97109371 - Laserfiche WebLink

Browse

. ,. , . .��iY..��i[E"S"•�H J� - �.-._._ ..... .... .... ....�- C.L�J._ __ _ _ - - f6 �� ments me nu longer be r�uli�t.at thc aption of Lender, if mongage insurancc coverage (in~t�he amount nnd for t period _ P�Y Y that l.ondcT requlres)provided by an insurer appruvcxl ty i.�:�dcr again�r�avallub�c�4zc11�nhtnis�d.9arrower e ai pAy ___ the premiumti rcquirai to maintain mortgage insuranca in efFxt,or to provide a losw re.r•crvo,until the rcquircmcnt far mortgagc i insuranca ends in accardance with any wdtten agreement betwan Bc�rrower and Lender a•applicuble luw. � 9.In�pecllo�. Lender or its agent may make reasonab�e entrics upan and inspcctions uf the Fropeny. l.endcr sh�tli give Bc►rrower notice at the time of or prior to an inspectlan epecifying rca.canable cause for tha intipectian. lU. Condernnallon. The procceda af sny sward or claim far damages, dircet�r cansequentisl, In connection with any candem��attAn or other taking of any part of the Praperty.or for canveyence in Itett of candemnatian,are hereby as.gigned aP�d shaU ba;puid lo l�;udcr. In tho avent of u total t�lcing af the Praperly,tho pmceecls nhall be applied to Ihe nums r+ecuted by titis Security Instrumei�t, whether or c�ot then due. with any cxcess pald to Barrower. In the evcnt of a partial tuking of the Propercy in whlch the fatr market value of the Property immediately beforc the takiag ia equnl to or Srsmt�r then the umount of the sums tiecured by thia Security Instrument immediatcly before the taking,unless Borrower and I.cnder otherwise agra in wrfting.the sums secured by this Securiry Instrument shall be ralucod by tho amount of the prooxcls multiplied by the following fraction: (a) the total iunount of the sums secured fmmedlatelY before the taking, divlded by(b)the fair market value of thc Property immecliatcly before the teking. Any balance shall be paid to Bonower. In the event uf a pactial taking of the PropeRy in which thc fait market valuc of the Property immodiately before the taking ls less than the amount of the sums secured immedistely before the taking,unless Borrower and Lender otherwisc agree in writing or unless applicable law othenvlse provides, the procads shall be nppUcd to the sums secural by this Securiry Instrument whether or not the aums ase then due. If the Property is sbandoned by Borrower.or if,after notice by Lcndcr to Barrower that the condcmnor offers to make an award or settle a claim for damages. Borrower fails to respond to I,ender wtthin 30 days after thc date the nottce Is given, Lender is authortzed ro coUect and appty the pruceecis,at Its apdon,either to resrorstion or repair of the Pmperty ar to tha sums secured by thls Security Iiuuvment.whether or not then due. Itcation of roceeds to dnci shall not extend or Unless Lender and Borrower otherwise agree in wdting. any app P P P� postpone the due datc of thc monthly paymenta referred to in paragraphs 1 and 2 or chenge the amount of such puyments. 11. Borrower Not Relea.ged;Forbau'ance By Lender Not A Weivec.Extension of the dme for payment or madificutton of amortization of tho suaas securod by this 5ecurlry Instcument granted by Lender to any successor in Interest of Borrower shall not operate to release the ltability of the original Borrower or Borrower's successora in interest. Lender shali nat be mquired to commencc procadings agalnst any successor in intenst or refuse to extend time for payment or otherwise modlfy emortizadon of the sums secured bY this Security Instrument by reason of any demanci madc by the original Bonoa'er or Borrower's successors in interest. Any forbearance by Lender in exercising any right or nmedy shall not be a waiver oP or preclude the exercise of any right or nmedy. ,, c„ � r ('�Ianerv. The covenants and aArxments of Wit 12. Snccessora xnd nssib»s Si�ti�.�i 3a.;si :ss.. ..t.rrs. �!a*�4lit�': ---.v Sectuity Instrument shall bind gnd benefit the succe,ssars and assfBns of L.ender and Bonower, subject to the pmvisiong of paragraph 17. Bonowa's covenants and egrecments shall be joint end s�verel. Any Borrower who co-signs this Secudty Instrnrnent but does not execute the Note: (a) is co-signing this Security Insaument only to mortgage. grant ead convey thAc Bonower's interest in the Property under tha terms of this Secudry Insuument;(b)ts not personally obligated to pay the sums sccured by this Securtry Insuument;and(c)sgrets that Lender and any other Borrower may agree to exund, modify,forbeer or rru�ke any ecconumodations with regard to the cerms of this Security Instmment or the Note without that Borrower's consent. 13.Loau►Charges.If the loan sceure�by this Secudty Insuument is subject to a law which sets mauimum loan chargee� and that isw is fi�►ally interpretad so tUat the interest or other loan charges coUected or to be collected in connection wtth the toa,z t�c�;,d tlse�ecmfseed 4lmit�.then� {a.)nny�coch loan charge shall be reduced by the amount necessary to roduce the charge to the perniltted limit; ancl(b)any sums already collected from Borrower which excee�ed pemutted limits will be refundai to Borrower. L.ender may choose to make this refund by reducing the principal owod under the Note or b�ma�n��di� payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepaY prcpnymer.t charge under the Note. 14.Notices.Any notia to Borrower provided for in this Szcuriry Instium�nt shall be given by delivering it or by mailing it by first class mail unless applIceble law roquires use of another method.Tha natice shall be diroctod to the Pmpercy AddKSs or any other address Borrower designutes by notict to L.ender. My noticc to�Lender shall be given by first cluss mril to Lender's address stated herein or any other address I.ender designates by nodce to Borrowcr. Any notice provided for in thie Security Instcument shall be deemed to have been given to Borrower or L.ender when given as providod in this paragraph. 15.Governing Lnw; SeverabfNty. This Securiry Instrument shall be governed by federal law and the law of the jurisdiction in whxch the Property is located. In the event that any provision or cleuse of this Security Instcument or the Noto conflicts with applicable law.such conflict shali not affect other provisions of this Security Instrument or tha Note which can be given effect wlthout the conflicting provision.To this encl the proviaions of this Security Instrument and the Note are decland to be severable. 16.Borrower's Copy.Borrower shall be given one conforrncd copy of�the Note and of this 5ocurity Instnunent. Form 302d 8180 Pp�4 of 8 � � .r.y:-K"F;�Y�'�'�� =•,T:.�.�ip,$�K� � . .c+^t�':��:��.�e}.:a;:�^rF�^c�3ryT�a.r�t,�3�'r ,�-__ � . y, i. ' ��'.�#':..,e�,..,..r�«..�. ._�_ ,i �1 �e�,�.�� . ��''�d"S:H� 't j'.�I'�+�:�ft:^i-��kS:�AA CnO[/l��K1't�w.. .. `v'!11 _i}i .r�+. ��.,. -