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Home My WebLink About0035 if i_e?~der rryuire~i mortgage insuranre as a«~nd~tiun of making thr I~,an secured by this Serurit}~ Instrument, 43~~rru~+er ~hall ~a~ the premiums reyuired to m~intain the insurance in efTe~t until such time as the rcquirrment fnr thr in,urance trrminatr~ in arrc~rdance µ~ith Borrowe~'s and Lender's w~ritten agreement or ~ppiirable la~~•. 8, Inspection. Lencler c~r its agrnt may~ make reasonable entries u~~n and ins~ecnons ~~F the Pm~rt~~. 1_rs~drr ,h~ll gi~r Borroaer notice at thr time of or prior tu an inspertion specif}~ing reaxmable rause fc~r the ~ns~ctiun. n T~ _ _ i' .:f .,L._'._ f...- +l . , ~ ....~w~:..~e~:::.::. ..~~j .,..a~u.,~ un~u~ ~v~ u~i~~~~,..,..;u~~e v~ ~vuxyue~~i~ai, u~ ~u~~ue.i~u~~ ~~ii1 an~ ~~,n.iemnatiun ur c~ther t.iking ~,f an}~ ~art of the Pro~rty, or fur run~e~anre i?ti lieu uf r~~ndemnatiun, are herehy~ a~ti~gned and ~hall be na~d tc~ Lender. In the e~rnt of a ic~tal taking ~~f the Yrupert}, the ~ruceeds sh311 tx ap~lied ta thr tiums srcured b~~ this Secunty InstNment, µ~hether or not then due, w~ith any excess paid to Borrower. ln the e~ent uf a parhal t~king of the Pmperty, unless f3orrower and Lender atheru~ise agree in wnting, thr `ums secured b~ this Security ln~trument shall be reduced by the ~moum uf the proceeds multiplied b~~ the following fraction: (a) the rotal amount ~?f the tiums secured immediatel}~ before the taking, divid~d b}~ (b) the fair marlcet v~lue of the Propertc immediatel} bef~~re th~ taking. An}~ bal;~nce tihall Fse ~aid tt~ B~~rrow•er. If the Prupert~~ is abandoned b}~ BurroN•er. ~r if, after notice by Lender ta I3~~rrc~w•er that the rc~ndemnor uffers to rnake an award ur settle ~ ~laim for damages, Borrower fails t~ res~c~nd tu l.ender ~itliin 30 da}~ti after the date the n~~tice ~s gi~en, Lender iti authorized to collect and appl}~ the prckeeds, at ih option, eithrr t~~ rrtit~~rati~~n ar re~air af th~ Yro~erty or tr. the sums secured b~~ this Securit}~ Instrument, a~hether or not thcn i1ue. Unless Lender and Borrow~er otherw~ise agree in w~riting, an}~ appliraUun ~~f pnxeedti t~~ principal sfiall not extend or ~ostpone the due date of the mor~thl}' pa}•ments refesred to in paragraphs 1 and 2 ur changr the amaunt uf surh pa}~mentti. 10. Borrower tiot Released; Forbearance By [xnder \ot a~~'aiver. Ertensi~m ~~f the time for pa~mem or nuxification ~f amartizatic~n of the sums secured by this Securit}' lntitrument grantec~ b~ (_ender to an~~ surre;sor in interest of Borrow•er shall not operate tc~ release the liabilii}~ e~f the original Burmw~rr ~~r B~~rro~~~rr's sucrestiors in interest. Lender shall not be required t~, commence proceedings against an~~ ~ucre~sor ii} interetit ~r refuse tu extend time for pa} ment or other« ise me~dif~~ amc~rtization uf the sums secured by thiti Se~urit~~ Intitrument b~ reasc~n of an}~ demand made b~~ the original Borruwer or Borrow~er'ti successors in interest. An}~ ti~rbearanre b~ Lender ~n exercising an~~ right ~r remedy >.ha1l not be a w aiver of or prerlude the exercise ~f an~ right or remed~~. 11. Successors and AssiRns Bound; Joint and Several Liability; Co-siRners. The co~•enants and agreements of this Securit~~ Instrument shall bind and benefit the successors and assigm uf Lender and Borrow~er, subject to the proviiions I c~f paragraph 17. Borrow~er's ro~enant~ and agreementt shall be join! and se~~eral. Am Borrower w~ho co-signs this Securit~ Instrument but does not erecute the'~~te: (a) i~ co-~igning this Security~ In~trument onl~~ to mortgage, grant and rom•e~~ that Borrow•er's interetit in the Pn~~ert~~ under the terms oi this Securit~~ Instrument; (b) is iiot personaUy obligated to pa}~ the sums secured b~ this Securih Instrument; :~nd (c) agrees that Lender and an~~ other Aorrow~er ma~• agree to ext:nd, mociify, farbear or make any arrc~mm~~dation~ w~ith regard to the terms of this Serunt}~ Instrument or the Note w•ithaut that Borrow~er'scuntient. l2. I.oan CharRes. If the loan secured b~ this Securit}• Instrument ~c subjert to a law~ w~hich sets maximum lo~n charges, and that law• is finall}~ interpreted so that the interest or other loan charges collected or to be collected in ~<~nnection Hith the luan exceed the permitted limits, then: (a) an}• such loan charge shal! be reduced by the amount j n«essary t~~ redure the charge to the permitted limit; and (b) an}~ sums alread}~ collerted f'rom Borroa~er w~hich eaceeded ! ~ermitted limits will be refunded to Borrow•er. Lender may~ ch~ose ta make this refund b}~ reducing the principal ow~ed ~ under the Note or by making a direct pa~•ment to Bc~rrow~er. If a refund reduceti rrincipal, the reduction H ill be treated as a ' ~artial prepa}~ment H~ithout an~~ prepa}~ment charge under the tiote. ~ 13. Legislation Affecting Lender's Rights. If enactment ~~r ex~iratiem of applirable la~s has the efTert of ; rendering an}~ provision of the Note or this Securit} Intitrument unenforreablr arrording tc~ its terms. Lender, at its option, ' rr~a}• reyuire immediate pa}ment in full c~f all tiums tiecured by~ this Serurit} Instrument and may in~oke any remedies ! ~ermitted b}~ paragr~~h 19. If Lender exerrisrs this e~ption, Lender ~hall tai:e the ste~~ s~ecifi~_d in the secc~nd paragraph eif ~ ~aragraph 17. 14. \otiees. An}~ notice to Bczrrou~er ~ro~~ided f~r in this Securit}~ Intitrumen?. shall be gi~•en b}~ deli~~ering it or b~• rnailing it b~~ first class mail unless applirablr law requires u~e of another method. The nc~tice tihall be directed to the ` Propert~ Address or an~~ ~ther address Borrower designates by~ notice to Lender. An~~ notice to I.ender shall be given b}~ ~ tirtit cfass mail to Lender's address stated herein ~~r any~ other addresti Lender designate~ b}~ n~tice to Borrow•er. An}• notice ~ ~ro~ided for in this Securit} Instrument shall be deemed t~~ ha~e been gi~rn tc~ Borr~wer ~~r Lender when giti~en as pro~~ided ~ in this paragraph. ~ l 15 ~nvnrnin~ ~ 7w• Co~•Prahilit~ ~T~hic C.~~_~~ritc Inctr~im~_nt ~hal1 h.~ v~~~'r~rnr>r1 h~ f:_rlvr.il IaLL~ anrl th.~ lau• n~fhP ~ ' • ' + - • - - c~ - ~ - ;~insdicti~n in w•hich thr Yre~~riy i~ l~cated. tn the even[ that an}~ Pre~~~c~c~n or clause of this Security Instrument or the ~ ti~~te conflirts w~ith applirable law. ~uch conflict tihall not afTect other ~ru~isions ~,f thi~ Security Instrument or the Note u hirh ran be gi~~en effect w~ithout the r~nflicting ~ro~~isi<m. T<~ thi~ en~ the pm~i~ions c~f this Security Instrument and the tic~te are de~lared to be s<<~crabie. 16. Borrower's Copy~. Borrow•er shall be given cme ronfc~.-med r~p}~ of the Note and of this Securit}~ Inttrument. 17. Transfer of the Property or a Beneficial [rsterest in Borrower. If all or an}~ part of the Yroperty or an}~ ~nterest in it is sold or transferred (or if a ber~eficial ~nterest in Borroa~er ~s sold or transferred and Borrow•er is not a natur~l ~erscm) w~ithout Lender's prior written coment, Lender may, at its option, require immediate paymenl in ful) of all sums ~ecured by~ thi~ Se~_urit}~ Instrument. Nawe~er, this opti~n ~hall n~r bc exercised by Lender i( exercise is proh~bited b~~ federal taw as of the date of this Securit~• Instrument. " If Lender exercises this option, Lender shail gi~e Borrow~er n~tice of acceleration. The notice shall ~rovide a peric~d c~f not less than 30 days from the date the notice is delivered or mailed w ithin w hich Borrow~er must pay all sums secured b}~ th~s Securit}~ Instrument. If Borrower fails to pay these sums prior to the expiration c~f thi~ ~eriod, Lender may im•e~ke an} remedies permitted b}~ this Security Instrument without further notice or demand on Borrower. 18. Borrow~er's Right to Reinstate. If Borro~~er meets certain conditicmt, Bormwer shall ha~~e the right to ha~~e en(e~rrement o~ rhis Security Instrument discontinued at an}~ time prior to the earlier of: (a) 5 days (or such other period as a~plicaole law ma}~ spei ~f} for reinstatement) before sale oi the Yroperty~ pursuant to an}~ power of sale contained in this Securit} Instr~ment; or (b) entry~ of a judgment enforcing this Security Instrument. Those conditions are that Borrow•er: (s1 pa}s Lender all sums H~hich then would be due under this Serurity Instrument and the Note had no acceleration uccur~ed; (h) cures an~~ default of any other covenants ur agreements; (c) pays all expenses incurred in enforcing this Securit}~ Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may reasonabl}~ reyuire t<~ assure that the lien of this Security Instrument, Lender's nghts in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security~ Instrumeiit and the obligations secured hereby shall remain fully effective as if no acceleration had ~~ccurred. How~e~~er, this ribht to reinsta;e shall not apply in the case of acceleration under paragraphs 13 or 17. EOQ~ 675 P~GE ~e3~ ~o~r, 661. Pr,r,~ J~ _ - ~