The URL can be used to link to this page

Home My WebLink About2241 li.>rrawer tails to respond to IxnJcr w~[hin 3U da~~ a(ter the datr thr notice ~s given, l.ender 4s aulhorized to a~llect aad appiy [he pnxced~. a~ u~ upti~n, r~lher to rr~t~ratfon or rcPair of Iht Pro~rt) ~r w thr sums serurCd by ~hu Secunty lnstrument, whether or not then dur. I.(IICSS I.COdC~ 3ItA RO!((TM'CC OlI1CM'LSC B~fCt in writing, any appGcatio~ of pnxeeds to principal shali aUt extcnd ur postpont Ihe duc Jate uf the monthly p~yments rc(trred to in paragraphs 1 and 2 or change the amount uf such payments_ 10. I3orra.er \ot Rekased; Furbrarance By l.ender !~at a Wai~er. f:xtension of the time (or payment or maf~fic~uan of amonizatiun uf the sums iecuscd by thu Security Instrument grante~ by l.en~ier to any successor in mterest o( [3orrov~tr shali not operate to releasc the Gability o[ iht original f3orrow•cr or l3orrowror's ,u.•cessors in interest. i.ender shali not be required Iu commence pnx~reJings again+t any suc:essor in interest or rcfuse tu extrnd ~ime fur pa~~?nent or o~hen~~ac m~xfify amoniiation the sucns sec~ttd by this Secunty tnstrument by reawn ot any demand made by the original 13orrowYr or 13cirruwcr's succe.ttors in intercst Any (ortxaranco by I.rnder in exercising any rigt?t or remedy shaU not be a waiver of or preclude the exerc?se oE any right or rcmedy. IL Successors and Assigm F3uund; Joint and Se~rrrl Liability; Co•signen. 'I'he co~~enants and agreemenu uf this Sccurity lnstn~-ment shaN bmd and btntEil lfit ,wcecwrs and assirns nf I~nder and FL~rnw~rr_ ci~h:r.•~ rn rl~a r.~....:~:....p :.f ;.:.....M_ti ~~f n:;~;___•5 -.....C..w o....,~ _ y~..~ .ai.u b.....ini. . . ' c . - - - `~6~ iulY li~?rrower who co-signs this Security Instrument but Joes not execute the \ote: (a) is co-signing this Securi[y Instrument only to mong~gr, gram and convey that lk:rra~?~er's interest in the propc:rty under the terms of thu 5ecurity Instrument; (b) is not personally obligated io pay the sums secured by thu Sccurity Instrument .,nd (c) agrccs that Lender and any other 13orrvu•cr may agrcc to n~tend, modify, forbear or make any accommociations with rcgard to ihc terms of this Secunty l+~,trumcnc or the ~ote without that Borruwer's cvnunt. 12. l.oan Charges. If the loan secured by this Secuciry Instrument is subjcet to a law which sets maximum loan charges, and that law is finall}• interprcted so that ~hc ~nterut or other Ioan charges collecied or to be cullected in cunnection with the luan exceed the permu.ed limits, thcn: (a) any such loan charge shafl be reduced h~ the amount nccessary to reduce the charge to the permitttd lim~t; and (b) any sums alrcady :ollected trom l3ortcn~Yr whicA exceMcd permitttd limits wlll be rctunded to l3orrower. Ltnder may ch«xe to meke this rcfund b}• rcducing the principal outd under the \ote or by making a direct pa}m~nt to 13orrower. If a rciund reduces principal, the reduct~o~ Mill bc trcated as a panial prepaymcnt withaut any prcpayment chargc under ~he I\ote. l3. Legistatan Afteeting i.ende~s }tiKht~. lf enactment or c~piration of applicable laws has the effcct of renJcnng any provision of the ~~tc or this Security 1+„erument unen[orceable accordine to its terms, l.ender, at its optiun, may rcquirc immediate payment in (ull uf all sums secured by this Secuntp Instrument and m.,~ im~oke any rcmedies pe~mitted by paragraph ly. tf Lendef e~crcises this option, t.ender shafl tale ihe stcps speeifitd in tht seconJ paragraph o( paragraph 17. N, tiotices Any notia to I3orruwer pnnidcd for in lhis Security lnsuument shaU be given b~• deli~tring it vr by mai{ing it by first c{a~ mail unlesz applicable reyuircs ace of another method. "l~he notice shall be dirccted to the Property Address or any other address I3orrower duignatu by notice to l.endet. Any notice Lcnder shail be given by first class mail to Lender's addtess statcd hercin or any other address Ltn~±tr designatcs by notice to Bornxver. Any notice provided i•~r ~n ~his Security Instrument shall be dcemed to have btcn given to Borrowtir or Le~der when gi~•en as prov~dcd in this paragraph. f~. Go~erning l.aw; Se~~erability. "Il~is Security Instrument shall be govcrncd by federai law and ihe law of the jurisdiction in which the Yroxrty is located_ In ;'r,c e.ent that any pnwision or clause of this Sr.cunty lnswment or the ;1ute conflicts with applicable law, such conFlict shall not affect other provisions of this Security Lut:ument or the \ote which can be gi~•en e(fect w~t4~~ut the conSlicting prrn~sion. 1b this end the pnn~isions of this Sec~rity Instrument and ~he ~ote are declare~i he se~erable. 16. I3orro+rer's Copy. Rorrower shall be gnen une conformeci copy of the \ote and of this Seeurity Instrument. LJ. Transfer of fhe Property or a Benel'~rial lnterest in I3orrowrr. 1f ali or any part ot the Yroperty or any mtcrest in it is sold or tran~terrcd (or i[ a beneficial ;nierest in Bom~.+•er is sold or transfCrred and 13orrouer is not a nawral person) without Lender's prior wrrtten cunstn~, lxnder may, at hs option, require immediate :.,~mcnt in full of all sums securcd by this Setunty Instrument. llowevtr. this option shall not be exen~sCJ bq lxnder if exercise is prohibucd by federal law as o( date of this Security Instrument. lf Lender exercises this optio~, l.ender shal4 g~~e I3ortt;wer nuiicc of accNeration. 11~e notice shall prrn~de a period of not less than 30 da}s fmm ehe dare the I ~~it~ ~s delivered or mai{ed w~thin which 13orrowcr must pay all sums secured by this Secunty {nsvument. If 13urnr?~er faifs to pay these sums pnor to the expiration E ! ihis penoQ, LenJer may invoke any remcdies permitted by this Security lnstrument crithout further rtotice or demand on Bonawes. i ~ Ix. Borro.~er's Right to Reinstatr. (f 13orruwer meets certain conditions, E3orro+ver shall ha~~e the right ro ha~E enforcement of this Sccurity [nstrument ~ :,,:,,ncinued at any time prior to the earGer oL (a) 5 da}s (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant power of sale contained in this Security Instrument; or (b) entry o[ a judgement enforcing this Securit}~ Instrument. Those conditions are that F3orrower. (a) ~ lxnder alt sums which then w~ould be due under this Security lnstrument and the lote had no accelcration occurred: (b) cures any default of any other ca+•enants ~ :.,rreements: (c} pay5 all expenses tincurred in enfo:cing this Securi~y Instrument, including, but not limrted to. reasunable attomeys' fees: and (d) takes such action i ~ I.ender may rcawnably [equire to assure that the licn of this Secunty {nstrument. Lenders nghts in lhe Propertq and I3orroweTs obligation to pay the sums secured ~ , this Secun[y Inswment shall conunue un.henged. Upon reinstatement by Eiorrov~~er, th+s Security Instrument and the obligations sccurcd fiereb}~ shalt remain ~ •.:,1. cffecti~•e as i[ no acceleration ha~1 occurred. iiow~ever, this right to reinstate shal! not apply in the case o( acceleration under paragraph~ 13 or 17. ~ ~ ~ ~t)\-L'\1FORL1 COVE~A\ IS. I3orru~.er and Lender furthcr crn~cnant and agree as follows: ~ 19. Acceleration; Remedies. Ixnder shal{ Ri~r nolice to Sorrvwrr prior 1o acceleralion tollowing Borrm.er's breach of any covenant or :~reement in this Security I n.trument (but nut prior to acceleration under paragraphs 13 and ll unless applicable law provides olheMise). 'The notice shall speeify: (a) the dctault; (b)1he action ~ ~ ryu~red to turo the defaulh, (c) a date, not less than 30 days from the date the notice is giren to E3orro+rer, by Nhich the detau{t must be rured; and (d) that faiiurc ~ cure the default on or betore the dale specifird in 1he notice ma} result in accekration of the sums secured by this SecuritY Instrvment, [orectosure by judicial ~ ;,r~Kecdin~ and sale of the Property. The nuticr shall further inform f3orrawer ot thx right to reirutate atYer accrleratiun and 1l~e right tu •r~sert in the toretlowrt ~ ;~n~ceeding the non-exislence of a detault or any olher defense of i3orrower ta accekrat'an and farecbsurc. ff 1he dPfault is not cured on or bYfore tl~e datt specilied ~ ~n the notice, Lender al it5 option may requirc immediate pa~ment in ful! of all sums securcd by this Security Instrument without (urther drmand and may forccbse ~ t;,~, ~rcurity instrunteni by judiciai prucerding. Lrndrr shaii i~ entitieci io culfect ail expensr~ incurred in pursuinR ~he remtdies pro~idrd in ~his paragraph 19, ~n.:uding, but not limited to, reasooabk attorney+' fees and co~t+ of title e~idence. Z0. Lender in Possessan. UQon acceleratiort under pa;agraph 19 or abandooment of the Propen}•. Lender ib}~ Judrciafly appointed rece~~er) shall be entitled to ~:cr upon, take possession of and manage the Property and ta collect the rents of the Propere}~ includ~ng those past due. Any rents collected by [.ender or the <:civer shall be applitd first to payment of the costs of management of the Property aed coliection of rents, includmg. but not limited to, recciver's [ees, premiums ' receicer's bonds and reasociabtc attorneys' fees, and then to thc sums securcd by this Secunty lnstrument. 21. Rekase. Upon paymcnt of all sums sccurcd by Ihis Securft}• Instrument, l.ender shall release this Securit} Inscrument wiihout Charge to E3orrou'er. f3orrowxr r,:,f1 pay any reconiation costs. 22. Altorneys' Fces As used m this Sccuruy instrument and thc ::ote. 'attorneys' fces' shall ~nclude any auornc}~' fees awarded by an appellatc caun. 23. Riders to this Seeurity Instcument. IE onc er more ridcrs are exccutcd by i3orro..•cr and recorcled togethcr v.ith this Security Inswmcnt, the co~~enants and r :reements of each such rider shall be incorporated into and shali amenJ an3 suppleroem the cuvenants and agreements of this Security Instrument as d thc ridet(sj ~ .~re a pan of this Security Insl~ument. ~ ; 1~lR{UA•Single Famitil~•E~~taJi~Ni.~fC l;\IFOR~1 itiS`IRl;~1F.'.T O R BOOK vv~ p1~~iE~~`-'~ BOOK 675 PA~E22~~, ~ - - - - ; ~ ~ ~ ~ ..~~_.~~.r~-~ ~