89103667 - Laserfiche WebLink

Browse

F _1 89- 103667 If Lender required mmgw insurance as a condition of making the ban secured by this Security Instrument. Borrower shall pay the tuns required to tuaintain the insursttce in effect until such time as the requirement for the insurance terminates in accordance with Borrower's and t.etrdet's written agreement or applicable law. t. loweedit Lender or its agent may make reasoosbk entries upon and inspections of the Property. Lender dull dive Boraces a* ms at the base emfor prior to an inspection specifying reasonable came for the inspection. t1. C'aarsaaaaflaa. The proceeds of any award or claim for damagm direct or consequential, in connection with tuy aatdaanadon or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assignsdand shall be paid to Lender. Its the evestt of a total taking of the Property. the proceeds shall be applied to the suns secured by this Security Inetrusaas t, whether or ant then due, with any excess paid to Borrower. In the event of a partial taking of the Property, - �..�- :iawer and Leader otherwise agree in writing. the sums secured by this Security b strutnprt"be reduced by Ow umm of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately bdWe the takin& divides by (b) the fair market value orthe Property immediately before the taking. Any balance shall be paid to aormmatMer- If the Prarperty is abandoned by Borrower, or if, titer notice by Lender to Borrower thin the condemnor offers to nuke an award or settle aclaim for damages. Borrower fails to respond to Lender within 30 days after the date the wtice is given. Lender is authorized to collect and apply the proceeds, at its option, ei;their to restoration or repair of the Proper°nycc to the stuns secured by this Security Instrument. whether or not then due. Unless Lender and Borrower otbowtise agree in writing. any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs,I and 2 or change the amount of such payments. 110 Sm awar Net Relonss* Ferbnnsece By I.e"w Not a vyaim. Extension of the time for psyment or modification of amot iratton of the sums secured by this Security Instrument granted by L ender tri any successor in interest of Borrower shall not operate to release the liability of the original: Brower or Borrower's sucressors in interest. Leader shall not be required to commence proceedings agaimt any sucmtsor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by-txtis Security Instrument by reason of any demarA. mtssde by the original Borrower or Borrower's succeown in interest. Any, forbtearame by Lender in exercising any tight or retry shall not be a waiver of or pceclde the exercise of any trot or remedy. J 111. Satesaasrs caul Msiiglts Beat* Joint aarfi,'rsveral WNW, Cassigwn. The covenants and agreements og this Security instrument %hail bind and benefit the successors cad assigns of Lender and Borrower, subject to the provisions e>�pars pep t7. _ Borrower's covenants sad agreemenu sisaU Ise jcaiot and several. Any Borrower who co -sips this Security r Instrumstent bat does an execute the Nol= (a) is co-signing this Security Instrument only to mortgage. grant and Canvey that Bornyrm's interest in the Property under the terms of this Security Instrument; (b) is not person4ffy obligated to pay `SSW iliac am-Mwiu Wy 'saris OWUMY Icahn 4ancni; and (0 apses iaai Lcioder anti any o6cr Sorrow.. rosy agrtoe to exien0. - modify. forbear or make: nary accommodations with regard to the terms of this Security Instrument or the Note without that Borrowe es.cament. 14� Ltta! CfMrtsas. U the loan meewod by this �ecueity Irest;unment is sutuect to a acv which acts nutximrt:n r....t charges. and that law is finally interpreted to that the interest or other loan charges collmod or to be collected in connection with the low exceed the permitted limits, then: (a) any such loam charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be reftta" to Borrower. Lender may chome to make this refund by reducing the principal owed .. under the Note or by snaking 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 Noce. 13. Lsjttt■tlsa ARsstitsg Leader's RigMtL. If eriacnnent or expiration of applicable laws tins the effect of rtessdering any provision of the Note or this Security l'r:strnment unenforceable according to its terms, Lender, at its option. may require immediate payment in full of all sums secured bi'this Security Instrument and may invoke any remitedies permitted by. faa+*V*ph 19. If Lender exercises this option. Lender shall take the steps specified in the second pars p*b of paragnpbt lT� . 14. Notions. Any notice to Borrower provided for in this Security instrument shall be given by delivering it or by mailing it by first class and unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by Ant class mail to Lender's address stated herein or any other address Leader designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 111. Cersrafag Iiw; SevembH ty. This Swunty Instrument shall be governed by federal. law mutt the law of the jurisdiction is which the Property is located. In the emt that any provision or clause of this Security instrumetit.'or the Note conflicts with apphcablee law. such conflict shall an affect other provisions of this Security Instrument. or the Note which cats be Oleic, e3ag without the cosdicting provision. To thiA end the provisions of this Semcueny Instrument. said the Now are declared to be merable. M Borrower's C,o(Wu Borrower stall be given one conformed copy of the Note and of this Security Instrument. 17. Trassilsr of tk.. Property or a Beneffeint Intenat is Borrower. it all or any pan of the Property or any interest in it is sold or tnsnsferred (or if a beneficial interest 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 full of all sums secured by this Security instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrunment. If Lender exercises this option. Lender shalt 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 Borrower must pay an sums secured by Oiri Sftwnty instrument. If Borrower fails to pay then sums pear to the expiration of this period. Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 111. Bert+oww•s Rift to Redaew/e. If Borrower meets certain conditions, Borrower shalt have the right to have asforcement of this Security Instrument discontinued at any time prior to the earlier of. (a) 5 days (or such ocher period as L applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Secunty lnmrument, or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays lender all sums which then would be due under this Security Instrument and the Note had no acceleration occurred. (b) curers any default of any other covenants or agreements. (c) pays all expenses incurred in enforcing this Sa.urrty Inururnerrt, including, but not limited to. reasonable attorneys' fees. and (d) takes such action as Lender may reasoraniy require to assure that the lien of lhm Security instrument. Lender's rights to the Property and Borrower's ot'►ttgatton to pay the sums secured by Mt Security Instrument shall continue unchanged UIxin reinstatement by lir.►rrouer, this Set urcty instrument and the obtigations secured hereby shall renratn fully effeL tae s% if nit acceleration had "cc.urted llowe%,er, this right to reinstate shall nut apply to the case cif actelerst: stn under ®aragraphs l i m 17