|
�
<br /> �f�ll���� _ . ' - . - . - - �.� :_ _ __---
<br /> .. ......s`- .ru,tiY.�—'.�+.+'�+++.�+�7t�.a�.4+.Yi _ .
<br /> �„' _--_ . ._.
<br /> . 8orrowr rr►ay aua sucA � �iMwp �nd ninstrte. aa provld�d in Mr�pr+W� 1B. by c�usn4 the �ctan or procwdwip ta bv �
<br /> diam{sswi witt►�rulinq that,n Undu'� flood faith dM�rmk►albn.pr�Ck+d�a tort�ilw� o!tho Baroww'a int�nst in Ih� Rop�rty or
<br /> • otfitt nuteeia!lmp�frn►�n! o�ths iert crwted by tN� Soc++nty Initrunwnt a l�r►dic's sxwdY htorut. Borrowor sha!!alto bo �.�
<br /> d�EwM M Bortow�r. durinq lA� 1o�n a►�pMC�tbn procasa. yav�rtw►t�isiiy W� or:wc:u++�t�M�fumiztk�n w statarnants to Landw(or (Q `..
<br /> taYsd W proykir Un� Wk►► any ml�tari�l inlormation) Mi cauwcGon w�th thQ k�a+i ovldan� bV tha Nota. k�clud:ny, bvt not � �
<br /> Irnibd to. r�xqer�lallon� conCwnln9 Bortuw�r's occu�ncy of th� Prop�ty �s � ptinapal raWant,P. B thu S�curtty � —
<br /> I�sWm�n! b on � bas�ho�d, Bor►oww sAsM comply with aY Ih�provlsicxis of ths Nai� 11 Bonoww scyuiros fee t�Ne to the � `
<br /> Pta�p�Ay,th�haa�hokf and t�o k+tiW shaY not rtw���unl�s� Unc1K ayrNa lo IhR ►nKp�r In writ+ny. (� c
<br /> 7. Prdt�:ii� c�t I.o�d��'� R!�`.ts Q�L!=s Fr�os'ty. K easawa taila to p�tam tM cov�r�a�ts�nd�grwn»nts =
<br /> conWn�d in tl+ia S�r�+Ajr Ins&wna+i�. ar th::a L a la�:!P+cce�dinC tlut maY a�ni�cantN wtWct lmd�r's riphts h tM R'opKty � _
<br /> (wch u a proaa�c7inq fn Dankiuptcy.probata.lor cond«nnatan a forNiiur�or to wiTa+a Liwr or raqulattans),than londar may Q —
<br /> da�nd pay tor whstwK b n�c�sary to prot�c!th�v�lw o1 tha F�roPutY and Undr's�ht�L� tM Prope�ry. lond�'s actions � -
<br /> may includo paytinq �ny wnw to:u�a3 by c I:�� w;til:,h has p.�ior�y ova this Se�►rily MeNxr�ent. aPt�ri^4 In cowt, P+Y�^4 i.1 =_
<br /> rwsa►abl� aitan�yri'iMS�nd �ntwh�on tM Rop«ty to m�k�npalra.Atthouqh Lyndrr mey tak�acUon und�r this puaprsph —
<br /> 7.lendar e:aa nol hav�to do w. -_
<br /> Any urlxwnta disburs�d by LN►d1t und� parayraph 7 shall b�conN additlon�! d�W o!Borrowor sacurod by thls SecutitY
<br /> {nstrwiknt. U�ss Harow�r and l�nd�► �prN to olhw t�ms of paymM+t, th�as amotu�ts shaJl 6au intenst kom tha data ot —
<br /> dkhursr�►�t�t tM Not�tata and sh�Y b�payabN,wlil�intwat,upon notic�trom L�ncMr 4o Borrowar ro4u��9 PaY^w►t. —
<br /> 8. �ROrtgiip0 Ins1lf�1C�. N L�nd�r nqufnd martpay�hwranc� u • cond'dlon ol makln9 tha loan c�cund by this --
<br /> .�uky InaUUm�nR BoROwK shW pay tM pr�r�Nm� nqulnd to m�k►taln th�mortpay�incur�nc�In all�ct. H, fa any rNSOn,tha _
<br /> mortq�p� inswanc� cov�rag� �pujnd by L�d�r Wipaw or c�as+c to b�tn �Itkt. Bortow�r:haG pay tha pra�wrms rsqur�d to
<br /> cpiain r,ovaraya substanti�Ny oqulvalwit to tha mortyaqe kuurt�nca pr�vbus►y in eHact. u a cost wbstantiauy equivalwit to the
<br /> cost to Bcxrowar o4 th� mortyayo inwranca pravbusty In �ffacl, ftom an aawnate mortgape ins:uar upproved by Lander. II
<br /> substantlo4y aquhralant nwrtQaya inwrance ccvenpe is not�valMDb. 8aroww shaM pay to londor oach month a sum equal to �
<br /> oru.ty,��lth o11ho y�ad�t mortsa�e insurance pr�tnlum bOfnQ paid by Barrawer when lh�Insuranr,e coveraye lapsad or caased to
<br /> bs h Ml�ct, LonciK wiY acc�p�us��d nt�k� fh�s�p�ynwnta as a Ioss nsa�ve in Yw ol mortgage insurance. Loss �oserva
<br /> paym�nts may no bny�►M hquk�d,�t tM upUon of Under, i!mortqaqe ins+uanc� CoversW(in the amount and fw the pwiod
<br /> th�t Lw+cbK roqukas)provfdeci by an InsurK apptovad by Landv asak�be:.a+nac available and is obWlned. Borrower shaU p�y
<br /> tM p+�+r�me nquY�d to mainWn moRq�9e ins+uanca In eHact. or ta provida a loss �eswve,until the requirwnent for morty�e —
<br /> fnsuranc� �nds In acCOrti�nce wqh�ny wAti�n apre�nwnt batwwn Borrowx and Lt�ndor a appYc'.aDi�{aw.
<br /> 9. (�1spWCtlOt1. LoncNr or its a�nt rr�y malco nasonable entrios upon and insMcUons of tha Property. Londx shaY Qive
<br /> Bocroww notico�t the tkrw ot or prior to an inspxUon sp�rin9 raason�Wa cause tor tha tnsP�ctlon•
<br /> 10. Condsmnation. Th� proceeds ot any�wud or cJaM tor d�rtupss,diroct a conspu�nUa1. in connectlon wdh any
<br /> cond�n�at3on or othr t�khp o1 any part ot lh�Prop�rly. a tor cooveyanc�in lieu at cond�ution. are henby asslpnad and
<br /> sMN ba p�id to Undr.
<br /> I� tha want ot a total t�kY�y of the PropeRy, th� procMds s1uY bs aOPw�d to the sums s�cund by thls Seauidy
<br /> MtinunK►t,whMhr or not than dw,with�ny axc�ss pald to Baraw�r. In tM w�nf o1 a p�Uat t�khy ot ths Property in which
<br /> th�taY irwdnt valw W tM Pro�ry irtun�diatdY bdon the takk�p ts pual to a yre�tr th�n th�amau�t ot tfu sums s�.vnd
<br /> by tNs S�curi�► Inst�w+t irtnwdiat�ty bdor� the t�WnQ, w�l�ss Bortow�r and L�►d�r othav�ise aprM in writinp, the sum�
<br /> s�cur�d by th(s S�cwity instrument ahaA b�nduced by the�R o1 ths proc�sds rtw�ed by tht Wbwiny tractbn: (a)t[�
<br /> ioial a�aunt W th� wms soau�d YxreaatalY beforo th�takiny,dtzi�d bY(b)the Uk m�rk�t valw of ths Pirop�rty Mm►wdiaL�'
<br /> c.tore cn.wan�.Rny oat.nce sr�ar�. p.w�o eoROw«. u,cns.�+s a a putid takJnp W ttN Propwty in whkh tha tair mri:ea
<br /> Y�MJ!0�th�P�Op�A�I{rt11tMVI�L�IS/ b�lOt'�1h�fikh� ii NCi tAi(1 L'1R i1110UiLt 01 1h� iWll� S�q�fld IflY1'N�1��N bMO��th�t�{GN1��
<br /> tlfl{�Si BOROWM ifld LMIdlr OUI�IWIf! iQtM 111 ViCi4R0 Of WINii �QYC'.�1M INW OIA�fWlf� pfOYld�,f, tI1� p10CNds iF1YY b0
<br /> �I�d 10 fM iUhli t�C1Y� DY LI1Ii S�If1iS(WIM�I�WM1F1if OP flW U1!iYMi i��tMll �Ul.
<br /> N th� Prm�rtv ia ahr►don�d bv&nowr. or i!. attw notiu bY l�to Borrowr ttw tl+e condertnor olf�s to malu an
<br /> .. ._ . _
<br /> aw� ar s� a esY�►tot c+smayros, 8orrowa tils to nMand to Und�r within 30 davs att�►th� d�t� tM no&� is Qtv�n, --- -
<br /> Lendr is suttfaizsd W coN�ct�nd apply th� proc�, �t ks optlon,dthr ta nstwWon or �epair ot ths Prap�ty or to the
<br /> sums saau�d by this S�curity Instn�n�n�wh�thx or nol the� due.
<br /> UnNss L�ncJ�r a�xf Borroww othanvise a�ee in writk►p, any appYcsUon of procaecis to principal shal not axt�nd u
<br /> postpon�ths dw d�Ge ct the monthly WYm�nts nl�»d to In p�rayraphs 1 �nd 2 or cM1�n�e the�mount ot such payrtbnts.
<br /> 11. Borrowar Not RN�asKi; Forb�aranC� By I.s�du Not !Wsiwr.Ext�nalon o!the tkn�tor paym«+t ot
<br /> modiAation of enoNaidon ot the s�w�s s�cund by thb Satxily iwavunx�nt qr�ntad by LsndK to anY suceasor h intercsi uf
<br /> Barrow�r sh�M not ap�at�to nt�as�th�WaEity of the oriyhal 6arrowr o►BortowK's sucassors h intwst L�ndr shaN»ct
<br /> M nqur.a co corwa�wic. proc.ad�s +q�nst arcy wccasor in tnterest or n�,s. to extend tim. tor p.yn�«�t u ocn«wae
<br /> rtwdify arr�ottlrWon W th�wm�s�curod by thk Sea:r�y lnstrum�nt Dy reason ot any dwturtd mad�by the aiginsl Borrow�r u
<br /> Bortnwr'a wccessors h hirast Any fo�b�r►c� by Lender in exercisfnp any r{�ht or ren�ly ShaY not 6�a a walvr ot or
<br /> pndud�th��sa ot any riyht or aw�wdy.
<br /> 12. Succ�ssw's snd /lsssyns Bound: Jo1nt and Sw�►al Ltabllity; Ca-a6�nar's. The eovena:+ts and
<br /> aynMn�t►ts W this S�axityr Insaunwnt sh�q bk�d an�bm�fd th�succasors and assipn:ot t�ndr ar►d Bort+owa, suDj�ct to tfu
<br /> . provhbns d p�raQrsph fl. Butawe•s cov�nants and ayrMnw►ts sh� be jdnt snd swanl. My Barowa who co-slyns thb
<br /> S�ar�y insLut�►t but dots not sz�cut�tha iNote: (a)ts ca-slynhp thb S�audY Inshurn�nt oNy to moRgay�,ynnt and convey
<br /> tAat BaROwM's htMrst in th�ProprtY und�r the tertns of th:s S�cwity Instrwnen� lb) it not W�'s��Y ��� R�Y�
<br /> swns s�a+nd by Ws S�ewMY kayue»�►� �nd (c)aprNS tIW Lend�r �nd �ny oUw Bartowr mry aQw to �nd, nwc�
<br /> fabw or a�ic�any a� wah reprd to th�trms of thb Seari.y Instrunwnt or�}u Not�wAhoui that BoROwai•
<br /> eot�nt
<br /> 13. LOan Ch�r�s. M tM ban sscund by this S�auidy Inslnun�nt ls wbJed W • yw whlch sis rtwdnwim ioan
<br /> char�t. and that hw b Tinaly 1nUrprded so ttu4 S!�intanst or oth�r Ioan chrry�s coi�cl�d or W W coiec0ed in conn�ction
<br /> wRh th�lom axcesd th�p�rsritt�d Ynits,th�n: (a) any such ban clwpe shall!�e radiued by tM amount n�cessary to reduce
<br /> U,e dti.rya w tl,.p.r,nitced imi� .na(b>.ny s�r�u.r..ay coY�ct.d f�aarr 6orrowa wWcl, axc..aad pa�mit�d rmits,�11 6Q
<br /> rMu�d�d to Borcowa. Londar may chooso to make thls re(und by reducin9 th�princlpal owed under the Note or by mai6ng a
<br /> dirsd paymmt to Bortowa►. II a rWund reduces princlpal. tM reducUon wi4 b� Ve�tod as a parti�l prapaymont withaut any
<br /> P�aWY�'�M�t CMI[Qs wldM the NOt�. �- .
<br /> i4. "'`..�a«r�'s.iLry�w'.ic�+.o ^ow�r+w�W:+�r3+:G tw-i�tr.:�,:.ris��r�-�r.:.�t..-:i:t�:sa�,c:«�by�:�...�'si os a;�r._'r^..�e
<br /> by first class m�il �s ap{�1cabN law raquires use o1 anoth�r rtwRhod. The notita shaY be directed to tha Proparty Ad��ass
<br /> a any othK addrt�s BoROw�r duip�atss by notiu to L��irr. Any notica to L�ndr shall be yiven by Gra! dass mai to
<br /> L�nd1r's addnas si�t�d hr�in or any othw addnss Lender dnipnatM by notic� W Barowx. My notiGe provid�d ta in tlsis
<br /> See�rity 4utrunMr►t shal b� dwrNd to hav�bMn giwn to Bortow�r or L�nOer whan yiven a provid�d in this para9raph.
<br /> 15. Govsminq L�w; SYV�rabilily. Th�s sacurity uuwmm: shaY t» govKn�d by t�a� law and th� Iaw of the
<br /> ru;sdia�o�► n wrora,cr,. �oP«ey�s ac�c.a. u, u�.e�.�cn�any aov�► o► a�,�. a uus s.cwuy �,saun,eot o►u,s ruo�e
<br /> conwicts with appBcaW�ww. wch conUict shail not dNct oth�r provkbns o} this S�aurty Instrummt or r�M Not�which can bs
<br /> ytwn Mt�ct withou!tha conlictinq provislon.To thls �d!ha provision4 ot Uws S�au+Ay InsWrrienl and the Note ue dedarad b
<br /> b�sav�rabb.
<br /> 16. Bo►roww's Copy. Borrowar shaY be qivan ona contorttwd coPY W t1w Naw and ot tNS S�uity�nstrunw�nt.
<br /> _ F1316.LMG(3,96) Pap�3 ot 5
<br />� -
<br /> .�
<br />-� 960`.�
<br /> �
<br /> �
<br />
|