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Home My WebLink About2444 ~ . . t ' ~r ~,lr~ j, It l.~n~irr rryuirr~l r:~ortkagr ~n~uran~e .ts a c~,n~iU~~n i~f making Ihe luan srrurrd h~ thiti Serunt~ In,trumrnt. k3urru~~rr ,hall E~:1~ th~ ~rrmi~im~ rryuired tu maintain the insurance in et~ert until ~urh time a~ thr reyuirement ti~r thr ~ i~i~ur;i~i,•r trrm~natr~ in a~c~~rdanre Nith E3~~rru~ver's 3nd Lender's ~~ritten agrrrment ~~r ap~li~ahle IaN. 8. tnspection. Lrn~ier or it~ agent ma~ make rea5unabie entries uFx~n and ins~ctions of the Pru~ert}. L.ender .h:~ll Ri~ r E3urm~~ er n~,tire at the time uf ~~r pcior t~~ an inspertion sprcify ing re~sonablr rause for thr in~pe~tion. r, 9. Condemnation. "The ~r~kred~ ~~iany a~~ard or rlaim fe~r damagc~, dirert or consryutntial, in runnectiun with 3 an~ run~irmn~itiun ur ~~ther taking uf ~n~ ~art uf the Propert~~, ur for ~unve~anre in lieu ~~f rondemnatiun, are hereb~~ a„?~ne.1 ancl,h:ill he ~ai~i to [xnder. ~ !n th~ r~e~it uf a t~~tal tal,ing ~~f the Ym~c:rt~~, tfie pnxeeds shall be applied to the sums secured by this Securit}~ ~ t~i,irument, ~~hether ur nut then due, ~~ith an~~ excess paid to Borrow~er. ln the e~•ent of a partial taking of the Yropert}, ~ unlr» B~~rm~~~er :~nd Lender utherwi~e agree in H riting, the sums securc~ci by this Sc~ urit}• Instrume»t shall be redured h}• i thc anu~unt uf tne prckceds multiplied by the follow~ing fraction: (a) the total amount of the sums serured immediately ; brf~~rr thr tai:ing, di~~ided by (b) the t'air market ~•alue of the Propertp immediatel}~ befi~re the taking. An~~ balanre shall F~ ? ~aid tc~ B~,rro~~er. ; If the Propert~~ is abandaned b}~ Borrower, or if, after notire by~ Lender to Borrow~er that the condemnar offers to ~ mahe an a~~~ard or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is i gi~en, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair uf the Property or ~ t~~ the sums serured b}~ this Sc~urit~~ Instrument, w•hether or not then due. ~ C; nless Lender and Burrow•er otherwise agree in writing, any applicatior. of proceeds to principal shall not extend or ~ p~~,tpane the due date of the monthl~• payments referred to in paragraphs 1 and 2 or change the amount of such pa~•ments. 10. Borsower tiot Released; Forbearance By Lender ;~'ot a K'siver. Extension of the time for payment or ~ modification of amortization of the sums sc~:ured by this Security Instrument granted by~ Lender to any successor in interest of Borrow~er shall not operate ro release the liability of the original Borrower ar Borrow•er's successors in interest. ~ Lender shall not tx required to commence proceedings against any successor in interest or refuse to extend time for ~ pa~~ment or atherw•ise modif~~ amortization of the sums secured by this Securit~~ Instrument b}• reason of an~• demand made ; b~~ the origina! BorroH~er or Borrow•er's successors in interest. Any~ forbearance by Lender in exercising any right or remedy i ~hall not be a w~aiver of or preclude the exerc~se of any right or remedy. ~ 11. Successors and 4ssigns Bound; Joint and Several Liability; Co•signers. The covenants and agreements of this Securit~~ Instrument shall bind and benefit the succes.eors and assigns of Lender and Borrower, subject to the provisions 'I uf paragraph t 7. Borrow~er's co~~enants and agreement$ shall be joint and several. Any Borrower who co-signs this Securit~• ~ Instrument but does not execute the Note: (a) is co-signing this Securiry Instrument only to mortgage, grant and convey~ that Borro~~er's interest in the Property under the terms of this Security [nstrument; (b) is not personally obligated to pay the sums secured b~~ this Securit}~ Instrument; and (c) agrees that Lender and any other BorroH-er ma~~ agree to extend, modif}~, forbear or make any accommcxiations w~ith regard to the terms of this Security~ Instrument or the Note without that Borrc~w~er's consent. 12. Loan Charges. If the loan secured by this Securit~~ lnstrument is subjert to a law ahich sets maximum loan r~;argc~, and that law is finally interpreted so that the interest or other loan charges collected or to b~ collected in ! connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount ' necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceede~ i permitted limits will be refunded to Borrower. Lender may choose tQ make this refund by reducing the principal owed under the Note or by making a dir~ect paycnent to Borrower. If a refund reduces principal, the reduction will be treated as a ~ ~artial prepa}•ment without any prepayment cfiarge under the Note. ' 13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unenforceabte according to its terms, Lender, at its option, ' ma} reyuire immediate payment in full of all sums secured by this Security Instrument and may imoke any remeciies ` ~ermitted b}~ paragraph 19. If Lender exercises this option, Lender shafl take the steps specified in the second paragraph uf ; parugraph 17. ~ l4. \otices. An~~ notire to Borrow•er provided for in this Securit~• Instrument shall be given b}~ delivering it or b~~ mailing it b~~ first class mail unless applicable law requires use of another method. The notice sha~l be directed to the ! Propert} Addre~s or an}~ other address Borrower designates by notice to Lender. Any notice to Lender shall be given b}~ ~ first class mail to Lender's address stated herein or any other address Lender designates b}~ n~tice to Borrow~er. Any nc~tice _ ~ro~~ided f~~r in this Securit}~ Instrument shall be deemed to ha~~e been given ro Borrower or Lender w•hen given as pro~~ided ° i~~ this paragraph. ~ 15. Governing Law; Severability. This S~curit}~ Instrument shall be governed by federal la~~~ and the law~ of the G j~~risdiction in w~hich the Propert}~ is located. In the event that any pro~•ision or clause of this Security Instcwnent or the ~ ti~~te conflicts w•ith a~plicable law, such conflict shall not affect other provisions of this Securit}~ Instrument or the ;~Tote g «hich can Eie gi~en effect w~ithout the conflicting pro~~isi~n. To this en~ the provisions of thil Security Instrument and the ~ tic~te are declared to be se~erable. ~ 16. Borrower's Cop~~. Borrow~er shall be gi~en one ronfc~rmed rop} e~f the ti~~te and <~f thiti Securil~~ Instrument. 1?. Transfer of the Propert}~ or a Beneficial Interest ir~ Borrower. If all ~~r a~i~ ~art c~f the Vrc~pert~ c~r an}• intere~t in it is sold or tran~ferred (or if a t~neficial interetit in B~rrc~~+er is uild c~r trantiferred and B~~rrcncer iti nc~t s natural ~ ~erti<m) withc~ut Lender'ti ~rior w•ritten consent, Lender ma}~. at ih ~~pti~n, reyuire immediate ~ayment in full c~f all sum~ ~ ~ecured h~ thi~ Securit~~ Ifistrument. Howe~~er, thiti opticro shall nc~i he exercised b}~ Lender if exerci~e iti ~rc~hibitrd 'h} federal la~~ ~s ~~f the date of this Securit~~ Inslrument. If Lender exerci~eti this option, L~nder shalt gi~e Borre~wer nc~ticr <if 3cczlerati~>n. "The nc~t~ce shall pr<n~ide a~eric~d c~f n~~t le,~ than 30 d:~~~ Imm the date the nc~tire is deli~ered or msiled ~ ithin w hich Qorrow~er mutit pa}~ ~II sums ~ecured b} thiti S~runt~ Instrumen,. I( i3orrow~er fai15 t~ ~a~ these sums E~rior tc~ the expiration of thiti Peri~d. Lender ma~~ in~c~ke any r~medieti ~ermitted h~ thi~ Serurit}~ Instrument w~ith~ut further notice or demand on B~rr~~wer. 18. Rorrower's RiRht to Reinstate. If Borrow~er meets rertain conditi~n~, f3c~rrcn~rr shall ha~e the right tci ha~e rnf~~rcement ~~f thi~ Serurit~ In:trument discontinued at an~~ time prior tc~ the e~irlier ~~f: (a) 5 da~~ (~~r tiuch nther ~en~+d ati _ ~~~li~~thle I~~~ ma} ti~rrif~ f~>r reimtatement) bef~~re ~ale of the Prc~pert} ~ursuant te~ an}~ {~c~~~er of~ safe ccmtainrd in this ~ Serurit~ (n,trument: c~r (h) entr~ c~f a judgment enf~~r;:ing this Security In~trument. Thene r<,nditicmti are tha~ Bc~rrc~~~rc ~ (a) ~a« Lender all wm~ ~?hich tFen w~ould be due under this Security Intitrument and the ?~c~te had ni~ arceleratum ~ <~rciirred. (h) cur~, an~ defau)t e~f am~ uther crn~er~ants or agreemens~: (c) pa~~ all rxExn~e~ inrurred in enfurring thi, - Serurit~ Intitruntent, itirluding, hut n~~t limited reas<mable att~rne}~~ feeti: and (dl tak~ti `urh arhnn ati Lender rna} ~ reatiunahl~ rryuir~ t~~ a~wre that ?hc lien c~f thi5 Serurit~~ Intitrumr~t, [xnder'~ nght~ in the Prc~}~ert~ and Bi~rn~wrr'. ` ~~hlicati~m thr tiumti tiecure~i h} thi~ Securit~ (nstrumc~nt ~hall c~~nti?~ur iin: h:~n~rd 1~~~+n rrin~t~+temcnt hc f Bc~rn~~?rr. thi. S«unt~ In.trument and the i~bligatiein~ ticrured hereh~ tihall r<main full~ rfTeiti<< a~ if n~~ accrler.in~m had :,~~urrref H~,~~c<<r. thi~ n~ht t~~ reintitate ~hall n~,t .~~~I~ in thc ~:~~r ~~f arrel~ratiun un~i~•r rcir.iera~h~ 1? <~r I' ~ooKfi75 P~E2444 ~ ~ - - - - ,,~H.~ r~r v~~,,., a ~ ~a~,.s s~mr ~ .5" . . _