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Home My WebLink About0134 II l.ender ICt~U1ICi~ iliOijK:9Kc ii'iiiiiui~Ct l;S 3:^^Ll~1:!R t?t n?~kin~ the lusn se~ured b}• this Stl'Ufll~' ~I1S«Uillt'ill, E3urm~~er tihall pay the premiums reyuired to me~ntain the insuranre in efTect untit surh time as the rryuirement for the uz~uran~e term~natr~ ~n arrordanre w ith BorroH e~'s and Lender's written agreement or appG~able lau~. 8. Inspection, ~ender or its agrnt may~ make reasunable entries u~xm and inspectiuns of thr Pm~ert~. Lender i- , n...--... .,..,nr~._s •,r rh.~ ~;,,,T ~fnr nri~,r t~~ an inspection sPecifyinR reax,nshle rause for the inspectiun. . - 9. Condemnation. The pnkeeds oian}~ aHar~ or ctaim f~~r damages, direct or runuyuential, in connection ~~~?ii an} c~mdemnatu~n ~~r other tak?ng of an~ part ~~f the Pro~rt}, or fi~r re~n~e~anre ~n G~u of rondemnation, arr hereht~ atitiigned .~nd ~hall be {~aici t~~ l.ender. In the e~rnt of a total taking of the Propert~, thr ~rckeeds shal! ~ applied t~~ thr tiumti set•ured by this Security [ntitr~tment, Hhether or not then due, w~ith an~• exres, paid to Borru~er. In the e~ent of a partial taking of the Pm~rt~~, unle,s Borre~w~er and Lender otherwise agree in writing, the sums serured h~~ this Securit}• Imtrument shall be reduced by ihe amount of the prcxeeds multiplied by the following fraction: (a) the total amuunt of thc cums secured immediately befure the taking, di~ ide~i b~~ (b) the fair market ~~alue of the Pru{r~rt~~ immediately beti~re the taking. Any balance shall be ~aid t~~ Horrow•er. If the Property iti abandc~nrd by~ BorraK~er, or if, after notire b~ Lender t~ Born~W~er that the rundemnc~r offen to riiake an aH ard or settle a claim for damages, Bt~rre~wer fails ta re~p~md to Lender w ithin 30 da~ s after the date the notire ~s gi~en, Lender is authorized to collect and apph~ the prekeeds, a[ ih ~~ption, eithcr tu rrst~~ratwn or re~air of the Pro~rt~~ ar tc~ the sums serured b~~ this Securitv Instrumeiit, W hether or n:~t then du~_ Unl~ss Lender and Borrower otherw~ise agree in writing, an} apptication uf pnx•eeds t~ prin~ipal shall not extend or ~o~tpone the due date af the montht}• pa~~ments referred to in paragraphs ! and 2 or rhange the am~~unt of such pa} ments. 10. BorroKer 1ot Released; Forbearance B}• l.ender \ot a~~'aiver. Ertension uf the time for pa}~mem or modification of an~ortizatiun of' the sums secured b~• this Security Instrument granted by Lender to am~ successur in interest of Borrower shall not operate to release the liabilit}~ of the original Burmwrr ~~r t3~~rra~~er's tiurreti~ors in interest. Lender shall not be required to rommence prcxeedings against any tiurce~~or in intere,t or refuse to extend time for pay~ment or otherwise modif~ amurtization of the sums secured b~~ thiti Serurin~ lrz~trun~en! h~ rcason c~f any demand made b~~ the original Borrower or Barrc~~~r's successars in interest. Any forbearan~r b~ L~nder in exercising an}• right or remed}• thall not be a w ai~~er of or preclude the exerrise of an~~ right or remed~ . I1. Suzcessors and Assigns Bnund; Joint and Several I.iability~; Co-signers. TFe co~enants and agreements of thu Securit~~ Instrument shall bind and benefit the surcessors and assigns of ~.ender and Borrow•er, subje~t ro the pro~ isions c,f paragraph 17. Borro~ er'ti ru~ enants and agreementt shall be joint and se~~eral. An}• BorroH~er w~hc~ co-signs this Securit}~ Intitrument but dues not exrcute ti?e tiote: (a) is cc~-signing this Security Instrument ~ml}~ to mortgage, grant and come}~ that Borrow~er's intere~t in the Pro~ert~~ under the terms of this Security Instrument; (b) is not personall}~ obligated to pa~~ the ~ums serured bti~ this Securit~~ Instrument; and (c} agrees that I.ender and an}~ other Borrower ma}• agree to extend, modif}~, forbear or make anti acc~~mm~~dations w~ith regard to the terms of this Securit~~ [nstrument or the Note uithout that Borrower's ~onsent. 12. I.oan CharRes. If the loan serured by this Securitt Instruntent ~s subjert to a law~ which sets maximum lo~n char~eti, and that taw~ is finally~ interpreted to that the interest or other loan charges eoliected or to be cc~llected in cc~nnection w ith the Ie~an exceed the permitted limits, then: (a) any~ such loan charge shall be reduced b}~ the amount ~~e~cssar~ to reduce the charge to the permitted limit; and (b) an}~ sums already collected from Borrow~er which exceeded {~ermitted limits will be refunded t~ Borro~ver. Lender ma~~ choose to make this refund by~ reducing the principa! oa•ed under the Note or by making a direct pa}~ment to Borrower. If a refund reduce~ prinripal, thr redu~tion Hill be treated as a ~artial prepa}~ment H~ithout an~ ~repa}~ment charge under the Notr. 13. I.egislation Aft'ecting Lender's Rights. If enactment ~?r ex}~~rati~m ~~f applicable laµs has the effect oi rendering an}~ provision of the Note or this Security Instrument unenfarreable acc~,rding to its terms, Lender, at its option, ma~~ require immed~ate pa}ment in full of all sums serured b} this Srcurit~ (ntitrument and may~ in~oke an}~ remedies permitted by paragrarh 19. If Lender exercises this uJ~tion, Lender shalf take the steps ti~eeitied in the see:ond paragraph oF ~aragraph 17. 14. tiotices. An~• ?i~tire tc~ B~rroµ~er ~roti ided for in this Securit~' Ir~~trument shall be gi~~en b} deli~~ering it or by rnaiiing ii b}~ first class mai! unless applicable fa~~ reyuires u~e ~t~ another methoci. The notice ~hal1 be directed to the Property Addre~s or any other addres, Borrow~er designates b~ notice to Lender. An~ notire to Lender shall be given b}~ first cfass mail to Lender's address stated herein or an} other addre~ti Lender drtiignates b~ notice to B~rrow•er. An}~ notice ~ro~~ided for in this Security lnstrument shall hr deemed t~~ ha~e been gi~en tci Bc~~rc~wer <~r Lender w~hen gi~•en as provided in this paragraph. 15. Governing Law~; Severabilitg~. This Secur~t} Instrument ~hail he gt~~erned h}~ federal laa and the laa~ of the lurisdicti<~n in w'hich the Pro~ert~~ is lckated. L~ the e~ent that aciy~ pru~~itii~n or clause ~~f this Security~ Instrument or the tiote conflictS ~ith applicable la~, xuch cc~nftict tihall not affect other pnnisions of thiti Security lnstrument ar the Note ahich can be gi~en effect H~ithc~ut the ronflicting ~m~isic~n. T~~ this end the ~ra~isions of this Security~ Intitrument an~ the tiote are declared to be sz~~erahle. 16. Borrower's Copy. Barmµ~er ~ha11 be gi~en ime rnnf~.-med c~~~ ~~f~the Note and of this Securit}~ Instrument. t7. Transfer of the Property~ or a Beneficial Inte~est in Borrower. If atl ~r an}• part of the Yroperty or an} tntrrest in it is s«!d or transferred (or ~f a ber~ehcial interest in Rorrow~cr is sold or transierred and Borro~~~er is not a natural perticm) «~:thout Lender's priur written consent, I_ender ma}~, at its ~~~tion, reyuire immediate pa}~ment in fu:l of a!I sums ~ecured b~~ this Se:urit~~ Instrument. How•e~er, this t~pt~~n shali nc~? be ererrisrd by~ Lender if exercitir is pr~hibited bti federal law~ a~ of the date of this Securit}~ Instrument. If I.ender exercises this option, Lender sha!! gitie Aorr<~wer notirz of acceleration. The not~ce shall pro~ide a period c~f not less than 30da~~s from the date the nntice is deli~ered or mailed within w~hich Borraa•er must pa}~ ali sums secured by thit Securit}~ Instrument. If Borrower fails to Pa}- these sums prior to the expiration of this period, Lender ma~ in~c~ke any~ remedies permitted b}~ this Securit}~ Instrument without further notice or demand on Borrower. 18. Borrow~er's Ri~ht to Reinstate. ii~ Horrow~er meets certain conditi~ns, Borrower shall ha~~e the right to have enfurcement o~~his Securit} Instrument discontinued at any time pr~or to the earlier of~ (a) 5 days (c~r such other period as a~pl~cable law may spee•~fy for reintitatement) befrne sale of the Property pursuant to any ~wer of sale contained in this Security InStrurr ent; or (b) entr}~ of a judgment enforcing this Security Instrument. Those conditions are that Borrow~er. (a) pa~s Lender all sums w•hich then w~ould be due under this Security Instrument and the Note had no acceleration occw~ed; (b) cures an}~ default oF any other covenants or agreements; (c) pa}~s all expenses incurred in enforcing this Securit}• Ins,rument, incl~~ding, but not iimited to, reasonable attorneys' iees; and (d) takes such action as Lender may reasonably reyuire t~ assurc that the fien of,ihis Security Ins[rument. Lender's rights 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 Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurreu. Hoae~ er, this ri; ht to reinsta:e sha~l not app{y in the case of acceleration under paragraphs 13 or 17. EOGK 675 PAGE 4 ~~I~'~ ~ ~ , . . . ~ ~ _ . ~ _ _ .