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Home My WebLink About0932 ~ ~ , . : ; If Lender roquired mortgage insurancx as s conditioa of ma{cing the loan secured by this Socurity Instrument, Borrower shaU pay the premiums required to maintain the insursnce in e~ect until such time as the requirement for the ~ insurancx ternunstes in accordance with Borrower'a and Lender's written agrament or applicable law. 8. Iarpecdoa La~der or its agent may make nasonabk eatries upoo and inspections of the Property. L.ender j sball give Borrower notioe at the time of or prior to an inspoction specifying reisonable cause for tbe inhpoctian. 9. Coodea~nadoa. 'The proceeda of any award or claim for damaga, direct or consoquential, in connection with ; any oondemnation or other taking of any psrt of the Property, or for oonveyana in lieu of condemnation~ are hereby ~ sssignod and shall be piid to Lender. E In the eveat of a total talcing of the Property. the proooods shall be applied to the sums securod by this Security Iastrument, whether ar not then due. with any ea~cess paid to Borrower. In the event of a partial taking of the Property. unlesa Borrower and Lender otherwise agne in writing. the sums securod by this Security Instrument shall be reducod by the amouat of the proceods multiplied by the following fraction: (a) the total amount of the sums socured immodiately ~befon the talcing, divided by (b) the fair ~arket value of the Property immediately befon the taking. Any balance shaU be paid to Bortower. If the Property is abandoned by Borrower~ or if. after notice by I.ender to Borrower that the condemnor otiers to make an award or setUe a claim for damages, Borrower fails to respond to Lender within 30 dsys aRer the date the notice is givea, I.ender ia autharized to oollect and apply tht prooeeds, at its option. either to restoration or npair of the Property or to the sums secured by this Socurity Iastrumeat, whether or not thrn due. Unless Lender and Bomowa othenvise agree in writing, any application of proceeds to principal shaU aot extend or poatpont the due date of the monthly psyments refened to in paragraphs 1 and 2 or change the amount of such paymcnts. 10. Borrower Not Rdwed; Forbear~ace By I.~ad~r Not a Wd~a. Extension of the time for payment or modi8cation of amortization of the sums secured by this Socurity Instrumeat granted by Lender to any successor in intengt of Bomoaer shaU not dperate w release the liability of the original Borsower or Horrower's successors in interest. Lendu shall not be required to commena proceedings against any sucoessor in enterat or refuse to eatrnd time for payment or otherwise modify amorti~tion of the sums secur~d by this Security Instrumcnt by reason of any demand made by the originat Bornower or Borrower's suoassors in interest. Any forbearance by Lrnder in exercising any rig6t or remedy shall not be a waivtr of or preclude the cacercise of any right or remaiy. ii. Sn~as a~d A~si~ Boa~ Jolat aod S~era! Liabiltty; Co-sipers. The oovenants a~d agrecments of this Secwity Inswment shall bind aad baieflt the suooessors and assigns of Lender and Borrower, subjoct to the provisions of paragnph 17. Borrowee'a oovenants and agroements shall be joint and several. Any Horcower who co-signs this Socurity Instrument but does not eaecute the Note: (a) is co-signing this Security Inatrument only to mortgage, grant and convey thst Horrower's iaterest in the Property under the terms of this Security Instrument; (b) is not personally obligated to paY the aums secured by this Security Iastrument; and (c) agrees that I.end~r and any other Borroaer may agree to eatend. modify, forbear or make any accommodations with regard to the tznns of this Socurity Instrumrnt or the Note without that Borrower's consait. 12. I.wa C1~uges. If the losa securod by this Security Instrumeat is subject to a taw which sets maximum loan eharges. and that law is finally iatetpretod so tbat the interast or other loan c~arges collectod or to be collected in oonnection with the loan exoeed the permitted limits, thea: (a) any such loan charge shall be reduced by the amount noo~ssary to reduce the charge to the permitted limit; and (b) any sums already coll~cted from Borrower which excoeded permitted Umits will be nfunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a diroct payment to Borrower. If a refund reduces principal, the reduction will be treatod as a partial pnpaymrnt without any prepayment charge under the Note. ~ !3. I.egWatlou Affectieg I.ender'e Rig6ta. If enactment or eapiration of applicable laws has the effect of rendering any provisioa of the Note or this Security Instrumrnt unenforceable according to its tenns, Lender, at its option. ~ may require immodiate payment in full of all sums securod by this Security Instrument and may invoke any rem~dies ~ ~ permittod by paragraph 19. If Lender exercises this option, Lender sbal! take the steps spxifiod in the second paragraph of ~ € paragraph 17. 14. Nodces. Any notice to Bonower provided for in this Sccurity Instrument shall be given by delivering it or by ~ mailing it by first clsss mail unless applicahle law requires use of another method. The notice shall be dirocted to the ~ ~ Property Address or any other addr~ss Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address statod herein or any other address Lender designates by notice to Borrower. Any notice ; ~ provided for in this Socurity Insttument shall be deeme~ to have boen given to Borrower or L.ender when given as provided ; in this paragraph. ; 1S. Go~erning Lw; Se~enbility. This Security Instrumtnt shall be governed by federal law and the law of the ; jurisdiction in which the Froparty is located. In the event that any provision or clause of this Security Instrument or the Note con8icts with applicable law~ such consict shall not affect other provisions of this Security Instrumrnt or the Note which can be given efftet without the conflicting provision. To this end the provisions of this Socurity Instrument and the i~iote are daclared to be severabl~. ~ 16. 8orrowu's Copy. Borrower shall be given one conformai copy of the Note and of this Security Instrument. 17. Tnssfer of tbe Property or a BeaeSdal Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a bene6cial interest in Borrower is sold or transferral and Borrower is not a natural person) without i.tnder's prior written consent, Lender may, at its option. reguire imme~iate payment in full of all sums secured by this Security Instrwnent. However, this option shaU not bs exercised by I.ender if exercise is prohibited by federal law as of the date of this Socurity Instrument. ~ If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period ~ of not Itss than 30 days from the date the noticx is delivered or mailed within which Borrower must pay all sums secured by ~ this Secutity Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any remedies permittod by this Socurity Instrument without further notice or demand on Borrower. l8. Borrowa's RIg6t to Reia~te. If Borrower meets certain conditions. Borrower shall have the right to have eaforcemtat of this Security Instrument discontinued at any time prior to the earlier of: (a) S days (or such other period as ~ appGcabk law may specify for reinstatemrnt) before sale of the Property pursuant to any power of sale contained in this ~ Security Instrument; or (b) entry of a judgment enforcing this Socurity Instrument. Those cnnditions are that Borrower. (a) pays Laider all sums which then would be due under this Sxurity Instrument and the Noto had no acceleration occurred; (b) cures any default vf any other covenants or agrecments; (c) pays all expenses irecurrod in enforcing this Socurity Instrumrnt, including. but not limited to~ ressonabk attomeys' teas; and (d) takes such action as I.ender may reasonably roquire W sssun that the lien of this Security Instrument, I.ender's rights in the Property and Borrower's obligation to pay the sums seceu~d by this Security Instrument shall continue unchanged. Upon reinstatement by Borrowa, this Socurity Instrument and the obligations secured hueby shall rsmain fully e6ective ac if no acceleration had occurred. I~owever~ this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. BooK5fl1 PacE 930 . ...~.__.~.~.~v~; . . - - - _ . ~ - - - ~ - ~ _ _ ~