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<br /> Rorrower mey cure euGh e defsult end relnstate, as provkled In pAregreph 18. by causing ihe nction or proceeding to be ��,+
<br /> dlsmiseod with a rulinfl that, In Lender's good faith determinatlon,precludes lorfelture oi the Borro�ver's Intorest In the Praperty or
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<br /> ' othor malorial impalrment ot the Ilen created by �ocesn.egavfe malerually tnlse or�inuccurata in`t rm tlont ors tat ments lo Lendore(or
<br /> detault il Borrower, durinp the loan appllcation p
<br /> Ialied to provlde Lender with any materlal fnformation) In connectlon with the loan evidenced by the Nota. Inciudng, bul not —
<br /> Ilmlled to, representatlons conceming Borrower's occupancy ot the Property es e principal residence. 11 Ihis 5ecurity
<br /> Inatrument Is on a leasehold, Berrower shflll comply wlth all the provlslons of the Ica�o• If Borrower acquires fee titlo lo the .''
<br /> PropeRy.the leasahold and the tee Iltle shall not merge unless Lender agrees to the merger in wriling.
<br /> teCtlon of Lender's Rlghts In the Propertyl. II Borrower tails to perform the covenants and egreements� _�n
<br /> � 7. Pro
<br /> contelned in Ihis Securily Inslrument, or there Is a legal proceeding that inay slgniilcantly aHect Lender's rlghls in Ihe Prope�ly� �•�.
<br /> � (such ae a p ocwhetover Issna estae yto p8otectrthe al enol the Prope'rtyr nd Lender'sCrlght sin the Property. ,Lender'sdact ons� ��
<br /> , do n�nd pay
<br /> ' may Inciude payfng any sums secured by a Ilen whlc to mttke��e eirsver�`�hlu9heLenderl may ake ctonaundernthlsuparagraph�
<br /> ..«+� ' reasonable attomeys'fees and ente�ing on the Property P
<br /> "'�' � 7, Lender does not have to do so.
<br /> Any amounts dlsbursed by Lender under paragreph 7 ahall become addNOnal debt of Borrower secured by thls Security __
<br /> 1 Inatrumant. Unless Bortower and Lendar ngree to other teans of paymen�, these emounts chell bear Interest from the date of �—-
<br /> disbursement at the Note rate and ahall be payable, with Interest, upon notice Irom Lender to Borrower requesting payment.
<br /> 8. MOftgage Insuranee. It Lender requfred mortgage insurance as e conditlon of making the loen secured by lhls
<br /> � Security Instrument,Borrower shali pay the premlums requlred to meintaln the mortgage insurance in efiect. If,(or any reason, the
<br /> � mortgage insurance coverage roqulred by lender iapsea ar ceases to be In eflect, Borrower shell pay the premiums required to
<br /> obtaln covorage substantially equlvaient to the mortgage Insurance prevlousiy in e8ect, at a cost substantialty equiralent to the
<br /> cost to Bortower of the mortgege Inaurance previousty In ettect, lrom en alternete mo toBLen'der eachPmonth absumeequal to
<br /> � � substentlaliy equivalent mortgaga fnsurance coverage is not availeale, Borrower sha�pay —
<br /> � one-twelfth of the yearly mortgage Insurance premium Ueing patd by Borrorier when lhe Insurance coverage lapsed or ceaaed to
<br /> �. be in ettect. Lender will eccept, use and retaln these peyments as a loss reserve In Ileu of mortgage Insurance. Loss reserve
<br /> ' paymenta may no longer be required, at the optlon ot Lender, if morlgage insurence coverage(In the amount and lor the period
<br /> `� � thet Lender requlres) provlded by an Insurer approved by Lender agaln becomes evailable snd is obtained. Borrower shalt pay
<br /> }�" tho premlums requlred ta malntaln mortgage inauranco In eBect, or to provide a losa reserve, untll the requirement(or mortgage
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<br /> Insurance ends fn accordance with any written egreement between Borrawer and Lender or applicable aw.
<br /> y�. J. II78peCtlOn.Lender or Its agent may mRke reasonable entries upon and Inspectlons oi tho Property. l_ender shall give
<br /> Borrower notice at ihe time of or prlor to an Inspectlon specltying reasonable cause for the f�spoctlon.
<br /> �� 10. Condemnation. The proceeds of eny award or clatm for damages, direct or consequential, In connectlon with any
<br /> �, condemnatlon or other taking ot any part of the Property, or lor conveyance in Iieu of condemnatlon, sre hereby asslgned end
<br /> shall be pald to Lender.
<br /> In the event of e lotal taking of the Propert/, the proceeds shell he applled to the suma secured by th�s In whlch
<br /> -- ;n�tr�mer.'..r�h°Lh?r nr not then due,with eny excess pald to Borrower. In ihe event of a partlal takinfl of the Properry
<br /> the falr market value ot the Property Immediatey before the taking is equai io or y�aatar iFar tha sm^ur.t o!tF,e sums secured
<br /> � by thls Securlty Instrument Immedlately before the taking, unless Bortower and Lender otherwise agree In wdtin9, the sums
<br /> secured by this Security Instrument shall be reduced by the emount of the procthe taUumarket v lue ot the P operry�mmediat ly
<br /> total amount of the aums secured Immediately before the taking, divided by @1
<br /> before the taking.Any balance sheli be pald to Bortower. In the ovent of a partiel taking of the Property In whlch the felr market
<br /> value oi the Property Immedlately before the taking Is less than the amount of the sums secured Immediately belore tho taking,
<br /> unless Bortower end Lender otheiwlse agree In writing or unless eppllr�We Iaw otherwlse provides, tho proceeds shall be
<br /> epplled to the sums secured by this Security Inatrument whather or not the sums ere then due.
<br /> If tha Property Is abandoned by Barrower,or h, nfter notice by Lender to f3orrower that the condemnor o8ers to make an
<br /> �' award or settle a clalm for damxges, Borcower taus to respond to Lender within 30 days after the date the notice Is given.
<br /> �. ' Lender Is authodzed to collect and appty the proceeds, at Its optlon, either to restoretion or repelr of the Properh� or to the
<br /> sums secured by thls Security Instrument,whelher or not then due.
<br /> � Unless Lender end Borrower otherwise agree In writing, eny application oi proceeds to principnl shau not extend or
<br /> �� postpone the due date of the monthly peyments reterted to in paragrephs 1 end 2 or change the amount ot such payments.
<br /> - 11. Borrower Not Released; Forbearance 8y Lender Not a Walver.Extenslon of the time tor payment or
<br /> �. modKicatlon of amortizatlon of the sums seoured by this Securlty Instrumenl gr�anted by Lender to any successor In Interest af
<br /> - - - Borrower shall not operate to release the IlabWty of the original Bortower or Borrower's successors In Interest. Lender shall not
<br /> be required to commence proceedinys agalnst any successor In Interest or refu3e to extend tlme for payment or othervviso
<br /> �, . modity emartizatlon ot the sums securnd b�y�l��sA ce by Lender Int o ercising�any�rlghteore m dy shallt not be a'walverWOi or
<br /> B o r r o w e r's s u c c e s s o r s I n I n t e r e s t. A y
<br /> � preclude the exercise of any right or remedy. JOint a11d SeVeral LlBbil(ty; Co-eiglters.The covenants and
<br /> 12. Sucaessars and Assigna Boue�d;
<br /> agreements of this Securfty Instrument sholl bind end benetit the successors and assigns of I.ender and Borrower. sub�ect to the
<br /> '± � provlslons of paregraph 77. Borrower's covenants nnd agreements shali be jolnt und sevaral. Any Borrower who co•signs this �
<br /> T Security Instrument but does not execute the Note: (a) is co-slgning this SecuNty Instrument only to mortgage,grant and convey �•-
<br /> � ' that Borrower'� Interest In the Property under tho terms of this Secudry Insirument: (b) Is not personally ot�lignted to pey the
<br /> � sums secured by this Security Inst�'ument; and (c) agrees thet Lender end any other Borrower may agree to extend, modily,
<br /> :• i forbear or make any accommodatlons with regArd to the terms of this Security Instrument or the Note wlthout that Borrower's
<br /> - � conseiit.
<br /> � 13. Loan Ch81'ges. It the laan �ecurod by thls Secudty Instrument Is subject to a law whlch sels meximum loen
<br /> charges, end that law is tinally interproted so thel the Interest or other loen charges collected or to bo collecled In connectlon
<br />_ with the loan excoed the permftted Iimits, thean (sums Iready colle ted irom IBorro er which exceeded permfttodslmlts wlldlube
<br /> � tho chargc to the permftted Ilmit; and (b) y
<br /> - , refunded to Borrower. Lender mey choose to rneke thls refund by redueing the principal owed under the Nate or by making a
<br /> nncl al. the reductfon wfll be treatPd es e paHlal prepaymPnt without eny
<br /> I dlrect payment to Borro�ver. If a rehind reduces p� P
<br /> � prepaymeM charge under U�a Nutc.
<br /> _ I 14. NotICeS. Any notice to Borrower provided 1or in thfs Securiy Instrument shall be given hy delirering it or by meiling it
<br /> _ � by iirst class mall unless npplicable law requires usr o+ �nother method. Tha nutico shall be diracted to tho Property Address
<br /> _ i .., o�� mnPr address Borrower designa:es by natice lo Lender. Any notice to Lender shall be given by first class mail to
<br /> - . . ., o.....,...... env nntirn nrnvfded 1of Iit thlS
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<br /> � Lender's address stated herein or any other address Lencler ansignaies uy +�o��t� ... •-•, •�
<br /> Security Instrument shall be deemed to have been given to Borrower or L?nder when given as provided In this paragraph.
<br /> 15. Governing Law; SeVB�ablllty. This Securily Instrument shall be c�overned by federal law and the law of thct
<br /> jurisdictlon fn which the Property is located. In the event thal any provislon or clause o( this Security In�tmment or the Note
<br /> - ' Clve'nICeN ctttw'lhoull thle con(Iicting p�ov'isfonr'TIo thisae dtll0ehp�ovislonso ol ihis Se ue�YriltnStrumenteand the Nole arehdecla edlo
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<br /> ' • ba severable.
<br /> ;:,. 3�rrotler�9 rQ�;� R^rmwPr SIIRII bP qivnn one conlormed copy ol the Note and of this Secu�'ity Instrumenl
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