89102358 - Laserfiche WebLink

Browse

75- �5 r . - ..1423 '�'� ' X003` 54 It Lender required mortgage insurance as a condition of matting the loan secured by the y Amsttuirmerfl. Borowar shalt pay the premiums required to maintain the insurance in effect until such time as the requirement for the Insurance terminates in accordance with Borrawees and Lender's written agreement or applicable law, S. Inspection: Lender or Its agent may make reasonable entries upon and inspections of the Property. Lender shall *a Borrower notice at the time of or prior to an Inspection specityirtg reasonable cause for the Inspection. 9. Zondeninatton. The proceeds of any award or claim for damages. direct or consequential, In connection with any conderma- Um or other flakt'1() of any part of the Property. or for cortvayance in Heu of c andertinatlon. are hereby astilped and shag be paid to Lender. In the event of a total tailing of the Property, the proceeds shag be applied to the sums secured by this Security Instrument. whether or not then due, with any excess paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, the sums secured by this. Security Instrument shall be reducer! by the amount of the proceeds mutt piled by I.lee "Owing fraction: (a) the total amount of sums secured immediately before the taking. divided by (b) the fair market vahie of the AWec[y limmedlotety before the lalft Any balance shall be paid to Borrower. If the Property is abandoned by Borrower. or It after rraUee by Lender to Borrower that the condemnor offers ft r*aiw_ art award a settle a eWm for damages. Borrower fails to respond to Lender within 30 days after the date the notice Is gum L2i��►'cs suL*.asfi+e�dt O collect and the proceeds. at its option. either to restcrticrr, or repair o1 the Pro apply pr p ep perry or to the sums secmd hy this Sec::fy Instrument. whether or not then due. Unless Lender and Borrower otherwise agree In wrifft. Vic, cation of proceeds to principal shag not extend or po�!ne tlart`�e_ date of the monthly is referred to in paragraph 1 err it +s wiange the aurrraunt of such payments paymen ..._ . 10 Borrower Not Released; Forebeararkp fly Lauder Not a Waiver. Extensfon of the time nos mment er' . cation of alim!t ifttlon of the sums secured by this Secad(y� fry , term granted by Lender to any successor In interest. 3g avower s}ssi5 not of*i t 16 release the Iabllty of the original Borrower. ck 8orowers successors in Interest. Lender shall not be teq*v d to con elm hptr hgainst any successor in Interest or rein 16.. cii� , tdae for payment or otherwise modify amcrtlaailen. of the sums sew J�iliiivt3 t y Instrument by reason of any demand. rnattr by llse azigirta6 Qa¢rowrer or Borrower's success .�a hd!zy�i Any fortseawnaz I 1;stl,; rite ixendshmg any right or remedy shall not 66'a walvetr ,d: err Itrectude ilte euce cse a► any right err r? !i. TT., Miadessors and Assigns Bound; Joint and Several Llatlfffw, Co�$Rers. Tire rs��z ad trm� agreements cr . Otis ^aBV1"' Ostrumerrt shall bind and benefit the successors and assigns ot` Lender arid` l3arrawer. sub ],W` iln rpm iAifff rs of pars ] 1 Trr. [3l truske�s. covenants and agreements shall be joint and several. Any Bormwer who ca -stgns this• uit��'iiii tsttn+.ssi :,wit die rte+: •, . 'Ot uli fliie Note, (6) Is co-signing this Security instrument only to mortgage, grant. and convey that t3omevrrx''c' 1^tlte is 1ti �lre t sitity, . under tint Wins of this Security Instrument; (b) Is not personally obligated to pay the sums secured by this Securtyy Iudmitye d; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to tern of this Security Instrument or the Note without that Borrower's consent. 12. Loan Charges. it the loan secured by this Security instrument is subject 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 ban exceed the permitted Indus. then; (a) any such loan charges shell be reduced by the amount necessary to reduce the charge to the permitted Irrdt; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legislation Affecting Lender's Rights. If ens :tment or expiration of applicable taw has the effect of rendering any provision of the Note or this Security instrument unenforceable according to Ns terms. Lender. at its option, may require immediate payment in full ofd suns secured by this Security Instrument and may invoke any remedies permitted by paragraph 19. If tender exercises this option. Lender shall take the steps specified in the second paragraph of paragraph 17. 16. Notteea. Any notice to Borrower provided for In this Security instrument shag be given by delivering k or by mailing h by first class mW unless applicable law requires use of another method. The notice shag be directed to the Property Address or any other address Borrower dplgnates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for In this Security instrument shag be deemed to havia bem given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severabllity. This Security Instrument shall be governed by federal law and the law of the jurtsdiclisrn in which the Property Is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with apprrratk law. such conflict shall not affect other provistor<s of this Security Instrument or the Note which can be Given effect without the conflidlrg provision. To this end the provisions of this Smr' ,s instrument and the Note are declared to be sevembte, 16. Borrower's Copy. Borrower shall t9e:+ gv ; ;ven one conformed copy of the Note and of this Secur l instrument. 17. Transfer of the Property oe a Beneficial Interest in Borrower. it all or any part of the Property or any Interest In n is sold or transferred (or If a beneA9a6 lnlerest in Borrower is sold or transferred and Borrower Is not a natural person without Lender's prior written consent, Lender may, at its option. require immediate payment In fug of all sums secured by this Security InstrumanL However. this option shag not be exercised by Lender 11 exercise Is prohibited by federal law as of the date of this Security Instrument. 11 Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the Borrower must pay all sums secured by this Security instrument. It Borrower fags to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instru- ment without further notice or demand on Borrower. 18. Borrower's Right to Reinstate. if Borrower meets certain conditions. Borrower shall heve Vie right to have erfe'r-M -rent et this Security instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicalte law miNy fi;ecity iS v e6mtw menQ before sale of the hirperty pursuant to any power of sale contained in this Security lrs jrnenl. or fit.) ent i V a ?;3dg -� rl er:?oteing this Security inViwnn�2. Those conditions are that Borrower: (a) pays Lender all sums vrhieh then would be due :ender this Secu�y instrumenl and the Note had no aeoete-ation occurred: (b) cures any default of any other carmanl or agreements: ((I hails all expenses incurred M enforcing this Security Irsrument, including, but not limited to, reasonable attorneys' fees: and (d) takes slit action rt',.I.errrler easy reasonably require to jrt tsure that the lien of this Security Instrument. Lender's rights In the Property and Borrower's obfig- ofion to pay sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this `ttlulty Instrument and the obligations secured hereby shall remain fully effective as It no acceleration had occurred. However, this right to minstaie shall not apply in the case of acceleration under paragraph 13 or 17. 1 Voge 3 01 4 L