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<br /> � � Bartower may eure auch a delauft and relnatate, as provlded In paregraph 18, by causing the actlon or prooeading to be �.�-�
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<br /> dismlesed wlth a ruling thet. In Lender's good falth determinatlon, precludea torfelture of ihe 9orrower's Interest In the Propeiiy gr . .• .+�
<br /> other materlal impalrtnent ot the Ilon created by this 3ecurity Instrument or Lender's security Interest. Bortower shall also be b ` -_
<br /> detnult i( Borrower, durfng the Ioan eppllcatlon proceas, geve materlally false or Ineccurato Intortnetton or atatementa to Lender (a -
<br /> Inlied to provide Lender with any matnrlal Informatlon) In connectlon with the loan evldPnced by the Nate, Including, but no� • . ..
<br /> Ilmited to, representations concerning Borrower's occupancy ot the Property as a principal resldonco. It this Secudry , _
<br /> '' Instrument Is on o Ieasehold, Borrowar ehall compty with all the provlslons of the lease. If Bortower acqulres feo title to the � _
<br /> Property,ihe lesaeho�d and the fee title shall not merge unless Lender agrees to the merger In wrlting.
<br /> 7. Proteutton of Lender'a Rlghts IIt the P�operty. If 9orrower talls to perlorm the covenanta and agreemenia C�
<br /> � contnined in thls Securlty Instiument, or there Is a legal proceeding thet may slgniflcantty effect Lender's righta In th� Prop�erty _
<br /> (sur,h as e proceeding In benkruptcy, probate,for condemnalion or torfelture or to eniorce lawo or reguiatlons),then Lender rney
<br /> - do and pay ior whutever Is necessnry to protect the velue of ihe Properry and Lender'c rlghts In the Praperty. Lender's actians
<br /> ;' may Inctude paying any sums aecured by e Ilen which has prlorily over thla Securiry Inatrument, appearing In coun, paylnA Q
<br /> J��„ reasonable attomeys' tees erid entering on lhe Property to make repairo.Although Lender may take actlon under thls peregraph
<br /> � 7. Lender does not have to do so.
<br /> � "'.'""�, Any amounta disbursed by Lender under paragraph 7 shall become additlonal debt of Bonower secured by this�ecu�ly
<br /> Instrument. Unless Burrower end Lender agree to other tertna of peyment, these amounts shail bear Interest from the date of
<br /> disbursoment at the Note rate and shell be payable,with interest, upon notice irom Lender to Borrower requesting payment. ,:
<br /> S. Mortgage In8U1'i111Ce. If Lendor requlred mortgage Insurance as a condlUon of making the loan securad by lNs
<br /> Secudty Instrument, Borrower shall pay the premiums required to mainteln the mortgage Insurance in eftect. If, for any reaeon. Ne ��;-
<br /> mortgage Inaurance coverage requlred by Lender lepses or ceases to be in eifect, Borrower ehell pay the premlums requked to c..
<br /> ' obtain r,overage substantially equlvalent to the mortgage Insurance prevlousiy In eHect, at a cost substantlelly equNalent to Ihe �;
<br /> ° cost to 8orrower oi the mortgage Insurance prevlously In effect, trom an aitemate mortgage Insurer approvod by Lender. If `
<br /> subslantially equlvalent mortgage Insurance coverage Is not available, Borrower shall pay to Lender each month a sum equal to �
<br /> ��' one�twelflh of the yearly mortgage Insurence premlum being pald by Bortower when the insurance coverage Iapsed or ceased to
<br /> � be In eHect. Lender w1A accept, use and retaln these payments as a bss reserve In Iieu of mortgage insurance. Losa reserve
<br /> � + paymenta may no ionger be requlred, at ihe optlon of Lender,ii mortgege inaurance covsrage (in the amount and lor the pe�lad
<br /> ° � that Lender requires) provided by an insurer approved by Lender agatn becomes avallable and is obtained. Borrower ahail pey
<br /> the premlums requlred to malnteln mortgage Insurance In eHect, or to provide a loss reserve, until the requirement for mortc�age
<br /> Insurence ends In accordance wlth any wdtten egreement between 8orrower and Lender or appllcable lew.
<br /> �� ' 9. 111spectloll. Lender or its agent may make reasonable ent►fes upon and Inapeatlona oi the Properly. Lender sheil gNe �—
<br /> Bortower notice at the time of or prfor to an Inspectlon specNying reasonable cause for the Inspectlon.
<br /> 1 O.Co�demnatton.The proceeds of any award or cialm for demages, direct or conaequentlal, In conneclion wilh any
<br /> , condemnetlon or other taking oi any peR of the Property, or for conveyance in Ileu ot condemnatlon, are hereby asslgned and
<br /> shaW be peld to Lender. --
<br /> ,i • In the event of a total taking of the Properly, the proceeds shall be applied to the suma seoured by this Secudly
<br /> Inatrumant,whether or not then due, wRh any exaeas pald to Bortower. In the event of a pertial teking oi the Property in wNch
<br /> �� the fair market value of the Property Immedletely before the taking Is equal to or greater than the amount of the suma secued _
<br /> _,_,_ - ._ by this SecudN Instrument Immedlately beforo the taking, unless Bortower and Lender othenr�ise agree In wdting, tha sums _
<br /> secured by this Security Instrument sheY be reduced by the amount of the proceeds multlplleq dy tne foiiowing irection: �aj ti�e --
<br /> total amount ol the sums secured Immedlateiy bofore the taking, dNided by (b) the teir marlcet velue of the Property immedialely `—'-
<br /> before the takhg. My balance shall be psid to Borrower. In ihe event of a partial taking of the Property In whlch the tair market �
<br /> ` vaiue of lhe Properry Immediately betore the taking Is less than the amount of the aums secured immedlately betore the teldng.
<br /> unless Borrower end Lender othervvise agree in writing or unleas appllcable law otherwise provides, the proceeds shall be
<br /> eppYed to the suma secured by thls Security Instrument whether or not the sums are then due. �-
<br /> ' If the Property Is abendoned by Bonower, or B, after notice by Lender to Borrower that the condemnor oNe�s to make an -
<br /> � award or settie a cisim for damages. Borrower talls to reapond to Lender within 30 days after the date the notice Is ghen. •
<br /> • ' Lender Is authorized to collect and apply the proceeds, at Its option,either to restoratlon or repalr of the Property or to Ihe
<br /> ' sums seeured by thls 3ecurity Instrument, whether or not then due.
<br /> Unless Lender ond Borrower othenvise agree in writing, any appllcatlon of proceeds to principal �hall not extend or
<br /> postpone the dus dete of the manthiy payments referred to In parag�apha 1 and 2 or change the emount of such payments.
<br /> 11.Borrower Not Reteased; Forbearance By Lender Not a Walver.Extenslon of the time 1or paymcn�or
<br />- modiflcatlon of amortizetion of the sums secured by this Security Instrument granted by Lender to any succesaor in Intereat of
<br /> Borrower shaA not operate to release the Ilability of the o�iginel Bonower or Bortower's suacossors In Interest. Lender ehall not
<br /> �� be requked to commence proceedings egainst any succossor in interost or refuse to extend time tor payment or othervdse
<br /> modity amortlzation of the aums secured by this Security Instrument by reason of eny demand made by the origlnal Bortower or —.
<br /> Bortower's successors In interest, My torbearance by Lender in exercising any right or remedy shall not be a waNer d or
<br /> preclude the eacerclse of any right or remedy.
<br /> � 12, Successors and Assigns Bound; Joint and Severel Liabiltty; Co-signers. Tho covenents end
<br />' ;f agreements o1 this Secudty instrument shall bind end beneflt the successora end asslgns of Lender and Borrower,eubJect to the �`
<br />_ . provlslons ot per++;ranh t7 Rorrower's covenants and aqroements shell be Jolnt end several. Any Bortower who co•slgnE ih(s
<br />_ �� •� Security Instrument but does not execute the Note: (a)Is co•siflning this Security Instrument only to mortgage, grant and conrey
<br />= thet Bortower's interest In the Property under the tertns of thls Seeurily Instrument: (b) Is not personally obllgated to pay Ihe __ __
<br /> . sums secured by thls Secudty Instrument; and (c) agreas that Lender And any other Borrower may agree to extend,momfy,
<br /> forbear or mako any eccommodations wlth reyard to the terms oi this Security Inatrument or the Note wlthout that Borrower's
<br /> consent. -
<br /> 13. Loan Charges. Ii the loon secured by thls Security Inetrument Is subject to a law whlch sets maxkiwrrt loan _
<br /> cherges,and thet lew Is flnally Interpreted so that the Interest or other loan ch�rges coYected or to be collected In wnnac�on =
<br /> wlth the loan exceed the permitted Iimita, then: (a) any such Ioan charge shali be reduced by the amount necessary to reduce
<br /> = the chergo to the permitted Iimlt; and (b) sny sums already collected irom Borrower whlch exceeded permitted limlts w0 be
<br /> re(unded to Borrower. Lender may chooso to make thls refund by reducing tho principal owed under the Note or by making e
<br /> " ! direct payment to Borcower. Ii a retund reduces principal, the reductlon wlil be trented as a partial prepayment wRhout any
<br /> ! prepayment charge under the Note.
<br /> � 14. NOttCes. Any notice to Bortower provided for fn thls Secutlry Instrument shall be gfven by dellveHng It or by malNng it
<br /> _ by first class mall unless appllcable law requlres use of another method. The notice shall be directed tu tho Property Address
<br /> or any other address Borrower deslgnates by nolice to Lender. Any notice to Lender shall be given by flrst class maY to ,
<br /> � Lender's address stated herein or any other addross Lender deslgnates by notice to Bortower. Any notice provided tor in ihis �
<br />- c���r�w i��t��man►ahan bo deemed to have been nlven to Borrower or Lender when fliven as provided In thls paragraph.
<br /> ' 15. Cioverning Law; Sev8�8bility. Thls Securiry Inatrument shall ba govemed by federal law and lhe law d the � -
<br /> ; Jurisdictbn In which the Property ts located. In tha event that any provlslan or clause of this Security Instrument or the Note
<br /> conflicts wfth epplicable law, such conilict shall not af(ect other provisions of this Security Instrument or the Nota wh�h can be
<br /> given eHect without the conlYcting provision.T� thls end the provisions ot this Security Instrument and the Note are deciared to
<br /> .. be severable.
<br /> 16. BOrt'oW@r'S Copy. Bonower shall be given one con(ormed copy oi the Note and of this Secu�ily Insirument.
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