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<br />r <br /> <br />. <br />84--.! 003106 <br /> <br />If lender r"<lulred mongage ...urance a. a condition of making the loan s<:cured by this Security Instrumenl. <br />Borre'"er ,hall pa) Ihe premlUl1l5 reqUIred to matntam the Insurance in elfect until such time a. the requirement for the <br />In~Uran(e le-rmlfla(~ m accordance' wllh Borrower's and Lender's written _,tcement or applicable law. <br />g, In.pecrion, lender or II. agent may make reasonable entritS upon andin.pection. of the Property, lender <br />>:-hall gl\ t: Borro\A<('r nOllce at th~ umt of or pnot to an inspection specifying. reasonab~ c.ausefor the inspection, <br />9, Condemnation, The procetd. of any award or c1a.im for damages, direct or consequtntiai, in connection with <br />an) condemnal1on or other taking of any pan of the Propeny, or for conveyanet in lieu of condemnation. are hereby <br />"SIgned and .hall be paid 10 Ltnder. <br />In the eyent of a IOtallwng of the Propeny, the procted. .hall be applied 10 the .ums secured by IhisSecurity <br />InSTrument. "hether or not thm due, wuh any excess paid to Borrower, In Ihe event of a partial taking of the Property, <br />unles' Borro"er and Lender otherwlsc agree tn wnting, the .um. secured by this Security Instrummt shail beredll(:C(\by <br />the .mount of the procted. multiplied by lilt following fraction: (aj the total amount of the sums s<:cured immediately <br />before lhe 13kmg, diVIded by (b) the fair market value of the Propeny Immediately before thetakinll, Any balance, shall be <br />pa1d 10 Borro....-e-r <br />If the Proptny IS abandont<! by Borrower, or If. after nOllce by lender to Borrower thatlhe c<lndemnor offers 10 <br />ma.. an ."ard or seltle a chum for damages. Borrower falls to respond to Lender within 30 days after the date the notice is <br />gJ\ .n, lender" ,ulhonzed 10 collect and apply Ihe proceeds, at liS option. etther to restoration or ..,pair of the Property or <br />to ,he sum, ,,,,,urt<! by thIS Seeunty Instrument. whether ornotthen due, <br />t' nl~, Lender and Borrow"r otheN't.. agree In writing, any appltcatlon of proceeds to principahhall not eJ<tendor <br />p<l>lpone the due date of the monlhly payments referred to 10 paragraphs I and 2 or change Ihe amoun! ofsuch paym..ufS, <br />10, Borrower ,"ot Releaecl; Forbearance By Ueadet ,"ot a Waber, Extension of the time for payment or <br />mod,ncallon of amortization of lhe wms ,""urt<! by this Sec"",y InSlrument granted by Lender to any 5uccasorin <br />Inter<'\' "f Borro,.,er ,hail nol optr.le '0 releas<: Ihe !lability of the onginal Borrower or Borrower's successors in int......!; <br />Lender ,hall not be r"'luued to commence proceedings 'g.a1!151 any .uccessor in interest or refuse to eJ<lmd lime for <br />pa! mfm {If Cot h.ef'W)'>e modify amar1!UUon of the ~ums ~u;ed by this Security Instrument by reuon of .ny demand made: <br />b) I h~ (lngm-at Borrow;:r or Borrow.er''i su-cc-esson. In mitres!. Any forbearance by Lender in ~Aercisin8 any right or-remedy <br />...haH f).m ~;,'i "'31\'('r ('If or pre:!ude !,h~ exerCUi..e of any niht or rem-edy <br />II" Sutteuon IJId Auips Bouod; Joint aad SeYeraI L1ahility; Co-ollIMn. The covenants and agreco_nts of <br />I h" Secunt \ 1 nStrument shail bInd and benetit I he successors .nd ....gns of Lender and Borrower, .ubjeCtlO In.. provisions <br />,if palagrapr. 1 -; Borrower's ,,:o...-rnant\ and .ag! __.nents dulll be JOint and $.Cveral. Any Borrower whooo~si.gns this Security <br />fn~lfurnt'nt t.ut don not C\e:U{~ the Note {a.t 1~ ,,()A.i.lgmng thiS Secunty Instrument only 10 mortgaJc~ grant and convey <br />,hat !:l(lrr"'~er', Interest III th. Prop<'ny under the tenus of Iht, Secunty In,uum"nl: (b) is nol personally obligaled 10 pay <br />1 he ':d..i!1h ~e-;:ured t1-)' l hl~ So::unty In\trumenc a.nd to,:) a~recs that Lendtr and any othrr Borrower m.y agr('l: to. ~~tmd. <br />mod If) , f,xbear Of maL. an, .c<:ommod"lIon,. wtlh r<gard 1<> Ih. terms of lhis Security Inslrumm! or tn" Note.wlthout <br />lhat Borrn..u's .cOUKnt <br />12, I..<>an Cbaraa, If Ihe lwn """".d by th.. SecUnt, InSlrum<n1 "subjeCt to a law which lid' maximum loan <br />,h,rg6, ond that la..' ., fmally Interpre,ed ;,0 that th" Inl"resl or olher loan charges collecled or to be C<llle<.'1ed 10 <br />conn","'''"n ,,"h the lOAn .~c<<d tn. pt<mlltt<! hmlls. then: la) any ".en loan cbarlleshall be reduced by Ihell1tlO\UlI <br />i1t\:'o)..jt} tl.? (eUu,"c tht-l,:ftar,( to .he p.e:rmtueti lImu. and fb) any sum:s already coUcct1'd f'rom Borr-owcr which eAce:eded <br />permHled lmnt') ...,dl 'be refunded to Borrowt:r Lender may choose h). mak,t: this refund by reducing I:he. principal owed <br />uuaN tht' ~tH(, Of b>- mDikm& a direct p&)'rnrnl to Borrower. if :II refund reduce:$. pfmelpaJ~ t-he red,u-ct1oo wtH ~ lr~at-ed -asa. <br />p~rt~al prC'r~)mcni WIthout .any pr't'p&ym-ttlt Chalg-( tiode:-r the Note- <br />13, Le~lation AlI'ectina Leqcler'l Ripb. If ena"lmen< vr e>pI11l110n of ,pplicabl"< laws ha5 Ihe elfecl of <br />tcmkrm" <tn~ pro-'I<1SiQn of tht NotC' or thl\ SfXunly In~trwn.('nl uflenforc-eablc accordma' to ~ts- term~ Lender. at its- option. <br />rn~j r~wtt Htuneduue pa)'m~nt \11 full of aU sums ~U1ed b;y tOIS SecurH)' [n$trum<nl and may luvok-e any remedies <br />jW'fffiltt-c-d b) paralfa-ph 19 If Lender u,C"ret~ l.hl'~ option. undet' \.h~H f~k~ tht ~H!'p! -s.pe~ifie..-J tn dl:e ~...ond ~rairaph of <br />p.arapaph 1-;- <br />l~, 'ulicfl. An~ nOli'" wl:lorro"'.r provuJe<j for", th" S<:<:ul'HY InSlrum"nl.naU be il'en by del....nng II or by <br />mall",! " by lin, da.. ",..tI unl..... applicable law r"'lum:' u><: of anolher rrn:thod. Th" nOllce ,hall be direct<Od 10 lhe <br />Prol"''' I Add,.., vt any ollltr address Borro..e, d""lJlala by nolle.. !() Lender, Any nOliee to Ltnder .hall be given by <br />filst d'l>\ m.d 10 Lender', address Slaled her..", or any Olher address lender dtli'II'l#"" by nOHee 10 Borrower, Any nOllce <br />!'!'(IS 1<J<d 1m 1JI .h" Securtly Ins,rument ,h.lI be d<:emed to have boon givm 10 Borrow"r or Lend", when given.. provided <br />HI I hl'~ r-dra~rap-h <br />IS, GolnDlOa Law; Se1nability. Th" S<:<:UIlI~ In.trument shall be Ilovern"u by federal law and Ihelaw oflhe <br />jun",j,wvn ill "I,,<h th" Propt.n~ "Ioc.tt<! In Ihe event thaI any provlSlOo or dause of lh,. Secumy Instrum"", or tll" <br />S"I. confi"" ".tllt applicable la,.,. ,tlCa confilct ,hall not alf<<t other proVISions of thIS Se<:urilY InslrUlm"l or Ih. Nole <br />1,oI"hH.:h ,,','Hi b< gn-en effect ""&thoul the 'onftll:tmg provt\:JOu, To thi$. end (he prO\l'UHons of this Sccurit)' Instrument and the <br />S01< are declared to be ",vetable. <br />16, 8ofT".."s Cllpy, Borrow'e, shall be gIven one wnform<d copy of lhe NOIe and of Ih.. Se.:tlmy Instrumenl <br />Ii, Transf", "f tile Pl'Qjlerty "r a Beaefu:lallnleresl in Borrower, If all or any part of Ihe Proptrly or any <br />:ntt;l~t In H i~ wid Of IratuiC'r-red {or if 3 beneficJai mterest In Bono\4'oer I') wid or transferred and Borrower I,S nOt.li natural <br />P(:f\(H1} Vl-uhout Lcndc-r', poor wrtU(:o COf1>e:nt, Lend('f may. at us option. require Imm-edtaic: pa)'menllfl fuB of aU sum~ <br />.,,~uted b) thl~ Sc:;:'urlt~ Ins.trumrnt Ho-""C:'ooe-r. lht\ '-lpHon shall not he e"ercl~ by Lend('f If eACTC1S< Hi: pruhlblH:d by <br />f.doral J." a> of the dale of th.. Seeunly Instrument" <br />If Lender eAct"''''' thiS 01'110", lender .hall gIVe 80rmwer noltee of "cederauon, The nollce shall prollde a ptnod <br />or nOli.,., than .l(j day, flOm Ihe date the noll"e t> dellV<<"u or mall<Od "'lhin ",hich Borrow<< must pay all 'om, "",ured by <br />th.. SecUnly In"rumcnt. Ifl.lor,ow"l faIls 10 pay th""" ,um!> pllor to Ihe expir"ltoo of th.. p<:nod, I.ender m.y "woke an) <br />remed..,. ptmHlled o,} tlus Secunt} instrumwI w..hout funher nollce 0' demand on 8orrower <br />Ill. 8orr(tlOcr'sRipt to )qi....... If Borro..", m",,, cena", condillons. Borrower .hall have the nghl to hal< <br />.nf"t\;ement or tins Secumy IMlrufIlCnt d.5eOlltln\led ill any time pnor 10 the ",uher of: (a) 5 day. (or ,uch other p<:rt<>d "', <br />3~flhcabi~ la.. ~)- \pec:!f~ for rtrmY.a.~~l'Mnt) be-f'et~ ~Jc of th~ Ptt.t>e-rty ~r5W&rH to any P(}~'Ci of Nit ~ontamcd Hi thiS <br />s.,;'<1"'; Inurum.,pl,,,,. (b) "nl.1)" o( a Jud,ment enfor~"', thil S<<Ut1ly In.trument. Th_ condtllQn. are IMI Borro.... <br />!A) ....}. t<n<kf all .ums wbich Ihen ,.,,,,,11i "" due: unde~ thi~ SecurilY In.trum",,, and t he Note h.d lIO ,,:c.kr.lOon <br />oo;.(u-fft;('L (0) cuc~ ~.ny dd.ull Q-f an> Olhe! cO'renanl$ Qr 3&raments.; fel paY'S aU e~,p;.rn~s mc;urred In \mfonang (hi) <br />~:uf)1> ht--...u:qtt\4nL mdudt!l-'" but t".o~ trtnn.cd to. t'Qwnabtc- .i-uorn-.eys' ft':~~ and (d) lakQ sUl.:n acbOn a~ LChUCl ma)' <br />ft'~'\~)'h~b.) r~q!j;,t'tf( f;fl auun th.-t t~ hw of this SccUftl)' I',ostrumcnt Lc:p.-dt'r.s flg.bh tn tne .fi-f(lt>eny and Bo.rtt)'W.:r'\ <br />"bllp!!o" In ....) ,b.e .<ilfl. l't;;uu;<j by. .h>> SecunlY In5lrulntl1l ,hall ""'tit"''' ullchaollt<! Up"" r.m,..,emenl OJ <br />!J<.IftO""', Ill.. SecUnly lootr.."""'t &.1<1 Ih"obllpll<>n.s>e<;lIred he'"by sn..1l remall' fully elf<<"". .. If no a"<<k,.,,,", h.d <br /><><:.urred H"''''.'tf, ,1>" nihl 10 relll,....t.,.hall _a!lply In th. co.", of .<<"I<,.H"o under I'''l'a''''l>b' 13 nr ! 7 <br />