|
. , _ " . . . . � .. . . . . �.R . .c , .
<br /> ' _.,. ._ � .` �� - . i .. . . . . _ . . . _ V ,,i �. . .. ��!( •
<br /> .. - . , L ' .. f' . . ` _ ` .. ' .t ' ,
<br /> ( . .. - . . . � _ ` - _t . . tt t'` . � t.
<br /> } ' � � .. � . � � � - . .� . . ` ' ' ' C t ` i. .. ��� _
<br /> , � � � 9�-i���3 � , : ._ �
<br /> . �� �
<br /> paymcnts may no Wnb�x bc required,at the option ot Lenda.if mortgage insurance coverage(in the amount and for the period � � ' , -
<br /> that Lcader rcquires)Provided by an insurer approved 6y Lender again becomes available and is obtained.Borrower shali pay the ,
<br /> i premiums rcquired to maintain mortgage insurance in effect,or to provide a lo�s�esve.until the requirement for mortgage ( �" . .
<br /> � � `' insuraace ends in accordanre with any wn`ttren agreemeac betareen Boirower and Lender or applicable law.
<br /> n ,
<br />_, . . ; 9.Ia�pection. Lcnder or its agent may make reasonable enuies upon and ia�Ctinns of the Roperty.L.eader shall give ; . .
<br /> - � ), Bonower aotitte at thc time of ar prior to an inspecaon specifying re�asonable cavse for tke inspection. '�
<br /> e
<br /> � ` 10.Coade�nation. The praceeds of aay award or claim for damages.d i r e c t or consequen t i a l, i n c o n rt e c t i o n w i t t�a a y ,
<br /> �` -'-- -, ' wndemnation or other taking of any pan of the Ptoperry.ur for conveyance in lien of conde,mnation,are hcaeby a�si�ed and --. - --- �
<br /> . ' shall be paid tn Leuder.
<br /> . ta the event of a tntal taking of the Pmpe�iy,the pmceeds shall be appiied m the sums seaued by thu Secutity Instrument,
<br /> whether or aot thea due.with any eaccess paid ro Borrower.In the event of a partial taking of th$Pmpe�ty in which the fair madcet �, > . : .
<br /> value of the Ptoperty immediatelY beforc the taking is eqnal w or geatea than tlie amount of tlne swns sec�ued by this Security . . . -- _ `
<br /> ° • : Instrument immediarelY befo�the taking, untess Bflzrower and Lr�dea othe�wise agee in wiiting,the sums secured by this .
<br /> { •°! Seuuity Instcument sdall be reduced by We amount of the pmceeds mWiiplied by the follawing fracaon:(a)the total amount of � :::,,
<br /> ' the sums secuzed 'unmediately before We r�king,divided by(b)the fair market walue of the Prope�ty immedia�ly befo�e the �..`, K�,-, .'
<br /> '� taku►g.Any balance shall be paid w Borrower In the eveat of a pactial takin8 of the Prap�ty in whicb the fair market value of the � . . • :, .:
<br /> , Pro p e r ty immediately before tBe taking is tess than the amount of the svms secured immediately before the taldng, �mless '_'^�=•,-;�
<br /> ��. � ..::
<br /> Borrower and Lender o�herwise a�ee in wriring or nnless applicabte law o�ernise pmvides,the proozeds shall be applied to t h e • _a,-
<br /> - . sums sec�tted by this Searriry Ins�ur►ent whethei or not the sums ace then due. , : y� �` ��
<br /> � . �;.;,:
<br /> -. ' If the Propeny is abazidoned by Boirower,or if,after notice by Lender to Barmwea tdat the condemnor offeds tv make an . t. ....
<br /> '= award or settle a claim for damages,Borrower faiLs w respond ta Lender arithin 30 days afrer the date the norice is givea,Leades ..,.�;�'�:A .
<br /> • � iv autharized w co�ect and a�piy the piacceds.at its option,eiiker to reswiation or repair of the Property or to the sums secured • • h. �'.
<br /> ., -��y:
<br /> A- . , by this Seaaity Instmment,whether or not then due. -` ,�_'�_
<br /> _. �^..
<br /> �. . Uniess Lender and Borrower otheivvise agree in writing,aaY aPPlicatian of proceeds tn pru�apal shall not eatend or postpone ?�`:�,��`
<br />_' ' the dne date of the monWly payments referred w in paragrapt�s 1 and 2 or change the amomu af such payments.
<br /> .1;�:,;��
<br /> 11.Borrower Not Released;Forbearance By�.ender Not a watver. Extensioa of the time for payment or modif cation - . .,;���?•t•�`
<br /> . . . of amotpzarion of the s�uns serAred by this Serurity Insomment gcanted bY L,eader w any saccessor in interest of Borrower sLall . �:.-_�_.''�.`•�
<br /> ` z ';
<br /> not opciate w retease it►e liability of the original Borrowea or Sorrowex's successors in interest.l�euder shall noi be required to 7 ��_
<br /> . ���ce proceedings againss any successor is►intea�st or refuse w exte�►d time for pay��nt o:othectivise modify amoitizarion of " < < ���� .
<br /> the s�m�s secured by this Secariry Insuumeat by reason of anY�d made by the ariginal Bomnwea or Borrower's successors � .,. f:,°�;��`.;:
<br /> , in inte�t.My forbearance by Leade�in exercising any right or remedy sAall not be a waivea of or precIude the exencise of any :,�: ,. ::y�«:,�::=_:�:
<br /> er ..��.
<br /> � rigftt or remedy. - `�'�
<br /> 12.Succcs5ors and Assigns Bowd;Jomt and Several Liability;Co-signers.'Ihe covenants and agreements of this "�`:����•
<br /> � •� �_�:.
<br /> � -.'A�;)'.
<br /> ? . Seturinr Insuument shall biad and benefit the successors aad assigns of Lender and Borrowe,r,subject to the pmvisions of .,�:�..,:
<br /> '' paragraph 17. Borrower's covenants and agreements shaU be jou�t and several. Any Borrower who co-signs 11�iis Seciuiry . . :�=' .,, ;
<br /> ; �<<.:.
<br /> Instrument but does not execute the Noie: (a)is co-signing ihis SecuritY Inswment only w moitgage.grat►t and coavey that _. . _,•��s.
<br /> � � Borrower's inte�st in the Property t�nder the te�rrms of this Sect�rity Ins'�ut�tenC(b)is not personaUy obligated to pay the sums ,' .;,5��_;
<br /> '�.r � � scxured by ihis Secauity Inswmen�and(c)agrees that L,ender and any ather Borrower may agree w ex t e n d,m o d i f y,f o r b e az o r �- -�:�
<br /> make any accvmmadations with ngazd to the terms of thic Security Instrument or the Note without that gorrowei's consent : . "-?"--'-
<br /> ,, ,,
<br /> 13.Loaa C6arges. If the loan secured by this Securiry Instmmcnt is subject w a taw which sets maximum toan charges, � -'::Y:�
<br /> � and thai law is finaUy interpreted so that the interest or other loan charges collcllcetted or to be coltected in connection witb the Ioan
<br /> .. c�cceed the permitted limitg,then:(a)any such loan charge shall be reduced by the amount necessaty to reduce the charge w the •. � ��
<br /> c�
<br />- . � • pamiur,d limix and(b3 any sums already collected from Bonowea which exceeded penniued limits will be refitaded to Borrower. , �-.
<br /> : ��:.
<br /> '. � � �. Lender may choose to make tLis refiuid by reducing the principal owed under the Note or by maldng a direct payment to
<br /> • Borrower. If a refund reduces priacipal,the reduction wiU be ueated as a partial prepayment without any prepayment charge : ,
<br /> : . . under the Note. •
<br /> '� 14.Noifces. My notice w Borrower provided for in this Security Instnunent shall be given by delivermg it or by mailing it . •
<br /> . . by first class mail unless applicable law requires use of another method.'Itie norice shall be directed w the Property Address or .
<br /> � any other address Borrower designates by notice w Lender.Any notice tn Lender shall be given by first class mail w Lendcr's . , . .
<br /> •• address siatcd he,rein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security � .. .
<br /> `` Instrument shall be deemed to have been given to Borrower or Lender when given ag provided in this paragraph. . .
<br /> � 15.Governtag Law;Severabiltty. This Securiry lnswment shall be govemcd by fedcral law and the law oC the � .
<br /> '� � ` jurisdiction in which the Property is located.In the event that any provision or clause of this Security Instrument or the Note . . .
<br /> . � conflicts with applicable law,snch conilict shall not affect other provisions of this Security lnstrument ar the Note which can be • �
<br /> � given effect withovt the contiicting provision.To this end the provisions of this Security lnstnunent and the Note are declared to .
<br /> � be severabte. � '
<br /> �
<br /> r
<br /> � Form 3028 9/90
<br /> .t� f �•8R(NE)1s2�z►o, aagea o�e i�roais: .
<br /> .! { Q j � ' . '
<br /> f, • , • .
<br /> ,� .
<br /> •;i ,
<br /> ::, • ' . . '
<br /> j • .
<br /> � ,� .. , ... . � .. �... p , � .�•. '•. . . :_ .-S:i..�,.t...__: . ..�Liv'.'�s.r::;.C:tA. s �- `
<br /> . 7- •___..,,._ .., ..-...i.,.�w�::�.;A•_ ....._ _.. _ i. ,. .._. --- - ��+,-,.�a _ _..,�_:3-ia��.,��ri,aa��v'a�.:�i.c.�7-ta•:Y--n,wi,:,d�;'�� ,r....�. ��l.�.-;_..r^�m:r.�-:•w�.M+=i4�r.�:44g.4iN�-�+► wr.. . • -
<br />
|