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<br /> • � Boirower may curo such a deluult end refnslate, as provlded In paragraph 1B, by cuusing the actlon or proceedlnfl to bo
<br /> dlsmissod with e ruling tho'�tho Ilen erooted by lhlsdBSo urllyl�nstPument or Lender's security Into ostg Ibo�rower�shallPetso�'be in
<br /> other mated�l Impnirmont o
<br /> � doiault if Borrowcr,durfng lho loan ❑ppllcnilon proc�ss, gavo mnlarially lulse or inaccurnto inlormalion or etatemr.nts to Lendcr (or
<br /> __ _ :__ � fnllad to provlde Lender with any maledel Iniormnllon) In connectlon with tho lonn evldenced by Ihe Noto. including. bui no
<br /> Ilmiled to. representetfons w�iceming Bo�rower'a ocaponcy °ro Ihlo sroofetho�leaso.�rH Bc�rruwa'dacqulrcallce�ltitle louth � - •
<br /> Instrument Is on a Icasohold. Borrower ahali comply wlth uil tho P `
<br /> ' Proporty,tho lea�ehold and tha tee titlo shnll not mer{�u unlass Lendar ngroes to the merflor in writlnfl.
<br /> ' 7. Proteatlon of Lender's R{ghts �ro the Property �1 Borrower Inl1s to perlorm tho covenunis nnd ngroemente� ,
<br /> ' contalnod In thls Security Instrument. or thero Is a lo�7al procoedln� thal may sl4niticantly atlect Lendor's ripht� In lhn Property
<br /> � (such as e procoeding in bankwptcy, probnte,for candemnatlon or IoAeitura or to entorco Inws or rogulntlons�, then Londer moy
<br /> � '+�"� do and pey tor whatever Is necessary to protect the�IchBhAytheio►q P o�erHthlsLSecurltyn nstrumeni, appearing In n ourt, pnying�
<br /> "'� t may Inc lu do pay ing a n y s u m s s o c u r e d b y a I l e n w h P
<br /> ��'r'pO� i roasonable attomeys' teea and entering on the Property to make ropnirs. Aithough Lan dar may ta k e a c t i o n u n d e r l h l s p a r a g r a p h�
<br /> "'�^•'"'�" 7, Lender does not heve to do so.
<br /> � Any emounts disbursed by Lender under paragreph '7 shell become additlonal debt ol Borrower secured by this Socuriry
<br /> ; Instrument. Unless Borrower and Lender egroe to other terms ot payment, these emounts shall bear interest from the dato ol .`
<br /> ; * dlsbursement at the Note rate and shall be payablo,with Interost, upon notice irom Lender to Bortower requesting peyment. .
<br /> 8. M01'tgsge Insuranee. M Lender requlred mortgage Insurance as e conditlon of making the loon secured by this _V J�i,_.
<br /> Security Instrument, Borro•,ver shall pay tho premiums requlred to malntain the mortgage Insurance In ettect. 11,tor any renson,the -
<br /> •�,,� mortgage insurance covera9e e uivelent to theQmortgage Insurence prevlausly ffnceftectR at e cost sub tantlallymequlvalent It dthe F
<br /> obtaln coverege substant a y q ���
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<br /> � �, cost to Bortower of the mortgt►ge insurance previously in eflect, lrom en altemeto mortgago Insurer epproved by Lender. I -- _
<br /> �� substantlnliy equNalent mortgage Insurance coverage Is not nveilable, Bortowor shAll pey to Lender each month a sum equal to —"""�°
<br /> � one-tweltth ot the yearly mo►tgage Insurance premlum being pald by Borrower when the insuranco coverege lapsed ar ceased to
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<br /> � be In etlect. Lender wfll accept, use and retaln thase payments es s lass re:erve in Ileu of mortgago Insurance. Loss reserve �T��
<br /> �� paymenis may no longer be requlred, at tho optlon of Lender,A mortqage insurance coverage (In the amount and ior the pedod �iti�s�.
<br /> that Lender requfres) providad by an insurer approved by Lender agaln becomes Available end Is obtalned. Borrower shell pay �ryR
<br /> ..��; �," �' the premlums required to malntsin mortgage Insurance In eHec4, or to provlde a loss reserve, untll the requlrement for mortgege
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<br /> ��:�,�,;,• s, Insurance ends In accordance with any wdtten agreement botween Borrower and Lender or sppllcnbio law. -
<br /> '� 9.Inspectlon. l.ender or its egent may make reasonable entdes upon and Insper.tions of the Property. Lender shall give �1�,;..
<br /> / ortower notice at the time o1 or pdor to an Inspectlon specltying reasonable cause for the Inspectlon.
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<br /> " ' 10. Condemnatlon.The proceeds ot any award or for conve anceen lelueoi condemnatlonlsarenhereby as Igned and
<br /> - � ��-�r condc:rnatlon or othAr taking of any pnd of tho Property, Y `
<br /> ° shaU be pald to Lender.
<br /> In the event of n total taking of the Property. the proceeds shall be epplied to the sums secured by this Svcuriry
<br />_ Instrumeni, whether^or oo�t thPO QUe� mIm dlat Iv befo eethe t king Iseequal toeor yreaterethen 1theaamo nt tot the sums la cured
<br /> . � � , . lhe iair maiii&i .o�do �. ••••• .._�-!!Y
<br /> ` by this Security Instrument immediately betore the taking, unless Borrower ana Lenden utt�er.c�oa ati:�� !^ `r�'•iso. tne aums
<br /> �- �' 7' �" secured dy this Secudry Instrument shall be reduced by the amount of the proceeds mutilplled by the following (ractlon: (a)tho
<br /> • � �'} +"�' �,.
<br /> total amount of the sums secured Immedlatety bofore the taking, dNided by(b)the falr market vaiue of the Property Immediately
<br />_-,��,�..J�rQ.}�: � beforo the tnking.Any balancee h tiefore the tuklog Iswles� than the amounPot�theesums�securedlm ediat Iyibefohe the tekingt ��
<br /> -���. -• • value ol tho Property Immedlat y
<br /> -'�"'"'''' unless Borrower and Lender otheiwise agree In writing or unless appltcsble law otherwlse provides, the proceeds sheli be
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<br /> -'� �'i= ' eppiled to the sums secured by thls Secu�iry InstNment whether or not the sums are then due.
<br /> -'""'°1,;;:��. N the Property is abandoned by BoROwer, or it, efter notice by Lender to Borrower that the condemnor otters to make an
<br />�T�"�`•� award or settle a clalm tor damages. BoROwer fafls to respond to Lender within 30 days after tho date the notice is glven.
<br /> --'-{=^' ` - Lender Is authorized to collect and epply the procoeds, at fts option, either to restorutlon or repair ot the Property or to the
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<br /> _;:;_„��� sums secured by thls Secudty Instrument, whether or not then due.
<br /> „��.___;..�,.�_, Unless Lender end l3orrower othervvlse agree In writing, any npplicatlon of proceeds to pdnclpal shell not extend or
<br /> ° ---��. postpone the due date of the monthty payments reterred to In paragraphs 1 and 2 or changs the amount o1 such paymenls.
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<br /> Forbearence By Lendar Not a Wa�ver.Extension of the time fo►payment or
<br /> -°�••----• 11. Bortower Not Release ;
<br />"iL°"�"""��`�` modificetlon of amortizetfon of the sums sacured by this Security Instrument granted by Lender to any successar In interest o1
<br /> 1N6 Borrower shall not operate to relense the Iiabflity o1 the origlnai �arrower or Borrowers successors In interest. Lender shall not
<br /> ','� ' be requirad to commence proceedings aflainst eny successor In interost or retuse to extend timo tor payment or otherwise
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<br /> _::ra, '4 modHy amortization of tho sums secured by this Secu�ity Instrument by reason of any demand mado by the original orrower or
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<br /> --_=����? Borrower's successors in Interest. Any torbearenco by Lender In exercising any rlght or remedy shall noq he a WAIY�f 0 or
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<br /> -;ry�,_�= preclude the ezarclse ot any dght or remedy. Co�sl nera. The covenants end
<br /> �^� �*�� 12. Successors and Assigns Bound; .lolnt and Several Llability; g
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<br /> _____._= agreements of this Security Instrumont shell bi�d�nd benetit the successors end assigns oi Lender and Bortower,subJect to t e
<br /> �� provisions ot paragraph 17, Bortower's covenants and agreements shall be Joint and several. My Borrower who co•signs thts
<br /> .�--�� Securiry Instrument but does not ex�cute tho Note: (a)Is co•slgning this Security Instrument only to mortgage,grant and convey
<br /> - ` '"�;� that Bor►ower s Interest In the Proparry under the terms ot thla Socuriry Instrurnent: (b) Is not personaly obilgated to pay the
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<br /> ��`''r'�`•'�� suma secured by this Secur(ty Ins'trument; end (o)a9rees that Lender and eny othor Borcowor may agree to extend, modity.
<br /> � forbear or mctke any accommodatione wlth regard to ihe tertns ot this Socudty Instrument or the Note without that Borrower's
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<br /> �,,.c•:.,...;� , cansent.
<br /> �'��' �~� � �` 13. I.O8t1 ChA►g�9. It the loan secured by this Secudty Instmment is subJect to e lew whlch cets maximum oan
<br /> "_' '`.���.
<br /> �-�;;" "•.�..•��`;_ �,' charges, and thnt law Is rnally Interpreted s� that the interest or other loan chargos cotlected or to be cotlecled in connoction
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<br /> :;��`•:. ••:;,,; �:. wAn the loan exceed the permftted Iimits, then: (a) any such loAn chnrge shall be reduced by the amount nacessery to re uce
<br /> ";;'�.• ._. the cherge to the permitted IImH: and (b) ony sums already coliected trom Borruwer which ex�eeded permitted Ilmits wfll bo
<br /> °�`� refunded to Borrower. Lender mey choose to make ihis retund by redudng the pdncipel owed under the Note or by making e _-
<br /> .,"• •�� - direct payment to 8onower. if a retund reducos principal, the reductlon wi11 bo Ireated as a partlal prepayment without �ny �_-
<br /> - " ''�'� � prepayment chnrge under the Note. �"-
<br /> 14. NOt1C98.Any notice to Borrower provided for I�i thls Secudty Instn�ment shall be given by delivedng it ot by malling it �;,__
<br /> �' ' by tirat class mell unless applicable law requlres use of another method. The notice shell be directed to tlte Property Address
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<br /> _,.,x,a� � � or nny other addross Borrower desfgnates by noticn to Lender. Any notice to Lender shall bo given by first clacs maf� to __
<br /> --_- _ ... �r,_ .... e.,,. ..,�,o. n�i�rnca Lander desipnutes by notice to Borrower. My notice provided tor In thls _
<br /> °--° -_ - tenaer's address 5�0«„ �����. •.• W., __._. _ � r
<br /> �-}� Secudry Instrument shell ba doamed to have been given to Borcower or Lender when givEn es provuted m tnis paragrapn. _-
<br /> 1b. GOVe�ililtg I.�W; Severanflity. This Secudty Instniment sholl be govemed by federnl Inw and the law ot the
<br /> jurisdiction in which tho Properry Is locatod. In the event that any provision or dause of thls Security Instrument or tho Note
<br /> contilcts with applicable law, such conilict ahall not atiect otherovlslons�oi thlshSecurity�l stru e�eand lhe Note a ohd cla edto
<br /> ' given eifect without tho canfllcting provislon. To this end tho p
<br /> be severeble.
<br /> 16. Borrower's Copy Borrower shall be given onn contormed copy of the Note end ot this Security Instrument.
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