|
._ .+:...�4.:� _ . .t e 4.. 7
<br /> C—�-rt� __�'y—^ _='—,.-_ _ '_ . _ 2. __._ _( ^" __
<br /> ,t. . .� . `� , t. . . 't �n
<br /> . �, . .
<br /> .._ 7 '�:. :.t�.-{-'. '_. . .-: �.. � . .. . . . . t'� C.
<br /> _ .y-._ � . . . .. . , , ._ .. . . . ..
<br /> - }� G. . . . '. _ `� . : ..�: . a . ` f . . .
<br /> '.' - ._. -. . . .. . . . . _
<br /> . , • .. .�_ : .. . : :,,�. ._.S'_i� ' '..�.,. . . _. . . .. ... _ - ' i _' _.. . .. �:Y.• • -! _ . .� - ... , _ ... . . ... . � .
<br /> w��d
<br /> � �. • _ - . , . . . . " . . ' � , . - ' 'F� �
<br /> . . . . , � ^ _ .. ' � r- .. ` . � . , . . ` - ` . _ , ' .� ' ..( ' : ..`. ' � S � .A-a.
<br /> ` - . , `' � . .��. . - ... � � y` t . . � . � '. . ` ~ • . ; � ; . ' � - �. . �' ' � .. ". . . . ` . . ,. _ . .
<br /> . � .. . • i ` ` . ' .. _ ' � � • .. .a . . . . , � . , � .. . C`
<br /> .• ' ( C� .�_,..__..`. ' .�.....___......._1G_--___.__u._ _ � ._�..va._��......_.____— ._._....__.�-�-�_..__.._.�_...._ ..� .__-r..-.u�.�..�- � , �C ,
<br /> - ' ' . �V� �f,ir���ay /r �` • E`
<br /> � ` , payments may na longet ve cequi�.at the aPtion of Lender,if mortgage insuiance coverage(in the amouut and for the period " �, : .. .
<br /> �`�� � � that 1 ender requises>Provided by an insurer aPProved by Lender again 6ecomes available and is obtained. Burrower shall Pay , 4
<br /> • the premiums r e q u i re d to maintain mortgage insurance in effecx,or to provide a loss resen+e,until the reqvuement for mottgage �
<br /> � iasurence ends ia aocoTdaace witti any written agteem�t between Bormwer and i.en�er or applicabte taw. , 4 �` .
<br /> � =`°�T` 9.InSpectton. Lender or its agent may make reasonable entries upon and inspections of the Property. Leader shall give u Q.
<br />_- . � — Bvrmwer notice az the time of or prior w an inspeetioa sPecif}ring reasonable cause for the inspection.
<br /> . - � � w oonnection with any _ �2-_=- . - - ,
<br /> 10. Condemaatic�n.The pmceeds of any award ar claim for damages, direct or consequential. �
<br /> � condemnation or other taking of any part of the Property,or for conveyance in lieu of oondemnation.aze hereby assigned and �`•`., . , .
<br /> ' shall be paid to I.ender. ' '. � �
<br /> ' In t�e event of a total taking of the PropertY,the procReds shall be applied w the sunns s�by this Security Insuument, �� �.. I '�, �..
<br /> ' � whether ar not then due,with az►y eacess paid to Borrower. In ttae event of a partial taking of the PropercY in which the fair , ,„;.:
<br /> ' . . market value of the PropeRY immediatelY before the taking is equal to or greater than the amount of the sums secuzed by this _�--
<br /> � -�`:'=�-
<br /> ° . gecuriry Instrumem immediatety 6efore the[aking.unless Borrower and Lender otherarise agcee in writing,the sums sewred by `. ,,,,; ..=
<br /> , this Securiry Instrament shall be reduced by�tfle amount of the pmceeds multiplied by the following fracdon: (a) the total � ._. .:� <.
<br /> � amouat of the s�s seaued immediately before t8e taking, divided by(b)the fais market value of the Property��mmediateli �:: --�r� �•-
<br />, � before the takin8. Any balance shall be paid to Bomuwer. tn the event of a partial taking of the Pcoperty '
<br /> - ' � market value of the Pcopercy immediately before the taking is les.s thaa the amount of the sums secured immediately befose the , _ —
<br /> , taking,unless Borcawer and L�euder otherwise agr�e in writing or vnless a�plicable law othern+ise provides,the pmceeds shall - - _-
<br /> "_ . � 6 e a p p li e d ro t h e s u m s s e c u r e fl b y t h i s S e c u r i ry Instr�ment whether or not the snms are ttten due. • .. : :�
<br /> . . . •,.` If the P t o p e rt Y is abandoned by Borrower,ot if.after notice by Ixnder to Borrower t h a t t he coa demnor o ff e r s t o m a k e a n ..�•,.f.•' !��
<br /> ' award or settle a claim for damages, Borrowet faits to respond to I�ender within 3 0 d aYs a f t e r t he d a t e t h e n o t i c e i�g i v e n, _ _ ��=_
<br /> � Lender is authorized to coltect and appty the proceeds,at iu option,either to restomtion or repair af the Properry or to the sums _ .
<br /> � , ,�,�' Insuument.whether or not thea due. ��'" -
<br /> se�uced by this Securiry �•�,,
<br /> `�` Unless Lender and Borrower otherwise agree in writing, anY aPPliration of proceeds to principal shall not extead or "��r,':t�,
<br /> _. ,. � hs 1 and 2 or chaage the amouat of sac�paymenu. _ ..����:�'�
<br /> pastpoue the due date of the mont}ily payments referred to in puagraP __
<br /> � ' 11. Borrower Not Released;Forbeareuce By Lender Noi a Waiver.Extensioa of the time for payment or modificaiion .''.._� �'.j �•;,;��=
<br /> ,' of amomxation of the sums secured by this Securiry Ing�miment granted by Lender to a�+successor in interest of Borrower shall .;:��;�.�`
<br /> I •
<br /> ' ,. not operate to release ttte liability of the original Borrower or Bonower's snccessois in interest.Lender shaU not be t+eqnired to � '��i�:.�
<br />-. commeace praceedin&s against anY successor in interest or refuse to eatend time for payment or otherwise modify amortization • . _°_
<br /> of the sums secured by tlus Secutiry �n �ment by mason of any demand made by the original Borrower or Bormwer's , . �':-: ,
<br />' • yu�ssors ia interesG Any forbearance by I.ender in eaercising any right or mmedy sha11 not be a waiver of or pteclude the '.r.� ''-:,.��:.
<br /> . exe�ise of auy right or remedy. e�s. The oovenants�agreemenu oY this � �-
<br /> . , 12. Succe�ors and Assjgas Bound:Joint aad Several LiabWty, Co-sIgn '�,
<br /> " � ,�.'" �� Se�ity Instnuncnt shall bind and benefit the successots and assigns of I.ender and Boaower, subject to the pmvisioas of .• �,A�'�_:,�—L
<br /> � paragraph 17. Boaower's covenanu and agreements shall be joint and seveial. Any Bomower who co-signs this Securhy ' , � ,7,,,,«`
<br /> t and conve that -'^�`
<br /> '" (nstnunent but daes not execute the Note: (a)is co-signing tI►is Security Insdument only to mortgage. gran Y
<br /> Borrower's intere.�t in�he Property�nder the terms of this Sec�rity lnsm�ment,(b)�s not personally obligated to pay the sums . ...��_
<br />� � secured by this Securiry lnsmiment:and(c)agrees that Lender and any other Boaower may agree to eatend,modify,forbear or • :..,__
<br /> , ' malce any accommadauons with regard to the temis of this Security Instn3ment or the Note without that Borrower's consent• .'. �,.
<br /> s
<br /> � " 13.Loau Charges. If the loan se�ued by this Security lnsuumenc is subject to a law wtuch se[s maximum loaa charges. ., . __
<br /> . . and thai law is fuially interpreted so that the interest or other loan charges collected or to be coll�in co�eciion with the • . ',,,�:;-
<br /> . loaa exceed the permir•.�d limits.then:(a)any sucAS loan charge shall be reduced by the amount necessan+to reduce the charge ' . I , - -
<br /> . to the permiaed limit:2ad(b)any sums already collectecl from Boaower which eaceetled pezmitted li�its will be refunded w . --_-
<br /> � : ��� Bonower. l.ender may choose to make this refund by reducing the principal owed under the Note or by making a d'uect � ;;,,;;;. •.'"
<br /> l . payment to Borrower. If a refund reduces princiQal, the rednction will be ueated as a partial prepayment without any ;;s;,. . , _ .�
<br /> ``�-' � � . � prepayment chazge under the Note. �: .' ��. . .
<br /> • 14.Notices.Any notice to Borrower provided for in this Securiry lnstr�ment shall be given by delivering it or by�li� .: , ' :
<br /> • it hy first class mail unless applicable taw requires use of another method. The notice shall be directed to the Property .. . �
<br />:�.,. � , or any o�her address Borrower desigaates by notice to Lender• Any nosice to Lender shall be giv:n by fi:st class mail to . .;
<br /> L,ender's address siated herein or any other address Lender d�s:gnates by notice to Borrower.Any notice provided for in this � :.�� ,
<br /> Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided ia this paragraph. ' .
<br /> 15.Governiflg l,aw; Seve�ability. This Security lnstrument shall be govemed by federal law and the law of the •
<br /> � � jurisdiction in whicb the Property is located. In the event that any provisio:�or clause of this Securiry lnstrument or the Note
<br /> ' . , � conflicts with applicable law.such conflict shall not affect other provisions of this Security lnstrument or the Note which can be
<br /> given effect without the conflicting provision.To this end the provisions of this Securiry Instrument and the Note are declazed
<br /> to be severable. . �
<br /> ' . ' 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. . �.
<br /> . � Form 3028 9l90 ,• .
<br /> �m 6RfNEI ig�+��o� vaso a or a ina�
<br /> . � . ' .
<br /> ,ti. . . . . . , • . ` � • ' . . . . .. • '. -. ,
<br /> ',t . � . . . � : ; .
<br /> ,:3. ' . .
<br /> ? � . • , _ �
<br /> t . , . . ��= ----a�-��� �-.r--,._:
<br /> , — «.y..
<br /> , . .. . � . .. . � � � . , .., . "� � . , ..��. t��� ..._..��.��. �t.._ '.,�' ++f._ ._.,.....,..+•w�...`�+�t..''-..-i' +`-'�' -
<br /> . _ .. _ _ _ . ._ . ._ _ _ . . . _ _ �fti.� �I....�..�..t....L..�Y�.-.1i. ._1..._?`a -_. .. ......
<br />
|