90100235 - Laserfiche WebLink

Browse

1 � � i i I . 9A-� l002�5 I� Lander reyu�reJ n�urlyage �nsurance as a condd�an�t n�aking the loan secured by thia Secunty Instrument, � Borrower shall pay 1hQ premiums required lo mainiain the nisu�ancN�n ef1eG unUl suGh Sime as the requirement tor tfie msurance tarm�nates in accordance w�th 8orrower's and Lender's wr�tten agreemont or appl�cable law. �. inzp�CNon. Lender or iis agent may make reasonablo entnes upon and inspeCt�ons ot the Property.Lender shall g�ve Ba�rower not�ce at lhe t�me oi o�pnor to an�nspect�on spec�fy�ng reasonable cause tor the�nspection 9. Condem�atlon. The proceeds of any award or cla�m tor damages.d�recf or conseq�iential.in conneGtion with any condemnation or other taking o1 any part o1 the Prope�ty, or for canveyance in lieu oi condemnatian,aro hereby assigned and shall be Ra�d to Lender. In the event of a total taking o1 the Property. the proceeds shall be appliad to the sums secured by this Security Instruma�l,whether o►not then due,with any excess paid to Borrower.In the event ot a partial taking of the Property. unless Borrower and Lender otherwise agree�n wnting,the sums secured by this Security Instrument shall be reduced by the amount o1 the proceeds multiplied by the following lraction: (a)the total amouni of the sums secured immediately , before the taking,divided by(b)the fair market value oi the Property immediateiy before the taking.Any balance shall be • paid to Borrower. N the Property is abandoned by Borrower,or it,aiter notice by Lender to Borrower that the condemnor offers to make an award or seltle a clair►f or damages.Borrower tails to respond to Lender within 30 days a}ter the date the notice is given,Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums secured by this Secunty Instrument,whether pr not then due. Unless Lender and Borrower otherw�se agree�n wr�ting,any appl�cat�on of proceeds to principal shall not extend or postpone the due date of the monthly payments reterred to�n parag�aphs 1 and 2 or change the amount of such payments. 10. Bor�owe� Not Releas�d; Fo�bea►snce By Leade� Not a Watver. Extension of the time for payment or modificatlon of amortization oi the sums secured by this Security I�st�ument granted by Lender to any successor in interest of Borrowershall not operate to release the liability of the original 9orrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or retuse to extend time for payrnent or othe►wise modiiy amortizatlon of the sums secured by this Security Instrument by reason of any demand made by the orlginal Bor�ower or Borrower's successors in i�terest.Any forbearance by Lender in exercising any right or r�medy shall not be a waiver of or p�eclude the exercise of any right or remedy. 11. Sucssso►sandAafip�fBound;JointantlSeve�alLiabiUty;Co-signers. Thecbvenantsandagreementsofthis Secunty Instrument shall b�nd and benetit the successors nnd assigns of Lender and Borrower.sub�ect to the p►ovis�ons of paragraph 17 Borrower's covenants and agreements shall be �oint and several Any 6orrower who co-signs this • Security Instrument but does notexecute the Note (a►is ca-s�gning this Secunty Instrument only to mortgage,grant and , convey that Bor�ower's�nterest in the Property�nder the terms of th�s Secur�ty Instrument.(b)�s not personally obligated � to pay the sums seCUred by th�s Secunty Instrument:and(c)agrees that Lender and any other 8orrower may agree to � �� . extend,mOd�1y,torbear or make any�CCOmmodBLons evith regard to the terms p1 this Ser.unty Instrument or 1he NOte 1 �- w�thout that Borrower's consent. ��-i 12. Loen ChBrges. It the loan seCUred by this SeCUrdy Instrum�nt is sub�ect 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 collected in = , connection with the loan exceed the premitted I�mits,then (a) any such loan charge shall be reduced by the amount necessaryto reduce the charge to the permrtted hmit:and(b1 any sums already collected irom Borrower which exceeded - permitted limrts will be retunded to Borrower Lender may choose to make this refund by reduc�ng the principal owed ti` under the Noteor by making adirect payment to Borrower If a retund reduces pr�ncipal,the reduction will be treated asa ��-_ partial prepayment without any prepayment charge under the Note �! 13. Legislatlon Attecting Lender's Rights. N enactment or exp�rat�on of applicable laws has the eifect o1 rendering any provision of the Note or this Security Instrument unenforceable accord�ng to�ts terms.Lender.at�ts opt�on, may , require immediate payment in fullof all sumssecured by th�s Security Instrument and may�nvoke any remedies permitted � by paragraph 19. If Lender exerc�ses th�s option. Lender shall take the steps speciifed +n the second paragraph of - paragraph 17. 14. NotiCes. Any notice to Borrower prowded for�n this Secunty Instrument shall be given by delrvering it or by mailing it by first Class mail unless applicable law requires use of anolher method. The notice shall be direCted to the . ' Property Address or any other address Borrower designates by not�ce to Lender Any not�Ce to Lender shall be given by -'_�r first class mail to lender's addressstated herein or any other address Lender des�gnates by not�ce to Borrower Any notice ;�= rovided for in this Secunt Instrument shall be deemed to have been ` -•'= � p y given to Borrower or Lender when given as provided � in this paragraph. `. . � 15. Gove►ning 4aw;SeverabiUty. This Security instrument shall be governed by federal law and the law of the jurisdiction in which the Property is tocated. In the event that any provfsion or clause of th�s Secunty Instrument or the � Note conflicts with applicable law.such conilict shall not aifect other prov�s�ons ot this Secunty Instrument or the Note which can be given efiect without the conflicting prov�sion To ih�s end the prov�sions of this Securfty Instrument and the Note are declared to be severable. 1S. Borrower's Copy. Sorrower shall be gwen one conformed copy of the Note and oi this Secunty Instrument. • 17. Transferot the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any�nterest in it is sold or transierred(or it a benef icial interest in Borrower�s sold or transferred and Borrower is not a natural person) without Lender's pnor wnttenCOnsent.Lender may,at its opt�on.requ�re�mmed��te payment�n full of all sums secured by this Security Instrument.However,this option shall not beexercised by Lender�1 exercise�s proh�bited by}ederal lawasof the date of this Secunty Instrument. If Lender exerc�ses this opt�on.Lender shall give Borrower notice ot accelerat�on The not�ce shall prov�de a penod of not less than 30 days from the date the notice is delivered or ma�led within which Borrower must pay all sums secured by this Secunty Instrument It 8orrower fails to pay these sums pnor to the expiration of th�s period.Lender may�nvoke any � remedieS perm�tted by th�S Secunty Instrument w�thout further not�ce or demand on Borrower. � 18. Borrower's Right to Reinstate. If Borro,iver meets certain conditions. 6orrOwer Shail have!he nght to have � enforcement of th�s Secur�ty Instr��ment d�scontmued at any t�me pnorto the earl�er of�(a)5 days�or such other per�od as � applicabte law may spec�ty for re�nstatement)betore sale ot the Property pursuant to any power o1 sale conta�ned�n th�s � ' SeCUrity Instrument:or(b)entry ot a�udgment entorc�ng this Secunty Instrument Those condit�ons arethat Borrower (a) L pays Lendar�II;c;m��:h;ch then aauld be d�e�r��;th�s Secur�iy tnstrumen��nd ti�e Note had no acceferation occurred. (b� Cures any default o1 any other covenants or agreements. (C) pays all expenses incurred in enforcing ih�s Secunty Instrument.�nclud�ng.Dut not I�mited to.reasonable�ttorneys�fees:and�d)tTkes such act�on as Lender may reasonably requne to assur�that the��en Ot this SeCUnty Instrument.Lender'S rights in the Property�nd BOrrower�s obliqaUOn to pay (�. - th0 Sums seCUred by this Secur�ty Instrument Shall contmue unChanqed Upon re�nstatemc�nt by Borrower th�5 SrCUIrty � _ In5lrumE�rN�nd the nhliqaT�ons SCCUrCd herehy Sh�II remain}ully eltecl�vt�as�f nc�atcel�ratinn h,�ri��r-cun��i Hnw�vF�r , ih��nqht I�re�nslate Sn;�ll npt;3pply �n the r,a5e pf,�ccetc;rat�Un unrlq•r p�r,iyrapt�; 13 c�r 17 �:� � � � �