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Home My WebLink About2927 ~ . lt t_en~ier reyu~red murtgage insurance as a rondition of making the loan .ecured by thi~ Securitp ln~trunient, Burr~~~~rr ~hall r:i~ ihe premiums required to maintain the insurance in effect until such time us the requirement fi~r the in.uranrr tcrnu~iate~ in :ir~urdanre ~ ith Borrow er's and Lender's written agreement or ~pplicable law. 8. Inspection. 1_rnder ~~r its agent may makc reasonabte entries uFxm and in5~ctions oi the Pro~rty. l.ender ~hall ~~i~ e E3urro~~ er nc>tice at the time of ar priar to ~n inspec:tion specifying reasonable rause fur the inspection. 9. Condemnation. The pnkeeds of any award or claim for damagc~, dirc~t or consrque~uial, in connection w•ith an~ r~mdemnation or uther t3king ~~f an} part of the Pro~rt}•, or far ronveyance in lieu o` condemn:~tion, are hereb~ a~.igned and ~hall hr paid to Lender. tn the e~ent uf a total taking ot~ the Pro~rtp, the prcxeeds shali be applied to the sums secured by this Securit~~ In~trumrnt, .~hether or not then due, with an~~ excess paid to Borrower. [n the event of a partia) taking of the Pro~xrt~~, unlr~s E3orrow~er and Lender otherw•i,e agree in w~riting, the sums secured b~• this Securit}~ Instrument shal( be reduced b~• the .imuunt of the pra:eeds multiplied by the follow•ing fraction: (a) the rotal amount of the sums se~ured immediatelp before the taking, divided b}~ (b) the fair market value of the Proper~y immediately before the taking. An}~ balance shall be paid to Borrow•er. If the Propertl~ is abandoned b}• Borrow~er, or if, after notice by Lender to Borrower that the rondemnor offen to make an aw•ard or settle a claim for damages, Borrower fails ro respond to Lender within 30 dat's after the date the notice is gi~ en, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums s~:ured b}• this Securit}• Inctrumer.t, wheiher oc r.nt ihcn duc. Unlc~s l.ender and Borrower otherwise agree in writing, any application of proceeds to principal shall not eKtend or ~x~titpune the due date of the monthly payments referred to in paragraphs 1 and 2 or cfiange the amount of such payments. 10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borro~~•er shall not operate to 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 otherw•ise modify amortization of the sums secured by this Security Instrument by reasan of any demand made by the original Borrow~er or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a w~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 agreements of this Security lnstrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower`s covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrumeni but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personaUy obligated to pay the sums secured by~ this Security Instrument; and (r) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Securiry {nstrument or the Note witf~out that Borrow~er's consent. Il. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan ' charges, and that law is finally interpreted so that the interest or other loan charges collected or to be coltected 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 w•hich exceeded permitted limits will be refunded to Bors-ower. 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 wili be treateci as a partial prepayment wittiout any prepayment charge under the Note. l3. 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 unenforceable according to its terms. Lender, at its option. ma~~ require immediate payment in full af al{ sums secured by this Security Instrument and may invoke any remedies ~ permitted by paragraph 19. If Lender exercises this option, Lend~r shalt take the steps specified in the second paragraph of paragraph 17. ~ Id. ~iotices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or b}~ mailing it by first class mail unless applicable law requires use of anolher method. The notice shall be directed to the ~ Propert~~ Address c~r any~ 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 by notice to Borrower. Any notice provided for in this Security~ [nstrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. l5. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the ~ jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the ~ ; \Ote C011f~1CIs wil~l altDlicahle l~w, c~~~h rnnAi_r ~h~11 ~w'~.-. t-.-- ~ ~,~v~~„vu~ o? uua Securi[y instrument or the Nate " w hich can be gi~en effect w~ithout the conflicting pro~ ision. To this end the provisions of this Security Instrument and the ~ tiote are deciared to be se~~erable. ~ 16. Borrov~er's Copy. Borrow~er shall be g~~en one c~nfcnmed cop}' of the Nate and of this Securit~~ Instrument. ~ 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Propert~~ or an}~ ~ interest in it is sold ar transferred (or if a beneficial interest in Borrc~wer is sotd c~r transferred and Bnrrower is not a naturai ~ ~ertion) w~ith~ut Lender's prior written consent. Lender may, at ~ts option, require immediate payment in full of ali sums ~ tiecured b~~ this Securit}~ Instrument. However. this option shali not be exercised by Lender if exercise is prohibited b}• federal iaw as of the date of this Security Instrument. If Lender exertises this option. Lender shall gi~e Borrow~er nohce of arceleration. The notire shall pro~~ide a perioci of nc~t ie~+s than 30 day~s from the date the n~tice is delivered or mailed within which Borrow~er must pa}~ all sumt secured by t?iis Serurit~ Instrument. If Bcrrower faits tc~ pay these tiums prior to the expiration of this period, Lender may im•oke an~~ remedie~ permitted b}~ thiti Securit}• Instrument without further nc~tice or demand on Borrower. ' 18. Borrower's Right to Reinstate. If Borrower meets ceriain conditi~ns, BorroN~er shall ha~c the right ta ha~e enfe~rcrment c~f this Serurity lnstrument discontinued at an~~ time prior to the earlier ~~f: (a) 5 da~s (or such ~ther peric~d a~ a~r;icahle !aw ma} speeif~ for rein5tatement) before tiale of the Propert}~ pursuant ro eny~ ~wer of sale contained in this Serunt~ In,troment; cir (b) entr} of a judgment enforcing this Securit~~ In~tn,ment Thn~r ~_nnr#itin.;~ -,;r` n,...,..• . 1a) pa~ti Lender all ~um~ ~~hich then w~ould be due under this Securit}• Instrument and the tiote had n~ acreirra~~<~n ~~rcurred: Ih) cure~ an~ default of an~ ~~ther co~~enants or agreements: (c) pa}'s all expentie~ incurred in enfe~rr~ng th~, Serunt~ lntitrument. ~nclud~ng, but n~~t limited ta, reasonable atmrney~' feeti: ~nd (dl taketi tiurh acticm ati Lender ma~ g rea~cmahl~ reyuire tr• a~tiure that the iien of this Securit~~ Insirument, Lender'~ nght~ in the Prc~~c:rty :~nd B~~rmwer', c~bl~gatum t~~ ~a~ the uim~ tiecured b} this Serurit}~ Intitrument sh.~ll ccmhnur unihanged l'run rein~tatement h~ &~rrc~wer, thi~ Se~un~~ In~tru?nent and the t~bl~gatiom tiecured herch~ tihall re~iain fulh rfTrnc~r a~ n~~ ~rrrlerahc~n had ~,rrurr~d H~~~~e~er. thi~ right tc~ reimtate shall n~~t a~rl~ in thr ca`r nf a~celrr~ltl~)IS UIt(Icf ~laragrar}ti, I ~~~r 1' ~~RKfi75 f'.GE292`~ _ - ~ , : x . w- W:..~; ~ ~ ~ . . ..~~,.~~s~3., a