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Home My WebLink About2271 It Lender rec:uired mortgege insurence as a condition of makhy the ban aecured by this Securtty Instrument, Borrower shaN pay the premiums requked to rnnintain the inaurance in effect unti such tlme ns the roqukement for the insurance tertninatea in accordance with 8orrower's and Lender'a written agreement or appiicable Iew. 8. (nSpACtIOn. Lender or Ra eflent msy m~ke roasonaDls entriea upon and hspectlons of the Property. Lender shaY give Borrower notice at the tkne of or p~ior to an inspection apedfyk~g roasonabb cauae ta the hspectbn. 9. COndemnstiOn. The proceeds of any award or cleim tor demeges, direct or consequentlsl, h connecUon with any condermatlon or other teking of any psrt of the Property, or fa conveyance in li~eu of condermetlon, aro hareby saaigned and ahaM be pskf to le~der. In the event ot a total Wchg of the Rroperty, the proceeda ahal be eppYed to the sums aecured by thta Security Inatrument, whether or not then due, with any excess paid to Borrower. In the event of a paAW Wdng of the Prope~ty, urbss Borrower and lendar otherwise agree in writi~g, the sums aecured by this Securily Instrument shaN be reduced by the amount of the ~xoceeds muRiplied by the folowk~g 1rac~ion: (a) the totel amount of the sums aecured krwnedistely be(ore the tekk~g, civ{ded by (b) the fatr mericet velue of the PropeAy knmediately before the taking. My balance shaM be paid to Botrower. If the Property is abandoned by Borrower, or H, after noUce by Lender to Borrower that the oondemnor of(ers to make an award or setUe a claim for damnges, Borrower faYs to respond to Lender within 30 days aRer the date the notke is given, Lender is authorized to copect and appy proceeds, at Rs option, either to restoratbn or repair of the Property or to the sums aecured by this Se~xuity Instrument, whether or not then due. Unless Lender and Borrowet otherwiae egree in wrtNng, any appYcatlon of proceeds to principal shaM not axtend or postpone the due date of the monthiy peyme~ta reterred to in paragraphs 1 and 2 or change the arnount of auch paymenta. 10. Borrower Not Released; Forbearancs By Lendor Not A Waivor. Extenalon of the time for psyment or mo~cat~.on ~ oi amortization ot the sums secured by this Securiy Instrument granted by Lender to any successor in fnterest oi Borrower shaA not operate to release the liab~ity of the original Borrower or Borrowet's successora h interesL Lender shar not be required to conmenoe proceeciings against eny sucx~ssor in interest or re~use to extend time for payrt~ent or othetwise modity amortastion ot the sums secured by this Secxrrity Instrument by reason oi any demand made by the originai Borrower or Borrower's successors in interest. My forbearance by Lender in - exerasing any right or remedy shar not be a weiver of or precdude the exerdse of eny right or remedy. 11. Successors and Assigns Bound; Joint and Several Llability; Co-signers. The cove~ants and agreements ot this Security Instrument shaM bind and benetitt the successors and assigns of Lender and Borrovrer, aubJed to the provisbns of paragraph 17. ~ i 8orrower's covenants and agreements shaM be joini and several. My Bort~ower who oo-algns this Securiy Instrument but does not execute the Note: (a) is co-signing this Security Instrument ony to mortgage, grent and convey that Borrower'a interest in the Property under the terms of s this Security InsUument; (b) is not personaNy obligated to pay the sums secured by thts Security Instrument; and (c) agrees that Lender and anyo uiher Borrower may agree to exlend, moddy, torbear or make any accomrrade~ons with regard to the terms oi thfs Sccurity InsUument or - the Note without that Borrowera consent. ~ 12. LOan Cha~ges. Ii the loan aeaued by this Securfry Instrument la sub)ect to a lew wh~h sets maxhwm ban charges, arrd that ~aw ~ is finaly interpreted so fhdl ih@ irlterest Or oih¢r IOH~t Chelfg@S CONCl~6d Ot f0 b@ coNected in connectlon with the IOa~1 CxCeCd the peRili~ted y limEts, then: (a) any such loan charge shaN be reduced by the amount necessary to reduce the charge to the perrnitted ~rr~it end (b) any sums ~ a~ready coNected trom Borrower which exceeded perrrdtted limita wi be rdunded to Borrower. Lender mey chooae to meke this refund by reducing the principal owed under the Note or by making a direct payrr~nt to Borrower. Ii a relund reduc~s p~indpal, the reducdon rv~ be ~ treated as a pariial prepaymer~t without any prepayment charge under the Nate. a 13. Legistation Affecting Lsnder's Rights. tt enactrnent or expiration of appMcabte laws has the ertect ot rendering any ~ provision of the Noie or this Security Instrument unenforceable according to its te~ms, Lender, at its option, mny requke immedete payment in fu,l of all sums secured by this Security instrument end may invoke any remedes pennitted by paragraph 19. It Lender e+cerases this option, ~ Lender shaN take the steps specified in the seCOnd paragraph oi peragraph 17. 14. Notices. My notice to Borrower provided tor in this Security Instrument shal be given by deNveiing it or by meiRng R by frst dass mai! unless epp6cabie law requires use of enother method. The notloe shap be drected to the Property Address or eny other address Borrower designates by notice to Lender. My notke to Lender shaN be given by frst dass mai to Lender's addresa stated herein or any other address Lender designates by notice to Borrower. My noUce provWed for in this Securlty Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragreph. 15. Governtng Law; Sevetabpfty. This Security instrument shaM be govemed by tederal law and the iaw of the Jurisdiction in wh~ch the PropeAy is bcated. In the event that any provision or dause of this Security instrument or the Note conl6cts wfth the appRcable law, such conf~d shaN not ai(ect other provisbns ot this Securiry Instrument or the Note wh~h can be given effect without the conlNatk?g provfsion. ~ To this end the provisions of this Securily InsUument end the Note are dedered to be aeveraWe. ~ 16. BO~rowef'8 COpy. Borrower shaM be given one coniomied copy ot the Note and oi thts Security Instrume~t. ; 17. Transfer of the Property or a Beneflciai Interest in Borrower. H aN or any part of the Property or any ~terest h ft ~s sold or transferred (or H a beneticial interest in Borrower is sold or transferred end Borrower is not a natural person) wfthout Lender's prior written conse~t, Lender may, at its option, requi~e irtrnediete pnyrnent in tu1 of aN sums secured by thfs Security Inatrument. Novrever, this ; option shad not be exerdsed by Lender N exercise is prohbited by federal law as of the date of this Security Insbvme~t. ~ If Lender exerdses this option, Lender shaA give Borrower notice of acceleraUon. The notice sheN provkie a period of noi less than 30 days ; from the date the notice fs de~ivered or meded within whkh Borrower rtwst pay eN sums secured by this Securily Instrument. If Borrower faas E to Ray ihese sums prior to the expiration of this period, Lender may invoke eny remed~es permitted by this Secu?ity Instrument without turth~ rotiae or demand on Borrower. ~ 18. Borrower's Right to Reinstete. Ii Borrower mee~ts certein con~itlons, Borrower shaN have the right to have eniorcemeM ot ~ ~ ~his Security InsUument discontinued at any time prior to the earier of: (a) 5 days (or such other period es epp~cable law mey specify tor ~ ~ reinstatement) be(we sale o( the Property pursuant to arsy power ot sale contained h this Securily Instrume~t: or (b) entry ot a judgment ~ t enforcing thls Securfty Inswment. Those confirtions are that Borrower: (a) pays Lender eN sums which then would be due under this Security ' Instrument and the Note had no accele~ation occurred; (b) cures any de}auR ot eny other covenants or agreements; (c) pays aN e~enses s incurred in eniorcing this Security I~sUument, inc~~ng, but not 6rnited to, reasonable attomeys' fees; and (c~ tekes such acdon as Lender may ? reasonably require to assure that the lien oi thls Security InsVument, Lender's rights in the Property and Borrower'a ob6gation to pay the sums secured by ihls Security Instrument shel contlnue unchanged. Upon rea~statert?ent by Borrower, thfs Sea~rity Instrume~t end the obGgations secured hereby shaN remain fuNy eflecUve as if no acceleretbn had occurred. However, thls right to relnstate shaM not apply in the case of ~ a:celeration under peragraphs 13 or 17. g i ~ ~ Paqe 3 af 4 • E " ::n,'89) 38570 i ~ E Bo~~fi74 P~~E2271 ~ ; ~ ~ Y= }~.i-.~_i~~ '~~RLo~..a' '4"a~ Ft'~=i - ~ : ~ - _ ` ~ r:t~'... Js uC~