98101168 - Laserfiche WebLink

Browse

1 �•� 1 w ti. . , . ...r- . J .. . .. . - lfJ. . 1 . paymcnts may no longcr bc rcyuirccl,at the option of L.ender,if martgagc insur,mcc cc�vcrugc(in thc umount su�d for thc p�:ricxf • thet Lcndcr rcyuires)pravidcd by an insurcr approvcd by Lcndcr again bccames availablc and is obmincd. Barrowcr shall pny thc ��i• prcmiums required to maintain mortgagc insurance in cffcct, or w provide a loss rc.�erve, until thc rcquircmcnt for mangagc _�-- insurancc cnd4 In eccordancc with any writtcn agrecmcnt bctwccn Borrowcr and L.cndcr or applicablc law. _- � 9.Inspectbn. Lcndcr or it� ageret may meke rcasonable entrlcs upon and inspcctions of the Propcny. l.ender shull giv� _ Borrower nodce at the Iime of or prior lo an inspecdon specifying reasanable cause for the inspecaon. � �� 10.CondemneNon. The procccds of any award or claim for damagcs. dlrcct or conscqucntial, in connccuon with nny� � . condemnation or other taking af any part of thc Property,or for convcyance i�Geu of condemnation,pre hcreby assigncd and� ' ,.,�„�. "' shall bc paid w L.cnder. _ In the evcnt of a total taking of the Property, the proceeds shall be applied to the sums secured by this Securlry Instrument,� `� whether or not then duc,with any excess paid to Sorrowcr.In the event of a parual wking of the Property in which the feir market�j •�_ velus of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this Security� •�� ,�; Instcument fmmediately before the taking, unless Borrower and I.ender atherwise agree in writing, the sums securcd by tt►is �: Seciuity Instrument shall be reduced by�ie amount of the proceeds rnultipGed by the following fraction: (a)the total amount of � �'�'' the sums secured immediately before the taking, divided by (b) the fair market value of the Pmperty immediately before the `"` L'i taking. My balance shall be paid to Bonower.In the evcnt of a pardal iaking of the Property in which thc fair market velue of the .;��_ Property immediately before the taking is less than thc amount of�h� sums secured immediately before thc taking, unless ��•: Bonower and Lender otherwise agree in writing or unless applicable law otherwise provides,thc proceeds shell be applied to the -= - ��.�. � sums secured by this Security Insuvment whether or not the sums are then due. � __ If the Property is abandoned by Bonower,or if,after notice by Lender to Borrower that the candemnor offers to make an '.�::�;` '��, award or seule a cleim for damages,Boaower fails to respond to Lcnder within 30 days after the date the notice is given,I.ender ;��;_y � . �S suthorized to coUect and apply the proceeds,at its option,either to mstorauon or repair of the Property or to the sums secured :.��.�..x�_ �� by this Securiry Instrument,whether or not then due. ��` +��!�-. Unless I.ender and Boaower otherwise a�ree in writing,any application of proceeds to principal shall not extend or postpone �.f �•= _- �hC duG c1ui��f the�►�unth2 P�B�Ph�2�ssd 2 or�hsng�!hc amottr_t of slrh paymentc. .r �'-- Y P�Ymcnts rcfcrrcd io in '='- 11.Borrower Not Released;Forbwrance By Lender Not a Waiver. Extension of the time for payment or modification — of emoru�don of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall �--�� ij;°. not operate to rclease the liabUiry of thc od�inal Borrower or Borrowcr's successors in interest Lcnder shdl not be required to ,�;, commence pcoceedings against any successor in interest or refuse to eatend time for payment or otherwise modify amordzation of � . the sums scxurecl by this Security Instrument by reason of any demand made by the odginal Borrower or Borrower's successors = �a�_- in interesG Any forbeazance by I.ender in cxenising sny right ar rcmedy shall not be u waiver of or precludc the exercise of any — � right or remcdy. " � 12.Su�cessora�nd Assigae Bound;Joint and Several Liability;Co•signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of L.ender and Borrower, subject to the provisions of _ - ' paragraph 17. Borrowcr's cavenants and agmecncnts shail be joint end several. My Borrowcr who ca•signs this 5ecuriry Inswment but does not execute the Note: (a)is w-signing d�is Security Instrument only to mortgage. grant and convey that l_` ' Sonower's interest in the Property undcr the tcrms of this Sccurity InsGrument;(b) is not personally obligeted W pay the sums _ - secured by this Sesurity Instrument;and(c) agrecs that Lcnder and any other Borrower may agree to extend,modify.forbcar or ' - � make any accommodadons with regard to the terms of this Security Instn►ment or the Note without that Boaower's consen� 13.Loan Cdnrges. If the loan secnred by this Security Instrument is subject to a law which sets maximum loan charges, i and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan :•��__ �( eaceed the permitted limits,then: (a)uny such loan charge shell be reduced by the amount necess�uy to reduce the charge to the . _=--_�. �j permival limit;and(b)any sums already wllected from Borrower which excc�ded permitted limits wiU be refunded to Borrower. Lender may choose to make ihis refund by reducing the principal owed under the Note or by m a k i ng a d i rect payment to . ' Borrower. If a refund reduces principal, the reducuon will be treated as a partial prepayment without any prepayment chazge . under the Note. ,.f�;� . 14.Notiees. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it .3.-'`�: � by first class mail unless applicable law requires use af another method. The notice shall be directed to the Property Address or , _ .,g,;:.:.��.«. . any other address Borrower designates by notice to Lender.Any noticce to Lender shall be given by Cust class mail to Lender's .'� `� • e address stated herein or any other address L.ender designates by notice to Borrower. Any nouce provided for in this Security' ' .�. �� ; Instrnment shall bc dcemed to havc bcen given w Borrowcr or Lender wlien given as provided in this paragraph. � '��'� ti'��, 15.Governing Law;Severability. This Security Instcument shall be go�erned by fedcral law and thc law of thc � jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note I conflicts wiih applica5lc law,such conflict shall not affcct othcr provisions of this Sccurity Instrument or thc Notc which can be I I given effect without the conflicting provision.To this end the provisions of this Security Inswment and tlie Note are dectared w ; bc sevcrablc. � � i . Form 3028 9i90 � i � �.. �„��a�. - - - � t7fiyr-vn�i�cj�u��i�.vi "ay:�:.:� _- --._._. � O [ I I i c i _f ' 1 __J. .. .... .._._._.'.__._ -