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Home My WebLink About0921 II Cender required mortgage insurance as a condition of ~naking Ihe loan secur ~ by th~s Secunty In9t~ument, Barower shall pay the premiums required !o maintain !he ins~uance in elfect untd such t~me as the requi~emen! for the insuianca lermma!es ~n aCCOrdance with Borrower's and Lerder's written agreement or appticatile law. 8. Ir~ap~etlon. Lender or its ac~ent may make reasonabie entnes upon and inspections of the Property . Lc~t~de~ Sha'.! 9rvC Borrawer notice at the time of or prior to an inspection specifying reasonable cause tor Ihe inspectioc~. 9. Condemnatlon. The proceeds ot any award or claim for damages. d~rect or consequenhal. in connection with any conde;nnation or othe~ taking of any part of thP Property, a tor conveyance in lieu ot condemnat~on. are hereby assigned and shal' be paid to Lender. In the event Oi a total taking of the Pioperty, the proceeds shali be applied to the sums secured by this SeCU~ity lnshument, whether or not then due, w~ih any excess paid to Bo?rower. In Ihe ~vent ot a partial tak~ng ot the Pr~p~.~ty, unless Barower and lender otherwise agree in writing, the sums secured by ih~s Security Instrument shall be reduced by the ama~,nt ot the procee.~is multiplied by ihe following traction: (a) lhe total amount ol the sums securecf immediately before the taking divided by (b) the fa~r ma~ket value ot the P~operty immediately before Ihe taking Any baiance sha11 be paid to Borrower. If the ProFeriy is aCandoned by Borrower, or ii, atter notiCe by Lender to Borrower that the condemnu u(ters to make an award or settle a claim (or aamages, Borrower fails to respand to ler,der withm 30 days atter the date the notice ~s given. Lender is authorized to collect and appty the Frocesds, at its option. either to restoration or repair ot the Prope?ty or to the sums secured by Ihis Security tnsirument, whether ar not then due ' Untess Lerder a~~d 8orrower otherwi~e agiee in »riting, any apptication ot proceeds to p?incipal shall not extend or postpone the due date ol !he monthty payments reterred to in paragraphs 1 and 2 ta change the amoun', o' such paymerns 10. Borrower Not Releaaed; Forbeara~ce By Lender Not a Walver. Extension of Ih~ time for payment or mod~lica~ion af amortixation of the sums secured by this Security Inslrument granted by Lender to any successor in interest ot Borrower shall r!ot operate to retease the Iiability o! the original Borrower or Borrower's successors ~n interest. Lender shafl not be requ~red to commence proceedings aga~nst any successa in interesl or?efuselo extendfimetor payment or oiherwisemod~fy amortaatron~t the sums secured by this Security Instrument by reason oi any demandmade by the onyinai Borrower or Bo~rrnver's successors,n interest_ Any forbearance by Lender ~n exercising any right or remedy shall not be a~va~ver ot or preclude the exercise of any right or ~emedy. ' - 11. Succes~ors and Assigns Bound; Jolnt and Several Llablpty; Co-signers. The covenants and a9reements ot Ih~s Security )nstrumenl shall bind and benefit the successors and as~igns of Lender and Borre~ves. subject to the provisions of paragraph t7. Borrower's covenar~ts and agreemen!s shall be joint and several. Any Borrower who co-s+gns this Security Instrument bu! does not execute the Note: (a) is co-signing Ihis Security Instrument only to mortgage. grant and corn~ey that Borrower's interest in the Property under the terms cf this Security Insirument: (b) is not personatly obligated to pay the sums secured by this Secur;ty Instrument: a~d (c) agrees that Lender and any other Borrotiver may agree to extend mod+Iy. forbeai or make any accommodations wf!h regard to the tarms of this Security Instrument or the Note without tha? BorreNer's corsent. 12. loAn Charges. It the loan secured by ihis Security lnst~ume~t is sub;ect to a iaw which sets max~mum loan charges. and tha! Iaw ~s finally interpreted so tha! the interesf or other loan charges collected or to be collecte~ i~ connection w~ih the loan exceedlhe permitled limits. then: (a) any such loan charge shall be reduced by the 2mount necessary to reduce the chargetothe permitted limit: and (b) any sums alreadS~ collecled (rom Rorrower which exceeded permitted limits w~11 be ret~~nded to B~rrower. Lender may choose to make this ~efund by reducingthe princ+pal o;ved underlhe Noteor Ci makmg a direct paymenl to Borrower. If a refund reduces principal. the redUCtion will be treated as a parliat prepayment w~thout any pr~payment charge under the Note 13. Leglslation Aifeeting Lender's Rights. tt enactment or exp~ration of app?~cab!e taws has the effect of renderingany ~rovision of the Note or ihis Security insirument uneNorceable according to +ts terms. Lender, at ~ts ophon. may re~uire immediate payment in fui+ of alt sums secured by this Secunty Instru+nent and may inv4ke any remedies permitled by paragraph 19. If tender exercises this opUon. Lender shal! take the sle~~s spec;fied ~n ihe second paragraph ot paragraph 17. . 14. Notlces. Any notice to Borrower provided for in this Security lnsirument shall be g+ven by delivering it o! by mait~ng it by first class mail unless appticable law requ~res useof a~oiher method Ths notice shal; t~ directedtotheProperty Address or any other address8orrower designates by neiice to Lender Any notice to Lender shafl be g~ven by frst class mail to Lender'saddress stated herein or any other address lender designates by notice to Borrower Any noti~e provie~ed tar ~n fhis Security tnslrume-nt shall be deemed to have been given to Borrawer or Lender when given as provided ~n this paragraph. 15. Governing Law; SeverabUity. This Security Instrument sha~l t~e governed by tederai law and the law ot !he junsdiction in which the Property is located In the event that any pr~vrs;on or clause of this Securily Inslrument or the Note coMlicts with applicable law. such conflict shaN noi aftect other provisions of ihis Secunty Instrument or the Note wh~ch can be given effect without the conlliclir~g prov,sion. To lhis end the provisions oi this Secunty Instrument and the Note are declared to be severabie 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and oi this Security Instrument 17. Transfer of the Prope~ty or a Beneflclal Interest in Borower. If a11 or any part of the Property or any interest in it ~s sold o! transferred (or if a beneficial interest in Borrowe~ is sold or transferred and Borrower is not a natural person) without Lender's pnor written conseM, Lender may. at its optio~ reqwre ~^~mediate payment ~n fu~l of a1i sums secureri by lhis Secunty tnstrument ' However. this option shalf not be exercised by Lender if exercise is proh+bited by fede~at tatii as of the date of this Secur~ty Instr~ment N lender exercises th~s option. Lender shal! give 8orrower notice of accelerat;on The notice shall provide a period of noi less than 30 days from the date the notics is detivered or mailed within which Borrower must pay aIl sums secureci by th~s Secunty Inslrum~nt If Borrower (ails to pay these sums pnor to ihe expiratior. of this period. Lender may im~ke any rerr:ed~es perrnitted by th;s Se~urity Instrument ~vithout turther notice or demand on Borrower. - 18. F3orrower's Rlght to Relnatate. if 6aroNer meets certain conditions. Borrower shalf have the right to havP enforcement ot tnis Security tnstrument discontinued at any time prior tothe earl~er oi: ~ a) 5 days (or such other period as applicab!e iaw may specify tor reir•statement) before sate ef the Property pursuant to any pawer oi sate contained in thfs Sec~rity Instrurneni: or (b) entry ot a ~u~gmeni enforcing (his SeCUrity inslrunlent Those conciitions are that 8orrower: ia) pays Lende~ aIl sums whieh ' ~ then wou!d be due under this Security Instrument and the Nate had no acceleration accwred: (b) c~res any defauli ot any other ' covenan!s or agreements: (cj pays a!! expenses incurred in enforc~ng Ihis SeCUr~ty Instrument. inctuding, but not limited to. reasonable ~ttorney's fees: and (d} takes such action as lender ma/ reasonabfy require to assure that ihe lien ot this Secun;y Instrument. lender's r~ghts in tne Property and Borrower's ob~igation to pay the sums secwed by this Secur~;y Instrument sha~l conti~~e unchan~ed Upon refnstatement by 8nrrower. lhis Security Instrument and the obligati~ns secured hereby shall rema~n tuily etfechve as ~f no acceleralion had occ+irred. However. this right to re~nstale shall not apply in the case of acceleration under paragraphs 13 or 17 . ~ , PrM~oui eO~nOn d:ui B~ may De usM ~Vl/l\ • ~glt~Rlv~ bf (t60Q) PC ~~~x..s.~..~.v - . ~ _ _ _ . _ _._f ~ . _ _