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<br />' � . , ` . � . . h 18, by causing the adion or proceeding to be � � `
<br /> Bortower may cure such a de(auR and reinstate, as provided m paragraP r
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<br /> � dismissed wRh a ruling that.in Lender's good tarth detemiinahan,predudes torfeiture ot the Borrowers interest in th P�Y . `
<br /> � � other material impaim��t of the Ren created by this Seariry Instrument or Lenders securiry interest- Bormwer shaU atso be in � `` -.,, _
<br /> � � ! defauft it Bortowec ducfng the loan spp�ication proeess.gave materiaUy fatse or inaccurate infortnaUon or sffitements to Lender(or �. _' � ;',:;�-.
<br /> , . t failed to provide Lender with any materiat infort�rion� in co�n�n with the loar► e+ddenced by the Note, indud'mg. but n�oil�Y� f - --.- _` -c
<br /> � limited to, representations concaning 8onowe�'s ocwpancy of the Properry es a PrinciPal residence. It this Secun�y—� _ . .
<br /> ,. � Instrument is on a Ieasehoid, Borrower shali compty with aU the pruvlsions of the Iease. lt Bortower acquires tee UUe to the` _ �' :
<br /> . � Property.the leasehold and the tee title sheil not merge unless Lender agrees to the merger in writing.
<br /> i�
<br /> _ . - � T. Protectlon of Lendar's Rights in the Property.tf eorrower taiis to pertortn the covenants and agreemerrts � .
<br /> . :•i contained in this Security instrument, or there is a Iegal proceedmg that maY S��ificenUy eHeet Lender's rigMs m the ProP�Y � i . :
<br /> { (suefi as a procxeduig in banlwptcy.probate,for condemnatlon or forfeihire or to enforce Iaws or regulatlons), then Lender may � i ,
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<br /> � � { do and pay tor whatever is necessary to protect the value of the Properry and Lenders rights tn the Property. Lenders actions � � � N' ,.t; ,
<br /> � , - may indude paying any sums secured by a fien which has priority over this Security Instrumen� app�ring m couA, paying � { . ';� �
<br /> .- '--='�1 reasonabte attomeys' fees and entering on the Property to make repairs.Aithough Lender may take acUan under this parag�aph
<br /> �� � 7.Lender does nol have to do so. ��
<br /> ; My amounts disbursed by Lender under paragraph 7 sha0 become add"itional debt of Bortower seaued hY this Securitl► - �. - - :=;4, _-.
<br /> ? Instrument Untess 8orrower and Lender agree to other terms oi payment these amounts shali bear interest irom the date of .
<br /> Z'` . , , � disbursement at the Note rate and shaU be payabte,with mteresL upon notice from Lender to Borrower requestin9 PaymeM. -
<br /> ' � ' 8. Mortgage dtlsuia11C6. M Lender required mortgage insurance as a cond'iGon at maldng the loan secured by this � }.� �
<br /> t' . � Security InsRument, Borrower shall pay the premiums requQed to mainfair►the moRgage insurance in eftect-►t.far anY reasen,the _ •. .
<br /> i.,. . . i ; :�:,,. .. ..
<br /> moRgage insurance coverage required by Lender tapses or eeases to be in eftect. 8orrower shall pay the premiums required to
<br />.��; � obtain coverage substenUaity equivaler►t to the mortgage insurance prevtousty in eftect. at a cost substantialty equivalent to the � .,:.�
<br />-�y cost to Borrower of the mortgage insurance previousty fn eftecG fi'am an aitanate mortgage insurer approved by Lender. if � ;::��,•-.;
<br /> • substantially equiralent moRgage insurance covera9e is not ava�labie. Borrower shall pay to Lender�ch month a sum ecp�al to ''�!;�;:
<br /> - � oneKweHth ot the yearly moRgage insurance premium being pa3d by Bortower when the insurance coverage Iapsed or ceased to .;✓�-:,� ;,,
<br />'sr• be in effecl. Lender v�nll accep� use and retain these payments as a loss reserve in fleu of mortgage insurance. Loss reserve - --
<br /> ,�, . " payments may no langer be required, at the option of Lender,ff mortgage insurance ceverage(in the amowt and tor the p�iod . _
<br /> that Lender requires) provided by an insurer approved by Lender again 6ecomes available and is obtafied. Bortower shall pay : :_^
<br />=+. : the premlums requlred to maintain mortgage tnsurance in e8ed.or to provtde a loss reserve.untii tfie requtremeit for m.oRgage • °.:;;�fi�
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<br /> ;,}. � • insurance erds in accordanee with any written agreemerrt hetween Bartow�and Lender or appGcabie taw. _, r..—.-.�
<br /> � 9. Inspection.Lender or ifs agent may make reasonable entries upon and'mspectians of the Properiy. Lertder shall give ,� � _,
<br /> ;i, ", Borrower nottce at the time of or pdor to an inspection specitying rpasonable cause for tfie inspectlon. �;;N. . ;-?.�.--
<br />:,� 10. Condemnatton.The proceeds of any award or claim for damages.d"aect ar consecNenUal.in conneclion with any _ _ �.,a�_=
<br /> 1,. � � condemnation or other taking of any part of the Property, or for conveyance(n Geu ot condemnation, are here6y assigned and � :�q,�:.•
<br /> � � shall 6e paid to Lender. `.����'r�
<br /> .r' � In the event of a total tatdng of the Properly. the proceeds shall 6e app0ed to the sums secured hy this Security .r��'-���°
<br /> '�� � InsUument,whether or not then due,with any excess Paid to 8ortower. In the avent of a partial takh�g ot the Propecty in whiefi "." •�
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<br /> :�' ihe fair market vaiue of the Properry immediateiy before the taking is equai to or qreater than the amount of 1he sums secured
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<br />:,•.4, by this Securfty Inspument immediately before the teiting, unless Bortower and Lender otherwise agree in writing, the suma . �`•y�-__
<br /> sec�red by this Security InsWment shall be reduced by the amour►t uf the proceeds multiplied by ths following fractlorr. (a)the - ���.��;--'
<br /> � ' totai amount of the sums secured fmmediately before the taWng, divided by (b) the tair market value of the Properry immediately - � ', �a:''�
<br /> `i F.�if_;'�;_�_
<br /> betore the taktng.As►y balance shall be paid to Borrower.In the everrt af a partial taWng of the Property in which the fafr market ' v�-
<br /> _--' _.. ' ._ relus of the Property immediately betore the taking is less than the amoutrt of ffie sums secured immematery before the teldng. :�,.—�
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<br /> unless Bortawer and Lender othervv(se agree in wriUng or unless applicabte law othe�wise provides, the proceeds shaU be :�-_,-.-,_
<br /> �`i% appCed to the sums secured by this Security InsWment wheiher or not the sums are then due. . ' � ' ��'�
<br /> ::.:�_
<br /> � . M ths P►opedy ts a6andoned by Barrower, or N,after notice by Lender to Bortower that the condemnar ofters to make an ..-
<br /> award or setUe a ciaim tor damages. Borrower ta�1s to respand to Lender wfth(n 30 Qays after the date the noUce is given. ;c���.�,
<br /> � �, ' � Lender is authoiaed to co0ect and appy the proceeds,at tts opUon, either to restoration or �afr of lhe Properly or ta the ,�'s�_-
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<br /> . � sums secured by this Security Insirument whether or not then due. , :;r•:_:.:-
<br /> - . Unless Lender end Borrower otherwise agree In writing, any application ot praceeds to pdncipal she0 not extend ar : -•;• _
<br /> ents reterred to in ara ra hs 1 and 2 or change the amoucrt ot such payments. • ��Y•��
<br /> . � • ' • . ' postpone the due date of the monthy paym P 9 P �,a n
<br /> ` 1 t.Borrower Not Reteased; Forf�earance By Lender Nat a Waiver.Extension ot the tlme tor payment or ::��
<br /> �' modificaw�n of amortlzaUon of the sums secured by this Securiry Instrument granted by Lender to any successor in interest of ..,
<br /> '_`-
<br />, • � Borrower shail not operate to release the tiability ot the odgfnal Bortower or 8ortowets successors in irtterest. Lender she0 not =:_
<br /> ,. ; be required to commence proceedings agaMst any successor in interest or refuse to extend Ume tor paymen! or otherwfse : ••..`,�_
<br /> '�„ . . � modity emoRizaUon of the sums secured by this 3ecuriry tnstrument by reason o}any demand made by the odginal Borrower or
<br /> • ' . Borrower s successors in interest. My forbearanee by Lender in exereising any dght or remedy shall not be e walver o! or :
<br /> ' . � ��' preclude the exerGse ot any dght or remedy. ,. .
<br /> " ' � � 12. Successors and Asslgna Bound; Jolnt and Several Uability; Co-signera Tt+e covenants and . .
<br />�:•�C . agreements ot this Securtty Instrument shatl bind and beneff!the successors and assigns oi Lender end Borrower,subject to the . , •
<br /> provisions of paragraph 17. Bortower's covenants and agreements shail be Jolnt and several. My 8ortower who casi�s this
<br /> • . � • Security Instrument but does not execute the Note: (a)is co-signing this Securfty Instrument only to mortgage,grant and convey
<br /> � � that Bortower's interest in the Property under the terms of this Securiry instrumenk (b) is not personallyl obUgated to pay the
<br /> ^,'.: • .
<br /> � sums secured by this Securtty Instrument; and(c) agrees that Lender and any other Borrower may agree to extend,mnd:.y,
<br /> i torbear or make any accommodaUons with regard to the tertns of this Secu►ity insWment or the Note without that Bortowe�s
<br /> ! consent. .
<br /> ��'��c ' . � 13. Loan Cherge9. H the loan secured by this 9ecurity InsUumertt :s subject to a iaw which sets maxlmum loan , •
<br /> , # charges. and that Iaw is Mally interpreted so that the Interest or other loan charges collec[ed or to be coltected in eonnectlon
<br /> with the loan exceed the pertnitted limits,then: (a)eny such loan charge ahatl be reduced by the amount necessary to reduce
<br /> � �j the charge to the permitted Bmit: and (b) any sums elready coltected hom 8ortower which exceeded pemdtted limita will be . .
<br /> � , � retunded to Bortower. Lender may choose to make this refund by reducing the pdncipal owed under the Note or by making a .
<br /> ' direct payment to Bortower. If e retund reduces principal. lhe reduction will be heated as a pardal prepayment without any
<br /> '• prepayment charge under the Note.
<br /> � 14. NOtiC09.Any notice to BoROwer provided tor in this Securiry Instrument shall be given by delivering it or by maiflng it
<br /> � : � by first ciass mail unless appticable law requires use ot another melhod. The notice shail be directed to the Propertyr Address
<br /> � , or any other address Bortower designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> � Lender's address stated hereln or any other address Lender designates by notiee to 8ortower. My noUce provided tor in this
<br /> � � Secunty Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. '
<br /> 15. Govorning Lauv; Ssvera�ility. This Securiry Instrument shall be govemed by federal law end ihe law of the
<br /> . ..�� Jurisdiction in whlch the Property Is loceted. In the event that any provision or clause ot this Securily Instrument or the Note I
<br /> � � contlicts with applicabla law. such conilict shall not aflect other provisions o1 ihis Security Insirument or ihe Note which can be r
<br />. . given eHect without the confUcting provision. To this end ihe provisions ot this Security Instrument and the Note are deciared to I .
<br /> be severable. � �
<br /> 16. Borrower's Copy.Bonower shall be given one conformed copy of the Note and of thls Securiry Instrument. �
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