|
,4., .�:�r,..^.• , Rr . :�.
<br /> - r.Ft .i1'7 •hvae.r.- - - , oC. .,.. - --�
<br /> .r.t.4.-.... ;;,Y�...e..e�-.. . .._ . .. :.:i.... - ....._ __
<br /> � ��Mlliuwl��wl�f%1:=:� �.ti::�'`ix — .��
<br /> ��19imar=y, _ :�Yn4�.� _.. ... �'�_"
<br /> � 96W �t���1�5
<br /> ��ayme.nts ruay ncx lonc,�er bc requircd,nt the optim�of lLender,if nzartgage insurancc covera�;e(in the nmount cntd tbr tiic{xriud '
<br /> Q�at �.c:��der ►���uirs) provided by an ii�surcr ap�rovcd by I..endc►•again bcco►ncs avni{u�lc nnd is nbtaln�d. �ltir��uwc�ssia!i p:.y
<br /> i.
<br /> the premiums requirtet to muintain mortgagc lnsurunce in effe.�:t,ar to ptovide n loss reserve, wltil the requirement tiu•mongc�gc:
<br /> insurnnc:e encls fn :aanl4nce wlth any written agreement behvr.en l3orrower und i.ender or nppltcuble luw.
<br /> 9.6r�pect[on,Ler�dcr or its ugent may make reasanaUle r.ntries upon and inspc:ctic►ns of die Property. l.r.ndcr sPiall give
<br /> Borrowcr nodce at th� Ume of or priar to an inspo�tlon��eci{ying reasonablo cause for tl�c inspeciion.
<br /> 10. Condesnn�tion. The proceeds af any uward or cldlm for damages, dlrect �r consec�uential, in con�cctian with u�ry
<br /> condemru►tion or othcr tolcing of any part of ttu Propeny,or for conveyance in lieu of cutxlem�atiun, urc hereby assigixd and
<br /> shall br paid to[.e:nder.
<br /> In thc evcnt o(a tatel taking of thc Property,thc proceod�shall be upplicd to the sums secured by this Security Insirument,
<br /> whether or not then due, with any excess patd to Bor�+awer. G�the event of�+purtlal ta{;9ng of tbe Pro�erty in which the faSr
<br /> market value nf the Property iinmodiately befare the tetking Ir�cqual to oc grcatcr tht►n thc amaunt of the sums sec:ured by this
<br /> Security Instrument imnwdiatcly before the taking,unlcss Borro«�er und i.cndcr othcrwiso ugree in writing,the sums securai by
<br /> this Security Instrument shall be reduced by tho amaunt af tl�o proceeds multipUed by the follow[ng fraction: (a) the total
<br /> emount of thc sum9 secured i�nmodiatcly befarc thc taking, dividcd by (b) the fair market value of the Propeny imm.Yllately
<br /> beforc the taking.Any bals�tce shall be paid to Bnrro�ver. In the event of a partial taking of the Properry in which the fair
<br /> markat value of tlie Prop�rty immediately before tho t�:ing is less than the arr►ount of the sums secured immedia2cly bcforc the
<br /> talcing. unless Romowrzr and Lender othcrwisc ugne in wdting or unless applicablo law othenvise provide.s, thc procceds shall
<br /> be appliod ta the sums stcurod by this Security Insttuntient whether or not the sums are the�n due.
<br /> [f 4h��'rop-rty f�.b»n�or.�i b,�rmt��er,ar if,aiter notic�by L,�nder to Bonower that the�,�ixiemnor offers tu malce an ,
<br /> awatd br settle a claim for damage;s,!fto•rno�er fails to resporxi to Lencler within 30 days after the date the notice is given.
<br /> Lertder is authorixed to collect und apply tcfie p�'ocb�d9, at lts option.either to a�storation nr repalr of the�'�operty ar ro the sums
<br /> secured b,y this SecuiB���nstmment.whether or`nrn,chen due.
<br /> U�'.ess l�sacnv�snd Borrower otherwise agrte in writing, �ny applicaHon of praccedls ta principal shatl not eatend or
<br /> postjwr.,e t{:^:i9�� �i�ta af the monthly paymencs refcrral to in psragraphs 1 nnd 2 or changv the amount of such paymcnts.
<br /> 11.Rorrowcr S�d R�lasecl;Forbwrance Ry Lendcr Not a WAfver.Batension of the time for pny;uent ar modification
<br /> of anwrtization of d;c :sums securcd by this Security Instrument grsnted by I.�t�der to any succcssor in ir�terest of Borrower shall
<br /> not operute to release=the liability of thc original Borrower or Borrowcr's successors in interest. Lender s7�e11 uot be requirod to
<br /> commcnce piac�edings�gainst any successor in interest or rafi►se to extend time for payment or oihenvise modify amortization '
<br /> of the sums sec:uttd by this Security instsument by rea5an�oY any dcmat�d rreado by the original t3orrower or Horrower's
<br /> e��pe jq int�tr�e,.t A,rsv j�f}v.�rmxr.Fw 1�rvlr.r i�PY�rcisino zny riaht�r re.rt�i}chal� �nt ba a wniuEr of or groc:lude thc
<br /> exerciu of any��aght��;srcmaty. � •
<br /> 12. Smrces�o�:u��n3 Assigns Bound;.TOIl11 A71[I S�1'C!'�) L�AjIj1V� �.�n-sigmers. The covenan�5 n�d agraments of this '
<br /> Securi!y.Inshvment s�all bind and benefit the succtssors rur9 assigns of��i�nder and Borrower, subject'to the provisions of ,., ,
<br /> paragryy;`h 4:�, liorrower's covenants and agrccments shaU (ue joint and ssveral. Any Borrower who co-signs this 5ocuaty
<br /> [nstrurnene bu1 does raot executt the Note: (a) is cq-signing this Security Instrument only to mortgage, grJ�►t'�d canvey that
<br /> 8onnwer's inter�est in the Property under the terms uf this Socurity Instrunxnt;(b)is not personalty ob3i�atsd W pay the sums
<br /> securai by this Stcurity Instrumenr ard(c)agrees that Lender and any other Bonower may egrce to extarx�,madity,forbe�r or
<br /> makc au►y accomrnodadons�vilh regatd to the terms of this Scxurity Instrument or tha Note withotu that Aorrawec's consa�t.
<br /> 13:I.uw Cla�ea.If the loau secured by this Securiry inswment is subject to a iaw rvhich sets muximum loui charges,
<br /> ond that iaw is f uully intcrpretod su that the interat ar other I�i charges cntlected or tu be collectcd in oanoection with the
<br /> loan exoe,rJ the�xtmitud limits,then: (a)any such loan charge shadi be ralpcx,d by the amount nocess$ry to cbduce the cluuge
<br /> : to the pennitte�} limir:�� (b) any sum.s alrtady.c�l�ected from Horrower w:h+sb caeeoded pecmitted liti�ais will bc nefundad to
<br /> �� .'Borrowcr. I.c�d�r fjj:�y choose to mnke this x�u•nd by redncing the principt� awad under thc Nuto tiz:�� making:a direct �;•r;:,.
<br /> ' paym6nt�:t��Borrower..If a nfuc� reduas pr�i�cip�l. th� r�xlu�tion wiil be treated as a paetial prepaymenl w�l.hont any ' " "'.
<br /> ; Acepfqi.mene chu'ge UM�er the Notc. � : � , :�'' :
<br /> Y�i:'�Nbfias.An.y noti�x to Borrower provic9cr2 for in this Security Instn�:ttltnt shAll be given by delivuiug it ur��'in�uilin&.. ' . 4�,
<br /> ;� ��.; it by firsi class ma�l:u::n}�s e�licable law�tqui�'s�s usr uf anotlxr method. 'I'Si�"notice shall be diroctal tu the Pr�erty Addnse •:.�. : ;
<br /> � • ' or any b4her�iddta��1Forrower dcsig►uites by notia to Lcnder. Any notic��7o Lendcr Shall be given by fint cla�ss mail to ��` ' �''��
<br /> i.e+xlcr's 1�cSdress su�6qtl herein or�ny ott�et address Le�xler designates by ttoticc to Borrio3v@r, Any rAtice providoGi,'fv.n�in this
<br /> Secufity Instrurmedsb�il be doemed to have ban giYen to Borrower or I.ender when givon;ns provided in this paragr�p�.: ..
<br /> ��,;
<br /> 15.:3overni��;�(:r.w; Sev�rbUity. Thes Security Instrument shall ts� governed by fateral iaw anc! tho lu�v�.af the ;�
<br /> jurisdiction in wt�ick'c:'he�Froperty is locatod. I�r� the event that any provi�ia���r clause of this Security �r�stlumeN or:the Note i� ,,
<br /> conflicts with applic�ll�te law,such c:ontlict shall not affect other pmvisions oi'thi�s Securiry�lnsteument or iiie Woie wtiich•can be: '`�.�
<br /> given rftoct wittaat tt�e cnntiictaog r;rovision.To this end the prnvisions of this Sscurity l��smunent and the Nota are:tJ�c]arcd '
<br /> to be severable. � .
<br /> 16.Borrower's�opN.Borrow�r shalt be�iven one wnforniod copy of the Note aixi af this Securiry instrunx.nt. •
<br /> Fam 3028 91Ad,•.'.'
<br /> Psp�lora , . .
<br />
|