89106026 - Laserfiche WebLink

Browse

•t � � . �g�' 106026 � ' If t�ender requ�red rnortgage insurance as a cand�tton�f making the toan secu�ed by this�ecurity Instrument, . Barrau•cr shalt pay ihe premiums requircd to maintain ehe insurance in rtfect until auch time as the requirement for the insurance terminates in accardance w•itb tlattawer's and Lender's w�ritten agreement or Applicabte taw. 1!, la�psetlon. Leader ar its Rgent may malce reasonable entri�s upon and inspcctions of the Propert�. Lender � shall gi��e Iir�rrower natice at the time of ar prior to an inspection speciPyi�g reasonable cause Por the inspection. 9. Condea�u�tion. The proceeds of any awaed or claim far damnges,direct or consequential,in connection with ' any candamn��ion or other taking of an� p�n of the Propeny. ar far conveyanco in lieu of condemnation.are hereby ; assign�c!and shall tse pai�i to l.en�er. ! ln the event af a total taking oP the Property. the proceed�shuq be applied to the sums secured by this Security f Instrumem,ahether or not then due,with any e�cccss paid to Horrower. in the event of a pArtial taking of the Property, � u�las Borrawer and Lender otherwise agrce in writing,thc sums secured by this Srcurity Instrnment shall be rsduced by � the amount of the proceeds multiplied by thc folIawing Proction: (a)the tata!amaunt of the sums secured immediately i before the taking,divided by(b)the Pair market value af the Praperty immediately before the taicing.Any balance shall be � paid ta 8onower. ;' If the Property is abandoned by Borrawer.or if,after natice by Lender ta Bo�rower that the condemnor offers to j make an a�rard or settl�a claim for damages.8orrawer fails to respond to Lender withize 30 days after the @ate tAe notice is given,Lender is authoriud to callect and apply the proceeds,at its option,either ta restoration or repair of the Property or a j to the sums secured by this Security Instrument,whether or not then due. � I U�lcss Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not eatend or � postpone the due date of the monthly payments refe�red to in paragraphs 1 and 2 or change the amount of such payments. � 10. Borrower Not Reksud; Forbearance By Leeder Not a Waive�. Extension of'the time for payment or , modiftcation of amottization of the sums secured by this Security Instrument granted by Lender to any successor in inter�est ot'Bonower shall nat operate to release the liability of the original Borrower or Borrower's succe.�.sors in interest. � Lender shall no1 be requirod to commence proceedings against any succcssor in interest or refuse ta extend time for � payment or otherwise modify amortization of the sums secured by this Security Instrument by reasan of any demnctd made by the original Bonower or Horrawer's successors in interess.Any farbearance by Lender in exercising any right er remedy shall not be a waiver osor preclude the exercise of any right or remedy. t-_ � 11. S�ccawn aed Aa�ip�Bound;Joint and Severa!Lisbility; Co-signers. The covenants and agraments of i _ this Security tnstrument shall bind and benefit the successors and assigns of Lender and Horrower,subject ta the provisions � ' ; of paragrsph 17.Borrower's covenants and agreements shall be joint and several.Ang Borrower who co-signs this Security ; __ i Instrument but does not eaecute the Note:(a)is casigning thls Secwity Instrument only to mortgage.grant and convey `•---- _ 1I1sI OUrrv�iv�r�iiiii.tirsi ift i�ic�-iv}xi2j%iluuci��ic ic�`ni5 vi 2�iib.�ac�i.iii�Zy:ii5iiiiii:�::�Si i5 i1Ci j,�i"'A:.�Z��::jyStt�:^t'k°.� � the sums secured by this Security lnstrument;and(c)agrees that Lender and any other Bonower may agree to extend, � modify,forbear or make any accommodations with regard to the terms of this Security lnstrument or the Note without � that Iiorrower's consent. ; 12. I�o�a C6uges. IPthe loan secured by this Security Instrnment is subject to a law which sets maximum loan charges. and that law is finally interpreted so that the interest or other loan charg� collected or to be collectod in canneetion with the ldan excad the permitted limits, then: (a) am•sueb loan charge shall be reduced by the amount "_ noce.�.sary to reduce the charge to the permitted limit;and(b)any surns stready collected from Borrower which exceeded � permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed �� under the Note oe by making a direct payment to Borrower.Ifa refund reduces princi�ral,the reduction will be treated as a ` partiai prepayment without any prepayment charge under the Note. � ! 13. Leglslatios ARecting Lender's Rights. lf enactment or expiration of applicable laws has the effect of -- ; rendering any provision of the Note or this Security Instrument unenForceable according to its terms,Lender.at its option. ' may reqaire immediate payment in full of all sums sccured by this Security Instrument and may invoke any remodies . : permitted by paragraph 19.lf Lender exercises this option.Lender shall take the steps specified in the second paragraph of �;�y i��S�Ph 17. ` 14. Notices. Any notice to Borrower provided for in this Security Instrument shaU be given by delivering it or by �_ . � mailing it by first class mail anless applicable E�w requires use of anatker method. The notice shall be directed to the °; - Property Address or anf other address Bonower designates by notice tv Lender. Any notice to Lender shall be given by � ' first class mail to Lender's address steted herein vr any other•address Len�der designates by notice to Borrower.Any notice . . providod for in this Secnsity lnstrument shall be deemed to have been gi�en to$orrowrr or Lender when given as provided - in this paragraph. 15. Governiug Ltw;Severability. This Security ln�irument shal)be governed by federa�law and the law of the jurisdieeior�in which she Property is located. In the event that any pro�•ision or clause of this Security Instrument or the Nate conflicts a:ith ap�sl'ecablt lsw,such eonfliet shall not a$ect other provisions of this Security Insttument or the Note ` which can be given efl"oct without the conflicting provision.To this end the provisions of this Security Instrument and the ' Note are declared to be severable. 16. Borrowe�'s Copy. Borrower shall be given one conformed copy of'the Note and of this Security Instrument. 17. Transfer of tbe Property or A Heneflcial Inierest in Borrower. If aU ar any part of the Propeny or any interest in it is sold or transfened(or if a beneficial interest in Borrower is sold or transferred and Borcower is not a natural person)withnut Lcnder's prior written consent, l.ender may.at its option,reqaire 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 __ _i federal law as of the date of this Security Instrument. : If Lender exercises ihis option,Lender shall give Borrower notice of acceleration.Tiie notice shall provide a periad of nat less than 30days from the date ihe notite is delivered or mailed within which 8orrower must�ray all�ums secured by , this Secunly Instrument.If 9orrower fai{s to pay thesc sums prior to the exp�ration of ihis period. Lender may invoke any ' rcrr�edies permitted by this Security Instrument without further natice or demand on Borrower. ls.Borrawer's Rlght to Reinstate. If Borro�ver meets certam�onditions. Barrower shall have the right to have enforcement of this Secnrity Instrument discontinued at any time pric�r tc�the eariier of:(a)5 days(ot such other peri�d a. � appl�rabl,law may specify for reinstate:nen!)t►efore sale of the Pmpeny pursuant to any power��f tiale ronta�ned in th�� Secunt} tnstrument;�r(�)entry of a judgment enforcing ihu Se%ur�ty ?nstrumene l�hrne condition�are �hat I�ormwer: (a1 payti 1_ender all sums whtch Ihen w�iuld be due under thi� Secutity In�trument and the tia�tc had nn arcelerauun �Mrurred; Ib) cute5 any dePault e�P any other a��en;�ntti ur agrretnenls, Ic) payti ail et��en�eti incurred �n cnfe�rcinr thi� Secunty inctrument. �rtciuc�ing, but nnt innited [�, re�snnabie citte�rney�'fer�, anci ld) i:�kc� �u.h ;��h�•u a. I.ri��tr� n�ay � — reau�n.ibiy require t� a��ure �h.�t thc licn i�f'th�� Sccurity In��rument. Lender'� np,ht� in ii�c Pr��rr�� c�n�) l;rrr��«cr'. � �+h�I��r��F��n [c► ra} tite tium� �ecutcd hy th�ti ti��urriy Inalrumeat �h;e:! i<,nt�nue un�h.�nEe�! I �+:rn re�n��:�t�tnr�;t t,� Fi.�trv,uer.thir 5c►unt} In�trumeni.�ni3 ti�e i�hl�{tan�,r��e��arcd hcrchy tih,�ll rcn,.n�i tull� rflr,inr.,.�t i��.�..rlt•r.ui.�n h.i�4 �•:i urrrd il�,ue•�.rr.th�t rrght tn tcin+tatr�h.:ll n��t�ippl� �n thc t��•�•f.��, elr:.ni•ni un�i�•� ��.�r.��•r.��•h• 1 �,�r �' � �