95104296 - Laserfiche WebLink

Browse

�t,"` ., . . __ ___ ��•iati`� ' .,:.:.:.',�..... . . . ... ...... .,_�� v�•'� . . . �+�5-Z. � piyments may no lang�r be requircd,at tha option of Lcnder.if mortguge insurunce cqvernge(ia tho nmount a��riod �-_ that i.ender requirc.g) pr�vlded�y cui Lisuree appravcti by I�ndcr again bcQames uvaituLic ui«i i5 aLtair��d. �.;rnst*!cr h3�rs4.F.y the psemiums.requiad ta maintaim m�rtgugo In�uw.uacc t�i effect,or tc�provide a loss reserve,until the requiremcnt for mortgage Insurasice ends in accardance vuith any wdtten ogreemcnt betwcen Boreower w�d L.ender os applicublc luw. g,Ingpection.I.ender or its c►gent may mako reasonuble entries upon and inspections of the Pra�ty.Lender xha[I give }br[owcr rtuttca nt the time of or priar to an Mspectlan speciFyipg reusonable cnuse for the Inspectlon. 10. Cottdemaatlon. The procee�is of i�ny uward or cluim fur dunu+ges,diren or consequential. in cunnccttan with any condemn�t4fon or ather taking af uny purt uf thG Propeny.or tor conveyunue in lieu of coixl��imattan. urc itcrchy ussigned nnd = shall bc paid to Lcnacr. In the c;vcnt of n tatAl�aking of the Property. �he pracecds shall be upplied to the sums secure�by this Securlty Instn�ment. whether or not then due. wlth any cxcesg paid to Borrower. in the event of u purti�l taking of the Property !n which the fair �iuuket v�lue of the Praperty immediAtety before the taking ia equnl to or greuter than tho uartount of the sums scrured by this 5erurity Instrument imme�iately before thc taklns.unless Harrower and I.ender otherwlse agree in writing,the sums secured by thla Securlty Instcument shail be trduced by the smannt of tho procec�s multipliecl by th� foliowing fruction: (a) tha totat -- - umount of the sums scxured immediately before the taking. divided by (b)the faIr market vulue of tho Property immediately before thc tnking. Any b�lence shall be puId to Borrower. in the event nf u partial taking of the Pra�srty in which the fair market value of the Property immediately before thc taking is less thAn the amount of the sums sesurec!immeriiately before the teking, uniess Borrower und I.ender otherwIse agree in wrlting or unless applIcuble!aw otherwise provides.the praceeds shall be applied to the sums securcd by this Securtty Insuument whether or nat ifie swns are then due. If the Properry is ahandoned by Borrawer.ar if,after notice by Lender to Borrower that the candemnor offers w mms►ke an awtu+d or settle u cls�m for damnges. Borrower fails to respond to l.ender within 30 days ufter the date the nodce is given. I.Pncier is audwtitxxl tu colttii aAd 3pply iliC pcoeeec3s,at its option, elther to restoration or repair nf the Pmperty or to the sums secured by this Security Instrument,whether or not then due. - Unless Lender and Borcower othenvise ngre� in writing. any application of procecds to prlrtcipal shaq not extend or postpone the due dnce of the monthly puyments referred to in paragraphs 1 and 2 or change the amount of such payments. 11.Borrower Not Released;Forbearunce By Lender Not a Waiver.Extension of the tlme for payment ot modificatIon of amoni�atian of the sums secured by this Securiry Instruinent granted by Lender to uny successor in interest af Borrower shail not operate to release the liability of the original Borrawer or Borrower's successors in interest. L.ender shal!not be requlred to �ommence proceedings against t+ny successor in interest or refi�se to extend time for pay�ment or otherwise mc�dify amortizadon of the sums secured by this Sccurity Insuument by reason af any demnnd made b�� the ortginal Boaower or Borrower's �__ �,��r�s,orc in Interest. Any forbeurunce by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any dgdt ar r�emedy. I2. SnoceSSOrs and Assigns Bound;Joint and Several Liebflity; Co-signers. The covenants and agrexments of this _ Securlty InstcumeUt shal! bind and benefit the successors and assigns of Lender and Homower. subject to the provisIons of - paragraph 17. Borrower's covenants and usreemenu shall be joint nnci severul. Any Borrower who co-signs this Security _�_ Instrument but does not execute the Note: (a)is co-si�ning this Secur�ty Instrument only to mortgage,grant ttnd convey that �__ Borrower's interest ln the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums � secured by this Security IInstntment;and(c)a�rees that Lender and any other Borrower may asree tu extend.modify,fotbear or � make any accommodations with regard to the terms of this Secudty Instrument or the Note without thut Barrower's cansent. 13.Lonn C es.If the loan secureci b this Securi Instrument is sub ect to u luw which sets maximum loan charges, �=`z� harg Y h+ j �:u•= and that law is finally interpreted so that the interest or other loan char�es collected or to be collected in connection with the u� loan exceed the permitted limits.then: (a)any such loan charge shall be reduced by the umount necessary to reduce the rhurge �,:��`� to the permitted limit;and(b)eny sums already wllected from Borro�ver which excceded permitted limits wip be mfunded to P':� Borrowsr. [.ender muy ctioose to make this rePond by reducing the ptincipal owed under the Note or by makin� a direct -_ payment to Borrower. If n refund reduces principal, the reduction will be tmuted as a partial prepayment without uny _ prepayment churge under the Note. '=I 14.Notices. Any noti:e to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing ,��.: it by first class mail unless applicable law requlres use of a��other method. The notice shall be directed to the Property Address ' ;' or arryr other address Borrower designutes by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's uddress swted hcreln or any other address Lender designates by noticc ta Borrower. Any notice provided for in this _ Sfxur�ry instn�ment chnll be deemeii to have been given to Hotrower or Lender when given as provided in this parngrnRh• „ 15.Governing Law; Severability. This Security Instrument shall be governed by tedcral luw and the law of the jurisdictlon in which the Pruperty is located. In the event that any provision or clau�e of this Security Instrument or the Note confl{cts with applicable law. �uch conflict shall not affect other provisions of this Securlty Instrument or the Note which can be .;�;� given effett wlthout the conflicting provision.To this end the provisions of this Security Instrument and the Note are declare� �' '�� to be severable. '':�`'- 16.Borro�ver's Copy. Borrower shull be given one mnformed copy of the Note and of this SccurSty Instrument. • Form 3028 8/90 Popo 4 of 8 !'��;. �:'I�.. � � - - ��.Y.,,.__ •T t ' . ... ' - r—�..._ ..._.,.-._. ..�w+.yr v":t-�f�.*mw�+�-'.�ro - ,:�'..u� � .,..y,.�—, '__ . .- • -�,. . . r � ..,� ' -^my�4: ..� „_._ �. ,. , . . . _ . .-- -- — ---.- ---- — - -- ---