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<br />84 ---003446 <br /> <br />r <br /> <br />Jf I t.'nd~'r lcqulrt~d n1<lrtg1Jge in.;urd!ld" <l~ a ....:unJirj(.n of m~\~dng the 10311 s~curcd-b~,' this S~curit.y Ins.trument, <br />B~)rrowC'r :,hail pay the prt:miums requin:d h' maintain the insurance 111 effect until Such.lime as the requirement-fer-the <br />imur~1nt.:e lemHI/aft" HI i1ccordan.:c with Horrnwt:f'., .and Lender's written agreement ()f applicable law. <br />S, Inspection, Lt'nder or irs agent may make n.'al;jon~)bk-~lltrif:S upi)O,and in-st)eCtions_ofthe Pr(:rperty;-Lem~er: <br />~hall gi\ c Borrowa notice;11 the-lime of c;' prior t'O an inspcclimi speclfying-re3sQnabl~ cause fur-the'inspe,cti()i:1, <br />9. ('ond~mn_ation. Th~ proceed~ of any ;,I".aiJ. tlr dalrn for damages;, direct or cons~qut:mial,-.in co'n_.ri:~tiQ~:-w:i~Jl <br />.10:' -:u-ndCinllaIHHi 01 ~)thcr rakmg of .illY part i)f the Properly, or f.;)f conveyance in lieu of. condemnatio:l;are..ijerebY:-', <br />assigned ilnd s.hall ~ paid to Lender ' <br />In the eH'ot of a 1\)tal laking of the Property, the, prN:eeds ~hall be applied to.the,:sums__securedbYJ~is S.~cu:rity" <br />In't!fuJ11cn!, whelllt:r ur not Ihen due, wHh <:HIY c~t"e:"'~ P:IHJ to Born)wcr. In the event o.f a partial taking:,?f!..~<:: J>r~p~:~y'~- <br />unh-;s\ B..)rr-l.)\',"er and Lender otherw~s~: <~grce lf1 Wrttu~g, the sum;'; s~curL~' by this Security Instrument. shall.:be: ,:~~~ced;~f?Y, <br />the amount of the procced!) multlphec.l by the f('!llowHlg fr3ctlon~ ta) the total amount of the sums'5ec~r-e(i:.i~medj#~e~y,: <br />before ih( (;Jklllg. divIded by (h) the f,u!" market valtlt; of the Property immediately before the.taking-,~;Any::.ba-Iance,sha,n ~"" <br />paId 10 l.klrrowt'L <br />If the ProperlY I" abandoflt:d by Borrow-cr, ur if. aftt~r il0ti4.:c by Lender to Borrower that .the'condemno:r.olf~i:j'ih)": <br />makt" all a",'ard or ~cHIe a claim for damagl~s, Borrower fails to n:spond to Lelld~r within.30 days'after the date'~h;? ~:~i~e ~~;',-' <br />given, Lt:lldcr I'" aUlhoflZCO to collect and apply the proceeds, af U:. option..either to rcstoration or repa~T'ofthe:'Property.or:' . <br />to the sums secured by this Security Jns:rrumt:nt. whefht."f or 11(J1 Hll'n'duc <br />U nkss I.t:nde-r and aorrlJw~r otherwbc agree in w.flllng, JilY application of proceeds.to piincipaJ:'sh~drriQ.t-~~xte,9d::Ql-~': <br />rostp(l{jt: the due date of Ihe mOIl! hi)' p;.ryment\ referred I() 11\ paragraphs I ~nd 2 orchange. the arylount.of su.ch, pay.~.en.t,s~,: '. <br />10, Borrow.r Not Released: Forb..rance By Lender Not a \Vaher, Extension of the time forpaym"nf.or> <br />mo~,iitkawm ul :.JmonlLatlOH (}.f the ')um<., 'l1.:t:tHl'd by t_ll.lS St.'CUrlt} Ir~"[rur.nt:nl granted b~( L~nder t~) an;y:.,success,O~,;".in,~ <br />mt!;rt'~t c,f Borrower ~~!lJlI not opertltl: to release the l1abllny of the origma! Borro~-V'er or Borrower'ssucc~sors.-in'~lJte,~e,~t~:.' <br />LenL1t..'r "hall fwl ht.' rcqulft"d to t..:OI1l111U!Ct.: pn ICi:cdmgs ~lgaitlsI any ~lIccc~~{lr tiT interesl, or '.refuse..lo :extt;nddime;"~o.ri <br />~aymcntlir (IThcn~,:ise rnodif y anwrri:llltilHl (,/" lile \.HB1s<;el' "'! by thi~ Securily lustrum'cor by rea.son orany deJnatl,:Lrruid~;'.. <br />~y the ong,mal Borrower or Borrower's ~UCl;t's:-or~ m imcfr.. '\ny forbe"lfilllce by Lender in exercising any-right Or remedy::, < <br />'~haH 11/11 be a wan't;r of nr pn:dudc the e:'l;t:rci~t' of an\' righl \lJ rZ:fut:dj" <br />II. Suecessors and Assi~ns Bound: J oint and Several Liability: Co-signers, The covenaitts and a8:reement~<:& <br />[h10:. Set.:'unty I n:'-.l rument shaH bind al"' j h(~ndjl !he su~:(e:;soI'S and a:-,signs ofLcntlcr aud Borrower, subject to-the .pr-ovisiqt1s <br />clf pJngnl.ph 1 i. lk,rrower's covenanlS and agrecmen{~ shaH be joint ~lOd sevcrJI. Any.-Borrower \\'ho cn~signs this S~iirily <br />lnstrumcm but doe~ not exe:.:utt' the 1'\;\.He: (a) I'> Ll)-~.dgnlflg fhi, S(:o.:unty In~trumCnl only lo'mortgage, gtant-and:convey <br />liwr Borrny.er\. inti~rc~t In the Propertv Ulhkr t h<: ltnns of thi:> Se---:urity II1\lrurnl:nt; (h) i.... not pers.onalij-' ob!igatL-rl-to pay <br />the 'l-llIllS set:ured by tim, SecurHy In,>uulflcllt; and ((,) agrct.':'i that Lender and ,.wy other Oorrower may agree'tQ__e;xtend. <br />nHJdlfy, furbc:'H makt an: .KcormrwdaIHHl,\ \-\, ith rcgarJ lU the krfl15 of thi.s S2curiry (n~trument l)f the Note'~ithoul <br />thal BOlTt'l'.-I.'Cr's ,.;on~eJl\ <br />12, Loan Charges. If the iuarl 'J-'-.'\:ur.:d by tln:o. Sl't'urtt)' JJl~HlIlllt'nt is subjecllO a la\\' which s.cts'maxirnurn 'Ioan <br />ch;~rg........, ~lnd thaI law i~ ~jmdly lnterp-rl:ttd '.0 tlut the intt.'It:,-"t ,)[ other Io.an charges colln'lttJ or to..be c-oHe~.ted in <br />connct.'llon with the loan c;o,-t.:t..'cd th-c pernlll1ni limll~, lhcH: (a) an) ....uch loan charge shaH b~ reduced.by.the'ampU)lt <br />Ill",,:t.':,\~HJ !t) rt:du(c !he charge H,l th~~ pcrrnltkd Inuit; .Hld (b) :my sum.. already .coll~ctcd from Bt',)rrowe:r w,hkh':cxcie:eded <br />f"\:nnHteJ ltrnlt'- \,I.iIH b..: re111nd<u 10 Borru\'.-'<:r I..CIlJc! !I1UY ('boo~c (0 make [tll.~ refund 'by reducing lhe p-rincipal.ow.eo <br />L:ndcr ,ill' :'\,:(![t;' (If hy !llahln~ a Dm:l..'l P;i:-lJl..'OI (l) BurrOWer, .If;1 rt.:rllllJ rt:duL'C-~ pflncipaL the reduction will be t reated 'as ,a <br />parti,ii pi:.:'l":1)'ilIcIll: \-\-l!hout ~ln} pft~p,i}nIClH dl..1i'gt: under the l'ntc <br />13. Lc~islation Affecting Lcndt.f", Highb. If ell,n.:tmClI! Of ~)'plr~l([(Hl {Jf applicable laws has the etfep. or <br />ft'hkril,g ;H1~' pro'\. isiul: \.If tllt; Note, i[ ., hi\. St.'clintj lll<.,trumt.:fH ulH.'l1forceublc ~h>":I..}f{JHlg to it:-. terms, Lender, at its option~ <br />n-:J) (i.;'"Ljl!IJ'<: anmediare p<2~ men! iT! r'ull ~,;' all <'UB1S ~,ei,.'ureJ by dBs Si:cority [nsHuIHt'nt and may ill.voke any. rem.~dje.s <br />r..'nnI !1{'d h~ paragraph JI.! !f 1 t:ildt'f l',\e-n..'h,'-;-' lhi... "PIlOt), L:ndt"l' \halllak~ Iht." .'.tl"pS ;;pt'1;ifh:d In the stt:ond.paragmph.df <br />par,jk:r;q.lh 17 <br />1J. '{Hk~~~. An~' !inlil. (' to Hnn,;\!.l'.1' prm.Hk-d hli :11 illl'. S,--'\.:mil}' In~tfurncnt ..hall bl,.' givcn.by'ddiveril.lg it or by <br />malimg 11 b::. !If::.l cll.l~~ m.lli uilk'~::.. appli(:~lbk law rel..{uin.':~ u~,,~ .'tf another method. The nnticc shall be directed t.{) the <br />Pr".T...;n~ Addrl'~~ ur <:W} other addrt.':::':\ HOi l'l:>V,t;! doigmltC\ by ootlCt: to Le,ndcr. Any notice to Lender shall ,be given by <br />tir'll .:b:.... Hl~HlIU l.endcr \ Jddft:~~ ~!akd hereil1 Of .Iny Oilier addr<:~.\ LcnJer dt:~igllali."S by notice.to Borrower. Any notice <br />;, !,.,-~ f:~,.. ", . h~" \;,'''''nn'.' ,,,'-. .--",,'w,,1 ,-h ,11 h,. ,j'"'>ln;'d !, ~ luvt' been ,,'lvetllo Bnfr\~wl!r (l!" Lender when' golven a~ [If()vided <br /> <br /> <br /> <br /> <br />ihl>. r'<~i~lf.!':ir,li <br /> <br />L <br /> <br />15. {;ol;crHing Law; SCHrabi1ity. I'hl\ Sellu!:}- !n~uulHt..:tli ....hall bt' gln'ancd by federal bw and the law oflh~ <br />JWT..dh.:tH,m:n \.-\.hidllllC Properly i\ Jo~a\('l1. In The ;':\L'H! lil.ll :lilY r'r()'.i~ilHi Of ..:!ausc of [his Sec-unty Instrument or the <br />~(\:': ;.'i'li11h_1S wIth ~ppiicabk law, ':.Udl ((\fIll!..:! "hall Dut ;jfh.~c{ (llher proViSti.IOS of this Securily Instrumem or the Note <br />\\ hit,:!; i,;all bt: ~:vt"1l cff(;c! Wl!hnUI th~ (L111ih:tlilt!. !ll',.l\.l'~lOl!. ill thi... ClIJ the pn:__wlSil~lb of thi~ S~t.:urity In~trulllcnt and the <br />~..)h.~ ar,," dC\..!:.Ht:J to be )l'vaabk--. <br />16. Borrower's Copy. BO! ru'.u,,;: :--hJd hI..; t~!\ ell \llll' ';..', ,ilfu\ toed Ll)r~ \l( the :~nle dlH.i lJf thi\ Sccuxuy In:-.trumeJJ! <br />17. Transfer of the Propert) or a Ilt:nditial Intt,.'fc\t in BorruwcL If ,Ill ur ~iIlY p:.trt uf the Property or In} <br />\:Ht:fe,,>! 111 it b. $-old or trJn~fern:d (or jialx:nt'll,:wi llnert'~t in B,}n~lv..-L'r 1"; <"dJ or lfJll.sferrcd and BOrnJWL'l' IS nor a n;itural <br />pa<"olll \\-HhoUI Lendcr-.~ jJfh)r \A,'lli.kll ("jil:-.~Il!, L,,'lli..kr may. ell 11\ '-.lpllOn, !Hwln.kJle pa;.rHcllt in full of all S.Utn:, <br />'lo\.'(ur~d 11:..- Ihl" Se..:urny !mtrlllllCllL fhl'.\C\t'r. lnp, ;lpt:pn ',h;,;i 0,1: h: h."o LenJCI If ~.\-t:r('ist 1';) pruhlbikd by <br />federal b,w >is of the dale uf thiS St:...;unty ill~irum{'nt <br />11" I ,~ndcr ~~^ef;,:i\-c:;- thIS (Jp~j(m. Lcnd,-~i ,>baJI thlrni\\ t.:r nU\h:t.' t.}f .h;~,:t.'k:r ,Hl~Hl, i'he !loti..-:: 'i-hali pro'- ide a rr:fl\Ji.~ <br />ot fl\.1\ less lkm J() J3:' from [he (bli:.{h,.~ !idh:e ," ',H niJ.lkJ \"illun \\'hl(,'h I-h)fr\i""'~r tnll'.l p:ty all <.;um') s.t'~llrcd b) <br />!hi,\ Sl'.~ :..:nty !n:.lHJ:'ia:nL If Bornw,,:t:r f;1d" It} P~lJ tIh:-:"': ~UH1.'\ prior (,l the (' \pa;ftl\;fl ~)f llw. 11Cfl\xl. I, t:llJn nuy 1l'!\:ul-.t.' an:. <br />r~mt:dH:~ f-t:nlHtt~d by !hu. S.:...:'urity' lil:.::nJH1c!lt ''\-11 b[)ut further !h~i.h..'l," (If demand on .'kHTUI,\'t'r <br />18. Ilorcowt:r"\ Right to Reinstate. 1f I:hirr.uw~r mt.:d~ \.,("ft<tin -(i,)fHhl-lm:" B()rr(~\H>r ~hall have the l'lght to ha\'t' <br />enr,:;r~t'n:'::1~1 flf {h.~\ S.I:'...'\H~IY In"trument JI~"'tlnlU~lH..d:H tlln~ to !hc f2,U!lt'f or: (,~) ~ ..by" (or '}:,,:h other ~~'flod .;~:.. <br />apPlh.:abu: lw.,\ m~-)' ).1"0(;\:;1) fur reil1\l;l<~'Hlt:!it i tJ,.:lp(t.' ',;j!c r-U~':>lUn! ;l' ,Hl) !hl\-\I.'r uf :-alC ;.)rdJ.llH."O HJ thlS <br />s.('t:I..,nt~ In<.,n ,ml".o; (b) ('Inry of,~ judpll<:nt nh'.",.t .',lllJl!H'U1S. Mt' thai B<JfrUW\,f <br />r~J Pi;)', Lendtl ,1-.ll "u:m, whi,;h lh;:n wuuld hI,,' ..Ju~' In..uu!tl,,-'nl. ;Hid Ihe ~Otl.' h:.1d no ~J,,:'\.x:!er,.Ith'Hl <br />l'ct..",Hr':d, {.h, '.:Uf;.~-" ..wy ..kfiudt 1.lf .H1} .ithel ,'..''.\,'!D!H'- P;l)'''- ~111 c\,p;.'Jl'".> illdd rnl HI Cllfoi't.:mg Ihl., <br />S<.ruJ'\t'" IH"-~f1JlTn"ll!, hUl nil! 1!W!fI..'I..J ((I, :wd \dj lake,:> ;"Ui...h :h,tH}11 ~t;,. L-\indcr llB) <br />1"w+,,'n~'N~ rnjMH( ilk-- l\i:n ,..j ,;,h '\":'__\,lTH} fn',ifl.HHl;;i\i, I.xlH,h;l " lq;n~', \11 P,"p..:nj .-\l.d B.Hr\l\"t~f'" <br />llh lh- Iv.. !,. thJ~ S~l'l.l;'H'i }n,<tnnncnt . ,\ '~, If ,t'Hl:(Ui~:nl<::!1 <br />r".\.,:'.:.:r,~--.-i".,.'.~':,'; , . ',.-i:. f <'::~' " <br />?, '''"', "~)h~.~;HH..Il,':> ('ift,(~l\,' ~;~ jf'hl _''-b'tkl.H1'c,n <br />,;!nl! ~:priJ 111 1 11: ~:';H ,\i'.;':,'l'L.. ~ "\ ,}f !'" <br /> <br />