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<br /> j ' BorrowK m�y cun such +� ciolault and reinstat�. as provldKJ In panpraph 18. by aus{nq ih� aclio� or procwdiny ta b�
<br /> � I dismisf�d w�1h �rulin9 l�wl,In Landor's yood lalth determinatbn. precludes 1o�1«lun at Ih�Barrowai c Int�test In lh� Propfi9y or
<br />� oth�r mator4l fmpalrmanl ot lhe li�n aQ�t�d by thls S�auity Instrum�nt w L�ndor's srcunry �ntxeyl. Burroww shall also be n
<br /> � dofsuN M B��T�wer.during th� ban spplic�tion process.grvn m�t.�i�t�y t31FO or Inaccurate ir+lortnatton a�etsteme++ts to l«+clw(a __
<br /> taYed to provide lender wilh �ny nwt�riil inlortnatbn) i� conn�ction wllh the loan evldancwd by th� Not�. nGudinQ, fwl nat _
<br />,� � lintit�d to. �presur�taUons conc�rnlny 8orrowrs occupancy ol the Prpp�rly rs w principa� raldwsc�. If ttu� Secunry �
<br /> ; � Instnimant Is on � Ia�s�Aold. Borrow�r ihsU comply wilh all U�e prorlsbns of th• kass It BorrowK acquk�s I�s W1Y t� lhe _
<br /> � Prpparty. Ihe le�sehotd�nd the lee 1i11e shaU not merge unless 4endar wyrees tc tha m�r4er Mi wiitrig. -
<br /> : � 7. Protactlon of La�dar's Riph4s In the P�op�rty. u B«row�r tar� fo pe�iom►th�cov�nants ind�greNn�nts
<br /> , conulnad in lhls Secunty Instrumenl, or Ihero Is a tayal proceoda�p that may s�yniTiunty �Hecl Lendef s rights ir� lhw R'opwty �► '
<br /> : i (such as a proceedinp h b�.�tcruptcy. p�obata. tor condenwwlbn a 1oReitura or to MtorCa laws or ra9ulallons). then Lander may C `
<br /> � do and pay tar whatwet Is nacessary to protact th�valuQ ot the Propsrty and lsnd�r 9 ri9hts in tho PropKty. Lendei s�ct�ons �
<br /> � may Includ� paylny anY sums s�curad by a lien wh�h has pnotiry avor ints �cu�ty Instrument. apP�rin9 K� cuwl. Fwyu�y �,/�
<br /> ressonable attomoys' tees and entenng on the Propwty to m�ko rpaira•IUtlouph Lwider may take aclion unda lh{s para�raah y
<br /> 7,Undw doas nol have to da so. '"�
<br />, Any amounts dlsbursed hy Lander under paragraph 7 shaU bacwn�odd�Uona! dabt ot Borrower secured by th�s Security _
<br /> Instrument. Unkss Bwrowar and Lender agree to other tertns ot payment. these amounts shaU bear interest from Ihe data o1
<br /> disbursanent at the Note rate and s�alt be paysble,with interost,upon npUce kom Lender to Borrower request)ny payment. -
<br /> � B. 11AOrtq�e In�urau�co. 11 Lender roqukad rtwrtg�ge Insurance as � condition o} makl�g the laan secured by thls
<br /> Security InsUument, Bortower shall pa,y tha premlums required to maintain ths matyage Insurance in ofl�ct. If, (or any reaso�,lhe
<br /> mwtgaye insurance coverage roquired by Lend� lapses or ceases to 6e In ettect. Bortower shall pay the premlums requlred !o _
<br /> obtain coverage substantlaly equlvatent to the mortgaye i�surance prevlously In eHecL at � cost substanti�lly equ�•yle�t to th8 =
<br /> cost to Borrower ot the mortgafle (nsurance prevlously in ef(ect, from an aRanate mortpage tnsurer approved by Lender. I1
<br /> substantially equivatent mortgage Insurance coverage Is not �vailable, Borrower shaU pay to lender each manth a sum eqwl to
<br />'� onetwelfth of lhe yeariy mortgage insurance premtum beinp pald by Bortower when the i�surance covorage lapsed or c.�ased to
<br /> be in eHecl. Lend�wiA accept. use and retatn those payments es a loss reserve in lieu o1 mwtgage insur�nce. Loss reserve
<br /> paymants may no lar,yer be requked, �t the optlo� 01 Lender, if mortgage Insurance caverage (n the amount and tor the peHod
<br /> that Lender requires�provided by an insurer a��s�ved by Ltnder agafn becomes avzilabJe and is obtained. Borroww sha7 pay
<br /> t�e p,'+e.�ums requie� ta maintain moR9a9e insuTance i^ eflect, or to provlde a bsa reserve, until the requc+e+�u tor mortaape
<br /> ins;;;:�ce mds in accordance NiA any wririen agreement behveen 8orrower and Le�der or applicable law.
<br /> ,� 7. iiiaFr�iiiiw7. L��de: o:�s:yuit r.iay rru�e rr.3�anzble enMes upon an�i inspectlons ot the Prooertv. Lendar sh«9i�e
<br />..,' 8orrvNer notice at the time of or prior to an ins,zecUon speciying reasonable cause for the insw.ection.
<br /> 10. Cond�maation. The proceeds et any award or cta(m tor damages, dkect or conseq�ential. in cs�nection w�ti any
<br /> — condetrutaUon or otl�er takiny ot any part ot the Property. a for conveyance in Geu of condemnatian. 7ue hx�y assignc.'d a+►d
<br /> '� shaY be pild to La�der.
<br /> In the event of � total taking o1 the Properly, the proceeds shaU be appGed to che sums securad Dy this Secuity
<br /> — Instrument,whether w not then due,with ony ezcess paid to Borrowet. In the evenl 01 a partial takk�g of the Property In whkh
<br /> the fak mtrket vslua of the Property immadlately betore tha Wcing ls equal to w yreater than the amount o1 the sums securad
<br /> _� by this Security Instrument inxnediatety be!we the Uking, unless Bortowec and Lender othervvlse agree in writing, the surt►s
<br />_� secured by thls Security Instrumxit shall be reduced by the amounl ot lhe proceads mutdplled by tha toUowing fracUo�: (a)tha
<br /> --- total amount ot ths sums socured 'wm�odiately before the takiny, divlded by (b)the fair market vatue of the Proparty irtwrwdiataly
<br /> ibMar�tha takktiy.My balutics shall b�pafd to Borrowar. M the event ot a parlia�taking ot tha Property in whlch the falr marlcW
<br /> � vdu� ot th� Property km'Nd1aWy b�fo►e th�t�Wnq Is less tt�n ths Rmount o1 th� wms s�cured imm�diat�ty betore tha taklny.
<br /> .- untas 8orrowK �nrl L�ndM othMwlse �yrM in wriUny or unl�sa appWcsbN Iaw othxwlsa provid�s. tha procteds shaY bs
<br /> �pYrd to th�wms s�cur�d by 1hls Securiry In�trunMnt whNhar or nat the sums w th�n due.
<br /> � H th�P►op�ty is�b�ndon�d by Borrowar.or d,aftar notiee by Lendar to 9ortower that th� cond�rrw►a o7lws to mak�an
<br /> QWi�O W i�lW � CtYII tW WrtR'�s. ourtJww i«i i'v i:'yw:.v :C �..w"�..� •.„.1.M a1 ei�w �Nr fhw eiwlw thw RAlio� 4t dYffl.
<br /> Lr►d�r k wtho�iz�d to coY�ct and appy th�proc.Mda. at ns opilon. �ithK to ratoalion w r�ir oi the PropaRy or to 11w
<br /> sums s�cw�d by this S�curity Mstrument, whMher w not tha► due.
<br /> UnNas Lendr and Bortowa othrwlso ayree In writin�. �ny appYcatlon of proceeds to princlpal ahall not axtand or
<br /> — po,tpona the du�dat�ot the monthty payments referred to In paraflraphs 1 and 2 or chaaye the smount of such�sayments.
<br /> 11. Barow�r Not R�leasod; Forbauanco By Londer Not a Waiv�r. Ex�ension a the s�ne tor paymem w
<br /> modiflcatlon of art�ortization of the wms secured by this Securityr Instrum�nt grtnted by Lender to any succeasor in intarest of
<br /> = Borrower ahall not op�raU to release the liabiliry ot tha original Bortower or Borrowor's successors (n intxest. Lender shaY not
<br /> be requk�d to commmce proc�edin9s agakist any successor in Intarest or retuse to extand tlrna fw payment or otherwise
<br /> mod'dy amortiuUon of the sums secured by thk Securiry InsWment by raeson ot sny dmwnd made by the original Bortower or
<br /> Bortoww's successors In interest. Aiiy forbs�ranCe by Lender in exarClsiny any right or remady shall noi ba a waivr oi or
<br /> predude the exerGse ot any right or remedy.
<br /> 12. Succasaors ar�d Assi�ns Bound; Jo1nt and Sevo�al Llabllity; Co-si�nors. The caverw�ts ana
<br />= agrsements o1 this Security Ir�sVuma�t sha11 bind and benefil the successors and assigns of Lender and Si,�ia.va. wbj�to the
<br /> = provkions of puagrnph 17. Bortower's covenants and agrcernents shall be Joint and several. Any Barower wha co-slgns thls
<br /> -- Seauiry Mstrument but doss not execuk the Note: (a) is casiyn(ng this Security MsUumant only to mort9aqe, ytar►t and conveyr
<br />�� that Bortower's interesi in the Property under the terms of this Securiry Instnimen� (b) is r�ot personan� obugated to pay the
<br />=� sums secured by this Security InsVument: and (c) ayrees that Lender and any other Bortower may agree to extend, modiy.
<br />� torbear or make ar►y accommodaUons witN regard to the terms of this Secwiry Instrument w the Note without that Borrowers
<br /> �� consent.
<br />� 13. LOan Char�9S. I1 the lou� seaued by this Security Instrument ls subJect to a 4aw whkh sets maxinwim toan
<br /> � chuyes, and that I�w is finaYy(nterpreted so th�t the interat w other loan charges coYected or to be coYecfed in connectio�
<br /> wdh the loan oxceed the permitted limits, then: (a)�ny such loan chuge shaY be reduced by the amount necess�ry to reduce
<br /> � the charge to the permitted limit: and (b)any sums alre�dy collected from Borrower whlch axceeded permitted limits will be
<br /> retur►ded to Barrower. lender may chooso to m�lce this relund by reduclny the principal owod under the Note a by iruikir►9 a
<br /> direct payment to Borrower. If a refund reduces prineip�l, the reducUon wiU be Veated as a partial prepaymw►t wittwut any
<br />;• prepaymmt chsrge under the Note.
<br /> -' 14.NotiCYS.Any notice to Borrower Drovided for in this Sewrity Instrurtwnt shaii bo givcn by ddivering it or by m�Wny it
<br /> � by fast cJass m�il untsss applicabb law requirss use of another method. T'he notice shaY be diracied to tho Propwty Address
<br /> or any other address Borrower deslgnates by notl� to Lender. My notice to Lender shall be given by first class mai! to
<br /> ,�,' I,ender's address stated hereln or any other address Lenda deslgnates by nolice to Borrower. Any notice provided for in thls
<br /> c Security Instrume�t shaA be deemed to have been given to Bortower or Lender when given as provldetf in thls paragrsph.
<br /> .� 15. Goveming Law; Saverability. Thts Security tnsuum�v,t shaY be govemed by federal law and the taw ot the
<br /> jurisdiction in whlch the P►opeAy Is located. In the event that any provision or clause of this Security Mstrumeni or the Nate
<br /> ' confllcts with applicable law, such conflict shal! not affect other provisions ot this Security Instrurt�t or lhe Note whkh can be
<br /> given effect wiihout the conflicting provision.To this end the provisions o1 this Securily Instrument and the Nofe are declared to
<br /> be severabte.
<br />� 16.Borrowor's Copy. Bortower sh�!1 be given one �onformed copy of the Note and oi this Securityr Instnunent.
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<br /> I Ft3'5.lM�i:.fi� P..ge 3 0}5
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<br /> � 96070
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