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Home My WebLink About0961 ~ li~ L~ndrr rry~nrr~f murtgagr in~uranre a. a cemditiun c~f making the luan se.~urrd by this Security Instrumrnt, t3~~rru~~rr ~haU ihe rrrmium. reyuirrd tu ma~nt:tin the insuranre in eflect «ntil such time as the reyuirement fe~r ttie inwranrr terminatr. ~n ar~urdanre ith Rurro~tier'ti ;~nd Lender's w•ritten agreement ~~r applirable law. 8. Inspection. Lrn~irr ur it~ 3grnt ma~ make reasunable entries u~n and ins~tions of the 1'ropcrty. Lender >hall Ei~r B~~rru~~rr n~~t~~r at the Iime ~~f ur pnor t~~:?n inspectic~n spc~if~•ing rcasunable rause fi~r the inspe~:tion. 9. Condemnation. ~I~hr ~nxer:ls ~~t an~• aw•ard ~~r claim fi~r damages, iirrrl or consequential, in cunnection with .in~ ~rniiemnation ~,r ~~ther taking ~~f an~ ~art ~if th~ Propert}, ur fi~r r~,nveyance in lieu of condemnation, are hereby. .?ti,ign«i and,hall br pai~i tu Lendrr. In the <<ent e~f a t~~tal taking of the Yropc:rty, the prcxerds shall be applird to the sums securc~ by this Se.~urity i~~.i~un~r~~i. ~.iirii~r~ ur nu~ ii~en uue, ~~itn any esres~ paiU to i3orroK•er. In ihe e~~enl of a pan~ai tak~ng of the Yroperty, unlr,s Bt~rru~~rr .ind l.eneirr utherwi~e agree in ~~~riting, the ,ums serurecl b~~ this Secarity~ Instrument shall be reduced by thr c?m«unt ~~t~ the ~ns::eeds multi~lied h~• the follow~ing fraction_ (a) the tot:~i ~mount of the sums u~cure.~ immediately brti~re the taking, di~idecl b~~ (b) thr fair market ~alue of the Yroperty~ immediatrl~~ bc:fore the taking. Any balance shall be pa~d to Borro«~er. If the Property i, ah3ndoned b~• E3urrower, ur if, after n~~iire h}- Lender to Bc~rmwer that the rnndemnor ofTen to make an aH•ard or settlr a claim for damages, B~rrow~rr failti to rc~~md to Lender w•ithin 30 da~•s after the date the notice is gi~en, Lender is authorized t~ ~ollect and lt~OI}~ IF1C PfIX'tC'(~S, at its option, either to rc.~toration or repair of the Property or tu the sum~ sc~ ured b~• this Sc:curit}• Inslrument, w•hether ~~r not then due. Unlc~s Lender and Borrow~er othen+~ise agree in w~riting, any application of proceeds to principa! shall not extend or ~~stEx~ne the due date uf the monthly pa}~ments referred to in paragraphs 1 and 2 or change the amount of such pa~~ments. 10. Borrower Not Released; Forbearance By Lender tiot a~Vaiver. Extension of' the time tor pay~ment or mc~ifiration uf amorti7ation of the sums securecl by this Security Instrument granted by Lender t~ any suc,essor ir. interest of F3orrow•er shaU not orerate to release the liabilit}• of the original Borrower or F3orrower's succc~snrs in interest. Lender shall not fie required to commence pro~eedings against an~~ succeswr in interest or refuse to extend time fe~r pa}•ment c~r :~t!:er~~~i,e modif}~ umortizutic3n af the sums se::ured by this Sec:urity Instruruznt b~~ rea,on of any demand madr by the original Borrower or E3orrow•er's succ~~ssors in intere.~t. Any forbearance by Lender in ezerrising an}• nght or remed}• ~hall not be a H•ai~~er of or preclude the exercise af an} right or remecl~~. 11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Securit~• Instrume~~t shall bind and benefit the successors and atsigns of Lender and Borrower, subject to the provisions ; ot par.~graph 17. Borro~~•er's co~~enantti and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument bui doc~ not exec-ute the Note: (a) is co-signing this Security Instrument onl}~ to mortgage, grant and convey that I3orrower's interc~t in the Pr~~rt}~ under the term~ of this Se~;urit}~ Instrument; (b) is not personally obligated to pay the sums secured b}~ this Securit~ Instrument; and (c) agrees that Lender and any other f3orrow•er may agree to extend, mcxiif}~, fi~rbear ur makc an}~ ~ccommociations with regard to the termti of this Secunt~~ Instrument or the Note w~ithc~ut that Borruwer'sconsent. ~ 12. I.oan Charges. If the luan k-~urc~ b}~ this Security Instrumerzt is subject to a law w~hich sets maximum lo~n ' c:h~r~~w, and that la~~~ is hnsll~~ interpreted se~ that the intere~t or other loan charges cullected or to be collected in ~onnertion with the 3oan exceed the permitted limits, then: (a) an} such loan charge shall be reduced by the amount ' ?iecessar}~ to reduce the charge to the permitted limit; and (b) am~ sums already collected from Borrower which exceedcd ~ permitted limits will be refunded to Borrower. Lender ma~• choose to make this refund by reducing the principal ow~ed ~ under the ~iote or b}~ making a direct payment to Borrower. If a refund re:iuct~ princi~al, the reducticin w~ill be treated ati a : eartial prepayment without any prepayment charge under th~_ Note. I 13. I,egislation AtTecting Ixnder's RiRhts. If enactment or ex~iration of applirable laws has the effect of ; rendering any pmvision of the Note or this Security lnstrument unenforceahle aeci~rding to its terms, Lender, at its option, € ma~ reyuire immediate p•a~~ment ~n full of all sum~ secured b}• this Serurit~~ Imtrument and may in~~oke snj• remedies ~ ~ermitted b~~ paragr:~ph i9. If Lrnder ererci~ this option, Lender shal) take the ~tep~ spc~ ified in the second paragraph of ~ ~~.iIU~,'11})II ii. l4. tiotices. An}~ not~re iu Borrow•er pro~ ided fi~r in this Securit}• Intitrurnent shal! be g~ven b}• deii~~ering it or b}~ m;~iiing it b~ first dass mail unless applicable laa~ reyu;res use ~~f anuther meth«ci. 1'he notice shall be directed to the t'rc~~ert}~ Address i~r an}~ other address Borrow•er dc~ignatc~ b~~ notice ti~ Lender. An}~ notice tc~ Lender shall tx gi~en by ~ ~ tint class ma~l to Lender's address titated herein ~r an} other address Lender de~ignatcti b} n~tice t<~ Aorr~w~er. An}• notice" ~ nracided f~r in this Securit~ Instrument shall be deemed t~~ ha~e txren gi~en tr Rc~rre~wer ~~r I_ender H~hen gi~~en at provided a in [his paragraph. a ~ I5. GoverninR I.aw; Se~~erabilit}•. This Securitc dnstrumrnt tihall he gc~~.erneci b} federal la~~ and the law of thr # iurisdictt~~n in ~~~hirh the Prorert~ is Ickatcd. In the event that ar~~ pro~isicm ~,r clause of thi~ Security Instrument or the ~ \i~te c~nflicts with ap~licahle law~. such c;~nflict thsll nc~t afTect other pro~i,ic~ns i~f this Securit}' Instrument or the tiote ~ «hirh ~art be gi~en effect w~ithout the conflicting pm~isic~n. l~~ this end the ~rcnitiiiins c~f this Srrurit~ Irstrument and the t ~i~te are declared to be se~erable. - 16. Borrower's Cop}•. Bc~rrc~«er shall t~e given ~~ne conformed c«~~ of the \c~te and ~~f this Security In~trumeni. 17. Transfer of the Yropert~~ or a Beneficial Interest in Borrower. It all <~r an; ~art of the Pro~crt~• or an}• ~ :ntrrr~t in it is ti~~ld ~~r trar3sfer~ed (c~r if a tx:neficial interest in Borrower is ~old c~r transferred and li<~rm~cer is nc~t a natural ~ = ~rnunf ~+i:hout Lender's }~rior ~ritten r~~ntient, Lender ma}•, at its ~~ption, r~yuire immediate pa~ment in full of ail sum~ ' ~:rureu h~ this Securit} Intitrument. Ho~~e~er, this o~tion tiha11 n~~ 1x exerritied h~ [.ender if exercitie is ~rohibited hy tecier;~l law as of thr clste <~f this Srcurit~ Instrument. If Lender exercise~ this option, Lender shall gi~e Borrow~er notice c~f acreleranun. "rhe nenice shall provide a period cif not less ~han 30 da}~s frc}m the date the notice is delivered or mailed within which f3orrc~wer must pay all sums se~;ured by this ScYUrity Instrument. If Borrow•er fails ta pay these sums prior to the ezpiration of this period, Lender may im•oke any remedic,~ rermitted by this Security Instrument without further notice or demand on Borrower. 18. Borrower's Right to Reinstate. If E3orre~wer meets certain conditions, I3orrower shall have the ri~ht to have ~ enfurcement of this Sec:urity Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other perioci as ap~licable Idw may spccify for re~nstatement) before sale of the Property pursuant to any power of sale contained in this S~rurity Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower. _ fa) pays Lender all sums which ihen would be duc under this Security Instrument and the Note had no acceleration - excurrecl; (b) cures any default of any other covenants or agreements; (c) pays al) expenses incurred in enforcing this Security instrument, incfuding, but not limited to, reasonabie attorneys' fees; and (d) tak~ such action as l.ender may rc-:?scmably rcyuirc t~~ :,ssure that the lien of this Sec;urity Instrumcnt, Lender's nghts in the Property and E3orrowc~'s obligati~~n t<> pa} the ~ums secureci by this Security Instrument shall continue unehanged. Upon reinstatement by Borrower, this Secur~ty Imtrument and the obligations secured hereby shal: remain fully effective as if no acceleration had occurred. Now~e~er, this right to reinstate shall not apply in the case of acceleration under paragraphs.l3 or 17. ; r~441 r~~~:F 959