|
1. �i. . •li. .�. � _ . . . . .�.-_
<br /> .. � , .� . � � • . • •;� '
<br /> ..r . . �.'_'_'
<br /> i �, ��
<br /> r _.
<br /> , . - // �
<br /> � � . , . �• � .. �.�... . '_
<br /> • ' . , .. ._ .. . � ,� .. . I .
<br /> . � � . � .. '�i ,� n � . . . — .
<br /> , � . . . . . �s.
<br /> �:_
<br /> � 9 5= 1�4�'�� .. . �
<br /> ��:
<br /> ' paymcntn may no langct bo required,nt thc opdon of t.cndcr.if martg�qa inswanco covcrngc(in tho nmount und far thc perlod =�-
<br /> � thut l.cnder requires)pravidcd by un insurcr approvcd by l.cndcr ugain bocomcs uvailublo and is obwined.Boirowcr shnU pny tho . ' '"__-
<br /> . ; premtums required ta mnintain mortBagc Insumnco in c[fcct.ar ta �rovldc u lasv rescrvo,unUl tho rcquircmcnt for mottango _-
<br /> insurn�tce end.c in accordanco wlth uny writtcn ogrccnecnt bctwccn Borrowcr and l.endcr ar appltcublc luw. . ,
<br /> 9.Inapxttion. [.cndcr ar its ngent muy mako m�usanublo cntrtcs upan and inspoctinnn af 1ho Pcoperty.I.cnder shnp glvo _
<br /> � BorrawEr nattcc at tho Umo ot or prtar ta un inspoction spccUying rc.vonnblo cu��so far tho inspccUon. �
<br /> :' ' IO.Cottdemnatbn. Tho pracccds of oc�y nwnrd ar cinim [or damt4gav,dlract ar wnscyucnllnl.in oonnectton wlth n��y , �,
<br /> wndemnatlan or othcr Wcing of any pnrt of tha Praperty,or for canvcynnca in licu of condcmnadon�nns herchy asslgnod nnd ,
<br /> shnU bts paid to Le�rtder. , _
<br /> In thc event of a totnl taking of 1hc Property.the procoeds sh�ll be appik�d to the sums secured by this Scxurity insuumern, � ,
<br /> � whether or not then due,with any ascess paid to Botrowex In ttie event of a partfal taking of the Praperty in which tha fair markot ' �
<br /> value of the Property immcdlately bcfore the tating is c�oal co or grea,ter than ths�mount of the sums secured by this Sacarity
<br /> Iasmument immediately befam the taking.nniess �orrower end Lender athcrwtso a�re.c in wrldng.tha sums s�cured by this
<br /> � Security Iastcument shall bo reduccd by the amount ot the procecds muldplied by the foAowing fracdon:(a) the wtai nmount of ' �
<br /> the sums secumd immediately befor4 the taldag.divIded by (b)the fair marlcet value of the Property immediatcly before the „ .. .. _
<br /> . ' taking.Any balaaoe shall bo paid to Boirower.In the ev�nt of a patt�al tekiag of the P�roperty ln which�ho feir madcet vatue of the ..yw.�����
<br /> Pmperty Immediately befare the taking is less than the amount of the sums securcd immedlately bofore ihe teking.uuless ; ' .. , •�_
<br /> Bom�wer und Leader othen�se agr�ae in wridn�or ualess applI�able law otherwlse pmvides,the procceds shall be applied to the �
<br /> � ;�
<br /> suma secured by this Se�urlty Instiument whether or not the sums ere then due.
<br /> „ If the Property is abandoned by Bomower.or if.after aotIoe by I.endet W Borrowes that d►e condemaor o�'ers to mElce en " �� �°
<br /> ., awaM or seule a claim for damages.Bomower feils to respond to Leader wIthin 30 days aftcr the date tha aotice is given,Lender . "'- „ ��
<br /> � . is author)zetl to wllect and apply the pmceeds.at its optton�either to restoiation or nepair of the Property or to the su�ns securod . , �: ��*�
<br /> � by ihis Security Instsument,whether or not then due. ��F� �
<br /> _ Ualess I.ender and Bolrower otherwlse agree in writin8,anY BPFHcadon df proceeds tn prIncipal shail not eaetend or postpone . '�"�'
<br /> ' • the due date of the monthty payments rcfeared to in parngrapbs 1 and 2 or chauge the amount of such payme�nis. -
<br /> •(;, Il.Borrower Not Rekased;Forbearance By I.ender Not a Watver. E�ctenston of the ttme far payment or�nodI6catton , " " �Y;�
<br /> _ . � � of amoid�adon of We sums secured bY this SecurltY Jnstn�ment granted by L.ender to any successor ia interest of Horrower shall ,r�i�i ,
<br /> -- .. _
<br /> ,,,.r. � aot operate to release the llabiltty of tho a�ginal Borrower or Hoirowea's suocessors 3a intae.vt.Lender shsU not be requic�ed to ,
<br /> � •:: commeace proceed�ags agaiast any suxe.ssor in interest or refuse to extend dme for pay�aent or othervv�se modify amorti�adan of • �
<br /> ' . � the sums secured by thls Securiry Insuwnent by rea�un of aay demand a�ade by the orig�ne!Bosoaer or Bn=rower's saccessore . ;'- � :
<br /> in In�Any forbeatance by I.euder in ea�ercLsiag any right or remedy shell not be a waiver of or preclude the e.xacise of any � ;� S �;
<br /> .. . rigdt or remedy. ��f:' .
<br /> • 12.Succ�ors and Asstgos Bound;�oint aad Several L.iabtlity;Casignera'lt�e cover�aa�ts� and agreeraents af this �, ' �
<br /> � Securlty Instrument shall bind end benefu the sucoessoss and assigns of x.oader and Borrower. subject W tbe provlsions of � .,
<br /> " paragraph 17. Borrower's oovenants and agr�eements shall be joint and sevaal. Any Bomower aho co-si�s tGis Securiry �:�s.�`F '
<br /> "�`�"' Insuument 6ut dces not executo the Notc:(a)ia co-signing this Sexvrity Instrument only to mortgage.�ant and convey d�at •=� '_�
<br /> "�,.�, Boaowet's int�erest in the Property under the teams of this Securiry lnsuumen�N)is aot petsonally obligaLed w pay ihe suma �... �,_;�-
<br /> , socured by this Securlty�nswme.n�end(c)agrees that L,ender rnd any othea Bo:mwer may agree w extend.modifY.fufiear or ' _.y"��-
<br /> make unny axommodations wlth regard w the tem�s of this Securiry Iastrumcat or the Note wUhout that Barrowea's oonseaG ��°"`-
<br /> �. � 13.Loan C6�ges. If the loan secured by this Securlty Insuumeat is subject w a law which sets maximmn loan charges. - • -- _
<br /> . •,:�
<br /> _ `i�;:� end that Iaw is finally interpreGed so that thu inteaest or othec loan charges collocoed or W be collecte�l in ooiueecdon wlth the loan • "...:;i;.,;�;�
<br /> ' ':.�;;�' exc,oed the peamiue�l iimtts.then:(a)any such laan charge shall be r�cluced by tt�e aznount aecessa�y to reduce the charge to�he _ �..:;�:s��
<br /> -� pem�iued limit;and(b)any sums already collected from Bomower which e�cceaded pe�niued li�nits wW be refunded to Bonuwer. .�._L���:��
<br /> . I.ender may choose to make this cefund by reducing the principal owed under the Note or by msidag a direct payment w -�-
<br /> � U ..::� _-
<br /> -• Bom�wei.If a refuad reduces principal, the reduction will be treated a9 a pactial prepayaaent without any prepaymee�t charge , _
<br />- � �;� under the Note. ° '. -�:�:�:. ---
<br /> _..J�•.�!_5 _ ,.f'j. ::���.rc.+-�
<br /> _ :,.:,�...,�,�. 14.1Vo3tces. Any aotice to Hormwer provided for in this Securiry Ins�ument shali be given by delivering it or by mn�9ng it ;- ;.,:�`;;�-
<br />- .�+'�;;'... by Grst class mail unless appIIcable taw re�nires use of another meihod.'Ihe noYlce shall be d�rected to the Propeity Addcess or .:�,����r'�,:=
<br /> . any other addcess Boinower designates by notice tn I,ender. Any nodce to Lender sdall be given by fuat cl�ss mail to Leader's .� '.;''"�
<br /> ' . � addc�ess smted dereL� or any other address Lender designates by noflce to Borrower.Any notica provided tor in this Secuiiry . -
<br /> ,�`:�, Insaument sAull be deemed to have been given to Borrower or Leader when glven as provided in this patagrnpb. . � .
<br /> ����' '' iS.GovernSag I.awi Sever�bpity. '17ds Security Insuument shall be govemed by federal law and the 1aw of the �
<br /> � jurisdictton in which the Property is located. In the event ttutt any provisEon or ciause of this Security Insnument or the Noie � ,
<br />= contlicts with appHcable law,such conflict shall not affect other provisions of this Security Insuurttent or the Note which cz�n be ,
<br />` given efftxt without the contlicting provision.To this end the provjsions of this Sacurity Instrume�nt and the Note are declare�ro '�'
<br /> �
<br />- be sevaabla.
<br /> - • Form 3028 9190
<br /> _" (�-SR(NB)tost2J a.p•4 or o ��ui,i.: •
<br /> =-- Y-
<br /> -- _— � . ---_ � - -
<br /> .�
<br /> . .
<br /> _ �
<br /> �..._.._------- ._.__.._ _.._ _..._._., . ___..-•- ... �--•---.... , .
<br />+ , „ ... . . - - . -. _..__ --- _.._.__ �..�___�..._----•---
<br /> ,
<br /> �� • � ,
<br />'s' ,� ,, _ .�
<br /> ; . ' . . .
<br />:�
<br /> — ., , � ., . �
<br /> _ . „ , . .
<br /> � `
<br /> .
<br /> .
<br />� � _
<br />
|