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<br /> ' Bortower mey cure such a defauft and relnatate, aa provided in paregrnph 18, by causing the actton or proceeding to bs •.��a_,�:�y�.
<br /> � dismisned wNh e ruling thal.In Lender's good laith detertnlnation,precludes forfelture of the Bortower's Intereat In tho PropeAy or � �:,�,;:
<br /> other m�te�l Impalrment oi the Nen created by thls 3ecurity Instrument or Lender's eecurlty Interest. Oorrower aheil also be in
<br /> dotault tl Borrower, during the loan applicatlon procesa,geve meterlalty telse or Inaccurate I�ifortnatlon or statementa to Lender(or � �
<br /> lalled lo provide Lender with any materlal Inlortnatlon) In cannectlon wlth the loan evldenced by ihe Note. Including, but not � I
<br /> Ilmited to, represdnletions conceming Bortower's occupancy ol the Property as a princlpal resldence. N thls Secudty � _:
<br /> Inatrument Is on a teasehdd, Bonower shall comply with alI the provisionn of the leaee. If Bortower acqulres fee title to the � Y_
<br /> Properry, the leesehold and ihe tae title shnll not merge unless Lender agroea to the merger in wdting. �
<br /> 7.P►otection of Ls�dor'a Rlghts tn th� Property. It eorrower tans to peAortn the covenants and agreementa �
<br /> � contnlned In thls 8ecurlty Instrument, or there Is a legnl proceeding that may slgniilcantly attect Lender's rlghts In the Prope►ty
<br /> � (such as a proceeding In benkrupicy, probate,for condemnation or fo►felture or to enlorce lawe or regulntbne),then Lendor may � ' ••
<br /> do and pay tor whatever ia necessary to protoct the value ot tho Property and lender's �lflhts In the Property. Lender's actlone ,
<br /> _ may Indude paying any suma secured by a Ilen which has pdodry over thls 3ocudty Instrument, appeartng in couR, paying O ,_-.-�
<br /> �' �, reasoneble ettomeys'tees and enteHnq on the Properry to make repelrs. Although Lender may teke actlon under thla paregrnph
<br /> 7, Lender does not have to do so.
<br /> My amounts dlsbursed by Lender under paragraph 7 shall become edditlonal debt of Borto�ver secured by this Security
<br /> Instrument. Unless Bortower and Lender agree to other tertns of payment, these amounts ahall bear Interest from the dnte of __
<br /> disbunement et the Note rate end ahall be payable,wtth Interest, upon notice from Lender to Bortower requesling payment. � _
<br /> • 8. MOrt$ege II1sUranas. It Lender requlred mortgago insurance ea a conditlon of making the loan secured by thle �:
<br /> 9ecurity Inatrument, Bonower shall pay the premfums requlred to malntaln the mortgage insurance In eHect. If,for any reason,tho � •1
<br /> mortg�ge Inaurnnce coverage requlred by Lender Inpses or ceases to be In etteot, Borrower shaN pay the premiuma requlred to .
<br /> obtain coverage substantlally equlvalent to the mortgage Insurance prevlousiy In e He c t, a t a co s t s u b s t antla q y e quNalent to the .• „
<br /> cost w Borrower of tha mortgage insurance prevlausly in effect, trom an eltemate mortgage Insurer appraved by Lender. If , ,-��
<br /> substenttaly equlvalent mortgage insurance coverage Ia not avalleble, Bortower shall pay to Lender each month a sum equal to ,�,� .-
<br /> � one-twelith of the yendy mortgage insurance premium being pald by Bortower when the Insurance coverage lepsed or ceaaed to ...�.�1�,
<br /> � be in eHect. l.ender wilt aceept, use and retein theae payments en a losa reaerve In Ileu ot mortgage insurence. Loas reserve ��::-
<br /> payment3 may no longer be required,at tha optlon of Lender, tl mortgage Insurance coverage pn the amount und tor the perlod ,+F`.,:
<br /> that Lender requh�es)provlded by an Insurer approved by Lender again becomas avellable and Is obtalned. BoROwer shall pay ,_�,;�.:
<br /> � the premfums requlred to mainteln mortgage Insurance In ettect, or to provtde a loss reserve,untA the requlrement for mortgage •:,._
<br /> � Insurence ends in accordanr.e with any written agreement between Borcower and Lender or applicable law. . .
<br /> 9� Inspectloll. Lender or ka agent may make reesonable entrles upon and InspecUons of the Property. Lender shall gNe _
<br /> Bonower notice at the time of or prior to an inspection specltying reasonable cause for the Inspection. _
<br /> 10. Cendemnetion. The proceeds oP any award or ciaim tor damages, dkect or consequential, {n connecUon with any __
<br /> � condemnatbn or other taking of any part of the Property, or tor conveyance In Ileu of condemnation, are hereby easlgned and i
<br /> shali be pald to Lender. ----
<br /> � In the avent of a totai teking of the Property, the proceeds shali bv applied to the aums secured by thls 3ecudiy
<br /> Inat�ument,whether or nol then due,wRh any excesa pald to Bonower. In the event of a parHel taking oi the Property in which
<br /> the 1dr me�cet value ot the Property Immedlately before the taking Is equai to or greater then the amount of the sums sacured _
<br /> � Ly th;; ^,��s;fly lnatnsmeat lmmedlete�y hetore the tekina. unless Borrower and Lender othenvlae agree In writing, the aums -
<br /> secured hy this Security Insttument shall be ruduced by the amount ot the proceeds mufGpiled by the touowing fraction: (ej ihn ` _
<br /> ' total amount of the suma secured Immedlately before the taking, divided by (b) the fair market value of the Property Immedlately _
<br /> ' before the taking. My belance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair marlcet �
<br /> � value af the Property Immedlateiy before the taking is fesa than the amount ot the aums secured immedlately before the taking,
<br /> � unless Bortower and Lender othervvise agree In writing or unless applicable law otherwise provldes, the proceeda ahell be
<br /> _ appYed to the sums secured by this Security Instrument whether or not the sums ere then due. �::_ _
<br /> � �, If the Property Is abendoned by Borrower, or Ii, after notice by Lender to BoROwer that the condemnor ofters to make an ��_;
<br /> award or settle a clalm tor demages, Borrower falis to respond to Lender within 30 daya after the date the noUce is qiven, �.�•..
<br /> � Lender is authorized to coliect and apply the proceeds, at ita option, either to reatoratlon or repair of the Propetly or to the � `
<br /> �� sums secured by thls Security Instrument,whether or not then due.
<br /> A, �•;..
<br /> Unless Lender and Borrower otherwlse agree In writing, any epplicatlon of proceeds to p�fnclpal ehall not axten or �
<br /> �� posipone ihe due date oi the monthly payments refeRed to In paragraphs 1 and 2 or change the amount of auch payments. E;,.
<br /> . 11.Borrower Not Rsleesed; Forbearanee By Lendor Not s W�Ivsr.Extenston of the time tor peyment or �_
<br /> � � modificatlon of amortizatlon of the aums securad by thls Securfty Instrument granted by Lender to any succeseor In Interest of __
<br /> . Borrower shaA not operate to release the Ilabiilty of the original Bonower or BorrowePs succesaors In Intereat. Lender shall not _
<br /> � be requked to commence proceedings against any auccessor In Interest or retuse to exlend tlme tor payment or otherwise
<br /> � mod�ly amortization of the sums secured by this Security Inatrument by reason of any demend mada by the origlnal Borrower or
<br /> • � Bortower's successors In Interest. Any forbearance by Lender In exerclsing any right or remedy shall not be n waiver of or —
<br /> prechide the exercise ot any right or remedy.
<br /> 12. Successora and Assigna Bound; Jofnt and Several Uebility; Co-signers.The covenants and �_,-__ __
<br />' . � agreements of this SecurNy Inawment shall btnd and beneflt the succesaors and assigns of Lender and Bortower,subject to the �Ta; . -
<br /> f prorlsions of paragraph t7. BoROwer's covenants and agreements ahall be Jolnt end severnl. Any Bortower who caslgns thla '� ��
<br /> •? Searfty Instrument but does not execute the Note: (a)Is co•stgning this Security InstrumeM ony to mortgage, grant nnd convoy ,y,'�,, ��,��1�::
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<br /> that Bortower's interest In the Properiy undar the terms of this Securlty inetrument; (b) Is not personaily obllgated to pay the • a••
<br /> sums secured by thls Security Instrument; and (c) agrees that Lender and any other Borrower may agree to ^�tend,modity, '� i�;•
<br /> � forbear w make any accommodations wfth regard to the terms of this Secu�ity Instrument or the Note without tiiat Bortower's „ �,R-;si.
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<br /> consent. ,t '.'�:: '-
<br /> 13. Loan Chargea. If the loan secured by thls Securiry Instrument Is subJect to a law which sets maxlmum loen ��;•4;;.. V .
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<br /> • charges,and that lew Is ftnally Interpreted so that tho Interest or other loan charges collected or to be cdlectsd in connecdon �•'��,��,�. ^�
<br /> with the ban exceed the permltted Ilmits, then: (a) any such Ioan charge shall be reduced by the amount necessary to reduce • �
<br />_ the charge to the permltted Ilmit; and (b) any sums already collected irom Bortower whkh exceeded pertnitted Umlts wlll be
<br />- refunded to Borrower. Lender mny choose to make this refund by reducing the principal owed under the Note or by making a
<br /> dfrect peyment to Borrower. If a refund reduces principal, the reductlon wlll be trented as a partlal preptsyment �afthout eny
<br /> prepayrnent charge under the Note.
<br />- 1 4.NOtICeB. Any notke to Bortower provided for in thls Securlty Instrument shell be gNen by dellvertng�t or by malling It
<br /> by�rst cless mafl uniess appliceble law requfres use of another method. The notice shall be directed to the Property Address
<br /> or eny other addross 8orrower designates by notice to Lender. Any notice to Lender shau be given by first class mell to
<br /> Lender's sddress steted herein or any other address Londer deslgnates by notice to Borrower. Any notice provlded for in this I
<br /> �_���._�__.....a•.. �e„e ti�., „�„w�fr, annnwer or Lender when aiven as provided In this paragreph. � _
<br /> �� 5Q411tl1y itl[Si1VtItCl�l attan vo��v�.rvv.�. .....- -".. o.._.. .- -.-------='-..
<br /> - 1 b. GOVerlting L.aw; SAVe�ebllity. Thls Security Instrument ahail be govemed by tederal Iaw and tho law ot the !
<br /> Junsdictlon in whlch the Property Is locuted. In the event that any provislon or clause ot this Security Instrument or the Note i
<br /> conAlcts with appNcable law,such confllet shall not a(loct other provlslons of thls Security instrument or the Note wh!ch can be , ,
<br />� given etlect without the conflicting provislon. To this end the provislons o1 thls Security Instrument and the Noto are declared to !
<br /> ` be severoble.
<br />_ 'i 6. BOY�OwO�'8 COpy. Borrower shall be given one contormed copy ot ihe Note and oi thls Security Instrument. �
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