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Home My WebLink About2433 . r , ~ . ~'j9 . If Lender r~pu,r~:d m,ntg;aqe ~nsurarce as a cond+hon ot n~~akmy(he ioan secured oy th~s Secunty Instrurner~t Borrower sr~afl pay tn~ pren~;;,n;s r~qu~re:i to rna,nta~n the ~n.urance m eftect unttl such hme as Ihe requuenient tur the ~nsurance terr~~~na?es ~n ,accordance w~th 6~~rowe~ s and lender s wr~tten ag~e2ment or appi~cable law 8. In=pection. Lender or ~ts agenl may make reasonable entnes upon and insE;ections ot!he Prop2rty Lender shall y~ve E3orrower not~ce at the t~me of or pr~or to an ~nspect~on specrfying reasonable cause fo~ ?he inspect;on 9. Condemnation. The proceeds ot any award or cla~m for damages. d~rect or consequen?~al ~n connect~on ~•.~th any cor:;if~mnalcon or othe~ ta~~ng ut any part o! the Prop~rty. or for conveyance ~n heu of conde~T~nahon arehereby ass~gned and shall be pa~d to Lender ~ 1~~ the ever.t of a t~tai ta~~ng uf tha Property the proceeds shatl be app!~ed to the surr.s securecf by th~s Secunty InstrurnenL i ,shet~e~ or not then due ~.~•~th an; ezcess pa;d to Borro~ti~er In the event et a parhal tak~r.g ot the Property unless Borro~ver and i Lend~.~r otner~.~~se aaree ~n wnt~rg the surns secureci by th~s SeCUrty Instrument ~hall be!educed by the amounl of the proceeds ~ r~~,utt~E.i,ed by the foilori,nq fract~un ~ al the total amount of tne sums s~cured ~mn;ed~ately b~fore ihe tak~ng d~wded by (b) the fa~r I n~arket vatue ol the Prouerty unrr~ed~ate!y before the tak~ng Any balance shall be pa~d to Borrower ' ;f tne Praperty ~s abandoned by Borrower. or ~t, after rot~ce by Lender to Burrower that the concieinnor offers to rnake an a~tiard or setne a cla~n; tor damages Borro~ti~er ta~!s to respond to Lender w~th~n 30 days after the date the nahce ~s g~ven Lender ~s au,honzed to collect and appry the proceeds at ~ts opl~on. e~ther ,o restoration or ~epair of the Property or to the swr~s secuied by ' ihis Secunty Instrument ~tihether or not then due Uniess Lender and B~no•~~;er o?hcr,v~se ac~ree ~n wnt~ng any apphcat~on ot proceeds to pnncipal sha~t not extend e>r Ewsipone !he due da?e of the monthiy paymenis refe~red to in paragraphs 1 and 2 to change Ihe amount of such payrr,erns 10. Borrower Not Releu~ed; Forbearance By Lender Not a Waiver. Extens~on ot the t~me tor payment or modrfication of arr~orhzat~on uf the sums secured by ihis Secunty Instrumeni granted by Lender toany successa ~n ~nterest of Borruwer shali not operate to reiease the hab~l~ty of the ong~na~ Eiarrower or Borrower s successors m ~nterest. Lender sha!I not be requ~red to commence ~~roceed~ngs aga~nst any successor ~n ~nterest or refuseto extendt~mefor paym~nt or otherw~semod~iy amort~zat~on ot the sums secured by this Secur~ty Instrument by reason ot any demand made Dy th~ or~ginal Borrower or Borrower s successors m ~nterest Any foroearance by Lender ~n exerasmg any nght or remedy shait not ce a waiver of or preclude the exerc~seof any nght a remedy 11. Suceesaors and Assigns Bound; Joini and Several Lfability; Co-signers. The covenants and agreements ot th~s ~ Secur~ly Instrument shali b+nd and benet~t the successors and ass~gns of lender and Bo+rotiver. subiect to the prov~sions ot pa!agrac;h 17 Borrower s covenants and agreements shall be ~o~nt and several Any Borrc~wer who co-s~gns th~s Secunty Ins?run~ent but dues not execu?e the Note (al is co-sign~ng ihis Secunty Instrument enly to mortyage grant and convey that Bor!ower s ~nte~est ~n the Property under t~e terms o! th~s Securrty Inslr~ment. (b? ~s net personaiiy obl~gated to pay, the sunis secured by th~s Secunty Insirument and Ic? agrees that Lender and any other Borro~.ver rnay agree to extend. mod~fy, ferbear oi r~a~e any accommoc~at~ens ,v~th regard to ;he terrns of Ih~s Secunty ins~rument or the Note WItr10UI 1~1~1 BOf(Oi~Y@f S CO(1SC!lt 12. Loan Charges. 1t tne loan secured by th~s Secunty insirument ~s sub;ect tc a ta~v wh~ch sets max~mum !;.~ar cha+ges. and lrat lar: ~s f~nally ;nterpreted so that the ~nterest ar other loan charges coilected or to be coNected ~n connect~on vnth theloan ~~xceed the G~~rm:tted I~rn~ts then f al any such loan charqe shali be reduced by the amount necessary to reduce!he chargetothe penr:~t?ed I,~^~t and I bl any sum,s a~ready coilected frorn Borrower ~.ah~ch exceeded perm~tted I~mits w~ll be retunded te Barro~,ver Lc^der rr,ay cne~se tc rna~e th.s refund by red~~c~ng the pnrc~pal owed under the Note er by mak~ng a d~reci payment to Borrower If a refur,d reuuces p!~nc~pal the red.;chor. ~~:~~I be treated as a parhal prepaymen? v.~thout any prepayment charge ~mder the Note 13. Legislation Aifecting Lender's Rights. If enactment or expiration d applicable la~vs has the effed d rendering pransions res{.~ect~r~g ~ the repayment terms, interest adjustments, or transfer d property under the Note or this Security Instrument uneMorceable accordmg to rts terms, Lender , ai its option, may require Borrower to modi(y the repayment terms, interest ad~usUnent terms, or transfer d property provis~on(s). as applrcable, oi the Note and/or the Security Instrument. The new term(s) shal not increase the Note interest rate to a rate greater than ` the rate Lender would ha~re dfered Borrow~er on the date d the Note for a 34year fixed rate loan in the same origina! pnncipal amount as the Note j If Lender exercises this option, Lender shall give notice to Borrower, specrfying: (a) the action required to modiiy the applicable term(s) ~ c,f the Note and the Security Instrument; (b) a date, not less than 90 days from the date the notice is given to Borrcywer, by which the modr~~cation [ must be completed; and (c) that fa,lure to complete the modrfication on or before the date specified in the notice may resuft in acceleration ot the sums secured by the Secunty Instrument. If Borra~+rer fails to take the action required to effect the modification within the specified R t,me, Lender may irnoke any remedies permitied by the Security Instrument without further notice to or demand on Borrower. ~ ~ 14. Notices. Any rot~ce te 6orro,ver prov~ded tor m th,s Secunty Instrument shall be gr•~en by dei~venng it or by ma~~~ng ~t ~ by 1~rst class ma~, unless 2ppi~cable Raa, requ~res use of another method The not~ce shail be d~rected to the Property Address or any ~ c,?~er addre;s Borrower des._ynates try not~ce to Lender Any noh~e to Lendef shall be g~ven by f~rst class ma~i to Lender s address siated here~n or any cther address Lender des~gnates by not~ce ?o Borrower Any r,o?~ce prov~ded for in this Secunty Instrument ~ sha!~ be deemed to have been g~ven to Borrower or Lender when g~ven as prov~ded ~n th~s paragraph ~ 15. Governing Law; Severability. Th~s Secunty Instrument sha!I be governed by federal law and the ~a~v o? the ;unsd~ct~on ~n wh~ch the Property ~s ~ocated In the event that any provision or c~ause of th~s Secunty instrument or the Vote conflicts k •..~th appi~cab!e la~v such conf~~ct shall not affect other prov+s~ons of th~s Sec~nty Inslrument or the Notewh~ch can beg~ven effect ~ r:;tho~~t !he confi;cs~ng prov~s~on To ?h~s e~d the prov,s~ons of th~s Secunty Instrument and the Note are dec~ared to be s~verable 16. Borrow~r's Copy. Borrewer ;nall be gr~en one coNormed copy cf the Note and of th~s Secunty tnstrument ~ 17. Transier of the Property or a Beneficial interest in Borower. If elf or any part of the Property or any ~nterest ~r rt ~s ~ so:d or ?rans~nrred lo! ~f a be~ef~c~al ~nterest ~n Borrov:er ~s sold or trarsferred and Borrower ~s not a nat~ral perscnl wrthout Lender s ~ r,ncr :vr~?ter conseni Lender may a? ~1S OGfiGn requ~r~ ~n~med{ate payment m tu,t ot ai~ surns secured by th~s Secunty !nstrument H;;.vever th;s opt~on sha!~ noi Ge exerased by Lender ~f exerc~se +s proh;b,ted by `ederal iavr as o! the date of th~s Secur+ty Ir,strument If Lend~ r exerc~ses !h~s opt~on Lender = hai~ g~ve Borro:ver not~ce of acce,eration The noi~ce shall G:ro~nde a penod of not !e~s !nan 30 days trom the date the nohce ~s dei~~~ered or ma~!~~d wrtn;n ~ti h~ch Borrc.ver must pay ail sums sec~red by this Sec~nty ` !nsirumeni If Borro:~rer fa,ts to pay 1hESE.' SUT~S p!~or to the exp~rat~on of th~~ penod Le~der may ~nvoke any remed~es perm~tted by ~ ; th~s Secur~ty Inst~urnent ~nr,thou± fur.her nohce or derr~and on Borro•~,~er E 18. Borrower's Right to Relnstate. It Borrower meets cer~a~n cond+t!ons. Borro~ver shail have tne nght to nave ~ ~•~f:;•c~~rnent d th~s Securty lnstr~ment d~scont~nued at any t~m~ pnor tothe earl~er of ( a15 days {o~ such other penod as appl~cab!e ~ a r; rna~~ spec;!y for remsiatement 1 betore sale of the Pronerty pursuant to any power o! sa'e contained m tn~s Secunty Ins?rument. ~ ~b1 ~ntry of a ~udar~En? enf;;rr;ne th~s Secur~ty Irstrurnen? Those cond!t~ons are that Bo!ro::er (al F:ays Lender ah sums Khicn ~ !~~en r;o~ d bt~ i;ue unde~ tr. s Sec::~~ty instrument and the No?e had no accelerahon occurred: (b1 cure, any defawt ot any uther ~ C.;):E"'%3^?~ 2ytCf'." CIl?5 l; 1(i8'fS 3?I ~x~;~ r,SE)S i^CUr;E'd tfl EfifC~fCifl(~ th~S S~:;UfiIY li,strument. inc~uding but not il'Ti11P.d ?O. f ~ .~f ~ ~ ( uK! ~ BOOK~~~ PACE~4~ ~ k~. ~ . . _ . . ~ ' t~-~ t ~~-`~w ''at~- ~ rS-. ~:»i"y ~ ~ - ~ ~ . ~ ~ ~