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Home My WebLink About2257 It Lender requked mortgage insurence aa a condiUon oi making the loan secured by ihls Security lnsGument, Borrower shaN pay the premiums required to meintain the insurance in eftect until such time as the re.2uiremeM for the insurnnce t~ates in accordance with Borrower's and lender's written agreement or appYcable law. 8. lnsp6Ctlon. Lender or ita agent msy meke ressonabk enUias upon and inspecUo~s ot the Property. Le~der shap give Borrower notice at the thie of or prior to an nspection apeGtying reesonable cause for the inspecUon. 9. Condemnation. The proc~eds of any award or claim for dsrnayea, direct or co~aequentiei, h connectjon wRh any condemnation a other takk~g of any parl of 1he Properry, or tor oonveyance in ieu ol oondem~aUon, ere heroby asal~ned and ahal be paid to Le~der. In the event of a total takhg of the Property, the proceeds shar be applfed to the sums secured by thla Security Instrument, wheth~r or - not the~ due, with any excess paid to Barrowef, In the eve~t of a partW taking ot ihe Piroperty, unless Borrower and Lender atherwise agree +n writing, the sums secured by thla Secxuity InsWment ahal be reduced by the amount of the proc:eeda muRiplied by the toMowhg traction: - (a) the totei amount o1 the suma secured hrnediatey betore the te?king, divided by (b) the tak rnaricet value ol the Property himediately betore the taking. My balance sheM be paid to BoROwer. If the Property fs abendoned by Borrowef, or H, after notice by lender to Borrower thai the condermor oflers to mske an awerd a settie a claim tor damages, Borrower iails to respond ta Lender within 30 days after the date the notice is give~, Lender is autho~ized to collect and ~ apply proceeds, at fts opUon, efther to restoraUon or repair of the Property or to the sums secured by th(s Securily tnstrument, whether or not ~ then due. Unless Lender and Borrower otherwise agree in writing, any appication ot proceeds to principa! shaN not e~ctend or postpone the ~e date of the monthty payments referred to in paragraphs i and 2 or change the amount of such payments. ~ 10. Borrower Not Released; Forbearance By Lsnder Not A Waiver. Extension ot the time tor payment cx modification ; of amo?t'aation o! tha sums secured by this Searriy Instrument granted by lender to any sucxessor in interest of BoROwer shaN not operate ro reieese the ~iabiNty ot the original Bortower w Borrower's sucxessors h interest Lender shal not be required to corrvne~ce proceedngs against any successor in interest or retuse to e~dend time tor payrnent or othervvise modty emortizatbn of the sums secxired by this Security instrument by reason ot any demnnd made by the orighal Borrower or Bortower'a sucoessors in interest. My torbearance by lender in ~ ~ exercising any right or remedy shal not be a waiver oi or predude the exe~cise ot any right or rernedy. ~ 11. Successors and Assigns Bound; JoiM and Ssveraf Liabiiky; Co-slgners. The covenants and egreemenis ot this . Security Instrument shalt bind and benefitt the sua~ssors and assigns ot Lende~r and 8orr~wer, aubject to the provisbns of paragraph 17. ~ BoROwer's cavenants and agreements shatl be joini and severai. My Borrower who co-signs this Security Instrume~t but does not execute the Note: (a) is co-signing this Sea~riry lnstrument ony to mortgage, grant and convey that Bortower's fnterest in the Property under 1he terms of ~ tnis Security Instrume~t; {b) is not personaYy obigated to pay the sums secured by th}s Secu~ity InsUume~t; end (c) agreea that Lender and x any other Borrower may agree to e~dend, Rwdty, torbear or mske any axanmodatbns with regerd to the tertns of thls Security Instrurnent or ~ the Note without that Borrower's consent. ~ 12. LOatt Charg68. N!ha lnsn secured by this Seauity Instrument is aubjed to a law whlch aets msxirtwm ben chargea, and that law is finaly interpreted so that the interest or other ban charges co~e~ted or to be coleded in connectiort with the loan exceed the penr~ltted Gmits, then: (a) any such ban charge shal be reduc~d by the amourtt necessary to reduce the chsrge to the pem~itted 6rnit; and (b) eny sums a(ready copected from gorrower which euceeded pe~itted i~ta wil be rdunded to Borrower. Lender mey choose to meke thfs re(und by reduc~ng the principel owed under the Note or by msldng a drect peyment to Botrower. N a relund reduces prindpel, the reduction wil be treated as a pertial prepayment without any prepayment charge under the Note. 13. Legisi8tion Affecttng Lender's Rigttts. If e~actrnent or e~iration of app~icable Iaws has the eftect ot rendering any provision of the Note or this Security InsUument unenforc~ble aooorci'ng to its terms, Lender, et its option, may requke irrx»ed"iate payment in tufl of aY sums secured by this Security instrument and may hvoke any rernedies permitted by paragraph 19. H Le~der etterdses this option, Lender shaM teke the steps specifled in the aecond peragraph ot psragaph 17. 14. NOtICes. Any notice to Borrower provided for in thta Se~arrity Mstrument shaM be gtven by deWedng it or by meikng R by flrst dass maiP unless app6cable law ~kes use ot another method. The notke sha! be directed to the Propeily Address or any other address Borrower designates by nofice to Lender. Any notice to Lender shaN be given by kst dass ma~ to Lender's address stated herein or any other address Lender deslgnates by notic8 to Bcxrower. My notice provided for in this Security Instrument shaN be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. GOVerhi~g L.aw; Severability. This Seaulty InsUument shaN be govemed by tederal law and the law of the jurisdicBon in which the Property is bcated. In the event thet eny provision or dause oi this Scauity Instrument or the Note cont6cts with the appricable law, such conf6ct sheN not aHect other provisions of this Securiry Instrument or the Note which cen be given effect without the confNding provision. To this end the provisions oi this Securily Instrument and the Note are dedared to be severable. 16. 8arrower's Copy. Borrower shal be given one conformed copy of the Note and of this Security InsVument. 17. Transfer of the Property or a Beneficiai interest in Borrowe~. fl all or any pert oi the Propdty or any interest M it , is sold or Uansferred (or ff a be~eflctel hterest h Borrower fs sold or transterred and Borrower is not a naturel person) without Lender's prior written consent, Le~der may, at its optbn, require imrnediete payment ~ fuN oi aN sums secured by this Securily InsUument. However, this option shaN not be exeroised by Le~der N exerdse is proh~bited by federal law as of the date ot tfiis Security Instrume~G Ii Lender exerdses this option, Lender sha~ give Borrower notice of acceieration. The notice sha~ provide a period of not less then 30 days ~~om the date the notice is cleNvered w meiled within which 8orrower must pay a! sums secured by this Securtty Instrument. If 8orrower fatls ,o pay these sums prior to the expiration oi this period, Lender may invoke any remedres permitted by this Security lnstrume~t withou! turther notice or demand on Borrower. ' ~ 8. BOrrower's Righ! to Reinstate. If Barower mee4s certa~n condrtions, Borrower shaA have the right to have eniwcement ot ?his Security lnstrument ~scontinued at any time prbr to the ~r6er of: (a) 5 days (w such other pe~iod as eppRcable law may specify for reinstatement) before sale oi the PropeKy purauant to any power ot sale conteined in this Security InstrumeM; or (b) entry of a judgment entorcing this Security InsVument. Those c~ndrtions are that Borrower. (a) pays Lender al sums which then would be due under this Security nswme~t and the Note had no acceferati~on occuRed; (b) cures eny defauR of any other covenants ur agreeme~ts; (c) pays aN ey~enses r,c~rred it~ enforcing this Security Instrument, inc~d'ing, but not 5rriited to, reasonable ettomeys' fee.s; and (d) takes such ac~ion as Lender may ; easonably requite to assure that the ken ot this Security Instrument, Lender's rights in the Property end Bort~ower's obigation to pay ihe sums secured by this Secwity InsWment ahal conGnue unchenged. ilpon reinstatement by BoROwer, this Secariry lnstfument and the obCgations secured here~y shaN remain (uNy effedive as if no ao~leration had occurred. However, this right to reinstete sheN not apply in the case of acceleration under para~aphs i3 w 17. ;oa,ag; anye a or a C- l,~~~ . ~ooK674 ~~~E225~7 - i ~ ~ ,rt Y , . ~ , ~a ryE^..e~ ~:-~iC ahrfNr >_,...~...;~~~C4w:~ ra-"~4~~