|
' . '.' . ' • . . " . Y , ,�.L ` ..,,�=�
<br /> . ' ` • . , . ..r < , t
<br /> � . , ` . .'�-�--` -- - -- i:t -
<br /> � . . � : ' . . -; --,-• -. '---= ii;..'°
<br /> . . . , • • _._ :� - __
<br /> . . . . . . , < < � s
<br /> .. . � . . . ' � . S � � � , � ' • . � . . . I-
<br /> , __._ . . ... . _._. . ..��...�.�. -. . ' ... . .. . i . . . . .;�
<br /> .� f .
<br /> r -
<br /> : � ��a„ ��s�o� �. : �. , f�-:_
<br /> �#T-
<br /> payments may no longer be required,at the option of I.ender,if mortgage insurance coverage(in the amount and for the peiiod � . , , , —
<br /> tY�at Lend�requims)provided by an insiuer appmxed by Lenda again becomes available and is obtained.Borrower shall pay the . .
<br /> preminms required w maintain mongage insurance in effect, or w provida a loss reserve, until the requ'uement for mortgage • ��
<br /> ,n�,�+nce eads in 2ocordance with any wriuen agreement between Borrower and Lender or applicabte law. ; ' ,
<br /> 9.Inspection L.endea or its agent may make reasanable enuies upon and inspeciions of the Property.Lender shall give � . ,
<br /> Borrowrx notice at the time of or prior w an inspaction specifying reasonab4�c�for the inspecdon.
<br /> 10.Condemnation. 'Itie proceeds of a:n award or claim for dam�„-es, daect cz consequential, in conuection wiih any ' - - - � --�$
<br /> i condemnation ar other taldng of�y garc of�e Property,cr for conveyance in]reu c:condemnarion,are heaeby as.signed and . • ••�.. *�_.
<br /> 1 shall be paid tn L.endea. i . .;�-
<br /> j In the eveait of a total raking of the Property,�he procceds shall be applied oo the sums sec�d by this Security incm�.,,Pn�, � , ;. . , '. ' .;—.--
<br /> i whether or not then due.with an excess d to Borrawer.In the event of a tagin of rhe eri iii vn`dch ihe fair mar'�x � �--- - -=--�
<br /> Y Pai D� g �P Y r :-----,—.-' :`� �
<br /> ' value of the Property immediately befon the taking is equal to or greater than the amonnt of the swns secured by this Seciuity � . .. ::�;_���._°-�
<br /> ' Insunment immediately before the qking, anles� Borrowea and Lend�oiheawise agFee in writing, the soms secnred by this ; . • : _
<br /> � Sec�uity Insuurneni shall6e mduced by the amount of the proceeds multi�lied by the following fractinn:(a)the total amount of . b'���. � �-�- -
<br /> • the sums seturcd immediar,ely hefore the taking,divided bY (b) the fair market value of the Property unmediately before the , • . '�
<br /> � talcing.My baiance st�aaU be paid tn Borrower.In the event of a paitial taking of the Property in a h i c h d ie fair m a r l cet v a lue o f t he � `�--�:'•r..
<br /> s u �.:�:�
<br /> Property immediately before the taking is Iess than the amount of the sums sec�red immediately befare the taking, nnlesg . ��..�.��-��
<br /> Boaower and l.eader othecwise a�ree in writing or unless applicable law otherwise pmvides,the ptoceeds shall be applied tn the . •. ` -- ;r•��;�.::
<br /> sums secured by this SecUrity[nsuurnent whether or not the sums are then due. � ' n
<br /> uu
<br /> � �,-�---
<br />� • If tAe Property is abandoned by Horrowes,or if.aftcr notice 6y Lendcx tn Borrower that the condemnor offers to make�nn • ,' ,,� : .
<br /> ` s�ward or seWe a claim for damages,Borrower fails to eespond to l.ender within 30 days aftea the date the norice is given,Lender ,� ��T,•��y�;`�
<br /> . is sutitorized to wllect and apply the proceeds.at its option.cither w restorafion or repair of the Property or to the sums secured �£'-:
<br /> by this Security lnsuument,whethcr or not then due. '
<br /> � �,' Unl�.cs Lender and Borrowex othe�wise a�ee in writin8,�Y aPPlication of proceeds to principal shall noi extend ar posKpone � . � �.��_-� _
<br /> r a e ` . ��t�
<br /> the dtse darc of the manWly payacents refe�red tn in paragcaphs 1 and 2 or change the amount of such payments. ' � ��`��' �
<br /> 11.Borrower Not ReteasRd;Forbearaace B Lender Not a Waive�. Extension of the time for eut or modifir,a6an ' �� ` " '
<br /> ,.} � P�Ym � �,.' , ' .�
<br /> of amortizalion of the suuos sec�red by this Security Insinament granted by Leades to any successor in inteiest of Bormw�sball j . , '�,�.�
<br /> not oper�ete w release ths liabi}ity of the original Borrowea oz Bonower's successors in intcrest Lender sLall not be required to ' ,y� `
<br /> r.
<br /> .. c o m m e n c e pmceedi�gs aga�.st a ny y u c c e s s o r i n;n n e a e s t o r r e f u s e t o e x t e n d w n e f o r p a y�u t a r o t h e r w i s e m o d i f y a m a�r t i�a t i o n o f ; .�`;:`��.� ., �:�� '� —
<br /> �
<br /> � the s�uns secured by this Seauity Insm�ment by reason of any demand roade by the ori��..:1 Borrowea or Bomowea's successors ����'� -'��� �;
<br /> ; in interest Any forl�earance by Lender u�exes�ismg any right or remedy shall not be a�ziver of or preclude the exercise of any r:,�
<br /> � , 'i �
<br /> • Il�lt OI ICJRCdjI. ' • • '"� - �f —
<br /> 12.5acteswys asd c��,Boand;Joint and Several Lia6�7ity;Co-signers.The coveuants and agreeme,nts of this • .�:`"�' �� •
<br /> ._r::.• .:�,�. ..,;.
<br /> . ,:t.. . . '. __.
<br /> Sec�uity Iastmmeat shall bi�d�d bene6t the successois and assigns of Lender and Borrower. subject to the provisions of ..;.::K�. _ ,:.f�` _
<br /> paiagraph 17. Bomower's co��ts and agreements sGali be jo�t and sev�al. My Bormwer who co-sig�s this Sean�ity E�.,.
<br /> sa y,�
<br /> Instrument but does not eaecxne the Note: (a)is co-signing this Securiry Insorume,nt only w mortgage,g�ant and convey that _ ��y°
<br /> Borrower's inteaest in the PrQperty under the tams of this Security Insuumen�(b)is not personally obligatted to pay the sums • ��r�-�
<br /> s�uretl by�his Security r.,�,r�fi and(c)agrees that I.ender and any other Boimwea may agree to extend,madify.forbear or Y~ - �"�-:%`"�."�'
<br /> make any aa;ommodations wirS►�gard to ihe terms of this Secarity Insuument ar the h¢te withoni that Borrowea s consent ��'�:,�,z,`,
<br /> , .'y... -
<br /> , �?_:
<br /> 13.Loan C6arges. If t��an secured by this Securiiy Iusuument is subject t�a law which sets maaimum loan charges, .-'";:
<br /> T�, -.�.
<br /> and thai law is finally u�te�pretesi so that the ncnserest or other toan charges colleaed or to be collected�conaeqion with the loan . .�� �
<br /> `�' ' 1hen: a an sucfi toan c e shaU be reduced b the amQUnt n w reduce tl�e chaige w the ' ��,.
<br /> exceed the peanitted l�mtts. () Y �B Y �Y �
<br /> p�iued limi�and(b)any sw-�s already roltecxed from Bmrowea which exceeded pe�sr.�ed limits will be refuaded m Bormwer. • . • . .:r`
<br /> Ler�er may choose to make this refund by reducin tue c� al owed under the Notc or b malcm a direct ayment w `'� i t`�"'-�'_�
<br /> S e Prin �P Y B P • :.�;�'''.
<br /> Boimwer.If a refund reduces principal,the reduction will be ueated as a paraal prepayment without any pre.payment c6arge _,_,,�;;���'
<br /> ��*..._
<br /> undea the Note. � �., .:°;:.
<br /> • 14.NoBces. Any no�ccae to Boirower provided for in this Securiry Inswment shall be given by deliverisig it or by mailing it . : .�=":�-�
<br /> ae
<br /> by first clas5 mail anless ap�Ii�le law requires use of another method.'Ihe notice slzall be directed tn the pro�e,�ty Address or � - � ' �
<br /> any othea address Boirower d��nates by nodce tn Lender. Any ao6ce to I.ender ' be given by first ctass mail to Lendea's : � � �
<br /> address stared haein or any a'�e�address LendPa designarES by nodce to Boirow�. Any nouce provided for in this Serurity � - , .
<br /> Insttument shall be deemed w have beea►given w Borrowea or Lendea when given as provided in this parag�aph. . , � ,
<br /> 15.Governing Law;Severab�ity. 7bis Secucity Insora�ment sball be goveaned by fed�al law and the law of the . • , _
<br /> jurisdiction in which tae Pmpe�ty is located. In ihe event that any provision or clause of this Seauity Instrument or ihe Note :. � ' _`
<br /> conflicts with applicable taw,snch contlia shall not affect other provisi�ns of this Seciuiry Inswment or the Note which can be • .. � • _
<br /> givea�effect withont the conflicting provision.To this end�he provisions of this Security Instrument and the Note are declared tn � . �� �'
<br /> be sevelable. � � �
<br /> � .
<br /> �
<br /> Form 802s QI�O j • � � . —
<br /> . j �-�R{N�1�2t2).0� Pap��ot8 �nrtuu. . I . _ .
<br /> � �•
<br /> �� �i . `'
<br />� �__•.._._."-•- --. ..... . . . ._ . . _. ._..._._. ... . _.__. ._ .._ .._.--'.._. . ,._.. ., . _ .� -- -- , � � �
<br /> � .. . , . . . _ . . •\ ti:
<br /> . , 1
<br /> - � . � - � � ��.;
<br /> . . .. . ' 'i
<br /> � . � .
<br /> . . �.
<br /> ' . - � . ._ :"""'_" ."' "' . . _ , ., . . ' �.
<br /> ' � ' ��..--��— � ' ���.
<br /> . . . . �..-+• , - • •�'I _ _
<br />. -' • � .• ' . • . .. �—.� . � , .� � - . ' . � •. .. � lf •. . • . �4. � � ', '. ' �
<br /> . . . . . . - ' .F �vl t
<br /> . .. . . .. . . .. •1r . .� _ ... � . . . �r� .. •.d� ' .. - , � ' .�.'� • . '. . • . �. - � . .. . .. . 1. ., . __ _ , .
<br />
|