|
.l '� ;. .. � �L'ww��.I.+'n. . . . . - . ....a.. .rt�-'_"" ." .•_i._.. '.'1__"""
<br /> .
<br /> . - _ .t+•�~ !i "�1•JA"�.:�.��..
<br /> ' 1Y4 _Pwi�Mw�a.4YJ1�wh... .. ..a..0 ______ _ _ -. ..— . ..... _ ._ _ . e�..-.
<br /> —�� ��J .r� ', f .���..
<br /> ..�lf'= �'�wN���`� "i'� � ,./•� �.1�I.L _ . :-caz-r.'-cr--r_-�_— _ �.,..�._._. -._ .�...._.�_�_. .. _—_.
<br /> . _
<br /> �. .� •.. . � ...�� . .....�as.__ 'T^_ -ts-
<br /> :e.'.r+ � ':T!q!':"' _."' '+�^ e.. ..
<br />::_��� . -- --- �- 96-�,0��."sb =
<br />-;r� • Aubsauitkdly cyuivnlent mortgage In�+urancc crncrugc Is not uvnfiabtc, Elorrower shtdl pny ro I..endcr ench month a sum cqual to
<br /> � c�ne-twelfth��f the yenrly mor�Bnye insurnnce peemium bein� patd by Aorrawer when tho insurunce covera�e Inpsed or censed ta
<br /> {�c hi cffcct, l�:nacr wlll ncccpt,usc�nd retuin thcsc paymcnts ds .1 I059 rescrvc in liea of ntort�;u�c iitisurancc. Los� rescrvc __:
<br /> ° 'paymcnis inny no longc��hc rc��ulrcd,��t tl�c uptinn uf l.cndcr,if mongr�i�c insue+mcc a�vcr��Qc(in thc nnusunt nnd for thc perfod �
<br /> Ihut I.cndcr rcy►�ires)providr� hy cui In��urcr�q�pravcd by I::ndcrr nguin hc.omcs uvuilnblc nnd L•; uhinincd. flnrrowcr slndl pny
<br /> tlic prc�rduuis rcyalrcd tu mninlafn nu�ngn�c insur�uicc In cffcct,or to prn�idc u lutis resCrvc,uidil lhc reNulrcmcnt for murt�u�c _ _
<br />��_ .� . insurancc cnds In nccurdnnca wlth�u�y wclttcn ugrccntcnt bcEwccn Anrrowcr tutd I.cndcr ur uppllcni�lc luw. __
<br /> q, OtyvNect�on, L.cn�ler nr Ue+ugcnt muy mako rensonnble entrics upc�n nnd inspccUons c9F the Prc�perty, Lendcr shidl give —
<br /> ,� Borrowcr n��tico ut thc timc c�t'��r pri��r to nn inspcctinn npccii'yln�ra�.tie�nnblc cinisc Pur thc inspection. �,
<br />��� lb. Candemnwtlon. 'I'he prixe�dh ��i' uny uwui�d or clalm tor dumuges, direct nr ronscqucnUul, in comicction with uny _
<br /> condemnn�ian ur otl�er tnkinB of nizy paM cf the Aruperty, or for conveynnee in lieu��f cundemmitton, ure hereby assigned and ��'
<br /> -- shuii nu puiu iu i.�;r:ier. ._..._..»..... �--
<br /> -�� In thc cvent of n totnl tuklns oT thc Property,thc procccds shidl bc upplicd to tlic sums sccurcci oy�iu,Sc�:uuiy������w••••.��•.
<br /> -_�� whcthcr or not then duc, with nny cxccss Patd a� Qorrow�r. In thc event oi'u partial tal:ing of thc Property in wh�ch thc fuir
<br /> markct vnluc��f d►c Pmperty immediutcly bcfare thc tAking is cqunl to or grciucr than thc umount of thc sums sccured by this
<br /> Securiry Instrument immcdtntcly beforc the t:+king.unlcss Bc�rrower nnd I.endcr athcrwise agrec in writinb, thc sums securcd by
<br /> ' this 5ecuriry Instrumeni shall bc reduceci by thc amount of the proccecls multipUed by the followin� fraction: (u) the total
<br /> �'� umount of thc swns securcd immediatcly beFore thc taking. divided by (b)thc fair market value of thc Property immediatcly
<br />__�� heForc the taking. Any bulance shull be paid to Borrowcr. In the cvent of a partial tnking of the Praperty in which the fair 6
<br />--�� murkct vnluc�f the Property immedintely before�hc tukins is less than the amount of the sums secured immediately bcforc thc
<br />.:�<<�� taking, unlcss Borrower and Lendcr othcrwise ugrec in wrj,ting or unless appllcuble luw otherwise providcs,thc procecds shuli
<br /> _ -- tse applicd to thc sums,secured by this Security Instnimcnt wlicther or nat the sums arc themduc.
<br />.;�� If the Property is abandoned by IIarrnwcr,oe if,atcer notice by L.cnder to Borrower thst the condemnor offers to maE:e nn
<br /> award or settle u cluim for damuges, Borrower falls to respond to i.ender within 30 days after the dnte the notice is�iven,
<br /> - Lender is uuthorized to wllect and apply thc pro�eeds,at[ts option,eithcr to restoration or repuir of the Property or to thc sums
<br />-"��� secured by this Security lnstrumcnt,whether ur uut then duc. �
<br /> ra�.� Unlcss Lender nnd Borrower otherwise agree in writing, tuiy application of proceeds to grinclpal shall not cxtcnd or �
<br /> postponc thc due date of 1he mond�ly pAyments referred to in paragraphs 1 and 2 or change tiie smount of such payments.
<br />_-:_�,:� 11.Borrower Not Released;Forbearnnce By 1Lender Not a Walver.Extension of the time for payment or modification
<br /> � of amortization of the sums secured by this Security Instrument�ranted by L.ender to any successor in interest of Borrawer shall
<br /> not opernte to release the liability of the ori�inal Bonower or Bonower's successors in intemst. Lender shall not be reyuired to
<br />::�,a� wmmence proceedings against any successor in interest or refuse tc extend time for payment or otherwise modify amonizution
<br /> Y �uccessors in interest. Any�fo Sbcaruicetbyt I.ender bn exere sing any right or remedy shallenot�be a wai er of oripBeclude the
<br /> exercise of any d�ht or ren�edy.
<br /> - 12. Successore and Assigns Bound; Joint and Seve►�al I.labllity; Co-signers. The covennnts and agreements of this
<br />_�- Security InstrUment shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> __ __ paragrnph 17. Barrower's covenunts and agreements shall be jofnt nnd several. Any Borrower who co-signs this Security
<br /> - In��;��t,��t �i��nnt execut�the Note: (u) is co-signing this Security Instrument only to mortgage, �rnn,�t�u^d conhPy`�ac
<br /> - - Borrower's interest in the Propercy under the terms oi tnis aecuriiy insi�u��ici�i;ib}ia not�;.r�•ana!!�.,blia......_._F:, --.=�
<br /> - • secured by this Secetrity Insttvmenr and(c)agrees that Lender and r►ny other Borrower muy agree to sxtend,modify. forbcar or
<br /> make any accmnmodations with regard to the terms of this Security Instniment or the Note wuhout that Borrower's consent.
<br /> 13.Loan Charges.If the loan secured by this Security Instcument is subject to a law which sets maximum loan charges,
<br /> and that law is finnliy interpreted so that the interest or ot6er loan charges wllected or to be collected in connection with the
<br /> loan exceed the permitted limits, then: (a) any such lua.n churge shall be reduced by the amount necessary to reduce the charge
<br /> to the pern�itted fimtt;and (b)any sumE alirady collectcd from Borrower which exceeded pecmitted limits wlll be refunded to
<br /> Borrower. Lea�er may choose to make this refund by reducing ttie principal owed under the Notc or by muking a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction w►ll be trcated as u purtial prepayment without nny
<br /> prepayment chnrge under the Note.
<br /> 14.Notices.Any notice to 8onower provided for In this Security Instrument shall be given by delivedn�it or by mailing
<br /> it by ficst cless mail unless applicable law requires use of anather method.The notia:shall be directed to the Property Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to 3.ender shall be given by first class mail to
<br /> L,ender's address stated herein or uny other address Lender designates by notice to Borruwer. Any notice proeided for in this
<br /> - Security Instrument shall be deemed to have been given to Bonower or Lender when given as provided in this paragcaph.
<br /> 15.Governtng Law; Severebtlity. Tliis Security Instrument shall be governed by federal law and thc lnw of the
<br /> jurisdiction in which the Property Is located.In the event that any provision or clause of this Securit,y Insuument or the Note
<br /> conflicts with a.pplicable law.such confl{ct shall not affect other provisions of this Secutity Instrument or the Note�vhich cun be
<br /> given effect without the contlicting provision.To this end the provisions of this Securiry Instrument and the Note are declared
<br /> to bc scvernble.
<br /> 16.Borrower's Copy.tiorr�wer shati be giveu uua c:.mt'o:�rc�ccp)cf the r?ote e.nd ef tl��s��uricy Instrument.
<br /> 17.Trans&r of the Property or a Beneficial Interest in Iiorrower.If aU or any part of thc Property or 1ny interest in it
<br /> � is sold or transferred(or if a beneficial interest in Bonower is sold or transfcrred and Bonower is not a natural person)wtthout
<br /> - Lendcr's prior written consent, L�nder may, at its option, require immediutc payment in f�ll of all sums sccured by tl�is
<br /> Security Instrument.However,this option shall not be exercised by l.ender if exercise�s prol�ibitetl by federal law as uf the date
<br /> of thts Security Iustrument.
<br /> If L.ender exercises this option,Lender sl�all give Bonower notice of acceleration.The notice shall provide a period of not
<br /> less than 30 days frum the date the notice is delivered or mailed within which Bonower must pay till sums secured by this
<br /> Security Instrument. If Borrowcr fails to pay thesc sums prior to the expiration of this period, Lender muy invoke any remedie.s
<br /> - permitted by this Sec:urity Instrument withaut fiml�er noticc or demand on Borrower.
<br /> - -��-- 18. Borrower's RiHht to Relnstate. If Borrower mects certain conditions. Aorrower shull have the right to hnve
<br /> -------- enforcemcnt of this Security Instrument discontinued at any timc prfor to che earlier of: (a) 5 days (or such other period as
<br /> __-- npplicahle luw mny spccify for reinstatemcnt) before salc of the Propeny pursuant to any power of sate contained in this
<br />- °=� Securiry Instrument;or(b)entry of n judgment enforcin�this Securiry Instrument.Ti�ose conditions are that Borrower:(a)pays
<br /> ___'""'�� L.ender ctll sums which t hen�vould be duc under this Security Instniment and the Note as if no acceleration had occurred; (b)
<br /> -- cures any default of uny ottier covenAnts or a�reements; (c) pays �ll expenses incurced in enforcin$this Sccurity Instrument.
<br /> -" = including,but not limfted to,rcasonable attorneys' fces; and (d)takes such action as Lcnder may reasmiably require to assurc
<br /> - that che lien of this Security Instrument, Lender's rights in thc Properly and Borrower's obligation to pay the sums scc:ural by
<br /> �:�� this Security Instrument sh�ll continue unchanged. Upon reinstntement by Bonower, this Security Instrument und the
<br /> - .__��r.�.....�,o►� ramuin ti�ilv effective as if no accelerAtion had occurrcd. Howcver, this right to reinstate shall
<br /> OVltxtlttutl�su.u�w uo�w� .....». ------- �
<br />':;�=���� nut npply in the c�se of accelerntion under para�rnph 17•
<br /> ��`�-°'� 19. Salc of Nate; Chnngc of l.oan Servicer.'the Notc or a partinl intcrest in thc Note (tugethcr with this Security
<br /> .�-,_n .
<br />"s`:�� instrument)may be sold one or more times withuut prior noticc to Borro�ver. A sale msy result in a change in thc entity(known
<br />_��;,�: ns the"Loan Serviccr")thnt collects manthly payments due under the Notc and this Security Instn�ment.The��c alsv may be one
<br /> -,a,a,;;,;�_ or nwre chnnges of the Loan Servicer unrelztai to a snle af thc Nota If there is u chunge of the Loan Scrvicer,Burrowcr�Yill Bc
<br />_;�}�"t'': given�vrittcn notiec of the cluingc in iiccordance with paragmph 14 above itnd�ppiicablc law.`fhe noticc will state the namc und
<br /> �•-� �ddress of the new Loan Servicer und the adcfre�s to which payments should bu mada The notice will alsv contain any other
<br /> '' informution requircd by applicablc luw.
<br />,������ 20. Hazarclous 5ubstnnces. Borrower shull not cause or permit ihc presencc, usc, disposal, stor,igc, or rele:isc of any
<br /> ''',.��'" i Haz:+rdous Substunccs on or in the Propeny. 8onower shall ncit do, nor ullovi anyonc elsc ro do, anything affecting thc
<br />_'��• Property that is in violution of any Environment:�l Law. The preceding two sentences shnll not apply to the presenco, use, or
<br /> .�3,.,�, storage on thc Property of small quantitics of Hazardous Substanr�s that arc gencrally rcrognizeci ro be apprapriatc to normal
<br /> ' �. �� residcntial uses and to mninten�nce of tite Pmperty.
<br /> ,; . ` Payo 3 0l d Fb►m 3028 9190
<br />
|