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<br />- Borrower may cure such e dofault nnd relnatete. es provlded In per�gnph 18. by causing the actlon or proceedlnp to be ..,�+.,_,�_
<br /> � dlsmisaed with a ruling that.In Lender's good lelth detertnlnatlon,precludea foAefture o1 the Borrower'e htcrost In ihe Property or �,�;!:�.•-_._
<br /> t other meterial Impalrment of the Ilen created by thla Secudty Inatrument or Lender's aecuril�Interest. Borrower shall eiso be In •,r,i,,.'_
<br /> � dofault It Bortower,during the laan applicatlon procesa, geve materlelly taloe o►Inaccurate Intortnatlon or atatementa to Lender(or . �,y,�;�,,
<br /> ' falled to provlde Lendor wlth any materlal Intormatlon) In connectlon wlth the loan evldenced by the Note. Includlnc�, but not
<br /> Iimltod to, representatlons conceming Borrower'n occupancy ol the Property as e pdnclpel resldence. II thl3 £ocudty
<br /> Instrument Is on a Ieasehoid, Borcower ahall compy wlth all the provlslana of the leaeo. If Borrower acqulrea fee iitlo to the �
<br /> � Property,the leasehold and the 1ee�itle ahall not merge unless Lender agrees to the merger In wriling.
<br /> 7. Pratection of Lender s Righte In the Property. If Borrowor tnus to pedorm ihe wve�enta er.d apreementa �
<br /> contalned In this Socurity Instrument, or there ia e Iegnl proceeding that may slgni(icantly aHect Lender';: dghte In the Propurty 1.M1•_-.
<br /> (such as e praceeding In bankruptcy, probata, far condemnatlon or torlelture or to enface laws or reguletlonn). then Lender msy M . .
<br /> �� do and pay lor whatever Is noces.^,ary to protect tha vnluo of the Property end Lender'e rlghts In ihe PropeRy. Lender's acllono C'
<br /> may Include paying any sums secured by e Ilen whlch hns pdoHry over thla Secudry Instrument, appeedng In court, peying � ::;a��_
<br /> ••�!=�_'—
<br /> ..�++�'"� reasoneble attomeys'tees and entering an the Property to make repalr�. Although Lender mey teke eGlon under this paregraph , �;�R_____.__
<br /> •�-�^""'�' 7. Lender does not have to do so. _T`•---_-
<br /> Any amounta dlabursed by Lender under paragraph 7 shell become additlonel debt ol 9artower secured by thls Securlty (� •--
<br /> Instrument. Unloss Bortower and Lender agree to other terms of payment, theso amounts shall bear Interest lrom the date of _"��°� -
<br /> disbursement et the Note rate and shail be payabie,with Interest, upon notice trom Lender to Bortower requesting payment. ;4_
<br /> S. Mortgage (nSU�enC6. If Lender requlrod mortgage Insurance as a condltlon of making the ban secured by this �_ ___
<br /> Security Instrument, Borrower shaA pay the premiums requlred to malntaln the mortgago Insurance In e�ect.If, tor any reaeon,the _- .
<br /> mortgage Insurance coverage requlrad by Lender lapses ar coases to be In eBect,Bcrtower shatl pay the premlums requlred to =__-_
<br /> obtaln coverage substantially equlvalent to the mortgage Insuranca previously in etlect,at a cost substanqelty aqulvalent to the ___
<br /> , cost to Bortower of the mortgage Insurance prevlously In efleot, from an altemate mortgege insurer�ppraved by Lender. If :
<br /> - substentlaly equNalent mortgsge Inauranco coverege Is not avallable, Borrower shall pey to Lender each month a sum equal to '��.
<br /> . .;, one•tweHlh oi the yearly mortgage insurance premium being pald by Bortower when the insurance corerage lapsed or ceased to o__
<br /> r be In nttect. Lender will accept, uae and retain these payments as a loss reserve in Neu of modgage Ineurance. loss reserve n___
<br /> �- paymants may no lon4er be required, at the optlon of Lender,If mortgage Inaurance coverage(I�i the amount and for the pe►iod �•�:-_
<br /> �. that Lender requkesj providsd by an insuror approved by Lender agaln beaomes aveNable and le obtained. Bortower shatl pay �.:_.—
<br /> the premiums requfred to maintein mortgage insurance in et(ecL or to provlde a loss reserve, unUl the requirement tor morigage _
<br /> Insurance ends In accordance wlth any written agreement botween Bortower and Lender or epplfcabie lew. N:•-
<br /> •�� 9. 1118pe0tlOn. Lender or fts agent may make reasonable enirles upon and Inapeotions of ihe Property. Lender shaA give _.
<br /> Bo►rower notice at the tlme of or prlor to an inapection specllying reasonnble cause tor the Inspectlon. —�
<br /> � 10. COndemll8tlo11. The proceeds of any award or clalm for damages, direct or consequenllal, In conneotlon wRh Hny i��.�
<br /> condemnetlon or other taking of any part of the Property, or for conveyance In Aeu of condemnatlon,are heieby asslgned and
<br /> shall be paid to Lender.
<br /> " In the event of a total teking of the Property, the proceeds shall be applled to the sums secured by thla 3ecurity �--
<br /> �� Instrument,wh3ther or not then due, with any excess pald to Bonower. In the event of a partial takYig of tho Properry In whlch
<br /> the fair market value of the Property Immediately before the taking Is equal to qr greater than the amount of the sums secured
<br />- _ - -- �- 6y thlS CE.^.U!!N In91Plmpnt immedlately before the taking, unleas BoROwer and Lender otherwise agree In writing, the sums _
<br /> secured by thts Security Instrument shali be roduced by the emount of the proceeds muttipNed by the toMOwmg iraction: (sj iha
<br /> �� total amount of the sums secured Immedlately before the teking, divided by (b) the falr market value of the Property Immedfately
<br /> botore the teking. My balance shall be pald to Borrower.In the event uf a partial taking of the Properly In which the tair market
<br /> value of the Property Immedlateiy before the taking is Iess than the amount of the sums secured immedletely betore the taking, _
<br /> unless Barrower and Lender athanvise agree In writing or unless applicable law othenvise provldes. the proaeeds ahall be
<br /> applled to the sums secured by thls Security Instrument whether or not tha aums are then due.
<br /> If the Property is ebandoned by Borcower, or if, after notice by Lender to Borrawer that the condemnor ottera to meke en
<br /> award or settle a eiaim tor damages, Bortower ialis to respond to Lender withln 30 days after the date the notice is given,
<br /> Lender Is authodzed to coliect and apply the proceeds,at Its optlon. either to restoretlon or repAir of ihe Propeily or to tNe -
<br /> sums secured by thls Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower othenvise agree In writing, any appNcation oi proceeds to prNcipnl shall not oxtend or
<br /> postpone the due dete of the monthly paymants referted to in paragraphs 1 and 2 or change the amount of �uch payments.
<br /> � 11. Borrowsr Not Relsased; Forbearance By Lender Not a Watver.Extenston ot the tlme tor payment or
<br /> � modi(ication of emortizatian oi tho sums secured by thie Security Instrument granted by Lender to eny auccesaor In intereat oi
<br /> Bortower shali not operate to rolease the Nabillty of the original Borrower or BoROwer's successors In tnterest. Lendtr ohall not
<br /> ` be required to commence proceedings agalnst any successor in Interest or refuse to extend time for payment or otherwlse
<br /> modlfy amortizatlon of the sums secured by this Secutity Instniment by reason o(any demand made by the original Borrower or
<br /> - Borrower's successors in interest. Any torbearance by Lender In exerclsing any right or remedy shaN not be a waiver of or
<br /> preciude the exercise of any dght or remody.
<br /> 12. Succeasors and Assigns Bound; Joint �nd Several Liability; Go-signere. The covenants and �
<br />-• ; � agreements of thls Security Instrument shaN bind and benefit the successors and asalgns of Lender and Bonower, subJect to the —
<br /> provlslona oi peragraph 17. Borrower's covenents and ay�tlr���C���o shstl�� Jolnt and several. Any Bortower who co•slgns thfs _�
<br /> ' Security Instrument but does not execute the Note: (a)Is co•slgning this Security Instrument only to mortgage,grant and convey
<br /> ' that Borrowers Interest In the Property under the terms of thls Securlty Inetrument: (b) la not personally obllgated to pay the =_----
<br /> � sums secured by thls Secudty Instrument; and (c) egrees that Lender and any other Borrower may egree to extend, modity, �-,
<br /> torbear or make any accommodatlons with regard to the terms of this 3ecurity Instrument or the Note without that Bortower's
<br /> consent. """'
<br /> 13. Loen Cha�ges. It the luan secured b this Secudty Instrument Is subject to a law whlch sets max�mum loan —'�'=:_--. -
<br /> �/ .T�.�'_.,..,_
<br /> charges, and that law Is flnally Mterpreted oo that the Interest or other loan charges coNected or lo be coilected In connectlon .u-�°; _..
<br /> with the loan exceed the pertnitted Ilmits, then: (a) any such loan charge shall be reduced by the emount nocessary to reduce `___
<br /> the charge to the permltted Ilmit: and (b� any sums already coWected irom Borcower whlch exceeded permltted Ilmlts will be :-
<br /> retunded to Borrower. Lender may choose to meke thls refund by reducing the pNncipal owed under the Note or by making a
<br /> direct payment to Borrower. If a refund reduces principai, the reductlon wlll be treated as a pwtl�l prepayment wfthout any �, -
<br /> prepayment cherc�e under the Note.
<br /> 14. NOt1Ces.Any notice to Bonower provlded tor In lhls Security Instrument shaU be glven by deYvering It or by malling It
<br /> by ilrst class matl unless applicable law raqulres use of another method. The notice shall be dfrected to the Property Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shan be glven by tirst class mell to
<br /> Lender's address stated hereln or any other address Lender designates by notice to Bortower. Mry notice provlded tor in thls
<br /> �__...,,..�....�....,.....�etie��tio.a>o�,�,od t� hA�a haan nivAn to BoROwer or Lender when piven as provided In this paregraph.
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<br /> �15. Governing Law; Severability. Thls Security Inslrument shail be govemed by tederal law end the IAw of the i
<br /> � Jurlsdlction In whlch the Property Is located. In the event that eny provislon or ciause of this Security Instrument or the Note
<br /> � conilicts with applicable law. such contlicl shaN not aflect other provislons o} this Secu�ity InsWment ur the Note which cain be �
<br /> given eHect without tho confllcting provlslon. To lhis end the provlslons of thls Security Instrument end ihe Note are declared to
<br /> ' be severable.
<br /> 16. BOROw9r's COpy. Borcower shall ba glven one conlormed copy of the Note and of tNS Security Instrument.
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