|
., ,.,
<br /> •�` . .
<br /> .. 1.:;.x.Rn�,
<br /> � , .. ,^:t��°'.'���i
<br /> . . . ..ti�' , .•, .. ' � .. . . " : � . . ., - " • Yw.,..�t�f�-..
<br /> .. � , �� �•IV�$�ktr,Myt'..�. . ' .. ' . .... ,r_`�.-r=-'--- i _
<br /> ` . . ..Sy�y,.. - , .�.. .wy'�v,;�'h/.y:% ' ' _ ., . ` . .. . .� ... .....� .w.lf' :M_ __
<br /> . .ss. . . _ ' - . .. . �� . - .. - . .. . � �. r,.. a +. _
<br /> . . ���' .. . . .. . .. - .. - . - . - `-
<br /> �
<br /> I �'�Y'v.4.r•nPn•,n...�,,,y�,.��.MiM1'-.YA:V,.ri(^�.ryr.,.YdfW�K.�t�,�Tjr!.d.ai.ni,-,�,;'-:.Ji:e..�iA- w Sv�r7•.d'�.��>` " .. . .. . _ .. . . . •�..:'�'.. � 5..;iN'•:���. .. .
<br /> w
<br /> �`.
<br /> :J�J` 1��}BrJ�
<br /> payments muy no langcr bc requireci,ut thc optinn of L.endcr, if martgu�c insuruncc covcrugc cm thc amount and li�r thc pericxl
<br />_ , thut I.cndcr rcquires)providcd by un insurcr upprovcd by I.cnJcr aguin bccomcs uvuilublc und is ubtuined. Borrowcr tihull pay ��-
<br /> ,��` thc premium+required to maintain mortgngc insurnncc in effcct,or to pr�vidc a lotis rcscrvc,until thc rcyuirement for mortgagc ��
<br /> insurance ends in nccordance with an �vriuen a reemr�it hetween Borrower n�id I.ender or i� lirnhle I�iw.
<br /> r s rr ���°`
<br /> ..:-;�� � s r � �• . � v s. ,.�._-v
<br /> 9. Ins tion. L,endcr or its a ent mu mukc reusonable entrics u n und inti cnom nf the Pr<� rt I.cnder shull ive �-
<br /> ,� � -__
<br /> Borrower notire nt the time of or prior to nn inspectiun specifying rensanable ruuse for the inspcction. �._
<br /> �� 10. Condemnation. The proceeds of any uwurd or cluim for dumages, direct ar canscquentiul, in rannertion with any �'-'
<br /> �� condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and ��:
<br /> shall be paid to Lendcr.
<br /> in thc cvent af a totnl taking of the Property,thc pracceds shall be upplied to the sums secured by thi�Security Instrument,
<br /> � �vhether or nat then due, with any excess paid ta Borrower. In the cvent of a partial tuking of the Property in which the fair -
<br /> market value of thc Property immediately before the taking is equul to or greuter than the amount af the sums secured by this �'''
<br /> Security Instrument immediately bcfore thc taking, unless Borrower and Lcnder othcrwise agrec in writing, the sums secured by R
<br /> �
<br /> this Security Instrument shall be reduccd by the amount of the proceeds multiplied by the fopowing fraction: (u) the total �`
<br /> :_
<br />-_ „ amount of the sums secured imrncdiately before the taking, divideci by (b) thc fair market value of thc Praperty immediately =
<br /> before the takin�. Any balance shall be puid to Barrower. In the event of a partial taking of the Property in which the fair -
<br /> " market vulue of the Prope��ty in�me�liately Uefore lhe tuking is less lhun the umuunt uf thc ywna sacurr,�l i�tu�iediately befure tl�e �
<br /> taking, unle�s Borrower and Lender otherwise agree in writing or unless applicuble law atherwise provides, the proceeds shall -
<br /> be applied to the sums secured by this Security Instrument whether ar not the sums are then due. =�
<br /> If the Property is abundoned by Borrower,or if,after notice by l.ender to Borrower that the condemnor offers to make an Q�� �
<br /> award or setde a claim for damngcs, F3orrower fails to respond to Lendcr within 30 days after thc date the notice is given, -
<br /> Lender is authorized ro collect and apply the proceeds,at its option,cicher to restorution or repair of the Property or to the sums �-
<br /> secured by this Security Instrument,whether or not then due.
<br /> Unless Lender und Borrower otherwise agrre in writing, any application of proceeds to principal shall not extend or -
<br /> postpone the due date of the monthly payments rcfened to in paragraphs 1 and 2 or chunge the amount of such payments.
<br /> 11.Borrower iWot Released;'rorbearance By l,ender Not a Waiver. Extension of the time for payment or moditication �.
<br /> of amortizatian of the sums securcd by this Security Instrument grantcd by Lender to any successor in interest of Bonower shall �
<br /> -- _= nat aperate to relcasc thc fiability aF thc origina!Borrow•cr ar Borrawcr's succ�;cor;in ir,tere;t.L.:r�er;Iidll Piui�ic�jUfiixt Iu
<br /> . commence procecdings against any successor in interest or refuse to extend time for payment or otherwise modify amortiustion °
<br /> of the sums secured by this Security Instrument by reason of any demand madc by the original Bonower or Borrower's -
<br /> successors in interest. Any forbearance by [.ender in exercising any right or remedy shall not be a wuiver uf or preclude the
<br /> exercise of any right or remedy.
<br /> . 12. Successors and Assi�ns 13ound;Joint and Several Liability;Co-signers. The covenants and agreements af this
<br /> : Security Instrument shaU 6ind and benefit the successors und assigns of Lender and Borrower. subject to the provisions of =
<br /> , paragraph 17. Borrower's covenants and agreements shull be joint and severul. Any Borrower who co-signs this Security
<br /> Instrument but does not execute the Note: (a) is co-si�ning this Security Instrument only to mortsage,grant and convey that
<br /> ' Borrower's intcrest in thc Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums =
<br /> secured by this Security Instrument;and (c)agrees that Lender and uny other Borrower may agrce to extend, mcxlify,forbear or _
<br />-„ _ make any accommcxlations with regurd to the terms of this Security Instrument or the Note without that Borrower's consent. -
<br /> 13.I.oan Charg�. if the loan secured by this Security Instrument is subject to a law whicli sets muximum loan charges, r:_.
<br /> and that luw is finatly interpreted so thut the interest or�nher loan char�es collected or to be collected in connection with the r'
<br /> loan exceed the permitted limits, then: (u)any such loan charge shall be reduceci by the amount necessary ta reduce the charge v�`
<br /> to the permitted limit: and(b)uny sums ulready collccted from Bottawcr which exceeded permitted limits will bc refunded to -�
<br /> Borrower. Lender may cho�ise to make thix refund by reciucing the principal owed under the Notc nr by muking a direct
<br />��� ., � payment to Borrower. If a retund reduces principal, the ►eduction will be treuted as a partial prepayment without any o;=,
<br /> prcpayment charge under the Note. �
<br /> `'' 14.Nottces.Any notice to Donower provided for in this Securiry Instrument shall be given by delivering it or by mailing --
<br /> it by first class msil unless apnlicablc law requires use of another mcthod.The notice shall be directed to the Property Address r-�
<br /> or any c�ther address Borrower dcsignates by notice tu Lender. Any noticc tv Lcnder shall be given by first class mail to -
<br /> Lender's address stuted herein or any other uddress I.ender dc,ignates by notice to Bormwer. Any nc�tice provided for in this ��
<br /> �s-
<br /> Sccurity Intitrununt shull be dccrncd to havc becn givcn ta Borrowrr iir Lendcr when givcn as providcd in this pnragraph.
<br /> ��-�
<br /> I5.Governtn� Lu�r. Severabilit�•. This Scruriry in�trument sh:ill be govcrned by fcdcral law and thc law of the
<br /> juri�dictiun in which the Property is loruted. In the event that any provitiion or rlause of this Security Instrument or the Note
<br /> conflicts with applicablc law,such ronflict shall not�f'fect othcr provisions of'this Scrurity Instrumcnt or thc Notc which can bc
<br /> Igiven cff'cct without thc c�mflirting provisian. To this rnJ thc provitiionti of this Scrurity ln.trumrnt and thr Notr arc dcclurcd
<br /> � ta bc scvcraNlc.
<br /> � 16.13orrower's Cop��. Burrower shall he given une ranfiirmed copy of the Note and of thit Srcurity Intitrument.
<br /> Form 3028 9/90
<br /> � Pnii,�n o�6 .
<br />. :.1
<br />-.- , .� �___ ..
<br /> �
<br /> _._...-_ _._ .
<br /> �l _. ___ . . __.. __.
<br />
|