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<br /> �Borrower may cure such a defAUlt �nd relnstate, es 'provlded in paraqreph 18, by causing tho actlon or proceoding to bo � --
<br /> • • dismissed with a ruling ihat. In Lender's good faith determinatlon, precludes foAeiture ol tho Borrower's Interost In Iho Property or ;''i
<br /> � other meterlal Impxirment o1 the Iten created by thla Secudty Instrument or Len der's socuri ry Interest. Borrowor shall also bo In `,`,�`._�
<br /> default il Bortower,during the loan epplicstlon procnss,c�ave meter6zfly 12ISe or Inaccurate Inlormation or ctatemenis to Lender(or .
<br /> � iallod to provide Lender wlth any materia! Inlormatlan) In connecN�n w�lh the lo3n evidenceci by tho No1o. fncluding. bu1 not
<br /> ; Ilmlted to, representullons r.onceming Borrower's occupuncy of the Property as e pdncipal residence II thfs Sacurity ,:.,'
<br /> Instrument is on e leasehold. Barrowor shell comply with all the provislons ol tho lease. II Borrower acqulros�co tulo to th� `�
<br /> � Property,the leasehold end the lee title shnll not merge unless Lender agrees to the merper in writing.
<br /> � 7. Prot�etlon O}L�nder's Rlghts {n ths Property. If Barower feils to pedorm tha covennnts und ogreoments 1 _
<br /> .� contained In thls Secuhry Instrument. or lhere Is a legel proceoding thai may signiflcantly eNect Lender's rights in the Property _'
<br /> � (sur,h es a proceeding In bankruptcy. probato, ior condemnatlon or fqrfeiluro or lo enfnrco Wws or reguletlons), then Lender may~
<br /> ldo and pay tor whetever Is necessery to protect the value ot the Properry end Lender's riyhls in thc Property Lcncier's octfons —
<br /> � may Include paying any�ums secured by e Ilen whlch has pdorfty over thls Securiry Instrument. nppearing In court, payin �i��
<br /> ___,_.r_� reasonablo attorneye' fees end entedng on tho Proparty to meke repa�rs.Although lendnr may take actlon under lhls paragrep �_,_�
<br /> ,r,.:� 7. Lender does not nuve io du bu. �,� =—- -
<br /> ; Any amounta diabursed by Lender under parngr�ph 7 shall become additlonal debt oi Borrower socured by this Secunty��
<br /> � Inotrument. Unless Borrower end lander agree to oth�3r tQrmu ot Rayment. these emounts shall bear Interest irom the date ot
<br /> � dlsbursement at tha Note rata and shpll be paynblu, with lnterest,upon notice irom Lender to Borrower requesting payment.
<br /> 8. Mortgagt �n9U�Y11C�. It Lender requlred martgage insurance as a condipon of muking the lonn secured by this — --
<br /> Security InstrumenL Boirawar shsll pay thn premluma required to malntain iho mortgaga Insurance In eftect. If,for eny reason,the
<br /> martgage Inaurrance coverage requlred by Lender lapoea ar censes to be In effect.Borrower shall puy the premluma requtred to =.
<br /> abtaln covamge substentlaly equlvnlsnt to tho mortgage Insurance prevlousiy In eflect, at a cost substantially equivalcnt to ihQ
<br /> coet to Borcower of the mortgage (naumnae prevlously In eHect, trom an altemale mortgege Inourer approved by Lender. If F_
<br /> subatnntially equlvelent mortgage Insurunce covaruge Is not availeble. Bonower shan pay to Lender each manth a sum egual to _.
<br /> ane•iwelfth of the yeaHy mortgnge inaurrinGe premium being oaid by Bonower when the insurance coverage lapsed or ceased to
<br /> , � be in eNec4 Lender w01 accept, uso ane� retain thRSe payments as a loss reserve in Ileu of mortgege fnsurance. Loss reserve F
<br /> payments may no longer be reqwred, at thn option of Lender, I(morigage Insurance coverege (in the emount and tor the period
<br /> that Lender requlres) provided by an Inaur�r approved by Lender ageln hecomes evaliable And is obtained. Borrower shall pay
<br /> the premiums required to malntain mortgagu insurance in eHect, or to provide a loss reserve, until the requirement for mortgage
<br /> insurence ends in accordance wlth any written agreement behveen Borrawer and Lender or applicable law.
<br /> �:, 9. In�pection.Lender nt its agent may make reasonable entrles upon end InspecUons of the Property. Lender shall give
<br /> Borrower notice at lhe Ume ot or prior to an Inspectlon specilying reasonable ceuse for the Inspectlon.
<br /> ' 10. COndem�litlOn. The proceeds of any eward or clalm for damagec. direct or consequential, in connectlon with any
<br /> condemnatlan or olher taking oi any part of the Property, or tor conveyance in lieu oi condemnation, are hereby assigned and
<br /> shall be pald to Lender.
<br /> In tho event oi e totel taking of the Property, the proceeds shell be applied to the sums secured by thls SecuMty
<br /> Instrument,whetha or not ihen due,with any excess pald to Borrower. In the event of a partial taking of the Praperty In whfch
<br /> the felr market value oi the Property Immediately before the taking is equal to or greater ihan the emount of ihe sums secured
<br /> n� by thfs Security Instrument immeaiateiy beiorn ti�n Iui�i�, urtss� Sar,cr:as 3.Rd Lendp�nthpnvise agree In writing, the sums
<br /> �'�� secured by ihis Secudry Instrument shali be reduced by the amount o1 the proceeds mu�iplled by the foilowing haction: (a)the
<br /> total amount of the sums secured fmmediately before the taking, divided by (b) the talr merket value of the Proporty Immedlately
<br /> before the teking.Any balance shall be pald to Borrower. In the event ol a partlal taking ol the Property in whlch the lair market
<br /> value of the Property Immedlately before the taking Is less than the amount of the sums secured Immediately before the taking,
<br /> ' unless Borrower and Lender otherwlse agree In wdttng or unless applicable law othen+lse provldes, the proceeds shell be
<br /> applled to the sums secured by this Security Inatrument whether or not Ihe sums ere then due.
<br /> Ii the Prope�ly 1s ebandnnPd by BoROwer, or it,after notice by Lender to BoROwer that the condemnor otters to make an —
<br /> ,• award or settle a clelm tor damages, B0 the prooeeds, atgtsnoptlon` her tothlost rat�lonsorrrepalr of the P operty or tolL h
<br /> . l.ender Is autho�ed to collect and appty
<br /> sums secured by lhis Secudty Instrument,whether or not then due.
<br /> fi Unless Lender and Borrower othervvlse agree in writing, any eppUcation ot proceeds to princlpal shell not eMend or
<br /> , �; postpone the due date of lhe monthty payments referted to in paragraphs 1 and 2 or change the amount of such payments.
<br /> ;� 11. Borrowar Not Released; ForbeArance By Lender Not a Waiver. Extonsfon of the time for payment or
<br /> • modiflcatfon of amortlutlon of the sums secured by thls Securiry Instrunent granted by Lender to any successor In Interest of
<br /> Bortower shnll not operate to release the Ilability of tho orlginel Bortower or Bortower's successors In Interest. Lender shell not
<br /> be requlred to commence proceedings against any successor in Interest or retuse to extend time for payment or othetwlse
<br /> ' modity amoRlzaUon oi the sums secured by this Secutlty Instrument by reason of any demand made by the odginal Borrower or
<br /> Bortower's successors in Interest. Any forbearance by Lender in exttcising any right or �emedy shall not 6e a walver of or
<br /> � • preclude the exerclse of any right ur remedy. Co-si ners. The covenants and
<br /> ' 12. Successors and Assigns Bound; Joint and Several Uabltity; g _
<br /> agreements oi this Secu�ity Instrument shall bind and bennfit the successors end esslgna ot Lender nnd Borrower, subJect to the
<br /> ., provlslons oi paregraph 17. Bortower's covenants end agreements shall be Jolnt and several. Any Bonower who co•signs this
<br /> � f- Securily Instrument bul doea not execute the Nate: (a)is co•signing thls Secu�ity Instrument ony to mortgage.grant end convey
<br /> '� ; , that Borrower's Interest in the Property under the terms of this Securlry Instrument: (b)Is not personally obligated to pay the
<br /> � �! � sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may apree to extend, modify,
<br /> � forbear or make any accommodatlons with regard to the tertns oi this Security Instrument or the Note without thet Borrower's
<br /> `;? consent.
<br /> ,' 13. Loan Charges. If the loan secured by this Secudry Nstrument Is sub�ect to a law which sets maximum loan __
<br /> �� charges, and that law Is flnatly interpreted so that the interest or other loan charges caqected or to be colleCted In connectlon �.
<br /> with the loan exceed the permitted Iimits, then: (a)any such loen charge shall be reduced by the amount necessary to reduce _
<br /> the charge to ihe pertnitted Iimit: and (b) eny sums already colleded trom Borrower which exceeded permitted Iimits will be
<br /> >�: retunded to Borrower. Lender may chaose to make this refund by reducfng the principal owed under the Note or by meking a
<br /> . direct payment lo Borrower. If a refund reduces principel, the reduction wfll be treated as a pertial prepeyment without eny
<br /> prepayment charge under the Note.
<br /> 14. NOtICes.My notfce to Bortower provided for in thls Security Instrument shaE be given by delivering it or by mailing it
<br /> by first class mafl unless applicable law requlres use of anothe�• method. The notice shall be directed to the Property Address
<br /> • or any other eddress Borrower designates by notice to Lender. Any notice lo Lender shall be glven by ftrst cless mafl to
<br /> Lender's address staled hereln or any other address Lender designetes by notice to Borrower. My notice provided tor in this
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<br /> Security Insttument snan oe deemea co neve oeen g��e�� ��o���.,..� �, ������. •• y•-•• ---�•-••--- -
<br /> 1b. Governing Law; Severability. This Socurity Instrument shall be govemed by tederal lew and the law of the
<br /> Jurfsdictfon fn whfch the Property fs located. In the event that any provislon or clause of this Securiry Instrument or the Note
<br /> confllots wdh applicable law. such contlict shall nat aflect other provisions ol this Security Instrument or the Note which can be
<br /> given eHoct without Ihe conilicting provislon. To this end the provisions of this Security Instrument end the Note ere declared to
<br /> be severable.
<br /> " 16. Borrowa's Copy. Borrower shall be given one conlormed copy ol the Nate and of ihis Securiry Instrument.
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