|
r—�'�++.ow. ,. . .. . . . _ . _ . ..
<br /> .. . � --..=-� .�. , ,� . • � ., . ,,..,��s rii'eL� 4 -- --�r. ._.
<br /> . � . - , . •.��`�'C..�_..-.i;�:t��].n._r�wr.l��-
<br /> - , .. . � . . .. . - . .. _' _-._ _ .
<br /> � ,4'..� . i' . • � -�?^ . __ _ —.
<br /> : n '���
<br /> iFn . . .• v�i... a�� -. . S3".. s_.
<br /> � . . r�'.._�•� . ny k6.iv� �w�W.P.e .._ u..,..-_ _ _•�
<br /> f r..�=-�:�� ----.__ ._ ---�. ._.__ _ .--_ ____..__�. _ _9 _-i(1�'�� -- ---T _ v.. _ .
<br /> �_ �. � ��.�
<br /> � • • one-rivel[th a�th�ycnrly mort�age insurancc prcnaiurn being paid by�orruwcr when tlic in9urnncc cavcris�c lups�;d or ceascd to .�::_ .
<br /> � bo ii�effect. l.cnder wiq accc�t�usc and retain these payments as a lois reserve in fleu of mort�;a�e insur�incc. I.flss reserve ��� � -
<br /> pay�nt�niay no lon�er b�rec u�rad,at the aption of L.endcr,i�mortE,aBe infiurc�nce coveraQc(m the umount aizd faY dia period ° _
<br /> ° i l�:;l.cnct cr rcquirua) itrovidc�U y u��1►�suvcr��p peuved�y l.c�tdcr on,atn h;;cs�nins nv,�ilnhlc nnd is nhtaincd, florrmvcr shtdl p�y
<br /> .. _ ' �l►c prc�uiu�ns rcyuircc�to�ii�intasn a�ottr;aac if�suruncc m c f fr.ct,or iu�uovic lc a In,s rescrvc,un ti l l iic rc�uircmcn t fnr mor tna,;c - - .. _
<br /> � insurance ettds in aaccordance with i�ny wriiten agreemcnt bet�vice�i Ucrerowee un�l I,endcr�r.�p�licubIc i�nv,
<br /> , , 9. Inypec4iop. I;cnder or its ugcnt may mukc reasonable entriev upon i�nd ins cctions o the Property. Le:ndce shall givc . __.
<br />- � �• - • - Barrawer notica ut the time af or prior to nn inspection specifyins rGCesonablc causc�or the inspcction. ,
<br /> ���� • '� 10. Condrm�atlan. The pruceeds uf uny award or clalm for damuges, direct nr conscyuentiut,in connection witl�i�ny . :
<br />:-_{,. , . �,, , amdLmi�ntio�i or othcr takii�g of uny purt of ths Property� or fer canvcyanc�in licu��f eandcmncUiim, urc horeby assigncd und
<br />__._� `a�'�=�,��t Fhull bo n;ud to lendcr. � .,
<br /> In thc cvent of n totul takina,of thc Proporty, thc�praccc�is Fh;dl bc iipplicd ta thc sttms sccurcd by this Sccurfty '"'` ;,�``��'-
<br /> (nrtrui�:cut,wi�cther oe not then due���ntli any cxcess paid to l�orr�we�r. In the evertt of�i partitil Uikin;;of the k'roperty in which � , -
<br />_��,�•"°`:�����: thc falr murket valuc of the Property immediatclq beforc thc tnkin�is cquul to orgrcatcr thun thc amUUnt of thc�um�sccurcd ,
<br /> ' � " by this Security iastruanent immcdiately before thc t�3dns,unlcss orrower and Lcudcr otherwisc agrce fn�vriUn�, thc sttms .. � `
<br /> . �."�,r.`�� Kecured by this SecQirity Iust�ument shall be reduced by the umau��t of dhe proceeds;nultiplied bp the toUowia�fractian: (sa)the � .:
<br /> .,: ,�,�,r!oTr�" rotal amount of the eun�s secured imniediately before the takin ,d�vided by(b the fau murkct vaiue of tbc Pruperty imn�cd�atety
<br />- 'r�.,}, . ,•�r��• befnre the tnking. Any balance shull be paid to Horrower. �n thc cvcnt a�a partinl taking of thc Property in which thc fair
<br /> • � market value af ihe Peoperty immediatelyl�efore the taking is less tham thc amount of the sums Sccured�mmcdiutcly before tho
<br /> .•. taking,unless Honower and Lender otherw�se agrce ia writ_ing or unle:°.apFlicahle law othcrwesc providcs,thc procceds shall�e •
<br /> applied to the sums secured by this Security insirument whefher or not t6e F��ms arc then due. ;,
<br /> „ If the Prop�r�y is abandoned by Bottower�or if,after notice by Lcnder Qo Barrawcr thut the condemnor offc�s to make
<br /> � '' an award or setde a claun for d�magcs, Hoxrowcr fails to respond to leadcr within 30 Jays after the date fhe notice is given,
<br /> �. Lender is authorized to collect and apply the proceeds at its option,eithcr to restorat�on or rcpair of the Property or to the sums ,, .
<br /> •,. !; secured by this Security Instrtunent,whethcr or not t�ien due.
<br /> :�; Unless Lendcr and Bonower otherwise agree in �vriting, any applicatian of procceds to principal shaq not extend of
<br />,,,; ost onc the due date of the monthl pdymenGs reFcrred ta uo paraqra�pds 1 aud Z or changc the amount of such payments. r
<br />_= P p 11. Borrower Not Release YFarbe$rance by Leader Not a l�Vaiver. Extcnsian of the Sune for payment or modificaGon .,__._
<br /> � ' ��, of amariization of the suras secured�y this Securicy Instruxucat granted by Lender to any successor in interest of Borrower shaA '
<br /> � • s'' not oporatc to rcicasc thc liability of the orignal Bonorrer or Horroti�vers sutcessors in interest. Lendes shall not be requited :• '""" .
<br />_:, ' to commence procee,din�s against any successor in i�nterest or refuse to extcnd time fur pay,ment or othcrwise modity amordzadon
<br />•- • of We sums secured by this Security Iastruraent by,reason of any demand made Ly the orignal Bonower or Bonower's successors
<br /> � in interest. Any forbearance by Leader in exercisu�g any right Qr remedy shall not be a waiver of or preclude the exercise af any _.
<br /> . righ!or remedy. �� ` °
<br /> ... � 12. Succesaora and Assi s Bouad•Joint and Several l.iabiltty^ Ca9l�ners. The covenants and agreemenGs of t6is ,;
<br /> - . ...
<br /> _ �______.� Security instrument shall bind aa benefit c�e successors and ass�gns ot' Lender and SoiTawer, sub�ect to the provisions of �`� ____�,__�
<br /> -'""�-"� ,..�, �� paragrapa 1�. tsonower's covena�its anU a eemencs snaii oe joLnt aad severai. aay nurruwci wuu w-signs thts �ecuriry - -- - -
<br /> Instrument but does not execute the Note: �) is co-si ing this Security xnstrument ouly to mort�gabe grant and convey that '��
<br /> • 4'� Bonower's iaterest in the Property under the terms of�s Security Iastnuuent; (b)is not personally ob�i�ated to pay thc sams ���'
<br /> � �� '�� secured by this Securi�y mstrumen�;and(c)agrees thai Lender aad any other Borrowcr may a�,rce to extend,modiiy,forbear or , •�w! �.
<br /> � � make any accommoda6ans with regard to the terms of this Security Instrument or the Note w►thout that Borrower's wnseat. "�.. �`—
<br /> • ., : 13. Loan Charges. If the ro�n securcd by this Security Instrumcnt is subject to a law whicb sets maarimum loan char�es, „ ,
<br /> and that law is finally interpreted su that tae inter�st or other loan charges collected or to be coAected in connection with the loan � ja
<br /> .• exceed the Fermitt�d limitst then: (a) uny such loan char 6�e shall be reduced by the amount necessary to reduce the charge to � •. ;,� �°
<br /> _ ihe permiiicd Iimii.;and �'o� any�u�� �i�en�,��..,ttecicd ir�m Scr.;;.�:.r ritsi;.h cxcccd�d per�iucd lunia �,�!! hc rcfuad;,�3 ta �—•—'a --
<br /> '� . Bonower. Lender way choose to make this re�und by reduan�the principal owed under the Note ar by makin�a direct payment .. . _ ',_ �;
<br /> �• . to Borrower. If a refund reduces principal,the reduction will be treated as u pxrtial prepayment without any prepayment chacge •
<br /> under the Note. � „
<br /> 14. Notices. Any natice to Bonower provided for in this Securiry Instrument shall be given by delivering it or by mailing j,�
<br /> �„ '� it by first class mail unless applicable law reqwres use of another method. The notice shall be directed to the Praperty Address
<br /> " � " or any other address Borrower desi�nnates by notice to lender. Aay notice to Lender shall be pven by first class mail to Lender's � . •-;,.,
<br /> addtess stated herein ar any othcr address Leuder designates bq aodce to Borrower. Any,notice provided for in this Security '
<br /> Instrumcnt shall be deemed tv have been gven to Bonower to l.cnder when ven as prov�ded in this paragrap h. � ` ';�..-�.s
<br /> " 1S. �overning I.aw; Severnbility. Thic Security In.gtnarnent shall �e govemed by federal Iaw and thc lav� of the ' �•
<br /> jurisdiction in wlrich the Property�s located. In the event that any�+rovision or clause of th�s Security [nstrument or the Note ` �'
<br /> conflicts with applicAble law sucfi conflict shall not affect other proyisions of this Security Instrument or the Note wluch can be :i
<br /> �ven effect without the con�licting provision. To ttiis end the prornsions oF this Security Instrument and the Note are declared
<br /> � lo bc severable. �i',
<br /> 1 Ib. Borrower's Copy. Borrower shall be�ven one conformed copy of the Note and oF this Securiry Instrument. ( • .
<br /> . l7. 'I�unsfer of the Property,or a Beneflc6a1 Interest in Borrower. If all or any part of the Property or any intcrest in I • .;��-
<br /> " it is sold or transferrea(or if a benefi«al interest in Borrowcr is sold or transfened and Boreower is not a natural person)without 1 � �� ' ,
<br /> ', .�, I.ender's prior written consen Lender may,at its option,rEquue immediate payment in full of all sums secured by this Secutity � '" '
<br /> lnstrument. However,this op�ioa shall not be exercised by Lender if exercise is prohibited by federal law as of t6e date of this
<br /> _ �'� Security Justrument. I •� '
<br /> If Lender exerases this option,Lender shall give Borrower notice of acceleratioa. The notice shall provide a period of
<br /> ` �• not less t6an 30 days froni the date the natice is delivered or mailed within which Borrower must pay all sums secured by dus � '
<br /> . Security Instsument. If Bonower fails to pay these sums prior to the expiration of this period,Lendcr may invoke any remedies }
<br /> � � permitted by this Security Instrument without further notice or demand on Bonower. �,,,
<br /> ° �•�'�` 18. Borrower's Idl�t to Reinstate. If Borrower mcets certain conditions, Borrower shall havc thc righ[ to havc
<br /> - ', enforcement of this Security Instrument discontinued at any time prior to the eadier of: (a) 5 days (or suc6 other period as
<br /> ', ". applicablc law may spe:cify for reinstatement)before sale of fhe Property pursuant to any power of sale contsined in t�is Security
<br /> • Instrument;or(�) entry of a judgment cnforcing this Security Instrument. Those conditions are that Borrotivcr: (a)pays Lcnder ;
<br /> • all sums wh'sch it►en would be due under this 5ecuriry➢nstrument and the Note as if no acceleratian had occurred;,(b)cures any ;
<br /> , default of any other covenants orY preements• (c) ays all expenses incurred in enforcin�t6is Security[nstrument,tncluding,but i
<br /> not Wnited to reasonable attorne s fees; an�(��akes euch action as Lcuder may reasonably require to assure tl�at the hen of
<br /> this Security Instrument, Lender s ri ts in the Properry and Horrower's obG ahon to pay the sums secured by this Security
<br /> " Instrument shall continue unchange�Upon reinstatement by Borrower,thi��ecurity Insfrument and the obligations secured �
<br /> ' hereby shall remain fully effective us if no arceleration liad occurred. However,th�s right to reinstate shall not apply in the case
<br /> .,,� of acceleration undcr�para�ap h 17.
<br /> 19. Sa[e ot No1e; CGange of Loan Servtcer. The Note ur a partial interest in the Nutc (togceher with thu Security
<br /> Instrument)may be sold one or more times without prior notice to Horro�ver. A sale may,result in a chan�c� in the entity(known �
<br /> �� � �• as the"Loun Scrvicer")that collccts monthlq payments due undcr the Note and this Secunty Instrument. 'Chetc also maybc one
<br /> •`�'�?�' or nnore changes of the Loan Serviccr unrelaTed to a sale of the Note. I[there is a ch.•�n�e of the L.oan Servir,er,Bonower will
<br /> : �j' be given written notice of tlic change in accordance with paragraph 14 aUove and applic;ible law. The nntice will statc the name '
<br /> and address of the new Loau Servicer nnd the address to�vinicfi pay�uents shottld be made. The notice will also contain any other
<br /> ' " informution rcquired by u plicable law.
<br /> , 20. Rnat�rdous�ibstances. Bonower shall not caase or permit the presei�ce,usc,disposal storagc,or rcl�easc of any � ,
<br /> Hacardous Substances on or in thc Property. Banower sl�all ttot cio.nor ullow anyone else to do,anyt�hiug�ttfecGng thc Property
<br /> t h a t i s w v i o l a t i o n o f a n y E nvir onm ent a l Iaw. Thc precedin g t�vo sentences shall not a p pl�to th e p r e s e n c c,u s e,o r s t o r a g e o n
<br /> - - - �l.e Yl.....�.�....C.....d�.. «�:�:e....i II., ...in a Cnlufonrac f6ut ��wnn�ollv�an.�m�:vc.d b. ..�.. �,... ..1 _ ".l__.:_t .
<br /> - .__._"._--.__—_ _ �v�v���uu�liiu�w����w va�� �i��w�rv���......�.�...�.���.. ....�� �.�0�.��.�..J .......�...�w.w�v���r M��iv���u�v�v��v,w4� •ti���f\rftt�Qt �—"'_ .
<br /> ._ _..--:_ �uv I��v : .
<br /> .. uses anci to maintenance of the Property.
<br />; � Borrowcr shnll promptly givc Lender�vritten notice of ai�y investi�ation,daim,demand,lawsuit or othcr�ction by uny
<br /> . . governmcntal or regulatory�*en.cy or private party involving thc Froperry and any Hazardous Substautcc or Environmcntal Law �
<br /> • - - of which Borro�ver fias actual�norvled�e. If Bono�ver learns or is notified by any governmental or regulatory authority,that an� '
<br />` ° removal or otlier remediation of any az;udous Substancc arfecting thc Property�s ncccss:try,Borrower shall prompfly takc a 1
<br /> uecess:uy remeclial actions in acsordattee wttU Euvironmental Law.
<br /> - �� AF used in this paragrap1�Z0,"Hazardous Substances" are tbose substances defined as toxic or hazardous substances by
<br /> Environmental l.aw,►nd the following substances: gasoline, kerosene, other tlammable or toxic petroteum producGs, toxic
<br /> - pesticidcs and hcrbicidcs,volatile solvents,materials containing asbcatos or form:ildehyds and radioactive matcrials. As useJ in
<br /> � tlus paragraph Z0,"Environmental Lhw"means fcderal laws and laws of thc jurisdictiun�v�crc the Property is!oc;itcd that rclate
<br /> to l�ealth,saf�ty or environmentul protection.
<br />.' . Pngo 3 af 4
<br />
|