99105080 - Laserfiche WebLink

Browse

gg-1c�saso paymcat� may no tonger be reynired, ac [he tion of Lender, if moz[g.�e insuranc toverage (in the amouot.uid for d�e}x:riod [ha[ Lender requires) pr�vi�ied by an insurer pproveti by Len�ier again becomes a ailable and �s obwmecl, Bexrower shall pay �he premium� required w maintain mongage i surance in efiect, or u�prvvide a loss resecve, unul the requuement for mottgage insurance ends in accordsnce witi�any wrietea eement fietween Borrower and i,end r or applicable law. 9. ln�pection. I,ender nr its agenc may make r��nable entries upon and in. tions c�f the Property. l.ender shalt give Burrower notice at the time of or prior to an in ection specifying reasonabtc cause fo the inspecuon. 19. Cone�emrrotion. Thc prcx;eeds of y awa�r�3 pr claim �or dvna�es, d' a con5equen��a1, in wnnec;cion wich any condemnat,on c�r ocher rakmg of any pare of e Property, or fox conveyance in !ie of cottdca�nauUn, ,ue hereby assigned and shali be p2id to Lender. Tn t!►e event of a total taking of che Pro , the praceeds shall be�ipplied to cums securect by this Sec;urity Insvument, whether or not theu due, with any cxEess pui w Barrower. In the event of a part al tHlcing of the Property in which the fair market �alue uf the Prc�perry immediacely be re the u�king is equal to or greeter an the amount of the sums secured by this Securiry Insrrument immecii�tely bef�re the ing, unlcss Borrower t+n�I Lender oth i9e agre� in writ�ng, �he sums sccured by this Sc;curity Ins�sment shalt he reduced by �e amounc of che pmceed.c muttipli d by thr. tollowing fraction: (8) the t,utal a�nount of t1�e sum.c accured immediw►tcly bef re the tsking, diviAcA by {h) �r f� matket vaine of [he Propc,'rty immedi•rteiy before the raking. Any baHancc shali be pai� c6 Barmwer. In the event ot' a p� '• taking of the Froperry in which the feir market v;�ue of the Properry unmediatcly bet e the wlcing is les.a than che smount f the sums secured 'unmedia�ely bef4re the raking, unless Barrc�wer aAd Lcnder vthcxwi agret in writing or unl�ss apptic;�ble l�iw otherwise provedes, d►e pra:eeds shall be applied to the sums sec;ured by ihis Secu»ty st�ument whether ar not che sum9 are then��. If the Fro�erEy is xErandcxiai by Bflrrowe, or if, aftcr notice by Lender-co Bor ower that �hc cortdertrnor offers ca make an award or se�de •r clniin for damages, Borrow fails w raspond to Lender wiit►in 0 days atter che date t!u ncxice is given, Lender is authorized to colkx;t ancl app}y the eeds, at its option, either u�res[ora'cm or repair of chc Pra�erty �r to the sums secured by this Security lnstrument,whether nr not�he�due. Uoless Lcncler anEi $onower otherwise agree in writinb, �ny applic�ction o proceeds to princip�al shali not extend or postpone the due da�of the monthly payment� efEnecl w in paragcnphs 1 and 2 or ch ge the ame�unt of such poyments. Z1. Borrower Not.Reteased;FoFbeuF By I,epder Ne�a Waiver. Exicns of the time for payment c�r mcxiification of amoruzau�n of thc sum��eeureti by rhis S urity Instrument granlect by Lendrr any succe�.sc�r in interest oI'.Borruwer shall ' not Operate w relwse tbe-liability of the arig' SDrrow�r�r Bonrowec's successor in interest. Lencler shall not be required w commence proc;eedings against any successor � interest or refuse to excend ume for payment or otherwi.ee mexiify amortization of the sums sccurcct by this Secunty Ins nt hy reason of any demand ma hy the ofiginsl Borr�wer or BoFrower's sucCessors in tnte�est. Any fotbearancc by L d�r in exercising any right or reme y shail nut bc: a waiver of or prectude U�e ex�cise of any right or remeAy. 12. Succesu�ors and Assigns Bound; J int and Several Liability; Co-sign . The co�enants ,u�d agreements of this Sec:uriry Instrument shsll bind and benefit th successexs and assigns 0� Lencler • d Borrowec, subjcu to tl�e_provisions of pazagraph 17. Borrower's covenants and �r ents shatt b� joint and severel. ny Borrower who cc�-signs ch�s Security inslrument but does noc execuce the Nq�e: (a) is co-signin� chis Security Tnstrume t only to murtg�e. grant and cemvey that $orrower's in[erest in [he Praperty under the ms of�his Security lnsorument; (b) �s ovt perscmally obligated tq pay the Sums secured hy ihu Sccurity insaument; and(c) ees thae Lendcx and Any other Bono er mey�ree�o extend, mOdify, fcxbear or make any accommaladons with regard to the t s of U�is Securiry Insrorument or the ote without thut Borrower's consent. 13. C.oan Ctwrges. If the losn secured this Secucity Ins�ttment is suhject t a.law whiCh sets maximam loan charges. and chac law is finalty iatcrpreteti s� [hac the terest or othtr loan cbar�es collec:te or to tse c�llected in connecpon with the l0an eacc;e�c! the permitoed limits, then: (a) any sucb lvan charge shalt be rrduced by Ihe emount nec;ess�uy to ccduce ctte chargc to �he pumitleA limik und{b) �u►y sums alr y collected [rom Bonrower which ex eeded permitted limits will be refunded tn Borrower. L,ender may choose to make thu fund by redncing dre princip�l ow under the Nnte or by making a dicect paymcnt W Borrower. If a xefund reduces inc►pal, the reciucti�n will be cr as a parual prepayment withouc �ny prepayment charge enda che Notc. 14. Notices. Any nouce to Borrower pro uleci for in this Security Ins�rument s a11 be given by delivering it �r by mailing ic by Crs( Clegs mail unless �tpplic;�ble iaw req ires use of an+other medabct. 'I'he rtoti shal! be direcLCd to the Rvperty Addcess or any other address norrower designa�es by notiee to Lender. Any notice co dex shall be given by first clags mai! to Lender's address slatcci hecein or any ather a ss Lender designates by epEit;e to oirower. Any notice provided fur �n this Security Insvumenrshatl be deemcd to havc given to Borrower or Lender when g ven as pr�vided in this pacagraph. 1S. Covern�ng �,ew; Severability. T'hi Securiry tnstrument sh.ill be g�v ed by federai law ��d the lxw of the jurisdicuon in which the Propezty is loc:atecl. �n the event rhat any provision or cla se ot this Security Tnstrun►ern or the 1�1ote c�ntlices with a�licaWe law, sueh contl�ic:t sh• nc�t affect c�ther provisions of this S urity Inseument or the Ne>ce which can bc given effect without d�e confiicting provisicu�. To tf�is cnd the provisions of this S urity Instrument nnd the Note .�re declAred to be severable. 16. Borrower's Co�. Borrower sttatl b�given o�ccmfrumed copy o(`the N� and of this Security Tnstrumen� Pwm 3028 9/90 �-8i11NE1 t�z�ii.o� � ape�ol e �n;�i•lat MFNE911! •02197 102AA714 .