|
_ �'
<br /> .. . ' - :;L`.
<br /> . „ � - -... -_-
<br /> < -
<br /> ♦ ,
<br /> �1 /� • .�
<br /> - . . . . . � . . ��'�� . .� ..
<br /> � ' • . �. ' �.�i'�/!y� - ' . '"� .
<br /> . . . � ., � .� � r� ���_
<br /> - � . ' '��� . _-
<br /> . .. � �i�''.
<br />'_ ...-. ."'_-_"__'...,.... ...... . . .- _' .. . ..�....._-... . .. . . .. . .
<br />', __.,....._._........:..__�'"_......., .. . ' „
<br /> . • , 0�3 U`1 a"n'�''��'� i . ,
<br /> . ut the option ot Lcndcr, iP mart�o�e in�ur�ncr. coverega (in thv ernount nnd for�the period thet I.cndcr requires) I •� ''__
<br /> � ; provided by an inaurer appraved by I,ender egain becar�nes nvail�bl�ond ie obtained.Iiorrower ehnll pay thc premiume
<br /> required to maintain mortgege ineurance in ettect,or to provide s lo� rescrve, until tho requirement tor mortgage ,. . _
<br /> insurance enda in accordance with any written ogreement between I3urrower and I,ender c�r applicuble Inw. �
<br /> , =��--� 9, inepection.Lender or its agent may mdke reasuneble entries upon and inspectione o[tha Property.l,ender shell ��
<br /> ' ''� give Aurrower notice nt the timo of or prior ta an insp�ection epecifying rear>onabla cnuse for tha inspection. ' �
<br /> 10.Condomnation.Tho proceecln af any nwsrd or elaim For dmm�ges, direet or cansequQntiul,in conneetion with �
<br /> ' any condemnntion or other uiking of any part oY the Property, or for conveyance in lieu o4 cUndemnution,ure hereby .� �=
<br /> „ �, assigned and ehell be paid ta I.ender. , '� ���
<br />- In the evcnt ot a total tukin�of tha Praperty, tha proceeds Aholl tsa epplied to the sume secured by this Security ��,.
<br /> �� Instrument,�vhether or not then due,�vith any excess paid to Borrower.In the event of n partial takina af the Propr.rty in '
<br /> " . which the feir market value af the Property immediutely before the tnking is eyual to or greater than t110 umount of the I „ �''.
<br /> ' sums secured by thia Security Inatrument immediately before the takin�,unless Honower and Lendet otherwise n�ree f . . �
<br /> :;•1 • � in writing,the sums secured by thie Security Instrument shaU be reduced by the amount of the proceeds multip:ied by ., , _ ,.�u_1'"�
<br /> •�'� the followin�fraction:ta) the total nmount of the sums secured immediutely i�efore th8 taking,divided by(b) the fair = �-
<br /> m market value ot the Property immediately before tlie toking.Any balance shnll ba paid to Aonower. In the event of a " "`''`"�'�
<br /> ��.,.•._.._
<br />.°� . partiel teking of the Property in which the fair market value of the Property immediately before the taking ie less thnn .��
<br /> _ ' the amount of the sums secured immediately before the taking,unless Borrower and Lender otherwise agree in writing
<br /> r.:. _ . ..
<br /> � or unless applicabic laiv otha;wise providcs, the procee3s shsll be agplied to the sume secured by thia Secunty . �+s.. �
<br /> ,�.;•�. �`s Instrument�vhether or not the suma are then due. `.1 {����� .'
<br /> :i.�:,:•.:;.;., ..
<br /> t�s.;,,s;� If the Property is abandoned by Borcower,or iP,ufter notice by I.ender to Borron•er that tlte condemnor ofPere to ',.;,,?;:7.,..��,�'
<br />_ , ,�'' make an award or settle a claim for damages, Bonozv�r f�els to respond to Lender within 30 daya after Ehe date the ' � � �.�u�-
<br /> ���:: . '
<br /> • � i. •�•.•, notice is given,L.ender is suthorized to collect and apply the praceeds,at its option,either to r�toration or repuir o4 the � ���_
<br /> 'k,; Property or to the sume secueed�y this Security Instrument,whether or not then due. �
<br /> .• �"� ' �� Unless L.ender and Borrower otherwise agree in writing,any npplication of proceeds to principal shall not extend or ' t� .J
<br /> �` �.. `
<br /> '�.,__t...:;.;___-_ post�.z:ne the due date of the rrn�onthly payments referreci to in paragrapha 1 and 2 or change the amount of such � ' :�
<br /> . ---,- paymEnts. :
<br /> ' � I 1. Horrower Not Released; Porbcarance By Lender Not e �Vaivcr. Extension of the time for payment or t�: •:
<br /> modification of amortization of the aums secured by thie Security Inatrucnent granted by I..ender to nny successor in � �,.
<br />: " interest of Borrower shnll not operate to release the liability of the original Aorrower or Horrower'e successors in
<br /> � , interest. I.ender shall not be required to commence proceedingo ngainst uny�uccessar in interest or re4use to extend • .
<br /> time for payment or otherwira madify amortization of the aume secured by this Security Inetrumcnt by rcnson of nny �
<br /> ' demand msde by the original Horratver or Aorrocver's successors in interest.Any forbearance by I.ender in exercising ,
<br />= uny right or remedy shall not be a�vaiver o4 or preclude the exercise ot any right�r remedy. � °
<br /> 12. Successors and assigns Bound;Joint and Several Liability;Co-signers. "I'he covenanas and a�rcements i � �
<br /> ' � of thie Sec;urit Instrument shall bind and benefit the successore nnd nssi�ns of [,ender and Horrower, subject to the � '•• '
<br /> provisian�of paragraph 17.Aorrower's cavenanu►and agreomente shall be joint and several.Any I�orrower who ca-eigne i ; •:r
<br /> �. this Security Instrument but dnes not executc the Note: (n) is co-signing this Security instrument only to mortgage, .*l X . ��
<br /> grant and convey that Borcocver's interest in the Property under the terma of this Security Instrumont; (b) is not I :�. .- ;,• .-,,,�
<br /> personally obligated tu pay the sums s�cured by thie Security InRtrument; end (c) agrees that I.ender and any other I ��.-' ....;,� -
<br />� .. Bonower may agree to extend,modify,forbear or make any nccommodations cvith regard t�the terms of this Security ... _ 1=:
<br /> ' Instrument or the Note without that Horrower's consent. ��
<br /> ; �'�
<br /> . . l3. Loan Charg�s. If the loan secured by this Secur:�ty Inetrument is subject to a Iaw which scts maximum loan � „
<br /> charges, and that law is finally interpreted so that the interest or othet loan charges collected or to be wllecte.d in � �;_
<br /> �' connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br /> necessary to reduce the charga to the permitted limit; and (b) any sums already collected from Borrower �vhich j �� �=��
<br />= " �,'7 exceeded permitted limits wiil be refunded to Borrower. Lender may choose to make this refund by reducing the � -.
<br /> , principal owed under the Note or by moking a direc:t payment to Borrower. It n refund reduces principal,the reduction � , o`
<br />_ .� will be treated as a partinl prepayment without any prepayment charge under the Note. i
<br />- � " 14. Notices.Any notice to Borrower providecl for in this Security Instrument shall be given by delivering it or by ' r
<br /> • � mailing it by tirst class mail unless applicable la�v requires use o�another method.The notice shall be directed to the i h'
<br />- � Property Address or any other nddress Bonower designates by notice to Lender.Any notice to I,ender shall be�iven by .
<br /> first class m�il to Lender's address stnted herein or any other address Lender designates by notice tn Borrower. Any
<br /> notice provided for in thia Security Instrument shall bo deemed to have been given to Bonower or Lender when given
<br />_ . as provided in thie paragraph. ,
<br />---- 15. Governing Law;Severability.This Security Instrument shnll be govemed by federal law and the lacv of the
<br /> jurisdiction in which the Property is loutted. In the event that any provision or cla�ue of thie Security Instrument or the
<br /> r Noto conflicts�vith applicable law,such conflict shall not nffect other provisions of this Sec;urity Instrument or the Note
<br />— which can Ue given effect�vithout the conflicting provision.'I'o this end the provisions of this Security Instrument nnd
<br /> the Note are declared ta be severable.
<br /> :y .
<br /> � - --=!�! �--- en�w einn
<br /> ---_-- - -- ...u. .ru.. ..... � • � � -
<br /> i �-8R(NEIro���� a.o.�>r o
<br /> - Initlals:
<br /> i.
<br /> :� � --' -"---� . ,
<br /> -- - �'- ' � --. .. . ,,..,... ..�...v � . - .. _. ._..... ..� . .
<br />.�� � . ''l� '
<br />.�'Y . .... � � .. ..
<br /> ��• . � � . �. .
<br /> � ` ' i
<br /> � ,
<br /> yF
<br /> � �
<br />
|