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..1. H";':.'''",::,:'.",:,;,~(l-.'.'~~"'~'',!:~'.m--~,~'c:.:.~:: ", ...:<<." '.... "~.~,, ..._."".......~.r. . ,'~'....;..,,;.,-~ ,'.' ..~ .'. . , .._._::.'~:"" ....lJt.J\~,_ ,J.. Borrower may cure .uch a default and reinstate, as provided In pv1Ivr-Ph 18. by CIIuslng tne action or proeeedng to b. clsmls.ed with a ruing that, In Lender'. good faith detll'l'l1lMtIon. precludes lorfeiture 01 the eonow.... Int..t In the Pfop<<ty or other material lmpaIrrnent of the ten created by this SectIrlty Instrument or Lender's .ecurtty Int_t. Bonower.hat also be In default" BOCTower, during the loan applcatlon process, gave matl!lWy false or Inaccurate lnIonnatlon or atatements to lend.. (or faIed to provide lender wlth any material information) In connection wtth the loan evidenced by the Note, lndudlng, but not &mIted to, representations concerning Bon'ower's oec:upm1cy of the Property a. a pmdpaI I1lI!lldence. II this Security Instrument Is on a leasehold, BOCTower shal comply with .. the provisions of the leue. "Bonow<< acquires fee title to the <D Property, the leasehold and the lee title shat not merge unless Lender agrees to the merger In WIttIng. <t> 7. Protection of Lender's Rights In the Property. "Borrow.. IaIIs to perform the covenants and agreements ..- eontUled In this Security Instrument. or there Is a IegaJ proceeding that may sIg1lftcantly affect lend..'s rights In the Progerty .... (such as a proceeding in bankruptcy, probate, for condermatlon or lorfelture or to enforce Jaws or regulations), then lender may ,.. do and pay for whatever Is necessary to protect the value of the Property IUld l.,der's rights In the Property. lender's actions :> may Include paying any sums secured by a Ien which has priorfty ov.. this Securfty Instrument. ~g In court, plying 00 reasonable attorneys' fees IUld entering or the Property to maka repairs. Mhou~h lender may take action under this paragraph C!) 7. lender does not have to 'do 10. Q Any amounts disbursed by lender under paragraph 7 shal become additional debt of Borrower. secured by this Security il'!Strument. Unless Borrower and lender agree to other terms 01 payment, these amounts shal bear Interest from the date of dsbursement at the Note rate and shal be payable, with Interest. upon notice from lender to Bonower requesting paymer.t. 8. Mortgage Insurance. If lender required mortgage Insurance as a conclUon 01 maldng the loin secured by this Security Instrument. 30rr0wer shal pay the premlums required to maintain the mortglge Insurance In effect. ", for any reason, the mortgage Insurance coverage requi'ed by lender lapses or ceases to be In effect, Borrower thai pay the pnmIums required to obtai'1 coverage substantially equivalent to the mortgage Insurance previously In effect. at a cost subswtlaly equivalent to the cost to Borrower of the mortgage insurance previously In effect. from an alternate mortgage Insurer approved by lender, " .ubstanllaly ecr..lt/alent mortgage insurance eovenlge Is not avalabfe. Borrow.. shat pay to lender _ch month a sum equal to one-twelfth of the yearly mortgage Insurance premium beln; paid by Borrower when the Insurance coverage lapsed or ceased to be. In effect. lender wiR accept, use and retain these payments as a loss reserve In leu of mortgage Insurance. loss reserve payments may no longer be required, at the option of lender, If rrnntgage Insurance coverage (In the amount and for the period that lender requires) provIded by an Insurer spproved by lender again becomes avaleble and Is obtained. Borrower shalpay the premiums required to maintain mortgage Insurance In effect, or to provlde a loss reserve, untl the requirement for mortgage Insurance ends in accordance with any written agreement between Borrower and lender or applicable law. 9. Inspection. lender or its agent may make reasonable entries upon and inspections of the Property. I.ender shal tjtIe Borrower notice at the time of or prior to an inspection speclfylng reasonable cause for the inspection. 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential. In connection with any condemnation or olller taking of any part of the Property, or for conveyance In leu of condemnation, are hereby aSSigned and shaR be paid to lender. In the event of a total taking of the Property, the proceeds shan be appned to the sums secured by this ~rity Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking 01 the Property in which the fair market value of the Property Immediately before the taking Is equal to or great.. than. the amount of the sums secured by this Security Instrument Immediately before the taking, unless Borrower and lender otherwise agree In writing, the sums secured by this Security Instrument shan be reduced by the amount of the proceeds muitlpDed by the lonowing fraction: (a) the total amount of the sums secured Immediately before the taking, divided by (b) the fair market value of the Property immediately before ~he taking. Any balance shall be paid to Borrower. In the event 01 11 partial taking of the Property In which the fair market value of the Property Immediately before the taking Is less than the amoun1 of the sums secured immediately before the taking, unless Borrower and lender otherwise agree In writing or unless applicable law otherwise provides, the proceeds shan be applied to the sums secured by this Security Instrument whether or not the sums sre then due. II the Property Is abandoned by Borrower, or If, alter notice by lender to Borrower that 1t11'! condemnor offers to make an award or sattll! !! claim fer =.-r.age,;, Borrower iails to respond to lender within 30 days after the date the notice Is given. lender is authorized to conect and apply the proceeds. at its opi;oo, ~her to restoraUon or repair of the Property or to the sums secured by this Security InstnJment, whether or not then due. Unless lender and Borrower otherwise agree In wrttlng, any application of proceeds to princlpai shan not extend or postpone the due date of the monthly payments referred to In paragraphs 1 and 2 or change the amount of such payments. 11. Borrower Not Released; Forbearance By lender Not a Waiver. extension of the time for payment or modtncatlon 01 amortization of the sums secured by this Security Instrument granted by lender to any successor In Interest of Borr':lWer shall not operate to relllase the liability 01 the original Borrower or Borrower's successors In Interest. lender shsn not be required to commence proceedings against any successor In Inlerest or refuse to extend time for payment or otherwlsa modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower 1",( Borrower's successors In Interest Any fofbearanctl by Lender In exerclalng any right or rernedy shaH not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Uablllty: Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of lender and Borrower, subject to the provisions 01 paragraph 17. Borrower's covenants and sgreements shall be 101m and saverar. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) I. co-signing this Security Instrument only to mortgage, gr5nt and convey that Borrower's Interes\ In the Property under the terms of this Security Instrument: (h) Is not persona",; obDgated to pay the sums secured by this Security Instrument; and (c) agrees thltt Lender and any other Borrower may agree to extend, modify, lorbear or make any accommodation. with regard t.;. the term. of this Security InstnJment or the Note without that Borrower's consent. 13. loan Charges. If the loan secured by this Security I""trument Is subject to a law which sets maximum loan charges, and that law Is finally Interpreted so that the Interest or other loan charges eonacted or to be eoHected In connection with the loan exceed the permitted limits, then: (e) any such loan charge shan ba reduced by the amount necessary to reduce the charge to Ihe permitted limit; and (b) any sums already conected from Borrower which .xceeded permitted IImhs will be refunded to Borrower. lender may chooSll to make. this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reductl.' princlpal, the reduction wID b. treated aa I partial pr~yment without any prepayment charge under the Note. 14. Notices. Any nollce to Borrower provided for In this Security Instrument shall be given by delivering It or by mailing it by nrst r;la:ls msll unless sppllcable law requires use of another mentod. The notleo shaH be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shan be given by nrst cia.. 111111 to lender's !)dclresa stated herein or any other address Lender designates by nollce to BorrowUf', Any notice provided for In this Security Instrument shl\lI be deemed to have been given to Borrower or Lender when given as provided In this plragraph. 15. GovernIng Law; Severability. This Security Instrument shall be governed by federal law and the law 01 the jurisdiction In which the Property Is located. In the event that llny provision or clause of thl, Security Inlltrument or the Note connlets with Ilppllcable law, such conlllct shall not affect other provisions of this Security In!trument or the Note which can be given effect without the connl::llng provision. To this end the provisions 01 this Security InstnJment and the Note are declared to be severablf). .16. Borrower's Copy. Borrower shall be given one conformed copy 01 the Nnte and of this Security Instrument. F1J16.LMG (12(JJ) ~~~- Page 3 Of 5 r~1~91.Ur'1 L.