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<br /> � � ` h 18, by caustng the ection or proceeding W he � . �
<br /> - ' ' Borrower may cure suCh a detautt and re�si�e. 8S provfded in P�S�P
<br /> _ • • dismissed wnh a ruGng tfiat.in Lenders good ta31►determ�ation.Prechides torfa4ure ot the Harrower's(nterest�the Property ar .�„�� .s `
<br /> � other materal impaairmment of ihe Gen created by this Securiry Instrument or Lender's securidY Intecest. 9orro+�ve►SRal1 also be tn .
<br /> . defauP.�Bortower.durin8 1ha toan aPDGcation pracess.9a�a�eriatly t a�e or l naceu r a t e t n t o m�a ti on or sffitemerrts to Lender(c► � .
<br /> <- � �� faited to p�ovtde�nder w3h enY materfa���Om�a�on�� �onnection wBh the toan evld�nced by the Note,a�ciuding. but rtot � , _
<br /> ;� ,� , : .: I'unitsd to, �eD�ese�Yations Conceming Borrowers oxupancy of the Property es e prinCipal rasidenee. If th�s Secu*�y �
<br /> ` ` InsUument s on a teasehotd,8orrower snan compry w�h atl tAe prov��ons ot t�e tease. It 9orrawer acQ�tres tae t��to the .. •��, .
<br /> � ° ProPertY,the tQaseho(d and the fee tiU9 sha0 not marge untess lender a�ees to the merger ir►writfig- d. ,c:� `. .: '; , � .:
<br />-�` ` � 7. Pro4ec�on ot Len�er's Righ4s in the Property.��eorrower �ats co perrorm me covenan�s and a�eeme"es . ._ ..
<br /> � � coMatned in this Securny Instrumant. or there is a iegal proceedtn9 that maY significantty aftect LenQsrs rights in Me Properry � . �:� '��:.
<br /> � ` � • . � (such as a Oroceed'mg o�bankn+Ptcy,Orobate.tor condemn8tian ar fo+te�te or to sMorcs�ativs or regutations).the^Lender may
<br /> ' � do and pay tor whatever is necessary to protect the vatua of the Property and Lenders rights m the Property. Lender's actions � •
<br /> � - 1 may include payrci9 any sums secu�ed by a lien which has p�iority over this Secu►itY Inswment. appeartn9 in court. PaYm9 - -- - -, �
<br /> t� -- --3�-� ressomdble attomsYS�tees and enter6�g on the Property to make reAsus.Afthough tender may telce actkm under thls P�9�Ph _ :___ . _.
<br /> . � .� 7,Lender does not have t0 d0 So. ' F
<br /> My amounts disbursed by Lender under para�aph 7 ShaU Decome adddional debt of Bortower secure0 by this Security
<br /> � " � Instrument Untess Bortower and Lender agree to other terms of payment,Mese amounts shau hear interast trom the date al
<br /> ;'� disbursement at the Nots rate and shall be payab►a with interest,upon notice f►cm lender to Bortower requesGn9 PaYmen4 � . .
<br /> ''i �' 1 . $. Martgage Insurance. t} �end��ew�red mortga,qe msu�anee as a eand�on at makfrtg the loen seCUred by this .
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<br /> �� Security Instrun�ent. Bortower shail pay the p�emiums required to mainffi'u�the mort8age msuraece in efteCt�!.for any reason, t�e 'f;,r � � .
<br /> _'.°7 . , � . . -•,� mortgage msurence cwera9e reRutred by Lender tapses or ceases to be tn effect, Bortow2r shall pay the premiums requtred to , . ,•
<br /> ; obtafi coverage su6stentiaRll e4uivatent to the martgage insurance prev(uusry tn eBect.at a cost substantta1tY e4�rvatent to tha : •4 ,,i. :
<br />'-d:' . • '`F� cost to Borrov+er ot the mortgage insurance previousy in ef(ect.trom an aRemate mortgage insurer approved by LenQer. il . ' r:l ,.,;.
<br /> ' y�uby�anHalty equivatent mortgags insurance coverage is not ava�abla. Barrower ShaU pay W Lender each montN a sum equal to .;}�* _
<br /> ¢'` mo a e Insurance premium 6eing pa►d by Bottowar when ttre fnsurance covemge tapsed or ceased to • � -n��,_
<br /> :� •�`_ ; on�twelftb af the Year�Y R9 S ,. ,-: :���_-
<br />_..+,. , . , rtlsul8IIC8. lOSS 185BN8 .
<br /> � be in effect. Lende wiU BCCept, us6 and reffirt� tAese payments as a Ioss resente in fmu of mortgaSe� ..<.-_ `•
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<br /> . payments may no tanger be required$�the opUon of Lender,if martgage msurence coverage(in the emount and tor the period � .� ,,�� �;� �_
<br /> .1: . . ,.�_i that Lender requQes)ptovided by an insucer appro+red by L.ender e�qain becomes 8va3t�ebte sod Is obmined. Borrawer sha0 pay _ + :,�';
<br /> the premi�r�s m4uired to maintah► mortga9e msurance In effact�or to Provide a toss c�serve.u�1 the requtrement for mortgage ��:2, :
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<br />;;;;`��,' inswance ends�►accardance with any written agreement beYween Borrower and Lender or appikabte taw. .`.+•:�_
<br /> Y�� 9,insp@CtiOA.Lender or its agent may make reasonabla entries upon and inspections o!the Froperiy. Lender shaD give _..
<br /> 'z. Borrawu notice at tAe time of or prior to an mspection specdying reasanable cause tor the inspection. - -- - ,�'�
<br /> ' � 1�. Condemnation.The proceeds ot any awetd or Claifn for dem&ges, ditect or consequet►Ual.in co��ecticn w�Th eny �;��`
<br /> .'4r �. condemnation or other takfi8 of any part of the Property, or Mr convayance� Iieu ot condemnation,are hereby essigned and • •:�-.-
<br /> •� ' shall be pa�d to Lender. � i�
<br /> ` � � � � In the event ot a toml taking ot the Property. the proceeds sha0 be appiied to Me sums secu�ed by this Securny �;
<br /> � Instrument, whether or not then due,wfth eny excess Paid to Bortower. In the event ot a partfal takirt9 of the Property fn which ..``_��-';
<br /> � the faU market vatue ot the Praperty immediatery betore the teking Es equai to or greater than the 8mount at the sums secured .�,,,;,�;V;
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<br /> l�� by thfs Secu�ity fnsuument immediatey batore the taking, unless Botrower and Lendar othenvise agree in writ(n8� the sums ._ �.�.�-
<br /> ' � secured by this SeCUrfty Instrument shail be reduced by the amount of the Dro��mutUpOed by the foltowmg traction: fa)the ':.r:% :•�4,_
<br /> total amount ot the sums secured tmmediately before the taking,divided by (b)the fair market watue of the Property immediatey ._ �. ';.;;�,�:;
<br />_ � • betore the iakmg. My balance shatl be paid to Bortower.In the e�ent of a partlal taking ef the Property in whfch Me fab maAcei , . � �er-�
<br /> ���� vatue of the Properry immediatety before the taking is less then the amount ot the sums secured immediatery betore the faktng, ._.p:?
<br /> � untess Borrcwer and Lender otherwise agree in wKtin9 or uniess applicabie taw otherwise provides, the proceeds shall be r'�_
<br /> - � appiied to the sums secured by this Security Instrument whether or not the sums are then due. :�_s�
<br /> _ H tfie Praperty is abandoned by Borrowet,or H,after notice by 1.ender to Borrower that the condamnor oHers to make an . .° �._
<br /> � award or setll� a ctafm tor damages, Borrower tails to respond to LendBr wtU�in 30 days after the date the nottce is glven, ,'�•;��,;
<br /> Lender Is authorized to coilect and appy Me proceeds,at its option,efther to testoration or repair of the Property or to the . "-
<br /> � ' � sums secured by this Securiry InsVument,whether or not then due. • �?
<br /> Untess lender and Borrower othenvise agree in wfdin9� anY eOD�ication ot proceeds to princ�al shatl not extend or . , ::�.;,_`
<br /> � postpone the due date of the manthry payments reterred to in paraBraDhs 1 and 2 or chango the amount of such payments- , �I(:::
<br /> � ' 11. Borrower [Vot Released; Forbearanee By Lender �9ot a Wetver.Extension of the Nma tor payment or •. „r
<br /> � modification of amoRf�tion of the Sums secured by this Securily Instrument granted by Lender to any SuCCessor in tnterest of •� �.,. .,, _
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<br /> Bortower shall not operate to retease the I t a b i l i ty o t t h e o r i g f n a l B o n o w e r o r 8 o rt o w e f s s u c c e s s o r s i n i n t e r e s G L e n d er shall not •;..-
<br /> . ` � be requUetl to commence proceedtngs against any successor h► interest or retuse to eutend time for paymen! ot otherwi58 •
<br /> � � � modityr amontration of the sums secured by this Secutily tnsuumeni by reason of any demand made by the otiginal 8ortower or ..
<br /> � � Bflrrower's successors m interest My fobearence by Lender In uxercising any right or remedy shall nat be e waiver ot or . ,
<br /> ' � preclude tha exercise of any right or remedy. • •
<br /> : � � 12. Successo�s and Assigns Bound; Joint and Several Uabflity; Co-signera rne covenants ena :
<br /> ��`'�, � agreements of this Security Instrument shatl bind and benefit the successors and asslgns of tender end 9orrower,subject to the . .
<br />' �,.;,, ' . provisions of paragraph 17. Bortowafs covenants end agreements shail be Joint and severaL MY BoROwer who co-signs this
<br /> • Security Inctroment but does not exacute the Note: (a�Is co5lgning this Securityr Instrument onry to moRgege,grant and corney
<br /> that BoROxers interest in the Property under the terms of this SeCUrRy Instrumenk (b) is not personalry obVgated to pay the ,
<br /> , sums secured by this Security Instrument; and (c)agrees that LenQe�and any other Borrower may agree to extend, mod'Ay. :
<br /> ' ' . , � torbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrowers
<br /> consent.
<br /> ����� � 13. L08Q Chargea. tf the loen seCUred by this SeCUrity Instrument ls 3ubJeCt to e 18w which sets meximum 108� , •
<br /> � � charges, ar0 that law is finally Interpreted So that the interest or other l0an charges collected or to be collected In ConnecUOn
<br /> � with the toan exceed the permitted I'unils,then: (a)any such toan charge shaif be reduced by the emount necessary to reducg
<br /> ' the charge to the perm�tted ��fi and(b)any sums etready colteCted hom Bortower which exceeded permitted limits will be
<br /> • • � � refunded to Bonower. Lender may choose to make this relund by reducing the prmcipal owed under the Note or by making a ;
<br /> � . � direct payrrent to Bortovrer. If a reTund reduces principal.the teduction wfll be Veated a5 a partial prepayment without eny �
<br /> ;: . : � prepayment charge under the Note.
<br /> , 14. NOUCC8.Any not�e to Bortowor provided tor in this Security InaWment shall bo gNen by delivering it o�by mailing it
<br /> ' by first class mail unless epplicabie law requires use o} another method. The notice shall be dlrected to the Property Address
<br /> ,�. • ' I or any other address Borrower designates by noUCe to Lender. Any notke to Lender shall be gNen by tirst class mad to .
<br /> � : Lenders atldress stated herein or any other address Lender designates by notice to BonowAr. My notbe provided for in this
<br /> Securityr Instrument shall be deemed to have been given to Borrower or Lender when given es pravided in this paragraph. _
<br /> � 1 S. Governing Law; Severability. Thls SeCUrity Instrument sh811 be gOVernod by federai law &nd the 41w of tne .
<br /> � � jutisdiCt�on n whioh the PropeAy is Ioceted. In the evant thet any provision or C�BUSe of this SeCUtity Instrumsnt ot t�e NotA . .
<br /> , � contlicts `�'��'h�fiout t e conliicting p ovision,hTO Shiseend�the prop sons o}t is Secueityr nstr mem�end the No et are declaredto � �
<br /> given ettect w •
<br /> `. ` � be severab�j.
<br /> �'� . 16. Bor�rower's Copy. Borrower shall be g�en one conformetl copy of the Note and o}thls Security Instrument. ,
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