..�. ,
<br /> ,+� � , . . . _-�-
<br /> ,,.,��_._
<br /> �:�.ts.,_
<br /> . . c� -.�-
<br /> � t�, . � .r. ' �"�h �< y,• '•�1�rr��-�..�J• �',�' -.. ��..
<br /> �....i�� , � � .. � � _.- - ----_.._ . . �
<br /> , �
<br />..._........w .. .. . �".4t'.�'� l• .. ....... ... .- --- - -- .. _ .. . .. . - - . .. . � �
<br /> • 8orrowor rnay cure nuch e datault and relnotato, as provlded In par�graph 1U, by cauF`n� tha ecllcn or proceeding to be
<br /> • � dismissed w�lh e ru!Inp thnt,In Lendnr'o pood t�ilh dcterm'nntlon, precludes foAeilura ol tho Borrow¢r's Intc�rost In Iho Praperfy or �
<br /> otPicr m�tedal Impah�ment of tho I!rn crc�ted by th{a SCr»dty In�trumrnl or Lendcr's eccatiq�intc:rast. BQROWEi Sh6U 0190 b0 10 �
<br /> �:i�uN il Qarrotivcr, durinp liio locn np��f;catlon pror.cs3, ��vo rnstcrl�ly tat�o ar Innccurnto I.�tormallnn or�tntcmcnis to Lnndcr (or ��
<br /> tnlled to provldo Ltnder w.th any matedal lnformetlon) In connactlon wfth tho laan cvlQcnc�d by tha fVote. Includinfl, Gut �ol �)
<br /> Iimiterl to, ropresentalione aoncarning Horrower'� o�cupency ct thn ProPcrty �a a pdnctp�l fea!d°ne:. II this Securlty �
<br /> Inslrument Is on s leanehold, BoRawer aheA compty wlih all the provlslons oi tho ieaee. II f3oROwer tsCquires tee tillo lo iiio �=.,-
<br /> Property,lhe leaseho!d end the lee tille shalf nat inerge uNass Lender aprena to tho merger In wdtlng. � �ai•
<br /> 7. Prot�ctlon af Lond�r's RI{�ht� In th� ProQ�rty.li Borr�wa �su.n to perlomi iho cavenmte mnd agraemente
<br /> oontalned In lhle Securiry Instrument. ar there Is a Iepal proceedinfl that mQy elpniPrantry eHect l.ender's rlphte in the Properry
<br /> (such es n proceeding in bankruptcy,p��o��te, lor conderrnation or(art��lura or lo c�il�rc�ltw: ar rc.galztlons), thcn I.�nder mny _ e �-L
<br /> da snd pwy lor wh�teva Is necesaary to proteGl the v�lue of the Prnpnrty end lendc�'s �i�hta In the Prnperry. Lemder'e actlone ��
<br /> may IncJuda paying n�ry sums eecured by a Iim whl�h has prtotlry ovar this Secudty Instn�ment, eppeadng in court, peying � �r
<br /> reasoneble ettameys' fees and entering on the Propt,rty lo nuko repwiro.Ailhoaph Lcndt+s m�y taka acttan under this peragreph .:-
<br /> 7,Lender does nol have to do eo.
<br /> Any am�unts diaburaed by Lender unde� pemgreph 7 shatl become adcl�Unnnl dc�t o1 Borrower secured by thla Seruriry _
<br /> Inslniment. Unlass Bortower and Lende► egrea to other terms oS paymant, these amm�nta ahall bear Interest irom the dato ol _
<br /> dt�zsrsenient st tha Note nta and shali be peyabte,wRh Interest, upan n�ilGe fram I.onder lo dortowe;rcquasting pnyment �-
<br /> �. MOftgag� Ineurane�. 11 Lender requked mort�ge Insursnao sn e aoncNtian oi mekinp the loan asaued by thls
<br /> Seacr�y instrument,Bonower sh�W pay the premluma raquired to malnte{n lhn martE�apa Inaurance In etleCt.If,4ar eny renson, the
<br /> mcrt�aye i��aurance coverage requirod by Lender lapeu�or coases to bn In attact, 8orrnw�r shall pay the prnm�um� requlred to
<br /> vb:xn coveraga substantlairy equNalent to the mortg+�go Insumncsa pravi�ury In ett�rct, et n cnat substant�(!y equlvotont to tha
<br /> cest ta Bonowa o} the mo►tgage Insurence prevlousty In otlnct, frpm en attnmMm m�rtE�Afl� Insuror approved by Lend?r• II
<br /> aubsCanllaNy equNalent mortgega In�ursnce coverage Is not av�(4sblu, Barrowcr shall pny to I.sndev eech moMh u sum equu!ta
<br /> one-twdith of the yenrty mortgage Inaurance promlum 6e�np Pe�ld by BortAwex whms th8 Ins�urtnce cvvera3e IaAsad or ceased to
<br /> bs in Mfect. Lender wiN accept,use and retaln tttnae pxyi�a�tn en a la�a rrrserva tn Ilou of.morh,}a.ge insu+an�e. Loss restxvo
<br /> p�aymenta nwy no longer be requk�sd,at the option ol LendE+r,II mort�t�p�InRUrm�as+cov:rrepe (F�ihe erteeunt and for tho pErlad
<br /> that d�i:!or requlres) providad by m�tnsurer epprovod by I.OAdf�'�(�A'll bBGQI110D L1YdnDI7{9 Rllt�I9 Ob19Il1Ed. BOITOW@� ShAA �Tfy
<br /> the p.o;niums requked t� maket;�� cna;t�nge Insu►ance in efteict. ce:a prcrvkla e Iat+a r�s�re. um1 Qhe requlrement tor mohc�etga
<br /> fnsurunco crn�s In acvrdan�o �:`ch .mb estitten agrer.n»nt bet�a�-�?e�r»w�r rnd!_c�ndr.r or epE3li�nb;e law.
<br /> 9. Inspeetimaa.B.endar or tis�t,�c ant may make ropsont�blo�ntdc�upon r�d•I�nspoatlons at th�Properry. Lender shall glve
<br /> Horrower no9ce at the tkne of or prlar to an Inap�cq�n spoc�ylnp rassonnt�it�crn�s�a tor the InsFacllon.
<br /> 10. Cond�mnatlon. The proceeds oi any sward or ct�nt[ar dm»�}tn;.,�),�c! or cona�quantial, in connectlon with any
<br /> condemnntion or oti�er taking o1 any part of ihe Property, c,r far conv��yr.nae in dibu ot con6ernns9ion,are herahy aaalgnad And
<br /> shatl be pald to I.ende►.
<br /> In the event o? � totel teWng ot tha FRopenty, tha proaeacto shpll l�o e�,pnl:ed to the sums secured by thl� 3acurity
<br /> Insin�ment,whether or not thery due,wRh any nxa��a p�;d ta Borrnwm. In�tl�u ETr�:rn of e partlal takhg ot the Property in whioh
<br /> ti�_'-'- �' '.��t ltsa°s�p.,.°f;»s:sr.r�.'.°.t;b�a[i3!tfs taP�n�� gqu•�1 tn ��T a.a�twr then the emount a!ihe suma seCUted
<br /> a�aw ii�il�a� io�uo
<br /> by thls Security In�trume�t Immediotery batore the tnknp,.unl�sa Boreower and Lender otherwlse agree in wriling, the aume
<br /> seCUred by thia 3ec►.•rlty Instniment nhaN be teduced by thn amnunt of the proceeds muklpNad by the tallewtn9 inctiQn: (�) ihe
<br /> totai gnr.unt ot the�ems eecurcd tmmecUatey betorn ttm tciR�p, cih:�nd by (b)the telr mndcet vdue ot the Prc�per6y Immodiatoy
<br /> befora t}ro tektng.An,y�.rluico ehail be pald to BonnwPa,In.thn c���1 ai� patlNl taldng ot the Property In which the Inir mr+r�cel
<br /> v��lue ol the Proper��3rn.•nedl�tety before the tek's�p It� lc��a ihM th��mt+uM �zf¢h•n aums secured imneaWetep bota'ra the tnking,
<br /> unleaa Bortovier anro! P.ender othe�wise �groe Ir�,writi��ar un4�c.a �ppliu�bl�i��v otha�wlse provides, tho proceods shaQ be
<br /> . � eppNed to the sume necurad bY lhla 3ecurky Int.t��umnit wJ�altin7 qr n�ri tha sume are then dua. �
<br /> If the Property is abendoned by Borrorver,or M,ettm nati:�a by.l:tmder to Borrower thet tha condemnor oHero tu make an.
<br /> award cr setNe � dakn tor drmRpee, Borrower taMs t.n ntsAond tp•Lender wRhfn 90 daye stler the date th9 notice is 4iven,
<br /> Lende►Is �uthortzed to coNeat md anpty tho praceedr,•At,4tm opli;m, ekher to rostoration or re,paik of the f�operty or to the
<br /> amna�eaued by thia SKwrflY Inst►ument,whMhev ar.nal tttm.ch�ii�.
<br /> Unless L�ndM �nd Borrow�r othawise ep•rpfl i�r�wri3j��d, any o►ppNcatlon ot proceed� to pdncipal shall �ot extend or
<br /> postpone the due d�te oi the monthy payma�t�rci`.m'��1�Ip•��pnmgrapha 1 and 2 or chenge the�mount o}eoah wymente.
<br /> 91. Barr�ow�r Not Hsl�a�d; Forbo�rat�no��y �.x�ndar Not� Wolv�r.Extenalan of thn tlme for payment a
<br /> modMicaUon of amoiiix�Uan of ihe sums secured by thiz 8ewdiy lnstrument�ented by Lender to any successor In Intatest ot
<br /> BoROwer shall not operata to rdease tha NebNiry o1 tha odginel 8omnwrx or Borrower'a successars In Interest. Lenda ahall'rot
<br /> be requked to commbnce proceedkige e9ehat any successor In Intarest or rd/uae to actend time tor paymant or othe�wbe
<br /> modity amonizaUon nf fhe a�ms secured by this Sawriry Inatniment by roaaon of�ny dan�nd mtde by tho orlgtn�l 8ortowar or
<br /> 8arower'e euccoasors In intsrest. My torbe��ance by Lender In exercleiny �ny right or remedy► ehn11 na4 �a e wdver of or
<br /> preGud�the exercl�e ot�ny r{flht or remedy.
<br /> y2. Succ�saoPS �nd As�lpns Boumd; Joint �nd 5�wra1 Li�bllity; Co-sign�rs.The covenente and
<br /> �gr�ementa of ififa Ss�urFly InsWment ah�N bind pnd boneNt tha eucceasora and asslpns of leador and Borrower,su6Ject to the
<br /> provisiana of painynph 17. Bortower'e covenenta end eproemente ahaN ba Joht snd aeveral. My Borrowcr who co•s{gns thb
<br /> SecurHy Instrument but dooa not execute thn Noto: (A)b co•aigning thls 3ecuriry InsWmen4 only to mortga�D,grant and convey
<br /> that Bomowes'e fntereat M tha P�operty under tho terma oi thls Security InsUvment; (b) Is not peraonalty o�Ngated to pay the
<br /> sumr secttred by tMs Secutity Instrumont; end (o) agrous tha4 Lunder end eny other Bo�tawer tn�y �gree to oxtond, modiy,
<br /> tortroar or m�ke eny�ccommodeUono wfth repard to tha tarmn of thls 8ecurity Instn�ment or 1Ae Note wilhnut tliat Ba�rowar'e
<br /> consent.
<br />- � 19. LOatt CFta1'y�s. i1 the loem securod by thb Secwity Insiwmont Is subject to e law whir,h act� m�ximum loan
<br /> chargos, and thet law Is fln�lfy Intcxpreted so thAt iho Intorest or otnar loan chnrges eolleeted or to be coqected!�connectbn
<br /> wRh the loan exceed the pamitted Nmfte,then: (a)n�y suah tonn charge sheN bo reducod 6y tha emount nocessary to reduce
<br /> tho chnrga to the pertnitted INnit; and (b) any sum�ekoady e:okectad irom Borrower whlch exceed�d pem�itted Nmits wfll bo
<br /> retundod to BoROwer. Lendar may choose to m�ke this retfuna b�reducing tiio pdnclpul owarl w�da tho Note or 6y m�kinfl a
<br /> direet payment to Dorrower. 11 a retund roducos princlpal, the reducUon wft be troeted es a padial prepoyment without any
<br /> prepeyment chargo urtdcr tho Nota.
<br /> 14. NOtlCia.My noti�a to 8orrowar provlc!Ed tor In this Securfty Inatrument shall bo given by deNuce�i�u�tt or by meMing It
<br /> by tkat dase mefl unless epplkable inw requkes uae of Rnotl�er method. Trie noUce shnM be directod to the Property Addreae
<br /> �r r•.r.y othe� address Borrowa d�slgnnta3 by notice to Lena'E:z. My noUsa to LendcY shnll bo gNen by fir�t clase maH to
<br /> .a.�.,�..� .�.�.
<br /> ��n.i[tis eddress s[nieu nerein ar any oincr addres9 i.endor 4asiDnaies vy nviibo iu oiriruivei. nTij n�wo M�..�..w•... .+• ��,.�
<br /> Ssku�y InsUument shall bo deemed to have bocn piven to Borrower or Lender when fl(ven as provFded in lhla parsgreph.
<br /> 16. GOVerning Law; St9verabll(fy. Thls Security InsWment shuii bo govemed by tederei law und tho taw ot fho =
<br /> jurisdlc2ton in whtch the Property (s locatod. In tho ovent that any provislon or clause al thfs Security fnstrument or tho Note __
<br /> cu:9lcts wfth appNcable taw, such contHct shafl not eflact othur prov(stone of this Sacurity InsUument or tho Note which can be —
<br /> qYM� ettuct wkhout the conAicting provislon.To this end thn provislons ot thls Securtty InsWment �nd the Note are Qec�larod to -
<br /> bo soverxblo.
<br /> 16. BO��Ows�'e Copy.Bortowor sliall 6o ghren ona contonned copy ot tho Nato and of thle Sacudty{nstrument.
<br /> F1310.LM3(7/95) paqo 3 of 5 v' � � r
<br />- � '_ —
<br /> 1
<br /> SGOQ3 =
<br />
|