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<br /> � � � ' .t- . Bmraw�may aue such a defauft end r�nstete.as ptovided tn paragraph 18. b1l��9�e actlon or procse�ng to be _ , .�.
<br /> ` �. � , . : ; � • � �sed wHh a�uMg thaL tn l�d�'s ga4d tahh detertntnalicn.Pred�cdes torte�ue oi the Boriower's IMerest fn the RvP�ty+or . � , . � .��
<br /> ' oth�affief�f tmPstm►ent ot the�en created bY thts Searityt Insfimt�t or Lender's seacriry tnteresf. Buaawe3 sha0 etso�s tn • . . -
<br /> �- Qdazdt B Bmrower.durfi9 the toan appEcatson proccsa.Sava mate�7Y tatse or tnacdu�Re infom�alfon ar staieme�rts to lender(or � � _ ,
<br /> ' � ' taIIed to provtile Lender wRh a[ry matertal kttom�lot�) In encme�dicn w$h fhe toan evidencad fay Uie t�tote. indu�rtg, bu�aot � . .. �`
<br /> � �', OmIDed to. ceprese�taaa conceming Barravre's oeeupanry cf the P�opetry as a pdndpal resIdence. I! tAts Seaugy -; . . ` • ;.��a
<br /> y, `°'��` '�� • InstruntaM is on a tecsehotd, Bortawer s h a D ca m p t y w f t h a 9 t he pm v E s s i orfs o t•t�a t e a s e. I i 8 o rt o w r e r a c q u i r e s tes tF�a to the _ � .
<br /> ' �" � ' � . PrcpeRy.the feesehold and the tse tffie sheU not m�ge uNesa t ender agrimes to the m�ger tn wrtttng. �� � . � k
<br /> -� � • � ' � 7.Ptotectton af I.gttder's RigM`s in ths Property.�t eorrower tsns to pertortn the cav�ams ana acgee�n�ts � �� `,
<br /> - ' � dontafied fi thls Seariiy►Instnurted. or tha9 is a legdt�pmeee�ng Umt may sign i 8 c a n t y a fl e c t L e nde's dgMs fn the Fro p e ri y � � • • . ,
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<br /> : . .,. . . (sucA as e procee�irt9 fr►hantaupt�y.Pmbate.tar candeaure�on or todeEhue or to eafa�e iaws or regu�tians),th�Len32r may
<br /> ° ' do a�►d pay tor whai�v�Is necsssary to pmtect the veiue of the Praperiy and lendsr's rlgMs fn the Property. Lend�'s sctlQns
<br /> ,.: „ ' �-'--�= fiay�dnde P8Y�8�H �aas sewred by a Ue� ti4l�Ich R�s pdoritf over tA� 3ecucfry Ins�mtienL epAeartng in oourt. Oa7M9 , � f• .._ �_
<br /> . �_. � m a s o n a h�e a S o m e y s f e e s a n�e n i e r f n g a n t h e P r o p e ry t o mahe t�r a l r s.ARhou gh Lender may take aG[on �{nd�this paregraph, � •
<br /> � �' 7.L�der does noi have to do sa • ` ` . . ,
<br /> . r - . -. . Any�smounts dtsbursed by Lender�mder pffiag�aph 7 shalf became ad�ttonal debt of Bortawer seatred by th(s Securfty •. .,: ._._.....
<br /> 7 . _'-.:.._ . ._�_.._..". Inshvm�t Unless Basrower and Lender a�ee tn other tams of paymert.these emounts sha0 he�i�erest trom tne date ot -- -. ----.•
<br /> `�^� . , • . d{sbmsem�tt at the Note�ate'end shBO be payabte.wflh tnterest.upon noUce from Let►der to 6orrower requestlng psymerd. �`.�:,,--�. .:. .:
<br /> . . - 8. Mot4gage Insuf�ftrdl. ff I.�d�requIred mortgage tnsuranee as s conddIon of c�king the Wan secured by this �.. ... :� ,
<br /> � SewrrSy InsbumenL BaROw�shall pay the premiums requfred to matntsin tfte mortgage insurance fn eftecL H,tar anyl resson,the <. .
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<br />_ •� ' ' mort�gs i�surar►ee coverage requtred by Lender lapses or ceases to be in effecf:Barrower shaD pay Use prertdums requtred to. � � � '';
<br /> � �{p t .., - . : a6�n eoverage substantlaIIy equhra(�t to the mortgage(nsur�ce previousty tn efted. ai a cost subst�ttaBy equivafQnt to the '..� . • .
<br /> ,' '.:., - • cost to Borrower oi fhe mortgage insarance prevtausiy tn effect.from �►ali�aie mortgage tnsur�approved by Lender. If .
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<br /> • , _ substentiaUy equNa[�t martgape(nsurance cov�age ts rtot svaHable.Borrovrer shell pay to L,en�er each month a sum eqa�to . .. .
<br /> ,��.�' _`.� �r.• " , ane�Yweiftn o!the yeatty�rort�ge irtsuranca prernium.6eing paid by Bormw�wfi�t he fnsurance covetage t a psed or`oessed to , �•:.'' ' �
<br /> . _'� � be In effad. lender wID accept�use ertd retafn these paym2nts es a[oss ceseve(n Qeu o1 mortgage tnsurence. Loss resave : • .
<br /> "�'� ; . . . paymertta may no Ionger 6g req�Tred,at the opticn of Lend�.fl mortgage insuranee eoverage(tn tha emount�td tor the p�tod � ,u �
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<br /> . that Lend�requires)provldQd 6y an Ins�uer eAPrwed by Lender egain becomes ava0abte end ts obta6ied. BarrQwer sha8 pay , *' .
<br /> ... . • the pr�ntums�equUed ta maintein mortgage tnsurance In ege�m to ptavfde a loss ceserve.urttU the�quirament tot moRgage . , ,, '
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<br /> r� •� --"—- .,-----:.. -.;. .- -- -- -- tnsurance-ends��-acoortance with�any��vriva�s�nent 6etweenBortawer�nd Lende[ot aRR4r�?►(e law._.....---- ---- -...---.----- ---- - - - r .
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<br /> � � 9. Inspeallon.Lender ar its agent may make reasonabte e�fes upon end tnspections of the ProPeriy. lender sha0 gtve , . • , ;'�t• -
<br /> � a: . � • .
<br /> � Borrower noUc9 at the time ot ar pdor to an lnspecflon spedtiing reasonabte cause tar the inspectlon. �,�. �;
<br /> • , 10. COnd9mn8t10n.The proceeds of eny award or datm tor damages.direct ar consequerdlat. in connectton wRA any -.���
<br /> . . condemnaSoN ar other taMng ot any psrt e1 the PropertY.or tor comreymtce in Ueu of eondemnatlon.ese het�eby assi�ed and i.
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<br /> . _,:.. ._:_ .. _ shaD ba patd to lender. ' -.
<br /> - . _ - -- ' -' -• ,, �-�
<br /> .. � ' � ' In tha evertt of a totel tetdng of the Prap�ty. the proceeds shaD 6e eppIIed to the suma secured by thts 3eraufty �4' s
<br /> . - fnstrument,whether or not then d ua w i t h any e�u�ss p a id to Bortower. In the evertt of a partial faking of tha R�operty in whIch ,
<br />� l�• ' ,' • . . , the fair maricet value of the Prop�ty Itnmediatdy before the taking fa equa!to'ar gr¢ater than the amourt ot tha sums seatred -�:
<br />_ • , . by thJa Seca�ity Inatrument fmmedtatey betore the taton� untess Borrower and Lender oth�wtsn a�ee in wrfYng, the sums . ',�-. � :�•
<br /> ��� �� sec�red by this Securfry Inslruument shaD be reduced by ihe amount ot the proceeds mutUpUed by the foRowing fracffon: (a)tha � -�- - .,
<br /> ` totat amouM of the sums secured trnme�ately b e f ore t ha�k fig,d h�i de d by(b)t he t a t r m fl r k e t v a f u e o f t h a P r a p e r l y i rt u n e d l a t e h/ 99.
<br /> � � � betore the ffiIdng.My balence shaD be pad to Borrower.(n the eveirt of a partfal ffiWng oi the PropeRy In whieA the Tair market '• �'
<br /> vatue ot the PropeRy(mmedlatdy 6eTore the taidng is lesa than the amount ot tha sums seeured immedtstely betore the taldng, • . '+n#!,�
<br /> ° . uniess Bortower end Lemier athenMse agree tn wrtttng or uniess appGcahle faw othem(se providee, the pmceeds at(a0 bo .�..,•
<br /> ��-
<br /> - ---- �-'---- �- ;-�-� appfled to the sums secured by this Searfty tnstrume�rt whether or not the sums ere then daa _. .. >_�± _
<br /> � , H tha Properry is ebandoned by 8atrower,or it,efter notIce by Lender tn Botrower that th� condenmor ofters to maka en i�, % ,;i
<br /> "�� • award or setUO e ciaim for damages. Borrower fails to respond to Lender wfthin 30 days after the date the noUcs is glven, '
<br /> Lender ta authorEced to coaect end appty the pmceeQs,at its optton, efther to restoraUon or repair of the Proaetry or to the . �'
<br /> �` , _. .. _ ... sums seatred by ffiis 3eeurity Instrument,whether or not then dua .. '.�'�;.
<br /> � .. Uniess Lender and Borrower othe�wise a�ee (n wrttlng, arry eppllcefton af proceeQs to pdndpat sheA nat eoQend or � � ��;,"�'
<br /> : ' pos�one the due date of the monthty payments referred to tn paragrapha 1 and 2 or change the amour►t ot such payments. .� ���.� '
<br /> � 1 i.Borrawer Not Re lease d; For bearance By l e n der M a t a W a t v e r.E x t e n s�o n o f t h a U►ne tor pa y ment or , � : ,
<br /> � • mod�caUon o1 amorttratlon of the sums secured by this Sewrily(nsCument g�anted by Lender to eny successor tn iMerest o1 � ,: -
<br /> � ' . � Borrowe�ahs0 not operata to rHease the 1labiliity af the odginal Borrower or Borrower's successora In Interest Lender shall not , �
<br /> . .,; :.. ._.:�. �_. .. . �- • �� , .,., ._ . �
<br /> . �" be requtred to commence proeeedings a�insl enY successor In Grtetest w refusa to exterrd Ume for paymant or atherwtse , ,
<br /> � .:s � � - � modAy emortbstton of the sums sewred by this Securtty tnstrument by reason of eny demand made by the odglnal Bortower or _ . ' �i; .,
<br /> . . Bormwer's successors in interest. My tocbearance by Lender(n exercising eny dght or remedy sha0 not ba a wah►er ot or �
<br /> � , predude tha ex�dse o1 any dght or remedy. . ��" . ±
<br /> . � ' ' � 12. Successore and A�igns Bound; Jotnt and Several Uability; Co-slgnera The covenanta ei►d , • ' �
<br /> � .� _ _ � agreements of this Seeurity Instrument ahall bTnd and benetit the successers and esst�s of Lender end 9ortawer.subJect to the � ,
<br /> • x � � ptavlsions of para�b 17. Borrower'a covenants and acgeements shall be joint and seaeral. My Bonmwer who cast�s this � : . . .
<br /> Seeurriy Instrument but daes not exeCUte the IVata: (a)is co-signing thto Security Instrument onty to mortgage,grant and conve}t y
<br /> � � � that BorrowePs tnterest In the Propertyt under the tem�,s o}this Security (nstrumenr (b)Is not personaQy obligated to pay the �
<br /> � � sums s8�red by this Securtty Instrumenk end(c) agrees that Lender and any other Bortower may a�ee to e�Rend,modily, _ '
<br /> ', ' forhear or make any accommodaUons witb regacd to the terms oi thls Security instrument or the Note wfNout that BoROwers � � , .
<br /> consent
<br /> � ,�� . � . 13. LO�t1 ChaTge9. if the (oan sewred by this Security Instrument ta subject to a law which aets maxtmum loan � � .
<br /> - : " = � chargea,and that law Is t6��(y brterpreted so that the Interest or ot�er toan chargea coVected or tn be coUected In connectton � ' �
<br /> ,:.�, � wfth the loan exceed tha permttted Qmita,then: (a)any such loan cherge sha0 be reduced tiy the amount necessary to reduce •
<br /> �• f , ttle charga to the pertn(tted MJt; and (b) any sems aUeady eoltecte0 irom Borruwer whtch exceeded perm(tted Omtts w�l be
<br /> refunded to Bormwer. Lertd�may choose to meke thts retund by reducing the principal owed under the Note or by meWng a
<br /> _ ��„ � dicect payment to Borrmver. {f a �eNnd reduces pttncipol� the reduc8on wtil ba treated es e partlal prepayment without any �
<br /> . � � ` prepqymern chsrge under the Hate. �
<br /> ���' . . � ' 14.NOt1C6s.Any notice to Borrower provlded tor in this 3eeuriry Instrument shall bo gAren by detivertng ti or by malling R
<br /> � by first dass matl untess apancabte law requirea use o1 another method. The noUce she�bA diraeted to tha Rroperty Address .
<br /> . � ' or any othet ad�asa Borrawer desi�ates by noUce to Lende►. My noUca to Lender shall be gNen by ftrst dass maU to � •
<br /> � ±• � . .� n+' Lender's address etated herein or any other ad�ess Lender designates by noUce to Bortower. My noUce prarlded!or in this �
<br />- - . . Secur�ry tnstrument ahaU 6e deemed to have been given to Bortower m Lender when fllven es proWded in thia paragraph. I .
<br /> � 15. GOVemi�g l�SW; SAVerabllity.TAts 8ecurity Instrument shatl be govemed by tederel law ond the law ot the • �
<br /> �� � . Jurlsdictlon tn which the Properiy is tocated. In the eveM that elry provfslon or ctause o}thto Security Insbument or the Note ,
<br /> ```= � � � confficts wM appV�abte taw,sucb conflict sha11 nat aftect other pravisions of thls Seuniry Instrument or the Noto whicA con be � .
<br /> •� - - ------�.-- given effec!wfthout the coniBcUng provls}on.To this end the provislons of this 8ecurfty InsWmenl anA the Noto are dectared to �
<br /> . � • be ssvetebie. '
<br /> 16.Borrawet'e�Opy.0errower shail be gtven one conformed copy ot tho Note and ot thts Securityt Inswment. � �
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