|
. ... ,� . . . , . .., .. . . . . . .. . .
<br /> _ . , . - . . L . . . � f
<br /> � .�1. . ' . . C i. � . ... � � . . . ' . . � � . . ' '� ' �f' ' - _..
<br /> . ., . .��. , . _ _ � � � � � . . . .. . .. , . � ' •'i . _ �� .. . . `�..
<br /> .r [� C-_.i_ _.��,��—i,-.�..._— �.`_� ..�—____�_.._��_5_ . ' "_"'"'"�_....�� ' .:.._.r._..� ( _ _— . ._
<br /> 9�- �t���� � �� ���_;�: �_�.f,:
<br />� payments may no longer be required.at the option of Lender, if mongage insurance coverage(in the amoum�d for the period t . ,, . _
<br /> , that Lender requires)provided by an�ttsurer approved by i.ender again becomes availabte and is obtained. Borrower shalt pay • . �-�
<br /> the premiums required to maintain mortgage insurance in effect,or to provi�e a loss reserve,until the requirement for mortgage , . a-�
<br /> insurance ends in acrnrdance with any written agre�ment between Borrower and Lender or appiicable law. � .
<br /> 4. IaspectIon. Lender or its agent may make reasonable enuies upon and inspections of the Property. Lender shall give � � . � �_�_�
<br />, Borrower notice at the time of or prior to an inspection specifying reasonable rause for the inspection. . ,�, <
<br /> 10. CondemnaUon. The proceeds of any award or claim £or damages. direct or cocuequential, in connection with any • � � � , ,. �•
<br /> condemnation or other taking of any pan of the Property,or for conveyance in lieu of condemnation, are hereby atisigned and _
<br /> shail be paid[o L.ender. -;--- -_ i`: _
<br /> [n the event of a total taking of the Property, the proceecls shall be applied to the sums secured by this Security Instrument. ` . , _.
<br /> whether or not then due.with any excess paid to Borrower. In the event of a partia! taking of the Propeny in which the fair , �y�, ; , _
<br /> market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this . _,. :'z:.__
<br /> Security Instrument immediately before the taking, unless Borrower and Lender otherwise agree in writing.the sums secured by _ _ � --;�,-.:•.y .::
<br /> this Security Instrument shall 6e reduced by the amount of the praceeds multiplied by the following fracuon: (a) the total �;�-a�-.=��'::?,u�.�
<br /> : :,�:�,—:.
<br /> amount of the sums secured immediately before the[aking. divided by (b)the fair market value of the Property immediatel}• Y�-�:?;,�.;--_;_ _
<br /> before the taking. Any balance shall be paid to Boaower. in the event of a ptutial taking of the Property in which the fair ,;��'°!"_'�'�'s=�=
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the � •- =-��'��:=.��
<br /> - �f'��
<br /> taking, unless Barrower and Lender othernise agree in writing or unless applicable law otherwise provides, the procceds shall „ . __----.-__ _
<br /> .' be applied to the sums secured by this Security Instrument whether or not the sums are then due. � '.'����w
<br /> r.: �.a...--�__ _
<br /> .. a..:_:...� '- •1�—_-
<br /> If the Property is abandoned by Borrower,or if.after notice by L.ender to Borrower that the condemnor offers to make an
<br /> *•�-��'ss.r:-.
<br /> award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given, :;��
<br /> Lender is authorized to collect and apply the proceeds,at iu option,either to restoration or repair of the Property or to the sums ~=T--,�-_:.
<br /> V secured by this Security Instrument,whether or not then due. '. ��� +�� �
<br /> ``� Urtless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or `;..��;-_
<br />_ postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. �'1�` -
<br /> • 11.Bomnwer Not Released;Forbearance By Lender Not a Waiver.Extension of the time for payment or modification �' ��,� ' � s��'. :
<br /> of amortization of the sumc secured by this Security Instrument granted by Lender to any successor in interest of Horrower shall ����;, . •� r-
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. Lxnder shall not be required to _ _�
<br /> �'j commence proceedings against any succe.ssor in interest or refuse to extend time for payment or otherwise modify amortizauon - 4.
<br /> of the sums secured by this Security Instn�ment by reason of any demand made by the ariginal Borrower or Borrower's � •.M ;.:
<br /> successors in interest. Any forbearance by Lender in eaercising any right or remedy shall not be a waiver of or preclude the • �i :• -
<br /> .. exercise of any right or remedy. � - �`� �`
<br /> s y
<br /> ' 1Z. Suocessors and As53gns Bound; Joint and Several Liability; Co-signers. The covenants and agreemenu of this . • ,.
<br /> _f`;;
<br /> � Security Insttttment shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of ���` _
<br /> paragraph 17. Borrower's covenanu ar.d agreements sh a l l be joint an d seve r a l. Any Borrowe r w h o c o-s i g n s t h i s S e c u r i ty •!� •� .
<br /> Instrument but does not execute the Note_ (a)is co-signing this Security Instrument only to mongage,grant and convey that 't _
<br /> • Borrower's interest in the Property under the terms of this Securiry Instrument; (b)is not personally obligated to pay the sums i�;,;�,�,,..
<br /> secured by this Security[nstrument;and(c)agrees that Lender and any other Bonower may agree to extend, modify,forbear or �' '�� '''=�___
<br /> . make any accommodations with regard to the terms of this Seturity Instrument or the Note without that Borrower's consent. �. ^
<br /> 13.Loaa Cha�ges.If the loan secured by this Securiry Instrument is subject to a law which sets maximum loan charges. � ',;�_',
<br /> °� and that law is finally interpreted so that the interest or other loan chazges collected or to be collected in connection with the '
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the char�e �----; � �
<br /> !lPC;�: -�.;.:-�:
<br />, to the permitted limit;and(b)any sums already wllected from Borrower which exceeded permitted limits will be refunded to ��-+;. __�.i. _
<br /> • Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct �'�"• � _
<br /> paymem to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any ����..-.:�,.�.-'�_�`-
<br /> ', prepayment charge under the Note. ,J~� �� -�-
<br /> l4.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing `°�' " . ''�_ . ._
<br />_ - i*.!�;fe*s!c!2sc mail unlecc anplicable law requires use of another methad.The notice shall be directed to the Property Address � �-,�.�:
<br /> or any other address Borrower designates by notice to Lender. Any notite to L.ender shall be given by first class mail to - - � •���_-'��-
<br /> . Lender's address statetl herein or any other address Lender designates by notice to Borrower. Any notice provided for in this ,�„��/�.
<br /> . •1A' aG.u�a._
<br /> Sec�irity Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. "'r", v4
<br /> 15.Governing La�v; Severability. This Security Instrument shall be govemed by federal law and the law of the ����-�„��,��_.:• ��.,
<br /> jurisdiction in which the Property is lacated. ln the e���nt that any provision or clause of this Security Instrument or the Note �,��,-
<br /> `�s-„•-- -
<br /> . conflicts with applicable law.such conflict shall not affect other provisions of this Security Instrument or the Note which can be � ���.�_.,; �
<br /> given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared . '��' �
<br /> a��r�
<br /> to be severable. � � '
<br /> <��:1e1�d:2�='�'.
<br /> 16.Borrower's Copy.Botrower shall be given one conformed copy of the Note and of this Securiry Instrument. �• �-r, : -. �
<br /> Form 3028 9/90 ±,�4�.-�:,..
<br /> � . Papo 4 0l 6 ... _ .. .
<br /> ' _ � ..�T`—__
<br /> • • . " ' ' .. .. � . � . , ' � . .. ' � . ' �..
<br />. . . . � . � . � . - t: .
<br /> . ' . i -.. . ' ' ' � , . � • �. , � - . . . ' `� �:. .
<br /> . .. - . . ' .. .. . .� . _ ' _ ' . . . � - `�`
<br /> � � : . . , : : '� : : , . .. - . :__ . .-. -- �::
<br /> . . . .. . . . • . ' ;. ! • � '- ..
<br /> � . . _� _ __, .__---- �
<br /> .,�-.�....;;---�.�..._____ •.__.---•-._-......_�,:_t�_ _. '_.:_--,_ - - - .. . ._ � . . . . ,
<br /> . , . .
<br /> __�__ -,-. , -�-_�°�----�•--,---�-�
<br /> .•; . . . ,, .� ,. . . .• _.� ._,. . ..
<br /> . • ^� •
<br /> .. ,- . .•: . . � . . , . . . . . . .
<br /> .. . . . . . .. ... . . . . , .
<br /> ' . . .4• . . _' . - ' .... � � � ' ' - . . � . . . ' �"' .. � - ....
<br /> - •, . - . . . ' -• ' � • ' 7.•' . � • ';l� Rn �. ' . �T ' . . � . . �ii' . . .. .(�.
<br /> . , �. .i i.- � � ' � '` . .., _ 1.' � . _. � _.� `- . _. .. . ... .. . .. .. • • � - .. i ' . _ . . � .,�. ' _. _ ' . • . � ..�. ` �
<br />
|