90103977 - Laserfiche WebLink

Browse

I � E � 1 � ��_.. �.t��"�`� r li Lender rcG��':red mort�a�c insurmce a a condition ai'makiRs the lonn secured by this Security Instrument. � Hotrowtr sha11 p�y th�premiums rcquired to mxlnlain the insusance in eA'ec� until such time as the rsquirtment for the in�uts�+ce terminatex in�ecordance with Borto�vrr's uid Lender's writtrn�Sreement or ipplic�bie law. i. I�eda�. Lender or ih�ent may malc�raxmabk rntms upan and insp�ctions of the Property. Lender shdl�ive Horr+o�rer Aotice�t the time ot'or prior to an inspectian specit�►ing rcasonable c�use for the inspection. �• �• ��P��s��Y�wrud or elaim for d�m�jes. direct or consequential.in conne�ction w�ith �nY�andenfaa►t�on or dhtr t�Icin�d'any qrt af'the Pr.vperty. or for canveymce in lieu of condemrution.arc hereby , a�i�ad and sh�ll be Mid tu 1.endrr. In the event d'�tohl takin�of the Property�the proceeds sha91 be applied to the surtis secured by this Security . Instrwne�t,w►hethrr cx uot then d►x,writh any eaoen psid to HorroMer. ln the event oP a partial ukin�o�tht Prnperty. usle�&xroMer and Lencfer othenviu s�roe in�vritin j,the sums secured by this Security Instrument slull be reduced by tl�e�nt of the ptooeeds multiplied by the lolbMinj fnction:(a)the tota!�mount of'the sums serurcd immediately �� be�oe+e tlje ttkiiy,divided by(b)the f�ir muket vsiue of the Property immediately before thc takina.Any b�lance shall be paid to Borro�►er. lt the Property i�ab�ndoned by gurtow,er�or if,aRer notice by 1.ender to 8onawer that the condemnor c�ll'ers to nWce�n aMUd ar ut�k�cl�im for damases,Borraw�er fails to rapand to l.rnder within 30 days after the date the notice is pven.t�rnder is autharised to collect and�pply the proceeds,at its ortion,either to rtstoration or repair of the property or to the sum��ecurod by this Sxurity Instrument,Mhether or not then due. Unka�.ender aad eiomow�er otherwiie s�ro�m wntma,any application of proceeds to principal sha11 not e�ttend or pattpone the due date d'the monthly p�yments refened to in p�rs�raphs !and 2 or chan6e the amount of such psymtnts. ' 10. 8otrow� Not Relw�i; Fot�e�a�ce By i,e�e* Na a Wd�er. Eztension of the time for psymmt or modiAcation of smatiration of the 4ums secured by �his Security Instrument 6ranted by Lender to my succesaor in intera�t ot 8arrower thall not operate to relase the liability of the ori j�nal Barrowu or BonoMer's auccasors in interat. L�ender iMll not be required to commence praccrdin=s sµinst any successar in interest or refuse to extrnd time for p�yment o�otherwix modity amortization of the sums secured by this Security Instrument by reason oPany demand made by the ori�inal�onower or Horro�er`s successors in interat.Any forbeannce by Lender in enercising any riaht ar remed�r ' �1 not tx a waiver d'�x pneclude the exercix of sny ri�ht or remedy. 11. 5re�s a�i ��i/r Hor�Joi�t�i Sereral i�aWlity:Co-siO�en. The covrnsnts and aareementa of this Security Instrument shall bind and bet�tllt ttx succeswrs and assi�ns uP Lender and Barrower.subject to the provisions d'prasraph 17•Borro�ver's covenants and a�c+ements shall be joint and�everal.Any Borra+ver who co-aijns this Security _ Iasteument but doa not eaecute�he Notr.(al u co-siiminR ehis Securicv Insiruen�ne�u,iy*,.�.�.., �.��,��,.;.;,� _ tliat HiM�wer s�eferest in tl�e�roperty ns�der ehc tertns at this Secunty instfument;tb)is not personaiiy oblisated to piy �~ the sums secured by this Security Insttumtnt;and(c)�arees that Lender and any orher 8orrov►er may i�ree to eatend. modify,torbear or malce at�y�ecommodations witb rcaud to�he terms af this Secunty Instrument or the Nott wit�out ' that 8�orroMer's con�ent. -- ` �2• ��. If the loan secured by th�s Secunty lnstrument�s subject to a law which sets maxirraum lan ch�rKs, and that iaw is fin�Uy iaterpreted so that the �nterest or othcr loan char6es colicctod or [o be colkcted in