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Home My WebLink About0955 ~.v..vc.....as.v... ~ n~ Fn~ti~cu. v~ uu~ ura~u an ~~a~~n ~v~ uuu~a~c~. w~cz~ v~ wnxyucnua~. n~ ~vnnctuun v~~u~ ~n~ cundtmnation or c>thrr taking of an~• part uf the Property, or for rumeyanre in liru of cundemnat~on, are hrreby~ a..igned and shall be p:~i:i tu Lendrr. In the r~ent uf a total taking of thr Pro~ert~, the prcxcYds shall be applied to thr sums se~ured by this Secunty lmtrument, whrther or nclt then due, with any exce:~s paid to Borrower. In the event of a partial taking of the Property, unl~tis &~rruwer and Lender othrrwise agree in w~riting, the sums srcured by this Secunty Instrument shall be reduced b? the amc?unt uf the prexeecis multiplied by the foliowing fraction: (a) the totat amount of the sums secured immediately brforr the taking, di~ ideci b}~ (b) the fair market ~~al~ie of the Property immediately before the taking. Any balance shal! be paid to &~rroa~er. If the Praperty n abandonrd by &~rrower, or if, after notice by Lender to Borrow~er that the condemnor oBen to nzake an auard ur ~ettlr a claim for damages, Borrow•er fails to respond to Lender within 30 days after the date the notice is gi~rn, Lrndrr is au:horizeci to collect and apply the procecds, at its option, either to restoration or repair of the Proprrty or tu the sums sc~urrd by this Security Instrument, whether or not then due. lJnless Lender and Borrower otherv?~ise agrec in writing. any application of proceeds to prinr~pal shall not extcnd ar pextEx~ne the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10. Borror.er tiot Released; Forbearance By Ixnder tiot • K'aiver. Eztcnsion of the time for paymcnt or mcdification of amortization of the sums secured by this Security lnstrument granted by Lender to any successor m interest of Borrow~er shall not operate to release the liability of th~ onginal Borrower or 8orrower's successors in inlerest. Lender shall not tx req~ised to commence proceedings against any successor in interat or refuse to extend time far pa~~ment or othrrwise modify amortization of the sums secured by this Security Instrumrnt t+y reason of any demand madc by~ the onginal f3orrow~er or Borrower's successors in interest. Any fort~earance by Lender in exercising any right or remedy shall not be a w~ai~~er uf or preclude the exrrcix of any nRht or rrmedy. . li. Suceessors and Assigns Bound; Joint and Serenl Liabflity; Co-signers. The co~enants and agreements of this Sc~c:urity Instrume~t shall bind and bene6t the successon and assigns ot Lxnder and Borrower, suhjert to the pravisions of paragraph 17. Borrow~er's co~~enants and agreements shall be joint and several. Any Borrower w~ho casig~s this Secunt~~ Instrument but does not eaecute the Note: (a) is casigning this Security Instrument only~ to mortgage, grant and com~ey that Borrow~er's interest in the Propert~• under the tcrms of this Security [nstrument; (b) is not pe~sc~nally obligated to pay the sums secured bp this Security Ins,rument; and (c) agrees that Lender and any other Borrow~er may agree to eatend, mociiCy, forbear or make any accommodatiuns with cegard to the terms of this Security Instrumrnt or the Note without that Borrow~er'sconsent. 12. Loan Charges. If the loan secured by this Secunty Instrument is subject to a law whi~h sets maximum loan charges, and that law is finaUy interpreted so that the interest or other loan chargrs collected ar to be collected in cannection w~ith the loan e~ceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount n~estary to reduce the charge to the permitted limit; and (b) any sums already collected from Horrower which exceeded permitted limits wil! be refunded to Borrower. [xnder may choose to make this refund by reducing the principal owed un~er the Note or b}• mak~ng a direct payment to t3orrou~er. If a refund reduces pnncipal, the reduction wil! be treated as a ~3f[13I j1fCF13yment w~ithout any prepapment charge under the Note. 13. Legislation Affeeting Ixnder's Rights. lf enactment or expiranon ot appli~able laws has the effect of rendenng any provision of the Notc or this Secunty Instrument unenforceable acrording ~o ~ts terms. Lender, at its ophon. ma~• require immediate pa~~ment in full of ail sums securrd by this Seti:urity Instrument and may invoke any remedies permittrd b}• paragraph 19. If Lender exercises this opuon, I,ender shall take the steFx specifiecf in the serond paragraph of ~ paragraph 17. 14. \otices. Am~ nonce to Borrower protiided fot ~n this Secunty lnstrument shall be gi~en b}• del~~ering it or b}~ ~ ma~l~ng ~i by first class mai! unle~s appl~cable law reyuires ux of another method. The notice shall be directed t~ the Propertl~ Addre~sti or an} other addrrss Borrow~er de~ignates by notice to [xnder. An}~ not~ce to Lender shall be gi~en b}~ ~ fint clatic mail tc~ 1_ender'ti address statecl here~n or any other address Lender dts~gnates by notice to Borrower. Any nouce ~ pruti ided for ~n thi~ Srcurity In~trument shall be deemed ta have been g~ven to Borrow~er or Lender when gi~en at pro~ided m this paragraph. 1S. Governing I.aw; Seterability. Thtis Sccurity Instrument shalt be go~erned by federal law• and the law of the ~uritidiction in whtch the Property~ is located. In the e~ent that any prov~sion or clause of this Secunt}~ Instrume~t ~r the ; tiute conflicts w~~th applicable law~, such conflict shall not affect other prov~sions of this Secunty~ Instrument or ihe tiote ~ whirh ran be g~ven efiect without the c~nflict~ng provision. To this end the pro~isions of this Security Instrument and the ti~~tr are declared to be se~erable. F 16. Borrower's Copy. &?rrower tiha11 be given cme conformed cop~ c~f the Note and of thi, Serurity~ Instrument. r 17. Transfer of the Property or a Beneficistl Interest in Borrower. If all c~r an} part of the Property or ;~ny ~ intercwt in it is uild or transferrecf (or if a benefieia) interest in Borrower i~ u~ld or transferrrd and &~rrow~er ~t not a natural ~ prrwn? ~uhout Lender's pnor written consent. Lender may, at its opuon, reyuite ~mmediate ~ayment in full otall sums ,rcured by this Secun~y~ Inslrument. Hnwever, th~s ophon shall not be e~ercised by~ I.ender if exrrcitir iti prohtb~ted b~ frdrral ~aw a~ c,f the date of this Srcur~tv Instrument. If Lrndec txerriu~ this optiun. Lender shall g~~e I3orre~wer nonce c~f acceleranon. The nuure shall provide a penod ~~f ne~t ir~s than 30 da}~ from the date thc nohce is deli~ered or maifed w~ithin which IIorrower must pa} all sum~ utiured bp thiti Secunt} Instrument. If &frrower fail~ to pay~ these sums E~r~or to the expiration of th~~ ~enod, l.end.°r ma~• in~c~ke am• s ~ remed~r, prrmitteci b}• this Security Instrument withoui further not~ce or demand on E3orrow~er. 18. EiorroKer's Rip,ht to Reinstate. If Borrower meets rerta~n conditions, &~rrower ~hall ha~e the r~ght to ha~e enft+r~emem of thiti Secur~t}~ lnstrument dixont~nued at any t~me pnor to the earlier ot~ {a) 5 da}s (or such other penc~d as appli~ahle law ma} spe~~fy fnr rr~n+tatrment) befare sak of the Property pursuant to any ~w~er of sale ronta~ned ~n thi~ Sctiunty In~trumrnt: efr (b) rntr} of a ~udgment rnforc~ng this Src:urity Instrument. Thcne ronditions are that Be~rruwer. ; la! pa}t I.ender all sum~ ah~ch then would be due under this Sa:urity Instrument and the No[e had no acceleration ' ~xrurred; (b? rure. an} Jrfault of any c~thrr cc~~~enants or agreements; (c) pays all expen~es incurrecl in enf~rc~ng this "r. ~ Srcuri~} Imtrumrnt. ~ncluding, bu~ not I~m~ted to, reawnabte attorney~' fees; and (d) takc~ ~uch action as Lender may rea~unnbl~ rcyu~re tn ;~ti~urr ~hat the (ien of this Secunty Instrument, Lender's rights in the Propert~ and &?rrower's cihl~gaU~m tn pay the tium~ u~ured by thts Scrunty~ Instrument tihall commue unchangrd. Upon reinstatement by &~rr~~urr, th~ti Serunt} lmtrument and the o~ligatwnti .xcured hereby shall rematn fully effect~~~e as if no aceeleration had ~~currecl Hc~we~rr. th~, nght to re~n~tace shail not a~ply m the case c~f accelerat~c~n under paragraphs 13 or 17. g00~ c~.1a7U ~~k # a _ ~ . _ _ K: - x ~ _ . _ _ _ ~:~r: - . - ~ ~ ~ ~ ~ ~