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<br /> • Borrower muy cwo auch a dofuull and relnstnto, an providod io pnragraph 1Q, by �i7"s!p�d'�fCRdr�rocecdin{� la bo �_
<br /> • dismissed with n rulln� thnt, in Lcnder'�pood lulth dotanilnntlon, procludes forlelluro 01 tha Borrower's Intcrest In tho Prupcity or -
<br /> other mnterlul Imnnlrmenl o} tho n��, �re�i�a ny rt,is Security Inslrument or Lender's accudly Interua�. qorrov�cr shnll edso Gu !n
<br /> , defnuit tl Borrower,during tho loan applicntlon procas�, qavo materiully Inlso or Inaccumte lntorm�tlon or stptomenis to Len�cr (or
<br /> t fnlled to p►ovido lender wlth eny matarlal intormntlon) In conn�cUon wilh tha lonn ovidonced by iha NotQ, Indudin�. but nat �,_
<br /> i Ilmitod to, reprosentntlons concoming Borrotiver's occupuncy ol Iho Propmty ne u principul rosldenca If this 5nauity Er_
<br /> , � Insirumenl Is on n IQasohold, Borrowar shall cumply with ell ihe provislons ol the leaso II Borrower aequlros fee tltln to thc �.
<br /> Property.lho leusahold nnd thn feo Utlo shail not merc�e unloss Lender�yroes to tho merger in wriUng. �
<br /> 7. P►At8CtI0n of Lendor'� Rlght� In the Property. N Borrower fails lo peAorm tho cuvennnts and agraemenls
<br /> euntulnad In thls Seeudry Instrument, or thero is a lagal proceedmg thet may signtl�cnnqy allact Lnndar s n�,�hls in Ihu f'rupcity �.:
<br /> _:�y�� (such as n procaeding In bankruptcy. Probnte. for condemnntion ur foAoiluro or�n enlorce Inws or regulallons�.Ihon Lendr,r may
<br /> ,� do and pay lor whAtover Is necessnry to prolect lhe vnluo ot Ihe PropQrty and Lander's rights in the Proporty. Lenders �,cuona P�
<br /> may include paying c►ny sums secured by a Ilen which has pnonty over this Security Instrument. uppeanng m couii- puym,y ;
<br />__^__ .. .. � reasoneble altomoys' feos and enlcrin� on tho Property to mnke repnirs Although Lender may �eke actlon under this parayrapn �
<br /> 7,Lender does not hAVO to do so.
<br /> " ``� Any amounts disbursed by I,ender uncf�r r�nraryreph 7 shnll bocome addlilonal debt of Borrower socured by Ihis Sucunly ___
<br /> , . • �I Instrument. Unless Barrowcx ead lcnc+nr <.fr� :o other terms oi payment, theso nmounis shall bear mterast trom tFia dnlu ul `
<br /> �f dlsbur.�ement at tho hote rate<.r.d s��3�;.^, r�:i;�{o,with :�t;^c�st. upon notica irom Lender to Borrower roquonting pnyment.
<br /> '� ,� ';I 8. Mo�tgage Insuranee. 14 Lenc<� r�qwred moi4gape insurance as n condition oi meicing tho lonn secured by this
<br /> '� . � . Secwity Instrumonl Borrower shall pey the prnmiums requfred to maintain Ih�mort�age insuranca in oflect. I(, for any reason. the _
<br /> '��,� . mortgage Insurnnce coverage required by Lender lepsos or censes to bc in e71ec1. Borrower shall pey 1he premiums reqwred to
<br />;;Ry,�i;s��`� � ohtain coveraDQ substanUufly equlvalent to iho mortgac�e insuranca previousi} In ellect, at a cost substantinlly equivalont lo the
<br /> �i:�t�;�`�f�,
<br />'_�-;,.,.ff.� cust to Borrowar ot tho morlgage insurnnce previously In oflect. from en alternate rnn:lg��o insurer epproved by Londer Ii
<br /> f;`�t'"�'"i�-'� suhstantlalty equfvaleM moHgage Insurance coverago is not nvallablo. Eorrower shall pttV to l.ender esch month a sum oyual to
<br /> �-r.��• �:�
<br /> 5hj.'. • one-twelfth ot the yenrly mortgage Insurence premlum being pald by Borrower when the insurnnce coverage Inpsed or ceased to
<br /> '=>,ts+ bo In etlect. Lender will accept, use end retaln these paymenls as e loss reserve In Ileu of mortgage insuranr,e. Loss reserve
<br /> payments may no longer bo required, flt the optipn of Lender, I1 mortgage insurenco covernge (In the amount and ior the poriod —�
<br /> r�� ;� thai Lender requires) provided by nn insunar approved by Lender sgaln becomes avalluble end Is ohtalned. Borrower shull pay =
<br />,���''•�N• ' ihe premfums requlred to m�inTntn mortgac�e Insumnce In oftoct, cr to provide n loss reserve, until tho raquirement for mortgago
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<br /> ;,�:,;,;�, insurance ends Ui eccordance wlth any vrr(lten agreement between Borrower and Lender or applicable law. �--
<br />-:;:"_�,�% 9. Itl9peEtlOn. Lender ot its agent may makn reasonabte entrles upon end Insp�icUons of tAo Property. Lender shall give
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<br />'�-'•4ri BoROwer notice at the tlme ol or prior to an Inspectlon specltying reusonable cause lor lhe Inspection.
<br /> .:'.�`,�,"� 10. Condemnatlon.Tho proceeds ot eny award or clalm for damages, direct or consequenilal,in connecpon with any
<br /> '�+__4'R4� candemnation or other taking of any part oi the Property, or for conveyance In Ileu ot condemnetlon, ore hereby assigned and
<br /> :;;N,;�;
<br /> shail be pald to Lender.
<br />'"-'��•''�s;� In tho event of e totel tuking ol the Property, tho prncoods shall be applied to the sums secured by this Security
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<br /> �-' - -- �� u:.'�tv api0i:v...... �: t::�.^.L't^: ^I., nninl�oL:�.n nl fho Prnnerfu In whlrh
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<br />__'�-:�;hW�' 1he ta(e market vaiue o1 tha PropeRy immedletely betare tho taking is equnl to or greater thnn tho amount ot the sums securnd
<br /> by Shls Seourlty Instrument Immediately beiore lhe taking, unless Borrower and Londer otherwise agroe In writing, the sums
<br /> '"`� secure�by thls Sccuriry Instrument shall be reduced by thu amount of the procoeds mulUplied by th3 following iraCdon: (e) the
<br /> ��'F-';;r�� total amount of the sums secured immediately befare the takinfl, divldQd by (b)tho lair markat value ot the Property immediatery
<br /> �;y;,,�� betore the taking.My balance shall be pald to Borrowvr. In the ovent ot e panlul tnking ol Ihe Praperty In which the tnir market
<br /> �--— valua o1 tha Properly Immedlately bet�re the taking is less than the amount o1 the sums secured Immedlately betore the taking,
<br /> - unless Bortower and Lender otherwise agreo In wdting or unlass applicablo law othenvlse prmides, the proceeds shall bo
<br /> -:��� epplled to tho sums secured by thls Securlty Instrument whether or not the sums are then due.
<br /> --- — If lho Property Is aba:;r;.n�d by Borrower, or It, efter notice by Lendor to Hortower thut tho condemnor o8ers to m¢ko en
<br /> nward or sattln a clufm '�r]�mages. Borrower falls to rospond to Lender within 30 days nfte► the date the notice Is glven,
<br /> , Lender Is authorized to collac: snd apply the proceads, a: its optlon, elther to restoratlon or repalr o1 thv Property or to the
<br /> ------ 5ums secured by thls Securlry Instrument,whether or not then due. '
<br /> Unless Lender end Bortower othen•rise �gree In wdting, nny nppllcaUon of proceed3 to princlpal shall not extend or
<br /> postpona the due dnte of i'.�m�nthly ps�rments roferred to In paragmphs� pn�2 or chango the nmount of such paynienls.
<br /> - 11. Borrower M�.t;Fi'p1pp99f1; Fori�earance By Lendor�1�4 a Waiv�er.Extenslon o}the Ume(or pnyment or
<br /> -:;c.,.'� modiiication ot amortizat:c�.a1:lho surns �eared by this Secudty Instrumen� granted by land^r to any eucceasor in Interect ol
<br /> -` Borrower shnll not operato!r�slease t�a �iapl�ity of the original Bortower ni 8ortowor'� suocxsbu�e 6� luterest. LendG shall not
<br /> be requlred to commence procaedings •npAinsi any successor In inte:cat ar►efuse to Fxtend time 9or payment or otherwise
<br /> modify amortlzntion o1 ihe sums secured .y thls Security Instrument kxy renson of any demand made�Dy Ihe originnl Borcower or
<br /> Bon�ower's successors In Interest. Any foYuearnnce by Lender In oxercisljig any right or re�redy �hall npt be n walver of or
<br /> preclude the exerolse o}any dght ar romedy.
<br /> 12. Sua�essors and Asslgns Bound; Jolnt and 5everal Llabtlity; C�-sfgners. Tne covenants and
<br /> agreements ot this Security Instiument s5a11 bind and benetit tho succassor.� and assigns o1 Londer and Borrowor, subjoct to t�o
<br /> provlslons oi parngraph 17. Bortower's covenants and agreements shall be �oint and severel. My 7a1ro•,ver viho co-sicJns this
<br /> Sacuriry Instrument but does not execu^.s tne Nota: (e)is co•signing this Security Instrumont only to�noftppgo, grunt and convay
<br /> - that Borrower's interest In iho Froperty u.��cr tho terms of thls Securtty Instniment; (b) Is not personaL� obligated to pay ihc
<br /> � _ = sums secured by this Seourity lostrument: nnd (c) agrees thnt Lender and any other 8orrower may egreo to en3xnd, modlly.
<br /> -'-�� (orbear or make any accommodatlons vdth rogurd to the terms of this Security Instrumant or tho Noto wtthout that dorrower's
<br /> =-�5:."'°=.._:� eonsent.
<br /> __��� 13. Lb4�'n Charges. If tho loar secured by thls Security Instrument fs sub�ect to o law whlch sets mnximum loan
<br /> r1.,.� r�1 Chorgos, an�7he�t Inw Is tinelly interpretad so th�t tho Interest or other lonn chnrc�es collected or to be collected In connectlon
<br /> •�r.b�l with tAe lonn exCeed tho permitted Iimits, then: (o) any such lonn chArgo shnn bo rQduced by the nmount necess�n�to reduce _.
<br />'_S�?;;�:r��� tiie ehnrc�n to thn perr',5�1 ?imit and (b) uny sums olready collee4ed from Bono»Er which exceoded permitted lirni;s will be
<br /> =:?_�°� r5funded to Borrower. Ler.�r �,�ay chooao to muke thfs retund by reducing tho prineiaal owad under the Note or R�y .rc:akinc�a
<br /> �...,nr.�"�'.r�
<br /> h `� diract pnyment to Borrower. Ii n ret'��-.8 zduces princlpal, the reduction wfll be treatod as u paHfal prepnyment wdhoul any
<br /> --_�..��'��
<br /> _.._;c;,,,.;�� prepayment chargo under tho Note.
<br /> _-;�,.5i�„�� 14. No*�Ces. My notice to Borr�vr�;provlded for In thls Security Instrument shall be glven by deliverfng it or by malling II
<br /> _.:,;�' by iirst clacs mnll unloss nppilcablo law rQqulres uso of unother method. Tho notice shnll be dire�ted to tha Property Address
<br /> ,; � or eny oiner eddras� oorrower designaia� oy noiico io i.enuer. F�ny nviica io i.endcr snau ov givcn oy msi ciass maii io
<br /> +,,��;�' Lendor's addross sta4ed hereln or nny other nddress Lender destgnates by notice lo Borrower. Any notico provlded for in thls
<br /> -y�'f.f•-iiti :.`'.. Security Instrument shall be deemad to hAVO been glven lo Borrower or I.endcr�vhen glven us provld�d In thls paragraph.
<br /> -i:�-"-'�•.�:•�, 1b. Governing l.aw; S8V0�eblll�y. Thls Security Instrumenl shnll be govemed by IedorAl law end tho law ot Ihe
<br /> .;.t.� • Jurlsdictlon fn whlch tho Property Is located. In the event that ony provlslon or clnuse o1 lh(s Security Inslrument or thr. Note
<br /> ,`,�,�±!•3' con0lets wlth appllcabla law, such conillct shall not uflect other provlsfons of thts Security Instrument or tho Note whlch cun be _
<br /> �• • . �, glven utfect wtthout the eoNllctfng provislon.To this end ihe provislons ot thls Socurlry Instrumenl nnd the Noto are declared lo
<br /> � � �•i bo sevcrablc.
<br /> -• . � 16. Borrowe�'s Copy.Borrrnver shall be given one conlormed copy ot the Note c�nd ol this Security Instrument
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