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Home My WebLink About0962 tf Lenda roquircd mortgage insurance ss s~ condition of making the loan secured by this Socurity Inatrument~ Borrower shall pny the prea~iums roqulred to maintain the inaurana in effoct until such time aa the requirtment for the insurance terminates in accordana anth Horrower'a and I.ender'a written agrament or applicable IAw. 8. I~pecdon. Lender or ita agent msy make reasoneble entriea upon and inapoctions of the Property. Lender - shall give Bonov~er notice at the time of or priqr to an inspection apocifying reasonable csuse for the inspeetion. 9. Coademeudon. The praoooda of any award or claim for damages, dirxt or conaoquential, in oonnection with any condemnation or other taking of any part of the Property~ or for conveyance in liel of oondemnation, aro hereby assignod and shall be paid to Lender. In tht event of a total taking of tha Property~ the prooeeda ahatl be appli~d to the sums socured by this Sxurity Instrument~ whether or not then due, with any ca~asa paid to Horroaer. Ia the event of a partial taking of the Pmperty. unless Horrower and Le.mder otherwise agroc in wrlting~ the suraa aecw~ed by thia Socurity Instrument ahall be reduoed by the amount of the procoeds multipliai by the following fraction: (a) the total amount of the sums socured imniodiately before the taking~ divided by (b) the faur market value of the Property immediately befon the taking. Any balana shall be paid to Horrower. If th~ Pm~erty is abandoned by Horrower~ or if. after notioe by I.ender to Borrower that the condemnor offers to m~ke an award or settle a claim for damages. Borrower faila to respond to Lender within 30 days ~Rer the date the notice is giveq, Lender is authorized to coUect and apply the procoods. at its option, either to restoration or npair of the Pmperty or to the sums socurod by this Socurity Inatrument, whether or aot then due. Unless Lender and Borrower otheraiae agnt in writing~ any spplication of proceoda to principal shall not exte~d or posspone the due date of the monthly paymeata referrod to in paragraphs 1 and 2 or change tha amount of such payments. 10. Borrower Not Rdaaed; Forbau~a¢e By I.e~er Not a Wd~er. Extension of the time for~psyment or modiRcation of amortization of tbe sums aecured by tbia Socurity Instnunrnt grau~tod by Lender to any sucoessor in interest of Borrower shall not operata to relesx the liabiGty of the original Borrower or Borrower'a suocessora in interest. Lender shall not be roquirod to commence pioceedinga ~gainst any successor in interest or refuse to eatend time for payment or otherwise modify amortization of the aums gocured by thia Security Instrument by ra~son of any demand made by the original Borrower or Bonower's suocessors in intenst. Any forbearana by I,ender in eaercising any right or remody shall not be a waiver of or preclude the exercise of any right or remedy. 11. Sticcessora and Aacigea Boend; Jqint and Se~enl Liability; C,o-sig~aas. The covtnants and ageemcnts of this Socurity Instrument shall bind and benefit the sucassors and assigns of Leader and Borrower. subjoci to the provisions of paragraph 17. Bonower's oovenants and agceements ahall be joint awd several. Any Barrowrr who co-signs this Security Instrument but dces not execute the Note: (a) is co-signing this Sxurity Instrument only to mortgage. grant and convey that Borroaer's intefest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by tius Security Instrumtnt; and (c) agras that I.ender and any other Borrower may agroe to extend, modify, forbrar or make any accommodations with regard to the terms of this Security Instrument or the Note without that Horrower's consent. 12. I.oaa Cbarges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan - charges, and that law is 6nally interpntefl so_that tht intereat or othar loan charges collectod or to be collectod in connection with the loan eacad the permittod limits, then: (a) any such loan charge shall be roducod by the amount nccessary to reduce the charge to the permitted lirait; and (b) any sums already cotle~ted from Borrower which eaceaded permittod limits will be refunded to Borrower. Lenda may choose to make this refund by roducing the principal owed under the Note or by making a diroct payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Atote. 13. I.egisladon Affeetlag Lender's Rtghta. If enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Socurity Instrumtnt unenforceable socording to its terms, Lender. at its option, may require immodiate paymtnt in full of all sums socurod by this Security Instrument and may invoke any remedies permittod by paragraph 19. If Lender tacercises this option. Lender shall take the sttpe spoeiSed in the second paragraph of paragraph 17. 14. NoHees. Any natice to Borrower provided for in this Socurity Instrument shall be given by delivering it or by _ mailing it by 6rst class mail unless applicable .law requires use of another method. The notice shall be directed to the Property Address or any other addeess Borrower designates by notice to I.ender. Any notice to Lender shall be given by first class r.iail to Lender's address stated herein or any other address Lender designates by notice to Borrower.-Any notice ~ provided for in this Security Instrument shall be doemed to have ban given to Borrower or Lender when given as provided ` in this paragraph. ~ ~ 15. Corerning I.aw; Se~erabitity. This Security Instrument shall be governod by federal law and the law of the ~ jurisdiction in which the Praperty is locat~d. In the event that any provision or clause of this Socurity Instrument or the Note conflicts with applicable law, such con9ict shall not aQ'ect other provisions of this Security Instrumcnf or the Note which can be given eBect without the conflicting provision. To this end the provisions of this Socurity Instrument and the Note aze dcclared to be severable. ~ 16. Borrower's Copy. Borrower shall be given one conformod copy of the Note and of this Security Instrument. 17. Transfer ot t6e Property or s Beneflcial Intereat in Bormwer. If all cr any part of the Property or any interest in it is sold or transfened (or if a brne6cial interest in 8onower is sold or transferrod and Borrower is not a natural person) without I.endcr's prior written consent, Lender may, at its option, requin immcdiate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by foderal law as of the date of this Socurity Insfrumrnt. " If Lender eaercises this option, I.ender shall give Bonower notice of acakration. The notice shall provide a period of not less than 30 days from the date ihe notice is deliverod or maikd within which Borrower ~~ust pay s11 sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permittcd by this Security Instrument without further noticx or demand on Borrower. 18. Borrower'a Rtght to Relnstate. If Borrower meets certain conditions~ Horrower shall have the right to have enforcement of this Security Instrument disconiinued at any time prior to the earlier of (a) 5 days (or such other period as applicable law may spocify for reinstatement) before sale af the Property pursuant to any power of sale containod in this Security Instrument; or (b) entry of a judgmsnt enforcing this Security Instrument. Those conditions are that Horrower: (a) pays Lender all sums which then aould be due under thia Security Instrument and the Note had no aoctleration occurrod; (b) cures sny default of any other covenants or agocments; (c) pays all eapenses incurred in enforcing this _ Security Instrument, including, but noi limitod to, reasonable attorneys' fas; and (d) takes such action as Lender may reasona6ly roquire to assure that the lien of this Socurity Inswmtnt. Lender's rights in the ProptrEy and Borrower's obligation to pay the sums securod by this Security Instrument shall continue unchanged. Upon reinstatement by Bonower, this Sccurity Instrument and the obtigstions eocured hueby sha11 remain fully effective as if no ac~leration had ' occurred. However~ this right to reinstate ahall not apply iri the case of acceleration undcr paragraphs l3 or 17. ' eoox 5fi7 ~~cE 962 ~ - _ - _ _