|
�-sti ' ._`_ _ . .
<br /> },; ' _
<br /> � . _ _ __
<br /> --�-�-�.�r c_.-._-�;�r..:-rr.---�--••-�..�r..oa.er=�.-•-____._...-,m..-._._..T, �._.._. ° - -,-..�.�-�:�.^r�r.� :�.t�''r'"•y+"... :n..v. _
<br /> ,. , . ' ' .. �� . . • .. . - � �. . .. �r�� . . . .,. . • r .. !�J..-'_ �ti��rNi i r.�r1p'�'.C� _'
<br /> �i�►�5� �.03�
<br />; payaxnca may no lun�er be roquired, bt the op4ion of Le►uier,if rnoctgage inuurance rorer (n the rmoueot ar�d for ttW perk�d
<br /> that l..tnder rcq�uires)provided by an irnurer uppruve4 by[,c�der again hccomes avatlable ern.i[s oMalrwd. Aonnv�er slwl�p�Y
<br /> the pnmiurns royuired tp ttuintcin monga�e insurprxe in el'frct,ur to providc a Ipss reservE,untii fnc roytiimi�tti iur nR»i�yr '
<br /> inaurance encis in accordance.witt►uny written agroenunt bctwan �orrower a�nd i.ender or applieabk l�w. ,
<br /> 9. inspecllon. Lender ar its agen:rruiy niake rwsonable entries up�n und inspecdans of tha Fropeny. I.endrr shnll giwc
<br /> �rrower notice ut tht timt of or prior to un ins�sction specifying reasc�nable cuuse for thc inspoction.
<br /> IU. Condemns►don. The proceeds of any nward or claim fnr dnmages, dirut or consequen�ial, �n connection with xny
<br /> condrmnation or other taking of uny pmt of the Property,or fur conveyance in lieu of condemnation, are hereby assigned and
<br />; shaU be paid to L.eixler. �
<br /> In the e��ent�f a tutal tuking of the Property,tF�e praceeds shall be upplitd to the sums secured E�y this Security instrument,
<br /> whether or not then due, with any excess paid to Borrower. In the eve�nt of a partinl t�king of the Prnperty in whlch the fair
<br /> market value af the Property immediately before the tnkins is cqual to or gm.ater than the zmaunt of the sums secura�! l�y this
<br /> Security Instrurr►ent immodiutety befor�the taking,unless Iio►rowcr and I.endcr othcrwisc agrce in writeng.the sums securod by
<br />� this Security Instrument shull be reduced by tlie amount of the proceeds �nultiplied by the following fruction: (a) the tota!
<br /> asnoun!of tS�e su.n�s sect�re�l immedietcly hefnre thc taking, dlvidcd By(b) tlic f:iir market valuZ of the Property immodiately
<br /> before the taking. Any balance shall be paid to Borrowcr. In the evet�t of n p�►rtial taking of the Propr.rty in which the fair ,
<br /> r!�r.rl�et vulue of tlta Froperty immedi�tcly hefore the tnking ic le�ss than the suttou[tt of the sums scCUCCd'Itl',litCdiatcly befutt the
<br /> tr�king, unlcss Horrowcr anJ Lendcr otherwise agrc:e in writing or unless applicable la�v otherwise provides, the proceeds shall
<br /> be applicd to the sums sr:,cured by this Securiry lnstn�ment whether or not the sums are then due. -
<br /> [f the Propeity is nb�ndoned by Borrower. or if,uftcr notice by Lender to Borrower that the condemnor offcrs to make an
<br /> award or setqr, A claim for damages. Borrower fails ro tesponc�. to Lender within 30 duys c�tter the datc the noNce is given,
<br />� I.ender is autltorized to collect and apply the preceeds,ut Its option,either to restoration or repair uf the Prop..rty or to the�ums
<br /> secured by this Securiry Instn�ment,whcther or not then due.
<br /> jUnlcss I.endcr and Burrower othcrwise ugrce iu writing, any application of procc�eds �o principal shall not extend or
<br />� postponc the due date of the monthly payments referrcd to in paragraphs 1 ond 2 or change the amount of such payments.
<br /> 11. Rnrrnwer Not Releaaed:For6ea�cance Bv i.ender Nut n Waiver.Extension of the time far payment or�nodification
<br /> of amorti�tion of the sums securc.�si by this Security Yustrument�rantcd by Lender tu any successor in interest of Bonower shall
<br /> not opei�ate to rele��tse the lisbility of tfi�e original Borrower�r Darrower's successors in interest. s.c:nder shall not be reqt►ired to
<br /> c�mmence�eroccedings against any succcssor in interest or rcfus�ta extend timc for payment or othenvise madify amortization
<br /> of the sums secured by this Security Instrument by rcason of any demnnd madc by the original Borrawer or Aorrower's
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the -
<br />� exercise of any right or reanedy.
<br />� 12. Succcs.wrs und Assigns B9und; Joint stnd Severnl Liubllity; Co-signers. The covenants and agreements of this
<br /> Securlty Instntmen, shall bind and benefit the successors and assigns of I.ender nnd Bon•oaer, subject to the provisions of _
<br /> par.►gruph l7. Hono�ver's covenants and agreements shall be joint �nd several. Any Borra�ver who c:o-signs this Securiry
<br /> Instrument but docs not execute the Note_ (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> Borro�ver's interest in the Property under the tcrms of this Security Instrument;(b)is not personally obligated to pay thc sums _
<br /> secured by thts Securiry Instrument;und(c)agcees that Lcnder and uny other Borrower may agree to extend, mociify,farbear or _
<br /> make any accommodations with rega�•d to the terms of this Security Tnstrument or the Nutc without that Borrower's consent.
<br /> 13. Loun Charges. If thc loan secured by this Securiry Instrumcnt is subject to a law which sets maximum loan charges,
<br /> and that law is finally interpretecl so that the interest or other loan rharges collected or to be collected in connection with the =
<br /> loan exceed the perenitted limits, then: (a) any such loan charge shall be reduced by the amaunt necessary to reduce the charge
<br /> to tlie permitted limit;and(b)any sums ulready collected from 6urrower which exceeded permitted limits will be refunded to
<br /> Bo�nower. Lendcr may choose to make this rcfund by reducing thc principal cnvcd wider thc Note or by making a direct =
<br /> payment to Bonower. If u refund rednces principal, the rcduction will be treated as a partial prcpayment without any
<br /> prepaymeRt charge undcr the Note. -
<br /> 14.Notiecs.Any notice to Borcower provided for in this S�curity [nstrument shall be given by delivering it or by mailing _
<br /> it 5y first cl:�ss mail unless applicable law requires use of unother method. The notice shull be directed to the Property Address :.
<br /> or any other address Borrowcr dcsignates by notice to Lender. Any noticc to Lcndcr shall be givcn by first class rnnil to _
<br /> Lender's address stated hcrein or any other address Lendcr desionates by notice to Borcower. Any notice provided for in this
<br /> Sccurity Instrumcnt shall be dceme�to have been given to Borrowcr or Lendcr�vhen givcn a�provided in this paragraph.
<br /> 15.Governing Luw; Severability. This Security Instrument shall be govcrncd by fccicral law :�nd tl2e law of the
<br /> jurisdiction in which thc Property is located. In the event that any pruvision or clause of this Security Instrument or the Note
<br /> contlicts with applicabl�la�v, such conFlict shcdl not uffect uthcr provisions of this Sccurity Instrumcnt or thc Notc which can bc
<br /> given effect without th��conflicting provision. To this end the prYrvisions of this 5ecurity lnstru►nent and ilie Note are declared
<br /> to be severablc.
<br /> l6.Borro�r•er's Copy�.Borrower shaU be given une conformed copy of'the Note and of'this Security Instrument.
<br /> Form 3028 3/90
<br /> Poqe 4 of B
<br /> �_—_,�� ._:._--,..—r:�v^rr--uv:�:.fi.':G—C:i:.:.1'1�::_'_'.T«i:'llfJT.�,:ll':T'-L�Tx t�ta�� ... . .�--��� . - _ �_...
<br /> .. , �.w,�� . .S:_ . ., ;
<br /> ';:1��7n--'�a:r.:•zr. . -- � ..
<br /> -- _- �.a rnnww�wn -
<br /> ` � ... . .. �� . .. , ,°���.i��Z.: - . .. .. -' •
<br /> ���" il' ai ,.ThY��; , .
<br /> M +. . .. . .. �' . . - .. ii, ��.. �4�F�� ', ., . .
<br /> , , " ' .. . • .. .. �'}, � �5;��,X�. ' .. .
<br /> -t .� �' . .r'.j.�.i�� ��,(w��jt • . .
<br /> �-. , ... .. � . - . �Y� ' .
<br /> . -. . ,� Y -.�,,- .
<br /> _41_ . _„ �. . ,rv� .. ..
<br /> . . „.7
<br /> _/�_ � 11 �) - . .. � .. ' •.Y.. ..
<br /> Mi�r:� , , i .
<br /> Yl�.i'[I• . � � .. .. � " r �'. f' _ ..
<br />. •:� ' � . ' .. f) ��1•� ` � "1 .fl��..
<br />..y,�'�. . .. 1. - . � r' . ..4A. �It �~ i . '
<br />;�. . . . . • .. `:r'�����<.�'t,:r. , ..
<br /> % ' , „ . .�.+� ;r�, .
<br /> ,� �
<br /> - -
<br /> , �
<br />
|