The URL can be used to link to this page

Home My WebLink About0942 t ~ ~ s If 1_rnJer rrquirc~f murcgage i~surance as a condiciu~ of makinR the lu~n srcurc~l by this Srruricy In• ~ st~ ument, Hurruwer shal! pay the premiums requirctif tu niaintain the i~surantr in e(fect until such time as a requirement fur ~ thr insur:+nce ee~minates in accurdance with &?rrower's a~x1 l.rnder's writtcn agrerment oe rpplicablr law. t 8. tc?spection. l.ender or ics agent may make reasonable rntries uExm anJ i~spections u( che Prupeecy. Lrndrr shall ~ gi~•r &~rrower nuticr at the time uf ut priur tu an ins~tiun speci(ying reasonable cause for the ins~tit>n. 9. Condemnation. The pn~cec~ls of sny award ur claim fur damages, direte or c~~nsrquential, ir. ronneceiun wich any cundemna~i~~~ ~~r ~~rher ~akinr uf any part uf the P~uperty, ur for cum~eyance in lieu of cundemna~iun, are hereby assigne-~f ~nd ~ shall be paid u> I_ender. ' (n the event uf a tutal taking uf che Property, thr pnxeeds shall be applic~i co che sums secured bp chis Security ~ Instrument, whether or not then due, v?~ith any excess paid tu &?rroK~er. l~ cheevent u( a partial c~kingof the Property, unless i3ur~uwer and Lcnder utherwisc agree in writing, che sums sccurc~l by chis 5ecuriq• (nstrument shall be reduced by the amuunt uf ehe pnxec~ls muleiplied by the folluwing fraceion: (a? the eucal amount of ~he sums secured immediaeely befure e~king, Jividcd by (b) the tair market value o[ the Pn~perty immediately before the caking. Any balance shall be paid u> Hurruwer. If che Nropere;• is abandc:~~ec; by liurrower~ ur if. afcer notice by lxnder eu &~rrower chat che condemnur uffers eo make an award or set~le a claim fur damages, Borcuwer fails tu respund tu lxnder within i0 days after the daee chr nutice is given, l.ender is auth~rized to cullect and apply the pnxeecfs, at its option, either co resturatiun ur repair uf the Pruperty or tu che sums secured by~ this Security Instrument, whether ur nut chen due. Unless Lender and &~rrov?er otherwise agree in writing, any applicatiun uf pnxeeds tu principal shall not excend or pustpone the due Jate of the monthly payments referred to in paragraphs 1 and 2 or change che amuunt uf such payments. 10. Borrower Noc Released; Focbearance By L.e~der Noc a Waiver. E:xcension uf che cime for payment ar , m~iEica~iun uf amortization of the sums secured by this Security lnstrument granced by Lender tu any successor in interest of ~ Borrower shall not operace eo release ~he liability of the original Borrower or &~rruwer's succeswrs in inceres~. Lender shall not be required co commence pruceedings against any successc~r i~ interesc or refuse u~extend time fur payment or utherwise ` rrx~ify amortizatiun uf the sums secured by this ~:urity Irsstrument by reawn of any demand made by the urigina! Borruwer or Burrower's successors in interest. Any forbearance by lxn~ler in exercising any right or remedy shall not he a wai~•er uf ur preclude the exercise of any right or remedy_ 11. Successors and Assigns Bound; Joiac and Several Liabili[y; Co-signers. The cu~•enancs and agreemencs uf ehis Securicy Instrument shall bind and benefit the successors and assigns uf Lender and E3urrower, subject to the pro~•isiuns uf paragraph 17. Borruwer's covenants and agreements shal! be juint and setieral. Any Burrower whu cu-signs this Security l~strument but dc~rs not execute the Note: (a) is co-signing chis Securi[y Instrument only to mortgage,grant and convey ehat Burrower's interes~ in cf~e Property under the cerms uf chis Security Instrumenc; (b) is not perwnally obligated cu pay the sums setured hy this Security lnscrur*~ene; and (c) agrees that ! ender and any uther &~rrower map agree co extend, m~~iFy, furbear ur make any accomm~ations with regard co the terms of ehis Security Inscrumenc ur che Nutr wichuue chae ~rruwer's ~onsene. 12. Loan Charges. If the loan secured by chis Security Inscrument is subject co a law which sets maximum ioan { charges, and chat law is finally inrerpretecl su thae ehe ineerest ur uther loan charges collecced ur to be culleceed in conneccion vvith the loan exceed the permiteed limics, then: (a) any such loan charge shall be reduced by che amount necessary cu reduce - che charge cu the permitced limir, and any sums already collecced from &~rrower which exceeded permined limics will be refunded co Burrower. Lender may chcwse to make chis refund by recfucing the principal owcni under the I~oce ur by~ making a ~ direce paymenc eu Borrower_ 1f a refund reduces principal, tne reduccion will be treated as a partial prepayment withuut any j prepayment charge under the Note. ~ I 13. Legislation Affecting I.ender's Rights. if enaccmenc ur expiraeion of applicable laws has ~he effecc of rendering any provision of the Note or chis SeNrity Instrumenc unenfurceable accurding to ics cerms, Lender, ac ics upciun, may require innmecfiate paymene in full of all sums secured by this Securicy lnserumenc and may invuke any remedies permicted by paragraph 1~). If l.ender exercises this uption, lxnder shall eake the steps specifie~i in the second paragraph oF paragraph 17_ l-~. Notices. Any notice tc~ Borrower provided for in this Security Instrument shall be give~ by delivering it or b~ mailing it by first class mai) unless applicable law requires useof another methexl. The notice shall bedireccecf tu the Propertp Address or any ocher address Borrower designates by nocice to Lender. Any notice tu Lender shall be given by first class mail tu IxnJer's :.4dress scated herein or any other address i_ender designates by nutice tu Burrower. Any notice pro~ ided for in this Security Instrument shall be deemed tu have been given co Born>wer or Ixnder when given as pn~vided in this paragraph. 15. Governing Law; Severability. This Security Instrume~t shall be governed by federal law and ~he law uf ~he jurisdictiun in which the Properey is located. In the evene chat any provision or clause of ehis Securiey Instrumene ,~r the Note conflicts wieh applicable law, such conflicc shall r.uc af(ect other pruvisicinsuf chis Security Instrument ur ehe Noee vvhich can be g::~en effett wiehout the conflicting provision. Tu this end the pruvisic~ns of chis Seairity Instrumenc and the Nute are declarecf tu be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of ehis Security lnscrument. 17. Transfer of che Propercy or a Beneficia) Interesc in Borrower. If all or any part of che Properry or any incerest in ic is sold or transferred (ur if a beneficial interesc in Burrc~wer is sold or cransferred and Borruw~er is noe a natural person) without Lender's prior written consenc, Lender may, at ics option, require immediate paymenc in full of all sums srcured by chis Security Instrument. However, this ope~c~n shall not be exercised by Lender if exercise is pruhibiced by federal 1aw as of the date of chis Seturity Instrume~t. If Lender exercises chis option, Lender shal) give Borrower nexice of acceleration. The noti~e shall provide a periud c~f not less than 30 days from the date the notice is delivered or mailed wichin which Bor~ower must pay all sums secured by this ~ Security Inscrument. If Borrower fails to pay these sums prior to the expiration of this pe.rioci, I.ender may imoke any remedies permicted by this Security Instrument witFwut further nocice or demand on Borrower. ~ 18. Borrower's Right to Reinstate. If Borrower meets cercain cunditiuns, Borro~+er shall have che righc co have enforcement of this Security Instrument disconcinued at any time ~rior tu the earlier of: (a) 5 days (or such other pericxl as ~ ~ applicable law may ~pecify for reinstatement ) before sale uf the Property pursuant to any power uf sale contained in this Se- curicy Instrumenc; or (b) entry of a judgment en(orcing this Security Instrument. Thvse conditions are that Borruwer. (a) pays txr~der all sums which then would be due under chis Security Instrument and the Nuce had no acceleration cxa~rred; Ib) cures an~ default of any other convenanes or agreements; (c) pays all expenses incurred in enforcing this Sccurity Instrument, ~ including, but not limited to, reasonable attorneys' fees; and (d) takes such action as IxnJer ma~• reasonably ~equire to as- ~ sure that the lien of this Security Instru~~:enr, L~•nder's rights in the Propercy and Borrower's obligatiu~~ :o pay ~he sums ~ secured by rhis Securiey inserumene shall cun~inue unchangrd. Upu~~ reinsraeemen~ by &~rrower, this Security lnstrumen~ ? and the obligations secured hereby shall remain fuily effective as if no acceleracion had ~xcurrc~. .;::~•°~er. rhis riRht co - reinstate shall nut ~pply in the case of acceleration unekr paragraphs 13 or 17. ~ ~ ~ ~8~~~ . . , _ . . . _ - - - - - - - - -