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<br /> , , u • Bortower may cure suCh a defauft and n31nsffite, es Provided in peta�aP„ �8. by causfng the ecHon or procaeding to be .
<br /> . d i s m i s s e d w i t t�e�u t fi g t h a f.h L e n d e f s g o o d t a R h d e t e r m m a tlon.D�Ndes tode�re of th�Bortowers interest in the Property or . .
<br /> ` � .i other materiai ImOatrmerR o!the 4an c2afed by this SecnrtSr tnsCUmsnt or lenders seeurdY inmreat- Banawer S h a U a t so h e i n `. � ; . .
<br /> detauB B Bortower.durin9 t�e taan eAA►icafion process.9ave matertaftY fak,e ar inacwrate(ntcrmaHon or stataments to lenQer(or � � ..
<br /> . " ' _ ` ta�ed to provlde Lender w�h esty materiel infortnatloo) tn connecNon w�h the I�evideR�d�hy� resid9nee.�N this Securgy � �' . 4`,`�:. .. .
<br /> . � ��� Um�ed to. reyresemteiions concemtng Borrowers occuDancY ot the PropeRlr 11 r ' `
<br /> � � Instrument is on a teaseAOtd� Bortowar st�a�eomPtY wRh a0 tha Provlstons o tl►e merger in gwrfNng.�acquhes fee Wa to the� f�' ' ., "<.T:•r.�:�
<br /> . � I 4 � .
<br /> � Property,Ne Ieasehoid and the fee b'tfe shaU not meige un�ss Lender a9rees
<br /> ,, 7.Protectlon ot lender's Righta in t�e P�roperry.u eoROwer tals to P8r[orm tAe Covenants end egteem8nts� � ,,- _
<br /> . . ,�� conta�ed in Mts SecwdY tnstrument, or thera Is a lega�Oraceeding that may stgnQtca�try afle�LenCers rigt►ts in the ProDBrtY� . . < ,F .
<br /> • � (such as a proeeedSng m baniwptcy.P�b�for condertma6on or forfatmre or to enforce taws ot regutattons),then Lender maY �j
<br /> „.� `
<br /> � '� do end pay tor whatover ts necessarY to protect the vah�e of tt�e PropertY end tender's dghts in the ProDertY• Lenders acdons �' •, _ � ..
<br /> - �i mey inch�de PSYing any sums seCUred by a �en which has priort'ty over this Saeurdy Instntment. ePpearin9 (n court. PaY�9 � ..�� .� ,
<br />. ,. ..^ . ,- :�� reasonabfa attomeys'tees and enter6ig on the Propert!►to make reAa►rs.ARhaugh Lender msy take ect[on under th�s P�9�Ph • _�..- ---.
<br /> --- . �--_ :,j T.Lender does not have to do sa -. - -` -°- ,
<br /> . My amounts disburs�d by L.ender under paraSraPl� 7 ShaD become addfional debt of Bonawer secured bY this Secur'ty
<br /> � � Insdument Unless Borrower and Lender egree to other tertns of payment, these amounts sheD bear inteces!f�om the date ot -� *� .�
<br /> � disbursement at the Note rate end shaU bA peyeble.w�h mlerest,�Aon notke from Lendet to Borrower reQuestfi9 RaYm�- ' ' '. � � �
<br /> . 8. MOI'tg8$6 Ilt831J81fC@. it Lender required mortgage insurance as a conddton of maWng the loen secured by this ; _. .
<br /> Securdy instrument, Borrower shatl pay the prem4ims re4uUed to ma�ntain the mortgags insurance tn eHect.If.tar any�eason,the
<br /> mortgage insurance coverage re4uiced by Lender Iapses or ceases to be i n a f f e c t,B o r r o w e r s h a U p a y t h e premiums re q u6�ed to ,
<br /> � obtau►coverage substanti�/eWivalent w the moRgage insurance previousry in etfect. e�a insurer ePProved by lsnder.�lf ' .4 . • `, .,'`.
<br /> su
<br /> ` cost to Borrowe► at the mortgage tnsurance previousry En eHect. iram en eaemate mortgage .,,,-.. ::;.
<br /> � � substanttallll equluatent moRgage insurance eaveraSe is not ava�abte.Borrower sfiaU PaY to Lender eseh month a sum equai to i�,JC,;;4.,
<br />_ . , - onarivetlth of t�s yeary mortgsge insurance prem►um being pasd by Bartovrer when the insurance covera9e IaDsed or ceased to „N<',`;
<br /> . � ',T be in eftecL Lend$r w�l eccePt,use and reffih►these payments as a loss resenre tn I'ieu of moRgage insurance. Loss reserve , .�.''ttS°.�._�__
<br /> � �= paym¢nts may no Wnger 6e requBed at the option of Lsnder, fi moRgaga insur8nce caverage(i�the amount end for the period ..�.
<br />. ' *;• that LenQer requir�es)provided by an insurer aAPr�ved b9 lender egain be�omas ava➢fabte and is obtatned. Borrower she0 pay - -�,
<br /> s
<br /> � � the premiums requi�ed to mah�min mortgage insu+a�sce in ePec4 or to provide e loss resetve.untii the requicemeet for mortgage ',,,�,i�:;
<br /> . ` . insuraice ends tn aecordanrs wnh eny wriKen egreement behvasr►8ortower and LenQer or appOcabte taw. _ _--�-
<br /> . • 9.I1f8]fCCLaOff.Lender or�s aflsn!maY make teasonaDte entrfes upon and inspections of the Property. Lender shell glve =•
<br /> .. Bortower notice at the Hme of or pdor to an inspection speciryfig reasonabts cause for the fnspectlan. _ . �•, g=�"
<br /> � 10. Condemnat3on.The procee of the Property.or far cot�mreYQ�m���of condemnaUon,are�hereby�assign d and ';-�_�-_
<br /> . ° condemnation o►other mlcing of enY P� � �"'�;
<br /> ' � '.Y Shall be pald to Lender. �,;
<br /> " M tha event of a tomi ta�cing of the ProP�1►. the P��� sha0 be apDQed to the sums secured by this Sec�Y ,?;x;�;.':��;: .�.
<br /> �" In whiCh :�,.N� s�.:
<br /> . .� .' insuument,wtrether ot nat then due.viRh any e�ess Paid to Bortower. In the evac►t of e paAial taking of the Property . • •,'_a;.Mi�',,.�
<br /> � the tatr maAcet vatue ot the Property immediatey before the taking ts eQual to or greater than the amount of the sums secured .'t;,;� .�,
<br /> by this Secu�y► tnstrument hnmediatety before ths taking, unlass Borrower and Lender otherwise a�e9 in wriUn9. Ne sums ' :��
<br /> fa s
<br /> � secured by thts SecuritY ��sbument shali be reduced by the amount of the pracaeds muktpiied by the foUowtng fr8ctt�on: (a)the • ,'., i���
<br /> ; ' � total amoun!of the sums secuced Imrt�edlateN betore the tskin9,divided by (b)the tab market vaNe of the ProperlY bnrtsedlatery ; � ,�_
<br /> - .��:----
<br /> �� ' , - betore the taking.Any baienee s"hall be patd to Bottower.In ttsa event of a partial tak(ng of the Property in which th9 tatr rtraAcet , ,,''�Y
<br /> vaNe of the Property bnrnediat�`y betore the taking is less than the amount of the sums sea+red Immedlataty befor0 the taka�9� • .:,�- r�
<br /> untess Bonawer and Lsnder ottierwise agree in wrftin8 or uniess eppl�abie Iaw otherwise provtdes. the proceeds sdalf 6e . '}Y _�,,.�:;
<br /> � t i :, .' , ...�,.:d�
<br /> { � • applied to the sums s�ured by this Secur�y�nsWment whether or not the sums are then Qu9.
<br /> � I}tt�e Property is abendcned by Bortower,or A,after notice by Lender to Bortower that the condemnor oNers to make an - ��;_��
<br /> award or settla a ctaim for damages. BorroWer taiLs to respond to Lender wfthin 30 days after tha date ttie noUce is given, �:,;t��r,
<br /> ' Lendet[s authortsed to colfect and apPly the Oroceeds,at �is optlon,efther to�estoratton or repaU of the Property or to the �.'i>,-,<�•;._, :
<br /> .s sums secured by thls Security Instrument,whet�er or not Men due. "`� ;�'�'�
<br /> � Untass Lender and Borrower othenrrise agres
<br /> in „vrdmg, gny appiis:aUon ot proceeds to pfincipal shall not wctend or �•`���i�e;;:`%';
<br /> postpone the due date ot the month y payments referred to in p'aragraDhs 1 and 2 or change the amount of such payments. ,� '�z x;=:
<br /> � 11. Barrower Not Released; Forbearance By Lender Not e Waiver.6Rension of tt�e tlme br payment or . . � �;�'�}�_
<br /> . :� mod'�flCetlOn Of amortlratlan O}the Sums secure0 Dy this SeCarity tnsbument granted by i.ernia� ia cu►Y suaceSSGt in Intecest o1 ---.�.��y
<br /> � ' BoROwer sheD no!operate to retease the Iiabflisy of the origtna!Borrower or Bortower's successors in interest Lsnder ShaO not � , ��..
<br /> '` ba requfred to commence proceadings against eny successor in tnterest or �etuse to extend ttrne tor payment or omerwi�e � : .,l:�s`_.
<br /> �_� � modi�r amoRi�tion of the sums secured by tAis Security InsKument by reason of any CemanA made by the origin8l Borrowar or . :: :c.
<br /> � t Borrowers successors in interes4 Any forbearence by Lender in exercisin9�Y ��9ht or remedy shaD not be e waiuer ot or
<br /> ' � prBCluQe the exBrCise of eny right or remedy.
<br />- • . • � 12. Successora and Ast;igna eoned; Joint and Several LIab111ty; Co-sl9nera Tne covenan�s ana
<br /> A8
<br /> _ :�.� agreements ol thi�Secufiry fnsuument shall Cind and beneFrt the successors and asstgns of lender and BoROwer.subject to the
<br /> _ - pravisions ot paragraph 17. Bortowe�s Covenants and agreements shaU be Joint and sever8l. Any Botrower who co-signs thl3 , :y
<br /> � � Securiry tnstrument but does not execute the Note: (a)is co-signing this Securiqr tnsbument only to moRgage,g►ent and corney �
<br /> that Borrowefs interest in the Praperly under the terms of thls Security Instrument; (b) is not personalty oblig8ted to pay the
<br /> sums secured by this Security Instrument; and(o)agees that Lender and eny otAer Bortower may agree to extend,modiy, „ � '
<br /> forbear or make any accommodaGons with regard to the terms of this Security Insbument or the tVofe�vithout that Borrowefe
<br /> ` � consent. ,
<br />"� ' � 13. L0811 CI187Q@S. If the 1o8n seCUred by thl9 Security Inotrument is subject to a law wnkh sets mexUnum toen
<br /> chargos. end that Iaw is flnaQy fnterpreted so that the interest or other loan charges coltected or to be coltecteC En connection .
<br /> � ! with the toan exceed the pertnitted limita,then: (a)any Such loan Charge 8hatl be reduced by the amount necessery to reduce
<br /> � ��i the charge to the permiKed Omil; and (b)any sums a6ready cotlected Nom BoROwer which exceeded pertnttted limits wiU De .
<br /> refunded to Bortower. lender may ohoose to meke thls refund by reducing the principal owed under the Note or by making a
<br /> ! Girett payment to Bonower. 8 a refund reduces pr(ncipal, the reduction w i i l be trea te d a s e partial pre pa yment wfthout eny
<br /> � prepayment charge undar the Nota.
<br /> 14. Notleea.My notbe to BoROwet pravided tor in this Securityr Instrument shell be given by delivering h or by maiiing tt
<br /> � by flrst ctas9 mail untess appilcable law requtres usA o}an�ither method. me nottce shell be directed to the Property Add�ess �
<br /> or eny other address Borrower Oesignates by notice to Lender. My notice to Lender sheil be glven by flrst class mail to �
<br /> , Lender's address atated herein or any other address Lender designate9 by notiCe to Bonower. My not�e provided tor in lhls
<br /> � Security InsUUment ahau be deemed to hava been given to Bortowar or Lender when gNen as provided In this paragreph. �
<br /> 95. Governing Law; Severabitity. This Security Instrument shatl be govemed by federal law end the law of tAe . .
<br /> )urisdbt(on in which the PropeRy is tocated. In the ever►t that eny provislon or ctause of this Securityr tnstrument or the Note � .
<br /> • conflicts with appficabte taw,suCh confibt shall not eNect other provislons of thia Security Instrument or the Note which cen bo
<br /> � � glven eftect without the cOntliCting provislon.To this end thA provislons o}this Securrty fnsWment flnd the Note ere deCiared to •
<br /> ` ' ; be Severeble. '
<br /> i
<br /> • 16. BOtCOWBPB COpy.Borcowet shall be given one con}ormad copy of the Note and of this Security InsVUment. .
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