|
, ..;r.
<br /> ' :s; :1;�:,::, ;.;..
<br /> . .
<br /> ,
<br /> __ •+ � ,, � : ;; . t���.ai; ��
<br /> -. _..�� -�- ---� �---. ' "--'- .'--- -:S.,tF;,7�:_t_.._.�.. ... '.�.�a":;���1��-{�4t,i -{ , �i{�''af fr ���'{�1�;1;.
<br /> s•a i � . .,�;q,<�: - t i. � � r-rrr r�11 rs�.,,.,
<br /> � " , . � �
<br /> ',�, �"; r ., 7 t� � �..�n -
<br /> � , ' T�a�a�.-
<br /> • .�: �n.,..,.,y.. ...,.,,. �..,� � ;,i��' . . ....rrec»i�rx•�4.«.•�.. t ,f r�,tf�e� , =- .
<br /> . ..
<br /> .
<br /> .,. �. ' .. . . .
<br /> ,. , �. . . •> .
<br /> � —
<br />' � -�--- ' �-�:nt M��,.�_:t.'.�^i�'i�'.':.. �..Z,�....�._._ ---
<br /> _''.."qt',,.� . . . . _...____�_- --'- ' _ • `
<br /> ..w.Lwr• .� .. ... '.. '" .
<br /> i�.���
<br />.. ��.��
<br /> -, -�;.? substantistlly equivnlenf murtgngc ins�u�;incc cuvcrugc is not uvnilablc. B<�rrowcr shall pay tu l.�:ndcr cach month 1 sum cquul to
<br /> �_.''� une•nselfth uf the YecirlY murt�;u�;c in�uranre premium bein�paid by Barrc�wer when the insurunce cuveruge lup+ed or ce:zsed to
<br /> �:.� �_ :_ _a•a•-... i .�^-;;'i�ii:�.•"• �•••��;:^�h.�cnnu.,mrn�.��a a in�c fC�CI'vC UI lieu tii iilUll�;U};C iii�iiidi��c. L:iSS iCSCP:C _
<br />. .---__._ VV 1�1 VII�.\�. L�.11���.• � b�i�� �1 i��iii�� �� .. . � �.�J -..
<br /> � paymcnts m�:y nn lanl�cn c� rr��ui�cd.ut Ihr nptiu�i ul�Lcudcr, if murtgagc insw•ancc cuvcrage(in thc umount and ti�r thc p�riod -
<br /> • „ thut l.�ndcr ra�uircrl pruviticd hy iui imwcr nppiaec�i hy Laidcr a�;uin bcromcti avuilahlc und iti ubtainc�. Dorrowcr sl�all pay �r
<br /> thc pr�miumti r�yuirrd lu nmintnin m��rtE,u�;c in+ur:�ucc in cf'1'cct. ur to providc u luss rescrvu.inuil thc rcyuiremcnt for mortgagc� _
<br /> ��_..;�! insurnncc cndti In urrurd�in��c wi�h nuy w�•Inai ngrccment betwcen Bon•owcr�uid I.�:ndcr or applieuble lu�v. �
<br />:. -. .y. �S. ln.r•�xcUon. l.ender m•il,upent muy mukc reu�onable entries up��n and inspcctions uf the Property. L.ender shull give.�
<br /> �� ' t3orri�wcr nnticc ui thc timr ut ur priur tu un Intipcctinn spccifying reasonablc cuusc for thc inspcction.
<br />-*s+��'� !0. Condc�nnnllnn� '1'hr pr�uetd� uf'imy awnrd or claim for dumuges. dircct or conycqucmiul, in connccti�m with any �
<br /> �a roifdcmn�iliun nr ulhrr lnkin}t ul��my p,u�l ul'th� 1'roperry, ��r ft�r com�cyancc in licu of condcmnation. nrc hcreby assigned nnJ �
<br />:::��:..� ,hull hc paid Ii�l.rndrr. r
<br /> __,�� In the evcnt uf a�otnl �+ikln�!uf Uir 1'ruperq-. thc prncecds shall be appliccl to the sums securcd by thiti Securiry Instrumcnt, �
<br /> wltctlicr ur nnt tlicn duc. ��•i�h nny eKr���� Indd ti� Rorrowcr. In the evcnt of u partiul taking of'the Property in which thc fair�
<br /> ===�� murket vnluc ol'�hc I'ruperly In�n►cdl;i�rly I���furr the taking is equal to or greuter than the amc�unt ut'th� sums secured Uy thiti
<br /> '=�� Sccuriry hnu�ununt Inuncdwtcly hrfnrc thc wklnp,unlcss i3orrower and L_cnder otherwisc ugree in writing,the sum�secured by Q
<br /> .,�-.,� thi, Srcurity Insu�inncnt �hull hr rrdurril hy �hc nmi,unt c�f thc procceds multiplicd hy thc following fraction: (u) thc toti►I •
<br /> umount of thc +um, �ccurcd hiunedlutely hcfin•c thc t.�kin�;, divided by (b) the fuir market value of the Property immcdintcly
<br />=��r"-`=�+ heFure the tukinb. Any hulnnce ,li�dl Itir p;dd i�� Nurrutvcr. In the event of x partiul taking af the Property in which the fuir -
<br />�LL��fi� - mcu•kct vuluc uf�hc F'roperty Im����dlnlcl� hcli�rc �hc tc�kin�± is Icss than the amount of the sums sccured immediutely bcforc the
<br />-_;;_T" �aking. unlc�s porrawcr und lAndcr uthrr�vl,c a�ucc in tvritin}; or unlcsc uppllrablc la�v oihcrwisr pro��idcs. thc pmcceds shnll
<br /> �,,� bc applicd tu thc sums ticrw�cd I�y Ihiy ti4rurit) Inauununl whcthcr or not thc sums urc then Juc.
<br />'';"�l.�.'3� If tNe Property i,uhund��ncd I�y 1lurru�v�r, i►r il', :d'tcr natirc Ny Lendcr to Borrawer that the condcmnor offers to muke an
<br /> -� - uwurd or settle u claim li�r d�unupes, liurru�ver fuils tu respnuJ to l.ender within 30 days after the date the notice is given,
<br /> --._.� Lender is authorir.ed to rollcct nnd apply Ihc prarcedY, nt itti nption, either t�restoration or repair of thc Property or to the sums
<br />�--'=='' securecl hy thi�Securiry Instrument.wl�utlur ur n�,t�hcn duc.
<br />.�'j�iJ1� Unless L.endcr and Borr�iwrr o�hcrwi�r ngrec in �vriNnb. uny upplication of' proceecis tc� principul shall nat extend or
<br />__ postpone the duc dute of thc m�mthly pnyntcnt+rcicrrcd tu in p,►rubruphs I and 2 ur change the amount of such payments.
<br /> =:'.�k�_�� 11.Iiorro«•er Not Relc�iscd;Fnrl�c�u•nncc !iy Lendcr Not n Wuiver. Extension of the timc for payment or modification
<br />'_4� of amortixation of thc sums sccurcd by thiti Sc�urity Intitruiucm gruntcd by Lender to uny successor in interest of Borrower shall
<br />-- - not operate to releuse thc liuhility nt'tl��:origin�d f3urn+wcr ur Him•��wcr's successors in interest. [.endcr shall not be required ta
<br />`T;x� commcncc prorcedings iiguinst uny tiuccc�+or m intcres�ur rcl'u,c tu crtend time for pnyment or othcnvise modify amortization
<br /> ,�,z1� of the sum� securul by thiy S�curity Instrument hy ma;un of' nny demund made by the original Borrower or Barrower's
<br />- ° succcssors in interest. Any fnrhruruncc hy l.cndcr in exerci+ing nny right or remedy shall nat be a waiver of or preclude the
<br />:-� excrcisc of any right ar rcnudy.
<br /> — 12. 5uccessars and Assl�ny Nound; .lolnt und ticverul l.lublllty; Co-si�ners. The covcnants and agrecments of this
<br /> = - Security Instrument shull bind itnd bencfi� the tiucce�surs imJ uyxf�ns of Lender and Borrower, subject to the pravisions of
<br /> ---- parugruph 17. Borrnwer's cnven�mt, i�nd ngrerments ,hiill he joint nnd several. Any Barrower who co-signs this Security
<br /> ----- In�rn�n,�nr hur d��es nni executc thc Notc: �io is ru-tiit�ni���! thiti Sccurity Instrument cnly to mortguge, �mnt and convey thAt -
<br /> �-�--� Borrower's intcresl in thc Pruperty un�lcr thc tcrmv��t'this 5ccurity Instrumenr. (b) is not personally obugated[o pay che sums =
<br /> securcd by ihi,Security bitit�ument:nnd Icl ugrc�s thut l.�ndcr i�nd imy uther sorrower mxy agree to cxtcnd, modify,forhear or ,`
<br /> --- make nny uccommodaticros with rcgard tc�the ter�»s nf'thl�ticrurity Instrument i�r the Nc�te without that Bonnwer's consent. ._
<br /> l3. I.oAn Cht�r�es. If the lonn securcd hy thi+Security hisu•ument is subject to a luw which sets mAximum loan charges,
<br /> — and that IAw is finully interpretcd su tNiU the interes� or uU�cr lonn ch�rrges collecteJ ar to he collected in connection with the
<br /> laan exteed the penttitted limits, thrn: (li)+my such Inim cl�nrgc tilii�ll he reduced by the a�nount necessnry to reduce the charge
<br /> to thc pcnniaed limit: and (h)i►ny tiums ulrrady cullccted t'rum Hnrrower whirh exceccied permitted limits witl be refunded to
<br /> Bonowcr. Lcnder ntay chuusc to makc this rct'und hy rcdurhig �I►c prinripul awed under thc Note or by making a direct
<br /> puymcnt to Borrowcr, IF u refund reduces prinrlpuL thc rcducUnn will I�c trctited as a partial prcpayment without uny
<br /> prepuyment char�,c undcr thc Natc.
<br /> 14.Notiees. Any nutice ta Borrowcr pri�videJ fi�r fn Ilif+ticeurity Instrumcnt shull be given by delivering it or by mailing
<br /> it by first cluss mail unless upplicable luw rcyuit'es u+�i�f�utalhcr ntctliud. 'I'Iw natice shall be directed to the Pmperty Address -
<br /> or nny other uddress Borr��wer designates {�y nutice to l.ender. Any nntice te� l.ender shnll be given by first cluss mail to
<br /> T.sndcr's address stated hcrcin��r uny othcr udJresS l.cndcr dc+ignntcy by n�nfcc to Borrower. Any notice provided for in this
<br /> Security Instrument shall be dcemcd to have been given tu Hun•uwcr ur lAnder when given as provided in this paragraph.
<br /> 15.Governing Law; Severahlllty. 'fhis Sccurity Inslrumcnt sludl bc governed by fcdcrul luw and thc law of the
<br /> jurisdiction in which thc Property is locc►ted. In Ihc rvcnt thnt nuy pruvisiun ur cluusc of tliis Sccurity Instrumcnt or thc Notc
<br /> contlicts with npplicable law,such cnnflict sl�nll nol ni'f'ect utl�er prnvfsinns uf'this Security Instrument or the Note which can be
<br /> givcn effect without thc confllcting provision.Ta►hfti cnd thc pr�w8shins af Ihis Security Instrument and the Note are declnred
<br /> to be severnble.
<br /> 16.Borrower's Cupy.Burrower shull bc given unc ruoifurmcd cnpy of tlic Nnte und of this Security Instrument.
<br /> 17.Transfer of thc Property nr u Bcncficlul Inter�wt In Borrowcr. If�dl or uny part af the Property or any interest in it
<br /> is sold ar transfcrreci(or if a bcncticiul interest in Hiirruwcr iy,old ur tra►m�fcrrcd nnd Dorrower is not a nutural person)without -
<br /> L.cnder'� prior written conscnt, I.cnJcr may, ut its uptlun, rc�Iuh�r lumudintc pi�ymcnt in full of ull sums secured by this
<br /> Security Instrument. Howevcr,this option shull not bc exerci�ed I�y I.�nder ff exercisc i�prahibited by federal law as of the date
<br /> of this Security Instrument.
<br /> If Lender cxerciscs this option, I.enJcr shull blvc Ilurruwcr uoticc ut'urcclerntfun.The nuticc shall provide a period of not
<br /> less than 30 days frotn the date thc n��ticc is dclivcrcd nr nu►ilcd witldn which H�,rrowcr must pay all sums secured by this
<br /> Security Iustrument. If Dorrower fails to pay thc�c�ums priur tu ihc expiri�Uon uf thiti�x;ri�x1, l.endcr mny invoke any remedies
<br /> -____ perntittcd by this Security Instrumcnt without furthcr��uticc ur dcmnnd aii Ifurrowcr.
<br />�a;-�« 1$. Bocrower's Rt�ht to Refnst��te. If Aorr��wer incets rrrt�►in r�mdfUons, Hm•ruwer shnll huve the right to hnve _
<br /> - �,:°",� enforcement of this Security lnstrument discantinued ;u uny Nme prlur U� th�� �nrlirr ut: (ul 5 d��ys (or such other periad as
<br /> �-�� upplicablc law muy specify for reinstutcmcntl bclin•c �nlc uf Ihe 1'ru�x�rty purouunt w uny pi�wer of snle rnntained in this
<br />--__�r�::� Security Instrument:ur(b)enu•y of n judgment entiircing thiti Scrurlty Inytttun�nt.Thuse etimditions are tht�t Sorrower:(a)pc►ys
<br /> - -- L,ender ull sums which then would be due undcr thix Serurity Inytrumcul nnd tl►e Notc ns If n��acceleration hcid occuned; (b)
<br /> ;�:�F,�� cures any defuult of uny other rnvenants ur�igrecmentti; (r) pi�yh +ill cx�xn+ds incurrcd in enforring this Securiry Instrument,
<br />_-_===ID- including, but not limited to, rcasonxble uuonicys'fccy; i�nd IJ1 aikrr �uch actiun +�� Ixnder muy reusonubly rcquire to assure
<br /> --.,�� that thc lien of this Security Instrumcnt, l.cnder'�ri�lus in thc Pru�xr�y nnd Rurruwcr'.��hli b�iUiun to puy the sums secured by
<br /> _.-f y�� � this Securiry Instrument shall continue unchunge�. Upun ►•cin+tutement by Burrnwrr, tlii� Secunry Instrument and the
<br /> -�':--.:____ .._...�w_...w....w..0 .e , �:.u...,�•r...ut.,..„� t�'�,,.��.•.•.,1.,����l��u lu�d�u•rurrvd. Ha�vever. this rieht to reinstate shall
<br />.... � v�ugauwm.,�:u..,..��.�....� �...... ...5::::::. ....y ...�....__. .. .... ----._........ ..__ ._ _ .
<br />_- ° not apply in the casc of ucccicrutiun undcr parngruph 17. _
<br /> -` 19. Sale of Nute; Chun�;e uf I.�nn Servlcer. 'fhc N��tr ur u piirtiul interc�t in �I►e Nutr (tugether with this Securiry _
<br />'��".�;;` �` Instrument)muy be sold nne or morc timcs withou�prior n�nicu tu!lnreuwcr. A tiulc mny rc�ult in a rhunge in the entity(known
<br /> .,�s,.�
<br /> �;�"`��: as the "Loun Serviccr")thiu collccts monthly paynunts duc un,ler tl�e N�UC and Ihiti tic�w�ity Intilrumm�t. Thcrc also may be one -
<br /> '•=��'� or more changcs of the l.oan Scrvicer unrclxtcJ tu a�ulc ut'thr Nutc, I(�heir h u rhuntte��f ihc Lu:in ticrvicrr,Borro�ver will be
<br /> �.:.t.•; ..
<br /> given written notice of the chunge in itcrurJnnce with p,ir:►Z;ruph 14 uhuvc nnd npplicabl�la�v.'1'hr nulire will stute the nwne and �
<br /> '�'�� address of the ncw l.oun Scrviccr and du uddr��s u� which puymcnt� yhai�lJ h�nu��.li�. '1'I�c nuticc will adtio contuin any other
<br /> •••:;�.�:_ information rcyuired by upplicablc Inw.
<br />:.c••�; :u;": 20. Huiardnuti tiubst��nres. Hurrowcr +hall mit r,iu,c ur permii tha prc,cnrc, utid. ditipu,ul. ,torugc. or rctcasc uf any
<br /> •�" 'j�i• Hazurdous Substi►nccti on ur in thc C'roperty. Hurruwcr ,hull uot du, n�►r ullenv nnyonc clu w du, unything affccting the
<br /> !""�;; Froperty that is in vialntion uf uny Environmm�tal Lenv. 'f'hc precrdin�t twu nentcnres+tt�ll nui u�ply tu thc pmsence, use. or
<br />::�M��;�;. ` stora�e on the f'rupeny uf smull yuuntiticy��f Haznrd��ur Suh�tamcr�tNat urc �trurrally rccaguire���u hr npprupri�te to normal _
<br /> residential uscs und tc�muintrnancc of thc Prapc�Ky.
<br /> . r�uo a„�a Form 302(3 9I90
<br />
|