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<br /> , • Bortowa rrwy cun nuch � dNauR �nd refnet�te, as provided in pr�ryiiNii 113, bY o"u�in9 the nM��� or proceedinp to b� ___
<br /> ' dlamissed with e n�linq tn�t, m Lender's gouJ i:Y�� dcttrm!natlen,prechtde+lurlelturo of the Borcawer'e {nter�at In th�Rop�rty a _
<br /> . _..�_ ���...,,.�..� nu th�. S�curitV If16tfUtI1MS 0� L611dtlf0 6QCUtlt�l IIItEfESI. EjOROWEf 6hrM dso b� �n
<br /> Olhll IOIIOfWI IRM7MMnian �� o�o �w�......_._- - . -_a_ :..t_i--;v ---
<br /> delauA 11 Borrower, durinp the lo�n�ppAcation�procesa, p�ve rtuitaialty lalae or intccurats ntorm�tion or eiria��a�+v ... ._.::_. _
<br /> I�Iled to provide Lender wilh eny matertal Intormation) In connecllon wNh the lo�n evldenced by the Note, IncludinQ, bul not
<br /> Ilmited to. reproeent�ttona conceming Bortower'e occupancy ul the P►operty as ■ princlpa� residence. li ihla S�r,�dly (Q �:=.0`
<br /> Instnimarot le on� Istaehotd, Bortower sh�N comply wBh dl lhe provislona ol the lease. i1 Borcower �cquires lee tille to ths ! �;,;,._
<br /> Property, the Isaeehold a�d the fee titla ehail not merpe unlesa l.mder�preea lo lhe merpar In w►itlnp. _
<br /> 7, P►Gt�ctlon af I.�nd�t's RIqF1t1� In th� PrOp�rty.tl eortower f�Ns to perlorm the covennnta and�pr�eemnnte -
<br /> conUhad M thla SecurtlY InaWment. �r there Is � lepal proceadk►p ih�t rr►�y alpniflunUy �flect Lender'e riqhte In lhe Property � '°
<br /> (such as a proceedinfl In benknrptcy, probate, for condemnetlon or IoHelture or to enlorce lawa or reQul�tlons►,than Ltndx mny
<br /> do �nd p�y(or whatever Is neceea�ry to protect the va{ue of iho Properiy and Lendcr'�d�hte in the Property. Londer's sctlene 1� !""
<br /> may Include p�yhg any sums socurud by � Nen whicl� haa prlority over lhls Security Instrument, sppeulnq In coun. paylnp �'�
<br /> reason�ble �ttomeya'fees end entering on the Property to m�ke �ep�kn.WthougF► Lender m�y take actlon under thla paragrsAh �Q
<br /> 7, La�der does not have to do no.
<br /> My amount� disburoed by Lender under peregraph 7 sheN become nddillonel debt ot Bortower aecured by thla Securily
<br /> InsWment. Unlose Borrower e�d Lender agree to other te+ms of payment, these �mounta sheil bear Interest from the date o1
<br /> disbureemen!at the Noto rate and shaA be peyaple,with intercst, upon notice hom Lendar to Borrower requesting peyment.
<br /> 8. MOrty�s Insur�ne�. N Lender required mortgepe Msurance as a cond�Uon ot mrking the loen securad by thla _
<br /> Security Instrument, BoROwm shaY pay the prerr�lums requlred to m�lnteln the mortgaga Insurance In eHect. I}, tor�ny rsnson,the
<br /> mortgaga ineurnnce coverape requlrad by Lender lapses or ceasea to be In eftect. BoROwar shaA pay the prcndu�+��t���the
<br /> obWn cowenge nubotaMl�Ny equlv�lent to the mo�tgaga Insurence previousy In effect, �t •cost subst�nlleMy equ
<br /> cost to Borrower of the m�n9��surance covengeuls n t avaYwble�, BoROwx shaN W tY oA�enda uchAmontA a num equ�l to
<br /> sub�tu►ti�MY eyuha{ent mortyaye sed a ce�ssd to
<br /> onctweHth o} the yealy morty�ge Insunnce prertAum bdng pdd by Borrower when the insunnce covemqe lap
<br /> be fn ettect. lsnder r�IM accegt,use md retafn lhese peyments ae� Ioss reserve In Ileu of moRgege hsurance. LosA reaerve
<br /> peyments may no longer be requked, et the aptlon ot Lender,fl mortgage k►aur�nce covaaye('in the imout►t ond far tho petlod
<br /> ttwt Lender requlres)provided by�n Insurer approved by Lender agaki becomes�vafl�bla end is obtakted. Borrower shaM pay
<br /> the prtmiums requked to mt�{ntein mortgnge{naurance In ettect, or to provide a loss rcserve,untN the requkament for moRgsge
<br /> Insurmce ends h accordenae wilh any written +preement between Borcower snd Lender or mppHcaWe lew• L��a�N e
<br /> g, �n�(ywCt;pn. Lender or Rs age�t may make reasoneble en►rles upon�nd inspectlona o!tho PropertY• �
<br /> Bortower noHce et ihe time of or prior to an Mspection specHyfng reasomble cause tor lhe Inapectian.
<br /> 10. Co�d�emn#tion• The proceeds of�ny award or dakn tor dart►agea, dkeot or conse+quenUel, in connecUon wNh any
<br /> conderrK�atbn or uther teking of eny part o1 the Property, or tor conveyance in Ileu oi candemnetion, are hereby aaslgned and
<br /> sh+�N be pald to Lender.
<br /> In the event o1 e toUi Wck�fl ot the Property, the proceeds shaH be applied to the suma secured by lhis Securiry
<br /> InsWmex►t,whMha or not the�due,wRh �ny excess pald to Bortower. In the event o1 n puttel taking ot the R'operty in which
<br /> the(�k market v�lue o1 the PropeRy kr�med��teN before the taking is equel to or greater then the amount of the sums secured
<br /> by tms �ewriiy inew��ia�t ��r�'aY i tss'cr� !!!e ��!!!o. unlrss Bortower and Let�der otherwlse apree tn wrttin9� the sums
<br /> scared by this Security Instrument shaN ba reduced by the emount of the proceeds mulripNed by the lolbwin8 lracnon: (aj iha
<br /> tnUl nmount ot tite sums secured knmediatelyr before the taMng, dNided by (b) the hh rnarket value ot tko Property I f inendi�at�
<br /> �elae the ukinp. My bdar►r,e shaN be paid to Borrower. In ihe event of a partiel takinc� of the Roperty
<br /> vaWe of the F�opetty krKnediatdY beloro the tekhg is lesa than the amaunt of the surte� secured immedlately beforo the takin0�
<br /> unless Bortowx and Lunder othe+wise egree In writing or unless appllcaWe {aw otherwise providea, the prxeeds shaN be
<br /> applbd to the suma secstrod by lh{a SecurfSy Inatrument whetfier or not th�e sums are then due.
<br /> B the Property�a �bando►►ad by Bomower,or H, aftor �o8ce by Lunder to Borrower that the condenmor ottero to niake A�
<br /> awud or settle a dafm tor dun�ges. Bo iowx oceeds, aRsn ptlon`efther to hreatonUon or ttepnk of the 1hPropsrry e or to�he
<br /> Lend� Is�uthaized to coMect snd �PPN Pr
<br /> awne seared by thle Seaiiity Instrument,whether or not then due.
<br /> ' Unleta Lender snd Borrower othawlse agree In w�idny, eny appNcaUon of proceeds to prinafpni ehnN not exlend w
<br /> . postpone the due deta o1 the monthy p�ymente refeRed to In pangraphn 1 md 2 ar change the amount of suah paymente.
<br /> 1�,gorraw�r Not Rel�aa�d; FaKb��rsnc� By L�nd�r Not a Wdvor•Extensbn of the tkno for payment or
<br /> �cation oi�mortizaUan of lhe sume secured by this Security Instrument grnnted by l.ender to�ny suaceaaof fn Mtenat of
<br /> gp�rower ehal n�t open►te to rele�ae the Habllity o1 the origlnN Borrower or BoROwer's successora In k►terest. Lender shaN not
<br /> be requk�d to commence Proceedkip� i9a�^st sny succesaor In {nterest or reh►se to e�Rend tkne for psyment a othsrvvise
<br /> modiy �mo�SYietlon of the oums oecured by this Security Instrument by reason o1 any denvnd made by tho orlgh�sl Borrower u►
<br /> gqrowei s auccessoro In interost My tabeuance by Lender in exxdsing �ny �1ght or remedy ahaq not be ■ waker o1 or
<br /> pr�dude the exerdse ot any ripht nr remedy.
<br /> 12. Suec�sson �r�d Asstpns Boured; Joint ansl S�vernl !..lst�lN4y; Co-sipn�re. 'ihe coven�nts �nd
<br /> agresrnents o1 thla Security Instrument sheN bad end benefit tha successors snd esalyns of Lender�nd Borrower,subJect to the
<br /> provlsbns of psra9nph 17. Borrower's covenants end nqreemmtn eheM be Joktit end sevenl. My Botrower who co-algna this
<br /> Security lnsWment but does not exearta ihQ Note: (e)Is co•slgnk►g this Securtty Instniment ony to mn�tgago,gnnt and convey
<br /> that Sorrower'e Interost In the PropMy under the terms of this Securky Instrummt; (b) Is not personAlly obliqeted to pay the
<br /> sums ascured by thls Seairity Inatrument; and �c) Rgrees that Lender end any other BoROwer may epree to axte��d, modity.
<br /> (orbe�r ur m�cs any aax+mmaddtions with regard to the terms of thts 3ecurity Insiniment or tho Note wkhout theS Borrower's
<br /> consent.
<br /> 13. L.o�11 Cha�g��. It the loen secure�d by this Secudty Instrumont is subJc�ct to a law which sets mexknum losn
<br /> chupess,iv►d lh�t law Is fk�aNy Interpreted so thnt the k►terest or other loen charges coNected or to bo collected In connectlon
<br /> wRh the ban exceed the pertnflted limits,then: (e) eny such loan cherge shaN be reduced by tho amount necessery to reduce
<br /> the charge to the pertnitted limit: end (b) any sums already collected hom BoROwer whlch exceedod pamittad Iimfts wiN be
<br /> --- rofu�dud to 8ortower. La�der m�Y ehoose to m+�fco this refund by rcducing the{�inclpal owed under iho Notu or by malck►g a
<br /> - direct p�yment to Bortowa. tl e reTund reduces principel, tho reduotion wNl be tn►ated�a � pattW proPeYment without �ny
<br /> prepay�riait charae under the Note.
<br /> 14.NOHCH. MY notk:e to Borrower provided tor In this Security Inotrument shaq be gl+ren by d<+Wrrfn9 it or by�r.aYing R
<br /> by fKSt ckss mall unless appNcable Inw requkes uce of another mathod. Tho not�e shaN be directed to lhe PropMy Address
<br /> or�ny olhar addres3 Bomower dosignatos by noUce to Lenda. My notice to Lmder shal bo gken by fKSt dess meN to
<br /> ' Lender a addross stated hercin or any other address Lenda dosfgnatos by notice to Bortower. Any noUco provMed tor In thhs
<br /> � �_._�,......r,,... e.,a�,..y,W.r K Lender when atven as provided In thls pangreph.
<br /> SecuR�y insvumarti ano'vo i,�..�.... ..�.....�.. �.._. .- --- -
<br /> �� 15. Cyov�rning Law; SYV�1'abllity. This Security Instrument shall be govemed by tederal {aw end tho Iaw o1 thF
<br />.� wdsdiction in whlch the Property is located. In lhe eve�t that any provlslon or dause ol this Security InsWment or the Nato
<br /> .� conlNcts wrh epplicablo law. such contlict shaa not atteet other provislons of this Secu�iry Instrument or the Note which can be
<br />,_�7� ghren eltect withoul the conlNctl�ig pravislon. To thls end tho provislons of this Security Instrument end tho Note are declerod to
<br /> - be severabie.
<br />�.r;a 16.Borrow�r's Copy. Borrower shall ba gken one contarmed copy of the Note end ot thls Sesuriry Instrvment.
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