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<br /> 3 h 18. bY raus6�g the actton or pm�g to be r .� :c
<br /> � Borrov�er may cure such a detauft and refis�te.as pro�tded in paragrap
<br /> , . _' � dismissed wRh a ntling that,in Lender's good faith determinadian.Predudes torfeRure of the 9ortower's mteres!in the Property o� . ` •• .
<br /> . ` ,�� ather matertel impaim�ent o1 the Gen creafed by this SEaui1Y tnstiument or Lender's security iMerest Bortower shaD also 6e in ' � � ,�:�..,,..
<br /> ` P talse or tnaewrate trstom�atton or sffitetnents to L.ender(or � � `` . _
<br /> ` defar�ft if Borrower.durtng the[oan appIIratlort tot�ss.gave matesia4y �' �` :
<br /> �
<br /> ` �`„ `( faited to prov(de Lender wNh any matedal tnfomiaUon)In eonnectlan wttA the toan evidenced by the Note. ineNding.6ut not � � "� , LL`.. ��
<br /> • �ted to. reArese�ions �ortcemtng Bortowers aax�P��SI o1 the Propeny as a pdndpai residence. R 4h(s Seeurity� _•.<�
<br /> ` . ,. { j • . ` .
<br /> - "? � Insttume�st is on a feasehald �ortcv+e►sha0 compy witf� alt the provistons ot the tease. I�BORO1M1fEY 9GQUI(2$ �B-°UIIB W U18 4 • `� .� c•
<br /> • � Propert�l,the Ieasehold and the fee title shaU not merga uniesa Lender eyees to the mecger in writing. � �
<br /> � �� 7. Protection of Lemder's Rights in the Property.it eorrowe� faJs to per[ortn the covenaats and agteements Q . . .
<br /> , ' � ` ` '
<br />.'._ cot�ed fi this Securih► Instrumed. or there is a legal procee�ng U4ai may signiRcanII1► afteet Lender's rtghts in the FrcpeRy� . , . �
<br /> , :;i (such as a proeeeding tn banlwpU.Y•Pmbate.tor condem�adon ar toAeidire or to entaee taws or regulaUons).tAen l.ender cnaY� t`' •:'
<br /> • do end pay for whatever ts necessery to protect the vaNe af the Propestyt and Lend�s�in tha Property. Lend�'s actlorts� -
<br /> ' :-�' may tndude paying any sums seatred by e Gen which has prtortty a�er this Seeiuityt Instrument. appearin9 in wurt. paylrt9� . , •, '
<br />' ` � ;,.°_°�:� reasonabfe attomeys'tees end entedng on the Properly tn make m.�ahs.Atihough Lender may take acdon under this paragrapn ` ` -
<br /> a � - — 7.Lend�daes not have to do so. -_ - .
<br /> . - My amounts disbursed by Lender under paragraph 7 sha0 b�come additlonal dPbt of Barrower secured by this Security ,
<br /> `_'`s InsRument Unless Bortower end Lender agree to oth�t�rms af paymen� these emounta sha�bear irrterest from the date of �
<br /> � ` disbursement at the Note rate and ahall be payabte.with irtteres4 upon notice irom Lender to Boirower requestin9 P�� .} . •: .. �
<br /> 4 ..
<br /> • 8. Modg�ge lnsu�tiCe.If l.ender requhed moRgage insurance es a eon�ton ot matdng the toan secured by tAJs
<br /> � . ' `. � Securiry Instrument.8orrower shati pay the premiums requUed to mairA�6�the mortgage insurance in effect.if,for enY rea�on.the .
<br />;�_� � mortgage insurance coverage req�red 611 Ler►der tapses or ceases to be in eftect, Bortower shsD pay the premiums cequUed to _ , . .
<br /> � . obffik caverage su�itY e4uIvalertt to the mortgage insurance previousty in effect.at a cost subs�r�tlaQy equivalent to the �'
<br /> - • � , cost to Bortower of the mortgage Insuranee prevtousty in eftect, irom an aitemffie mortgage insurer approved by L�der. H
<br /> f=r substenUalg►equivalent maRgage tnsuranee coverage is not avaitabt� Bortoaver sha0 pay to Lender each morrth e sum equal to �".._'-.�
<br />-2�' ' onedwdflh of the yearty►mottgage insuiance premium being paid by Borrowe�when the tnsurancs coyerage lapsed or ceased to < <i;,;�- � �-
<br /> ` ' be tn et(ect. Lende w�l accep� use and re�afi these paymertts as a toss ceserve in Qeu of mortgage insurance. Loss�esen►e r ;'�`-
<br /> M� . � payme�ts may no tonger be required et the optlon ot Lender,ff mortgage insurance cav�age(in the amount and tor the pedod � , _
<br /> ' titat Lender requlrea)Prov(ded by an insurer approved by Lender again beeomes availabte and ts abtahted. Bortower shall pay , —_
<br /> - ' ' the preNums tequired to mairttab�mortgage insu►ance in efted,or to provide a loss res�ve.urtOl the requtrem�t tor moRgage . .,::��
<br /> ! ' insurance ends in accordance with arry wdtten agre�nent belween Bo�rower and Lende or appGrable law. - .. �
<br /> _e. _ .- ._. . 9. tltSjleCtlon.Lender or its egetrt may make reasonabte enAles upon end(nspecUons ot Ute Property. Lender shall give ' � �,�'� _
<br /> �� reasonabte cause tor ffie inspec8an. .�: `" : .
<br /> :;�,� �. T` Borrower noace at the ttme of or pdor to an tnspectlon specHyfig -,-� _
<br /> - ��• � 10. Condemnatton. The proceeds of arry award or�dafm tar damages,direct or consequertial,tn connectlon with any ;���u
<br /> � • . . condemnation or oihe►faWng of any part o1 the Pruperty. or tor cotrveyance in�eu of condemnatlon.are haeby assi�ed end • i�,y�.i� �
<br /> ' � sha0 be paid to Lender. .-
<br /> • ' ' , 1 �. h��:
<br /> ,;� -.. ' . �, , In the event of a total taidn9 of the P�operty, the proceeds shaU be appGed to the sums secured by this Secutity , `'� i,�._
<br /> InsVument,wfisther or not then dus,wUh arry excess Petd to Borrow�. In tha e�ent ot a pariiial ffitdng of the RroQariy in which , .�:
<br /> .�,i . • � the fafr martcet vatue ot the Prape�ty imme�aiety before the taldn9 ts ecNal to or greater than the amo�mt of the sums secured �_��
<br /> •;_�t � , ; . ��:, by this Sea�(ty tnsdument immedfatey hefore the taidng. urtiess Borrower and lender otherwise agree in wr(tlng, the sums , _:. �;j.:��
<br /> ' secured by this Securiy►Instrument shal!be reduced by the amo�mt of tfie praceefls multtpGed by the followfng tract[on: (a)the �,..�`y�.;
<br /> ,'`�i ��} totel emou�t af the sums secured immediately betore the taking,divlded bY(b)the fair market value of the Properiy tmmedfatety _,y�.`,, . • :
<br /> ,',:`. � i betore the taldrtg.Arry balance sha0 be paid to Bortower.In the everrt of a partial c�g of the Properiy In whfch the fair merket ��,k,.;. ,, '{';'�_a
<br /> �`�` . �i vatue of the Properly immediatdy betore the taldng is less tftan the amount of the sums secured tmmediately betore the tatdttg. ,
<br />��� ' � �"� unless Bortower and Lender othervvise agree in writ(ng or untess apptic�bte law otherwise provides. the proceeds shall be '-:�z:'
<br /> r� . r� appqed ta ihe sums secured by this Sacurity Instrument whether or rtoi the sums ere then dua ,' _ , -�°
<br /> If the Roperty is ahandoned hy Borrower, or if,after noUce by Lender to Borrower that the wndemnor ofters to make aif �- r�'-
<br /> . �• �- .� � award or settle e clatm for damages, 8ortower faits to respond to Lender wfthin 30 days after the date the nc9ce is glven. �_=�
<br /> .����• , ` ., . ,� ' Lender is autharized to collect and appy the proceeds,at its opUon, either to restoraUon or repair of the Property or to the � � ���:_
<br /> sums seeured by this Security tnstrument,whether or not then due. Y��
<br /> i=..":
<br /> • � Untass Leieder and Borrower othan+uise a�ee In writing, any apD�on of proceeds to pdncipal shall not e�Qend or •.-n-
<br /> � � • �� postpone the due date of the motdhly paymeats refemed to in paragrapha 1 and 2 or change the amount ot such payments. � ., `' , :_'���'"
<br /> ;.:��. 11. Borrower Nat Reteased; Forbearance �y Lend�r Not a Waiver.6dension o1 the Ume tor paymerrt or '�'��'
<br />_ ;; „ � modi�cation ot amortizaiion of the sums sECUred by thls Securiry InsWment�anted by Lender to eny successor Tn tnterest ot _ _
<br /> ,:�',��: . Bortawer shall rtot operate to retease the liability ot the odginel Borrower or 8orrower's successors in Interest. Lender shall no! ,a`
<br /> •< = • .,� ba required to commence proeee�rtgs agafnst eny successor in interest or refuse to eadend Ume for payment or othetwise �.:��_
<br />_ : .� modity a�orttraHon ot the sums secured by thts 3ecuriry InstrumeM Cy reason ot any demand made�y the ortglnai Borrower or
<br /> Borrower'e successors in interest. My forbearance by Lender in exerdsing any �ight or remedy shail not be a waNer of or
<br /> �.� � .�� ' preclude the exercise of any dght or remedy. , �
<br />��5• 12. Successors and Asslgns Bound; Jotnt and Several Llability; Co-stgnera The covenants and
<br /> � • � agreements ot this Securfty Ins4rument shall birtd and benefit the successors and assigns o1 Lender and Borcower.subject to the . �
<br /> • . provis:ans ot paragraph 17. Borrowers covenants and ageements sha0 be Jotnt and several. My BoROwer who eo-signs this �.
<br /> ' � ,� • Seeurity InsUumem but does not execute the Note: (a)Is co-signtng this Securiry Instrument only to moRgage, �ant and convey �;��
<br /> , • �. that Borrower's interest in the Property under the terms of thta Serarriy Instrumen� (b) ia not parsonalty obllgated to pay the �'':':+,
<br /> sums secured by tAs Secutity InsUUmenk and(c)a�ees that Lender end any other Borrower may a�ee to wctend,modity, ,. . �`� '
<br /> � � forbear or make anyr a�commodaUons wtth regard to the terms of this Securiry t�s�ument or the Note without that Borrower's
<br /> � . wnsent � ' .
<br /> . 13. loan Che►g99. If the toan sewred by this Secur..y Instrumeni Is subJect to a law which seta maximum loan
<br /> charges, and that Iaw is flnally interpreted so that the interest or c:.�er loan cfiarges coiteeted or to be coUected tn connec�an , . .
<br /> ' with the loan euceed the pertnitted Iimtts,then: (a)any such loan charge shall be reduced by the amount necessary to reCL:s ,
<br /> �` ' � the charge to the pertnitted Ilmfi and (b) eny sums aiready coitected from Bonower which exceeded permhted iimita wi0 be •
<br /> � refunded to Borrower. Lender may choose to make thls retund by reducing the pdndpal owed under the Noie or by maWng a . .
<br /> - � � direcl payment to Borrowec if e refund reduces principal, the reducNon w(II be treated as a paRlat prepayment without any
<br /> � � � prepayment charge under the Note. �
<br /> � � ,� 14. NOtiCet�.My noUce to Bortower provided 1or in thl9 Security Instrument shail be given by delivedng ft or by maiiing it ,
<br /> by flret cfass mail untess appiicable taw requUee use ot enolher method. The notice shali be directed to the PropeRy Address
<br /> �� ; or any other address Borrower designates by noUce to Lendcr. Any noUce to Lender shatl be ghren by flrst etass mail to ' : �
<br /> j Lender's address stated herein or any other eddress Lender designates by noUce to Barrower. My noUce provided tor in this �
<br /> � Secudty tnstrument shall be deemed to have been given to Borrower or Lender when ghren as provlded in this paragraph.
<br /> � 15. �overniag L.aw; Severability. This Secur(ty InsUument shail be govemed by federal taw and the law of the
<br /> � � jurisdictlon in whlch the Property is located. In the event that any provision or ctause o1 thls Seturity InsUUment or the Note
<br /> ' eon111cts with epplieabie law, such contlicl shall not attect otfier provisions of this Securf.y InsUumenl or the Note whieh ean be • .
<br /> � � given effect without the conificting provision.To this end the provisions o1 this Securiry Instrumenl and the No2e ere declared to .
<br /> - �-' be severaD�e. � "
<br /> s �� � i 16. 00►rowBPs COpy.Borrower shall be given one contortned copy ot the Note and o}this Security Instrument. ' ,
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