|
. , . . ;rl. . . F =a.
<br /> - . - . , - ._<;t" __ _
<br /> . , . � - - --- -----::�'_ . , _ . , C_: _ . __ 4 _ - _ ..,-i ...�.
<br /> . � . . _' . . ' . � r _.. . " _ _ ' " " � - '[`. f....�"�.__v ' _'
<br /> - ._.._,-_ .. .°.'.... " ._, . . ._. `'.�. .. . � ._ _ , ._ .. . ... . ...... .. _ ' '. _.
<br /> � , �•i h 18. � causin the action ar proceaQing to be ` .�<`� - � .
<br /> , • Bo�rower may cure such a dafauit end remstata as Orovided in paragraP Y 9 .
<br /> � • dismissed wrth a rul�!9 that,a�Lendels good faith detertnination.O�eGiudes tOrtefiire cf tfie Borrowers rtiterest in the PropeRy or ` ::� .�
<br /> � Other m8tenal impairment o�►he IiBn CtBated by thiS S6CUritY �nstrument or LBnQers security inteteSt- 8of�fOw6r sh811 8L4a be in
<br /> • ' delau�rt Borrower,during the loan apDl'�cauon proeeES.gave matertaUy taise or in8ccurate intormation or statements to Lender(or y : < ° � ;'
<br /> , , , • . : f f8�ed to R�ov�� �d� w� �y matori3i mtortnation) In tonnectian w� th9 tCar► evldenCed by the lYote, (ncludrt�g, dut not � � ^ .
<br /> • ' limited to, represenffiUons coneert►e�9 Borrowers occupaney of the Propertfr as a P���� ���e�- �f �� S�� -� ,
<br /> � Instrument is on a teasehold, Bortower shau compry wRh a!1 fhe provLsWns ot the teasa It Barrov�ar acqub�es iee t�1e to the � ••
<br /> � Property,the Ieasehotd and the te9 tiUe shall not merge unfess Lender agrees to tP►e meB����^9• � � , � �
<br /> � '. �~ � 7.Protect�on of Lertder's Rights in tAe Rroperty.��eorroWer taits to DeAorm the covenants and agreemsnts � . •
<br /> . ` �.�,`.
<br /> � contained in this Sewrity InSUument, or there ts a Iegal proceeding that may significantry etfect Lertdefs rights fn the Property . ( _
<br /> (SUCh es a proceeding in bankruptcy,probete.for candemnatfon or torferture or to entorce taws or ragula8ons�then Lender may
<br /> . . he Pro and Lenders rlBhts�+the Property. Lender's actions � r'•••
<br /> ' ' do end pay for whatever is necessary to protect the vatue of t Ae�Y ��g�ment, aypearing in court, paying � .� � .
<br /> • may inctude pay�g enY sums secured by e Iien which has prioriry over this Security � � . ,
<br /> � ' reasonabte attarrteys' fees and entering on the Property to make repairs.Although Lender may mke 8ct€on under this paragraph � •
<br /> ' . 7.Lender does nat have to do so. �;.(,_.,-,_--..�".�_y
<br /> Any amounts disbursed by Lender under paragraph 7 shaU become add+�ional debt of BoROwer seeured by this 3ewr�t)r F — , -
<br /> ' � Instrumen� Untess Barrowar end Lender agrea to other term5 of paymen� these amounts shatl bear fnterest Kom the data ot ! �4. ,. ��
<br /> • ' ,� disbursement at the Note rate and sha11 be payable,wdh interes�upan notirs from Lender to Borrower requesta�9 PaSm'ient . °N�.
<br /> 8. Mortgage Insurance. If Lender required maRgage �nsurance as a cond�ioo of makin9 the loan secured by this �.. ���
<br /> � t Securty fnsuument,Borrower shaU pay Me premiums required to maintain the f+�oRg�Ba ins�+►an�e in eHect-It,tor any reason,the •,e::. ;•- `�_`.z;,�.
<br /> martgage i�suranee cover�e required by Lender tapses or ceases to be fn eHect. Boaower shap pay the pcemtums requued to �..,���.. .`.`�. �. �
<br /> - ' , ;:; obtau►coverage substantiaQy equiveieni to the mortgage insurance previousN m eNect. at a cost substentiaUy equivafent to the ' - ;"s�
<br /> eost to 8orrower of the mortgage �ssu�ance pteviousty in eftect, from en aRemate mortgage 6uuter appmved by Lender. If �;�' � _ ,.�._
<br /> us , ��'..-� ::
<br /> � � substantialy equivalent mortgage msurance ceveraSe is not avai�ble. Boaower shall pay to Lender eacR manth a som equal to .��� . _
<br /> one-tweifth of the yearty mortgage insurance premvm bemg paid by Barrower when the insurance coverage Iapsed or ceased to , . ��i���
<br /> � be in eHect. t�nder w�71 accept,use and retaln tAese payments as a toss reserve in Geu of mortgage Insurance. I-oss reseNe `;•,"` -
<br /> � � � payments may no longer be requued,at the opllon of Lender,it mortgage insurance coveta98(�'the amount and tor the pertod .
<br /> 'ed
<br /> that Lender requQes)provided by en insurer apDroved by Lender again becomes avai►ab►e and is ohtained Bortower shali pay
<br /> • the premvms requhed to maintain mortgage insu[ance i�eNect,or to provide a lass reserve.unt�7 the requirement for mortgage . .
<br /> � ` insurance e�ds in accordanee wdh a�Y'x►Me°a�eement between Borrower and Lender or eppUcab�taw• �der shall ive ."•' -
<br /> � 9. lnspectton.Lender or its agent may meke reasonebie enuies upon and InspecGOns ot the PropeRy. 9 -r, ;. .t;` ___ _
<br /> . - 'a Boaower nottce at the tune of or priot to en insp e c t[aa sP e c i A r i n9 re a sonabte c�►se t°r the inspectlon. w Y..-
<br /> �• 10. Condemnat�on.The proceeds ot eny award or claim for damages,direct or cansequanttal,in connectfon w�t►eny :'+w.
<br /> .�.'" cand�nnaUon or other taking of any paR of the Property.or for corneyaece in liau ot condasnnatian, are hereby assigned and ,�s<< :.
<br /> : :� tr �
<br /> " shall be paid to Lander. � �� � '"�""
<br /> �: In the event ot a total taking ot the Property, the proceeds shap be apptled to the sums secured by this Securiry . a , •-�-_�
<br /> �p f'.�4PC�-
<br />- � `• Instrument.whether ar not then due,w�h eny excess Paid ta Borrawer. in tha eveni ot a paRial taktr�g ot the Properly fn wh�h _��_. �;�•_°
<br /> the fa'v market value of the Property irt+mediately betore the taking ts equal to or greater than the amount of the sums secured ..:�;•���a=
<br /> - by this Security Instrument immediatery bafore the taking. unless BoROwer and Lender otherwise agree tn wr�in8� the sums , :,',;:_�_=
<br /> secured by th�s Security Instrument shail be reduced by the amount of the proceeds muftipiied Dy the toltowing tracbon: (a)tha �.;y?��:
<br /> toffit amount of tfie sums secured immediately betore the tektng, dNided by(b)the taU maAcet value of the Property anmediatery ' "•.�r��_'
<br /> � •r:.--.,�.
<br /> �.r, before the taktng.My batance shaN be paid to Borrower.In the event ot a partlal mkin9 of the Property In wAiCh the fatr martcet _ . :r;.s-...,_
<br /> •� �,I value of tha PropeRy bnmediately betore the taking is less than the amaunt of the sums seCUred immeQ'�atey bePore the taking, ,. �• �. ' �^�'
<br /> '� �-.��;
<br /> untess Bonowsr and Lender otherwise agree in writin9 or untess epplfcabte law otherwise provides, the proceeds shaif be :.��
<br /> �,,;. �j applied to thA sums seCUred by this Security Instrument whether or not the sums are then due. ���•.�:�y�
<br /> `ri: If the Property►s abandoned by Bortower,or if,after notice by LenQer to Bortower that the condemnot oHars to make an ` .%tr-,.;,
<br /> �::,.;
<br /> � award or settte a claim (or damages. Borrower faits to rsspond to LenQer wRhin 30 days aftor the date the noUce (s gNen, :��,�,
<br /> . Lender (s authortrad to coltect and apDry the proceeds, at its opUOn,ehner to restorat�on or repatr ot the PropeRy ot ro the :.�•
<br /> � , rR--
<br /> sums secured by this Securiry fnsuument,whether or not then due. � •��-,`s,.
<br /> .,{`. Untess lsnder and 8orrower otherwke agree tn wrftin9� enY ePD�ic$tion of proceeds to pdncipal sAall not extend or - . �,.'j_�;,
<br /> �� � ' postpone the dua date ot the monthy payments reterred to in paragraphs 1 and 2 or c�ange the amount af such payments. -;�
<br /> _.� �� 11. Borrower Not Released; Fort�earanae By LenQer Not e Waiver.Extension of the time tor payment or . . ':;;�,.
<br /> modification of amoRimtion of the sums secure d by t h i s Secur i t y I n s t r ument g ranted b y Lender to any successor � interest of '<:w.:
<br /> � � f Borrower sha0 not operate to retease the liability ot the orlgNal BoROwer or 8orrowefs successors in interes� lender shall not .
<br /> �',�;;c'
<br /> � • be required to commence proceedings against any successor in interest or retuse to extend ttme for payment or otherwise .`.:_4
<br /> modity emortiration ot the sums secured by this Securityr tnsuument by reason of any demand made by the original 8oaower or � :-}-
<br /> �,�� Borrowers successors �► interes� My forbearance by Lender in euercistng sny right or remedy shall not be a waiver of or _�-•.r'.
<br /> �;.. �► .
<br /> " D�eciuda the exercise of any right or remedy. • -�•
<br /> 12. Successors and Assigns Bound; Joint and Several Llability; Co-sigrtera Tne covensnta and ,,. .. ,
<br /> � agreements o1 thls Securiry Instrument shall bfi0 and benefd the successors ena assigns of Lender and Bortower,subjeCt to the - .�
<br /> '",'t. � provisions of patagraph 17. Boaowers covenants end agreemenfs shall be joint end severat. MY BoROwer who CO�Signs thi5 r
<br /> ' � Securiry instrument but does not execute the Note: (a)is co-s�gnin9 this Security Instrument ony to mortgage,grant anC convey
<br /> � � that Borrower's interest in the PropeAy under the terms ot this Securtty Inswment; (b) is not personaly obiigated to pay tha :
<br /> sums secured by this Security Instrument; and (c)agrees that Lender and eny other Borrower may agcee to extend,modiry, , -
<br /> forbear or make any accommodatlons with regard to the terms ot this Secutiry lostrument or the Note wRhout that Borrowefs
<br /> '�� consen� •
<br /> 13. Loan Chargea If the loan secured by this Security Instrument Is SubJect to e law whtch sets maximum toan
<br /> ���,:� � charges, a�d that law Is finally interpreted so that fhe interest or other toan charges collected or to be collected in conneotion .
<br /> with the toan exCeed the permitted limits,then: (a)any such toan charge shell be reduced by the amount necessary to reduce
<br /> � the charge to the permitted limit; and(b) any sums atready coitected trom Bonower wnich exceeded permtKed limits wil►be �
<br /> refunded to 9orrower. Lender may choose to make this relund by reducing the prinC�al owed under the Note or by making e .
<br /> direct payment to 8artower. If a retund reduces principal, the reductlan will be treated as a parNal prepayment without any .
<br /> prepayment charge under the Note. . •
<br /> 14. NOUC@9. My notiCe to Bortower provided tOr In this Security I�strument shall ba given by deilvering it or by malling it .
<br /> � by tirst class mail untess appl�able law requires use af another method. The notice Sf1al1 be directed ta the Ptoperty Address :
<br /> � or any other address Borrower designates by not�e to lsnder. Any not�e to Lender shall be glven by f7st ciass mail to i
<br /> � � Lender's address stated herein or any ot�er address Lender designates by not�e to Bonower. My notice O�ovided for in thls
<br /> Security Instrument shai�be deemed to have been given to Borrower or Lender when given as provided�this paragraph. i
<br /> � 15. Goveming law; Severability. This Security Instrument shall be govemeC by tederal law and the law o} the ��• � .
<br /> i jurisdictlon in whiCh the Property Is Ioceted. In the event that any proviSion or clause ot this Securiry I�strument or the Note
<br /> ' conflicts with applicebie iaw, such conflict shall not aNeCt other provisi0ns of this SeCUrity Instrument or the Note whfch Can ba ` . .
<br /> ��. given eHect without the conflicting provision. To this end the provlslons of this Securityr Instrument and the Note ere decta�ed to ?
<br /> �;} be seve�8bie. �
<br /> ' ' 16. Borrower's Copy.Bonower sha11 be given one contormed copy ot the Note and af this Security Instrument.
<br /> +'�' •�/J U � .
<br /> •,�� Paqo 3 0�5 ��- � •
<br />�-. . c�7teL!'�0(��971 � .
<br /> . ' ` .
<br /> 872�?
<br /> {�
<br /> �1 _ ._ ..._ ....`;... .,� .�. .:+-r 1>'_•�. -
<br /> - .� _ ,.. ., �, •
<br /> _�• . _�_. . , . �
<br /> .
<br /> .
<br />. -� _�., ,r . _ ....__..._ . . ..."_ ' '_.:.__ '_ _"�__- �._., �,�_ .. .__'__._ ._..__._ _.�._ .__.._. .,. . ._ ......".. . . . . .. . ......... ...... .... ...._.. ___ ....
<br /> • .. : �� . ..� :. :'
<br /> .,. . . � r
<br /> • � . t .
<br />
|