The URL can be used to link to this page

Home My WebLink About0989 N Lendef required mo~tgage insurance as a condition of making the loan secu~ed by this Securiy fnstrument, Borrower shall pay the premluma tequired b maintain the insurance in effeCt untll such time as the requirement for the insurance ierminates in acCOrdance with BoROw~er's and Lender's written agreement or applicable law S, imp~Ctlo~. Lender or its agent may make reasonable entries upon and inspections ot the ProQerty. Lender shall give Borrower notice at the Gme of or prior to an inspec.~tion specNying reasoneble cause for the inspection. . ; g, Cq~nnatbn. The prooeeds of any award or daim tor demages, di~ect or consequential, in connection vrith any condemnation ~ or other takfng of any part of Me Property, or !or conveyanoe in lieu of condemnation, are hereby assigned and shall be paid to le~der. ~ In the event ot a total taking of U~e Property, the pr~oceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with amr excess paid to Borrower. In Me erent of a partial taking oi the Property, unless Borrower and Lender otherwise agree in writing, the sums secured by this Securily Instrument shall be reduced by the amouni of the proceeds multiplied by the bllowing hacGon: (a) the total amount of the sums secured immediatey betore the taking, divided by (b) the fair market value of the Property immediately before the taki~g. Any balance shall be paid b Borrow~er. N the Property is abandoned by Borrower, or if, after notlce by lender to Borrower Mat the condemnor oHers t~ make an award or t settle a claim tor damages, Borrower fails to respond to Lender within 30 days a(ter the date the notice is given, lender is authorized to collect and apply the proceeds, at its option, either to restoradon or repair ot the Property or ro the sums secured by this Securiy ~ Instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall nW extend or postpone the ~ due dats of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments. 10. Bar+ow~ Not RM~sssd; Forb~ Bfl L+~~ Not s Ylhiwc Extension of the Gme for payment or modificaGon of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shalt not operate to release ~ the liability of the original Borrower or BorrowePs successors in interest. ~ender shall not be required to commenCe proceedings against amr successor in i~terest or refuse to entend time fo~ payment or otherwise modiy_amortization of the sums secured by this Security Instrument by reason of arry demand made by the original Bonower or Bonower's successors in interest_ Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise ot any right or remedy. gu~ssors snd Auipr~s gound; .loint and g~~l LhbWIY; Co-sqnKa. The covenants and agreements of this Securiry Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and severai. Any Borrow~er who co-signs this Securiry I~strument but does not execute the Note: (a) is co-signing this SeCUrity Instrument only to mortgage, grant and convey that Borrower's inter~st in the Property under the ternns of this Security Instrument; (b) is not personaly obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and amr other Borrower may agree to extend, modiy, forbear or make any accommodations with regard to the ierms of this Security Instrument or the Note without that Borrower's consent 12. loan CharQes. If the loan secured by this Securiy Instrument is subject to a Iaw which sets maximum loan charges, and that law is finaly interpreted so that the interest or other loan char~es collected or to be oollect$d in connection with the loan exceed the permitted limits, then: (a) arry such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected (rom Borrower which exceeded permitted limits wiN be retunded to Borrower. 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 prepeyment without any prepayrtteM charge under the Note. 13. I.epistsbon Affectin~ lenders RiQhb. If enactment or expiration of applicable laws has the eitect ot rendering any provision of tt~e Note or this Security Instrument unenforceable according to its terms, Lender, at its option, may require immediate payment in full of all sums secured by this Security Inst~ument and may irivoke arry remedies permitted by paragraph 19. N Lender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. ~ 14. Notices. My notice to Bo~rower provided fc,r in this Securiry Instrument shall be given by delivering it or by mailing it by first ; class mail uniess applicable law requires use of another method. The notice shall be directed to the Property Address or any other address ~ i Borrower designates by notice to Lender. My notice to Lender shall be given by first class mail to Lender's address stated he~ein or any ~ ; other address Lender designates by notice to Borrower. My nodce provided {or in this Security Instrument shall be deemed to have been i given to Borrower or Lender when given as provided in this paragraph. ~ 15. Govemirp Law; Serersbility. 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 Instrument or the Note conflicts with applicabte law, ~ such conflict shall not affect other provisions ot this Security Instrument or the Note which can be given effect without t~e conflicting t provision. To this end the provisions of this Security InsUument and the Note are declared to be severable. € 16. 8orroMrer's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a~eneficial Intsrest in Barower. If all or any part of the Property or any inierest in it is sold or transferred (or if a beneficial interest in [iorrower is sold or transferred and BoROwer is nat a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full ot all sums secured by this Security Instrument. However. this option shall not be exercised by Lende~ if exercise is prohibited by federal law as of the date of this Security Instrumen~ M lender exercises this option, Lender shall give Bonower notice of acceleration. The no6ce shall provide a period of not less than 30 daya from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Securily Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may inwke arry remedies permitted by this Security Instrument without further notice or demand on Borrower. 18. BoROwers Ri~M b Reinstate. If Borrower meets certain conditbns, Borrower shal! have the right to have enforcement of this Security Instrument discon6nued at arry Gme prior to !he eariier of: (a) 5 days (or such other period as applicable law may speciy for reinstatemeni? betore sale of the Property pursuant to any pow~er of sale cantained 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 acceleration occurred; (b) cures any defauft of any other covenants or agreements; (c) pays all ~ expenses incurred in enforcing this Security Instrument, inGuding, but not limited to, reasonable attomeys' fees; and (d) takes such action . ~ as Lender may reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's ~ obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrow~er, this Securiy ~ InsVument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. ~ a 4q5 : : ?i?5 . ~ gooK 497 PAGE ~87 ~r;' ~ a.q.aa~ FLORIDA-81nsN F~mily-FNMA/fMLMC UNIFORM INSTRUMENT Fwm 301012/83 (3F F150025 7/!4 ~ - s,~ ~ ~ , ~ ~a.,: . _ _ - s-._~__ _ - ~