88104568 - Laserfiche WebLink

Browse

88_104568 If Lender required mortgage insuranc. ..~ a condition of malting th. loan secured by this Security InstrumCllt, Borrow.r shall pay the premiums required to maintain the insurance in .ffect until such time lIS th. requirement for the insurance tenninates in accordance with Borrow.r's and Lender's written agreement or applicabl.law. I. IDlpectlon. Lend.r or its agent m.y make reasonabl. .ntries upon .nd inspections of the Property. Lend.r shall give Borrow.r notice Blth. time of or prior to an inspection specifying reasonable ca\IJC for the inspection. 9. CoIIdeam8don. Th. proceeds of any .ward or claim for dam.ges, direct or Consequential, in connection with any condemnation or other laking of any part of the Property, or for conv.yane.in lieu of comIemnation. are h.reby assigned and shall be paid 10 Lend.r. ; . In the evenl of. total taking of the Property, the proceeds sh.1I be applied to the sums !CJCUred by this Security Instrument, ...hether or notlhen duc, with .ny .XCCII paid to Borrower. In th. event of. partial taking of the Property, unl... Borrower and Lender otherwise .gree in ...riting. Ih. sums oecured by this Security Instrument shall be reduced by tb. amount of the proceeds multiplied by Ihe follo...ing fraction: (.) the IOtal amount of the sums !CJCUred immediately before Ibe taltins. divided by (b) the fair market valu. of th. Property immedi.I.ly before Ihe taking. Any balance shall be paid to Borrower. If th. Property is .ban<loncd by Borro...er, or if, aner nOlice by Lend.r to Borrow.r th.t the condemnor offers 10 malt. an a...ard or ICttl. . claim for dam.ges, Borro....r f.ils to respond to Lend.r within 30 days an.r the date the notice is given, Lender is .ulhoriud 10 collecl and .pply the proc:ccds,.t its ol'lion. .ith.r to restor.tion or repair ofth. Property or to the sums secured by this Security Inslrument, wheth.r or not then du.. Unless Lender and Borrower otherwise .gree in wriling, any applicallon of proceeds to principal shall not extend or postpone the due dale of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10. 1IcIrM_ Not Relcaed; ForlIearaace By Leader Not. WaI,.r, EXlension of the time for paym.nt or modification of amortization of the sum. secured by this Security Instrument granted by Lend.r 10 .ny successor in intCTCIt of Borrow.r sh.1I nol operale to r.lease the liability of the origin.1 Borrow.r or Borro...er's successors in int.rest. Lender sh.1l not be required to commence procccdinp .gatnSI .ny successor tn interest or refuse to extend lim. for paym.nt or otherwise modify .mortization of the .ums secured by thIS Secunty Instrument by reason of .IlY dem.nd made by lhe orilinal Borro..er or Borro...er'. succesaon in interest. Any forbearance by Lend.r in ..ercising any righl or remedy shall nol be . ...aiyer of or pra:lude the.xercise ohny riaht or remedy. 11. s.c--a... AIIlI- Road; JoIat ... SnenJ UahlIII)'; Co-a1pen. Th. coyenants .nd .greements of 1M Securily Instrument shall bind and bencftt the .uccesson .nd Ulians of Lender .nd Borro....r. subjecl to the provisions of pa.......ph 17. Borrower's coyenants.nd aarClCtllenll sh.1I be joint .nd ..v.r.l. Any Borrower ...ho co-sign. this Security Instrument but doco not execute the Note: (.) is co-signinathis Security Instrument only to mortgage, grant and CODY.y lhal Borro...er's inten"t in Ih. Property under the t.rms of thi. Security Inslrument; (b) is nol penonally obligaled 10 pay Ihe .ulIIIlCCured by thi. Security Inslrument; .nd (c).area th.1 Lender .nd .ny Olher Borro...er m.y .g.... to extend, modify, fortlar or malt. any ICCOtIImodalions ...ith reprd 10 lhe I.mll of Ihi. Security Instrumenl or the NOle withoul th.1 Borrower'1 consent. 12. ... a..p.. If the loan lCCured by thi. Secunty Inllrumenlls subject to . law ...hich tICt5 maxImum loan chara", .nd lhat ..... i. finally interpreted 10 lhal Ihe inl.ral or oth.r loan characs collecled or to be collected in conneclion ..ith the 10UI exc:ecd lhe pennined limi.., lhen: (.llny .uch loan charae .hall be reduced by Ihe .mounl necessary 10 reduce the char,e to the permined limit; and (b) any sum> .Irady collecled from Borro....r which .xc:ecded permined limitl ..ill be refunded 10 Borro....r. Lend.r m.y choooe to m.k. Ih" refund by reducing Ihe principal o...ed under the Note or by maltin,. direcl paymcntlo Borro..er If. refund reduc.. pnnclpal. the reduction w,lI be Ireated lIS a partial prqNlyment wilhout any prepayment ch.rae under the NOll'. 13, IAllalalioll Alfecdq I..endet-'. R1Pra. If enactment or esp".II01l of applicable I.ws has Ihe elfecl of renderina any provision of Ihe Note or this Securily Instrumenl unenforceabl. Iccording 10 ils terms, Lend.r,.1 i.. oplion, m.y require immediale payment in full of .11 sums secured by Ihis Secunty In.trument .nd m.y lDyok. .ny remedies permined by pa....raph 19. If Lender exercises Ihi. oplion, Lenderah.lIl.ke Ihe 51.pupecifled in the second paragraph of paraaraph 17. 14. Nod.... Any nOlice 10 Borro...er provided for in this SecurilY In51rumenl .hall be given by delivenng il or by mailina il by flnl c.... m.il unless .pplicabl. law requires use of .nolher m.lhod. The notIce sh.1I be dlrecled 10 Ihe Property Address or any olher .ddress Borro...er d..ignales by nOlice to Lender. Any notice to Lender sh.1I be given by flnt claD mail to Lender's add.... Sl.ted herein or .ny olher add.... Lend.r design.tes by nOlice 10 Borrower. Any nOlice provided for in this Security Inllrument shall be deemed to haye been IlIven to Borrower or Lender when given as provided in Ihis ~ragraph. Ill. GownII8a UW; SeYCTablIlI)'. This SecurilY Inslrument shall be Bovcrned by fedenlllw .nd Ihe I.... of rhe jurisdiclion in ...hich the Property is located. In Ihe evenlth.t any provi.ion or clause of ,hIS Secunly Instrument or Ihe NOle conllicts wilh .pplicable I...., such conlliet sh.1I not ....ecl other provisions of thi. Secunly Instrumen' or the NOle which can be given clrect without the conllictina provision. To this end the provisions of thIS Secunty Inslrument and Ihe Not. are declared to be sever.ble. 16. 80rr0wer'1 Copy. Borrower shall be giyen one conformed copy of the Note .nd ofthi. Secunty Instrumenl. 17. Trulfer of die Property or . Beae8dai latenst II Corrower. If all or any pan of th. Property or any interest in il is sold or tran....rred (or ih beneficial inlerest in Borro...er IS sold or transferred .nd Borrower is nol a n.tur.1 penon) without Lender'I prior wrinen consenl, Lender may. .1 ils oplion, reqUIre immedi.le paym.nt in full of.1I sums secured by this Security Instrument. However. this option sh.1I nol be exercl!lcd by Lender .f exercise is prohibited by fcdcral ..... II of the date of this Security Instrumenl. If Lender ellen:iJes Ihis option. Lender .hall give Borro...er noti"" of .cceleration. The notic. shall provide. period of not leu than 30 days from Ihe dale the nOlice is delivered or mailed wilhin which Borrow.r must pay .11 .ums secured by Ihis Security Instrumenl. If Borro...er fails to pay Ihese sum> prior to Ihe e.piralion of Ihis period. Lend.r m.y invoke any remedies pennined by this Security Instrumenl withoul furth.r notice or demand on Borrower. II. 8arnnrer'. Rlpt to Relamte. If Borro...er meets certain conditions. Borrower sh.1I h.y. Ihe nght to h.ve enfon:cmcnt oflhis Security Instrument discontinued.1 any time prior 10 the arlier of: (.) S daY' (or .uch other period as .pplicable law may specify for mnslatement) before sale of lhe Propeny pursuanl to .ny power of sale conlllDed ID this Security In.trumall; or (b) enlry of. judgment enforcing Ihis Security Instrum.nt. Those conditions .re th.. Borrower: (.) pIIYs Lender all SUIIII ..hich Ih.n would be due under Ihis Security Instrum.nt .nd the NOle h.d no accelerauon occurred; (b) cuns any def.ult of any other covenanls or agreanenls; (c) pays all expenses incurred in enforclDg thIS Securily 1:lItrument, including. bUI not limited to, reason.ble .nomeys' fees; .nd (d) takes such .ctlon as Lender m.y reason.bly require 10 assure lh.t Ihe lien of this Securily Inllrument. Lender's nghts in Ih. Property .nd Borrowe", obliption to ~y Ihe sums secured by this Securily In.trumenl sh.1I conllnue unch.nBed. Upon relDst.lement by Borrower, Ihis Securit). Inllrument and lhe oblia.lion. oecured hereby shill remllD fully declive IS ,f no Iccelenuon b.d occurred. HOW1:>"1:r, Ihit right 10 reinst.le sh.n nOI.pply ID Ih. cue of .cederauon under paragnpbs IJ or 17