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Home My WebLink About0951 • ~ ~ ~ • • - ~ M l~ndar rsqui?td mortpaQs hsurane~ as a cond~tbn oi ~r,~ ~n. io.n ~«i by u~s s.a,~ay r,swn?~,e, eo~?oww •n.N p.y ~n. ~ miums nquired 1o m~M~taln th~ Inauranr~ h Med unUl such thw a~ 1h~ MqWrMn~it for th~ inwrance t~mN~ates h aooord~na wHh Bortow- ~ u's and lender's written a~raanant or app~icabb law. , 8. Inspection. Le~x or Ns a4ent rti~y meke raadonabN enUka upa? snd Inspsctton~ ot tAe Property. t~nder ~Ad ~+r~ B«rowr notic;~ at th~ Wn~ ot or p~ior to ~n tnspecdon spedyh~ ?asonabis cws~ tor th~ hspacdon. ~ 8. Condemnation. Tha proceeda at any awud or d~im Ior dsrtay~s, dfroct a? oonspwntlN~ In conneatian wNh ~r oondamaNon or othar Wctn9 ot ury p~ut of the Prope~ty~ cr for oonveyance !n Neu of oandenmatla+. an henby asaiqn~d ~nd shd be ~id to lendK I~ the event ot ~ toW taki~p o1 ihs Property. Ih~ proos~ds sh~M be ~ppled to tM ~xns ~axed by Ws 8~w~ily InstrumeM. whether or . not then dus. wRh ury e~coess psid to 6ortower. ~ c~,~ a+~a,i a.~sw w~?~ a a?e ~rop«y. uMess 8ort~ow~r ~nd Lender olhetwis~ a~ in w~idng, the swns seauad by thts Securily Inatrumont alial be roduosd by ths ~mount ot tho procee~a tnWtipM~d 6y tM to~owUp Ir~etio~: ~ th~ total ~mou~t ot 1M wms seaired inmedstely belora the t~Wn~, dhrWed by (bj the hir nwlcel vvw ot ths Piroparry tnmedt~tety bNa~ th~ tatd~y. My balance sha~ll be paid to Borrower. . • Il lhe Properly b absr?donsd by Bortower~ or M, aRer notics byt tendar to BoROwa ihat !h~ ca~d~mor ofhrs b m~k~ ~n;awaM or sNtM a ciakn tor danu~ees, BoRaw~r taYs to rospond to lseder wkhN 30 d~ys alter !he date the notbs Is av~n, L~nder Is authorized to colect and - ~ appy proceeds, ~i ~s optkn, aitha to reatoretfon or repatr of ths PropeAy or to Me sums securod by thb 3scu~y Inst~ument, whethx or not ~ lhen dua . • ~ Unkss Lender and Barpwer otherwtse ~~ee h wrNMg, eny apptkstlon ot proceeds to prk~dpal shaN not e~dend or postpone the dus dste ~ ot the monthy payma~ts reE~rod to in psragraphs 1 and 2 or chanqs the amourtt ol such peyma~ts, 10. eo~rower Not Reteased; Farbearance By Lsnde~ Not A Waiv~r. ~aaension ot the tlms tcr pa~m~ent or ~ttor, -ot artwrtization ot the aums socured by thts Securiy lnahument qr~nted by lendx to any "wopnaor in lntereat af Borrower~ ahaM not openh - to reles,se the itab~ity of the od~inat BoROwer or Borrowers euocessors h InteraL ler~der shal not bi nquirad to conwn~nos proe~d6nqs - a9aMst ~ny wccessor h intersst a refuse to extend tirne tor payment or otherwbe ~s~odiy ~tion d th~ swns ssax~d by thb Seauityl - Mstrument by ?eason of eny demend msde by ths aigina! Bortower or Bonower's succesaors in ht~rest. Any tabeacanct by lend~ In exer- ciahy any ~iyhf or ra~nedy st?aY not be . w~n?~ a«~a,ae ««~as. a any ~ a r«r,eay. 11. Succassors snd Asstgns 8ound; Joint and Saverai Uabliit~ Co-signen. Ths coven~nta aod a~b ot thi~ - Security Inavument sha! bind and beneflt tho successors eund asalgns ~ lender and BoROwer. wbject t~ the prov~alons af psr~yrspA 17. - Borrowers cove~ania and agreements shs,~ be Joint and seve~?1. My Bortower who casipns tMs 3s~w+ity InsU~nna~t but does nM ~ts ihe Note: (a) ts co-signing thls Security InstrumeM dNdyy to mortgaga. grant and carwey tha! Sorrowe?'a hteroat b th~ Property wsder ths te~ms oi this Seou:ity instrument; (b) is not peraonaly ob6gated !a pay the aums secwad by tlds Sewrity Mstnnnen~ and (c) aqrees that lender ~rM any other 8orrowe~ may agree to extend. mod'dy, forbear or make any aooommodatbns vr~h rayard fQ the terms ot thls Seixuit~r Mstrurt~eot ar the Note wdhout thst Borrowe~s conseM. - _ 12. Losn Charges. H the ban secured by this Securiy inswment b aubJed to e law which sets m~udnwm ban charges. and that taw ls finaNy interpreted so that the interest a other loan charges colectad a to be coMede6 M connecNon with tha ban wcc~ed the pe~n~tted irnils, then: (a~ eny such ban charge ahaM be reduced by ihe amount neoessary to reduce tha ch~rp~ to the parn~itted M&; snd (b~ ~try wn~ akeady colected irom Borrower whia~ acceeded petmitted imits wiM be refimded to 6arower. l~tder traix d~ooss W mske th(s rdund by rs- . duciny tha prirec~al otived under the NOtd or bji "makh~ s diroct payrt~ent to Borrower If a retund reduceb pdndpal, the raduction wi bs treRted u a partial p~epayma~t withart any prepayment charge under the Note. . _ 13. LBgislstiott Affect~~tg Lender"s Rights. H er?actment or exptratbn oi appicable laws hss ths eAed of ~d~p any proN. - sbn ai ihe Note a ihis Security Inswment u~eotorceable accor~ to its tama. Le+nder~ a/ ks optbn, may t~quks trtm~edats payma~t h tu1 ot aN wms seaued by this Sec~uNy Inawmer?t end may hvoke any remedles pe~n~itted by para9raiph 19. M Lender eoce~daes this optbn. lender shal takt the steps apeabed fn ihe seoond paragrsph oi paragraph 17. 14. Notices. My notke to Borrower provldes! tor in thb Seauity Inatnxne~t shaN bs ~iven by deWerin~ k or by rtaiin~ it tiy ~st dass ma~ untess ap~icable law rc~qufres use oi another method. The notke sfW be direded to the Propaiy Addr~ess or sriy ottier addreis BoROwer desbnates by ~otica to lender. Any notice to Le~der aha~ be yhren ~y Arst dsss ma1 to tertdera addreas staled herein or any otAer address Lender desi~natea by nodce to Bonowaf. My noUc6 prorided !or fn lt~is Secu~ity lnsUumont shsD be deernsd to hs+~e'bern pivan to'B~acwer ar ~ender when ~ivcn-as provided in thb ps~a9raPh• " 15. Governfng Law; Severability. Thls Sewriry Instrument sha/ be ~remed by 1edeN hw and ihe hw of the jWisdidion b-_ whkh the PropeAy is bcated. In the erent thai sny provision or dause of thh Securiry b?strumant or ihe Nots oonl4ds wkh iM appkabte law. such conlCct shaM not aHed other provisions o( this Securiry Instnnnent or ihe Note whkh can be given affect w~hout ths conllidinq provisbn. To. th:s end ths provisbns of this Security InsWment anA tha Note aro declaired to bs seve~able. 16. Borrower's Copy. Borrower shaM be given one con(ormed oopy ot the Note and of this Seardly Irtstrun~nL 17. Transfar ~f the Property or a Beneitcia! Interest in Borrowe.r. It a~ or arqr pa~t d tM Propaty a any hterest b ~ ~ b sold or transfe~red (or A¦ Oenebdal hterest tn 8orrower b soW or translenad and Barower Is not a na4nd parson) v~llhout Lenders - ' prior~written ~ortse~n~ Lertder mty. ai Ns opllon. require imfedrate psyrrbnt !n fur d a1 sums seaxed by t1~s 8e~aerNy Inatrta~ait. How~rer. ~ w this option sha~ not be exerdsed by Lende~ M~e is proh~ited by tederal hw as M tM d~ of thb 8~axily hstnar~ent. n eender exa~ises u~b opUa,. Lender snar give Borro~wer notio. a.ccale~stl~n. Tt?. notios slw provid. s perfoa a ~,a bss a,an 9o d~ys ~ ton? th. dae• tn. noUce b dewaea or mWed wdhir~ which eoROwer n~ust phr d sun~s secured oy a~is seeurNy k~str~xn~nt. It eoROwer tab f to py ihes~ surns prior ta the ~cpk~atbn of tt~s perbd. Lender m~y Ywoks arry teme~fss p~ed !y tt~s SeourKy hstrumsnt v~itot~t f~rtfier ~ r~o~a ot dam~n~ on Boe+owK. ~ 18. 8onowo~'s RiqM to Ralnst~te. It B«rower n~ts oertdn oondltlans. Bara+v~r shr haw tf~ ~ 1o hws ~ W this ~.a~tty insaun~nt asoont~w~a ec sny tMe prior a a~e euYe? o~: W a d~ay~s (or wcn otMr p«tod as app~cabN ~.w may sp.diy tor nb:w.rneng belon..aMt a fhe ProPerty axswnl ta Paw~ a w. ooM.in.a b thl. Seaxiy k~sb+.nrn~ or ro) «~I o1 ~~N «r ~otdnQ thb 8ecwNy Insb~m~rN. T?~os~ e~ondrtions w th~ Borrewa: (a~ pays L~ndK N~ans wNch than wot~id b~ dw ur~d~t Ws 8~arity ~ur~t and th~ Not~ htd no aocaMeratlon ooaure~ (bI cu~~s anY ddault of any othar oov~nanb ot ~(cj P~ya ~ ea~ns~s Y~axrsd in ~ntordn9 tl~b S~a~ity insbumem. indudin~. Dut not irNted b. reaaoeabN ptorMys' tas: ~nd (d) Wc~s woh aclioa ss L~ndK ~Y ~~N ~+h to aswrs that th~ ~en ot tt~is Ssa~ily Instfurnent. Lender's rfpMs in the Fr~rty and Barnww"a ~lbn to pay t!w sums sa~au~d. by thb Secutlty Inshar~nt shd oor?tinue urwhan~ed. tlpon r~tns4t~meM bY Borr+ow~r. d~is 8«xKity Ir~nxr+ent and ~e obisations ssaxsd huaby shail temein fi~y elfect~re as ~ ~o ~eoeie~tbn f~d ooawrad HawNra?. ihts rlpM to ?dnsUts s!W not apply h th~ ca~ af u~ration under pxeyraphs 13 or 17. ' ' I ' , . ~ ~txn co~+eef • .4 ~ v.o~ a a 4 _ ~ 600K ~6~ PACE 9~ , _ . • ~ :z. . _ . _ s