|
�
<br /> � ,ti ��:'=:
<br /> h,.' . ' .. . . ... i� �' . i �.,��. � r.�
<br /> ., � - '�r ' ' '
<br /> � .i _. . , _ . ., W..r,�,.. - .. - '�{�� ` ��,.. _..
<br /> r.��_.:__�''
<br /> Borrower muy cure such e default and relnstete. es provkled In paragraph 18, by causing the actlon or proceeding to be
<br /> dlsmissed with a ruling thet, In Lenders good fa�lh del9rnihallon, precludes forfeiture of the Borrower's Intorest In the Property or
<br /> other mnterl¢I Impairmen�t 1heh o b^epP'�ed n proce5s,agav'o materiemy�alse ae^tlaccu ntau�nt ormat�ont ors ta ements to Lendere(or � ; .�
<br /> tle�ault If Borrower, du B n connection with the loen evidenced by the Note, fnclading, but not
<br /> falled to provide Lendor with eny material informauon)
<br /> • Iimited to, repreSentatlona concerning Borrowers occupancy of the Property as e principel residence. If thls Securfty
<br /> Instrument Is on a leasehold, Borrower shall compN wbh all the provlslons of the lease. If Bo�rower acqulres fee tit�a to the .
<br /> Property,the leasehoid and the fee tit�e shall not merAa unless Lender aprees to tne merger in wrtUng.
<br /> 7. Proteution of Lender's Riqhta IIl th� Propet�y. If Borrower falls to pertorm the covenanis and agreements �
<br /> contafned In thls Securily Instrument, or there is a Iegal prxeoding that mey slpnifbflntly aHect Lender's rights in the Property �
<br /> (such us B Por whstever Is�neCest 8ryt0 proteCtrthe eNenof the Propertyrand Lentler�s rph as�n t1 eflF operty' tLondeesdnct ons f�
<br /> do and pay -
<br /> may Include paying any sums secured by a I�en xhich hes prlorfty over this 3ecurity Instrument, eppearing In oourt, pay��9 Q
<br /> -�+^°"`� reasonable 8ttorneys' tees and entering on the Property to make repe�rs. Although Lender mey take aCtlon under this paragraph �
<br /> `'� 7,Lender does not have to do so. „
<br /> Any amounts dlsbursed by Lender under paragraph 7 shall become additlonal debt of Borrow9r secured by tlils Security
<br /> Instrument. Unless Borrower and Lender agree to otF�er terms of payment, these amounts shall bear interest from the date ot _
<br /> disbursement at the Note rate and shall ba payable,with�nterest,upon notiCe trom Lender to Borrower requesting payment.
<br /> � 8. Mortgege Ifl6U1'Esh�• e the premumsaetNl�da9a manteln the mortgagettinsu anceeni eNect If,for any reason, t e -__
<br /> Security Instrument,Borcowe p Y
<br /> mortgage Insurance coverage requlred by Lender Iapses on$�egnce prev ously lo effectrr at es cost sub tantialtym quNalent t dthe -_
<br /> obtafn coverage substantlally equNalent to the morlgage ._
<br /> cost to Borrowe�eo�nLh�rt 8geg„sunance o e ageu shnot available�8ararower95hale pay toBLender eachpm nth a sume qual to
<br /> substantlaliy equ 9
<br /> one-twe�th of the yearly mortgage hsurance premhim being paid by Borrower when the Insurance coverage lapsed or ceased to
<br /> be In eHect. Lender wll aCCept, use and reteln these payments as a loa�resarve In Ileu of mortgctge �nsurance. Loss reseNe
<br /> + payme�nderr 8e uoes) g ov ded byran�insu ee �apiproved`bydLendemaga�gb comes avallabie andi istobta nednt Borr wer shA I pay ,
<br /> that Le U P� �
<br /> insu ancet ndsenu ccorda cenwith eny w�rtten agraeement betweeo Bto owerdand Lendeeor appucabie a,N.Qutrement for mortgage �,_
<br /> �. 9. It18PeCtiOtl.�ender or Its agen t may m ek e ressonable entries upon and inspectlons of the Property. Lender shall give
<br /> Borrower not�e at the ihne of or prlor to an Inspecl�on specHying reasonable cause for the Inspection. �__�
<br /> 10. Condemnation.The proceeds of any awerd a cialm for damages, direct or consequentlal, In connection Kith any �Y—
<br /> � condemnation or other taking of eny part of Ihe PropeRy, or for canveyance in Ileu of condemnation, are horeby asslgned and
<br /> ,� shall be paid to Lender. ��__
<br /> In the event of e total takhg ot the Property�lhe proceeds shall be epplled to the sums�Secured by this��h�h �--
<br /> � Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partlai takin of the Property _.
<br />— �- tr�a fa`mar::ot •ra�e o�ehw Property Immedialely before the taking Is equel to or grester than the amount of the sums secured —
<br /> r by this Sscurity Instrument Immedk�tely before the teking, unless Bonower and Lendni uther.v�ss agr�° !� wrH�9: the sums
<br /> � � secured by thls Securdy Instrument shall be reduced 6y the amount of the proceeds multlplied by the following fraatloMmodiately
<br /> �, total amount of the sums secured Immedlately belora Iha teking,dlvMed by (b) the fsir market value of the Property
<br /> before the tekhg.Any balance shall be pald to 9arower. In the event of a partlal taking of the Property In wh�h the falr morket
<br /> �; valuA of the Property Mmedlately betore the taktng is less than the amo�abo�t�W sotherwlseurp ov des,d�thetypboceedsh shaA�be
<br /> uniess Borrower and Lender otherwise agree in wrYBg or unless app
<br /> applied to the sums securad by lhis Security Instroment whether or not the sums are then due.
<br /> � If the Properly is ebandoned by Borrower, a If,alter nottce by Lender to Bonower that the condemnor oHers to make en
<br /> award or settle a claVn for damages, Borcower lalls to respond to Lender wlthin 30 days after the date the not�e is given,
<br /> Lender is aulhorized to colleat and epply the prxaeds. at its optlon, e�her to restaratbn or repak of the Property or to the
<br /> sums secured by this Security Instrument,whether or not then due.
<br /> � Unioss Lender and Borrower othenvise agrea h writing, any appl�ation of proceeds to prinCipal shall not extend or
<br /> postpone the du Wef NOt RCIE88@tle',yFO bearance BypLender Not e2Waiver9�enston or cne ttme o8ypeyment Or
<br /> ;,� 11. Borro
<br /> � modif�ation of amortiratlon of the sums securAd by Ihls Security Instrument granted by Lender to any successor In interest of
<br /> Borrower shall not operate to release the Itability of the orbinal eorrower or Borrowers successors In Interest. Londer shall not
<br /> be requlred to comrnence proceedings aganst any successor In Intorest or refuse to extend time for payment or othenvlse
<br /> � ��` modi(y amortlzation of the sums secured by this SecuRy Instrument by reason of any demand made by the orlginal Borrowor or
<br /> f Borrower's successors in Interest. Any tor�earence by Lender in exerclsing any rlght or remedy shali not be a walver of or �'_
<br /> � preclude the exerdse ot any right or remedy.
<br /> 12. Successors and Assigns Bound; Joint end Severel LlabElity; Co-signers. The covenants and �.�-
<br /> - • $• ugreements of this SeCUrity inst�ument shall bind and benefR the sutcessors and assigns ot Lender and Borrower, SubJect to the ._
<br /> ^ provfsbns of paragraph 17. Borrower's covenoMs and egroements shall be Joint and several. Any Borrower who co•signs thfs =-n
<br /> Securdy Instrument but does not execute the Nole: (8) is co-signing this Security In3trument ony to mortgage,grant and convey �-_'_
<br /> that 8orrower's Hterest In the Property under the te�ms of this Security Instrument; (b) Is not personaliy obligated to pay the �_,�_
<br /> sums secured by this Security instrument: and (c)agrees thctt lender and any other Borrower may agreo to oxtend, modl(y, �,_
<br /> . forbear or make any aCCOmmodations w{th regerd to tha terms of this Securiry instrument or the Note without that Borrower's .v`, �Y�13
<br /> consent.
<br /> 13. LOan Ch9�ges. If the loan secured by th�s Security Instrument Is sub�ect to a Iaw whlch sets mexknum loan -,��'�"
<br /> charges, and that law Is ��ally Intorpreted so that tne interest or other ban Charges collected or to be collected M conneClion _
<br /> with the loan exceed the perm�ted Iimits, then: (a)any such loan charge shall be reducetl by the emount necessary to reduce
<br /> the charge to the permitted Nmit; and (b) any sums atready coMected from Bortower wh�h exceeded permitted ifmitmak'in be ' .
<br /> refunded to Borrower. Lendc3r may choose to meke Ih is refund by reduCing the principal owed under the Note or by 9
<br /> direct payment to Borrower. If a refund reduces principai, tho reduction will be treated as a pflrtlal prepayment without any
<br /> prepayment charge under the Note.
<br /> 14. Notices.Any notice to Borrower provided for In this Security Instrumont shall be given by delivering �t or by malling 8
<br /> by first class mafl unless epp��abie taw requires use of another mothod. 7he notiCe shell be directed t0 thefPsO C�SgAmafeto
<br /> or any other address Borrowor designates by notice to Lender. Any notiCe to Lender shall be gNen by
<br /> ..,,�.,.. �,o.o�, �� A�� nrhar address Lender designates by not�Ce to Bortower. Any not�Ce provided for In th�s
<br />— � �vn�et'S du'."'.�63� ...,....,. ..—•-- - - • ----._.
<br /> ' Sucurity Instrument shall be deemed to have been given lo Borrower or Lender when gNen as proviaea in�nis pa�nyi6N�.
<br /> 15. Governing Law; Severabflity.rn�s Security Instrument shall be governed by federal law and tho law of the
<br /> � jurisdiction in which the Property �s loceted. In the event that any provision or Clause of this SeCUrity Inst�ument or the Note
<br /> grve'n'CeH Ct wehout Ine onflfctmg prov5lon.hTO 11'�rc ndtthehpro sfons of t IshSeCUeityrinstr�umente9nd the Note a ehdecla ed bo
<br /> I I
<br /> be Severable. I
<br /> I �
<br /> i 16. Borrower's Capy. Borrower ShaN ba gNOn one conformed copy of Ihe Note nnd o�this Security Instrumen . I
<br /> L �C*
<br /> - f'aqo J�� S —�i-�' .�''-
<br />� 1+lt�,1M111�n/�
<br /> ��!�'. '
<br /> � _. __. .__ __...
<br /> �J__
<br />
|