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<br /> Borrower m�y cure �such n deteufl and relnstate, as provldad In pnrngreph t8, by causing the actlon or proceedinp to be �,�,�„�,�,.e_��.
<br /> � dinmtaesd wlth s ruling Ihat.In Lender's good t�ith delerminetlon,produdes forfeiNre ol the BonoweYs Interest in lhe Propedy or : ,;�rd�{"�{t.r��3.,
<br /> i other melerlal Impalrmenl 01 Ihc� Ilen crealed by thls 3ecudty Insirument or I.ender's aecudty lnterest. BoRawer ahall dso be in �i
<br /> deleult tl Borrower. dutlnp the loan appllcation procoso. Qa�o maleriely felco or Ineccurete Inlormntlon or �tetemente to Lender(or •
<br /> Ialied la provlde Lender wlth eny m�torial Inlomiatlon) In connectlon with �ha beri evidenced by the Note, InGuding, but not
<br /> Ilmited lo, represent�Uons concernlnq Bonower'e occupency ol the Properry A9 A phncipal residence. II thls Security
<br /> Instrument la on a leesehold, Borrowa eholl compiy wilh eil lha provlsione of Iha lease. If Borrower acqulroa leo tltle to the
<br /> Propeity, Ihe leasehold�nd the fae title shall not merqe unlesa Lender nqraos to Ihe merger in wdling. �,
<br /> 7. PtOt�Ctlon of L�ndor'• Rl�hts 111 th� Prop�rhe.II eurrower ldla to peAorm the covonants rnd agreemmts ��
<br /> contelnod in thls 3ecudty Insirument. or there b a legel proceedln(� ihet mey 3lqolticently ettect LenAer's righta In the Property
<br /> � (such es a procoedinfl In bank►upicy, probate. lor conJe�nnelion or loriclturo or to enforcc laws or reguintlone). then Lender muy
<br /> do end pay for whetever is necesaary lo protect the value of thB Property end lMder's �ightc In the Property. Lmder's aclions , :_
<br /> � may Include peying any sums secured by e Aen which hss pdodry over this Secu�lly Instrument, appeadng In couA. paying ,r�+_•
<br /> ,,,.,.r+ reeaoneblo ettomoys' tees end entering on the Property to meke repalrs. Although Lender may teke actlon under thls peregreph �;�
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<br /> � ,�* 7, Lender does not have to do ao. •�''J� � =�-=`-
<br /> My amounta disbursed by Lender under paragraph 7 shatl become additlonal debt ot Borrower secured by thls Secutity . ,,� '• .� __�
<br /> Instrument. Unless Bortower and Lendar agree to other terms oi peyment.these amounts shall bear Interest hom the date ot
<br /> ' cLsbursemmt at the Note rete end shall be payable,with interesl, upon notice from Lendar to Bortower requesting paymmt. .: .,_:`L_.u�R` ,--- -_
<br /> 8. Mortg�g� Insur�nw. H Lender required mortgage Insurence es e con6tfon of making the ioan secured by this ,�m;._�__
<br /> Sacurity Instrument, Bortower sha�pay the premlums requlred to malntain the mongage Insurance In ettect. It(or eny reason,the ,�'g�t._!�:;-r
<br /> ' • mprtgage Inourance coveraga requlred by Lender lapses or ceeses to be In effecl, Borrower shall pay the premlums requlred to � y�.';_
<br /> obtain coverage substantialty equNalent to the mortgage ins�ronce prevlousty in etfecl, at e cost substantlaly oqulvalent to the ;`�;�,��
<br /> cost to Borrower of the mortgego Insurance prevlousy In eflect, trom nn eltemete mortgage Insurer approved by Lender. N ;,,,;,,�.•
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<br /> substentially equNalent moAgage Insurance coverage is not avellabie, Borrower shall pay to Lender each month e sum equd to ;�,lj-v
<br /> onrtwelfth of the yearly modgage Insurance premlum being pald by Borrowa when Ihe insurance covernge lapsed or caased to �����,
<br /> be In ettect. Lender wp accept,use end retaln these peyments as a loss reserve in Ileu ot mortgage Insurance. Loss reserve , �.�.�t::
<br /> payments may no longer be requlred,et the aptlon o1 Lender,If mortgage Inaumce coverage pn the amount and tor the period �,��;_
<br /> that Lender requlres) provided by an Insurer approved by Lender egaln becomes esva�able end Is obtalned. Bortower sha!pay ';;��.:
<br /> the premlums requlred to malntaln mortgage Insurence In eftect or to provide a bss reserve, until the requlrement for mo�tqage 'p��"'
<br /> insurance ends In accwdance with any wriqen agreement batween 8ortower and lenda or appYcable law. ��_—
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<br /> ,� 9. It18peCtlOtl.Lender or Its agent may make reasonable enides upon and inspectlons of the Properry. Lender shatl give :,�-ri.•:
<br /> BoROwer notice et the time of or prior ta an Inapectlon spec►tying reasonable cause far the Inspectlon. -_.
<br /> � 10. Condemnttion. The proceeds of any award or clalm for damages.di�ecl or consequentlai, In connectlon with any
<br /> condemnatlon or other taking of any part of the Properry, or for conveyance in�eu of condemnatlon, are hereby asslgned and �T.��,µ,:.
<br /> shall be pald to Lender. ° �����
<br /> • ' , In the event oi e totei taking ot the Properry, the proceeds shall be applled to the sums secured by thls 8eeurtry _�
<br /> � Instrument,whether or not then due,with any excess pald to Borrower. In tF�e erent oi a partial teking oi the Properly in which Y
<br /> -_-_- - iha tair muriini �aiuo �S iha f'rap��f;lmm��!s2eh; t�elere the ?ek!ng is equal to a greater than the amount of the sums sewred
<br /> { �' by this Securlty Instrument immediatey before the taking, unless Bortower and Lender otherwise agree In wrfti�g, the aums
<br /> secured by this Secudry Instniment ahali be reduced by the amount ot the p�oceeds muRlplied by the following hnction: (a) the
<br /> � totnl amount of the sums aecured immedlately before the taking, dNided by (b)1ha tair market value ot the Property Immedlatety
<br /> � betore the taking.Any balance shall be pald to Bortower. In the event oi a partlel ialdng of the Property in whlch the talr market
<br /> value of the Properry immedlateiy before the taking Is less then the amount of the aums secured Immedlately befo►e ihe uking,
<br /> unless Bonowe� and Lender otherwise agree In writing or unless applicable lew othenvise provides, the proceeds shdl be
<br /> � epplled to the eums secured by lhls Securiry Instrument whether or nat the sums are then due. -
<br /> It the Property is abandoned by Bortower, or H, efter notice by Lender to Bonower that the candemnor otlers to m�lce en
<br /> • award or settfe a ctaim for damages. Bartower talls to respond to Lender wdhin 30 deys after the date the notice is glven, rF,_
<br /> ' � Lender Ia authorized to coVect nnd apply the proceeds. at Its optlon, elther to restoratlon or repelr of the Property or to the =
<br /> � suma secured by this Security Instrument,whether or not then due.
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<br /> Unleas Lende► end Borrower otherwlae agree In writing, any application of proceeds to principal sheY not extend or
<br /> , . . �,:� postpone lhe due date oi the monthy payments reterted to in paregraphs 1 and 2 or chenge the emount of such paymenta.
<br /> . '� 11.Borrower Not Released; Forbearance By Lender Not�Wdver. Extension of the time for pnyment or
<br /> � , .p •.t, : modiflcatlon o1 emortizatlon of the sums secured by thls Secudry Instrument grented by Lender to any succeseor In Intaest ol
<br /> ` Bortower shall not oper�te to relaase the Ilabllity of the origlnal Borrawer or Barower's successors in Interest. Lender sfull not
<br />- . � be requlred to commmce proceedings agalnst any successor in Interest o►refuse to extend time for payment or otherwtae
<br /> modNy emortizatlon of the sums secured by thls Secudty Instrument by reason ot any demand made by the oripinal Bonower or
<br />� Bortower's successors in Interest. My forbearsnce by Lender in exercising eny dght or remedy shall not be a walver of or
<br />=�'� precludo the exercise of any right or remedy. "`
<br /> ' �• ' 12. Suecessors and Assigns Bound; Joint and Several Llabllity; Co-slgners. The covenants and __
<br />' agreements oi this Secu�iiy InstNment shall bind and benefit the successors end asalgns of Lender and Bortower, subJect to the ;`.
<br /> �a'�•_�,,. provislons of paragreph 17. Borrower's covenants end egraements shell be Joht and several. Any Bortower who co•signa thls ■ _ �
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<br /> Secudty Instrument bui does not execute the Note: (a)is co•signing thls 3ecuVy Instrument only to mortgage,grant end convey �'__ _____
<br />-�-� � that Bortower's Interest in the Property under the tertns oi this Security InstrumenL (b)Is not personaly obugated to pey the e,s,�';_ f
<br /> - - ' sums secured by thls 8ecutity Instrument; and (c) agreos ihat Lender and eny other Borrower m�y agree to extend,modily, __�
<br /> forbear or make any nccommodatlons with regard to the terms of this Securiry I�slrument or the Note wfthout thel Bortower's �•������_,.
<br /> .� consent. `�.��_�=�-'
<br /> 13. Loan Chil'geB. I(the loan secured by thls Securily Instrumenl is sub�ect to a Iaw which sets meximum toan �'�--�_
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<br />_ charges,and that law is 6nally Interpreted so thet the Interest or other loan charges coVected or to be collected In connec1lon �;;_�_,--�
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<br />' �. . with the loan exceed the permltted Ilmits,then: (a) any such loan charge sheY be reduced by the emount necessary to reduce ; :� .• �
<br />- the charge to the permltlod Ilmit; and (b) any sums already collected trorn Bottower which exceeded permitted Iimits will be �
<br /> ` refunded to Bortower. Lender may choose to make this ratund by roducing the prhaIpal owed under the Note or by rnaking a '"��'�'"�-°':
<br /> '' dlrect payment to Borrower. II e refund reduces principal, Ihe roductlon wi be treated as a partlal prepayment without any - r, '
<br /> •• prepayment cherge under the Note. ,+-�• .�t, -
<br /> 1A. NotiCAS.Any notice to Borrov�er provlded for in thls Secu�fty Instniment shatl be give�by dellvering it or by mefling it _;:��� :
<br /> by first class mall uNess eppliceble luw requires use of another method. The notice shalt be directed to the Property Address �
<br /> or any other address Borrower deslgnates by notice to Lender. Any notice to Lender shell be given by first class mali to
<br /> - -- --- --. . . . .. .. . •___�_ �� ��.. �LL���d.l��.. 1...,.a.,,a.,ei,...e�.,e ti„ nNiro�� RfIRfIWPf Anv notice nrovided tor in thls
<br /> —_ . ...._. Lenaers aaaress �aiau ��e.,e���.,� ���y ..����, a....�a.,.. ,....�..� ....,..,.._.__ _,
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<br /> - Security Instrument shult be deemed to have been given to Borrower or Lenderwhen given as provided in this paragraph.
<br /> _ 15. Governing Law; Severabflity. This Security Instrument shal ba govemed by federel law and the law ot the .
<br /> Judsdictlon fn which the Property Is located. In the event that any provisfon or clause of this Security Instrument or the Nole
<br />- conilicts with applicabie lew, such conflict shall not aftect olher provisions ot Nis Secudry Instrument or the Note which can be
<br /> - � given eNect whhout ihe conflicting provision. To this end the provisions ol this SQarity Instrument and the Note are declared to
<br /> l� be sevorable.
<br /> I16. Borrower's Copy. 8onower shnll be given one conformed copyol the Note end of this Security Instrument. I
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