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<br /> . BoROVCr m�y curo ouch o dcfault QnA rc:�stnto, no Rrovldcd In perAQmph 10, by c,u�tnp tho nction or proc^��:n� b bo I ,�-
<br /> dl�misacd viih n rul:np th�L I�i Lc:nci:r'o Qaoci !:Ith d�t�ii�1'nr.tlon,prr.r.:urc�tortciiuro of tho �OR6:•�cr'a Intr,rc�t !n Iho Pro�;ry or '
<br /> othcr matci�l I�np=Smtitnt o4 tho l.cn creatsd hy Ihls £�suriy Inolru���cnt or Lc��lcr'o occury lntacat. Des`ra�.�c7 ohc:l ct�o bo In
<br /> •, � dctau0 q Du�ovrer, duhnp lho loan nppCcatlon procesa, Qave mate�iatty tnlar,or inncci�rate InSQrtnutlon ar etatemente eo Lender(or =_
<br /> fallad to provlde Lander with eny n�tedal Inforrnetlon) Ir� corsnacUon vYth tho loan oYldenGed hy lhe Nato, Includ:�g, b�t not • _=
<br /> Ilmlted to, ropresentatlons concemtnp 9oreowe►'s occupancy of Ihe Property na a pdnclpn7 r��ldenaa. 11 thl� 5ecu�ty •�
<br /> Inolrument I� on a leasehold, Borcower ohntl comply wlth all iho proylstona o1 Yho Icnao. II Boiro�ver ar.quires(ea Ifilo to tho •_;
<br /> . � ,, Property,ihe leaeehold and the tae tilla aheil not mc�pe untesa Lender ogreae to the mapa In wrltlng. _
<br /> . 7. Protectlon of I.encler's Rlphta In the Property. 11 Oorrower tnlis to periorm the covenanto�nd apr�emonto � . —_
<br /> �_.
<br /> �' � contaNed in thls 9ecudry Inst[ument, or lhnre Is e legal proceeillr�g that nwy algnl�canty sff3ct L��d•a's �Igh4c {n liio Fropcn _
<br />_ (euah ae�prwRedfnp in 6anfwptaq,prob�te,for candemn�tlon or PodNture or to mtorce lawa or repuktlane), tiien 4anda m�y _ —
<br /> do and pey tor whatever le necesaary to protec4 the vaWe o}the Property and Lender's dghte in the Property. Lenda's actlona , "
<br /> may Inciud� pnying eny auma sacured by a Ilen whlch has pdority over thla Secudry InsUument, eppearinp In court, paylnp , .,����
<br /> � rcusonable attomeys'foes end enterinp an tho Properiy to mdke ve�A.re.Atthouph Let+der may take aC�on under thle paregrepfi " ,
<br /> 7, Lender doee not have to do�so. �
<br /> .. My amounts disbureed by Lender under parap�eph 7 ehall become addttlonal debt o} Bortawer aocured by thls Secudry ;��-
<br /> Inatrument. Unlesa 8orrower and Lender agrea to other terms of payment, these emaunts shail bear interest from lhe date o4 - __-
<br /> dlsbursement at the Note mte end ahall be payable,with Interest,upon notice hom Lender to Bortower requeat(tsg payment. " _ °_
<br /> �� 8. Mort�ac�e Insuranee. If Lender required mortgage Insurenco es e conditlan of maWng lhe lonn eecured by this . ��,cfi:
<br /> Secudry Ina[rument, Borrowcv ahall pay tho premlums requlred to maintaln the mortgage Insurence In eitect. II,tor any reaeon,the ��
<br /> mortgega fnsuranco coverege requtred hy Lender lapses or ceases to be In eftect, Bortower chall pay the premlums requt�ed to •• •�`- `�
<br /> � abtain coverage substanUN.y oqu(vnlent to the mortgafla Inourance previousy In ettect, et a cost substentiaky equtvalent tu the �--
<br /> co�t to Borrower ol the mortgnga Insurance prevtausy In eftect, irom en aftemete murtgage Insurer npproved by Lender. If � .. , .,��.
<br /> 1°iSL�
<br /> subatantlaiy equNalent mortgage Insurnnce coverago Is not nvellsbie. Bortower shell pay to lendet each month e sum equd to �•-�y�_-,.�.
<br /> onetweHih of tho yeedyr mortgage Insurance premium bNng pald by Bonower whm the insarnnce covenge lepsed ar cetaed to '. .• �L
<br /> be fn efloct. Lendw wfll acccpt, uso and rataln theso paymmta ae e losa reservo tn Ileu of mortgaga Insurance. Loss reswve •^� -.='" ""''°'
<br /> �Y,.-��•�
<br /> ' � paymenta mny no longer be required,at the option o}Lender, II mortgsga insurance coverage (in tha etnount and Tor the pedod ._;�,�;;.,i�
<br /> " that Lendar requlres) provld�J by an Insurer epproved by Lender a�in becomes avellabla an� Is abtalne�. Bortower shail pay :.�:.-��
<br /> � the premtums required to maintaln mortc,}age Insurance in eNect, or to provido a toss reseive, untA the requlremenl tor mo�tgage ..--�,::=s�.
<br /> Insurence ends In accordance with any written agreement be!ween Bo�rower and Lender or appilcable law. --
<br /> 9. If1sp8CtloD. Lender or Its aget�t may make reasanablo enUiee upon and inspectlons of the Property. Lcnder shaN gNs �.`4!,�t;+ r,
<br /> �� --
<br /> BoROwer noUce at the tlme of or pdor 4o an InspecUon specifying reasonabte cause tor the(nspecUon. �„�:�d{,a.r-=
<br /> 10. Condemnatlon. Tho proceeds o}any eward or clalm tor damages, direct or consequcnti�, In conner.tion with any ,. '_'.�?�;,�.
<br /> condemna8on or other teking oi any part of the Ptope�4y, or tor conveyancc+ In Ileu of condemnnUon,are hereby e►ssigned end '-'�'::—__
<br /> shali ba peld to Lender. �-
<br /> � In the event of a total taWng of the Property, the proceeds ehall be appllod to the sums secured �y this Securlry -"
<br /> --- - --— t�w�'�t;����d�:;tte�r�, ��r�:..2���d�a���i� a�y�,�o�pald ia �o�ra::�. �R tts�a:�s2 a!�F..^K::!•°..»..'zg o! !fss PtOg�!;��yrh�tt _—�,:`• -- �•'�� _
<br /> ' the felr markei valuo of the Property Immxdiately beTo�e the taking Is equal m or greater thun the emaunt ot the sums secured -0 ^ _
<br /> , � by thts Secudly Instrument Immedletely betore the taking, unlesa Borrower and Lender othernlse egree In wdting, the sume ,r
<br /> � securad by this Seaurity Instrumen2 shail be reducod by the amount of the proceeds mufUplled by the lollowtng hactlon: (a)the ' "
<br /> totel amount of tha sums secured immediutely betore the taking, divided by(b) the falr market value of the Propetty Immndiatety � �•%
<br /> , betore the triking. My balance shall be pald to Borrower. In tho event of a paAlal taking of the PropeAy In which the falr maricet ��:,:'.��:.`}�.�
<br /> value of the Property Immediatety before tho tekinfl Is lesa than the amount of the suma secured Immediatelyr batore the taking, ,t��L�,,
<br /> •• , unless Borrower end Lender othetwlse aflreo In writing or unless applicable law othenvlse provides, the proceeds shell 6e 4�y�• :
<br /> applied to the sums aecured by thls Secudry Inatrument whether or not the aums aro then due. r w` `.
<br /> II the Property Is abandoned by Bonowe.K,or it, after notice by Lender to Borrower that the condemnor oYers to rnako an '���'',•
<br /> . awurd or settle e claim tor dumegos, 8ertower fafls ro respond to Lender within 30 days aRer tho date the noUco Is glven, �":- �/ ° �
<br /> Lender is suthodzed to collect nnd epply the proceods, et its option, either to restoretlon nr repair of the Property or to the I ' ` � .
<br /> sums secured by thls Security Instrument,whether or not lhen due. �� / ��S
<br /> . Unfsss Lender and Borrower otherwlse ngree In writlng, any upplicallon oi proceeds to prindpul sha11 not extend or '''�.�+
<br /> postpone the duo date of the monthty payments retetrod to In paragrephs 1 and 2 or chango tha amounl ot such paymente. ���.;����_�- �
<br /> ,� 11. 0orrawor Not Released; Forbearance By Lender P�ot a Waiver. Extension of the timo tor payment or � �y—
<br /> modiCcaUon ot omortizuUon o}tho sums secured by thls Securiry In�trumen!granted by Lender to nny successor In Interest of � '=
<br /> Borrower ehall not opernte to releese the Ilabfl(ty ai tho o�iginal Boerower or�oROwer's succossors In Intereet. Lender ahall not ''�r�
<br /> •• be required to commenca procendings ngalnst any successor In intercst or refuso to extend time tor payment or othorwise
<br /> modiy amortltaUon of tho sumn secured by thls Securfly InsUument by reason of any demand mude by the ortginal Borrower or ._ . ���'`�
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<br /> Bortower's successora In Interest. My forbearance by Lender In exercising any right or remndy ahell not be a walver of or 'f� w.
<br /> - preclude tP�e exerclse of any right or remedy, � �, ,
<br /> ; � 12. Successors and Aasigne Bound; Jolnt and 5everel LIabU(ty; Co-slgners. rne covenante and � � t-
<br /> �� ,;.
<br /> egr�emonts of this Secu:ity InsUument shatl bind and benefit the successo►s and asslgns of I.endar and Borrower,subJect to tho •�„ -
<br /> provislons of paragreph 17. Borrower's covenants and agreements shntl be Joint antl several. My Borrower who co-signs this � ;; +!�
<br /> � Sacudty Instrument but does not exeeute tha Note: (a) ts co•signing thls Security In�trumont onty to mortgage, grant nncl convey � � • .
<br /> _ thet Bor►ower's Interest In the P��operty under the terms of thla Secudry InsUUment; (b} Is not porsanally obligated to pay tho �
<br /> ' sums secured hy this Socuriry InstNment; and (c) egrees thnt Lender and nny other Bortower may agreo to extend, modify, �
<br /> torbear or makd any accommodstions wlth regard to the tertna of thls Securily Instrument or the tJote wlthout that Bortower's i �^
<br /> consmt. �
<br /> 13. Loan Charges. Ii tha loan �ecured by thls Security Insbumant Is subJect to A law which set3 maximur� loun .,.
<br /> charges, snd that Iaw Is finalty(nterproted eo that the intereat or other loun charges calleeted or to be cotlectad in connectlon
<br /> ' with tho loan exceed tho pemilttad Gmtts, 4hen: (a)any such lonn chergo shall bo reduced by the amount necessary to reduco , 7 .
<br /> tho charge to tha permltted Iimlt; and (b) nny sums nlready collected trom Bortower whlch oxceoded permltted Ilmits wili be ,
<br /> rotunded to 8ortower. Lender may choose to maka this re!und by �educing the princlpai owed under the Note or by making a . ,
<br /> diroct puyment to Borrower. If a rafund red�rcos principal, tho reduction wlll ba treated as n puRlal prcpaymcnt without nny
<br /> prepayment charpo under tho Note. F-
<br /> 14. NOtIC98.Any notice to Berrower provided for In thfs Soaudty Instrumcnt shnll ba given by dclivedng ft or by mviling It
<br /> � by Tirst class mail unloss ¢pplicnblo law requires uso of anotiter method. The notice shall bo directed to the Property Address �3
<br /> - � - -- or any omer eddrsss esorrower designates oy norico io iendcr. iviy notico to i.enaer snan oo grven oy nrut cinss man to =—�
<br /> Lendcr's nddress stated hercln o� any other nddress Lcnder deslgnates by noUeo to Borrower. Any notteo provlded tor In thls
<br /> Securiry InsUument ehafl bo dcemed to have been gNen to Borrower or Lender when gNen as provided In thls pumgmph. ,
<br /> 1 S. Governing I.,aw; S6V8�eblllty. This Security InsVument ahal! bo govemed by tedernl law and tho law of the
<br /> . Jurisdietion In whlch thn Properry Is locatad. In tho ovent thnt eny provislon or ctauso ot this Sucuriry Instrumcnt or tho Noto �
<br /> conllicts w9h appl{cabte iaw, such contlict shull not attect other provislo�s of this Security InsUumont or tho Noto which cun be (
<br /> � � pNen r.flect without tha conflicUng provision.To this end tho provislons of thls Sccutiry Instrument and Iho Noto aro dectared to �
<br /> bo scverablo. �
<br /> • 1fi. Bor�owor's Capy. Bortower ahall bo gNen ono can(ortned copy of tho Noto und of thfs Securiry Inswment.
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