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<br /> • � � ,[� �orrovrer may cure such a default and re(nstate, es provided in paracyaRh t8, by causing tha action or proceeding to ba : .
<br /> . � , ', .dismissed with a niGng tAat,in Lender's goad tafttt determinaUon,precfudes foRetWre oT the 8arrowePs interest in the Properry or ,.:
<br /> - � � other mate�iai impaim►ent of the Uen creaied tsy thl� Seeurity Instrument or Lender's security inte�st. Bortower shaU also be ir. •� _,_;�,.. .
<br /> ,:,. detauft H Borrow�during the toan app9atton process.gave materialty false or inacwrate intormation or statements to Lender(or - .. �'•
<br /> ---,;.,rz:=_� ;-'�` tai►ed to provide lender r�fa afit matertat 1ido�maffcnj in connecUon with the loan evldenced by the Note, indudfng. but �ot - --�"_T�;.':.
<br /> , . Gm(ted to. represenfatIons conceming 9ortowers ocatpanFy of the Properly as a prin�pal residenco. If this Secucity �T'+ �� . ,'
<br /> instrument is on a leasehald, Borrower sheJl comply witb aU the provtstons o4 the tease. If Borrawer acqutres tee tilte to the `� •c . ,
<br /> • PropeRy,the leasehold end tAe fee titte shaP not merge untess Lender agrees to the merger in writtng. t_' . �
<br /> . 7. PrateetIon af Lender's Fi1gMs in the Properiy.�t Bor►ower raus to perfortn the covenants end acgeemetsts . , •
<br /> conteined in this Security Instrument, ar there is a legal procee�ng that may signifrcanUyr effeet Lende►'s dghts in the Propeny � .`+,; . '.�,,�: .
<br /> �� ,' (such as a proceeding in banlwpt�y, probate,for condemnaUon ar farfeilure or to enforce laws or regutatians),then Lender may ' ,° ` �f
<br /> • • ... do end pay for whatever(s necessary to prat�ect the vatue of the PropeAy and Lender's rlghts!n the Prtrperry. Lender's aWans � r - .
<br /> , ' may indude paying any sums secured by a Gen which has prforityr over this Sewr(ty tnstrument appearing tn wuR, paying �
<br /> �'"`"� reasonable attomeys' taes and entering on the PropeRy to make repairs.Although Lender rr�y teke action under this paragraph �
<br /> -- - T. Eender does not have ta do so. =��-;
<br /> ' ` My amounts disbursed by Lender under paragraph 7 shall become additional debt of Botrawer secured by this Securiry � ` ' "'
<br /> .� Insbument Untess Borrower and Lender a�ee to other tertns of paymenx these amounts shafl 6ear irtterest irom the date of � . •� �
<br /> . ` disbursement at the Note rate and shall be payabte,with interest.upan noUce trom Lende►to Borrower requesthig paytnent � • �' `�r,c
<br /> • 8. Mortgage It1SUrSnCe. If Lendet required mortgage insurartce as a condVon of matcing the toan secured by this � :�� i�;r .
<br /> _. Security Irrstrument Bortower shall pay the premiums required to matntain the mortgage insurance in eRe�t.If.tor any reason,the � � - - -- . ,
<br /> .- . ' moRgage insurance coverage required by Lend�lapses or ePases to be in effect, Borrower shaU pay the premiums required to � . =__,_ _
<br /> . obtain coverage substarrtialy equivalent to the moRgage insurance previausty tn efteci.at a cost substsnitaQy equivalent to the �� ____
<br /> ' cosl to 8ortower of the moRgaqe insurance previousy in eftect, irom an aftemate moRgage insure►approved by LenQer. B • .- __=__ _
<br /> � • substantlally equivatent moRgage insurance coverage is not ava7a6te, Burtotiver shaD psy to Lender each month a sum equal to �.:�t--`
<br /> on�riveifth of the yeatty mortgage insurance premium being paid by Bonower when the msurance coverage hapsed or ceased to �-•��, •; —
<br /> . ' be in eftect Lender wID accept,use and retain these payments as a losa resenre in Ueu of mortgage insurance. Loss rese+ve ' ;�,..'
<br /> ' � payments may no longer be requUed. at the optlon of Lender,'rf mortgage insurar�ce coverage pn the amount and tor the periad �
<br />-1:, . :
<br /> . � , ihat Lender requires) provided by an insurer approved by Lender agaln becomes avaitabte and is obtatned. Bortower shali pay , -
<br /> r.:`� the premiums requlred to mair►taln mortgage insurance fi effed.or to provlde a loss reserve,urrtii the requtrement for mortgage -' i_ __
<br /> � �� insurance ends in accordance witt►azry written agreement between BoROwer and Lender ar appGcab(e Iaw. —
<br /> . .. :.'.,�z' 9. (nSpeCtlOtt.Lender or its agent may malce reasonable enbies upon end insped[ons of the PrapeRy. Lender shaU give -_ _
<br /> � - . �• ' Barrower natice at the time of or prio►to en inspection speeifyU�g reasonable cause tor the tnspedion. ' " . _=-
<br /> �. 10. Condemnation.The proceeda of arry award or daim for damages,dired ar consequentlal. in connedion with any = —_
<br /> , " condemnation or other taking of any part of the Property, or tor conveyance in lieu ot condemnatfon, are hereby asslgned and =,��������'-�—__
<br /> .; �� ' ° shali be paid to lender. '�; ;'"'
<br /> � � In the event of a total tatdng af the Properry, the proceeds shall be appUed to the sums secured b thls Sacurt'ty � � �: ' '�
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<br /> � � � �-��,.��7 Instrument,whether ar not then due, wfth any excess paid to BoROwer. (n the event oi a padtal tslMg af the Pmperry(n whtcb �•��.
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<br /> " ' � the fair maricet value of the Property immediately befare the taWng is equai to or greater than the amourrt of the sums secuced � - �
<br /> ' by thfs Security InsLUment tmmedlatety before the taldng, unless Borrower and Lender otherwise acgee in wrking, the suma � `'� �vW
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<br /> . • secured by this 3ecuriry instrument shall be reduced by the amount ot the proceeds muftipUed by the tuRawing lractian: (a) the � ' -
<br /> ' . total amour►t of the sums secured immediatety betore the taidng, drdded 6y (b)the fair markel vffiue of the PropeAy imme�ately � . �`~�
<br /> � .��.-�,..
<br /> . � � before the teking.Any 6alance shall be pa(d to Borrower. b the eve.nt of a partial taldng ot the PropeRy in which the fair maAcel � ,.� . ----
<br /> � . , , value of the Froperty imm�atey 6efore the taking is less tfian the amount oi the sums secured immedlately 6etore the Takfig, �.�� ::.
<br /> unless Borrower and Lender othervvise ayee in wrftlng or unless appilca6le law othervvfse provides, the proceeds sha0 be , , , � ,j;�
<br /> > , .. ' apptied to the sums secured by this Securily Instntment whether or not the sums are then due. , •� =�'�
<br /> ' ' � it the Properly is abandoned by 8orsower,or it,after noUce by Lender to Bortuwer tfiat the condemnor offeTS to make an ���;y=��:�
<br /> - .-. � , award or seitle a daim for damages, Bortower taiis to respond to Lender wAh(n 30 days after the date the nottce is 9tven, . . ---
<br /> - Lender is authorized to collect and appty the proceeds, at its opUon, efther to restoraUon or repair ot the Propedy or to tfie . � .. -'��
<br /> � � sums secured by thts Securiry Instrument,whether or not then due. ��-•��
<br /> ' ' Unless Lender and Borrower oiherwise agree In wrttfig, any appllcaUon of proceeds to pdnctpal sha0 not e�Qend or : ` "" '
<br /> ': ' i postpone the due date of the monthly payments referted to in para�aphs 1 and 2 or change the amount ot such payments. , :; .� . s_
<br /> 1 t.Borrower Not Released; Forbearance By Lender Not a Watver.6Rensian of the Ume tor payment or • :�. . _ -
<br /> . � � ,F. modiRcatlon of amoRizetion of the sums secured by th(s Securityr Instrument granted by Lender to any successor fn interest of - • a
<br /> ` '�i Bortower shail nol operate to release the Gability of the original Bortowe�or Bartower's successors in irrterest Lender she11 not - .�'�
<br /> '`t be required to commence procee�ings against any successor in interest or refuse to extend time far payment or otherwise. `�a�::
<br /> • �! modAy amoRizaUon oi the sums secured by th(s 3ecurity tnstrument by reason of any demand made by the ori�Borrower or � - - _
<br /> Borrowers suceessors in interest. Any forbearance by Eender in exercising any dght or remedy shail not be a vza:ver of or ' '-
<br /> ��..
<br /> , • ; preclude the exerdse of any dght or remedy. �•' . �.
<br /> • 12. Successors and AssEgns Bound; Joint and Several Uability; Co-signees.The covenants and �
<br /> � . � agreements ot this Securiry Insirument sh�l bind and benetit the successors and assigns of Lender and Borrower,subject to the - •
<br /> � � prwlstons of para�pfi 17. Borrower's covenants and agreements shali be jolnt and several. Any Bortower who co-sl�s thls . . .� '
<br /> Secu�ty Instrument but does not execute the Note: (a)b casi�ing this Securriy Instrument ony to mortgage,grant a,�d canvey • .
<br /> , ' � that 8orrower's interest in the Property under the terms of this Security InsUumen� (b) is not personally obligated to pay the �•� �,;� ��
<br /> ' .� ;� sums secured by this Secudty InsUument; and(cj agrees lhat Lender and any other Borrower may agree to extend,modity, �
<br /> � . i� forbear or make any acwmmodations with regard to tbe terms ot this Security Instrument or the Note wRhou!that Bortowet's ..
<br /> consent � _ ' :
<br /> 13. Loan Cha►gee. If the loan secured by this Securily InsUume�t is subject to a taw which seta maxlmum loan � � . ••
<br /> '` charges, and that law is finalty interpreted so that the�erest or other loan charges collected or to be eoilected in cannecUon . '
<br /> •�; . ' , with the loan exceed the permitted limits,then: (a)ar.y such loan charge shall be reduced by the amount necessary to reduce ..
<br /> � the charge to the permitted limit; and (b) any sums atready collected from Bonower which exceeded permitted limits wi11 �e
<br /> '' � , retunded to Bonower. Lender may choose to make this refund by reducing the pdncipal owed under the No1e or by maWng e � � �
<br /> , . }� dlrect pay�:ent to Bortower. II a refund reduces principal. the reduotion will be treated as a partial prepayment without any � ,
<br /> prepayment charge under the Note. •
<br /> • . ." ,� 14. Notieea.Any notice to Bortowet provided tor in ihis Security Instrument shail be given by delivedng it or Dy malUng it � ' �. ,
<br /> . � Dy Tir�t cta�s mail unless zppiicabte law requires use of anofher method. 7hs notice shall be directed to the Property Address
<br /> or any othar address Bortower designates by noQce to Lender. My notice to Lender shail be given by first class ma31 to
<br /> ' , , Lender's address stated hereln or any other address Lender designates by noUce to Bor►ower. My noUce provided to►in this ��
<br /> ' Security Instrument shall be deemed to have been given to Bonower or Lender when given as provided in this paragraph. . .
<br /> . 15. Governing Law; SeVe►8611ity. Th1s Securiry Instrument shali be govemed by tederal law and the law of the
<br /> . jurisdiction in whieh the Properly is located. In the event that any provislon or clause oi this Security Instrument or ihe Note .
<br /> , 1 con0icts with applicable law, such confllct shall not aftect other provisions ot this Securfry Instrument or the Note which can be
<br /> given eHect without ihe confiicting provision. To this end the provisions o1 ihis Security Instrument and the Note ate declared to ' ,
<br />- ` be severabte.
<br /> � 16. Borrower'S COpy.Bonower shall be given one conformed eopy of the Note and af this Sewrity Instrument. •
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