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Home My WebLink About0787 . . . . . . . it Lender !equ~ieU mortg~lge ~nsurr.n,.e a~ 8 Cond4~on of m~lku~gihe lu~n s~CUred py lhiS Sc~CUr~ty Instrurnenl Borrur:er shaii p~y th~ prem~unis requ~r~d !O rn~int3'r lhE? i(?SU!31?C@ ifl OffeCl uf?ii! SuCh hme as the requ~rernen! !or the ~ns~rance tern;.f13;ES ~tl accordance ~nih Borro~tier s and Lender s wntten agreernent or app!~cable law 8. Inspectlon. Lender or ~ts agent may make reasonabie entnes upon an~ ~nspect~ons of the Properry lender shail g~ve Bunower not~ce at the t~rne ot or ~mo~ to an ~nspect~on spec~fy~ng reasonable cause tor Ihe mspecl~on 9. Condemnation. The ~}roceeds of any a~vard or cla~rn for darnages d~rect or consequent~al. m connect~on w~th any cuncierr~nat~on or other ta~c~ng o! any part of ihe Property or lor conveyance ~n heu of condemnalion are hereby ass~gned and shaii I ~e pa~d to Lender In the c vent of a tota! !ah~ng of tne ProE~erty the nroceeds shall be appl~ed lo the surns sec.ured by this Secunty Instrument ~.vtiether oi not then due ~s~!h any excess pa~d to Borrower In the event of a part~al tak~ng ot ihe Property ur.iess Borrower ar.d ~ Lender otheryv~se agre~ ~n wr;l~ng the surns secured by th~s Secur~ty Instrument shali be reduced by Ihe amo:;n! of the ~r~ceeds j r7~u!t~pl~ed by Ihe foUo~.ving fraction ~a1 the tutai amount ot tne sums secured imrned~ately betore thetak~ng d~v~ded by (bl the fau ~ i rnarkel vaiue of the Property ~rnmed~arely before the tak~ng Any batance shall be pa:d to Borro~ti~er ~i It the Property ~s abandoned by Borrovrer. or rt after no;ice by Lender to Borrower that the condemnor of}ers to rnake an , award or ;ettle a claun for damages Borroti~~e~ fa~ls to respond to Lender w~th~n 3~ days after the date the not~ce ~s g~ven Lender ~s aulhonzed to coilect and apply the proceeds at !ts opUOr e~ther to restorat~on or re~au of the Property or to the surns secuied by , th~s Secunty ~nstrument. ~h°hether or n~t then du~; Unless Lender and Borrower other~v~se aiaree m wnt;ng any appl~cat~on of proceeds to prnapal shali not extentl ~?r poslpone the due date of the montniy payments referred to ~n paragraphs 1 and 2 to change the amount of such payments 10. Borrower Noi Relessed: Forbearonce By Lender Not a Waiver. Extens~on of the t~me for payrnen! or moddication ~~f amort~zat~on of the sums secured by th~s Secunty Instrument granted by Lendei to any successa in ~nterest of Borrower shall not c~~erate to release the t~ab;~~ty of the or~g~nal Borrower or Borrower's successors ;n mterest Lender shau not be reqwred to cemmence proceed~ngs aga~nst any successor ~n interest or refuseto extend hme for payment or otherw~se n~od~fy amort~za!~on of the sums secured by ih~s Secun!y Instrument by reason of any demand made by the or~g~nal Bo, rower or Borrower's successors m meerest Any forbearance by Lender ~n exerc+s~ng any ~~ght or remedy shalt not be a ~vaiver otor precludetheexerc~seof any r~ght or r er~edy 11. Successors and Assigns Bound; Joint and Several ~iability; Cwsigners. The covenants and agreements of th~s Secur~ty instrument shatf b~nd and benef~t ihe successors and ass~gns of Lender and Bonower sub~ect to Ihe prov~s~on; cf paragraph 17 Borrotti•er s covenants and agreen~ents shall be ~o~rt and several Any Borrower who co-s~gns th~s Secur~ty ins!rument but does not execute the No,e (al ~s co-sign~ng this Secunty instrument only to martqage grant and corne•~r lhat Bor~ovrer s interest m the Property under the terms of th~s Secur~ty Instrument 1bl ~s no; personal(y obt~gated lo pay the sums sea~red by th,s Secuniy Inshurr.ent: and ic) agrees that Lender and any othei Borrowe! may agreetoextend rnodrfy. forbear ar ~*:a~e any accomn:,~daro~s ~,•:~tn regard to th~ ~(~rn;S pf ihi5 SeCUrty lnstrurnent or the Note v:tlhOUf Ihc~! BG!f(;,':e~ s concen? 12. Loan Charges. it the'oan secured by th;s Secur~ty insh~n?ent ~s sub~ect to a;a.^r ~rrh~ch sets rnax~murr: !oan cha~ges ancl ?hat !a~v ~s f~na!ly !rterpreted so that the ~rterest or other loan charges coliected ur to be cetiected ~n connect~on w;th!he loan i•xceed the F~em~~tted I~m,ts then +ai any such loar~ charge shall be ~educed by the ame~unt necessary tu reduce the chargeto the E;e~m~tted i~~~ ,t and !b1 any sums a!ready co~iected tro~r~ Borrottier r~h~ch exceeded perrn~?ted !~m~ts ~.v~l! be retunded !o Bo!ro~.ver LerCer rnay ::hoose tc; rraKe th~s ref;,nd by ~~'duC~ngthe pnnapai owed under the Noteor by ma~~rg a d,rect payrnent to Borrower If a~~~fund ~e,fuces pnnc~pal the reduct~or. w~lt be treated as a part~al prepayment ~k,thout any prepayment charge under the Note 13. L.egisl8tbn Aik~ting lender's Rights. If enacxment or exp~ration d app6cable lavVS has the effe~t d rendering provis+ais respeciing the repayment terms, interest adjustments, or transier d property under the No2e or this Secunty Instrumertt uneMorceable accordmg to its terms, Lender , at ds opiion, may reqwre Borroaver to modrfy the repaym~nt terms, interest ad~ustment terms, or transfef d property pransion(s), as appl~cable, d the Note and/or the Secunty Instrument. The new term(s) shali not mcrease the Note interest rate to a rate greater than ' the rate Lender vtiouki ha~,~e offered Borrv4++er on the date d the Note for a 30-year fixed rate loan in the same original principal arnount as the Note ; If Lender exerc~ses ihis option. Lender sha!i give notice to Borrower, specrfy~ng: (a) the acUon required to modify the appiicabte term(s) d the Note and the Security Instrument; (b) a date, not less than 90 days (rom the date the not~ce ~s give~ to Borrow~er by which the modrf~cai~on ~ must be comp~eted; and (c) that Iailure to complete the mod~ficaUOn on or before the date spec~fied in the notice may resuft m accelerat~on of the sums secured by the Security Insirument. i( Borrower fails to take the action required to effect the modificat~on with~n the spec~Iied Ume. Le~der may ~nvoke any remedies perm~tted by the Sec~r~ty In~rument without lurther notice to or demand on &xrow~er. I ~ 14. Notices. Any r.o?~ce to Borrr,;~er prov~ded for ~n thi; Secuuty Instrurnent shal! be g~ven by de!~vering ~t or by ma:l;ny ~ hy f~rSt class ma~l u~less ap~;t~cab!e lavr requ~res use of another rnethad The r,ot~ce sha~i be d~tected?o the Property Address or any ~ aCdress Borro~n~er d2s;gnates by not~ce to Lender Any not~ce to Lender sha!i be o~ven by f,rs! class ma~l to Lende~ s address stated here:n or any other address Lender des~gna!es by not~ce to Borrewer Any r,ot~ce prov~ded tor :n rh,s Securty i~s?rument ~ s~a!i be deerned to have been y~ven to Borro~,ver or Lender when g~ver as provided ~n th~s qaragraph 15. Governing Law; Severability. Th~s Secur~ty Ir,tr~ment sha~l be goverreq by tedera~ ~ar: and ?ne Iaw o' tr~e p ,-~~d~chon m~.vh~ch the Property ~s Iecated Intheevent that any prov~s~onor ciauseof ih;s Security instrument orthe Noteconflicts ~ :..th a,~~~i~cab~e iaw such conflict snail no! affect other pro~ns+ons of this Secunty I~strumert or the Note ~~~h~ch can tie g~ven ettect :•r~thour. !he conN~ct~r,g prov~s~on To tn~s end the prov~siens of th~; Secur~ty Instrurnent ard the Note are dec!ared to be severab.e ~ 16. Borrower's Copy. Benorler shali be g~ven one conforr~ed copy of the No?e and of th~s Secunty Instrument ~ 17. Transfer of ihe Property or a Beneficia! Interest in Borower. If all or ~ny part ct the Proper;y er any ~n~ erest m~t ~s sc'.d or transferred lor ~f a beneficial ~nterest in Borroa~er is sold or iransferred and Borrower ic not a ~atural personl w~thout Lender s ; F~!~or ~rJnt?e~ consert ~ender may a? ~~s optron requ~re ~~T:med~ate ~ayment ~n fufi of ati sur~~.s secured try !h+s Secunry Instn,ment N,,~;rever tr;s o,~t cn shai~ not be exe~c~sed by Lender exerc~se ~s proh~~:ted by federal ia:v as of the da?e of th;s Secur~ty ins?~ument I! LCflde~ @xB!CiS~S ?hiS OphOn ~P,f1dCf ` h~ll ~iye' gOffOLYEt ftOhC" 0} aCC@~P.fd1iG~ The not~ce shail prov~de a per~od o` nct ir~ss !han 30 days from the date the not~ce rs deirv~red or ma~i~d •~~~ihin whi~h Borroh~er m~;st pay ai! sums secured by th~s S~cu~~ty Inst~ument If Borrc~r~•er ia~is to pay these sums pnor to the exp~~al~on of th~s per~od Lerde+ rr~ay ~nvoke an~ remed~es perm~ited hy 'h~s Secunty Instrument ~,v~thout furtner not~ce o! demand on Borro•~rver ~ ~ 18. Borrower's Right to Reinstate. ~f g~rro~r~e~ meets certa.n cond~t~ors. E3orrc~r~er s'~a,l have the nght to have ~ c!.'r;rcemeni ot th~s Sec~~nty Ir,strument d~scurn;nued at ar:y t~me pnor tothe eari~er o' 1 al S days [a such othe~ pencd as appl~cab!e ~a:: rT~ay spec~fy tor remstaternentl before sa!e of the ProF:erty oursuant to any pc:ve! o' sa~e conta~r.ed m this Secunty Inst~ument ~ C' ib) en!ry o' a ~ud3'T.~,!'1 Cnfi;~C~r,g ;n,~S cCCU!;i~ IrSt!Ut".En! ThOSC C0, iC.'!i:)f1S c~IC ih~? Barrower (a1 pays Lender al! SU.'7iS '.'/htCh ~ thr.~r. :;~ou!d ee due ;,n~;~,r i~~s Secur~~?~, ics+,r!.r~~~~n? ar,d the N~it~~ had ro accelerat~;,n cccurred. (bl cures any default of ar,~,r other ~ t; ~q7C!i:j!l',5 C.' 3~'EE3(!~~~riS iC1 (i8'jS 8iI C'rUr.^SE'~ i~?CU~~PCj ifi tfl}CifClll~ fh!5 .SE'CUf~(y ~f1S~fU'T'.@fll. !fiGIJCj~fld. bU~ (1C1 ~If!?fIE,'Cj 10_ t 80Gi16 PACE 787 ~ ~ ~ ~ p. y . . . . - - . _ . . ~ ` 5: ~ "~~;-'=r"~ a;~ :-a" ~ ~+.~:'r~y~,.9-~,_^~~~~.~~~f.~; ~-Te