|
..� ._ . . ... . . -. ( • , [ � • � �O/��� ' ' ...
<br /> : Pal���Y no longer 6e ralujrai.at the�op,�on of L�nder.if mo�tg�insiarancc wver¢ge(in ttie�mpu.nt and Cor the perIod .
<br /> that Le�sr requises)provided by an ins�r epgroved by L,e�dcr agaimb�uiaes evailab!e aIId is absaine�.�ostoucr eh�il ptiy
<br /> tho piemiums r�q�cd tn tna3ntain mortgage insaranoein effect,or.to gmvlde utoss mserve.urttit the rsquifimcat for�stgrtga � �
<br /> insuran�e�s in accoidancc with aay written agr�ee�nt L�wccn Bomnvcr und Lencter or agpfirabi�taw. .
<br /> . " 9.IaspeMSoa.I.ender or its ugent may�nake cr�soanb2e entri�upon ansi inspec�ons of the Prapeny.L�ndes shatl give
<br /> - ' �w���v't,'i���ii�c��Fvt piior ta�''t:a�ousgsciiy�g�nabte�ioi Eice insg�aofl. - - --- - � � - - .r _
<br /> 10�Coa@emra$tion. Ttte pmc�s of aay.awasd csr ctaim frs dam.agc.s,diecct or cunsequetitial,ta conr.c�oa wicG eny ' .
<br /> con��mn�t��n ar ot�sr �+ ' o of aag p�t�f the Pmpecty,or for co�vey�!n p� of:�e�+nat�on.. �hereirY as�ige�l�1
<br /> shaf!De P�to�..ender. .
<br /> � In the event of a total taking of tfie Properry,tfle pr+oo�eds s�tali 6e applied to the setms sec�ted by thi.s Secarityr In�tnunern,
<br /> wheti�er-or nat thcti due,wit�t aay eaces.s�aid to Bnrtower. In the ev�nt of a partial�talQng of tiie�r+opert}r in wluch ttie fair • �
<br /> mas4cet vaLie of the Praperty�immediutety 6efnre the taTdag ia tqual to or gceafcr tbsu►tfie-amnunt of t1�sums sau;ed 6y thts
<br /> S�a�city Ins#ument ian�ly 6efore the taking,eni�s.s Borrowes and Leader otheiwise ag�ee�n writing,the sums secarxd by
<br />. �tDus SeQUi��tliet[Emzeut s�li��by the smoaat of the graceeds �Itiplied i�y the foltowing fra�ian: (a}tl�e t�al '
<br /> . � emotu►t mf 1�%'�,�__.�e�'t.,,S�imst�t�};:1�4fo�e�taking.dividec3 11y N)tfie fai�matkEt vatue of the Peopec�x imnr��reiy
<br /> `�t : � �e�iprc the` �N�:AttY�a13nc� shail b�'`k-�`3d'to Barrovser. In the evetu of a pardal tatdag of t�e Proparty in whic8�t8e fair •
<br /> ,.:::��#et veiue�of t�e F'rop�r immediately before th�r�'ng is tess t�an the amoum of tho s�ms secm�f imma3iately bef�re the
<br /> .,�._,. ..
<br /> . ,.:;�r9C#lt�ng,unicss Sortdwer and Lender ottierovise ag�;�si��'azting or aa�ess applieabie laa+Qtheravise pravides.the ptocce�s�sttall ,
<br /> ��,'��bt applied to tlie sums secur�d by this Serarity I��i�et�ra�€�;r�ro;the sams are then due. , � . .
<br /> � If the Fr`ogerty.is abaadaned by 6e��,��,es i�.'���aris$'�;,�.�er to Honower t�atthe 4�ndemnar uf�s to malce an
<br /> �svar�d o�settle a ctaim fac.�,amage5.B`c�:,:��it��gond tu'�ader wa2t�.�a30 days aftei th�date t�.�otice is given,
<br /> , ,
<br /> . ,1�#rdet is autRorTzed to ogJ��'arr�d appIy.the proCe����(e-?,��option,eithei to re��on or repair of the Pci�peey,.�'�r to the sums
<br /> �t�Wi9 Seauity Ir�t,wheth�or noi�f(d�• 't ; `.: ',, `
<br /> ,,�� .
<br /> ..%�3�°�s a«eet�der�and�brlawCr otSs�r��e agre,e ss�v{iting, an,g+&PPlieadcm,��Pmceeds to griucipal�s���4of.cate�d'±c�c. .;
<br /> post¢a:,�rst�l+�AF�:date of tI�m�nt6t�-�ts�eferred m�in paragr.,�l��a?�d Z ar change the a�ounc of s���ents• t �.
<br /> . _ ll.. ��er Nro��e�sed;F'�ce By'�,rader Not$,��it'rer,,Eatis�,sioa of the ci�for p�tnR�±or modificauon
<br /> - of�:l�,�of thr sums;��tt.vred 1s�t thi's.SscuritY L�tuent�6�{b�'�'�a�n;�a1'saCCess�r in i�t�'l�i��omawersliai!.
<br /> .. . , , .
<br /> �e�ea'�.r�c�]lease the liubility of the omg,�nal Fki�ctb�r.�r or Borr��',�st��ut fnterest.Itea�der a1JzW a�z•i�.6e required.to {� .
<br /> c'a�rs���tdings against any sacc���ct��.;�t s��aefii��!e�"it time"fos�l�Y���� 9�+��l�`�Y azaotqzatian `
<br /> ���L�a��ri�.���c:atted hy this��tY 1�!41��nf�,�,�,on o��t�?.�#ei�and ��'b�rfih�?d��i1�� �f�r,OT BfJ,CiCIW6T'S +�' '.
<br /> " �� ,�',+�i,a�ten�st. Auy foriiearaac�'.�y;111eader��,�;;�rcising any�right or r��a'�rnU�(�p't������"�i�:oc gsect►�ethc '���
<br />- � � . ,: . 'G r t. . r. ,,�t;rr f,; , .
<br /> ��of any righ¢or remedy. �•%:,.• � " .,�
<br /> l2.�and Asi�Bosnd;Joint and`Severa!Lt�bility;Ca�:�Ttie covenamts azu!agre�-mants o€this '`', '
<br /> �,,Sxarity Instrument shall bind s�nd benefit iHe suocrssore and�assigav of Ixn�e;and Bormwer,subject ta the ptnvisiant of
<br /> � paragraph t7. Borrower's covenaztts.aml agtaeu�euts shall be joint and severa2. Any BorroRer wha t�signs this Security
<br /> Instrument bat does nat eae�aite tdc Hotes(a)is oa-sigaiag eh�s.Security Insaumera.oAiy to martg�c,.gcanf a�ad c�y tis�
<br /> ' Borrawer'�.iaterESt in tha P�nop�ty under the temrs of t�is Security Instn�ment: (b)is not pasoaslly obligatefito pay tt�e wms
<br /> � secund by this Security insaument:and(c}agrees that Ltader und any�other Borrower may ag�u to�tend,modify.;foc�wt os ,
<br /> maYe pny a000mtnodatioas with segatd to tbe te.�ms qf this Sec�rity Insavment o�the Note withoat tlwt'Sotrower's cansent.� . � �
<br /> . i3.i.6an C6arges.If t11C 108I15eCUTed by tY�is.SoCUrity Tnc..cmme�t.is subj0¢4 t0 ii law whiC$SMs m�Cimti_rn110aYti CL�u'gCS.
<br /> mod that taw is f,nai[y inttrpretod so that tBe interrst�or other loan cti�rgea cotleGted er to be eallaxe�in oonncction with ttie '
<br /> , . loan eaceod the pcm�itted ttmirs.then:(a)any snde Po3n.c6arge sAa316e reduoed by the aunurit�e�,ssary to rodua the clurge .
<br /> , to tbe perau�tod limit;and(b?any.sams atrqdy cottc�IC�from Sorruwer whis�car�oded penm,iued limits w71 be s�effuadeu:,� ===-�
<br /> �omower. 1.ender may choose tq malce th�s refimd;tly�:i�dacJng ihe principat.oa9�.t�under the Not� or by mat�ing a dinxt .
<br /> p�yaxiu to Bormwer. If a n�'und roduces�pcf�i�fs1��the seduaion will�tre ut�ed as a Parti?1 p�►Yment without oni►.
<br />" ��Y���Se under thc iVots. -,`:�`' ' � � . � . � . .
<br /> 1<.Notktia.Any nooice tv BornodrerY�ai':�fa'r.dn this Secnrity Iasuumei�t����fil ba given by deliv�riag It o�r by�ilieg
<br /> I¢D�;ust cln;s u�w,iess appficabte taw requires t�a-i m�ttaer a�iod.iue�Si�ti�:3fiiail��iraKed ta the�rty Atidtess
<br /> or any ot6�s ad�dnss Borrawer desig�ates by tioEice to Lendtr. Any notia to i�nder s3�ll.be giyen.hy%ti�S-t clus mail to �
<br /> _. _ ... . - � - • .��.. ... . .. ......:...
<br /> - ----r�r�s sf�1r•ine�m ar arty uiitn fi�i�-i.eFi�'a�ig�r�ca-i,y�i-i�ici:t;w.—vvivF.�«r,�rtuiica�iii�riat-irrin�---
<br /> Securiry Instrument'shap 6e deemed to Qave 6cen given to Bormwer or Leader when given.as pnciv:ded�in this paragraph. .� „
<br /> z5.GaFpai� IatR; Sevsybiiity. 'fhls Sec�tity instiumcnt s�all be govemed by fc�dcrn! ia� an� the law�ofthc
<br /> JwisdicEioa in wlifcb thc I�rnpemy is taaEed.Ia the eveat tI�at aay provisIon or cTause of dvs Stcurity InsWtt�ent or the Nde .
<br /> oonfliqs with applicable taw.e�tch oo�nflict shatl t�nt ai3'oct otd�cr ptnvisions of thi,Security Inspvment Fsr tL'e Nc�t�whic6 qn be
<br /> given effpct wit8aut the eanf�icting provision.To this end tde pmvisions o�this Security It�stra:r�nt and the Nate.are docluq!
<br /> ta be severable. • . .
<br />" 16.Bnrenwer's Cagy.Bormwer s1�a1!he given one oonformed eopy of tho�Nnte and of this Socurity Ia�at. �
<br /> � � Farm`8tl2s"ttl0
<br /> . i+�g�sme�
<br />
|