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Home My WebLink About0950 ' I . (f ~ender required :nortgege insurance a~ a condiiio~ of maki~g the loan secured'~y this Security Instrument, 8orrower shaU pay the premiums required b mainiain the insurance in eHeCt until such time as the requirement for the insurance terminates in accordance wiM Borrow~er's and Lender's written agreement a appUcabie law. 8. Msp~ctbn. Lend~ or its egent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time ol or priw b an inspection speciying reasonable cause for tfie inspection. g, Co~dhnnatio~, The ptoceeds of any award or daim for damages, direct or consequential, in connection witn any condemnation or other taking of any part of the PropeA~, or for conveyance in Neu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a toial taking of the Piroperty, the txoCeeda sF?all be applied to 1he sums secured by this Security Instrument, whether or not then due, with arry excess paid to Borrow~er. In the event ol e partial taking of the Propery, unless Borrower~and Lender ott~erwise agree in wriiing, the sums secured by this Security ingUument shall be reduced by the amount oi the proceeds multiplied by the foltowing t~action: (a) the total amount of the sums secured immediately betore the taking, divided by (b) the fair market value of the Property immediately before the taking. My balance s~all be paid to BoROwer. If the property is abandoned by Borrower, or if, aRer notice by Lender to Borrower that the condemnor oNers to make an award ar settte a claim for damages, Bonower fails to respond to Lender within 30 days aher the date ti~e natice is given, lender is authorized to collect and appy the proceeds, at its opdon, either to restoradon or repair of the Property or to the sums secured by this Security ~ Instrument, whether or not 2hen due. Unless Lender end Borrow~r otherwise agree in writing, any application ot proceeds to principal shall not extend or postpone the due date ot the monthy payments referred to in paragraphs t and 2 or change the amount of such payments. , ~p. gomww~ Not pdsased; Forbeeraoos By Le~~der Not a YWivar. Extension of the tirt~e tor payment or modification of amortization of the sums secured by this Securiry Instrument granted by lender to arry successor in interest oi Borrower shall not operate to release the liabiliy of the original Borrower or Eiorrower's successors in interesl. Lender shall not ba required to commenCe proceedings against arry succassor in interest or refuse to entend time for payment or otherwise modity amortization of the sums secured by this Securiry Instrumsnt by reason ot any demand made bY the original Borrow~er or gwrower's successors in interes~t. Any forbeara~ce by lender in ' . exercis~ng any right or rem~dy shall not be a waiver of or preclude the exercise of any ~ght or remedy. ~s~ors and pss~ns gound; Joint ~d g~verat LlabiNh?; Co-si~ners. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject ta the provisions af paragraph 17. Berrower's covenants and agreementg shall be joint and several. My Borrower who co-signs this Security InsUument but does not execute the : Note: (a) is co-signing this Security Instrument onty to mortgage, grant and convey that Borrower's interest in the Propert~+ under the terms of this Security InstrumeM; (b) is not personalty obligated to pay the sums secured by this Security InsUumeM; and (c) agrees that Lender and arry other Borrower may agree to extend, modily, forbear or make any accommodations with rega~d to the terms of this Securiiy Instrument or the Note without that Bonower's consen~ ; 1Z, Losn Char~es. tf the loan secured by this Security Instrument is subject to a law which seis maximum loan charges, and that law is finally interpreted so that the interest or other ~oan charges call~cted o~ to be collected in connection with the loan exceed the permit#ed limits, then: (a) arry such loan charge shall be r~duc:ed by the amou~t necessary to reduce the charge to the permitted limit; and (b) any sums already coliected from Borrower ~vhich exceeded permitted Gmits will be refunded to Borrower. l.ender may choose to ; make this refund by reducing the principal owed under the Note or by making a direet payment to Borrower. If a refund reduces ~ principal, Me reduction wil! be treated as a partiat prepayment without arry prepayment charge under the Note. 13. Lepislstion Aibctin~ Lenders Riqhts. If enactment or expiration of applicable laws has ihe effect of rende~ng any provision ~f the tVote or this Security instrument unenforceable according to its terms, Lender, at its option, may require immediate payment in full af all sums secured by this Security instrument and may invoke arry remedies permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Noticss. My notice to Barrowsr provided for in this Securiry Instrurtsent 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 dire~cted to the Property Address or any other address Borrower designates by notice to Lender. My notice to Lender shall be given by first class mail to Lender's a~dress stated herein or any other address Lender designates by notice to Borrower. Any notice p:ovided for in this Security lnstrument shall be deemed to hsve been i given to BoROwer or Lender when g9ven as provided in this paragraph. ' 15, Gaverniny Law; Seversbifity. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which ~ the Prooerty is locat~C. In the event that any provision or clause of this Security lnstrument or the Note conflicts with applicable law, ~ such conflict shall not aff~ct other provisions of this Security Instrument or the Note which can be given effect without the conflicting F prrnrision. To this end the provis~ons of this Security Instrument and the Note are deGared to be severable. ~ 1g, gorronr~'s Copy. Bosrower shall be given one coRformeKJ copy oi the Note and of this Security Insirument Tra~sfer Q} the properiy or e Beneficial Interost in ~orrowef If all or arry part of the P~roperty or any interert in it is sold or transferred (or if a beneficial interest in Borrower is sold or iransferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. How~ever, this opGon shaB not be exercised by Lende~ if exercisQ is prohibited by (ederal law as of the date of th~s Security {nstrumenl If Lender exarcises this option, Lendes shail give Borrower notice of acceleration. The notice shall provide a period of noi less than 30 days from the date the noGce is delivered or mai{ed within which Borrow~er must pay all sums secured by this Securiry Inst~ument. If Borrower fails to pay these sums pria: to the expiration of this period, Lender may invoke any remeciies permitted by this Securiry instrument without further no6ce ar demand on Bo~rower. 18. Borrowrr's Ri~1et to Reinstate. ff Borrower meets cer`tain conditions, Sorrower shall have the right to have enforcement of this Sec~rity Instrument discontinued ai arry time prior to the ea~iier of: (a) 5 days (or such other period as applicable law may specify for reinstatement) befofe sale of the Property pu~suant to arry power of sale contained in this SECUrity Instrument; or (b) entry of a judgment enforeing this Security Instrument Thase conditions are that Bflrrower. (a) pays lender all sums w4`tich then would be due under this Security InsUument and the Note had no accele~ation occuned; (b) cures any default ot arry other co~enants w agreements; (c) pays aN expenses incurred in enforcing this Security Instrument, inGuding, but not limited io, reasonab{e attorneys' (ees; and (d) tak~s such action ~ as Lender may reasonaWy require to assure lhat the lien of this Security fnstrument, Lende~'s rights in tt~e Rroperty a~d Borrower's oWigation !o pay the sums secured by this ~ecurity Instrument shall continue unchanged. Upc~n reinstatement by Borrower, ti~is Security InstrumeM and the obligations sacured hereby shall remain fulty effective as if no accelaration had t~ccurred. However, this right to : einstate shall not appty in the case of acceleration under paragraphs 13 ~r 17. ~ ~.~.,d. R 503 FLORIDA-8MqNF~mRr-FNMA/FHLMCUNIFOfiM!lfSTRUMENT aQI~K ~i ;E 9L~9 Foreef301012/83 f3F FLS002S 7/!4 _ _ - - ~ _ . ~ . :e=~ - - ; . ~ f„~~-^•