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<br /> I • Bortower may cure auch a defauft and relnatate,as provlded in paragraph 18, hy causin� the action or proceeding to be J
<br /> � dismisaed wtth a ruling thet, In Lender'�goad fatth determinetlon, precludes forfefture of the Bonower's Interest In the Property or _
<br /> other meterlal Impalrment o1 the Ilen created by thls Security Instrument or Lender's secu�iry Interest. Bortower ahall aiso be In
<br /> � default I1 Bortower, dtiring the loan appYcatlon process.gave materlally talse or Inaccurate inlormatlon a gtatements to Lender (or C� � _
<br /> I failed to provlde Lendar with any materlal iniormetlon) In connectlon with the loan evidenced by tho Noto, Including, but not� �
<br /> iNmited to, representatlona concemfng Borrower's occupancy ol tho Property es a pnncipal resldence. If thls Securlry � , -
<br /> � Instrument Is on a leseehold. Borrower ahall camply wfth au the provlslona o1 lhe lease. If Borrower acqulrea feo tltle to thq, �
<br /> � Properry.the leasohold and the fee tltle ahall not merge unlesa Lender agrees to the merger In wnling. � (
<br /> 7. Protsctlon of Landsr's Rights ir�the Property.n eorrower tatis to periorm the covenanta and agreements �•••
<br /> I contelned in thla Security Instrument, or there fs n legal proceeding that may slgnHicantly aBect Lender's rlghts In tho Property N
<br /> (such as a proceeding in bankruptcy, probate, for condemnatlon or forlelture or to enforce laws ar regulatlons).then Lender mey
<br /> � do and pay lor whatever Is necessary to protect�he value of the Property and Lender's rights In the Property. Lender's ectlons �
<br /> � easoneble att meys 8fees nd e t ring ny the'iProperty to meke�repalrsV AlthougheLenderl may t ke actonaundernthisUpareg elph � .. -
<br /> 7, Lender does not have to do so. �
<br /> My amounts dlsbt�raed by Lender under peragreph 7 shall become additlonal debt of Borrower secured by thls Securtty
<br /> Insirument. UnlRSa 9orrower and Lender agree to other terms of payment, these amounta shal bear interest hom the date of „
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<br /> disbursement at the Note rate and shap be payable, wilh interest.upon notice trom Lender to Barower requesting peyment. .., :�
<br /> 8. Mortgage 111auraltCe. If Lender required moAgage inaurance es a condition of making the loan secured by this , •_�
<br /> . � Security Instrument. Borrower shaA pay the premiuns requlred to malntaln the mortgage Inaurance In eifeat.It, for any reason,the l�.::r
<br /> mortgage Inswance coverage required by Lender lapses or ceases t o be In eiteat, Bonower shel paY the premluma requlred to ,�,�. _:-
<br /> obteln covernge substantlally equlvalent to ihe moRgege insurance prevlously In ettect, at a cost substantlaily equlvalent to the ._
<br /> coat to Bortower of the mortgage Insurance prevlously In eHeet, from an attemate moRgege inaurer approved by Lender. If ,
<br /> substentlally equivalent mortgage Insurence coverege is not available. Borrower stiaY puy to Lender eaeh month a sum equal to _ _
<br /> one�lwelfth of the yearly mortgage insurance premlum being pafd by Bortawer when the Insurence coverage lepaed or ceased to : , .
<br /> s be in efloct. Lender wlll accept, use and retain these payments as a loss reserve In lieu of mortgage Insurance. Losa reserve '
<br /> paymenta may no longer be requlred, at the optlon of Lender, if mortgage Insurance coverege (In the amount and for the period '�
<br /> thet Lender requlres) provided by on insurer approved by Lender again becomes avallabls and Is obtalned. BoROwer shall pay .,.
<br /> the premluma required to malntaln mortgage insurence In eHect, or to provide a loas reserve, unUl the requirement tor mortgage +�,..�^_
<br /> � Insurance ends in accordance wlth any written agreement belween Borrower and Lender or applkeble law.
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<br /> ' 9. Inapeation. Lender or Its agent may meke reasonable entries upon and Inspections of the Property. Lender shall glve :•;,jY
<br /> Borrower notice at the time of or nrlor to an Inspectlon specHying reasonable c�use for the Inspeation. to
<br /> � ; 10. Condemnation. The proceeds o�t eny eward or clalm tor damages, direct or consequentlai,In connection with any ; :``
<br /> . condemnation or other teking �f any part of the PropeRy,or for conveyance In Ileu of condemnatton, are hereby assigned and '��.: ;,�.
<br /> � sheM be paid to Lender. �
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<br /> In the avent oi a totai taking of the Property, the proceeds shall be appGed to the suma secured by thla Security ��
<br /> • �{ ', Instrumen�t,whether or not then due,wfth any excess pald to Borrower. In the event of e partiel taWng of the Property in whtch �: :---.
<br /> I the fair market value of the Property Immedlatety before the taking Is equal to or greater than lhe amount of the sums aocured �,.,. t_�
<br /> �; bv thls 3ecurity Instrument immediatoy before the taking, unless Borrower and I.ender othenvise agroe �n writing, the aums ,�
<br /> S secured by this Security Instrument shell be reduced oy ifia amuu�ii ot the procacdt mu!!p!!�d�; th?teMnwing iractlon: (a1 the �r�x
<br /> ; totel amount ot the sums secured Immedietely before the taking, divlded by (b) the fair merket value of the Property immedlately r �b,�ti
<br /> tbefore the taking. Any balance ahall be pald to Borrower. In the event ot a partlal taking of the Property In which the falr market y� ;�F,
<br /> b value of the Property Immedlately before the taking Ia less then the amount of the suma secured immediately before the taWng, _
<br /> unless Borrower and Lender otherwise agree In wdting or unless applicable Iaw otheiwlse pravides, the proceeds ahnil be .�� �,;_
<br /> t applled to the sums secured by thls Secudry Insirument whether or not the sums are the�i due. .; ,
<br /> 'f Ii the Property Is abandoned by Borrower,or if,after notice by Lender to Bortower that ihe condemnor ottera to make an �; __
<br /> i , award or settle a clalm for damages. Bortower fails to respond to Lender withln 30 days eAer the date the notice Is ghren, •
<br /> • � Lender is authorized to collect and apply the proGeeds, at Its option, either to restoratlon or repak of the Property or to the .
<br /> - t � sums secured by thls Secudty Instrument,whether or not then due. �`�'-��—
<br /> � � Unless Lender and Bortower othenvise agree In wdting, any application ol proceeds to ptincipal ahall not extend or ��__� _
<br /> postpone the duo date ot the monthly pnyments reterred to In paregrapha 1 and 2 or chenge ihe amount of such payments.
<br /> �t 11. Borrower Not Released; Forbearance By Le�der Not a Walver. Extension ot the tlme for payment or �„�
<br /> r modiflcation of amortlzatlon of the sums secured by thls 3ecurity Instrument granted by Lender to eny auccesaor fn Interest of �,
<br /> ' ' Borrower shali not operete to release the uabiliry of the otlginal Bomowor or Bortower's auccessors in fnterest. Lender ahall not —
<br /> ' ; be required to commence praceedings againsl any successor In Interest or retuse to extend time for paymont or othenvise _�
<br /> • : moclffy amortiZation of the sums secured by thla Securlty Inatrument by reason of any demand made by the orfglnal Bortower or �_� __ _
<br /> �, ; BorroweYs successors In Interest. Any forbearance by Lender In exerclsing any dght or remedy shau not be a walver ot or � � -
<br /> prQClude the exerclse oi any right or remedy. _
<br /> 12. Successors and Assigns Bound; Joint and Several Liabllity; Co-signers. The covenants and —_
<br /> egreements of thls Security Instrument shell bind and benefit the successors end assigna of Lender and BoROwer,subJect to the =_��
<br /> � provlslons of paragraph 17. BoROwer's covenents and agreements shall be Joint and several. Any Borrower who co•signs this � -T
<br /> Securiry Instrument but does not execute the Note: (a) is co•signing this Secu�ity Instrument only to mortgage, grent and convey � . •c�,:-
<br /> thet Borrower's Interest In the Property under lhe tertns of this Security Inatrument; (b) Is not personally obligated to pay the ;���. �,;�C+�
<br /> , sums secured by this Security Instrument; and (c) agrees that Lender and any other Bortower may agree to extend, modity, �"^
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<br /> forbear or make any accommodetions with regard to the tertns of thls 5ecurity Instrument or the Note without that Borrowers - � .
<br /> consent. °�#!` ..
<br /> 13. Loan ChBrgee. It the loan secured by thls Security Instrument Is sub�ect to a law whlch sets maxlmum loan
<br /> � chnrges, and that law is finally Interpreted so that the Interest or other loan charges collected or to be coAected In connection
<br /> with the loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount neCessary to reduce
<br /> � ihe charge to the permitted Ilmit; and (b) any sums akeady collected irom Barower whlch exceeded pertnitted Ilmlts wlll be
<br /> relunded to Borrower. Lender mey choose to make this refund by reducing the prfncipal owed under the Note or by making a
<br /> ' direct payment to Bonower. If a refund reduces principal. the reductlon will be treated as a peRfel prepayment wRhout any
<br /> prepayment charge under the Note.
<br /> 1�1. NOtIC9S.Any notice to Borrower provided for in this Security Instrument shal be giren by delivering It or by mafling it
<br /> by (irst class mafl unless applicable law iequire3 use of enother method. The nolico shall be dlrected to ihe Property Address
<br /> or any other address Borcower deslgnates by notice to Lender. Any notice to Lender shell be given by tirst class mail to �
<br /> � Lender's address steted herein or any olher eddress Lender designates by notice to Borrower. My notice provided for in this �
<br /> ' Securitv Instrument shall be deemed to heve been given to Borrower or Lender when ghen as prorlded in thls paregraph.
<br /> . . .. . .�.. •"�___I 1_... .....1 1Mn In.0 �� �I�u . ...._ __'-__
<br /> � 15. Governing Law; Sev61'8bllity. This Security instrumenc sneu oe govn��vv uy ��.��a� �o.. ..,•� •..� -.. -. ...- ` - �
<br /> �unsdiction in whlch the Property is localed. In the ovent that eny provislon or clause of this Security Instrument or the Note i
<br /> conflicts with applicable law, such conflict slie� not affec� othar prowsions ol this Secunty Inslrument or the Note which can be i
<br /> grven eflect wdhout the contlicting provis�on. To thls end the provislons of this SecuHty Instmment and the Note are declared to
<br /> br severable- �
<br /> 16. Borrower'3 COpy. Barrower shall be given one conlormed copy oi Ihe Note �nd of Ihis Secunty Instrument.
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