|
.
<br /> - i
<br /> .. �,,
<br /> --� �
<br /> . �. � .
<br /> , paymen�y may no Icmger t►e required,xt d�e option of Lxnder, if mc�rtgage insurance rnverage(in che aniaunt and for the period , f .
<br /> that l.�:nder requires)provided by xn in:+urer approveJ hy Ixnder ag+iin beconie,available and i+ ubu►inrd. Bonower shnll pay � �
<br /> � the premiums required to muintxin nu�rtgage intiurauce in effect,or to pravide u li�ss reserve, unril thr reyuirement for mongage�.i� I ��_
<br /> inr•urance ends in accorcianc�with any writtrn agreement 1�etween Barrower ancl l.ender or applicaUle la� �ndc:r sli�ll giv��w �
<br /> { 9, Inspection. I.endrr or iGti agent mxy make reaso�whl�enuirs u{x�n:tnd inspections of die Pro ny. � ! i f'r
<br /> Borrnwer notice at d�e time�f nr prior to xn ii�.tipectlon sprcify[ng reasrn�able cause for the tiLtipection. S� _
<br /> 10. �ondemnation. The proceeds of any award or claim for damages, direct ar consequentixl, in connection widi any �
<br /> u�ndemnadon or ather takirg af any pare��f d�e Pro�rty, or fc�r cnuveyance in lieu of conderanation,sue hereby asslgned and � i _:
<br /> I shall be puid to ixnder. '
<br /> In the event of a total taking of the Property,the proc:eeds�hall be applied ro�he suuis secured by this SecnritW t h�fair ~ ,�
<br /> � w he t her or no t t h e n d u e, �v i d i s n y excess paid to Bon�wer. In the event of a partial taking af die Propeny QD _
<br /> murket value of the Propercy immediately before the taking is equal to c�r greater than the zunount o f die su m s s e c w e d b Y chis
<br /> Security Insuument imniediately befare the utking,unless Borrower and Lender odierwise agree in wr.dag,the sums secured by �
<br /> '�i this Security Instrument shall be reduc:ed by t1►e amnunt of the proceeds multiplied by the fallowing fractian: �a�ediately �
<br /> amount of the sums secured immediately before tbe tak�ng, divided by (b) the fair market valuc: of the Pro A W��� �e fair � �
<br /> before the taking. Any balance shall be paid to Honower. In the event of a partiul takfa8 of the Propeny ,,•.-... •
<br /> ....°.�.t::•_
<br /> market value of the Propeny immedlately before the taking is less tha�i the amount of the sums secured immed►ately before the _ _r �
<br /> takiug, unless Bonower and Lender otherwise asree i�Whether o not the snmslareathen du�se provides, the proceeds shall _•-•��
<br /> be applied to the sums secured by this Security Insuument '�.'°" -�---
<br /> If the Property is abandaned by Bonower, pr;��res ond ayLend rrwithi 30 daysaafter the date the n dce is given�, : °
<br /> ; award or setde a clalm for dacnabes, Bonower fa p
<br /> Lender is authorizecl co collect aud apply tbe proceeds,at iG�option,either to restoradon or repair of�he Property ar to the sums
<br /> secured by this Security Instrument,whether or not then due. a licaeion of roceeds to principal shall not extend or -
<br /> Ualess Lender and Boaower othenvise agree in writin8, anY PP p
<br /> postpone the due date of the montWy payments referred to in paragraphs 1 and 2 or cbange the amount of such paymencs• �!
<br /> 11.Bonower Not Released;Forbex►ance BY LendPr Not a Waiver.Extension of the ume for payment or modification
<br /> ` of amonization of the sums secured by this Security Instrumettt granted by Lender to any successor in interest of Bonower shall `
<br /> not operate to release the liability of the original Borrower or Bonower's successors in interest. Lender shall not 1�e�r ou't���on •;;�+�
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modlfy
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Honower or Bonower's
<br /> � successars in interest. Any forbearance by Lender in exercising any right or remedy shxll not be a waiver of or preclude the
<br /> cxcicise of any ri�ht or remedy. __=- _._ -
<br /> 12. Successors and Assfgng Bound; Joint and Several Liabiltty; Co-signers. The covcuauw and »greemenu of rhic
<br /> gecuriry Insuvment shall bind and benefic the successors Knd assigns of Lender and Bonower, subject to the provisions of ,���.
<br /> n
<br /> paragraph 17. Boaower's wvenants and agreements shall be joint and several. Any Bonower who co-�s�iB�a SA y�t i � ,
<br /> lnscn�menc buc de�es m�t esecute the Note: (a) is eo-signing this Security Instnuuent only to mungage, B ;�'^�`
<br /> Bonower's interest in the Property under the temis of this Security Ii�stniment; (h)is not personally obltgated to paY d�c�utits �,,*„..
<br /> ..•c;
<br /> � secured by this�ecurity Instrument;and(c)agrees chat Lender and any ucher Bonower may agree to extend. modify, furbear or _
<br /> make any accommadations with regard to the terms of this Security[nsaunient or d�e Note without that Borrower's consent• ��,
<br /> 13. Iaan Charges.If the loan secured by d�is Security lnstrument is subject tn a law whtch se�ti mxxlmum loan charges, .�_
<br /> aud that lew is finally intecpreted so that the interest or other toan charges collected or ta be culleeted in eonnection with the .'�.• Y^ _
<br /> ..+,M�,,.':—
<br /> loan exceed the permitted limits, then:(a)any such loan ci�arge shall be reduced by the amount necessary to reduce the c�ar6e u_ ___
<br /> •, ,�• ,_
<br /> w the permicted limic:and(b) anY sums alre�dy collected from Borrower whlch exceeded pernutted limits will be refunde to W, << _
<br /> u �. :
<br /> Bonower. Lender may choose to malce this refund by reducing the principal owed under the Note or by makin8 a d��t •' '���.
<br /> •�;���
<br /> paymcnc to Bonower. If a refund reduces principal, die reduction will be treated as a parcial prepayment without any � ��'l-�
<br /> prepayment charge under the Note.
<br /> 14.Notices.Any notice to Bonower provided for in this Securi[y Instrument shall be given by delivering it or byAddress .,,��� ��
<br /> it by first class mail unless applicable law requires use of another methocl. The notice shxll be dire�i en b efir�class mail to _ __
<br /> ` or any other addres� Bonower designates by notice to Ixuder. Any notice to Lxnder shall be g noticey rovideci for in this *
<br /> Lencler's address stated herein or any other address Ixnder designates by nouce to Bonower. Any P `�;g�"_�;
<br /> Securiry Instrument shall be deemed to have been given to Borrower or Lender when given as provideci iu this paragraph• ,..a
<br /> I5. Governing Law; Severability. This Security Iostrument shall be govemeci by federal law and the law of the �
<br /> o ert is located. In the eveut that any provision or clause of this Security Insuument or die No�tee ''� T���
<br /> jurisdiction in wliich the Pt p y
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can
<br /> given effect without the conflicting provision. To this end the pravisions of this S.curity lnstrument and the Note are declarecl
<br /> to be severable.
<br /> 16. Sorrower's Copy.Bonower shdll be given one conformed copy of the Note and of tliis Security Instrument.
<br /> Form 3028 9l90 ,
<br /> I
<br /> IP�ge 4 of 0 Inmdr.
<br /> ��BRINE)�es�si.o�
<br /> j
<br /> I
<br /> �
<br /> I
<br /> ' I
<br /> ,
<br /> . �
<br />' �
<br />, b71N.hm IL�n �� ,
<br /> � )��
<br /> �
<br />
|