93109772 - Laserfiche WebLink

Browse

.. � '�'��.� �r.. a.., c-� .-- �� -—..__... rr� 93- iQ�z oondemnatlon or dher takin�oP any put of the Pruperty.or far conveyanue in iku of condann�tioa.�r+e kreby a�i�ned and — --- - --- :ls:lt w�ta l.tsrser. In the event of a total takin� of the Property.the proccr±• +�hall !x applled to the wms �ecurcd by�hi�5ecurity Instiument,whether or not then due,with a►ry excess pa�id to Rartowcr. In ttte event of u partial alcin�of the Pn�perry in which the f�ir muket v�lue of the PropeRy imme�iately beforc the t�{cing is rywl to ar�rc�ter tFwn�he�mount of t!�Rums �ecu�ed by this Security fnswment immediutely beforc thc taking,unkss Born�wer wNi Lcrukr whcrwl�c a�iee in writiog, t}�e�umc�ecured by this Security Irutrument xhall be rcduced by the amouat of the praYeds muldplied by the followin� � fraction. (e)the tanl�maunt of the xums Recured immediatcly befrxc thc tulcing,divldal by(b)the fnir maiket v�luc of the �j Properry itnmcdiAtely befarc the taking. Any bwlance :hall be pKid tu R�xrower. In the evrnt of�puti�l wking of thc Prope�ty )n whkh the falr madcet value of tho Propcny immediately bcforc tiu taking is less than the amount of thK sums secured immediotely before the tAicing. unless Borrower�nd Lender othctwiee ogree !n writing at unlesr.applicAble law j oti�envise provides,the pra�eeds shwll be�pplied ro the wms securcd by this Sccurity Insuument whether or not the swiu�ro then due. If thc Property is abw�doned by Bomower,or if,after notice by I.ender to Borrower that thc condemnor ofFers to maka an award ot settic a clufm for damages,Bamwer fails to rexpond ro Lcndcr within 30 days afrer the dute the notice is gtven, � l.ender is Authorized to collect and apply the procoeds,at its ciption,either to rcstorution or rcpatr of thc P�+�erty or to thc sum�secured by this Sccurity Instrumen�whether or not then due. Unless Lender and Borrower otherwlse agrce in writing,any rpplicc►tion of proceeds to priacipul shall not extend or postpone thc due date of the mnnthly paymcnts referted to in paragraphs l and 2 or change the artwunt of such payments. I1. Borrower Not Rekaced; Forbcat�smce By I.ender Not A Watvet: Extension of thc tlmc for payment or modification of xrnartiration of the sums secure�by this Security Instniment granted by Lender to any successor in inter�est of Bormwer shall not operate to releASe thc liability uf the ariginal Borrower or Borrower z successo�s in interest. l.endcr shall rwt be �equited ro commence proceedings against wiy xuccessor in interest or refuse to extend ame for payment or othcrwlse modify amortizetlon of the sums secured by this Security Instrument by reason of any demand made by thc odginal Borrower or Borrower`s successocs in interest. Any forbeannce by Lender in exercising any right or rcmedy shall not be a _— — waiver of or preclude the exe�zisr of any right or remedy. 12. Successors and AssiQns Baund;Joint and Several Li�bility;Casigners. The covenunts wid agreements of this Socuriry Instnur�ent shall bind and benefit the successors:uid atisigns of Lender�nd Hortower,subject to the provisions of — paragraph 17. Borrower§covenants and agcrements shall be joint and several. Any BoROwer who casigns this Security - lnsaument but does not execute the Note: (a)is casigning this Security Insuument only to mongage.grnnt and convey that $ortower�s interrst in the Property under the tem�s of this Secudty Instrument; (b)is not personaily obligated to pay the sums - secured by this Security Instrument:and(c)agrces that Lender und any other Borrower muy agree to rxtend.modify,forbe�u or make su►y accommodutions with regard to the terms of this Security Instniment or the Note wjttwut that Borrower� - —� consent. � ' 13. Loan Clwr�es. If the loan secured by this Security Instrument is subject to a law which sets maximum loan •----• - charges,and that law•is ftnally intetpreted so that the interest or other loun cha�es collected or to bc collected in connectiott '°-c: with the loan excced the permitted limits,then: (u)any such loan charge shall be reduced by the amou�t necessary to reduce the eharge to the permitted limit;and(b)Any sums al�+eudy collected from Borrower wl»ch exceeded permitted IimiGti will be ;:;y refunded to Barower. l.ender may choose tu make this refund by reducing the principul owed under the Note or by muking a -� direct payment to Borrower. If a refund mducrs principal,the reduction witl be tmAted us u partial prepayment without uny ,.:�..� prepayment charge undcr the Notc. � 14. Notkes. Any notice to Borrower provided fcx in this Security Intitniment shall be givcn by dclivering it or by .':� rttailing it by first cluss mail unless applicablc law requires uxe of another methad.The notice shall be dicected to the Property � Addcess or any other address Borcower designutes by notice ro Lender. Any notice to Lender shall be given by fint c12cs — mail to L.ender's address stated herein or any othcr address Lender cksignuteti by notice to Borrower. Any notice provided for _�.� ; in this Sxurity instrument shall be deemed to have becn given tu Borrower or Lender whcn given ac provided in this , P�S�Ph• 15. Governing l.pw; Severability. This Sccurity In+trument ,hatl be: govcr�ud by fedcrc�l law and thc luw of thc jurisdiction in which the Property is lacated. In the event that uny provision or cl•ru,e of this Security Instnirnent or the Note conflicts with applicable law.,uch cont7ict shall not uffect other pmvisions of this Security Inst�ument or the Note which can be given effect without the conflicting provision. To this end the provisionti of this Security intitrument and the Note are -'� declared to be severable. ;{1 16. Borrower's Copy. Bortower shall be given one wnformed copy of ttie Note and af thiti Security lnurument. 17. 1FAnsier ot the Property or�Beneticial Interest in Borrower. If all or�my p:ut of thc Propeny or any interest in it is sold or transfetred(or if a beneftcial interest in Borrowcr ix zolJ ur trantifemd ;uid Borniwer is not a nutural person) --_ —_ without Lender's prior written coment,Lendcr may,at its option,requirc imm¢diate paymcnt in fuU of all sums serumd by � this Securiry Insuvment. However,this optian shall not be exerciseJ by Lender if exercise is prohibited by federul law as of —%___� the date of this Security Instn►mcnt. - ---__� If Lender exercises this option,Ixnder shall give Borrowcr noticc uf accelcratiun. The noticc tihall providc a period of — not Iess than 30 duys from the date the notice is delivercd or muilcd within which Botmwer must pay all wms serured by this ��:�v� Securiry Inswment. lf Bcxcower fails to pay thcse sums prior to thc expirution of this period. Lender may invoke �ny , t+emodies permitted by this 5ecurity lnstrument without further notice ar demand on BoROwer. 18. Borrower'y Right to Reinstate. if Bortower meets ceriain conditiuns, Barrower shall have the right to huve �=; enfoccement of this Security Instrument discontinued at any time prior ta the earlier af: (a15 duys lor such other period ac � -�; Sin�k Famfly--Fw�k M�elEYNdk Mx UNIFORM INtiTRUNEtiT••l;niformCovenantx 119� (puge��y'A�ruges!