89105946 - Laserfiche WebLink

Browse

i __� � � 89=-. 105946 1P Lertidrr requiad martgsge ir�sursncc as a c�ndition af mak'sn� thc Iwn as�ar�by this Security lnstr�mea►t, rBormwer shali�y thr prtmium�required to m�inuin ihe inwtance in eQt�ct unti!such tinH u the requirement for the insu�ance tecminatc�ia iccordanc.e with Borrawrer's and Lender's rvritten��teement or�pplicable law. �. I�setlw�, [�snder�r its a�ent m�y make nascx�ibk entries upon�nd inspections oP the Property. I,ender ahall�ive Borrurver nodce at the time oi or priot to u9 inspection specifyin�reason�ble cause for tbe inspectioo. !. Co�ia�a!{M. The p�oreeds oPwy a�ud or claim for damajrs,dircct or consaquentiAl,in cannxtion aith any co�dem�tion or otber t�lcln�of any p�rt oP the Propeny,or fot convey�nce in lieu af condemnation.ue Aereby axlReed�nd shail be qid to Lender. In the event oia tMal takinj of the Pt�aperty. the ptaceeds�hall be applied to the sums fecurad by tl�is Security t�strumen�Nhetber or not the:n dt��vith any eacxu p�id to Horro�er. ln the evdnt of a partisl takinj oi tbe Property� un3e�8orro�a aad Lmder otberwise yra ia writinj.the�um�secured by this Security lnstroment shall be red�oed by tlu aanount d'the proceeds multipfied by the followin�fnction:(a)the total uaount of the sums securad immadlacely before the t�ltia�.dlvided by(b)the[air market value of'the Prvncrty immediately beforc th�t�icing.Any balancx sl��l]ix psid to HorraNer. lf the PropeRy is abandoned by Borrow�er.or if.aftex Rotfce by Lender to Borrower that the condemnor otfers to �nate�u�aud or settle a cfaim for dams�a,Horrower f�ils to respond to 1�.errder within 30 days after c�e date the notice is pven.I.ender is authorized ta collaac and apply the proceeds,at its option.either to restontian or repair of the Propecr.y or to t6e sums securod by this Security Instrument,whether or nQe 4hm due. Uakq L.ender u�d Horrowra cxber�vise a jree in�v�iting,any applic�tion of�roce�ab.�to principal shall not eatend or patpone the due data oE the monthly p�yments referred to in}+artsraphs 1 and 2 or chuiEe the amaeu�t of such payairnts. , 10. Borrower Koe Rel�� Forbaes.ce By Leade� Not a wat�rer, Extension of the time for paymrnt or modiAa�rion of amortiratian of the sums �ecwed by tbis Security Instrument granted by Lendes to any successor in interat of BorroMtr shall not operate to relcase the liability of the original Honower or Horrower's successors in interat. I.ender sha11 not be required to commmce procadiaas aaainst any succasor in interest oc reti�se to extend time for papment or Ml�e,nvise mod'Jy amartiution of tl�e sums secured by this Security lnstrument by rrason of any demand m�de by tl�e otipnal BorroMer ot 8orro�er's suocesion in interat.Any forbearance by Lender in eaercising aay right or ranedy sh�U rat be a�►aiver ator proclude the eaercise of any ri jht or remedy. • ii. S�oetNO��aM AMips Ho�d;Ja4�t�i Se*er�l IJa611ity:Co3ip�en. The covenant�and aateema�u of � thi�Security lnsm�mmt�hsll bind and bene8t the�ucceswrs�nd usigns oP Lender snd Borrower.subject to the provisiens ' � ot'p�ra�rsph 17.Horrover's covenu�ts�nd a�raments shall be jaint�d several.My Borro�ver�vho co-sians this Security % Instrums�t but doa not�a�toeute the Note:(a)is oo-aanin`thia S�+ccuriey lnsrrument only to mo»gage,grant snd convey . that Honoxer's interat i4a rS�e Property under the t�nms of this Security Iast�rmment;(b)is not peraon�Uy obligated to pay ` , the sum�secured by this Security Instrumenr and(c)agas that Lender and any other Horrow�er may agra to extmd, �:'=� tllOOtty.t"mbe,ar af m�e�my tcevmmooadons writn repro io inc ieims cri ini5�ririiy i�iiilnxiai oi iiic i.G'ae:•;tu'viii t21!►t aOt('01YCf�i COQ!lllt. ` 12. I.o�a�G�ei. If the foan secured by this Security Inttrument is subject to a law whic!►sets maximum Iwn chu�es, and that law is (inally interpreted so that the interat or other loaa chuges collectai or to be collected in connection writh the loan e�cceed the permitted limiu, then: (a)�ny such loan chsr�e shall be reducal by the amount . naxuary to redua the chu�e to the permitted limit;snd(b)any sums already wllectod from Horrower which eaceedai pennitted limits will be rdunded to 8orroMer. Lmder m�y choo�e to make this refund by ralucing the principnl o�ved under the Note or by makinE a direet p�yment to Borrower.If a refund reduees principsl,the reduction will be treatod as s putial prcp�yment w�ithoud�ny prepaymrnt chufe r�nder the Nott. , 13. I�4tla AA�ietlq I.e�de�'s R!{�. It enactment or exqtucation of spplics�ble lsws hu the eRxt of '� readtrin=any pmvision d'the Note or this Security Instrumene unenforcable acoording to its terms.Lender.at i1s aption� `� may require immediate payment in full of all sums �ecured��+�this Security lnstrument and m�y invoke an� remedies • permitted by p�rsjnph 19.lf Lrnder exercises this option,Let�der ahall take the steps sprxified in the second parsgraph of � P�PYPb 17. ` � 14. Notiees. Any notice to Borro�er prn�u3ed for in this Security lnstrument shall be giveri�;,delivering it or by _ mailinf it by fint clsss mail unlas applicable law requira us�e of another method. Tke saticr sl�ra�!be direct�cS to the Property Addms or my osher address Borrowet ddignsus'�+g notice to Ltnder.Any rccati�x to Lea�der shall br given by � s` flnt slass mail to l.ender's address stated herein or a�s�y other ad�ras Lender designates by notioe to Bczcower.Any notice � provided'for in this Secae�it�lnttrument shall be�ed to have been�ve�r,r�.Borrower or l.ender w��.given as provided • , in this puazrapb. 1S. .�eraias�:�tw;Se�trabWty. Thi�Security Insecox�r.ent ahall be governed b�federal Faw�and the T:�a�of the jwisd'utiuRO i�s qvhich the Froperty is locsted. In the event tbac��provision or clause aE'chis 5ec�a�ty Instrurr�aea or the Idote cont�s�vith appZiable law.such con}fict sh�ll not alFie:.-�,e3ther provisions of this Security Ie�sccument or the Note wrhioh can be given dFact.�,thout the contfictinggc�►avision. To this end the provisions oi'this Securiey Lrsstrument and the . � �BtC Yit i1dC��iG��'rf,ii�ilt. . . li. Ba�towet'i�'.onr. Borr.awer ahall be�'aiven one cqaformed copy of the I�ate.and of this Security lnstreiment.. : ; 17. Trs�der ot tMe Pro�ert:�mr� BeaelkW Ieta�a�fn Borrower. If all ar�et�y part of the Proreetyr �r any � � interat in it is sold or tranderred far if s beneficial interest in Barrower is sold or transfcrred and Borrower is not a aaturaY � petson)wathout I.ender"s prior written consenc.Lender may,af its option,requi�e immediete payment in full of all sums � secured by this Security Instrument. However, this option sliall not be exercised by Lender if exercise is prohibited by federal law�s of the date of this Security instrument. If Lender eaercisc�this option,Lender shall give Banower eotice of acceleration.7'he notice shsJl provide a period •-_=_-- of not less than 30 days from the date the notict is delivered or mailed w�thin which Borrower must pay al]cums sesured by ' this 5ecurity Instrumrnt.lf Bottawer fails to pay these sums prior to the expiration of this period.Lender msy invoke any remedia pemrittal by this Security Insttument without funher notice or demand on Borrower. lf.Barowet'�lti�t to Rti�state. If Bnnower meets cesta�n condit�ons,Horrower shall havt the right to have � enfotament of this Secunty Instrnmrnt discontinued at any time pnor to the earlibr of:(a)S d�ys(or such other penod as � appl�coble law may specify for runstatement)before sale of the propeny pursuant ta�Iny power of sale conta�ned in this L Secunty Jnstrument:or (b)entry of a judament enfotcing this Security Instrumtnt. Those condiuons are th�t &�rrower: (�) psys Leadrr�11 sums which thtn would be due under this Security lnslrumtnt and the Note had nu accelention � . occuned. (b►cures �ny defsult of any other covenants or agraments: (c) psys sll eapenses�ncurted in tnforc�ng th�s Sec:urfty Instrument,includ�ng, but not IimiteQ ta, reasonable attomeys'tees;and (d) takes surh acnon as Lender may �`' rasonably rcqu�re ��ssure thu thr I�en of th�s Secunty Instrument. Ixnder's nghts in the Prnperty and Borrower's �� obl�aation tc► �Say the sums securect Dy th�s tiecunty Instrument shail cont�nue unchanged t'pon re�n�ibtrr�,eift t►y r� `. � Fidfrower.this Stcur�ty ir+stniment and the obl�gaUCms securcd heteby shall►eme�n fufly etierm•e ec it nn acceleration had � • c►ccurred H�KCVrr,ilu�;nght u�re�ngiete shalt nc,t bpply m the cace cdacceittalirn undtr par:�greiphti i;�r 17 ..�.J