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Home My WebLink About0951 . . _ „ • , i . . . , J i~ ~ . • If L~.mder roquired mortgage inswxncc as ~ oondition of a~aldng the loaa aecured by tlrh Security Instrumer~t, Borrower shall pay the premiums roquirod to nsaintain the inaurana in dfect until auch time aa the roquinment for tbe insurance terminates in socordaace with Borrower'a and I.endet'a written agroana~t or spplicsbk laM. 8. Io:pation. Lender or its agent muy uu~ke raua~abk eatries upon and inapections of the Property. I.ei~der shall give Borrower eotioe at the time of or prior to aa inspection apocifying rasonabk cuue for the intpection. , 9. Coademaadon: The provoeds oP aay award or claim for damages, direct or oonaequrntial. in ca?necti~ with any condemnation or other taking of any part of the Froperty~ or for oonveyance in lieu of oo~demnation. an here~y assigned and shall be paid to Lende~. In the event of a total taking of the Property~ the prooeeds shall be applied to the auma aecured by this Security Instrument~ whether or not then due, with any excess paid to Borrower. In the eveat of a putisl t~Jcing of the Property, ~ untess Borrower and I.ender otherwise aga in ariting. the auma securod by thia Security Instrument shall be red~wod by ~ the amount of the proceeds multiplied by the following frection: (a) the total unount of the auma secured immediately before the taking. divided by (b) the fair market value of the Property immadiately before the taking. Any balana shaU be :j paid to Borrower. If the Property is abandonod by Bonower. or if. aRer notia by Lender to Borrower that the oondemnor offers to make an award or settle a claim for damages~ Horrower fails to respond to Lender within 30 days aRer the date the notice is ' given, Lender is authorized to collect and apply the proceeds, at its option. either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether os not thtn due. Unless Lender and Borroaer otherwise a~rez in writing; any applicaaon of proceoda to princiQal ahall not eaetend or - postpone the due date of the monthly payriients referrd~ to in pnrsgrapha 1 and 2 or change the amount of auch paymenta. 10. Borrower Not Rete~scd; Forbeanu~ce By I.ea~r Not a Wdvcr. Factension of the time for payment or modification of amortization of the sums socurod by this Security Instrument granted by Lendtr to any auocessor in ~ interest of Bonower shall not operate to relesse th~ liability of the original Bonower or Bomower's suocessors in interest. Lender shall not be requirod to commena proceedings against any sucassor in interest or refuse to extend time for - payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Bonower's successors in interest. Any forbearance by Lender in exercising any right or rtmedy shall not be a waiver of or proclude the exercise of any right or remody. il. Successors and Assigns Bound; Joint and Se~aai LisWlity; Co-signers. The covenants and agaments of this Security Instrument shall bind and benefit the sucassors and assigns of Lender and Borrower, subjoct to the provisions of paragraph 17. Borrower's covenants and agrcements shall be joint and several. Any Borrower aho co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Socurity Instrument only to mortgage. grant and convey that Borrower's interest in the Property under the terms of this Socurity Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agras that Lender and any other Borrower may agree to eatend. modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12. Loan Charges. If the loan securod by this Security Instrument is s4bject to a Iaw which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collxted or to be collectod in connection with the loan exceed the permittod timits, then: (a) any such loan. charge shall be reducrd by the amount necessary to reduce the charge to the permittod limit; and (b) any sums already collectod from Borrower which eaceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. . 13. Legislatlon AfTectiag Lender's Rig6ts. If tnactment or ezpiration of applicable laws has the eflect of rendering any provision of the Note or this Security Instrument unenforceable aa.ording to its terms. L.ender. at its option. may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remodies permitted by paragraph .19. If Lender exercises this option, Lender sha11 take the steps specified in the sa:ond paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instrument 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 directod to the Property Address or any other address Borrower designates by notice to I.ender. Any notice to Lender shaU be given by first class mail to I.ender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be dcemed to have ban given to Borrower or Lender when given as provided in this paragraph. 15, Governing I.nx; Sevenhility. This Security Instrument shall be governed by foderal law and the law of the jurisdiction in which the Property is locatod. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not a6'ect other provisions of this Socurity Instrument or the Nott which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower's Copy. Bonower shall be givcn one conformod copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneflc~sl Inttrest in Borrower. If all or any part of the Property or any i interest in it is sold or transfened (or if a beneficial inte~est in Borrower is sold or transferred and Horrower is not a natural i person) without Lender's prior written consent, Lender may. at its option, requirt immediate paymrnt in full of all sums secured by this Security Instrument. However, this option shall not be exercisod by L.ender if eaercise is prohibitod by federal law as of the date of this Sxurity Instrument. If Ler?der exercises this option, Lender shall give Borrower notice of acceleration. The notic~ shall provide a period ~I of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums securod by this Security Instrument. If Borroiver fails to pay these sums prior W the expiration of this period, Lenda may invoke any remcdies permittod by this Security Instrumait without furtber noticx or demand on Borrower. i$, Borrower'~ Rigbt to Reissbta If Borrowa mata certain conditioris, Horrower sl~ail have the rigbt to 6ave I enforcement of this Security Instrumtat discontinued at any time prior to the earlia of: (s) S dsya (or auch other p~t~iod as applicable law may specJy for reinstatement) before aak of ths Property pursuant W any po~ver d' aak c~ntained in this I Security Instrumant; or (b) entry of a judgment eafor~cing thia Socurity Instrumcn~ Thoee conditioaa ue thst Borrower. (a) pays I,ender all aums whi~h then would be d~u unda this Socurity Instruma~t and tbe Note hsd no aooalaatioa occurred; (b) curca any dd'ault of anp ot6er cavenants as sgreemeats: (e) WY: aU e~Paua i~ut~d ia enforcing thia Security Instrument, including, but n~ limited to. r+esaor~abk attorneys' faa; and talces wch ac.tiioa aa I.ender m~y res.wnably roquire to asaure that t!k tien of this Socurity Inatiument, I.~ade~: ri~hts in tbe Property aad Bairru~?er'a oblig~tion to pay the auma sa~ured by thia 3ecurity In~uma~t thall oondnue unchangad. Upou rdmtstanent bY Borrowa, this Security Inswnkat and the obli~t~ secnt!ed haeby ~ball nmsin fiiily eRaxiv~e as i!'no soodetatlon had oocurred Howeva. thi: rigbt w rriaatate s6a11 aot spQiy in tbe c~e af ~ oader 13 or 17 a,s,~,~ ~ ~ I i $ 9 ~08~~ r - : ; i