|
"'_ . � S '
<br /> n- _ �t�• - __ ' .t� . }Y" `c`?—
<br /> .. . �� _
<br /> ..� .. . .. - - - ' -
<br /> _ . -- .,�-'�— - ' . .; ". _F._ ___ .'— -
<br /> G �:` � 1- - , <. ° � � .ry 4 s.� .
<br /> . - t. � t �: c�<. . : . . i- ' —, -c- - . -'� t . f . • .
<br /> � . . .c . � _ ._ .C�-. C, c t — . : ' ` . . . .. � `� ..._ .y. .'-. ... ._ � 4 � � . � . � . . .'6. _ . ,4 t`
<br /> ..f'� G' . . . . . . . .. . ` .4. ' . . . .. . a,. •• ,` �::K'' . -:-i�"-
<br /> •� � a , ' 1: . . . . ' . ` . G. � F..' . . . . `i� . , � ' ' [ '
<br /> • -, � � - ' . , . . . �<�. - � c , . - .. �4 . . . � -: _ . [ . - . � , _ l • - . t�:.
<br />. . . � ��` - _ ' ..._._,_� � o, � � - __Z _ .,. _.�.—_ ..�F. �`�_ ,_ ..._.� —.�..--°' � . �.
<br /> �. c y:
<br /> � � � ' payments may no longer be raquired.at the option of Lender, if mortgage insurance coverage(in the amount and for the period �����.� ? , " ,�'.
<br /> . . � � .��`-. that l.ender requires)pro•�ided by an i��surer approved by i.ender again becomes availabte and is obtained.Borrower�hall pay '
<br /> the premiums required to maintain mortgage insurance in effect,or to provide a loss reserve.until the requirement for mortgage�
<br /> - . . t ~ insurance ends in accordanoe with any�vritten agrecment between Borrouer and lrnder or applicable taw. � F,. ;_ , �
<br /> _ _ :•r��• 9,iaspection. Lender or its agent may make masonable entries upon afcd in�pections of the Property. Lender�hall give d �; } '
<br /> `� : Borrower natice at the time of or prior to an irupection specifying reasanable cause for the inspection. �
<br /> -_- t' '- A�'•_'
<br /> - lU.Condemnatlon. The praceeds of any award ur cLtim for damages. direct or conxequential, in connec:tion with any� �_
<br /> , �. condemnarion or other taking of any part of the Property.or for conveyance in lieu of condemnation,are hereby assigned and� .•.'�<,i. ;;,.��{:-;`
<br /> .. � , . ` shal!i�e paid to Lender. . ';'}-�
<br /> � ' -,y` In[he event of a total taking of the Pivperty.the proceeds shall be appiied to the sunu secured by this Security Insuument,� •h :
<br /> - , .- whether or not then due, with any excess paid to Borrower. In the event of a partia! taking of the Property in which ti�e fair�
<br /> �.f .
<br /> � � . market value of the Properiy immediately before the taldng is equal to or greater than the amount of the sums secured b, ti»s _
<br /> �s'. .' �' Security[nsomment immediately 6efore the taking,unless Borrower and Lender otherwise agree in writing.the swns secure►'by "� ;
<br /> �•.'� ` . '` this Serarity Instniment shall be reduced by the amount of the pmceeds muluplied by the foflowing fraction: ta) the total _ , .�:�.,- .
<br /> ��; �. PertY Y `'..t't:= ---�--
<br /> ,_. ` � � amount of the sums secured immediately before th�taking.divided by (b)the fair market value of the Pro immediatel
<br /> . ..,:.K..
<br /> . � before the taking. Any balance shall be paid to Borrower. In the event of a partiat caking of the Property in which the fair : , ��'�=-
<br /> - � � . market vatae of the Pmperty immediately before the taking is less ttian the amount of the sums secured immediately before the . —
<br /> Y .f taking.unless Eorrower and Lender otherwise agree in a�riting ar anless applipble law othenvise provides, the proceeds shall . , .- �
<br />- � � • ` .. be applied to the swns secured by this Security Inshument whether or not the sums are then due. '`r��
<br /> ; ,. �
<br /> %��• If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnos offers to make at� , `-.�.
<br /> :�.`�.
<br /> - � •• award or settle a ciaim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. _ :' ¢t-�.
<br /> - • ' ' -- Lender is authorized to collect and apply the proceeds.at its option,either ro restoration ar repair of the Property or to the sums - �
<br />.��.' ' secured by this Security Instrument,whether or not then due. �.�
<br /> Unless Lender and Borrower otherwise agree in writing, any application of praceeGs to principal shall,not $xtend or , •-�''`��-�=
<br /> �•�- •': Gk '-
<br />. ,qf . � . . �y �`-_f�
<br /> _i,. ; � ,,� postpone the due date of the manthly paymenu referred to in paragraphs 1 and 2 ar change the amaunt of such payments. t ,,,-
<br /> � • . ' I1.Borrower Not Reieased;Forbeanirtce By Lendca�Not a Waiver.Eatension of the time for payment or modification , �''�"
<br /> ,`�.�.� ' . of amortization of the sums secured by this Security Iastrument granted by I.ender to any successor in inrerest of Borrower shall "�`—
<br /> ` . � .. , � ' not operate to release the liability of the original Borrower or Borrawer's successors in interest. i.ender shall not 6e required to . �==_��"
<br /> • • commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization ' •��"""K•
<br /> : �- t,-�.-
<br /> ti',, . ��� • - of the sums secured by this Security [nstrument by reason of any demand made by the original Barrower or Borrower s • • '
<br /> • ' - ' successors in interest. Any forbearance by I.ender in exercising any right or remedy shall not be a waiver of or preelude the � �' .—
<br /> ` ' •� exercise of any right or remedy. •���`:
<br /> •� 12. Suaxssors and Assigns Bound; Joint and Several Liability;Co-stgneis.The covenanu and agreements of this ��,:;�
<br /> ' � Security Instrument shall bind and benefit .he suc�:essors and assigns of Lender and Borro�ver, subject to the provisions of -• � ���"_.
<br /> :-- - �- , paragraph 1T. Borrower's covenants and agreements shall be joint and several. My Borrower who co-signs this Security =
<br /> Instrument but does not execute the Note: (a) is co-signing this Security lnstrument only to mortgage. grant and convey that '� � -
<br /> � � , Borrower's interest in the Praperty under the terms of this Security instrument;(b>is not personally abligated to pay the sums � ` ;�;:':
<br /> •. ' � sccured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to extend, modify.farbear or �� '°� '
<br /> • � � • make any accommadations witb regard ta the terms of this Security instrument or the Note without that Bonower s consent. . '���-
<br /> � � � 13.Loan Charges.If the loan secured by this Security Instrument is subject to a law which bets maximum loan charges, ,. :�:j_
<br /> , • ' � and that law is finally interpreted so that the interest or other loan charges collected or to be coliected in connection with the :. ;�;3
<br /> ; • loan exceed the permitted limits.then: (a)any such loan charge shall be reduced by the amount necessary ta reduce the chatge ' `:c ., , . __
<br /> �:.;-},� �,:.. � � to the permitted limit:and(b)any sums already collected from Bonower which exceeded permitted limits will be refunded ta _
<br /> ' Horrower. 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, the reduction will be treated as a partial prepayment wilhout any . . : .
<br /> , • ' , prepayment charge under the Note. . •
<br /> 14.Notices.Any notice to Borrower provided for in this Security instrument shall be given by delivering it or by mailing �
<br /> �.'. �• - it by first clasc mail untess applicable law requires use of another methad.The notice shall be directed to the Property Address ,
<br />. � � or any other addre�.c Bonower designates by notice to Lender. Any notice to Lender shall be given by first class mail to : ,
<br /> • . � ' Lender's addrekc stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this � .
<br /> � .' Security instrument shall be deemed to have been given to Borrowcr or Lendcr when given as provided in this paragraph. • '_ .
<br /> ' ; . 15.Governing Law; Severability. This Sccurity Instrument shall be govcrneci by fedcral law and the law of the .
<br /> � . � jurisdiction in which the Property iti located. In the event that any provision ar clause of this Security Instrument or the Note '
<br /> • , canflicts with applicable law, such conflict shaU not affect other provisions of this Security lnrtrument or the Note which can be .
<br />- . � • given effect without the conflicting provision.To this end the provisions of this Security instrumem and ihe Note are declared �� .
<br /> • . to be sevcrable. • ,�
<br /> . t.
<br /> � 16.Borrotver's Copy.Borrower shall be given one confi�rmed copy of the Nnte and c�f this Security Instrument. � .
<br /> - , Form 3028 9/90 • •
<br /> � . Pa90 4 of 6 . . .
<br /> .
<br /> , . ' . . . _ ' ' _' _'__—._._.'- -._._...._ _.. . _ ....._.. '__ _ "' . '._' ` "_'....� ... - . ' " '- ' _ .
<br />. �"'_' . ,_.. . .. . ... . __ �-- �.-. -.. _. .. ... _. . . . - . .
<br /> ' ' . . , . � ' . {'• . . , ,
<br /> � ' : . , �_��� . r ,
<br />. - ..�. .�:. ... .... . .. . .. � ..• . .. ......• _ . •.._. .._ai�....Y..a.f�..n..... .. �•ih.......�...._......... ..�.. . .. . .._.....a�:,...5. ....1..':.� _r.a.. . ,.�.Ct�.w-.�'.r:.::.�.....��,. ' __...
<br />
|