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Home My WebLink About1418 . t U~ Len~ier reyu~red m~~rtgage ~n,uranre ;~s a rondin~~n of m;~king the loan sc~ured b~~ this Securit~• Instrument, Bc~rmHrr ~h311 ~,a~ the ~remium, reywred to maintain the insurance in eft~ect until such time as the reyuirement for the ~mur~inrr terminate~ in acrurdanre w ith Barrow•er's and Lender's w~ritten agreement or applicable law. 8. Inspection. Lender or its agent ma~• make reasonable entries u~n and inspections af the Pro~rt~~. Lender .hal: gi~ e f3urrower notire at the time of ur prior to an ~nspection specifying reasonable cause for the inspection. 9, Condemnation. The pnxe~ds ot ~n~~ a~~ard or claim fc~r damages, direct or consequential, in ronnection ~ ith a~~~ cundrmnation or other taking of an~~ part of the Pro~rt}•, or for com~ey~ance in lieu of condemnatiun, are hereb~~ ;~ttiigned and shall be paid to Lender. !n the e~ent of a total taking of the Propert}~, the prcxeeds shafl be applied to the sums secured by this Security~ Intitrument, whether or not then due, w~ith an~~ excc~s paid to Borrower. In the event of a partial taking of the Property, unless Borrow•er and Lender otherwise agree in w•riting, the sums secured by this Security Instrument shall be reciuced by the amount of the prcxeeds multiplied b}~ the following fraction: (a) the total amount of the sums secured immediately hefare the taking, di~~ided by (b) the fair market ~~alue of the Property immediately before the taking. Any balance shall be paid to Borrow~er. If the Property is abandoned b~~ Borrower, or if, after notice by Lender to Borrow~er that the condemnor ofTers to make an award or settle a claim for damages, BorroWer fails to respond to Lender a~ithin 30 days after the da[e the notice is gi~~en, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security lnstrument, whether or not then due. Unless Lender and Borrvwer otherwise agree in writing, any application of proceeds to principal shall not extend or Ex~stFwne the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the ~riginal Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for pa}~ment or othera•ise mc~dif~• amortization of the sums secured by this Security Instrument b~~ reason of any demand made b}~ the original Borrow~er or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy 5ha11 not be a w•aiver of or preclude the exercise of any right or remedy. 11, Suceessors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Sec:urity Instrument shall bind and benefit 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. Any Borrower who co-signs this Security Instrument but dces not execute the Note: (a) is co-signing this Security Instrument ~nly to mortgage, grant and convey that Borrow~er's interest in the Property under the terms of this Security Instrument; (b) is not personally ob(igated to pa}~ the sums secured b}~ this Secarity Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, mcxiify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrow~er's consent. 1Z. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount i~ecessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrow~er which exceeded ; permitted limits will be refunded to Borrow~er. Lender may choose to make this refund by reducing the principal owed under the I~ote or by making a direcc payment tu Borrower. If a refund reduces principal, the reduction will be treated as a j partial prepayment without any prepayment charge under the Note. ~j 13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of rendering any pro ~ision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option, ' ma}~ require immediate payment in full of al) sums secured by this Security Instrument and may invoke any remedies ~rmitted b~• paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of ~ paragraph 17. 14. Notices. An}• notice ro Borrow•er provided for in this Security Instrument shall be given b~- delivering it or b}~ ~ mailing it by first ctass mail unless applicable law requires use of another method. The notice shall be directed to the ~ ~ Yropert~• Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given b}~ s first class mail to Lender's address stated herein or any other address Lender designates b~~ notice to Borrower. Any notice j G ~ pro~~ided for in this Security Instrument shall be deemed to have bezn given to Borrower or Lender w~hen given as provided in this paragraph. ~ 15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the taw of the ~ jurisdiction in ahich the Propert~ is located. fn the event that any arovision or clause of this Security Instrument or the E ~ute conflicts w•ith applicable law, such cc~nflict shall not affect other provisions of this Security Instrument or the Note ; w hich can be given efTect without the conflicting pro~~ision. To this end the provisions of this Security Instrument and the ~ tiote are declared to be se~~erable. ~ ~ 16. BorrowQr's Copy. E3orrow~er shall be given one conformed copy of the Note and of this Securit}~ Intitrument. ~ l7. Transfer of the Property or a Beneficial Interest in Borrower. If all or an} part of the Pmperty or an~ ~ ~ interest in it is sold or transferred (or if a beneficial interest in Borrower is ti~ld or transferred and Borrower i. not a natural ~ person) w~ithout Lender's prior written consent, Lender ma}~, at its option, require immediate pa}~ment in full of all sums ~ secured b}~ this Security Instrument. However, this option shall nor be exercised b~~ Lender if exercitie iti prohib~ted b~ federai law~ as c~f the date of this Security- Instrument. If Lender exercises this option, Lender shall gi~e Borrower rohce nf acceleration. The notice shall pm~~ide a perie~d c~f not less than 30 da}~s from the date the notice is delivered ar mailed w~ithin w~hich B~r, ower must pa}• ail sums secured b~~ th~ti Security Instrument. If Borrower fails to pay these sums prior to the expiration of this reriod, Lender ma}~ imoke an~• rcmedies permitted by- this Security Instrument without further natice or demand on Borrc,wer. 18. Borrower's Right to Reinstate. If Borrower meets certain conditi~ns, Burrow~er shall ha~r the right tc~ ha~c ~ enforcement ~f this Security Instrument discontinued at any time prior to the earlier of: (a) S da}~ (or such other ~ericid ati i 3F1~~IC3hIt la~~ ~na} specif}~ for reinstatement) before sale of the Property ~ursuant to any~ ~w~er of sale contained in thi~ ; Secunt~ Imtrument; or (b) entr}~ of a judgment enforcing ihis Security lnstrument. Thc~~e c~nditions are that B<irm~~er. (a) pa}ti Lender all sums which then would be due under this Security Instrument and the Note had nc~ accrlerau~~n ~ c~rcurred; (t~) rures an}~ default of an~ other covenants or agreements; (c) pa}s a~l ezpenses incurred in enfc~rr~ng th~~ ~ Serurit~~ Intitrument, includ~ng, but n~~t limited to, reasonable attorne}~s' fee.: and (d) ta4:c~ tiuch actiem a` Lender may ~ rcatiemabl} reyuire t<~ a«ure that thr lien of this Security Instrument, Lender'~ nght~ in thc Pmperti and B<~rm~cr'~ ~ e~hligahc~n tc~ ~a} the tums ~ecured b~~ this Security Instrument shall continue un~hanged. l;r~~n reintitatement h~ i Borre~Her, thi~ Securit~ In,trument and the obligations ~eeured hereb~ ~hal) remain full~ efTerti~e if n,~ acceleratu~n h~d c~crurrrd. H~:~~r~er, thit right tc~ reinstate shall not ap~+l~ in the ca~e c~f acc,leratiim under ~aragrarh~ 13 ~~r 1' 600K PAGE~~t1~ k ~ ~~lri~~=,Y.y*~~'a-~+,~~c~m..g ~°ee.` e~.=~uk~"1~..'a,'~c~"" K.,.~i.~`s~-~•.-