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87100876
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87100876
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Last modified
10/19/2011 1:50:37 AM
Creation date
3/27/2008 1:57:43 PM
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DEEDS
Inst Number
87100876
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- <br />87_- 100876 <br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument- <br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the <br />insurance terminates in accordance with Borrowers and Lender's written agreement or appbr ale law- <br />8. Inspection. Sender or its agent may make reasonable entries upon and inspections of the Property. Lender <br />all glee Harrower notice at the time of or p for loan inspection specifying; reasonable cause for the inspection. <br />9. Condemnation. The proceeds of arty award or claim for damages, direct or consequential. in connection with <br />;any condemnation or other raking of any part of the Property, or for c ctnveyatice in lieu of condemnation. are hereby <br />assigned and shall be paid to Lender. <br />the Property. the proceeds shall be applied to the sums secured by this Security <br />In the event of a zonal taking- of <br />Instrument whether or not then due. with any excess paid to Bor roYt�- In a event of a partial taking of the Preprrry. <br />itaiess Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be remized be <br />the amount of the proceeds multiplied by the following fraction- +a? rite total amount of the stems secured irntriediately <br />before the taking. divided b} (b) the fair market value of the Property t€nttel :` before the taking. Anr balance shaiF be <br />paid to Borrower - <br />If the Prrperty is abandoned by Borrower, or i, after nerc- by Lender to Borrower that the condemnor offers to <br />awake an award or settle a claim for damages. Borrower Luis to resr 0-€ tc Lencic within 3G days after the date lute nottvz ;s <br />' <br />givnf. Lander is authorized ro collect and apply the proceeds. t ms opticsi: either to nest rat) or repair of the Property v� <br />to the sums secured by this Security Instrurrient, whether or not then a e_ <br />m wrong. any appacatien of - *rocs to principal shall ncr2 exaend or <br />Unless Lender and Borrower ozherw•ise agree <br />due date the month. *eferred to in paragraphs : a'� =art change the amount of such payments <br />postpone the of payments <br />lo. Borrower Not Released Forbearance W i.ender a tFaiver. :xtaisuin of the time for payment or <br />modification of amortutanor. of the sums secured by this Secur -T% Insuumet€ granted by Lender to any successor To <br />interest of Borrower shall not operate to release the liability of the ongtnas Borrower or Borrowers successors in umertat_ <br />I..s+der shall not be required to commence proceedings against any successor in interest or refuse to extatd trite for <br />pay»t or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made - <br />by She original Borrower or BorrowYZ s successors in mtcest. Arty flirbnaricc by Lenin ill exercising any right or remedy <br />snail not be a waiver of or preclude the exercise of any light or t <br />il. Saa�ssors noel Assips Boaad Joint and Several L sib, ircy- Co- vs The oyrtarias and agreements c -, <br />Security Instrument shall bind and benefit the successors and ass:gris of LrMaer and Borrower. subiaz to the provisions <br />this <br />of } •. Btiz*ower`s coven and agreements shall be instil. and sece€at Any Borrower who co -signs this Secsrrtzy <br />paragraph <br />Insttutrrchl birt elan not execute the dote: tai is co- grimir this Secetrty Fnstrumenr only m mortgage, grt2t2 and Davey <br />� <br />that HC?rSt37NGr 5 interest Sri the Property tinder the terns of this Searcy Instrument #bi is not perSowily obligated to pad` <br />the sums secured by this Security Instrument: and (c) a� that Lends arrw airs oerter Borrower roar a €o extend. <br />. modify. fortx= or shake any arcotnmodatiOm with regard to the terms of nulls �XCtirt.'y Instrument Or the Note = ttiL�£It" <br />tha $orrv+ver'S consent <br />M Lau Charge If the loan secured by thss Secunty Instrument a sabpct a law which s maximum toan <br />3 <br />. <br />ebargss and shat law is finally interpreted so that the interest of other Icon charges collected or to be collected In <br />cuimuctioft with the loan exceed tht pernmed limits, thm fa} any steel loan age shag be reduced by the asx+nitt <br />to reduce the charge to the limiC a Cb? any slams alreadi� = ollec2ed from Borrower which ex <br />3 <br />eettssary <br />pp�erzt�siu,�ed <br />Iitruts be "Amded to Borro -er Leads TnaF choose vO thakC tfrss refund by reducing the pnnctpnl l7arGl <br />-- permitted will <br />vttdar fife Note or by malarig a direct payment to Burrower. If a refund reduces prmcmat Inc reduction will be tteatetl as a <br />- prepam— without any prepayment charge under The Ott_ <br />' <br />13_ lye�aa Atleetttq Leeier's MOM If went Or expiration � � laws has he e$� � <br />:!C'n3iTin any pro -visa 1 of the Note or this Secuntk Instrument umcmfDfccabk "•,••,�•: :••_° tc'3..'3 i^*rtLS. 1. ''- at it- -_ <br />4 any �� <br />2 may *n Z?ISe <br />nine <br />- TL'd fK' SlliB SCCl2rit" In�3'gmeh . <br />Ymen2 m frill Of all SirirL Seti2 <br />=II3ay TeQ2L`re immediate pa_ - <br />perimued by paragraph 19 If Lender exercis this or ender Leiter shall take the steles specified m the second uaragragh of <br />paragraph <br />14. Notices. Any nonce to Borrower provided fns m Sfiis Securttc lnsmument shalt be gtver by dcirvtrtag it cn lry <br />- <br />mailing It try &V lass mail unless applicable law requires use of another memod- The notice shall be dire to the <br />property Address or any other address Borrower designates by notice to Lends Any notice to Lender shall be given by <br />'first clam mail to Lenders address stated herem or any other address Lends designates by notice to Borrower- Any notice <br />proves for in his Security mitt . nert shall be deems to have been given to Borrower or Lender whin given as provided <br />in this paragraph. <br />15. Governing Law: Setembiiity. This Security Inst_*umcit sitar be governed b% federal law- and the law O the <br />jiizisdiction in which the Property lotated In the event that any vision or cianse o€ this Security Instrument or the <br />Note Ii:s with applicable aw. such confitct snzl act affect oths provisxns of this Security' Instnirneat or the No te <br />which iii be given effete without the con3rcr rig prov:siot - To this end the rr0- sions, of this S user. Instrument and Ae - <br />Note are declared to be severable. <br />16. Borrower's Copy. Borrower shah be Vv= zne :cnformed :opt TM' -ne, ".otc slid of this Secunr1 Insi m <br />I'. Transfer of the Property or a Beneficial interest in Borrower. If all or any par. of the Pro 3c ty or art._ <br />intermit ttt it is said or transferred for if a benen�.a interest n Barrows xs tiiti it �mie^iec and B *rower s tot a its ail. <br />person � whthout Lender's prior written consent, I _. lder may- at s option requ r- rntinemlite payment in fall of aH seines <br />i <br />SeCnres: ?y ii2is LCIITlti InSir[Initrt2. SSi:wey`er. ir}i iiti S3'.3is' '3Cz c'3e ��.s°". it 3=y I.£?b£fer L PY 2'CSSe 1e, p - olniJvt'r�d <br />federal ax as of the date of this Security Inssti'tunen£ <br />I`' -nder nitre this option. Lcnoer shall give BorrowG noun of acceisraur -n. The notice shall. pro%-de a period <br />of not less Shan 30 days from the date the nonce is delivered or mau, 3 within which Bor.^avvrr must niy ail sums secured by <br />this - Securttk Instrument- If Borrower_ fails f o pay these Sums prior : 3 tote expttiliCin (?t «IISS peered.. I.tri ter may 3n,Qise anY" ' <br />- <br />remedies pertriftted by this Security Instrument without further no:-te or demand our Borrower. <br />is. BorrowePs Right to Reinstate. If Borrower meets certain conditions Borrower stun stave the tight ri hate. <br />enforcement of this Security Instrument disconunued at any tame prior to the earlier of- (a) c days i nr such other period as <br />applicaNe law may specffi for remstaiement) before sale of the Property puns sa.-i to any power of sale contained in this <br />Securlt) lnstrumeni: sir lhi entry of aludgmcnt enforcing this Security Instrument Tbosc coed lions a._ that Bcrmwe <br />iii ray: Lender all sums which then woul.,, be due Hader this `ecuriry Instrument and the Note had no act lc. tton <br />v u rl- ih, .arts ally default :hare} �Ither c+cnaziu or agreements tcl nays ss+ expenses incurred in enfzr .rig this <br />Se a -- nsa-,j-ncrf. 'nc '.tiding,' but not hlitfd t. rm%cnabie atttrrriey� items, a.'i.i ` „,i sal _u 3tifi :`R 3e, fxnoer nY3y. <br />M tit' ^k6 :ty u4tG i,' is are I ^3t the lien :o 'his Seiur?t 3' Insiriimeni,. L, ^I'nii in he I'r :let1 lft Ili rr'.wtr3 <br />"Ton <br />. <br />it:sttuniet ?: ai; t.-:nu_ ,.. :,. <.tgefi i rc_nstitrmeni ^r <br />_ <br />...- .'4'�a _ __ -. - i.. .. .. .1, .iC r•i.,. : }�_�,., ,... ... ", 3:. t.r:i.t' <br />
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