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<br /> �` t ' Bortower may cure sach a detautt end reu�state. as provided m patagraph 18. by causing the actioo or proceeding to be � c� .
<br /> - ' Cismissed wrtfi a ruling that, in Lender's good faith detemdrtation, predudes fo�feiWre of the Borrowecs mterest m the Properly or
<br /> ••f;'. � other material impaument of the lien cxeated by this Secunty InsUument or Lender s security interest Borrower sha!!also be m :
<br /> defauft it 8ortower.during the loan appGcaUOn process.gave matenaUy talse or inaccurate intortnation or statements to Le�der(or
<br /> � failed to provide lender wdh any matenaf intortnaGon► m connection vrith the loan ewdet�eed by the Note. indudmg, but not
<br /> • . i timited to. represenlaUons conceming BoROwer's occupancy of the PropeRy as a prinapal reside�ce. N this Security • � `
<br /> Instrvment �s on a leasehold. Borrower shall compty with ali the provisions of the lease. If Bor►ower acquires tee titte to the� ,
<br /> . i PropeRy.the leasehotd and the tee title shaU not merge untess Lender agrees to the merger m wrmng.
<br /> j 7,ProteCt2od of Lender'S RIgQt4s in the PrOpe�4y.11 eorrower tai►s to pertorm the covenanu and agreements� .
<br /> • ` contained m this Searity InsUument or the►e is a legal proceeding that may si��cantry attect Lender s nghts m the PropeRy�
<br /> ti (such as a proceedmg in bankruptcy. probate.for Condemnatiort or foAeiture or to entorce laws or regulationsJ.then Lender may �
<br /> � do and pay for whatever is necessary to protect the vafue of the Property and Lender's nghts in the Property. Lender'S adions �
<br /> , may mdude paying any sums secured Dy a Gen which has priority over this Securiry InsWmen� appearing in court. paying
<br /> •-� r�sonable attomeys'fees and entering on the Properry to make repa�rs.Althaugh Lender may take action under th�s paragraph��
<br /> -- - 7.Lender does not fiave to do so. _
<br />- , , My 2mou�ts d�sbursed by Lender under paragraph 7 shatl become additional debt oi Bortower secured by this Security ; �
<br /> �., Insttument Unless Borrower and Len�er agree to other terms of paymerrt. these amounts shall bear inter�st from the date of E
<br /> dis6ursement at the Note rate and shal�be payable,with interast.upon notice from Lender to Bortow�re.,-°�-�PaY���� ?
<br /> . �` 8. Moatgage (nSUP2QiCB. tf Lender required martgage insurance as a conditian of matdng �� i�a" �==:rgi t: -4is 4,, : �:; �. .
<br /> , s • .. �
<br /> < �.:-;::'nshummt Barrower shay aaY the prec�s"s�:s�re.c.�-�i.-�:-� �sr���age ir�.z-�::�L�c�`� �: �a-�-:�-�'. :e . r:r r��
<br /> s .; �-� - �zr:oc-.-x�_�e'e�'-���•, r�ce- qs� "- c��.s`a �e .r 2�a:. ��°.P,�. sr.rY.?'-,. �->>-�--i�_:s requiretl to �S'�4 `; ' _�>,�
<br /> i� / _;..�,;: .....;�,� � ,
<br /> j., obtai� �:��s,��."'�".�-�p �t.t;`r3tar,:e� ":�r.�a�e�sWa.ce previc�s:y �i� �`eci. a:a �sat�"'�'`r�(w Qquivelent to the .
<br /> �' r ccs: t� ar,:�ver �4;r;a .:.t�s�e�'-�ce�s�austy in eftecl. from an aftemate mortc,�x :surer �Y�:ed by Lender. tf .
<br /> ` , �•�; $ubs�nualty equryalerst mertgag�,rt��rance coverage is not available. Bonowe►sha0 pay to Lender each month a sum equal to . _
<br /> � one-twelftt► of the yearly mortgaqe insurance premium being paid by Horrower when the insurance coverage(apsed or ceased to t�
<br /> ` be in dtect. Lender wll accep�use and relain these payments as a loss reserve in 6eu of moKgage insurance. Loss reserve {
<br /> • • � ' p-yments� �y no lorqer be requ�?d. at the option o1 Lertdet.it martgage insurance cove►age(in the amourrt aztd for ihe penod i , ,
<br /> • that Lender requlres) provided by a�� insurer approved by Lender again becomes avalable and is obtamed Bortov�er shall pay r . ,
<br /> the premiums required to maintain moRgage insurance in effect. or to provide a loss reserve. unGl the requvement tor martgage . .
<br /> insurance ends in accordance wilh any written agreement betwenn Bovower and Lender or applipbte law • . ,
<br />_ . , ,` i S. Inspee4ton.Leoder or its agent may mako reasonablo enMes upon and inspections of the Praperly Lenaer shall givo •
<br /> ? Borrower notice at the time of o►paor to an inspect�on spac�lyinp reu.,onable cause lor the mspectian ___
<br /> ' � 10. Condemnatton. The procoeds o1 any award or Ua�m lor damnga�. direct or cansequent�al. m connoction wdh eny
<br /> • � condemnat�on or other takmg ot any paR of the Prope�ty. or tor conveyancA in heu of condemnaUan. are hereby asscgned and �
<br />- , shalt be paid to Lender `1 � �
<br /> • • In the event o1 a total taking of the ProDertY. the proceeA� shall be appUed to lhe sums secused by Ih�s Sewrtty � ' ,��r:s;;��
<br /> � � Irtshument. wAether or not ihen due. with any excess paid to Bonower. In the evertt of a paAial tabng ot the Property in whictt •
<br />,,s;• the falr market value ot the PropeRy Immediately betore tha laking is equal to or greater than the emount of the sums secured . , •
<br /> by this Security Instrument immediatey betore the taking. unless Borrower and Lender otherw�se agree in wrrting. the sums � ' _
<br /> • secured by thls Securiry Instrument shall be reduced�y the amourtt of the proceeds multiptied by the tollowir.g iracdon: (a)the � .
<br /> . t ° ,-
<br /> ' � � total emount of the sums secured immediatety 6etore the taking, d'nrided by (by the fah market value of the Properiy immediatety � -
<br />�E •• � � before the taking.My balance sfiall be paid to Bortower. In the event of a partial taking of the Property in whicfi the fair market _: �,,'
<br /> � . ' value of the Property immediately betore the taking is less ihen the amount ot the sums secured immediatety betore the tald�g. �: :�:.'�,
<br /> unless BoROwer and Lender otherwise agree in Nmting or unless appllcable law othe�wise provides. the proceeds sh.zU be
<br /> + . ! appGed to the sums secured by this Securiry Instcument whether or not the sums are then due. ' ���'�'
<br />��! ' If the Properly is abandoned by Borrower, or if, after notice by Lender to Bortower that ihe condemnor oHers to make an ` .'���_i..-a,
<br /> � `� award or settle a clatm tor damages. Bonower faits to respond to Lender witbin 30 days af[er the date the no6ce is given. , .
<br /> " `;c;;�•., ' ; LenCer is authot(zed to collect and apply the proceeds, at its option. efther to restoration or repair of the Properry cr to the �' % ` s;�.
<br /> , ���=1.•.,;`�� ,;
<br /> . s;:.,s Eecured py this Securily Instrumerrt,whether or not thea due. � ��`
<br />__ � .;aless Lender and Bortower otherwise agee in writing. any application ot proceeds to pdndQa! shall not extend or � � �r '_
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<br /> � pos�one the dus date o1 the monthly payments referred to in paragraphs 1 and 2 or change the amount af such paymerrts. ��: � •.�J ;
<br /> - � � . 11. Borrower Not R�teased: Fo�bearanee By Lender[�tot a Waiver.Extensian of the time for payment or -
<br /> � ;. • ; :� -odiflcation of amort�ation of t*e sums secured by this Securily Instrument granted by Lender to any successor in �:Rerest of �:• .
<br /> `' ' ' Borrower shall not operate to re�ase the Itabiliry of the original Borrower or Bortowers s::�:essors in interest. Lend� �t�all not '"'=� � •
<br /> � ',;r.:,;:�7 ;
<br /> • be requhed to commence proceedings against any successar in lnterest or refuse to ex:ead Ume for payment ar e:;envlse
<br /> ' �,�� modity amoRimtion of the sums secured by this Security (nstrument by reason ot any demand made by the odginaf Bortawer or � , �
<br /> . Bortowers successors in interest. My forbearance by Lendet In exerdsing any dght or remedy sha(1 not be a waiver ot or :_.,�;
<br /> preclude the exercise of any riyht or remedy. ; '
<br /> 12. Successors are� Asstgns Bound: Joint and Several Liabilit� �o-slgners. rne eovenancs and
<br /> " � agreements ot this Secudty Ins�rument shall bind and benefit the successors and assigns o`. lender and 8onower,suhject to the �`:, �
<br /> r. � ; provlslons of paragraph 17. Bortowers covenanta and agreements shall be joint and several. My Bc�ower who co-signs this
<br /> :�; , Secudty Instrument but does not execute the Note: (a)is casigning thls Securfty tnstrumertt only to me.'.gage,grant and convey �
<br /> ' � � `' ; �`+at 8orrower's interest in the Properly under lhe terma of this Security Instrumen� (b) is not persc:.a:?,� obtigated a pay the �
<br /> ' 4 a..•�ns secured by this Security Instrument; and (c)agrees that Lender and any other Bonower may agree to e�sc rd.modity. �
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<br /> • _ � °orbear or make any accommcCatlons with regard to the terms of thls Seourity Instn:rrter.t or the Nc�e without ZhFt @artower's
<br /> - consent. "
<br /> ,�i ' � 13. Loan Chafg98. If the loan sec::red by this Security Instrument is subject to a Iz�a ..:-�ch sets maximum loan . .
<br /> � _ .� charges. and that law Is finally interpreted so that the interest or other losa chargea collected or:o �e collected in connection .
<br /> �t�� � � with the loan exceed the pertnitted lim'Rs, then: (a) any such loan charge shall be reduced by the amount necessary to reduce ,,
<br /> - _ the charge to the permitted limil; and (b) any sums already cottected trom 8ortower whlch exceeded pertnitted limits will be ,
<br /> refunded to Bortower. Lender may ehoose to make this refund by reducing the pdncipal owed under the Note or by making a .
<br /> r dlrect payment to Bortower. If a reWnd reduees princlpal. the reduction will be treated as a parUal prepayment without any
<br /> �'. �. prepayment charge under the Note. ' _
<br /> � 14. NOtiCee.Any notice to Bonower provided for in thfs Security I�strument shall be given by delivering it or by maiung it
<br /> by first otass mail unless applicable Iaw requires use of another method. The notice shall be directed to the PropeRy Address
<br /> ..� � � � or any other address 8onower designates by notice to Lender. My notice to Lender shall be given by first class mait to
<br /> • Lenders address stated herein or any other address Lender designates by notice to Bortower Any notice provlded for In this
<br /> • Securily Instrument shall be deemed to have been given to 8ortower or Lender when given as pronded in this paragraph.
<br /> . 15. G+avorMng law; SeVe►abllity. Th�s Secunty InstrumeM shall be govemed by lederal law and the law of the
<br /> ' � jurisdiction in whlch the Property is located. In the event tfiat any provision or ctause of this Security Instrument or the Note , :
<br />`��� con4lcts with applicable law, such conflict shall not attect other provisio�s o}thfs Security Instrument or the Note which can be { .
<br />' `i � given ef(ect without the wr.ftittlng provision. To this end tha provis�ons o1 this Security tnstrument and the Note are declared to �
<br /> �- , be severable. ` • �
<br /> - � . 16. 9Q�Ow8►'S G�y�y+.8onower s[�11 be given one contortned copy of the Note and of th�s 5ea:rity Instrt:'^�t � •
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