|
�_' 3
<br /> '� =3.
<br /> �4� .� „��
<br /> sfr�r` . ' . �+�.�.
<br /> , . ., . .
<br /> ....Tl:.dl�F. - �ir�� . . :�/.•o���/ht�'fY'.
<br /> .. � { .�I.j a.:IG;•2•�-=.'� u.�.
<br /> ,y�� -:
<br /> '"�?1.i'�%z;r—=-'—
<br /> ' „ . .�•,,.•7'�"' -
<br /> �u.�a.
<br /> . .. � y�fi{'� �.
<br /> h
<br /> � .. .., . . .. . ��
<br /> ' 98— �cr�'zs2 . .�--
<br /> payments may no longcr be required,at the option of Lender. if mongage tnsurance coverage(in the amount and for ihe period `:�;�'• -
<br /> chat I..ender requires)pravided by an insurer approved by Lender �gain hecomes Avnilahle;uid is obtained. Borrawer shall pay _
<br /> the premiums required to mnintaln mortgage insurance in effec6 or to provide a loss reserve,until the requirement for aiangage =.�;,;_,;;,��; �,:L;
<br /> ,. insurance ends in accordancc with any written agreement betwccn Borrower and L.ender or applicnble law. �;�.:• •.-,
<br /> ��� .. 9. Inspection. Lender or its agent may mukc reasonable entries upon and inspections of the Property. Lender shall give ;;��, -: __
<br /> Bonower notice at the time of or prior to an inspection specifying re�sonable cause for the inspection. •f� �r�_�� ;:._
<br /> ; ,,.
<br /> ,, 10. Condemnatton. The proceeds of any award or claim for damages, direct or consequential, in connectian with any •• .. �.r ,,_.__;�
<br /> condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnation, are hereby assigned and �``:`»',._�•1.; ___
<br /> � K•:;,_-'.
<br /> '� ��:�=-
<br /> shall be paid to Lender. '� F��
<br /> In the event of a total taking of the Property,the proceedsshall be applied to the sums secured by this Security instrument, ,�'��. r
<br /> whethet or not tlien due, with any excess paid to Bonower. ln the event of a partial taking of the Property in which the fair
<br /> • market value of the Property immediacely before the taking is equal to or greater than the amount of the sums secured by this .+�^;
<br /> Security lnstrument immediately before the taking,unless Borrower and Lender otherwise agree in writing,the sums secured by ,,>___
<br /> this Securiry Instrument shall be reduced by the amount of�he proceeds multiplied by the following fraction: (a) the total �"='-°
<br /> .��;�;`
<br /> amount of the sums secured immediately before the taking, divided by(b) the fair market value of thc Property immcdiatcly .--
<br /> before the taking. Any balance shall bc paid to Borrower. In the event of a partial taking of the Property in which che fair ,_r�.
<br /> market value of the Property immediacely before the taking is less than the amount of the sums secured immediately before the .-.�.;.:_-_
<br /> , taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall ��'_�"�-
<br /> t. be applied to the sums secured by this Security Instrumern whether or not the sums are then due. ��1�._._
<br /> ' .L��i_
<br /> If the Properry is abandoned by Bonower.or if,after notice by L.ender to Borrower that the condemnor offers to make an ^ ._.
<br /> award or settle a claim for damages. Donower fails to respond ro L.ender within 30 days after the date the noticc is given, +�����.
<br /> Y'
<br /> Lender is authorized to collect and apply the procceds,at its opiion,either to restoration or repair of the Praperty or to the sums _:�,��:--�
<br /> secured by this Security Instrument,whether or not then due. ���±:��`
<br /> •� Unless Lxnder and Bonower otherwise agree in writing, any application of proceeds to principal shall not extend or t•'�;�..
<br /> � postpone the due date nf the monthly payments refened to in puagraphs 1 and 2 or change the amount of such paylnents. � ��,
<br /> - 11.Borrower Not Released;N�orheatrance By I.eader tiui e L�'aiser.Eztcnsion of thc time Far paymer.s or mw3ificatlon -��i"`=
<br /> of amonization of thc sums secured by this Security Instrument granted by l.ender to any successor in inccrest of Borrower shall �{�
<br /> not operate to release the liability of the odginal Borrower or Borrower's successors in lnter�st. L,ender shall not be required to ��—u—
<br /> � commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify aa�onizatton �__
<br /> , of the sums secured by this Secur[ty Instrument by reason of any demand made by the oflginal Borrower or Borrower's �_
<br /> �,.�.R=.
<br /> a + successors in interest.Any forbearance by Lender in exercising any right or rerr.edy shall not be a waiver of or preclude the _ __
<br /> exercise of any right or remedy. ��`�—
<br /> � � 12. Successors nnd Asslgns Bound; Joint and Sever�l Liability; Co-signers. The covenants and agreements of this �
<br /> �•+ Security [nstrument shall bind and benefic the successors and assigns of I.ender and Borrower, subject to the provisions of
<br /> ° paragraph 17. Borrower's covenants and agreements shali be joint and several. Any Borrower who co-signs this Security ___ _
<br /> �- Instrument but does not execute [he Note: (a) is co-signin�this Security Instrument only to mort�age, graat and convey that _
<br /> . .t . -
<br /> Bonower's incerest in the Property under thc terms of this Securiry Instrument; (b)is not personally obligated to pay e sums
<br /> � � secured by this Security Instrument;and(c)agrees that Lenderand any other Borrower may agree to extend. modify,forbear or �J.-
<br /> . make any accommodations with regard to the ternu of this Security Instrument or the Note withouc that Bonower's consent. �'-,
<br /> . � , 13.I.oan Charges. [f the loan secumd by this Security Instrument is subject to a law which sets maximum loan charges, �
<br /> and that law is finally interpreted so that die interest or other loan charges collected or to be collected in connection with the � �
<br /> 1� °
<br /> L__
<br /> loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reducc the charge
<br /> �- to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to �-!y= _
<br /> Bonower. Lender may choose to make this refund by reducing the principal owed under the hote or by making a direct �: _
<br /> , 'f. payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any �-_:.-
<br /> prepayment charge under the Note. •``.� --
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing "�"
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Propetty Address �,
<br /> ' or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to �', _ ;�'•-
<br /> .. ,;.,_
<br /> Lender's address stated herein or any other address Lender designates by notice to Bonower. Any notice provided for in this ::'. � °:.�r
<br /> , Security Instrument shail be dcemed to have bcen given to Borrower or Lender when given as provided in this pazagraph. `��"' '�'��•�
<br /> , 15.Govern(ng Law; SeverebiUty. This Security Insirurnent shall be governed by federal law and the law of the �='�..�.
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security instrument or the Note .
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be ,,.
<br /> . given effect without the conflicting provision. To this end dx provisions of this Secuxity Instrument and the Note ue declared
<br /> � to be severable.
<br /> � 16.Borrower's Copy.Bonower shall be given one contormed copy of the Note and of this Security Instrument.
<br /> + Form 3028 I9'1�O �
<br /> J AJR�.aoiue��oo�mn. atqe4oi6 �nxeiq:��(/�/ '
<br />.-. ; ���Q�....'—• '-- ' - �� � ---__---'_
<br />_ v�//f
<br /> �_ __
<br />
|