|
{ �°_;�_•-_�y:.� • . . _ _ _ j�z:...- _ `..c5�!�
<br /> — . . :�..a � _ _. . .___, r . i .. _- '��. _ _.�.-r , - __,_ _
<br /> ., . .. �r{� ` . . . � .
<br /> 5;..t- . . � � � - - " - - > . . ' _ . . . .. . `i" _ .L`� �. °., .
<br /> . . � - - . � � . . . . .v. .. ti` . . . , � �.�
<br /> _ . � . . . . . . , . . .._ _ ,. . ,.. . . .. ... µ..:. :.a _._ .� ._. — ��.
<br />.. ` . ( i • ` ; • . . .. • . . . . �`• . — ' ' . . � . .<i ���E� , ��`} .�
<br /> . � .. ' . '. � � � `. ` . ` . . . - . � � . . , ' • < < , •,.4..� � .. . . . .. t����:
<br /> . ' ., ' G- ' , . - , . , ' . -
<br />' . • ` . .� ' , . � . � �� •..` ' t . ' - � .. . . . � . i.� .
<br /> ' , � ' —�_ .._ ." _'"f.... . .. . ... . . . +.._ . . .. ... .. _ . . . . .. .. ._ " _—'"'__ ...__"__ a.. .. �- .• -- ' .. i. .r' , - ..-
<br /> < � � ` ..� . .'f . . . ,( ,.
<br /> ' payments maq no longer be cequired,at the opdon of Lender.if martgage ias�uance coverage(ia the amount and for the petiod ` r . ' �
<br /> �` �` '� , that Lrader requizes)Provisted by an insuzer agpmved by Lender again becames available and is obreined. Borrower shall pay� � .` .� "
<br /> ,` ' � , � the ptemiums re,q�ited w maintaim m�rtgage insurance in effect.or to provide a loss reserve,until die requirement for mflngage� -, �
<br /> � , insusance ends in accordance with a�r written agreemeai benveen$amnwer and Lender or applicable 1aw. . � •
<br /> � , � ` � 9.Iaspaction.I.ender or its agent may malce zeasonable entries upoa and iatipecoioac of the Prnperty. Lentler sLall give � • - _-..-...'_
<br /> - -- .---`-=r`- Borrower natite at ihe time of or gfior w an inspe�ion specifyiug reasonab2e cavse for the in�on. ,m.. — -- -.- - -- .
<br /> _ _ ... . ._ ...
<br /> . � . � < 10. Condemoatina.7�e pmceeds of any award or claim fur dasnages,direct or consequential. in connection witt�any � � • `�
<br /> � - � oondemnadon or othet taking of any part of the Propeny.oz far ooaveyance in tieu of condea�naaon.aie hereby assigned and � • . ' =� �4 S,•,
<br /> • shall be paid to Lender. � . ` . .__� �
<br /> ' ' In ti�event of a wtal tatdng of the Pioperty.the pmceeds shaU be applied to the sums se.cured by this Seca�ity Iastrnment, � - - . '
<br /> � whether or not then dae. with auy excess paid to Borrower. !n the event of a pardat tatdng of the Ptopecty in which the fair • '
<br /> . . . . , . marl�t valne of the Praperty i�iately befo:e the taldng is eqaal ta ar greater than the amoant of the s�s secared by this • .
<br /> Seraunty InstNmem immediately before the taidng.mrtess Borrower and I.ender othecurise ag�in�vriting,the sams s�by ' - .�'••
<br /> , this Sectuiry ii�*+_�sball be rednced by the amonnt of the pmceeds muidpUed by the following fraction (a) the total . '<< :.. _ .
<br /> _ � � - amount of the sams seiured immediately befoze the tatting,divided by(h)the fair mar�et vaiue of the Pmpecty m�mediately r`` , �- ,'L�r:-
<br /> • � befure the taldng. Any balance shall 6e paid to Boimwer. Io the event of a partial taIdng of the Property ia wtuch the fair . ._. .."�'.`�
<br /> . market valne of the Pmperty immediately before the talang is less than the amount of the sums secvred immediatety before the 'f o,�.b
<br /> ' ' qkin8.nnless Bormwer and Lender ottte�a�i.se agme in writing or antess apglicable law atheiwise provides,the pmc�ds shaU . '�.t,¢'-'-=.
<br /> : • � 6e applied ro the sams secared by this Secvritp Insttument wbether or not We sums are then dae. ' ,� .,��.--���
<br /> . .. - If the Property is abandone�l by Bottaarer,or i�after notice by Lender w Borrower that the condemnor offe�s w maloe an . ,•�� ��
<br /> ..�,._�
<br /> � --- awarQ ar settte a claim for damages, Borrower fails to mspond w I,xader witLin 30 days after the date the notice is given, ---- . �
<br /> ` , Lender is anthorized w collect and 1 the mseeds at its o tio either to ieswtation or of the Pro e or w the sams ��
<br /> aPP Y P . P n, reP� P rtY � �._
<br /> ,�,, s�by this Secnsity Ins�rameat.whether or not then due. < � �:;:�
<br /> • • • Untess Lender and Bomnwer othetwise agree ia writing, anY aPPiicadon of proceeds to principal s6a11 not extend or . . �—
<br /> °. posq�one the dae date of the momhly paymeats refern�w in paragrap�s 1 and 2 or change t8e amount of sach paymenis. .�.: -�.
<br /> 11.Borrower Piqt Reteased;Forbearauce By Lender Noi a Waiver.Extension of the tnne for payment or modificadoa ��;
<br /> ��� �. � of amortirdtion of the sams secared by this Secm�itq Insanment granted by L�ender to any succe.�sor in interest of Bormwer sbaU �: , _��
<br /> • . :�� not operdte to releass the liab�ity of the original Borrower or Bouower's succe.ssois in iaterest. Leader sha11 aot be rec�air�d to e
<br /> ' ' ca�ce proccedings against any successor ia interest or refuse w extend time for paymeat or othenuise modify amarti7ation . � _
<br /> �. of the sams seca�ed by tWs SecArity Inst�ent by zeason of az►y demand made by the original Sorrower or Borrower's " '�'.---�
<br /> . � - . sae.cessors in inteces� Any forbeazance by L.ender in exe�isipg any right or remedp shatl not be a waiver of or pieclnde the ' �• —
<br /> .. a..-.,;
<br /> . . ' exercise of aay r�ght or�medy. . . . ,�`
<br /> • . . l2. Successois axa�.4ssfgns Bommd;Joi�rt and 5everal Llabltity; Co-siguers. 'I7te covenants and agreements of tLis � ��"
<br /> ��..,...�
<br /> � . __ Secarity Iactroment sLall bincl aad henefit the sacce.csors and assigas of Leuder and Borrower, subject to the gmvisions of . �� .�-_
<br /> tro Sa
<br /> � . • parag�aph 17. Borrower's covenants and agreements st�aU be joint and several. Aay Bonower who ca-signs this Secarity . „� •;':�;�`•
<br /> ' -. Iasavment bat does not execute the Note: (a)is co-signiug tliis Secuiity Insm�egt only to mortgage.gcant and com�ey tbat :��:�'�.
<br /> T .. ' Borrower's interest in the Property under the te�s of this Secnrity Insu�ent:(b)is not personaUy obligated to pay tLe sums —.--- ` :_�--
<br /> ns
<br /> • ' secaced by this Sera�rity Iarnument;and(c)agrees tl�aat Lender and any other Bormwer may agree to extend,madify,forbear or �''�`°ti:�.
<br /> . . - make siry accommodarions with regazd to the tem�s of this Secarity Instrmmrut or the Noie cvithwt that Bo:rower's consen� —_ __ ��`-
<br /> � 13. Loan Charges.If the loan secured by this Sewrity Insarament is sn6ject to a law whicb sets maximum loaa chatges. �:�`���-
<br /> .. and that law is fwaUy inierpmted so that the interest or other toan charges collected or to be callected in connecxion with the � �,�=�`
<br /> - . .:.� loan exc�eed the permitted limits,then: (a)any svch loan charge sUaall be reduced by the autount necessary ta rednce the charge . � _�"�`-`_
<br /> to the peimitted limit;aad(b)any soms already collected from Bonower which exceeded pesmiued limits will be refunded to -__
<br /> . Boaower. Leader may chaose w make this refund by reducing the priacipal owed under the Note or by making a direc:t .' � ""� �
<br /> • :��� payment to Borsower. If a nfund reduces principal, the reducdon wiU be ueated as a partial prepayment withaz¢ aay : • .
<br /> • . Prepayment eharge under the Note. . . . .-
<br /> ' •� 14.Nottce9.Any nntice to Botrower provided for in tLis Security Instrument shall be given by deliverins it or by mailing
<br /> c
<br /> .�' • .� lt by fust class mail wiless applicable law requires nse of another method.Tfte norice shall be directed to the Praperty Address , , �f
<br /> '� . or any other address Borrower desigaates by notice to Lender. Any nodce to Lender suall be given by first class mail to . • �
<br /> Lender's address stated hesein or a�other address Lender designates by nodce to Borrower. Any notice pmvided for in this • °. ,
<br /> • Securlty lnsuument shall be deemed w have been given to Bormwer or I.ender when pvev as provided in tl�is Qaragraph. , • � • .
<br /> . 15.Governing lsw; Severabilitq. 77�is Security Inswment shall be governed by federal law xnd the law of the • .
<br /> � . jurisdiction in which the Property is located. ln the event that any provision or ciause af this Secnrity lastrument or the Note .. '� _
<br /> ' • wnflicts with applicabte law,snch conflict shall not affect ather provisions of this Security lnstzument or the Note whlch caa be � ". � � •
<br /> '_ given effect wlthout the conflicting provision.To this end tlie provisions of this Security Instrument and the Note are declared � .
<br /> to be seveiable. � �
<br /> 16.$orrower's Copy.Bonowet shall be given one confoimecl copy of the Nate and of this Secvrity lasuument. ' .
<br /> Form 8028 /90 . �
<br /> .. � ��-8RlN�1921]I.ot Paye 4 of 9 Intld7• /� .' .
<br /> v
<br /> . � . � .
<br /> � • ..
<br /> , . � � . .
<br /> ,, � •
<br />. � � t �^��.'- -' a���'e-�`���7a-r,e r a:�
<br /> �. . -. .-- . . . . , � . • ._. _. . . . _ . _ . ..a'.a'1.`.i ..._... . . '1�'.."'_'"� }� . .. .;,�. '_ .'f"::".+���M1y.ac;3.L_...' . . .. .i .�. .,.. � ]. . .. . ..._: .. .__._'-,
<br />
|