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<br />84 - 006451 <br /> <br />r <br /> <br />If Lcnder required mortgage insurance as a condition of making the loan secured by this Security Instrument. <br />Borftlwer shall pay the premiums required to mamtain the insurance in effect until such lime as the requirement for the <br />insurance terminates in accordance with Borrower's and Lender's written agl'l:emenl or applicable law, <br />II. laspeetioa. Lender or ih agent may make reasonable entries upon and inspections of the Propeny, ~ <br />shail Jiv'e ~'er ootice at the time of or prior 10 lift inspection specifyil1l reasonable cause for dIe~>.ii:;ii". <br />9, C~tioa. The proceeds of an)' award or claim for damages. direct or comequential, in connection With <br />any condemllllllon or other takir.g of any part of the Propeny, or for conveyance in lieu of condemnation. areltereby <br />assigned and snail be paid 10 Lender. <br />In the en:nt of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security <br />Instrument. whether or not then due, with any excess paid to Borrower, In the event of a panialtakil1l of the Property, <br />unles!> Dorrower and Lender otherwise agree in writing. the sums secured by this Security Instrument $haH ....~by <br />lhe amoun! of the proceeds multiplied by Ihe following fraction: (Il) the total amoWlt of the sums secured immediat:dy <br />before lhe laking. divided by (b) the fair market value of Ihe Propeny immediately before the takil1l' Any baIaace shaH be <br />paid to Borrower. <br />If the Properly IS abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor ot'en to <br />make an award or !.ell Ie a dum for damages, Borrower fails to respond to Lender witkin 30 days after me date die notice is <br />given, Lender is authorized 10 collect and apply the proceeds, at its option, either to restorntion Of' repa1r ofdle Property or <br />to the sums se-.:ured by this Security Ins!rumenl. whether or not then due. <br />Unless Lender and Borrower otherwise agree in writing. any applicalioJo of proceeds to principal sIWl DOt ....or <br />postpone the due rate of I he monlhly payments referred tn in paragraphs land 2 or change the amount of wdI pa~ <br />10. Borrower Sot Released: Forbeanmce By Lt'I!der Sot a WaiVef'. Extension of the time fer pa)-ment or <br />modIficatIon of amonlzation of the ,urns "ecured by thIS Security Instrument granled by Lender to auy !NCCClIIOf in <br />IllterC'>t of Borrower ,hall not operate 10 release the liability of the onginal Borrower or Borrower', SUCCelMOn in i~. <br />Lcooer ,11....1 not be re'qulred to wmmenee proceedings against any successor in interest or refuse to extend time for <br />payment or otherwl'oC modify amOrHZ.iltlOn of 1 he sums secured by this Security Instrument by fClIliOfl of any demI&Dd made <br />b,' . h.. nrif;nat. &...."......r "I &"01.''''''' 'U<''''<'SliO''' in interesl. An\' forbearance bv Lender in exerci<lin~ any ridlt or ~ <br />'>hall not be II waiver of or preclude the exercise of any right or remedy. <br />1 I. ~ ami Assips Bouad; Jeiot ami Several Lialtitity: Co-tipers. The covenants and ~of <br />this Secunty InMrument '>hall bmd and benefillhe successors and asslgns of Lender and Borrower, subject to the provisiom <br />of paragraph 17, Borrowel\ covenants and agreemenls shall be Joint and several. Any Borrower who co-sips tl1isSol:1lrity <br />Instrument but d~ not e,ecule the Note: (a) IS co.signing this Security Instrument only to mongage. grant and COlIVC)' <br />thai Borrower'" Illteresllll the Property' under the terms of this Security Instrument: (bl is not personally ob:lipted to pay <br />the sums ",,-'ured !>y this Secumy Instrumenl: and (c) agrees that Lender and any other Borrower may agree to extmd, <br />modify. forbear or make any accommodallons ....lIh regard 10 the lerms of Ihis Secunty Instrument or the Note without <br />that Borrower\ (',onsenl. <br />12. L_ ~ Iflhe loan ~'ured by lhis Security Instrument is subject to a law which sets maUmwn loim <br />charg.:s, and that law is finally ITIlerpreled so that ihe interest or other loan charges coiiected or to be ~ in <br />nmnecllon with the loan nceed the permitted limits. then: (a) any such loan charge shall be reduced by the amotlftt <br />l1ect.~SiUY I{> reduce the ('harr;e In the permItted limn: and (b) any sums already collected from Borrower which ex~ <br />permrtted limns will he refunded 1(1 Horrower Lender may ch,'l<)sc to make this refund by reducing the priucipal owed <br />under the NoIe or by makml[t a direct payment to Bnrrower. If a refund reduces principal, Ihe reduction wiM bett'lilllted as_ <br />parlUll prepA)'ment WII!lOUlllllji prepll}melll charge under the Note. <br />U. I~ "trectilltl 1.eMer" Riahh. If enactment or expiration of applICable laws has the dilcl of <br />h;,,:.rmg an} pro~"I(ln of the )\,iOtl: or IhlS SecUTll} Instrument unenforc.eable accordinr; to ils terms, Lender, at its option. <br />mllY reqlAlre Immedlllte P".'ID<'nt m full of llJl sums 'oCCured by lhls x-curity Instrument and may' mvolte lift)' ~ <br />permilted by I'lIragfllph ]'1 If I,cnder e~erCISCl> till" "pllOll, Lender shall tllke thes!eps specified In the ~ pa.... of <br />puagraph 17 <br />14, 'utica. "il\ "otKC 1(, Bono....er !,,,w,,led for III thIs Secunty Instrument shall be given by deli~-eri. it or by <br />rmullflg u by lir~t Clil~" mall un~es" apphc.ltbJe law rCl.jUlft."S Ul>C of another method, The nolK:e shall be dUecled to the <br />Property Addres. or an) olher addrel>s Borrower delo1ilrnatcs by notICe llJ Lender. AllY IlOllce to Lender ~ he s.i- by <br />tiT1>t cu."" ffill.lllO Lender's address .Iated herem 01 an} .-.aher address Lender dt."Slgmue. by notK:e to Borrower, An)' not.K:e <br />i'f(l~ided tor 111 till, ~c\lnty In.trumelll ,hall be deemed 10 luI\c been gl\'l.'n to Borrower (Jf Lender ",hen glV'ctJ D prU%~ <br />m tillS paragraph. <br />15. Go~ La..: SC!~<<_lit). nus SeI:Uflt.~ In,tfumenl shall hc ll'''l:'rned by f,"tIeral Jaw and the Illy, of rhe <br />Jurisdiction in whIch the Properly IS lo,:aled. in the evcnt that any pro~isll'l\ or d,m:" ill' thIS ~o:umy Instrumeut Of the <br />)\,iole conflicts wllh appl'l'llble lay" such L',ml'het shalln"l atl'C\:1 olher Pf(l\!Slons of IhlS s<'-.:Urlly Instrument nf the Note <br />whICh C<lf! be flUven dfe<.:t Wllhout rhe coufhcHng rrov;"on 1'0 tillS end fhl:' rrmlsions of tIns S-,.'unty Instrumel1l and rhe <br />~ole arc declared to be s.;\erab1c. <br />16. Bm-ruttCf" COllY. liormy,cr shall he gIVen on<: ,..nti.'rmeJ ""1') "I' ,h... ~i1le ,md "ftlt:s S,'Cunh Instmment <br />17. Tl'llMler of tlte Property Of' II IJellefkiaJ Imen"St ill Borrower, If "II "1 ;my pan of the Propeny or <br />Inl,er""l III it ',s.old ,'r tramferrcd (or If a hendinlll mIen,,! III !illrrower IS solJ III tr.wsfrm'd ;H1~j B"noy,rr 's flol <I <br />ptr""fli wlthouI L\.'llder'" pnor ~lf.tlen l'ilfl....lII. LClIder may, all" "I'tlon, "<:qUlr.. IInl1ll'dlak r~ymenll1l fuli o( "II ~lJms <br />..eeurcd by rill, Se.,'Uflly Instrllment Uowe\e!. IhlS ,'plI"ll ,hall 11"1 he "'<:H'lst'd b, I ,'"der If "','rns" " p,,,t,,hlll'd hv <br />feder..llaw "~lJfthedafe,'fflll,Se,'unh lu;,trumerll <br />HI rfHkr "~el<;lse~ IhlS ,;plIO\lI,I.cnJer shall g1\e Burro"..., n. 'lIc" "I' a,,'d,'r,III"H I ht lh,rkC ,h~n 1" ,,, "k " 1'<'110..1 <br />('1' 0'" Ie", than ~(j d,,~s from I h., did" the 00/1',' "del" CIt'l1 "r nt,ukd wlih", "Iud, 11,',,1<'""" lillI" pa' ,,11 'olin'.' ..""ll ",1 h, <br />1111' "il":\JnlY In,UUIllCllI If' limwwt~r fails t" 1M:. th,,,,,' sums I'llnl t.. rhe \'\1'11 ;111011 "I rhl' J~~I !l'd. I dllkl '11." Ill" ,~" "I\~ <br />1,'m,:dH::" permll1ed hy 1111' !'Iu:tll'lI y Instrllll1..nl ""huut fUll hel ''''11\,<' "I ,km"",J nil BOll' ,,,,'I <br />Ut BotfO".'." RiP1 to' Rt'1n1ftate. 1f UilHP\\l->r 01('1;,'" I,.TrtalU ~p"llltlnn", BOOtl"!,;'T ,h:ilil h,nt: ih~. !1~dllllJ h.Hi: <br />cnf~~rLelH't'fH i.,flh!" Se-t'urH) In~1nHn<:nt d''1ounHIHUet1 h11.HI) ~!nH,' prHl\' t,llilt t',HII~'f I\i l.t; '" ,t.1~" (lH ....ih.~J l.l,hrl P'("H~' ;~'" <br />Iii'" Hl,}JI; "p't't..-tf~ for rt~ln...taf(,'fll(~Ht~ t'}{'fnt't I,,~~k of fh,,' l'nlr...,'H~ pur...tLU1Il', .lll~ I',.'\'ql "r"'_.Alc "lnL.Hh'd 1h" <br />I n:..trurnerll, I"rth'('lllf')" ,d'.i~Judp;HH"fH t'-nh\rt'Hlif 1'11"'- St:~,\Jl!l~ In'-,lt1Jltll.'lil lh:,._1.' '- ~lldl'l;\!1" AI,' rhj_d Hllfi\ Vt,'l <br />(;;H I ('n;J(f <~n '~iHn'" \-\hit;h rhf.'H \\t1i..t1d ~'II;' due undu dll'" Sn.HO'.. In'',1tullk1\1 _lHd 1 "'llr ~,,, jl:i1 <br />\,H1ed ihj ';I.tl} dt'f;lull nt ;:iHj il1ht."'Y i.!'\tllIi!Hh I; "tgn't:'Hlt'H~~, \\ I i'd\'\ Il-ll'" <br />lfhfrUHI'('!l! hut Il.,ll l:1I111,:.J I',' il.:.;,.....l)fl;,tbk ,~l~j.\rnt\...' t':'j"'_ ','11,;'. I "lid. I 1'1;1', <br />ft:~'~'n.i4bi~ Ow "I !tl!l.., "'.e"UTlf! ill\\!liHH't11' ~ ','HiLl <br />\tllll', Uf'i.'il ~'l\, !In:" '{:f,Ufll\ Ifl\~rl.l\'nt'rll~hi*IJ <br />H01hl14'_'f tqrjH,'1.'1 Alld ~h( .hl!t?",I,1,iHH!". h'I,'h~. <br />n~'! '!~'i\h ihl <br /> <br /> <br /> <br /> <br /> <br />