|
. . � . . . . , . ' F. .. . .. . . . . '( — — _—�'—^7
<br /> _. - �.�--...�L:» - _
<br /> • ��.. 10�i�0� --
<br /> _ . Bcrrotiver rtay o�ro each e d�fsuf! and renstate, as pro�cided tn psregrr.�h 18. Gy raustng tha adion or procEeding to b3 �
<br /> dls,�ss�d�vith a ns5ng that,In Lender's good tslU►6et�m�nat!an,precLcdss torfetriue ot the Borrotiver's interest!n the F�op°Ry or r
<br /> otfitr materfat ircpa�nt of tho C�aeaded by ffi!e Sssurity InsUvm��t or Lendcra secun'ry fnteres� Borrovter shafl atso�e In �
<br /> defpu!t N Borrower, during the Inan a�pitcaiton pmcess. �va m.atc�..'y hiae or inaewmte b�4oimaUan or st2tements to Lend:t(or �
<br /> tsL�ed to provlda Lender with arry msi�i irttnm�aLOn) In r.anntcf:on ur.tte the lesn �videneed by the Note. fnaL�-u,�,Dut nai
<br />' Cmited ta. reyasentatians conzxmIng Barravrer's occupar►cy at the Property as a P��P� ���n�. If thls Sscurity f�
<br /> Inst�ument is an a teaseAotd, Bartowa sliail carr,pry wlth o9 the pra�lons a!tho leasa. if Borro�ver acqu!re9 tee titte M the �
<br /> Rro�eRy,the teasuf+old and t�e tee tNa sha:!noT m¢rgs unt_ss Lender a�ees to the merger In�vrtting. _
<br /> ?. Prateztiom o!Lend�Po Rt� in the Fe�a�erty.►t Banower taB.i to pertartn the covenants and egreemenLs
<br /> conm:ned in tP�is Ssautry t�sUUment, or there ts a lag�t pmceedng th3i m�y stgniftpnUy sHe<x Lender's rlgMs in the ProAe►ty
<br /> �
<br /> (sueh as a proceed'mg tn bantaupbcy.praDate,for eondertuiistlon or forfdture or to enfort:e laws or regu!attons). then Lendzr may �
<br /> dra and pay tar rrhat�ver fe necessary to protect the vatue of tne ProRsrty and lend.r's�tgMs in iha Rroperiy. LendeYs actians t
<br /> �Y ��4 t�S any sums sealre� hy e tien wRieh has pdorily aver thts �acudly Ins4rumeM. appearUtg in cauA. R�N�9 p.
<br /> ` , reasona6'.a aitomsys'fe.s end entertng on ttto Froperty to make repaUs.APtheugh LEnder may tako adInn undar thSs pataa�,r�ph
<br />�'• 7,Lender da�s ro! have to do so. �
<br /> `` My emnurns disbursed by Lender under patagraQh 7 sha8 become ad�onal d�bt ot Bortavrer sec�ued by this 32cu�fry t.
<br /> lns2tumertt Uniess Borrawer and Lender agee to other temes of payment these att:onnts shaD bear hrterest trom the date of [-
<br /> dtsbu�sement et ths Nate rate and shaD bo psyahte,wiit�(nteres�.upon notiee hom L�der to Borrower requestIr�g paYmenL
<br /> � �. M01tg�g6 In8u1'irtC6. i} Lender requfred moRgage tnsuranc� as a can�ton of maJdng the !oan seracred by Mis �.
<br /> �` Se�riiy tnstnunenL Borrower shaH pay thn prereducns requUed to mair►teln ths moRgsg3 insuranco in eP[ecL tt,for eny reason,the f
<br /> marta,,qge lns�ance covaaga requUed by Ler►�r Iapses a ce3ses to 6e in eftect, Boirativer sha0 pay the pr�ntuRS reGu�d to F
<br /> oDtefi covet�tge stlbstarttlaIIy equNatent to the mortflage insurance prevtousry tn eftect, at a cost substarttiaLy eauiveient to ths E
<br /> cost to Baaow� of the mortgaga tnsurance previousy in ef[ecl, trom nn aitertiafe moM3age insiuer epproved by Lend� It i
<br /> su0stantiaby equkaieri4 mort�ge insur�nee cavemg�fs not uvas'able. Borrow�sha11 pay to Lendes eaeh morrth a sum equal to `
<br /> one�turdltA al the yeaAy mortgage tnsutance pr�ani�nn betng patd 6y Borrovrer wha�the fns�uance ca+enge tapsed or ceased to =
<br /> be{n eftecL LendEx wi+!a�� usa and r�tutn th�.se paymcrtis as a toas r+�serva in F.�u oi mortgage tnsutartce. Loss resave �
<br /> payments msy no tongc�be r�quired,at the opian af lertd�If mort�age(�scurance caverage(In the smourrt end tar the peitad ��
<br /> tt�at Len�requ�)provlded by an Irtswer eppraved by Lend�ega6i 6eeemes ava0ab�e end is oLtafied Bortewer sha8 pay -
<br /> the pre�r�kuns requ�ed to rtsaint�in matgage tnsurance tn eftect,or to pmvEde a Ioss reseve. ucrt0 iho requIreme�t tor mort�ge =
<br /> Insurance ends h accordance�rith amr vrtitten a�eem�rt beMreen Bmrmver r�d Lenda or app5ce0le faw. -
<br /> 9. fn�6CtI6t1.Lender or iGs ageirt may make reasortable entrtes upon and inspecUOns oi tAe Property. Lendet shaD ghrs =
<br /> Borrowa notieeat tAe time ot or pdor to an inspecUon specilytng r�vasonabte eause tor the tnsp2Gfan. F
<br /> 10. Candeaa�na��n.The proceeds of any avrard or rSalm tor damages,d�ie�4 ar cansequenUal,in cannedtan vrfth eny
<br /> candemnetlon ar ather tnMng of arry pait of the Rroperiy. ar tor conveyance in lieu ot asc:d�nnatten. ere h�eby assi�ad end �
<br /> . '.�� shaD be ps:d to Lender. -
<br /> } fn the t�rent of e totel taidng of the RropeRy, the pmceeds shafl 6a appr'ied w the sums seaued by ths SecurHy
<br /> '...{ InsCument whelh�or not th���wfth en}r excess patd to Bartawer. !n ffie event of a parttal tekTng oi the Praperly in whieh V
<br /> .�i tha tatr muicet ialue of the Rroperiy ttnma�intety before tho taidng!s equsl to or{�eater th�n the amount o!the sums secured
<br /> : by this Se�urRy instrumeR tmme�ntEty 6dora tha ffiking, unless Bortower end 6endQ aitsemfse s�ee fn wdling, the sums
<br /> ,� i' secured by this Sewrity Instrumer►t st�U ba te�ced by the amourR o1 tho proceeds muf11�1(�rt by the fo4awtng fradtan: (�the -
<br /> _ total amourrt ot the suma secured immediatet�►betore the tetdrtg,�rlded by @?the tah rmui��ct vatue of the Property immedintety
<br /> betore the taidng My balanoe shaU be pultt t� Borrawer.In ihe e�rart al a(s�tfini faian�,�:i�;,'�e Praaerly tn whtch the talr mazkEt _
<br /> .�`� value af the Rroperty Imtne�at�'y beTore 1R�L�Jdng is I�s than the artwattt.d:H�s s�.ims sesu[ad tmmo�ately befots ffie taSdt�g, :
<br /> untess BoRawer�d Lend�r othenY�se egcee fn wrftksg or unles9 app"sx�ta G�e� other+dse pravtdes, the proceeds sha11 b9 -
<br /> �.:��`' eppYed to the�secumd 0y thia Seouriry InsUument whether or not the sums are thr��sa .
<br />' ,. ? If the Fmgut�(s ahQrtdccra3 by Borrower. or ib after noUee by Le�der to BaRavrer tisr�tha candennor oft�s to madce en
<br /> . �±• aavard or se�ir3 0.�'..et�s tc��ges. 8ortnw�feYs to respond to Lender wHhin 30 �tqs aR�tAe d�ts the notiee fs ghren. -
<br /> :� <; lender ta audtorct�.-�to eo4ect end appty tho procee�,at its op�on, elthc�ta m,3toraHon or repaU oi tha Property or to the
<br />: " sums securc�L"�L�'Js Security Insbvment,wtri�if�u or rsot then di[e.
<br /> .' Untess Len:�r end Borrcwer othe�fcse acyee in writing, artY eDC(G�tan �,t p:_ceeds to prHctp�! st�aA noi ext�sd or
<br /> • . postpone the due�te oi the snonthy payments roterred tm�.gsra�aphs t arrd 2 e4 dr�r�e the amamt of aach Raymatdo.
<br /> � � 11. Borrawar Nat R�taatad; F�armcu i3�g n andor Not A Wzt�r�s�on ot tne umo tar payrtwnt or
<br /> ' 1' modiftcat)oa a!arnwtaatlon ot the sums ser�us�Dy thfs�rau�r Ins3.-.:ncent�anted by�ender to arry auccessnr In inte�est ot
<br /> .��� Barrow�ahaY not opeate to refease tha 6ctzG'ty of thv odgi�al HotrGveer�r Bortawd's auccessors In hte[e.st Lender slrafl nai
<br /> be required to comn�ce preceedngs ay�ir:�it arry successor in §itere�C ror retuse to exterid tYra tot psyrtwr�i or otheewise _
<br /> • mad(y amarti�fton ot the suma secured by thia Security(nstrumeFf by reQ:an of any demend mede by tho ortgkial BoRaser or
<br /> �• �. Bwrower's successors in Inter•� My (orbearance by Lender U exerct3ing eny �t a remedy shaA not tre a wvhrer o!or
<br /> � predude tAe exxcise of eny at,�!rt or remedy.
<br /> � � 12. Succ��sore and Asstgns Bound; .Yo1M �nd Sovara� U�1liiy; Co-sigaora The covenu�ts and
<br /> ag�ts ot this Securiry tnstrumem sha8 birtd and bene6i tha succe�sors and assi�s of Lendet ertd Barawer,subject to the
<br /> provlsbns of paragraph 17. Bnirowers cove�anta end ege�n�ta sha9 be joir►t and seueral. My BorcaHer who co�si�s thia
<br /> Securiry NsUumed brt does noa execute the PYote: (a)ia co-signing tAls Seeurity tnstrument oniy Eo mortgag�gant end convay
<br /> � ti�at BorrowePs Int�rest In tlnu!?rop�ly under the terms ot this Security tnr,trumer� (b�Is aot peraona�y oCHgtted t�pay tRe _
<br /> � �[vms secured by this 8eou$pr Enstrumenx and(c)egrees that Lender and airy ather Borrows mry agee to�er.�11.�:',od'dy.
<br /> 1tc:bar or maice any accommoda�ons wSh regard to the tcmu of thla Secutity Instrument or the Note Mfithout that Bc+rowe�a
<br /> conaenL .
<br /> . 19. 111�CD9t�gee. Ii the Ioan �au�d by this Securfry Instrument ia suDject to s faw whlch sets maxLr�um io�
<br /> � cttarges.6a:+S ilh� taw is Ma1ty interpreted�a•ti�t the irrteresl ad other loan cherges caHected or to Cm c�tecieA in canrteatlon
<br /> vainl tAe Iaarr dcoeed tDe permltted Wu't.,,tf:mc: (a)erty such toan charga ch�9 be�educad 0y the amcur.i necessary tn teduco
<br /> 4'Ye charge to the pertr.ftted llrci� and (D)a�►y susns �(taA�j coBectad trom Botrowtt v�l�tc.l� oxceetled pe�rnu'tted L'r1i1�hrLV d0
<br /> relunded to 6ctrawer. lender may chocso D= make tAtu n�unr2 by reduc�g tho prind,�ut�a+;��d under tfie Note or�y r.a0citttg a
<br /> :;,�: " �9rect paymert t� Borrcwer. If a retund rr:dur.es princip�f, the reAuction �vS! be Ur.u�d es a ParUal Pr�apmerd wftAaut nny
<br />, ':` ' PrepsymmA cltm,e under the fYot�
<br /> 14. PIt3'LL�89.My noUce to Borrovrer provlded far L�itub Secudiy InsUument th�D be given Dy deQv�ing�ur Dy mui+ng ft
<br /> by firct dass meY untess eppltcoble lativ reQulres uso of nrtather mothod. Tho nottco uhnit be dlraded to the Rroperriy Addruos -
<br /> or any other aQCress Bonov�er desigrtatea by noUca to Lender. My noUce to Lende►shall be gtven by flrat �ss mnU to
<br /> � lenders addreas stated hereln or amr other address Lender deslgnatea 6y noUce to Borrovrer. Any noUae provlded tor In thta
<br /> � Security Instsument sheD 6e deerr,ed to havo Eeen given to Botrower or Lertder when gHen es provi8ed in thlo parayaph. -
<br /> 15. �OVeriling LYw; S6Vet�lDllfty. TNs �ecuriry InstrumEmt shaB be gavemed by tederet law end ihe law ot the
<br /> ' judsdiction in whicl�ihe PropeRy►is located. tn the avent that any provision or Gause ot thl�Sewrity Instrvmnnt or tflo Hote
<br /> conil'cts vrith appitcablo tav�.such cont�ai shall not aft�aA other�rovisions of thl� Secuflry InstrumeM ot the Ploto whtch e�n be _
<br />� �ven eHect witAou't the conlHctirtg proviston.To this end the provisions of this Securny In�umcnt and the fVote ere dedared to
<br /> 6a severablo. -
<br /> 16.Barrowor's Copy. Bomrr�er shull be given one caMortn�d copy of the Noto and of tf::s Secudty Instru nt. _
<br />,• �Z.M....:;r�; ��a�s � _
<br /> -'Y a
<br /> 9�7.�
<br /> _ . .. . .. ... . .. .. .
<br /> . , .
<br /> ..
<br /> .
<br /> , . . , . .
<br /> .
<br /> . :. .
<br /> ,
<br /> .. .. , . . .. . .. . .. ,
<br /> , .. � , .
<br /> . , . , .. . . ..,.. . ..,_ ... . ., . . . .. ..
<br /> .. . . . ..._ , .. ,t,
<br />
|