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Home My WebLink About0948 . ~ 1 4 If Lender requued mortgage insurance as a cond~tion of mak~ng the loan secured by tMs Secunty Instrument, Barower shall pay the premiums required to maintain the ~ns~rance m effect unt~l such time as ihe reqwrement for the insurance te~minates ~n accordance with Barower's and lender's written agreement or applicable law. ' e. ~ns~Ctlon. Lender a its agent may make reasonable entries upon and inspections of Ihe Property. Lender sha~l give : Borrower notice at the time of or prior to an inspedion specirying reasonable cause fo+ the inspection. ' Co~d~mnatlon. The proceeds oi any award or claim for damages. direct or conseque~tial, in connection with any ~ condemnation or othe? taking oi any part of the Property, or for conveyance in Heu of condBmnaGOn, are hereby ass~gned and shall ~ be paid to Lender. ~ ~ !n the even! of a total taking of the Property, the proceeds shall be applied to the sums secured by this Securiry Instrument, l whether or not then due, Hnth any excess paid to Borrower. In the event of a partsal taking of the Property, unless Borrower and i Lender otherwise agree in writing, the sums secured by this Security Instrument shatl be reduced by the amount of the procee~s ~ multiplied by the following tract~on (a) the tdal amount of the sums secured immed~atey before the taking, div~ded by (b) the tair ~ markel vatue of i~~~ ~'r~~c~y ;,;,rn~;ate!y t~!ore !he tak~ng. Any ~alanc~ shal~ l~e paicf io 8cxrower. If ihe Property is abandoned by Borrower, or ii, after notice by Lend2r to 8orrower that the condemnor otters to make an award a settle a claim for damages, Borrower fails to respond to Lender within 30 days atter the date the notice is given. Lender is author¢ed to collect and appty the proceeds, at its option, eiiher to restorat~on or repair ot the Property or to ihe sums secured by this Secu~ity lnstrument, whether or not then due. Unless lender and Borrower. otherwise agree in wnting, any applicat~on ot proceeds !o principal shall not extend or postpone the due date of the monthy payme~ts referred to in paragraphs 1 and 2 to change the amount of such payments. 10. Bor~ow~r Not Rel~as~ Forb~aranc~ By L~nder Not a WatvK. Extension of the time (or payment or moditication of amortization of the sums secured by this Security Insirument granted by Lendes to any successor in interest of Borrower shall not operate to release the liability of the originat Borrower o~ Borrower's succsssors in interest. Lender shall not be requirec! to commence proceedings against any successor +n inierest or refuse to extendtime tor payment a olherwise modity amort¢ation of iii85u~Ti5~c~,uicu~jii~iS.~C;;::y :~.:;,~:'i~ri3h~ •'Q=-_..^~':!2j~?.^,??nflm~rlnhyti~nrininalR[xr[~wPr(NBOffOWEf~SSUCC@SSOfSI(1 inierest. Any forbearance by Lender m exerc~sing any right w remedy shall not be a waivef of or preclude the exercise ot any right a remedy. 11. Sucoesson and Assl~ns Boun~ Jolnt and S~v~?al Llablllt~r; Co-sl~n~rs. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Barower, subject to the provisions o1 paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Barower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument onry to mortgage. grant ar,d convey tha! Barower's fnterest in the Property under the terms of this Security tnstrument; (b) is not pers~naly oW.igated to pay ihe sums secured by this Secur+ty ~nstrument; and (c) agrees that Len~er and any other Borrower may agree to extend, modity, forbear or make any accommodations with regard to the terms ot this Security Irstrument or the Note without that Borrower's Consent. 12. LoaR Charyes. If ihe loan secu~ed by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that ine interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then; (a) any such loan charge shall be reduced by the amount necessary to reduce iheChargetethe ~ permitted Iimit; and (b) any sums already collected from Borrower which exceeded permitted iimiis wiil be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a d+rect payment to Barower. I( ~ a refund reduces principal. the re~uction witt be treated as a partial prepayment without any prepayment charge under the Note. ~ 13. Lt~blatlon Aflectlnq L~n~s Rlphts. It enactment or expiration of applicable laws has the effed ot rendering any ~ p~ovision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its opt~on, rnay require immediate payment in tull of all sums secured by tnis Security Instrument and may invoke any remedies permltted by paragraph 19. If Lender exercises this option. Lender shall take the steps specif~ed in the second paragraph of paragraph 17. 14. NotiCes. Any notice to Borrower provided for in this Security Instrument shall be given by defivering it or by maiiing if " by f~rst ciass mail unless appl~cable !aw requires useof another method. The notice shaf! be directedto the PropertyAddress or any other address Borrower des+gnates by notice to Lender. Any notice to Lender shall be given by frrst class ma+~ to Lender's address stated herein or any other address Ler,der designates by notice to Borrower. Any rotice provided for in this Security Inst~ument shau be deemed to have been given lo Borrower or Lender when given as provide~ in this paragraph. 95. Governing Law; Seversblllty. This Security Instrument shall be governed by 'ederal law and the law of the nsrisdiction in which the Property is located. In the event that any provision or clause of this Secunty Instrument or ihe Note corflids wdh appticable law, such cor.flict shal! not aKeck other prowslor~s of this Security Instrument or the Note which can be given eflect ~ w~thout the conflicting prov~sion. To this end the provisiens of th~s Security Instrument and the Note are declared to be severable. - 16. 8orrower's Copy. Borrower shall be given one contormed copy of the tVote and of this Security Instrument. 17. Transfer of the Property or a Benefldai Intsrett (n 8orower, tt all or any part of the Property or any interest sn it is sold or trans(erred (or if a ber?eficiat interest ~n Borrower is sold or transferrec} a+~d 8orrower is not a natural person) wiihout Lender s ~ pr~or written consent. Lender may, at Rs opti~n, require immediale payme~t ~n fuD of all sums secured by this Security Insirument. Nowever. this option shaA not be exercised by Lender if exercise ~s prohibited by federal law as of the date of th;s Security ~ Instrument ~ ff Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice sr~ail proviCe d period of not ~ less than 30 days from the date the notice is de6vered or ma~led within which Horrower must pay all sums secured by this SeCUrRy Instrument. If Borrower fa~ls to pay these sums prior tothe expiration of this period, Lender may invoke any remedies perm~tted by this Security Instrumern without further notice or demand on 8crrower 18. Borrowe~'s RtyM to Retnstate. (f Borrower meets certain conditions, Borrower shaA have the right to nave entorcement af this Security tnstrument tfiscontinued at any time prior to the eariier of: (a) 5 days (or such ot~er period as applicable law may speciry !or re;nstalemeni) before sale of the Property pursuant to any power of sale conta~ned in tt~is Security Instrument: or (b) entry of a judgmeni eMorceng his Security Instrument. Those condit~ons arethat Borrower: (a) pays Lender a!I sums which then would be d~e under this Secur~y Instrument and the Note had no acceleration occurred; (b} cures any de!ault of any other covenants or agreements; (c) pays a!I expenses incurred m eniorcing this Security Instrument, inciud~ng, but npt limited to. reasonable attorney's fees: and W) takes such action as Lenaer may reasonably require to assure that the I~en of this Security Instrument, Lender's rights in the Property and Borrower's obligatian to pay the sums secured by this Security tnstrument shall continue unchanoed. Upon reinstatement by Barrower, ;his Security Instrument and the obligat~ons secur~ hereby shal! remain ~ fuliy effecUve as if no acceleration had occurred. However, this right to re~nsiate sha?! not apply in the case of acce!eration under ~ ~aragraphs 13 or t 7. : i ~ t; ' ~ . ` 4 dUOK P~Gf i7~$ - ~ r'_=~i.~'~ ~ ~~~`=~`rs.~~r'~s~ ~~~~'~;i,~.r~' ~ ~u,~~