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<br /> ., ' BaROwet moy wro aunh a datauft und re!natate, es proWdod M parapraph 18, by aaustnp the actian o�proceeding to be �. T •�^~ __ -
<br /> . diamissed wlth a tuling that,In Lendet's good tuHh detetminetlon,procludoa todeiture of tho�onower's Inte►est in the Prope�ly or
<br /> -a, , other mate�lat Impairment o1 tha Ilen creatad by thio 3reuur{ry lnetrument or Lender'e eecudty Intereat. Bo�►ower ehed atao be In (� . . .. .
<br /> e
<br /> • detauft H Bonower.dudnp the loan applfcsUon prooeae,p�ve mntaialy falae or inacourate Intormstlon or etetements ta Lender(or � �•
<br /> - �� falled to provide Lender wfth any mate�iat Information� In canneotion wflh 4he loan evida�aed by the Note. Induding, but not � � �
<br /> � , �, .• Qmitad ta, raproaonutlona concemt�p 8onower'e oeeupancy ot �!0�'P►operty ae a pdndpal reaidence, If thte 3ecudty r -
<br /> .: _ .... ..._.�. , .. .. inetrumenl is on �le�eltohf, 8wrowv� st�ll wmpy v.ith aU tho pto+l�slotfa of!he Iaate. If @ortower �oqulree teo tRb to thn ,,. _
<br /> _....... P� �r � �
<br /> � �� P►o the leasehotd�nd the fee title ohall not merye untasa lenda egrees to the merga in wdlln8• „ • „ �
<br /> . . 7.Prot�euon a und�r'a RIgMs in tM Prop��t�l.n g�rrowe► hi� to pertorm the covenanta and agrcementn �_
<br /> — � • contained M this 8ecurlry Inatrument, or tha�e ie �Ipa� proaeedin�that msy ei0nmcanty�ifeat Lender'a dphts in the Propaty .� , �,
<br /> (suoh as e proeee d i ng I n b an k r up tay,probate,tor eondemneUoo or foAelturo a to cnforce lawa or►eguiatlone�, then Lendar mey � . . "l.i•
<br /> — " do and pey tor whateva la neeoaeery to protect the vatue of the Property and Lender'e dphts In the PrapeAy. Lender'e ecUons r � s•
<br />— may inctude paying eny sume eecured by e Ilen whioh hea pdodty over thla 8eeudty �nstmment, epp�edng in couR, paying i • ��'�
<br /> roasonnbte attomeye' fees and entering on the PropeAy to meke repalre.Plthough Len�er mey take aotlon under this paragreph �� -
<br /> 7,Lender doea not have to do eo. I �`
<br /> My amounta disburaed by Lender under pa►agmph 7 eheM become addiUonal debt ot Bortower secured by this 3ecudty i 1=_
<br /> InsWment Unless Botrower and lender epree to othar tcrms ot payment, these emounts ehail bear intereat from the date of 1 • �
<br /> diaburaement at the Note rate and shall be payebt�,wlth Intarest,upon noticA hom Lender to 8ortower requeaUng peymen� (
<br /> 8. M0ltgags Insur�nae. If Lender requtred mortgage insurance as a condlUon at making the loan secured by thia '
<br /> Securfty Inatrumont,Bortower sha0 pay ihe premlums requlred to maintain the mortgaga insurence in etfeat. If,tor any reason, the �
<br /> mortgage insurence coverage required by Lender tapsee or ceases to be in eifeat, Bo�rower shaU pay the prertduma requlred to �
<br /> obtain covernge aubstanttalhr equlvatent to the mortgage insurance prevtously in eiteat. et e cost substanUally equNelent to the ; -
<br /> cost to Bonower of the moRgago insurance prevlousty in eifect, hom an eltemate mortgage insurer approved by Lender. If . •
<br /> substsntlslly eqe�ivafent�+��+Qe Inaurence eoverege Is not avellabte.Bortower shap pay to Lender eaeh month a sum equal to �-� �
<br /> . , , . ........ • — -
<br /> one�twelfth of the yearry mortgage insurance premium betng paid by Borrower when the Inaurance coverage tepsed or ceased to � � ,—�
<br /> be in eNeat. Lender wIN accept,uso and retain these payments as a Ioas reserve In Ileu of mortgage insurance. Loss reaerve : �
<br /> paymenta may no longer be required, at the opGon ot Lender, M mortgage insursnce coverage pn the emount end fw the pedod : �.°
<br /> that Lender requtres) provided by an Insurer approved by Lender ayafn becomes avaitabie and is obtained. Borrower she11 pay ; „ � .
<br /> the premiums�equired to meintaln mortgage Insurance in eifect,or to provide a Ioss reserve, unUt the requlrement for mortgage �
<br /> �� insurance enda in accordanee wtth any written agreement 6elween Bortower and Lender or eppiicab�e taw. , �
<br /> �.; 9. inspection.lender or its agent may make reasonabie entrles upon and InepecUona of the Property. Lander ahail give ; ��
<br /> � Borrower noUce at the time at or prior to an inspeadon specHying reasonebte cause tor the InspecUon.
<br /> 10. Condetltnatlon.The proceeds of any eward or claim tor demages, direct or consequendai. In eonnecdon wfth any , �„„R-
<br /> condemnation or other taldng ot any part of the Property,or tor conveyance In �leu of condemnation, are hereby essigned and , s�_
<br /> shall be paid to Le��der.
<br /> - In the event ot a totat taking of ihe Propariy, the �rraceeds �twA be appiled te Me a�.�mR secured by thia Secur{ty __'_� _
<br /> Inswment, whether or not then due,wfth any exaess pald to 6oROwer. In the event ot a pertiai taWng oi the Property in whbh �
<br /> • • the fak market va�ue ot the Property immedlatety betore the taking is equal to or greater than the amount of the aums aecured �, �
<br /> by this 3ecurity Instrument Immedieteiy betore the taking, unlesa BoROwer and Lender otherwise agree in writing, the sums ; ;
<br /> secured by this Secutiry Instrument shall be reduced by the amount of the proceeds muBiplied by the following fracilon: (e) the • i s
<br /> � totel amount ot the sums aecured immedietely betore the taking,divided by @) the fair market vaiue of the Propehy Immediatey �= �
<br /> Ocfore the taklr�g.e�y tip�pw�o atian ha�atd t�Rartower.In the event of a aartlal takinp of the Prope►ty In which the falr ma�ket _: �,;
<br /> value of the Property Nnm�ately before the taking is Ieas than the amount ot the sums secured immedlatey betore the taking, 'j�
<br /> untess BoROwer and Lender otherwlse agree In wrtting or unless eppNcable Iaw otherwlae provides, the proceeda sheli be ��4�
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<br /> appiled to the suma aecured by thls 3ecutlty�nstrument whether or not the sums ere then due. • . 1
<br /> Ii the Propeity is abanduned by Borrower,or It,after notice by lender to BoROwer that the condemnor oNers to make an
<br /> award or setGe a ctaim tor damages. Bortower taAs to respond to Lender wfthin 30 days after the date the notice or o�vthe �
<br /> Lender Ia authorl�ed to coMect and epply the proceeda,at tts opUon, elther to restoratlon or repatr of the Properly �
<br /> , I sums aeeured by this 3ecurity Instrument,whelher or not then due. r+
<br /> � Unlesa lender and BoROwer otherwlse agree in w�tJng, any appllcatlon of proceeds to principa� shall not extend or
<br /> ;. ,:�
<br /> � postpone the due date of the monthty payments �eferred to in paragraphs 1 end 2 or change the amount of such payments. ,
<br /> ; 11. Borrower Not Released; Forbearanae By Lende�Not e Waiver.Extension of the Ume for payment or
<br /> . i mudifwnUon oi emo�tfzeUon ot the sums secured by thla Sccuriry Inctrument granted by Lender to eny successor in IntereAt ef ,�:.
<br /> . Bortower ahall not operate to re�ease the IlabilRy ot the origlnei Bortower or BoROwer's successors In Intereat. Lender ahal�not
<br /> � ba raqubad to commence proceedings egainat any successor In Interest or refuse to extend tlme for payment or otherwlse
<br /> I modity amoRlzaUon oi the sums secured by thls Security Instrument by reason ot eny demend made by the originai Burrower or
<br /> BoROwer's sueeesso►s in interest. My forbearance by Lender in exercising any �ight or tomedy shall not be a walver ot or
<br /> , preciude the exerclse of any rfght or remedy.
<br /> 12. Suaaesaore and Aastgns 8ound; Jolnt and Several Uabllity; Co-aignere. The covenanta and . ►
<br /> agreements of this 3ecurlty Instrument shall bind and benefit the successors and assigns of Lender and 8ortower,subject to the
<br /> provislons of paragreph 17, 6orrower'a covenants and agreements ahaM be Jotnt and several. My Bortower who co•signs this
<br /> Secudry inatrument but does not execute the Note: (a) Is co•signing thls Security Instrument ony to mortgage,grent and convey
<br /> thet Borrower's Interest in the Praperty under the tertns of thls Security inslrument: (b) Is not personally ob�lgated to pay the
<br /> sums secured by thla Securtly�nst�ument; and(c) agrees that Lender and any other Borrower mey agree to extend, modHy,
<br /> ". torbear or make any accommodations with regard to the terms ot thfs Security Instrument or the Note wfthout that Bortower's
<br /> consent.
<br /> • 13. Loen Charges. If the loan secured by this Securfty Instrument Is subJect to a Iaw which sets maximum Ioan
<br /> charges, and that taw Is tinally Interpreted so that the interest or other�oen charges coliected or to be coliected in connectbn
<br /> wRh tho Ioan exceed the permmed ilmits, then: (a)any such toan charge sheli be reduced by the amaunt necessery to reduce
<br /> I the charge to the permttted IImR; and (b) any sums akeady collected from Bortower which exceeded pertnitted ilmfts wlll be
<br /> retunded to Bortower. Lender may choose to make this retund by reduGng the princlpei owed under the Note or by making a
<br /> I direct payment to �ortower. It a refund reduces prfnctpal, the reductbn wfll be treated as a paAlat prepayment without any
<br /> prepayment charge under tho Note.
<br /> � 14. Notieea.My notice to 8orrower provided for In this Security Insirument shaN be given by delivering tt or by meiling it
<br /> T�_ ....u..� .ti.n tie ai,�� en tho Prnnatv AAdrass
<br /> . - by fltst dess tT18�t unless eppiicaDie iew requires uao vi 8nvi��e� T�o���.�.. �..o ....�..�. -.._..-- -••--•-- •- --- �. , -
<br /> , � or any other addresa Bortower deslgnates by notke to Lender. Any not�e to Lender shall be glven by flrst class maN to
<br /> lender's addresa stated hereln or ony other address Lender dosfgnates by notice to Bortower. Any notlee provlded for In this
<br /> Security Instrument shall be deemed to have been glven lo Bortower or Lender when glven as provlded In thls paragraph.
<br /> � ' " 1&. CiOVe�nlftg LOW; SAVA�Bbllity. Thls Security Instrument shall be govemed by federat �ew and the Iaw of the
<br /> :; wrladlctlon In whlch the Property Is Iocated. �n the event that any provlslon or clause ot thts SecuHty Instrument or the Note
<br /> ' � eonfllets wlth appllcable law, such eonfllct shell not aHect other provlsfons ot thls Securlty Inshument or the Note which can be
<br /> �' � s F � glven eHeCt wlthout the contlfctl�g provlslon. To thls end tho provlobns o1 thls Securlty Instrument end the Note are declered to
<br /> , be severab�e.
<br /> 16. Borrower's Copy. Bortower shall be glven ono tontormed copy of the Note and of thls Secuttty Instrument.
<br /> � ,'' I page 3 0�5 ,.�.s._ �-\~ .
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