89106797 - Laserfiche WebLink

Browse

` I � �9�- 106`�9� �" 1`i.ender required mortQAge insura�ice a►s a conditian ot making the loan secured by thiq Security Instrument. 1 Borra�er sh�ll p�y the ptemiums required to maintain the insurance in eflect until such time as the requirement for the iasurance terminates in accordanca w�th Barrowcr's and Lender's written agrecment ar upplicatslc law. 8. Ia�peCtloA. I.Chder or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Barrower notice at the time of or prior ta an inspertion specifying reasvnable cauce for the inspection. 9. Condemnatlon. The proceeds of any award or claim for damages.direct or consequential,in connection with any condemnation or other taking of any part af the Property. or for canveyance in lieu of condemnatinn,are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property. the proceeds sha11 be applied to the sums secured by this Securily � lnstrument,whether ar not then due,with any excess paid to Borrower. In the event of a partial taking af the Property, � � unless Bonower and Lender atherwise agree in writing,the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fractian:(a)the total amount af the sums secured immediately btfore the taking,divided by(b)the fair market value of the Pro�rty immediately before the taking.Any balance shall be paid to Borrower. If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnar otf'ers to make an award or settle a claim for damages,Honower fails to respond to Lender within 30 days after the date the notice is given,Lender is suthorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums secured by this Security]nstrument,whether or not then due. Unless Lender and Bonower otherwise agree in writing,any application af praceeds to princiFal shali not extend or ; postpone the due date of the monthly payments referred to in paragraphs l and 2 or change the amo�nt of such payments. 10. Bonowe� Not Released; Forbear�nce By I.ender Not a Waiver. Eatension of the time for payment or modification of amortization of ihe sums secured by this Security instrument granted by Lender to any successar in interest of Borrower shall not operate to release the liability of the ariginal Borrower or Bonower's successors in interest. � Lender shall not be reyuired to commence proceedings against any successor in interest or refuse ta extend time for ' payment or otherwise�nodify amortization of the sums secured by this Security lnstrument by reason of any demand made by the original Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any right Qr semedy shall not be a waiver of or preclude the exercise of any right ar remedy. il. Successors�nd Assl�os Bound;Joiet and Se`enl Li�bility;Casigners. The covenants and agreements of � � this Security Instrumeret shal)bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions � of parngraph 17.Borrawer's covenants and agreements shall be joint and several.Any Bonawer Rho co-signs this Security Instrument but does not execute the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey � A •� •' D a.r C C I •.I 1: / t' ' ' Z�i�Z '3!i'Ji��:� iRtL'iC.�"a iia=}i�,a i^v'^��ay Lnd�r il:�=Ci1i3^a aa t�Si�w:Ji3fft3'aii:tiiLfi`��Ti��al��T�at i;..r°.:.r..^��j'O�S��^Stlti tC�°� `.. 1.:;�= the sums secured by this Security lnstrument;and(c)agrees that Lender and any other Borrower may agra to eatend, . _ . _ : modify,forbear or make any accommodations with regard to the[erms oi'this Security Instrument or the Note without - that Borrower's consent. � ' 12. Loan Gl�uges. If the loan secured by this Security lnstrument is subject to a law which sets maximum loan = charges, and that law is finally interpreted so that the interest or other loan charges colleeted or to be collected in ; ; connection with the loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded ' permitted limits will be refunded to Borrower. Lender may choose to make this resund by reducing the principal owed � � under the Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. I.egislation Affecting Lender's Rlghts. 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 require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies � permitted by paragraph 1�.If Lender eaercises this option,I.ender shall take the steps specified in the second paragraph of paragraph 17. � � l�. ;Votiees. Any notice to Borrower provided for in this Security Instrument sha11 be given by delivering it or by - mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the :��',- ' Property Address or any other address Honower designates by notice to Lender. Any notice to Lender sha11 be given by � � first class mail to L.ender's address stated herein ar any other address Lender designates by notice to Borrower.Any notice provided for in this Security Instrument shall be dcemed to have been given to Borrower or Lender when given as provided _ . in this paragraph. ' 15. Governing I.aw;Severahility. This Security Instrument shall be governed by federal law and the law of the jurisdictian in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with agplicable law.such con8ict shall not affect other provisions of this Security Fnstrument or the Note which can be given effect without the conflicting provision.Ta this end the provisions af this Security Instrument and the � Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the I�ote and oi'this Security Instrument. 17. Transfer of the Property or �BeneScial Interest in Borrower. lf all or any part ef the Property or any interest in it is sold or transferred(or if a beneficia3 interest in Borrower is sold or transferred and Bonower is not a natural person)without Lender's prior written consent, Ixnder may,at its option, require immediate payment in full of al1 sums secured by this 5ecurity Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. ,---_—- -_ If Lendet exercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period • of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all�ums secured by this Security Instrument. lf Borrower fails to pay these sums prior to the expiration of this penod.Lender may invoke any rcmedies permitted by this Security Instrument without further notice or demand on Borrower. , l8.Bonow4r's Right to Reinstate. If Borrower meets certain cor.ditions. Borrower shall have the right to ha�•e enforcement of this Security Instrument discontinued at any time prior to the earlier of:(a)5 days(or such other perind as � � applicable law• may specify for reinstatement)before sale of the Propert}• pursuant to any power of sale cnntained in this Security lnstrument;or(b)entry of a judgment enforcing th�s SecunSy Instrument. Thase conditions are that Rorrower� (a) pays Lender �ll sums w•hteh then would be due under this Secur�ty Instrument and the Nnte had no acceleration nc�urred. (b) cures at�y default uf any c�ther co�en�nts c�r agreemenis; (c) pays all rxpenseti �ncurred m enforcing th�ti �" � Srcur�ty in5trument, mciuding, hut not i�mrted tri, reasanable attorneyti' fers: and (d►take��uch act�nn ati l.cnder may � re��mably requ�rr tn a�wre �hat the hen ��f this Secunty In�trumcnt. i.ender'c nght� m the Pmperty� and H�rro�ti�er't , �, ��hhgau��n tu pay Ihe tium� �rrured by Ihiti Scrurity Intitrumcnt tihal) amttnue unchanEcd l'��m rcin�i:itemrnt hy �-� - H��rriiuer.Ifii,tie�unty Intitrumrnt and the i�hh�;ahi�riti secured herehy�hatl rernam folly eflecti�e a�rf�nn acreleratu�n had �K�urred 1l��we�e•r.th��n�ht t�r rem�tatc tihall n��t;it�ply �n thr��itie nf ar�rlet:it��m unde•t�+��r;i�;r.��l�. i z��r I� �