89105892 - Laserfiche WebLink

Browse

� I �g� 1�5692 � If t_�ndcr rcquiced murtgage ins�rdc�.�a�ao»ditirn� of making the lnan securcd by this Security lnstrument, &�rrowcr shall pay tt�c premiuma�rcyuiced w t�int#in thc insurance in e�'ect unti l si�c h timc as t he requi�ement for I ha insurancc tcrminatc�m a�•cordance�ith Hacrowet'yp��iLender's written agrcement��r applica�ble law. a. lnspection. Lender nr its agent may makc reasonuble entries upan nnd inspections�f'thc Propurty. 4ender shall gi�•c B�rr��N•er notice ut�he time of�r pnor ta an inspectian 9pecifyiog rea4onablc rs�usc for the in�pcction. 9. Coedenn�tio�. The proceeds of any award ar claim fdr damagta,dircct nr consequantiul,in canncctian with , any cc►ndemn�tion c►r other tAking oP any pan of the Praperty, ur for conveyant�e in lieu of candemnation. are hereby usigned and shall be paid ta I.ender. In the event o!'A totul taking of the Aruper��•, the proceeds shaU be applied to the sums secured by this Security , Instrument,whethcc or not then due,with uny excess paid to Horrowe�. ln the event af a purtial taking of the Propeny. u�less Borrawer and Lender athenrrisa agrec in writing,the sums securcd by this Security instrument shall be reduced by ' the am�unt of the proceeds multipli�±d hy the fc�llawing fruction: (a)the total amount of the sums secured immediately befixe Ihe taking,di�+ided by(b)the fair market value af the Property immediately befare the taking.Any balance shall be pAt(�tQ E�Oi[OK'Cf� If the!'roperty is uband�ned by Bonower.or if,atter rtatice by Lender to Bo�rower thnt the condemnor offers to make an award or settle a claim for damages,Borr�wer fails ta respcand to i.ender within 30 days aRer the date the notice is : given,l..ender is suthorized to collect and apply the proceeds.at its optian,either ta restoration or repai�of'the Property or to the sums secured by Ihis Security Instrument,whether or nat then due. Unles.g Lender and Horrawer otherwix agree in writing,any application of proceeds to principal shall not e�tend or � postpcme the due dute af the monthly paymcnts refetted to in paragraphs 1 and 2 or change the amaunt of such payments. 10. Horrowe� Not Releaud; For6earance By Lende� Not a Walver. Eatension oP the time for payment or modification of amartization oP the sums securGd by this Security Instrument granted by Lender to uny successor in . interest Qf Borrower shall not operate to relcase the liability of the original 13arrowcr or Borrower's successors in interest. Lender shall not be requirod to commence praceedings against anp succeswr in intenst o� refuse to extend time for pnyment or othenvise modify amortization of the sums secured by this Security Instrument by relson of any demund made by the oRginal Barrower or BorroWer's succe.ssors in interest.Any forbearance by Lender in eaercising any right or remedy shall not be a waiver af or preclude the cxercise of any nght or remtdy. � < Il. Succes�wn and Aai�s Bound;Joint u�d 5e�en!Uabllity;Casi�n�rs. The covenants and agreements of ; ; this Securiry instrument shall bind and bcneflt the successors and assigns of I.ender and Barraw�r,subject tn the provisions =, of paragraph 17.Borrawe�'s covenants and agreements shall he joint and several.Any Borrower wha casigns this Security ��:. Instrument but does nat execute the Note:(a)is ca-signing this Security lnstrument only to mortgage.grant and convey I