|
$6- 100914
<br />If Lender required mortgage Insurance as a condition of staking the loan scored by this Security Instrument.
<br />I
<br />M,rrowcr shall pay the premiums required to maintain the insurance in elect until sucli time as the requirement for the
<br />insurance terminates in accordance with Borrower's and tender's written agreement or applicable law.
<br />entries upon and inspections of the Property. Lender
<br />S. inspection. Lender or its agent may make reasonable
<br />Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />shall give
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any part of the Property. or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender
<br />In the event of it total taking of the Property, the proceeds shall be applied to the sums securer{ by this Security
<br />Instrument. whether or not them due, with any excess paid to Borrower. in the event of a partial taking of the Property,
<br />Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />unless
<br />the amount of the pmeceds multiplied by the following fraction: (a) the total amount of rile surns secured immediately
<br />be
<br />before the taking. divided by (blithe fair market value of the Property immediately before the taking. Any balance shall
<br />paid to Borrower
<br />If the Property is abandoned b% Borrower, or if, after notice by Lender to Borrower that the condemnor offers w
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree m writing, any application of proceeds to principal shall not extend or
<br />the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />postpone
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the suns secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall :tot operate to release the liability of the origmal Borrower or Borrower's successors tit interest.
<br />Lender shall not he required to commence proceedings against any successor in interest or refuse to extend time for
<br />demand made
<br />or otherwise modify amortization of the sums secured by this Security instrument by reason of any
<br />payment
<br />by the original Borrower or Borrower's successors in interest. Any forhearance be Lender in cxrrcising any right or remedy
<br />not be a waiver of or preclude the exercise of any right or remedy.
<br />shall
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The cotenants and agreements of
<br />this Security Instrument shall hind and benefit the successors and assigns of I.cnder and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower w hit co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only I, mortgage. grant and convey
<br />that Borrower's interest in the Propene under the terns of this Security instrument. t h) is nor personal}\ obligated to pay
<br />the secured by this Security Instrument: and (c) agrees that Lender and auy other Borrower may agree to extend.
<br />sums
<br />modify, forbear or make any accommodations with regard to the terns of tilts Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. if the loan secured by this Security instrument i, subject to :f law v\ high sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or io he collected in
<br />connection with the Iran exceed the permitted limits. then (a) any wch loan ,harce .hall he reduced by she airtnunt
<br />from Borrower \v hi l exceeded
<br />necessary to reduce the charge to the permitted limit: and (h) any- sums already collected
<br />by Cite owed
<br />permitted limits will be refunded to Borrower Lender may choose to, make this rcliind reducing Principal
<br />will he treated as a
<br />under the time or by making a direct payment io Borrower if a refund reduces Principal, the reduction
<br />partial prepayment without any prepayment charge under the Note
<br />law's has the effect of
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable
<br />rendering any provision of the \"ate or this Security lnstrument unenforceahlc according to its terms. Lender. ill its option.
<br />may require immediate payment tit full of all sums secured by this Security Instrument and may smoke ally remedies
<br />permitted by paragraph 14 If Ixnder exercises this option. Lender shall take the steps specdied in the second paragraph of
<br />paragraph 17.
<br />Borrower for ill this Secunn Instrument shall he given by delivering r, or by
<br />14. Notices. Any notice to provided
<br />mailing tit by first class mail unless applsabk law requires use of another method. file notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address t ender designates by notice u, Flevrruwcr Arty notice
<br />provided for in this Security Instrument shall be deemed to have been gi\cn trf Borrower or Lender when given as provided
<br />in this paragraph.
<br />IS. Governing Law; Severability. This Sccurtty Instrurent shall he governed by federal I;mv' end Hie 1:aw of the
<br />Jurisdiction in which the Property is located. In the event that any protisurt rlr clause of ihts Securnx lnstrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisni,ns of this `;ecurny Insert :nient or the Note
<br />which can he given effect without the conflicting p!mision. To this end the prf,visufns of this Sccurlly Instrument and the
<br />Note are diec:laied to he severable.
<br />16. Borrower's Copy. Borrower shall he gieer. fine contlirmed campy nl the Nolc and of this Securny Instnnncilt.
<br />17. Transfer of the Property or a Beneficial interest in Borrower. If all or ant part r,I the Prgrrrty or anc
<br />interest to it a sell or transferred (err ifa benctiaal merest in Burrlwer 1s .fill ter trun,fcrrcei and 131,rr'l1wCr Is n,a a natural
<br />without Lender's prior written consent, Lender may, at its option. require Immediate payment to fall of suns
<br />person
<br />secured by this Security lnstrument However, this option shall not he c\ciclsed h'. Lender it cserctse s rn,ll, It I,c
<br />federal taw as of rile date of this Security. Instrument.
<br />if Lender exercises this ":piton, Lender shall give Borrower nonce of acce1crauon [ he nl,itre shall prat Ile ;+ penal
<br />of not less than {Odays from the date the notice is delivered or ntaded wnhm whirl! 140"1.1 r :lust pay Lill `.stns secured h}
<br />this Security Instrumeut. It' Borrower fails to pay these sums prior to the cvpirattc n of /ho. prrv, ;J, I rndrr !nay un„kc ant
<br />remedies permuted by the Secuntc Lnstrument without further noticc or dcrnand on Rllrrnwr!
<br />1$. Borrower's Right to Reinstate. If Borrower netts cetlillli I r thnl +u, B Irrnvc halo ` tit the hobo t `have
<br />enforcement of this Sec it !y instrumen! dis onnnued at any have Prior r t : h<: Bert r ,I te) +} , "r u l 'lilt r
<br />'iPpli:ahi *_ 1Aw InjY ,Ix iiv lor r• lnsl fl tie U) before salt rt the E r [rent rursu,f 1 t l .tot I . tit ,I Ile
<br />c Ur6ty iststrurncu! r1! (r'I ..n I'. 1 J iudc1li. ill olf, 1' ill[`, this `t 11714 I. r...ull t ?f. ^sit iN.,ns re "Al li l,,tt
<br />igf f a N i trifler :911 Ml Trig w!,Ml t i w'i't.ld he it'S Milder Oily \etilr I\ Ir. Sr all tilt it .i lid I {. ` ;t h :lit I.1 f i.lt'1.111 11
<br />f 111•.
<br />t'�`•
<br />all' f 1aUtl l '\ !}i'r 11 t'77a 111'+ '1 .f b.i enitltls I 1 I -1• all . \11".111.1 : ill, '.Ii I III12
<br />l
<br />�l
<br />I'..'
<br />rca +. 4f''i.h •_ ..•. .. ti r,: Il.di z is �.... �' 1 },l, St:111 �' 1.Iti�. lon'.n 1 1,:'. Ikr•� II I. I'•
<br />`�
<br />*'h„
<br />±,1I t, . ee !ii. •n s ... v;l l v `,r.:ru, Iv .r cl;• .`� � t• .0 til,.rf 1; ,. 1 n ... I
<br />t(•. *, t. 711.'. 1'4` i.1. ... ..., i... 1 ... . :: :. •..
<br />I :• F{ ., !: rise .,, l•.II 1 { L ..t ..1 -!� I , ..
<br />pt
<br />_
<br />
|