|
$�, = 10
<br />87...,.. 10077
<br />87-100415,
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower
<br />shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance
<br />terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall gn a Borrower notice at the rime of or to inspection
<br />prior an specifN mg reasonable cause for the inspection.
<br />9, Condemnation. The proceeds of any award or claim for damages, director
<br />consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu "
<br />of condemnation, are hereby
<br />assigned and shall be paid to Lender,
<br />i in the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security
<br />Instrument. whether-or not then due, with excess
<br />any paid to Borrower. In the event cif a partial taking afthe Proper*y,
<br />i unless Borrower and Lender otherwise in
<br />agree writing, the sums secured by this Security instrument shall be reduced by
<br />amount of the proceeds multiplied by the following
<br />fraction: ;a? zhet
<br />before otal amount of the sums secured immediateiv
<br />zhe taking< divided by (bl the fair
<br />market valise of the Property immediatrly before the taking_ Any balance shall f;r
<br />paid to Borrow er
<br />If the Property is abandoned by Borrower, cr if, after notice by Lender to Borrower that the condemnor offers to
<br />snake an award or settle a claim for damages, Borrower
<br />fails to respond to Lender withm 30 days after the date the not .cis
<br />given. Lender is authorized to collect and apply the proceeds, at its optt�cr, either to restoration
<br />of repair of the Property c:
<br />to thesums secured by this Security Instrument, whetheror not then'due.
<br />Unless Lender and Borrower otherwise agree in writing.
<br />any applicatniin of proceeds to principal shall not emend or
<br />Postpone the due date of the monthly payments refer7ed to in paragraphs I and 2 or change the
<br />amount of such payments.
<br />14. Borrower Not Released, Forbearance By Leader 'Wit a Waiver, Extension of the time for
<br />payment or
<br />nioniificatron of amortization of the sums secured by this Security Instrument granted by Lender to any- successor in
<br />interest of Borrower shall
<br />not operate to release the hability of Ill, original Borrower or Borrower's suoeessorsir2 interest_
<br />Lender shall not be required to commence proceedings agafltst
<br />awry successor in tuterest or refuse to rxtettti time for
<br />tend til4='c3bir
<br />payment or otherwise modify amortization of the
<br />sums secured bv, tilts je }ntti Instrument br reason afafly
<br />by the original Borrower or BQ7owersstnCCesSC�TS intfltCFeSt.A.ny&Wr—eArtmccbv
<br />Lrnt�in exercisiflg ant`right't 'tY'iiil°Yly- - -
<br />shall not be a waiver of or preclude the
<br />-
<br />exercise ofany right or retttedv_
<br />11. Successors and Assigns Bowled loin[ >rtrd Seve al iiabil
<br />ty C>a -sib The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assurms ofl-ender mid Borrower,
<br />subject to the provisions
<br />of paragraph 1' Borrower's covenants and agreements shall butte all several_ Any Borrower who co -signs this Secmtty
<br />Instrument
<br />but does not execute the 'tote' (a) !s ca- Signing this Securi€ istrLL*rlen only tti
<br />fnortgagr, grant and convr%
<br />that Borrower's interest in the Property under {lie [rrirn5 of this S uri Itistrtitriesia;
<br />alit Is Iip{ SG13(;i3alll Obligated W pay
<br />[lie sums secured bs this Security instrument, and (c) agrees that Lender and ant citaes Sarrower ma agree to
<br />forbear
<br />modify, y extend-
<br />or make any accommodations with regard to the" terms of thus Security Instrument Of the Note S -i-1 at
<br />that BorTcr
<br />er S consent.
<br />12 loan Charges. " If the loan secured by this Securtt Instrument is strb,{ect to a law which sm niaicimuc loan
<br />:Barges, and that law is finally interpreted
<br />so that the interest or other !o4xi charges collected It to be coiletcTed iii
<br />connection with she loan exceed the permitted minify. then ta) 16AU
<br />;
<br />any snxln charge snail be reduced by the amount
<br />necessary to reduce the Charge to the permitted finer tba
<br />and any sorts alteady oHmLed from Borrower which ended
<br />Permitted limits will he refunded to. Borrower. Lender tray t� to atrakr tits refund b
<br />reducing the pie l ,wet€
<br />onider the Note or fay making a direct payment to Borrower- Ifs refund
<br />reduces p irzyc ipal. ti€e reduction wall be trr�rd as a
<br />dial preparrirrit watlleut any prepaymrni charge inder the "-rate
<br />`
<br />13. Legislation Affecting Leader's Rights if t nactment or expant --€z , mica r Taws has the a
<br />rendering
<br />rev L iz
<br />any prev isron of the Note or this See univ Instrument aiirtii =.xceablt a, z ding t'i its terms. Lencitr, at its cgati�t
<br />atiay roc nn
<br />immediate payment it- full of ail sums secured by this Srzusats Instrument and may invoke any rer edws
<br />Permitted 5s paragraph l q. If Lender exercises
<br />this option, Lender, deaf': takeill stegs spe bed in the second pa�agrapli a "
<br />para ?cr aph I
<br />- 14. Notices. An± rrCttn:C fCY Bi;i'rawer pr??v'.dett f`r nn fire -
<br />mx'h •g ,t bi first class mail unless applicable law r lures f another Iiisi�rtirait shall sic given Lvy drlssertng e c r' c
<br />eq fix i ne ltod_ The
<br />- -
<br />m-twe shall arc directed too ti c
<br />Property AdLress or any ether address Borrower designates b% Hoar -r t i Lender Arty notice To Lender shall tie 92 vii by
<br />- first class mall €o Lender's address stated herein
<br />or any cH,
<br />rov idea far n :his Sev urty instrument sh yUsirs b1 IciAe rL B+C r73w r.AnV r3Yr6cr a
<br />r d
<br />exeA;z iav been gist -;B . it Lender when given as provied
<br />in this paragaph e
<br />15 governing Law; Severability. Th-.s &-L-urrN Ir _tr .Bette shaill tte go—very bs fezdera; raw and the eau of the
<br />junsdr nor In which the Property is vxated In the that
<br />event arA r v4y r r rats r , ,t3 Secur,ty I s imrrt yr the
<br />Note conflicts with applicable ljw such Qri'i t shall zux,i affect oolhcr era >,- wi'n's c'rf tires Scccu In-str•,rrncr
<br />i -', sor the Note
<br />- _'w�'hich can be E`vtn effect w 1thexut the cc.`rlfi - -t ng prti'i1Si. ; To ; his ...,a# tree - Sm-,nN c-1 zl s SeCfBrity` ITI5,tr
<br />[n aredeclarro lobe severable. - eSi31GTt5 and .g3Y
<br />-
<br />ltd Borrower's Copy. Bof ow "cr sha2 tae grver ome roc ;mcd ti:Lps -q. tilr "tit r and zn shtS Sesu ?te' lnstrume t.
<br />Transfer of {lie Property or a Beneficial
<br />Interest in Borrower. If all r y' "pelt z the Pro=perty or any
<br />mere t it -sold or transferred t,,-,r if a ;Bone
<br />t •ricers ". B r we s €
<br />Ier- scti)wrtl cue Lender s prier wntten c,n er L nd= -
<br />Y
<br />Fs this Secutzty Instrument rti ,c o faii of a ms
<br />t, :.i3j lt be C'K r X2"3 "-_', t..e�''der rxerc -se, s R,:.liFb till bl'
<br />federal lawasolthedateafthisScrur Instrument
<br />If Lender exer s(; this opnt r Lender shai! gyve Borrower -'n
<br />ii.e.erntie The notl -Y shat; provide a period
<br />of not lest than ,t, day s from the date the notice Is dell, ered c, r marled
<br />within wbwh Bc newer roust pati all sums secured ^ w
<br />this Security instrument- if Borrower fails to "these
<br />pay
<br />Burns prior ?c?the remedies permitted by this Security Instrument wahout rush eexT p atn sn oB f €his red. Lender hoy snckr env
<br />n . s wpeeer
<br />IS- Borrower's Right to Reinstate. If Bc rrrmrr merts. Ial Tea as ,, By rr ywer ;hall have the
<br />enittr ennen4
<br />right t,> have
<br />";It (Nils $CC;tr11v Ins(rtlmrnt discontinued at a } 1 pr it7 " e earher 2r
<br />jj
<br />c
<br />:
<br />a) i.tais ?ir such - }t •r Per 1,10 ;IS
<br />at? li at lc 3W a peL'f\ ts?r YC1nSidi inert 1 t etd I[ saie f it PT p'n, r •. ns "t, asA
<br />Se'u'Urtt
<br />nibve: t'a sale ,: n?
<br />lr.,,ru(r,xl.'t "I .b) enrr4 t t a iudgmcnt ,II43T�. r� tors � -:A li. -a1rr;d in "lies
<br />.1
<br />.sn t3.iv 1 C alit s i s `m; w, se' .'Slut i. isc are t• 3 R, - r".w'er'
<br />_ it9il" S)'ct wFtU 111 t4. tl3t� [.T ktk i "t V_, E
<br />PSI
<br />t faE - 'Yi any othe }b A A I -e �i) ha;'
<br />ar. � r
<br />-
<br />+ ,.�• ,� It x�. i l.c ^.� <.- -,.r�
<br />as o l 3 t this "s�Lurlty lrr,ttsr i a.
<br />-
<br />.ea' I
<br />-
<br />'
<br />t
<br />
|