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Home My WebLink About2915 . 11 L~~~e1er feyuirc't7 m~~rtgage in~uranrc as a condition ~~f making ihe loan serured b}' this Se~urity Instrumrnt, f3,~rr~~~~rr `hall ray the rren:iums required to maintain the insurance in eflect until such time as the reyuirement for the ~n,i,ranrr terminatc~, in arc~~rdanre w~ith Borrow~er's and Lender's written agreement or applicable law. R. inspection. Lender or its agent may ma~e reaconabk entri~s uFwn and ins~tio~2s af the Pro~rt~~. 1_rnder ,hali gi~ ~ Borru~~er n~~ti~e at the time of oc prioc to an inspect+~n specifying reasonable cause for the inspection. 4. Condemnation. The pnxeeds ot' an~~ award or claim for damages, direct or consrquential, in connection w~ith sn~ r~~n:irmn:itian or other taking of an~ part c~f the Pro~rty, ur for con~~eyance in lieu of condemnation, are hereb}' a.,;gnrd and tihall he paid to Lender. In th~ e~,ns of a totaf t3kii~g of the Propert~•, the proceeds shall be applied to the sums secured by this Security In.trument, ~~hether or aot then due, H'ith any excess paid to Borrow~er. ]n the event of a partial taking of thz Pro~rty, unlr~s E3ormwer 3nd Lender otherwise sgree in w•riting, the sums secured b}~ this Se~:urity Instrument shall be reduced by the amount of the prcxeeds multiplied by the following fraction: (a) the total amount of the sums secured immediately hefe~re the takirig, di~~ided by (b) the fair market value of the Property immeJiately before the taking. Any balance shall be paid to Borroa~er. lf the Pro~rt~~ is abandoned by Bor~ower, or if, after notice b}~ Lender to Borrowzr that the condemnor offers to make an aw~ard c~r settle a claim for damagc~, Borrower fails to respond to Lender within 3Q days after the date the notice +s gi~ en, Lender is author.zed to collect and apply the proceeds, at its option, either to restoration or repair of the Property or i~~ ih~ ~l4mS c~„~~rrri h~~ tFtlc SQCilC22)" j^S~:'.::::~,[SZ~ R'}S~~iS~i Ci ilOi i~1Ci~ uilc. Unlc~s Lender and Borrow°er otherwise agree in writing, any application of proceeds to principal shall not extend or po;tpone the due date of the monthly payments referred to in paragrapfis 1 and 2 or change the amount of such payments. 10. Borrower `ot Released; Forbearance By Lender Not a Waiver. Extension of the time for payment ar mc~dification of amortization of the sums secured by this Security lnstrument granted by Lender to any successor in interest of Borrow~er shall not operate ro release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for pa}~ment or otherv?~+se modify amortization of the sums secured by this Securiry lnstrument by reason of any demand made b}~ the original Borrower or Borrow~er's successors in interest. Any forbearance by Lender sn exercising any right or remedy shall not be a~•aiver of or preclude the exercise of any right or remedy. 11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreeme~~ts of this Securit~• Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's corenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is casigning this Security Instrument anly to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured b}~ this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend. modify, forbear or make any accommodations with regard to the terms of this Sesurity Instrument or the Note without that Borrower's consent. 12. Loan Charges. If the loan secured by this Security Instrumer!t is subject to a{aw which sets maximum loan ~ charges, and that law is finally interpreted so that the interest or other loan charges coltected or to be collected in ~ connection w~ith the loan exceed the permitted limits, then: (a) any sueh loan charge shall be reduced by the amount ! necessar}• to reduce the charge to the permitted limit; and (b) any sums already collected from Borrow~er which exceeded permjtted lsmits wil{ be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction wil) be treated as a partial prepayment without any prepayment charge under the Note. ~ 13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of rendering an}~ provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option, € ma}~ reyuire immediate payment in fuil of a11 sums secured by this Security Instrument and may invoke any remedies ~ ~rmitted by paragraph 19. if Le~der exerc:ses this optwn, Lender shall taSce the steps specified in the second paragraph of r paragraph 17. ~ 14. tiotices. Any notice to Borrower provided for in this Security Instrument shall be given by deli~~ering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the j Propert~• Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by ~ first class ma+l to Lender's address stated herein or any other address Lender designates b} notice to Borrower. Any notice 0 ~ pro~~ided for in this Securit}• Instrument shall be deemed to have been given to Borrower or Lender when given as pro~•ided ~ in this paragraph. ~ 15. Governing Law; Severability. This Securit}• Instrument shall be governed by federal law and th~e law of the ~ jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the ~ \:~~tv rnn4li:tc u~ytF~ ~....1:r~F.~o ;4.,,~ ~vi~Q:CQ „inii Tiv2 di'c~i viiici ~iruvi~iun~ ui inis Sec;urity instrument or the 1VOte ~ ~,t......,,,,. ~ a hich ran be given effect without the confticting provision. To this end the provisions o1' this Security Instrument and the tiotr are declared to be se~•erable. i 16. Borrower's Copy. Borrower shall be given one conformed cop}~ of the Note and of this Securit~• Instrument. £ 17. Transfer of the ProPerty or a Beneficial Interest in Borrower. lf ~II or any part o£ the Property or any ~ mterest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrciwer is not a natural ~ ~ erson) ~'ithout Lender's prior written consent, Lender may~, at ~ts option, reyuire immediate pa}~ment in full of afl sums £ secured h} this Securit}~ Instrument. However, this option cttall n~r be exercised by I.ender if exercise i~ prohibited b} ' f~deral law as of the date of this Security Ins[rument. If Lender exerci~es this option, Lender shall gi~e Borrou~er n~t!ce ~f acceleration. The notice ~hall provide a pericxi ~~f n~~t less than 30 da~~, from the date the notice is deli~~ered or mailed within w hich Borrow~er must pa}~ ail sums secured b} thil Serurit} Instrument. [f Borrov.~er fails tc+ pay these tiumt prior to the expiration of this period, I.ender may~ in~~oke any~ remedie~ ~ermitted b}' this Security Instrument w•rthout further notice or demand on Borrower. 18. Borrower's Riqht to Reinstate. If Borrow~er meets certain conditi~ns. Borrow-er shall ha~e the right t~ ha~e enf~ircernent c~f this Securih~ Instrument discontinued at an~~ time prior to the earlier uf: (a) 5 day~ (c,r such e~ther ~eric~d ati ~~,~lirahle la~? ma} ~peri`~~ for rein5tatement) before sale of the Property ~+ursuant to an}' {~c~~er of sale rontained in this Securit~ Intitrument: ur (h) entn of a judgment enforcing this Security In~trument. Th<~sc condit~en~ arr that R^r:~uer: !a1 ~a)~ Lender all wm~ which then would be due under,{his Security Instrument a»d the Nrne had n~ acceleraU<:n c~crurred: (h) rure~ an~ default of am~ c~ther co~•enants or'agreements; (c) pa}s ~!I expente~ incurred +n enfcuring thi~ ~ Serurit~ In~trument, inrludmg. but n~~t limited to, reasonable att~rne}ti' fees: and (d) taketi tiurh action ati Lrnder ma~ - reati~mahl~ reyuirr t~~ a~tiure that the l~en nf this Security Instrument. Lender's nght~ in the Prc~prrt~~ and &~rrciwer'ti ;~bl~g~~ti~~n t~~ ~~a~ thr ~um4 tiecured b~ this Securit~~ Instrument tihall c~mtinur unrhanged l'~~m rein5tatement h~ E~;~rcc~HCr, thi, Securit~ In~trument and the c~bl~gation~ secured hereby ~hal1 remain fu11~ rffr~~nc a~ if nn ~rceierat~~~n had ~~ccurrrd. H~~«t~er. ~hi~ right to re~nstate shall ne~t ~p~+~~ m the ;a~e ~f ~~celerati~m u~idrr ~ar,tigra~h~ ~~r BOGK~ `5 FAGE~~7~~ : _ _ . . ~ _..m:=~~~.~~ a~ ~r:: ~~:w~c a: ~,,~_~.'_TMSS ~ r~f:.:..r,~-_,~r;