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Home My WebLink About0959 • Any amuunis di~hur,r~l t~y~ l.en~ler undcr this p:~r,~gr~pk~ 7~h~?li+hcr~nur ,ut~litiun;~l ~Icl~t u!' Bi~rm~~~tr ,rt•urc~l hy ihi. Srrurit~~ ~ Instrum~ nt. Unlcx~ I3u~rus~~cr and l.cndcr agr~c tu uther tcrm~ at~ payrimnt, thc,e anwunl, ,hall lxar int~rc~t fmm 1hr ~iatc ~~f ~li.hur.rmcnt i ;~t ~he Notc rutc and shalf tx payf~hlc. ~~~ith int~rc.t, upcin ni~ticc l~rum Lrndcr to l3orrowcr reyur`ting papm~nt. ~ li~ l.ender reyuired nu?riguge in~urance a+ a r~mditiun of making thr loan scrur~~i hy thi. Se:cii~ity In~trumrnl. 13~~rru~~~~~r ~h:ill ~ pay the premiums reyuired tu ~~~aintain thc inxuranre in cftect until such tim;r as the reyuirentenl l~or the insurance tcrminute~ in arr~intanc~ ~~~ith F3ur~~~~ve~'s and Lendcr'~ written agrecntcnt ur applir.?hlc l~~~i~. 8. Inspection. [,~ndcr ur it~ agcnt may makc rcasun~~blc cntrics u~wn an~l insjxctiuns uf th~ Pr~?~xrty. Lcn~lcr ~hal1 gi~•c Ri~rru~~cr nuticc at thc timc ~if ur priur to a~z insfxrti~m s~x:cifying rcasonuhlc rausc ti~r thc inspection. 9. Condemnation. Thr pnxccds ut~ any award or ct;~im ti~r damagc., direct or cun~cqucnlial. in cunncrtiun with any randrmnuticin or uther t~+king oPany p:ut ~~i'the Pro~rty, or tiir runvcyance in liei~ ofc~~n~lcmnation. arc hcrcby a~signe~t an~l shull tx; paid tu t.cnder. In thc cvcnt uf a total taking ot~ thc Propc:rty, ihc prl~cccds shall bc applicd to thr sums sccurrd hy this Sccurily Instrumrnt, whethcr ur not thcn di?c, «~ith an~~ cxcess paid tu Bt~rrowcr. in thc evcnt c~f a part+al t~iking ol' Ihc Propt:rty, unlcss f3orr~~~vcr and t~ nder ~nhen~~isc agrce in writing, the sums u:curcd hy this Srcurity lnstrument shall lx: rcduced h~~ the amount ut'thc pnxceel~ multiplied by the ti~llu~ti~ing fraction: (a) the total amount of Ehc sums secured immediately hciure the taking, divi~lcd hy tb) the lair markct ~~aluc uf~ th~ Property immedi~tely bel'ore the taking. Any balance shalt bc paid to Ror~o~ti~er. ' If the Property is ~~handoned hy Sorru~ver, or if, attrr nuticc by Lender tu Borro~vcr that thc cundrmnur ofl'ct's ta m:tke an aia~.~rd ar scttlc a claim tor dantages, Borro~+•cr t:tils to resp~~nd 1u Lcndcr ~?~ithin ~Q days attcr th~ datc thc notirc is gi~~cn, Lcncfrr ~ is authorircd to cotiect and apply tt~e pr<xccds, at its uptit» i. cithcr to restur;~tiun ur rcpair o( thc Pm~x rty or tu thc ~ums srcurc~l , by this Sccurity Instrument, whcthcr or not thcn duc. ~ Unless Lender and Borrower other~vise agrec in writing, ~ny appliration ~~f pr~xeed~ tu principal shall nut cxtend or posl~xme ~ ~ the du~ date of' the monthly payments refcrred to in par~graphs 1.ind 2 or change the amount of ~uch pay?nents. ' f 10. Borrow~er Not Keleased; Horhearance S~~ i,cnder Not a~i'ai~~er. Extcnsion of thc time fur paymrnt ur mudilicatiun ol~ ~ amonization of the sums sccured by this Security Instrument granted hy Lender to any sucrestor in interest of E3orro~ti-cr sh:+N nut o~rate tu r '''~i~`~ riginal Borrciwcr or Borrower's succcssurs in interest. [.en~cr ~hal! nc?t he rcyuircd t~~ commrnce pnxecdi ~q~.~'i~1'4'IrTntcrest or refuse to ex~cnd timc li~r payment or oth~nvisc moclify aiz~~~rtization of ~he ~umti sccurc~ hy this unty 11~'dl~~~l'~pr~q~ny demand made by the origii~al Borruwcr or Borrowrr's sucie~surs in intrrest. Any liirtxaranc~ ny Le ~~~qKi~t remedy shall not be ~~ti~:tiver uP or prerlude the exercise of :~ny right c~r renmd~•. 11. ors and Assigns Baund; Joint ~nd Severa! I,iabllit~~; CQ-si~ners. Thc covenants and agrec~i~cnts ~~f this Securit~~ In~;trument shall bind and bcnefit the successors and assigns of Lcnder ar~d Borruwer, suhjert to the pro~~isions of paragraph 17. [iorruH~rr'ti ~ covenants snd agreements~shall be ji~int and several. Any E3orro~ver who co-sign4 this Security Instrument hut d~~s not cxcrute thc N~~te: (a) is co-signing this Security lnstrument only to mortgage, grant and convey that Borro~aer's intcr~~t in the Propert~~ under ` the terms ol' this Security In~t~uri~cnt; (b) is net pers~~nally ubligated tu pay thc sums serurcd by~ this Security Instrument: :~nd (c) agrecs that Lender and any other Burrowcr may ~~grcc t~~ c~tcnd, mociify, fcirtxar or i1~~ke any arcouimz~cfatiuns ~vith rc~ar~i t~~ thr terms uf this Security Intitrument ~~r the Note withuut thut Borrou~er's cunsent. !2. Loan Charges. If ihe loan secured by tl~is Security lnstrument is subject to a ia~~~ ~ahich sets ma~imuii~ luan rh~~rgrs, and "r that la~v is finalty interpreted tio that the interest ~ar uther loan charges collected or to tse rollected in conncctiun with the luan exceed ` the pe.rmitted lin~its, then: (a) any such luan charge shall tk reduced by the amount neces~ary to reducr the rhargc ti~ ~hc Exrmittc~ limir, and (b) any sums already ca(Iected 1'som 8orcawer which exceeded permitted limits ~~ill be: refunded ~u Borrc~wer. i.ender may chtx~se to make this refund by reduring the principa! owrd un~ier the Ni~ti or by making a direct p~yment to Borro?ver. It a refund i~ reduces principat, thc reJuctian will be trealed as a partial prepayment without any prepayment rharge under the Nute. 13. I.egislation Affecting I.ender's Rights. !f enactmcnt or expiration of applirable laa~s has th~ etfec;t of rendcring an}° prc~visic?n ~~f thc Note or this Securiry [nstrument unenforcea6le arcording to its terms, Lender, at its option, may reyuire immcdi~te payment in full of all sun~s secured by this Security lnstrument and may invoke ~ny remcdies permitted hy par:+graph 19. It l.rnd~r exerrises this uptiun, Lcnder shal! take the steps speri(icd in the second paragraph of paragraph 17. IA. Noticfs. Any notice to Borrowcr provided fc~r in thit Sccurity Inst~umcnt shall bc givcn hy dctivcring it ~ir hy~ mailing it hy tirst class mail unlcss appticabtc taw requires use o( another mithoci. The,r~otire shatt be directcd to the Prupc;rly Address or any other address Borrawer desig~ates by nutice to Le:nder. Any notice to Lcnder tihall bc given hy first class m~il to l,ender's address stated herein e~r any othcr address Lender designates by noticc to B~~rrower. Any natire provided for in this Serurity tnstrument shalt x bc~ deemed te~ have becn given to Borrower or L.cnder when given as provideJ in this paragraph. { I5. Governing I.a~~~; ~e~•erAbilit~•. This Scrurity lnstrument shall be gc»-crned by fcdcral law ;~nd thc law u! thc jurisdirtion ' in which the Property is Iexated. !n the event ~hat any pro~~ision or rlaux of this Serurity Instrar~~ent or the Notr rontlicts ~vith applirablr taw, such contlirt sha!! not affect other provisians of this Security instrumm~t or the Note vyhich can tx; gi~~en effect without thr rontlicting ~ provision. Tt~ this end the provisions of this Security {nstrument and the Note are declared t~~ he sevcrable. ~ 16. Borrower's Copy. &rrrower shall be givcn one conformed copy of the Note an~ of this Security Instrument. 17. Transfer of the Propertr or a Bene~cial Inierest in Borro~~~er. If aH or any part of thc Prupc~rty ar any intcre,t in it ~ is sold or tran(erred (c~r if a benefic+al interest in Borruwer is sold or transfcrreil and Borruwer is nut a natural prrson) ~?-ithout Lender'~ r prior written conscnt. Lender may, at its option, require immediate payment in fu[t of all wms serure~ by this Security Instrwnent. i However, this optian shall not be exercised by Lender if exercise is prohihited hy federal taw :~s of the daie ~~t~ thiti Security Instrument. If Lender exercise.r- this opiion. Lender shall give Bc~rrower notice of acceler:~tion. The nutice shall prciviJc a~ric~ oi~ nat ~ less than 30 days from the date the notire is detiverec! or mailed within which $nrrower must pay atl sums secumd by this Security ' . Instrument. If Borrower taits ta pay these sums prior to the expiration of this peri~xl, Lende~ n}ay imokc any remedies permi~ted F by this Sccurity instruritent without further nc~tirc e~r denzand un Borruwer. 18. Borrower's Right to Reinstate. (f Borrower meets certain conditians, Borrower shal) have the right tu have enfiircement of lhis Sesurity Instrument discontinued at any time prior to 1he earlier c~f: (a) 5 days (ur Such other period ~s applirahle law may { specify for reinstatement) befare sale of the Propcrty pursuant to any power of sale containecl in this Srcurity inslrument: or (b) entry of a juclgment enforcing this Security Instrument. Those canditions are that Borrower: (a) pays Lender all sums whirh then woutd be due under this Security Instrument and the Note had no acceleration ocrurred; (b) rures any default nt' any other rovenants or agreements; (c) pays all expen~ses incurred in enforcing this Security In~trument, including, but not linuted to, rcas«nabie alt~rneys' ~ fees; and (d) takes such action as Lender may reasonably require to assure that the tien af this Security Instrument, Lender', rights ; in the ProEserty and Borrower's abligation to pay the sums secured by this Security Instrument shall continue unchangeef. Upem i reinstatement by Borrower, this S~curity Instrument and the obligation~ secured hereby shall remain ful(y effective as if ncj ;~cceferation had c~eurred. However, this right tci re+nstate shall rtot apply in the case of acceteration under paragraphs 13 ctr 17. ; i ~ ' ~ i ~ , : t t ~ ~ S? 2 ~ ;l . f ~