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95106820
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Last modified
3/10/2012 3:46:13 PM
Creation date
10/21/2005 10:29:01 AM
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DEEDS
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95106820
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.����T „ . . <br /> '-�- K1}h�rf� ^- . <br /> �sj�i'� ,.''_,�„�,Yr.-. ,� _ ...._ - . . <br /> �{ �r.. �, � . �i...._.z�.��R�.--' . - '— <br /> �►�'�-��.QSiL4'�ll <br /> paymente muy no longer be nquired.at the uption af I.ender.if martgage insutc�noe coveroge(in dte amount and�or tho period <br /> tlu�t I.ender :equires)provided by an insurer approved by l.ender aguin becomes av�iluble wtA is abtnined.Borrower sh�ll pay <br /> tha prarNurns rqutrril to maint,�in mortga�e inseu�unce tn effect,or tn pmvide u las.g reserve.until the cequircment for mortgage -- <br /> insurance ends ia accor�anec with uny wrItteii usreement betwcen B�rrower und i.ender or nppticable luw. -- <br /> 9.Iqspectinn. Lender or ttss agent may make reasanabla entdes��pon and inspections of tbe Property. Lcnder shali give <br /> Borrawee notice ut the time of or pdor to an lasp�tton specifying reasonabte causo for the inspecNon. <br /> 10.Condemnatton. The proceeda of Any award or cluim for dacnages. direct or cansequential. in connection wlth any <br /> condemnadon or other taking of any paR af the Property,or for conveyance tn lieu of rnndemnatlon.are hereby ussigncd and <br /> sh�li bc paid ta Lender. <br /> In the event of a totai tafang of ihe Peoperty,the proce�dr sha{t he applicd to the sums secured by this Security Instmment. <br /> whethcr or nat then due. with any exccss paid to Bormwer. In the cvent of a partlal taking of the Praperty in which the fair <br /> market value of the PROperty immedjately before the taking is equal to or greater than the amount of tke sums secured by thIs <br /> Security InssstimKr►t lmmediately befors the wking.wiless Borrower and I.ender otheiwise agreE in wridng.the sums seciu�ed by <br /> thia Securlty Instcument shall be reduced by the amount of the proce�ds multlplied by the following fra¢tion: (n) the Wtnl <br /> amount of ttta sums secured immediately before the taking, divided by{b)the fair market value of the Property immediately <br /> befote tho taking. Any balartce shaq ba paid to Borrower. In the event of a partial taldng of the Pmperty ia which the fair <br /> market value of the Property lmmediatcly befo�e the taking is less than the aniount of'We sums secw�ed immedIately before We <br /> taking, unless Borruwer and Lander otherwise agree in writing or unless applicable law otherwIse pmvides.the pmoeods shaU <br /> be applicd to the sums secured by thts Security Insmimr,nt whether or nat the sums are then due. _ _ <br /> If the Property is abandoned by Bormwer.or if,after nodce by I..ender to Bormwer that the condemnor offers w roake en <br /> aw$t+d or settle.a clatm for damages. Borrower faila w respond to L.�nder withln 30 days after the dute the aotia ie given, <br /> i�tid��is auth'a�izcd to oollect and apply the proc�ls,at its option.eitfier:to restoration or repair of the Prnperty or w the sums <br /> seCur�d t�y Rhis Security Insuument,whether or not tlun due. <br />. • _ tJnla,s L.ettder and Borrower atherwise agree ia wridng, any applic�tion of procceds to pdacipnl shall not extend or <br /> pp,a�pono the dus date of the monthly payments refemed to in paragraphs 1 and 2 or chaage the amount of such payments. <br /> Ii.Borrower Not ReleASed;Forbearance By I.ender Nat A Walver.Extension of the time for payment or modiHcation <br /> of amortization of tho sums secured by thIs Securlty Tnstrvment granted'by i.ender to eny suocessor in iateresi of Borrower shall <br /> not operate to releuse the liabiIIty of the orIginal Horrower or Borrower's euocessors in iatarest. Lender shaii not be nquiPec#tv ° <br /> commence proceniimgs ngainst any suceessor 1n interest or refuse w extend timo for payment or otherwise modify amortl�t[on <br /> of the sums secu�d by tlsia Secwlty Instmment by reason of any demand made by the or�ginel Borrower or Bormwer's <br /> successors in inurest. Any forbearance by Lender In execcjslt�,any�ight or rcmody shall nat i�e a waiver of.o;preclude the <br /> , exercise of any right or remedy. . <br /> 12. Suoces4o� And Asslgn9 Bouad; Joint and 3everal Llab3lity; Co-signeis. The aovenaats aad agreements of thia <br /> Secur�ty Instnunent shatl bi�l und benefit the sucoessora uzd essigns of I.endu and Bornnwer. su�ject to the provislons of <br /> paragraph 17. Borrower's coveaants and agreenxnta sliall 6e jolnt and severel. Apy Borrower who co-signs this Secudty <br /> Insttument but does not execute the Nou: (a) is co-signing this Sxurity Instrument only to awrtgage.grant u1d oonvay thnt <br /> , Borrower's interest in the Property under the tenna of thia Securlty Instiumeni;(b)is not personally.obligated to pay the sum� <br /> sxurod by this Security Instrument;and(o)agrees that L.ender and aay other Borrower may agro4 su extend.nnodifY.forbeAr oQ . <br /> meke any accomwodations with regard W the terms of th9s Secudty Insttument or the Nou without that Borrowcr's consent. <br /> 13.G�an CSerges.[f the loan secured by this Security Instnirnent ia subject to a!aw wbich sets maximurq ioaa chargcs. <br /> arid that law is Bnally Intetpraed so that tht inurest or other loart charges oollated or tn be wltecta]in cvnbecKion with the <br /> 14an exooed the perm[ttod limits,then: (a)any such loan charge shsll be reduced by the amount neocxsary to re3ua the charge <br /> to the petmittcd Gmit:and(b)uny sums alnady collxted feom Horrower whtch cxc�edod permiuod limits w#Il be refundod W <br /> Borrower. Lender,may choose to make this cefl�d by ralusing the principul owed w�der the Nou or by maidng a dirac <br /> paycnent to Boxrower. 1f a nfund reduces prineip�l� the reduedon will be treatcd as a partiul pr�payment wtthaut any ' <br /> prepayment charge under tho Note. <br /> �4.NoBces.Anp notIce to Banowcr�rovidod for in this Securlty Instrument shall be given by d�Uvering it or by mailing . <br /> it by first cl�ss mail w�less applicable lnw requic�es usc of another metbod. The aotice shaU be di�cted to the Property Address <br /> . or.eay other address Bomower deslgnates by notice to L+ender. My notice to i.ender shalt be glvcn by first clasa muil to � <br /> •��.ender's address stated heisin or eny other uddress Lender designatss by notice to Borrower. Any noHca pmvidod for in this � <br /> Security Insuumem shal!be damed ta have ban gtven w Borrower or Lender when given as pmvidod in thia par.tgraph. j <br /> � 1S.Governing Iaw; Severability. Tdis Security Instrument shuil be govemod by federat lew and the Iaw of the ( <br /> ,jurisdictivn in whieh the Pcoperty is lacated. Ia the event ihat any provIsion or clause of this Security Instrument or the Nate <br /> confllcts with applicable taw.such conflict shall not affect otlter pivvistons of th[a Securiry Insuumenf or the Note whfch can be <br /> given effect wtthout the wnflicting Frovision.To this end the prov[slons of this Security Insm�ment and the Note are declared <br /> to be severuble. <br /> 16.Borrower's Capy.Borrower shall be given onc conformed capy of the Note arul of this Secur[ty Instntment. <br /> ' Form 3028 9180 <br /> Pp�4 ot 6 <br /> I <br />
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