt by rcason of any demand mada by the ortginal Boirawer or r � '`�•"���'
<br /> � � Borrower's successore in interest. Any torbearance by Lender in tvcxrctsing any dght or remedyr shell not be a waive► ot or � ��°�,
<br /> •; prectude the exercise oi any dght or remedy. ,
<br />- 12. Succassors and Assigna Boumd; Joint and Seve►ml UabHity; Co-signero. Tho covenants nnd �.
<br /> - agreements of this Secu�iq/Instrument shall bind and ben�.fit the successors and assigns of Lender nnd Borcower,subJect to the '' .
<br />_ � provisions o}paregraph 17. Borrower's covenants and agreemente sheH b3 Jolnt and oaveral. My Borrower who co•slpns lhls
<br /> Secudty InsWment bu2 does not execuie the Note: (a)is co•signing this Securiiy Instrument only to mortgago, grant and convoy • •
<br /> - . that Borrower's fnterest in the Propertyr under the terma of this Security InsVument; (b) Is not personaAy ohligeted to pay the
<br /> f ' sums secured by this Securib/instrum�nk and(c) a�rees that Lender end eny other Borrower may egrea to extend, modity.
<br /> � . torbeer or meke any accommodaUons wilh regard to the tertns of this Securin� instrument or tha Nofo without that Bortower's
<br />� � " consent. I ' .
<br /> —" � 13. L08t! Chel�gg9. ff the loan secured by this 3ecudry InsWment is sub�ect to n law which sMo maxlmum lonn
<br />� charges, and that taw is F�ally Interpreted so that the Interest or other Ic�an cherges collected or to be collected in cannection
<br /> _ � wkh the loan excaed the permritod limits,then: (a) any such loan cherge shall be reduced by the amount necessary to reduco !
<br />� � tha charge 4o tha permltted INnft; and(b) any sums akesdy colected irom Bormwer which exceeded pertnitted limits wfll bo
<br /> reNnded to Botrower. lender msy choose to Reake this retund by reducing the prkicJpal owed under tho Noto or by making a ,
<br /> dkect payment to Borrower. It a refund reduces prk�cipai, the reducUon wNi 6e treated as e partial prcpeyment without any
<br /> _, � prepayment charge under the Note. �
<br /> ___,.�i__ 14. No4lcos.My noUee to Borrower provided tor in thls SecutSty Inatrummt shdl be gNen by delivering It or by mailing It '
<br /> ,,_ _��� � - ---- �
<br /> = by firot clasa mail unless appOcable law re�kes uae oi snother method. The notice ehaU be direetod to tho Property Addresa �
<br /> or any other address Borrower designates by notice to Lender. My noUce to Lender ahall bo given by frot cta�a maH to
<br /> '¢ Lenders addrcss stated herein or eny other addres� Lender dealgnatas by noUce tA Borrower. My notice providod for In thfs
<br /> z� � -- Security InsUummt sha11 be deemed to have been given ta Bnrrower or Lender whMi gNen eo provlded In thlo paragmph.
<br /> _ � 15. Govarning �.aw; 5sverabllity. 7nis secumy inswrnmt shell be povemed by (ederei lew and tho law o1 tho
<br /> �, �. (urlsdictlon in whfch tAa Property Is locab;d. In the event that eny Fvovision or clauae of this Securiry Instrument or ihe Note
<br /> =� „ conllicts with eppUcable law, such contlict shaA not eftect other provisfon3 01 this Securiry Inatrumes�t or the Noto whlch can be
<br /> �� gNen eifact v�fthout lhe conflicting provlslun.To this end tho provislot►s of this Secu�ity Instrument end tho�loto ero declared to
<br /> ', be 3everxble.
<br /> ._„ 16. Borrowor's ICopy.Borrowcr shall ba given one contortned�opy of tha Noto �nd of thl�9ecurity Inatrumont.
<br /> � ., ..,, F171G.1M0(10144) PagC 3 0l S /,,���
<br />� �
<br /> � ��
<br /> 94110
<br />
|