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89106493
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Last modified
3/7/2012 4:15:38 PM
Creation date
10/20/2005 10:21:04 PM
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DEEDS
Inst Number
89106493
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=: <br /> . I � <br /> ��- 14649� <br /> � ]f Lender � uired mortgage insur�nce as � canditic�n of making the laan secured hy this Security Instrument. <br /> Hor(ower s}i��y,y"��rremium�r�qui�eci�o maintaitt th�i�sura�co i�e�'ect amil s��ch time�a�h��equirem�nt f��tha <br /> insurar�ce termitMtes•in accardance with Rarrawer's and l.ender's written agreement ar Applicable law. <br /> S. I�tp�tl�n. Lender or its agent may make reasonabte enlries upon And inspectians of the Pmperty. Lender <br /> shall give Bc�trower notice at the time of or priar to un inspectian speciPying reusonable cause Por the inspection. <br /> 9. Condemnation. The praceeds of any award or claim for damages,direct or consequential.in connection with <br /> any candemnation ar other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby <br /> . assigned and shall be paid to Lender. <br /> � In the event of a total takin�oP ihe Praperty, the proceeds shall be applied ta the sums secured by this Security <br /> Instrument,whether or not then due,with any eacess paid to Barrower.In the event of a partial taking of the Property, <br /> unless Borrower and Lender otherwise agree in writing,the sums secured by this Security I�strument shall be reduced by <br /> the amount of the proceeds multiplied by the following fruction: (a)the total amount of the sums secured immediately <br /> beforc the taking�divided by(b)the fair market value of the Property immediately before the taking.Any balance shall be <br /> paid to Horrower. <br /> If tho Property is abandoned by Bonower,or if,after notice b�� Ixnder ta Banower that the condemnor oSers to <br /> make an award or settle a claim for dacenages,Borrower fails to respond to Lender within 30 days after the date the notice is <br /> ' given,Lender is authorized to collect and apply the proceeds.at its option,either to restoration or repair of the Property or <br /> to the sums secured by this Security lnstrument,whether or not then due. � <br /> Unless Lender and Banower otherwise agree in writing,any application of proceeds to principal shall not extend or <br /> postpone the due date of the monthly payments referred bo in paragraphs 1 and 2 or change the amount of such payments. <br /> 10. Borro�ver Nat Released; Forbeuance By Lender \ot a W�iver. Extension of the time for payment or <br /> modification of amortization of the sums secured by this Security ]nstrument granted by Lender to any suce�ssor in <br /> interest of Borcower sha11 naE operate to release the tiability of the original Bonower or Borrower's successors in interest. <br /> Lender shall not be required to commence proceedings against any successor in interest or refuse ta extend time for <br /> payment ar otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made <br /> by the originai Borrower or Borrower's suceessors in interest.Any forbearance by Lender iat exercising any right or remedy <br />. shall not be a waiver of or preclude the eaercise of any right or remedy. . <br /> 11. Successors and AssIgns Bound;Joint and Severstl Listbility;Co-sigaers. The covenants and agreemenu of � <br /> this Security Instrumcnt shall bind and benefit the successors and assigns of Lender and Bonower,subject to the provisions • <br /> of paragraph 17.Horrower's covenanu and agreements shall be joint and several.Any Borrower who cc�-signs this Security <br /> Instrument but does not execute the Note: (a)is co-siAninR this Security Instrument onlv to mortaafte.arant and convev " <br /> � that Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally otsligated to pay ;:;�=_ <br /> the sums secured by this Security lnstrument; and(c)agrees that Lender and any other Borrower may agree to extend, � <br /> modify,forbear or make any accommodations with regard ta the terms of this Security Instrument or the Note without <br /> that Horrower's consent. <br /> 12. Loan ChArges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan � � <br />
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