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Home My WebLink About0303 , If Lender reyuired mortgage insurance as a conditien of making the loan secured by this Security Instrunrent, Borrower shall pay the premiums required to maintain the insurance in et3ert until such time as the rryuirement ti~r thr insurance terminates in accordanre with Borrow~er's and Lender's written agreement or applirable law. 8. Inspection. Lender or its agent may make reasonable entries uEwn and inspections of ihe Prupert~. I_ender shall gi~e Borrow•er nutice at the time of ur prior to an inspection specif~•ing reasonable cause for the inspection. 9, Condemnation. The pra;eeds uf any award or claim for damages, direct or consequenUal, in ~onne: tion H ~th an~~ condemnation or other taking of any part of the Pro~rt~•, or for conveyanre in lieu of rondemnati~m, are hrreby assigned and shall be paid to Lender. In the event of a tota! taking of the Propert}~, the ~rcxxeeds ~hall t~ a~plied tu the sums serured by th~s Se~unty Instrument, whether or not then due, with an~• exress pa~d to Borrower. !n the event of a partial tak~ng uf the Yroprrty, unless Borrower and Lender otherwise agree in wnting, the sums serured by this Serurity Instrument shall be redu~ed by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums serured ~mmediate!} before the taking, divided by (b) the fa~r marl:et value of the Property immediately before the taking. Any balance shall be paid to Borrower. If the Propert}~ is abandoned by Borrower, or if, after notice by~ Lender to BorroHer that the rondemnor otTrrti to make an award or settle a claim ior darnages, Borrower fails to res~nd to Lender within 30 days aRer the date the ne~tirr is given, i.ender ~s authorized to collect and apply the proceeds, at its option, either to restoratiun or repair of the Pmperty ~~r to the sur?ms secured by this Security lnstrument, whether or not then due. t?nless Lrnder and Borrower otherwise agree in writing, any applicatiun of proe~eeds to principal ~hall not extend or pcstpone the due date of the monthly payments referred to in paragraphs l and 2 or change the amuunt of surh payments. 10. Borrower Not Released; Forbearance By Lender Not a VVaiver. Extension of the t~me for payment or mc~dification of amortization of the sums secured by this Security Instrument granted by Leader to an}~ successur in interest of Borrower shall not operate to release the liability of the original Borrower or Borrow~~r's surcesson in interest. Lender shall not be required to commence proceedings against any successar in interest or refuse t~~ extend time fi~r , . ~ . . : ce::~';;•,•;~n! ..:..-3d~: Ss: c._.. j~'~i v• '::~,.i~:i ~33`irviG,ii [i3 ai11J Jt.tiiii[~ iit.liiU ~\,iil vt ital.'~~iii ii1 aT11; U\.liia/illj ~~I(S~JL by the original Borrow~er or Borrower's successors in interest. Any forbearance by Lender in exerr~sing any right or remed~ shall not be a waiver of or preclude the exercise of any right or remedy. , 11. Successors and Assigns Bouad; Joint and Sereral Liability; Co-signers. The rovenants and agreements of ~ ihis Security Instrument shall bind and benefi[ the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. An}~ Borrow~er who co-s~gns this Security ~ Instrument but does not execute the Note: (a) is co-signing this Securit}~ Instrumert only to mortgage, grant and convey that Borcower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay ~ the sums secured b~~ this Security Instrument; and (r) agrees that Lender and any other E3orrower may agree t~ extend, ~ modify, forbear or make any accommodations with regard to the ternis of this Serurit}~ Instrument or the Note without that Borrower's consent. ~ 12. Loan Charges. If the loan secured by this Securit}~ Instrument is subject to a law~ which sets maximum luan ~ charges, and that lav.~ is finally interpreted so that the interest or other loan charges collected or to he coliected in c,onnection with the loan e;:ceed the permitted limits, then: (a) any such loan charge shall be reduced by the amo~nt ' neeessary to reduce the charge to the permitted limit; and (b) an} sums already collected from Borrower w~hich exceeded permitted limits will be refunded to Borrcwer. Lender may choose to make this refund by reduring the principal owed under the Note or by making a direct payment to Borrower. If a refund reduc:es principal, the reducti~~n will be treated as a E partial prepayment without any prepayment charge undcr the Note. ; 13. Legislation Affeeting Lender's Rights. If enactment or expiration of applirahle laws hss the eflcct c~f ~ rendering ar~~~ provision of the Note or this Security Instrument unenforceable arcording to its terms, Lender, at it. opt~<~n, ~ may require immediate payment in full of all sums secured by this Security Instrument and may im~oke an}~ remedies ~ permittett by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the tiecond paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided (or in this Securit}~ Instrument 1hall be givrn by dclivering it ~~r h} mailing it b}~ first class mail unless applicable law requires use of another methe~d. The ne~tice thall be directrd tc~ the ~ Property Address or any other address Borrower designates by notice to Lender. An~~ n~tice to I.ender `hall be given hy ~ first elass mail to Lender's address stated herein or any other address Lender dc~ignates b}~ nut~ce t~ I3orraurr. Any niiUce ~ provided for in this Security Instrument shall be deemed to have been given tc~ Bc~rmw•er ~~r l.ender when given as pre~v~ded ~ in this paragraph. ~ I5. Governing Law; Severability. This Security Instrument shall be gc~verned by federa! law~ and the law~ c>f the I jurisdiction in which the Property is located. In the event that any provision ~~r clause of this Securit} lntitrument ~?r the ' No?e conflicts with applicable law, sueh conflict shall not agect other provisions of this Security Instrument c~r thr tic~te ! which can be given effect without the conflicting provision. To this end the pro~~isions ~if this Security Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one canformed copy of the Note and of this Security Inurument. 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part af the Pr~~perty ~~r dn~ interest in it is sold or transferred (or if a beneficial interest in Borrower is sold c~r transferred and Borrow~er i~ nut a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full ~i( al! tiumti secured by this Security Instrument. However, this option shall not be exerci~ed by l.ender if exercitir iti pmhibited hy federal law as of the date of this Security Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice sha{I rrc>vide a penc~ of not fess than 30 days from the date the notice is delivered or mailed within which Borrower must pay all ~umti tecured hy~ this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. I.ender ma}~ im~oke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Bc;rrower shall ha~c the nght to have enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other penoci as applicable law may specify for reinstatement) before sale of the Propeny pursuant to any poK~er of sale contained in thiti Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Thase conditions are that Bc~rmwer: (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no accelerati~n oceurred; (b) cures any default of any other covenants or agreements; (c) pays all ezpenses incurred in enforcing this ~ecurity instrument, including, but nat iimited to, reasonable attorneys fees; and (d) take~t such action as Lender may reasonably require to assure that the lien of this Security Instrument, 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 Bonowef, this Security Instrument and the obligations secured hereby shall remain fully e:Fective as if no accelerat~on had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. e6o~ 675 PACf ' 3U3 . ~~a~ r___~r_ _s.m_. m