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Home My WebLink About0976 It lender required mortgage insurance as a condition of makingthe loan secured by ihis Secur'?ry Inst~ument, Barower shall pay ihe premiums required to maintain the insurance M ettect uMil such time as Ihe tequKement tor the insutance teiminates in acoordance with Borrower's and Lender's writte~ agreement or applicable law. ~ d. insp~ctlot~. Lender or its agent may make reaso~abte entries upon and inspections ol the Properiy. lender sha11 give 8orrowe~ notice a! the time af or prior to an inspection speCi(ying reasonable cause for Ihe inspection. CondNrlnatlon. The proceeds ot any award or claim !or damages, dired a consequential. in conneclion with any condemnatbn or oiher taking of any part of ihe Property, c~ for oonveyance in lieu oi oondemnation, are hereby assigned and shall be paid to Lender. In the event of a total i8king of ihe Prope~ty, the proceeds sh811 be applied to the sums seCUred by this Security Instrument, wheth~r or not then due, with any excess paid to Borrower. In the event ol a partial taking of the Property, unless Barower and Lender otherwise agree in writing, ths sums secured by this Security Instrument shall be reduced by tlte amount of tt~e p~oc:eeds muttiplied by the following fraction: (a) the tdal amount oi the sums secured immediately before ihe taking, divided by (b) the tair martcet`vatus of the Property immediatey before the taking. Any balance shal! be paid to BarowPr. I( the Property is abancfoned by Borrower, or 'rf, after noiice by Lender lo Borrower thal the condemnor offers to make an award or settle a claim tor damages, 6arowe? tails to respond to Lender within 30 days after the date the nolice is given, lender is auihorized to collect and appy the proceeds, al its option, either to restoration or repair of the P~operty or to the sums secured by ' this Security Instrument, whelher or not then ~e. - ' Unless Lender and BoROwer otherwise agree in writing, any application ot proceeds to priricipal sh2~ll nof extend or ; postpone the due date of the rr?oMhly paymenis reterred to in paragraphs 1 and 2 to change the amouni ot such payments. ~ 10. Borrower Not iiN~~isid~fb~~al~lrfik 9 lt~dK Not s WaivK. Extension of the time for payment or mod+ficatior~ r of amortization of 1he sums sec;urett `tiyf~if~~Ct(t~ty~tn~ttu~fiLiit`g~anted by Lender to any successor in interest of Borrower shap no1 operate io retease the tiabitify of the originai Borrowsr or 6orrawer's successcxs~in interest. Lender shall not be rE~uired to commenoe p~oceedings against any saccessot in interes! or refuseto extendtimefor payment or othervvisemodiTy amortization of the sums secured by this Securiry Instrument by reason ot any demand made by ihe original Borrower or Bo~rower's successors in interest. Any (orbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the ex~cise of any right or remedy. 11. Suc~tsort snd Aalyms Boun~ Jolnt and SwK~I LIaWINy; CaNqn~n. The covenants and ag~eements of this Security Instn~men! shall bind and beneiit the successors and ass.igns of Lender and Borrower, subject to lhe provisions of paragraph 17. Bonower's covenants and agreements shalt be joint and &everal. My 8orrower who co-sigris ihis Security Instrument but does not execute the Note: (a) is oo-signing this SecurAy lnslrument only io mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is nd personaly obligated to pay the sums secured by this Security Instrument, and (c) agrees that lender and any other Borrower may agree to extend, modly, forbear or make any accommodations with regard to the terms of this Securiry Instrument a the Note without that Borrower's oonsent. 12. Loa~ Ch~r~s. If the toan secured by this Security Instrument is subjed to a law which sets maximum ban charges, and that law is firialty interpreted so ihat the interest or other loan charges collected or to be collected in connection with the loan _ Px~PPri th~ ?ae~mitted limits, then: (a) any such loan charge shall be reduced by the amou~t necessary to reduce thechargetothe permitted limit; and (b) any sums alreaciy oollected from Borrower which exceeded permitted timits wili i~e refunded to ~~row~r. Lender may choase to make this re(und by reduang the principal owed ur~der ihe Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction wP11 be treated as a partial prepayment without any prepayment charge under the Note. 13. Le~blatlon AH~c11nQ I.~nd~s Rl~hh. It enactment or expiration of applicable laws has the ef(ect of renderingany provision of ihe Note or this Security Instrument unentorceable according to its terms. Lender, at its option, may requ~e immediate ~ payment in full of all sums secured by this Security Instrument and may invoke any remedies permilted by paragraph 19. If Lender exercises this option. ~ender shati taks the steps s~cifie ; in ih2 second paragraph ot paragraph 17. 14: Notlo~s. Any notice b Borrower provided for in this Security Instrument shafl be given by delivering it a by mailing it by first ctass mail unless applicable law requires useof another method. The notice shall be directed to the PropertyAddress a any other address Borrower designates by notice to Lender. Arry notice to Lender shal! be given by first class mail to Lender's address stateci herein or any other address Lender designates by notice !o Borrower. Any notice provided for in this Security Instrument shatl be deemed to have been given to Borrower or Lender when given as provided in this paragraph. - 15. 4a~rsrnlnp Law; Swerabllity. This Security Instrument shall be governed by tederal law and the law d the ~ jurisdiction in which the Property is located. I n the event that any provision or dause ot this Security f nstrument or the Note conilids with applicable law, such conflict shaq noi affec~ other provisions of this Security Instrument or the Note which can be given effect without ihe conflicting provision. To this end the provisions of this Security Instrument and the Note are deGared to be severable. 16. BoROwtrs Cop~?. Borrower shall be•given one contormed copy of the Note and of this Security lnstrument. 1T. Transt~r ot th~ P~operty or ~ 8an~fidr tntKat M Barower. !f aN or any part of ihe Properiy or any interest in A is sold or transferred (or it a beneficial interest in Borrower is sofd or transferred and Borrower is not a natural person) without Lender's ~ prior written consent, Lender may, at its option, require immediate payment in futl o! all sums secured by this Securiy Instrument. ~ Fiowever, this option shall not be exercised by Lender 'rf exercise is prohibited by federa! law as of the date of this Security lnstrument. If Lender exercises this option, Lender snaii give aorrower noii~e oi acc~ia ai~i. The n;,i:~ ~l:a;l;,;~:~i~ ~ p~~od o! noi less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Securiry Instrument. If Borrower 1ails to pay these sums prior to the expiration oi this period, Lender may invoke any remedies permittad by this Security Insfrument withoul (urther notice or demand on Borrower. 18. 8onowN's pt~M ta Relnstste. It eorro~~ver meets certain conditions, Ba~ower shall have the right to have ~ eniorcement of this Security Instrument d'+sco~tinued at any timeprior tothe earlier oi: (a) 5 days (or such other period as applicable law may specify tor reinstatemen!) betore sale of the Property pursuant to any power of sale contained in this Security Instrumeni: or (b) entry oi a judgment enforcing this Security Instrument. Those conc~tions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no accelerat'wn occurred; (b) cures any deiauR of any other covenants or agreements; (c) pays all expenses incurred in eniorcing this Security Instrument, inGuding, but not limited to. reasonable attorney's tees: and takes such adion as Lender may reasonabiy require to assure that the tien of this Security Instrument, Lende~'s righis in ihe Property and Borrower's obligation to pay ttie sums secured by this Security Instrumenl sha!! continue unchanged. Upon reinstatemenl by Borrower, this Security f nstrument and ihe obligations secured hereby shall remain futty eHective as if no acceleration had occurred. However, this right to reinstate shall no! appy in the case of accele~ation under paragraphs 13 or 17. 8o J t7 ~ P~6~0 9 7 5 w~a+ a,iw b~r a ww aeoxw a.~ s.p a neo¢~ vc _ . ~ -.r: - . - - _ _ . _ _ _ . - - ~ „r,;,,~,; ~ - - L 2 . ~~F~ - ` ~ ' . - . . ~ . T . _ . . ~ . . F