|
... , . _ . :,. . _ _ a
<br /> .i�. _ ' ' ' e..�b._.:.. ' ��..,..�_�-., � �.;-3':1�...:.-�✓..�.f' � ;,.i. ..0 i
<br /> i." ' _..__...
<br /> � .._ . J-.._�_;.."'
<br /> ' _ _ _, _ "_ . _- _ - . '_ _ -. ' _
<br /> . � . -.` - . � - . v-o, - - . - _ (- <.- , �` ,�.-� , 4� .
<br /> - - �s f. �, js - _ . � J�-.i'.�.'- 5
<br /> � �£ .4�, �f` . - . , � - - . . � . � -
<br /> �- •r�' tr; - > ( !r ` ` _ . J. �� .C-.i , f . _ . .• � . .��•_ '. ,
<br />� .:f ' � �_ , -. . _`<� . ... ,g�• - . , _ , , . , , 'r - - _ ._
<br /> -- 4 t. - . ' • t - H .. " . , ` - i• ..` . � . . " - �. "tr i 6 cp. .
<br /> E~ ` � . '�t . � �' z n .. '(` ` •�.< _�F ..�._._(. ..�. . .� .. �cT( . [4. ? , ,k.
<br /> _ �....(� L
<br /> _.i . ., " . �}, _
<br /> � ..
<br /> '��,��, '� ' .
<br /> , � , ' , : ` paymenu may na longer tse required,at the option of Lender,if mortgage insurance coverage(in the amount and for the period� .�:<� � _ ;•� 4.•
<br /> .. F . .'. . . �.
<br /> • ' that Lender requires)provided by an insurer approved by Lender again bernmes available and is obtained. Borrower shall pay� ��, -
<br /> _ ��.`• the premiums required to Enaintain mortgage insurance in effect.or to provide a loss reserve,until the requiremcnt for mortgage ' ..;��",�.
<br /> J� �.'.,4 �. �`= '�.. insurance eads in accotdaisce wid�any written�ment betareen Borrowec and Lender or applicable law. � � � .'.,�` ,+ ..,
<br /> -��� 9.Inspection. L.ender or its agent m�y make reasonabte entries npon and iaspections of the Property. l.ender shall give Q �` ; '
<br /> " �"""-�' Borrowet notice at the pme of or prior to an inspectian specifying reasanable cause for the inspection. � �' . �
<br /> . �: - . , .:
<br /> � ' 10. Condemnat[on. The prooaeds af any award or claim for damages. direct or rnnsequential, in connection with any .,; ";;: ,.,
<br /> . condemnation or other taking of any part of the Prope:ry.or for conveyance in lieu of candetturation,are hereby assigned and � -•t-� s.,-`-_
<br /> � ° ' . - shall be paid to i.ender. ._ ' . . `�
<br /> . In the event of a total taking of the Property.the p�aceeds shall be applied to the sums secured by this Security iasuument, Y•. �, _:`;�,'�>.,�
<br /> - - whether or not then dae, with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair .,,� : � _
<br /> �� T ���� " `�w� market value of the Property immediacely before the taking is equal to or grrater than tne amount of the sums secured by this , ,. ..
<br /> -.. ,::t,,:.
<br /> ' . � " Securiry Instrument immediately before the taldng.unless Borrower and Lender otherwise agree in writing,the sums secured by :._::�;;
<br /> �� this Security Insaument shall be reduced by the amount of the procceds multipfied by the foltowing fraction: (a) the total . .. ' '•:�"„`,.,.
<br /> �3,` � amount of the sums secured immediately before the taking. divided by (b)the fair market value of the Property iminediately �;��- •., _
<br /> . �.� :�
<br />- - before the taking. Any balance shall be paid to Borrower. In the event of a partial tal�ng of the Property ia which the fair � `t: .,.• _:�---=_
<br />- �,.��. : , ....; market value of the Property immediately before the taking is less than ttie amount of the sums secured immediately before the
<br /> • . ,.L�s s taking, unless Borrower and l.ender aherwise agree in writiag or unless applicabte law otherwise provides,the proceeds shall __
<br /> be applied to the stuns secure8 by this Securiry Insuvment whether or not the sums are then due. ,
<br /> � - . If the Pcoperry is abandoned by Borrower,or if,after notice by Lendea to Boaawer that the condemnor offers Eo make an ..s'!�j
<br /> •- "��� award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the aotice is given,
<br /> ::—��
<br /> ' ' ixnder is authorized to coltect and apply ttce proceeds,at its option,either to rastomtion or repair of the Property or to the sums _;'_.,,L�:�
<br /> :z- —
<br /> • � .� secured by this Security Instrumeat,whether or not then dae. _ ���� �
<br /> ' Unless Lender and Borrower otherwise agree in wriung, any application of proceeds to principal shall not extend or ; �;; "� ��:j_.
<br /> : � ,;.
<br /> � .�4 ' postpone the due date of the monthly payments raferred to in paragraphs i and 2 or change the amount of such payments. ,,,�:
<br /> ,`;; �„ , � 11.Borrower Not Reteased; Forbearance By Lender Not a Waiver.Extension of the time for payment or madification . �'°`�'_
<br /> - ,���
<br />..�- � ' �. `i - ;; of amortization of the sums secured by this Security Instrument grdntc8 by I.ender to any successor in interest of Borrower shalt ;����' *,�-
<br /> � ' not operate to release the liabiliry of the original Borrower or Borrower's successors in interest.Lender shall not be required to r`.•� _:
<br /> , � � ��, commence praceedings against any successor in interest or refuse to extend time for payment ar otherwise modify amorti7ation . '���_
<br /> of the sums secured by this Securiry Instrument by reason of any demand made by the original Borrower or Borrower's ---- .
<br /> �{ �Y � . - . : ';'; successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or pretlnde the i=—
<br /> •. � exercise of any right or remedy. '��'� "`���`°
<br /> , ' ` 12. Successo�s and Asstgns Bound;.loint and Several Liabtlity; Co-signers. The wvenants and agreements of this "��:' : ',, .'��-
<br /> • ' Securiry Instrument shall bind and benefit the snccessors and assigns of Lender and Borrower, subject to the provisions of �- ___
<br /> . : . .;
<br />�: • '� _ _ paragtaph 17. Borrower's covenanu and agreements shall be joint and several. Any Bonower who co-signs this Security ��'_
<br /> •• • Instrument but does not exerute the Note: (a)is ca-signing this Security Instrument only to mortgage.grant and convey that �,3.�.,-_
<br /> :.� f':: ' :'., ���.`_
<br /> • Borrawer's interest in the Property under the terms of this Security Instrwnent;(b)is not personally obligated to pay the sums �•z. .. :�_ �.
<br /> . . � , secared by this Security Instrument:and(c)agrees that Lender and any other Barrower may agree to extend,modify.forbeat or `�"'�''�..A.�
<br /> . . . :' make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. .. __
<br /> • 13,Loan Charges. If the loan secured by this Security Insirument is subject to a law which sets maximum loan charges, __ _
<br /> n �
<br /> � ' . • � and that!aw is finalSy:ntecpreted so that the interest or other loan chargts collected or to be coltected in connection with the ; _�
<br /> '� � loan exceed the permitted limiu,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge ,_ : '-�
<br /> �''�� . � to the permitted limit:and(b)any sums already collected from Borruwer which exceeded permitted limits will be refunded to -'� �--� : _
<br /> . � � -� Borrower. L.ender may choose to make this refund by reducing the principal owed under ths Note or by making a direct „ , __
<br /> , . � payment ta Borrower. If a refund reduces principal, the reduction will be treated as a partinl prepayment without any . . _ _
<br /> . � ' prepayment charge under the Note. � .. . :i.`
<br />
|