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Home My WebLink About2811 ~ , ~ ~ Any amounts disb~rseci by Lc•nder uraer th ~ F~ara~,:,~t~' sn~+l! hr~ccire a~~~~~t~unal debt of Borrower secured by th~s Security ~ lnstrument Unless Borrower and Lencfer agre~ to other terms of },ayr~ert these amounts shal~ bea? interest from the date of ; .y r..~......... d~sbursement at the Note rate and shall be aavabie. w~~h :nte?est u::~~n n~tica frnm i anriPr tn Rnrrnwor .cn~~o~f~.... If Lender required mortgage ~nsura+~ce as a cond+t+on ot mak~ng the loan sec~~ ed by this Secunty tnstrument, Borrower shall pay the premiums required to ma~nta~n the msurance ~n ef(ect unt~l such t~me as the requi~emeni tor the ins~~ance terminates in accordance with Borrot++er's and ~.erde.'s writien agr~a,~~~nt or appl+cable law 8. Inspection. Lender or its agent may make reasonable entnes upon inspect~ons of the Property. Lender shall give 6orrower notice at the tlme of or pnor to an inspect~on spec~fying reasonable caus~ for the ~nspection 9. Co~s~amnat~~,. ~r,a ~,~~~r~~~ ut ar~y award or claim ior oamages, direct or consequent~al, in connection with any condemnation or other taking of a~y part of the Property, o~ br conveyance in I~etf of condemnat~~n, arehereby assigned and shali be paid to Len~er. In the event of a total taking of the Property, the praceeds shall be appl~ed to the sums secured by this Security Instrume~t, whether or not then due, with ary excess paid to Borrower In the event of a part~al taking of the PrOperty, unless Borrower and tender otherwise agree ~n writing, the sums secured by this Security Ir.strument shall be reduced by the amount of the proceeds multiplied by the following fract~on. (a) the toial amount of the sums secured ~mmediately before the taking, divided by (bj the fair market value of the Property immetliately before the tak~ng Any batar. ~e sha!! be paid to Borrower. If the Proparty is abandoned by Borrower, ur ~f, after notice by Lende~ Borrower that the condemnor ofters to make award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the proceeds, at ~ts option, e~ther to restoration or repair of the Property or to the sums secured by this Security Instrument, whethsr or not then due. Unle~s ~ender and Borrower otherw~se agree m~nting, any applccation of proceeds to pnncipal shall not extend or postpone the due date of the monthly payments referred to ~n paragraphs 1 and 2 or change the amounts ot such payments. 10 ~orrower Noi Released; Forbearance By Lender Not a Waivsr. Extension of the t~me 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 ope!ate to release the liability of the original Borrower or Borrower's succsssors in interest. Lender shall not be required to commence proceedings aga~~st any successor ~n ~r,terest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrumert by reason of any demand made by the origir.ai 8orrower or Sorrower's successOrs in interest. Any forbearance by Lencier in exercising any right or remedy shall c~ot be a wa~ver af or rectude the exercise ot any right or remedy. 11. Succeasors and Asaigns Bound; Joint and Several Liability; Co-Si~ers. The covenants and agreements of this Security ~ Instrument shalt bind and benafit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. B~rrower's covenants and agreements sha11 be jainl and several. Any Sorrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Secu~ity Instrument only to mortgage, grant a~d convey that Borrower's interest in tt~e Property under the terms of this Security fnstrument; (b) is not personally cbligated to ~ay the sums secured by this Security Ir.strument; and (c) agrees that Lender and any other Borrower may agree to extend. modify, forbear or make any accommodations w+th regard to the terms of this Security Instrument or ihe Note without that Borrower's consent. 12. Loan Charges. If the ?oan secured by thls Security Instrument is subject to a law which sets maximum loan charges, and that ; ;aw is finally interpreted so that the interest or other {oan charges coitected 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 necessary to reduce the charge to the permitted iimit; and (b) any sums already collected from Borrower which exceeded !he permitted limits will be refunded to Borrower. Lender ; may choose to make ihis refund by reducing the princ+pal owed under the Note or by making a direct payment to Borrower. if a : refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. ~ 13. Legislation ANecting Lender's Rights. if enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unenforceab4e acco~ding to its terms. Lender, at its option, may require immediate payment ; ` in full of ail sums secured by this Security Instrument and may invoke any ~emedies permitted by paragraRh 19. If Lender exercises ! ~ this option, lender shall take the steps specified ~n the second paragraph of paragraph 17. t i 14. Notlces. Any notice to Borrower prov~ded for in this Security Instrument shall be given by delivering it or by mailing it by first ' class mail unless applicable law requires use of another method. The netic~ shall be directed to the Property Address or any other ` ' address Borrower dessgnates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender des~gnates by natice to Borrower. Any notice provided for in this Security Instrument Shall be deemed to have been given to Borrow~r or Lender when given as provided in this paragraph. 15. Goveming Law; Severability. This Secunty Instrument shall be governed by federal law and the law of the jurisdiction i~ which the Property is located. In the event ihat any provisions or clause of this Security Instrument or the Note conflicts with applicable taw, such corflict shall not affect other provisions of this Securtiy Instrument or the Note which can be given effeci without the conflicting provision. To th;s end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower'a Copy. Borrower shall be given one conformed ~opy of the Note and ot this Security fnstrum~nt. 17. T~ansfer of the Property or a Beneticial {r+terest in Borrower. If all or any part ot the Property or any interest in it is sold or iransferred (or if a beneficial interest in Borrower ~s sold or transferred and Borrower is not a natural person? without Lender's prior written consent, Lender may, at its optian, requ?re immediate payme:~t in fuil of all sums secured by this Sec~~rity Instrurnent. ~ ~~n~ya~, iiii5 ONiivn si~dii noi be exerclsed oy ~ender ~t exercise ~s prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option, ~en~er shal4 give Borrower notice of acceleralian. '~he notice sha11 provide a period of not less !han 30 days trom the date the notice +s delivered ar ma~led within which Borrower rztust pay a14 sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the exairation of this peri~d. ~ender may invoke any remedies permitted by this SeCU?ity Instrument without further notice or demand on Borrower. 18. Borrower's Righ! to Reinstate. lf Borrower meets certain conditions. Borrower sha41 have the right to havs enfor•:ement of this Secunty Instrument discontinued at any time prior to the earlier of: (aj 5 days ~or such other period as applicable law may specify for reinstatement) befors sale of the Prope~ty pursuant to any power of sale contained in this Security lnstrument; c~r (b) entry of a ~udgment enforcing ihis Security Instrurnent. Those corditions arE that Borrower: (a} pays Lender all sums which ther? would be due under this Security Instrument and the hote had no accel~ratior occurred: (b) cures any default of any other covenants or agreements; (c) pays all expensesircurred in entorcing this Security Instrument, including, but noi limited to, rea5onable attorneys' tees; and (d) takes such action as Lender may reasonabiy require to assure that the Ilen of this Se~urity Instrument, lender's rights in tt~e Property and Borrower's obtigation to pay the sUms secured by this Secunty Instrument shall contirue unchanged. Upon reinstatement by Borrower, this Secur~;y Ins!rument and the obligations secured hereby shalt remain fully effective as if no acceleration had occurred However, th~s r~ght to reinstate shall not apply ir~ the case of acceleration under paragraph 13 or 17. Page 3 0l t _ FLOHIDA•Sfnql~ F~m~ty-fHMA;FHL41C UMIFORM INSTRUMENT FtECORD GF FL50025'C tt-88 Fo m 3G'C :2 5? BtDOK ~ ! 5 PACE~O~ s~ , ~