|
,...:, .
<br /> ...1,
<br /> .•..
<br /> -:�
<br /> , , ' .,.
<br /> �11Q'7x6 t . �-
<br /> , . 98- � _�
<br /> paymeab may no lon�er be required,at We optioa of L.ander,if mort�+��e iiuurauce caven�e(im the amount�nd for the period I �
<br /> t
<br /> that Lecder requlrea)Provided by u�innuror approved by I.ender a�ain becomw avail�blo uid Ie obtained. Borrowar ehdl pay _ _
<br /> tha premtum�required to maintda mort�a�e Ineurance in effect,or to provlde�loa reiorve,unW the ra(uiroment for mort���e �
<br /> ineur�uuce eade iu accorduuce wlth any written t�rreement betweon Borrower aad L.ender or applicable Iaw.
<br /> -•+•• 9.Impeetion.Laader or its�Yent may make reasonablo eatdea upon u►d inepoctioru of tho Property. Lender ehall�ive _
<br /> • � Borrower notica�t We time of or prior to�n ia�pection specifying reason�ble cauae for the in�pection. -
<br /> � 10. Condemnation.'Ibe procaeds of aay awud or cl�im for danu��a, direct or coniequeatld, In cotu�ect[on wlth u►y ,
<br /> coudemnation or otber taking of�ny part of the Proparty,or for conveyance in lieu of condemnit[oa, u�a hereby as�l�aed md �',�.:,,.
<br /> eh�ll ba paId to l.ender. ��,.�.•T-
<br /> the roceed�ahall be a lied 4o the eua��ecurod by tht�Securlty Inrtrumeat. . ``_��,:,_..
<br /> � In We event of+�toW taleing of the Ptoperty� P eed pp -_=—_
<br /> whether or aot then due,wlth�ny excesa paid to Borrower.I a t ha evea t o f a p u t t�] t i k i n g o f t h e P r o p a ri y i n�+h lch the fdr ,
<br /> � muket value of the Propercy immediately befora the taking ie oqwil w or greater than cha uaount of tbe�ums eecured by thIe _
<br /> Securlty Imtrumeat immediately beforo the taking,unlees Botrowar and Leader otherwi�a agree in wdttng,the�ums eecured by -
<br /> � thia Securlty Inetnimeat ahdl be reduced by the �mount of the proceeda multiPllal by the following fractton: (a)tha WW _—=.
<br /> amount of tho eumu seeun.d immedtately bafore the taking, divldod by (b) the fiir muieet value of the Property immedlately
<br /> um
<br /> before the t�klag. My bdanca eh�U be pdd to Bomower. Ia the event of�partial Uktng of the Property in which the f r .
<br /> muket valuo of tha Property i�nmedistely beforo the taldng is less thau the nmount of the aums eoeural�mm�dlatety befose the
<br /> taking,uale�a Bomower uid Lender otharwise agrre in writing or unless appllcablo law othorwIee pmvIdea, the procoede shdl .
<br /> be appiled to the eume secured by this SecurIty Inetrnment w+bether or not the eutne ue then due. �'�
<br /> �.. If the Property is abandoaed by Borrower,or if,xfte�notica by Leader to Borrower that the condamnor offers to melce aa �
<br /> �w�rd or eettla�cldm fot damsges, Borrower f�ile co respoad w Lender within 3d daye after the date the notice Is glvea, , :�,_•;,.;;;
<br /> I.ender ie autlaorir,od eo collect and apply the proceeds,at its option,eithar to restontioa os mp�tir of the Property or to ths eums ,
<br /> �• securod by tlue Secudty Instrument,whethar or not then dua u�don of proceeds to prinalPd ah�ll not extend or ..!� ��
<br /> � Uales� I.endar�nd Borrower otharwlee sgnx in writing. auy +�PP -<<�`., �-
<br /> y poatpone Ws due dato of the monthly paymente rofacred w in p�ra8raph�1 and 2 or chenga the amount of ruch ptymeate. ��f,
<br /> � �
<br /> 11.Borrower Not Released;Forbearance By 1.endei'Not a Waiver.Exteneion of the timo for payment or madification :�.��i'_ __
<br /> of amortiution of ths sums secured by t}�ie Securlty Instnunent grnnted by Lender to uay succesaor in interest of Borrowar badl •,o"�;�—
<br /> ^ n o t o p e t axe co nteaeo tLo Iisbiiit y ot'tha o;Iginst Borro�:er ar BQrroiver'a a���r.e�aore in intareat.Leader ehall not be required to _• ����
<br /> commence procad�ngs ag�inet aay succeseor In inurest or nfuee w extead time for p�,ymen t or o t ha r w t e e m o d i f y a m o r t l u t i o n �►vY
<br /> of the suma socut+ed by thie Seeurlty Insttum°nt by reasoa of�ny dem�nd mufa by the orlginal Botrower or Bon+ower'r �{ Y �,.-.
<br /> ' succes,vors{n intereat, Any forbeuance by Lender in axercieing�ay right or ramedy ehall not be a w�tivar of or pnaludo ttte �'i�;
<br /> exarcise of my dght or nmedy. �� ��t
<br /> 12. Suoaxsore and Assi�n9 Bound; Joint �nd Several ListbUtty; Co-si�oers. The covewnts wd agreemonw of thie � ?.
<br /> r� Securiey Inetrument ehdl bind and benefit the succwaora aad aasigne of Lender i,nd Borrowar, eubject to the provisione of ��
<br /> . > parngnph 17. Borrower'a covenants nad agreementa ahall be joint u►d several. Any Borrower who co-siga� thi� Soeurtty �t ' -
<br /> �rt Instrument but doe,+not execute Wo Note: (a) ie co-sjgning this Security Inetrument only W mortgage, grant and coavay that ___
<br /> R Bortower'e interest in the Properiy under the tarms of thia SecurIty Inatntment; (b)ie not peraonRlly obUgated to pty the eums ;��,
<br /> secured by thie 5ecurity Iastn�menh and(c)agceee thac I.ender and�ny other Bonower may agroo to extend,mailfy,forbar ox �—
<br /> ro�ke any accommodations wlth ragard to the tetmv of this Secuslty Inetrument or We Note wlthout that Borrower's con�eat. _�
<br /> 13.Los�n Chw�es.If the loan eocurod by thie Socurtty Inatmment ie eubject to a law which eete mtximum iwn ch�rges�
<br /> and that law ie fintlly interpreted so Wat the interest or other loen charges collectal or to be collxted in connxtion with the '�_�
<br /> loui excbed the permitted limits,thea: (a)any such laan cbuge ahall be reduced by the amount nocesasry to rcduee the charge �;.;��_
<br /> to the permitted limit; aad(b)any sums tlready collected fmm Borrowar which excaded pertnitted limtta wiU be nfunded to •`�°_:°�=
<br /> � ' ;�.i•.�._ '
<br /> Borrower. Lender may choose to mske thie rafund by reduciag the principal owed under tha Nota or by making a direct r��-
<br /> � payment to Borrow�r. lf x mfund reduces prLicIpal, the roduction will be treated +�a a ptrtid pnPayment without �ay ..�=_=.,� T_
<br /> � pnpayment eh�rge under the Note. ';`�`"-�_•--`°"
<br /> 14.Nottoes. My notica to Borrower providod for in thie Secur3ty Instrument ahaU ba given by delivering it or by m�iling ' �
<br /> 1 it by firet class mail unless applicablo Zaw requires use of another method.'Ihe notice ehall ba directed to tho PropertY Addresa ��_"��;": '�:
<br /> I o r a n y o t h e r �d d r w s B o r r o w e r d e s i g nates b y aotice to Lender. My nottco to Lender ehdl bo given by firet ola+e m4U to •*���..��-�-4 �
<br /> i Lendar's uldrws auted herein or any other address Lendar designates by notice W Borrower. Any nodce provided for in thie .
<br /> i Security lnatrument ehdl be doemed to have been given to Borrower or Lender when given as providod in d�ia paragnph. , ;�� .
<br /> � IS.GoveminY Law; Severability. Thjs Security Inetruu�ent shall be govemed by fedonl law and the law of the . ..:.
<br /> I jurlsdictioa in which the Property ie located. In the event that aay provieioa or clause of thia Security Instrumeat or the Note
<br /> � conflicts with�ppliatble law,such conflict shall not affect other provleions of this Security Instrument or tho Note which can be
<br /> � given effect wtthout the conflicting provieion.To this end the provieions of tlue Security Inatrument uid the Nota ue dxlarod '
<br /> � to be severable. � ,
<br /> 16.Borrower's Copy.Borrower ahall be givea one conformed copy of the Noto and of thie Securiry Instrument.
<br /> 114- 16 3 5 F«m so2e slso /� �
<br /> ��6RlNEI �oal�.o� LT044 v.o.sare iNnw:���N _
<br /> �_ _ - -- _
<br /> _ __ _ _ _ _
<br /> _ __ __ _
<br />
|