|
� -'Y-"��= • • i.. �C_� i:5 _..:$„'. -�� C_ � .s1F' :=�:
<br /> _.�.�� - -- -.. , . . .. . _ - ._' ' __-
<br /> --�—•------- �— __ ..'_ _ ._° _ __ - _ -_ _ _ : _ _ -
<br /> . . `. , . � :z . . _. 4 � � .
<br /> • t .
<br /> . �. ��� F � tia� _-` .' _
<br /> , .. . ._
<br /> '
<br /> ..
<br /> - � . • �_ ; .. .,; - _ � .�y����.._,._..t ,
<br /> : < ..
<br /> ��
<br /> . • • �
<br /> .� ... .
<br /> _ _ _yt - c.• _ - _zt`._..:..._�_,.;.__.t�� S'- �'!-f .ti-_c - `'i -
<br /> ,_ - . .. .,.<..___.. . ..
<br /> --.�. ..�._;^� . . ..� .�. , . .. � . . . �=s --
<br /> a � l E
<br /> . � �- t-
<br /> ��-'i-.' �: .' :�}'.:-•:
<br /> �� - , Borrower may eure such a defauit and reinstate. as provided in paragraph 18. by caustng the aeUon or proceeding to be , `�� ; � Y..,; � . .
<br /> ` . , , � 'dismiss�d wilh a ruQng thaL in Lender's good taith determEnatton.Preeludes forleihue ot the Bortower's interest in the Prape�ty►or ... ��: _ . �t :
<br /> <,;� `' • • other matertal i�r�airmer►t o1 the Qen created by this Security Instrumert or Lender's securicy irtterest Borrower shaU aiso be in r'... ;c� ,, �. .�s...
<br /> -- 4':� defauft it Borrower.dwing tke loan aPpBcatlon proc�ass.gave materfaly fatse or�accurate informa8on or statements to Lender(or , ' ,. _-
<br /> . ; � ia�1e6 to provide Lender with any mate�nl infonnaUon) in connecUOn with the taan evidenced by the Note. inctudlny. but nc1 _ :.-r" �_<
<br /> _. . . GmiDed to, re�treseitatians conceming Barrower's acwpancy o t s he P rop e rt y as a p:i n c i p a l r e st d ence. H tAls Sew r i t y .�r--�:
<br /> ta '_ •`",
<br /> � fnstrument ts o�a teasehold.@ormwer shaU com�SY�vlth 8U the Arovtsions of the 10ase- If Bortower acquires fee titie to the ` .,4 :�..:,..
<br /> � •` PropeJty,the leasehold and the tee titte sha7 not m�rge untess Lender agrees to the metger(n writing. (� .� r , -
<br /> - ' 7.Pro48Ctlon of Lender's 03ights in the Property.H Borrower fails to pertoTm the eorenanfs and agreemenis � • �.,���"
<br /> � ��:c` �r�:< i.
<br /> ` ` ```L: contained in this Security lnstrumen„ or there is a legal pracee�ing thai may si�ificantty eHed Lender's dghts in the Properly :.a, ;. '
<br /> � .:•�- ` (sueh as a proceeding in baNauAtcy, probate,tor candemnatton or foAeiture or to entarce laws or tegulaUonsy,then Lender may � � � ;.. •, . �.�'; �
<br /> - � do and pay tor whatever is necessary to proteet the vatue af the Property a�sd Lender's dghts in the Propertyr. Lender's actiana � , . : ,� �.-._`,,'
<br /> � t`:.s.; may inctude paying any sums sewred by a Gen which has priariry over thts Securiry tnstrument appearing in court, paytng � "
<br /> � ="---���r,"` reasonabte attomeys'fees and entering on t he P rope r ry to m a k e F e p a i r s.A l d►o u g fi L ender m a y take action under this paragraph � ' .`t. °� ;`O�' ���
<br /> �._f .�?_• 7.Lendet does not have to do so. � , �
<br /> Any amaunts disbursed by Lender undef paracyaph 7 sha8 beeome addGonat d�t sf 8ornswer secvred by tAls Securiry � '� .;f �":-_
<br /> - �� i n s tr u m e n t U n l e s s B o r r o w e r and Lender a�e e to other terms of payment,these amounts shall bear interest irotn the date of
<br /> -+� • . d'isbursement at the Note►ate and shai!be payable,wAh mterest,upon nouce trom Lender to Borrower requ e s ti ng paymen t , , .
<br /> � ' 8. Mort$age insuranee. H Lender required mortgage insurance ss a condih'on of making the loan secured by thks �: ,s
<br /> `" Security instrument,Bortower shaD pay the premiums required to maUrtain the mortgage insurance in efted.If.tor eny reason,the _ 5 '.
<br /> mortgage insurance coverage required by Lender Iapses or ceases to be in effect. Borrowet shall pay the premtums requited to '` x:,:
<br />• • � r�. � obtain coverage sutstantiaify equivalent to the mortgage insuwnce previausiy in eflect, at a oost substantiaily equivalerrt to the . ,_ -_______
<br /> � cost W gorrower of the mortgage insurance previousty in eHed, irom an eitemate mortgage insurer approved by Lender. 8 �
<br /> �� substanUaUy► equivatsnt moRgage Msurance coverage is not avaitabte, 8orruwer sha(1 pay to Lend�each morrth a sum equai to ' „ ,.,�;•.:�
<br /> � one-tweHth ot the yea�yt mortgage insurance pran(um being paid by 8orrower when the insuranee eoverage lapsed or ceased to � ; _
<br /> , 6e in eifet�. Lender wN accept, use and reta(n these payments as a loss reserve in fieu of mortgage insurance. Loss resenre : . _-----
<br /> `'�, payments may no tonger be requ(red, at the opUon of I.ender,i1 moKgage fnsuranca coverage(tn the amount and tor the period ; ,��,
<br /> � � .. that Lender requires)provided by an insurer approved by Lender again becomes ava7abte end Is obtetned. Borrower shatl pay - - -
<br /> �� " . the premiums required to matntain moKgage insurance in efteci,or to provide a Wss reserve, unL7 the requhement tor mo►tgage -.<.,, :
<br /> insurance ends tn accordance with any written agreemerrt between Bortower and Lender or appQcabta taw. �. '"`k
<br /> . ' 9. lnspedlon.Lender or its aqe�may make reasonable er�tries upon end inspectlons of the Froperry- Lender shall gi+re _ ; ,-
<br /> - � Borrovrer noUce at ttie 16ne ot or prior to an inspedlon specitying reasonable cause for the InspecNon. "'
<br /> ' ' �. � ' ! 10. Condemnadlon.The proceeds of any award or daim tor damages, direct or consequenUal.in connecUon with any - �
<br /> , . �:I:N condemnatlon or other taWng of any part of the Property, or tor conveyance in lieu oi condemnaUon, are hereby sss(c�ned and „ ;_���
<br /> . s h a t 1 be p a i d to L en der. `' ` ~.:,l�"'�"T
<br /> '� '�_`� In the event oi a totai taking ot the Properry, the proceeds shall be applied to the sums secured by this Sewrtly • ��;4„�;;,�
<br /> •• -•- Instsumen t,whether ar not then dua with any excess Pa[d to Borrower. In the event of a paRlal taldng of the Properly In which : _-i���
<br /> ', � '-� ..�' the faU market value of the Property immediatety belore the tatdng[s equai to or grea ter t h a n t he amoun t o 1 t h e s u m s s e c u r e d . ��:��:A
<br /> �. • ! by this Security InsWment fmme�iately before the taldng, unless Borrow�and Lender ottierwlse agree in wrfUng, tfie sums =
<br /> � .. secured by this 3ecurily Instrume.nt sha0 6e reduced by the amauM of the proceeds muttiplied by ths foilowing iraction: (a)the �
<br /> � � -� total amount of the sums secured immemately betore the taldng, dmided by(b)the tair maelcet vaiue of the Properly imme�ately ,.�'�;���
<br /> _�� betore the taking.Any batance shali be pald to Bortower. (n the everrt of a partfal taSdng oS Yne Property in which the fair marfcet =-
<br /> � . . . value of the Property immediately before the taking is less than t{se amaunt ot tlze sums secured Immec�tety betore the tatdng -_
<br /> '�f•'� ' unless Borrower and Lender othervvise agree (n wnting or untess appttcable law othenvise provides, the proceeds shall ba � .ti.�_��
<br /> ' • �� �• applied to the su�s secured by this Security Instrument whether or not the sums are then due. • ' "�"`•�-
<br /> . � �?.}� If the Properiy is abandoned by Borrower,or fl,after notice by Lender to Boaower that the condaimot ofters to make an ,. �.,.�• '-�
<br /> • awazd ar settle a claim tor damages. 8orrawer fa(Is to respond to Lender with(n 30 days after the date the notioa is given, .: ��.,{;.�;._��_:
<br /> ` Lender is suthocized to collect and appy the proceeds, at fts opUon, either to restoraUon or repalr of tha Property ar ta the ; •_ ;°�
<br /> � � � �`" sums secured by this Securiry Instrument,whether or not thea due. •% ' ��?`
<br /> •: �:.•,,;:. . _.
<br /> ' �'` Unless Le^drt and Bortower othetwtse agree in wrfUng, any appfication of proceeds to pdncipal she11 not extend or ,... '; �=�_
<br /> postpone the d�°date of the monthly payments referred to in paragraphs t�d 2 or change the amount ot such payments. '. _ _
<br /> -�., :;: 11.Bon��ar Not Released; Forbearance By L.ender Nat a Waiver.E�ension oi the time tor payment or , , __�,__
<br /> - • � modiftcaUon of amortaation ot the sums secured by this Securiry instrument granted by Lender to eny successor in interest of ,: -,�. • •
<br /> Bortower shall not operate to re►ease the BabTiry o11he oflginal Bortower or Borrov�er's successors in interest. Lender shall not �'�#'� � ��:
<br /> ;�:;,•�t_
<br /> be required to commence proceedirtgs against any successor in interest or refuse to extend thne tor payment or otherwise ����:
<br /> ' � • � ' mod�ty amoRizaUon ot the sums secured by this Securily insdument by reason oi eny demand made by the odginal Bormwer or .�. . `�'��=
<br /> �.`�,_�: _, . BoROwer's suceessors in imerest Any forbearance by Lender in exera�:+g arry right or remedy shaU not be a waiver of or ::Y:-
<br /> , �,r; prectude the exerdse ot eny dght or remedy. ' : �"� ,�• '
<br /> . 12. Successors and Assigns Bound; Jaint and Several Uabllity; Co-stgnera The covenanfs and `�••��
<br />,� . agreements of this Secufity Instrument shall bind and benefit the successors and assigns ot Lender end Borrower,subjecl to the __ -
<br /> � � � � provlslons of paragraph 17. Bortower's covenants and agreements shall be Jolnt end several. My 8ortower who co-signs this . : �
<br /> . Security Instrument but does not execute the No2e: (a)is eo-signing this 3ecudry Insuument onty to mortgage,grant and convey • , f�
<br /> that Bonower's interest in the Property under ihe tertns of this Security Ir.strumerth (b) is not personalhl obligated to pay the •
<br /> ' .i sums secured by this Security Instrument; and(c)agrees that lender and any other Bortower may egree to extend,modity, . '.:
<br /> ` torbear or make any accommodaqons wfth regard to the tertns of this Security Instrument or the Note wtthout that Borrower's �,�;•..
<br /> . , •��:� ..
<br /> ' • ; consent. . .
<br /> :'� �. "4 13. Loe� Cha�ges. if the ioan secured by this Securiry InsVument is subject to a law whiot� sets maximum loan . .
<br /> • • . ( charges,and tha!law Is IInelty interpreted so that the intere�t or other loan charges coilected or to be collected in connecUon
<br /> . ,f with the loan exceed the permitted limils,then: (a)any such loan charge sha11 be reduced by the amount necessary to reduce
<br /> the charge to the permitted Iimil; and(b) any sums already coltected from Bonower which exceeded pertnitted Iimfts will be
<br /> ' � ' � retunded to Bortower. Lender may chaose to make this retund by reducing the principal owed under the lYote or by making e �
<br /> � � direct payment to Bortower. N e retund reduces pdncipal, the reduction will be Veated as a paRial prepayment wilhout eny '
<br /> � prepayment charge under the Note. . .
<br /> . � . 14. NOliCe9.Any nopee to Bortovier provided for in this Security�nstrument shall bo gaen by delivedng it or by mailing it , �.
<br /> ` by tirst ciass mail unless applicabla taw requlres use o1 another method. The notice shall be directed to the PropeAy Address .
<br /> ' . or any other address 8ortower deslgnates by noUce to Lender. My noUce to Lender shatl be given by flrst class maii to
<br /> � �'t Lender s address stated hereln or any other address Lender designates by notice to Bortower. My noUce provided tor in this . .
<br /> Security InsUument shall be deemed to have been given to Bortower or Lender when given as provided in this paraglaph.
<br /> 15. Doverning Law; Severability. This Security instrument shall be governed by federal law and the law ot the . .
<br /> j )urlsdictlon in which the Properry Is located. In the event tha! any provlslon or clause of ihis Security Instrument or the Note
<br /> - , � conflicts with appitcable law, such conihct shall not aftect other provisions of this Securiry�nsUument or the Note which cen ba .. . .
<br /> . . � ..� given eNect without the coMlicUng provision. To tMs end the provlslons ol this Security Instrument and ihe Note are deetared to . . �_
<br /> be severable.
<br /> � 16. 80l�owel'S COpy.Borrower shall be given one contormed copy o!tho Note and of this Security Instrument.
<br /> � �� , � �� .
<br /> . n1r,i�:.:��.�n v�q.. 1-r> � ..
<br /> _ ... �. �
<br /> _- � i � _
<br /> .. . . .
<br /> --' �, ------- —
<br /> , . - --- � -- �i �.a � ,
<br /> . I
<br />. _ _ .. , , y . .. . . -..:� .,�,. 'R;k�_..`�"''`-`'`•:�j. -.i-
<br /> --.;•+�.u:,id-�a�a.x.5,1�1�iwmr�:�R. r_ . . .__ ... ., . �._.. . . . ._ �. . .. !_.,� ,. � ., a. , . _ • .,.��i-�q, �.,�}?. �yu+if-.`_ :�r,..`�ai�:.,�,�..�:��i.�•t'i.��s-r,,r-aw:�ti.§l�h�Ti�S��+�,.-�.S��.ar�ci:twi%s:_
<br />
|