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Home My WebLink About0930 ' ~ \ ~ i ~1 s ~ ' ~ 7 Any aruac~a~9 disbursed by I.eader under this paragraph 7 ahall become additionat de~ of Borm ~ ~~ured by• this 3ecurity Ina~ntment. Unless Borrower and Lender a~ee to other terma of payment~ theae araounta shall bear . inter~aC,l1 ofn t~e date ot disburaement at the Note rata and e!~ be payAble ~ with wtereat~ upon nottce fmm Lender to Borrower requeetin6 AaYment. , ; . ~ : - , ~ . ,~~f Len r tequsred mortga~e~neupet?c~tece li~cohdtdoi~ df making the loan secur+ed by this Security Instruraent~ $Arrower s~il~pa~t t~e premi~ima required to maintain the insurance in eftect untit such tune as the requireaient for ~ the~ixisurnnce, te~nlinates in accordance with Borrawer's and Lender's written agreement or applicable law. ` 8. ~Inspiaoti+nn. Lender or its agent may make reasonable antrias upou and inspections oithe Property. Lender shall g~ive Borrower notice et the time of or grFor to an inspection speclfying reaeonable cause for the inspection. 9. Coademnation. The proceeds of any award or claim for damagea, direct or consequential~ in connection • with any condemnation or other taldng of aqy part of the Property~ or for conveyance in li9u of oondmenatian, acs hereby asaigned and ehall be paid to Lender. ' In the event of a total taking of the Propertyi the proceeds ehaU be.sPplied to the, et~ma secured by tbia Security Instrument; virhether or not then due ~ witfi any escesa paid to Borrower. Tn the event of a partia! taliing of the Property~ unlees Borrawer and Lender otherwise agree in writing. the sunae aeciu~ed by;thie Security Inst~ument el~all be reduced by the ezrwunt of the proceede multiplied by the following fraction: (a) Lhe total amount of the suma secured iaamedietely before the taking, dirided by (b) the fair market value of the Properiy immediately before the tahing. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower, or if, after noace by Lender to Borrower that the rnndemnor offera to make an award or aettle a claim for damagea, Borrower fails to reapond to Lender within 30 daye after the date the notice ia given, Lender is authorized to collect and apply the proceeds. at its option, either to reatoration or repair of the Pmperty or to the suma secured by thia 3ecurity L~ntr~ment, whetber or not t~?en due. - Unless Lender and Borrower otherwise agree in writing, an,y application of proceeds to principel ehall not extend or poatpone the due date of the monthly payments referred to in paregraphs 1 and 2 or change the amount of such payments. 10. Borrower Not Rsleased; Forbearance by Lender I~jot e~ W~iver._E~teasion of the time for paymeAt or modification of amortization of the auma secured by thia Se'ciirity Iastrumerit granted by Lender to any eucceasor in interest of Borrower ahall not operate to release the liability of the original Borrower or Bomower's succeasora in interest. Lender shall not be required to cammence proceedinga againat any aucceeaor in in~ereat or refuse to ertead _ time for payment or otherwise modify amortizatiot~ of the auma secured by thi8 Security Instrument by reason of any demand made by the origina! Borrower or Borrower'e auccesaors ui intere"st: Any forbearauce by I.ender in exercising any right or remeay ahall not be a waiver of or preclude the ezercise of any`iright or remedy. 11. 8uccessors and Assigns Bound; Joint and Saveral Liability; Co-eigners. The covenants and agreements of thia Security Inetrument ~ahell bind and benefit ths succesaors sud asaigna of Lender and Borrower, aubject to the pmviaions of parsgraph 1?. Borrower'a covenants and agreements ahall ba joint and several. Any Borrower who ca-signa this Security Inatrument but dces not esecute the Note: (a) ia co-signing thia Security Inatrument only to mortgage, gi°ant and convey that Borrower's intereat in the Property under the terms of this Security Instniment; (b) ia not personally obligated to pay the auraa secured by thia Security Instrument; and (e) agrees that Lender and any other Boncower may agree ta ertend, modify, forbear or make any acoommodations with regard to the terms of thia Security Inatniment or the Note without thet Borrower's consent. IZ. Loan Cherges. If the toan secured by this Security Instru~ooe»t is subject to a law which sets masimum loan charges, and that law is finally interpreted 8o that the intereat or other loan chargea collected or to be collected in connection with the toan e:ceed the pertnitted limits, then: (a) any such Ioan charge ahall be reduced by the amount ~ neceasary~to reduce the charge to the permitted limit; and (b) eny auma slready collected from Borrower wluch ea~eeded permitted li.mits will be refunded to Borrower, I.ender may chcwae to make tIus refund by reducing the principal owed under the ~Iote or by making e direct payment to Borroaer. If a tefund reducea principal. the reducHon will be treated aa e partial prepayment without any prepayinent charge under the Note. ' 13. Legielation Alrecting Lender's Rights. If enactment or expiration of applicable laws has the effect of ~ rendering any provision of the Note or thie Security Inativment unenforceable according to ita terms, L.ender. at its option, may require immediate payment in full of ell sums ascured by thia $ecurity Inatrument and may invoke any ~ remediea peranitted by paragrsph 19. If Lender esercisea thia option, I.ender shall teke the ateps apecified in the _ second paragraph of paregraph 19. 14. No~ces. My notice to Borrower provided for in thie SecurityInstrument shall be given by deliverittg itor by \ mailing it by first cla8a mail unlesa applicable lew requriee use of another method. The notace shall be directed to the Property Addresa or any other addresa Borrawer deaigaatea by notice~ to Lender. My notice to Leader ahal! be given by firat claea mail to I.ender's address atated herein or eny other address Lender deaignatea by aotice to Borrnwer. Any notice provided for in thia Security Instniment shall be deemed to have b~en given to:Borrower or Lender when , given as provided in this paragraph. 18. Governing Law; Severability. Thia Security Inatrument shaU be governad hy federal law and the law of the ~ jarisdiction in which the Property is located.In the event that any proviaion or clause of this $ecurity Inatrument or : the Note conflicts with applicable law, such conflict ahaU not aKect other proviaions ~sf thie Security Inatrument or the , Note which can be given effect without the conilicting provision. To this end the pravi$iona of thia 3ecurity Inetrument and the Note are declared to be eeverable. ~ _ 16. ~Borrower's Copy. Borrower ehalt be given one conformed oogy of.the Note snd of t~his 3ecurity Inawment. Tp i7. Transfer of tLe Property ar a Benelicfal IAterest in Borroarer. If all or any pert of tbe Property or any ~"'uiterest~in~it is sold or tr~naferred (or if a bene~ciel interest in Borrower ie aold or tranaferred and Barrower is not a ~4 naWral peraon) without Leader's prior written consent, Lender may, at its op~on, sequire immediate payment in full of all sums secured by this 9ecurity Inat~ment. However, this option shall not be esercised by Lender if e:ercise ie prohibited by federal lew as of the date of thia Security Inatnunent. If Lender eserciaee this option, Lender ehall give Borrower notice of acceleration. The riotice $hall pmvide e period of notleas then 30 daya from the date the notice ia delivered ormaited withinwbich Borroaermuet pay all eums secnred by thia 3ecurity Inatrument. If $orrower faila to pay these sums prior to the e:piration of thia period, Lender may invoke any remediea permitted by thia $ecurity Instrucnent without furth~r ~otice or demand on Borrower. 18. Borrower's Bight to Reiastate. If Borrower meete cert$in coadiaons, Borrov~rer ehall heve the right to heve enforceinent of this Securlty Instrument diacontinued at any time prior to the earlier of: (a) 6 de~ys (or auch ather t period aa appUcsble lew msy apecify for reinstateraent) before ~ale of the Proparty purauent to any po~ver of sale oontnined iu thie 3ecusity Instrument; or (b) entry of a judgment enforcing this 3ecurlty Inatrutnent.ThOae ~ndit£ons ~ t ~OQlt ~ ~ V PAI~ ~ ~ ~s_..z,~-A~......._ . " _ , . . . _ _`._r:...•