HomeMy WebLinkAbout0923 A~iy arn~ ~,n+ls c!~St „~sc~~f ny t c~n~f~~~ :,r~~;er tn:s;~aragraph 7 shaU becc,nur aCdil!unal ~r.bt o! Eiurrower secureU by this ~c?cunty
~r~strui~~cnl Un~ess Ei~rr~~wer tlr~~ l i~nc7~~r ayret+ W UthNr ter~ns of paymenl, these amounts shali bear ~r•~terest from ihe date ot
:.sb;,rsemen! at the N'vte ~,ite arc; shali puyat:lr~. w~th ~nterost, upon notice from Lender to Borrower request~ng payment
tf Lerider reqi;ued murtgaye ~nsurdnr_e as a car~~liUn ol mak~ng ihe loan secured by th~s SeCUrily Instrument, Borrowor ShaU
,~,~y lhe prem~unis ~eyuued to m~+~nta~i~ ihe insur~3nce ~n effeCt unUl suCh time as the requ~rement fUr the ~nsurance term~nates ~n
i~.curdar.ce w~th E3orn~wer s and Ler~~fer s wr~iten agreement ~n appl~cable law
8. (ns~fectfon. Lender c~r its age~t may mahe reasona~le entnes upon ~nspect~ons ot the Pr~pe~ty Len~er shall give E3orrower
!:i~t~ce at the t~nx~ of ur pnor to ai~ u,sueci~un spec~fy~ng reasonabie cause tor the ~nspect~on
9. Condemnation. The pioc.eeds of any award or cla~m for damages, d~rect or consequenlial in connect~on w~th any
c;~ndemnat~on or vtner t.i+,~r~~y ,if ~~rr~r ~,art ~~f tne Pruperty, or for conveyanCe in I~eu ut Condemnat~un, are hereby assigned and shall
t~e ~~~id to Lend~r
In the event of tuta~ !aM ir.y ~:f t'~~ F'roperry, the proceeds shali be appi~ed to the sums secured by this Secunty Instrument,
,~netner or n~t ~t,~~r, d;,e .v:tn any cr,ccess pa~d to Berrower In the event of a part~al tak~ng of tt~e Property, uniess Borrower and
; ander otherw~se agree ;n wr~I~ny the s~rns SeCured by th~s Security instrumQnt shall De reduced by tt~e amount ot the proceeds
-nultipli~d by the tolfu~r~~~g frac;i~on ia; tne to!al amount ot the sums secur~d ~mmed~ately betore the tah~r,g, d~v~ded by (b) the fa~r
~~~ar?cet value ot ine P~oper+,y ~mrned~ately belor~ the tak~ng Any balance shall be pa~d to 6orrower
If ;he Pruperty ~s abandoned by Borrower, oi ~1, after nohCe by Lender to Borrower that the condemnur oHers to make award or
settle a cia~m lor damages, Bonower fa~ls to respond to Lender w~th~n 30days after the ~ate the nobce ~s g+ven. Lender ~s authonzed
;u coliect and appty the proceeds, at ~ts opt~an, e~ther to restorahon or repair of the Property or to the sums secured by th~s Secw~ty
!nstrument, whather or not then due
Unless LQnder an~ Borrower otherw~se agree ~n wneing, any applicat~on of proceeds to pnncipal shalt not extend or postpone ;
~^e due date o1 the monthly payments referred to ~n paragrap~s 1 and 2 or change the amounts ot such payments
10. Borrower Not Refeased; Forbearanct By Lenda Not a Wdver. Extens~on ot the t~me for payment or mod~f~cat~on of
amort~zat~on ot the sums secured by th~s Secur~ty instrument granled by Lender to any successor ~n ~nterest oi Borrower shail not
oaerate to release the I~ab~l~ty of the ong~nal Borrower oi Borrower's successors ~n ~nterest Lender shail not be requ~~ed to
commence proceed~ngs aga~nst any successor ~n ~nterest or refuse to extend Ume fo+ payrr~rii or otherwise modify amort¢ation of '
?ne sums secured by th,s Secur~ty Instrumens by reason of any demand made by 2he ong~rai Borrower or Borrower's successors m ,
nterest Any torbearance by Lender ~n exerc~s~ngany r~ght or remedy shalf not be a waiver of or rec~ude the exerc~se of any nght or '
~emedy
11. Successors and Asslgn~ Bound; Joinf and Severtl LiablUt~l; Co-Siyn~n. The covenants and agreemEnts ot th~s Secunty
~~~strument shaii b~nd and benet~t the successors and ass~gns of Lender and Borrower, sub~ect td the prov~s~ons ot paragraph 17.
t3orrower s covenants ard agreements shail be ~oinl and seve~al Any Borrower who Co-s~gns th~s Secunty lnstrument bu! does not
~-xecute the Note (aj ~s c~-s~gn;ng tn~s Secur~ty Instrumer.t cx~~y to mortgage, grant and cortvey that Borrower's ~nterest in the
~ F=-:~perty ur.der the terms ot tn~s Secur~ty Inst~ument, {b1 ~~s not personally obl~gated to pay the sums secured by tn~s Secunty
~ ^s;~ument and ~c ~ agrees !hai Ler.der ard any other Borrower may agree to exte~d, mod~fy, forbear or make any accommodahons
€ ~,h re~ard tne terms of tr.~s Sec:~r~ty Instrument er the Note without that Borrower s canser,t
E 12. Loan Cha~yes. ~f tne iuan sec~:red by th~s Secur~ty Instrument ~s sub~ec! to a!aw wh~ch sets max~mum !oan charges, and that
f ,~w .s f~na~iy ~nterpretec s~ t~at tr.e ~nterest or other loan char~es collected or to be coliected ~n connect~or, w;th~ the loar. exceed the
~ .~•-n;,ttea ~~m:ts ther. ;a; a~,y x:c?~ ioan crarge shaU be reduced by the amount necessary to ?educe the charge to the perm~tted
~ an~ ib~ any s.~~s a:rea~7y couected from Sor!ower wh~ch exceeded ihe perm~tted I~mrts w~ll be refunded to Borrawer Lender
€ •~y cro:;se t~ rrdKf~ '!'iS -e';,~ c: C•: reou~~ng tne pr~nc~pal owed under the Note or by mak+ng a d~rect payment to Borrower If a
E ~~•`_;n~ reCuces pr~+~c~pai trN red:.,ct~on w~!~ be treated as a pari~al prepayment w;th~ut any prepayment charge ~nder the Note
~ 13. Legislalion Aftectng Lender's Rig~hts. It enactment cr er,p~rat~on of appi~cable Iaws has tne effect of render~r,g any prov?sion
~ !?t;e Nt,te or ;n;s Ser_,~:,y instrument ~,ne~forceable accord+ng to ~ts terms. lender at ~ts opt,or,, may regwre ~mmediate payment
~'u;~ ot a~t sums secureC by !~~5 SeCunty InStrumen! d~~d may ~nvoke any remed~es perm~tted by Uaragraph '9 It Lender exere~ses ~
f ''•i op!:;;r,. ~en~;er sr~ai; ta~+; ~~e steps s~eut e~f ~n the second paragraph of parag;aph t7
j 14. Nolites. Any n.~I+ce ~0 8orrower prpv;de~7 fof ~r. th~S SeCUr~ty instrument Shail be g~vEn by de~:venng !t or by ma~l~ng ~t by hrst
~ ass ma~i u~~ess app,,caG~e iaw req~:~es use ~f anomer method The not~ce sha~i be d~recteQ ro ttie Property Address or any other
~ 3~~ss Bo~rower ~es~gnai?S by ~~ot~ce te ~er.der A~y nohce to lenoer sha:! be given by f~rst c?ass ma~1 ta Len~er s atlOress stated
°t 'cr~e+n o! any other 3Cdress Le^:Jer ~es~g^ates Dy n~t~ce to Borrower Any notiCe prov~ded br ~n thiS S~CUnty InStr~mBnt Sti811 be ,
` :~•e~ned to nave beer. givQ{1 to gorrowe~ or ~Er,cS~r wnen g~ven ~s prGv~ded ~n this paragraph
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` 15. Governinfl Law; Severability. Tr~.s Sec~~r~ty Instrument sl~al~ be governed by federal iaw and the iaw of the ~unsa~chan ~n wh~ch
~r=~perty s~oca~r.a !n tne evrnt ?~ei ~ny ar~jvigsOrs or ~lause of th~s Secur~ty Instrument or the Note conti~cts ~v~th appl~cab.e
~ ~.v. s•.,cr C!j!'~~!C! s~a~: a~tec' O!~tr p-ov;5;Gr5 O` tr;5 JeCUrI~y InSirumenl Or th@ NOIe whiCh ~an be g~ven ettect w~thout tne
~
~~!~~c!~rg ~,..~.~~:-,r T,; rr ~ F-~Q (tE ~:.'!~viS+Ur'S O} 1r'i5 S2CU~ity Ins~rument and ihe Note are deciare6 to be severabte
~
~ 16. 8orrower'i Copy. E3urrr,,~~~ sr a~! ne g~.~en ore cr~rformeU copy of the Nofe and o} th;s SeCU~~ty Irsirumeni
~ 17. Transler of the Property or a Beneticlal Interesl in @urrower. If a~i or any part ot !he Property or any ~rterest ~n ~t ~s sold or
~ ~-,i~ ,'~r,F•;; ~;t r :r•!~ ~ si ~ B:~rr:;,,ver ~s so;d of tran;ferred and Borrower is nof a natura! person~ w+;ho~:t Lender s pnor
I t ~ -)"~E f r d' 'S ~e~~u~~F ~~,Ted~ase payment tf1 ~Uli Of 81~ sums ser.ureC by lh~s Secunty Instrument
~
~ ,h~~~~' ;`'.5 u~~ ~~r~•~r:Srr!~ Gj ~F~'df•~ exe~c:sc: ~s pror~G~ted Gy te~3erai 1,3~1r' dS O~ ihQ date of th~s Secunty
~ ..5~,~;r,,c.,?
~
;
, I! L".^ :?r ~~.F~~r_ , ~~.,•;;~,•r chal; y,~e i3,,rower not:ce of acceterabon Tr~e nat~ce srai; prov~oe a aer~od ot not less
~ ' ar 3(; Ce,~s r~ t^F~ -;ar~, ?r~- ~~:;t ce :s ~;ei:ve~eC ma~ieG withir wn~ch Bo+rower m~st pay aii s~;ms secured by th~s SeCUrrty
. St.;~~,~tn~ ~f Ej,-~r~"MVt•r'd,~5 ;;dy 1~F>N 5~."?5 ~if~riX tOlh~? OxQ~I~f~Of` Q} f11i5 pBtiOd, ! Brlt7~?f r13y ~rvoke ~ny remed~es permitied by
'`s '~~5 ~E'CU!I(V '~~St!li!'?Q~i( W~t~'~iUt ~uft~`B! ('pS'CP Gf ~i'R18f'~ CIl g0f(OYYQf
18. 8onower's Riyht t~ Re+nttate. !f gr~rr,,wer meets certa~n cor~d~t~ons. Borrower sha!I ~ave ire nght to rave enfor :ement of th~s
Sec:~r+ty ~ns;~~,~nt~nt ~~sr,o~:Lr:,ec at ar~y t~rr~e pno~ to treear!,~r o~ ia~ 5 aays tor such oiher penoQ as app!~cab~e ~aw may spec~fy for
-c,~nstaten:e~~t; o€~~ore sair~ m~ F.r~p~.;~y p~,rsuant to ~ny power ot sale cunta~ned ~n th~s Secur~ty Instrument, or ~b) entry of a
jr~F"' t~ ~U!'. ~'q ^`S ~>"eL~~'~ty I.^:Sf!.~n:~n! Tf'rj5e GJnC'f~On58~E' (tt8! ~O~tOWP,f ~;a1 pays Lerd2r a~i sums wh~ch then would be due
:~de~ 'n,s Sec~•~rr ;nS!futT:E~r! a~~: e No;e nad r:o acceierat~cx~ occurred. Ib? cures any de!ault of any ather cov~nants or
~gr~~er~ents pa fs a~ ex;;er,Ses •r?~ urrP~ ~n enforc~ng th~s Seturity Instrument, ~~cludmg. but no! i~mited to. rea5onabie~3ttOrneyS~
'ees ac~ Ns s+:c~ ac',or as Lc~r 0er may ~easonaGly seq~+re ~o assure that the f~en of rh~s Secur~ty InstrUment. Len~er s nghts ~n
•r F. Prr~~;c~~ty an0 p~:rr.;~vr-r s:.t~i:qa;~nr: tp pay the su~~s secured by th~s Secunty Instrumen! shail COntir,ue unChang~d U~,on
•~~,n;!a!en:.,-•~ t~y A;~-~;w~~~ t?~~~s Sec,~r:ty Irstrum~,t a^d the abi~gat~ons secured hereby shall rema~n ful!y effect~ve as ~f no
t: =:H:P~a! U~ ;',C :,++.r! ri~,w~'s~°r !~..5 r.Ght f0 ~etr;S(~3IE Shc3{i nol apply in the case of acceierat,on under para~raph i3 pt 1~
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