|
. ' -_ __" . .. �. . . .. . .. . n ' .-.
<br /> -"�:.•�:°2& . � •. . . . .� . ..�._r.__. �. =.° ' ., .�-. .,.� F �.r a:_� '...q_r_
<br /> ��-
<br /> _ —.;�—lY , - .` - _.�. :—�- -- ' � -, . �=( - •- ' -- - .---� - ..
<br /> � . . �. . . . ` .
<br /> • .. . -- '' .c ? - - ` . � ' ' � m- ,t.:� �,—, �._ .... -__�..^ e ..
<br /> '--�--r� c:- __�'�._,,,_, �_._:—.�._.,-_`.�-- - -- - ;iY •
<br /> ._ .. `. .. _ ..i ..:�,..
<br /> � - , 2:, `. ,. . c : .
<br /> , . "C ,.�i: -• ..,-•
<br /> � substantially equivalent mortgage insurance mverage is not available.Borrower shall pay to Lendcr r•►ch month a sum equal�o� �`
<br /> � t � one-tHelfth of the yearly moRgage insurance premium being paid by Borrower when the insurance rnverage lapsed or ceased to `` , �:,µ.�
<br /> • � be in effzct. l.ender�vill acccpt.use and retain the.se paymenta as a tass resen•e in lieu of rtnrtgabe insurance. Loss reserv�� ;_, . , `` ,
<br /> , payments may no ianger be reynired,at the option af l.ender,if martgage ensuranre coverage(in the amount artd for the perio� _
<br /> , .- ,,. <<s thaz Lender mguir�)pmvidcd by an insumr appmved by i.ender again becomQS available and is obtained. Borruwer shall pay) c V
<br /> , , � the premiums required h�maintain murtgage in�urance�n effect.or to provide a Eoss r�erve.until the reguircment for mortgage p _ �,`L•�`.
<br /> ' insurance en�F+in accordunce with any written agrcement between Borrower and Lxnder or applic�afile taw.
<br /> ` 9,it�spectIon. I..ender or its agent m:►y make n�sonablc encri�+upon and inspectiom of tl:e Property. Lender shall give� �
<br /> • � � �` �� Borcower natice at the time of or prior to an inspection specifying r�asonahle cause for ette intipectian. , ��: '
<br /> • ' , !0.Condemnatton. The praceeds of arty award or cla�m for damages.n�,��of condemnai n are hereby assigned and y,� `� ��,
<br /> � rondemnauon or other taking of any pan oi the Property.or for conveyance i , .
<br /> ' ' shall be paid to L.ender. •
<br /> � In the event of a totat taking of the Pruperty.the proceeds sfiall be appieeii to the swns secured by this Securiry Instrument. ,.,: r ,
<br /> � " -- whether cx not then dae. with:u�y excess paid w Borrower. In the event of a partial taking uf the Property in which the fair . � `
<br /> '. • market value af the Property immediately before the taking is equal to or greater than the amount of the sums secured by this _
<br /> �� • — Secvrity In.�truniettt immcdiately befi�re tlie taking.unl�s Borrower an d i.en der o t henvise a g r e e i n writin g.[he sums secured by -�`_;
<br /> ' this Security Instrument shall be redaced by the amount of the pmceeds mulriplied by the foilowing fraction: ta) the tocal �_ ,
<br /> amuunt of the sums �ecured�mn►ediately befare the taking,divided by(b)the fair market value of the Property immed�ate�Y . .
<br /> , . 6efom the taking. Any balance shall be paid to Banower. In the eveni of a partial taking of the Pcoperty in wluch the fair .
<br /> ` market value of tfie Property immediately before the taking is less tha�a the amount of ihe sums sacured immediately before the ��
<br /> � taking, unless Borrower and Len�er otherwise agree in writing or ualess applicable[aw otherwise provides,the pmoe�is shalf [, F•��"-
<br /> ' , be applied to the sums secured by[his 5ecucity IaStrument whether or not the sums ue then due. °-, _
<br /> • If the Property is abandoned by Borrawer,or if,after norice by I.ender to Borrower that the oondemnor offers to make an ;,��J
<br /> award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given. �
<br /> '� ,��,, � ��, Lender is authorized to collect and apply the proceeds.at iu option,either to restoration or repair of the Property or to the sums _ '; ��;'".!�
<br /> • secured by this 5ecurity Instrument,whether or not then due. �i�uon of roceeds to principal shaU not extend or �, ���--
<br /> : � �`: �' Unless Lender and Borrower otherwise agree in writing. anY aPP p ,•
<br /> . . : postpone the due date of the monthly payments referred to in paragraphs i and 2 or change the amount of such payments. , �'' >f<:_
<br /> Il.Boerower Not Reteased;Forbearance By Lender Hot a Waiver.Extension of the time for payment or modifccation .:
<br /> � of amortiration of the sums secured b�this Security Instrumeat granted by I.ender to any successor in interest of Borrower shall . ,�
<br /> . , , not operate to release the liability of the original Borrower or Bormwer's successors in iirterest. I.ender shall nut be required to � '�^
<br />= commence proccedings against any successor m interest or refuse to e�ctend time for payment or othenvise modify amorti7ation ��4 ;,_
<br /> � � of the sums secured by this Security Inmument by reason of any demand made by the ariginal Borrower or Borrower's _ , _. u.�-
<br /> successors in intere.�t. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the - �-'g,;�
<br />- , `r;: exercise of any right or remedy. '�'
<br /> . 12. Successors and Assigns Bom►d;Joint and Several Liability; Co-signeYS. The covenanu and agreemenis of this : ��-- ,;�_
<br /> ' � Security Instwnent shall bind and benefit the successors and a5signs of I.ender and Burrower, subjeet to the provisions af :.E��, ,y:
<br />" ;• �. �� �� paragrap5 17. Borrower's covenants and agreements shall be jaint and several. Any Borrower who co-signs this Security �;
<br /> ;-���
<br /> �' rant and conve that .:�°,.-���
<br /> , Instrument but daes not execute the Note: (a) is co-signing this Securiry Instrument only to mortgage. g Y � .�„_
<br /> '� ' ' Borrower's intetest in the Property under the terms of this Security Instrument: (b)is not personally obligated to pay the sums :•
<br />- • • • � ;;�, secnred by this Security Instru�►ent:and(c)a��es that Lender and any other Borrower may agree to extend,madify,forbear or . -�:;
<br /> �`i;;rr.�., .
<br /> , . . - make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. • ;�•_�;.
<br /> n -
<br /> 13,Loan Charges,If the toan serured by this Securit}r Instrument is subject to a law which sets maximnm loan charges. � .}._-�.
<br /> , � �' • and that law is finally interpreted so that the interest or other loan charges coltected or to be collected in wnnaction with the •`,'�.`
<br /> loan exceed the permitted liauts.ihen: (a)any such loan charge shall be redaced by Ehe amount necessary to redsice the c6arge —
<br />_;� ta the permitted limit;and(b)any sums already wllec[ed from Borroaer which exceeded permitted limits wiU 6e refunded to ,_�:"
<br />° • � .. Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct =��-
<br /> '' � . payment to Borrower. If a refund reduces principal. tiie reduction will be treated as a partiaf prepayment without au}s ;,_
<br /> - ' � prepayment chatge under the Note. "``s�`
<br /> . 14.Notices.Any notice to Borrower provided for in this Secvrity lnstcument shall be given by delivering it or by mailing � •��-
<br /> � it by first class mail unless applicable law requires use of another methad.The nouce shall be directed to the Property Address ..�, �...t;.
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shaU be given by first class mail to �Y'`
<br />. �• • ' ' Lender's address�tated herein or any other address Lender designates by notice to Borrower. Any nutice provided for in this • : ,�,=
<br /> "•'� � � Sscuriry Instrument shall be deemed to have been given to Burrower or Lender when given as provided in this paragraph. _ _
<br /> . ' +, 15.Goveraing Law; Se.esabtltty. This Securit}� Instrument shall be govemed by federal !aw and the faw of the . ;�
<br /> jurisdiction in which the Property is lacated. In the event that any provision or clause of this Security Instrutinent or the Note __
<br /> . � � conflicts with applicable law.such conflict shalt not affect other prov�sions of this Security Instniment or the Note which can be . _
<br /> � given effect without the conflicting provision. To this end the provisions of this Security Instrument and tAe Note are declared . .
<br /> �::
<br /> . `�� ta be severable.
<br /> • 16.Borrowes's Copy.Borrower shall bc given ane conformed copy of the Note and of this Security instrument.
<br /> � � � 17.Tra�ufer of the Property or a Bene�icial[nterest in Borro�ver.If all or any part of the Property or any'interest in it
<br /> �;;� is sold or transferred(or if a beneficial interest in Borrow�er is sold or transferred and Borrower is not a natural person)without ,
<br /> ° � Lende.•'s prior written wnsent, l.ender may. at its optian. require immediate payment in full of all sums secured by this . .
<br /> _ � , Security Instrument.However, this option shall not be exercised by Lender if exercise�s prohibited by federal law as of the date .
<br /> � � � • af this Security Instrument. '.. . .
<br /> - • if Lender exercises this option.Lender shall give B�mower notice of accelerauon.The notice shall provide a period of not
<br /> • . : less than 30 day� from thc date the nnticc is delivere�f. cr mailed within which Borrower must pay all sums secured by this .
<br /> .'�,�-, � � Security Instrument. if Bnrrawer faii�to pay thcsc sums prior to the expiration af this period.Lender may invoke any remedies
<br /> ' permitte,�i by this Security lnstrument without further notice or demand on Borrower. .
<br /> � 18. Bnrrower's Right to Reinstate. lf Borrower meets cenain condition�, Borrowcr shall havc the right to havc
<br /> ` cnf��rcement of ihis Security Inctrumcnt discontinucd at any timc prior ta the catlier of: (a15 days (or suCh other period ati .
<br /> applicabl� law m�y specify fur reinst�tement) before sale of the Property pursuant to any power of sale contairted in this •
<br /> ' 5ecurity lnstrument:nr(b)cntry of a judgment enforcing this Security instrument.Th��se conditians are that Bonawer:(a)pays .
<br /> � '� Lender all tiums�vhirh ihen w��uld be due under this Security instrument anJ the Nate a4 if no acceleration had occurred: (b) .
<br /> � curer any def'ault of any other crn•en:�nts or agreementc: fc1 pays aU expens�s incurrcd in enforcing this Security Instrun�enl. •� �
<br /> ' including. but not limitcd w, rra�unaMe at�orneys' fccs: :,nJ (dl taketi,uch ucti�m.+y I.ender m:iy restionabty require to assure
<br /> that thc licn uf thi.r 5ccurity Intitrumcnt. Lcndcr'+rights in thc Property and Burruwcr'+obfigation ta pay thc sums securccl by
<br /> � thi. Serurity lmtrument �hall cantinuc uucl�angeel. Upon rcinstatement hy Bnrri►wer, thiti SecurUy Instrument and the
<br /> , . obli�atiom scrured herehy �hall rcntiain fully cffective a��f nu accrlerati�n h.►d�x:curral. Nuwever,this ri�ht tn reinstate shall ,
<br /> � ' � nut apply in lhe ra�r ut acccleratiun under p3ragraph 17. �
<br /> ' ! 19. tiuie os Note: Chun�e oP 1�►an tiervicer. Thr N��tc or a panial intere�t in thc N��IC 1lugcther �vith thi� 5ecurity .�
<br /> � In,irumrnt►ma�• br.ot�l one i,r morc timc•«�ilhout prior nutice tu Hnrrow�r. A�ale may rewh in.i rhangc in the entiry(kn��un ,� .
<br /> • ; a,thr "l.�+an tirn�icrr"��hat cuUccts monthly paymrnt,duc undrr thc N��tc.md thi�ticcurity In�trumcnt. 'fhcrr cil,u may hc onc
<br /> ' • . �,r in��re chan�c.�,1 Ihe ler.w Sen icrr unrelateJ tu a�ale��f the Nute.lf thrrr�.a rhangr„f the l�,an Serv�cer. Burruwer will be o •
<br /> -� �,ivcn uriUrn nolicr��1 the change m acrurd:mcr��•ith paragrapli I-1 ah�nu anJ:tpphrahlr lau. 'Phe nutice�s�ll >late thr name and °
<br /> addr�,>ut Ih�ncw lAr,m Scrviccr and Ihr addrea� tu whid� p:►ymenty �hoi0d hc madr. Thc nuticc�vill aho ruut��in any othcr •. .
<br /> � inl��rmatiun rcyuircd by appli�.�Blr la��'. , •
<br /> • 20. Naiardou� �ubstane��. Burro�cer .hall nnl cau�e ��r perniit the prr�rnce. u�e. di.rputial. ,t�tt:igL. or nlea+e of any � ,
<br /> ' i H.vardu�i, tiub,tanrc. un ur iu tlic Properly�. A„rnn���r ,hall nul �lo_ nur :dlins any��nr rl.c t�, di,. any�hing a(fccting Ihc
<br /> • Pri,pert} that i• in cu�lam,n ��f any finvttonment.�i i.:��. rn.• ��«<���,�_ ����� •rntence�•hall n��t .ipply t��Ihr pre.rnce, u.e. ur �
<br /> . � .turarr nii thr Pn,prrt} nf��nall yuanhtir+af Haiarduu.Suh.tanir, that an �rnrral�} rrcngni/rJ tn hc:ippn�pnatr tu n�rmal �
<br />---- i���,�i�•n►i:�l n.�y:�n�l t„m:fmten:tnrr�,f thr Pn�prrtt. t, - _ ..
<br /> ' i i
<br /> : , ;,, ,�,� Fo�m 3028 9190 i .
<br /> �
<br /> . _;�'�.--�,--�.—__°
<br /> .. __
<br /> . . - -- __. .., - _:
<br /> .
<br /> .,. .. � . .
<br /> .
<br /> --._'i€ .. ._a...: ..� _..:�.: .,..�.._�.f.....,...C...•.....,:�_..t:..��:._�.:�.-...�.� .�_ .. . .r•i.� ... . _,... .. .,. ... ... . .. ....�. . � ..�.�....... ....a ......,�•:_.. , � ,....�_.. ...�. e . ...._.;.�F._r....�x;..�..�.. a-.
<br /> a..,� S�....y..��.�. �i
<br />
|