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Home My WebLink About0979 Lender to Borrc~r requestiqg paym~t. If Lender.required aurtgsge insurmice ae a cudition of making the lomn secured by this Security Instcua~t, _ Bc~rrower shall pay the praaiums required to maintain the insurance in effect until auch time as the requirement i for the insurance terminatea in accotdance with Borra~wpx's and Lender's written agreanent or applicable law. f 8. Inspectiw. Iender or ite agent may make reasonable entries upon anl inspectiocis of the Property. t Lender sttiall give Bnrra~r notice at the time of or prior to an inspection specifying reasonable cause for the ~ inspectio~. 9. Conde~tatiaa. 1he proceeds of any aw~rd or claim for damages, dire~t or consequential, in cacuiection ~ with any cade~ation or oZher taking of arry part of the Property, or for conveyance in lieu of condemnatim, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Instnrment, vhether or not then due, vith azry e~acess paid to Borrawer. In the event of a partiel takic~g of the Property, unleas Borcc~r and Lender otherwise agree in ~rriting, the sumB sewred by this Sewrity Instrument shall be reduced by the amaunt of the proceeda miltiplic~d by the folla~wing fraction: (a) the total amount or the sums secureci imm~diately before the takiqg, divided by (b) [he fair market value of the Property imrediately before the taking. Any balance shall be pai.d to Borra~wier. ~ If the Property is abmxlone~d by Borrower, or if, after notice by Lemder to Borrawpr that the ca~demor offers ~ to mak.e an a~rard or settle a claim for damages, Borra~r fails to respayd to Lender within 30 days after the date ~ the notice is given, Lsider is authorized ta collect aad apply the proceeds, at its option, either to restoration ' or repair of the Property or to the a?ms secured by thia Security Instn~m~nt, whether or not then due. ~ llnless Le~der ac~ Borrawer othetwise agree in writing, aYry applicatian of proceeds to principal shall not f extend or postpone the due date of the monthly payme~?ts referred to in paragraphs 1 ad 2 or char~ge the amount of ~ such paywents . ~ 10. ~~occ~er Nvt Belesserl; Focbearanoe By Leoder lqot a iiaivier. I~ctension of the time for payment or modificatioc~ ~f am~rtiza[ion of the awos sect~red by this Security L~sL=um~t graited by Ler~der to acry successor in interest of Borra,aex shall not operaCe to release the liability of the original Borraaer or Borrwier's successors in interest. Lender shall not be required to ca~e proceedi~gs against any successor in interest or refuse to extend time for payment or othe~ise modify am~rtization of the suiae secvred by this Sewrity InstnimPnt by reason of any dem~~d made by the origi.nal Borraiwer or Bono~wer's aucces~sors in interest. Any fo~fiearance by Lender in e~cercising any right or reoedy shall not be a waiver of or preclude the exercise of atry rig~t or remedy. 11. S~ocesaors aid Aasigps Bamd; Joint s~d Sev~eral Liai~ility; Ca-sigtnra. 'Ihe cavenants and agreements of this Seairity Instnimpnt shall bird and ~ienefit the euccessors ~nd assigns of IEC~der a~d Borrowier, aub ject to [he prwisions of paragraph 17. Borrow~r's cavenants and agreements shall be joint acd several. Acry Barrdwer who co-signs this Secvrity Instm~nt but daes not exewte the Note: (a) is co-signing this Security Instrument anly to m~rtgage, gr~nt acd canvey that Borrawpx's intereat in the Property under the teims of this Seourity Ins[rument; (b) is not personally oblig;ated to pay the sums secured by this Security Instrua~t; azd (c) agrees that T~ender and any other Bona~r may agree to extecd, modify, fott?ear or miake arry scca~nodations with reg,ard to the teYms of this Security Inst mment or the Note withaut that Borr~wer's cansent. 12. I,o~n Ghtr~es. If the loan secvred by this Seourity Instrument is subject to a law which sets maximim loan charges, aod that law if finally interpreted so that the interest or other lo~ charges collected or to be II~ collected in cacu~ection with the lo~n exceed the petmitted liffits, then: (a) ary such losn charge shall be rc~duced by the amwnt crecessary to reduce the charge to the pern?itted limit; a~d (b) any sums already collected I from Borrtiwer which exceeded peYmitted lim~ts will be refunded to Borrower. I~der roay choose to make this ; re5u~d by reducing the principal o~w~d uc~der the Note or by making a direct payment to Borra~wer. If a ~+efiu~d ~ reduces principal, the re~ction will be treated as a partial prepayment without any prepaym~t~charge urder the ~ Note. 13. Legislatian Affecting Lender'8 Big#~b. If enactm~t or expiration of applicable lavs has the effect of ~ res~dering arry pravision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its opticm, c~y require i~mdiate payment ia full of all sums seaired by this Sewrity Instrument a~d may imrdce any remedies petmitted here~nder or as are permitted at law or in equity. If I~der e~oercises this aption, Isder shall'take the steps specified in the secuad paragraph of paraigrapti 17. 14. Iioticei. Any notice to Borrower prwided for in this Sewrity Instnrm~t shall be given hy delivering ~ it or by mailing it by first class m3i1 unless applicable lav re~quires use of another ~thod. 'Ihe notice shall be directed to the Property Address or any other address Borr~wier designates by notice to La~der. Any notice to ~ Le~der shall be given by certified first class mail to Lender's address stated herein or any other address Lader designates by notice to Borro~x. Any notice provided for in this Seourity Instcun~t shall be deened to have ~ been given to Borrawer or Iender when giv~ as prwided in this par$graph. ~ 15. Go~+exni~g Le~t; Severability. This Seourity Inatrument shall be gwerned by federal la~ acd the la~ of ; the juriedictim in which ttw Property is located. In the event that any prwision or clause of this Security ' Instnimen[ or the Note conflicts with applicable la~r, such caiflict shall not affect other prwisions of this ? Security Instmma?t or the Note which can be give~ effect uiithout the conflicting pravision. To this end the ; ~ ~ ~ I i I' ~ i'~?? i ~SF~ERE ~R0534 Pd~~0977 3 _'.r'q."" ' " ~3~~_-- . . _ . . ~ - _ . . i