|
r
<br />L
<br />85-- 003965
<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 file requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. laspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages. director consequential, in connection with
<br />any conderntwtion or other taking of any part of the Property. or for conveyance in lieu of condemnation, are hereby
<br />assigned and shalt be, paid to Lender.
<br />In the c%cnt of a total taking of the Property. the proceeds shall he applied to the sums secured by this Security
<br />Imtrunient. whether or not then due. wfth any e.scess paid to Borrower. in the event of a partial taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing, the suns secured by this Security Instrument ,hail he reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking. do tdcd hs (111 the fair market caluc of the Property immediately before the taking. Any balance shall he
<br />paid to Borrower
<br />If the Properly Is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor oflers to
<br />make an award or settic a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />grvcn. Lentl::r its authorized to collect and apply the proceeds, at its option, either ill restoration or repair of the Property or
<br />to file sumo secured h% tilts 3ccurit% Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing. any application of-proceeds to principal shall not extend or
<br />pco%tpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of bite sums secured by this Security Insfrornent granted by Lender to any successor in
<br />ttit:re%t of Borrower shall not operate to release the liability of the anginal Borrower or &ortowcr's successors in interest.
<br />Lender shall not he required to comincncc proceedings against any successor in Interest or refuse to extend time for
<br />payment or otherwtw muddy amortization of the suns secured by this Security Instrument by reason of auy demand made
<br />by the original Borrower or Borrower's %ucee%strs tit interest. Any fonccarance he Lender In cxerci%fng any right or remedy
<br />shalt not he a wancr of or preclude the exercis: of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several liability; Co- signers. The co%enant, and agreements of
<br />ihr% Sccurn% Instrument shall hind and benefit the iuccessor, and assigns of Lender and Borrower• stibieci to floc pro%isions
<br />of paragraph 17 Borrower's co%viianis and agrecnient% shall he joint and se%eral. Any Borrower who ao -sigru this Security
<br />Insiruinetn but does not exccute the Nole (,if is co- signing this Securny Instrument ofily io rriortgage, grant and convey
<br />thet li orr0wer'% interest In the Pr pert% uctict the term, of tills Sc.ur:)y In,trumer,t f hi :, not per%onaliy obligated to pay
<br />the sums wk;urtd by thh Sccunt% in,trurncnt, sod t: ) agtccs that I Crider Jlld ari% Other Borrower may agree to extend.
<br />rtit,fl fort+rar nr make• any a.:nninlod ouon, with rcgarl try the terms of fhls Security I11,trunicnt ur the Note without
<br />that B+•rro,wcr'%comenr
<br />12. loan Charges. If the loan se: urcd by thi, Sect;. rt% In,); umcet I, ,ahlert ill a lJw wilt; h %0th n,axununi Irian
<br />charge,, and that law finally mterprc!,d %,. t}lat file rrltt^est :q othrf !<:an har_r, " llc%rrd :,r t:+ he ,nllr:trtt t.•
<br />umn.e711+n wI!h lite h,an cx,eed tilt. 1xrnulled limn,. then (a) .Ins ,11,1. i..:n .herf:• •.!:.lit roc :rd u.rt! h% file wl "wir
<br />nrressar% to reduce the charge to the petmlrted hoot, and th! ally %urn ahcady collected fnonn lforrout•t %%h,ch cxcecdcd
<br />perfivired Itrmt% will he refunded t„ Ki rr:owcr Lender may hr %c !„ in.,ke !hl, r:funit hti reducing the prm, p:d ,owed
<br />undts the \r.tc,•r by inaknr a d7rc +.f pacrncru t1,, li,orr,wrr It a rc'feind redurc, pr,nr7pal. the red u:tt„n well ?k• lrcated a1 a
<br />partial prepay tncnt w,tholit any pr j'iW -1 •nl Charge unticr floc \nit.
<br />13. l.rgislation :Affecting I.cndcr'% Rights. It elm"rncnl .'•r r p1f:,Cr.n •,f :fl,ph: lb1c low% ha, ff!e clirrt 14
<br />render trig :in% pr.%I,wn,` tic• \safes thi, sc•:alrlr% limninwitt tinvill or".al'I:', ::.,:'fti; a +� 1:' 11, iCl tt7,, l ,97dc1..11 II%npltt lti.
<br />stay reginrt• timm -shale p- wflenf If,. full „f ell ,tans serutcd h% !fit, tie:tlrt% ln,t.umcn! and n7:n ur%I,ke any rcmrdtc%
<br />pctrri+lied by paragraph !`c 11 Lelt&r ex, nf,e% tilt, ,,pr:ul. 1 c•ntiC1 ,hall lake the 1: ep, ,perl lied In the sec: lod Ism agraph r,t
<br />partgr.,ph 1'
<br />14. \utiees. Ali% wot,c to li„rr,wcr pr <x: :,1 for 1: rh7. Sc, unit 111%trlrricitr ,F:all he V!.rn m dell%con,, o I r by
<br />rnalllnh it by Its! .lass Inall uuie%, apph:ahlc !aw Iequitcs use , .un,rt!ct nic•Ihlod 1 he nr:tl c ,ha;i be ,flre,'Ird tr the
<br />Properly Address for my other addres% Ii ,rr,wcr de %Agnate, by n.a1:e To l Crider 1uy motl:c• lo Len,fer %11.lil t.1,• Lt%1,n by
<br />first 61.11% ilia] I it, I ender', addre,%%iated herein of any ,•l Fact .i,ldres, I ender dc,l.natc, i's r-ffcc lI P-1—c! An% n'ar e
<br />pnrsrded for tit this Sr only Instrunnr.nl ,ha'sl ioc dren and t1,, ha%c lk 1,n .non 1fi,rt, +w::r tie I ender %011,11 ten a, ptu.Idcd
<br />to 1111% paragraph.
<br />1.4. Goterning I.aw►; St•verabi}ity. I his Svc ur:,% Itl,trunl< nt ,hall t.r .•,•I l frwd f,% Ic,h nl! :.tot .Ind the low ! 7hc
<br />yurl,di.tton In which file Pr pert•, a lo, amcd !r! the Ocnt that an; pr.111.I +m Il , [iris : I !hl, Sc,un7y 111,o,:nlclll r Illy
<br />Note:011111cl" with appl—lble law. ,u:Il ro nfll:t ,hall 71;,t affect ,,the! pn,.1,I,,r:,'I! till, tic' lintI, \.,!,
<br />which 1,.m }1 Nisen efTr:t wnh,vtl Ill;: ofilb,ttng pr, %I'l on 1 n till, end the pn,.7,: In :f Ili„ Sr.uruti Ira.Ituu,;ru7 ,Ili'! Ow
<br />�or!t' JPC dr6l:ired lr+ Fk' wi of ahlc
<br />16. 1lnrrulvet'sCttpy, F4;,rr,rwershalihck,I.en mc,_.!Oo!mvd,opy 111;.1 \!.,,r,,1 dtlm�c,:ln:.lnarulucnl
<br />17. Transfer of the Property ur a Bencticial Interesl in Borrimer. If -ill I I .u;, pate ,0 1hr I'n,pril. u.y
<br />trlte(est iii ii is u,ld t.,t iran,,frirvd tnr t1 a htrncti.'tal interc!,I ui ltc,rruw,•; n v,ld ,n transtirtr%f .Intl li.,rr�wtt :, r'It a m+1ut. +l
<br />pCrs,n) wuhout Lcildct.., p:t:u wrnfcn : 114wrlt, I.cli0el ln.i 11 :t, ,;trsl, its),, ...,r�lL.,•r 1'a % ^.ir•u n. !;.:. .t .Ill ,.::71,
<br />incurs +.1 by tilt, 5ciurrl% Enstttnnrrlt HONAC%cr. !hi, opiwn .11.111 I, •t !s ;•,c., , .: I <,,.1c, :! c%r7,a,r I, ; ,•,:7:hnr.i 1•i
<br />firdcrailawe snt file dmcof!hl,Sc•:unty Irstrarnicnt
<br />IfIc •ndcf'Cxcr6tw %tFit %option.I. crick rshallgoV li, Irl,Iwc!11•'ft•c:,t:a,r!_7un:;7 1hr 1::U,.c,11,11! pi, '.id, apc:Od
<br />„f rust t1,.% t }um 10da%, from the deFe the noh:e 1%dell%vlvd •,r niatic,! %%tihni will. h li''! I ='%%: I 1111"1 l,,r% li! ,am, It, u1 rd h%
<br />thi, Sesurry In%riunient 11 KirrI,%kC1 fail, to pay theft- ,;tins pr•r 1 � 7hc : %pti.,r:.:,1 „! rill, ; .: r„0 1 I lid, I 771,1% 1n,,,kr.w
<br />rerttcdlc %perntntCtlhy thisseeurs!y in%trunicnl without further nitkc"f demand =a, I1 ur.•wc7
<br />111. Horroitil Right to Rtiaslate. 11 Il,ormwcr rnecl%,cllam ,Ondlr, •I,. Ib„?.:wrr •.hail 11.1% r 1l,c rlehl 1 ha,.:
<br />r'ryfUrt,t trig. "II ,of thl" "scum% In <trullivill disc,-lit mucd al mi% Ir1w f1twt 11,' .'!tt• 1.17hV! 'f r „t 1.1., I ,la le •Iftl'1 1k'1 1, •d .1,
<br />Jppllaahit taw 7rla% ,lxcfty !,It nur,talrnrtnt) t0llft' %_dc'd Ill:- 1'7:'11 71, III :11 t.i t1;1•
<br />s:.�ar,Iy 111 %tnllnrfst '•r li.r entr% .d a ;,:dgn%cnt rnf;n,u:w !hI ti Lt „rar7,::II 11:..,, , L1'Ifl'll, .o= 01.4:
<br />1a7 Fsay, l VNitf all 11011+ r%hieh 1111-11 IA "old VV: d.11 . nm;rt Ili„ ♦:>,un'. 11:,1 W I)'!'; ;Pte \. -- 11.1.1
<br />0. UFi et) I'lliel �l 3}tl'•t'77.t I:I, ..' I`.I% , -Ili �. lt� +'II,, ". {I1, :1!,"lt
<br />ei- lF„1hRl C7Yf. u.;thhY1 @° , \ti i.:a !mw7?•,! 1'. f'3t. II1IJ:R '., IP. d !1 ! 4,. L I:. 'i. 1 1 ,,1.
<br />!. n,.. utlf!. 111,41 Ile,: ,1,'11 Ihl, <•.,Il!tV 11,111117•. „I Cif., ., ..,. I'1 I '. I.,,i !t• It• ,,..
<br />
|