|
.�_ =.."�`-�>�t- � � -- - i�"
<br /> . .. , -. , � —�---- - -,--- . — : . �'-_ , .. - `." - . ` -- ...
<br />_ ' ' "_ _ . -1 . . • F r �S� . ,� C . . ' � ; , _ � ,�• ..`_ ... .. -. �.__.._.������6..w.4 , � {.'��'` _
<br /> .t.:''r_J.. - ., . ._ -
<br /> . , f c° ' _„>.��,..� _�_..:C�,.`_..�ci._ �. ---- . r
<br /> _ . _4 i [ ..'� . `.L'' .
<br /> 'i. . - ' ( . �-,_t``:i:.'� .
<br />- . . ; - T. Pro4ection ot Lender's Rlghts tn the Property. e eorrower rans co verrorm �ne co�enants ana asreemems t � ...� : �
<br /> . < • contatned'm this S�ur�Y InsbumerA.cv there is a tegal Proceadfn9 that maY s[gnf�CantlY aHect Lender's�ights�the Propertfl(such es � �?..r; �� � y;
<br /> ` ` a P�8�9 in banktuA�S►.orobate•tor eondemnatloa or to�fe�ure or to enforce�aws or regu�Nons�then Lender may do and pay tar - � • -
<br /> -, whatevef ts necessery to Protect ths vaWe ot ths P�roDe�N end Lend�a rtgt►ffi in tha ProAartY. t,�ders actlons may�ctude pslr�9 ,� .'.
<br /> � �:• � � any sums secured Dy a Gen whtcfi has pdordll over t0b SaeurtY trst�umanl.eDD�9 in court. P89�9 reasonatrte attameyre fses end � , . ,
<br /> u : �:��.` :
<br /> entermg on the Propeny to make reDairs. AithougA Lender may take eeHon under this para9raPh 7.Lender does not have to da so. � :
<br /> pay amounts disDursed by Lender unde► th(s para8►apA 7 shaU become aQd3tana� QeDt oi Borrower&ecured Oy Nts SecutAyr � F .
<br /> , ti� InsUUment Un�ss Borrower and Lender agree to other tertns ot paymsnL these amourtts shatl bear intecest from tRe Qete of � `,�',
<br /> � �isbursement at the Nota Rtte end sha�be payebte,wah interes�uyon notke from Lender t0 BoROwar requesNnB paYment , , .
<br /> S.MO�tQs$@ (n8Uf81iC@. H Lend�re4oired mortga98 hsuranee as a eond3ton ot making the loan secursd by this Seeurc�f �`�:��
<br /> . Instrumen� Bortower shaU pay the premiums requhed to meb�tain the m 8�rtns�Q tha p�emtums caquired to obffitn mcow►age � . `
<br /> , ..:�: fnsurance covera9e requUed by Lender 4s�ses or ceases tn be in eRsct. � _ � .
<br /> - subsmntfalty►e4�Na(ent w tha mortgage trtsurance P�ousry tn eHeef.at a cost subsmntfaliy e4�Natent to tne cost w Borrower ot tt�e 'i---r.,.'' ._ .�
<br /> _ - - - - --- morigage insurance prevl�usry in efteu. irom an agemate mortgage tnstuer app�o+rsd Dy Lender. q substanttail�►etWNa�nt mortgage _._.' - _._ .--- - - .
<br /> -� ' ins�uante cove�age Ls not avaitaLie. Borroxrer sha� Day ta t�nder each montb a sum eqiml w one�twelRh of the yearh martga9a . � .
<br /> , insurence premium being patd by Botrow�when the insurance Coverage tapsed or ceased W be fn efted. Lender wiU atx��.use end , '4 . �, ,
<br /> ' teffifn tt►ese payments as a loss rsse�va tn fieu ot mortgage tn,wranee. Lass res�ve payments may no longer De requtred. at the �,.* � -`
<br /> `-- optron ot Lender. ff moRBage insurance couerage (tn the emoimt artd for the perfod Nat Lender �eQui�s) Prav1Qed by an tnsurer � � ;�4 • ��,
<br /> r...•. . t� appm�+ed by Lender again becomes ava,�bte and is obta�ned. Bortower shaU pay the premNms requked to mafim� moRBaSe ,,;.
<br />-_, {•. insurance in effect, ar to prov[Ee a loss reserve. unt0 the requuement for mortgage insutance eeds fn ac�°rda��e ���y � s":''ti`
<br /> , <. agreemerrt between Barrower and lendet or appriceb(e iaw. .0 ..
<br /> ? , ' 9. IIISp@Ct1011. Lender or ns egent may make reason3ble enbies upon and Inspecttons ot the PropeRy. Lendet shaU give � ;, �.
<br /> ��? � ' Bortower notice at tt�e time of or prior to en inSpecUon specifymg reasonabfe cause fot the InspecUon. , �,.,�
<br /> ' n 'mnatCio nar other takN9 ot heny Part of the Propertyh o�for comreyance fi 13ego f co�ndemnation.are herebY ess�ned and shall Ce .. -� . .;:.>Y—.,`.
<br /> '•�` . .: co de . . ` —-
<br /> , Dald to Lender. . ., �"-�
<br /> " tn the event ot a total mking ot the Property. the p�ceeds shaU be apPitad W the sums seaured by this Securily tnsuument. — _
<br /> vrhether or nat then due. w�h any excess Oaid w Bortower. tn the evant of a partial taking af the Property tn whi�A the tslr medcet ���•� .. ';;�,_
<br /> xc
<br /> vaiue at the PropeRy immediatety b s t ore t he t a i c i ng i s e q u a l t o o r �r e a t e r t h a n t h e a m o u n t o f t h e s u m s s e c u r ed b y thts Secu[ily �,=_�a:.
<br /> mstrument immed►ately betore the taking. uatess Borrower and Lendet otDenxise 8gree 6�w�Tn9�tlee sums s�ured by Ihls Securd�f .- ;='°--
<br /> Instrument shall be reduced by the amount of the proceeds multiplted by the toflowing fractton: (a)the tatal ertiount of the sums -:- �� ��
<br /> •,r�•�. ' mediate before the taking. div(Qed by(b)the fab meAcet value of the FroPeRY immediateN before the takhi9.My bslance . -`�s+�
<br /> • secured an �Y
<br /> !t ; . shail be pald to 8artower. In the event of a partia!telcing of the PropeRY tn ahich the fafr maAcet va4ie of the Property trnmedtateiy Z; _„a;
<br /> .l ��.:.... . before the taking is tess tlian the amount of the sums secured Immediatety beiore the lakin@, uniess Bortower end Lender otherwtse �� .``�'--�:'
<br /> r�-„-- _
<br /> . . ." agres in w,r�ing ot untess appGcabie taw otherwise provtdes. ths proceeds shalt be appGed to the sums s�uced by this SecurdY . -.-:-;._.��-y��?..
<br /> Instrumeat whether or not the sums are then due. �'�'
<br /> . If the RrapeRy is abandoned by 8orrower.or ff,atter notice by Lender to Borrower that the condemnor ofters to make an award or ':,i �`�-'
<br /> settle a ctaim tcr damages. Borrower tails to respond to Lender wKhin 30 daYS after the Qate the rtotice is 9fire�+Lende��S e�o�d . , '`
<br /> .,, � to coQect and appty the praceeds.at fts oOHon.efther to restoration or tepaV ot the PropeRy ar to the sums secured by thTs Sec�+rkf► ' • ,,.'N ,.r�
<br /> . ,.
<br /> Instrument,whether or not tAen dua "—=
<br /> Un(ess LenQer end Borrower otherwise agree in wr�in9.anY aPD�°n of proceeds to princfpaf shaA not extend or postpone tAe ::��:.�
<br /> due date of the monthiy payments referred to in paragreDhs 1 artd 2 or change the emou�t ot sucA payments. • .",.• .,.�,�,_
<br /> � 11. Borrower Not Reteased:Forbearance By Lender Not a Waiver. 6Rension ot u�e ume ror payment or . . ; ;�;,.��-^
<br /> � modiHcatlon of amortiratlon of tne sums secured by thts Securiry Instrument granted by�ender to any successor fn(nterest of Borrower , , --
<br /> � � - sha�l eot operate to retease the iiab8iry of the original Boaower a Hartower's successors in interest- Lender shaD not be r9quNed to •;J
<br /> commence praceedings against any successar 1n interest or refuse to extend time(or payment ar otherwise modity BmoRiraUon of the _ ',,, ��.�
<br /> sums secured by thfs Security Instrumem by reasan of any demend made by the origlnal 8orrower or Borrowers 6uccessors in ;: r 4:�:;
<br /> �" '- interest MY(orbearance by Lender in exercising anY rtght or remedy shall not be a waiver of or pwciude tne exercisa ot enY�i8ht or ,:±,�_..
<br /> . . •. • remeQy. . . `,
<br /> � � �'' 12. Successors artd Assigna Bound; Jolnt and Several Liability; Casignera Tna cavenants ana : _
<br /> � . � agreements af this Securiry Instrument sha0 bind and benefd the successors an0 Bsslflns of Lender and Bortower. subject to the .-, . �....`f�1
<br /> '" � ° � pro„��p�g o}p�g�ph 17. Borrowers covenants and agreements sha0 be jo�t and sevaraL Any Borrower who co-signa this Secufrty . _
<br /> �� � � insuument but does not execute the Not� (a) ts ca-slgning this Securiry Insuument onty to mortgage. gran� and convey tfiat . -- -
<br /> . �. .; � 8ortowers b►terest In the Pcoperty under the terms oi this Security tnstrument; (b)Is not personany oDilgated to pay the sums secured •
<br /> , ' ' t by this Security Insbumenk and (c) agrees that Lendet and eny other 8ortower may agree to exten0, mod'dy,torbear or matce any �
<br /> '.., ' accommodattons wilh regard to terms ot this Security tnstrument or the Note wRAOUt that Bonowefs consent. �°�"
<br /> • i
<br /> , 73. Loan Charges. If the loan secured by this Secur(ty InsWment Is subJect to e taw vfiicA sets maximum toan Charges.
<br /> � . and that law is tinaly interpreted so that tne interest or other loan cherges eoilected or to be cofleeted in conneetfon wflh tha toan . .
<br /> exceed the permicted limits,ihen; (a) any such loan charges shall be reduced by the amount necessery to reduce the charge to the
<br /> . . � permilted IUnil;and(b)any sums aiready col(ected from Borrower which exceeQed p0rtniited Bmits will be refunded to Bortowei. Lender
<br /> may Choose to meke this retund by re0ucing the prmcipal owed under the Note or by making a dUect peyment to Borrowel. If e
<br /> � � refunC reduces principal,the reEucllon tivID be Veated as a partial prePayment without any prepayment ch3rge under the Note.
<br /> �� � 14. NOtiCP.9. My notice to Bortov+er provided tor In thH Security Instrument shall be given by Qeilvering tt or by ma0ing ft by �. ,.
<br /> • fust class mail unless applir.able law requUes use of another method. 'rhe notice ahail be dtrected to the Property Address or any
<br /> � other address 8ortower de5ignates Dy notice to Lender. My notice to Lender shaU be given by tirst ctass mail to lendera address , • �
<br /> stated herein or any other address Lender designates by not�a to BoROwer. Any notke proviCed (or In this Securtty instrument shgU ,
<br /> , �� � � � be deemed to have been given to BoROwer or Lender when given es provided In thb paragraph• �
<br /> 15. Governing Lsw; Severa6ility. This SeCUrRy Insttument Shflll be govemed by tederel ISw end the 13w Of the
<br /> � jurisdiction in which the Property is tocate0. In the event that any provision or clause of this Security Instrumen!or the Note conflicts .
<br /> � with appllcabte law, such confNct shall not aHect other provisions of this Security Instrument or the Note whiCh Can be given eNect � . ,
<br /> ' � without the conflictmg p�ov'sion. To this end th9 provisions ot tfiis Security InStrument anC the NOte are deCtared t0 b0 SeverBble. ,
<br /> � 16. eorrower's Copy. 8orrower shail be gken one canfortned copy of tne Note and ot ihis Security instrument. .
<br /> � - 17. Transter vf the Property or a Beneficial Interest In Borrower. u an or any oart ot the Property or any .
<br /> � interest in it is sold or Uansterred (or il e beneficial interest in Borrower Is sotd or Nansfaned and 8onowar is not a natural person) .
<br /> � without Lenders prlor written consent,Lender may,at its option,requUe tmmediate paymant in tull o}all sums seCUred by thi9 SECUrity �
<br /> � InsWment. However,this optlon shall not be exercised by Lender if exercisA is pro��bited by tederal law es Of the date of this Secutity
<br /> � � Instrument.
<br /> � { i} Lender exercl5es this option, Lender shail give Borrower notke ot acco;eration. TAe notice shatl provide e period ot not �es9
<br /> � ' than 30 days hom the date the nOtiCe is deilvered or mSited within whiCh the Boaower must pay 80 SumS secured by this SeCUrity
<br /> Instrument. If Borrower fails to pay ihese sums prior to the expuetion of this period.Lender may invoke eny remedies pertnitted by thls
<br /> ' � � ' Security In9trument without turther notice or demgnd on Barcower. Form so2a eJSO ;
<br /> �.
<br /> ,� Ft02s.LMU(to/97) Page 3 of 5 �
<br /> �
<br /> ! .
<br />... _- . _ . . i-'-� .
<br /> - .� 702 � '
<br /> '.i ... f... -
<br /> ♦z. .(v,\Sj;'.__
<br /> . . . • . ' . ' . . • • . •. .�' .''._ .-_
<br /> � -• . . .. : . . '.. � . ` _
<br /> �` . ' . . . � - � � . _ .
<br /> :_— R'—..�:..--.-..�.-a>....`� ' ' ...a�:Y � u+.ar.a_-�qa.a�.aw�v.i. a�r;ata�r+i:=> +r� �lu.i.�.�::��:i-,.aY.Wb.an�� �- - _�-„ _
<br /> :. . .__
<br /> . . .
<br /> �' '.. . . . .. ....'.�tr�a�.'ptp'',i.' . .,C:a?4.'.`1' _ . _ .. ..=_-v'1 3i"'�'�/'"t;!!'s'F'. S'.°.a""A'g. . _. 5..�....'. ....�.f.,� ):- - .
<br /> ._ ... :::L7�:11.L.:^.R-..t-:.--�-
<br />
|