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<br /> •- ° � h 18. by causbg the act!on or pmceadfig to De . 'i
<br /> .,� � Bo�rower maY cure such a detauR end relnstate, es provtded in para9raP ' " _ .
<br /> d"smissed wfth a n►la�g tNa�.in�enders good tatthh detertnmaUu�•Prec4[des�rte�ure of the Borrower's U►Se�est m the Property or
<br /> ta
<br /> � other materiat imDaUment ot the tien created by this Sflcurity Instrument or LenO�s securitY intetest. Borrowet shall a�o be in .
<br /> defauft it Boaower.�M with en maptertai intartnadon)�'mv conn�e�etlo wlth th9 tosn evidencedbynthe N�t�ciud�ng, but not� � ; ' `
<br /> , < ' taitaed to provids Lende Y . ` . , ,� "
<br /> � limRad to. repcesenffitions eoneeming Hortowe�s oeeupaney af the Properry as a prineipat ces(denee. It thLs Seeurity - .
<br /> InsUumeM �s on a Ieasehold, Bortower sha0 compry with afl the p:ovistons o1 the Iease. if 8ortower BcquQes fee titt9 to tA9� '•�s �>';�
<br /> ' ` � Property.the leasehoid flnd ihe feB tdle shaU not merge unfess Lende't Bagree YJe f��to pe o�e covensnts and agreemer.ts � ' `
<br /> � 7. �otecticn of Leader's RIgMs i�the Property �• ' .
<br /> � •', eantalned in fhis Seeut�y �nsffument, or there is a tegal Proceeding Mat m8y s�niftCBC►tty eftett LenCets�ights in the Property � . • -
<br /> � � ' (such as a proceedfig in bsnlwp4cY.P�o�t��r Contlemnatiohe Pro�e�u end lender r�9h�� �9Property. tLende sdaCtions � • : `
<br /> do a�►d pay tar whsteve►is necesserY to protect the va�ue o t P rtY m couR. Dglr�9 �
<br /> - -=f� may include paY�9 �Y sums secured by a 1'�en which has prioritY over Mis SecuritY Instrument. eppearin9 - - --
<br /> . _;3 ceasonabts attomeys' fees an0 essterin9 an the Praperty to make repalrs.Afthough lender may take action under this para9raPh ...s . .
<br /> - � 7,Lender does�ot have to do so. �
<br /> �; ' � qny amaunts disbursed by Lender under paragraPh 7 sha0 become sdd�sonal debt of Borrower secured by th� Securily �,, . . �.,
<br /> . � InsUument Untess Bortower and Lender agree to other terms of paymen� these amounts shaU bear a�terest irom the date of ` .s,�!
<br /> disbursement at the Note refe end shaii be PaYebte.wdh interest.uAon noUce irom Lender to Bortower requesting PaYment.
<br /> $. Mortga$e lnsurance• B Le�de►requited mortgage Insurance as a eond3ion of makinB the loan secured by this � _
<br /> , •:."� Secw�lY tnstrumerrt,Sortower shall pay the p�emuims required to maintain the mortgage insurence�effect.It,tor enY reason.the ` .
<br /> .�, � moR�9e�svrance coveraSe�e4�ired by Lender lapses or Ceases to be� effect,Borrowor ShaU pay the pr�nn�tns�e4u6ed to '.;f.-
<br /> ' � obtain coverage substantia�iS►e0.��nt to the mortgage insurance P�tousty tn eftect. at a cost substsnttallY equlvatent!o the ...,�.r`f
<br /> � �� cast to Barrawer ot tha mortgage insurance previousM m eNect.from an aftemate mortgage u►surer ePProved by lender. tt .,,,.. _
<br /> ' substantiallY equivalent mortgage insurance coverage Is not ava�'fabte.Borrower shall pay to Len@er each mon$�so�d o ���:�.. '_
<br /> , .�: '� onatwe►fth of the yearH moR�1a98�surance premium being Pa1d by Bortower vfien the insurance covera98�aV , ,.'• ,:,.�....:
<br /> be in eHecK. Lender vnll accepb use and retein these pallments es a toss reserve in fieu of mortgage tnsurance. Lass reserve ---
<br /> insurance covera9a(in the smount and tor the petiod ,,,
<br /> � payments may no tonger be requiceQ at the optton of Lendet.H mortgage �_
<br /> � - ttiat Lender requtres?Provided by an insurer approved by Lender agein becomes avai�b(8 e�d �obtatned. Borrower sha0 pay
<br /> � the premiums requlred to maintain mortga9e insurance in etfect. or to provide a toss reserve.untit the requirement tor mort�ge �•, �im:.
<br /> � • insurat�cs ends in aCCOrdance wfth eny wr�ten agreement between Bacrower and Lender or applicable taw. - ,',,�-=-
<br /> - Lender sha0 give _ •� .-„__
<br /> • 9. Inspectton.Lender or ns agent maY make reasona6ts ent�s upon and inspecttons ot the Property _ . .__
<br /> Sortower notice at the time ot or pdor to an fnspection specihrin9 reasonabte cause tor the inspection• ^ �, -• -
<br /> � 10. COndBmn a l ion.The pracee d s o t a ny a w a r d o r c t e t rt►t o r d a m a g e s. d'rcect or^:nsequenUal,in connection w tl�d .,. . 'c�
<br /> ' condemnation or other teking of any part ot the Property,or for convayance in �ieu ot candemnaUon,are heceby asstgn .,
<br /> . , ��
<br /> shall be paid w Lender. fled to the sums secured by t�is Secufiiy ��::`;_-_-_
<br /> � � �- tn the event ot a total taking ot the Proyerty. the proceeds shail be apP in which " ,:-...._�_..
<br /> ' InsGumen�whether ar not then due,w�dA����re�e��g�equaf oeor greate t an the�amount ot tde sums secured '`�
<br /> . � t h e f a t r m a r ket vaiue of the ProPertY --�'-'���=':
<br /> "'" ' by thts Security InsWment �+mediatety before the takin9. uniess Barraw�r en d l s rt d e r o t h e�w�+e a g r e e i� wrMc►9. the sums r,,�__,,�;
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<br /> , �• �?. � secu�ed by this Security Instn..nent shall be reduced by the amount of the proceeds muftiPlted by the foUowing fracUom. (a)the ,f -_
<br /> total amount of the sums secu:ed tmmeCiatey before the takin9• dNided Dy @)the fa's macket vaNe of�e�i�pe��madcet ' �'� ��. �._:,.
<br /> ' ' , before t he t a k i n g-M Y b$t a n�e s h a�b e p a t d t o B o tt o w e c In the event of a partial takin9 of the PropeRY _ ___
<br /> value of the Property immedtatery before the taking is tess Men the e�"°ur►t of the sums secured i mme d i a t e t y b e t o re t h e t a k i n g.
<br /> untess 8ortower and �der othervvise a�ee In wriUr►9 or unless eppifcabie law otherw(se provides. the DroCeeds sAatl be . :��.�'-�
<br /> .: �wr+j.;
<br />. . • appQed to the Sums secured by this Secur�Y�nSM+ment wliether or not the sums are tfien due. ; ; __
<br /> � • •-� It the Property is abandoned by Bortower,or tl,after not�e by Lendar to 8ortower that the condamnor oNers to maece an . :;,;,.�_::��=-.
<br /> � award or settte a claim tor damages. Bortower faits to resDond to Lender wtthin 30 days atter the date the notice ts 91ve►�. , •'rY„�
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<br /> � . �; � Lender is authorized to col►ect and epDly the P�aceeds,at fts option, e'dher to restoraUon or repab ot the PropeRy or to the . _�Y�.
<br /> � • � sums secured by thfs SeauritY insbument,whether or not then due. r�catlon ot pmceeds to princtpai shall npt extend or . '
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<br /> � � � Uniess �ender and Bortower otherwlse 8gree � ���9• �y �s 1 end 2 or change the amount of suCh payments. _;, :«`.'<`_
<br /> ��� , �;.,;I�, postpone the due date ot the monthy payments refeRed to tn paragrap • ,. ,`', -
<br /> � � 11. Borrower 1�ot Reteased;For6earance Hy Lender Not e Wa�ver.Extension of the time for payment or � ..,, ;.;� o.Y:
<br /> .";�,'�'� �'-�
<br /> :nodiNcation of amortimtion o`Lhe sums secured by this Securdy Insuument granted by 1-ender to eny successor 1n nteresl at `L
<br /> � 80aower 5ha11 not oper8te t0 release tt�fabil�ity of the original 8ottower or Batrowers SnCCessors fn{nterest. lender shaU not ����^��c'n�;:.,�_.
<br /> ba requVed ta commence proceedings �r mst any successor fi interest or refuse to eoRend time for payment or otherwlse . . .�.�_
<br /> modify amor.zatton of the sums secured ty this Securityr Instrument by 2ason of any demand made by the origfial Borcower or
<br /> Borrowers successors (n tr'srest AnY forbearance by Lender In �isin9 anY right or remedy shall not be a walver of or .
<br /> preciudo the exeroise o1 eny r+5ht or remedy ,`j` .�•:. .•
<br /> � 12. Successora and Assigns Bound; Joint and Several Llability; Co-sl9ners.Tne covenanes ena
<br /> � agreements ot this Securiry Instrumen!shall bind and benefit the successors and essigns of Lender and Bortower,subject to the .
<br /> � . . . . prwisions of peragraph 17. Borcowers covenants end agreements stsait be joint and severa�• AnY Borrower who i�a onvey ._
<br /> � ' Security Instrument but does not execute the Note: (a)is co-signin9 i'�is Security Instrument onry to mortga80.9� � � .
<br /> that Borrower'S interest in the Ptoperty under the terms o1 this Security Instrumen� (b) is nOt personatry obifga2ed to pay the F. :
<br /> ,,,;�,�... . .
<br /> sums secured by this SecuiRyr Instrument; and(c)agrees that Lender and any oiher BoROwer m8y agree W extend,modity, .`�,,.
<br /> • .- larbear or make any eCCOmmodetions wilh regard to the tertns of this Securiry Instrument or the Note without that BoROwe.'s _
<br /> • . � consen� �
<br /> ; � ' 73. Loan Chargea i� me �oan secured by mis Securdy Instrument �s subJect to e law which sets maxUnum loan
<br /> charges, and that law is Nnalty Interpreted so that the interest or other toan charges colleCted or to be collected in connecUon
<br /> wfth the loan exceed the pennitted�rnks�then: (a)eny Such toan Charge Shatl be reduce0 by the amount necessary to reduCe
<br />- � tne charge to the permitted limit; and(b) any sums atready cottected from Borrower which exCeeded permitted Iimits will be ._
<br /> � refurtded to Borrower. Lender may choose to make this retund by reducing the principal owed unQer the Note or by making a
<br /> � � direct payment to Bortower. If a refund reduCes principal, the reducNon wiil be treated as e partia� prepeymant wfthout any .
<br /> � • • prepayment charge under the Note. ��
<br /> ' 14. NoUces. Any notice to Bonower provlded for in thls Sacurity Instrument shall be given by delivering ft or by mailing it
<br /> : � j by fvst cl�ss mail untess applicabie Iaw requires use of another method. TNA notice shall be directed to the PropeAy Address
<br /> � or any other address 8orrower designates by notice to Lender. Any notiCe to Lender shall bo g�ven by first class mail to
<br /> Lender's address stated herein or any other address Lsnder designates by notke to Borrower. Any notke provided for In this
<br /> . � Security Instrument shall be deemed to have been glven to Borrower or lender when given as provlded in this paragraph•
<br /> � • 15. Governing Law; SeverabiUty. This Security Instrument sAall be govemed by tederal law and the �aw o1 the .
<br /> jurisdiction in whicA the Property Is toceted. In the ovent that any provision or clause ot this Security InsWment or ihe Note
<br /> givencettect without t�e confl�cting provision.hTO thiseenCtthe p ovis�ons of t ishSecu�rityr�stru eMeand the No et a e d clar dbo . ,
<br /> be severable. � ,�
<br /> !6. Borrower's Copy. BoRawer shall be given one contormed Copy o}the Note und o�thls Secur'rty instrument.
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