97104463 - Laserfiche WebLink

Browse

9 . .. ., ,... , . . . . .... _ . � - - - - ?•�y4_.. �,.... -- - _. '. _- __--- _ _—'_' '_ ___, _ �....... _... _ .. ... .... . ..._.-..�. .. . ----- - - — . . _ _ ..__ ._..- . - � � ....��a�._ .Jlf«�meu.�a*.,u��.—�-- 9'�- 111�463 paynxnt.r• nwy no I�mgcr bc reyuircd,at the optiun of Le�xler, lf nx�ngt�e insurmxc covcrugc(in�he anwunt and fijr the period that I.esKler requires)prnvid��i by an insurcr ap�srovcd by l.c�xlrr again bcc�mes uvailablc uixl iti obtuinal. Ebrrower shall pay �iu pr�cmiutn.r royuittd tc�maintain mongagc insurnncc in ciie�;t,ur tu providc a loss rererve, until th�reyui��u�nt for inu�7guge insuraixc eixls in urcorda�xe with any wrltten agramem between&�rrc►wer end I.cixler or applicablc law. 9. �tu�prclion.I..e��der or it�agrnt nu�y mukc nascn�able cnules upo�and inspections of tlrc�roperty. Leixlcr shall give Borrower�wtice at the timz of or prior to an inspectian specifying reasonablo cause for tlia inspertinn. 10. Condemnwtlan� Tl�e proceeds of any awnrd or cluim for damnges, direct or consequentinl, in connectian with any cundsmnati�n or ather taking uf uny part o�ths Property,or for cm�veyance in lieu of ca�xlemnation,are hereby assign�i and shall be paid to I.crxler. In thc event of e totAl tuking of the Propeny,thc pmceais shall be applied to the sums�ecum,d by this Security Insnument. whether or r►ot then due,�vith eny exccss paid to Borrowcr. In tho cvent of a partial taking of the Property in which tha fair muk�t value af'the Property immediately bcfore thc taking is equal to ur grcxter than thc amount of the sums secured by this Socurity Instrunxnt i�nnxAiately befo�x the teking,unless Bonower and Lrnder otherwise agree in writing,the sums secured by this Security Instrument shall ba reduced by thc amount of thc proccods multiplial by thc fallowing frac�ion: (a) the total amount of the sums sccured immedfately before th�: taking, dividal by(b)the feir markct value of[he Pmperty immodiataly before the tnkking. Any balarxe sball be paid w Borrower. In the evcnt of e panlal tuking of the Property in which thc fair mArket value of the PropertX immrxli�tely before thc teking is less than the amount of thc sums saured immediately befon thc taking, unless lbnawer e�ui Lcnder othenvisc agrce in writing or unless applicable law otherwise provides,the procasds shail be appliod to the sums secured by this Security Instrument whethes or not the sums arc then due. If the PrE►peny is abandoned by Barrower.ar if,after notice by L.ender to Aorrower that the condemnor offers to make an awud or s�ettic a claim for d�rtwges, &►rrower fails la respond to L.onder within 30 days after the dats tt�e notice is given. . Lender is authori•t.od to colloct and apply thc proccais,at its option,either to rcstoration or rcpair of thc Property or to thc sums - securod by thls Security Instrument,whcther or not then due. Unless Le�xkr and Borrower othcrwisc agrcc In writing, any application of prr�coods to principal sh�ll not oxt�nd or postpone the due date of the monthly paymonis refened to in paragraphs l and 2 or changc the amount af such payments. 11.Bormwer Not Rde�xd;Forbeacance gy I.cnder Not a Waivcr.Extenslon of the time for payment ar modifiration of amortization of the sums secured by this Securiry Instrument grantod by I.ender to any successor in interest af Horrower ahall not operate to rcleasc thc liabiliry of the original Borrower or Borrower's sucoessors in intencst. Lcnder shall not be requ�red to commence procoedings against�ny successor in intenst or r�fuse to axtend time for paynxnt or otherwise modify amortir.�t3on � of the sums secarod by this Security Instrument by reason of any demand mad� by the original Borrow�r or Bor��wer's �, suoce.vsors in interest. Any f�rbearance by Lender in exe�cising any right or rcmody shall rat be a waiver of or pr+eelude tht � exercise of any right or rcmedy. � 12. Suoceae�e and AASi�ns Bound; ]dnt and 5everal L3�bility; Co-signers. The covenu�ts arxl agraments af this �►►�iiy Lrouument shall bind and bencfit thc successo�s and assigns of Lender stnd eomower,subject to thc provisions of paragrnph I7. Borrower's oovenants and agneements shall be joint and severai. Any Borrower who co-signs this Sccuriry I�strument but does not cxccutc thc Note: (a) is co»signing this Securiry Instn►mcnt only to mortgage, grant •and rnnvey that .�orrower's interest in tlk Property under thc terms af this Security Instrument; (b)is not per�omlly obligatcd ta pay alie sunu securod by this Saxirity Instrument;and(c)agrees that Lender end any other Borrower may agrec to axtend,modify,fo�eenr or make any aocommodations with regurd to the temu of this Security Instrument or the Note without that Borrower's consent. 13. Lain Chat�es.If the loan secured by this Security Inst�ument is subjoct to a law which sets maximum Iwn charges, � und that law is finally interprned so that the interest or other(oan charges wllectod or to be wllxted in cont�oction with the q� toan exceod the permitted limits,then: (a)any such loan charge shall be reduced by the amount nocessery to redux the chuge } �,. to the permittod limit; and (b)any sums already callcctod from Borrower which execeded permittal limits will be refunded to ;1�• Borrower. Lender may choose to make this refiuid by redu�ins the principal owal under the Note or by muking a diroct ' Y payment to Borrower. if a rcfund reduces principal, the roduction will be treatod as a partial prepayment witlwut any ' prcpaymcnt charge under the Note. ' 14.Notioes.Any notice,to Borrower provided for in this Security instrument shall be given by delivering it or by malling it by first class mail unless applicable law requires use of another method. The notice shall be dimted to the Property Address i ar any other address Borrower dNSigntrtes by notice to Lendor. �e�y notice to Lender shall be given by first class mail to ! Lender's address stated herein or an�+ othcr address Lender designates by noHce to Borrower. Any nottce provided for in this � Security Instrumcnt shall ba deemed to havc boen given to Iiomower or Lcnder when given as provided in this paragraph. 15.Governing I,pw; Severnbility. This Security Instrument shall be govcrned by faieral law and the law af thc � jurisdiction in which the Propeny is located. In the event that any provision or elause of this Security Instn►ment or the Note ' eonflicis with Applieable law. sueh eonRict shall not affect other provisions uf ehis Security Instcument or the Note which r„s�n be � given effect without tliz conflicting provision.To this end the provisians of this Security Instrument and the Note are deeizr�d " to be severablc. ; 16.Borrower's Copy. Bnrrower shall be given ono conformed copy of the Note und of this Security instcument. • i �orm 3028 9/90 � � P■ys 4 of 0 � . . � � __' :''': .��-.-� ."_:. —__'_ -- _-- _ '�_' — ______-___ _. � _ . ..--'_._.__ _-- �.�'!'70M1'�1lSIDlf�' ' �tY�ltY�lF. ' •..__.___..