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<br /> Borrower may cure such e detault and retnstato. es provid�d in patagraPh 18, by caus:ng the acUo,� or proce2ding to be . �,��� :.
<br />.' .� ' dism�ssed with a ruling that.tn Lendai s good faith determ:neUon.prectude�icrieifure oi the Bortov+ei s interest in [he FropeAy or ��"` °i y �� '
<br /> ,;s, • olfier material unpalmient oi ttse len crcated Dy lhis Securrty Instrument or lenders security interest. Borrower shafl atso be N - , ,_'}___�__
<br /> defautt if Bavower.during I�e toan �pCwtion proeess. gava mater4:lSy fa►se o►inaceurate intortnaUan or statements to Lender(or '• • = }'y'�^°""
<br /> • "1 +af"_'Y qF _i AIQ-
<br /> fatfed to provid� �enQ3r r�ith ¢ny rr�aterlai inf¢rm�tiurt) m eonnecUon rrith tAe loan evidenced Cy the Note. mcluduig. out not � . � . _
<br /> tirtuted to. representatton� cancem:ng 8arrmrrcr's occupancy ot tho PropeRy as a p:tncigal residance. If this Secunty :% �'.. ;:.1_:���'.`-�f _
<br /> Instrument is o� a leasei�o:d, Borrower shail Compry w�th a[i the prcvisions o1 the iease. It Bartower acquUes tee Utte to the ' '^'�`"'°'�'
<br /> . y.'.��v.:r..:tr.,:,: —
<br /> � Froµerty.the teasehold aind tAe fee ti!!o shatl nat merge untess lcndcr agreas to the mHger�n vrriUag. � �'-
<br /> n .��i-r�-�+k?���:--�':
<br /> 7. Preteetton of Lflnder's Rlghts le the Property. It eorrower faits to pertorm the covenants and agrezments -"',-:s,.s,.,�,�,..;
<br /> � corrta�rted v+ thts Secunry Insburt:ent. or tRere is a tegal preceedng thai may sigriifrclntly aftect Len�er's nghts in the Property - . '-; ="•.''.'•'"°-�'t
<br /> (such as a proceeding in DankruAtey. protrate. tor condemroation or torteiture or to emforce lav�s or regutauons).then Lender may ' '"`'�""'"'-�'`-"'�'-"=
<br /> � do and pay tor vst�ate�rer �s rteeessary to protect the vatue of the Property and Lender's rfghls m the Property- Lender s aciions � _
<br /> may m�ude paying any sums seeured by a 4en vfi�ch has pnortry over this Securiiy Instrument, appeanng m court. pa}nng � _. . _
<br />--r,''. reasonaEte attnmeys tees and entennq on tha PropeRy to make repavs. Althaugh Lender may talce acLon under th�s paragraph - - - _
<br /> 7. Lender dues not haYe to do so. • �
<br /> ' Ariy amounts dis�ursed by Lender under paragraph 7 sha9 become add�.ionaf de5t of Borruwet secured by this Sscunry .� . ,�.= .�,
<br /> Instrumeni Unless 8orrarrer and Lender agfee to other terms of paymr�t. these amounts sAa?I bear interest trom the date at � `r._ `.._y�y:^��.- ,.
<br /> d�shursement at the Note rate and s�aU be payafole.with interesi.upon noUce from Lender to Bocro�ver requesting payment � •
<br /> g. MOTtg�ge �itsulelte@. If Lender reqaied mortgage insurance as a aandrtion ot makfng the►oan secured by th:s -.:, ��a��rt �
<br /> Securily Instrume:+t.Barrower shall pay the Qrem:ums required to malntam the mortgage inaurance in eftec4.It.for any reason,ths � : yaf ..
<br /> ��:. martgage msuranae coverage requ'.red by I,ender fayse;or ceases to De In eftect Barro►ver shall pay the prer.iInms requUed to � .-�;,-��-:_-_�—_ •
<br /> �• o4•.ain coverage substantiaY"y equivalQnt to the mortgage insurance previausty in efted. at a cost substarrti2Ly equivalent to the �. , _
<br /> cost to Borrower ot the mortgage insurance prevlousty in eftect trom an 2ltemate mortgage tnsurer approved by Lender. ►f ---- ,.�� .,- .-.�.
<br /> substanliaHy equivalent moRgaga insurance coverags is not avaiab'.a. Borrower sha9 pay to Lender eac1� month a sum eq�:at to ..-i- _ ___
<br /> � on�AVetfth of the yearty moRgage insurance prem%um 6eing pald by Borto�ver whan the insurance coverage lapsed or ceased to �,:.-,��.:�T
<br /> ., be in effeci Lender v��f accept,uso end ►etaui these payments as a toss resene in Geu of mortgage insurar:Ce- Loss reserve �� �
<br /> �=�.
<br /> � payments may no tonger be required,at the opUon ot Lendec if rtartgage insurance wverage(n the amounl and tor the pedod ��=--
<br /> ' that Lender requires}pcovlded by an insurer approred by LendeJ again becomes avaia6le and is obteined Bocmwer shall pzy �_-•-°s-�r-~ _.
<br /> < , tha premiums tequlred to mainta(n mortgage insurance in efPect. or to provide a loss resenro.urrtil the requtrement for mart�tg� _ - '
<br /> ''„r, � -�-:�.�-,.
<br />;.'���:.: insurartce ends ut accordance with any written agreament berivee.�8ome��ver and Lender or app6cabte law. -�Y���+L_..=--��
<br /> ��� . 9.taspec9lon. L�der or F[s agent may mafce reasonabte entries upon and inspections ot ffie Praperty. lender shaA gi�rs ��s =
<br /> Borro4rrer notice af Ure tfine of or pdor to an inspection specityAng reasonabte cause for the inspection. r�""� ,
<br /> 10. �ondamaxHon.l'he proceeds of any award or daim for �mages. direct or cnnsequentiaR in connecdon�vith ar,p !���.:,:,__..
<br /> ,! con@etnnation or oihes Cafdng oi any part o1 the Properly. or for conveyance In lieu of condemnatian. are hereby assi�ed anQ � ,_ -c
<br /> ---``; shall ha�af�to Lend�. � -'F'-�� :"�-�;
<br />''"y"`�°• fR the everrt ot a totr! taking of the F'roperty, the procezsis shal be appt'sed to the sums secured hy this Sece�riCf �: '
<br /> :.�'�� � Instrutrtr�t,whether or not then due,with any exc�ess paf6 to Borrower. ln the event of a partial tafcing ot tAe PropeRy m�vise.h
<br /> ;���,';. the fair market value ot the Properiy immediatety befare the taking is equal to or greater than the amount of the sums sea:rsrJ, ��
<br /> u�`� by this Securily InstrumeM{mmedatety before t�e taking, unl�s Borrower and Lender otherwise agrea in wriflng. tAe sur.rrt�
<br />--���?•' secured by thts Seeuriry Instrument shaU be redueed by the amnurrt ot the proceeds mulUpBed by the following fraciion: (ay thu
<br /> ��� � tota!amount o1 the sums secured immediatety before the taking,divirlEd by @)the fa'u market value of the Ptoperty imme�'iat�ll
<br /> � betore the taldng.My balance shall be pafd to Borrower.In tha evc�t ot a partial fakfng of the Property In which the talr rr��'riea �: -
<br /> ` vatue o4 the Praperly itnmediatety betore the taldng is less than the amount of the sums secured immed�ntN}I 6dore the tefa►s4,�
<br /> unless Bortower and Lender othemise a�ee in writing or unless appGcaQle taw othenvise provtdes, the pra�ds shaD ba. _ -
<br /> appSied to the sums secured by thfs Securtty Instrum�t whether ar not tha surrr��re U►en due. ,� �:
<br /> � It the Praperty ts abandoned 6y Borrower,or if. after noUce Ir� Lender to Sorrower thal the cortdemnor oYers m ma;rr�en��
<br /> ' ' award ot settle e clalm tor damages. Borrower fa�7s to respand to Lender �,ftfiin 30 days after the date the notice(s �ur�:, _
<br /> Lender is au!horized to coQect and appty the proceeds,at tts option, either to restoration or repatr oi the Property or So tht, .
<br /> �
<br /> . sums secured by thls Security Instrument,v�hether or not then due. � .•-==--
<br /> _ � UNess Lender crrtl Borrower otherwlse agree in writing, any app6caftotr ef prviceeds to pdnclpal shsU not ex�stcl�or � �„_._ _
<br /> � postpone the due dai� ot ihe monthry payments reterred to in paragraphs 1 and 2 or change the amauM of such payrew.rtts. �r :.-=�=,°°;_-
<br /> :. 11. Borrow¢tr �!o! Released; Forbear'anco By Lendet No3 a Watver.Excenston ot the tlme for paqn�r:rtA,at ��= �• ..
<br /> modifiaitan of amartizatlon o!the sums secured by thls Secudry Instrument granted by Lender to any successor in inta'�t isR
<br /> ' Borsower shall not c�:�te to retease the liabiliry ot the origlnal Barrower or 8orrowefs successors in(nterest. Lender st.��l inot - --_
<br /> � be required to catt�nsrd[:i:e proceedings egainst any successar In interest or nefuse to e�dend Ume tor payment or aitftrHise ��T;:_.-�_
<br /> .. madity amottlp¢ttnn cf.iiuc oums secured by thls Securiry Instrumertt by reason of_aap damand made by the ari5fnnal Boanrtn�a or . �;.;,;
<br /> • Borrower s succESSraraE �a interest Any forbearance by Lend�(� exerdsing any �ight or rr3r.edy shaU not be a wa!va:.ol or __ .: ' . "� _
<br /> . � prec9lde the exerds�ci any rlght or remedy. � . ���'f���•` ...
<br /> �-�•,-�n:.� �- �
<br />� � T`�. Succe�sors and As�igns Bound; Jolnt aua�dl 'Sevoral Liablltty; Ccs�sl9nerp.Tho covaRa�rnr�and -�""�`- ''� `�° �`
<br /> agreemeiris nf thts Security Ins6ument shaU b(nd end benefit the•slacessars and asstgns of lender and Borrower,su2rjt.ct ta the ; _
<br /> `_ provislons oi pata��t{y�^17. Bcrrawer's covenants and a reements sfial be Jolnt and several. An BoRaNer who cost t�this ��-=� .-
<br /> Security►nstcumertf Cwi. Qoes not execute the Not� a)Isgco-slgn'ng thls Secud Instrument on to mort fl ey �� �s"°
<br /> ( tY �Y 9aB� S�+f er,tl�COnv �,,.,..•.
<br /> � that Borrowers Inte:�st In the P►operty under the terms oi this Secudry InsUument: (b) Is noi persortalty obGget�!ta�pGy ihe
<br /> • sums secured by thts Secur;ty Instrument; and(c)agrees It�� Cendar and any other Borrower may egree to ex[atel, madiFy. �'°'�i`'""'',__
<br /> � ' torhear or make any accomnr.��:r_e*, with regard to the terms u this Sacurity Instrument or tt�:Note without th9.0 Rpmsv�u's ;,�,.ti+*+=•-
<br /> ., consent. �..` � `�"-
<br /> 13. LOeQ C{t3t'Sos. II the loan securec�I:� thts Secudty Insbument is subject to a !aw vrhlch ac� m�dr.um loan �, � `_-`�'''�'
<br /> charges, end that Ixrv �fln�lry Interyreted so th�i 13�e fnterest o� other loan charges collected or to be cashs.irJ!in ccnnecUon ' """3'�'`"'
<br /> �.,� ..; .
<br /> hfth the loan exce:-d eye pertnir.e�i?mits, then: (a) any such 1cr�, charge shaD be reduced by the amo�Tt rsc-cessan�•to reduce .;r'' _
<br /> the charzs to thQ permitted 6.•nH: and (b) any s�ms already aatcc�ted from Borrower vrhlch er�eeded FerssitDC,i Iinttc ti�iL'be ,4�.,,�, . .:.-.
<br /> � refun�i*d ta Bo:roues. Lender may rJ.;oose to make thls refunrY h�f �edudng the pdnclpal ouurt usCer tha No2o ar b7�m�'dc�:a ry:,.
<br /> direcl paymen! to f•:c�:owec It a retund reduces pdnclpal, Us�: nCuctlon will he Veated as a partlal pre;,eyrtrmS v+lthaut ar �``�'� `
<br /> prepayment chatge w��ier the NoLe. � ���+��--�
<br /> . 14. NOttCt�: li�vr noUce to Bortower pro��fded tot i�thla rc.curity Insinimcr,s sha0 be glven by delhraKag ii ar by���3 tt � "°�-�
<br /> by first etass mail cchESS app!icabfe law requires use of Lnother r,�ethod. Tne roUce shall be dlrected to th0 Peupatiy AdrLt!:� `' •,'���`'�i.�
<br /> n ..
<br /> or any other address Bortower dr�lgnates by notiee to Lec�. My noUce to Lender shall be given by fi�c� �:luss n;vP to ��
<br /> � Lender s address stated herein or any other address Lender designates by natlee to Borrow•�r: My notice prwide*_d tor in this � �
<br /> ����:
<br /> Security Instrum:nt shaU be deemed to have been given to Bortower or Lender when given as Frovlded In thia par.�;rdph. ��".�
<br /> .'�+ ... „ . �.:,
<br /> � 15. �ovemfng Law; Severability. This Securiry Instrument shall be govemed by tederal law arsti tha law of the .-s,.��'�.;��
<br /> �- judsdictlon in whlch the Property is located. In the event that any provision or clause o1 1hls Securiry �nstrunRrtt or the Note � '
<br /> ��T���~�',-
<br /> confliets with applicabte law. such conilict shall not aNecl other provisions of this Security Instrument or tho No'�±�•which can be �ti�;�,��,,
<br /> given efted without the conflicting prowsion. To this end the provisions of thls Securiry InsUumenl and the No'ce�are declared to s. .�wM�l�•. __..
<br /> be severeblR. . .; . �
<br /> r'�,��.,r�r....-.,...
<br /> � � 16. BO�fOwAr'S COpy. Bcrtower shall 6e given one conformed copy ot the Note and of this Securihf Inatrument. .r, -• -,Ytt,F�.-�•�._�
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