89106457 - Laserfiche WebLink

Browse

- � � ! � i � RE•�ECORpL� a � �9'"' l 0645'7 �,.89' 106412 � If 9.znder required mort�a�e insuranse s+a conditlan of m�kin�the 2oen sesure� by this Security Inetrument, Borrower�hal!pay the premiumt rcquired to maintun the inwrance in eRect untll�uch time a�the requirement for the insurance tenminata in atcordance w�ith BonoMer'o snd Lrnder's�vrlttrn�sreemau or applicsbte la�v. a. IssMedoa. Lender or its aj+erit msy m�lce rasonable entria upon tnd inspection�of the Property. Lender ihalt pve Borro�er t�otice�t the tittse af or priar to�n inspectian specifyit�Q ce�ts�n�b3e cause for the insprcdun. � 9. Co�da�iuHor. The proceeds of any�MUd or cldm for dams�a�dlrxt or consequ'ntial,In connection�vith I aoy oondemAUion or other takln�of any part of the Property. or for conveyaace in lleu of coademnation�ue hereby �aip�ed and�h�ll be paid to Lendu. Ia the event of a total takin�of the Pmperty,the procceds ehall be applied to the sums�ecured by this Secudty Jnstrumait,�vhetber or not then due,�vith any exoa�paid to Homower. In the eveat of a p�rtltl takin�of tbe Property. unlar HorroMer and I.endcr ather�vlu s=ree in w�ritinj,the swn��ecwed by thi�Sacwity Inttrumesit shtll be redaoed by the�mount of the procxed�multlplied by the follow►inj frutlon:(a)the total unount oP the aums�ecured ima�edistely before the t�kin�dlvided by(b)the fair market value of the Property immediately before the taking.Any balance ehaU be paid to BorroMer. if the Pmperty is abandoned by Horrowee�or if,after notire by I.ender to Horrower that the coademnor o�'ers to a�alce aA aw►ud or settle a claim for damasa�Borroaer fails to rapond to Lender witbin 30 daye atter the date the notice ls �ivm,Lender is authorized to collect and�pply the praceed�.at its option,either to re�tontion or repair of the Property or to the wms teeured by thi�Security Instrument,ahether or not theA due. Unlas L�ender and Borcower other�vlse a�ca in wrltin��any spplieation of�roeeeda to principal shall not eactend ar postpone the due dtte of the monthly p�ymrnts referred ta in pars�raphs 1 and 2 ar chan�e the smaunt of�uch payments. : 10. Hon+oaa Not Aeka�d; Forbe�r�sce Hy Leade� Not • Wd�er. Eatmaion of the time f�payment or modlsption of amortizarion of the sums secured by this Sxwity Instrnment granted by Lender to wy. successor in interat of Horro�er ahall not operate to relaae tbe liability of the origlnal Borrower or Borrower•s succaswrs in intera� Lender shall not be roquired to commence proccediap against any auccessor in interat or refiue to extend time for paymeat or othtnviae modiAy amortization of the sums secwed by this Security Instrumtnt by reason of any demand made by tbe oristnal Borro�ver or Borr��ru's succes�ors in iaterat.My forbanna by Lender in eaercising any ri�ht or remedy shall aot be s Mdver of or preclude the Wcercise of u�y ri�ht or remedy. 11. S�ors ud AMlpr Hor�Joiat�d S�tenl L1abWt�,Co-�iperi. The covenant�and a�rdements of thls Seourlty Instrument sbaU bind u�d beadlt the sucreswn and usi�n�of Lender and Borrower�subject to the provisions of par�p�aph 17.Horr�oMa•�cavenanu aad asra:nenU�hsll be joint and several.Any Borro�er�ho co-sip�s this Security Instrumait bnt doa not exxute the Note:(�)is co-�ip�ina tb�t Securlty Instruma�t only to mortaase.grant�nd convey . � thst HonoMer'�interat ia the Property under the terms of thi�Socurity Instrumeat;(b)Is not perwnally oblipted to psy • the sums�ecwed by thi�Security lnitrumrnt;and(a)a�rea tbat I.ender and any other 8orroMer may ajra to eatead, ; '' �_ . me�difb,f�r�e nr maice anv a�rnemm�AaNnrR�rith r�erl tn��t�r,na e�P tl�ia Gnnrit�Tnatn�*n�nt�r ti�w N�2�aritl�^�t ?- ' t�t HOfldlY�f'!COQiC11t. �_ 12. Las C7�e�a. If the loui�acured by this Security In�trument is subjeet to s law which eets muimnm loan ; _ �har�a. and that 4� u }Inally interpnted �o that tbe lnterat or otber lou� chusa collected or to be collxted in � _ � connectio� w►ith the loui eaceed tbe permitted limits, tbar (s) any such loan char�e ahall be reduced by the amount � - neoaiary to reduce the char�e to the permitted limit;and(b)any sums alrady collxted from Horrower ahich exceeded perniitted limiu wlll be�nded to BorroMa. Lender may choou to make thie rePond by reduciug the princip�l owed �: under the Note or by mskin�a direct psymeat to Borrower.If a rett�nd reduca principsl,the roduction will be treated as� j partial prepayment�vithout any prepayment ch�r je unda the Nots. 13. LpdLdow AlfecH� Leader'� Ri�b. If enactment or ezpirsdon of applicable lawi has the elfect of renderin=any provuion of the Note or this Security Imtrument unenforceable according to its terms�Lender,at its option, msy require immediate payment in full of all tums tecured by this Security lnatrument and may invoke�tny remedies � , permitted by pan�raph 19.If Lender eacercises thi�option,Lender�hall take the ateps tpeciAed in the aecond p�ragraph of ! • Para�r�►Ph 17. • 14. Notl�a. My noria to BorroMer provided for in this Security Instrument shall be given by delivering it or by * mdlin�it by Arst cla�s mW unlas applicable lsw requires use of another mahod. 'The notice sh�ll be directed to the �:"�� � Property Addras or ariy other addreas Bomo�er daiputa by notice to Lendet.Any notice to Lender shsll be given by '. 3,` flnt clau mail to Leader's address ststed haein or an�r other addras Lender designates by notia to Borrower.Any notia � . providal fbr in thia Security Insuument shall be damed to have ban given to Horrower or Lender when given as provided � : in thi:P�i�Ph. is. Gqfersi�Lw;&�erability. This Security Instrument shall be governed by fcderal law and the law of the jtsri�diction in Nhich the Property is locaud ln the evtnt that any provision or clause of this Security Instrument or the Nou conliicts with applicable lsw�auch con9ict shall not�ect other provisions of this Security Instrument or the Note which�an be pvea dFect�vithout the conlfictinQ provision.To this end the provisions of this Security Inatrument and the Nflte are decl�red to be sevenbk. 16. Hoero�rer's Co�y. BorroMer ahall be�iven oae conformed copy of the Note utd of this Security Instru:nent. 17. Trwter ot the Pro�erty or a He��&i�l Iaterat ts Horrower. If�11 or sny put of the Property or any interest in it is sold or traasferred(or if a beneRclsl interat in Borrower is sold or transfened end Horrower is not a natural person)without Lender's prior written consent, Lender may.at iu option.require immediate payment in full of all sums aecured by this Security Instrument. However. this option shsll not be exercised by Lender if exercise is prohibited by federal law as of the date of thia Security Instrument. If Lender exercisa this option,Lendcr shall�ive Borrower notice of acceleration.The notice shsll provide a period ---�- - of not las than 30 dsyt from the dste the notia is delivered or mailed within which Borrower must pay�11 eums secured by ' thit Secwity Insuument.If Borrower fails to psy thae sums prior to the expiration of this period,l.ender may invokt any remedies pe�mitted by thii Security Instrument without further notice or demand on Sorrower. i�.�otrowrr'�Rl�6t to Rei�tate. If Borrower mata certain conditions, Borrower shaJl have the right to have � enforcement of this Security Instrument discontinued at any time prior to the earlibr of:(�)S days(or such other period u applicable lsw tnay spetify for reinsutcment)before sde of the Property pursuant to�ny power of salc contained in this � Sawrity Instrument;or(b)entry of a judgment enforcin�this Security Instrument. Thc�se conditians are that Borrower: � � (s) pay� Lender all sums which then would be due under this Seeurity insttument and the Note had no acceleration occurnd; (b)cures any default of any other covenants or agraments; (c) pays ail expenses incurred in enforcing this � ;. Secutity Instrument. includinQ, but not limittd to, rason�ble attorneys' fee9; and (d) takes such action as Lender msy � rasonably require to assure that the lien of this Security Instrument, Lender's nghts in the Property end Bonower's abli�stian to pay the sums �crurc� by this Suurity Instrument shal! co�tsauc unshangtd. Upan re�nstatement by '.- Borrowtr,this Secunty Instrument end the obli�stv�ns stcured hereDy shal!rema�n fully effectrve es iP no accelerat�on had '• ° occutrtd.Howe�er,thts nght to re�nstate shall not ap�ty m the case of accelerat�on under paragrephs 13 or i 7 �