|
_ � . ..
<br /> r;t� 'n+' 'x•A' + / �'� �1 �f1'� - .t I i... __ .. ✓._�_w
<br /> o-1 � .m'� h irF^�l I
<br /> �I �� }°•"sR�1�• � s� � �.��-'�
<br /> x ±Ij �'�i *�d1 I I �i I ���nli���i�9� ��tnc ,.L{�,r,y ""j.
<br /> . ��i � �r4 _ - �}nr- °—•
<br /> � __'._ .__ .
<br /> ...-
<br /> .t..
<br /> ' -�.,F �
<br /> ' .
<br /> .
<br /> _
<br /> 1- �' -
<br /> •'�.. .._
<br /> ��' . .. ` • � *w//s.-. .. � .' .
<br /> rt.��-+�+'�-
<br /> r ir�°+ •').:!yW i�-' -
<br /> i �'
<br /> , .., g2'' �o�ai�
<br /> - • ��
<br /> � paymenu mny no lonycr be requirod,at the option of Lender,lf mortgagc Insurancc coverage(in the wnount and for the per�od
<br /> _ - that Lendcr requircw)provided by an insurer approved by Lender again becomes av�ilable and is obtained. Borrower shall pay
<br /> � �,2 tha premiums required to maintain mortguge Inaurance in effect.or to provide a loss reserve,until ths requirement for mon�a�o
<br /> � ;�„ inwrwnce ends in acc;ordance with any written agreement between Bonower and Lender or applicnble IAw.
<br /> ,^ ���"�
<br /> 9.Inepection. Lender or its agent may make reasoru+ble entries upon and inspections aP the Property. L.ender shell�ive
<br /> �f�`�'°`�'`'"�' '`�'� Horrower notice at the time uf or rior to an in tion s i �n reasonable cuuso for the ins
<br /> .. p spec pec fy' g pection.
<br /> •. , . .g.,...� 10. Condemnation. The praceeds of uny award or claim for domages, direct or consequential. in cunnection with any � _ .
<br /> ��� ''"'',�"�;.�'. condemnatfon or other taking of any part of the Property, or for rnnveyance fn lieu of wndem�wtion, are hereby assi�n�d ond
<br /> '�� �,;;��., �hall be pald to Lender.
<br /> �, � � � ' �,.,� In th�event of r total laking of the Property,the proce.eds shall be applied to the sums secured b this Securit instrument,
<br /> ���,� �z ;..;�. Y Y
<br /> +�'��<•_ � whether or not then due. with any excess paid to Borrower. In the event of a partial taking af the Preperty in which the fair
<br /> �i�;,dx��..,:. .,._.. ..
<br /> �• . • . �'�"��- market value of the Property immediately before the taking is equal to or greater than the amount of the sun�s secured by this
<br /> �±���'•"•"� :-' �� Security[nstrument immediately hefore the taking,unless Borrowcr and Lendcr otherwise agree in writing,th�:sums secured by
<br /> � -�;�• �••, •� this Security Instrument shall be roduced by the amount of the proceeds multiplied by the following fracNon: (a) the total �
<br /> � ,;�"� �.._, . amount of the sums secu�d immediately before the taking,divided by (�) ths fair market velue of the Property immediately
<br /> ���„ � :�, ;;;. ..ti before the taking. A�y balance shali be paid to Borcower. In the event of a partiul taking af the Property in which the falr
<br /> � $:�•``z�.,� ._�: '. market value of thc Property immediatcly beforc the taking le less than the amount of the sums secured immediately beforo the
<br /> __ � � . teking,unless Bonower and I.ender otherwise agree in writing or unless applicable law otherwise provides. the procceds 9hall
<br /> �' '?� • � • `"`- be applied to the sums secured by qiis Securiry lnstrument whether or not the sums are then due.
<br /> '� .�•_*_i� If the Prope�ty is abandoned by Bnrrower. or if, aRer notice by l.ender to Hnrrnwer that the rnndemnor offers to mt►ke an
<br /> --'?�� v� "f' � award or settle a claim for damages, Borrower fai Is to respond to l.ender within 30 days aftcr the date the notice is given,
<br /> '�''` �'� ... L.ender is authorized to wllect and apply the praaeds,at its�option,clther to restoration or repair of the PropeRy or to the rutn�
<br /> , .;;,�..
<br /> - secured by this Security Instrument,whether or not then due.
<br /> ' ,.j,:a,;,,,,;;�,�;.z,. - Unless Lender and Borrower ottiervvise agree in writing, any eppllcation of proceeds to principal shall not extend or
<br /> . postpone the due date of the monthly payments referced to in paragraphs 1 and 2 or change the amount of such payments.
<br /> „' ':"```';�� . �" 11.Borrower Not Relestsed;Forbearance By Lender Not o Ws�iver.Extension of the time for payment or modification �
<br /> - :;,- ,
<br /> , „ " � �����; of amortization of the sums secured by this Secudty Instrument granted by Le�der to any successor in interest of Borrower shall
<br /> . nat operate to release the liability of the origlnal Borrower or Borrower's successors in interest. Lender shell not be required to -_-
<br /> - .. commence praccedings againat any succcssar in interest or refuse to extend timc for payment or otherwise modify amortization
<br /> _ " of the suma cecured by this Security Instrument by reason of any demand made by the originel Horrower or Borrower's -
<br /> __ ;:��� ...+_.� � _ successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br />_- " , • eaercise of any right or remedy. —
<br />- 12. Successors and Assigns Bound; ,loint smd Several LiAbility; Co-signers. The covenants and asreements of this --
<br />�i� � � Security Instrument shall bind a�d benefit the successors and assigns of l.ender and Borrower, subject to the provisions of F`"�`
<br /> • �� . . ..
<br />�a, "�'."• „ paragraph 17. Borcower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security -----
<br />;�.��" °�r:,' . Instniment but does not ezecute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that �'
<br />�_-- °•� Borrower's interest in the Propeny under the terms of this Securiry Instrument;(b)is not personally obligated to poy the sums r
<br /> �� secured by this Security Instrument;and(c)ugrees tbat I.cnder and any other Borrowcr may agree to extend, modify,forbear or
<br /> � •� � make any accommodations with regard to the terms of this Security Instrument or the Notc without that Borrower's consent.
<br /> , 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets meximum loan charges,
<br /> � • and that law is finally interpreted so that the interest or other loan churges collected or to be collected in connection with the --
<br /> ,� � • • loan exoeed the permitted limits, then: (a) �ny tiuch loan charge shall be redured by the amount necessary to reduce the charge *��-
<br /> "�•:. to Ihe permitted limit;and(b)any sums already collected from Borrawer which exceeded pertnitted limits will be refunded to '�
<br /> Bomower. Lender may choose to muke this refund by reducing the rinci al owed under the Note or b makin a direct �`
<br /> P P Y B
<br /> • �`.�, . •,• payment to Borrower. If a refund reduces principal, the reduction will be t�eated as a panial prepayment without any _��
<br />� ' � , ` ° prepayment charge under the Note, --
<br /> :,• � . 14.Notiees.Any notice to BoROwer proviJed for in this Security Instnrment shall be given by delivering it or by mailing �L�
<br /> '� , .'""` ' �� it by first class mail unless applicable luw requi res use of another methad.The notice shall be directed to the Property Address ---
<br /> ;� � .. „ or any other address Bonower designates by notice to l,ender. Any notice to L.ender shull be given by first class mail to �-�,
<br /> ,;.ar � .' _�;,-• , Lender's nddress stuted herein o�Any other addmss Lcndcr dcsignates by notice to Born�wer. Any notice provided for in this ='� �-
<br /> � ' " ' Secu�ity Instrument shull be deemed to huve bcen given ro Borrower or[.cnder when given as provided in this paragraph. ="'
<br /> -c 15. Governing Law;Severability. This Security Instrument shall be guverncd by federal law and the law of the
<br /> : � �:; jurisdiction in which the Propeny is lacated.ln the event that any provi�ion or clause of this Security Instrument or the Note �`/^I`
<br /> • ����` ��� �
<br /> - conflicts with npplicable law, such con0ict shall n��t ai'fect other provi,ions of this Se�uriry Instrument or the Note which can be
<br /> ., •' ° given effect without[he conFlicting provision. Tu this end the provisions uf this Security[nstrument and the Note are declued
<br />. . ;.,- to be sevcrnblc.
<br /> . 16.Borrower's Copy. Borrower shull be given one confortned ropy of the Note anJ uf this Security Instrument. •
<br /> � . ' , fonn 30Z� !IW
<br /> „ •. MG3Df 9�NE/4 Pw•+a�e 4
<br /> ,. ' E
<br /> � t
<br /> + ,�-- _. _ �
<br /> _�..�� . .
<br /> - __ -r---.--5.—._-- -.—_.- --. .
<br /> a ' •
<br /> :, . � �: °�
<br /> � '
<br /> ,
<br /> . -- ----- �.� -_ _
<br />
|