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<br /> ' Bortower may cure such a default and remstate. as provided m paragraph 18, by causmg the acUO� or proceed�ng to be �•
<br /> ' dismissed with a culing that in Lender s good 1adR detemunatior, predudes forfrature ot the Bo=e'�S �Borc wer shalf at oebe m -��. .� � ^ W
<br /> other mstedal impairtnent o}the iien creaced by this Securrty Instrument or Lender's security� �;:,,,.•. _
<br />- defautt if Borvower. dunng the loan epp�ication prov-.,ss. gare materiairy talse or maccurate mtorrreaLon ar statemenu to Lender (or �N��,, , . _
<br /> 4,. tailed to provide Lender vrith any material mfarmatian) m connection with the Ioan evidanced by the Note. inctuding. but not ,x,,y','r;, � �
<br /> ::;� .. �
<br /> Iimited to. representaUons conteming Borrower's occupancy of the Property as a princiAal residence. it this Securrty �
<br /> Instrument ts an a teasehold. 0orr�wer shal! compty wRh ell the prov�sions ot the lease. it Bortower acquires fee title to the ___ _ ;:
<br /> Property.lhe leasehatd end the fee tiUe shaii noi merge unlass lender agrees to tAa rr�rger+n-�r+t�s�8• ` ��-
<br /> 7. Protecttca of tensler's Righ3s in the Property.�f eorrower ta�7s to pertorm the covenants and agreements
<br /> contained in this Sewrity �nsVument, ar there is a legal ProCeed'ing that may significantty aftect Lendar's nghts m the Propenll , ,
<br /> (such as a proceeding m bankruptcy. probate.for condemnation or tor(eihire or to enforce laws or regutat�ons).then Lender may
<br /> , � do and pay tor whatever�s necessary lo protact the vaiue of the Property and Lender's r.ghts in the Praperty Lender s actions t, .
<br /> - � may inGude paying any sums secured by a lien whsch has pnonty ovar this Securiry Instrument. appeann9 in court. pay�ng
<br />- � reasonable attome�rs'fees and entering on the Rroperty to make repairs. E1lthaugh Lender may take action under th�s paragrapA I ` _
<br /> 7. Lende�daes rtot have to do so.
<br /> Any amounts disbursed by I.endar undet para9raPh � shall become addrtional deCt of Bortower seatred by this Securily ,
<br /> InsVument Unless Bortower and Lender agree to other terms of payment. these amounts shail bear interest from the date ot •s
<br /> disbursement at the Note rate and shall be payabie.wdh interest upon notice hom Lender to Borrower requesting Payment ,
<br /> 8. Mortgage I�suranee. It Lender required mortgage insurance as a co�dRion uf maung the toan secured by this , _ _ _
<br /> ' Securily InsVument. Barrower shall pay the premiums required to maintain the moRgage insurance in effect. ff.tor any teason.the •�. � ,.. '
<br /> mortgage insurance coverage required by Lender lapses or ceases to be in eftect. Borrower shaU pay the premwms requ:red to �1��
<br /> ',;' � obtain coverage substantiaUy equivalent to the mortgage insurt�ce previously in eftect. at a cost substantialy equivatent to the . " - � f�.-. ;_`
<br /> , cost to Borrower af the mortgage insurance previousty in G`Fs2 from an alterrate mortgage insurer approved by Lender. N r
<br /> substantiatty equivulmt mortgage inswance coverage is no t avai l a b l e.B o r ro w e r s h a l l p a y t o L e nder each month a sum equal to .��e���
<br /> onetwelftfi of the yeady moRgage insurance premium being p�id by 8ortows when the insurance coverage lapsetl or ceased to -•* -
<br /> . be in e((eet Lender wi!I eccept, use and retain "*ese paymeMs as a loss ^�e in lieu of mort�ge insurance- LoSS reserve U:�. --�.'�"'.:-�
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<br /> • payments may no longer be required,at the cFVcre of Lender, if martgage insurance coverage Cn the amount and tor the penod , ,��_�.; _
<br /> that Lender requires) pm�ded by an msurer a�roved by Lender again 6ecomes avaitable and is obtained. Borrovrer shall pay , _.
<br /> the premiums required to maintain mortgage msurance in efted. Pr to provide a loss reserve. until the reqairement for mortgage , .
<br /> insurance ends in sccordance wRh any wriiten a,eement between BoROwer and Lender or applicable law. } tl :'��`--
<br /> Lender shaff give ._ `�'-—�.�-
<br />-- - 9.InspeCtton.Lender or its agerrt ma� rrace rea�onabie entries upon and'mspectlons of the Properiy _ - ,.:�i._
<br /> 9ortower noUce at the time of or prior to an in�.c-ciion spedtying reasonable cause tor the inspedion. -:-"� �9�
<br /> 10. C041demnatlOn.The proceeds af a�y award or ciaim tor damages, direct or consequential, in connection with any ; �,�.;,_
<br /> � condemnation or other talcing of any part ot the Properry. �' r�r conveyance in lieu of cec+i�-tnnation, are hereby assigned and ..y :�_: _
<br /> � <' � shait be pafd to Lender. '"''�' ' � '
<br /> %' ' In the event of 9 total taldng oi the Properiy. the ��2ds shal{ be applied to the sums secured by this Security �•i• � 3
<br /> Instrumen�whciTar or not then due,with any excess Paid to BoROwer. In`�e event of a partial taking of the Properry in which
<br />' the fair mazket'r�^se Ot the Properly IrtIrtlEdiatr��. �•:fere the taking is equ:i �� �'g�ter than the amount of the sums sewred
<br /> by this Securiry Instrument immediately betore :^e takng. ur.less BorrowFr ...�� Lende' othenvisihe to�Ilowin fraction:he(a)the ,��� �-
<br /> • � secured Dy th(s Securiry Instrumen t s h a l l be re d u ce d b y t h e�m o u n t o f t h e p ro c e e d s m u S C.Q d y 9 =��.. � .1� : . �� �_
<br />� - total amount of the sums secur..d immediatery hetore the tatc.g. divided hy(b) the fair .r���value of the PropeRy immedi�tety '�,�,��.;�7
<br /> " betore the tald�g.AnY balance shal!be pa3d to Borrower.In Y.�e event of a partial taltin9 �°��+'Property in which the talr market ,.;
<br /> �:
<br /> � value oi the Property immediately before the taking is less than the ama:ct ef the sums s�cured tmmedai�ty before the taldng, y. .^�,
<br /> � unlesa Bortower and Leader otherw(se agree in writing ar untess alspL`�'��> law othenvise provides. �i'n proceeds shall be % �+:,
<br /> :' a�
<br /> �� �spiled to lhe sums secured by this Security Instrument whether or not the s:r.^s are then due. � .. _ .d��:-
<br />�- - :f the Prope�ty is absndoned by Bortower. or if,after ncYce by Lender to BOR6`N9I:'17=1I18 condemnor ofters to make an ;i ;
<br /> � award or settle a clalm for damages. Borrower faits to respond to Lender within :a:� crys after the date the noUce is given. � �'--
<br /> Lender is auth^.r�s� to collect and app l y t he procee ds. a t i t s o p U o n, e i t her�o c�:x'�nyz or repair of the Properiy or to the � ��'�:
<br /> " sums secu:ed b3 fnis Secu�j instrument,wheiher ar not then due. ° -='--'1��
<br /> I�ca:;o� of raceeds to principal shail not extend or '���
<br /> '' Unless Lender and Bc�wer otherwlse agree fn wrtting, any app' P . ,
<br /> .: postpone the due date ot the*�anthty payments referred to in paragraphs 1 and 2 or eh2r�e the amount o1 such payments. ' ,� •�_—
<br /> "�' 11. Borrowar Nmi�t�iraase�; Fortsearance By Lender Plot a Wa�soP.'�xtension of the Ume for payment or _
<br /> � mod'ficaUon of amortbsUon o'F t,e sums secured by this Security InsUument granted by Le'der to any successor in interest of �"';^�:�;#—.�,�_°z
<br /> 8orrower shall not operate to release ihe li�Uity o1 the odginal Borrower or Bortowers successors in interest. Lender shall not -
<br /> be �equired to commence proceedings zgai�:x. any successor in interest or retuse to e;dend Ume �cc ,�ayment or otherwlse _ _
<br /> �'�.� modfty amoetizaUon o}the sums securad�y���Secudry tnabument by reason of eny demand made 4:�y��:odginal Bortower or
<br /> . Eosrower's successors in irtfr�.�-�. My forbearance by Lender in exercisfig any rlght cc �a:�edy st�aU not be a waiver of or .4 ; �, _
<br /> +� . preClude the exercise ot any�ight or remedy. ,,,.�;.
<br /> � • 12. �ucces.ors and Asstgns Boundl; JaitaC and Several Uability; Co-signers.The covc�,rr.-s and , _
<br /> agreements of this Securriy Instrument shati bind and benefit the successars and assigns of Lender and Borrower,subJeet to the ;�,___..��.�'
<br /> pro�lsios�s of paragaph 17. Borrower s covenants and agreements shail be joint and several. Any @orrower who co-signs this _ _` '�� " _
<br /> . �. Secu r i t y InsUument but does not exewte the Note: (a)is co-signing this Sewrity InsVument onry to mortgafle,grant and convey r:��-;
<br /> that Borrower's► Interest in lhe Properry under the tertns of this Security Insirument: (h; •� not personally obligated to pay the �=�;., �
<br /> sums secured by this Security InsUumenh, and(c) agrees that Lender and any o*.ha��nower may agree to extend, modlfy. r�N�•r�
<br /> � forbear or make any accommodations wRh regard to the terms of this Secudty Insbu:ra�'i or the Note wtthout that Bortower's �,�rof.�,t+���:;_
<br /> . «..,....,,-.�+�...�..
<br />, . . '.;t,1 consent. :-�-„-,.»;...K;.
<br /> 13. �oan Charges. H the loan secured by this Security Instrument is subject to a law which sets maxlmum loan .
<br />� charges. and that law Is flnaity inte�preted so that the interesl or other loan charges cclacted or to be caileded in connection �
<br /> u.ith the loan exceed the perr.Ked Iimris, then: (a)any s�G' toan charge shall be re6ar;�{by the amount necessary to reduce "" x'' ��•
<br /> tf�e charge to the pertnitte�t �Iriir and (b) any sums aru�Cj co�lected from Borrower n'�,ieh exceeded pertnitted 1:c�,t':• wW be ::,,y�.*,:�;�=_.� :
<br /> retunded to Borrower. Lendr-s -�ay choose to make this :c'.-�nd by reducing the pdnciFc swed under the Note or by ralting a :;� ��,�,,;,_..
<br /> dlrect paymeni tc Eortewer. If a refund reduces principal, the reducticr• �vill be trea*.•aC as e partIal prepayment wit�out an/ . ,___,. �
<br /> � prepayment ci:uue ccder t?:e Note. • ' ' • , _
<br /> 14. NOtiC@3.My rcaee to BoROwer provided tar in this Security instrument sha:l be given by�'r+wering it or by mailing it = „
<br /> " by iirst class mail unless n�.+:Vabte law requires use o1 another method. The noticQ s��c(t be directed to ihe PropecT,+ Address + ^
<br /> or any other address 8osm�+er des lgna tes by no t ice t o L e n d e r. M y n o ti c a t o L an�r s shall be g iven b y first cezss mail to _ .
<br /> Lenders address stated herein or any other address Lender designates by notice to E�:�wer. My notice provided tor in this
<br /> Security InsWment shall be deemed to have been given to Borrower or Lender when given as prov i de d in t h is p a r a g r a ph. . _
<br /> ' ' 15. Qaverning Law: Severability. This Security Insirument shail be gavemed by tederal law and the law o1 the
<br /> jurisdiction in which the Propertyr is located. In the event that eny provision or clause of this Security Instrument or the Note
<br /> contlicts with appficabte law, such contlict shail not af�ect other provisions of this Security Instrument or the Note whleh can be
<br /> glven effect without the conflicting provislon. To this end the provisions o1 this Security InsWment and the Note are dectared to . . i
<br /> � be severable. •
<br /> �� 16. BOfrOWe�'s Copy. Bortower shail be giae� one contortned copy ot the Note artd ot this Security Instrument. �
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