|
_.. •8?`�:+�?, � _ . ' _ . - - �� - {c__ �- -
<br /> .�...... . . - -
<br /> .�-�---`%- � • -�� - � --. -- - . ° -- . _ . .. .. . -- .- - - � -•
<br /> . . ,
<br /> _._.._.�_
<br /> , . . . .
<br /> ' r.G - ` . ' c ' .. < . .. . . . 4� 4 �r .
<br /> -s., .• . . - � o .�• . . .. . �� .'� _
<br /> .. _ �c.-. �- t �,
<br /> . ',� - -.� _ � _ �`>.. � � c _._..V. - � '_'�......t..._�— � --5�--- � r _ .
<br />. �. . . . µ ..`"- _ S�_��' _ '_ �l�..,. �.-. �_�.��_
<br />, . �..y __.._.-�.., J{! r} Z ,��,
<br /> .. �Y'
<br /> , `. . , ?.Pro4ection mf Lender's Rt�hta tn the Rroperiy. n eomower mns r� ae�o�m me ewenams end a�reements ,�.�`.t � . _
<br /> � confained� tNs Ser.vr�3Y tnsWmen� or thene is a legal proceedtn6 that may stgn�iCanM►a.�eat Lbnders dghts tn the PmPeRY(surfi as
<br /> � `� g proceeding in benkiuptcY.Probate.tor eondenmatlon or forfe8we or to eMOrce laws or tegutatlons?.th�lend�may do and pay tar � .
<br /> . ` wha�v�is n�s�yr to protecl tne va9ie af tt�e ProA�end Lenders rights in tha ProAenS+. Lendefs actions maY�ch�de paY�B � .� .
<br /> . ' In in court.PaY�g�easonabie a�meyts fses and �
<br /> ` any sums s�cured by a Gen vfileh has prtorgy ovat th�Securafr sdumen�eAD�9 .. �
<br /> entertn9 on tAe PropertY to make repatrs. A�hau9h Lender meY�e actlon unQer thfs PareS�fi 7.Lender does not have Lo do So. , •
<br /> �� My emounts d�sbursed Dy Lender under this 0�9�Ph 7 shaU became add�anal debt ot Sortower secured by tt�Ls Sec�f► �, ,
<br /> InsUUmen� Untess 8ortower ena t,ender agr� W other t�cns of OaymenL thess emounts shaD bear intarest trom the date of < <
<br /> . . disbursement et the Nots raDa end shaB be p8yab�.w8h interes�uPon notice fram I.endar to 8ortower request�9 PaY�t � , . . `
<br /> , 8.Mortgase inauranee. If lender reWtred mortgaSe Insurance as a cond$ton ot rt�akin@ tha toan secured EY thts b'ecur�y � `
<br /> , � tnstrumen� Bortower sha0 Oay the p�8m5�ms�utred to mab�tein tfle mo�a89 insuranee �n eftect- H far any�ason.the mort�Be -
<br /> h
<br /> ' ��� s: Utsutance Coveta8e�e�+ired by I.etiQer fapses or ceases M ba En eftect.Bortower sha0 pay tAe Ptemluns requUed to obtafi amrere88 . . ..
<br /> ;.-�,:-.—�� subsmnttaliy►e4uNaient to the mortga9e tnsu�ance prev*.ousty tn eftect.at a cost substantlaAY equNatent w the cost to Borrower of Ne ,. "
<br /> ,� � maRgaga§�s�a�o Pua+�lo�sN � eEfea.from en eEemate mortgage insu�er ePAroved by Lende►. If subsffintlairy e9uNa�t mortgeSe - ._ .� ,
<br /> insurance cov�rage Fs not avatabte. Botrower ShaO PaY � �Q� �h rtmnth e sum eqnai to an�twafhh of the yeartyr mortgege ' � . r�
<br /> �su►ttnce pramium being pstd by Bortower when ths Insurnnce cavera9e�sed or ceased to be tn eftect Lender wID accep�use end a.r , �.�
<br /> ' � reta�n these payments as a bss resenre tn Qeu o}mortgage insurance. Loss reserve DaYments maY no tonget be�e4uhad�at tho � ti .
<br /> < � rovtdad Ey en insuter , :
<br /> optlan of Lender. U mcrtgaSe t�s�+ra�ce coverage M �8 emount end for the period t�at t.ender requtres) P ._ _�
<br /> . . .:- aPProved by Lender eSain beaornes availabte and is obt8tned. Borrawer shaU Rs7l the premiums requhed to maintefi mortgage : '.,., <i� _ _
<br /> � � � fisuranee u� etfect. or to provide a bss resetve. unU1 the requ6ement tor mortga9a insurance ends tn mxordance wah eny wr�ten _.
<br /> ' . _ .'��� : a�yeement 6etween Borrovrerand Lendar or aPD�ta taw. ``:;��...'
<br /> ' 9.Inspectton. Lendsr or @s agent may make reasonabla entr�s uyon end hspections of the Propmty. Lender shaU 9�+ie ' `y�-,,,•-
<br /> � ,.._•,•,..:.
<br /> ` Bomnwer notice at the Ums ot or prlot to an inspection specQy►in8 reasonabte cae�se f°r the inspectlon. __-
<br /> � 10. CondemnatEon. rne proceeds ot a�y awara or c� +or damaaes. d� or conse4uenttab � �nnectton wan any r
<br /> . . : condemnattcn ar other teking of any pert o!the PropeRy,or for comreyance tn Geu ot cortdemrtaiion.ere hereby ass�ned end shall be ". ---
<br /> . • paid to Lender. � . -
<br /> : E.. In the eve�►t ot a totai tekh►g of the Property.the proceeds ShaA de aPPQed to the sums secured by this Setwr@Y InSUUrt:enti , —.
<br />-- whether or not tnen doe. w�h any exeess paid to Bormvrer. M the eva*�t ot a partial tatcu►9 0!the Property in which tAe fa(r maAcet �
<br /> vatue of the PrapeRy i�mnediataty beiore N9 tekui8 is e4ua1 to or grea:�1 4isan the amaus►t of the sums seCUrad by thTS Seaur@y , ;.:.:��.
<br /> "' InsWment immedlatety betoce the ffikhg. unless Bortawer end I.�der otfi3arise agr+ee h► wr3ing� the sums seeureA by thTs Securny , _�
<br /> � Mswment sAail be ceduced by Me emount of the proceeds mutNpfied 6y ttse fo9owfig hscdoo: {a) Ma total emauM ot the sums _ ..,. ,'.��_
<br /> secuwd immediatey befare Me taking�divided bY @)the fair market vahie of ths PraDenY �ediatety beTore the fekin8. Ar►Y bafan�e � �-�-
<br /> shaU be paid to Bortower. In the event ot a P���g of the Propsrty in which the tais maAcet vatue of the Property Immediatety ' . _}-,..
<br />�. • betore the teking is tess then the emount of the sums secured Unmedfatey betore the�� to Me sumsNSecured by Mis�e8ecur�l ' ..�.:,,�*°--
<br /> - , . : agree in�wrNng or unbss eA011cabie law othervvise providas.the proceads sha0 be app . -- '.
<br /> s' �.•�_,
<br /> • Instrument whether or not the sums are then due. ��.;y��
<br /> H the PropeAy ts ebandoned by Bomawer.or H,after not�e by Lender to Bortower that the condemnor ofters ta rtiake an award or
<br /> ',�:' ' " ' settte a ctaim for damages.Barrower(aits to respond to Leeder wfthin 30 days efter the date the notice is given.�enQer is autho�fzed i'�_�;
<br /> to�o0ect and appty tAe proceeds. at 8s opUon, edher W restaraNNen or repeDr of the Property or to the sums seCUred bY this 8ecudty - � .5 -
<br /> ��
<br /> � insuumant,whether or no!then Que. �'
<br /> Uniess Lendar and Borrawer otherwtse agrea In writin8. en1►eDP�t:on of proceeQs to prinafpal shall not extend or postpane the .
<br /> �
<br /> � due date of the monthy payments reterred to in pare9raDhs 1 end 2 or change the amount of sueh payments. -��
<br /> �� 11. Borrower Nvt Reteased: Forbearance 9y L.ender Not e Waiver. �xsens�on Of th9 ttme ror payment or ��.`.�F��:
<br /> • modification ot amoR+rBtlon ol the sums secured by this Sacur�r lnswment granted by tender to any suecesso�in tnterest ot Boaower ;`�'
<br /> - - �— � s�aD aot operate to rete3se the Ifabflity o1 the otigNBt BOrrower or Borrowers suCCessors in int0r8sb Lender shatl not be csqutr6d to _�_
<br /> � ' j commence proceedings agatnst any successor tn interest or retuse to extend ttme for payment or otherwise modHy emartimtion of the � • ::�_
<br /> , � �t sums secured Dy this Security lasUument by re8son ot ei►Y Gemand maQs by the ortgtnal Boaower or Bartowets suecessors tn . : _,'�s-`«
<br /> ' � , • . Inte(est. My torbearance by lender in exercis(ng any right or reme0y sha�not ba a walver of or preeNde the exerols0 at anY r�M or '� �.,`
<br />� . .: � remedy. . .
<br /> � � 12. Successors and Asslgns Bouna; Jofnt and Severai LlabQiQy;C�-slgnera rne covenancs end -.��
<br /> . agreements of th(s SeCUriry InsWment shaU bind and benefli the sucaessors and assigns o1 I.�nQer and Boaower. subject to the - :T=_
<br /> _ � � • , provtsions ot paragraph �7. Bonowefs covenants ana agreements shall 6e joTnt and several. Any BoROwer wtio casigns this Securityy .
<br /> ' Insuument but does no! execute the IVote: (a) is co-signin9 thb SscuritY Instrument onry to mortgage, grant, and convey that ~ �-
<br /> 8orrowers interest In the Proparty under the tertns of thls Securityy Instrumen� (b)is not personaity obltgated to DaY the sums seeured �:;,.�-
<br /> - � • by t�is Security Instrumen� and (o)agrees that lender end a�sy oth� 8oaower may ag�ee to exton8, mod'dy, fa�bear or make erry : _,.
<br /> � � � ' accommoQaUons w:tb regard to tertns ot this fiecurityr Instrument or the Note wRhout tAat Borrowers eonsent. •
<br /> �, � � ` 13. Loan Chargea It the loan secureA by thls Security Insttum9nt b subJeCt to A law whiah sets mtucimum loan Chargea, , .,
<br /> - ' � and that law Is Maly interpreted so that the interest or other loan c�ar8es cotlected ar W be coltect�d tn connsctlon w8h the loan . � . `
<br /> ' � exceed the permitted limits.tnen; (a)any such loan charges sha8 be reduced by the emount necessary to reduce the chatga to the
<br /> ���, � ' permittad iimi�and(b)any sums aVeady collecte0 from BoROwer which exceede0 pertnitted Iimits wm be refunded to Bonawer. Lender •
<br /> • � may choose to make this reiund by reducing the prtncipal owed under the Note or by makfng a direct payment to BoROwer. if e „r
<br /> refund reduces pMeipal,the reduction wi0 be Veated as a D���V�e081►ment without any prepayment charge under the Note• '
<br /> 14. NOtiC89. Any notice to BoROwer providsd 1or !n this Seeurity Instrument shaii be gHen by Qe�vering it or by ma(On9 tt by .
<br /> .' ' first ctass matl untess applicabta taw requlres use of another metAOd. The notiee ahall be dtrected to the Property Address or any . '
<br /> ` � • � other address Bortower designates by notiCe to Lender. My notiCe to lsnder sAall be gNen by flrst cle5s mail to L6ndef8 eddres9 . .
<br /> � � ' stated herein ar eny other address lender designates by�otice to Bonower. My notke ptovided tor tn this SBCUrity Instrument ahail �
<br /> � ' be deemed to hava been gNen to Borrower or I,ender vfien gken as ptovided In this paragraph. °
<br /> ' 15. Governing Lew; Severabliity. This Secutlty Instrument shall be govemed by federfll Iaw 8nd the Iaw of th9 .
<br /> , Jurisdiction N which the Property is located. In the event that any proviSWn or ctause of this Security Instrument or the Note Conilkts .
<br /> with eppliceble lav�, such canfilct shatl not eNeCt otAer provisions of thl9 SeCUrRy �nstrument or the Note whbh cen be givery eHect
<br /> without the contlicting provision. To lhis end the p�ovlslons ol this Security tnsWment artd the Note are declared to be severabte. � •
<br /> 16. Borrower's Copy. Barcower shall be given one Conlormed copy ot the Note and of tfiis 3aeurity tnsWment. • ,
<br /> � 17. T�enster of the Property or e 8eneflcial Interest In Borrower. e au or flny p8R Of the Property or any
<br /> � interest in ft is sotd or trensierred(or it e benefiCial Interest in Bortower IS sold or UenSferred and Borrower i9 not a neturel person) .
<br /> r"�. ' � without Lenders prlor written consent. Lender may.at ils option. reqube Immediate payment in tu0 01 all sums secured by this Security . .
<br /> Instrument. Howaver,this option sheli not be exercised by Lender H exercl�e Is prohibited by teQerel law as ot the date of this Securty .
<br /> � Instrument
<br /> � II Lendet exBtCises this opti0n,Lende� Sheli glve BOnower not�e ot acCele�atlon. The natite Sheli provlde a period of rto1 (ess .
<br /> • than 30 days from the date the notice is deuvered or mailsd withm wh�h the Bonower must pay all sums secured by thls Securityr I.
<br /> � ' InsUument. II Borcower fa:s to pay thoso sums prior to the explmtlon ot this period,Lender may invoko any remedies permitted by this '
<br /> � . Security Instrument wRhout turther noUce or demand on Bonower. Fo�m aoza e�eo
<br /> � � Ft02BLM0(�0/97) Fa�e 3 GI S I �
<br /> 1 `{ .
<br /> l _..�
<br /> � --
<br /> � .
<br /> ',` sea i
<br /> . .
<br /> I .
<br /> - - - - -...�.,..,qr,�..r..�.--.�`==-r^^.^.+-�:T_=-:�: _ _- �
<br /> . . . — . , - _ . � . _ . +'� .
<br />--'�. , . ... .� . , .. . - .�.. . , .. .' . � '' ,. ,- - �... _ . _ '.. . -
<br /> ..
<br /> ,• . , . .
<br /> • . . . . . :,
<br /> ,
<br /> ,
<br /> =t.,..��:,...a.�=:� . .. . �°�Ci�n==-�—r==".�ra�h�K1��'!M..�°Y�h�4�tiz-:�°+�a.. �.x=«.,._ .: ,. ,. ."....„.. .. ._.
<br />
|