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Home My WebLink About2672 it Lender requked mortgage insurance as e condition of making the loan secured by this Security Instrument, BoROwer shaN pay the premiums required to maintain the insurance k~ eflect until such time as the requirement (or the insurance terminates i~ accordance +xith 5orrower's and Lender's wririen egreement or applicable lew. 8. (nSpeCt1011. lender or fta agent rt?sy make reasonable enUies upon and lnspecUons of the Property. Lender ahaR give Bortower rotice at the time ot or prior !o en Inspection specilying rensonaWe cause tor the InspecUon. 9. Condemnation. The proceeds of any eward or dahn for damages, direcl or consequential, in connection with any condemnation a other taking of any part ot the Proparty, or for conveyance In Yeu of condemnation, ere hereby assigned and shan be pald to Lender. In the event of a total taWng ot the Property, the proceeds shaY be appGed to the sums secured by this Security Instrument, whether or ti~i ti~@tl due, wiin any tu~;vs~ Ewid io borrvwvr. in ttie evetit ut a{~aitiai ia+w~y vi irir~ ~iu~;esiy. UiiiVS$ SUIiUNiei a~iu ~eiiiid+ viiiwv.i~a uy+ae ~n wriling, the sums secured by this Security Instrument shaM be reduced by the amount at the proceeds rtwttip6ed by the foNowk~g haction: (a) the total amaunt ot the sums secured krxnedietely betore the tak'aig, divided by (b) the fak merket value oi the Property knmediatey befare the taking. My balance shad be peid to 8orrower. It the Property is abendoned by Borrower, or it, efter notice by Lender to Borrower that the condermor otfers to make an eward or setUe a claim for damages, Borrower taa~s to respond to Lender within 30 days after the date the notice Is given, Lender Is authortred to collect and appy proceeds, et its option, either to restoration or repair of the Property or to the sums seccxrred by thts Security Instrume~t, whether or not rnan due. iiniess Lendw ana ~sorrowe~ oinecwise a~ss i~ wriii~~~, afiY 8~3w~Wi1 Oi ~iOG6~iS [O piiSii~i ST36 iia'ii ~~iO C~ ROSijSGti@ I(i8 Gii8 O3i8 = of the monthy payments referred to in paragraphs t and 2 or change the amount of such payments. 10. Borrower Nflt Released; Forbearance By Lsnder Not A Waiver. Extenslon ot the time tor payment or modiflcetion of amortizstion of the sums secured by this Security Instrument granted by lender to any auccessor in interest oi Borrowar shaN not operate to release the kabtlity of the ori~inal Borrower or Borrower's successora in hterest. Lender sheN not be requ'red to cartunence proceedngs againsi any successor in interest or reluse to extend time tor peyment or otherwise modiy amort~zetion of the sums secured by thls Sea~riy Instrument by reason of any demand made by the origina~ Borrower or Borrower's successors b interest. My torbearance by Lender in exercising eny right or remedy shaq not be a waiver of or preclude the exerase ot eny right or remedy. ~ 11. Successors and Assigns Bound; Joint and Severa! Uabllky; Co-slgners. The cove~ants and egreements oi thls Security Instrument shaq bind end benefrt the successors end assigns ot Lender and Borrower, subject to the provisions of paragraph 17. ~orrower s covenents and agreements shai be joint and several. My Borrower who co-signs this Secxrrity Instrument but doe,g not execute the Note: (a) is co-signing this Security InsVument only to mortgage, grani and convey that Borrower's interest M the Property under the terms ot this Security Instrume~t; (b) is not personaNy ob5gated to pay the sums secured by this Security Instrument; end (c) agrees that L~der artd any other Borrower may agree to extend, modily, torbear or meka eny accorrxrwdations wlth regard to the terms of this Security Instrume~t or ;he Note without that Borrowers consent. 12. Loan Charge8. It the ban secured by tAls Security InsUument Is subject to a law wh{ch sets mexlmum loen charges, end that law is finalty fnterpreted so that the hterest or oth~ loan charges coNected or to be coUected in cennec.~tlon with the loan exceed the petmitted i:mits, then: (a) any such loen charge sha6 be reduced by the amount necessary to reduce the charge to the pexmitted Nmit: and (b) any sums a!ready coNected hom Bo~ower which exceeded permitted Ymits wW be retunded to Borrower. Lender may choose to make this refund by reducing the prindpel owed under the Note or by making a~rect payrr~ent to Borrower. Ii a refund reduc~s principal, the reduction w~ be ?reated as a partial prepayment without any prepayment charge under the Note. 13. Leglslation Affecting Lender's Rights. Ii enactme~t or expkatlon ot eppNcable laws has the etiect of rendering any provision oi the Note or this Security Insirument unenforc~isle eccording to its terms, Lendex, at its option, may require fmmediate payment In ~ iull of all sums secured by this Se~curity Instrum~t end may invoke any remedies permitted by paragraph 19. K Le~def exerdses ihls option, Lender shaN take the steps apedfied in the aecond paragaph of peragraph 17. , 14. NOtiCe8. My notice to Borrower provided tor in this Security lnstrument shaN be given by dekvering R or by mailing ft by flrst dass mail unless appacable lew requres use of another method. The notice sha.b be directed to the Properfy Address or any other address Borrower ~ designates by notice to Lender. My notice to lender shaN be given by fust dass mail to Lender's address stated herein or any other address ; Lender designates by notice to BoROwer. My notice provided tor in this Security Instrument shall be deemed to heve been given to Borrower ~ or Lender whe~ given as provided in this paragraph. ; 15. GOVer111ng Lew; Severability. This Sea~rfty Instrument shad be govemed by federal lew and the law of the jurisdiction in .vhich the Property (s bcated. In the event that any provision or dsuse of this Security Instrument or the Note conl~cts with the appiicable law, ~ such con8ict shell not af(ect other provisions ot this Security Instrument or the Note wh~h can be ~ren effect without the confN~ng provision. Tc this end the provis'wns of this Security Instrument and the Note are dedared to be severable. 16. BOrrOwer'8 COpy. Borrower shall be given one confortned copy of the Note and of this Security Instrument. ~ 17. Transfer of the Property or a Beneficial Interest in Bor~ower. Ii an or any part ot the Property or any interest in it ~ s so!d or transierced (or K e beneficial interest in Borrower is sold or Uansferred end Borrower (s not a natural person) without Lendef s prior ,~ri;ten consent, Lender may, at its option, r~~e immediate payment in ieiq oi eN sums secured by this Security Instrument. However, this ~ ption sha?I not be ex~cised by Lender if exerase is proh6bited by tederel !aw as ot the date of this Security InsVument. If Lender exerases this option, Lender shaN gNe Borrower notice oi acceleration. The notice shaM provide a pe~iod of nat less then 30 days ~ `rom the date the notice is deGvefed or mailed within which Borrower must pay a!I sums secured by this Security Instrument. If Borr~ower ta~s to pay these sums prior to the expiration oi this period, Lender may invoke any remedies permitted by this Searrity Instrument without further ~ notice or demand an Borrower. ~ ~ 18. Barrower's Right to Rei~state. Fi Borrower meets certain conditions, Borrower shaM have the right to have enforcement o( ~ ~ ;his Security InsVurnent discontinued at any t~ne prior to the earGer oi: (a) 5 days (or such other pe~fod as appficable !aw mey specity tor ~ reinsteternentj betore sale oi the Property pursuant to eny power ot sele contained In this Security InsVument; or (b) entry of a judgment ~ enforang this Security InsVument. Those conditions are that Borrower: (a) pays Lender aN sums which th~ would be due under this Security _ 'nstrument and the Note had ns accele~ation occurred; (b) cures any deieutt of any other covenants w egreements; (c} pays ai expenses ncurred in erforang ihis Security Instrument, induding, but not pmited to, r~sonable attomeys' tees; and tafces such action as Lender may . ~easonably require to assure thet the ken of this Security Instrume~t, LendeP's rights in the Property and Bwrow~'s ob4gation to pay the sums secured by this 5ewrity Instrume~t shaU continue unchanged. Upon re~statement by Borrower, thls Security InsUume~t and the obligatiotss secured hereby shaA remain fuYy ~tfective es it no acceleration had occuRed. However, this right to reinstate shafl not apply in the case of - acceleration under paragraphs 13 or 17. > ~ ~ ~ j ; ~ ~ ~ ; Page 3 of 4 ~ _ ,~5,'E9) 926 2 r 6~~~6 ~5 P~~E2672 : ~:~•d _u~.:~ .~~n~~ s~~.~.~~::~~