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<br /> < , .� . fi 18, by causing Me acUon or proCeedt�¢ to be �t��y ..
<br /> ' • ' �;, '���t`� � � Barrov�er may eure such a detauR and remstate. es ProviQed in Para9�P �ure of the Bortowers interest in t�e ProPeAY br � ., ,
<br /> � ;� : , •,,.� dismissed wdh a�ul'mg tf�at,in Lendds good faRh detem'�ination.P�ecQides forte .`; ` _
<br /> oMer matezia�QnFebment ot the Gen created by tR�s SeGUri11'Insbumenf or Lenders securihr a�terest. Barrovrer SAaQ atso be in
<br /> - � det8uft d Borrower.dur619 Me toan aRD�ieaNOn process.9ave materlal►Y�a�se the loan�ev�dence� bynthe No am inchidfig, Outr not� . °.
<br /> � taited to pravide Lender wBh eny matertat infortna�on) �^ cOnneetion with �idence. [f Mts S , , ° 4 .
<br /> "., �,� • . fimdad to. rePresenffitions concerni�9 8ortow$r9 oCCUpanCY of the PropeRY as a prmcipal ��. . .
<br /> ' I n s t r u m e n t is an a �asehold. �orrawer sha0 compry wlth ell the pravlsions af Na Oaase- M Borrower acqutres iae titte to� ,�. < `
<br /> • Properry�tRe Iea58notd ai�d the fe3 titt9 SheU not merge untess lender�8��to Re��e cotirena�ls e�d�men � , � .
<br /> � � 7.Pn�tectton ot Lena9er'�Rtghts U tha Property. � , .
<br /> � � � ' �s Seeu' Insvumeni.or there Is a fsga� P�oceedtng that may stgn'�ficantty aRect Lenders �9�men Le der m� � ` .
<br /> < . eontainad in th �Y
<br /> ' (such as a Draceed'mg in 6enkruptcy.Drobata.ior conQemnatlon or torteituce or to entarce taws or regu�at[onsl. �deds actiues �<<<:';.
<br />_ ��pay�o�wt�atever Is n�essary tn protect the value ot the PropeRy and Lertders rights in the FropertY. � couR, paytng '�
<br /> � - :\. .-�-� `. ,nay inch�de paying eny sums secured by a uen whtch has P�o�Y over th[s 5ecuriry trw5wment. eDDe�9 � ,
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<br /> ' �'� :. „ , reasonabte attomeys' taes end enterin8 on tho Property to make�eDa+�. �ough Lendar may take aetton under this P�9�h .---- _ . -
<br /> � 7,L e n d e� d oes not have to do so.
<br /> • � � ` Any amounts dLsburseQ by Lender unQer parsgrapt► 7 s h a A b e c o m e 8 d d i t i a n e! d e b t o i B a rt o w e r s e cured b y this Security _
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<br /> Insbument Untess 8orrower end Lender agree to ather te�ms of Paymertl,these emounts shaU bear interest tram the da�e o}
<br /> ` disbursement at the(Yote rate and shail be payabte.wrth interes�oDon notke tram Lende*to Borrower requestb�g psYment _ • -
<br /> : S 8. Mortgage Insurance. If Lender requtred mortgage insurartce as a cond�i�s ��°1eftect. It,for any reason,ttie � .
<br /> � ,-"- 1 Securdy InsUument.Horroxrer shall paY the Premdms re4uued to meh►ta;n the martgage' . `�
<br /> • mortgage insuranCe coverage retNired by Lender lapses or ceases to be U eftect, Bortovrer shaU PaY t�e p�w���d W .::,,+ .' `
<br /> obtatn coverage substant�lh equwatent to ehe mortgage msurance P�usty is�et[ect.at a cost subsmnt�IN equtvatent to me ' f.,. �. 4
<br /> - • '� cost to gorcower oi Me mortgage msuranee PrevtoustY in effect,nam en aRemate mortgage insuwr approved by Lender. It ,_
<br /> ` ' "� substanUairy equivatent mortgage insurence covere8e fs not ava'labie. Borro�ver sha{I pay to Lender each month a sum equal to
<br /> ` � � � `�' on�twelfth of the yearry mortgage insurance premium being pald by Borrower when the insurance coveraSu�ed�ss reserve .
<br /> be in eftec� Lender wi0 eccepx use and cetain these payments as a loss reserve in Geu ot mortga9e _�.�--=
<br /> ` . ' , payments rr�ay no lnnger bs required at the opUon ot I.ender. if maR�Be insurance coveraSe Cm the amount and for the Pertfld .`, ��' 4'��.�`.
<br /> ' �ttat Lender requhes)provided by an Insurer approved by Lender a�tn becomes ava�ahte a�d is obteined. Hortower shaU pay
<br /> � ,` � ti�e premwms�eq��ed tu maintatn mortga8e insurance tn eitect.oc to provide a loss reserve,unU'1 the requtrement for martgage ;�_,
<br /> . " tnsurance ends U►ecCOrdance w3h any wr@tan agceement between Borrower an0 Lender or appGcabl9 law. � :;=.r°-,
<br /> . ' ,.•'F . 9.tnspection.Lsnder or its agent may make reasonable entries upon and�specttons ot the ProPeRy- Lender shafl give r;`�=
<br /> . . . . Borrower notice at the time of or prior W an insDeCiton specdYfig feasonehte cause tor the inspecUan. ,.. ���_
<br /> • - �p. Condemnatio�_ The proceeds of any award or claim tor danages�direct or consequentiial, tn canneett�n wRH enY "� t��
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<br /> � ' = �•! ` condemnation or ather teking of any part of the Praperiy,or tor conveyence in lieu ot candemnaUon,are hereby ass(gned en0 ��.,.�
<br /> "� . shail be paid to Lertder. ��'�:�::�;
<br /> In the euent of a total takin9 of the PropeAy, the proceeds shM be appIIed to the Sums secured by this Secut7ry �_ �ti"•�"'.
<br /> , InsCrumenL whether os not then due.with any excess PStd to Bartower. In tne event of a partiat tek(ng ot Ne Propertyt�n whtch .. ,<'Y`�.��
<br /> , � . the fatr maAcet va►ue at the Property immediate►Y betore the tatwig is e4aa1 to or great2r than the amouM ot the�wmS secu�ed r.i�_-
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<br /> '`' by th(s Security tnstrument immediatety before the taking, untess Borrower and Lender otherwise agrae tn mfin9. the sums l"�
<br /> � secured bY tt�is Security U►strument shall be reduced by the amount of the proceeds mufttPited by the toQowfn9 fraction: (a)the � {s',�•
<br /> �-• totai 8mount of the sums secu�ed immedhtety hetore the taking,divided bY (b1 the fatr market vatue of m whtch tt�e fat►market .`�'' ;� �
<br />. � " ' F betore tl�e taking.MY batancs ghatl be paid to Borrowet.In the event of 8 partiai takc�9 of tAe ProDe�ty ' _--
<br /> t• • valus of fhe PropeRy hnmediately before the takin9 Is �ess than ihe amount of the sums secuced [mmedfatety 6etore the taking, ��;,�_�.:;
<br /> � � � un(ess Bomower and Lender otttenrrLse agrse in writfi9 or uniess apPl'�cebte law othe�wise provides. ttie pmceeds shall be ..,�=A,
<br /> .f appQed to the sums secured by this Securiry Instrument whether or not the sums are then due. � �,,,
<br /> ,� • H the PropeRy Is abandoned by 8orrower, or H,after notiee bY lender to Borrower that the condemnor oHers to make an ' �,'.ti_
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<br /> .� ' , awarC or settte e Ctaim for damages. Borrower fetls to respond to f.eoder within 30 days sfter the date the notkeor o the ' ��� .`�'�-��"�
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<br /> � LenQer is authorized to coitect and apFty tt+e P�aceeds.at its aption, e�lher to restoration or repair of the P�'operty -...�£ `��'L,
<br /> `'� sums secured by thts Security Instrument,whether or not then due. .4� �. , --',
<br /> � � ' Untess Lender and Bortower otherwise agres in vm'tin9. a�Y 80D��an of prrcesds to prtncipal 5ha0 not wRend or ' rf
<br /> � � postpone the due date of the monthly pa]Iments referred to tn para9�eDhs 1 and 2 or change the amount of such payments. .�_
<br /> � 11:Borrower Not Released; Porbearance�y Lender Not a Waiver.6Rension ot the time for payment or -
<br /> ' mod�Pcetbn o�amorti�at.on oi the sums 5ecured by this Securiry Instrument �anted by Lender to any successor in interesl oi �
<br /> �� Bortower shatl not operate to retease the liablityr o}the origtnai BOrrower or Borrowers successors ln interest. lender ShaO not _ _, :..'�_-:
<br /> • s ' be requlred t0 commence proceedings agahist any successor in interest or refuse to extend time ior payment or ottiervuise .
<br /> ' - " mod'dy amorttratton of the sums secured by this Securdy Instrument by reason of anY Qemand made by t�e original 8orrower or
<br /> ''�� Bortowefs successors h tnterest My for6earence by tsnder in exercising eny A9ht or remedy shall not be a wahrer of or
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<br /> � � precNde tha exercise ol any right or�emedy.
<br /> � 12.Successora �nd Assigns Bound; Joint and Sever�t Liability; Co-signera Tne covenan�eea
<br /> agreements o1 th(s Secufrty Instrument sha0 bind and benefa the successors and assi9n9 of lender and Bortower,subject to the .;
<br /> �`�=' � provisions ot paregraph 17. 8orrowers covenants and agreements shall be joint and sevaral. Any Borrower wha eo-signs this , ;
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<br /> � Secufity Instrument but Ooes not execute the Note: (a)is c0-Slgning thi5 Secu(Ry Insttument only to moRgage.g18nt and convey
<br /> that Bortowers interest in the PropeRy under the terms of this Security Instrumenx (b) is not personally obligated to p8y the , .
<br /> '��� � sums secured by this Security Insbrument; and(c) agrees thet Lender and eny other Borrower may agree to extend,modity, _
<br /> � • fo�bear or make any accommoclaUons w'dh regard to the terms of this Security Instrument or the N�te wRhout tAat BoROwars
<br /> ��,} ; � consent.
<br /> • � ' 13. LoBn ChBrgea It tne toan secured by tnls Securtty Insuument is su'sject to a law whbb sets r•�xUnum Ioan
<br /> � charges,and thet 1aw Is fin8iy interpreted so that the Nterest ot other loan charges coltected or to be Coliected in connection
<br /> ' ` with the loan�xCeed the permitted Umfts.then: (a)any suCh Ioan charge shall be reduced by the amount neCessary to�Bduce •
<br /> " ' i th0 charge to the pem►itted 8mih, and(b)any sums atready colfected trom Bortowet which euceeded permitted Itmits will be
<br /> �'� d"ueCt payment to 80 owerer Ifaa etund red cesep h c�al,u the eduction9w I bertreated es a padia�OrePaymentbwRhout eny ' .' :
<br /> • prepayment charge under the Note.
<br /> � 14. Noticea nny notice to Bortower provided for In thls SecurRy�nstrument shal!ba given by de.firering it or by mailin9 it
<br /> by 1QSt class maii unless appiiCable taw requtres use ol another method. TAe not�e shail be dtrected to the Property Address .
<br /> � •� ' j or any other addres9 Bonower designates by notice to Lender. My notice to LenQer shail be given by tUS! ctass mafl to
<br /> � Lendefa address stated herein or any other address lender designates by notice to Bortower. My notbe provided tor in this
<br /> Securiry Instrument shaU be deemed to have been givan to Bortower o�Lender when ghren as provided N this paragraPh.
<br /> 'I 95. Governing Law; Severabiitty.This SeCUrity Instrument shall be 9ovemed by fede►el law end the Iaw of ihe
<br /> � 1 jurisdiction in which the Properry r locat8d. �n the event that any p�ovision or clause ot this Secutity Instrument or the Note .
<br /> � contlicts with aPP��cabie law,sucA conflict shall not aHeCt other provisions of this Securityr Instrument or the Note which can be
<br />' � ' given eNect without the conllicting provision.To this end the provisions of this SeCUrfty InsWment and the Note are Ceciared to _
<br /> _ . be sevetable. �
<br /> . 16. eorrower's Copy.8onower shatl be given one contormed copY of the Note and of this Seeurity Insuument. r
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