The URL can be used to link to this page

Home My WebLink About2462 - ' ~ , •`i•. . ~ ~ . ~ it Lrn.lrr rryuirr.l murt~;a~;r insur~nrr ~un~linun uf mak~n~; the lu~n ~rrun•~1 h~ thiti tirrurity~ In- ,~rument, Hurru.?rr,h.+ll pa~~ chr prrmium, reyuirr.i cu maincain thr insur.~nrr in rFFric uncil,urh umr as ~ rryuirrmrnc Fur ~hr II1SUfdlllE' fCflllllld[C~ 111 .1llUf~l~nie with Burruw•rr's .~n.1 Lt•n.1tr's w•rittrn a~;rrt•ntent ur ap~li~ablr Lii.. !i. Inspection. Lrn.irr ur i[~ ~~;en[ m~~• m~kr rrasun~blr rneries uEx~n an~ insExctiuns uf thr Pru~rrt)' l.rrnlrr ,h.~ll ~;i~r tiurruw~rr nutirr ~t thr timr uf ur priur tu an ins~•ctiun ,prcif}~in~; rr.?wn3blr rausr fur thr in~E.c•rciun ~ 9. Condemnation. Thr pnxrr.ls uf ~ny~ aw•ar~l ur claim fur ~fama};es, ~ircit ur runseyuenti.~l, in runne~ciun w~ith .~n~ ; ~un.lrmn.~ciun ur uthrr t~kink uf ~ny p~rt uf thr f'ruprrty, ur fur rum•ryancr in lieu uf cun~lrmnaciun.,ire hrrrb~• assi~;nr~! .~n.3 ~ ,h,~ll hr ~.~i~1 a~ I.rrn~rr. In thr r~•rnt uf ~ tutal cakinK uf che Pru~xrty~, thr pnxrr.ls shall br applicJ ;u thr sums ,rrure~i by ~his Srcuricy ~ Instrumrnt, whethrr ur nut ehrn ~ue, w~ith ~nq rxress p~i~1 tu B~~rru«•rr In ehe e~~ent uf a~artial takin~;uf thr Pruprrt}•, iinle» ' F~urruw•rr ~n~1 l.rn.ler utherw•isr s~;ree in w~ricin~;, [he sums securrd b}' this Strurit~~ Instrument shsll tx rr~urrd bp thr amuunt uf chr ~nxrr.ls multiplied b)' thr fullc~w•in~; frzctiun: ta) thr tut~l amuunt uf the sums serurrd imme~liatelp befure t~kin~;, .li~ i~ir.f b}• ~ b~ chr fair market ~~alur uf thr Yruprrty imme.liately befure the wkinK. Any b~lance shall tx pai~1 tu Hurruw~rr. lf chr Prupert~~ is ab~ndune.~ by Hurruw~rr, ur if, ~fcer niicicr bp l.en~lrr cu Hurruw~rr thst che rundemnur uffers tu m.~ke .~n ~w~ar.l ur scttlr a rlaim fiir dama~es, Burruwer fails tu resExmd cu l.en.ier u~ichin 30 ~1a~•s afcrr chr da~e chr nuciie is gi~~cn, Ixn~ler is .~uthurize~l tu cullect and apply~ thr ~nxeeds, at its e~ptiun, rither cu rrscuraciun ur rt~air uf chr Pruperc~~ ur eu ~hr sunu seiurr~l bq this Serurity~ Instrument, whechrr ur nuc then ~fur. linlrss I.rn~rr ~n.l Burruw~er utherwise a~;ree in w~ricinK, an}' appliraciun uf pnxer~s cu principal shaU nut rxcend ur ~,sc~~nr chr dur ~1acr uf che munchly pa~•ments referred :u in psra~;raphs I anJ ? ur chan~;r the ~m~~unc uf such paymrn~s. lil. Borrower Not ReleaseJ; Forbearance By Lende~ Not a Waiver. l:xcensiun uf the time fur pay~men~ ur mixlifir~tiun uf .,murtiz~tiun uf thr sums secured by chis Seruric~~ Instrument Kranted by~ Lendrr cu ~n~~ sucressix in ineerese uf B~~rruw~er sha!! nut upers~e cu rrle~se ehr liabilitp uf thr uri~;inal B~~rruwer ur Hurrc~wer's success~~rs in incrrest. I.ender shall nuc br reyuirrd cu iummenre pnxrrdinKs aK:?insc an~• surressur in inceres[ ur refuse turxtend time fur pa~~mrn~ ur uthrrw~isr ~ mu.~if~• ~murtiz~tiun uf thr sums secured by this Securi~~~ Inserumenc by rrasun ~>f an}~ dem:~nd made bp the uriKinal Hurruwer j ur Burruwer's successurs in interest. Any fe~rbrarancr by Lender in exercisink any~ ri~;hc ur remedy sh~ll nuc be a w~~i~•er uf ur j 4 preclu~le thr rxrrrise uf ~ny~ riKht ur remedy. ~ 11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. Thr cuvenants anJ a~;reements uf this ~ Sriurit}' lnscrumrnt sh~ll bind and benefic the surcrssurs and assi~;ns ~1f Lender and Hurruw~er, subject t~> the pru~~isiuns uf para~;r3ph I~. Burn~w~er's a~venancs snd aKreerr~encs sh311 be juinc and srveral. An~• fiurruw•er w~hu ru-si~;ns chis Srcuric}~ lnstrumrnt but ~iurs nuc exerute chr Nutr: ~ a? is ru-siknink chis Securit~~ Inscrumrnc unl~~ cu murega~;e, ~;ranc and rum~ey ehac j Burruwrr's inzrresc in the Prupert~~ un~er the terms uf chis Serurity lnscrument; ~b~ is nuc persunally~ ubli~;ared u> paq che i ~ums securrJ h~~ [his tierurit}• In~trument; snJ ~c1 a~;rers that I.ender and an}~ ucher Hurn~wer ma}' akree tu extend, mu~lif}'. furbear ur m~kr any~ arcummixl3[iun~ u~i[h re~ard tu thr terms uf this Seruric~• Inscrument ur the N~~re w•ithuut that t~urruu~er~s c+~nsc~t. ~ 12. Loan Charges. If che lu:~n srcured b}' chis Sccuricy~ Instrument is subject w~ iaw ~hich St[1 maximum Iuan ~ ~h.~rkes, ~n.1 ehat I~u~ is finally interpreted s~~ that thc interest ur uther luan charkrs c~~llected ur tu be cullected in cunnectiun ~ w•ith the luan excerd the permiued limits, chen: 1a ) any such lu3n charge shall be reduced by che amuunt necess:~ry~ te~ reduce ~ ehr chlrKr tu the permitced limit; and t b) an~• sums ~Ire~dy cullerecd frum Burn~w~er which exreeded permiteed limits w~ill be refunded tu Burruw~er. Lender may rh~>use tu make chis refund b~~ reducin~; the prinrips! uaed under che Nucr ~~r b}~ makin~; a j Jirert p:~~~ment te~ Burruw~rr. If refund redures principal, the re~iuctiun w~ill be trested as a partia) prrpaJ~mrnt w~i~huu~ an}• [ prep~~~ment ch~r~;e under the PVuce. ; l LeKislation Affeccing lxnder's Rights. lf enactmenc ur expiraciun ~~f :~pplicable law•s has the rffecc i~f renderin~; ~ an~• pren isiun uf the Nute ur this Serurit~~ Inscrumen~ unenfur~eablr acrurdin~; cu ics cerms, l.ender, at its uptiun, ma~~ rryuire immedi;icr pa~•menc in fuU uf all sums serured b~~ ~his Serurity~ Inscrumenc ~nd may~ im•uke ~ny~ reme~lies permitte~l b}• ~ ~srakraph l~). If Lender exerciscs this upcie>n, Lender shsll take the steps specified in ~he sec~~nd p~ruRraph ~~f p~raRr:~ph f' ` 1-~. ~iotices. An}' nueicr tu Hurruwer pru~~ided fe~r in this Securit}~ Instrument sh~ll be gi~~en by ~1eli~~erinK it ur b}~ ~ m.~ilin~; ic b~~ firse class m~il unless ~pplirable law reyuires use uf anuther methexl. The nutiie sh~ll be direcced co ehe Pruperc} ~ Address i>r an}' uther ~ddress Burruwer ~esi~;naees by nucice cu Lender. An}~ nutice te~ Lender shall be~;i.•en by first class m~il s n~ Len~ler's address scaced herein ~~r any ~~cher address Lender desiKnates by~ nutice tu H~>rruwrr. An~• nutire pru~~ided fc~r in F chis Securic~~ Inscru~nenc shsll be deemed tu have been ~i~~en cu Burre~wer ur Lender when ~;i~~en as pruvided in rhis p.~rakr.~ph. ~ l5. Go~~erninfi Law; Severability. This Security Inscrumenc shall be g~n~erned by federal law• and che law• ~~f che ~ jurisJirtiun ~n w•hich the Pruperty~ is I~xated. In the eti~ent that any pru~~isiun ur rlause uf this Security Inscrumenc ur che Nure lU(1fIIl[S W ICFI J~~IIC:lhIC I:lw, such a~nflict shall nut sffect i~ther pren~isi~ms uf this Serunt}~ lnstrument ur the Ne~te w•hich csn ~ tx ~;i.rn effect w•ieh~~ue ehe cunflicein~ pru~~isiun. Te~ this end the prucisiuns c~f this Securit~~ Instrument and che Nuce are ~ :~cilarr~l t~, be sr~•er~ble. ¢ IG. Borrower's Copy. Burr~>wer shall tx gi~•en eme u~nfurmed cupJ~ e~f thr N~~te and i>f this Secunt~• Instrurnrnt. ~ 17. Transfer of che Property or a Beneficial Interest in Borrower. If all c~r ~n}~ pare uf che Prupercy ur .~n}~ ~ intrretit in it is Suld ur transferred lur if ~ benefiii~l interest in B~~rruu~er is s~,Id ur cransferred and Burn>wer is :~uc a na~ural ' rs~~n~ with<wt Len:ler's riur wriccen cunsene, Lender ma ac ics e~ cie>n, re uire immedi.~ce a ment in fulf uf all sums F'~ P P 9 P Y' secured b~• this Security~ Inscrumenc. Huwe~~er, chis ~iptiun shall nuc br exerrise~l b~• Lender if exercise is pr~,hihice~ hy federal law• as ~~f the ~1~te uf this Security Instrument. " IF Lender exercises this ~>ptii~n, Len~er shull ~;ive Be~rruwer n~~tice uf arceleratiun. The nutice shall pru~•ide a periud uf nuc iess th.~n 30 days frum ehe dare the nutice is delivered ur mailed a~ithin w~hich Burruwer must p;~y all sums secured by this Security Instrument. lf f3urn?wer fails tu pay chese sums prii>r n> che expir3tii~n t~f this peri~~, Len~~er ma}' im•uke any remrJies permitted by this Security Inscrument withuut further nueice e>r demand un Burruwer. 18. Borrower's Right to Reinstate. If Bur:uwer meets cer~ain run~itiuns, Burruwer shall ha~•e the right tu have rnfurcement ~~f this Security Instrumrnt disamtinued ac any time prie~r cu the earlier of: 1a) 5 daps Iur such e~ther pericx~ as ~pplicable law m3y specif}' f~~r reinsratement ) bef~>re sale uf the Pniperey pursusnt tu any Fn~wer uf sale cuneained in this Se- f rurity Instrumenr, ur ~b~ rner}~ ~>f a judKmenc enfe~rcinK this Securit}' (nstrument. Thuse ce~ndiciuns :~re chae Bi~rruw•er: ta! [~.~}'s l.ender .~II sums w hinc ~hen u•uuld be due under this Security Inscrument and the Nute had nu aaelerati<~n cxcurred; ~ b ~ . ~ cures .~n~• def~ulc uf an}' +~ther rum~enanes+~r ahreemenes; (c) pays all expenses incurred in enfe~rcing this Security Instrumenc, incluJinK, but nut limi[ed tu, re~sunable :~~te>rneys' fees; and ~d) cakes such actiun as l.ender may reas~~nabiy require to as- sure thac the iien ~~f this Security~ Inscrument, I.ender's riRhts in che Prc~perty and B~~rruw•er's obligati~~n cu pay the sums serured b~• this Security Instrument shall cuntinue unchanged. Up~m reinstatement by Borruwer, this Security Instrument .~nd che ~~bli~;aeiuns srrured hereby shall remain fully effective as if no acceleracion had cxcurred. Huwe~•er, chis ri~;hc c~, reinstace shall n~~t apply in thr ~.ise +~f arceleracic~n under para~raphs 13 c~r !7. eooK~75 PAGF~4s2 4 _ ~ ~ ~