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<br /> � . ' Bor►awer mvy cure suoh a detauft and rehatate, as provWed In porap�aph 18, by causinp the actlon or proceoding to be ' �
<br /> "y disrtelssed with a rulinp thet,in Lender'e good fefth d�termtnetlon,prealudets fodelNre of the Borrowar's intereot In the Property or
<br /> �l other mate�lal impuirment of tho Ilen created by this Seeurity Instrument or Lender's securlty Interoat. Borrawar ahat�niso bo In ,-
<br /> � ' detault Ii Borrower,durNg the Ioen appuoaUun proceas, gave meterlaly faiee or inaceurate Informatlan ar etatomcnts to Landor(oe , , , •
<br /> � ffiIled to provide Lender wilh any matadul Intormation) In connootlon wRh tho loun ovldcncod by tho Noto. Inciudinp, but not ��
<br /> . (lmlted to, repreaentetiona eoneeminp 8onower's oceupanay ot tho PropoAy na a p�Incipoi roaidonoo. if lhla 5ecudty� �
<br /> `' Instrument is on e teasehold, Borrowar ehali comply with nil tho provlsi�ns of tho lenao. If Borrowar acqulroo tQO tltio to iho �'
<br /> ��'+.
<br /> Properly,the leasehold and the lee title ahntl not mergo untess Landet apraos to tho morpor In w�itlnp. Q �r
<br /> 7. Proteetlon of Lende�'� Rights M the Property.it eor►owcr taps to paAorm fho cov�nnnta nnd utiroemonto� ,, s'—
<br /> •• contalned in this 3ecu instrument, or thero Is n le ni roeaodln thnt mo �I iticnn nNect Lendcr'a d hts In the Pre ��'"1
<br /> �Y A P 8 Y "8n UY 0 n��
<br /> (sueh as a proceeding in banWuptcy, probate, tor condemnatlors or toAollure a to eMorco inwe or reguiotlans),thon Londor may� � �;v
<br /> do and a tor whntever (s necessa to rotect the votue o}the Pro e nnd Londer's d hta In the Pro e Lender's notfonst' �"��r.
<br /> P Y rY P P nY 9 P �Y• �� J•# `
<br /> may indudo paying amr sums secured by e Ilen whleh has pdorlty over thls 3ecurity inatrument, ��n�,A��Q �� r,rnirt, �eylnp { .
<br /> �� reaeonable attomeys'tees and entertng on the Properly to make repelra.Afthough Lender mey take actlon under thls paragmp • ���
<br /> 7,Lender doea not have to do eo. ��
<br /> My amounta dlabursed by Lender under paragraph 7 sha0 become edditionai debt of Bortowor secured by thls 3ecurity� l'�'
<br /> Instrument. lfnless Boaoww and lender agrea to other terms of payment,these �mounts shati bear intereat hom the date of '�,;
<br /> disbursement at the Note�ate and ahell be payabte,with interest,upon notice from tende�to BoROwer requesting payment. �;�
<br /> •��''''�' 8. 96�01$QJJA�Q IP13�lPdnCO.It Lender requited movtgage Insurance as �condiHon of rnaking the loan secured 6y this :*.' .
<br /> � '"• . � 8ecurity Instrum2nt, 8ortower shall pay the premiums requir�d to mAintr�in the mmrtgage insurance in eftect. tl.4or any�eason,the
<br /> ���,`•,•::.';;;�:. mortg3ge insurance coverage required Ey l.ender lapses or ceases to be in efPect, Bortwver shAll pay the pre�niums required to ` s, i
<br /> � obtain coverage substanUaly equtvalenllo the mortgage insurance previousy in e9Pect, at a cost substenUaily�quivalent to the � . ��1 °
<br /> '� � � �� cost to Bottotiver ot lhe mortgage insurance proviously in eHect, hom an allemnte modgege Insurer approved by Lender. B �;' . •
<br /> `,• '� substentially equivatent modgage insurnnce coverage is not avallab�e. Boaower shnll pay to Lender each month a sum equal to �: ,�:`-_
<br /> '�•. :�:
<br /> -_-„ �..,. .:
<br /> '�� one-twettth ot the yeary mortgage insurence premium being paid 6y Bortower when the Insurance coverage lapsed or ceased to ; - �
<br /> be in eNect. Lender wlll accept, use and retain lhese payments as a loss reserve tn Ileu ot mortgage insurance. Loss reserve y';,,�`� ��
<br /> paymenls may no longer be requi►ed, at the optlon ot lender,H mortgage Insurance coverage(in the amount and for the period �:+`�s:�•,�;�+?-� `•,_.
<br /> ,+., that Lender requires) prou�ded by an insurer approved by Lender again becomos avAiiabie and is obtained. Bortower ahel pay •.,� •, A.�'fsf�:;};''z;;. . =--
<br /> the premiums requlred as maintsln mortgage Insuranae in eHect, or to provide a loss�eserve,untN the requirement for mortgege �� � f; ' .S?t� A—
<br /> � �'� Insurance ends In accorda�ce wUh any written agreement between Borrower and Lender or appllcebie taw. � ' ��: � ,
<br /> `•� 9. 1115 ection.Leader or ita a ent ma meke reasoneble entrfes u on and Inspectlons ot the Pro e Len�er shaM ive ' � � �.
<br /> ,; >1• P 9 Y P p �• 9 •.ti�' � �.s: •
<br /> 8orrower notice at the Ume of ar rbr to an Ins ecUon s e n reasonabie cauae for the inapectbn. ' �;•:�.: ` ° �
<br /> ' ''1��'.� 10. �ondemnation. The proceeds of eny award o�claim for damages,direct or consequenUat, in connection with any „ � �.`r�',�4;�`�'���
<br /> . ' '1 4;i�i:.•:r� "��. ,.�� .�i�' —
<br /> conde�nnation or ot6�er taWng of any pen of the Properly, or tor conveyance In Aeu of condemnadon,are hereby assigned and .�,�
<br /> ,;�;:: �.
<br /> , ' sha11 ba paid to Lender. 1• , ,
<br /> j�::�.,,, : '.; . -
<br /> In the event o4 0 4ota1 taking ot the Property, the proceeds shait be applled to the sums secured by this Securfty �r '�1 ,, � `
<br /> • , �nsteumend.whether or not then due, w8h anv excess pald to Borrower. in the event ot e perUat taking of the Property In whicA � = „�: T
<br /> � ' the fa:r market vaiue oi the Property Immedietey betore the taking is equal to or g�eater than tha amount of the sums secured , • ��'"•�'i �� s
<br /> ��'•��; ` � by Yh:s Sacutily Instrument tmmedlatety before the taWng, unlesa Borrower a�d lender,othervvise agree in wtiling, ihe sums �;•., ���'':�, �
<br /> secured by this Secwily Instrument shel be reducad by the amount ot the proceeds muNplfed by the tollowing fraction: (a) lhe t,';:'•,'•�� h� •
<br /> totai amount ot the sums secured Mmediately before the taking, dNided by(b) the feir markel vaiue ot the Properiy Immediately `" ±�'
<br /> before the taktng.My batance shal be pafd to Borrower. In the event oi a partiai taking of the Properry(n which the felr market �� � ",,�?r�
<br /> vaiue of the Property Immedlately betore the taking is Iess than the amount of the sums secured Immedlately before the taking, � r�•�� '
<br /> � unieas 8ortower and Lender otherwise agree in wrfdng or uniess appYcable Iaw othervvise provides, the Qroceeds shali be • �'%y���''FFF� .
<br /> I epplied to the sums secured by this Security Instrument whether or not the sums are then due. ;��
<br /> , I(the Properry is abandoned by Barower,w if,after no8ce by Lender to 8orrower that the condemnor oNers to make an � �.
<br /> award or setde a daim for damages, Borrower fails to respond to Lender wlthin 30 days after the date the noUce Is gNen, '
<br /> � Lender is authorfzed to coAect and appy the proeeeds, at fts opUon, efther to restoraUon w repair ot the PropeRy or to the I ��d
<br /> � sums secured by this Security Instrument,whethe►or oot then due. �j���
<br /> � Uniess Lender and Bortower otherwise agree in wridng, any application ot proceeds to prindpal shail not extend or .,>;�� ;. ;T�
<br /> postpone the due date oi the mornhiy payments referred to in paragraphs 1 and 2 or change ihe amount of suoh paymente. �f% �-_
<br /> ' 11. Borrower Not Released; Forbearance By Lender Not a Waiver. extension ot tne Ume tor payment or j � ' , `
<br /> modiflcation of amortlzation ot the sums secured by this Security InsWment granted by Lender to any successor in interest of f ' . !��"`
<br /> n
<br /> �� Borrower shell not operate to re�ease the tlabiifty of the original Borrower or Bonowers successors In interest. Lender shall not ' • •"J�
<br /> � be requlred to commence proceedings egainst any successor In interest or refuse to extend tkne for payment or othawise r , '
<br /> modiy amortization of the sums secured by this Security InsWment by reason of any demand made by the or(ginal Borcower or ;'. •� �.�
<br /> Borrower's suceessors (n Interest. Any forbearance by Lender In exerdsing any right or remedy shall not be a wahrer of or , �,�:,T
<br /> � preciude the exercise of any�ight or remedy. •w�''+_
<br /> .,
<br /> I 12. Successo�s and Aasigns Bound; Joint a�d S�veral d.iability;. Co-signers.The covenants and • �t•��+r
<br /> agreements of this Sewrity�nsUuenent shall b(nd and benefit the successors ar.al assigns ot Lender and Bortow�r. subject to the �.
<br /> provisions of paragraph 17. Borrower's covenants and agreements shall be join:and severai. Any 6oROwer who co-signs ihis .�.
<br /> Security Insirument but does not execute the Note: (a)is co•sigmng ihis Securiry I�sirument onty to mortgage.granl and convey ,:',j,��
<br /> that Borrowers interest in the Property under the terms o!this Security tnstrucnm;: (b)is not personaliy obligated to pay the �
<br /> sums secured by this SecurHy I�strument; and (c)agrees that Lender and ary o!her Bortower may agree to extend, rnodily, • �'•��
<br /> ,.,,...
<br /> torbear or make arty accommodaUons with regard to the terms of thls Secur.".„ i^stmment w the Note without ihat Borrower's -`.�;:�•
<br /> , consent. . ,."±
<br /> 13. Loaro CYearges. If the loan secured �y ^.h�s Securrty l�strumer.� �s subject to a lew which sets maximum loan '
<br /> charges, and that�aw is finalty intergrreted so that the mieres; or o'�e�ban charges colected or to be collected in conneCLOR '
<br /> with ihe loan exceed ihe permitted{imRs.then: (aJ any such �ra� cnarge shali be reduced by the amount necessary to reduce
<br /> the charge to the parmitted Iimit: and(�1 aay swms atready collected from [9orrower which exceeded permitted IimAS wili tre �`.�••.�
<br /> ,�f,�,..
<br /> ' refunded to Borrow� Lender may choose tu mal.e th�s refund by reducing the principal owed under the Note or by rrtaking a .
<br /> dred payment to Bortower. it a retund reduces pnncfpal, the reduction will be treated as a partiai prepayment wdhout any ;s��'�.
<br /> , prepayment charge under the Note. �°
<br /> 1�4. QdOtiC68.My notice to Bortower provided for in this Security Instrument sha4 be ryucc�n by delivering it or by madmg it "• �
<br /> ` by first class maii uniess applicable law requires use of another method. The notice shali be directed to lhe Property Address �
<br /> � j or any other address Bortower designales by notice to Lender. My notice to Lender shall be given by first class mail to '
<br /> Lender's address stated herein or any other address Lender designates by not�ce to Borrowec Any notice provided for in this =
<br /> Security InsWment shell be deemed to have heen given to Borrawer or Lender when given as provided in this paragraph.
<br /> 15. Goveming Law; SeVefebuli8y. This Security Instrument shaA be govemed by federai law and the law ot the �"
<br /> juris�ction in whlch the Property is located. In the event that any provision or clause of this Securily Instrument or the Note _
<br /> } eonncts with appicable Iaw, such conflict shall not attect other prowsions of this Securily Instrument or the Note which can be
<br /> ; givQn ettect without the conflicting provision.To this end the prorisions of this Security Instrument and the Note are declared to
<br /> be severable.
<br /> ' 1S. BOrfOwB�'8 COpy. Borrowtt sha11 be gnen ona contorm�ed copy of Ihe Note and of this Secunty Instrument. :�
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