|
.. . �> � : �:
<br /> . � , , • , < < . —
<br /> , . . . ,
<br /> � , � , . . . .. - ! - . �
<br /> . _ 97�° �(3�1 � �
<br /> � e o tion of I.ender,if mortgage insurat►ce coYerage(u► the amount and for the period , , . • • ,
<br /> PaYments tnay na longet be tecNired.at ih p vefl by Lender again becomes availabte and is obtained.Borrower shall pay the , . _
<br /> tbat I.ender recluues)Frovided by an insurer aPP� eat for mortgaSe . ,- •
<br /> ' premiums reiluired tn maintain mortga8e insivance in cffect,or w provide a loss rescrve, until the requirem .. `
<br /> writt�n agreement between Bormwei and I.ender or applicable law.
<br /> insarance ends in aocordance with any make reasonable entries upon and inspectians of the Property.I.ender shall give ; . �
<br /> 9.Inspection. L.ender or its agent may �asor+abie canse for t�e inspectioa . ,i
<br /> Borrowra nodce�t the time of or prior to an insPecuon specifYu►S - -- -- _
<br /> 10.Condemnation. The pcoceeds of any award ar claim for damages.d'acct or consecluenti�al, in wnnection with any ' _
<br /> condemnatian or other takin8 af anY P�of the PropereY.or for conveyance in lieu of condemnanon.are hereby assiBQed and ;
<br /> shall be paid to Lendea. �e p����applied w the sums secured by t�is Securiri I�ent, ' . , . ,
<br /> In the event of a total takin8 of the Protsert5'. of the Propert5'in which the fair market � . •
<br /> whsther or not then due,with any excess Paid to Borrower.In the event of�P�e a�mount of the sums secured by this Security • '
<br /> � value of the Properiy imrnediatelY before the taking is equal to or greater in�vritiag, the sums secured bY t� � . . _
<br /> Insuument immediatelY before the taking, unless Borrower and mu�l ��e� �g fraction:(a)the total amount of ' •
<br /> S�ity Insuwnent shall tse reduced by the amount af the proceeds aP� unmediatelY before the , ... : ,. ,. .
<br /> 3 the sums sec�ued immediatelY before the talanS,divided by(b) the fair market value of th�e�p�Y fair market value of ihe :--:�,��
<br /> of the P�operty� �fore the takin8, unless � •'• �r.=-�:;�:-:
<br /> ,d takin8•AnY balaace shall be paid to Borro�eless than the amount�o th�e sums secured immediatelY i � � .
<br /> ai .
<br /> property immediatelY before die takinS a hcable law otherwiss provides.the Proc�ds shaU be appGed to the . .. ':: _'^
<br /> m writing or unless PP� � �
<br /> Borrower and Leuda otheswise agree' , _
<br /> sums secured by ihis Sec�nrity Instrument whether or not the sums are then dae. , ,_ --
<br /> If the PropenY is abandoned by Borrower,or if,aftc�nd t�o I�.eynd�er d uh�30 d�ays�afte�r the d e th ott is Si o�d�T . . . .. ' _
<br /> award or s e u t e a c l a i m f o r d a m a 8 e s,B o n o w e�r f a�7 s t o c e s p o o f t h e P r o p e n y o r t o t h e s u m s s c x a r e d � . ``�-i'
<br /> is au t h o ri z e d t o collect and apply the proceeds,at its option.either w restoration or repair , 't�,
<br /> by this Security Insuument,whether dr aot then due. Hcauon of proceeds to Principal sha11 not extend or gostpene � � , . . �.��.
<br /> Uuless Lender aad Boirower otheern+ise agree in writing,anY aPP �
<br /> r.�'s
<br /> � th�due date of the monthly payments refe,md to in P�S�P�1 and 2 or change the amount of such paymenis• , ��'
<br /> Leader lYot a Waiver. Extension of the time for payment or modificarion � ; ,�:;,..
<br /> .. 11.Borrower Not Released4 For���ty�S��t g�nted by Lender to any successor in inteaest of Borrower si�all ' -
<br /> P1 : r�.
<br /> � of amorti�tifln of ihe sums secured by ` •
<br /> not operate to release the liability of the original Boxrower ot Boaower's successors in interest Lender shall not�I�n of • `� ' `_
<br /> . commence p���aS�aIIY successor in interest or refose w extend time for payment or otherwise modify .} � >
<br /> the swns secured bY w�s S��ty��ent by reason of any demand made by t6e original Bormwec or Boaower's successors _ .,:;_� a.� -
<br /> in interes�pny forbearance bY LendeT�n e���g any right or remedy shall not be a waiver of or preclude the eaercise of any ;} .`_
<br /> right or r�anedy. Bonad,Joint and Several Ltabitity,Cn-sigaers.'It�e covenants and agreements o3' this •., .`° ,'!,,�et.'L• .
<br /> 12.Successore and Assigns of Lender and Borr�wer. subject eo tlie provisions of � z_,�. � 4 r. , . _
<br /> • �.:� .. .
<br /> Security Instmment shall bind and beuefit the successors and assiSus Borrower who co-signs this Seauit5+ :---��� , 3
<br /> . p�h 17. Boaower's covenants and agreements shall be joint and sevetal. Any t and conv that '��'
<br /> • Instrument but does not eaecute the 1Vote: (a) is co-signing this Security Ins�rument only w mortgage,gcan e5' :: ' - . ,,._
<br /> ' under the teims of this Security Insirumen� (b)is not personally obligated w pay the sums . '�;:.�, .
<br /> ' ' Bom�wea's interest in the Propaty that Lender and any otlYes Borrower may agree w extend,modify,forbear or ;�,;.. , �..—
<br /> ��by�gecurity Ynsuument;and(c)agrees
<br /> maSce any accommodations with regard to the temis of this Securit3+Insuument or the Note without that Borrower's conseret - .,;.�. •:�..,-
<br /> 13.Loan Charges. If the loan secured by this Security�c�ges�colla�te�dtor to be coll�cected in co�nn�ti an'th die oan ,,�,. ---.-
<br /> �•. ti and that 1aw is finallY i�t�P��so that the interest or � _ _ __
<br /> ? exceed the pamitted limits,then:(a)anY such loan charge shall be reduced by the amo�����fw►ded to�g�rowe,re ����.` _.
<br /> . permitted limix and(b)anY�aLreadY wllected from Bonocver wtrich exceeded pem►'
<br /> �' ' Lender may choose to make 4his refurtd by reducing the principal owed under the Note or by making a direct payment w '�-� :xj�►�rA-:
<br /> a ent without anY PrePaY�ent charge rY,,�...�_�:. .
<br /> Bolrnwer. If a refund reduces PrinciPal,the reducaon will be treated as a partial P�eP Ym �''���a —
<br /> und�ihe Note. , •,.,:
<br /> 14.Noticea AnY notice to$on°Wer provided for in this Security Instrument shall be Siv�by delivering it or b Ad��or '�•������
<br /> ,,�•,;. by first class mait unless aPPlicable law requires use of another method.The nodce shall be directed first class mail to Lender's . : :.,.�� -
<br /> anY other address Bomowea designates by notice to L.ender.Any nouce to Lender shall be gi en by ° +A�,. °
<br /> address stated herein or any other address Lender designates by notice to Boaower. Any nonce Provided for in this Securiry :
<br /> Inswment shall be deemed to have been given to Borrower or Lender when given as provided in this P�9�Ph• . ��
<br /> ' I5.Governing Law;SeverabilIty. 'Ihi9 Securit5+ Insuument shall be govemcd by federal law and tha law of the .
<br /> jurisdiction in which the Property is located.In �e event that any prowsion or clause of this Secnrity Insuument or the Note _
<br /> contlicts wit1�aPP1����w•such c°nflic�shall not affect other provisions of this Security Instrument or the Note which can t�e
<br /> • . given effect without the conflicdng provision.To this end the provisions of this Security lnsuument and the Note are declared to
<br /> •� . _-
<br /> � be severable. .
<br /> i Form 3048 9/90 ,
<br /> � �,i tmuals: , , .
<br /> �-eR(NE)�9x�zf.oi aae.�o�e , . . . . .
<br /> �
<br /> . .. ._.___.___--
<br /> --. ...__ ,
<br /> , .-.... .. .---- -
<br /> ---°--..__-----•----— • .
<br /> . . . �
<br />. .
<br /> - - --_- - -- - -_.. ..
<br /> ... _-- - - .
<br /> � � � "' � � __ � .,_ — .fw.--.,�-'—�- - .�._.r F.�.
<br /> �.,, ' � � � � . , .` �' . ., ' , . ., � �. . .. ' � � , . .. .. .�_�,
<br /> . . ., .. . . . . . . . . . . , . . . . . . .
<br />
|