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Home My WebLink About0925 E- ~ ; ~ ' ~ ='t <`i ! ~ 1 lf ll.eender ~equired mortgage insurance sa a condition of makiog the loan aecurud~b~~St`s~ocurity Iastrt~ilent~ Borrower shail pay the premiums required to mAintain the insurance ia effoct until such tirne as the requirement for the insurance tecminates in accordanc.e with 8orrower's and Lereder's written ngramrnt or applicable law. s. I . L~nder or its ent ma mske rrasonabk entries u and ins tions of the Pm rt . Lender ~ ~8 Y P~ P~ P~ Y t; shall give Borrower notice at the time of ur prior to an inapoction spociTying ra~sonable cause for the inapection. ~ • 9. Condeinnatioe. The proceods of any award or claim for damagea. diroct or consequential~ in conncetion with any oondemnatiotr or other taking of any part ot thc P~operty. or for conveyance in lieu of condemnation~ are hereby assigned and shall be paid to Lender. ~ In the eve~t of a sotal taicing of the Property, the }srocoeds shall be appliod to the sums secured by ihis Socurity Instrument, wheiher or not then duc. with any excess paid to 8orrowrr. In the event of a partial talcing of the Property, unless Bornowtr and Lrnder otherwise ~gra in writing~ the sums sacurcd by this Security Instrument shalt be roduced by the amaunt of the procood} tt~YJti4lied by the following fmctio~c (s) thc"total ~maunt~of.the snrtt~ secured immediately beforc the taking, divided by (h) the fair market value of the Property imatodiately before the taking. Any balana shall be paid to Hqfrower. . If the ProQerty is abnndoned by Bonower. or if, aflec notioe by Lender to Borrowu that the condemnor otfers to mske an sward or settle a claim for damages~ Borrowcr fails to respond to i.ender within 30 days aRer the datt the notice is givtn. Lender is suthorizai to collxt and apply the procoods. at its option, tither to restoration or repair of the Property or to the sums socured by this Socurity Instrument, whNher or not then due. ~ Unless I.ender nnd Borrower othtrwise agra in writing, any spplication of procoeds to principal shall not oxtend or postpone the dut date of the monthly p~ayments referrod to in paragraphs i and 2 or change the amount of sach payments. 10. Born?wer Not Rele~aed; Forbearanee ~y I~ender Not • Wsi~er. Eatension of tht time for payment or modification of.amortizstion of tbe sums.socured by this Socu~ity_tpstrument gra~tai by:i~endtr ta any successor in interest of Borrower sIialt not operafe to ieitase the Gabitiiy otth't ongina! Horrower or ~onower's succ~ssors in interest. L,ender ahall not be roquirod to oommence proceedinga against any successar in interest or refuse to eatend time for payment or otherwise mvdify amortiu~tion o! tbe sums aocurod by this Sex;urity Inserument by reason ot any demand made by the original Borrower cv Bonower's successors in interest. Any forbearance by Lender jn exercising any right or remedy shall not be a waiver of or pr~clude thc eaerciss of any right or remcdy. 's 11. Sacces~ors and Aa~i~s Boued; Joist aad Se~er~t T..iabtlity; Casigncrs. The covenants and agraments of ~ this 5ecurity Instrument shait bind and b~riefit ih~ successors and assigns of Lender and Bonower, subjoct to the provisions -f' otparagraph 17. Bonower's rnvenants and agrcements shail be joint and several. Any Borrower who casigns this Security ~ Instrument but does not execute the Note: (a) is ca-signing this Security Instrument only to mortgage, grant and convey that Bonower's~interest in the Property under the ternu of this Socurity Instrument; (b) is not personally obligated Io pay the "sums secured~by this Sxurity instrument; and (c) agras that l.ender and any other Borrower may agra to extend, - modify, forbear or tnake any sccommodations with regard to the terms of tbis Security Instrumrnt or the Note without that Borrower's oonscnt. - • ~ 12. I.oiu Ciu~rga. If the loan socurai by this Sxurity Instrument is subjoct to a law which sets maximum loan eharges, and that law is finally interpreted so that the infertst or other loan charges collocted ar to be collectai in connection with the ioan excood the permitted.tir~nits, tlfen:"(~ any such loan charge shall be roducsd by the amount necexsary to reduce the charge to the permittod limit; $nd (b) any sums alr~ady collected from~8orrower which exceodod permitted limits will be retunded to Borrower. Leniler may choose to makc this refund by reducing the principal owod under the N~te or by m~lcing a direct payment to Borrower. If a refund roducts principal~ the roduction will be treated as a partial prepayment without any prepayment charge under the Note. { 13. Leg~slaNoa Affecting I.teder's Itlg6ts. If enactment or expiration of applicable laws has the etfect of . rendering any ptovision of the Note or ti~is Security Instrument nnenforceable according to its terms, Lender, at its option, . may roquire immediate payment in full of al) sums ucurai by this Security Instrument and may invoke any remedies ~ permiitod by paragraph 19. If L,ende~ exercises this option, Lender shaU take the steps specifiod in the second paragraQh of ~ t paragraph 17. ; 14. Notices. Any notice to Borrower providod for in this Security Instrumrnt shall be given by delivering it or by ' mailing it by first c[ass mail untess appticable taa roquires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to i.ender. Any notice to Lender shall be given by first c~ass rreail to I.ender's address stated herein or any other address Lender designates by ~otice to Borrower. Any notice , providod for in this Security Instrument shall be damed to have ban given to Bonower or Lendtr when given as provided ~ in this paragraph. 13. Cor+e~ning Larr, Se~er~bility. This Socurity Instrumrnt sha!! be goverr~ed by federal law and the law of the jurisdiction in which the Property is located. In tht event that any provision or clause ot this Sccurity tnstrument or the Note confticts with applicable law, such co~flict~shall not aBcct oth~r provisions of this Sccurity Instrument or the Note which can be givm etfect without the conflicting provision. To this end the provisians of this Security [nstrument and the Note are declared to be sevembk. . 16. Borrower'~ Copy. Borrower shall be given one confarmed copy of the Note and of this Security Instrument. l'1. Trsusfer ot Hte Froperty or a Heoeflelal Lterest Borsowu. If all or any part ot the Property or any intertst in it is soW or tran.sferred (or its btne6ci~l intaeat ip Borrow~r is sold or transferrod and Horrower is not a tuttural person) without L,rnder's prior written c:onsent. Lender ma~l. at its option~ roquire immodiate payment in fuil of ali sums securod by this Security Instrument. However. this option shail not be excrcised by Lender if exercise is prohibite~ by f~dera! taw as of the date of this Security Instrument. - If Lendu exercises this option, Lender shall give Borrower notice of ar.celeration. The notice shall provide a period 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 Instrumcnt. [f Hosrower faiLs to pay these sums prior to the expiration of this period, Lendcr may invoke any remedia permitted by this Security Instrument without further notice or drmand on Borrower. 18. Borrower': Rig6t to Retadate. If Borrower mcets certain conditions. Bonower shafl have the right' to have enforcement of this Security instrument discontinued at any time prior to the sarlier of: (s) S days (oe such other period as appticabk law may specify for reinststement) before sule of the Property pursuant to any power of sak contained in this Socurity In~trument; or (b) eniry of a judgment enforcing this Socurity Instrument. Those conditions are that Borrower: (a) pays Lendcr ail sums which then would be dut under this Soeurity Instrument and the Note had no aocelcratiQn occuned; (b) cures any ~fault ot any other covenants or agroemmts; (c) pays ali exprnses incurred in enforcing this Security Instrument. including, but not iirnitad to, ratsonable attorneys' fas; and (d) takes such action as I,ender may reasonabiy require to assua that the lien of ihis Security InsErument, Lender'a rights in the Propetty and Borrower's • obGgation 1o psy the sums secured by this Security Instrument shxilll c~ntinue unchangod. Upon reinstatement by 89nowtr, this Security Instrument and the obligations socured hereby shsll rtmain fu(ly eft'eCtive As if no ~oeteration hsd , occurrod :Howcver~ this rigllt to reinstate shaii not apply in the case of aceetention onder paregraphs l 3 or 17. 924 ' ~OOK~~ P~ • ' _ , . . . : , -