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<br /> � h 18, by causm the action or proceeding to De �
<br /> gortower may cure such a defautt and re�nstate. as provided m paragraW 9 ,
<br /> � dism�ssed wrth a ruGng that in Lender s good faith detemweadan.preGudes torteRUre of the Borrower's intesest m the PropeAy or
<br /> other matetial impa�rment ot the lien created by th�s Secunty Instrument or Lender s security interest. 8orrower shal!also be m
<br /> � ! dehauH rt@orrawer-durin9 the loan apptication process.gave matenaU�j tatse or maccurete iniamaUOn or statements to Lender (or
<br /> ; taiiad to proride Lender with any materal lnfortnation) N oonnediort wrth the toan e�tdPnced by tfie IVote. mclnding. but not -,
<br /> � � + lirtdted to. representatiorts coaceming Bortower's ocwpancy ot the Roperty as a pnncipal residence H this Secunry
<br /> ; instrument is on a ►easehold_ BortowQr shatl comply wRh all lhe provisions o1 ihe lease. tl Borrower acquves tee UUe to the . _
<br /> � ` Property.the ieasehotd and the fee title shall not merge untess lender agcees to the merger m w�ng. � . ,
<br /> . . _ •- i y. P►oteClion of i.er�E'i@:'3 Rt$h'Ss i�s:Ct8°s��°stSf- !!Bcrtow.x taits to pertorm the covenants and aqreements� _ ._-- . .
<br /> � . • � conta�ned in this Secunty tnstrument. or there is e tegal proeeeding that �aY 5�9n'ficanuy alfeel Lenders ngAts m the Property � ..y. .
<br /> (such as a proceedng N banlwptcy. Drobate.tor condemnation or toAedure ar to enlorce taws or regu�ationsl.then Lender may `
<br /> r do snd pay for whatever is necessary to proted the value of the Property and Lenders nghts in the Roperty LenQers achons ;
<br /> may mdude paying any sums secured by a lien which has pnority over this Securiry [nstrument. appeanng in couA. pay�
<br /> � �— � reasonable attomeys' fees and entenng on the Properry to m�1ce repairs•Although Lender may take acuon under th�s parag�a F �
<br /> . • 7.Lende►does nat have to do so. �
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<br /> , My amounts disbursed by Lender under paragr�ph 7 shall becom�e�tethese amountstsfialRbear mie�rest tromt he date� t. . ..
<br /> � tnswment Unless Borrower and Lender agree to othe►terms of paym
<br /> � disbursement at the IVote rate and shall be payable. with interest upon notice from Lender to Bortower requesfing payment �d+ f�,:.
<br /> � � • 8. MOSigagO (ltSWrdnCe- 1f Lender required mortgage insurance as a condRion ot making the loan secured by th�s
<br /> ` Security tnSVumen� Bortower sha0 pay the premiums required to maintein the mortgage msurance in eftect. tf,for any reason. tfie �' � :,_.;�`� , ,
<br /> ' martgage insurance coverage required by Lender lapses or ceases to be in etfect. Borrower shaU pay the premiums required to
<br /> � ' ` ivatent to the moRgage insurance previeustY in efiecL at a cost substantiaUy equivalent to the
<br /> � ; obtam coverage subsiantialty equ <i
<br /> ��._� cost to Borrower of the moRgage insurance previously in eHect. from an aftemate mortgage insurer approved by Lender. N
<br /> ; substantiaIly equivalent mortgage insurance eorerage is not available. Har►awer shall pay to Lende►each month a sum equa!to 4 ;
<br /> ; one-twetfth ot the yeafit moRgage insurance premium beirtg paid by Sarrc'r�er wnen the insurance cove►age lapsed or ceased to �,
<br /> - . ..'; 6e in effect. Lende►wl►accePt use and retain these payrnents es a loss reserve in fieu of mortgage msurance. Loss resenre ; . . : .
<br /> . . ;. payments rt�y no long�be required at the op5on ot L�der.'rf rtsortgage insurance coverage (m the amount end tor the pedod � �,�
<br /> ` '� � that Lend��eqnires)provided by an insurer appraved by Lender agaux kecomes ava�7ab[e and is obtained. BoROwer shaU pay � , .
<br /> the premi�m�r�quired to maintain moRgage ineurance in dfect.a�t°Frc��de a toss reserve, until the requtrement for mortgage � ��
<br /> s insutance ends m accordance'rvRh arry w�rt�en agreement between 8ortowc�and Lender or applicabte law. �nder sdaU gi+re �
<br />. _ . ; � 9. (nSp8Cti0at.Lc3+ct�ar its agent may make r�sonable entries upon and irFpections of the Property. . .. __ �;; .
<br /> • - Bocrower na6oa at the ti:n�cf or prior to an inspection�rscitying reasonable cause icr rize mspec6on ` `.
<br /> ' 1 0. C 0 3 1 i l 8 i�9 l 1 2 t i i 8 ri�-Th e p ro c e eds of an y aNZ�h a�claJm far damages. dir�ct ar consequsntial. in connection with any � , '� '�...��.;
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<br /> �' �'�'! condemnat�M or other taldng of any part of ffie Property. �r tor comEycr::s in lieu of eondemnation,are hereby assigned an d ., . .,-.
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<br /> _ � shaU be paid to Lender. 6ed to ihe sums secured by this 3ecurity � "`��.�""
<br /> ;::�. ' In the evertt of a total taldng oi the Properry. the Procee� s"�j be app ,.,'. '''���-;T=
<br /> ; .�;i:�'; � Instrumen�wheth� or not then due.with any excess p�a to Barrower In the event of a partial taWn9 of the f�►oP�t� ��which `.,-•,h:
<br /> �?'��:'�• '' the fair market value of the PropeRy immediately betore tfie taldn9 is e4ua1 to or g�i�lhan the amount of the sr.•s �rss�-d :,.:1 ° .
<br />•; . • . tt� by this Seca:�ity Instrument immediately betore the taking. untess Bor.cw� ar.d !��otherwise agree in wri�:� y-c�ar*�s ' : ` �,_.
<br /> ' � . ��`:j seaued hy:fii>Securiry InsUUmerst shai he reduced by the amount d�ti_�c.�s:cc-�"'iuitip6ed by the foQowing ha�aF: (a)the �"- ;•r�; :�;
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<br /> ;�.�;•�. total amaus+:�f the sums secured imr�Ad:��y betore the tatdng. divic:x��. "�� �'°-�►narket value cf ihe Property immediately .` J..�:.,,
<br /> ��. i E��:<' betore L5e taki.�g.My tra�,=S shal tv_��G to 8oaower. In the even!�� 's ws� ��g of the Prop�f in whieh the tair market , ..
<br /> ':;•;c;;,. , _..�;�,,,fu;:' value of t:�a Property on'aa�i�2s� �eg�'e�.`�e taWng is less than the ar.:c���3''r,��e s.res secured immediatety be(ore the tatdng. .,_ ��
<br /> ' '� `,� uNess Bortower end Len�2c° �'..�arw+se a9ree �n wri�ng or unless app6ca51e ��� �zc.�wise provtdes. the proceeds shatl be � '
<br /> ,`j� , '���,'� �;��.�} appfied to Lhe sums secu:e'J yq thts Sewrity InsUument whether or not t!:e sums srr:!^en due. .,3;
<br /> ? : �::5;�•• fl ths PropeRy is abandoned by Borrawer.or if,after noUce by L�'r�zr to Borrower that tha co�demnor otfers to maEce an _ Y�`:.�=
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<br /> ' awar� or settle a clafm for damages. Borrowe� tails to respond to l��er within 30 days after the date 1he notiee is gh+en. :":�.�r�: .
<br /> Lender is authorized to cottect and apply the proeeeds. at its opUon.either to restoraUOn or repair of the PropeAy or to the .. "�:,'.i,
<br /> • sums sewred by this Security Instrument,whethe�or not then due. : ' ��� '
<br /> � Untess Lende► and 8ortower othervvise agree in miling, any appfication of proceeds to pdndpal shaU not extend or •_'�
<br /> r�' � postpone the due date of the monthty payments reterted to in paragaphs 1 and 2 or ohange tha amount of such payments. • - (f���
<br /> �'•' • � •' 11. Borrower No! Released; ForbearanCe By Lettdcc�Vot a Waiver.Extenstcn of the�me tor payment or _ _
<br /> � � ��. moditieaGon oi amortaaUon of the sums s�cured by this Seairily I��^tia-t granted by Lender to ap successor m mterest ot _ . �.
<br /> � Bortower sha0 not operate to release n-e i',ab�Tity of the odginal Borrcw>.�Borrower's successors +n interest. Lendar sha11 not .
<br /> _'��`y be required to comr.^.er�e �►oceedings agafnst any :,�coessor in interest or reh;:x Yn extend Ume for paymefR ar otbetwlse
<br /> -' . - mod'Ry amorfaeUon of tt�e zums secured by this Seo�Y'm;Wment by reason ot cra denand made by the or+as"ra:Qortower or
<br /> •� • • Bortowets suceessors i. 4�terest. My forbeara�Ce by =ender In exercising any r.�ri or remedy shatl not be a ar:ver of or ��- :.
<br /> .;'-3 precluda o�e exercise of any�Ight or cemedy. :� �'''' �"��
<br /> . 12. S�teessors and Asslgas 8ovnd; ,�e1nt ant! 5�reral Liabi:Ity; Cu-sag�ers.rne cc�enants end °,r
<br /> "� .ic..:, . . agreer»r•.^'�.of this Seeurity Instrument shalt btnd and Ce�.4fit the ss:rrx�:ors and 2.�:�ans o1 Lender and Borrow��:lb;ect to re
<br /> !�'�_ �'':�''� � . , provisians o1 paragraph 17. Borrowera eovenants ar•�a3reements s':a+t be Joirtt ar�saveral. Any Borrower wtm w-slgns thu _
<br /> '���" '��. � Security I�SVUment 6uS Coes not e�cecute the Note: ;�;••s co-signing U�is Security[rt��-nent only to moKgage. ga�t ond comey �'
<br /> �t�:,�.;[,1;�, . . :. . • ,
<br /> .a,i•'�S,t that Bc��a�ers inierest in the Propu��ur'der tfie terms o1 thls Secm�f Instrumerz (b)�s °01 P�`-.cr=4�°bti�3°`zd to pay the .
<br /> . . �y:.�. sums seo.:red by thls Securily Instr�::��a�r- and(c)agrees that L.�Cer and any other BortowEr T:y a�ree to extend,modilyr. �
<br /> . • � �'�;�%���i fofiear or malce any accommodaticr.s •vet?1 regard to the tertns of tts S�writy Instrument or the "+�:a wAhout that 8orrower's
<br /> ,i ' . .. � �. consem. .
<br /> (j . 13. L08f1 Ch8�ge9. It the loan secured by tnis Security InsUument �s a�Ject to a law whieh sets maxlmum loan
<br /> - charges. and that lav� is flnalty interpreted so that the�nCerest or other loan charc� so0ected or to be collected in connection
<br /> ��'0 � • •with the loan exceed the permitted limits. then: (a)any such loan charge shat hx rcQuced by the emount necessary to reduco
<br /> � the charqe to the permitted Ilmit: and (b)any sums already colledr� tro:n �crtcNEr which excesded pertniHed fimits will be ..
<br /> � retunded to Bortower. Lender may choose to make this relund by rc4uc.�g the Grrapal owed under the Nole or by making a .
<br /> :`'f, ,,. � direct paymeM to 8onower. If a ►efund reduces prr,cpal,the reducL•on will be tr��ed as a paAial prepayment without eny
<br />- � •�: � prhpaymem charge under the Note. �„� •
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<br /> 14. l`104iC09.Any notice to Bortower provtded for m thls Securriy InsVUm2nt shall be given by deflvering A cr b•,�^�aling it
<br /> +��• , , , ' � by first ctass mail untess appGCable law requires use ot another methad. The nollce sfiall be directed to the Proye.ry Address
<br /> or any other eddress Borrowcv designates by noUce to Lender. My notice to Lender shall be glven by flrst ctass mal to
<br /> � Lenders eddress stated hereln or any other address Lender designates Dy notice to Bartower. My noUce provlded for in th�
<br /> � Sewrity InsWmenx shall be deemed to have been grven to Bortower or Lender when given as provlded In this paragraph.
<br />- 15. Governing Law: S9v@IBbili�f. Thfs Security Instrument shall be govemed by tederal law and the law of the
<br />',.;,, ' judsdictlon In which the Properly is located. In the event that any provision or dause of this Security Instrument or tho Note
<br />:���,. � conflic[s with appficable taw.sueh conNct shall not afteet other provlsions of this Securiry InsVUment ar the Note which can be �� .
<br /> - � tyven eftect withouf the con(licling pronsion.To th�s end the pravis�ons o}this Security Instrument and the Note are declared to
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<br /> be severabte �
<br /> 16,BppIOV�BI's Copy. Bortower shall be grven one conformed copy of the Htote and o1 th�s Secunty Instrument. �
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