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<br /> i • Borrower mey cure such a default and relnstate, as provlded In paragraph 18, by causing the actlon or p�oaeding to ba
<br /> + dismissed with e ruling that. In Lender's gaod Iaith dotertnlnatlon, precludea toAeflure of the Borrower's Interest In the Property or
<br /> j other materlal Impelrment of the Ilen crealed by thls Security Instrument or Lender's securlty Interest. Borrower shaN also be In
<br /> delault If Borrowor,during tho ban nppllcatlon process, gave materiaily talee or Ineocurate Infortnetlon or statementa to Lender(or � _
<br /> IaNed to provlde Lender wlth any metedal intormatlon) In connectlon wlth tho ban evldenced by the Note. Including, but not � _
<br /> Iimited to, reprosentaUona conceming Borrower's occupancy of the Properly ea a princlpel residence. Ii ihls Secunty _
<br /> Inslrument Is on e Ieasehoid, Borrower shall comply wilh all the provlslona o1 lhe lease. If Borrower acqulres tee titlo to tha � 1_
<br /> � Property.the leasehold and the fee titie shall not merge unlese Lender aproos to lhe mergor In wrtting. , .
<br /> � 7. Protectlon of Lende�'s Rlghts In the Properly. It Bonower talls to peAorm the covenants and agreementa �
<br /> • � contafned In thls Securiry Inslrument, or thero Is a lagel praceeding that may signfilcantly attect Lender's rtghts in ihe Property �»•
<br /> (such es a proceeding In bankruptcy. probate,for condemnatlon or forlelture or to enforce laws or regulatlons),then Lender mey �
<br /> do and pay tor whatever Is necassary to protect ihe valua of the Property and Lender's rights In the Property. Lender's ections �
<br /> ' eas neble attomeys gt es and e�t ring ny thellP operty tohmeke� pelraV Alth�ugh�Lenderl may ake ct�lunAUndernthlsuparagr ph �
<br /> ” 7,Lender does nol have to do so.
<br /> Any amounts disbursed by Lender under paregraph 7 shall become addHlonal debt of Borrower secured by this Security ,
<br /> Instrument. Unlesa Borrowor and Lender agree to other tertns af paymont, these amounts shall boar Interest irom the date of ,, .
<br /> dlsbursement at the Note rate and shali be peyable,with Interest,upon notice from Lender to Oorrower requesting peyment. �:��.,:; I
<br /> � $. Mortgage 1118U�atICO. If Lender required mortgege Insurance as a conditlon of making the losn sewred by this -,�N'i r:�,r�,.1..
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<br /> Secudty Instrument, Borrower shall pey the premlums requlred to malntaln the mortgage Insurance In ettoct.If. for any reason,the �. __ ----
<br /> . I mortgage insurance coverage requfred by Lender Iapses or ceases to be In eflect. Bartower shall pay the premiums requlred to -
<br /> obtaln coverage substentfally equivalent to the mortgage Insurance previously In effect, at a cost substentlatry equivalent to the
<br /> � coat to Borrower of the mortgage Insurance prevlously In ettect, trom an altemate mortgage Ineurer approved by Lender. If ,�
<br /> , . substantlally equlvalent mortgege Insurance coverage is not evailable. Borrower shali pay to Lender each month a sum equal to
<br /> � one-twelfth of the yea�ly mortgage Insurance premlum being pald by Bortower when the Insurance coverage Iapsed or ceased to
<br /> � � bo In ettect. Lender will accept, use and retain those payments as a loss reserve In Ileu of mortgagA Inaurance. Losa reserve
<br /> peyments may no lonfler be requlred, at the option of Lender, If mortgage Insurance coverage (in the emount and for the porlod
<br /> ¢ that Lender requVes) provlded by an Insurer approved by Lender agaln becomea availabie and is obtained. Bortower ahail pay
<br /> ` the premiums required to malntain mortgage Insurance In eHect, or to provide a loss reserve, untll the requlrement for mortgage �
<br /> . $. insurance ends in accordance with any wrftten agreement between Bortower and Lender or appliceble law.
<br /> °' � 9. (nspeCtfon.Lender or Its agent may make reasonable entries upon and InspecUons of the Property. Lender shall give ' ;,�..
<br /> �� �i Borrower notice at the time ol or pdor to an inspectlon specifying reasonable ceuse for the Inspectlon.
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<br /> 10. Condemnation.The proceeds of any award or clalm for damagec. direct or consequentiai,In connection viith any �„�-
<br /> '�.� condemnation or other taking of any part of the Property, or for conveyance In Ileu ot condemnatlon, ere hereby asslgned end �—
<br /> � shoil be pald to Lender. ��
<br /> � In the event oi e total taking of the Property, the proceeds shall be applled to the sums secured by thls Secudty '�;�
<br /> `� � Instrument,whether or not ihen due, wilh any excess pald to Borrower. In the event of a partlal taking of the Property In whlch i' .?r��
<br /> the falr market value of the Property Immedleteiy before the teking is equal to or greater than the amount of the sums secured :
<br /> - oy ihia Sn���ity Irsin�mart .r.r.:ed!alely trebre rha taking. unless Borrower and Lender otherwlse agree In wrfting, the sums •.'R;.,
<br /> • secured by this Secudty Instrument shall be reduced by the amount of the proceeds muttlplied by the foMOwing vectron: (aj ihe �,�:,,.
<br /> total amount of the sums secured Immedlately before the taking, divlded by (b)the falr market value of the PropeAy Immedlately ir,°
<br /> before the taking.Any balance shall be puid to Bortower. In the event of a partlal taking of the Proper4y In whtah the fair maricet t`��=
<br /> value of the Property Immediately before the taking Is less than the amount ol the sums secured Immedlately betore the taking,
<br /> unless Borrower snd Lender othervvise agree in w�iting or unless appllcable law otherwise provldes, the praeeds sheN bo ,;`'
<br /> applied to the sums secured by thls SecuNty Instrument whethor or not the sums are then due. , r,,
<br /> If the Property is ebandonod by Borrower, or if, after notice by Lender to BoROwer that the condemnor oflers to meke an ,r �•
<br /> � award or settle a clalm for damage3, Borrower feNs to respond to Lender within 30 days after the date the notice Ia glven, �'
<br /> N�•� Lender Is authodzed to collect and apply the proceeds, et Its optlon, either to restoratlon or repalr ot the Property or to the ��.�
<br /> �,. sums secured by this Security Instrument, whether or not then due. -�_-
<br /> Unless Lender and Borrower othervvise sgree In writing, eny eppllcatlon of proceeds to principal shall not extend or
<br /> , postpone the due date oi the monthly payments reterred to In paragraphs 1 and 2 or change the amount of such paymenta ��_...�--�_
<br /> 11. Borrower Not Released; Forbearance By Lender Not a Waiver.Extension ot the time br payment or c=_
<br /> modl0catlon oi amortizatton of the sums secured by this Security Instrument grented by �.ender to any suecessa tn Interest of s� _
<br /> r Borrower shell not operate to release the Ilabllity of the oHginal Borrower or Borrower's succesaora In interest. Lender ehsll not �
<br /> � be requlred to commence proceedings agalnst eny successor In Interest or rofuse to extend time tor paymenl or otherwlse
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<br /> � modify amortlzaUon ot the sums secured by thls Secudty Instrument by reason oi any demand made by the o�iginal Borrower or �,;,�,:____
<br /> � Borrower's successors In Interest. Any fo�bearance by Lender In exerclsing any rlght or remedy shaN not be a walver of or w�:v=- —
<br /> preclude the exerclse of any rlght ar remedy. Co-Si nets. The covenants and ���
<br /> 12. Successors and Assigns Bound; Joint and Several Llability; g — �
<br /> agreements oi thls Securlty Instrument shall bind and beneflt the successors and asslgna of Lender and Borcower,subJect to the ��'_..�
<br /> � provlslons of paregraph 17. Borrower's covenants ctnd agreements shall be Jolnt and several. Any Borrower who co•slgns thls yf� . -,_.
<br /> Securlty Instrument but does r.ot execute the Note: (a) Is co-sfgning thls Securlty Instrument only to mortgage, grant and convey ,. , R�
<br /> that Borrower's hterest In the Property under the terms of thla Securiry Inslrument; (b) Is nat personally obtigeted to pey the .;. � � �'�
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<br /> sums secured by thls Secwiry Instrument; and (c) agrees that Lender and any other Borrower may sgree to eMend, modity, ._;�,�,,f„ .• .
<br /> forbear or make eny accommodatlons wlth regard to the tertns of thls Secudry Instrument or the Note wlthoul lhat Bortower's -�;,
<br /> consent. ,
<br /> 13. Loan Chargea. If the loan secured by thls Sacurity Instrument Is subJect to a law whlch sets maxlmum Ioan .
<br /> charges, and thet law Is ilnelly Interpreted so that the Interest or other loan charges collected or to be colected in connectlon
<br /> with the loen exceed the permltted Ilmlts, then: (a) any such loan charge shall be reduced by the amount necessary to reduce
<br /> the charge to the permined Iimll; and (b) any sums already collected irom Borrower whlch oxceeded permllted Ilmlts wlll be
<br /> refunded to Borrower. Lender msy choose to make thls re(und by reducing the princlpal owed under the Note or by making a
<br /> direcl payment lo Borrower. It a re(und reduces princfpal, the reductlon wIA be treated as a partlal prepeyment wlthout uny
<br />_ I prepayment charge under the Note.
<br /> 14. NOtICes.Any nollce to Borrower provided 1or In this SQCUrity Inslrument shell be given by delivenng il or by mailing It
<br /> by lirst class mml unless appllcable law requlres use ot another melhod. The notice shall be dlrected lo the Proparry Address
<br /> ' or any other eddress Bortower deslgnates by notice to Lender. Any notice to Lender shall be glven by first cless mell to
<br /> � Lender's address steled hereln or any other address Lender deslgnates by notice to Bortower. Any notice provlded for In ttils
<br /> .1 _�_u �....�..........� �..�.e.,o 1.oan nlvan tn Rnrrnwer or Lender when plven es provlded In thls pazagraph.
<br /> i aew�iiy iii5iiuu�ci�i o��o� -
<br /> I 15. Governing Law;ySeverabflity. Thfs Security Instrument sheN be governed by federal law and the law of the �
<br /> � jurisdicllon In whlch the Property Is located. In the event lhat any provlslon or clause of thls SeCUrlty Inslrument or the Note
<br /> � confllcts wfth appltceble Iaw. such conillct shall not allect other provisions of this Security Instrument or the No1e whlch cun be
<br /> � glven eNect without the conllicting provlslon. To thls end the prov�slons of thls Security Instrument and the Note are declared to
<br /> be severable. I
<br /> 18. BOt'�OW8��8 COpy.Borrower shall be given one conlortned copy of the Note and o(thfs Security Instrument-
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