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<br /> • • • Bonower may cure such a deleult snd relnstate, as pravlded In pnragrnph 18, hy ceuslnfl the nction or proceeding to be
<br /> diamissod wfth n ruling thet,In Lender's good tellh determinetlon, precludes lorlefture of the Borrowe%s Interesl In ihe Property or __
<br /> , other materlal Impalrment ol the Ilen created by thls 9ecudty Instrument or Loader'» oocunry interost. Borrower shell also be In ,• �
<br /> defsult if Borrower, dudng Iha loan eppllcatlon procese, gavo malerlQlly talsa or Innccurdte Inlormetlon �r stntemnnte to Londer(or _-��
<br /> tallad to provlde Lentler wllh any materlal Inlarmetlon) In connoctlon �vilh tho fonn ovideneed hy tha Note. Includln4, but not --
<br /> Ilmited to, reprosen�atione coneeming Borrower's occupanr.y ol the PropeAy ns e pdncipel rosidenco. If thia Socudty ��
<br /> ' Inetrument Is on a leasehold, Borrower ahali comply wlth all the provlslono oi the Icase. IT Dorrowcr ocqulras loo lltlo to iho (a
<br /> Property, the Ieasehold and the fee title ehell not merga unlasa Lencier agreas to Qie merger In wdUnp. � __
<br /> 7. Prot�ctlon of Lee�dsr's Hlght� ln the P►opel'ty. If Borrowor falls to poiiorm tho cavonanls and agrnoment� '
<br /> � - contalned In thln 3ecurtty Inetrument, or there Is a lapal proceeding that may slgniilcantly affect Lendar's rlghts In tho Property �
<br /> (such es e proceeding In Gankruptcy, probate, lor condemnatlon or forfeilure or to enlorco lewr or ragulatlons). ihen Londar mny �
<br /> �� : � do and pay for whatever Is necessary to protecl the value o1 the Property and Lander's rights in the Property. Lundcr's ocUons � _
<br /> � mey Include peying eny sums secured by a Ilcm which has prlority over thls Secudty Inatrument. appearing In court, paying
<br /> ,,....►�"" : reasonable attorneys'fees end entering on the Praperty to mqke repalrs.Although Lender may tnko ectlon under thls paregraph � ��
<br /> ...�z•�+�� 7, Lender does not have to do so. "
<br /> � Any amount3 �ilsbursed by Lender under peragraph i shall become addltionai debt of Borrower socured by ihis Security �'�' �-.
<br /> � ; Instrument. Unless Borrower end Lender agree to other terms oi payment, these amounis shell bear interest irom the date o1 _
<br /> disbursement at the Note rete end shell be peyable,with interest,upon notice irom Lender to Borrower requesting pc+yment.
<br /> 8. Mortgage Ineuranae. If Lender requlred moAgage Insurance es a condition of makiny lhe loan socured by lhls �_-
<br /> Securriy Instrument, Bor►ov�er shall pay the premlums requlred to malntaln the mortgage insurance fn oflect. If,lor any reason.tha
<br /> ` mortgage Insurance coverege requlred by Lender lapses or ceases to be In eilect, Borrower shall pey the premlums requlred to
<br /> obtaln coverago subatantlally equfvalent to the mortgage Insurence previously In etfecL et a cost substantlally equivalent to the
<br /> cost to Borrower of the mortgage Insurance prevlously In effect, from an altemate mortpage Insurer epproved by Lender. H _
<br /> :.� subatantially equlvalAnt modgage Insurance coverage Is not evailable, Borrower shall pay to Lender each month a sum equal to
<br /> , �j one-twMfth of the yeariy moKgage Inaurance premlum being peid by Bortowor when the Insurance coverage lapsed ar ceased to =-
<br /> be In aHact, Lender will eccept, use end retaln these paymenta as e loss reserve In Ileu of mortgage Insurance. Loss reserve
<br /> payments may no longer be requlred, et the optlon of Lender, If mortgage Insurance coverege (hi the emount and for the perlod
<br /> �� that Lender roquires) proWded by an Insurer approved by Lender aqaln becomes eva�able and Is obtalned. Borrower shall pay �
<br /> � the premlums requlred to malntaln mortgage Insurance In effect, or to provide a loss resene, until the requlrement for mortgage ..
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<br /> Insurance ends In accordence with any written agreement between Bon�ov�er end Lender or epplicable law. _:
<br /> "� 9. Inapeatfon. Lender or Its agent may make reasonable entdes upon and InspecGons of the Praperty. Le�der shall gbe -
<br /> I Bortower notice at the tlme of or prior to an Inspectlon specflying reasonable cause tar the Inspectlon. ��_
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<br /> 10. Condemnation. The proceeds of eny award or clalm for damages, direct or consequentlal, In connectlon with any
<br /> �., condemnetlon or other tekJng of any part of the Property, or for conveyance In Ilou of cor�demnatlon, are hereby assigned and _-
<br /> � shall bs peld to Lender.
<br /> ` In the event of a total taking of the Property, the prooeeds shall be epplled to the sums secured by thls Secudty
<br /> �� Instrument.whether or nol then due,with any excess pald to Borrower. in the event of a partlal teking of the Property In whlch
<br /> � the falr market valuo of the Property Immedlatey before the taking Is equal to or greater than the amount of the sums secured _
<br />-` - �- py inis �ecuriiy insiiumrni ir��r�iad�atety tatote ihs .ak�st$, ur.:as� Bor.cr:e� s.^.d Le.^.�e!^thanvlAe Rl�fRA In wAting. the sums
<br /> . • secured by thls Secudty Instrument shail be reduced by the amount of the proceeds mulliplied by the following fractlon: (e)the
<br /> total emount oi the sums secured Immediately before the taking, divlded by (b) the falr merket velue of the Property Immedlately
<br /> � before the taking. Any balance shall be pald to Bonower. In tho event o1 a partlal taking oi the Property In whlch the tair market
<br /> a. value of the Properiy Immedlately before tho teking is less than the amount of the sums aecured lmmedletely betore the teking,
<br /> � unless eorrower and Lender otherwlse agree in writing or unless eppllcable law otheiwise provldes, the proceeds shall be
<br /> applled to the sums secured by thls Security Instrument whethor or not the sums are then due.
<br /> Ii the Propsrty Is abandoned by Bonower, or if, after notice by Lender to Borrower Ihat the condemnor oflers to make an
<br /> eward or settle a clalm for damages, Borrower falls to respond to Lender withln 30 days eRer the dete the notice Is gNen,
<br /> Lender Is euthorized to collect and apply the proceeds, at Its option, elther to restoratlon or repalr of tho Property or to the
<br /> sums secured by thls Sewrity Instrument,whether or not then due.
<br /> Unless Lender and Bortower otherwise agree In writiny, any appllcation oi proceeds to princlpal shall not extend or
<br /> postpone the due date af the monthly paymenta referred to In paragraphs 1 and 2 or chenge the amount of suoh payments.
<br /> 11. Borrower Not Aeleasod; Forbearance By Lender Not a Waivar. Extenslon of tho time for payment or
<br /> . modiflcatlon of amortizatlon of the sums secured by thls Security Instrument granted by Lender to any successor In Inte�est of _
<br /> � Borrower shall not operete to release the Ilability of the origlnel Borrower or Borrower s succeseors In Interest. Lender:hall not
<br /> be requlred to commence proceedings against any successor in Interest or refuse to extend time tor payment or otherwlsa _ _
<br /> � modity amortizatlon of the sums secured by this Ser,udty Instrument by reason of any demand made by the odginal Borrower or �
<br /> � Borcower's successors In Interest. Any forbearance by Lender In exercising any dyht or remedy shall not be n walver of or `
<br /> preclude the exercise of eny rlght or remedy.
<br /> 12. Succeseors and Asalgns Bound; Joint and Several Liabllity; Co-signers. 7he covenants and
<br /> f` agreements of this Security Instrument sha0 bind and bene(it the successors and assigns of Lender and Borrower, subJect to the
<br /> �c provislons of paragraph 17. Borrower's covenents and ag�oements shell be Jolnt and several. Any Borrower who co-signs this —
<br /> Security Instniment but doe� not execute the Note: (a) is co-algning thls Security Instrument only to mortgage, grant end convey �`
<br /> � ' " thnt Borrower's Interest M the Property under the terms of thls Security Instrument; (b)Is not personelly obligated to pay the
<br /> sums secured by this Security Instrument: and (r.) agrees that Lender and eny other Bortower may agree to extend, modity, �:r=:
<br /> forbear or make any accommodatlons wlth regard to tho terms of this Secudty Inatrument or the Note wlthout that Bortower's �?Zjy�
<br /> consent. '`�'-
<br /> 13. Loan Cha�g@S. It the loan secured by this Security Instrumenl Is subJect to a law which sets maximum loen
<br /> chergos, und that law is finelly interpreted so that the interest or other loan charges callected or to be collected in connection -
<br /> with the loan exceed the permitted Ilmits, then: (e) any such loan charge shall be reduced by the emount necessery to reduce '
<br /> the charge to the permitted Ilmit; and (b) any sums already collected irom Borrower which exceeded permitted Iimits will be
<br /> refunded to Borrower. Lender may choose to make this rufund by roducing the principel owed under the Noto or by making n
<br /> direct payment to Borrower. If a ro(und reduces principal, tho reductlon wlll be ireated as a partial prepayment wlthout any
<br /> _ prepayment charge under thn Note.
<br /> � 14. NOtIC9S.Any notice to Borrower provfded for In this Securiry Instrument sna0 be given by dellvering It or by malling it
<br /> by first class mall unless�pplicablo law requires use of enother method. The notice shall be dfrected to the Property Address
<br /> or any other address Borrower tlesignetes by notice to LAnder. Any notice to Lender shell be given by Orst class mall to
<br /> Lender's address stated herein or any other address Lender detignates by nolice to Borrower. Any notice provided for In thfs
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<br /> • ' ��{ .�lf!CU�1Ty/II15lfURlefll S�lclll Dt Ul:efTICU{V IItlYC Ul"CII I�lYC1i lV VVlluncl VI�oi��ai ir��vi�y�.�: u.�.piv���.�.v��• •�••v r.'.:.".y�.'�.�.••• - - --
<br /> 15. Gaverning I.aw; SeVerBbllity. Thls Security Inst;�ment shall be govemed by federal law and the la�v ot the
<br /> i jurisdictlon in which the Property Is located. In the event that any provislon or clause of this Security Instrument or the Note
<br /> • ! conilicts with appliceble law, such conflict shall not affect other provisions of ihis Socurity Insirument or the Note whfch cen be
<br /> i given e(fect without ihe confllcting provlsion. To this end the provislons of this Securfty Instrument and thu Note are declared to
<br /> ; be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one contormed copy oi the Nole and of this Security Inst�ument.
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