98110696 - Laserfiche WebLink

Browse

. �� . � 98- 11oss� p�ymenta rru�y no lon�cr be required, u�he option of I.mder, if mort�a�e in�uruue covGnge pn�he�maunt u�d for ttk period th�t i.et►der requira) provided by an Inauror approved by i.ender again become� aviilable ar�d is obt�ined. 8orrower sha!!p�y the prcmfurta requlrcd to maiM�n mon�ye insurarce in effect,or to provide a los�rcsetwe. untii�he requiremrnt for mort��e lniurnnce endi in�ecord�ncr with�ny written a�ramrnt between Borrower u�d Lender or�pplicable I�w. 4. IMpect{ai. L.ender a iti qent m�y m�ke reawnable entdes upon uid ir►spections qf ttx Property. Lender ihdl �ive Borrower notia u the time of or prior to m intpoction�pecifyln�nawnable cwse for the inspection. !0. Ca�dem�tlo�.The procecds oi�ny awud or claim for dunages,di[�at or consequential, in cannection with�ny condemnation or othe:takint of any part of the Property, or far conveyance in lieu oi cortdemnetlon, ere hereby nssigned ru►d �all be paid to I.ender. In the event of a toul taking of the Propeny,the procads shall be�pplied to the sums secured by thia 5ecuriry Imtrummt. whether or not ttxn due,witd any exass�uid ta Borrower. In the cvcnt of�puti�l t�king of the Pro�xrty ln which the fair muket v�lue of the Propetty immediuely before the talcing is eqwl to or greuer t��n the anaunt of the sums sxured by this 5ecurity Insttutneut Immediattely before the taicing.unless Borrower�nd I..mda othecwise agra in writing,thc aums securcd by this Security Insuu�rent shall be reduad by the amount of the proceeds multipllod by the following fnction: (a) the total unount of the sum�secured immodiately beforc the t�icing, divided by(b) the fiur muket vdue of the Propercy immediuely befon the aking. My b�lauxe ah�il be p�dd to Borrower. [n the tveat of a puti�l [�Icing of the I�ropetty in which the f�ir mulcet v�lue of die PropeKy inmediatdy be:'oro We taking ia laa th�n the�nwunt of the sutm soa►red immodiuely beforo the ahing, vnlaa Horrov`cr md I.ender othe�rwise agra in writing or unleu�+plicable law otherwiae providea, the pmcxoda ahall be applied to the wms aauz�ed by thia Security Instrumeat whetber or�t t6e wcas ou�e tLen due. If the Pmpetty is�ndooed by Borrower.or if.after notice by I.rnder to Borrowa that tho coademmr otYen co make�n _ �wud or settle x clum for dunaga. Borrowa f�ils to respond to i.er�der within 38 �ys �fttr the date the noticx ic givrn, . l.ender u iutlwrined to eollect wd�pply t6e pr000eda,at its option,either to nuoruion ar rep�ir o[the Property oc to the wms _ secured by this Saurity Insuument,whether or not Wen due. Uda: I.enda and Borro�wer otberwix agra in writing, anY appfication of praoeods to principal stWl not exta�d or postpooe tbe due d�te of tbe monthly paymeats referrod to in puagr��hs i ud 2 or c�ange the�mount of such psyma�u. 11.Dorrower Not Re.�u�ed;Fa�bearaaa sy I.eoder Not�Wdrer. Facteniioa of the time for paymeat or modific�tion of�mo�tizatioa of the aums �eairod by t6is Securiry It�stniment�ranted by L�ender to any wocesaor in interat of Borrower�hall aot opaMe to nele�e th liability of the ocitin�l Socmwer a Borrower's succxawn in inten�t. Larder ihall not be roquired to oommeaoe Proceedit�s�sina any�ucoeswr ia interest or retuu to exand time for payrnwt or otheiwise mod�ity umettir�tian o[th� ams �ocurod by thi�Saauery Inunuaia�t by rca:on of ady demand m�de by t6e origiaal Borrowa or Borrow�a's � suoaswn� in iutere�t. Aay fubeu�noe by Lender ia eaerc�ing any right or�y atull not be a w�iva of or piroclude t6e ��i�r ri�,��r�,.ay. 12. Srooarors atl e�Bowd; Joist ssd Sereral Y.isbilky; Cu�. The coveaants aod agroemeats of t6ia Savriry laarumeut s1Wl biad �ad ba�efit the woauon�nd auigos of La�der md BormMer� subject to the proviibm ot W�Bi�ph 17. Bono�wa'� covr.n�ots aad agraments ahalt �e joinc and uveral. Any Barrnwer who oo-tip� this Securiq lnswmeat but doa not e�cute the Note: (a)is co-�igaing this Securiry Imt�umeqt aaly to mo�tsafe. gtant iasd com'e!'tb�t Bono�rer's interest ln t6e Pmpe�ty uader the ternu of t61s 5ecurity In�ttumeat:(b)is not pa�owlly obti�ated ta pq tbe wa�s aecured by cbis Security Instrumeor aod(c)a8roea that I.eader wd uiy other Borrower m�y aje+ee w extead�modlry.locbrar or m�te amy accommodatioot with re6ud to the trnm of this Security Inuiumeat or the Nae without tbat Hon+o�ver'�000�at. 13.LoM CY�esa.If tbe lowa sxuced by ibis Securiry [nurumeat it wbjax to a law �vhich uu ma��m lwa char�es. ard tL�t larv is fimlly iaeipiaed w�hat the iate�+e�rt or otber lan c�a oollectad a�w be oollecte�d in 000neaion with the lan eaoeed the pamined limi�s.then: (a)any wch Iwa clurje�h�ll be mduoed by tbe�utsount naxaw�'w redux the�r�e to die permiaod limit:�d (b)smY��lre�dy colleaed frnm Bo�rower w�hich exceeded permiaed Itaaia�vitl be nfuoded co Bortowa. l.ender may choae w rmlce this retlmd by roducin� tbe priocip�l orved under t6e Note or by mtin= a dhect paymcnt to Botro�wer. If a refund roduas priucipal� the reduaiun will be tn�tod as a partial p�ep�ymeat witho+u �ny Pr'�MY�t c�arje ua�da the Nde. 14.Notla�.Any notke to Borrower provWed for in thi�Security in:tivmeat shall be givm by.dtlivain�it a by m�ilios it by finrt claa n�il unlas �pplic�ble law roquira we ot aoother method.'Ilie n�Kioe �hall be diraxad w tLe Pcoperty Abd�u or my at�er sddress 8omorer dai�ta by notice to Leodet. My natia to I.ender s1uU be aiven by fi�st c1ar� mdl to L,a�der'i sdd��tated 6erein or wy otha add�es�La�der daiwuta by notioe W Hamwer. My notia pmvided ta in thir Secudry Ia:trumeat s6�ll be deemod to have boea�iven to Botcowa or Ixader�n given as provided'w thit p�r�caph. 1S.Go�er� Lw; Se�enbWty. This Securiry loswmeat siWl be governed by foderal lr�+ �nd the la�v otthe juri�diaioa ia which the Property is located. In tbe event that any provision or cl�uae of tbis Sec�rity [mtn�meut�the Note c�ontlias with applie�ble law,tuch oonflict shall not affect other provitioas of thia Socudty Imtcumeat or tbe Note whieb ean be given effea without the conAictiag provisioa.To this end tGe p�ovisiaos of dti: Secvriry inat�uma�t�ad tbe Note.it+e decl�ed to be�everable. 1�.Domu+►a'a Copy.8orrower shalt be given one oonfornkd oopy of the Nae and ef this Secudry In�tiumeat. �ao 1so �-e11n+E�n:,si.o� r.o••a• _ _ __ _ _ _ _ _