|
, .�� '
<br /> . �� . . ; .. � �.�_��:�:
<br /> � . '� �' , . . . �.., .��.�o�
<br /> ` "' . .:+ ;:�„•..� � . � . , ' ... . ., . . ' _ _' ��=-=,—
<br />- � ' ' .44'.�_:., .. , �-:�,rn:':qlL;»t44.s:;•trr. . - . .. � . � . .... �.. , . . - ' , . ,. ,�yr_..a:.F�.:u ..�
<br /> '3��wtdll° . -��,.�'.Ci �*�%•`r��t��:�c��?i'��.�_°.�. " . J� . . � , ". . ' � i, . . __ .' , :�' � ' �nY�x,^ __
<br /> . .. � . 't�6.r . . .. .. . ».'o u�r• . . �� . „�.. ._L�'L-5`----`t'`-- .
<br />- � ° l�!!�9h„AM , aM.,,tt . >.�-,..-.. �.{',:Wl-a�t39;n�-:{�:y!,h�}�rE�1.aln..;�:.--_-=--..-...,-.....,.-....-._�._�._. .--
<br />- i�
<br />- � payments muy nu longcr bc rcquircd,nt thc option of C.endcr, if murtgugc insunncc covcrugc(in thc unwunt und for thc periud �
<br /> � ' that L.endcr rcquires) prnvided by un insurcr uppruved by L.cnJcr again bccumcs avuilublc und is ubtuincd. Eiorrowcr shull puy
<br /> ;.:
<br /> • thc prcmiums rcyuircd to maina�in martgugc insuruncc in effcct,or to prnvidc a toss rescrvc,until thc rcyuircmcnt for monguS�
<br /> insur;uuc ends in uccorduncc with uny writtcn ugrcemcnt bctwecn Barcowcr u►HI Lende�or upplicublc Inw. --
<br />- � 9. Inspection. Lender ur its agcnt muy mukc rcusnnublc entrics upnn and inspcctions of the Property. f.cndcr shull givc�
<br /> .,�
<br /> Durruwcr nuticc ut thc tim���f or prinr to an inspection specifying rensonuble cau�e li�r thc in,pectinn. �
<br /> = '�"'2�� 10. Condemnattan. The pruceecls of uny uwurd or elaim far damages,direct or consequentiul, in connection viith uny•':.'�
<br />- � coi�demnatian or ather taking uf uny part of Qie Property,or for ccinveyunee in lieu of cnndemnution, are hereby ussigned un�
<br /> ,�p, shull be paiJ to l.ender.
<br /> �• In thc evcnt of a totul taking af the Property,the proceeds shall be upplicd to the tiums sewred by this Security Instrument,�
<br />` � whcthcr or not thcn duc, with any caccss paid tn Horrowcr. In thc cvent of a pdrtial taking of thc Propcny in which thc fai��
<br />� s market valuc of thc Praperty immcdiately befare the taking is cqual to or grcater thun the amount uf thc sum+sccureci by this
<br />- . �� Security Instrument immediately before thc tuking,unless Borrower and Lcnder othcrwise agrca:in writing,the sums securcd by
<br /> �rt�'.. this Security Instrument shaU be reduced by the amaunt of the proceeds rnultiplied by the following fraction: (a1 che cotal
<br />-- amount of the sums secured immediately beforc the taking, divided by (b) the fair market value of thc Property immedintely
<br /> '�.. before the taking. Any balance shall be paid to Borrower. In the event of a paniul taking of the Propeny in which the fuir
<br />_ matke� :�,1ue of the Property immediutcly befarc the taking is less thun the amount af the sums secured immedintely beforc the
<br /> taking, unless Bormwer and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shaU
<br />_- . be applied to the sums secured by this Securiry lnstrument whether or nut Qtc sums ace then due. -
<br />_. . � if the Froperty is abandoned bp Borrower,or if,after notice by Lender to Bonower that the condemnor offers to make An
<br /> award or settle a claim for damages. Borrower fails to respond to I.cnder within 30 days after the date the notice is given,
<br />- ..�� Lender is suthorized to collect and apply the procceds,at its option,either to mstorution ar repair of the Property or to the sums
<br />`. secured by this Security Instrument,whether or not then due.
<br /> _ f Unless Lender and Borrower othenvise agree in writing, any applicAtion of proceeds to principal shall not e�:tend ar
<br /> postpone the due date of the monthly payments refcned to in paragraphs 1 and 2 or change thc umount of such payments.
<br /> ,. ` 11.Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification
<br />_ � � of amortization af the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> .,. not operate to release the liability of the original 9onower or Borrower's successors in interest. Lender shall not be required to
<br /> �• • commence proceedings against any successor in interect or refuse to extend time for payment or otherwise modify amortization
<br />�:�;-•...�� of the sums secured by this �ecuriry Instrumenc by rw�on uf a��y dcri'iar� ma�c by ih:, orisina! Banaieer or Borro�er's
<br /> 1j �;° successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be s wuiver af or preclude the
<br /> �. � exercise of any right or remedy,
<br />_ „�.,,,;;>�
<br />�,,t:� � 12. Successors and Assigns Bound; Joint and Several Liabtllty; Co•slgners. The covenants and agreements of this
<br />=.^�" ;, •�, , Securiry Instrument shall bind and benefit the successors and assigns af Lender and Borrower. subject to the provisions of
<br /> ._�';;,•k.. :t; parugraph 17. Bonower's covenants and ugreements shall be joint und severaL Any Borrower who co-signs this Security
<br />=�°t���t :� " Instrument but does not execute thc I3ote: (a) is co-signing this Securiry Instrument only to mortgage, grant und convey that
<br />;;�_.::.,.';,4
<br />--<<�t�..,.;„; Borrower's interest in the Property under the terms of this Security Instcumenr, (b) is not personally abligatecl to pay the sums
<br /> ��---�+�,:�rr secured by this Security Instrument;and(c)agrees that L.ender and any other Borrower may agree to extend, modity,forbear or
<br />__-�-.��.�.;M�s;,�;�;;t�`. makc any uccommodations with regard to the tcrms of this Security instrument or the Note without that Borrower's consent.
<br />�- `''" `3'`- 13. Loan Charges. If the loan secured by this Security Instrument is subject to a luw which sets maximum loan charges,
<br /> :�e;j;....ir, �
<br /> ="?'"_�'"�j' • and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the
<br /> - ---�.,.t,
<br />-�:-:{�,�.,,:��� loan exceed the permitted limits, then: (a)any such loan charge shall be reduccd by the amount necessary to reduce the charge
<br /> ..•..�-�:�,i to the permitted limit:and(b)any sums alreudy collected from Borcower which exceeded permitted limitx will be ref►mded to
<br /> _ • Borcower. I.�:nder may choose to make this refund by reducing the principal owed under the Note or by muking a direct
<br />-_ • payment to Borrower. If u refund reduces principal, the reduction will be treated as u partial prepayment without any
<br /> "�� ;� prepayment charge under the Note.
<br />-_ ' �` �•• 14.Nuttces.Any natice to Borrower provided Por in this Security Instrument shall be givcn by delivcring it or by mailing
<br /> _ �����r;„ •;• it by first class mail unless applirable law requires use of another mcthad. 'The notice shall be dirccted to the Property Address
<br /> - '�� or any othcr address Borrower designates by nc�tice to Lender. Any notice to L.ender shall be givcn by first class muil to
<br /> - Lender's address stated herein or any other addretis L.ender designAtes by naice to Borrower. Any notice provideci for in this
<br /> _ Securiry Instrumcnt shall bc dccmed to huvc been givcn to Borrowcr or Lcnder when givcn as provided in this parag�aph.
<br />= 15. Governing I,aw; Severability. This Security Instrumcnt shall be governcd by fecicral law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any prnvision or clxuse e�f this Security Instrument or the Note
<br /> conflicts with applicablc luw, such conflict shall not affec[othcr provisions of this Sccurity Instrumcnt or thc Note which cun bc =
<br /> givcn cffcrt withuut thc conflicting provision. To this cnd thc provisions c�f thiti Sc�urity Instrumcnt and thc Notc.�rc declurcd _
<br /> to bc scvcrablc. _
<br /> 16. Borrower'ti Copy. Horrower shall he given one conformed ec�py of the Note and of this Sccurity Instrument. �
<br /> Form 3028 9/90 �
<br /> Pnpn 4 0�6
<br /> E
<br /> � � �
<br /> - _ , �
<br /> - -- . - . .. , � - --; --.. .. . ,. � , . , ._ ..=��.a"��.:
<br /> - � _
<br /> ___._ _ __
<br />
|