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<br /> . ` '_ _ ___ . _. "_ ._:-. . -. .- .... . . "'___-�'��.� . . _" ____" .. "_. '-^' --.�:�-T'T'-- . '_
<br />� . - .-� .., ' - , - . ? . . �t . . � . , . , . �, . t ..Y .`it -.
<br /> i t��d �n �wr.�arann tA. by �ustng the action or Procaod�nq to Do �- ---_--- --_-- 3"
<br /> � ' Borrowe� m3y cures such a detauit and relf�5tata. a.> F�� .. M
<br /> d�smtssed wlth a ruling thnt. m Landars good farth detemunatto^gtpuedndeQ Le dQr's secuntyonteWestg 18oertower shatiPatao�b�In �--T '.'.-
<br /> other matcrl�l�mpstrtnent of the tien created by t4�t� Securty � ,. �
<br /> . dttnuit� 8 avide Lender9wdh 1any mat�alclnformaGOn)gm�canoecU n'w th the oan evidencedaby the Notem ncludmge butr not < ' . ` ( '�'
<br /> fa�,ed to p � � . t�!
<br /> limited to. representaUons conceming Borror+er's ouupan�y o1 the P►oPerty as a Principal residence. If this Securrty '�t
<br /> �� ; Instrument IS on a leasahold. Borrower shail compty wiSh all ihe provisions of the lease. It Bortower acquires tee tiUe to the v L'_•
<br /> prcperty, the leasehold and the tee tiUe shail not merge unless Lender agrees to the margar m writing• , �.
<br /> `� 7. Protectlon of Lender's Rights !n the Property K 9oROwer taits to periortn the covenants and agreements � ,
<br /> � contained in this Securfty �nsWment. or there is a�e9a� Proeeeding that may signficantiy aftect Lender's righis m the Property � �
<br /> (such as a proceeding in bantwAtoY• Probate. for condetnnatlon or forteiture or to entorce Iaws or regutations).then Lender maY rrr o �� ' ��,.;
<br />` � for whatever is necessary to protect the value of the Property and Lender's rights in the Property Lender's acUons � f ;
<br /> do and pay over this Securtty InsUument. appeann9 m court. paying
<br /> - - may inc�ude paying any sums secured by a iien which has pnority � r . - ,_ ----- 3�•
<br /> reasanable attomeys' fees and entering on the Properry to make repairs• Although Lender maY take adion under this paragmPh �
<br /> 7, Lender does noi have to do so. • � '
<br /> • pny amounts disbursed by Lender under paragraPh 7 shall become additional debt of Borrower secured by this Securiry {•
<br /> Irtstrument Un:ess Borrower and Lender agree to other tertns of paymen� these amounts shall bear interest fro ath endate of ,.
<br /> disburseme,nt at the Note rate and shall be payable,with irterest, upon natice trom Lender to Bortower requesting p ym . {
<br /> 8. Mortgage o�w shaU.p Y th dP�m ums aequi eda90 maisiffiin the mortgage losurance'�mneffect If.for an�y reason.the ; ' .
<br /> Securiry instcumen� B • '
<br /> "� ; moRgage insurance coverage required by Lender lapses or ceases ta be in effect. 8onower shall pay the premiumN��?mdthe %"�>-��.
<br /> obtain coveiaga substantialty eQ�ivalent to the mortgage in�urance Prerio�s�1 �� �Ne�• at a cost substantialN eq�� 4
<br /> cost to Borcower of theo°a9e9nsurancecco ere9QU�s not avaitable.�Bo ower shall PaY toalender eachPmonth a sumeequal to '• J�..F� ±- }
<br /> substanUally equvalent m rtg g • ::���
<br /> • one.tweifth of the y��N mortgage insurance premium being paid by Borrowe►when the insurance�o e�su'rancea I-oss reserve :—
<br /> � be in e ff e G. Lender will acceP�use and retain these payments as a loss reserve in lieu of mortgag .� �,�•f:i;,.�:_�,
<br /> .' ."f:`IE9`r:�=�
<br /> °.�!�.'_- payments may no longer be required, at the option of Lender,it mortgage insurannce covera9e Gn the amouM and tor the pedod = ,,c ';+s�.. t_
<br /> that Lendet requires) provlded by an insurer appcoved by Lender again becomes ava8able and is obtained. Borrower shall paY .f:.,� � �3 ��
<br /> � the premiums required t� maintain mortgage insurance in effed, or to provide a toss reserve. u�'ehlaw.QuiremeM tor moRgage ,r,./:; , • ��
<br /> , �.�
<br /> fnsurance ends in accord��ce wi[h any written agreement belween Bortawer and Lender or apP Le1��sh��e ,..�;,.: w,�`.:�.
<br /> :�:.qj�,' � .q?,. �
<br /> 9. (s�5g38Cklon.Lender or its agent may make reasaneble entries upon and inspections of the Property. '� '�
<br /> Borrower a�5ce at the tlme o}or pdor to an Enspection speci(y(ng reas3nable cause tor the inspectlon.
<br /> ci(� .
<br /> .%�u:
<br /> . 1 O. �andemnation.The proceads of any award o'dor conveyance� ��� co demeUon�are hereby asos 3n� �� � `' • ''�'
<br /> i''.. � .��'., ; a ..:
<br /> � ; condemna5on or other tafdng of any part of the Properry• • � Y�
<br /> • shall be paid to Lender. � '�''
<br /> �� In t he eveat of a total taking of the Property. the proceeds sfiail be applied to lhe sums secured 6y this Security ��
<br /> nt whether or not then due.with any excess Daid to Bortower. In the event o f a p e rt iai taWn g ot the Prop2riy in wh(ch ` �
<br /> , : ,•.: ,'?'��;: , ..
<br /> • :�.:;+ Instruma ,
<br /> � �"' the fair market value of the Properiy irranediately before the taking �s equal to or greater than the smount of the sums secured � .�-
<br /> � by this Securiry Instn+ment immediately betore the talcing, uNess Borrower and Lender otherwise agree in writing, the sums
<br /> secured by this SecuritY lnstrument shall be reduced by the amount of lhe proceeds mulUplied by the tollowing traction: (a)the �
<br /> totel amount of the sum�secured immedf�tde o 80 ower n�the ev�enteof a part�'al taklnr9 oi the Propertytin which the�t�ir8mi� `� ` �ia; ', .
<br /> . betore the teking. My balance shell be p
<br /> � � vatue of the Properiy immedlately betore the taking is less lhan the amount of 1he sums secured tmmediatety before the tak(ng, ,.`t: �4��
<br /> '" + untesa 8orrower and Lender othecwtse agree in wrtting or unless applicable law otherwise provides, the proceeds shall be ��
<br /> . , applled to the sums secured by this Securfty Instrument whether or not the sums ere then due. _ - .
<br /> If the Property Is abandoned by Borrower.or i1. after noUce by Lender to Borrower that the condemnor ofters to make an -�� ' , ;jy` ,;
<br /> _�
<br /> av+ar d or s e t t t e e e f a i m tor dama ges. Borrower tails to respond to Lender wfthin 30 days after the date tho naice is given. r„�.'.� `+
<br /> '�. Lender Is authorized to colfact and appy the proceeds, at its opUon, efther to restora Uon or r e p a l r o 1 t h e Pro pe r l y or to the ._ _
<br /> • sums secured by th}a Security Instrument.whether or not then due. • �
<br /> ' Uniess Lender and Bortower otherwise agree in writing. any epp�icaUon ot proceeda to pdncipal ahall not extend or -.,.:,- '
<br /> hs 1 and 2 or change the amount ot much payments• '': ���'� •
<br /> • • ppstpone the dua date ot the monthly payments refeRed to In paragraP
<br /> ±�;,��.
<br /> 11. Borrawer Not R�leased: Forbearance By Lender Not a Waiver.Extension ot the Ume tor payment or -Y
<br /> moditicaUon o1 amoNzaUon o1 the sums secured by this Sewrity Instrument granted by Lender to any suecessor in interest o1 _
<br /> �•� Borrower shNl not opetate too�edin s a'igainst�anY successor�n�IMerestrororefuse to exte�nd�time to paymentnorrothervuise — _ _
<br /> � be requtred to commence p 9 •_-- =
<br /> • modify amortimUon ot the sums secured by ihis Securiry Instrument by reason of eny demand made by the odgfial Borrower or `_� .x�—
<br /> Borrower's successora in interest. My torbearance by Lender in exercising any right or remedy shail not be a waNer of or — ' �
<br /> preGude the exarcise of Any dght or remedy. ___- =�' ':""
<br /> 12. Successmrs and Assigna Bound; Jofnt and Several Llabtiity; Co-stgners.The covenants end
<br /> . . agreements o1 this Security InsUument shall bind and benefR the successors and assigns of Lender and Bortower,subject to the :�� �_.
<br /> • provlsions of paragraPh 17• 8onowers covenants end agreements shall be joint and several. Any Borrower who co-signs this +.��
<br /> Security fnsGument but does not execute the Note: (a)is co-signtng this Socurity�nstrument onty to mortgage, g�ant and convey _� .
<br /> that Bortower's interest in the Properiy us►der the tertns o1 this Securiry Inswment; (b) is not personaily obligated to pay the
<br /> sums secured by thls Security Instrument: end (c)agrees that Lender and any other 8ortower may agree to extend, modify. � .r::;_.
<br /> . forbear or make any accommadaUons with regard to the tertns ot this Security Instrument or the Note without that Bortower's _
<br /> eonsertt. ` .
<br /> 1$, LpaY1 Chargea. It the loan secured by ihis Security InsUument is subject to a law which sets maxlmum I^„3n . _� . �� :v
<br /> . charges. end that law is finalty interpreted so that the interest or other loan charges callected or to be coilected in conneC on
<br /> witb the toan exceed the permitted tlmits. ihen: (a)any such loan charge shall be reduced by the emount necessary to reduce
<br /> the charge to the perm(tted Ilmit: and (b) any sums already callected from 8ortower which exceeded pertritted limits will be . . . ,-
<br /> � � refunded to Bortower. Lender may choose to make this retund by reducing the principal owed under the Note or by making a �
<br /> direct payment to Bortower• I1 a retund reduces pdncipal, the reductlon wiQ be treated as a partlal prepayment wtthout 8ny �;.�w.S,,_,.,
<br /> prepayment cfiarge under the Note. � .� ,�._,
<br /> 14. NOliCe9.�y notice to Bortower provided tor in thfs Securiry Instrument shall be gtven by delivennA it or by mading It
<br /> • by first class mail unless applicable law requlres use of anothe►methad. The notice shall be directi e^o ti e�f st PclassAmail to �� . ,
<br /> or any other address Borrower designates by notice to Lender. My notice to Lender shall be g Y
<br /> � Lenders address stated herein or any other eddress Lender designates by notice to Borrower. Any notice provided tor in this
<br /> f � Securiry Inslrument shaU be deemed ta hava been glven to Borrower or Lender when glven as provlded in thls paragraph• • �
<br /> 15. Governing Law; Sevorabllity. Thls Security Instrument shall be govemed by tederal law and the law af the .
<br /> • � Jur.sG cdon in which the Properry Is located. In the event that any provlslon or clause o1 this Security Instrument er the l��te
<br /> conflicts wRh applieable law. such conflict shall not aHecl other provisions of this Security Instrument or the Note which cz� be
<br /> � . '" gn;en efiect wfthout the contliccing provlsion. To thls end the provisions of th:s�curity Instrument and the�:�:e are de�tared to
<br /> � � be severable.
<br /> 16. Borrower's Copy. Bortower shall bn given one confortned copy of the Note and ot thls Secudry�nstrument. . '',�,.
<br /> , vagr 3 of 5 � if� �,/ �Lr� f[ , � , - � �
<br /> ����G ! � . .
<br /> . �-'-- -� , .......... - . �--,--�-----, �.
<br /> � 97016
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