|
, ,.. �. :.i:. • , .. .... •v��„s, r.;m.-,.- .�;
<br /> ,�y �' ;.�,{: � i .��... _. ..:.... ... ... .,..
<br /> ,� �� ' .. �, �,y'�. _.. ,1, Y . .._.. �.t nrr r
<br /> luW.-���iGe7Jk.w�cG�}'�. !�'rAP '"'�}'4�7t'���.�'+.`
<br /> ___ _. �.�.LCS�FY__.'...�:.F1GI. /-.si .Y .
<br /> - ---- - - —.r:_;it �t.���i;��_.�:�:._ 'P-�`;s`'�`-__---
<br /> :z�� ��...�
<br /> -- „e„�,..,�.._._._._.�_.�.�
<br />� �'��' �n►--�-=-- -----
<br /> . �1'!��__.....•�=r�:_�..7`i�SRS9�z1'�ffi�R7"'tR'dL"cr^.:.w,.�.:.�:-�.-_'-------- --
<br /> �.�.,�..v��.,---'-.--�--�--_--^-RO.-r-•'^-'--rt-r-:��- - .
<br /> - —_`-°-.,,s- �" i=.r.r-.r-.�--�--�..,c",-,.. ��y-v_rq'."I_:�_.""..L'W�.'�i.
<br /> . _ . . . . _:_._....._�._
<br /> ..._.-- _.__.._.._._._._.�_...._......._..,_.....,......,.,...__�....•"--'-.-_-.....,•._-' - .... .i..,�..�....,....� -
<br /> ��� �o:�s�a
<br /> p�ymcnts iyr,�y n�(o�if;cn c�rcA�uircd,ill IIIC 11�111011 Uf I.L:iItICY, if morr�rngc insuruncc c��vcrat;c(in tli�:.+nmunt an�!f�r Ihr,pei•iod
<br /> Ihat l.cudc�' f�(]GIfCti)�ll'aV�(IL'iI IlY ltll I111iU1'i;6 U�l�tYIDVCtI�iy I.CI1tIif1'tlj}i1111 E)CCl1IUC9 IIV[IIl,iblc and is obsu.isir.d. �l�►r�n��rce shal! p:�y ,
<br /> the premiums rcyuircd ta mnintain moi�tgogc insurauce in effcct,or tc►pm�+�i�e a luss rc�crve,until tfle requlremcnt for morlsu�e
<br /> h��ura7ec c�ids i�acc�rdar.ce with any�•r:luen agreement l�r.t���ecn L�rrat��er i�nd I,endcr nr unplieable Inw.
<br /> 9. 1�3spccllnn. I..endcr or its ngent may make rasannblo cna•i�u�n aud inspccttons nf the Peoperty. I.ender shnll�ive
<br /> Borrower notice at the time of ar pri��r to:�n inspection specifyin(�rea�nnnh►le causc far thc inspcction.
<br /> 10. CondemnAtlon. The praceeds of any n�vnrd cir cictim f<�r duatn$es, Jim.ct or consequendnl, in conncctioai with rny
<br /> condemnatia�or oiher taking of uny part of the Property,or ti�r con��vy�mce in lieu uf cuudem►�ution, ar{icr�by astiipncd a�id -
<br /> shall bc patd to I.cnder.
<br /> 1n thc event of a total taking of the Properiy,the praccais shnU hH applicd to the sums sccurcd by this Sccurity Instrtunent.
<br /> whether or not then duc. with any excess paid to Ban�awcr. ]n dtu event of a partia! taking of the Propcny in whish the fair
<br /> markct value of the Property immedintely before thc takinQ i�eqttnl tc►or�rcater than the amount of the su�ns ser.uRCd by this
<br /> Sccurity I��strun�ent immedintely hefore the tukinp, unle:ss Bnrrn►vor and I.ondcr othcrwise agree in writin3,the sunis securpd by
<br /> this Security Instrum.ent shall be redueed by tho amaunt of tha prar,xecii� multiplie�l by tt�e follawi�+�fruction: (a) the total
<br /> amuunt of the sums securc� imme.dintcly befure thn tttE:in�, dividcid by(b) tho fnir m�rket vatuc of the Froperty i�ntncdi�tely
<br /> before the taking. Any balancc shnll be paid to Borr.owcr. In tl��evunt of a pa.rtinl tt�king of th�Pra�o:rty in wh�ch thr, f�ir
<br /> market vnluc:of die Property inuncxiiately before tho takinp is IErss thtui.the arr►ount of Qte sums s�cu.red!m^:v;di.ztely b�fo�e th�:
<br /> taking, unless Bonowcr and L.ender otl�erwise agc�ee in writinp pr unlnss applicable luw otherwise provides, the pracceds sh�ll
<br /> be npplir.�i to the sums secured by this Security Inst�vmant whctt�or ar not the sums ara then due.
<br /> 1f tha Property is aUandoned by Borro�v�r,or if,af�rr npii��by L.cnder ta Borrower thi�t.he condettuior offers to make an.
<br /> a�wmu�d or settle a claim for da.mugcs, Borrower fuils tc� res�ancl to L.endcr within 30 duys ufter ttie date the notice is givcn,
<br /> Lender is authorized to col;s��arn�apply tl�o ptcecc�:�,at�t�K pption,either to restoration or rcpair of the Property or to the sums
<br /> secured by d�is Security I�sn-��ment,wh�ther or not thc:.�r::a.
<br /> Unless Leader and Darrnwer othe.tviisv ngrce in �>>?t�n�,.unp application of prc►cceds co pdi.+cipal shal� not extend or
<br /> pr�stpune the due date of thc monthty payments refercej�U in pnrn�ix:pi�s�und 2 ar ch3nge the amount of such payments.
<br /> 11.Bc�rrower Not IIZ���9�sed;�orbearanee 8ty�r�n�er Nut:s�'i's'rver.Exte�sion of the time for payment�r niadtficution
<br /> of umoni�astiun of the sux�a sccured by this Security Ins5��lrntmh Wr.�nr�c�by I.endor to Any successor�n inter�st of�orrower shall
<br /> not operat�t��release the 3iubiliry of thn oriBinnl Borro�vor or IIarr.a��i�er's successors in intemst. I.ender shaU not be reyui`erl to
<br /> commen:�e��ro'e�ixlings a�einst any successor in Intamst ar�r;fu+�to ea�tend time for payment or otherwi�e modify amortization
<br /> of the sun�i secured b�t :hi� Security Instniment by tr;a�n,�f any dcmand mude by the original Horrower or Bonower's
<br /> succcssors in interest. fen�1 forbeai�ance by I.end�r in exerait;ing any right or remedy shall not be a wuiver uf or prcelude the
<br /> exercise of any right or rcmedy.
<br /> 12. �iinnressors snd Assigns Bou��d; Julnt and Sc�veral L,fabfltty; Co�igners. The covensnta nnd agrecments of thi.s
<br /> Security St�nts�:ment shall bind and benafit tl�o suacessa�u and iusi�ns of I.ender and Bormv�cr, suhject to the pravisions of
<br /> paragrnph 17.'Borrawer's ccvenanta und aIIreemantfl sl�nll be joint and several. Any Borrawcr who co-sigr�n this Securlty
<br /> InstrumenY but does not e°�:cute thn Note: (:�)i�ca•siQqinII chis Security Instrument only to mortgage.graat an�convcy that
<br /> �arrower's interest in the�'rc�perty undor d�n tamis of•tktln Security[nstrument; (b)ie nos persunnlly obligstec!�to pay thc sums �
<br /> st�ural by this Security Ltae�t�»ent;ansl{c)uIIrees dtbt�d�nder and any other Borrower�nay agree to extend,modify.forbe�tt ar '
<br /> makc any a�cr..�.�modnttons with regnrd to tlto tc�rms of,tiiis Security Instn�ment or the Note�vithout thai Borrower's wnsent,
<br /> 13.C<<rrn�1Lltarges.If the loan secared 8y tttia Security Instrument is subject to a law which scts maxjmum loan chsr�e.5,
<br /> and[hat lar•+i:a,fi�S1y i.�^se�preted so�hnt cP�o intnmst ar other loun chnrges collected or to be col[ecte.d in sannectlon with the
<br /> loan excce�.��hc;e�^ni~�.n�'iimit�, thon: (a)sny Rttah Su7n chargo shell be reduced by the amount necessary to re,duco the chnrgc
<br /> to the pen�i�ced limit;and(b)ary sums nl��¢�ciy roll�cicd from Borrower which exccecled pernaitted limits will t�e refunded to
<br /> Bonower. f..�nder rnay choose to mako thifl rofund by reclucin� the principal owed under tLtis Nate or 6y mqking a dirqct
<br /> paynkut to Bonower. If a refund reduc�s pri�cip�I. the reduction will be trented as a p.�rcia! prcpayment withuut any;
<br /> prcpayment chwrge un�or tlto Nutc.
<br /> 14.Notices.Any nntice to Horco�ver pruvided for in this Sccurity Instrument shall be given by dclivering it or by mailing •,;;
<br /> it by first cia�s mail unlc�ss applioaBla�l�nv rrcquires use of another method. Thc notice shall be directed ta�1�e Property Address •
<br /> or a►ry other address Dnno►vcr dc�sianntes �}�notice to L,eRder. Any notice to Lender shalr�be given by first class mail to
<br /> Lender's Address stat�xl hon:iu or 1n}�•other t�ddt�ess I..cndcr designates by notice to Rorrower. Any notice provided for in this
<br /> Security Fnstrument shull�bo dc;emtxt to.htn��Uotn give.n to Bonowcr or Lender when given as provided in this paragrnph.
<br /> 1S.Governing Law; SeveraUlllt.y: �T3QF Secusl2y+ Inshument shnll be govcrned by fedcral law �nd thc Inw of thc
<br /> jurisdiction in which tl�o Pr�pe�:y ie incatnd. In the event thc�t any provision or clause of this Security Instrument or the No4e
<br /> conflicts witi�applicablo law,sunh cr,nfiiht��ull not affcct othcr provisions of this Sccurity Instruincnt or the Note which carx 1�c
<br /> givcn effect withaut thd conflfCtin�Nr�nvl�aon.To this end the provtston�+of this Sccudty Instrwnent and the Notc are declare�i
<br /> to be sevcrablc.
<br /> 16.Aurrower's Cu�py��I�ur�x�ti+rrr r,l�nll be given oue conformed copy of the Note mid of thte Security Instrument. .
<br /> Form 3020 9(80
<br /> a.y�s o�e
<br />
|