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Home My WebLink About0931 } . ~ ~ ~ ~ . 1 . t ~ : + ~ ~ . ! I( l.en~ler rryuirr~l murt~~~e insuranrr as a runditiun uf maki~~ thr luan srrure~l b~• ~his Srcurity In- strumrnt, Borruwer shall pay the premiums requirrd tu maintuin the insurantr in effect u~til such time as a rryuirrnunt fur ehr insurance trrn~inates in accordance with Burn,wrr's und l.rnder's w~riterii a~;rermrnt ur applicable law•. 8. Inspection. l.endcr ur ics ~~;enc may makr reasonable entries uEx~n and ins~crtiuns uf thc• PruExrt~~. l.rndrr shall ~;i~~e li~?rruwer nutice at thr time uf ur priur tu an insprctiun specitying reasunable causr f~~r thr insExceiun. Condemnatiun. Thr pnxceds u( an~~ aK~ard ur claim fur damages, dirert ur r~mscyuential, in a~nncction ti~ich any r~?ndemnation ~~r other cakin~; u( any part uf the Pr~~Ex rty, ur fur ce~m~epance in lieu uf rondemnation, are hrrrby~ assi~;nrd and ; shall br pai.i tu Lcnder. In the event ~?f a toeal takin~; uf the Pre~perty~, the procecYls shall bc applied w ehe sums securrd by this Security ~ Instrumrnt, w~htthcr ur nut thcn duc, with any cxcess paid to t3urruwcr. ln thc cvent of a partial takingof thc Prupcrty, unlrss Burruwcr and I.endrr ucherw~ise agrre in writ in~, chr sums seturecl by ehis Sccurity Instrumcnt shall tx re.fuced b~~ the amuunt uf ~hr pnxerJs multiplied hy che full~,w~ing frarciun: (a) chr cu~al amounc uf the sums secured immedia~rl~~ beforr t~king, di~•ielyd b~• Ih> the fair market ~~alur of the Prupcrty immc~iiatcl~• before thr takin~;. Any balance sh~ll be paid to tiorn?wcr. If the Yruperty is abanduned by Hurrower, or if, aftcr nutice b~• I.enJer to Borrower that the cundemnur uffers tu makr an aw•arJ ur scttic a tlaim fur damages, Burruwer fails tu res~x~nd cu Lender within i0 days atter thr datc thr nucire is ~;iven, . Lender is authorized to collcrt and apply the pnxeeds, at its uptiun, eicher cu rrstoratiun ~?r rrpair uf the 1'n~pert~• ~~r tu che sums securecl by this Security Instrument, whether ur not then due. Unless l.ender and Burrower ueherwise :~gre~c in writing, any applicaeion uf pnKec~ls t~~ principal shall nut rxtend ur Fx~scpeme che due date of ehe munchl~~ pa~~ments referred tu in para~raphs 1:~nd 2 ur chan~;e the :~muunt of surh pa~•ments. 10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extensi~?n uf chc time fur paymen~ ur m~xlifiraciun of amur~izatiun uf ehe sums secured by ehis Securicp Instrument grantc~ b~~ l.ender to any surressor in interest uf Burruwer shall no~ operate to relcase che liabiliry c~f thc ~~riKinal Horrow~cr or Burrow~er's successors in interest. lxnder shall n~u be required cu rummence pnxeedings agains[ any successor in interest or refuse tu extend time fur pa~~menc ur oehrrwise m~x~if}~ amurtizatiun uf thr sums secured b~~ this Security lnstrument by reason of an~~ demand made b}• the urikinal Hurruw~er or Burrowrr's successors in interest. Any forbearance by Lender in excrcisin~; any right ur rcmedy shall rn~t tx a k~~i~~cr of ur prc~lude the exercise of any righ~ ur remedy. 1 I. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The ccn•enants and aRreements of ehis Srcurity Instrument shall bind and benefit the surcrssurs and assi~;ns uf Lcnder ~nd 13c~rruwer, subject tu the pru~•isiuns uf paragraph 17. Burrow•er's cu~•cnants and agreements shall be juint and se~•eral. Any Borruwer who cu-si~ns this Securit~• : Instrument but dues nut execute the Nute: (a) is cu-siKning this Security Instrument c~nl~~ tu me~rt~;a~e, granc and cum•e~~ that E~orruwe~'s interest in the Yro~rty under the terms of this Scrurit~~ lnstrumenr, (b) is nut prrsonaUy obligacrd cc> pa~~ the ` sums secured b~~ this Security Instrument; anJ (r) axrees ~hat l.ender and any other Borruwcr may ~~;ree tu extrnd, mixlify, F furbe:~r ur make :~nJ• accumm~xlatiuns w•ith rc~;ard tu the tcrms uf this Sccurity Instrumene or thc Nuec u•ich~wt chac Burruwer's consenc. 12. Loan Charges. If the luan secured by this Security Instrument is subjece tu 1 law which sets maximum luan ` char~;es, and th~t law is finall~• interprrted so that ehe interese or uthrr luan charges cullected or tu be cullrcted in cunnectiun ~ witl~ the luan exreed the pennitted limits, theu: 1 a? any surh li?an charge sh~ll be reduced by ehe amuunt nrcessar~~ u~ reduce ~ ehc char~e ~u che permicced limir, and (b1 any sums alread~~ cullccted frum Burr~~v?•er which exceeded permitted limics will be ~ refunded eo Hurrower. I.en~ier may ch~wse tu make this refund by reducin~ the prinripal ow~ed under the Nuee ur b~• makin~; a direct pa~•ment to Burruwer. If a refund reduces principal, the redurtiun will be treated as a pareial prep~~~ment w~iehuut an~• prcpayment charge unJer the Note. ' 13. Legislation Affecting Lender's Rights. !f enactmenc ur expiratiun uf applirablc la..•s has thc effecc uf renderink ~ an~~ pru~•isiun uf chr No~r ur this Securiey Instrumcnt unenfurceable according tu its trrms, Lrndrr, ae ies opcion, may require iinmeJiate pa~menc in full of all sums secureJ b~~ this Scrurity lnscrumen~ and ma~~ invuke any remedies permitted b~~ ~ f para~raph 19. If 1_cnder exrrcises this option, l.ender shall take the steps specified in the secund par~graph of ~ara~ruph 17. 1•i. Notices. Any ~ucice tu Hurruw~er pru~•ided for in this Securit~~ Instrument shall be ~;i~•en b~• deli~~erin~; it e~r by~ mailin~ it b~• First class mail unless applicable law~ reyuires useuf anuther meth~xl. The nutice shall be directed a~ ehe Prupertp Address ur any uther address Burruwer designates by n~nice tu Lender. Any nutice tu I.ender shall be Ki~~en b~• first cl~ss mail . to I.ender's address stated herein or any other aJdress I.ender Jesignates by nocice a> Burruwer. Any nocice pr~i~•ided fi~r in chis Srcurity Instrument shall bedeemeJ te? have bcen given to Borrowerur Lender when Fiven as pru~•idcd in this parakraph. 15. Governing Law; Severability. This Securiey Ins~rumcnr shall br Ku~•erned by feder:~l law and thc law of che jurisdicciun in whirh ~he Pru~rey is I~xa~ed. ln ~hee~~enc that any pruvision or clause ~~f chis Serurity Instru~nent ur the Ni?te cunflitts wieh applicable law, such conf lict shall nut affect other pr~~visie,ns of this Serurit~• Inserument ~~r thr Nuce w•hich r~n be ~;i~~en effect wi~huut the cunflicein~ pruvisiun. Te~ ~his end thr pruvisiuns uf this Securiey~ Inscrumrnt ;~nd thr Nutr are decl~red cu bc sever:~ble. ~ l6. Borrower's Copy. Burruw•er shall be gi~•en one conformed copy uf thc Nuce and of this Securit~~ Instrumene. 17. Transfer of the Propercy or a Beneficial Interest in Borrower. If all or ~ny parc uf che Pruperc~• ur ~n~~ intc rest in ic is sc~ld ur transferred ~ur i( a benef iciat interest in Burruwer is suld ur transferred and Burn?u~er is nuc a n~tural persun) withuuc I.ender's priur wricren cunsent, 1_ender m:~y, at ics c~pti~~n, rrquire immeY~iace pa~•ment in full of all sums ` secured by~ this Security Instrument. Huwe~~er, chis uptiun shall nut beexercised by I.ender if exercise is pruhibited by fcderal law• as uf the date uf this Security Instrument. - If l.ender exercisrs this uption, l.ender shall Kive Horrower noeice of acceler:~tiem. The nutice shall pre~~•ide a periix~ of nut less than i0 days from che dace the noeice is delivered or mailed wiehin a~hich Burro~•rr must pay~ all sums serured b~~ this Securicy Instrument. If Hurrower fails to pay these sums prior to thc expiratiun of chis periixi, I.ender may~ invoke an}• remedies pennieted by this Security Instrumcnt without further notice or Jemand on Borrower. ~e 1$. Borrower's Right to Reinstate. If Borr~?wer mects certain tonditi~~ns, Burrower shall ha~~c the ri~ht to ha~•c t enfurccment uf this Security Instrument disr~~ntinued ac any~ cime prior co the r~rlier of: ta) 5 days cor such other peri~xi as ~ ~ IIC:IIIIC I:lw m~ ~ s cif • for reinstaeemcnc? befc~re sale~~f ehe Pro rt ~ ursuan~ eu an ~~wer of s~le runtainrJ in this Se- PP > t~ } F'~ ) P ) F'~ curit}• Instrumenr, ur Ib) rnery~ uf a judgmcnt enforcin~; this Security Instrumcnt. Th~?se cunditiuns are th:~t B~~rruw•er. la) pay~s l.ender all sums which ehen wuuld bedue under this Security Instrumenr and the Nutr had nu acceleratiun ~xcurred; (b? currs an}• default u( any uther cunven~nts ur a~reements; (r) pays all exEx nses incurred in enforcinR this Serurit}~ Instrument, including, but not limi[ed tu, reasonable ,~tturneys' fecs; and (d) takes surh action as Lender maJ~ reasonably reyuire to as- sure that thc licn of this Security Instrumenc, I.ender's riRhts in ~he Prc~percy and B~?rrower's obliKation to pay the sums secured by this Securit~• Instrument shall cuntinue unrtianged. UEx~n reinstatement by Ik~rruwer, ehis Secvrity Instrumene anJ the ubli~;ati„ns serured hereby shal) remain fully effective as if nu acceler~ti~~n had ~xcorred. Nowever, this right tu rrinstate shafl nut apply in ehe case uf acccleraeiun under paraKraphs 13 or I7. _ ~0~35 P~f09~1 , , , - _ _