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Home My WebLink About0923 ~ + ~ . If Lender required mortgage insurance as a condition of making the loan securzd by this Security lnstrument, Burrower shail pay ihe premiums required to maintain the insurance in eftect unti) such time as the requirement (or the insurancr terminatrs in accordance with Borrow~e~'s and Lender's written agreement or applicable lav?~. 8. lnspection. Lender or its a~ent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasanabie cause for the inspection. 9. Condemnation. The proceeds of any award or claim for damages, dirzct or consequential, in connection w~ith any condemnation or other taking of any part of the Property, or for com•e~•ance in li~u of condemnation, are hereby = ~5 assigned ~nd shall be paid to Lender. ~ !n the e~ent of a t^!~! taking of the Property, tne proceeds shal) be applied to the sums secured by this Security ~ lrutrUment, w~hether or not the~ due, ~~ith any excess paid to Borrower. In the e~•ent of a partial taking of the Property, unless Borrow~er and Lender oiherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by th: following fraction: (a) the totai a:r.ount o1' the sums secured immediately before the taking, di~•idecl by (b) the fair market value of the Property immediatel~• txfore the taking. Any balance shall be : paid ta Borro~~er. If the Property is abandoned by Borrower, or if, after notice by Lender to Bo~rower that the condemnor offers to m;~ke an award or settle a claim for damages, Borrow~er fails to res~ond to Lender w•ithin 30 days aRer the date the notice is gi~en, Lender is authorized to collect and apply the proceeds, at its option, either m resroration or repair of the Propert~~ or to the surns secured by this Security Instrument, ~•hether or not then due. Unless Lender and Borrower oiherwise agree in writing, any application of proceeds to prir~c:pal shall not extend or : post~ne the due date of the monthly payments referred to in paragraphs 1 and 2 ar change the amaunt of such payments. 10. Borrower '`ot Released; Forbearance By Lender Not a R'aiver. Extension of the time for payment or modification of am~~rtization of the sums secured by this Security Instrument granted b~• LQnder to any successor in = interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. ~ Lender shall not be required to cor*mmence proceedings against an}• succc~sor in interest or refuse to extend time for > payment or otherw~ise mc~ify amortization of the sums secured by this Securit~~ Instrument by reason of any demand made ~ by the original Borrow•er or Borrow•er's successors in interest. Any torbearance by Lender in exercising any right or remedy ~ shall not be a w~aiver of or preclude the exercise of an~~ right or remedy. 11. Successors and Assigns Bound; Joint and Several I.iability; Co-signers. The covenants and agreements of this Securit~• Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrow~er's co~~enants and agreements shali be joint and several. Any~ Borrower w•ho co-signs this Security Instrument but does not ezecute the tiote: (a) is co-signing this Security Instrument only to mortgage, gram and convey that Borrow~er's interest in the Property under the terms of th~s Security~ Instrument; (b) is not personally obligated to pay~ the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modif}~, forbear or make anp accommodations with regard to the terms of this Security Instrument or the Note without _ that Borrower's consent. J 12. Loan Charges. If the loan secur~d by this Security Instrument is subject to a law which sets maximum loan i charges, and that law is finally interpreted so that ehe interest or o:her loan charges collected or to be collectecl in connection with ihe loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessar}~ to reduce the charge to the permittrd limit; and (b) any sums already collected from Borrower which exceeded ' ~ permitted limits will be refunded to Borrc~wer. Lender may choose to make this refund by reducing the principal owed ~ under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without an}• prepayment charge under the Note. = i 13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable law~s has the effect of ~ ; rendenng any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option, ~ ~ ma3~ require immediate pa}•ment in full of all sums secured by this Securit~~ Instrument and may invoke any remedies permitted by paragraph 19. If Lender exercises this option, Lender shail take the steps specified in the second paragraph of ~ ° paragraph 17. ~ 14. ~iotiees. Any notice ta Borrow~r provided for in this Securit~• Instr~ment shall be given by delivering it or b}• a mailing it by first class mail unless applicable law~ requires use of another methad. The notice shall be directed ta the Propert}~ Address or ar~y other address Borrow•er designates by notice to Lender. Any notice to Lender shail be given 5y ; fint class mail to Lender's addr~ss stated herein or any other address Lender designates by notice to Borrower. Any~ notice pro~~ided for in this Securit}~ Instrument shali be deemed to ha~~e been gi~~en to Borrower or Lender when given as provided in this paragraph. ~ 15. Governing Law; Severability. This Security Instrument shall be guverned by federai law and the !aw of the jurisdiction in which the Propert}~ is located. In the event that an}• pro~~is~on or efause of th~s Secunty Instrument or the ~ Note conflicts with applicable law~, such conflict shall not affect other provisions of this Security Instrument or the Note , ~ Hhich can be gi~•en effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. ~ 16. Borrower's Copy. Borrower shall be given one conformed cop}~ of the Note and of this Security Instrument. ~ ~ 17. 7'ransfer of the Property or a Beneficial Interest in Borrower. (f all or any part of the Property or anyi ~ interest in it is soid or transferred (or if a beneficial interest in Borrower is sold or transferred and Bc~rrower is not a natural'~' ~ person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums ; ~ secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited y ' g federal law~ as of the date of this Security Instrument. ' f ~ If Lender exer~ises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a penod ~ of not less [han 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by • this ~ecurity Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security In~trument without further notice or demand on Borrower. 18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have enforcement of this Securit}• (nstrument discontinued at any time prior to the earlier af: (a) 5 days (or such other period as ` applicaole law~ may spec+fy ior reinstatement) before sale of the Property pursuant to any power of sale contained in this ~ Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: ~ (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acce!eration ~ occurred; (b) cures any default of any other covenants or agreements; (c) pays all ezpenses incurred in enforcing this Security Instrument, including, bui not l~mited to, reasonable attorneys' fees; and (d) takes such action as Lender may reasonably requi~e to as.;ure that the lien of this Security Instrument, Lender's rights in the Property and Borroa~er's obligation to pay the sums secured by tt~is Security Instrument shall continue unchanged. Upctn reinstatement by Borrow~er, this Security Instrument and the obiigations secured hereby shall remain fully etTective as if no acceleration had occurred. Hoa~e~~er, this right to reinstate shall not apply in the case of acceleration under aragraph~~ 17. ~o~~ 46~ ~~~E ~ ~ ~ ~s~~ _ ~ , ~rv