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<br /> � Borrower may cure such a delault and refnstate, as provided In peragraph 18, by caus�ng the actbn or proceedfng to be . -
<br /> ; pismssed with a ruling that, fn Lender's good talth determinatlon, precludea foAequre of the Borrower's Interest h the Property or I . .
<br /> � other meterial knpevment of the Ilen crqated by this Security �nstrument or Lender's securay interest. Borrower �hall also be��
<br /> ! defeuR if Borrowor,durinp the loan appllcation procesS, gave materleuy telse or Inaccurate information or stcttements to Lender(or �
<br /> ' • lailed to provide Lender with eny materlal InfOrmetbn) in connectbn with the ban evidenced by the Note, �ncbdfng, but not � �
<br /> � wmeed to, reprosentntlons conCeming Borrower's occupanCy of the Property as a Pr�ncipal resldence. II ihis Security � „ T.
<br /> ' Inslnxnent is on a Ieasehoid, BorrOwer shell COmply with 811 the provi5lons ot Ihe lease. If BorrOwer aCquires �ee ti119 to Ihe A ^
<br /> � Proporty.lha leasehold end the foe title Shall not merge unless Lender agrees to lhe merger in wrung. �
<br /> I 7. Protection of Lender's Righta in the Property. �! Borrower tn��s to pertorm ine covenants and agreements ,
<br /> � conla�ned �n this Securily Insirument, or Ihere is a bgal proCeeding that may sgnificently aNect lender's rights in ihe Property �
<br /> � Iguch es a p�oceeding in bankruplCy, probate,lor condemnatlon or foAeiture Or to enforce laws a reguletionsl, then Lender may �
<br /> I
<br /> do and pny �o� whatever is necessary to proteCt the value of the Property and Lender's r'ghts in Ihe Property. Lender's BCtions ,;+
<br /> 1 maY include pnying 8ny sums Secured by a hen which has prionty ovor this Socurily �nstrumenl, appenrmy in court, paY��9 _
<br /> � I reesonable attorneys' fees and ontering on the Property to make repairs. ARhough Lender may teke aCtion under Ihis paragraph '
<br /> 7,Lender does not have to do so. � .'t-
<br /> Any amounts disbursed by Lender under paragraph 7 shall become additWnal debt of Borrower secured dy this Security �` .--
<br /> Instrument. Unless Borrawer end Lender agree to other terms of payment, these amounts shallboar interest from the date of �.�-__
<br /> disbursement at the Note rate and shall be peyable,wfth Interest, upon not�e frOm Lender to Borrow9r requestlng peyment. i -.�;f�,'�.�u.-�
<br /> 8. Mortgage Insurance. If Lender requlred mortgage Insurance 8s a conditlon of ineking ihe loen secured by thls I _..?�:
<br /> � Security Instrumen6 Borrower shall pay the premlums required to maintain the mortgage tnsurance In eMect. If,for any reason,the _ ____
<br /> �� malgage insurance coverage requked by Lender lapses or ceases to be In eHect, Borrower shau pay the premlums requlred to _
<br /> oblain covereye substantially equNA�ent ro the mortgage hsurance prevlously In eHect, el 8 cost substantially equivaient to the ��
<br /> cosl to Borrower of the mortgage msurance prevbusly In e(fect, from an aftemate mortgage insurer approved by Lender. If
<br /> substantlally equNa�ent mortgsge Insurance coverage Is not avaliable, Borrower shall pay to Lender each month a sum equal to .
<br /> onedwelkh of the yearly mortgage insurance premlum behg peld by Borrower when the insurance coverage lapsed or ceased to
<br /> be in eHect. Lender wYl accept, use and retaln these payments as a bss reserve In Iieu of mongage Insurance. Loss reserve
<br /> parments may no longor be required, at the option of Lender, if mortgage insurance coverage (in the emounl and for ihe period
<br /> that l.ender requkes) provlded by an insurer epproved by lender again becomes avallable and is obtaned. Borrower shull pny
<br /> the premlums requlred to maintain mortgage Insurance in eNect, or to provide a loss reserve, umY the requirement for martgage _---_
<br /> insurance ends in accordance with any written agreement betwean Borrower and Lender or appliceble law.
<br /> 9. In8QeCti0I1.Lender or its egent may make reasonabla entries upon and Inspectlons of Ihe Propedy. Lender shall give
<br /> Barower notfce at the time of or prbr to an Inspectbn speci(ying reasonabie cause for the Inspeclbn.
<br /> 1�i � 10. Condemnetion.The proceeds of any award or clalm for damages, dkect or consequentlsl, in connection with any i_
<br /> ' � ca�demnat�on or other taking of any paR of ihe Property, or for Conveyance In Iieu of Condemnatlon,are hereby assigned and `.�—
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<br /> .i sheA be paW to Lender.
<br /> i In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by thls Security
<br /> Instrument,whether or not then due, wah any excess paid to Borrower. In the event of a partial taking of the Property �n whiCh �,y
<br /> �I the fak market vawe of the Property immedlately be(ore the taktng is equsl to or greater than the amount a�the sumS Secured p_
<br /> � by this Security Instrument Immediately before the taking, unless Borcower and Lender otherwise agree h writing, ihe sums ��
<br /> SBCU�Bd by thiS 58CUrqy instrumdni ahm�t8�Bdi7CCd by:!?8 8mn�nt n}thn proceeds multiplied by the(ollowing NaCtlon: (a)the r,���� -
<br /> totel amount of the sums seCUred immedlately before the taking, dNitled by (b)the fafr market vebe of the Property Immetl�atety
<br /> b�[�a���-
<br /> belore the taking.Any balance shell be pald to Borrower. In the event of a paRlai taking of the PropeRy in whlch the tair market - _ �,
<br /> veWe ot the Property Immedlately before the tak(ng is less than the amount of the sums secured immediately before the taklne, �_�-�
<br /> unless Borcower and Lender otherwise agree in writing or unless appl�abie law otherwise provides, the proceeds shaN be ,�;:_
<br /> epplied to the sums seCUred by this Securfty Instrument whether or not the sums are then due. ,�-,_
<br /> If the Properly Is abandoned by Borrower, or ff, afler notice by Lender to Borrower that the condemnor oHers to make an "_ �<
<br /> awerd or seiharixedto C011ect andeapply the proc�eeds, atsksnoptionLeel her to hiest�raUonsoanrepa�eof the PropeRy 8 or oNthe .+1 - _,
<br /> Lender s flu
<br /> sums seCUred by this Security Instrwnent,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree In writing, any appl�ation of proCeeds to principal shaN not extend or _-�
<br /> postpone the due date of the monthly peyments referred to fn paragraphs 1 and 2 or change the amount of such payments. ��Q.
<br /> 11. Borrower Not Released; Forbearance By Lender Not a Wefver. Exte�sion of the time for payment or �:, _ _-
<br /> modif�atlon of amortlration of the sums secured by this SeCUrity Instrument granted by Lender to any succeasa in Interest of �
<br /> Borrower shall not operate to reiease the Iiab9ity of the oripfnai Borrower or Borrower's successas h interest. Lender ohall not _
<br /> ? be requlred to commence proceedings ageinst any successor n interost or refuse to extend tlme (or payment or otherv+lse �.�,�
<br /> modiry amortizallon ot the sums secured by this SecurRy Instrument by reason of any demand made by the orighal BOROwer or ;:_-T
<br /> t� , 8arower's successors In Interest. Any forbearance by Lender in exercising any rlght or remedy shail not be a walver ot or �LT—-
<br /> ty:t��.an-
<br /> preciude the exerclse of any right or remedy. � •*�--
<br /> 12. Successors and Assigns Bound; JoUt and Severel Liabiiity; Co-signers.rne co�enants and _`
<br /> • agreements of this Security Instrument shall bind and benefit the successors and asslgns of Lender and Borrower, subJect to the � �
<br /> provisions of paragreph 17. Borrower's covenants and agreements shall be �oint and several. Any Borrower who co•signs this .t .;�.
<br /> Securdy Instrument but does not execute the Note: (a)is co•signfng this Sscurity Instrument only to moRgage, grant and convay .,,��..ti ��
<br /> �het Borrower's interest m the Property under the terms of this Security Instrument; (b) �s nol personaly oblqeted to pey the '.,�:,� _: ._..�
<br /> sums secured by this Security Instrument; and (c)agrees that Lender and any other Borrower may agree to er.tend, modity, •.,,,�,;•;;._�,,,;�yYf,,,.
<br /> brbear or make any accommodations with regard to the terms of this Securdy Instrument or Ihe Note wKhoul that Borrower's : • .
<br /> consent. ����;°
<br /> � 13. Loan Ch81'9eS. If the ban secured by this Security Instrument Is sub�ect to a law wh�h sels meximum loan �_ `.
<br /> charges, and that law fs tinally interpreted so thst the interest or other loan charges Collected or to be collecled n connectlon
<br /> with the loan exceed the permitted Ilmits, thon: (a) any such loan charge shall be reduced by the amount necessary to reduce
<br /> Ine charge to Ihe permRted limik end (b) any sums already collected from Borrower wh�h exceeded permkled INnits wili be
<br /> �elunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a i
<br /> drect payment to Borrower. If a refuntl reduces prinCipal, the reduction wil be treated as a parllal prepayment without any I
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<br /> prepayment cherge under the Note �
<br /> 14. Notices.Any notice to Borrower provided �or in this SeCUrity Instrument Shrll be gHen by delivering q or by mallfng it
<br /> by first class mail unless epp�fcable law requ�res use of another method, The notke shall be direCted to the PropeRy Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender sha�be given by fust claSS mail to
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrument sliall be deemed to have been given to Borrower or Lender when given as O�ovided in ihis peragreph. �
<br /> _ . .... _.. .. . . .. ___. _�_„ .... ........,....a h� iorium! law anA the 18w of the � _ -- --- -
<br /> ' 15. Governtng �..BW� 'CVCfBDItii�/. Im5 Jt�CUnty ���ouw��e��i o��o�� ..o ti............ ..� •____ , _
<br /> Nrisd�Ction in which the P�operty is locat8d. In the event that any provi5i0n or clnuse of this Security �Str�nnent Or the No�e �
<br /> confl�cts with appliCeble �aw, suCh conflict shall nOt aHect other provisions ol this SeCUrity Insirument or the Note which cfln be i
<br /> gNen ettect wilhout the cOnflfCtiny proviSiOn. TO this end the provisions of tn�s Secwity Instrument and the Note are deClared to
<br /> be severablo.
<br /> 16. sorrower's Copy. Borrower shall be grven one coniormed Copy of ihd Note und of this SeCUrity�nstrument.
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