97110818 - Laserfiche WebLink

Browse

. :.�.- . ._-- r. .. ' . � - .. ' '� . . ' ., �Y-_ .. .. � i� .. - -T�� � . payments muy no longcr bc requucd,at tha opuon of Lcndcr, if mongagc insurancc cavcrngc(in thc amount and for thc period - � � that Lendcr requires)providcd by an insurcr approvcd by Lendcr again becomes availnblo and is obtained. Borcowcr shall pay thc premiums rcc{uired to maintain mortgage insurance in effect, or to providc a loss rescrvc, unul thc rcquucment for mongagc I -_ insurwu;e cnds in accordnnce with eny written agrccmcnt bctwccn Borrowcr and Lcndcr or applicablc law. � �� 9.lnapectton. Lender or iu agcnt may makc rcasonablc cntries upon and inspecdons of thc Propeny. Lendcr shall givc . ° �� Borrower nouce at the time of or prior to an inspecuon speclfying reasondble cause for the inspecqon. � 10.Condemnatian. 'ilie proceeds of any award or claim for damages, d'uect or consequendal, in connection with any '•�-- condemnaqon or other taking of any part of the Property,or far conveyanee in lieu of candemnauon,are hereby assignetl and (Q ,�� , shnll be paid to Lender. y " In the event of a total taking of the Praperty,ihe proceeds shall be applied to the sums secured by this 5ecurity Instrument, � --- - whether or not then due,with any excess paid to Boauwer.In the event of a partinl taking of the Propeny in which the fair market � ; ' value of the Property immediately before the taking is equal to or greater ihan the amount of the sums secured by this Security Insirument immcrliately before the taking, unlcss Boaowcr and I.endcr otherwise agrce in writing, thc sums secured by this a ;� Security Instrument shall be reduccd by the amount of the proceeds multiplied by the following fracdon: (a)the wtal amount of(X1 the sums securcd immediatcly bcforc the taking, divided hy (b) the fair market valuc of thc Property immetiiatcly before thc � ; �' taking.Any balence shall bc paid to Borrowcr.In the event of a partial taking of thc Property in which ihe fair market value of thc � Property immcdiately before the taklr►g is less than the amount of thc sums secured immediatcly beforc the taking, unless = Borrower and Lcnder athenvise agrc:e in writing or unless applicable law otherwise provides,the praccc�s shall be applicd t�the • sums secured by this Security Instrument whcthcr or not the sums are ihen due. If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the wndemnor offers w makc an - award or seule a claim for damagcs, Borrower fails to respond to Lcndcr within 30 days after the datc the noticc is glven,Lcnder - � is authorized to collect anc�apply the proceeds,at its opdon,either to restoration or repair of the Property or to the sums secured . ■-� • by this Security Instrument,whether or not then dnc. r�i Unless Lender and Bonower otherwise agree in writing,any application of proceeds to principal shall not extend or postpone q, the due date of the monthly payments referred to in paragraphs 1 and 2 or changc thc amount of such paymenis. 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the dme for payment or modification of amorti7ation of the sums securcd by this Security Instrument granteci by L.ender to any successor in interest of Boaower shall - not operate to rclease lhe liability of the original Bonower or Borrower's successors in mteres�Lender shail not be requued [o commence proceedings against any successor in interest or refuse to extend Hme for payment or othenvise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the odginal Boaower or Borrower's successors in interest A.ny forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any r`_� � � right or remedy. ('`�'`` 12.Successors and Assigns Bound;Jo[nt and Several LiubUity;Co•signers. Thc covenants and agrcements of this l�,_�� � 5ecurity Instrument shaU bind and benefit the successors and assigns of Lender and Borrower, subject to the provjsions of '_`�'-•`- .� paragraph 17. Horrower's coventu►ts and agreements shall be joint and several. Any Borrower who co-signs this Security �� - �� Instrument but does not execute ihe Note: (a) is co-signu�g this Security Instrumcnt only to mortgage, grant and convey Ihat �`� ';• Borrowcr's interest in the Properry under the terms of this Securiry Instrument;@) is not personally obligated to pay the sums �p'- secured by this Securiry Instrument; and(c)agrces that Lender and any other Borrower may agree to extend,modify.forbear�r f,�- � ' make any accommodadons with regard to the terms of this Securiry Instrument or the Note without that Bonower's consen� �_ 13.E.oAn Charges. If the loan secured by this Security Instrument is subject to a law which sets maaimum loan charges, ��_�--- �x t and that law is finally interpreted so �hat the interest or other loan charges caUected or to be collected in connecuon with the loan � exceed the p ermitted limits,then:(a) an y such loan char ge shall be reduced b y the amount neces s a ry to reduce the char ge w the ��-•='"--""" - ' � permitted IImit;and(b)any sums already collected from Borrower which exceeded permitted limiu will be refunded to Borrower. Gc=— ° ��. L.ender may choose to make this refund by reducing the principal owed under the Note or by making a d'aect payment to � ':r,= Bonower. If a refund reduces principal, the reducuon will be ueated as n parrial prepayment without any prepayment charge - under the Note. - :��ri°,--�=�: 14.Notic�s. Any nodce to Boaower provided for in this Sec:urity Insuument shall be given by delivedng it or by mailing it ==P'�=--= �"�"�,�-or�-=— by t'irst class mail unless appGcable law requires use of another method. The novice shall be d'uccted to the Prope�ty Address or ;. � ��T=iF'.�R any other address Bonower designates by notice to Lender.Any noucc tn Lendcr shall bc given by first class m�il to Lendcr's ' S'�''��"'�� `�: . address stated hcrein or any other addrass L.endcr designatcs by nodcc to Borrowcr.Any noticc provided for in this Security '� � Instrument shall bc dcemcd to havc been given to Borrowcr or Lcnder whcn given as provided in this paragraph. •�,,`. 15.Coverning Law;Severability. This Security Instrument sliall bc govcrncd by fcderal Iaw and the law of thc � • jurisdicdon in which the Property is locatcd. In thc event Ihat any provision or clause�f this Security Inswmcnt or the Notc , ._ . contlicts with applicablc law,such conflict shall not nffect othcr provisions of this Sccurity Instrumcnt or thc Notc which can bc � given effect without the con}licting provision.To this end the provisions of this Security Insuvment and the Note arc declar;d to � bc severablc. � Form 3028 9/90 , (�jo•8R(NE)�ez��1.o� PAgea o1 A INtlale: i � . i . _ , r. _ _ -_. � __ __ __ _