|
,�C . . � . ..�_3. 1.[.�.... � _
<br /> � ...�c
<br /> .���-.,..�. .... .... . __
<br /> '_�• .-^-^c:�-'--l � �� ' __.. . _,' . ____ __ ___. " _,_ .-- ._� �t- - - .- .
<br /> .'. ' " �� t' ' F , . � ( - .F
<br /> � . .. � ._' _ � -'' ' . r � (t`. . .. . ' �`t' .. I < V ' " �_ ..
<br /> t� e , `c � . . . u.<. �i. ... . < , � _ '` 'a � . ` , � . ' � - `c . . � �..� _�,r` ..
<br /> ..', , _ . . . . .. .. . . . . , - � � . - . . - .r . - . i . � rc ..f• y
<br />- , .. . � `__ • . . ���. - ' � . ' .. .. _ C _.. ._ .. . �it...'_. _ , ..F. t �.F`;- .er
<br /> . . . �.. S�.` ' �..��•---�`F•- _
<br /> c: _ _ .��_.___.. ..._..._�._._ ._"' ....__—"�_ ..—, `.,_.
<br /> . � t . `
<br /> � . . ' . '�', - .
<br /> G`'< � -
<br /> � � ,_ , payments may no longer be required,ac the opdon of i.ender, if mortgage insurance coveragc lin the arnount and for the period , •
<br /> .. `. . ttzat.l.ender requires)provided by an uvsurer appmved by Lender again 6ecnmes available and is obtained.Horrower s6a11 pay `'";t:," " •
<br /> � • the premiums required to maintain mongage irisurance in effect,ar to provide a loss reserve,unril the requirement for mortgage " � . �
<br /> - insurance ends in aceordance with any written agrcement between Borrower and Lender or applirable law_ ':`R `• '
<br /> ' -� ' 9.Iaspection.Lender or its agent may make trasonable entries upan and inspectioac of the Property. Lender shall give� �•'.; '`
<br /> _ -;,+.., .: .
<br /> ." Borrower notice at the time of or prior to an inspection specifying reasanable cause for the inspection. .-.
<br /> � ' 10.Coademnation. 1`he proceeds of any award or claim for damages, direct or consequenaat, in connection with any �
<br />-. , oondemnation or other taking of airy part of We Property,or for conveyance in lieu of condemnation,are hereby assigned and -•-��
<br /> • . � � • shall be paid to Lender. " `
<br /> � , In thc event of a total taking of ihe Property,the proceeds shalt be applied to the sums secured by this Security Inswment, ;.�. � ' .
<br /> _ _ whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair ,� �`. '-
<br /> � - - market value of the Property immediarely before the taldng is equal to or gt�cater than the amount of the sums secured by this� � •t•.� .
<br /> • .� Security Instnunent immediately before the taking,unless Borrawer and Lender otherwise agree in writing,the sums secured by _•,��t�• •.�
<br /> : ` this Securi Iasorument shall be reduced b the amount of the rocceds multi lied 6 the followin fraction: (a) the total x^'�'�-�
<br /> tY Y P P Y g ;:..'_
<br /> � � amount of the sums secured immediately before the taking,divided by(b)the fair market value of the Property immediaiely •
<br /> >>� ,� �t - � before the taldng. Any b�ance shall be paid to Horrower. In the event of a partial taking of the Property in wJuch the fair -
<br />- _ � . � - market valae of the Property immediately before the taking is less than the amount of the sums secured immediately before the
<br /> . � taking. unless Borrower and Lender otherwise agree in writing or unless applicable lai�otherwise provides,the proceeds shall - �� �:' _
<br /> , .. be agplied to the sums secured by this Security Instrument whetlter or not the sums are then due. ' --
<br /> � < � If the Property is abandoned by Borroa•er,or if,after notice by I.cnder to Borrower that the condemnor offers to matce an `�•�z' �-
<br /> ` , ':<�_• '`=-
<br />``f . • award ar settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given, e—;.
<br /> _ . .. ..,�.�:� _..;. �.�:::
<br /> _ � , _ __ Lender is authorized to eollect and apply the procee�s,at its option,either to restoration or repair of the Property or to the sums •� �;-z
<br /> � secured by this Secvrity Instrument,whether or nat then dae. : , �••�.:=L==
<br /> ���4 Unless Ixnder and Barroaer otherwise agree in writing, any application of proceeds to principal shall not extend or - �'�:�''
<br /> � ``�' postpone the due date of the manthly payments referred to in paragrap�s 1 and 2 or change the amount of such payments. F `"��-_
<br /> �- .�,;s�
<br />_`'' __. .,__ 11.Borroc�er Noi Released;Forbeardnce By Le�tder Not a Walver.Exiension of the time for payment or modificarion ' .�*�-
<br /> .::5::�
<br /> . of amorti7ation of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower s6aI1 „ _���,.
<br /> . • ,' nat operate to release the liabiliry of the original Borrower or Borrower's successars in interest. Lender shall not be required to . z;,.�-_
<br /> � � ' commence proceedings against any successor in interest or refuse to elctend time for payment or otherwise modify amorti7ation '';;;�:��_
<br /> � � of the sums secured by this Security Inswment by reason of any demand made by the original Borrower ar Bonower's • ---
<br /> successors in interest. Any forbea�~ance by Lender in exercising any dght or remedy shall not be a waiver of or preclude the �.: _��' �,' �: ,::
<br /> - ' �' exercise of any right or remedy. .` �"_^�-
<br /> � 12. Successors aad Assigns Bound;Joint and Several Liability; Co-sigaers. The covenants and agmxmenu of this •� �'• ��°=
<br /> . ,. �• ;;;�
<br /> Security Instnsment shall bind and benefit the successors and assigns of l.ender and Borrower, subjert to the provisions of .. `:_;�,�';�
<br /> _ ' . paragraph 17. Borrower's covenants and aa eemenu shali be joint and several. Any Borrawer who co-signs this Security . :-��_°�
<br /> - . " .� `.'�'� Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, giant and convey that � '�����'
<br /> ,� . `� Borrower's interest in the Property under the terms o:'this Security tnstrument;(b)is not personally obligated to pay the sums � {`
<br /> �..:�i.
<br /> ' : ' secured oy this Security lnsirument;and(c)agrees that Lender and any other Borrower may agree to eatend,modify.forbear or �;$_
<br /> '. . � make any accommodations with regard to the terms of this Security(rtstrument or the Note without that Borrower's wnsent. ° -
<br /> :�.�' 13.I.oan Charges.If the toan secured by this Security (nstrument is subjec.c to a law which sets maximum loan charges. -
<br /> _ . . . • . . ' and that law is finally interpreted so that the interest or other loan charges collect3d or to be collected in conneciian with the � —=
<br /> ' . loan exceed the permitted limits,then:(a)any such loan charge shall 6e reduced by the amount necessary to reduce the charge ' � ' • ---
<br /> • �' . � • � to the permitted Ilmit:and(b)any sums already coltected from Borrower which exceeded permitted limits will be refunded to � • - -
<br /> . . •• Borrawer. Lender may chaose to make this refund by reducing the principal owed und�r the Note or by making a dimct .
<br /> r--i • • , payment to Borrower. if a refund redaces principal, the reduction will be treated as a partial prepayment witttout any � �� � -
<br /> .r�.. . .
<br /> ; . ; prepayment charge under the Note. , . .
<br /> } 14.Notices.Any notice to Bonower provided for in this Security lnstrument ahaU be given by delivering it or by mai}ing
<br /> `�,� •- it by first class mail unless r�pplic�able law requires use of another method. The notice shall be directed to the Property Address . , ,
<br /> .; . � or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first class mail to ., •
<br /> , Lender's address stated herein ar any other uddress Lender designates by notice to Borrower. Any notice provided for in this ,.,�-�. ,.
<br /> • � • Security Instrument shall be deemed to have bcen given ta Barrowcr or Lender when given ac provided in this paragraph. , �
<br /> . ' , � 15.Cyoverning Law; Severabillty. This Security Instrnment shall bc gavcmed by federal law and the law of the ` � .. .
<br /> .. � � jurisdiction in which the Propeny is located. In the event that any provision or clau.e af this 5ecurity Instrument or the Note .
<br />_ '' conflicts with applicable law.such ronflict shall nnt affect other provisions of this Security lnstmment or the Note which can be � .
<br /> � � . given effect without the conflicting provision. To this end the pravisians of this Security lnstrument and the Note are declared � � ••
<br /> � to be severabie. �•
<br /> • � 16.Borrower's Capy. Borrowcr�hall bc given one canformcd rnpy of thc Note and of this Security Instrument. � • �
<br /> ':!r � '
<br /> . � � Form 3028 9/80 ; .
<br /> Pa�o 4 01 6
<br /> . j
<br /> _,(t. '� ,
<br /> .. �
<br /> �, ' � . � . . � - ' . . .. '
<br /> . ,_t• . • . . :' . `. .i� � � � __ �.--�.r--:-�-____:
<br /> . . . . . , ,,:.
<br /> _.,..-_ . . �:. ..._ _.. . ... . .. . . . ., __ �.. .. .._... _,.__ � _...._..�--_..___
<br /> . . � �. , } �� 3
<br /> . . .. .. _.. _... . . .. . ... ... --. _=�� .�•.�._- _.� _'��.� ;�._ �:x�_.��� ' _�ti.
<br />
|