|
� .. . . . ' . . , t . ' .. . � � - � a `�._
<br /> � 1' _ ' ' , . ... ' . � ' . . - � . , . . ..,f � � •. `y . __
<br /> �' ' - . . .. f .. .�. t , ' ' , ' a ` _ . . � < ,, . ,'�`., � , •_
<br /> .. � .. ' � ` ' . . � . . ` . . .. ; . , -'�.
<br />� � e . . . . - ' - � '
<br />� . " . _ . .. . .
<br /> . _ . . �_ _ _' . .
<br /> . . .' - - . . . . .
<br /> . .
<br /> e� � , -. . . . �. � • .. . . ' . _""_._..._..—.. ..— . ..�.a_. _'_'�`_ . . —
<br /> �
<br />. � ,, .. . , , t ! �
<br /> � u _ " "—""'__.. . . . .i ... . _ • . . ..._'_'_.. . t .
<br /> �a� �����.�� � , � ,. �-
<br /> payments may no longer be n.quired.st the c�ptiun��f Lendcr,if mortgage in,uranrr cuvrr.�ge�in the amount and for the penvd • ' _ ,., .
<br /> that I.ender requireti)provided b}•an insurer apptu��tJ by iw:nder again bc�ometi acxilable and �.obtained. Born�wer Shall pay , .
<br /> � the premium�reyuired to maintam mungage insurancc in effert.ur tu pro��idc a lu+�re�:n•e,until the reyuirement fi�r mongage , , -_
<br /> � insurance end+in acconlance with any written agrcement hetween Bnrcower and[xnder or applicable la«.
<br />:� 9. Itupertion. Lender or its agent ma�� malce rc�asonable cntric� upon and in�pectiun�of the Propeny. L.ender+hall give
<br />��� Barrower notice at the time oi ar priur tu an inspection specifying rea�onable cause for the in�pecuon• . _�_ _ _ ____ ____ _
<br /> t I0. Cotsdemnatiaq. 'Che procceds nf any xward or claim for damage�, direct or consequentizl, in conneceion with any �
<br /> i condemnation or other taking of any part of the Propeny.ur far wnveyance in lieu o f con demna[iun, are hereby as+i gnexi and � �.
<br /> �� shall be paid to Lender. ' ' �� �,� ;
<br /> � In the event of a[ota!taking of the Property.the proceeds shall be applied[o the sums secured by this Security Inctrument. , . __ �:
<br /> '� whether or not then due. with any excess paid to Borrower. In the e�ent of a panial[aking uf the Propeny in which the fair :�. _�..•.�
<br /> market value of the Property immediately before the taking is equal to or greater than the amount of the sums�ecured by this '_.,����
<br /> �.
<br /> �'� . . � � '^�� `.
<br /> Security Instntment immediately before the taking,unless Borrower and I.ender otherwise agree in writing,the sums secured by _
<br /> this Security Insuument shall be reduced by the amount of the proceeds multiplied by the following fraction: la) the total -���"-''_���
<br /> :-.y'___
<br /> amoun[of the sums secured immediatety before the taking, divideci by (b)the fnir market value of the Property �mmediately _ ..;. ;,�-�_�
<br /> before the taking. Aay balance shall be paid to Borrower. ln the event of a parzial taking of the Property in which the fair •:��"�`��;,`_
<br /> market vaiue of the Property immediately hefore the taking is less than the amouat of the sums secured immediately before the . . ,,.�.---,,� _
<br /> taking,unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise pmvides. the proceeds shall �. _ ��,;�
<br /> be applied to the sums secured by this Securiry Instrument whether or not the sums are then due. . �•. � ��' �
<br /> If[he Pmperry is abandoned by Barrower.or if,after notice by L.ender to Borrawer that the condemnor offers to make an �•�*.��:,;;_
<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 /> 'r Lender is a�thorized to collect and apply the proceeds,at its option,either to restoration or repair of the PropeRy or to the sums
<br /> secured by this�ecurity instrument,whether or not then due.
<br /> xtend or T ��# �
<br /> � Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not e , , �
<br /> - postpone the due date of t4te monthly payments referred to in paragraphs i and 2 or change the amount of such payments. .^ �,' - : .-
<br /> I1.Borrower Not Released;Forbearance By Lender Not a Waiver.Extension of the time for payment or modificacion ,�,;;••=
<br /> of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> . not operate to release the liability of the original Borrower or Bonower's successon in interest. Lender shall not be required to • .� ;
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortizaaon ^ �
<br /> of the sums secured by this Security Instrument by reason of any demarid made by the original $orrower or Borrower's .���� _
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the � . : 1
<br /> exercise of any right or remedy. "`�� - ,��;�
<br /> � 12. Successors aad Assigns Bound; Joint and Several Liability; Co-signers. The covenanis and agreements of this _ .lt
<br /> Securiry Instrument shall bind and benefit the successors and assigns af Lender and Borrower. subject to the provisions of _ . �� i�_
<br /> ara h 17. Borrower's covenants and agrecments shall be joint and several. Any Borrower who co-signs this Security �,
<br /> P BT�P
<br /> Instrument but does not ezecute the Note: (a)is co-signing this Security Instrument only to mortgage, grant and convey that .,��,�_-
<br /> Borrower's interest in the Property under the terms of this Security Instrument: (b)is not personally obligated to pay the sums ;,;�
<br /> secured by this Security Instrumenr,and(c)agrees that C,ender and any other Borrower may a;ree'to extend,modify,forbear or ���
<br /> make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. -- ,--
<br /> 13.Loan Charges. If the loan secured by this Security 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 charges collected or to be collected in wnnection with the •-+� _ •
<br /> loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge _
<br /> to the permitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to °-- . .
<br /> Borrower. Ixnder may choose to make this refund by reducing the principal owed under the Note or by making a direct •'.S�_� �,��
<br /> payment to Borrower. Tf a refund reduces principal, the reduccion will be treated as a partial prepayment wiihout any • —�°��'�`-�_ -
<br /> prepayment charge under the Note. �l "
<br /> ?'���
<br /> 14.Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering il or by mailing •`•��ri+'��;`' ---
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address �:��,��:�:::—
<br /> or any other address Borrower desi nates b notice to L.ender. Any notice to Lender shall be given by first class mail to '�!���-�-�y�=��.�:-�
<br /> g Y iaem.�^�ci---.�,.�,_:�
<br /> l.ender's address stated herein or any other address Lender designates by notice to Bonower. Any notice provided for in this � ,.. 3
<br /> Security Instrument shall be deemed to have been given to Borrower or Lender when given ati provided in this paragraph. °�����`rt"
<br /> 15.Governin� Law; Severability. This Security Instrument shali be govemed by federal law and the law of the .<�.F,:�-�=� __
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or[he Note '����:°�.�"t;,;-;,;'
<br /> conflicts with applicable law.such conflict shall not affect other provisions of this Securiry lnstrument or the Note which can be '`-i���•'�;�=��.��
<br /> ..�?.�.,.�...-�i,.•.,,::'—.
<br /> given effect without the conflicting prrnision.To this end the provisions of[his Security Instrument and the Note are declared ':.;,••-..-:Mri,:k'k... —
<br /> �_ .; .
<br /> to be severable. �
<br /> 16.Borrosver's Copy.Borrower shall be given one conformed copy of the Note and of this Security Inctrument. • . —
<br /> Form 3028 9/90 • ' •
<br /> Pago 4 of 6 �� � . • �_ ' ,
<br /> � � .. . ..
<br /> T._._ _....���.»..�.—_._�__'._.�_�,.. . . ' '_ _
<br /> . . --�. - . . . _.._ ._..._.. ..._"_ __ _' ' '_ __
<br /> �__ .� _. . . . .. . . . .. .. . . . ... .""'_�__—"""—"_'_'_'_"_� . . ._._._...._.____-__—__—_—_.
<br /> . . . .. . ....� . .... . .
<br /> - � � , . _ . . . . � - ' �i
<br /> � , ' � � • • . . ' • � �.. . � . . _. 1' .
<br />. . • ' ' . ' .�.�. .—- �---:—•—.�•�T'_�':_....._'^"_"—_."
<br /> � � . . . . ' � � ' � ... . . � . • _- ` ' . � . .
<br /> _ . . _ t _ . ' . . • A•� • . _ . . . . . • „ � . ' •. - .. -
<br /> . . . • r' - . ' • �. . . . '. . �g�j:� .v . .
<br /> _ ' i• ' ' � - � � o _ . .
<br /> ' . ' � . .tr�� . . _ . ��).. . _ . . _' ,. • �.. _. . � ._. _ . ` . ' .. . .. . -.i' � . • � ' . . . �
<br />
|