|
<br />I
<br />
<br />84 ~03094
<br />
<br />l ( !.enJt"f ft'qUHt'd mongage In...urance as a ,:ondltlon of makmg the loan s.ecured by IhlS Secunty Instrument,
<br />H,'~'.'~er "hJJj ra~ the premHlm, fequlr("'d tf\ mamfi:!1!1 {he !!1SUfanCe In effect until such lim~ as the requiremenl for the
<br />n"~J r"1 f', r: '<::rnllnah.'" In ac;,:ordam:e \\"uh Borrovrer's and Lenders wnllen agreement or applicable law
<br />H. Inspection. Lender or Jt~ agent may make reasonable entnes upon and inspections of the Properly. Lender
<br />"hJI: i1\ ~ !::i\)rro,-, <:r rH.' 1((' at the lIme of or pnor (0 an inspectIOn speclfymg reasonable cause for the inspection
<br />9 Condemna,ion. The pnxceds of any award or claim for damages, direct or consequential. in connection with
<br />.Hl\ ,'\ 'lhjefnr'l3tlOn \)T other taking of any pan of tht Property. or for con....eyance in lieu of cond~mnatlon. art hereby
<br />.J""l!mc\.1 .md "hall be paid 10 Lender
<br />lr: 'he t'\t'n! ,if J IMal taking {If the pf(\~ny. (he proceeds shall be applied 10 (he sums secured by this Security
<br />111"fU!Tit.'n' lAhc'tner lJf no! then due. \A,'lth any CJ;cess paid to Borrower. In (he e".ent of a parllal taking of the Property.
<br />.d~k.." fkrr,'\id:'"f cind Lender olner\lt'IS-e agree In \lo'ntmg. th(' sums secured by this Security Instrument shaH be reduced by
<br />~h!" ..111;.',;;\1 A 1 he- ~'rt)Ceed\ mull1plled b~ the foHo\\-'mg fractl(Hl. (a) the total amount of the sums secured immediately
<br />',<:J',',(' ,he! ..it-I!':!!, Jl\ lded by (b) [he faIr marlet value of the Property Ifnmedlately before the laking. Any balance shall be
<br />:-",Jl~ :., B,'rrU'oI,..:r .
<br />if :h;: Pr,.ipert~ I'> abandoned by Borro\lo'e'r, or If. after notice by Lender (0 Borrower that the condemnor offers lO
<br />:l"la~_ t' ~ltJ ,J \.i. ard or '\etlle a dalm fl)r damages. Borrower falls 10 respond 10 Lender ..<ithin 30 days afler the dale the notice is
<br />~l\Cn l t'nJer l~ aUlhonud 10 collecl and apply the proceeds, allts option, either to restoration or repair of the Property or
<br />((1 lh!." \um.. \t'cured by [his Secunty ln~[rumcnt. whether or not then due
<br />l' nks':l L~nde~ and Borfow~r other\lt'I5.e agree tn wf1l1ng. any application of proceeds to principal shall not extend or
<br />IX'" .,'ne ,he due date of 'he monthly payments referred to In paragraphs 1 and 2 or change lhe amount of such payments,
<br />10. Borro...r -';ot Released; Forbearance Dy Lender Sot a Waiver, Extension of the time for payment or
<br />'n,l\,jl!"h.'Jtl1)O of amortlul1Ofl of lhe sums ~e.:ur-ed b)' this Secunty Inslrument granted by under to any successOr in
<br />: n,Cit'"'>! - ,f BNfl\\it c-r ..hall not ope-rate to releas.e the habllny of the ongmal Borrower or Borrower's successors in inter.est.
<br />Lc:n.jo ,hJl! nol be required to commence proceedings against any succes.sor in mle-rest or refuse 10 extend lime, for
<br />fl.!.. mr:I~: . 'f "lher~ l~ modlfy amOnllatlOn of the sums secured by this Security Instrument by reason of any demand"made
<br />"\ ; t~o.: 'fli:I;;J: BI.Hrow~r [)r Borrow('r'') ~uccC'.:isors In Inlerest. An)' fllrbearanc( by Lender in rAerclsing any right or-remedy
<br />,i'.ll "" no.......J ~ &l'-t'r nf or preclude the e.\erCl~ of any nghl or remedy
<br />11. SucCes.sO-ni and .\ssignJ Bound; Joint ~nd Seyera! Liability; Co.signers. The covenants and agreements--of
<br />'f' '-., ">::~ ...ill \ I n"t rumen! snail bind and benefit [he succe-ssors and assigns of Lender and Borrower. subject to the-provisions
<br />; ;'_1; .Iff Jph : ~ Bljrro-.er'<, (t'l\cnanIS and agre(:'ments shall be Jom( and several. Any Borrower who co~signs this Security-
<br />:1 -"\'V"cr:! ;-'iJ! Jon no! cxe;.;ute ,de SOle' (al 1'3 t:o>\lgmng [hIS SecurHy Instrumenl only 10 mortgage, gran I and convey
<br />:."U: H. 'r r y,.r.n " lr.t~f'~1 l!1 th~ PrOf'("rlY under ihe terms of th~io Secunty in.'itrument; (b) is not pers.onaJly ob1igau:d to pay
<br />~h: ....,..j;r~\ '~l,.urC"J b) (hI) See-unt) Instrument. and (c) agreo, that Lender and any other Borrowc:r may agree tQu-tend.
<br />!'r1c...hl_" t"o.IfPcaf ur ma..c i1nj 3J.:..:urnm-odauons wuh regard to the tcrm~ of thiS Security In$Hu01-(nt or the Note witt'~t
<br />If,ji !_k\fT,"",e-r's":.l,.m'!tent
<br />1.2, l.oan L'batKe,. If the loan ).-("..:ured by thl~ S<<unty In,lrumc-nlls subJccl (0 a law which selS max.imwn.loan
<br />,h.n ~n, J!id thi!! l::s.... I" fmalty mterpreted w !hat the mterest or other loan charges collected or to be coHecced in
<br />",.'nnc...!h-'ll .....l!h !he loan c:l,c('t'd the )Xrmltted !lrmb, then: (a) any -su-,h loan charge shaH be reduced by the amount
<br />'~c'- C-"'..if\ I\., I::,Ju\.:e [he \.'hargc 10 the pcrmHled lImit, and (b) an)' sums already coUected from Borrower which exceeded
<br />;o,:rrn~:~cJ :;:!t1h \Aodl be rdunucd 10 U-o!'rO\\U Lender may ..:hoose to make this refund by reducing the principal owed
<br />~)l:~.:r th: '\.'.'!t' ~'r t>~ ma..lng a dlr~{ pa);Olt'Ht !O Borro"'er If a refund rc-du,~ pnncipal. the reduction will be lreated-as a
<br />;'.il!'.l; ['1 ;:r'.l~ ilu:nl v.llhout an) pr('paymeHI charge under the Note
<br />U L(:~I,lation >\tlectin" lknder's Ri&hts. If nUlctment Of eXpH3tlon of app-hcitbJe laws. has lhe etree( of
<br />. <:iLJr.:l ,~,oi: -.11;, rri.)~ l~lon uf the !\';O!c:'" ,If tlH') S-e~urlly In~1rum(,f11 unenfon:-eable acconlmg 10 HS terms. lender. at i(SOplion.
<br />'n.i. t:.......;i:: ,;n!1lt"Jlat~ ~la)rnr:nl m full ul Jll \UIn') ~"ur~J by thiS Secunty Instrument and may Invoke any remed,~
<br />:-~'fr':,_:',t(; ~" ;-'.H .jffaph 1'V If t ellder c;l,e:f,:r).cs. thiS opuon, Ltmit:r !l.hall take the sleps speCified in the secQ-nd paragraph of
<br />
<br />r..,H.\~I.-q:~rJ
<br />
<br />i
<br />I....
<br />
<br />l-i. 'otIC~~. >\0) r,ullt.'c tu lJorflJ\ltCf pro'dded fOf In this. Se\.:urtty Inslrum.:nt ihall be gwen by de-hverln8 it or-by
<br />11_11'~ h~ !lf~l ...-ia':\,> mall lHlj~ applJcable la..- requHes u~c of another method. The notice shall be directed to the
<br />Pr,T>t..rh .\Uuf'O'> ..JI an) uther addn.~!t, Borrower desl&nat~ by nonce to Lender. Any nOlke 10 Lender shan be given by
<br />t!f\! ,\.J."" nl.Jl~ to L('n-J~r'" addr~s. sHited herein or an~ other address, lender de$lgnates by notice (0 Borrower. Any- notice
<br />;'k\ (J("J l.\f In :tw. Seeunt)' ImHument ),ha1J be deemed to have: been given 1O Borrower o'r Lender when gi....en as provided
<br />;:l lLi' p~\.r.~~f,jf)h
<br />IS. Go~crninlill..a..; Se\o'e-rabilit). rhl:. S<<Ufl!) In~lrument shaH be go....c:rncd by federal law and the law oftht
<br />;,Jf,...JI..(l\'n :r; .....hh.:h the Propeny I') hxaled, In !ht:'" e'rcnt thai any pro\-lslon or clause of (hiS Secunty Instrum~nt or the
<br />,,~,\t' ~. 'nt11...:\ \.\, IIh apphcabk la\lo, ')uch \.:\.mfhcl !lohal1 not affect other prO"dS100S of thiS Sec-unly Instrument or rhe Note
<br />,>\;)1,1. <oJL "I.: ~.l'.~n ,,1fed ""HhoUl th~ ..::onthcung prv'd~lOn, To I hi!'. end the pfO\'l~lon'!t of thl,!'J, Security Instrument and tht!
<br />'\.",'.t" _l~r ~lc~i.H't"J to be ~(''''crJ;bl~
<br />lb, BQrro~i:r's COP). BOfr0\,1,Cr ')haii be gl\,en on!: ...:onforrncd 1:0P) of the [\;ole and of thiS Secunty ln~trurnenl
<br />I ~ fran.'t.(er of tbe PrQPtrt~ or i Beneficial Interest in llorrO'wer. If all or any pan of the Properly or an)
<br />",...: Ji: ,. ~\ ndJ VI tr.sfnf<:rrt"d (llr If a benefi":lalmtcrnllli Borro\4cr is ')olJ. or lrafio,ferre-o and Uorro\l,,-er I~ nOt a nalural
<br />;....I.....'r;; ",:h~'ut Lender'", pHor \/o-rl!!en i"....lll>Cili. Lender may, at!t\ upt1un. re~ulre unmedlalc pa;ment In full orall \urn~
<br />,(,,\..>~...,: ~~ dll\ S.Cl..lfl:~ In~llumCn{ HL".,(:.'\-~r, thb llpl.Oll ..hall IHI{ be exe:I....:o.ed b) Lendl'r If C_\t.'ft.:l\e 1>:0 pr~)lllbllcJ D\-
<br />tt:.Jt:f.1; 1..1',," 4'> ..If the date uf ttll~ :)e.,;;urlt \- In...trurnt::nt
<br />If l..enJ<r (".u:r(,;ls.o thl~ optIOn, Lend~r ~haJJ gJ"iC' Borro~er notICe of acccleratlOfi_ The: nonce 3haH pro\> Ide a penod
<br />.j nul ;/.'"Yll than 3-0 da):, from the: date the notice III ddncred Of mailed within ..... hlch BOffOl4-er must pay all !tums s.e\:"ure-d by
<br />'fW, ')<1.. urH~ inb,HUmeut If Borro...,! fail~ 10 pa): th~c ':l.um~ pnor to !he e:\plfatwn ofthI~ period, Lender may f11\ok.e un~
<br />: I;'!1H:J,('" r<:rmlttcJ b) thlS- $.<<-unlv lnslrument .....Ithou: further noli.:c lJl Jell.and on Borro....er
<br />iI!, BorfUWtT:' Ript 10 R~instatt:. If Borr-o..er mce[\ (,.'cnam ~()nJ.ltlOH~, Borro'Wcr 'lohall ha~t: the right llJ ha..t:
<br />':i\!'.'j,.,:rnc,i A du';. Scn.lni; ln~tfuthen{ ~h~<.mllnu('J at an) llme: prWf hI the earht'1' of tal 5. day\ (or !>Udl other pcni.~ a..
<br />,q-'r;.,,-~r:;jt" :J"\Il. may \pet..:lf) (Of fCIn!i.talement) before ~a1e ~1f the Prupen, pur,uJ.lll i;J .1n) p;,\lol:f \A 'hik ,-.onl~lneJ In Ii'll..
<br />"v..', ,i1:-.,!I...mc:" ,If (tq C".nf) vi a jUd&-nH~nl ~nfohing lt1l-~ Se....ufll) Ilhtlurncnl rho~e ~,-}r1\jlli\_m~ J:rc 1hal HVI j'.)\Il.CI
<br />',I,. j',j''l ~ r:thkr "):j ,,".an, \4hl,(h lhen ...\,)uld be dye under thn, Se;,.'unh in"trurnent aaJ lhl.': So!e ha-J nu .h.....di.'"f.ltl\>ll
<br />'" _~ff,,..; ,<<!l;;"" 41l) ~idault ,.Jt [HI) ,llflCf ,-i)"("nafl{~ ,1i 4gr(~<~rll(lit", 1".1 p.J}\ .111 t'''.~Il''''{'' HI~Ulrl,~J Hl t"JdlH..IHf; lhh
<br />'\., 1"_''- '..~1H':f,i ,n.:.hH':lH~, but f\i,li hnlileJ td, lC'41wndbk ol(h.II!h::,... k~:> J.l\lJ IJ! t.ikc.. "dhh .h..P\'I!.I' lcnJ,"1 11tJ,
<br />-~.I., ",.~,..,{>: t., ,n.\ure !h.l the h:n "I Iftl\ \t\.urn) In...lf~lHc-!!l, I ct"J-cr\ f\l!-hh ,'j ;h(.' t'n'puh .iHd H<ifh''''t'' '
<br />':";0\4. r'.t:> ~ht '\.\HH:i ,e-,;ul'eJ f') 11)1-:> "'e-'..urll~ Ir}'\:rum<;>~.;: ,h;j;; 1Jdnill( \i!;,.h~lle;;.-d 1 i""" ('I,~;,~inl;...';1i. ~"
<br />f~"~ ..'-, ~t'";,.f;~> In'\lr-..omc-ni dn~: :rlt ;.'bii~~~\~Hi~ 1>~':;"....rnJ ht'~d,)' .,hJ,; r([I,-"",", I.Jlj~ I"lh.,,!,{' .1" \:' i,d,,']' j'.;.i
<br />l!, ,"" f';:1 _ i :11'. nihl 11.; f/;,'ill\,,\Aa' l>hai! IV,'; appl)' in 1 he....1 ~{. . ,/ ~, '":';:-i ,~~ i' II> unJt'l i,.1! ",qp ,l~'l-~... :
<br />
|