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Home My WebLink About0956 . . _ . ff Le~der requireJ muregage insu~ancr a~ a ronditiun cff making the Juan secured by this Securiry ln- strument, H~~rrower shall pay the premiums requirrd tu maintain the insurancr in effect until such timr as a rrquirement fur rhe insurance [erminares in accordance with Borruwer's an.1 l.endrr's writtrn a~reemrnt or applic~blr iaw. 8. Inspection, LenJer ur its akene may make rrasunablr entries uExm and inspecciuns ~>f the Nn~~r~y. I.cnder sh~ll ~;ive H~~rruwer nucice ac the eime ~>f ur priur cu an inspectiun s}xcif~~ing reasunabie cause fur che insperciun. 9. Condemnation. The pnxer~is uf ~ny award ur claim fur damages, direcc ~?r cunsequeniial, in ce~nnertii~n with any cunefemnatic~n e~r urher takin~; uf any part uf the Yn~per~y,or fur rum•eyance in liru uf cunde~nnatiun, are hrreby assikned and shall be paid tu Lender. % In ehe evenc uf a wtal taking ~~f ehe Propercy, che pnxec~ls shall be applied tu ~he sums secured by ehis Securiey ` lns~rumrnt, whreher or not ehen due, with any excess paid tu Burn~wer. In the e~•ent of a parcial takingcsf tl~e PruFserty, unless - Hurruwer and Lender otheru•isc agree in writin~, the sums serureel by this Sccurity Instrument shall be reducrd by the amutmt - of ~he pnxeeds mulciplie~i by the folli,wing fracciun: t_~) the tocal am~~u~c uf chc sums secured immediately bef~?re caking, di~~ided by 1b; the fair marke~ value ~~f the Proprr~y immediacel~• beh~re che taking. Any balance shall be paid tu Borrow~rr. lf the Pruperty is abandoned by Burrower, or if, afrer nucire by I.ender tu Burrow•er thac che cundemnur uffers cu m~ke an uward c~r settle a daim f~x damages, Hurrc~wer fai[s to respond tu t.ender w~irhin 30 days afrer tt~e dste che n~~tice is ~;ii•en, Lender is auchurized to cullerc and apply the prcxeecls, at its optiun, rither u~ resturatiun ur repair uf the Prupert~~ or tu ~he ~ sums secured by this Securic~• lnstrumenc, whether ur nut then due. y Unless Le~~der and Borrower utherwise agree in writing, any application of prixec~s tu principal shall nut extend ur puscpune the due date of ~he mon~hly paymencs referred to in paragraphs 1 and ? or change cne amc,unc of surh paymenes. 10. Borrower Not Released; Forbearance By Lender Not a Waiver. Excensicsn of the cime f<~r payment or m~xlification uf amortizacian of che sums seci+red by chis Security Inscrumen~ gramed by l.ender tu any successor in inreres~ uf Bcxrower shall nut uperace cu release che liability of the original Burrower ur Burrower's sucress~~rs in interest. Lender shall not be required w commence pn,ceedings againsc any successor in interese or refuse tuexcend cime fur pa~~menc ur ucherwise mudify amurcizatioR of the sums secured by this Security Instrumenc by reasun uf any demand made by~ che uriginal E3urruwer or Burruwer's successors in interest_ Any forbearance b~~ 1_ender in exercising any right or rernedy~ shall n<n be a waiver of or prectude ehe exercise of any right e>r remedy. 1!. Successors and Assigns Boand; Joint and Several Liability; Co-signers. The cuvenants and ~greements uf this Serurity Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject ce~ the pru~~isiuns ~~f paragraph 17. Borrow•er's eovenants and agreements shall be join~ and severaL Any~ Burrower whu co-signs this Srcuric~• Instrument but does ~ot execute the N~zte: ! a) is co-signing this Securit}~ Instrumenr only to mortgage, grant and cum~ey~ rhst Burruwer's interesc in the Property under the ~erms vf this Security lnsrrument; Ib) is nut persunall~• obligaced u, pay thc sums secur~~l by this Security Instrument; and (c) agrees that I.ender and any ~~ther BorruW~er map agree co exrend, m~xiify, furbe~r or m3ke any accumm~xlacions with regard to the rerms of this Seairicy lnstrumcnc or the Nute wi~huut thac : k3orn~wer's consent. 12. Loan Charges. If the i~~an secured by this Securiry lnscrument is subject ~o a I:~w~ which sers n~axirnum loan charges, and chat I~w is finally interpreted so that the interest ur other luan charges rollecced ur tu be collected in connection with the luan exceed t5e permitted limits, then: ~a) any such loan charge shall be reduced by~ the amuunt necessary to redure the charge to the permitted limic; and (b> any sums already collected from Borruwer which exceeded permitted limits w•ill be refunded to Burrower. Lender may ch~~se to make chis refund by reducing che principal uwed under the Noce or by making a direct paymenc to E3orrower. If a refund reciuces principai, rhe reduction will be treated as a partia! prepayment withuur any , prepaymenc charge under the Ncite. : 13. Legislation Affecting Lender's Rights. If enaccmenc or expiratiun uf ~ppticable laws has the effea uf rendering any~ pru~•ision of the Nute or this Security lnstrument unenfurce~ble according to its terms, Lender, at its upti~m, may require _ immediate payment in futl of all sums secured by ehis Security Instrument and ma}' inw~ke any remedies prrmitteJ bp paragraph l9. If Lender exerrises this option, Lender shall take the steps sperifiec~ in rhe second paragraph i~f paragraph 17_ 1-€. Notices. Any n<~tice to Borruwer pruvided h~r in this Security Inscrument shall be given by deli~~ering it or by~ mailing it by firsc class mail unless applicable law reyuires use uf anuther mechexl. The no~ice shall be direcced co che Propere~~ Address or any other address Borrower designates by nocice to l.ender. Any notice to l.ender shall be gi~•en b}~ first class mail cu Lender's address scaced herein c~r ar~y oeher address I.ender designates by norire co Burrc~wer. Any~ notice pru~-ided fur in t his Securicy Instrumenc shali be deemed to have been given to Borruwer ur l.ender when given as provided in this paragraph. 15. Governing f.aw; Severability. This Securiry Ins~rumenc shall be gu~~erned by federa) law and the law of the i jurisdiction in which the Prvperty is Icxated. ln the e~~ent chat any pruvision ur clause uf ehis Security Instrument or the Nure conflicts with applicable law, such conflic~ shall not affece ~~ther provisions uf this Security Instrument or che Note w•hich can ` be gieen effect without the conflicting provisicin. To ~his end the pruvisi~?ns of this Security Instrument and the Nute are J declared co be severabte. ~ 16. Borrower's Copy. Borrower shall be given one cunformed cupy of ehe Noce and of ehis Securic~~ Instrument. 17. Transfer of the Prapercy or a BeneEicial lncerest in Borrower. If all or an~~ p~n uf che Yrupcrty ur an~~ interest in it is sold or transferred (or if a beneficial inrerest in 8urrower is sold or transferred and Borre~wer is nut a natural persun) without Lender's prior written cunsent, l.ender may, at its uption, reyoire immediare payment in fult of all sums _ secured by this Security Inscrument. However, chis option shall not be exercised by I.ender if exercise is prohibired b~• federal f~ law as of the date of this Security Instramenr. lf Lender exercises chis uption, Lender shall give Horrower no~ice uF acceleration. The nutire shall proride a period of noc less chan i0days from che dace che nocice is delivered or mailed wichin which Borrower must pay all sums secured b}• this Securitp Inscrumenc. lf Borrower fails co pay these sums prior to the expiration uf this peri~x~, I.ender may invoke any remedies permieteci by ehis Securicy lnstrumenc wichuuc further nocice ur demand on Borruwer. 18. Borrower's Right to Reinstate. !f Burrower mee~s certain cvnditiuns, Burrower shall have the right to have enforcement of this Security Instrumene discontinued at any time prior to ehe earlier of: (a) 5 days (or such other pericx! as applicable law may specify fur reinstacement ) befure sale of the P~operty pursuant to any power of sale contained in this Sr- ~ curity Instr~menr, or {b> entry uf a judgment enfurcing this Securit}' (nstrument. Those conditiuns are that Borroa-er. (a) ~ pays I.ender alt sums which then wo~td be due under rhis Securicy Inscrumenr and ehe Note haa no acceleration excurred; (b) cures any de(ault ~~f any vtherconvenants ur agreements; (c) pays all expenses incurred in enforcin~ this Security Instrument, ~ intluding, bue not limited tu, re:~sonable attorneys' fees; and td~ takes such actiim as Lender may reasonably require co as- sure tha~ che lien of chis Securi~y Inscrumenc, Lender's riRhts in the Prupert}' and &~rcower's obligation to pay the sums ~ secured by chis Securicy Instrumenc shall cuneinue unchanged. UExm reinseatement by &~rruwec, chis Security tnstrumenc and the obligations secured hereby shalt remain fully effective as if no acceleratiun had ixcurred. However, this right t~~ reins~are shall nut apply in the case uf arcelerarion under paragraphs 13 or 17. B~p 5 2 6 P~6~0 9 5 I i - - ~