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Home My WebLink About0414 If L~nder required murtka~;e insurance ~s a a~nditiun uf mskinK ~he luan serure.l by this Securiey In- scrumrnt, Hurruw•rr shall pa~• thr prrmi~ms require.l a~ m~int~in the insur~nre inefFect untii sunc ~imr.~s a reyuiremrnt fur thr insuranre eermin~tes in accurd~nre wich Burn~w~er's and Len~lrr's writtrn akreement or ~pplicable luw~. 8. lnspection. Len~lrr ur its a~;rnc may make reasun~blr rneries ufx~n and inspeiti~>ns uf the Yruprrt~•. Len.irr shall ~;i~r L3urruw-er nuti~e at thr time uf ur prior tu ~n inspectiun speiif~~in~; reasunzblr c~usr fur the inspc-~tiun. 9. Condemnation. Thr pnxee~s ~~f any award ur rlaim fur damages, direct ur c<mseyuential, in cunneiciun w~ith ~n~• iunJemn.?ciun ur ueher takin~; ~?f an~~ p.?rt uf che Yruperry, ~~r hx ii~m~eyance in lieu uFcun~emn~tiun, are hrreby assiKned and sh,~ll be p:?id tu I.rn~rr. In chr e~•ent uf ~~ut:~l cakink uf the Pruperty, the pnxeeds shall be applieJ n~ che sums seiureJ by chis Srcurity Ins~rumrnr, wheeher ur nuc then due, w•ith any excess pai.f u~ Hurn~wer. In thre~~rnc uf u p~rtial t~kin~;uf che Pruperc}~, unless tiurruwrr znd Lender utherw~ise aRrre in writinK, the sums sc~ured b~~ ~his Securit}' Ins~rumenc shall br reduce~ by ehr amuun~ uf thr pnxeeds mulriplied by thr Fulluw•ing frartiun: Ia) the a~tal amuunt c~f the sums serured imme.~iatrly~ befure ~aking, Jividrd by (b1 the fair m~rkec valur uf che Pruperty~ immc~fiatrly beEure the taking. An~~ balanre shall be ~aid tu Born~wer. If the Pruperty is abanJe>ned by~ Burruwer, ur if, after notice by l.ender u~ &~rrow~er tha~ the rundemnor uffers u~ make 3n .~w•ard ur se~cle a rlsim fur damaKes, H~~rruwer f3ils a~ resEx~nd ~o l.ender within i0.la~•s ~fter the dace che nucire is gi~~en, Lrnder is authurized cu c~~llere and apply the prureeds, at its ~~pti~~n, eicher cu rrswratiun ur rep~ir uf che Yruperc~• ur u~ thr wms secured by ehis Securicy Instrument, whrther ur nut then due. Unless Lender and Burruwer uther~•ise agree in writing, an~~ applicutie>n uf pnxec~ls tu principal shall nuc excend or Fx~s~Fx>ne the due date uf the munthly psyments referred co in paragraphs l a~d 2 ur change the amuunt uf such puyments. 10. Borrower Noc Released; Forbearance By Lender Noc a Waiver. Excensii,n uf che cime for pa~~menc or mixlifir~tiun uf amurtizacii~n uf the sums secured by this Security Instrument granted by [.ender a~ any~ successor in interesc uf B~~rruwer shall nuc ~>perate cu relrase che liability uf the uriginal H~~rruwer ur Burrow•er's success~?rs in interest. I.endrr shall nuc be reyuired tu cummence pn>ceedings against any successur in interest ~?r refuse to extend cime fur payment ur utherwise mudify amurcizaciun uf the s~ms srcured by this Security tnscrumenc by reasun ~~f any demand madeby theori~inal H~~rruwer j ur He~rniwer~s success~~rs in interest. An~~ forbearancr by l.ender in exercisinF an}• riKhc ~~r remedy shall nut be a waiver uf ur ~ precludr ehe exerrise uf any rixht ur remedy. 11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and a~;reemencs uf this ~ Securitq lnstrument shall bind and benefit the successurs and assigns uf Lender and Burrower, subjert a? the pru~~isii~ns e~f 4 paragr~ph 17. Hurruwer's cu~~en:~nts and agreements shall be ji~in[ and several. Any Borruw~er w~hu co-signs chis Security i Instrumenc buc dues nut execute the Note: ( a) is cu-signing this Securi~y Instrument unly tu mortgage, grant and cum~e~• that ~ Burruw~er's incerest in the Prupercy under che terms uf this Security [nstrumenr, tb) is nut perst~nall!• ubligated to pay che sums secured b~• this Security Instrumenr, and (c) agrees thac 1_ender and any uther Burrower may agree tu extenJ, m~x~ify, ; furbrar ur m:~ke an~~ acrommiidatiuns with regard tu the cerms ~~F this Security Instrumene ur the Nute w~itn~~ut that i Burruw•er~s consenc. f t2. Loan Charges. If ehe luan secured by this Security Inscrumene is subjecc ee~ a law which sees m~ximum I~~an charKrs, an~1 that law is finaUy interpreted su that che interest ur other luan charges cullected or c~~ be a~llerted in runnectiun ~ w~ith the luan exceed the permitred limits, then: 1 a) any such luan rhargr sh~ll be reduced b~~ the amuunc necessar}' cu reduce ~ the charge tu che permicced limir, and ( b) any sums alresdy cullected frc~m B~~rn~wer w•hich exceeded permicced limits w~ill be ~ refunded tu Bi>rruw~er. I.rnder maq chiwse u~ make chis refund by~ reducing che principal uw•ed under the Nuce ur by making a ~ direc~ pay~menc tu Hurn~wer. If 1 refund redures principal, the reduction will be created as a psrtiat prepa~•ment w~ichuuc anJ• ~ prepa}'men~ char~;e under che N~~te. € l3. Legislation Affecting Lender's Rights. If enactment ur expiratiun ~>f applicable laws has the effecc i~f rendering ~ ~n}• pr~n•isiun uf che Nute ur rhis Serurit~~ Instrument unenfurceable according tu its terms, Lender, at its uptiun, may require iinmrdi~ee paymenc in full uf all sums secured by this Secueity Instrument and may im~uke any remedies permicced b}~ i par.~~;r~ph 1~). If l.rnder exercises chis upciun, Lender sh:~ll take the steps specified in che secund paragraph of para~r~ph 17. ' 1-~. Notices. An}• notice tu Borruwer pre~~~ided for in this Security lnstrumenc shall be gi~•en by deli~~ering it e~r b~• ~ mailin~; it by first class mail unless applicable law requires use of anuther mechocl. The n~xice shall be directed n~ the Yruperty ~ A~tdress i~r any ucher address Be~rruwer designates by notice tu Lender. Any ne>cice to Lender shall be Riven by first class mail ~ tu Ixnder's 3ddress stared herein ~~r any uther address Lender designates by nutice to Borrower. An~• rn~tice pruvided fur in this Serurity Instrument shall be deemed to have been given co Borrower or Lender when given as pr~~vided in this paragraph. ~ 15. Governing l.aw; Severabiliry. This Security Ins~rument sh311 be governed by federal law and the law of the ' jurisdirciun in which che Pn~perty is I~xa~ed. In the event that any pruvisic~n ur clause uf this Security Instrument i~r the Note ~ runflirts with applicable law, such a?nflict shall nut affect e>ther pruvisionsof this Seruricy Instrument c~r the Ne>te whinc ~an ~ be ~;i~•en effect withi~ut the amflicting prvvisie~n. Tu this end the pn~visie>ns uf this Securic~~ Instrument and che Noce are ~ ~ierl:~red cu be severable. k 16. Borrower's Copy. Burre>wer shall be given one cunh~rmed ce~py i~f the Nuce and uf chis Seturit~~ lns~rumenc. ` 17. Transfer of che Property or a Beneficial Interest in Borrower. If aU ur any~ part e>f che Pn~perc~~ ur an~• ~ interest in ic is si~W ur transferred tur if a benefirial interest in Borruwer is suld or transferred and Burn>wer is nut a natural persun) withuut Lender's priur wriuen a~nsent, I.ender m:~y, a~ ics upticm, require immediate payment in fuU of all sums seiured by ehis Securicy Instrument. Huwe~•er, this ~~pcic~n shall n~n be exercised b}~ Lender if exerrise is pn~hibited by federal law as uf the date e~f this Security Instrument. If l.ender exercises this c~ption, Lender shall gi~~e Be~rr~~wer notice uf .~cceler3cii~n. ?he nocice shall provide a peri~?d c~f nut less than 30 days frum the dare che n~~tice is delivered ur mailed wichin which Borrower must pay all sums secured by this 5ecurit~• Instrumenc. If Borruwer fails to pay these sums priur to the expiratitm uf this period, [xnder may imuke any remedies permitted by ehis Securicy Inscrumene withuuc further nucice ~~r demand un Born?wer. 18. Borrower's Right to Reinstate. If &>rrower meets cercain conditiuns, Borrower shall have the right co have enf~~riement of this Security Instrument disconcinued ~t any time prior tu ehe earlier of: (a> 5 days (or such uther peri~~d as ' applic:~bie law may specify fe~r reinstatemene ~ bef~>re s:~leof the Property- pursuant ro any power of sale contained in chis Se- ~ curiey Instrument; ur tb) entry c~f a judgmenc enfurcing this Security~ Inscrument. Those ce~ndiciuns are that Burre~wer. (a> F pays Lender all sums a•hich then wuuld be due under this Security Instrument and the Noce had nu acceleration ixcurred; (b) cures any default uf any ~xher convenants ur a~reements; (c> pays all expenses i~curred in enforcing this Security Instrument, including, but nuc limired tu, reasunable ~caxneys' fees; and Ici) takes such actiun as Lender may reasonably require as- sure that the lirn of chis Security Instrument, I.ender's rights in the Pruperty and Borcower's obligation to pay the sums secured by this Security Instrument shaU cuntinue unchanged. Upon reinstatement by &xrower, this Securiry Instrument and the ubligations secured hereby shail remain fully effective as if nc~ acceleration had cxcurred. However, this right tu reins~are shall nut apply in the r~se ~~f acceleratiun ander paragraphs I i or 17. s~o~ 674 ~~E 414 ~ ~ - - - - - ~ ~ r v~ :'~..~s~w~ ~ a~.~"~~~~r-"h"~~"~`~._'~~~~