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<br /> � • Bortower may cure such a delauft and reinstate, as provided m paragraph 18, by causing the aation or proceeding to be ,
<br /> , ' d'ismrsed with a ruling that in Lend2r's good taith detemr:ination. preciudes toAeRure of tfie Borrower's interest m the Properry or _ • „ ` z-
<br /> � other matenal impairment af the flen ueated by this Security InsUVment ar Lender's cewrity interest. 8ortower shall also be in ,' _
<br /> •� detauit d 8ortower.during the laan applic�tion ptocess,qave matetialty false or inauurate mtomt3Uon or statements to Lender(or ` .. -
<br />• ,� tailed to provide Le�der with any materlal ir+iormation) in connection witA the �oan evidenced by the Note. �nduding, but not� •'�� , ,_ _
<br /> ' limited to. repres�tatlons concema�g Borrower's ocCUpancy oi tho PropeRy as a principal resfdence. It this Security ` - - --( -.,`_�
<br /> Instrument is on a leasehold. 8orrawer shsll compiy with aft the provisions o1 the iease. it Bortovrer acqu�res fee tiite to tne 0� , , _ --"�,:
<br />• � , • . . . '�.
<br /> Property.the teasehoid and lAS tee tiUe shall net merge untess Lender sgreec to the merger in wri6ng•
<br /> : i T. Protection �f Lender'8 Rig4fts in the Prope�'ty.If eorrower lails to perform the covenanu and agreemen -
<br /> I contained in thts Security Insttument or there is a legal proceeding ihat may signifitanUy a8ect Lender's rigfits in tAe Prope
<br /> . � (such as a proceedmg in bantuuptcy,probate. for con demna Uan ur fo Aei tu r e o r t o e n t o r c e l av�s or r e gulalions).ihen Lender ma
<br /> do snd pay for whatever is necessary to protect the value ot the Property and lender's rights m the Property lender's aM�on
<br /> � , i may mctude paying eny sums ser.ured by a lien which has pnodry over this Security t�-trume�t• �PV�+9 m court. paym _ __ _�_
<br /> � reasonable attomeys'fees and entenng on the PropeAy to make repars. Atthough lender may te►ce action under th�s psrayrap`� �, �- ,
<br /> , .� �[ . ' •. ..'
<br /> 7 Lender does not have 2o do so. "�'
<br /> � j Any amounts disbursed by Lender under paraqraQfi 7 shalt beeome addi6nnal debt ot Bortower secured by this Secunty • _ _ �•; '_
<br /> Instrument Unfess Borrowet and Lender agree to other terms ot payment these amounts shall bear interes!hom the date of , •.,�t�;.�
<br /> disbursement at the Note rate and shail be payable,with irtterest upon natice hom Lender to Bortower requesting paymem. -�.-�.� ;;
<br /> 8. Mor4gage Insurance. If Lender required mortgage insurance as a wndrtion ot maldng the toan secured by th�s . �.,�y�,; .
<br /> Securiry Insbumen� Bortower shall pay the premiums required to maintam the mortgage insurance m eNect- B.for any reason,the _�•_
<br /> mortgage insurance covera9e►e[Nired by Lender tapses ar ceases to be� effect. Bonower shali pay iha premiums required to ' ; �,,;;`�1��
<br /> • ' obtaln cove�age substentiaUy equtvalent to the mortgage insurance prevtousty in effect. at a cost su6�"'antia:�y equivaiert to the ` •~�::` ;=a_.
<br /> '•:,xR-�r,.y,..,.a�,.
<br /> cost to Borto�ver of the moRgage insurance previousty in etfecK, iram �n w'*.emate mortgage insurEr appmved by Lender. If -•..r` .�. - -
<br /> substanti�lty equivalent mortgage insurance coverage is not ava�lable, Boc2•x�shaU pay to Lend�each month a sum equal to _
<br /> one-tweiflh of the yearly mortgage insurance premium being pa3d by Borrow�when the�rsurance coverage laPsed or ceased to �.
<br />- be in ef4ect Lender w�l aa:ept, use and retain these payments as a loss resecve in C�cL af mortgage insurance- Loss reserve '� .?'_�
<br /> � payments may no long�be required.at the option ot Lender, if mortgage insurance cevera9e Cm the amount and for the period : ;..;''�����_
<br /> . ' that Lender requ'uesj provided by an insurer approved by Lender again becomes availabte and is ohtained. Bortower sha6 pay �.- "� a==��_,,:•
<br /> f � � the premiums requtred to maintain mortga9e insurance rc► eftec�. or to provtde a loss reserve, unUl the requUement for mortgage �`_T�';_-��—�Y�..-.
<br /> .:-�:---
<br /> insurance eeds in accosdance witt�enY written a9reement heiween Borrowc-r and Lender or applicabla Iaw• -;��,,-;Y:_----
<br />. 9. Ingpection. Lender or its agent may make reasonahle entries upon and inspections of the PropeRy. Lertder shaU give -r:�.,..y,• _"•r:_
<br /> Bortovrer notice at the time of or pdor to an inspection spc-dtying reasona�te cause for the inspection.
<br /> �._.... •' ,
<br /> ' 1Q. Condemnation. The proceeds ef asry award or daim ter�r.ages,d'uect or consequent}al. fn connection with any �TM�� '_'i=:
<br /> conderrmation or other taking of atry part of the PmpeRy. or for canrer:�r-��in lieu of condemnaUon. are hereby assigned end ._ �:�"�-•..f-=,•_
<br /> � shall be paid to Lender. ~""'° - •.
<br /> In ihe event ot a total taking of the Property, the praceeds sh� be appiied to the sums secured by this Security • •
<br /> � lnstrument whather or not tfien due,wAh any excass paid to Bortower. In the event cf a partial taking ot the Property in whicfi +. = �
<br /> .:jl�,, +�-. r;r::,
<br /> • the fair markei value oi the Prope�ty immediately betore the taking is equal to or greua•t`�an the amount ot the sums secured 'rt; , x .�, "r' 1'"
<br /> , by this Securiry Instrument immediately Edcra the tatdng. unless Bor:�=r a�d Ler.fer othervvise apee in writing. tfie sums :�'-:jf� t_k��11��_
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<br /> �r1= secured by this Security InsWment shall te r.�duced by the amount ef`°,�proceeds multiplied by tt:°ia..ovdng haction: (a)the ���`'�:�:y::--
<br /> the fair market value �r?t�3 Praperly immediatety . r.�;;� �;:
<br /> total amount of the sums secured immed:�l7�j nefnre tfie taking, div(CEd.�r 1�1 t,,,;(�;'..;y
<br /> betore the taking•Any balance shail be p��a Borrower. ln Gtie avent}s �artiai tatdng ot the Prop�rt� �1 which tfie fair mazket
<br /> • value o}Me Property immediatery before the taking is 1c�t'^.an the a-�_�Y ot the sums secured immedfately betore t�he taldng. .;�,•
<br /> �.� unless Bartoner and Len der o t hervuise a gree in writir.r� v unless �.��:cable law otharvvtse provides. the Proczads shaU be ;{ -
<br /> -���;� appred to the�.-ns secured by this Secur.y instrument whether or co+:':`�e sums are theo due. ;t
<br /> � "r It the Prc�2Ry(s abandoned by Borto.ver. or'rf, after notice by Ls*�:L-a't� Boaower that the condemnor ofters to make an
<br /> ,_��. .
<br /> �`;.•%��,,,��; after the date ffia noUce is given. ��- �
<br /> �;,_G,j� award or s�tde a daim tor aama9es. Borrower fails to respond to �--+��a to res::r�c��or re air of the Properly or to the , :
<br /> ��'��' ''� Lender is a�rthor¢ed to ca��and appty the proceeds, at its option, eit..ar � P _=�::;r>;___�...�;�.
<br /> sums secured by this Secu�:rnstrumen�whether or not then due. •f�"
<br /> �,' Unless Lender and Barrower othenvise agree in writ(ng, any applicaUon of p:o:.eeds to principal shall na; extend or �'� �,�•��
<br /> �.' �`� postpone the due date of the monlhty pay:ra'ts refeRed to in paragrap~s 1 and 2 or change the amou^.2 01 such payments. �•.�i,1 i��"'
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<br /> � � 11.BcQrower Not Released; �.�earance By L.er���e dti:ot a Waiver.�Extension c¢`ihe time for payment or � ;�����r�
<br /> moditicatlon o1 amortaation of tha sums seaured by this Security Ins��t granted by Lender to an} successor in interest ot '�'.�iY'y�:rr,:a;
<br /> Bortower sha0 not operate to release the Gabffdy of the cr.,inal Borrower or Bortovier s successors in interesl. Lender sha0 not t�r.�i�{�
<br /> ' :i�,,,: "
<br /> " ' be requtred to commence proceedings against enY s�:rressor in interest or refuse to extend time tor payment or otherwise '
<br />; , modity amostizallon of the sums secu►ed by this Security Instrument by reason of any demand made by the original Borrower or � ;;..
<br /> .�M•�{'�^s r_.
<br /> ' Bortawefs successors in interest Any ta:'�earance by Lender in erm�r_'.ng any dght or remedy shall not be a v�aiver ot or • + -
<br /> , '..f�^,: ..•„,{a,::r.:
<br /> .� predude the exercfse of any dght or remedy. • • ' ' ' 1"�"•
<br /> 12. Successor� and Assigns �ound; .dofnE and ffc�r�aval Uabiiity; Casigners.rne covenants and .,3�n���.`���:.
<br /> agreements ot ihis Securiry Instrument shall bind and benefit the successors and assig�s of Lender and 8ortower.subject to tha :. ..'•.;r �••;..
<br /> ` �:..
<br /> provlsions of para�apb 17. BormHers covenants and agreements shzD be Joint ar.�several. Any Borrower who co-slgns this 7
<br /> ' gecurity instrument but does not execute the Note: (a) is co-signing Uii�Security Instrument only to moRgage,grent a�d wnvey t�:.��'�..
<br /> .:� �k'��
<br /> that Borrower's interest in tho Property under the terms oT this Sea:rry 'r�-humenY. (b) is not personatly onGgated ta pay the ,�,;:_
<br /> sums secured by this Sew�ly Instrumenx and (c) agrees that LenCc�r and any alher 8orrower may agree to extend morLty. ..�+`�a_.
<br /> .YA��.
<br /> _ ,, torbe2�or make any accommodaUons with regard to the tertns ot this Security Instrument or the Note without thai Bortowers ' .,� �
<br /> 'i�
<br /> . consent. �
<br /> � 13. Loan Ch8fg89. If the loan secured by this Security Instrument is subject to a law whicA sets ma,c:�r:um (oan + +�-+
<br /> � charges.and that law is flnalty interpreted so that the interest or other Ioan charges collected or to be coRected in connect:on {�;-
<br /> '�`� with tfie Ioan exceed the pem�itted limits. then: (a)any such loan charqe shail be reduced by the amount necessary to reduce � - i��`
<br /> .:;:�;.,
<br />� ��+•� the charge to the permitted I1mA: and (b)any sums already collectcd from Bortower whtch exceeded permitted Gmits will be r.,,,,;,;,;;��r=
<br /> �• refunded to Borrower. Lender may choose to make thts retund by reducing the pr?ncipal owed under the Note or by malting a ��;T.:
<br /> • ' direct paymynt to Barrawer. Ii a refund reduces principnl. the reducdon wi8 be treated as a paRi�i prepayment wiffiout eny
<br /> �r�+u�a��-
<br />: prepayment chnrge under ihe Note. �_`�' ..':.�:• .
<br /> :�.�..�_��.:.:�
<br /> � 14. F�Cff�98-My nottee to Bartower provided tor in this Securfty InsVUment shall be given by delivering it or Dy maiGng it _,�_�,,,r �,.,.
<br /> ' by first cla..45 mail unless epplipbte ta�v requlres use nf enolher method. The noUce shall be directed to lhe Propertyr Address _..:,.
<br /> . � or any other address Bortower desi�e tes by no U c e t o L e ndec M y notice to Lender chall be given by first class mail to .~,�';.:,;:_�;.;�. __
<br /> • !� Lender's address stated here;n or any other address Lender designates by notice to 8ortower. Qny rtotice provided for in ihis :.� i� :;a . :,,
<br /> � • Security Instrument sha0 be deemed U�have been given to Bonower or Len der w hen given as provided in this p a r a q r a ph. �%Y+r���
<br /> 15. Governing Law: Severabilifiy. This Seadry Instrument shall be govemed by tederal law and tfie law o1 Ihe . '.
<br /> ,' judsdiction in v�hich the PropeAy is located. �n the event that any provisfon or clause ot this Security Instrument or the Note : '�z'y',r
<br /> � contlicts with appGcable taw. such contlict shall nat aftect other provisions oi this Securiry tnstrument or the Note vrhich can be , ,:•'
<br />� � . given eftect wAhoul the contliciing provisian.To th�s end the prowsions ot thls Securiry Instrumeni and the Note are dedared to -. .
<br /> bo severabte. � - �
<br />.: 16. Borrower'8 COpy.Bortov�er shall be g�ven one contormed copy o1 the NoLe and of this Secunty Instrument. �
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