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Home My WebLink About1885 . ; ~ • , ~ ~ If Lender requ;r.~~! mongaye ~rsurance as a conda~on of mak~ng ihe ~oan secure.~ by th~s Secur~ty fns?rument Borrower shall Ray Ihe prem~urns requ~red to n~a~nla~n the ~nsurance ~n eYect unhi such hme as the requuerner~t ior the msurance tenn~nates ~n accordance ~wth Borrower s and ~ender s wntten agreem2nl or appl~cabie law 8. InspeCtion. Lender or ~ts agent rnay make reasonable entr~es upon and ~nspecUOns of the Pioperty Lender shali g~ve Borrower nence at the t~me ol or p?~or to an ~nspect!on spec~fy~ng reasonable cause for the ~nspect~on 9. CondemnaUon. The proceeds of any award or cla+m for damages. d~rect or consequent~al. in conneCt~un w~th any con:lc~mnat~on ui other tak~ny of any part of the Property, or br conveyance ~n I~eu ot condemnat~on. are hereby ass~gned and shall be pa~d to Lender ~ In the event ot a tutai ta~:~ng uf the Property the proceeds shali be appi~ed to the sums se~:,red by tn~s Secur~iy Instrument ~.vhethe~ o~ nu1 thcn due w~th any excess pa~d to Borrower In the evarn of a part~al tak~ng of the Property unless Borrower and Lender utheitis~se agree ~n wr~t~ng lhe sums secured by th~s Secunty InsVument shall be reduced by the ami~unt o! the proceeds n;uthpl~ed by th~ ic!tow~ng fraci~on i a) the lotal amount oi the sums secured ~mmed~ately before ihe 12k~ng d~v~ded by (b) the fa~r market value ot the Propert ~r~~ed~a!ely before the tak,ng Any balance shall be pa~d to Borrower ti'it~ih~~o ~ ~~~ned by Boirower, or if. after notice by Lender to Borrower that ihe condemna offers to make an _~~~~y~~~~o! damages Borro~~~er (a~~s ro res~ond to Lender tiv~tn~n 30 days after the date the not~ce is grven. Lender ~s Y~t~i~11~ sOM~t~1~ti~he E;roceeds. at ~ts opt~on. e~ther to restorat~on or repa~r of the Property or to the sums secured by th~s~q!lQ~~rexr~enriwhether or not then due Unless Lender and Borrower othenv~se a~~ree m wnt~ng. any appi~cat~on of proceeds to p,~nc~pal shaR nor extend ur G>osipore the due date of the rnonthiy payments reterred to in pa~agraphs 1 and 2 to change the amount of such payments 10. 8orrower Nof Released; Forbesrance By Lender Not a Wdver. Extens~on of the t;me fo: paymenl or mod~fical~on of amort~zaUOn of the swr.s secured by th~s Security lnstrument granted by Lender to any successor ,n ~nterest of Borrower shall not c~~erate to release the I~ab~l~ty of the or,g~nal Borrowe? or Borrower s successors ~n ~nterest lender shall not be requ~red ~o commence proceed~ngs aga~nst any successor m ~nterest or reiuseto extendt~metor payme~t or otheiw~semod~ty amoR~zat~on ot ihe sums secured by th~s Secunty fnstrument by reason ot any demand made by the onginal Borro~ver or Borrower's successors ~n ~nterest Any brbearance by Lender ~n exeresmg any nght or remedy sha~l not be a waiver of or prec~udethe exerc~se of any nghi or remedy 11. Successors and Assigns Bound; Joint and Several Liabllity; Co-signers. The covenants and agreements of th~s Secur:ty ?nstrurnent shau b~nd and benet~t the successors and ass~gns of Lender and Borrower. sub~ect to the prov,s~ons of paragraph 17 Borrower s covenants and agreements shall be ~o~nt and several Any Borrower who co-s~gns th~s Secur~ty instrurnen! but does not execute the Nete (a) ~s cc-signing ihis Secunty Instrumenc only to mortyage grant and convey ihat Burrower ; ~nterest !n the Proaerty under the terrr~s ot th~s Secunty Instrument (b1 ~s not personally obhgaled to pay the sums secu~ed by th~s Secur;ty Instrument and i cl agrees that Lender and any other Borrower may agree to extend. modrfy. torbear or ~~~a~e any accom~nodat~ons ~wth ~egard ro tne terms o? ih~s SeCUnty In;trument or the Nole ~4~lhoul that Borrower s consent 12. Loan Charges. It the ~oan secured by th~s Secunty instrument ~s s~b~ect to a faw wh~ch sets maxunum loan charqes. anc that !atiti• ~s f~nally :nterpreted so tha! the ~nte~est o, other loan cha~ges co~leded or to be ceiiected ~n connect~on ~~r~th the loan e:.ceed !he F~~~rrn tted'~rn~ts then t a~ any sucn loan charge shall be reduced by the arnount necessary to reduce the chargetothe t7en^it?ed I~r,~~t ~rd 1 bl any sums alread, Co!lecied trom garo~.ver tivh,ch exceeded perm~tted I~~T~~ts .nil be refunded tc Borro~ver Lender r*,ay choase to R~ake ;h~s refund by reduc~ng the pr~nc~pal o~~~ed under the Noteor by maR~ng a d~rect payment lo Borrosver If a~e`~:nd re;iuces annc~pai. the reCuct~or, w~n be treated as a part~a! pr~.~aymen; w~thout any prepayment cha+ge under the Note 13. ~egistation Aflectlng Lerxier's Righfs. If enacUnerd or expiraUon d app~cab~e laws has the ef~ecx d rendering prov~ons respecting the repayment terms, interest ad~sstments, or transfer d property under the Note or this Security Instrument une~orceable accad~ng to ~ts terms, Ler~der , at rts opt~on, may requ~re Borrvwer to modity the repayrnent terms, ~nterest ad~ustment tetms, or transfer d property pravss+on(s), _ as appl~cabl~ d the Note and/or the Security Instrument. The new term(s) shall nd increase the Note interest rate to a rate greater than the rate Lerider vrould have oHered Borro~e? on the date d the Note for a 34year fixeci rat~ ban ~n the same orginal principal amour~ as the Note If Lender exerc~ses th~s opt~on, L,e~der shall g~ve notice to Borra~ver, specifymg: (a) the act~on required to modify the applicable term(s) ot the Note and the Securrty Instrumer+t: (b) a data not less than 90 days from the date the rat~ce is given to Borra~+uer, by wh~ch the moddication must be completed; and (c) that failure to complete the modrfication on or before the date specrf~ed m the notice may resutt in acceleration d the sums secured by the Securdy Instrument. If Sorrower fa~ls to take the action required to effect the modification within the specrfEed Ume, Lender may irnroke any remedies permMed by the Securdy Instrument without further not~ce to or demand on Borrower. ; 14. Natices. Any n0?iCC l0 BO~~O',V@r prov~ded for m th~s Secu~ ~ty Instrurnent shaik be g~ven by de!~ver~ng or by ma~l~ng ,t ~ by f:+st class ma~l urness aopi~cable iaw requ;res use ot anotner meihod The not~ce shai! be d~rected tothe Property Address or any ~ o?ner address Barrewer des~gnafes by not~ce to Lender Any not~ce to Lender shall be g+ven ~y first class ma~l to Lender s add~ess ~ s~ated here+r, or any other address Lender des~gnates by not~ce to Borro~Ner Any not~ce provided for :n this Secunry Irs',rument ~ ~~a' oe deemed to have be~n g~ven to Borrower or Lender ~xh~n gven as prowded ~n th~s paragraph t 15. Governing Law; Severability. Th~s Secwity Instrumer,t shall be governed by federa! la~.~ and the iavr o` the ~ !.,nsd~chon m,~rh~ch the Prcperty ~s located !n the event that any provis~on or clauseof tt~~s Secunry Ins±rument or the Noteconfl~cts ~ ,~,.tr, ap;.~~cab!e ta~.ti~ such contl~ct shall not a!fect ather prov~s~ons af th~s Secunty Inst!ument a the Note wh~ch can be g+ven effect :.:;n;,~,! !he cenf~~ctmg prov~s!on To th~s end the provisions of th~s Secunty Instrument and the Note are dectared to be severable ~ 16. Bonower's Copy. Borro~.ver shali be g~ven one conformed copy of the Note and of this Secunty Irstrumenl 17. Transfer of the Property or a Seneficial Interest in Borower. If alI or any part of the Property or any in!e~ est ~n ~ so d or ?ransferr~d ~ or a benef~aa~ ~nterest ~n Borrower ~s sold or transferred and Barro.ver ~s noi a natural person) w~thout Len~er s ;,no~ ,v~;tren ~~n;ent Lender may a? +!s opt~or. requ~re ~r~~med~ate paym~^! ~n ful; of al1 sums secured by this Securiiy Insirument tiu;;ever th,s cc;!!on sraii no? be exerc~sed by Lender rf exerase ~s proh~b~ted by `ederal iaw as of the date of th~s Secur~ty ~ i.'1S•,!VrtPfli ff Lender exerc~;es ?h~s opt~on lender ~hall g~ve Borro:ver notice of acceierat~on The r,ot~ce shall prov~de~a per~od of not ~~=ss 'nan 30 days tr~m the date the not~ce ~s de.~vared or ma~!~d wrthm which Borro•,~rer m,,st pay ai~ sums secured by Ih~s Sec~~nty ~n;?r;,~~•:cnt If Borror~er f2ils to Gey these surrs pnor tothe expirat~on of th~s penod Lender may invoke any remed~es perm~,ted oy ~ 'h s Secuniy Instrument r,~~thout further notice or demand on Borro~xer t 18. Borrower's Riyht to Relnstate. If Borrower meets certa,n cond~hons Barrower shall have the r~ght to have q «.-,fr,r,;~,ment ot th~s Secunty Instrument d~scorh~ued at any t~me pnor!otne earher of 1 a! 5 days lo~ s~,ch other penod as appi~cab!e ~ a:. •^ay sc3ec~fy for re+nstatementl betore saie of the Prope!ty pursuant to a~y powe~ of sale conta~ned ~n th~s Secunty Instrument ~ ;,r ~h; ~rtry a ~udgrr.ent enfcrc~ng th~s Secunt~ lnstrument Those cond~t~ons are that Borrower (a~ pays Lender ait sums vrh,ch ~ ~^en ;,r;.,;,d be due u~der ~h,s Secur~±y ir,str;;~-en? and?he Note had no acceierat~on occurred (b; cures any defauit of any o!her ~ ~.~;,c.-arns ;,r agrc•e:-en~s pays a!! exp: r.;es !nc,,rred ~n en!o~c~ry !h,s Secur;ty instrurr~;nt ~nciud~ng but not l~r~:;ted to ~ - ~ p 6?4 P,~E1865 ~ ~ ~ ~ sooK - ~a _ __~,.~~::~a;-~.~~~~