|
,c �:y s .• . � `wr r. �ttl7' � rs
<br /> _ ? 41 ����I�j._ .x...--CC �.....>e r �'.._ ..Y�! 'n+1`.-_.. S .�-._`[:k i��."._.:. P ri _
<br /> ._. - -, ... . _ _ _— _ _ — _�_ _ � _ — — - .
<br /> _
<br /> ..
<br /> .��i
<br /> c
<br /> . . ...�'............ .'.. � . �...�-...�-- _ ,�S' �..-..., , ._ ','. .�. :�fn � _ i� _ �..'fa.�
<br /> �. i �
<br /> _ . .�. _ ���� _, _ '_F_. k _Z'.
<br /> • .5
<br /> _ _ . � . . - . v .< .��..'. . 'n..�. .' • . . :t
<br /> -- �_�� __ <
<br /> .. . , � � �r�� _ T{ ,i ..
<br /> _` L .� � ' �•rf k t.:� _.
<br /> • Borrawa may cure such a defavft and re.instate, as provided in para�h 18, by causing the adian or proceedh+g to be , �` :
<br /> � � ' dismissed with a ru6ng thaL in Lender's good taith determinatfon,predudes to�tedure oi the Bortower's interest in the Pmperty or � � � � -
<br /> -<.� : �' �• � other material impairment of the tten creaxed bY this SecuritY��strument or Lender's securfly interest Borrower shali aiso tre in � �` . -
<br /> ' default'rf Bortower,during the loan appGcatlon process.gave matertatfy ta�se or inaccurate information or statements to Lender (or r �
<br /> � "' '- fai'led to provide Lender with any mateda!tntortnaticn) in eonnecUon wfth the toan evidenced by ihe Note. inciudmg,hut not --- = - _
<br /> - , _ ; ,r `:'�` Gmited to, representations conceming Bortower's accupasicy of the Praperry as a pAnapat residence If this Securily -
<br /> � . . _.�f tastrument is on a leasehold. Borrower shatt compiy with ell the pmvisians of the lease. (f Borrower acquires fee tiUe to tAe � , ��
<br /> Pmperly,the leasehotd and the tee tiUe shaU not merge unless Lender agrees to the merget in writing. � ,_` �;u ,
<br /> ' ' � 7. Ptotection ofi Lender's Ri�flLs in tfte Property.It earrow� tails to pertortn the covenart[s and agreements - .
<br /> .. .. corrtained in this Sewriry[nstrument, or Nere is a Ie�l proceedng that may signifiicanill/affect lenders dghts in ihe Property � ti� •�
<br /> .�� . ``°'f (sueh as a proceed'mg in banivuptcy,probat�tor eondemnation or torfeiture or to enforce(aws or reguiati�ons),then t�nder may � ,
<br /> ` T-o do and Pay for whatever ts necessary to proted the value ot the Property end Le�der's rights in the Property. Lender's acUons � •
<br /> �`�� �� '� ? may indude paying any sums secured by a Iien which has priority oYer this Secu�y Instrument, appearing in caurt,paying , �•.� .
<br /> � -�-��""""�t.° reasonabfe aHomeys'tees and entedng on the Properry to make rePairs.NUtough Lender may take acdan under this paragraph � � ,`r. '�
<br /> � ;� ,� ��'���` 7,Le�der does not have to do so. •. ` fi
<br /> - - ..- ��� My amou�ts dis6�crsed by Lender under paragraph T shai! bec�me add'Aiorial debt of Borrower secured by this Security � _. __��
<br /> � 3 � (nstrument Untess Borrower end Lender agree to other tertns oi payment, these amourrts shall bear interest from the date of :'���
<br /> disbursement at the Note rate and shail be payabie,with interest,upon notice irom Lender to Borrower requesting payment `"4
<br /> � -•:�4 8. Mortgage Insurance. H Lender required mortgage tasurance as a condtion of maldng the loan seaured by this �
<br /> ° Securiry Insdumenx Borrower shaD pay the premiums requGed to maintafn the martgage insurance in eHect tf.for any reason.the ,
<br /> -� � • mortgage tnsurance cove►age required by Lender Iapses or ceases w be in effed. Borrower shafl pay the premiums required to
<br /> • obtain coverage substanUatty equivaient to the martgage insurance prevtousty in eNecC at a cost substant`alty ecNivaient to the ,`'::: �,L:.
<br /> - cost to Bortower ot the mortgage insurance previousty in eflect, from an altemffie mortgage insurer approved by Lender. If . - -
<br /> . � substantiaRy eq�iivalent mortgage insurance coverage is not avaHable, Horrower shall pay to Lertder each month a sum equai to '4;;=`�� � _
<br /> one-tweffth of the yeatly moRgage tnsurance premium being pald by Borrower when tfie insurartce coverage lapsed or e�sed to . ___
<br /> • :�,� be in etfect. Lender vn'll aecept, use and retatn these paymeMs as a loss reserve tn Geu ot mortgage insurance. Loss reserve s.. --
<br /> ,4� � • payments may no langer be required,at the apUon of Lende�if moRgage tnsurance coverage(n the amouM and for the period _ �°'f�` --
<br /> .��', � ' ` that lender requires)provided by an fisurer approve�by Lender again 6ecomes ava0abie and ts o6tatned Borrower shall pay =
<br /> . ` _ the premiums requUed to maintain moRgage insurance in eHect, or to provide a lo�s resenre,unU7 the requirement for moctgage ., '� .
<br />� ' ,�.... insurance ends in eccordance witt�any written agreement between Borrower and Lender or appiicable taw. - ,'t�°,
<br /> _ �� 9. Inspection.Lender or its agent may mafce reasonable entries upon and inspections of the Property. Lender shaA give � .t` ��`°
<br /> — - BoROwer rtotice at the Ume ot or pdor to an inspectloa sp�cifying ceasonable cause for the inspectlon. _
<br />'-- ,` . - �� 10. COttd6mnattnn.The proceeds of any award or dalm for damages,dtred or consequential, in connedton with any , v
<br /> , . � 'r;:'� condemnation or other taking of eny part of the Prope�ly, or for conveyance in Beu ot candemnation,are hereby ass(grted and _ _
<br /> ° shali be paid to Lender. • ��•: Y-
<br /> m the ever►1 of a total taking of the Piropedy, the proceeds shaU be applied to the sums secured by this Security :•�s:� -
<br /> ,. .. �';.�=
<br /> ___ ., �:;;,;;�,;;Y;_, _;;,.., Instrument,whether or not then due,with eny excess paid to Borrower. In the even!of a partlal taking of the Properry fi which - _
<br /> • . - ;`� the tair market vatue of the Property Immedlateiy before tfie teldng is equal to or greater than the amouM ot the sums secured .'; ::•-
<br /> • • by this Security Instrument immediately hetore the taMng, unless Borrower and lender otherw'se agree in wdUng. the sums � � '�'
<br /> �. %u secured by th(s Securiry InsWment shall be reduced by the amourrt of the proceeds mulUpited by the tollowfng fract(on: (a) the ; - ---
<br /> ::.;� total amount of the sums sewred immedatety betore the taWng, divided by (b)the 1afr market vafue oi the Property immediately . _
<br /> . . �. �-.
<br /> betore the taWrtg.My balance shall be paid to Barrower.In the event ot a partial taking ot the Properly in whtch the fak market . ,
<br /> _ .
<br /> .... :: �_:...::.:.,. • �e �,r�,r.a P,��,���pII�q/� �e.+ore Lko tn(rinq�� !ess tf�an the amottnt ot the sums secured�mmedtatety 6etore the Lktttg,
<br />- ' . , unless Borrower end Lender othervvise agree in wridng or uatess appGcable law otherwise provides, the proceeds shall be ��
<br /> ' ' applied to the sums secured by this Security Inslrument whether or not the sums are then due. <���;�g
<br />• H the Properly ts abandoned by Borrower,or it, after noUce by Lender to 8orrower that the corsdemnor oftera to make an
<br /> . ' award or settle a claim tor damages, Borrower fails to respond to Lender within 30 days after the date the noUce is given, • - • ___
<br /> - . -- --�- — "- Lender is aulhorized to coiled and appry the proceeds,at its opUon, etther to restoration or repair of the Property or to the � -_----
<br /> .. sums secured by this Security tnshumerA,whether or not then due. ."���`.�:
<br /> � • Uniess Lender and Bortawer otherwise egree in writing, any appQcaUon of proceeds to principal shall not extend or ' - --
<br />�. postpone the due date ot the monthy payments referred to in paragrapbs 1 and 2 or change the amourrt of such payments. •. : ��� '"�_
<br /> - � ,�'�� 11. Borrawer Not Reteased; Forbearance 6y Lender Not a Watver.Extenslon ot the time tor payment or , � ��,
<br /> ' ` modiflcation o1 amoRizaUon o1 the sums secured by this 3ecurity Instrument granted by Lender to any successor in tnterest ot _
<br />- ' ':.5 Bonower shatl not operate to retease the liabiflty of ihe originai Borcower or Borrower's successors in interest Lender shall not ___
<br /> • ,. �". .. be requ(red to commence proceedings against any successor in interest or retuse to extend tfine for payment or otherwise �,�;
<br /> � - modity amortizaUon of the sums secured by this Security tnstrument by reason of any demand maQe by the origfial @artower or , _
<br /> Bortower's successors in interest. My torbeatance by lender in exercising any dgM er remedy shall not be a wa(ver of or , . .-
<br /> ��� ' precNde the exercise o!any dght ar remedy.
<br /> . . 12. Sucaessors and Assigns 8ound: Joint and Sevarai Usbility; Co-stgners. 'rhe covenartts ana , _-
<br /> . ' ' .�; agreements of this Security Instrument shall bind and benefit the successars and assigns o1 Lender and 8ortower,suhject to the �: ,.�:
<br /> � •� provlslons of paragraph 17. Borrower's covenants and agreements shall be joint and several. My Bortower who co-signs this . •
<br /> � • � • � � Security(nstrumeni but does not execute the Note: (a)Is casigning this Security instrument on{y to mortgage,grant and convey .
<br /> _ �� ' that Borrower's interest in the P►operty under the tertns of this Security Instrumenk (b) is no!personally obligated to pay the ,.
<br /> sums secured by this SecurRy Instrument: and (c)agrees that Lender and any other Bonower may agree to extend,modi(y, _. � �
<br /> r ' ' forbear or make any accammodattons with regard to the terms of this Security InsUument or the Note withoul that Borrowe►'s �.
<br /> < � . ' wnsent. �
<br /> �.'�S • 13. L08n Ch8ig89. If the loan secured by this Security Instrument is subjeci to a law which sets maxlmum toan
<br /> '���� � �, charges, and that law is ftnaliy interpreted so that the interest or other loan charges collected or to be coltected In connectlon �
<br /> • • � with the toan exceed the permrited lim(ts,ihen: (a) any such loan charge shall be reduced by ihe amount necessary to reduce • ;.� � '. .
<br /> � the charge to the pertnitted limit: and @) any sums atready collected from Bonower which exceeded permitted Iimits will be
<br /> � refunded to Borrower. lender may choose to make this refund by redudng the prindpal owed under the Note or by making e
<br /> direct payment to 8orroNer. If a refund reduces pdncipsl, the reduction wiil be treated as a paRlai prepayment wfthout any . _ '..
<br /> � � � prepayment charge unCer the Note. . •
<br /> 14. Naticea.My notice to Bonower provided tor in this Security Instrument shall be given by delivering it or by maiflng it
<br /> � •� by tirst ctasa mail unless applicable law requires use ot another method. The noUce shall be directed to the Pra�erly Address � ..
<br /> ; ; � or any other address Bonower designates by notice to Lender. Any notice to Lender shall be glven by first ciass mail to
<br /> • Lender s address stated heretn or any other address Lender designates by notice to Borrower. Ar►y notice provlded tor in this ..
<br /> ' Securiry tnsWment shail be deemed to have been given to Bortower or Lender when given as provlded In this paragraph. •
<br /> ' 15. �oVerning Law; SeVBtabllity. This Secudry Inswment shall be govemed by federal law ond the law of the
<br /> ' • , Jurlsdictlon In which the Property Is located. In the event thal any provislon or clause oi this Security tnstrument or the tVote
<br /> . � conflicts with applicabte law. such conflict shali not aHect offier provisions ot this Security Instrument or 1he Note whlch can be - • �
<br /> given eHect without the contlicting provision. To this end the provlsions of this Securiry Instrument and the Note are declared to �
<br /> • � be severable. . •
<br /> � " . � 16. Borrower's Copy. Bonower shall bo given one contormed copy ot tfie Note and of this Security Instrument. �
<br /> ..`•:, , �
<br /> . _ ._ . � F•>•5�'GG[��577 P.�gr 3 O}5 �/P=--�—r- � . � .
<br /> i ( � .
<br /> _ �
<br /> r_
<br /> ..,. .._ .. .. .; . .--
<br /> �.. ._..--_- ..
<br /> . r= _
<br /> • 3�7 i5
<br /> . . i r ,
<br /> --' • I { _�..�.-�_ `—..
<br /> . 19
<br /> . ''-� . ._ .. . . . i . � �
<br /> _. � � .. .. . _. - .... . _ . ._ .. . .. . ..... . . . .. _ _ .. .. . . .. .. _... . .... . ... _. _... • ... _ .�� .�., ... .. . ..._...... . . . .L.
<br />
|