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<br /> � � �4 ' ` • Borrower may cure suct� a detaut .�'•. reinsffite. as prcvtded in paragrapA 18, b'�'+�s�ng the ection or proceeding to tra �4 `
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<br /> �.,� .... : f•.. ; msmissed with a cuQng tt�at.In 1.�8ePs good fafth determinatlon.W'ecludes forlefWre o�a Bortower's IMa'est tn fhe Rnperty or "�.�
<br /> oth�material impa6mert o!the Iten�ed by this Secutity tnstrumart or Lender's securily InteresL Borrower shafl also be fn '
<br /> de�dt H Bortower.dusing the loan appVcatlon pracess,gave materiaUy ta(se or inamrtate(nformaUon or statements to L�de(or ' " r ,:,.`` -`
<br /> .. ''`�,"�'. faited to pmvide Lender w3h eny material Ntorm�lon)tn cannecHan with the toan ev:d$naed by the[�krta. indu�ng. but not ',4'.�'°,.. ..` - :`.
<br /> �:�.�.
<br /> , Qmlted to, rePresentaUons eoneernTng 8ortower's ocwpancy o! Ute Pmperty as a prindDal �estdence. It th(s Seauity •. •.,., �,� ,; .,,,:
<br /> . " Insttument is on a teasehold, Bortow�sha0 eompty wfth eD the pmvisions ot the teasa. I} Bortower acquires tee tiUe to the , _
<br /> � '. property.tRe teasehotd end the tea t�te shaD not merge uNess Lender e�to the merger in w�iUng. � � �.
<br /> 7.P�atectton of Lendor's RTgh4s in 4he Propeety.B eorrower ta�s to Pertorm me cavenants and a�eements � :• .< . �. `:_?-
<br /> .<'`:,: eotrtained tn ffiis Se�uityr tnstrument or there is a tegal pmcee�ng that ma5►st�ificantA►afteet Lendefs dgtits in Me Fmperly "+};`-.
<br /> .s ``'`( ,, � , ..r Jti
<br /> . � (sucfi es a proeee�ng in banfwptay.Pro6ate.tor candemnatlon or tada.�re ar to e.nterce laws or regutaUuns). then Lender may �
<br /> .+, . �`L do end pay tor whatever ts necessary►to protect the vehte oi the Propety end LenQePs�ights tn the PropeKy. Lenders adtons � � -� -5"
<br /> ` � : ��r. may incUede paytng any sums sea�red by a@en which �as pfiority over thls Secvrity instrument, apPearing in eouA. pay(ng <�+"`
<br /> -� reasonable attomeys'fees and enter(ng on the Praperty to make repa[cs.Although Lender may teke ectlon under this paraqraph � `_` _��
<br /> ;�� A ' � 7.Lend�does not have to do so. i � ,. ~,:
<br /> � . '.'_f,� Arry amounts disbursed by Lender under para�aph 7 shall becarrse addHottat deb! ot Borrower secured by tnis Secur(ty � --S �,��
<br /> -, (nstrument Untess Bortnwer and Lender agree W othP►trlms of payment.these amounts shall bear tnterest from the dafe ot �a.•�<<: � _ 4;�Y;,=
<br /> �` •• t ff s b u r s e m e n t a t t h e N o t e r a t e a n d s h a 0 6 e p a y a b t e.w i t h tr rt e r e s t,u p a n n o tl c e t ro m L e n d e r t o Borroover r e q uest3n g pa y ment � ,.�� __
<br /> ,� , : " 8. Mo7tg8g9 tttslt�8ttee. if Lend�required mortgaga insuranee as a cond6on ot making the loan secured 6y this -_ —
<br /> .;i'',°.�..-��;...
<br />- � � Seauft�/(nstrumenL Bortower sGa11 pay the premTutns[equtred to maintain the mortgage Utsutance in eftect.H,tos any reason,the -- .:h,,,:.��-
<br /> _ _ �,+;-.�.�:..
<br /> � � moRgage Insurence eaverage reqt�tred by Lender tapses or ceases to be in dfect. Borrower shall pay the premtums�equired to �,1._— .
<br /> • • ' ` obmrn coverege suhstantlaQy eyucvelent w me mongage insu�ance previousy in eReel. s1 a cost s�sranuaIIy equhralertt w me - _
<br /> " ' . � �"� cost ta Borrnwer of the martgage insurar►ce previousiy(n efle�t. from an sftemate moRgage Insurer epproved by Lender. If � 1r � —
<br /> substanUally equivalar►t mortgage insurance cov�age is not ava�ble,Barrower sE�aII pay to lender each month a sum equal to _
<br /> one-twelfth ot the yeatly moKgage fisurance premium betng paid by Bortower whan the ins�r8nee coverage tepsed or oeased to
<br /> ' be in eHeci L�der wID aceept, use and refsin these payments as a loss reseve in Qeu af mortgage in�r8nce. Loss rnsenre �`"- .
<br /> . payments rttay no(onger be required,at the optton o1 Lender,ff mortgage insurance coverage(tn the amourrt end for the pertod ��-'-
<br /> . . ' �•� thai Lender requUes) provlded by an insurer appmved by Lmd�egain becames avaIIabte and fs abtained. Borrower shall pay �
<br /> ''�`�} � �� �4���� _": the premiums required to matnteln mortgage fnsur�ce tn eftecJ. ar W provide a Inss reserve,untU the requirem�t for mortgage us. : R., .
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<br /> �� r insurance ends tn aecordartce with arry written agreemertt between Bortower ar�3 fi ender or app6cable[aw. � _, �_
<br /> -_� �• ���. - 9. (11Sp8CtiOR.Lender or its ag¢nt may rr�ks reasonabte entries uport end(ns{iectlons of Me PrapeRy. Lender shaU ghre d
<br /> � Borrower noUce at the Ume ot or prior to an(nspecUon specdyfng reasonable eause tor the inspecUon. �7'
<br /> :( .'� '•.� •. . 10. Condeaenatton.The proceed�of any a�vani or claim tor damages. �rect o►consequenUai,(n connectton wfth arry �'"`��'°",. _
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<br /> • condemnatlon or other tetdng af arry paR of the Property.or 5r comeyance in Iteu of condemnetion. ere hereby assigrted end s:� �
<br /> shatl be patd to lender. '�
<br /> ..;�*� ,. �� -�:-. tn the eveM ai a total �idng ot the Propertyr, the proceeds shaU me epP�ed to the sums secured 6y this Searity :_,<_ ..—
<br /> " � • � InsWm�t,wheiher m not then�.r witn eny excess paid to 8orrewer. In the etrenl at a parti�l tafdng of the Properly in which • .�� :
<br /> � the tatr merket vatue of the Pcop�sty tmmeQiately betore the tak�.ig is equal to or greater than ihe amourd ot the sums secured � � � -
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<br /> -I��`� . 6y this Seeur3ly InsWment immadfatey before tho isk(ng, un3ess Bocrower and Lender othennlse agree in wdting, the sums .::,:�.;+:_- --
<br />''.� ,.•.r : � secured by this Security InsBument shaU ba reduced by the emount ot the proceeds mulUpQed by tfie 4oUowing Uadtnn: (a)the _
<br /> � ° tofel emourtt ot the sums secured immediatety betore lha tatdng, divided 6y(b)the iah mar�cet value o!tfte Property tmmediate(y �—T`�
<br />��., .. . •:,,:,. " ..�.T. -_
<br />�-.. : before the taidng.Any balance shali ba patd to Borrower. tn the event of a�ttial taking of the Property in wh£ch the falr market 's`
<br />.,�.i• � :` valne o1 the Property tmmedate,y betore the tatdng ts less than the amoun:cG the sums secured Unmediatey before tbe taldng, � ,, •:�,° �;
<br />- �����'��j" untass Borrower and Lender o?herwise agree in mfUng or unless appfca�:e law othenv(se pmvldes. the proceeQs sh�.1�e . ��:; �_�
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<br /> - - applted to the sums seaned 6y thts Securiry InsVument whether or not the sscns are then due. __
<br /> '� If the Properiy is abandoned by Bortower,or il,after noUce by Lender ta�8ortower that the condemno�oHers to make an
<br /> ;" „ award os settle a daim tor Qamages, Borrower faaitss to respand to Lender ra.;�J�(n 90 days afte►the date the n9Ucs is given, � '--�-
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<br /> �" � • �- Lender is suthorized to coRect and a the ceeds, at fb opUon, either to resto�ation or re atr of the PropeRy or to ffie ."tr- �—
<br /> { PPN D7O P . •:�f�`°
<br /> sums secured by this Secwrfty Instrument,whether or not then due. � • �%:`'��=
<br /> ° . ' � � Untess Lender end Bortower offiervvise agree In HrtiUng. any applicaUon of proceeds to pr(neipa! shall not extend or ���;�;�:=
<br /> postpone the due data oi the monthN Paymenb retemd to in p�.--sgraphs 1 end 2 oe change the amcunt o.f such paymeMs. � '��' ''�'�
<br /> �"'' � � 11. Borrovler Nat Releesed; ForbearattCe 6y Lender Not a VJaiver.Extension ot the Uma tor paymerrt or ""u`�.��_
<br /> modifleation of s�NmUon of the suma secured by this Securfty Inatrument granted by Lender to any successor (n interest ot , ,--"�'
<br /> i• '� � , . Borrower sAaU n�:operats to retease the ItabA'iry o9 the odginal Borrower or 9orrower's successora in interest. Lender shell nat � •-:4::'''
<br /> ° . • be requVed to commence proceedfigs agatrtst arry successor in fnterest or retuse to extend time tor payment or flthervuIse - --
<br /> - � �`r��r� . modty amoRitation of the sums secured by this Security Instrument by reason of any Oemand made by the original Borrower or • � �: -_
<br /> .. .. `� ' Bortowers successars in interes4 Any forbearance by Lender tn exerclsing any right or remedy shall not be e waiver of or � . -
<br /> ` • • '' preclude the exerc(se of any dght or remedy. _
<br /> . � � '. ''� 12. Successora and Assi s Bound; �loint snd Several Uabil Co-st � - -
<br /> _ gn ity; gt1e�.The eovenanb end
<br /> ' ,� agreementa of thts Security fnsbument shaA bind and benefit the successors and assigns of Lende�and BoROwer,subJect to the .
<br /> - �_ . provlslons of para�aph 17. 8om�vrers covenarrts and agreements shatl be�olnt an�severat. My Borrower who co-signa this ' •.
<br /> • � Security Instrument but does not execute tfie Note: (a)is casigr:ing this Securiry Instrument onty to mortgage. grant and comey � ��"r`-'�Y����-��'
<br /> that BoadnrePs interesl In the Property under the terms ot this Securiry Insirume� @� is not personalty obagated to pay the „ �
<br /> ���. � sums secured by this Secudty Instrumenk and(c)agrees that Lender and any other BoRawer may a�ee to extend,modify, .
<br /> • � torbedr or make eny accommadatlons witb regard to the terms at thts 3ec�rity InsWment or the Note without tha! BoROwer's . ,
<br /> .' . . � consent -� •
<br /> �. '. . � � 13. Loan Chargea. I1 the loan sewred by this Sewrity Instrumenf is subJect to a law whieA sets maxlmum loan : � "
<br /> ' � • � _ � charges.and that l�w is flnaify interpreted so that the interest o► other loan charges coltected or to be collected in connectlon '
<br /> witb the loan exeeed the pemiitted Iimits.then: (a)any such loan charge shall be reduced by the amount necessary to reduce
<br /> ', �i the charge to tha permitted Omit: end @)any sums aheady collected from Bonower which exceeded permitted timits wdi 6e , . '
<br /> � .: retunded to Bortower. tender may choose to make this retund by reducing the principal owed under the Note or by making a �
<br /> � • � d'uect peymenl to Botrower. it a retund reduces prinGpal, the reduction will be treated as a paRlal prepayment without eny � .•
<br /> � . • • ` prepayment charge under the Note. . . .
<br /> . ' � • ' 14. NOtiCe9.My noUce W Boaower provided tor in thls Security InsWment shall be given by deGvedng it or by mailing it , ,
<br /> . ' by fi►st ctass mail urtless epplicable law requires use of enother method. The noUce shall be d'irected to the Property Qddress
<br /> •. � � or any other addrgss Borrower designates by rtotice to Lender. My notica to Lender shal! be givan by ft►st ctass mail to �
<br /> . , • . Lender's address stated heretn or any other address Lender designates by noUce to Borrower. My notice provlQed tor in thts •
<br /> . . � Security Instrument shall be deemed to hava been ghren to Borrower or Lender when given as provided tr�this pategraph.
<br /> � . � 15. �bV8tfliRg LSw; Sevora6ility. This Security InsUument shall be govemed by federal law and the law o1 the
<br />- . � judsdetion in whicb the Property is lacated. tn tfte event that any provision or elause o1 this Security Insttument or the Note ° � '
<br /> ' contlicts with epplicabte law. such conflict shaU not aftect other provisions o}this Security tnsVUment or the Note which qn be ..
<br /> .. � • given ettect without the conflicUng provlsion.To this end the provisions ot this Security Insfiument and the Note are dec(ared to . � . •
<br /> • ' . , � 6e severabte.
<br /> � t • _ ._..... .
<br /> �.:• � . i 18. BOffOWOI'3 COpy. Bonower shail be given one contortned eopy ot the Note and o}this Security lnsWment. � �
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