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<br /> ' 8orcovrer may �ure such a detault ar�d r�vnstate as proviaed m paregraph 18. by causmg the action ar proceeding to be _
<br /> � f � dism�ssed wdh a ruhng that m Lender s good iaRh determmadon precludes lorfeiture ot the Borrawer s:atcres!m Ihe�aperty or - - -.. __ W_
<br /> , other mateital imp�irment o1 the h�n created by Ih�s Secun:y Instr�ment or Lender's secuatV �nterasl Boaower shali also be m , _
<br /> dotaul�� Bonower dun�g the ioan nppliwtron procc�s gave matenalM false or �nacwrate�rttormation or statements to Lender (or �.1� L '�
<br /> � �� Iafind lo pr6v,do L_nder vath any matart3� mtorm�honl m connecUon r�dh lhe loan eridenced 4y Ihe Nete rnGUding. Gut not ;;�;-,
<br /> f�
<br /> ' 6msted t� repre,entatwns coneermng Bortotivers occupancy o� the Property a� a pnrc�pal residence I1 this Seeunty .
<br /> � ' ( Instt�menS is an a Icasehofd. Borrower shall campry .nth all ti�e provisions o1 lhe lease �� Bortower acquUes fee 011e to the N �. ` "
<br /> � � 1 Properry the�ea�ehoid and the tco hllc �hall r,at merqe uNess LenQ 11 8onower `fad5 to pertoMrtn tt�e covenants and agreements � � '� �"
<br /> J 7. °ca;o..!!oa a! !snder's Aimhts In the Property. ��:_-_._ =���--
<br /> � l contwned m this Secunty �nsrivment or there is a legal proceedmg that may s�gnificanlly eHect Lender s ngMs :n the Property f ,
<br /> (such as a p�oceedng in b3nkruDt�Y. Probate. lor condemnaUOn or foAe�ture or to entorce�am or regwat�orts►. then Lender may
<br /> i
<br />_ �� do and pay for wh3tever is necessary to prntecl the va�ue o1 the Properly and Lend2r's nghts m the Property. Lender's aCuons ; ..
<br /> may inctude payfng any sums secured by a iien wh!ch has pnorrty over th�s Secunty InsVUment. appeanng m couA. pay�ng
<br />- ' reasonable attomeys' tees and entertng on ihe Property ro make repairs Atthough Lender may take act�on under th�s paragraph
<br />. �`i 7. lender does not have to do so �`- ., -• -
<br /> � pny amounts dfsbursed by Lender under paragraph 7 shail become additional debt of Bortower secured by this Secunty i .
<br /> Untess Bortower and Lender agree to other terms of payment. these amounts shalt bear interest from the date oi ` �,` � � _
<br /> i InstrumenL �� .
<br /> � disbursement at th8 NotB rate and shail be payable.wrth interest, upon notice from Lender to Borrower requesting payment. � _ "�,�-
<br /> ; � 8. Martgage (QSUPdRCe. ff Lender required moRgage insurance as a condiUon of making the loan sewred by this �,,_::}�� -
<br /> j Security Instrument.8orrower sfiall pay the premiums required to ma�ntain the mort a e insurance in eflect 11.tor any reason.tha -: � �- ".i;-
<br /> 9 9 •-c�+'�=*�,.�;_
<br /> mortgage insurance coverage required by Lender Iapses or ceases to be in eftect. Borrower shall pay the premiums required to __:,,F r 4;�
<br /> r atitan coverage substantlally equivale�t to the mortgage msurance previously in effect at a cost substantially equivalent to the _v���+•
<br /> cost to Borrower of the mortgage insurance previousy m effett. fram an �itemate mortpge msurer approved by Lender. If -z=;,r��___
<br /> . :;,H�f'��,-�;_5._
<br /> substanUalt}t equrvalent moRgige insurance caverage is not availabie. Bortower shall pay to Lender each month a sum equa!to ____
<br /> s . .
<br /> onenretfth of ths ye�fy mortoage inwrance premium being pa�d by Bortower when the insurance coverage lapsed or ceased to :'`k��—�,��-
<br /> � be in efted. Lender wiil accept. use and retan these payments as a loss reserve in iieu of moRgage insurance. Loss reserve -�:;
<br /> � . payments may no longer be required. at the opUan ot Lender. d mortgage insurance coverage (n the amount and for the period :��'�*� --e -�s
<br /> ,Y that Lender requiresj provided by an insurer approved by Lender again becomes avaitabte and�s obtained. BoROwer shalt pay ! _� �,•„r:u ar�•
<br /> - tAe premmms required to maintain mortgage insumnce in eifect. ar to provfde a Ioss reserve, unLl the requ'vement tar mortgage � r
<br /> i�sutance ends in accordance wQh any written agreement between Bortowei and Lender or applica6le law. ;-,�; �'�`:�_.•_ •�
<br /> 9. Inspectton. Lender or Rs agent may make reasonaksle entnes up�n and mspecUons of the Property Lender sfiail give _�_,�;r�w�°i
<br /> ` Bortower notice at the Ume of or prior to an inspecUon specrtymg reasonable cause for the mspection. — . '�:_,_.
<br /> " 10. Condamnation.The proceeds of any award or claim tor damages. direct or wnsequential, m connection with any -:�f _
<br /> condemnaUOn or other taldng of any part of the Property. or tor cooveyance m lieu of wndemnaUan. are hereby assigned and . _ ,_ ..
<br /> '� shall be paid to Lender. �`�
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<br /> w�...�Y_ - -
<br /> ' �`•- � In the event oi a total taldng of the Property, the proceeds shall ba appiied to the sums secured by this Security =a�;�, �:�" s
<br /> - � InsWment whether or not then due. wfth any excess paid to BoROwer. In the event ot a partial talcing ari the ihopertY in "rh�ch '
<br /> :f.. _
<br /> �:zY � the fair market value of the Property immedtatety before the taking is equal to or greater than the amount of the sums secured �,��-� " ',�'�i`.jt„�_-__
<br /> �. by this Security Instrument immed�ately betore the taldng. unless 6ortower and Lender otherwise agree (n writing, the sums __ _� �;�s{`__
<br /> �ecured by this Security ;rtsh�ment shall be reduced by the amount of the proceeds multiplied by the tollow(ng fracNan: (a)the
<br /> totel amount of the sum���s:��d Immediately betore the raking,drvided Ly (b)the t-ws market value of the PropeKy immediatety �-;'' ;
<br /> before the tetdng.Any b�te,� shall be pald to Borravler. Vn the everrt ct a partial�:r3 of the Property In which the talr market . .
<br /> • �:.'• value of the Property immediatety betore the taking is less than the�:...ur.; �t thz sums secured immedintely betore the taMng. 1�;.; ��
<br /> �' �t un!ess Bortrrner and Lender othe�wlse agree in writing or unless _{;pN�la la'a otherwise provides. the proceeds shall be ; :{1��: �_.
<br /> ; ., `!'_i�'�-.:3. ',
<br /> � appGed to tAe sums secured by this Securrty InsUument�bFether or nct:?:�sums are then due. �
<br /> It the Properiy is abandoned by Borrower, or it. a±�e-notice by Lender to Bonc��•a•that the condemnor oKa�s'o make an
<br /> � �. ..
<br /> -•- award or settie a claim tar damages. Borrower fa�s to respond to lender within 3:r r�ls after the date the rcrcr.» is giveo. � _4� �
<br /> ;.-� lender is authodzed tn collect and ap�ly the proceeds. at ils option. either to restor�::x+• ;-s repair ot the Rra�er:y or to the '�� '. _
<br />; '. '`..;� sums secured by thls Secudty Mstrumer►i.�vhether or not then due , �?
<br /> Unfess Lender and Borrower othervvise agre2 in wrftlng, any appf:cation of proceeds ta Frrrr:�al shall not extend or _ _ �_,n'��•�,�"'�'
<br /> postpone tha due date oi the monthy payments reteRet t:o in paragraphs 7 and 2 or change the trr.Lunt of such payments. - ` �''���,;sFµ.:
<br /> 11.Borrower Nat Released: Forbearae��B Lender Nat a Waiver.Extenslon of the Ume ta payment or �;�i;;. :....,�;.,_ �
<br /> v �� .. .�;, ..�
<br /> � modiflcaUon o1 amortizatio�ef the sums secured by ths '..=ecurity Instrument granted by Lender ta any successor in interest ot !%;.: �.:.-.,.�.- __
<br /> ' Bortov�er stall not operate to release the Iiability of the cr.ginal Borrower or Borrower's successors In interest. Lender shall not : ��__
<br /> y:'�,ctl be requlra4 t� commence proceedfigs agafnst any successar in mt�est or refuse to extend time tor payment or othenNlse •.,,:•.
<br /> •��.:r��_�:�� ` �,�:
<br /> ,.,fl,�,;,a, modity aiscr',�.a13on of the sums secured by this Security Instrument Dy reason o1 any demand made by the orlginal Botrower or S ,;_�
<br /> � �r��'..� Bortowers successors in interest. My lorbearance h� Cender in exercising any dght or remedy sha0 not be a walver ot or
<br /> ,� preGude the exercise of any rtght or remedy.
<br /> ,' 12. Sueeessors a�d Assigns Bound: J.�stu�t and Several Uabitity; Co-signers.The ccvenants and _
<br /> �'���°�r'� agreements of thls Securiry t�strument shall bind and he-e�t the successors antl assigns o1 Lender and Bortower.subject to the
<br /> �7�h� �:_ —
<br /> �.,�{r��1r'j provistons o1 paragraph 17. Borrower's cc��enanu a-:3 agreements :rsll be joint end several. M 8onower who co-si ns tt�ls rtE'`�e '
<br /> y S e,:m.��
<br /> ;,r,:;<,.ri.,,::
<br /> '� �r��� Security Instrument but does not execur.e�i:e tiote: ia) �s co-sir,nirtn�`r.�s Securiry Insbument anly to r.xsAgage,grant and convey �,t,.,>�,.
<br /> ,<c�. • .
<br /> that Bortower's interest �r ihe Property under the term.=_ c± this 8c-c.r,ty Instrument: (b) is not personaltyr obfig2ted to pay the �,
<br /> sums secured by this Su�vity Instrument: and (c) ,�giP�s thai Ler.der and any other 8ortower may a�ee to extend. modAy. �; #,�` �
<br /> torbear or make any aocccnmodatlons with regard to tl�e terms at sT s 3ecurity Instrument or the Note without that Borrower's _-_ ,.;� �_ `
<br /> . .- :.-P�,a^,,��-or_
<br /> wnsent. �jK. _
<br /> 13. �oan Cha�ges. If the loan secured by this Securrty tasWment is subject to a law whlch sets maxlmum loan , ,,. ,+.�..__
<br /> O ��
<br /> •' charges. and that law is finally interyreted so that the mterest or other loan charges collected or to be co!lected In connecUon
<br /> � ' �'� : with the loan exceed the permft[ed ttmits.then: (a) %.ny such loan charge shall be reduced by the amount necessary to reduce �.•'�� ,,��� _
<br /> .4,.. —
<br /> tho charge to the permltted IimR: and (D) any sums already collected irom Bortower which exceeded permitted limits will be �.;:q •.,4:.�,•-,
<br /> �f;�,,. refunded to 8onower. Lender may choose to make this relund by reducing the principal owed under tha Note or by making a ��k_ . .-
<br /> .'�'s.
<br /> _ � �rect payment to Bortower. 11 a retund reduces pnnupal. the reduction will be Veated as a parti:l prepayment without any ;..�,^;,A ,..,:
<br /> - . ; prepayment chargo under the Note. Y ~�r�;
<br /> ��.:-l.;�.:.r -
<br /> . 14. Nmtiees.�y notice to 8ortower provlded tm m thfs Secunry Instrume�t shall be glven by delivering R or by mailing R ;,,���•: �.,:
<br /> , � � by first Gass mail unless epp�icable law requires use o1 another method. The notice shall be directed to the Property Address t:,. �: • .
<br /> , ' or any othe► address Borrov�et deslgnates by notice to Le�der. Any notice to Lender shall be glven by fust ciass mail to ..,� � E-�.
<br /> Lender's address stated hereln or any other address Lender designates by notice to Bonower. My noUce pravided tor in this . __
<br /> � Security Instrument shall be deemed to have been gNen to BoROwer or Lender vrhen given as provided m ih's paragraph.
<br /> 15. Govamlog Law: Severability. This Secunry InsVument shall be govemed by lederal law and the law o1 the ..r__`
<br /> , � jurfsdicUon in which ihe P►operty is located. In the event that any provision or clause ot this Security InsWment or the Note . . . , _
<br /> contliets with applicable Iav�. such con4ict shall not aflect other provisioeis ot this Seeurity Instrument or the Note wh�ch can be �
<br /> • ' given eKect withoul t�e conf:ictmg prov�sion- To this end the provisions o1 this Secunty Instrument and the Note are declared tv ' _
<br /> be severabte. . —
<br /> � 18. BOf�Owe��B COpy. Borrower shall be grven nne contortned copy o1 the Note and ol this Secunty Instrument. : .
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