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<br /> • 9ortor�M may cure such a detaui! and re�nstate. ae provided m paragr9ph 18. by causmg tne action or proceeding to b` �;� _'
<br /> . disrrassed wAh o ruhnp t�a�. m L9ndcr's goa.f fadh determination. preduQes torte�ture of the Bortower's �nterest�the Propetty or �
<br /> • � otRer matrx�a!impuament oi tho lien neated by thi9 Security tnsWment or Lender s secunty mterest. BoRO�n:v shail also be in . . ,
<br /> - , ,• � detaud d Borrower.durfn�the loan applicahon procesa gav9 materulry talse or maceurate mtom�aLen or st�terrv�ls to Lender(or _ ��,4 ,
<br /> ' � taded to provlde Lender with any matenal intortnaUon) N eonnecUan wdh the loan ev�denced by the Note o�duding, but not ' .'
<br /> umited to. representations conCemmg BoROwei s occupaney o1 the Propecty as a pnnapal residence M this Secunty � ; e
<br /> • + insbvment is on a leasehold. BoROwer shall compty with a0 the prov�sions of the lease It Bonowe► atquies tee title to the � ' � • ,' �
<br /> � ' Piroperiy.the leasehotd and the fee title sfiad not merge unless Lender agrees to the merger m writing. � � �
<br /> ' . 7. Protec4ton uf Lender's RtgMs in the Property.B Borrower taits to pertorm the covenants and acgeements �, ' � '
<br /> contaUted in this Security Instrument, or there is a legai proceeding that may signfirantly attect Lender's rigMs in the PropeRy , ,
<br /> , �such as a proceed'mg m ba�laupicy,probate,for condemnation or torteiture or to entorce Iaws or regufations),then Lender may � � �
<br /> � do and pay for whatever is necessary to protect the value of the Property and Lender's nghts in the P►opeRy. lenders act�ons � • ,
<br /> may include paying any sums secured by a lien which has priartly ove� this Security InsUument appearing i� court. paying :
<br /> r'��� reasonabte attomeys'fees and entedng on the Property to make repairs. lilthough Lender may take adion u��x this paragraph f�q �-.--- ,- • --- -
<br /> • `� � 7. Lender does not have to do so. � } " ,, �
<br /> � My amounts �sbursed by Lender under paragraph i shall become additional debt of Bortower seaured by th�s Security , . ..
<br /> ; �nstrument Un►ess Bortower and Lender agree to other terms of payment,these amounts shafl bear interest from the date of ' . , .
<br /> i �s6urs�nent at the lVote rate and shaU be payable.with interest upon rto�ce from Lend�to Borrowel requ�g payment � , •, �.
<br /> � S 8. Mortg2ge Insut�ttCe. tt Lender required mortgage insuranex as a condnion of maldng the toan secured by this �:. ',;
<br /> Seturity Instrument Borrower shatl pay the premiums requ�red to maintam the mortgage insurance in effect It. for any reason.the '
<br /> " � ' � � mortgage insurance ooverage requ2ed by Lender lapses ar ceases to be in ettect. Borro�ver shail pay the prem:v.ms requved to ;�,��. .,-.,.;�.
<br /> .:�.j`^i�:..' •. • ..5�:,�:.... . .-.
<br /> ;:,�;,"•� , obtain cove�age substantialry�uiva:ent to the mortgage insurance pr�rvtously in eftect, at a cost substantiatty equival�t to the � .Y , ; .
<br /> ,:�:'' �.,� cost to Bortaw� of the mortgLg� insurance prevtottsy In et(ed, from an attemate moRgaga insurer approred by Lender. If . . :-
<br /> � s u b s t az►t i a U y e q una;e rt mort g a g e uisurance covera ge is not avalfable. Bortower shall pa y to L�d�eaeh mo�a sum equai to .���.���
<br /> `�r�°' .� an�iwdfth of the yearly mortga�insurance premium being paid by Borrower when ihe insurance coverage lapsed ar oeased to ;
<br /> '�"� � � ha in eftect. Lender wn11 acxeat use and relain these payments as a Ioss reserve fi Geu of mortgage insuranoa. Loss reserve " ,-
<br /> "` pa,^�ents may no longer be required.at the option of Lend�,'rf mortgage insurance cove►age(in the amauni and for tF4 period
<br /> �: tMa?lender requires) pravided by are insurer approved by Lender again 6ecnmes availahie and is obtained. 8o�ower shall PaY - •" r.,;
<br /> , U:e premiums r��ied t�maintain mortga�nsurance in eNect. or to pravide a loss reserve. unU7 the r�u:rem�.v►t for moRgage � F;��,.,,;;;
<br /> ' � • i�susance Qnds in aa.:ardance with eny�v:-Cten agreement beAveen Bo�rowe aad Lender or appUcabte law. i �:'�"
<br /> . ..�. :, . .�-..:���e�,.
<br /> _ `"� 9. (115p6t3i�. Lender cr its ageni may make reasonabie enUfes upese and inspections of the PropeRy. Lend�shalf give :>s•��' ���-r--•-
<br /> �2•.:' �� :.:��;,
<br /> � :r:;,'. " -'. Sorrower notiee at ihe tins o`nr p.`.or to 2n inspection specityfig reasonable cause for t�.e i�spectian. '.•f;;-{;�;�:' •'
<br /> ""'��' � 10. COt1t�18ls1tfate�R�.TGe p:oceeds of any award or Gaun for damages, dreG or cv:.sequentiat.in conn�W�n with a.ny ;;,,:y`;;s?c"fi �
<br /> { `'� '�� condemnation er oiher tatcr.3 0� ar•y part of the Property. or for conveyance in lieu of cor.Ce,r.na�on. a;e hsreby assigned an� r ��I'? ,_!�._` s;
<br /> . �;; shatl 6e paid fe 1,�+3�r. � ,�.,���.� r�r^'r;
<br />.. ., tn the e�era2 of a te�f taim�g of the Pmperty. the proceeds shai he app iie d to t he suc*s se o z r r e d by t hs S e c u ri ry " � n..'`�,':r�•'�s'-,-'
<br />. '� �'��' �S f�::'_i�y�r:��, <" �'.
<br /> G �,''�` rr�s:.-��men�whether or not then ti��a with arty excess paid to Borrower. tn the event of a paraa!talcn�ot t'�s Pro��r:y in rM.iich . v�, : �;
<br /> r:.,�'+ .,•��
<br /> %�' the fair market value of the aaga-ty"vnme��ly before the�.'dng is equal to or great�than the ama�:R a*. the s:�:ns secured t. , r;�'r�',� j :_
<br /> ,. . ,; by this Security instrumertt c�:r,zdately befcre Lhe tabng. unless Borrower and Lender othemise agre2 e► wii'.ing. the sums -;!:"•4� "Y;;ci,.���-
<br /> � . c'r secured by ffiis Seamty tnsQumeM shall be reduced by the amount of the proceeds rtuittipGed by the fa:'�in9 traction: (a)the � ' + :i�'��'
<br /> total amount of the sums secured immediatey betore the taWng. divided by(b) ihe fair market value of tFP Pro,zrry immediateiy • • ' •:
<br /> , betore the ffiking.My balance shall be pald to Borrar�er. tn the event of a partial takirtg of the Properry in wh°cA the fair market ' � .
<br /> value of the Property immediately before the taking is te3s than the amount ot the sums secured immediatety bafore the talcing. ''" ' '�',;��_ ,�,
<br /> unless Bortower and lender otherwise agree in wri6ng or unless applipble Iaw othervvise provides, the proceeds sha0 6e ' . �� .%�i't
<br /> .. . �:��-^
<br /> . applled to the sums secured by this Secnriry fnstrument whether or not the sums are then due. � ,: 1u�.:
<br /> ' H the FropeAy is ebandaned by Boaower,or H. aRer notice by Lender to Bonower that Me condemnor oHers to make an � ``•��;';:`_
<br /> . , award or settte a ciaim tor damages. 8ortower failn to respond to Lender wRhin 30 days after the Qate the noUce is glven. � '���
<br /> Lender is author(zed to wllect and appy the proceeds. at rts opUon, etther to restoradon or repair of the Properry or w the =
<br /> � sums secured by this Security tnstrument,whether or not then due. � . ��`'�_
<br /> ,�� Unlesa Lende► and 8orrower otherwlse agree in wdUng. any appticaLon ot praceeds to principal shaU not extend or , , °:,f•,:.;';
<br /> ! � � pns�one the due date of the monthty payments reteRed to In paragraphs t and 2 or change the amount ot sutt►payments. , .
<br /> ���,� 11. Bor►ower Not Reteased; Forbearance By I.ender Not a Waiver.Extension of tDe Ctr�e for payment or
<br /> :,; � modiflcatlon o1 amortizaUon of the sums seared by thls Security Instrument granted by Lender to any successor in interest ot , �
<br /> ;y ' • Borrower aha0 not operate to release the liabitiry of the orfglnal Borto�ver or 8onower's suceessora In interest. Lender sha0 not '•`��� .
<br /> � � be requUed to commence proceedings against any successor in interest or refuse to extend time tor payment or othenvlse � � ���� -
<br /> modity amorttraUon of the sums secured by this Security InsUument by reason o}any demand made by tho o�fCynal Borrower or • � _
<br /> • Bortowers successora in interesK. My torbearance by Lender in exercisfig any rigM or remedy sha0 rto1 be a waiver o1 or � •.� .
<br /> �� . • � predude the exer�se o1 any right or remedy. . • . :
<br /> � 12. Successora and Asslgna Bound; Joint �nd Several Uabitity; Co-signera The covenants and � �
<br /> • . agreements of this Security tnstrumerrt sha0 bind and beneflt the successors and asstgns af Lender and 8ortower,subJect to the .:'� � _
<br /> . . ' • provislons of paragraph 17. Bcrrower's covenants and agreements shall be jolnt and severat. My Bortower who co-slgns thls ,�`'��' . `. p
<br /> :n�;,.
<br /> `t: £ecuriry InsWment but does not execute the Note: (a)is co-signing this Security Instrument ony to mortgage,grant and convey �`'=�'���� �
<br /> � � � ' that Botrower s h►terest in the Properry under the tertns ot this Security Instrument; (b) is not personalty obGgated to pay the ' � �.�
<br /> ' sums secured by tMs Security tnstrument: and (e) agrees that Lender and any other 8orrower may ayee to eMend, modity, ' - '���ti�'
<br />:. ! ' � ' � P:^;;�:
<br /> . forbear or make any accommodatlons wfth regard to the terms o}this Searity Instrument or the Note witAoui thal Boaower's ; .
<br /> ..i , consent •i,�, ' • , .
<br />`%� : '�i�;. ..
<br /> 13. L08tf Ch8►g09. If the loan secured by thls Secur(ty Instrument is subject to a law whleh sets maximum loan ���.fi;:.;:,••
<br /> �: .'� � � charges, and L�a! law is finally interpreted so that the interest or other loan charges coltected or to be eollected in connection •�';"r: ,
<br /> �i with the loart es.r.eed the pertnitted limits,th� (a)any sucb toan charge shall be►educed by the amo�r.i necessary to reduce ' • �
<br /> ` the charge to +]-e permitted Ilmit: and @��iy sums aheady collected frcm Botrower whicn exceed.ed pertr,itted Ilmits will be �
<br /> `�� refunded to Ba�ovrer. Lender may choose to make thls retund by reducing the principal owed under the Kote ar 6y making a
<br /> J' • direct payment to Borrower. N a refund reduces pdnclpal.the reducdon will be Veated es e paRial prepayment without any � . �
<br /> ' prepayment charge under the Note.
<br /> . 14. N01�CA8.Any noUce to Borrower provided tor in thls Security Instrument shall be glven by delivering il or by maiflng it
<br /> by first ctass mail untess applicabte law requlres use of another method. The notice shell be directed to tAe PropeRy Address
<br /> � : or any other address Bortower designates by notice to Lender. Any noUce to Lender shall be given by first class mail to . �
<br /> • Lender's address stated herein or any other address Lender designates by noUce to 8ortower. Any notice provlded tor in this �
<br /> . Security Instrument shall be deemed to have been given to Borrower or Lender when ghren as provided in this paragrapfi. �
<br /> � 15. Doveming Lauw. Severability. Thls Security Instrument shall be govemed by federal law and the Iaw of the
<br /> ��•�<<"r � jurisdlcGon in which the Prc�ta.y is located. In the event that any provision or clause of this Seeurihj Instrument or the Note
<br /> ' i'��.��' contficts wRh�^.F!lcabte law. sxh conflict shall not aftect other provlsions o}thls Security�nstrument rx t�e Note whlch can be � ' ' �
<br />•.•:���;. � � given eftect•r.�ma:t the corrtilctlng provisian. To this end the provlslons o1 thls Securlry tnstrument er+1 n�R Piote are deGared to � -� � r ;'..�
<br /> �e severatl� '�;�' .
<br /> ,:.:�.�.-:�.� � �.;i::;.;.. ��
<br /> �� �+` 16. 801IOW8PS Cmg�. 8ortower shall be gnrert cc a contormed copy of the Note and of this Securifj Instroment. � '
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