|
I .: J ti Ci}t' y ��,`��'fJf. t " :' , . ` 'cC . � ' , . - - _ "_
<br /> L.; :': _`d'a.:.:"a"616ba�1,.-a
<br /> - ;.-ni-�._�.f:.: -- -
<br /> - �'.r _._:_.
<br />_T -___
<br /> ` sttbstaniia]Iy eqiilvalent mortga�e insu�ance oaverage is no3 avnilabie.Borcower shnll pay io I.ender each month a sum equa!to � �<s:
<br /> _r °�: a�elfth of the yearty mortgage insarar.r,e prem.i�am bei�;paid by Bo:sower wiren the insurance rnverage laps�or��tc� �---
<br /> Es�in ef�ert.Leud_r vrili s�zpt,us$r�sid retain tiie�e pay�nts as a tass reserve in lieu of caortg3ge insurance. Luss ress�n+�
<br /> E
<br /> pa�+vKrss c�ay no loager be r�uir�,at tfie apiion of E.�nder.if mongage insu�ance coverage(in tise amaunt and for the period a ��::�
<br /> " that Leaidtr requar��s)Provided By sn insurer approved by Leuder aga�n�eoames avs�ilabl�and is obtaiaed. Borrower sl�all gay� �t-:_;,
<br /> � the prernlusns re�'ajtr�d.tu.ma��rin matiga„e insuraitse�n effeci.or to providz a loss rzserve.until the requirement for mos�a;�c�,r� ��
<br /> insurance ends in a�v�tdr�t�e cvith any cvrittem ag�eeraent tsetcreea Eflrmwer and Lender or apglirabie taw. ���r sdall v _ `;s�s�:
<br /> e
<br />: 9.ir��.���.'t� L��der os its a�eui�ay m.�e reasoaable eatries agan ar,d inspections of the Property. Sj � :. ,�.
<br /> Bormcwer aotice at the dane of or priar to un inspeciion spP.cifYing�onabje rausa far tt�e inspection. � ���::'',_:T..
<br /> E�Ca�de�amstfQa.The ptoceeds of any award or cl�m for damages:dirert or consequential. in connection�vith an� , ">f-
<br /> . w�demnatian ar other taking of any part of the Property.or for oonveyance in I�eu of candemnazion,are herehy assigc@3 ar. <<•:;.:-:�
<br /> 1`-•.'
<br /> shall be paid to L�nder. �'""-::
<br /> in the svent of a total tatdng of the Property.the psoceeds shall be applied to the sums secured by tlus Security Instiument� {':.;sj;
<br /> --- whethe�r ot aot then d�ae, with any excess paid to Borrovrer. In the event af a paRial takin;of the Pro�rty in tv�ich the fair �,:,;-�.,
<br /> e•
<br /> market vritne of the Progerty immediately eefore the talcino is equa!to or greater tban the amount of the sums secvred by 14is �,,r��
<br /> 5ec�tsi�j dns&rament immediately before the taking, unless Borrovrer and Lend�r othervrise agree in writing.the sums serured by �,�,,;f
<br /> ' ` this�cuntg In..mn�ment shalt be reduced by the amount of the pruoeeds mWtiplied by the fnllowing fraction: (a) the miul �i:��_
<br /> �1 amaunt of ffie s�ms se�:ned immediately before the taking,divided by(b) the fair market value af the Property immadiately �__�.
<br /> �balaIICe shalt be paid to E,omavrer. In tha event of a partial ra�of the Progerty in which the fair �:�-,,;
<br /> before the taldng. frt►j _�-..,
<br /> market value af tiie Frop�rty immediatetY 6efoie the taldng is tess tt►an the amouni of the sums sa:ured immediutety before ths ts:;
<br /> taldng,untesq Eorrower�nnd Lessder atherwise agr�in wriun�or untess app�iicuhle law otheiwise prnvldes.the pmaeeds shall o- ,.
<br /> ;�.':
<br /> Cse�di�d t.fl th�sums�1•bl�Lj1�6 SCC13Fliy inctnim .+.w6ether or uac tbe suffis ane then due. �...�..:;,
<br /> If thc PYapertY is abandauek by Borrovres.or if.after notice by I.�ender co Bdrro�er d��t the candemnor offecs w mage an ._�.�:._-_
<br /> avrard ot settle a cltum for damages, Bormwer fails to resgond to 1,ender within 30 d.��after the dntc the natioe is�ven. �""`-
<br /> L�cdrr is authorized to coltect and apply the pro�eds.at iu apiion,either to r.r,t�wa�aA�-s re�air of the Ptrrperty or to the sums �._•:
<br /> sax,�ci'hy ehis Security lnstrumetu.�*�hether ar rrnt then due. =_"_--
<br /> .1Lr.��ss L�nder and Bomower oitcera�ise a,�ee in writing, anY �?i�ar,�n�F pra��sts to�incipal st�all nat �stand ar �.
<br /> �r�the due date of the raonthty payments ceferred to in p hs����sr char�iite�mount of such payment� . •�-�•==•_
<br /> F°�: �._
<br /> �'ill,.�orrower Nat Reteased,Forbearence By Lender Nv&��.�.1-c:�oa af the nme for paymem or mni#bfcx�oa �-- -
<br /> of aintirr�Tation of the swms securcd by tlus Sec�uity Insuument gr��;�fsa�rd:e.�Lo any su�cessoT'tn in[e�s[of BomDit�shall • • �;:
<br /> � not apeTate to release th�liability of the oripina!Svnrower or Eorro�"�s�rs in inte�est.Lend�r shall nai be nquired to � —�__•
<br /> . comr�ence prooeedings a8ainsa anY successor in mtecesi or refuse to Ez�-�d. _nr;��,�or payment or othe�vvise modify atnorti�radon �=.--.
<br /> of tkc: aums secured 6y tivs Security L�trument bY reason of any dc�u*�e by the original.Harmwer at Borrawer's
<br /> Y, ' sti�•�.y in interest. Any forbeaiacce by Leader in exercising any nght or remedy s�:ki aot be a waivsr of or preclude the �i:
<br /> exer�.af ar►y right or remedy. s• The covena�and�a �nts of.thiE . �-4-
<br /> HZ.Suecessoes amd AssIgns Bovnd:dolnt an8 �ever�t Liability; �Co-slgaers• �m ,
<br /> m '
<br /> ' ��y 1n T+�+�,�shalt bind and benefit the saccessors and assigns of L.ender and Borrower, subjo:t ta tTte proviston��. � '_�..
<br /> � F��Ph 17. �z�xr.er's covenants and ag�rr�rats shall be joint and �-v:zral. Any Borrower wfla aa•yaSns this Seci►drr. �
<br /> tn.,�ei�;bus�?�t esecute the Note: (a)Y3�ocrsigaing t6is Secucit��s.��ivment only to mortgs�e,�uti�and convey that �.:,
<br /> ocrsi
<br /> Bo.rT,;?+��'�d.���zn t�e Pragerty under the tem�s of this Sev:risy Ins�.�i:(b)is no4 petsonally obllgGtdd.ta re3`+�te snms 1;,:
<br /> s�nr�-:;; �ii3+Instramcne;and(c)agree.s tt�aat Lendsr rrsid any o�er Borrower may agrce to extan d.madiP j,:fi�ear or ��>r,�-
<br /> �apy�di���na with re�ard co the terrss of ttus��dott�nr Instcuai°�.,^-t or the Note v�nthout thaY��orrower's�a�t�a#. ' ' ��
<br /> • • � �.3.Loaa'�S�.If tbc loan srcared L^,�ta.ks Secunty�ment t��C��ect to a law wtucl��etC tr�xiraam I4�/,�ges•
<br /> • and th�t law is fi��;iu"letpr�ed so that tUe i.��[or other ioan chac�.,��cr;3ected or to be colltiqtpd:in qnnec�a�3�ith t� . �
<br /> loan exce�d the per�:�e�d liauts,ci`��: (a)arry s.::?i loan char�e shall be r93Fna:d by the ainount•n,.'�s�7�.f�,��'y '�°��e '. ----.
<br /> � sa 1he g�emlitted luni�and(b)r�'sc.ms already coltected frc�Borrower a:hich eaceed�d p�rmittcd.lifr�i�vil�b:��i,fia�ded to ;�.:,
<br /> Boyrowpa. lender may chooss fa taake this refund by reducing the principal owed undcr p e Notn�o�r rri:.��x'�.a direct �-:-
<br /> payment to Borrowcc. If a refund reituces principal. ttie rectuction wdl 6e treated as a artial a nt �n'��uY anyr �-_-
<br /> p�epayment chargc arzder the Note. �
<br /> 14.Nodces.Any nntice w Bomower provided for in this Securiry In�.�..'aeat s�al1 be given by detia;�,�g it or by mail'u��
<br /> � it�y�ai cla�mai[unless applicable law requir.s use of anothar met�od.'�e notice sha11 be dir�ected t�f�i�upetty Address �_
<br /> oi:��b�er address Borrower designates by nodce to Lender. Any notice to Ler,der shall be given�iy fir�t ef�:�mail to __°'
<br /> � i.en."3���.address state�herein or any other address l.endcr designates by norice to Borrower.My notice p�+avid'Cci"f�'►rt this -
<br /> Securit�r Ii�strucuE�t.shall be deemod to have been given to Bormwer or lea�cr when given as provided in_Lhis pa�1i;;':". ['`:�;�
<br /> , � 1S.Gove�ni� Si.aw; S�xer�biiltY. This Sea�riry Insttament shat! iae goeremed by federal G�+ � Ei�e' �y�f the
<br /> .,.';� .., ' juzisdiction in wlti��:�ft�Property�s lacated.In the avent thni any provisi��or dause of this Secudty'F��e�t:�r'�ie tVote . � •
<br /> wnflic�s witb apptica'aIe Iaw,snch couflIa shal!not affect other prnvisions of tDis Security Itrstnsment or tSr�f�lotc a���icfi can be �,
<br /> given effect withont the oonfltt��Qrovision.To this end t&e proviscoms of this Security Inst�ument andt�e�3ta�'�sm�:deciared —_—
<br /> w be seveta6le. `�
<br /> '`�a �'` ' I6.Bmsawer's C�py.Barrn�i.�shall be.Riven one wnformed�aopy of the Note and of Wls Secarit±r IU:tss.u�rai2. �.
<br /> . . ���v.; iuterest in it . �+�
<br /> . .�� : : . iT.7�'raasterd8 the Prope�t�or a Ben�ddmilal In�erest in Borrower.If all or any part of the Pm)� Y
<br /> � is soyd or transf�m�hor if a bene€cial interes�n+�Borrower is sald or uan�f�red and Borrower is rwt,n���son�without
<br /> ',� Le}�ii�:�'.s.prior w�ten wnsent, Lender may. at its option. reqnire imiurad�ate paymcnt ia fnll of���sums seca�rcxl by this �.
<br /> Sis���tiit�•'�str�rct�nt.However,this opdan sl�all not be exerczs�by Lendec'S exerclse is prohibited by fedeiat!aw as of the date
<br /> . of"i�N�;�e�u;z�j.ttt:._�^�ument. ���o...
<br /> : �(„?fi,�:,ier c,-wcii�ses this opdon,Lender ahall give Borro�er naticv of mcoeleration.'i9ie notice shall provide a��i of not ___
<br /> • less�?l,�hcli»'^�,fr�x�tlte date tha notice is delivered or maiied witf�isz:.c��ich Borrower must pay all sntns secu�irr;�d 6y tt►is
<br /> • �'�;4 �,�r����;;T.t gorrower faits to pay these sums prior to the ex�t:�sfm�of this period,Lender may invoke any ramedies .
<br /> ' : p�ti�t? t�i•i�urity Insteument without further aotice er riem.a�d a�IIa�rower.. �..a^:
<br /> . �19i� �cm�er's l�gt/3 W I�ef�tat�. If Homower isir�t*� certairt canditions, Bormwer si�lt Gave the rr�.iit to Iwve
<br /> ;�:` eciGs�ent of this Securiry Instrument di;�antiaued at anf t�r��prior to the earlier�f::(n)5 days(or sach atlux period�s ,,,,����`
<br /> • applicable law m�y s,�ecify for reinstatement) befone sale of the Pt+�pe�y+ p��sv�� �5+P��'����e oontain�d in th�s �__
<br /> Secvrity Inswatenc:ur(b)entry of a judgce�ent enforcing this Security Insuument.'I'hose oonditions ase that Borrower:(a)Q3ys
<br /> 1,ender all sums wisi�ch then would be due under this Security Inst�vment an�l the Note as if no accetertion had accurred:(b) �-.-,
<br /> cures any default of any othet mvenants or agr�ements:(c)pays all expenses incuned in enforcing this Secwity Insuvment,
<br /> � including.but not limited to.reasonable attomeys'fces:and(d)takes such action as Lertdcr m�y masonably require to assure �_ .
<br /> � that the lien of this Sesurity Instn�meet.Lender's rights in the Praperty and Sorrower's ob1'igation to pay the sums secured by .--_-
<br /> this Securiry inswment shall wn9inue uachanged. llpon reinstatement by Borrower. this Security Insttument and the - -
<br /> . ob1'�;ations secun�hcsteby shall remain futly effective as�f no acceterarion had occuaed. However,this eight to reinstate shall �.
<br /> • not appiy in the ca�of accelemtion ander par�graph 17. �
<br /> 19. Sate of Nate; C6ungF o!Lo� Servicer. The Nate or a partial intemst in the Note (together with tlris Security.;;,;:
<br /> � Ins3nament)m�y be sold one or moie times without prior notice co Borrower.A sate any resuit in a change in the entity(lcnawn,.,
<br /> � as elta'I.roan Sendcer")thai coitects monthly Dayments dae under the Note and this 5eswiry Insuument.'�ere also may 6e one , �-
<br /> or mon:c�aages of the Loan Servicer unretated to n sale of the PJote.If there is a change of the Loan Servicer.Borrower will6e -
<br /> �. given written nouce of the change in�ccordance wi4h patagraph 14 above and applicable law.7he notice will state the name and. ��
<br /> edda�of tite ncw Laan Servicer acid the address to which paymcrts s(»uld Ne made.'I3�e notic�wlll olso oantain any oiher �
<br /> � infarmatioa required by appliwl�[e law. �
<br /> 20. Haiardans Suhstaacc�. Borrower shall no!cause or pemut the presence. use. disposal, storage.or release of eny
<br /> Hazardous Substnnces on or in the Property. Bolrower stiall not do. nor allow anyons else to do. anything affecting ti'.e `_ti_
<br /> Fsvptciy iht►i is in f'�c�tatiuss vf atr�En:is�suner's!!°`-'-'- T�°�"?^`-'!�ing tarn�entences shall nat a�ply to the presence. use. or_
<br /> . storage on the Property of small quantities of Harardons Substances that are geaerally recognized ro be appropriate w normnl __
<br /> • residential ases und to maintenance of the Property. ._ �'
<br /> . ��
<br /> , vay.�3 0+a Wrm 3029 91f30 �.
<br /> � . �.--
<br /> � .. . .'`t . _ ' . � - ' •� .... .. . . : ., . � .
<br /> _ . . . �- . - � .. . i -
<br /> .. - . . � . . ' .. _ . . .. .t _ .. . . � _ � ' . . r � ' , ' . . -
<br />
|