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Home My WebLink About0957 If L-~nder required mortgage insurana as a condition of making the !oan secured by this Security lnstrument. BorrowPr shal! pay thc premiums required to maintain the insur,u~ce in tffect until such time as the roquirement for the insui ance ttnr.inates in accordance with Boi-rower's and L,tnder's written agreemsnt or applicable law. 8. InspecHaa. Lender or its agent mav makt reasonable entries upon and inspoctions of' thc Praperty. Lender shall give Borrower notice at the time of or Qrior to an inspoction specifying reas~onabic cause for the inspection. 9, Coademnation. The proceeds of any awarJ or claim for damages, direct or consa~uential. in ccznnection witi~ any condemnation or other taking of any part of the Property, or for conveyaacc in lieu of cflndemnation~ are hereby s~ssigned and shall be paid to Lendrr. _ In the event of a total taking of the Pcoperty, the proceods shall be appiied to the sums socured by this S~curity Instrument, whether or not then due, with any eacess ~aid to Borrower. In the event of a partiaf taking of the Propeny, untess Bormwer and Lender otherwise agret in writing. the sums securod by this Socurity instrumcat shall t~e roducooi by tht amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums securod immedistcty befare the talang. ~ivided by the fair market value of the Fropcrty immediately before the taking. Any balance st~alt be paid to Borrower. If the Pmperty is abandoned by Bonov~er. or if. afttr notice Oy L.ender to Borrower ihat the condemnor otfers to make an award or settle a claim for damagrs, Horrower fails to respond to Lender within 30 days aRer th~ date the notice is given~ Lcnder is suthorized to collect and apply the procoeds. at its option, either to restoration or repair of the Pr~peny or to the sums xcured by this Security Instrument, whether or aot then d~~e. Unless I.Gnder and Borrower otherwise agroe in writing, sny appiicatian ~f ~rc~ceeds to principal shall not exter.d or postpone the due date of the monthly payments referred to in paragrsphs I and 2 or change the amount of such payments. 10. Borrower Not Released; Forbes~rance By I.eader Not a Wateer. Eatension of th~ time for pnyment or modi5cation of amortization of the sums secured by lhis Socurity Instrument granted by Lender to any successur in interest of Borrower shall not operate to release the liability of the original~Borrower or Bonower's successors in interest. Lender shall not be roquired to commence procoodings against any successor in interest or refuse to extrnd time for paymrnt or otherwise modify amoriization of the sums securod by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbesrance by Lender in exercising any right or remedy shall not be a waiver of or preclude the eaercise af any ng::t or remody. 11. Saccessors and A~~ns Bound; Joint ~nd Sevaa! LiabilIty; Co-signers. The covenants and agrcements of this Socurity Instrument shall bind and benefit the sucoessor~ and assigns of Lender and Borcower, subject to the p^ovisions of paragraph 17. Bonower's covenants and agreerr?rnts shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Stcurity Instrument only to mortgage, granY and convey that Borrower's interest in the Property under the terms of this Socurity Instrument; (b) is not personally obiigated to pay the sums secured by this Security Instrament; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any acoommodatior~s with regsrd to the terms of this Security Instrument or the Note without that Borrower's consent. 12. I.oan C~rges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is 6nally interpreted so that the interest or other loan charges collccted or to be collected in connection with the loan eaceed the permittod limits. then: (a) any such loan charge shall bt reduced by the amount necessary to reduce the charge to the permitted timit; and (b) any sums already rnllected from Honower which excceded ~ permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principai owed - e~nder the Note or by making a direct payment to Borrower. If a refund reduces principal, the reductio~-~ will be treated as a partiaf prepayment without any prepayment charge under the Note. 13. Ix~slatioa Affecting I,endtr's Rig6ts. tf enactment or expiration of appticable laws has the tfi'ect oi rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its optio?± may require immediate payment in fuil of all sums secured by this Security Instrument and may invoke any remedizs permitted by paragraph l9. I.~.~der exercises this option, Lender shall take the steps specified in the second paragraph of ~ paragraph 17. ~ ~ 14. Notiees. Any notice to Bonower provided for in this Security Instrument shall be given by delivering it or by ' mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the E Property Address or any other address Borrower designates by notice to L,,-nder. Any notice to Lender shall be given b~ first cla.cs mail to I.ender's address stated herein or any Qther address Ixnder designates by notice to $orrower. Any notice provided for in this Security Instrument shall be deemed to have bcen given to Borr~wer or Lender when given as provided in this paragraph. . 15. Goreraing Law; Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instreiment or the Note conRicts ve~ith applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note ~ which can be given e@'ect without the con8icting provision. To this end tiie provisions of this Security Instrument and the ~ Note are declazd to be severable. 16. Borrower's Copy. Borcower shali be given one conformed copy of the Note and of this Security Instrument_ ~ 17. Transter of t6e Property or a Heneficial Interest in Borrower. If all or any part of the Property or any ~ F~ interest in it is sold or transferred (or if a beneficial interest in Borrowar is sold or transierred and Borrower is not a natural ~ pecson) without Lender's prior written consent, L.ender may, at its option, require immediate payment in full of all sums ~ ~ecured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is orohibited by ~ federal law as of the dase of this Security Instrument. ~ ~ If Lender exercises this opiion, Lender shall give Borrower notice of acceleration. The nQtice shall provide a peri<~d ~ of noi less than 30 days from :he date the noiice is deliver~i or maile~ within which Borrower must pay all sums secured by ~ this Security Instrumer~t. If Bcrrower fails to pay these sums prior to the eapiration of this ~xriod, Lender rnay invoke any F remtdies permitted by this Security Instrument without further notice or demand on Borrower. - ~ 18. ~orrower's Right to Reinstate. If Borrawer meets ceriain conditions, Borrower shali hav~ the right to have ~ enforcement of th~s Secer.ry Instrument discontinued at arty time prior to the earlier of: (a) 5 days (or svch other peric~ as applicable law ma}- specify for reinstatement) before sale of the Property pursuar.t to any pou~+er of saie contained in this ~ Security Instrument; or (b) entry af a}udgment enfoscing this Security Instrumen~ Those conditions are that Borrower: ~ ~ (a) pays Lender all sums which then would be due u~der this Security Instrument and tht Note hac~ no acceleratian F occur*Pd; (b) cures any default of any ather covenants or agreemtntc; ~,ays a11 ezpenses incurrPd in enfor~_ing this ~ € Security Instrumeni, including, but n~t limited to, reaso~able attarneys' fees; and (d) takes such actinn as Lender may ~ ~ reasonabiy require to assure that the lien of this Security Instrument, L.ender's rights in the Property and Borroxer', ~ € obligation to pay the sums ~ured by this Security Instrument shall cnntinue unchangrd. L3Exm reinstatement hy ~ ~ Borrower, this Security lnstrument and the obligations ~ured hereby shall remain futly efi'ective ati it no acceleration had ~ occurred. Nowever, this right to reinstate shall not apply in ihe case of acceleration under paragraph~ 13 or 17. ~ ~ ; S~{~1( P~iGF ~ i - _ . . . . _>._,.a.,,.__,_ _ _ _ - - , { ~ .w _ _ _ ~ _ _ ~ _