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<br /> c , . � Borrower may wre such a detautl and renstffie. as proNded tn para�aph 18, bY rausin9 the acUon or proceedsn9 to Ge � ;;.��', ���
<br /> • c ' �ismissed with a n�ling that. in Lertder's good fafth determinaHon.Prectudes foAeiture of the Borrawer s B��shaU also be in� . � - - .�,
<br /> � ' � .. � othv mateda!impaUmeni of the Uen ceated by thts S..'curftY Instrum�t or LenEeYs security Uiterest , ,'• ` s. ;Y:
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<br /> . detauh H Bortow�.durtng ffie loan aPPUcatlon proc�ss.gave materiaUyt tatse or inacwrate iMo�matlon or sYatemerrts to lender(w� . ` `
<br /> . � . ` tailed tn provide Lender with argt maiertat inTomiaUon) in eonnedlon wdh the loan ev3deneed by the Note. indudutg,Out not � � t`t�,
<br /> . - fim'�ted to. r��eseMatlons coneeming Bortower's aaupancY W the Properiy as a ptincipal residertca 11 thIs Secu�y � �.�_� t .
<br /> Instrument ts on a teasehotd 8ortower shall campiy with e9 the pravisions ot the tease. It Bortower ecquUes tee title to the � c`: � � �_�=`1
<br /> ' .' pmPerry.the leaseho[d end the tee tiife shali not merge uniess�d�Bortowe►�laits �tog P��e covenarrts and a�eeme�s ': �
<br /> • .: � ' �', 7. P�Ledlon of L�ender'a Righ4s to the Propesty. �tece Lendds d fn tRe Prapertyr � . •`, .. �
<br /> � �
<br /> contained in thts Secu►ttY instrument,or there is a tegai proceeding that maY siytific�y► :`
<br /> ti . (such es a proeeedi�t9 in banktuptcy.Prol�ate.for candemnaHon or tarieidne or to erdocae(aws or regutations).Nen Lender may O �,�`. ,._
<br /> , .� � do end pay for whatevar is nQCe�sary tv protect the vahte ot ttie Ropery and Lender's dghts in the FropertY. Lender's actlons
<br /> � .-- -•�•r.! may inetude paytin9 enY sums secured by a iien which has pdorfry over Ws Secur�y lnsUUmert. aPP�9 � CO� ��9 ` .
<br /> �-��•`:`-"" .- i reasonabie attomeys'fees end enteMg on the Praperty to make repairs.Ait�ough Lender may take actfon unde►tfifs para�eph .' :: `..
<br /> -�� 7.lender does not have to do so. ? --
<br /> -, � i -<, E My emourrts disbtused by Lender under paragraPh 7 shail beeome adddlonaf d�t af BoRavrer seeured by this Serairfty r� ... ' -
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<br /> , �` � In s tr um e n i. U n t e s s Borrovrer end Lender acyee to other tertns ot Paymerrt.lhese amounts shaU bear int�est nom the date o1 �F ' ° `
<br /> . �sbursemetrt at the Note rate and sfie0 be payah!&w�h iMerest.u�suranee ase conditiont of maidng the loan secured by this
<br /> ' 8. MoRgage Insurance. It Lendet requtred mortgaSe .
<br /> Secmity lnstrumen� Bortower shaU pay the premiums required to mainteln the rtortgage insurance in eftect-P f�� �°�d o ' �`
<br /> - � ' • mortgage insurance covetage requUed by Lender tapses or eeases to be in effect. Barrow�sha0 PaY h►ffierK to the `' ' YY``•�`
<br /> � ahtetn coverage substantisitY e4uha►eM w the moRgage tnsurance previaus�t in etiect.a!a cost substantta1tY �N ` -=�,:':
<br /> ' cost to Bortower ot the mortgage Insurance previousiY in ef[ect.V°m an e�� moRgage insurer appro�►ed by Lender. it _ _
<br /> � ivalent moRgage insur�ce caverage is not avaHsbi� Borrower sha0 paY to L�der eae� morrth a sum eQuai to
<br /> . �' � subsffirtlalt5►eqs+ — ..a..
<br /> onedwelftt�ot the ysarly moRgage Tnsurance premium being P�d�a loss reserve tn�af mogage�surance. Lo��erve � . t.�
<br /> :: � be in effed. Lender vn11 accep4 use and retair►these paymenta • - .v...
<br /> ����y n��engp be requ�red,at the option o1 Lend� if moRgage insurance cov�a9e M the am°uM end tor the pedod _
<br /> . . ° ' that F.enQer requbes)provided by an insure► approved by Lertda aga6i becomes availahte and is abtaiaed Bocnmer shall pa5►
<br /> - � tAe praniums required to matntain maR9a3e insurance in dfect.or to provfde a toss resenre. ur�the cequU�nent tor mortgage -
<br /> � � � • fisuraRCe ends tn accordarice wfth any written agreema�t between Bortow�end Lender or eppiirabte Iaw. : '..,�_
<br /> � 9. Inspectton.Lender or its agent may make reasonable entries upon and inspecdons of the PropatY. Ler►det shaU gh►e • .,�` ,��:�'_-,`=
<br /> ` ' ,�� Bortower nottce at the Ume of or pflor to an inspectlon spedhlin9 reasonabte cause tor the fnspectlon. .��-. ` 'ts�-.:
<br /> � ' � 10. Condemna4ton.The proceeds ui anY award or claim Tor damages•d'uect or wnsequerrtiaf. in connectIon wiU�enY __ _%" �;.3:<._
<br /> condemnaUon or other taWng oi enY part o�the Property,or tar comeyance in fieu of eondemnaUon, are hereby ass�9ned and . ;"x���_,
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<br /> . ahaU Ee paid to Lertder. .: .��
<br /> • (:,l In the eva�t of a tatal taking of the Propedy. the pmceeds sha11 be applied to the sums secured by this Sewrity '.�`,:�;;�; �
<br /> in which ':. ,�a.ti,,�:,�:
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<br /> � - ` � .. Instrument,whether or not tfien due.wfth any�ccess Paid to Borrowe�. In the evecrt of�P��ouni ot the snms seared �'w..�.ri�' �
<br /> ' ihe tait matket vatue o1 the Properlyt immedfatey before the takn9 Is eq++ai to or greate► . ��'
<br /> ` ..���� by this Securlly (nstrument Imme�atef}I bdore the taWng. uniess Barrower and Lender othawise agree in writfng.the sums F. ,•:::�i��,
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<br /> s�cured by this Seau�lY�nsWment shaU be ceduced hy the amount ot the pro��m����e of the PropeRY�hnmeematetY �, 1��`r$��"
<br /> • totai amouM of the sums secured Immediately betore the mkfng,divtded by(b) �Wfi��the tair maticet �
<br /> .: �' � 6etore 1he ffikfng.Atry bafance shall ba paid to Bortower.In the event of a pardal mking ot the ProDe�t7l , �1�:-
<br /> � immed' before the taldng is tess than the amouM of the sums seeured imcnediately hefersa gh5hal�e ''•-���
<br /> value of the Properry �Y �ipbie law othenvise provides, the proeeed ,
<br /> � � unless Borrower and Lender otherwise agree in wriUng or unless epp � :�' <: p'^�:��;
<br /> � , ` •� appGed to the sums secured by this Sewrity�nstrument whether or not the sums are then due. �, ���•;t._
<br /> • Ii the propeRy is abandoned by Borrower,or tt,after notice by Lender to Borrower that the condemnor aRers to make an r._� ._
<br /> � award or settte a claim for damages. Bortower ta(Is to respond to Lender w(thfn 90 days after the date the noUceor to tha • � ..�`-���'
<br /> � - Lender Is sulhonc�ed to coUect and appty the procee3s,at its opUon, etther to restoration or repaU oi the Froperty :;�._;a_
<br /> � � sums secured by thts Seeurily Instrumen�whether or not then due. ��`
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<br /> ' ' Untess Lender end 8orrower otherxise agree in writing, any appiicxUon of proceeds to pdncipai shall not exte�nd or . �L`Y`
<br /> � . . � . pastporte the due date of the maMhty paymeirts rete►red to in para�aPhs 1 and 2 or change the amount o1 such payme ' . -,�.�-.Y,
<br /> ' 11. Bor�wer Not Released; Forbearance By Lendor Not a Watver.Extens�an ot me time tor paymem or ,i:� ;
<br /> mod'�flcation of amoNmtton of the sums secured by this 3ecurilY Instrument�arrted by Lender to any successor In Interest of :.;,��:
<br /> � ' " gorrower shaU not operate to retease the IIaO(lity of the odginal Bortower or Borrowers suceessors In intaesL �nd�fr�sh�ga • �1;.
<br /> � ' be required to commence proceedings against any successor in interest or retuse to extend Ume tor paym
<br /> ' madify amoNzation ol the sums sewred by this Security Instrument by reason of anyr Gemand made by the odg(nal9o:rawer or ;,,'�`�
<br /> - � � � Borrawer's suceessors in fiterest Any forbearance by Lender in exercising any dght or remedy shail not be e weiver o! or • ,}t , ,
<br /> • � preciude the exercise ot arry�ight or remedy.
<br /> . r=..--., Joint and Sever�l Uabitity; Co-signera The covenants and
<br /> 12. Successors and Aasigns Bound; •
<br /> � � � agreements of this Securily InsWment shall bfid and beneflt the successors and assigns of Lender and 8orrower. subject to the _
<br /> ._ • •• provistons of paregraDh 17• Borrower's covenants ertd agreements shall be joint and several• Any Bortower who eo-signs this
<br /> Secudty Instrument but does not execute the Note: (a)is cogigning this Securriy Instrument onty to moRgage,grant and corney
<br /> ' that 8orrower's interest in the Properiy under the terms of thls Securiry Instrumen� (b)is not persona�y obligated to pay the •t,�• " . .
<br /> � � sums secured by thls SecuritY Instrumen� and(c) agrees that Lender and any other Bonower may egree to extend,modiiy,
<br /> torbear or r.iake any accommodeUons wfth regard to the tertns o1 this Securiry tnsUUment or the tYote wtthout that Bortower's
<br /> consent.
<br /> � 13. LOaT1 Cha�ge9. Ii the toan secured by thls Security Instrument is subject to a law which sets maximum Ioan
<br /> ' charges. and that law is flnally interpreted so thei the interest ar other loan charges collected or to be collected in connection
<br /> � wflh the loan excesd the permitted limits.then: (a)any auch loan charge shail be reduced by the amount necessary to reduce . .
<br /> the charge to the permitted lim�; and (b)any sums elready cottected from Borrower which exceeded permitted limfts wfil be ,, .
<br /> � � relunded to Borrower. Lender may choose to make this retund by redudng the pdncipal owed under the Note embW�hr�Wnan '.
<br /> ; . . � direct payment to 8orrower. It e refund reduces principal,the reduction wi0 be treated as a partlal prepaym Y
<br /> prepayment charge under the Note.
<br /> 14. lllOtiCe9.Arry notice to Bonower provlded ior in this Securlty Instrument ahall be qiven by delivering it or by mailing R � `
<br /> • � � � by tirst clase mall unless appticabla Iaw requlres use o1 another method. The noUce shaU be directed to the Property Address
<br /> or any other address 8ortower designate9 by no5ce to Lender. My notice to le�der shall be given by first class mail to
<br /> .� Lender's address stated herein or any other address Lender designates by notice to 8onower. My noUce provided tor In ihis
<br /> , Securiry Instrument ahall be deemed to have been given to Borrower or lender when ghren as provided in thb paragraph.
<br /> � 15. �oVe�ning L8w; SeVe186ility. This Security InsUument shail be govemed by tederel law and the taw ot the
<br /> jurisdiclion In which the PropeAy is Iocated. In the event that eny provision or clause o1 this Secudry Instrume�t or the Note
<br /> � • � wntliets with appticeble taw. such conflict shaU not aNect other provisions o1 this Security Instrument or the tVote which can be • '
<br /> � . : ` given eHecl without the conflicting provision.To ihis end the provislons ot this Secudty Instrument and the Note are dedared to
<br /> _ . • . . be severable.
<br /> ' + 16. BorrowePs Copy.Borrower shall be glven one conlortned copy o1 the Note and ot this Security InsUurreenG
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