|
rIf
<br />Lender required mortgage msurancr as s •:,ndttian of making the loan secured ht !tits SCCLirt s Instrument.
<br />it crane in effczi artil such time as the requir.mert far the
<br />Borrower shall pay the Premiums required maintain the
<br />in with Bo rower's and Lenders written agree-ern- or applicable law .
<br />insurance terminates accordance
<br />*rasonable entries upon and Inspections af'the Frnpern. Lrndei
<br />t!. inspection. Linder or its agent may make
<br />reastmable cause for be Inspection.
<br />shall gave Borrower notice at the time of or prim to an inspection cpecifytng
<br />direct for consequential, in connection w tth
<br />4. Condemnation. The proceeds of any award or claim for iamages,
<br />lit lieu of condemnation, are hereby
<br />or other taking of any pan of the Property. ar for conveyance
<br />any condemnation
<br />assigned and shall be paid to finder.
<br />be ap.)bed to the sums secured by this Secunn
<br />In the event or a total taking of the Property, the prveee : :� shall
<br />not then due. with any excess paid to &r.rower. 1n the evert i,1 a partial taking of the Prop rty.
<br />by
<br />Instrument, whether or
<br />in the suit, secured by this Security Instrument shall br reduced
<br />unless Borrower and Lender otherwise agree writing•
<br />by the following fraction' tat the total amount of the gums secured tmmrdiatei,'.
<br />the amount of the proceeds multiplied
<br />fair value of the Property := Imrdiatel\ hefc,re the ta4 :rg. Any ra ;ante shall n.
<br />before the taking, divided by ibl the market
<br />paid on Borrower.
<br />Propem is abandoned by Borrower. ar if, after nonce by Lender to Borrower that the condemnor offers, ;<:
<br />is
<br />If the
<br />claim for damages, Borrower fails to. respond ic, Lender wiihm 3D days after the date the nonce
<br />make an award or settle a
<br />Lender is suihorized to collect and apply the Proceeds. at its option. either to restoration or repair of the Property or
<br />given.
<br />to the sums secured by this Securnv instrument, whether or not then due.
<br />of to principal shall oat extend ar
<br />Unless Lender and Harrower otherwise agree in writing. any application proceeds
<br />7 and ? or change the amount Of such Payments.
<br />postpone the due date of the monthly payments referred to in paragraphs
<br />$y Lender Not a Waiver. Extension of the time for payment (it
<br />10. Borrower Not Released; Forbearance
<br />by this Security Instrument granted by Lender to ary successor in
<br />modification of amortization of the sums secured
<br />operate to release the liability of the anginal Borrower or Borrowers successors !n interest.
<br />far
<br />interest of Borrower shall not
<br />Lender shall not he required to comm -net proceedings against any successor in interest ar refuse to extend time
<br />by reason of any demand made
<br />payment ar otherw'iw. modify amortization of the sums secured by this Security Instrument
<br />hr Lender in exerctstng any nahi or remedy
<br />by the original Borrower or Borrower's successors in interest. Any forbearance
<br />;hall not be a waiver Of OT preclude the exercise of any right or remedy.
<br />Joint and Several Liability; Co- signers. The covenants and agreement, Of
<br />11. Successors and Assigns Boitrndt
<br />of Lender and Borrower subject t , t lie ; soy isiiina
<br />this Security Instrument shall bind and benefit the successors and assigns
<br />he joint and several. Am' Borrower who co -signs this Securtry
<br />of paragraph 1 ?. Borrower's cncmants and agreements shall
<br />this Security Instrument only to mortgage. grant and convey
<br />Instrument but does not execute the Note: (a) is c0- signing
<br />in Property under the terms of this Security Instrument: (h) is not Personally oh}rgated to pay
<br />that Borrow'er's interest Lhe
<br />(c) agrees that Lender and any other Borrower may agree r extend.
<br />The sums secured by this Security Instrument: and
<br />w ut
<br />ith regard to the terms of this Security Instrument or the `vote A thc+
<br />moiify, forbear or make any accommodations
<br />that Borrow'er's consent.
<br />If loan secured b% this SecLnty Instrument is subject tc 1 :tw which sets m lxlmum boon
<br />12. Loan Charges. the
<br />that the interest or Other lam char e ollecled oI i., he collected in
<br />Charges, and that law is finally interpreted so
<br />loan the limits. then: (a) acv such ioan :harzc s } tall he reduced by the amount
<br />connection with the exceed permitted
<br />to the limit: and ( )ant sums already collet lid 'r :+rn B r�nwu which ex c'lcd
<br />necessary o reduce the charge permitted
<br />be refunded to Borrower. Lender may choose to make this ref a by reducing the principal wed
<br />permitted limits will
<br />Ira reduces principal• the reduction will he treated as a
<br />the Note or by making a direct payment tc Borrower. refund
<br />under
<br />partial prepayment without any prepayment charge under the Note.
<br />f applicable laws has the effect o
<br />If or expiration o f
<br />13. Legislation Affecting Lender's Rights. enactment
<br />Note or this Security lnstrumcnt unenforceable according to its terms. Lender. at its opuan.
<br />rendering any provision ot`the
<br />immediate payment in full of all sums secured by this Securry lnstrurnent and may uryi,ke any temedie.
<br />of
<br />may require
<br />ly If Lender exercises this option. Lender shall take the steps specified III the second paragraph
<br />Permitted by paragraph
<br />Paragraph 1'.
<br />io Borrower provided for in this Security Instrument shall be green ho delivering it nr by
<br />14. Notices. Any nonce
<br />it b% first i:lass mail unless applicable taw requires use of ani,ther ntrthad. The notice shall he directed tiI the'
<br />hr by
<br />mailing given
<br />AddreSS or any other address Borrower designates by n: +ucr u, lender. Any notice to Lender :hail
<br />Properly
<br />to L.ender's address stated herein or airy other address Lender drsignares by Honer to Bar +!wci' n 7 nod"
<br />first class mail
<br />provided for in this Security Instrument shall he deemed to have heel given to Borrower Or Lender wticn P
<br />iIT Itris paragraph.
<br />Governing Law: Severabilit�. This Se:urtty instrunit t - tial! be governed I-,\ lederttl law inci ih i tw "1 ,hr
<br />15.
<br />jurisdiction in which the Property is located In the event drat a;a. prnvtsum Or clause : f ,lus �c:urny 1 st unr_7 the
<br />Setnrlty Ins'ri n_i I (" ti NLife'
<br />tote conflicts with applicable law. such conflict shall n.It affect other pro,is)ous of th!s
<br />the of tilt, Serum} Instrument a .id the
<br />v htch can be givers effect without the conflicting pnoyi,!on To tilts cod provisions
<br />Note arc declared io be s verable.
<br />Cnpy. Harrower shall he given one ronf,rrried solo) of the tiotc and of till, Securty LuLrunt tat
<br />16. Borrower's
<br />17. Transfer of the Prop or a Beneficial Interest in Borrower. If all it any par of tilt: Proper t- or any
<br />erty
<br />mterrst in it is Sold or, transferred for if a beneficial uiterest in Borrower is sold :r transf�n ed and Bi,rraw t i n n t naturii
<br />u, oPrlt,n, rrquir: r"Imcdiaty pacmcn. .i. f .! ,,f ,u, sums
<br />rson I without Lender , nriar wnurn :urocnI, Lender mac. at
<br />Instrument However, this option shat! not h,. rse,c!sed h., Lender It CWrC!,r Is pr, ,l ;tMted h)
<br />seeuretl h.. t}sis Securtn
<br />federal law as of the date cif thu Security lnstrumcnt -
<br />Lender Borro%A -i rt )Il- Of c 'tler :elan 1 he route olio: t�rt,.,tic 1 u I„d
<br />if l-enucr cxcrc!sc, this "fiIilln, shall g!rc
<br />less than ?L; days irom tftr date Elie nonce t dehvrred 'Or riat!ed witht,t wool; 'si rr w , n i,
<br />of oat
<br />h Se:ur.ty lnstrumcnt li Boriov rr fails !o Pay th-CW sU-.Tls Poi» 1 : t u e.plranuri ti seer, at l once! . : +v 1 „ jm
<br />-urity Instrument wnhoui turthei not! e +r d etrh n a: r ld ! , 13 Irn1 ,wr
<br />K w. r h i, a
<br />n r „rred)es ptrmSS' {ed Dy ih4, l mIf
<br />n
<br />& rr wc meet, : rt i n umdln )n.
<br />18 Borrower Right to Reinstate. 0!h-,'T
<br />1 s r nent distant nuc at aM time p I o t tiot f -
<br />m ill ,
<br />+ : r o,, n „•
<br />�4
<br />L
<br />apl't 4!11 t w ma sp ill ,ta In it I li II ,:tit of till
<br />iO
<br />r1 f ne7 1 i 11111k
<br />is t1% In UrDC .” } 1 . t
<br />Tit tiiJ 7 till, 1t -l. 1x111 1 'itI ( r' (t 1 ,
<br />Uld .litl
<br />...,
<br />th•�r It.l Ill I. a�,tf Cl alt. Jt, I I 1 1 .
<br />f7,.3 -
<br />rt r I A .i!•ial
<br />11 i. I II rnll la 1,
<br />i
<br />(.1. : I': !� t1.; : {I 111,1' .... .. : I I
<br />
|