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<br /> `' � �. � 8orrow� may cure such a detauR and reinstate, es pravided in paragrapA 18. by causing the a�tion or proceeding to be
<br /> � ' d�smissed�vith a tufmg tha�in Lender's good faith Qetemdnation.predudes forteiture of the Bartower s interest in the Property or . �
<br />- � -- og�er matertal hnpa�meat o!thg Qen created by this Seauity InsbumeM or lender's sealrity interest Bortower shall aiso he in _�� �<� i�� �` ,
<br />- ' -.x�: '�' - detault if 8ortower.dierrt�g the lQan aPPAcaUen process,gave materialty talse or lnaccurate information or statements to Lender(ar , .� _
<br /> . • � fa0ed to prov(de Lender w�h any materlal tnformatrcn)in eonneWon witte ihe toan evidenced by the Note. induding. but no� . � •�. �
<br /> ' . 1'mtited to. represe�ons concemtng Bo�rmner's oxupaney a1 the Property as a pdnapai residence. If tfifs Secu� .
<br /> � Instrumert is on a Ieasehold. 8ortower sha0 compry wlth eD 1he provfsions ot the Iease. If Bortower acquires fee UCe to the` ; •.
<br /> � , �.' .. Rvperty.the leasehotd and the tee tiUe sha0 not merge nntess lender agrees ta the merger in wri6ng. .. °, � •
<br /> ` : T.Protedion of Leitder'8 Righffi i1n the Property.I1 Bortower tails to peAorm ffiB covenants and agreemet+ts�►
<br />. ,�.' contained in thts Security Instrumerd. or there Is a legal proceed'mg that may signiflcarrtfy aftect Lendei s rights in the ProPerty� � , �, y ." ,'
<br /> , ' . �sud�as a procee�ing in paniwptay,probate,for condertination or forteiture or to entoroe laws or regulaUons),theo t.ereder may� � _
<br /> • do and pay tor whatever is necessary ta pmtect the value o1 the Roperry and Lenders rights in lhe Property. LendeYs aqion� �•4
<br /> ' �;,-_;� may mdude paymg any sums secured by a lien which has prtority over this Security InstrumenL appearing in cflurt. paytn • _ •
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<br /> ;.�_._,._.>�.__,: reasonabfe attomeys'tees end enteting on ffie Properry to make reAairs.AUhough Lender may take action under this paragrap� . . .
<br /> 7,Lender does not have to do so. ,
<br /> • � � � Any amourrts dtsbutsed by Lender under patagraph 7 shall beeome addiGanal deht of Bortower secured by thls Security .
<br /> -, .� InsWment. Untess Borrower artd lender a�ee to other terms of paymen� tAese amounts shall bear interest from the date af -
<br /> ' disbursement at the Note rate and shall be payable,with interest upon notice from Lender to Borrower requestin9 payment , �
<br /> �� 8. MOttgBge It18u�ce. If Leider required mortgage insurance as a cond�on of making the loan secured by this -, ,. . ,:: f-'r`'.-
<br /> '� ,� ` Securiry tnstrume�t.Bortower shall pay the premiums required to mairrtain the moRgage insurance in eftect. If,for any reason. the .
<br /> ` mortgage insurance coverage requlred by Lender lapses or ceases to be in efted. 8orrower shall pay the premiums required to . __
<br /> 4,, : . �. '±:. obt�n wverage su6stertiaQy equiralent to the mortgage insurance prevlously in efted, at a cost substantiaQy equivaleiR to tAe
<br /> t -� .:'-::.
<br />° cost to 8orrower of the mortgage insurance previousty in efted, irom an altemade mortgage tnsurer approved by Lertdec It �� . �„� ..�
<br /> � � . substenflafht equivatent mortgage insurance covera9e is not ava�7abte. BorroweJ shall pay to Lender each morrth a sum equal to ` ' '�-,�-s�=`_�
<br /> " onetwetfth o1 the yearly martgage insurance preMum being paid by Borrower when tfie msurance coverage lapsed or ceased to . ;: �;G r
<br /> � be In eSeet. Lender unll accept,use and reta6i these paymerrts as a loss rnsenre in Geu of mortgage insurance. Loss resenre . --
<br /> ` , � . payments may �o longer be required,at the option of Lender.'rf mortgage insurance covaage('m the amourrt artd for the pertod � ,.
<br /> ' , that Lender requhes) Drovided hy an insurer approved by Lender again becomes aw�ulabte and is obtalned. Borrower shalt pay -
<br /> the premiums required to maintain mortgage insurance in effect. or to provlde a loss reserva. unU1 the requirement for mortgage
<br /> • insurance ends fn accordance with any wrltten agreement between Borrower and Lender or appGcable taw. - =—'
<br /> _ " - 9. iospa�tton.Lender or its agent may maice a:asonabte entrEss upon end inspedions a1 the PropeAy. Lende►shalt give �' ''��`'_
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<br /> . Borrower notisQ�t the tlme of or pdor to an inspecUon speciyhig reasonab�e cause tor the inspeedon. � •v-_
<br /> �� 1Q. Cor4�emnation.The proceeds ot any award or datm for damages. direct or consequenttal,in coanecdon with any
<br /> condemnaUon or other taidng oi sny part of the Property,ar tar wnveyance in Reu of condemnation. ere herebN assigned and � �-T`
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<br /> .',,`,';, , a. shall be pald to Lender. �'.:+..:.•,,s�_
<br /> � �•��-� • In the �vent ot a total taking o! the Properiy, the proceeds shall 6e applied to the sums secured by this Securiry �`• �_ ��;y,�.
<br />•'+� • Instrument,whether ar not theo dae,with any excess paid to Bortawer. In the event of a pardat takittg of tAe Prop�ty in whtch . • �`�'�
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<br /> � � ' the iah market vatua of the Praperty immed'iatey before tfie taldng is equat to or greater than the amourrt of the sums secured .aaa�..
<br /> � �_ � 6y thls Secu�ity Instrument immediatety betore tAe teking, untess Borrower and Lender othernlse agree in writing, the sums ���"-��-y=-
<br /> � • •: ssared by this 3ecufiry Inswment sha0 be reduced by tfie amount ot the proceeds mulGpGed by the followtng haction: (a) the °�t _
<br /> ' tatal amount oT the sums sewred Immedtatety befare the tafdng. divlded by @)the iatr mazket value of the Propetry munediately► —
<br /> � � • � be;ore the tatcmg My balance sha�be paid to Borrower_ tn the eveat ot a partial taWrtg ot the Property in which the tair maricet �' .�,
<br /> � •� • � •� vaSue of the Property Immedlately before the taking (s less than the amount of the sums secured imme�atety before the taking, ; ;x:�-�.,.
<br /> �' � untess 8orrower and 4ender othenviss agree in wriUng or uNess appticable law othervvise provides, the proceeds sha11 be , ' =�--'`'
<br /> ' applied to the swns secured by thls Secur(ty InsUUment wh�ther ot not the sums are then due. � "Y�`
<br /> • ' ' If the Properry fs ebandoned by Boaower,or N,after noUce by Lender to Boaower that the condemnor of[ers to m3ke an •��;;-!; ' ::.^- _
<br /> � . � '� � award or settte a elalm for damages, Borrower iails to respond to lender within 30 days after the date the noUce is gtven. °� '"___
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<br /> % Lender ts authorhed to collect and py the proceeds. at Rs opUon, etther to restoration or repair of the Properry or to the �'� `'�`� � �� �
<br /> eP ��a,�=
<br /> sums secured by this Security tnstrument,�vhether or not ffien due. .' •� _�'���
<br /> �� , Untess Lender and Borrower othenvise agree fi writing, any appficaUon ot proceeds to pdndpal shalt not extend or a
<br /> " � postpone the due date ot the morrthly payments refetted to In paragraphs 1 and 2 or cfiange the amount of such payments. ' ��-
<br /> ' � 11.Borrower Not Released; Fotbearance By Lender Noi a Waiver.Extenslon ot the Ume for payment or . �• •s=_
<br /> . � . � modiflcaUon at emortlzatlon oi the sums secured by thls Seo�nity InsVUment granted by Lender to eny successor In lnterest ot � ___
<br /> Borrower ahall not operate to retease the Ifabil'M1y of the odginal Borrower or 8ortower's successora in interest. Lender shaU not c: �_ � `;_.
<br /> •'�� � � be �ecArired to wmmence proceedings against erty successor in lnterest or rehise to extend flme for payment or othetwise _
<br /> � .: �,
<br />- . • � modity amortlmUon ot the sums secured by this Securlty Instrument by reason of any demend made by the odginal Bortower or � ; ; -
<br /> � ' � . . Borrower's successors in Interest. Any farbearance by Lender in exerctsfng any dght or remedy shall not be a walver o1 or �
<br /> - • � preclude the exerdse o1 any right or remedy. ' �'r,i� ��� �•''t`�
<br /> � 12. Suecessors and Asstgns Bound; Jofnt and Several Uability; Co-slgners.'ihe coyenants and ..
<br />.. � agreements of thls Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,su b je q to t he �' '� �
<br /> ,_. _.
<br /> � provlslons of petagraph 17. Borrower's wvenants end agreements shell be jolnt and several. My Borrower wfio co-a�gna this
<br /> •� � t SecufRy Instrument but does not execute the Note: (a) is co-slgning thls Securtty Instrument onty to moCgage,grant and convey •
<br /> . i ihat 8oaower's interest In the Property under the terms ot this Security Instrument: (b)is not personalry obllgated to pay the �.;;,�: ,
<br /> • - • � sums secured by this Security Instrument: end (c)agrees that Lender and any other Bonower may agree to extend,modity. �.�i,i= `
<br /> : . � torbear or make any accommodat(ons with regard to the tertns of thls Security tnstrument or the Note without that Bortower's . � .
<br /> :__; . "} consent. ,. ...
<br /> j 13. Loan Cl�arges. N the loan secured by this Security Instrument is subJect to a Iaw which sets maxlmum loan
<br /> ' charges,and that law is 1lnally interpreted so that the interest or other loan charges collec[ed or to be collected In connectlon . .
<br /> . . with the loan exceed the pertnitted Ilmits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce . ,,;. ,
<br /> , ' the charge to the permilted limit; and (b) any sums atready collected hom Bonower whlch exceeded permitied Iim1s will be ,.;�':" �
<br /> - . . retunded to Borrower. Lender may choose to make�E+:s retund by reducing the pdncipal owed under the Note or by maWng a .
<br /> . ' ; dlrect payment to Borrower. It a retund reduces prmeipal, the reducNon will be Veated as a partlal prepaymeM without any � :
<br /> • t prepayment charge under the Note.
<br /> � j 14. NOt1Ce9.Any noUce to Borre�ner provlded tor In thls Secudty Instrument shall be glven by dellvering it or by mailing fl � •
<br /> . , � by ilrst ctass mall unless applicable taw requires use of another method. The noUce shall be directed to the PropeUy Address
<br /> . 1. or any other address Bortower deslgnates by notice to Lender. Any noUce to Lender shall be glven by tlrst ctass mail to .
<br /> ! Lender's addresa steted hereln or any other address Lender designates by notice to Bortower. My noUce provided tor in this
<br /> � ' Security lastrumenl shall be deemed to have been given to Bonower or Lender when glven as provided in this paragreph. ' ,
<br /> � � 4 15. Governing Law; Severability. This Securily Instrument shall be govemed by federal law and the lav� 01 the
<br /> JutisdicQon ln whlch ihe PropeRy is located. In the event ihat any provlsion or elause o1 ihis Security Instrument or the Note
<br /> ' contficts with applieable law, such conllict sfiall not eflect other provisions of this Securiry Instrument or the Note which can be .
<br /> _ , given effect without the conilicting provis�on. To this end the provisions of this Security Instrument and the Riote are deGared to . • .
<br /> � be severable. �
<br />, � � � _ + 16. Bos(OW�I'9 COpy. Bonowe►shall be given one contortned copy o1 ihe Note and ot this Security Instrument � �
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