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<br /> _ ,rz�;. " ' ' g�wer r�wy eura euch � deleutt and reiastate,no providad In pnrt�pb 18,by oautktp th�aaUan or arao�eedinp to be
<br /> ��'+��`'��•`•��''�� ' dlamlaeod wftN e tuiing thu,In Lendar'e flood talU�date�mirtstlon,preoludes tortdhtro of ttt�Borrow�r'a Intarat fn tbe Ptopetty or
<br /> - ; �'"';{'. other rtu�taW impakment ot the Iten ore�ted by tNiu 3aaurKy InaUument a Lend�e ssoarHy Int�s� Bortownr sha9 tl�a bo� _
<br /> _ _ .._.. dsf�uR B Botraw�.dudng!hs la�n npg�tlQn pr�ceso,gnve mstMaYy tatae or In�eour�fe(nlonrssUon at sfatemenb 4o Lertder(ag, =---- --- --
<br /> � ,°, • faAed to provide Lendor wltA any mntcdal infotmetion) tn cunnecttan wtth the!wn evidenoed by the Note, inalud(np, but �� _�_�--_-
<br /> a �-,
<br /> ::-.._____�,-'-� 4�ed to, reprdsent�tlons ooncamtn3 Sorrower'o e�uP�nay ot !he Properly as a prino�a) residenoe. B this 8ecurtly �� _ _
<br /> ,. � ' taatrament la on a leasehold, Boreewor ehaV oom wtth aH the provialona o1'the taaee. K Botrower eequirea tee tltle to tha�'�' ``-,�-��-==
<br /> ' Property,the teReehold and the fea 11Ue ahsU not me��ige uMeas Lender apreea to the merya M wridnp. 0 � j�j"�`'°�°' ------
<br /> ,,,W,_., .,..
<br /> � 7.Proteotlen ot L-endor's iilglrts In ths Prop�rty.it Borrower taAs to�torm the oovenx�te and�yre�nente ;��'�,`$Ic,*�'.,*;�-_,._--
<br /> ,• .,• aontntned in thla Secudty Inatrumant. or there is a�eflat praceeding that may elgniRosntly atteat Lender's dghts U the Prope��� 'r;:°:---
<br /> (suoh as n proeesdinp In fwnWuptoy,probato,tior eondemnatlon or torfeiGUe or to entoree Iawe or reQulatlons),then landar ma � ' ":.��:;;;T-_
<br /> do und pay tor whatover ia necossary to prateot the vefue o}the Propedy nnd Lendnr'e dghta In the Property. Lenda'a actlone� : •`•'�'�'*�",
<br /> .� . may inatude payM9 a�y suma soeured by a Ilen whtah haa pdoriry over this 8ecudty Inahument, epAearing in couA, payin9 ' • .� , _
<br /> � � � ` reasonabie attomeys'fcas and cntedng on the P►op�iy to make repetrs.Atthouph Lender mey tako aotton uc�d�this pareg�nph
<br /> � 7,Lender doea not have to do so.
<br /> •°���+:�.`:'�•.. My amounte dlabursed by Lender under paragraph 7 sha�l beaome additlonat debt ot B�Qmerc�r�orxccra��p 4'�'�a S�aau•r1H .
<br /> .`"�'�-�'���'`�YJt=' inaVument. Unlese Borrower and Lender a ree to other terma of
<br /> ,.,�.. g payment, these amounta o�@�e iat8YQ3H Yt�iUC 1IIW�A16 01 ,
<br /> •• �'��'°`�`'"+�` disbureement st the Note rata and shali be payaisle,wfth tnterest.upon nottce irom Lendxr Ca�arre�¢�eca�aas9ing�aym�nt � •;•
<br /> ����:.�.
<br /> � ..�`�,�'`�r;.. $. Moltgage (�sulranae. if Lender requked mottgage insurance as s con�'�`ac► of ma.��s�t�a loan secured by this • ��t,, ,,;�.`����•,;�.:�
<br /> ei ; � o t�
<br /> L ,� , ," t ��i,f�g.` Secufily Instrument, Borrower sha►1 psy the premiuma required to mafntain tho mortgage insurance In etfect.Ii, tor any reason�the �. � ` ,�
<br /> � -�,,; , , `�;�rc; mortgsge insurence coverage requhed by Lender lepsos or ceases to be in ettect, Borrower shall pay tho premiums required to ;
<br /> �r*; obtain aovem e subatan uhralent to the martgaga inauranae revbu !n etteat,at a coat substanUal equivelent to the ' � !: � '
<br /> ,, r,; :;.,:�,:�,�...�'��.t� 9 �Y �9 P 8N H . t , L.�...
<br /> ;;,,�; . , �<�,;•,i�.. cost to Borrower ot the mortgage lnsuranca prevlousy in efterst, from en aftemate mortgage Insure►approved by Lender. It °i;:f1�`1,' ,..;. .;;;
<br /> �. •. �� substentlaly equNaient mortgage insurence coverage ta not avaUabie, Borrower shell pny to Lender esoh month s sum equal to . -.-.,-,:��r:�
<br /> �'�'.`�;�':' • „ one-tweF'rlh of the yeariy mortgage insurence premlum being pald by Borrower when the insurance covaago tepsod or oeased to - '� •�---?` .
<br /> . be in etfect. Lender wlll acaept,use and retain these ents as a toss raserve in Aeu of mort e tnsurance. l.osa reserve � � `"� '" '`�'
<br /> .� ' • }; i , . P�Y� �9 ' •=;: �'1;`;;�a
<br /> paymenta may no longer be required,at tha opdon ot Lender,tt martgage insurance coveiage pn the amount end tor the pedod ��.,;,�<� _ �.. '
<br /> �• � '�;=•i�.�<? that I.ender requires)provided by an inaurer approved by Lender agatn becomes aveliab[e and is obtalned. Borrower aheA pay �' '•�� ; ^� `=-
<br /> -a•:.:r. „ , ��P,=..
<br /> „ � the pr�niums required to mah�tain mortgage tnsuranoe(n efleat, or to provtde a Ioss reserve,undl the requlrement fa mortgage . '.:;`:._' ` • :R�
<br /> insurance ends in accordance wfth any written agreement between 8orrower and Lender or appiloabla lew. • ., ��_ �: ,i�" '�;;
<br /> 9. inepeotion.4ender or fts agent may meke reasonabte e�ies upon end InspeeUons of the PropeAy. Lender aheli give , . „ ���'•�
<br /> Borrower noUce at the time oi or prior to an InspeeUon specHying reasonabie cause tor the InspeaUon. -,,,. ''-
<br /> 10. C011demnetlon. The prooeeds of any award or dalm for damages, dUect or consequenUai, in connection with any � •� .,;��
<br /> � • condemnaUon or other tak)ng of any part ot the Properiy,or for conveyanae in Qeu of condemnatlon,are hereby asetgned and . . � -�r�:�
<br /> �, r�
<br /> shali 6e paid to Lender. , � '"'�`���-.
<br /> In the event of a totaf taktng of the Property, the proceeds shati be appUed to the eums secured by thls Securtty �....:
<br /> InsWment,whether or not then due,wfth any exeess paid to BoROwer. �n the event of a peitial teWng ot the Properly in whioh "`;;�,,;,
<br /> � the fah merket valus of the Property immedlatety betore the teking is equat to or greate►than the amount ot the sums secured - _ -`—.�. y -
<br /> '�:.��. by this 3eatrUy tn9trument immedlately betore the taldng, uniess Bortower and Lender otherwise agree in wrtting,the sums ,;:�,•• �5 �
<br /> ,�..'%',�'��; secured by thia Secur(ty InsWment aheq be reduced by the amount of the proceeds mutdpAed by the toUowing freotlon: (a)the ••�,;.!r�� :
<br /> ,':';;.� total emount of the sums secured Mnmediateiy before the taking,divided by (b)the talr metket velue at the Propeity Ynmediately , �.,.r.•��
<br /> • ,:''.,;�: betore the teking.My baianae aha11 be pald to Borrower.In the event of a paNal tetdng ot the Propedy in whiah the fair mericet � :'i�',.',�;; ;:
<br /> . ' � ,�.•: ��� vatue ot the Property immediately betore the taking ts teas than the amount oi the sums secured Immadiatety betore the taking. �� 't�; '.
<br /> `.s�'-�, �•:`�',`����.+ unieas Borrower end Lender othervvlse agree In w�idng or unless�applioable Iaw otherwise provides, the proceeds shall be I � ..`,'`��:il ,
<br /> �.;� %:�. , ..•, ,.
<br /> •��:...-�; appiled to the suma secured by this Securlty Instrument whether or not the oums are then due. I ,�� �
<br /> _ � �,:«' M the Prope►ty is abendoned by Bortower, or H, after noUae by lender to Bortower that the condemnor oHers to meke an j �. <;�+�
<br /> � • . �%:���j:' awarc! or settie s ciaim for damages, Borrower teils to respond to Lender wlthin 30 days after the date the noUce fs gNen. f �� �
<br /> �1. , ,.�,,,,;:;;;;,:, Lender Is authortzed to cotleat and apply the proceeds,at its oplion, eRher to reatoration or �epair af the Property or to the I ,,:,
<br /> .�;'••: ��; sums secured by thts Security Instrument,whether or not then due,
<br /> � , Unless Lender and Borrower otherwise agree tn wdtkig, any appiicadon ot proaeeds to prindpat shaU not extend or ' • 'J��
<br /> �.' postpone the due date of the monthiy payments reteRed to In paragraphs 1 end 2 or ohange the amount of such payments. � =�'��`:.
<br /> � 11. Borrower Not Released; Forbearance By Lender Not a Waiver.Extenabn of the time tor payment or ''%°-�, ,
<br /> • !i'�� modHlcaUon ot emorthation of the suma secured by thls Securtty instrument granted by Lender to any successor in interest of �
<br /> • Bortower shaU not operate to release the IfabiNty of the odginal Bortower or BorroweYs successors in Interest. Lender she11 not ' . • �;{`i;
<br /> .�•,'., be required to commence proceedings agalnst any succeasor in intereat or retuse to extend dme for payment w otfierw(se f ''``'
<br /> �--'•�:•
<br /> ' modHy amortizeUon of the sums secured by thls Secutriy Instniment by reason of any demand mede by the otlglnal Borrower ar � :' ',�'"!"�
<br /> � Bor►ower's successora in interest. Any forbearance by Lender in exerclsing any �Ight or remedy shail not be a welver of or ' • .
<br /> ' preclude ihe exerdse of any dght or remedy. � �
<br /> ��' 12. Succeasors and Asaigns 8ound; Joint and Severat l.iabitity; Co-sig�era.The covenanta and , ..,,_
<br /> . agreements ot this Security InsUument ahall bind and beneflt the succesaors and assigns ot lender and 8orrower, subjeat to the ; •
<br /> provisions ot paragraph 17. Borrower's covenanta and agreements shall be jolnt and severai. My BoROwar who casigns this , •
<br /> Security Inatrument but does not execute the Note: (a) Is co•signing thls Security Inatrument only to mortgage,grant and convey '
<br /> that Borrower's interest in the Property under the terms oi this Security InsUvment; @) Ia not personaiy obilgated to pey the
<br /> aums aecured by thls Securiry Inatrument: and(c)agrees thet Lender and any other Borrower may agree to extend, modity,
<br /> farbear or make any accammodaUons with regard to the terms of this Security Instrument or the Note wilhout that Borrower's
<br /> consent. -
<br /> 13. Lo811 Ch8rge8. H the toan secured by this Security Instrument is subJect to a lew wh�h sets ma�Jmum Ioan
<br /> cherges, and that taw fs flnaly interpreted so that the interest or other Ioan charges collected or to be coilected in connection
<br /> wRh the Ioan exceed the permined NmHs, then: (a) any such toan charge shaY be reduced by the amount necessary to reduce
<br /> the cherge to 1he permilted Iimft; and (b) eny sums already collected trom Botrower whlch exceeded permltted INnfts wlll be
<br /> ' refunded to Borrowar. Lender may choose to make this refund by reducing the princlpai owed under the Note or by making a
<br /> � dlrect payment to Bortower. If a retund reduces principal, the reductlon wlli be treated as a partlel prepayment wRhout any
<br /> prepayment charge under the Note. :
<br /> 14. NotlCes.My notice to 8orrower provided tor In this Security Instrument shaU be gfven by dellveiing k or by malling ft
<br /> by Tirst cleas mall unlesa applivable law requirea use oi another method. The notice ahall be directed to the Property Addresa .
<br /> or any other eddress BoROwer designetea by notice to Lender. My nol�e to Lender shall be given by flrst class nwil to
<br /> •� Lender's address stated herein or any other address 4ender designetes by notice to Bortower. My nouce provided tor In thla
<br /> Security�nstrument shatl be deemed to have been given to Bortower or Lender when gNe�as provided in lhis parugreph.
<br /> 15. Governing Law; Saverability. Thls 3ecurfty InsVument shall be govemed by tederal law and the law of the
<br /> � Jurisdlctlon In which the Properly is located. In the event that any provision or dause oi this Securfly Instrument or the Note
<br /> i conHicts wilh appilcab�e law, such conflict shall not attect other provisfons of this Security Instrument or the Nota which can be
<br /> . � given effect wfthout the conflicting provislon.To thia end the provisions of this Security Instrument and the Note are deelered to
<br /> � be severable.
<br /> 16. BOt'1'Ower'S COpy. Bortower shall be given one confortned copy of the Note and of this Security Instcument.
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