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Home My WebLink About2202 . 1 .•ti ` . ; li Lenaerreq~nred n~ortgage ~nsurance as a cond~t~on ot mak~ngthe t~an secured by th~s Sec.ur,ty InstrUment. Sorrc,wer shaN pay the.preimurns r~qw!ed !o mainta~n tt~e :r,surance ~n ett~ct un~~~ such t~me as ihe rec{u~~ e!nenl for the msurance ter~n~nates in acco~dance w~th Borrower s and Lender s~~~nuen ag~eement o! appl~cable law 8. Inspection. Lender or ~ts agent may make reasonable entnes upon and ~nspecUons of the Property Lender shall g+ve Borrower not~ce at the Ume of or pr~a to an ~nspecl~on spec~fy~ng reasonable cause tor the ~nspect~on , 9. Condemnation. The proceeds of any awaid or cla~m for damages. d~rect or consequent~al. m conneet~on wrth any condem~at~on or other ta~,ng of any part of the Property, or far conveyance ~n lieu of condemnaUOn. are hereby ass~gned and shall be E~a~d to Lender ~ In the event of a toial takmg ~t the Property the proceeds shaN be appt~ed to the sui~~s secured by th~s Sc cunty In~trument. whe!her or not then due. u~th any e.rcess pa~d to Borrower in the event of a part~ai ?ak~ng of the Property. un~ess Borrower and Lender otrenv~se agree ~n wnt~ng th~ sums secured by th~s Secur~ty Instrument ~hai; be reduced by the amount ot the qroceeds r.iult~p!~ed by the follow;ng fract~on (ai the tolal amount of the sums secured ~mmed~ateiy before the tak~ng d~v~ded by (b) the ta~r rliarket va~ue of the Property ~mmed~ately befo~e the taking Any balance shail be pa~d to Borrower it the Property ~s abandoned by Borrower. or rf. atter nohce by Lender to Borrower that the condemnor offers to make an a~va~d or settle a cia~m for damages Borro~tier fa~~s to respond to Lender w~th+r 3Q days after the date the ci~ot~ce ~s g~ven. Lender ~s authonzed to cot4ect and appiy the proceeds. at ~ts op?~on. e~ther to restorat~on or repa~r of [he Property or to the sun~s secured by th~s Secur~ty Instrument. ~vhether or not then due Unless Lender and Borrotiver other~v~se agree m wnt~ng. any app~~cat~on at proceeds to pnncipal shall not extend o~ postpone the due date of ihe monthly payments re~erred to ~n paragraphs 1 and 2 to char,ge the amount ot such payments 10. Borrowe? Not Relessed; Forbearance By Lender Not s W~ver. Extens~cn ot the t~me tor payment or moditication of amort~zat~on of the sums secu?ed by th~s Secunty Instrument granted by Lender to any successor in ~ntereS! of Borrower sha~l not operate to release the I~ab~l~ly of the ong~nal Borrower or Borrower's successors m ~nlerest Lender shall not be requ~red to commence preceedmqs aga~nst any successor in mterest o!refusetoextendt~mefor payment orothenv~semod~fyamort~zat~ono! the s~ms secured by th,s Sec~rity Instrument by reason o! any ciemand made by ihe or~g~nai Borrower or Borrower's successors ~n ~nterest Any forbearance by Lender +n exerasing any rght or remedy sha~l not be a waiver ot ot precludethe exerc~se of any nght or !emedy 11. Successors and Assigns 8ount# Joint and Several Liability; Co-slgners. The covenants and agreements of thtis Secunty Instrum2n! shall b!nd and beneiit the successors and ass~ons of Lender and Borrower. subject to the prov~s~ons ot paragraph 17 Borrower s covenants and agreements sha11 De jo~nt and several Any Borrower who co-s~gns th~s Secunty instrument but does not execute ihe Note ia) ~s co-sigrnng this Secunty Ir,strument only to moitgage grant and convey that Borrower s mterest ~n ihe Property under the terms of lh~s Secur+ty Instrument (b) ~s not personaly obl~gated to pay the sums secured by th~s Secunty instrument and 1 c) agrees that Lender and any o!her Borrower may agree to extend. mod~y. forbear or r~~ake any accomr=~.odat~ons v+~th regard to the te~ms of 1n~s Secunty fnstrument or the Note w~thout that Borrower s consen? 12. Loan Charges, It the loan sec.ured by ?h,s Secu;+ty ~nstr~ment ~s sub~ect to a tiaw ~.vh,ch sets max~mum loan cha~ges and !hat law ~s finally ~nterpreted so that the interest or other loan charges coilected or to be collected in COnneC~ion wifh the io8n exceed the perm,tted I~rnrts then i a? any such loan charge snatl be reduced by the amount necessary to reduce the chargeto the ne~mitted i~r~nt. and Ibi any sums already collected from Borrower wh~ch exceeded perm~!!ed I~m~ts w~if be ~efunded to Barrower Lc•nde~ may cnoase to ma~eth~s refund by reduc~ngthe pr~nc~pal o~.ved under!he Noteor by mak~ng a d~rect payment te Borrower it " a retund re;:uces pnnc~pal the reduct~o^ w~U be treated as a part~al prepayment ti.~thout any prepayment cha~ge under the Note ~ 13. Le~atlo~ Aiiec.ting let?der's Rights. !f enactrner~t or ex~irat~on d applicable laws has the efted d rendermg pro+ns+or~s respa~~ng ~ ihe repayment terms, interest adWstments, or transfer d property under the Note or ihis Secunty lnstrument unenforceabte accadsng to +ts ~ terms. Lerxier , at rts option, may require Borrawer to modrfy the repayment terms, interest ad~ustment terms, or transfer d property prwis~on(s), ~ as appl~cabie. d the Note and/or the Security Instrument. The new term(s) shall rwt mcrease the Nde ~nteresi rate to a, rate greater than the rate tender would have offered 8orrower on the date d U~e Note ior a 3ayear fixed rate IQan m the sarr~e onginal pr:ndpal amount as the Note ~ If LEfld@( PXQfGSeS ~hiS O{~k~fl, Lender slia4l g,ve not+ce to Borro~rer, specitying: (a) the action required to modrfy the ap~!cable term(s) , of the Note and the Security Instrument; (b) a da;~ not less than 90 days from the date the not~ce +s given to Borro.ver, b,r which [he mai~f~cation ~ must be completed: and (c) that failure to complete the mod~ficat~on on or bdare the date spec+fied in the notice ma~f resuft +n acceleration ~ ' of the sums secured by the Security InstrumeM. If Borrower fails to take the action required to effect the modrf~cation within tl~e specrfied ~ t~m~ Lender may irnoke arry rzmedies perm~tted by the Securiry Instrumeni without turther rx~tice to or demand on Borra~wer. ~ I ~ 6 14. Notices. Ar,y nohce fo Borrower provided for m th~s Secu~~ty instrument sha~~ be g~ven by del~venng ~t or by ma~~!ng ~t by f~rst class ma~l uniess appl~cable la~ti~ reqwres useof another method The noi~ce shail be d~rected to the Propeny Address ar any ~ i ~ o;ner address Borrower desigrates by not~ce to Lender Any no?~ce to Lender shall be g~ven by hrst class mail to Lender s address ~ stated herem or any other add?ess Lender des~gr?ates by not~ce to Borrower Any not~ce prpv~ded for m th~s Secunty Instrurnen? ' ~ sr:a!? be deemeci ~o have been g~ven to Borrower or Lender N~hen g~ven as prov~ded ~n th~s paragraph ' 15. Governing Law; Severability. Th~s Secunty Instrument shail be governed by tedera~ ~aw and the la~~v of the ;unsd~ct~on ~n whrch the Pr~perty ~s lacated Intheevent that any prov~sionor clauseotth~s Secunty Instrument or the Notecontl~cts :.~th app;~cab~e la~.. such cantltct sha~i not affect other prows~o~~s of th~s Secunty tr.strument or ihe Note wh~ch can beg~ven effect .v~thcut ire conthct~ng prov+s~on To th~s end the prov~s+ons ot th,s Secus,ty ?nstiument and the Note are dectared to be severablz 16. Borrower's Copy. Berrower shaU be g~ven one confom~ed copy ot the Note and o! th~s Secur;iy Instrument 17. Tra~s(er ot the Property or a Bene(icial Interest in Borower. If ail or any part of the Property or any mterest ;n rt~s so;d or transferred ( or ~f a benef~c~a! ~nterest ~n Borro~,ver ~s sold or transierred an~3 Borrower ~s not a natural person) w~thout Lender s , pnor svr~tten consent Lender may at !ts ophon regwre ~m~ed+ate payment m full o' a!I sums secured by th~s Secunty Instrument Novrever. th s opt~on shali not be exerc~sed Gy Lender ~f exerase ~s proh~b~ted by federal !aw as of the date of th~s Secunty instrumern It Lender exerc,ses !h~s opt~on ~ender ~ hau g~ve Borrower not,ce ~f acc°lerahon The not~ce shall prpv~de a per~od of not ,ess than 30 days hom the date the not+ce ~s del~vered or ma~lPd w~th~r wh~ch Borro~:rer must pay aU sums secured by th~s Secur~ty instrument If Borrower fa~is to pay these sums pnor to the exp~rat~an of th~s penod Lender may mvoke an~ remed~es perm~tted by rh~s Secur~ty Instrument w~tr,out further not~ce or demand on Borrower. 18. Borrower's Rlght to Refnstate. If Borrower meets certa+n cond~t~ons Borrower shall have the r~ght to have er~`orcement of th~s Secur~ty Instrument d~sccnt~nued at any t~me pr~or to the earl~er ot ( a) 5 days (o~ such other per~od as appl:cable ~a:: may specify !or re~nstatementl before sale of the Proper?y Rursuant to any povrer of sale contained m th~s Secun?y Ins?r~~ment or ibi entry of a ~udgme^1 entorc!ng ih~s Secunty Irstrument Those cond~t;o~s are ihat Borro.ver fal pays Ler.der a~l sur?s wh~ch rnen ,~rouid b~ ~ue un ;er ~n s Sec!.nty lnstrome^t and !he Note hao no accelerat~on occurred ~b~ cures any ~efauit et any otner c~~~:enants or ag~eern~~nts ic) ;;ays ali exp~:nses mcurred m enic!c+~g th~s Secunty lns;r~_;ment. ~nclud~r,g but ne! I~rr~~ted to o R fi74 PA~E 2242 ~ - ~ ~ BOOK .~C"'. . _ . _ . _r.___~~~ _ ey'.~#` •"~i ~'~yYa~. ha ~iT' 4a,~ ,4 ~ ,~-~,~t i ~-Ya.^.,i ~ ~vkw ~~~T~'.~a"'~t~~r~~ ~9F