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Home My WebLink About0978 . , . ~ ~ If Lender roquired martgage insu:anu aa A condition of making the loan socured by this Security Instrument, j Bonower shal! pay the premiums requirod to maintain th~ insurance in effect until such time as the requirement for ct~e ~ insurance ttrminates in accordance with Borrower's and Lender's written agrament or applicable Iaw. ~ 8. Iaspe~etion. I.endar or its agent may malce reasonabk entries upon and inspections of the Property. i.ender shsll give Borrower notice s~t the ti;nc of or prior to an inspxtion specifying rcasoaable cause for the inspection. 9. Condemastion. The proc=eds of any award or claim for damages. direct or consequential, in connxtion wich any condemnatina or other tsking of any part of the Property. ar for uonveyance in lieu of condemnation, are hereby assignal and shall ~be paid ta Lender. In the event of a total taking of ihe Pruperty, the proceeds shall be appliod to the sums securcd by tfis Security instnunent. ahether or not thrn duq with any excess Qaid to Ba~rrower. In the event of a partial taicing of the Property, ~ unlsss Borrower and Lender otherwise agra in writing, the sums secured by this Security Inswment shall be raiuced by the amount of tht procoods multipliod by the following fraction: (a) the totai amount of the sums securod immodiately s ~befon the talcing, dividod by (b) ihe fair market value ~f the Pro~erty immediately before the taking. Any bal~nce shall be paid to Borrower. Yf the Property is abandoaed by Honewer. ar if. aftu notice by Lender to Borrower that the condemnor offers to malce an award or settle a claim for damages, Borrawer fails to respoud to Lendes within 3Q days after the date the notice is n given, Lender is authotizai to oollect and spply tbe proc~ods~ at its option. eithzr to restoration or repair of the Progerty or to tbe sums secured by this Security Instrumtnt, vrhether or not then due. Unlass Lender and Borrower othenvise agree in writing~ any application of procads to principal shall not extend or pastpone tht due date of the monthly paymtnts referred to in paragraphs 1 and 2 or change the amount of such pnymenis. 10. Barrower Na~ Re~ased; Forbeara,~ce By I.eader Not . Wd.er. Extension of the time for paymer+t or modifiCatioa of amortiution of the sums secured by this Security Instrumene granted by L~nder to any succes.sar in interatt of Borrower shall not operate W nlease the liability of the original Borrower or Horrow~r's su~cessors in interest. Lender shall not be required to comm~nce proceedings agaanst any successor in inter=st or refuse to eatend time for payment or othtrwise modify amortization of tht sums securefl by this Security Instrument by reason of any demand made by tht original Borrower or Barrower's successors in intere.st. My forbearancx by Lender in eaercising any right or reme~y shall not be a~vaiver of or proclude the exercise of say right or remedy. 11. Se~ooes~on and Aui~s Honod; Jolnt and Se~eral I3abillty; Co-si~ers. The cove*iants and agrcements of this Security Instrument shal! bind and benefit the successors and assigns of Lender and Borrower. subject t~ the provisions of paragraph 17. Borrowa's covrnants aad agreGmenta shall be joint and several. Any Borrower who co-signs this Security Instrument but does not executt the Note: (a) is co-signing this Security Iattrument only to mortgage, grant and convey that Borrovrer's int~erest in t}?~ Proptrty under the ttttns of this Security Instnimtnt; (b) is not personally obligatod to pay the sums secured by this Socurity Instrumcnt; and (c) agroes that I.ender and any other Borrower may agra to txtend, modify, forbear or malce uny ac,commodation~ with regard to the terms of this SeGUriry Instrument or the N~te without ihat Borrower's consent. 12. I.oan Cbarg~s. If the loan socured by this Socurity Inswment ts subjoct to s law which sets naxi~num loan 1 charges, and that law is finally interpreted so that the interest or other losn charges colloctod or to be collected in i i s~oar.ection with the loan exc~od the permittod limits, then: (a) any such loan charge shall be reduced by the amount ;1 nxassary to ratuce the charge to the permittal limit; and (b) any sums a.lready callected from Borrower which excoeded : permitted limits will be refunded to Borrower. I.eader may choas~e to make this refund by reducing the principal owed undtr the Note or by making a direct payment to Borrawer. If a refund reducts principal, the reduction will be treated as a ' ; partial prepayment withaut any prepayment charge under the Note. ~ ' 13. I.egislatioa Affecting I.eadq~'s Rigt~ts. If enactment or expiration of applicable laws has the effect of } ~ rendering any provision of the Note or this Securi.y Instnument unetsforceable ar,cording to i:s terms, Lender, at its option, may roquire immediate payment in full of all sums sccured by this Security Insirument and may invoke any remedies permitted by paragraph 19. If Lender exercises this option. Ler.der shall take the stcps specified in tht second paragraph of P~S~Ph 17. ' ` 14. Notlces. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by ~ mailing it by first class mail unlt,ss applicable law requires use of another method. The notice shall be directed ta the ~ Ptoperty Address or any other address Borrower designates by notice to I.ender. Any notice to I.ender shall be given by ~ first class msil to L~nder's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have bcen given to Borrower or Lender when given as provided ~ in this paragraph. 1S. Go~erning Lw; Se~etabili4y. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Pmperty is locatod. In the event that any provision or clause of this Security Instrument or the ~ Note con8icts with applicable law, such conRict shall not affcct other provisions of this Security Instrument or the Note ~ ~ which can be givrn effect without the con8icting provision. Te this end the provisions of this Security Instrument and the ~ Notc are dxlared to be severable. ~ ~ l6. Barrower's Copy. Borruwer shall be given one conformed copy of the ~1ote and of this Security Instrument. - 17. Transfa of the Property or a BeaeBcW Interest in Bormwer. If all or any part of the Property or any . intertst in it is sold or transferred (or if a beneficial interest in Borrower is sold or transfetted and Borrawer is no~ a natural ~ ~+erson) without Lender's prior writtm consent, Lender may, at its option, require immediate payment in full of all sums sxwed by this Sx~uity Instruinsn~ Howevtr, this option shall not be eaercised by Lender if exercise is prohibited by ~ fcder~l law as of the date of this Security Instrument. ~ If I,ender ezercises this option, Lender shall give Borrowtr noti~x of acceleration. The notice shall provide a period 7 of not Itss than 30 days fram the daie the notice is delivered or mailed within which Borrower must pay all sums secured by j ; this Socurity Instrument. If Borrower fails to pay these sums prior to the eapiration of this period, Lender may invoke any f remodies permittod by this Security Instruma~t without further natice or demand on Borrower. ~ 18. Borrower's Right to Reiostste. If Borrower mats certain conditions. Borrower shall have the right to have ~ enforcentent of this Security Instrument discontinuod at any time prior to the earlier of: (a) S days (or such other period as ~ applicable law may specify for reinstatement) before sale of the Property pursuant to any pow~r of sale contain~d ir this ~ Seeurity Instcumtnt; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower. (a) psys Lender all sums which thrn would be due under this Security Instrumrnt and the Note had no acceleration ~ occnrrod; (b) cures any default of any other covcnants or agroements; (c) pays all eapenses incurred in enforcing this ~ Sxurity Instrument, including~ but not IimiEed to, reasonable attorneys' feas; and (d) takes such action as I.ender may ~ reasonably roquirc W ass~ that the lien of this Security Iastrumrnt, Lender's right3 in the Prop~erty and Bonower's ~ obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and t~e obligations secuted hereby shall rtmain fully effective as if no acceleration had occurred. HowevGr~ this right ~o reinstat= shall not apply in the case of acceleration under paragraphs 13 or 17. ~ 6001i ~JVa7 PAGF ~7~~ ~ : - . - . t ~:.~.n:~. - ~ - - - ~.y. „ .w._. . ~ .r : - ~ _ . _ . . - - - - ~ ; . _ - _ _ _ ..._r . ~ ~