|
� ..-
<br /> _ .L'.r,„1 .. ;�'Y:. � °. •�4y . + _ --
<br /> !¢
<br /> _a:� ��:�...�,..� --92—� .1. _ - -. --- .
<br /> �s�=�� ��
<br /> �_�-�m��=� paym�mts nwy no longcr be rcquired.at thc optinn af Lcrukr. Ii monga�e insurnncc cUVCragc(in thc wrn►unt und for thc period
<br /> � � thot Lcnder roquire�)providod by an insurer Approvc�d by Lender again bxomcw avLiluble arw!iA abtained. Burrower ciwll p�y
<br /> the premiums requircd to rtwintAln mortgrge inaurwrce in efFect,ar to providc u lora re�crvc.until the rcquirement for mort�a�e
<br /> inwronctt ends in aceordance with Any wdlten aQreement be�wcen Borrower and[.ender or applicable luw.
<br /> ---- --_--= 9. InfpecNop. Lender or its agent may mukc rcasarubie entrles upon und lnxpe�tions af thc PropeRy. L.cnder sholl Qivo
<br /> � ?' ' ' ��' Borrower notice at the time of or priar to an inspectfon specffying reas�mable caure fc�r the inspec�ion.
<br /> i0. Condemnntk►n. The proceeds of uny Award or claim for damages,dimact or consequential, in connection wilh any
<br /> ;;":����'+► condemnation or other wkMg oP any part of 1he Propeny.or for conveyunce in licu oi condcmnalion.ure hereby�iQ�rod wid
<br /> - shall be paid to L,ender.
<br /> In the event of a total taking of th�Property.the proccecls shall be applied tu the sunw secured by thi�Securiry Instnuntm,
<br /> �i.� _ avhether or not then due, with any cacess pafd to Borrower. In the event of p pnrtiul tuking of the Property in which the fair
<br /> — market value of the Property imrnediately befare the takinq is equal to or areater than the amount of the cums secured by this
<br /> ��,�� Securiry Instrument immediately before the taking,unle�s Borrower und L.ender otherwir,e agree in writing,the surna secured by
<br /> _i.,,.....�,,.,,y.�� this Secu�ity Instrument shall be reduced by the amount of the procceds multiplied by the following fraction: (a) the towi
<br /> -- . ---- amount of the sums secured immedietely beFore �he taking, divided by (b) the fuir mnrket vulue of the Property immediately
<br /> ___ before the teking. Any balance shall be paid to Borrowcr. In the event nf u paniul taking of the Pmpeny in which tlie fair
<br /> ���,� market value of the Propeny immediately before the taking is less than the amnunt oi the sums scw:ured immediately befare the
<br /> �,,,,,,�.� takfng,unless Bormwer a�d I.ender otherwise agree in writing or unless applicable law otherwise provides,the praceede shall
<br /> 6e applied to the sums securad by this Security Instrurnent whether or nat the sums are then duc.
<br /> --��---•,--�- If the Properry fs abandon�d by 8orrower,or if.utter notice by I.ender to Borrower that the rondemnor offers to meke an
<br /> - -- Award or settle a clalm for durtwgea, Borrower fails to respond to Lender within 30 days af'ter the date the notice is $iven,
<br /> -_—'�`• "�si.,+.a L.ender ia authoriu�d to callect And apply the proceods.ut its option.either to restoration or repair uf'the Property or to the suma
<br /> ����-_���`" � aecured by this Securlty Inatrument,whether or not then due.
<br /> __,3.:i'i e`i��:;.:,-�ih•r3,t '
<br />'°�.���.=•--- -�•�� Unless i.ender and Borcower otherwise ugree in wri�ing, uoy upplicAtion of procecxis to prineipul shull nut extend or
<br /> �,:;�, ,_ postpone the due date of the monthly paymenta referred to in paragraphs 1 und 2 or change the amount of such payments.
<br /> ' ��F� U.Borrower Nat Released;Forbet+rance By l.ender Not a Waiver. Extensinn of'the time for payment or modification
<br /> --����+����`� of amanization of the sums secured by this Security Insttument granted by L.ender to any successor in interest af Barrower ahall
<br /> '�'-e�ti•�.� �:�':� . not operAte to releuse the liubility of the original Barcower or Borrower's successorti in interest. l.ender shall not be required to
<br /> — .t- �;,:.
<br /> ��+�►��_..•:::. commence proceedings against any successar in interest or refuse to extend time for puyment ar otherwise modify sunortiuition
<br /> .=a��i:AZ-•_�..;. ,
<br /> -- •�• of the sums secured by this Security Instrument by reason of s�ny demand mude by the original B�nower or Borrawer s
<br /> II���r� �•�� � � successars in interest. Any forbearnnce by Lender in exercfsing any right or remeJy shall not be a waiver nf or preclude tHe
<br /> ... .,,..�.
<br /> -- _- _ ���� eaerclse of any r3ght or remedy.
<br /> -:`�� . � 12. Successors and As,41�ns Bound; Joint and Several [.iAbiBty; Casi�nena. The covenants �nd ngrcements of this
<br /> °.'� ;� „ Securiry Inslrument shall bind and benefit the successors and assigns of Lender and Barrower, subject to the provisians of
<br /> � � ; ���•• paragraph 17. Borrnwer's covenunts and agreements shall be joint und se�er=!. Any Borrower who co-signs this Security
<br /> � " �" ��'�''����� Instrument but does not execute the Note: (u) is co-tiignina this Security Intitrument nnly to mortgage, grant and convey that
<br /> -�: � .,'.. ' ' Horrower's interest in the Property under the terms of Ihis Security lnstrumenl: (b) is not persanally obliguted to puy the sums
<br /> ;;�° . • secur�d by this Secu�ity Instrument;und Ic)agrees thut Lender wid uny ather Borrower muy agree lo extend,modify,forbear or
<br /> • ' '^ - " make uny accommaiations with regurd to the�erms��f�hiti Securlty Inxtrument or the Note without thut&►rmwer'4 consent.
<br /> ` '�'� 13. I.oan Char{{es.If the loan secured by this Security Inr�rument is subject to u law which se�s maximum loan charges,
<br /> .„� .•,-,'.���-� - •� . A,�;, und thut IUw is finally interpreted w thu�the interest or uther luun churgc� collcct�xl ar �u be collected in connectiun with the
<br /> —�� I. i t S'1 .
<br /> rr� :..�„�l.;t� ^�_:y.•� loan exceed the permitted limits, then: (a)uny wch loan charge sh:dl be reduced hy the umnunt necessary t��reduce the chArge
<br /> ° _= °'�= ��� - to thc permuted hmit;z�mi (b►smy tiumti ulready coll��icJ G��m&irrower which cxc��.•ded permitt�tii limits will be refundcd to
<br /> s�����'=�-"� ''�> Borrower. Lender may chcwtie to muke this refund by reducing the princip•rl owed under the Note ar by making n Jirect
<br /> -•�z��`- puyment to Borr�iwer. If u refund reduces principal, the reduction will be trcateci ur u purtial prepaymcnt withou� any
<br /> -= �'�'�' ""� prepayment charge under the Note.
<br /> — � �` ' � 14.Notices.An notice to Bnrr�wer rovided for in thi� Securit In+�rumcnt tihull lx rven b dcliverin rt or N mailin
<br /> --�; ; ;, .<-,�`.�� Y P Y S� Y B � Y 8
<br /> • it by first cluss muil unless upplirablc luw rcyuirrs usc uf annthcr mcth�xi. Thc nutire shull tx Jirected to the Propeny Address
<br /> � �,' • .� ' � or uny uther udJress Borrower dexignate� by ni�tice G� l.cndcr. Any n��ticr lu IAnd�r +hull hc given by first rlUhs mail tn
<br /> ' '°`''` ." i.endcr's adJress stutc�d hcrein or an othcr uJdress I.ender drsi�n�tcs b nutKC to &ircowcr. An nolice rovided for in this
<br />- ��"; �� � Y b ' Y Y P
<br /> ,
<br /> •�"''`''` � „ Security Instrument tihull be JecmeJ to have been given to Borr��wer�►r LsnJer when Nivcn a,provided in this purugruph.
<br /> ''�� .�,,��;,- .'�. 1S.Governing Law; SeverAbflity. This Security Instrumcnt +hull bc gavcrnal by fedcral luw and the law of the
<br />:-=-� , ' jurisiiiction in which �hc Nrop�:rty is lixated. In tlx:cvent ihut any provixion or rluu�e��f this 5rrurity Instrument or the Note
<br /> i���--.`���� ennflicts with upplicablr luw.tiuch ron0ict tihall nut uffect iNh�r pnwi,ium ol'Ihi�Sccurity Inslrumrnt or Ihe Note whinc�an be
<br /> - ;+sk+�?. (
<br /> �� given eftcct withaut the conflicting provi+ion. Tu�hiti eud thc pruvi.iuns of thi� Srrurity Insirununt und the Note are declure�l
<br />•`=;� �t�..,. . . o to be sevcrable.
<br /> � �-� . 16.Borrowcr's Copy. Hnnowcr tihull hr givcn�►nc cunti,rnicd copy uf thc Nute anJ ut'thi�Srruriry In�tru�mnt.
<br /> . � Form 3028 8/80
<br />. ^ vsqo I o�6 —
<br /> t
<br /> ' T
<br /> - , � _._.__..__ - � - -- - --- -- ---
<br /> . " y . .. . . . _. . ..�._ .. � .a.�.\.,f,d11v"".i.filPlYV71A:��'i+G:�'u�i.•.rYWtrl��l^N'wc.a�.?tw�WyW
<br /> •� .
<br /> .. .
<br /> ��� -� '�..�.`_ ._�1SIr.1.'�C.R.V'l._�_�_ .
<br /> R '
<br /> ). ' •'
<br /> . � .. ....�` .� � .. " .. .. .
<br /> 4
<br /> '.�
<br /> � �. � ;
<br /> ' ' ' .�1
<br />
|