|
ti
<br />RE- RECORDED '
<br />87-- 1.0 0926 87_: 10081
<br />87- 100649
<br />If lender required mortgage insurance as a condition of making the loan secured by this Security Instrulnenr,
<br />Borroxwer shall pas the premiums required to maintain the insurance in "etleci until such time as the requirement for the
<br />insuranct terminates in accordance with Borrow'er's and Lender's written, agreement or applicable law.
<br />S. Inspection. Lender or its agent may make reasonable entries upon and inspz tions of the Property. Lender
<br />shall giat $.stow er notice at the time of or pric r tc an inspection specif ritg reasonable cause for the inspection.
<br />9. CnndemrtatioM The proceeds of any award or claim for dartiagm director consequential, in connection with
<br />any condemnation or other taking of any pan of the Property. c r for corns eyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the cs'ent of a total taking of the Property. the proceeda shall be applied to the sums secured by this Security
<br />Instrument. whether -or not then due, with anv excess paid to Borrower: In the event of a partial taking of the Property,
<br />unless Borrow er and Lender otherwise agree in writing: the sums secur-A by this Security Instrument shalt be reduced by
<br />the amount of the proceeds multiplied by the following fraction' !at the fetal amount of the stuns secured immediateis
<br />before the caking, dt +'tiled by (b) the fair market salue of the Property tatiiteiaty befarr the taking. My balance that! Lie,
<br />plaid to BQr-rc wen
<br />if the Propene is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />nuke an award or settle a claim for damages. Borrewt fails to —Poo,-4, i Lender - within 10 days after the date the notice is
<br />_
<br />giber. Lender is out banned to collect and apply the preceecls, at Irs c�£twit.. enter tai restoration 'or repair of the Property or
<br />to -he sums secured bs- this Security Instrument ". whether or not rhea dt e.
<br />{;bless Lender and Borrower otherwise ague in w ritm - any ap cm ion of proceeds tv principal shall trot utcmd or
<br />posh the due date of the monthly payments referred tomparagrapbs I and 2 or change the amount of such payzncmts `
<br />10. Borrower %ot Released-, Forbearance By Leader Not a Waiver_ Extension' of the time for payment or
<br />{
<br />ntxiifl anon of amonitation of the sums secured by this Seetrri imsrr rmt granted by Lender to anir successor In
<br />Interest of Borrower shall not operate to release the habiliil of the- -MMXW Borrower or Borrower S staecessors m intasst_ '
<br />Lender -hall not "iiE required to commence prraccrocllnSs agal2st sits in interest or refuse to extend tune for
<br />payment or otherwise modify atnortiration of the xurns secured br. rhis Security Instrument by reason of arty demand made ,
<br />by the ortgirlal Borrow or Borrower's si cessrirs in intertsr :nary � arrcrtby Lender- exercising any eight or remedy
<br />...
<br />%hall not be war ser e--f or preclude the exercise olf an ' rFglii i t -0 -4-
<br />Successors and Assigns _Boa lw{ -Joint and Several Liabilk,%. -Cow$ The cc*eenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and asst tso(Leader and Borrower, sub*t to the pro*tstvnses .
<br />of paragraph 17. Borrowers coi eitants and Agreerments shall be)otrtt and se+cr Borrower Iw-ho co signs this Security
<br />_
<br />Irrstrumcni bur does not execute the Note: tar is co- sigrung this Stc-r:rml Instrument only to tmortgagc; grant and comsn
<br />thalt Borrowers interest m the Property under the terms of tft s Security 3r. 'riratt t.; f bi is not personally oblipted to paM
<br />.
<br />the sums secured by this Secttrity Instrument, and icy agrees that Lender and any other Borrower troy agree to extend,
<br />E
<br />� ,
<br />tt oddy, fotbaar or ms -e any accommodations with regard k- the rSetit -Av Itrstrumt -at or the iSlEt(e
<br />IZ. Loan Clmar$es. If the 'sc an secured b this Se t$rts Iatsiiat ,sat rs s .-t tc a law which sets mattrm€ m 101201,
<br />teee''
<br />charges, and that law is finallh interpreted sv titat the Inter s; or -a%ier 100.0 charges cw~RMICd or ao rte coACCrC M
<br />rt
<br />ctrtimteC i DTI with the loan exceed the permitted hmuts. Ibm tai atry sash talon cbargc aSal? be reduced by rite aeacaart
<br />'.-' -
<br />.- t:[L "tSGa','t t4� r!i1ucc the charge to the permitted limit; and 4b) any sums already oUmied' from, Borrower Whic [3 :-
<br />'
<br />a3 ted limits will be refunded to Borrower. Lcludo maj .use to Ims "refaaatd by reducing the ptmmcWW owes '
<br />'
<br />under the `ore or b. making a direct payment tai Boar "Wcr. IT a refitud roducm principal, the node tram will be
<br />-. 1%artial prepat rent without ant' prepat-Intut Charge under t :ttic?te..
<br />I3. E tioe Affecting Leaders Rights. is tolCtrsrcrtt tar Ct}pa'aTIM of laws has the eft, of
<br />reridenng ant pro, ision of the Note or this Sassrits' insrri:meru otienfiaregnoic 3&X4ML g roft<s tcrrlrs Leader- , at Z € ;
<br />- nu% zetl n3 inuriedlatr pa.mcni in full t>.g ail Stuns, se€_Lted 1- this, Securer, twFusirrit and may inwt', c amts'
<br />pertrtxttod by paragraph IQ if Lerlder excrctses :his tilittcai , Lender simil take the steeps spocificil in the scLund Of
<br />paragraph i
<br />- 14- - Notices. ilia% notice to Berrcm c- pro%idr :. foi m ifus St :,Mr''St' Instrument sizall be 1grVe t Lai delitcong it or #JR -
<br />misriing at nc tint class mail unless applicable law re tres use of Another The ;five s,'ca l be --hied to tha
<br />-
<br />' Property AtizirYsS m an}- other address Borrower twig ates by tit.'tice 14 Lender- Arts notice to Lender' Thad be grven by.
<br />;first ..lass nt:u= to Lenders address stated hcretn or anv i tiI[r ad3dzl s. LL rider mes hy` ntr€i a to Borrower. �Irl- -not e
<br />pitiwtg'iCV fl:r an x1225 SCCS2ri €1' insiF.rm[n? i23all bt d rsc'd 4x'. iiasr ja YY.R. }sue Is Bi- rRIIiw+L or it3Pi'ICr ii h-. given ,a tt.,7M1'IDE'iC
<br />-
<br />.
<br />-
<br />- in tb;- l•`a''agraph - - -
<br />.
<br />- - Is,Nr'erliip8, IZN� `aeserabtiity. - Innis ['itLitr4 lriiin2_^9 €S '+L'.$i I'#e t'v'fi8t. ^Yt1 f-% federal mil and the iaY tl3i
<br />-
<br />y'Uni- d' ticm }:i which the Property is #.seated -. in thr.ewent that any arc +.'ts=.?it tar' c. #2SC e]t € 3T "!t?C::. ^.tti Instrument' or ;he -
<br />-
<br />Ncne 'tn1licts with applicable law- strain :'onfticz s taS, r;l't :affect .-4he" 'SO-unq Inv.rumem or the Nate
<br />.-
<br />.. whtch can ate ewer e&ct without the . infli vnz pr��atsxztt. Tc'� t:"-t! Erti3 ?ile precrSArtrta" .7 ';.'tie �C` arid' in'S:rtin3[ru 3Pr: ahe'
<br />-
<br />- Nmc air �kclaredwlie sre-v able - - - -
<br />-
<br />Ib. Borraw'er s Copy, Borrower s!°.atP ne gr,en C,° S c :tar N; rc and ,xf lies securite lrsirume^s
<br />1r':nsfer of the Property" sir a Beaefieial Ieterest in Borrower- tI a ,+ ,r any par :tae P <tspe> €; or am,.
<br />Iriere».- {semis said er traasferted: <r zfa L -ti> si :€€te- eat -u. I3.:ar°}-we* s€: � t:.� :&:dams. .ts,,a.a r atU. -al .
<br />.
<br />pcm --m i --iih. n Lender s pri^r written c rsec t, L f- „a., at Us �Vtir s}, sequin sir mediate p�,: mert in tul oIr a=; snail,
<br />secured to this Secuntt instrument. Howner- this optxon shall ncxi be e.ercised by Lender if °SCt'Cise is probib` -zed fbn
<br />-
<br />federa; laav as 4the date of this Secunt%' Instrument
<br />It Lender elkercn cs this f- Titan, Lender shall Bile Horrttwc: £ltt[Y C]t aceeieraitc?n Tlir »'ft'ifcY shall.pro .0 a period
<br />-
<br />of ^t t less than 30 lay s from the "elate the notice .s interred or {matted w3Fli t-' w Inch Borrower mount pay all sums secured by
<br />this 5e unit i ln>trun sits If He tails to piijt these sums prior to the ;xptratuon t-f this pertcxt. - _ender trail tntok[ arty
<br />remedies. permitted b,. this Secuntw Instrument without further notice ^}t derriand on SC T awer.
<br />IS; Borrowers Right to Reinstate, If BorT —er meets certain condittorts, llorrow'�— shall have the right it bate
<br />rnfarcrincitt of ihi5 Security Instrument discor imbed at anti- rarrle prior Ir the contour 24. tat 5 iiys i-0 ±r such crthtr period as
<br />appiI tilt !aw max irxetft ?t "er retn]IatEttien{ l before i31a;' t the Prtil+[ tt' ^- tshuar#'s i4' -..n) ;X we t�l 'Sd7e tityt9- jI rt"d tI? fl'i$t•
<br />ln,trurnrnt :, sir (-bt enir\ of a ud,.^x,tT'C'.: r iorcin� t it1 Se --`11i l ?aTFu'nf^trr' ll' It i_..,il t:lns dire that fkrrc:wer. -
<br />-
<br />1 pad; LeTroYr a3} �umi ui tt:h them w�tald f*e Luc -tr this a± lno. .. mi oin,f the ;v«_,te 2i3e: r i a,cc£Er'a?tf=r
<br />-av'+: Xm°A {'7'z t1 .t fi 4Etanti • -.t list -'Ft nE C "arR4y t attF4 Y di S:- C'3C h-+'. .Tf
<br />t 31`rC
<br />- i d 'J' a-s �. 1611:h 3 [ it.
<br />vi of Na LL2tf 1-INIF fi iI, l.xi44r ?t t. P,—f..-Tit 1t
<br />
|