HomeMy WebLinkAbout0984 uicau~r~nac,a.u~..uvr .~o..a.~.a.~.~ •
mterest Any torbearance by Lender ;n exerc~s~r.g any r~ght ar remedy sha!~ not be a wa~ver of or prec!ude the exerc~se ot any rfght or
ren~edy
Si. Successors and Assigns Sound; Jo(nf and Severai Liabitity; Co-signera. The covenan?s an0 agreemc.t~ts ot th}s
Secur~ty Instrument shall bind and benef~t the successo~s and ass~gns of Lender and Borrower. subject to the prowsions ~~t
paragraph t 7 Bo~rower's covena,~ts and agreemenls shaU be ~oint and several Any Borrower ~.vho co-sgns Ih~s Secur~ty
Instrument but does not execule the Note (a) is co-s~grnn~ th~s Security Inslrument only to mortgaye g~ant and convey that
l3orrower's +nte~est in the Proc~erly under ;he terms of th~s Se~urity Instrumern; (b) ~s not personal?y obligated to pay the sums
secured by th~s Secunty Instrument; and (c) agrees thal lender antl any oiher Borrower may agree to extend n±od~ty. forbcar ~r
make any accommodaGons w~ih regard to the ternis of this Securrty Instrument or Ihe Note w~ihout ihat Barro,ver's consent
12. Lo~n Charges. If the ioan securetl by th~s Secur~ty Instrumenf ~s sub~ect !o a law v.-h~ch sets max~mum :oa~ chargE>s
and thal law is hnally iMerpreted so that the ~nterest or other toan charges cotlected or to br_ co!lecied m connec!~on with the loan
exceed the perm~ited I:mits. then. ( a) any such ?oan charge shalt be rediiced dy !he arnoun! necessary to reduce the r,harge to the
permitted I~n~~t, and (bl any sums already c,oNected trom Boirower wh~ch exceeded perm~ited hmits w~il be refunded to Borro•,ver
Lender may choose to make th+s refund by ie.~ducinglhe pnnc~pal owed under the Noleor by makmg a d~rect payment to Borrowei If
a refund reduces princ~pat. the ~edur.hon w~ll be treated as a partial prepayment w~thout any prepayment charge undf~r the Note
13. Legi:latfon Aftecting Lender's Rights. 1t enactment ar exp~~at~on ot app~~cab!e laws has ;he effect oi rend~nng any
provision of the Note or ?h~s Secunty Instrument unentarceab~e accord~ng to ~ts terms. Lender, af ds option. may requ~re nnmed~ate
paym~nt ~n full of a!! sums secured by th~s Secur+ty InstrumenI and may ~nvoke any remed~es perrrnited by parag!a~>h 19 If Lende+
exerc~ses th~s opt+on lender shali take th~~ steps speuf~ed m ihe second ~~aragraph of ~~aragraph 17
14. NOtites. Any notice to Borro~.ver prOvidCd for <n this SeCUr;ty ir,sirumenl shail be given by delivermg it ur by maiLr.g ~t
riy t~rst class ma~i urless app!~cabte ~a.v reqtnres useaf another method The not~ce shall t~e d~recled to thr_- Property Ad~'ress or any
other address Borrower des+g~ates by nvhee to Lender Any not~ce to Lende! sha!I be g~ven by f~rs! class ma~l tolendc~r saddre~ss
stated herem or any other address Lender des~gnates by not~ce tc; F3orrov.er Any nohce provuied tor ~n !his Secuniy Inslru!nen'
shail be deemed to have been g~ven to aorrower or Lender vrhen g~vr:n as p~ov~ded ~n thrs paragraph
15. Governfng Law; Severabiifty. Th~s Secunty Insirumer± sha?i be govemeci by federaf iativ and the I~,•~ ot +h~~
. ~unsd~chon ir wh~ch the Property ~s !oca',ed In the eveni that any prov~ ~~on or cta~se of th~s Security!nstrument er the Notecontl~~±5
~;nth apph~atr?e taw sucn confhct sna~i not atiect other p~ovis~ons of lhis Secur.ty Ir~strument or the Notc~ ~.vh~ch ca~~ bey~ven e~fect
:~nthout lhe Cont!;c'.~ng prov~s~on To th~s end the prows~cns of t!!~s Secur!ty Instrument and 1he Note are declared to t~e severable
16. Borrower's Copy. Borrower sha~~ be g~ven on~ conformed ~ony of the Note and ot th~s Sec~~~~ty Instrument
17. Transter ot the Property or a 8eneflcia! Interest in Borower. "I! ~II or ~ny part of tne PropeRy nr any ~nterest :n ;s ~s
So~d ~;r t~anster~ed (or rt a benefirr~l ~nierFS! ir Borrovrer ~s so!d ~r transterreci and Bo!rov:er ~s nut a r?alurat perspnl v;~tho~:t Lende~ s
~ pr~o! •.,rRten r_onsenL Lendr~r may a? ~ts ~i~~t~~~n requ!re ~mrned~ate payrr}ern ~n fui! of a!t su!ns secured by th~s 5cc~.r~ty Instrt;rr~~~nt
I tio;lever th~s opt,on shatf not bc: exerc~sCd by Lender exercise p~eh~b~ted by federal lar~ as of the dat~ of th~s S~c+rr,?y
instr~im~nt
it Lender ex.erc~ses !h;s ;~t~t+on Lender ~,hai! g~ve Bnrro.ti~er nc•tice acce~erahon Thr not+ce sna'~ p!ov,drr a~~er,~~i ,1 n~~
~E.ss than 30 days frr3n~ ?ne date Ihe not!c~~ ~5 delrvered or ma!'E~ci w~th~n ~r:hiCh B<~rrn:~er rnust t>~y a!~ ~,!~~~}s Ser,!;!r~d by?n~s ScCUr~;y
Inslrurr,ent If Borrower fa~~s to pay ihf;s~: sums p~;or ro the exprrat±on of th~s +~er~od Lender rT,ay mvo'r,e any rer.~ed~es ~;errn~'tFrd by
?h;s Sec~r~ly Instrument ~xithq~~t Iurthe~ n~~hc~~ ar ~e?~and on B+~7rO:ver
~ 18. Borrower's RIgM to Reinstate. if E3orrowe~ rr~ee?s certam cond~t~c,n; E3orrower shal! have the nr,ht to have
enf~rcemt~r.t ot }h~S Security Instrument disCOn?ir,ued at any time ~r,or tothe ear,~~! of i al 5 days (or Suc:h o!her prr~od as a~pi+cab'e
la;y may spec.~fy for re~ns?atemenl : hek~re sa!e o' Ihe Proc;erty puisuant to ar~y ~ower of sale con!a~n. d m lh~s Sea;~ ity lr5ttume~t.
E nr 1b~ entry ot a ~udgmer.t ~nforC~ng th~s Secur.ty Instiument Those cond~tions are that Borrov:er (ai pays Len;;er _aR sums v~h~c.h
~ iher. •,uo~~!d he due urder th~s Secu~~ty instrument an~ th~ No!r• had nq ~cc~(eration oCCUrred. (b1 Cteres any det~tiit of ~~ny nth~~~
( rr~,~pn3n~S ~Jr ~9~~~rr,en?s Ic) pays a'i exp~rnses m(,tNrnd in ent;rcmg th+s Secti+cly lnstiumenl. ~ncludmg but noi fim~!ed te
i
~BaSf)nc~bl~ ~llnlftf?~ ff:f'S, ~iflrl Id) t~~r~S SUCh aChqn c7S ~Bnd~'I /f~3~' ~F?8S071%3biy requue tr~ assure that the ~~Cfl .^.f th~~ jE'CUfR'Y
~nstr,iment Lender ~ r~gh?s the Pr~;perty and Borrn~.~ei s r?b!~gat~on to F~ay the su!ns secured by thi; Secur~ty Insirume^.t sha~~
Co~!;rt~~ urCh~ng~d U,^,on rernstate+r~nt ~y E3r~r~p:sn_r thiS Se~ur~ty instru~~ieni ~nd the ~bliaahqn~ SeCi~red he~Cby sha!I rE.~n,,a~n
!~~1~~ ~ffp~i~•:e a~ nr, ar,~,~)eia!;r,n had c~r.f~.~_iireci H;r:mver. ihis ~iqht f0 re~,+~s!~tC Sh~N nOt 2,ll;ly ~n ihe case nt acce•eralion ~.ind~.,
~~~ra~t~~in5 1 3 r,~ 1
s~ ~ 561 Q~~E 981
R 80CK
Rer'ous edt~on d Ju~ 84 rc.ay Ge used 089~~9 Rey Sep Bt 116021 PC
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