89103943 - Laserfiche WebLink

Browse

169'_`'i03943 If lender required trwrtgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shad! par tbTr=. iae s required to maintain the insurance in effect until such time as the requirement for the inswaooc teroai D_ oocttdlu�o-with Borrower's and leader's written agreement or applicably law. 4, 1Mjatil k .I.eadac or its agenl may make reasonable entries upon and inspections of the Property. Lender dwasivairsrtu -on st Anaa.the time ofor prior to an inspection specifying reasonable cause for the inspection. 9. Comhoastlan. The proceeds of any award or claim for damagm director consequential, in connection with any eondemastio n or other taking of any part of the Property. or for conveyance in lieu of condemnation, are hereby asaigasd and sled be paid to bender. In the went of a total taking of the Property. the proceeds shall be applied to the sutras secured by this Security Imtrumeot whether or snot then doe. with any exoas paid to Borrower. In the event of a partial taking of the Property. maim Borrows aid I.ender otherwise aysree in writing. the soon secured by this Security Instrument shall be reduced by the amount of the - , ,1 1 mtthipIW by the following fraction: (a) the total amount of the sums secured immediately paid the taking. divided by (b) the fair market value of the Property immediately before the taking. Any bake shall be If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condenmar offers to make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date tbo Notice is, Biwa. I is autborized to collect and apply the proceeds, at its option, either to restoration or repair of thelttrqpertyor to the sums secured by this Security Instrument, whether or not then due. Unless Leader and Borrower otherwise agree in writing, any application of proceeds to principal shah tans ette94 or postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of sums poi. 10. llwrewa Nat Relssaeift Fieiearasoe By Lander Not .a Waiver. Extension of the time for peyvmi�.ar n- n %Ara" n of amortisation of the sums secured by this Semtinty Instrument granted by Lender to any sii � iih interest of Borrower shall not operate to release the liabiltty-cTf t%e original Borrower or Borrowces successors ter ittterat. Lender shall not be required to commence prooeedinp ag st any successor in interest or refuse to evAmd tittxe.('or payment or otherwise modify amortization of the suers secured by this Security Instrument by reason of any needle by the original Borrower cr Borrower's successors in interest. Any forbearance by Lender in exercising any m ittfeeaard)r shall not be a waiver of or preclude the exercise of any rotor remedy. 11. S -Prom ern trawl Ankm Boom* Mat sad Several Liddity; C - siasers. The covenants anti sgreanents of this Security Instrument shall bind and bemefit the successors and assigns of lender and Borrower, subject to the provisions of paragraph 17. Bormwees covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convty that Borrower's inWest in the Property under the terms of this Security Instrument: (b) is not oersomallv oblittated to am. : . the sums secured 4 this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to modify. forbear or make any a000etmatodations with regard to the terms of this Security Instrument or the Note: without U= ___M i VWQ a aunii--i. 12. Luna tharpts. If the loan secured by this Security Instrument is subject to a law -which sets maximum loan charges. and that .iaw is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) airy such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and.(b) any stuns already collected from Borrower which exceeded permitted limits will be rduaded 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. Ua ref ilud reduces principal, the reduction will be treated as a. partial prepayment trsthout any prepayment charge under the Note. 13. Le idedis Affsetisg Leader's Rigltta. If enactment or expiration of applicable laws has the effect o� rende ripe any provision of the Note or this Security Instrument unenforceable according to its terms, Lenderi at its option, maifegwm immediate payment in full of all sums secured by this Security Instrument and may invoke: •any remedies permitted by poseaph 19. If Lender exercises this option, Lender s)rall take the steps specified in the second paragrali .-pf paragraph 17. 14. Notiees. Any notice to Borrower provided for in this Security Instrument shall f�kiven by delivering it or by mailing it by first class mail unless applicable law requires use of another methtotf. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender.-Any natmee.to Lender shall be given by first class mail to Lender's address stated herein or any other address lender designates by tnoti= to Borrower. Any notice mfear Security Instrument shall be deemed to have been given to Borrower or LA de when given as provided IS. 11311111112roft law; Severarility. ')'Iris Security Instrument shall be governed by federal law and.the law of the iuriatli lion in which the Property: is located In the event that any provision or diuue of this Security Instminent or the incite dots with applicable law, such ci affw shall not affect other provisions of this Security lastrunnant or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are decLrod to be severable. If. Borrrtwo CAPpy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Tnamder of the Property or a BeseBcial baerest in Borrower. if all or any part of the Property or any interest in it is sold or transferred (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 fede W law as of the date of this Security Instrument. If Feder exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not lets than 30days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoice any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19- Barr+awer'e Right to Reiastabe. if Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security instrument discontinued at any time prior to the earlier of. (a) S days (or such other period as L applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument,- or (b) entry of a judgment enforcing this Secunty 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) cures any default of any other co%cnatnts or agreements. (c) pays all expenses incurred in enforcing this Security Instrument, rn,1wing, but r!oj l!!t m_-d to. reaso!uble att^rs:_ys' fees: and (c') takes such actor. 4s Lender may reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security instrument shall continue unchanged Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective w, of no nuel.rattim had occurred. However. this right to reinstate shall not apply in thecase �cf accelerauon under paragraphs I I fit V? 1► �+4 �f J-