|
. .: .
<br /> . �Y _
<br /> .. . . . . ,
<br /> ,..."_.�.. . ... ,-
<br /> . . .:�_ _.. _ T�:.: x V,-a_.
<br /> - —� -- -- -- - - – - -
<br /> .. . - � . � _
<br /> � . � � , � � . .. . . �
<br /> 4 . . 1. _ 1-�-C
<br /> __ '�._i _ v.�-_.__`_'-_�___. �.? l-.... .. - �...�..._...,�.�..���..Y..��-.._. ... � . . . . t .r ._ .
<br /> . . . . ��ji.. .
<br /> . r "` E
<br /> .. Borrower may cure suCh a defauft and re'uistete,as provided tn patagraph 18, by causing the action or proceeding to be r_ ` ,� _
<br /> d�smissed with a rui'ing tAai,fn Lenders good taith determinatlon,precludes foAedure ot the Bor•owers interest m the Property ot• • � , ,
<br /> � � . <. other maferia!impaifinent ot the Ilen Ceeated by this SeCUr�ty Instrument or Lenders securityr tnteces� Borrower shati also bs ae
<br /> detauft Q 8ortower,��Ing the toan applicatton process,gave materialy fa)se or maccurate mformation or statements to Lender(or� ' • �
<br /> < fafled to provtde Lender wiM any matertal infortna8on) a� connecUon wnh tha loan ecideneed by the Note, ficludmg,but no� .
<br /> . _ iunited w, representations conceming Borrowers oaupancy of the Pmperty as a prncipai restdence. it thts Securfty 7t � ' � ;
<br /> � Insbumen! is on a teasehotd, Bortower shall compty wRh a�the pmvtslons of the teasa If Borrower acq�l�es tee t�te to tt� ` � - < <
<br /> 'es �
<br /> ' • Praperty,the leasehotd end the tea titia shaU not merge untess Lender agrees to the me�ger tn writtng• `- � �
<br /> • ' �. � ' 7. Protectian ot Lender's Rtghts tn the Property. it eorrower ra,'ts to pedorm the covenants and agreemen� � �, `
<br /> � � contained in fhis Security InsVUment, or tiiera (s 8 teg81 proceetling that may sign'�Ficently affect Lenders �ights in the Proper� � .� , .
<br /> � . (such as a proceeding tn 6aniwptcy,probate,for Cortdemnatton or foAedure or to entorce laws or regufaUons),then Lender m$,y ' ` ..
<br /> � ' do and pay far whetaver is necessary to protect the vawe of the Property antf Lenders rights fi the Property. Lertders ectto °.
<br /> � may inctude payiag any sums secured by a tien wnich has priarity ovsr this Securdyr tnstrument, appeartng in caurt, pay'vi� ' •
<br /> . �^ reasana6ie attomeys'teas end entering on the Property to make repaas.Atthaugh Lender may ffike actlon under this paragraph ' 4
<br /> � 7.Lender does not have to do 50. • .- ,-
<br /> - - i4ny amounts disbursed by Lsndar ursdet paraSra�h 7 Shal1 bacome additlonal Qebi ot Botrower secured by this:eGUr�y ------.- ---
<br /> ' , . � Insuumen� Unless 8orrower and Lender agtes to other terms of payment, Utese emourrts shali bear mterest from the date ot ,
<br /> � � disbursement at the Note rate end shaU be payable,with interest,upon notice fram Lender to Borrower requestlng payment . • .
<br /> 8. Mortgage Insurance. If Lender requUed mortgags tnsurance es a cond�Tion ot making the toen secured by this ' z . `_`_. <' . .� :
<br /> , . Securiry Instrvm�t,Borrowar shail pay the premiums required to malntaln the mortgaga insurance in effect.if.for any reason,the • ,�':.,.. .,
<br /> • moRgage insurance coverage required by LenCer Tapses or ceases to he in eftect.Borrower shall pay the premhims requlred to --
<br /> obtain coverage substentfalty equivatert to the mortgags insurance previousry tn eftect, ei a cost substenUalty equivalant to the . •''.`
<br /> . � . ' cost to Borrcvrer of the mortgage insurance previously in eHect, from an aliemate mortgage Insurer approved tiy Lender. If �• . -
<br /> . ? substantiaity equivalent mortgage insurance cover�qe is not eva�abie, Borrower shaD pay to Lender each month a sum equal to , . _ ;`;;
<br /> - � one-twelfth of ths yearly mortgage insurence premium being paitl by Borrower when the fismance coverage tepsed or ceased to • ;' ;,�t.�=,
<br /> � be in eftec4 Lende►wi�accep�use and remin these payments as a loss reserve in Iieu of mortgage ►nsurance. Loss resenre � ��-as..->_�:
<br /> � ` payments may no longer be required,at the option of Lender,�7 mortgage insurance coverage(in the amount end tor the period ` `-`' • •=-�
<br /> � that Lender requires)provided by an insurer e�proved by Lender agart�6ecames avadabt9 end is obtafied. Borrower shall pay . : . �:. �:�-
<br /> � ', �� the premiums requfred to maintain mortgage Insurance in eHect, or to provide a toss resenre,until the requhement for moRgage
<br /> � . . 6nsurance ends in eccordance with any writfen agreement batween 8ortawer and Lender or eppIIcabie law. � . � . . � -
<br /> 9. inspectton.Lender or its agent may make ressonabla entries upan end mspecUOns of the Rroperty. Lender shall give ,,;,-_ �. ' . �'��,_
<br /> . . ; ' Borrower noftcq at the time o!or pNar to an inspecHon specifyyfig reasonabJe cause for the Inspectlon. .:,:':�,� -
<br /> •: ; 10. Condemnatton.The proceeds of any avrard or cIa§n tor damages,dQect or consequential.tn connection with any ---- -...� �`_=-
<br /> . � condemnation or other taking of any paR ot the PropeRy, or for convsyance tn Geu oi condemnation, are herehy assigned and
<br /> ..�:�ri:�...
<br /> shsll be paid to Lertder. ' �.".`�'':�Rr`"'
<br /> ' In the svent of a tota► takin of the Pco e the roceeds shall be Ged to the sums secured b this Securfty . '=�'�`".F'=
<br /> . 9 P rt9. P aPA Y �:.
<br /> ' Instrument,whether or not then due,with any excess patd to 8orrower. In the event of a pasUa!tfficing of the PropBRy in whfch � . � • �
<br /> � � the fa"v maricet vaiu9 ot the Property immediately 6etare the t8king is equal to or greater than the emount ot the sums becured � . °:'-r�_.:�;.;
<br /> by this Security Insd�ument unmediatety before the taking, untess Borrower and Lender otherwise agres in writing, the sums ' � ���
<br /> secured by thts Security Instrument shall be reduced by the amount of the proceeds mufdpfied by the toltowing fractton: (a)the .���
<br /> : 1.��•.. .,
<br /> ' . il.
<br /> � .-�5��.:.e
<br /> � total emaunt of the sums secured immedtatety betore the taking, dNideB by (b)the fa�market vatue of the PropeRy immediatety ,. �_��
<br /> � � 6efore the taking.My batance shaN be patd W Borrower.In the event of e paNai takrt�g ot tho Property in which the fatr market � �?i�'�'_
<br /> • vaNe of the Property trnmediatery betore the taking is less than the amount o}the sums sacured tmmediatey bafore the taktng, ' � - �-��.�,
<br /> ;�„f.—
<br /> ' � . • uniess Bartower and Lender othervvise agree m writing or untess appllcable law otherwise provides, tfie proCeeds Shail bo � , � ' .;�:�:
<br /> � � appiied to the sums seCUred by this Security Instrument whether or not the sums ere then due. �
<br /> � � If the PropeRy is abendoned by Borrower, ar tf,after notice by Lender to Borrower that tt+e condemnot afters to make an ��'r-��-
<br /> �� award or sett►e a clatm tar damages, Borrowet tails to respond tc Lender wfthtn 30 days after tt�e Oats the noUce is gtven, `- �. • ��;'��:
<br />_ . - . Lertder is authoriaed to collect and appry the proceeds, at ds opUon,either to restoration or wpair of the Progerty or to the '.•.+. •� .� .�:.����;'-_,
<br /> sums secured by this Security Instrument,whether or not then dua. � ���'� �'
<br /> � � Un►ess Lender and Bortower otherwtse agree tn vniting, any appiication of proceeds to pr�Ctpal shatl not extertd or , , -�?�.:;"
<br /> �. � � postpone the due date of the montAry payments wferred to(n paragraphs 1 and 2 or change the amount of suCh paymenb. .;',�,�;;,'.;.
<br /> . � • � 11. Borrower No! Released; Forbearance By Lender No4 a Waiver.Extension of the time for payment or � " �;'��r,
<br /> � modiFiCation of amortlmtion of tAe sums secured by this Secuidy Instrument g�anted by Lender to eny suCCessor In interest ot •'^�
<br /> ��• � Bortower shall not operate to release tfie I'iabTdy oi the origtnel Horrower or Borcowers successors in interest Lendar shalt nat ;- . -�-._�--
<br /> , be required to commence proceedtngs against any sucCessor in tnterest or refuse to extend time for payment or othenvise
<br /> ' . ,f modihr amoRaation ot the sums secured by this Secur'�r tnstrument by reason of any demand made by the origtnal Borrower or ' � ,_
<br /> ; Borrowers successors in interest. My forbearance by Lender in exercising any rlght or remedy shall no!be a waiver of or � • .�
<br /> . , •��� preclude the exercise ot any right or remedy. •
<br /> � . .� 12. Successors and Assigns Bound; Joint end Several Lfabtii4y; Co-slgners.Tne covenants end ' • • . .
<br /> � agreements of this Security fnstrument shall bind and benefd the successors and essigns o}Lender and Borrower,subject to the . • �
<br /> pravisions of paragraph 17. Borrowefs covenants and agreements shsll be joint and several. My Bartower who co-s�ns this ' . :
<br /> . . Security instrument but does not exeCUte the Note: (a)is co-signing this Security Instrument onty to moHgage,grant and convey '
<br />� that Borrowers intarest in the Property under the terms af this Security InsUumenk (b) Is not personaly obegated to pay the . ., �
<br /> ' sums secured by this Security Instrument; and(c)agrees that Lender and eny other Borrawer may agree to extend,modity, �
<br /> • forbear or make any accommodations with regard to the terms o}this Securityr Instrument or the Note wRhout that Bortawers . � � .� , `
<br /> � consent. , ,
<br /> � 13. Loan Ch81'g28. If the Ioan secured by this Security Instrument is subJect to a Iaw whicb sets mexanum loan . � . .
<br /> ' � charges, and that iaw is finalty interpreted so thet the interest or other loan charges coltected or to be collected in connectlon � � '
<br /> , with the loan exceed the pertnitted limits,then: (a)any such loan Charge shall be teduced by the amount necessary to reduce ' .
<br /> • the charge to the permitted Iimit; and (b) any sums atready collected from 8onower whkA exceede0 pertnitted I(mfts witl be � �
<br /> . . refunded to Bonower. Lender may choose to make this retund by reducing the principal owed under the Note or by making a ' � �
<br /> . � dlrect payment to Bonower. it a retund reduces principal, the reduction wiil be Veated as a partlal prepayment wilhout any
<br /> prepeyment Chetge under the Note.
<br /> � 14. NOUC@8. Any notice to 8orrower provided for in this Securily Instrument shatl be given by detivering it or by maiiing il � �, . �
<br /> by first ciass mail unless applicabte law requUes use of another method. The notke shail be directed to ihe Property Address
<br />. � or any oiher adQress Bonower designates by noHce to Lender. My natice to Lender shatl be given by fitst Ciass mail to •
<br /> ' � Lender's address stated herein or any other address Lender designates by not�e to 8orro+ver. My notice provided tor in this .,
<br /> SecurRy Instrument shall be deemed to have been given to Borrower or Lendet when given as provlded in this paragraph.
<br /> 15. Governing Lavv; Severabiiity. ThiS SeCUrity Instrum6nt Sh811 be govemed by }ederal law and the Iflw o}the
<br /> � i jurlsdiction in whiCh the Property is located. In the event that any provision or clause of this Security Instrument or the Note � ,
<br /> � � conilicts with applicabte Iaw,such confl;ct shall not eHect other ptovisians of this Securitp instrument or the Note which can be . ,
<br />- • given eNect without the ConfiiCting provision.To this end the provlsions o}this SeCUfRy Instrument and tt�e Note are declared to .
<br /> ' ' be severable. �' �
<br /> � 16. Borrouver's Copy. Bortower Shail be given one confotmed Copy of the Mote and of this Security instrument. � � ,,�
<br /> _ - , `� � I. •
<br /> ' L t�iR LMO(�:071 �+ge)01 S !� .
<br />. '�� ' _ 1 . . .
<br /> . ... . . .�.�'�RO—T - - a-:
<br /> .C_ � .�, `t .i�=''a.. �...��.:xak�;�.�.�,y�ay,>'�{�'g,��ci _ z. .��'3.��r- �.:ur.iF�+n �' '''-�'.��i:+�r''7.Sk1-'�,a'.13L.�r�4'�•14 �,#3�'�"�'.s� � �� zTi:7s..s. ...YS+._�.
<br /> .; . � . _ .
<br /> ��;�. 1� �`'`�3`"''��._ ,+.;i�-���7:�-�5if t -_: ;.....F � zblr`��.`��_� .:3`3�,��wtv"��--'�'i��.1.r� _ ���"�.'-°nft�brvr...�,��"4 �ni•'.w�4T.y�:A"�:_..f. ^'!9 -+�._�f r..._.•� ��:,..,r.��.""-
<br />
|