|
. t ::f:�.' . . _ ' - .,s. � � .. .c.:..:..�-r.
<br /> — .. . ^�_ ` °t`i. ' ` t L ` <, �Y`4 _ . . _ _ 4._-_ `r t .L `
<br /> .... . .f. :. � 'C � . '�.:_ . < ' '. .-. _—.... ..� -_ _ � .. . _ _ ' . .i. ._ ...��, . .. .. �_.� �.f _ ..
<br /> . ..�L•.... __ � ...�.._ - ��_..��..._�.�--- � ' `( y�•
<br /> , ��
<br /> .�' '�' _c_� .�( _ f.. �.'��•�-�:
<br /> � � �`� 7. Protec4ton o4 Le�der's Righta in the Prope�ty. n eonowe� raas co venorm me covenanu end ssresm�nes
<br /> •.`� '': coam�ed in thls Secur�Y Instrumant,or there is a tegal Proceeding that may signiti�antlY aHect lender's rtghts tn tAe ProporlY tsucb as . ,
<br /> a proCeeding in danktupteY.Pto�B� fot con�erttnallon or(oAertute or to et►fotCe Lnws or teguiations), then L�der may do and p8y tor
<br /> : , 'c}� whatever is necess9►Y ta pmteCt the vaA�e ot the ProDertY end Lenders riBhtB in Me PtopertY. Lender's actions may ineNde paYin9 � ' ;
<br /> ' . . . . any 5ums secnred by a I t e n w t t i t A h a s D��Y o v e r t h i s S e c u�i f y I n s tt u m s n L e P D�B i n e a u R. D a Yb�g rensonabb attomey's(ass and� .•'�. .. . .
<br /> , �� enleting on tAe Property ta make repaUS. Aft�ough Lendet may teRe BCtion under thiS petagtflpA 7.I.ender does not hava to da so. � � 4 ;
<br /> Any amounts tlisDursed Cy Lertder under this paraqraGh 7 s�a�bBGOmB BQdRi�na1 debt ol BortOwer secured Dy tAis Security � , ' . f ,
<br /> InsRUment. Uniess BOrrowet and LenQer agre9 to o t t ter tertns 0� p aY�^� the59 BmOdntS SheU bear �nterest ftom the d2te ot �
<br /> . SR
<br /> � � disbursemenl8t tAe Mote�8t8 and ShsU be payaDta,with interest.upon�odc;e irom Lender to Borrower requestin9 palrmenL .
<br /> , ' � S. MOttgsge litSUrenCe. I1 Lender requfre0 martgage insurane9 as a�d�� �'�� �t tor any :eason,Ythe mortgaSe� l` ,. , J �: �
<br /> - � �_s tnsuument, 6ortawer snalt pay ttie premiums requred to mau►tain the moRgage ,_ '. .. . .
<br /> assurance covarage requtred by Lender tapses or ceases to 48 in eftect. Borrow8t shall pay the premiums requtred to obffitn covera8s� 2
<br /> substar,tialy equivatent to the moRgage�suranCe prevtousy in eNect,at a cost SubsmnUaRY equivatent tn the cost to Borrowrer of the� _ � _ ,
<br /> -- _ --.---- - -- morigags bisurence pre�tousty om eHec4 trom an altamate moRgaQs insurer&PAroved by Lender. If substantia�ty e4ulvatent mortgage :----.•a�, ,-.,`�j�`
<br /> insurance caverage is not ave�abb. Borrower shall pay to Lender eaeh month a sum equal to on�twettth of the yeaM
<br /> '� ' insurence premtum be(ng paid by Borrower wAen the insurance coverage(aASed or ceased to be in etfecG Lender w�accept.use end .
<br /> � reta� these payments as a Ioss resenre in Geu of mortgage insurence. l.oss reserve PaYme^� �y no longer be requQed at the .
<br /> � option of LBnQer, d mortgage insuranee coverage (in the amouat and for the period that Lender requirees) provided by an fnsurer . � ,.�.
<br /> � approved by Lendsr aga�n heeomes avaitaD(s end is obtained. Borrower shaU pay the premiums requQed ta meintBO� mtlr�qag9 ..� �
<br /> � msurance in ettect. or to provide a tou reserve, until the requirsemment for moRgage msorenae e�ds m BcCO�d�+�e.w� 8^y �n ' . : "
<br /> . '<.`.::-�.
<br /> � agreement qeMreen BarroYVer and LenQer or eppGcahie taw. . .. '���._:.
<br /> ' ` 9. Inspection. Lender ar its agent may make reasonabie entries upon and lnspectlons of the ProAeRy Lender sheU give
<br /> . Bnrcower notice at the time ot or prior to an inspeetion speciryrmg reasonab►e ceuse for the inspection. t � t' °`
<br /> t �,'= 1 0. C o n d e m n a t i o n. Th e p ro c e e d s of an y award or ctaim tar damages, dt�t or consequentfal, In connectton wdh eny ,. r,_,.`, � __ _
<br />. � candertmatton or other takmg of eny part ot the PtopeRy,ar for Comieyance in Oau ot condemnatlon,a+�hereby asstgned end shall be
<br /> paid to Lender. , . _
<br /> - ' In the event of a total teicing of tha Property�the Oro�e� shatl be appGed to the sums securad by ����7Y ����� ____
<br /> whether or not then due, wftA any exeess DatA to Barrower. In the event ot a paRtel taktnp of the Property _ .. ��
<br /> . • vatue ot the Property immediatey bafore the ffiicing ts ecA,al to or greater than tha amaunt ot the sums secured by this Secu�tyr ,. , ���,�__
<br /> � � ' ' tnstrument immediatoh Oefore the takmg, untess Bortower and Lender othenv(se agrae in wrltin9.the sums secured by thts Security :�;
<br /> .t±9�
<br /> . ^� tnstrument shall be reduced by the amoum of the proceeds rt�uftipfied by the foltowing iractian: (a)the tote� amount of the sums ___��1_:' =/.T--
<br /> . SeCUred immediatery before Me takmg.d+v�ded by (b)M8 ffiir marlcet vatue of the Praperty �ediately before the t8kin9• AnY ba�nce , '�-�-
<br /> in whficb the tair maAcet vaNe of the Property anmediatery � `.-= �
<br /> ' shall be paid to Bortower. In the event ot a paRial takin9 ot the Properry ��• a�'
<br /> :�-•'3 `�'.'t`'��`
<br /> � '�. " befora the takc�g is less than the amou�t ot the sums secured 'anmediatery betore the taking. untess Borrower and Lender otperwise t � ���• °--
<br /> • � �:; agreg in writing or untess appl'�cable law othecwise provides, the proceeds sha�i be app�ied to the sums secured by this Security :t•"r�._
<br /> •' �s g�.:��
<br /> Instrument whother or not t�e sums are then due. �:��-�
<br /> � • � If tne Properly is abandoned by Borrower,or il,after notico by Lender w 9orrower that the condemnor ofters to make an award or " �_�,-��,.
<br /> settfe a cta6n for damages,Borrower fails to respond to Lender wiri�fn 30 Eays after 4fie date the notice is glven, L.eeder is authorimd • i;�'���.,
<br /> . to coliect and appry the proceeds,at its opdon. e8hes to restoration ar repab of the Property ar to the sums secured by this Securny ,. ;;�, .,,_aG�_-
<br /> '.1 • Instrument,whether or nOt then due. ' W
<br /> � Uniess Lender and Borrower othervuise agree h wriUn9.eny eDP�icaticn ot pmceeds to princtpal shaU not�cten0 or postpone the _���..�y•.
<br /> � • � '.,�,3,:
<br /> � � due date of the monthiy payments reterted to in para9re0hs 1 and 2 or change the emount o1 such payments. � �. . �
<br /> .
<br /> .f 11. Borrower Noi Fteleased: Forbearanca By Lender Not a Waiver. 6Rans(on ot me ume ror payment or � .;1=�
<br /> modittcation of amortization of the sums secu�ed by this Security tnsuument granled by Lender ta anY successor fn interest ot Bortower ��
<br /> �� � • - sdall not operate to release the Iiability ot IRe origtr►al Boaower or Borrower's successors m interes� Lender shall not be requEred to `:,;�_�;,�
<br /> .:_::.�..�,_,
<br /> commence proceedmgs a9ainst any suCCessor in interesl or refuse to extend tbne for payment or otherwise madHy amortaetion ni the . � ;����_,
<br /> . y,...-.�
<br /> � � sums secured by this SeCUrity tnstrument by reason Of 8ny Gemand made by the original Borrower or Bortowers Successors In :. ,�:,
<br /> interest. �y tocbearance by Lender in exerCising any r19ht or remedy shall not be 8 waiver ot or precdde the exeroise o!any dght or ' :.r�.�i,
<br /> � . . � ,, remedy CO�i riBfS. The Covenents and , " I�'�'!"F�
<br /> � � 12. Sucaessors and Asstgns Bound;Joint and Several Liabfl(ty; �
<br /> � � 4 agreements ot this SecurRyr Instrument shall bind entl Denefit the successors and easigns at tsnd�r assQ Borrower, subject to fhe - _� : _:,'�+.-:
<br /> • ' provfslons ot paragraph 17. Boaowers covenants and agreemenb sAail be Joint end sevaral. My 8arrower who co-signs this SecurRy -;, �.,�{N.-
<br /> • Instrument but daes not execute the Note: (a) Is casigning this Secu6ty Instrument onty to mortgaga, B�t. end comey that �_�.: . _
<br /> - BortowePS Interest In the Property un0er the terms of this Securiry lnstrumenr(b)is not personally abligated to pay the sums secured . �.
<br /> • by this Security Instrument; end (c)agrees that lender end any other Borrower may egre9 to extend, modify. torDear or make any
<br /> � � accommodat�ons with regard to tertns oi this Securiry instrumem or the Note without that 8orrowers consent. � �� '
<br /> 13. L0811 ChBfg@S. N the loan secured by this Security Instrument is subject to a law wh�h sets maximum loan cherges, �
<br /> - and that �aw is f�naly interprete0 so that tne interest or other loen charges coltected or to be coltected in connection with the loan ,.
<br /> exceed tne permitted limds, then; (a)any such loan charges shall be reduCed by the amount neeossary to reduCe the Charge to the
<br /> � pe►mitted limit; an0(D)any sums a►ready coltected from BonOwer whiCh euCeeded permftted��it5 wi�l bA�efunded to Bortower. Lender . . ,
<br /> may choose to make this refund by reducmg the principal owed under the Note or by making a direct payment to Bortower. If a , .
<br /> • retund reduces princiDal,the reductlon wiit be ueated as e pertial preDaYment without any prepayment Charge under the Nofe. .
<br /> ��� � 14. Noticea My notice to Borrovier ptovided for in this 88curity instrument sAail be given by defivering tt or by mSfimg it by � . , :
<br /> � tQSt ctass mail untess applicable law requ�es use o1 enother method. The noUce shall be dUected to the PropeRy AQdress or eny .
<br /> other address 8ortower designates by nat�e to Lendet. My notlCe to Lender shatl be glven by fUSt ctass mail to LendePs address : .
<br /> ' - " stat80:�erein or any other adQress Lender designates by notiCe to Bonower. My notbe provided tor in thi9 S6euriry Instrument sha11 •�
<br /> be deemed to have been given to Bortower o�Lender when given as provide� in this paragraph• • �
<br /> 15. Govetning Lew; Severabitity. This SeCUtity InsWment Shsfl be govemed by fed8rai t�w and the 18w o1 the ...
<br /> �unSdiCtiOn in whiCh the PropeRy is loC3ted. �n the event that any prool5ion or CISUSe Ot thlS SBCUrity Instrument Ot the Note COnfflCts I
<br /> ' with applicabte law, such conitict shall not aHect other provisions of this Security lastrument or tAe Note v�hich can be given eftecl
<br /> ' wRhout the confliCting provision. To this end the provisions o►tnis Security Instrument and tne Note are decl8red to be severab�e.
<br /> �,'; � . 16. Borrower's Copy. 8orrower shall be given one conlormed copy ot the Note artd of this Security Instrument. .
<br /> 17. Transter of the Property or a Beneiicial tnterest in Borrower. If 811 ot &ny paA of the PropeRy Or 8ny
<br /> interest in it is soid or t�ansterced (or �t a benef�ial interest � Bortower Is sold or transferted and Borrower is not a natural person)
<br /> wilhout Lender's prior written consent, LenQer may,at its option,requUe immediate payment in fu11 of all sums secured by this Security
<br /> �.n . ' InsUument. Howevar,this option shall not be exerClsed by Lender if exercise Is prohibfted by tederat taw as ot the date ot thls Securiry . . �
<br /> Instrumen� •
<br /> � It Lendor exercises this option, Lender sha��gh�e Borcower notiCe of aCCeleration. The not�ce s�flll provide a penod of not tess i�•. .
<br /> tt�an 30 days bom the date the notiCe is detivered or maUed withln whlCh the Bonower musf pay a11 sums Secured by this Security I
<br /> - Instrument. N Borrower tails to pay these Sums prior to the exp'vation of thls perlod.Lender may invoke any remedies pe��ed by this �
<br /> � Security Instrument wAhout further notice or demand on Borrower. vorm ao2e e�ao
<br /> - . Fi9791f�0(t0971 Payo 3 015 I .
<br /> I
<br />`.;�.: �
<br /> i. . . . '_�_....
<br /> I
<br /> ', GB3 �
<br /> �
<br /> � ,l'SY,'.�_ .. _�.�1..,t.. .'•4 y...- . . .. .. ....� .. �. _. .. . ....i. ...�._�....�l..�.,.�....���aa.(��._ ',�:..�.�.�..'....�t..�l��.4'�.....� k ....:�...:r.�. . . - . . - . .i�u . . � .��.-..-:�t•1.. _�-4�.�.- :. .
<br />
|