|
. .
<br /> , ,,.:. . . a: . _
<br /> , . . .. , �� .. . • ___________ __ w..`.�L.(1L.PP.�y. ..��._-_
<br /> ��::�s �s_r��.e.n__�-.�-= —
<br /> , '•i�SYi_:a,rr.,�nw..a....-_�.-r.. ,.�------�
<br /> . ._.. . . . . .. .._._.. . –_ . ._. . _._. . . _._.
<br />_ 9�� �.03`7'94
<br /> payntcnis rony n��langer bc rcquired,nt the opt[on af I..ender, i{martgngc in�u�a�we cc�vc�ugc(�r.thc:,.�:o;�nt�si�e�r rhr.�erind __
<br /> �ii��I I.CI14jC1' i'C(lU�k'CF��)1'OVI(IC(I LlY an i�isureti•n�prnvCd by 1..cndcr uuoin becomes avnilahlc:►nd is obtAined. Boe+•owcr shall p�y -
<br /> thr,�rcmiuins required to maintain mort��gc insur�ncc in cffc�t,ur to providc a loss rescrvc,untfl dic rcquircntcnt for mmt�;agc
<br /> insurnnce ends in uccordwicc with an,y wi7ttcn agrec�icrrt Uetween IIorrower und Lendcr or upplicnblc law.
<br /> 9. Insp�ctton. [.endee ar its ugcnt may makc reasonablc cncrics upon and inspectians of tt►c Propciiy• Lcndcr�;hall �ive
<br /> Borrower i�ottce ut the time af or prior to an inspcction specifying rcasonublu cnuse for tl:c lnspectlan.
<br /> 10. �onden�nriiuii. Tha p.ac:.:.�; of any u:���rd ar cleim f�r dsimaees, diract ar�onsequendal, in cannection with any
<br /> ccu�lcn«�atiun or oti�cr taking of any pare of IhP PropcsYy, or f�r conveynncc in lieu of condemnatlon, are hercby assigncd und r
<br /> �i�uii��,atd to L.,.�r,3a:•
<br /> ]n tlie event af a total taktng af'the Property,tho proceeds shall be applied ta the sums secured by this 5ecurity ins[rumeni,
<br /> whethcr ar not tlicn due, with nny excess paid to Borrowcr. Jn the cvcnt of n ptutisl taking of the Property in which the fair
<br /> �nArkct vuluc of the Property immediAtely before the taking is equal to or greatcr thmi the amount af thc sums secured by this
<br /> Sccurity Instrument immediutely befare thc taking,unless Eoaow�r and Lcndcr othcrwise ngrce in�vriting,the suins secured by
<br /> this Secueity Insirumcnt shall be reducQd•by the nmount of thc proceeds multiplicd by thc following fractton: (a) the total
<br /> amount af the stims secured immcdiataly before the taking, divided by (bj thc fatr market value of thc Property imiued9ately
<br /> before the takins. Any balunce shall be paid to Borrower. In tlis event of a partinl talcing of the Property in which the fair
<br /> market velue of the Property immediately before the taking is tess than the amount of thc sums secured immediately before tlie
<br /> taking, unless Horrower arid l.ender othenvise Agree in writing or unless applicAble law otherwise provides, tlie procec,�ls sh;dl
<br /> be applied to the smns securecl by ihis Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower. or if. ufter notice by Lender to Banow�r that the condemnor offers to make an
<br /> award or settle a claim for dnmages, Borrower �uUs ta r�spand to Lender within 30 ds►ys ufter the date the notice is given.
<br /> i.�nder is authorized to cc►liect und upply the proceeds,at its option,cither to restoration ur repair of the Property or to the sums
<br /> secured by this 5ecurity Instrument,�vhether or not then due. �icatinn of roceeds eo principza shnll not ext�nd or
<br /> U�iless I,ender and Bonowcr otherwise agree in writing, any app' P
<br /> postpone thc due dat.,of the monthly}�ayments referred to in pnrngmphs 1 and 2 or change the amount of such paymenis.
<br /> 11.Borrower Nat Released;Foribearance By I,ender Not e Waiver.L'xtensioa of the time for payment or maciifi��tion
<br /> of amortiz�tion of the sums secured by this Security Instrument granted by I.eiider to any successor in interest of Borrower shall
<br /> not operatc to release thc lishility of the origtnal Bnr��awcr or Borrower's successors:n interest. Y.ender shnll not bc r�quired to
<br /> com�:nce prac:eedings against uny successnr in interest or refuse to ektend timc for payment or othenvise modify amastixation
<br /> of the 3uans secureci by this Sccurity Instrument by reason of any demand made by the original Borcower or Borrower's
<br /> successors in interost. �ny forbearance by [.ender in exercising any right or remedy shall not ba a wuiver of or preclude the
<br /> exercise of any right c�r remedy.
<br /> 12. 5ucce.s4ors pnd AssSgns Bound;Joint and Several Liabll[ty; Casigners. The covenunts nnd agraments of this
<br /> Secusity Instrument shail bind and beneCt the successors and nssigns of I.ender and Borrower, subjcet to the provlslons of
<br /> pamgraph 17. Borrower's covenants and ugreements shull 6e joint nnd several. Any Aonower who co-signs this Security
<br /> Instnunent but does not exccute the Notc: (a) is co-signing this Sa:urity Instrument only to�rartgage, grant und convey that
<br /> Borrower's inte,tst in tha Property under the terms of this Security Instrument; (b)is not personally obligatod to pay tho sums . ,
<br /> secured by this Secufiity Inctrument;and(c)agn:a9 that Lcnder and any ather Bonower may ngcee to extend,modify. forbear or
<br /> make cany accot►unodaeions whh regnrd to the terms of this Security Instrument or thc Note without that Borrower's consent.
<br /> 13.I.o�n Cfwraea.If the laan securod by this Security Instrument is subject to n law which sets maxi�num loan charges.
<br /> a�xl that law is finally interpreted so thet the interest or other toan charges collectecl or to be collected in connxtion with the
<br /> loan exceod the perntittal limits,then: (a)any such loan charge shall be reduced by tho amount necessnry to reduce the charge
<br /> to the permittai limit;and(b)anY sums already collcetal from Borrower which exceeded permitted�imits will be refundod to
<br /> Bormwcr. Lendtr muy choose to make this refund by reducing the principal owed under the: Note or by making e dirext
<br /> payrrient to Borrower. If a rcfu�xl reduces principal� the reduction will be tmatcd ns a partial prepayment without any
<br /> prepayment charge under thc Note.
<br /> 14.Nutkes.Any notice to Bo�rower ptovided for in this Security Instrument shall be given by delivedng it or by mailing
<br /> tt by ficst class mail unless applirable law requires use of another i�cthod.The notice shall be directed to tlx Property Addctiss
<br /> ar any nther address Borrower designates by �»tice to Lcnder. Any notice to Lender shall be givea by first class mail to
<br /> L.e�xler's a►ddress statod herein or auy other addmss Lcnder designates by notice tv 8v,wwc�. tiny zc::c:•����°�''- f°� °n`-h�••
<br /> Security 4nsuument shall bc damed ta have bcen given to Horrowcr or L.ender when given as providod in this paregraph.
<br /> 1S.Governf►� I,nw; SeWerabfl�ty. Tliis Security Inst�umene shnll bc govemcd by federal law and the law of the
<br /> jurisdictian in whieh the Propeny is located. In the event that any provision or clause of this Sccurity Instrument or the Noto
<br /> conflicts with app]icable law,such conflict shall not affxt other pravisions of this 5ecurity I��strumcnt or the PIote which can be
<br /> given.effect without the conflictiwg provision. To this end the provisions of this Security Instrun�ent uced the Note aro declared
<br /> to bc scx�ruble.
<br /> 16,Borrower'�Copy.Borrower shall be given one conformed copy of the Note anet of this 5ecurity Instrument.
<br /> Form 3028 9180
<br /> Pags b ol E
<br />
|