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Home My WebLink About0998 . z ,Ii LendCr required mortgage insuranCe as a cond~t+on ot mak~ng the lo8n seCUred by th+s Secur~ty Inskument, 8or~ower shall pay tKe p?emiums required to rnaintain the insurance in etfecl uMil such time as the requireme~l tor the insurance term~nates in accordance with Borrower's end lender's written agreement a applicaWe law. _ ~ Insp~ct~ton, lert~er a iis agent may make reasonable entries upon and inspections of ihe Property. ~ender shall give ` Borrower rtotice at the Gme ot or prior to an inspection speciyin~ reasonable ceuse fa the inSpeCtion. i Cond~mnaflon. The proceeds of any award a claim for damagas, dired or consequential, in connection with any ; condemnation or other taking of any part ot the Property, or lor corneyance in Geu of concismnation, are nereiry as~~~ed an~ stia~i ~ ~ ..~~a ~ o~~. ~ r~.~ ~ i In the evern of a total taking of theProperty, the proceeds shall be apptied to the sums secured by this Security Instrument. whether or not then due, with any excess paid to Borrowef. In the event ot 8 pariial taking ot the P?operty, unless Barower and Lender otherwise agree in writing, the sums secured by this Security lnstrument shall be reduced by the amouM of the proceeds ~ muttiptied by the following fraction: (a) the tda! amouM of the sums secured immediately before the taking, divided by (b) the fair marlcet value of the Pro~rty immediafey before the taking Any balance shall be paid to Borrower. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an ~ award or settle a claim for damages. Borrower fails to respond to Lender within 30 days afler the date the notice is given. ~endef is ~ author¢ed to collect and appy the proceeds, at its option, either to restoration or ~epair ot the Property or to the sums secured by ~ this Security Instrument, whe!her or not then due. - Unless Lender and Borrower otherwise ag~ee in writing, arry appficai+on of proceeds to prfncipal shall not extend or ~ postpone the due date of the rr~onthly payments reterred to in paragraphs 1 and 2 to ch~ge the amount of such payments. ~ 10. 8orrowK Not Rtl~as~ For~annq By L~nd~r Not a WaIvK. Extension ot the lime for payme~i or moc~fication ot amortization of the sums secured by this Security Insirument granted by Lender toar,y successor in interest of 8orrower st?all not operate to retease !he liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceed+ngs against any successor in interest or refuseto actendtime for payment or otherwise modiy amortization ot the sums secured by this Security Instrument by reason ol any demandmade ~y the original Borrower a Borrower's successors in interest. Any forbearance by Lender in exerc~sing any right or remedy shail not b~ a waiv~r of or prectude ihe exercise ot any right or remedy. 11. Sucasson and Assl~ns 8oun~ Jolnt and Sw~nl Llabiltfy; Co-slpnsn. The covenants and agreements of this Security Instrument shal! bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's c~venants and agreemenis shall be joint and several. Any Borrower who co-siyns this Security InsSrument but does not execute the Note: (a) is co-sign;ng this Security Instrument ony to mortgage. grant and convey that Borrower's interest in the Prpperty under the terms of this Security Insirument; (b) is not personaly obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to ex;end, modity, forbear or make any accommodations with regard to the terms o1 this Security Instrument or the f~ote without that 8orrower'; consent. 1Z. Loan Char~s. If the (oan secured by this Security tnstrument is subjed to a!aw which sets mauimum ban charges, and that law is Tinaity interpreted so that the interest or other toan charges collected or to be collected in connection with the loan exceed the permitted ~imits, then: (a) any such toan charge shall be reduced by the amount necessary to reduce the chargetothe permitied limii: and (b) any sums already cotlected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reduc~ngthe principal owed under the Abteor by making a duect payment to 8orrower. If a rafund reduces principal, the reduction will be treated as a partial prepayment withcut any prepayme^t charge under the Note. ~ 13. L~9btatlon Att~ctlnq L.~ndws Rlqhts. If enactment or expiration oi appficabte taws has the eftect ot rendering any provision of the Nole or this Security Instrument unentorceable according to its terms, Lender, at its option, may requrce immediate payment in fult of all sums secured by this Security fnstrument and may invoke any remeciies permitted by paragraph 19. It Lender exe?cises this option. Lender shall take the steps specif+ed in the second paragraph ot paragraph 17. 14. Notfoes. Any not~ce to 8arowsr provided for in this Security Instrume~t sha~l be given by delNering it or by mailing it by ifrst ctass mai! unless applicable law requ;res use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender Arry notice to Lender shall be given by tirst class maii to Lender's address stated here+n or.any other address lender des~gnates by notice to Borrower. Any notice provided ior in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 1S. Gov~rnlny ~sw; Sw~raWllty. This Security Instrument shall be guverned by federat law and the ~aw of ihe jurisdictian in which the Property is located. In the event that any provisian ar clause oi this Security Instrurnent or the Note conflids w~th applicabte law, such conffici shalt not affect other provisions of this Security Instrum2nt or the Note which can be given effect wrthout the confiicting prov+sion. To this end the pr~vss~ons of 1r~is Serur:^.y tnslrumsnl and the IVote are declared to be severable. 18. Borrow~s Cop~r. Barower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transt~r of th* Prop~rty or a B~nNidaf Int~nst fn BorowK. If all or any part of the PropeRy or any interest in rt is sold or transferred (or'rf a beneficial intPrest in Borrower is sold or transferred and Bcxrower is not a naturai person) without Lender's prior written consent, Lend2r may, at its option, require immediate payment in full of all sums secured by this Securiry tnstrument. However, this option Shall not be exercised by Lender if exercise is prohibited by tederal iaw as of the date of this Security Instrument. N Lender exercises this option, lender shall give 8arrower notice ot acceleration. The notice shajl provide a period of not 'ass than 30 days irom the date the notice +s delivered ar mailed within wh;ch Borrower must pay al1 sums secured by ihis Security Inst!ument. If Borrower fails to pay these sums prior to the expiration ot this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand cn Borrower. 78. Bor?ow~s RIpM to R~InstalR If Borrower meeis certain conditbns. 8o~rower shall have the righ! to have ~ enforcement of thi5 Security Instrument discoMinued at any tims prior to the eariier of: ( a) 5 days (or such other period as applicabte law may specity for reinstatement) befose sale o( ihe PropeRy pursuant to any power of sate contained in this Security tnstrument; y or (b) entry of a judgment enforcing tF?is Security instrument. Those conditions are that Barower. (a) pays Lender ai! sums which then would be due under this Security fnstrument and the tNote had no acce~eration occurred; {b) cuies any default of any other covenants or agreements; (c) pays alt expenses incurred in enlorcing this Security Insfrument, including, but nd timited to, reasonable attwney's fees: and takes such acti~n as Lender may reasonaWy require to assure that the lien of t~is Seairity Insiiument. Lendei s rights in the Property and Borrower's o~ligatio~ to pay the sums secured by this Securi;y tnstrument shall continue unchanged. Upon reinstatement by Borrower, this Security 1ns!rument and the obligations secured hereby shall remain fuly effective as if no acceleration had occurred. However, this rig~t to reinstate shall not appy in the case of acceleration under paragraphs 13 or 17. ~ anoK ~~4 PacE - ` :3~ _ 4~3 F~~f 1 ~ _ ~~ry ~ ~m - -