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<br /> • , Bortnwa mey cure such a deUufl end relnet�te, ea provided In parapraph 18, by uusfnp the action or proceedM�q to be
<br /> i • dlamiseed wlth■ ruling ih�t.In Lender'e pood 1�Ih determin�t!on, precludas iortelture of the Bortower'a Intereat In the Property or _
<br /> • other materlal Impalrment of ihe Ilen cre+ted by thla Security Inalrument ar Lender'e aecudly Interest. Bortower ah�N�Iso bs In �, 3
<br /> defaull II Hortower,durinq the loen appllcetlon procesa, geve mntarl�lly talee or Ineccurste Information or atRtemente to Lender (ar
<br /> teNed to provide Lender wlth eny materlal Inlortnatlon) in connectlon wlth the loan evidenced by the Note, Includiny, but not �.:;.`
<br /> ` Iimlted ta, reproaent�llona conceming Bortower'a occupmcy of lhe Property �s e princlp�►I rosidenco. It thla 9ecurlty E:..-
<br /> i, Inatrument la on �leaeehold. Borrower ehall comply wlth e:l the provlalon� 01 the lea�e. N Borrawer acqu{ra� tee tltle to the� !!�v`
<br /> ���
<br /> � Properry,the leasehotd end the tee�itle ehall nW merga unleas Lender ngrees to the merger In writinq. �r,_,Q
<br /> f. 7, prpt�ctlon of L�nd�r s Rl�ht�In th� P�op�rty.11 Borrowe+r talle to pe►form the covenento end agreementn 1 __
<br /> contoined In thls Securiry Instrument, or there Is e legal proceeding that mey slgnilicanty effect Lender's rlghta In the Property�
<br /> (such as s proceeding in bank�uptcy, probate,lor condcmnnUon or forfcituro or to snforce lawe or regulations),ihen Lender may"N �L�'
<br /> *,:� do and pay tor whatever Is necesssry to protecl the value ot the PropeRy and Lende�'s dghts In the Property. Lende�'s actlons 0 -
<br /> '� may include paying any sume seeured by a Yen which has prlodty over this Security Instrument, appearing in court. peying _
<br /> r _...�' rensoneble sttomeys' fees and entedng on the PropeRy to make repalrs.Aithough Lender may take action under thls paragraph � _
<br /> �,� 7,Lender does not have to do so.
<br /> •t My amounts disbur6ed by Lender under paragraph 7 shell become additlonal debt oi Borrowor secured by thls Seeurity Q1
<br /> Instrument. Unlesa Bortower and Lender agree to other terms of peyment, these amouMs shall bear Interest hom the date o1
<br /> l. � disbursement at the Note rate and shall ba payable,with Interest. upon nodce trom Lender to BoROwer requesting payment. __
<br /> 8. Mortgag� Insuranc�. If Londer requlred moRgage Insurance as a conditbn of making the loen secured by this
<br /> ' !' Securiry Instrument, Bortower shaN pay the premlums required to malntaln the mortgage Insurance in eifect. If,tor any reason, the
<br /> mortgage insurenca corerage requlred by Lender lapses or ceases to be in ettect. Borrower shall pay the premiums requlred to
<br /> � obtatn coverage substentiaHyr equivalent to the mortgage insurence previousy In ettect, et a cost substantlalty equNalent to the
<br /> ` eost to BoROwer of the mortgage fnsurance previousry In eftect,from �n eRemate moAgage Insurer approved by Lender. If
<br />;��'t �' aubstanliely equivalent mottgage Inauronce coverage Is not availe�ble, Bortower ehaA pay to Lender enah month s sum equel to
<br />-' � one-tweMth of the yea►h/morcgage fnsunnce premtum being paid by Borrower when the Insunnce covenge lapaed or ce�sed to
<br /> be tn eHect. Lender wW accapt, uae and reUh these ptyments as a loss reserve in iieu oi morlgage fnsurance. Loss reaetve - -
<br /> • p�ymente may no longer be requked, et the opUon of Lender, if mortgage insurance couerage(in the amount and for the period
<br />' that Lender requfros) provided by en Insu�er epproved by Lender agaln becomes avaitable and ts obtained. 8o►rower shail pay
<br />�,4T .� ..� the prwnlums requlred to maintain mortgage insurance In ettect, or to provide e loss reserve,until the requirement for mortgag° �
<br /> insunnce enda In accadance wRh any wrftten�g►eement between Borrower and Lender a applicable taw.
<br /> 9. (t18pYCtlOn.Lender or its agent may make reasonable entries upon and Inspec�lons ot the Property. Lender shall gi�e
<br />-:`:"r+��..'!,j I 8orrower noUce 4t the timA ot or pdor to an inapectlon specilying reasonable cause tor the(nspectfon.
<br />=' ' 10. Cond�mn�tiOf1.The proceeds of any swArd or claim tor demages, direct a consequential, in connectlon with any
<br /> ;�'� ' ' condemnaUon or other taking of any part ot ihe Propeity, or for conveyance in Ueu of condemnstlon, are hereby assigned and
<br />_���•• � • shdi be paid to Lender.
<br />�;��,t;;= t-'' In the event of e totel taking oi the Propedy. the proceeds shA11 he appded k the sums secured by this 3ecudty
<br />�.• .. '� Instrument,wAether or not then due, vAth any excess peid to Bortower. In the event ot a partial tektng of the Property In which
<br />-±'�:�'.�,��" " tq� {�x sr�.s+��; :•�ass of lt�p pfe,pp►ty immedlatdy betore the taWng is equal to or greata then the amount of the sums st�cured
<br />�;;,�;��y� by this SecurUy Instmmenl immediatey before the taking, unless Bonower end Lender othervvise agree in wtiting, tne aums
<br />�.°,-�`���k � eecurod by thls Securiry Inatrument shill be rcduced by the amount of ihe proceeds rnuAlplled by the foilowing fracUon: (a) the
<br />?�+�'�,j;�= totel amount of tha sums secured immediately betore the teking, divided by (b) the tair marlcet value of the Property M�mediately
<br /> --:.�Si.��,� betare the takhg.My batance shaH be paid to BoROwer. In the event of a partlai teking of the Property in which the fak maricet
<br /> Y��,��� value of the Property Immedietey before the Uktng Is less than the emount ot the auma secured Immedlately before the t�king,
<br /> - unless Borrowor snd Lender otherwise agree in wrtting or unless appiicable law otheiwlse provldes, the proceeds ahall be
<br /> _-"-_ appNed to the sums secured by this Security Inatrument whether or not the sums aro Zhen due,
<br /> If the Propetty ta�bandoned by BoROwer,or N, aRer notice by Lender to Bortower that tha condemnor ofters to make an
<br /> eward or ae►tle � daYn for dameges,Borroww teYa to respond to Lentier wkhin 3�dtyn�ftx the d�te ihe notice la pfven,
<br /> _�-a- Lendx Is wthorited to coNeat and �ppy the proceeda, nt fts opUon, e#ther to restor�Yon or repdr of tha Property w to the
<br /> aums secured by thia Secwily Instrumant,whelher or not then due.
<br /> - Unlesa Le�der �nd Borrower othawise agree Irt w�itk�g, any appNation of p�xeeds to princlpal ahaN not extend or
<br /> � postpone the dus d�te of the monthty payments rofxred to in panyn�phs 1 and 2 or chu�ye the�mount of auch paymentR.
<br /> 11. Borrow�r Not R�I�as�d; Porbearwtic� By l.�nd�r Not a Waiwr. Extensbn of the tims tor p�yment or
<br />--- modiAcaUan of amorduUan of ihe sums securcd by thi�3ecurity Instrument granted by Lender to�ny successor In Intereal oi
<br /> Borrower aheN not opxate to rde�ae the Ilab�ty of the o�fpinal Bonowsr or Botrower'e successoro�In Intaroat. lender ahaN not
<br /> — be requked to co�ce proceedinps �galnst any euccesaor in intereat or retuae to extend tkne for payment or otherwiee
<br /> modiy�mordtation of the suma securcd by ihis Securlry Inetrument by re�son ot�ny dxnand rtwde by the arighid Borrowar or
<br /> --— boROwnr's aucceasoro tn intereat. My forbe4rance 6y Lmder In exerclsk►g eny right or remedy sh�U not be a waiver of or
<br /> �� preclude the exercise ot �ny rlght or remedy.
<br /> 12. Succ�sscxs �nd Asslqns 8ound; Joint and S�v�ral L.I�bitHy; Co-sl�n�n. me coven�nts �nd
<br /> egreements of thl9 Security InaGument ehsN Nnd and beneAt the auccessora and assigna of Lender�r►d Bonawer,subJect to ths
<br /> provisbns o1 pangnph 17. Bortower's oovenunta and agreements ahnN be Joint md eeveral. My Bortower who co-elyna this
<br /> Securiry Inatrument but does not executo the Note: (�)Ia co•aigning tAia Security Instniment ony to moApaye,qnnt and convey
<br /> that Barower's Intere�t in the Properry unda the tenms of this Securtly InsUument; @) is not petsonaly obNp�ted to pay the
<br /> sums secured by this Securtry InsWment; and(o)agreea that Lender and any other Bortower rn�y a�ee to extend, modHy.
<br /> — forbar or meke eny�ceommodaUona wRh rcgard to the terms ot thls Security Inatrument or the Note wRhout that Dor►ower's
<br /> consent.
<br /> ______� 13. LO�n Charysa. I} the loen secured by thla Secudty Instrument Is sub�ant to e law which sets maxMnum loan
<br /> --__ _= chargea, end that Isw Is flnally Interproted so thet the Interest or other loan eharges colleded or to be coNeated In conneciinn
<br /> --- with the loan exceed the pamitted Iimts, lhen: (a) any such loan chuge shall be reduced by the amount necessary to reduce
<br /> --= :�.� the charge to the permiKed IimR: and (bJ nny aums alreedy collected 1rom BoROwer whlch exceeded permitted IImRs will be
<br /> _= :��,:;�� retunded to Bortower, Lentla may chooee to make thia retund by reducing tho prindpd owed under the Note or by makiny�
<br /> =�?"tt.: : direct p�yment to Borrower. I} a retund reduces principnl, tha reduction wiq be treeted ns a partlal prepayment without any
<br /> �'����� prepayment charpe under the Note.
<br /> —�1:1�;���
<br /> _ ,.y,,, 14. NOtiC�s.My not�ce to Bomower provided fur in thfs Securtry Inatrument ahu be yhren by deNvetMiq it or by mafNng
<br /> -T�•'''i'�•��� by flrst ciase m�fl unless appllcable kw requlres usa ot anothcY method. The noUce ehaN be dkected to the Prope�ty Address
<br /> -.- �.��
<br /> -_���-� or any olher addres� Bortower dealgnates by notice to Lender. Any notice to Lender ah�ll be piven by firot ckss meN to
<br /> ��.,r�. _.�.�._.. «.�... �,..��,. .�� nth�r oddrass Lender desionates bv noUee to Bo►rower. MY noUee provided tor In thfs
<br /> - Security Instrumcnt ahnll be deemed to have been given to Botrower or Lender when pNen ns provided In this paragraph.
<br /> .-�•z--��'`• 1b. Gov�rning L�w; Ssverability. This 3ecurfty Instrument shaN be govemed by tedera! law end the kw af the •
<br /> '�SSAF�,-..._.,.�,r
<br /> -`-"""����:� Ju�isdletion fn which the Prope�ty Is located. In the event that eny provislon or ciause of this Securily Inatrumenl or the Note
<br /> ,r;r,._,�_;.�;t!�, conAicts with eppltcaWe Iaw, such conflict shail not atleot other provfsions ot this Secu�ity Instrument or ihe Note whlch can be
<br /> - ��'�;:;w-��E glven eNect wRhout tho conflicting proviston.To this end the provisions oi thls Security InsVument and th�Nota aro declared to
<br /> =-�;_,'•:, - : be severcbte.
<br /> -- � ;.�a4: 16. Borrow�r's Copy. Bortower shell be given one contortned copy of the Note and o}this Seeudty Instrument.
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