|
� T . � i .. � -�_
<br /> `t `v,r.,'•� � - ` �ti� .,.: t- 4 -�
<br /> y .. . .. . ' .. . _ �t. ��4 .. �. k �.V.:
<br /> V 4'.f ` . _ {� ' Q�.
<br /> _ t- ,,.f-. t �,. �. ' -r., � _.t �t /, ,4e E. �if � � ^ . �..
<br /> _ � . - - - - c..-
<br /> .. .- � f
<br /> ' � . ,<� •`. � Bnnower may aie sueh a defautt and rehts�ie.as provtded tn para�aph 18. by eausing tAe action or proceeding to be
<br /> ... `' � diso�lssed withh a ruGn�that in Lender'a 800d fatth detenntrsaHon.Predudes krEefh�re o!Me Bortower's Interest tn ihe Prcpety or ,E^`
<br /> ' ' f of tfie Ua�aeaded by ffi1s SewRry tnstrument or Lenders seaattyr interest. Borrowv sha0 aLso be in -
<br /> �t .: , othv materbl i�a4meM . .
<br /> • �`��� ` delauR H Bortower,durtng the toan appi�tnn proeesa.gave mate�taity fa[se or tnaccurate iMormaUon ar stffiemeMS to Lender(or _
<br /> _` • ; taited Eo praxida lender wM eny mafedsl itdameatton) in conneciton witfi Ne toan e+�idenced by the Note. Indudtng. but a�
<br /> . �.�. : .. � `:` Qrtdted to. cepr�ese�rtaUons coneerning Bocrawer's aaupanc/ ot the F§operiy as a prtneipal residence. If thb Securtt�
<br /> • • c ` ` Instrument Is on a teaseho t d. Borrower s h a l l eamp l y w h h a(1 f h e p ro v l s t o n s a! t h e t e�s e. (f B o r ro w e r a c q u i r e s t e e ti U e t o t h e� �.
<br /> ' . `r PropeAy the teasehoid end the tee tlUs sha0 nat m�ge untess Lender a�ees to the merger ta wriUng. -� �• ;
<br /> = ' 7.�fOEOdtOfl O!L9ildA�'e Ri g M 9(h t h6 P r O�e t t y. H 8orrower f a i t s to p e t t o rt n U e e o v e n a n t s a rt d a�e e t n e n t s 0�'
<br /> . ,, caMalned(n this Securiiy Inshument. or tAea is a Isgal proceedrLq tdai may sI�ificanity aftect Lender's dghts in the ProDe�ty�
<br /> � . .: � (such as a p�etQng in baniauptcy.Prcbate.t or con demn a t i an or 4o r t d t ure o r t o e n i o a e t a w s a r r e g u t a t i o n s).t h e n L�der may�{+
<br /> � do and pay tot whatever fs�e�y►to proted the value of the RropeRy and Lender's dghts N the PrcpeRy. Lender's actlons� , .
<br /> 1.-�-�� may hsctude PaY6►9 enY sums secured by a Qen whieh has pdority over thfs Securtry InsUvment aPA�9 fn cowt PaY�9
<br /> �� reasonabte atiomeys'tees and entedng on ihe Fropatyl to make repafrs. Nthaugh i.�der may tatce ectton unQer this pera�h `-
<br /> . �`.,....
<br /> �• .`
<br /> � ' � 7.Lertder does not have to do so. 3� '. °
<br /> . ` qny emo�mts �sbwsed by L�der under patagraph 7 s7�aB become add'dianai debt of Bo�row�seatred by this Securfry �
<br /> " � Instrumpnt Unless 8artow�end Lertder agree to other tertns ot payment,tAese amounts sha0 bear trderest from the date o1 _
<br /> : . �sDursemer�t at the HoDe rste and sfiali be PaYabta.w�A interest uioon notice from Lender to Bormwer requestlng RaYment �,," �".
<br /> 8. MOttQ'dge ffl3ureliCO. It Lender required mortgage insurartee as a canditton ot matdng the toan secured by this ',., �,.
<br /> `< . . , Secvrtty instrumenf.Bartower shaU pay the premtums requtred to malnTain the mo/tgage U�surance tn eft�et H tor�sy reason.the `' =
<br /> % `.� moct¢ge insuranoe coverage�tred 6y Lender hapses or ceases to be in eftect Bortower shall pay tha pr�nUm�s�equUed to �
<br /> •`� to the �"`• `';`
<br /> � :` oblain cav�age substentiaQy equivaTe�t to the moRgage insurance previousry fn eifet�.at a cost subsmntlal�f equival�t
<br />_-. . : � l`,;:. eost to Borrowet of ths mortgage insurance prevfousiy in etfed, ircm an at[emate mortgage insurer appmved by L�tder. Ii
<br /> su6stanila6y equlvaierd moRgage insurance cmreraqe is not ava�abt�Borrower shaU pay to LenQer each month a sum equal to
<br /> , aneNr�tfth of the yeaaty moRgage tnsurance p�emium be(ng paid by Borrower when the tnsttrance coveraSe tapsed or ceased to
<br /> .� ,: ,. � he m c�Bed LeRder w�aee��use end reta6�these payme�rt.s as a toss reseve 6� Ueu of cROftgags insuranc� Loss resave .,
<br /> . .. , ; . paym�Ss may no to�g�be�ed,at the optton of Lender,H mortgage Insurance covetage(�the emourrt and for the patod
<br /> � � �•;. thffi Lertder�cNires)Provided by an insure� appmved by Lend�agein 6eeomes avai7able am�is abtafi� Borrnwer shsD pay
<br /> - • � the premh�r��ed to mair�iln mortgago tnsurance tn eftect.or to provfde a toss rese�v�u�the ce�t:�eent tor mortgage ::.,.Y;:.
<br /> _ . . .. .. - Ulsurartce ertds itt eao�ance w�h eny wrttten egreert�ertt between Bortower and Lender ar�ie taw.
<br /> ' '. .: � . 9. I��$Ot1.Lende►or fts agent may m�1ce reasonabfe�tries upon and Inspectlons cE tfie Froperty. Lender shsU g(ve •
<br /> J��. Barrawer natice g[tAe tlme of ar prior W an inspectlon spe�ying re�sonabte cause tar the oi�ection. ,-'�
<br /> � � t0. CoAd'CL�7n8tton.The proeeeds o}any award or�i.zs tor�mages.�red or consequenUal,fn connecHon wfth any
<br /> • ' ��'A� .: condenmation or other taldng of any part of the Prope�ty.or tar comayance in�eu ot condemnatlon. are Rereby assigned and
<br /> _. ... .. . . ,�:- • sha0 be pafd to Lender. °--
<br /> . ' In"the evertt ot a Wtel taWng M the PrapeRy. ffie ga¢ceeds sha0 be epp4ed to the sums seeureai by thb SecurKy► .
<br /> � � . r.:� InstrumerA,whethe►or no!then due,w3th any►exeess patd to Ec�rawer. !n the event of a partlal tatdn9 a1 the PropeRy in which '
<br /> ' "• ' Ne tatr market value of the Propetty Unme�atdy bdore the�g is equal to or�eater ihan the amouM of the sums seared ••• �
<br />- � �'.• * by thts Seairity instrumertt immedlateiy betore the taldng, uniess 8orrorver an0 L en der o t he n v f se agree i n w r i t T ng. t h e s u m s ,"'=i,
<br /> - � ' seared by th(s Sewrity fnstrument shaU be redueed by the amount of the proceeds mutGp�ed by the foUo�cs�g fradton: (�)the ���
<br /> �''�,y totel amaurrt oi the sums secured tmme�atery be(ore the tafdng,diviQed by(b)the isir maricet vetue of the Properiy(mrne�atety -''��=-'��
<br /> �: ; .. �c�c�e the�Sdng.My balance shall be paid to Borrower.In the eveiR of a pardal taldng oi the Ptoperry in whtch the fair madcet ��:
<br /> � ' �Ysa o1 the PropeAy imme�atety betoce tha tatdng Is tass th�s the emount of the sums secumd irtane�afety before the teking. �,`
<br /> .... •';'�.y;ti'.-� .: � urJ�ss Bortawer end Lender otherwtse a�ee in wdtkig or �r.�ss apppeabte faw othenvise prov(des, the proceeds sha0 be ,
<br /> � -
<br /> . aptT�ad to the sums secured by this Securfty►InsWment vfielher os not the sums are then due.� �t�;,�
<br /> � . �• if the Properry is abanduned by 8orrower, or H,after naUce by lender to Borrower thai the candemtrar o�ers to make en :
<br /> • award or settle a daim for �mages. Bormwer falls to�espond to Lende►wfthin 30 days after the date the noUee ts gMen. �
<br /> . ' �. � Lcf,�r is author(zed to cotlect and appry the proceeds,at�s optlon,erifier to restoratlon or repair of the Froperty or to the ��y
<br /> �`•. .' . �u.rs se�ed by th(s Seeurily tnstrument,whether or not tt�rr.�e. --_-'
<br /> _. .. . ' � , Untesa Lender and Borrower othe�rlse agree In wn'�i�r�. any apptication of proceeds to pdncipai sha0 not e�Re�t� or E�-�.__
<br /> � poslpona the due Aate ai the monthty paymerAs re(emed to i��aragrapfis 1 end 2 or change the amourt at such paymerrts. E ---
<br /> � �1 t.8o�or Not Released; Fael�arance By Lend�9r No4 a Watver.Extension oi tt�tlme tor paymerrt or �
<br /> - mod3acaUon of�Uon of the sums seam2�by this Security InsRUment g�anted by Lender to any successor tn interest of � :�—
<br />
|