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<br /> � ` ,6� rovided in h t8, by causing the scUan or proceeding to be ` � . � fo.
<br /> � �+ BaROwer may wte suCh 8 defauft and reins�te. es 0 R�8►aP .
<br />_n ,^ - ` . i . dismissed vfAl�e ruling thet.in Lenders good ta�th detertninatlon,preCtudes fartsiture O1 the Bortower's tnterest in the PropeRy ot ` .., � .
<br /> ,�> ..�'� :� . other materal hnpaimient of the Uen created by thts Sacur7ty Instrument or Lender's securihr Interast. 8orrower sAali atso 6e in
<br /> '� detaud 8 Borrower. during the tnan appli�adon process.8ave mateNtllN Iatse er tneceurate informatlon or statements to Lenaer(or .'<:_ `'. .
<br /> � � t� ta�78d to prov[de Lender w@h 8nY rtsater(at tnfomiation) tn Connectton wflh the toan evidenced by the Not9,inCNding,but not ;
<br /> �', y� ` ' • � lpnded to. *epreseriffiNuns aonceming BoROwefs occupancy of the Pmperty as a prinCiyal cesidenc¢. If thls Securityr <, ' ; `
<br /> Ustrument s on e �aseRotd, Bartow�er ShaU eompty r+3A all the Dravisions ot the ta3se• U Borrower aCquhes fae titte ro tAe
<br /> ProAerty.the teasehold end the fee t7t�stiat1 not merge urttess Lender agrees to the merger�writhig. ' . .. '��, ti,��
<br /> �� ` 7. ProtecBon ot Lender's Rtghts In the R�roperty.it sorrower raas to perform the covenants end agreemenb � �,�:,
<br /> � 4 conta�ed in tAls Se�ur�Y InsWment. or there Is a legal Pmceading that may S�nQfcanBY aNect Lersders rg�hts in the property �
<br /> � (such es a proeeed§�g in banlwP�Y.Rrobate,for candemnffiICn or fortefeue or to entorce taws or rpgutattons}.then Lender may ' �'�_
<br /> do and pay tor whatever is necessary to prot�et the vatue ot tho Property end lende�s rfghts rc�the Property. Lenders nctians . ; � ;�
<br /> .. ._ �, may tnctude paytng anY sums secured by a Iten wh�h has Prtcr�Y avar this Security Instrument, eDPe�B in court, payin9
<br /> - --- '- _ teasonabla aitomeys'tees flnd enLetirtg on the Property to make tepa65.Although Lender may tslce actton unQer thia paragraph � � _
<br /> - • . 7,Lender does not have to do so. 8►� . � �'
<br /> pny amounts dtsbursed by Lerider under paragraph 7 shatl become add3ional debt ot Borrower secured hy thts Securdy � . r . .
<br /> InsUUment Unless Borrower end t.ender agree to other tettns ot payment, these amounts shaU bear �terest irom the date of M+ �• t .�`�� �,�. : '�
<br /> ' � disbursement et fhe Note rate en d s h a 0 be payab l e.wIIh interest.uDon notke irom Lender to 8orrower requestin9 Palrmanf. (� ...� �.
<br /> . ' 8. Mortgage Insurance. It le�der te4uUed mortgage insurance as e conddion o!cnsku�g the Ioan sect�red by tnis � • . ,: °.�. � -
<br /> . ' - Securdy Instrument.Bortawer shaD pay the p�nn�ms ceRuired to maTntafn the mortgage insurance�effect.If,tor any ceasort,the -!.<t.., .
<br /> martgage insurance coverage required by Lender tapses or ceasas to be in eftect. Bortawer ShaA pay tAe premiums requtred to ; , •. `-
<br /> . . obffiin coverage substant(aQY equivatent W the mortgage insurance prevtoush In eHect.at a cost SubstanUalryl equlvalent to the , , .r'. .,�•. °;;'_
<br /> � cost to BoTOwer of the mortgaga insurence previousfy � effect. from en aftemate mortgage insurer apprmred by Lendar. If .� � -
<br /> � � substantially equivatent martgage hsurance covetage is not avai�bte.Borrower shaU pay W Lendet each morRh a sum equal to � ., _ _
<br /> ' ' � onatwetfth of the yeaAy mortgage insurence premhun being paid by Borrower when the insurancs coverage lapsed or cessed to -__
<br /> , be fn eftect. lender w�l accep6 use end rem6i these PalR�ants as a loss resenre In 8eu ot mortgage insurance. Lass reserve • . .—�.-
<br />'� � ' payments may no langer be requted, at me aption of Lender,if mortgage tnsuiance coverage(in the amount and for the perlod .
<br /> � - that Lender requires)pro+rided 6y an insurer approved by Lender again becomes ava�able and is abtamed. Bortower shall paY -
<br /> � , � � �._'� the premiums requhed to maintain mortgage fnsurance m efl�t,or to provide a loss reserve,until the requ3rement for moRgage ___
<br /> insurance ends In accordartce wRh any written e9raement beMreen Bortower and Lender or appQCabte law. r
<br /> . � ' `" 9. rnspectton.Lender or fts egent may make reasonabb enMes upon and inspecUcns of the Property Lsnder sheD 9� _ :�-�
<br /> ! i � Borrower notice at the thne of or prior to en mspectlon specUyln9 ceasonabte cause for the tr�speCtion. --�
<br /> 10. Condemnatton. The proceeds of any award or ctaim for Qamages, dirsect or consequenttal, In connectlon with any �rr��----.
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<br /> , conQemnatio�or other taktng of eny part of the Property, or for canveyance En tieu of eondemnaUon,are hereby assigned and .� .��r=�T:
<br /> 5ha0 be pa�d to Lender. ^=� - � �— -
<br /> _ � " 1n the eveM W a total tek�9 of tpe Property, the proceeds shaU 6e applted to the sums secured by thfs Securtly ,,;: r�,�__�
<br /> • Insttument, whether or not then due, with any excess Pe�d to Bonowec In the event of a partlal takNg of the Property In whlch -�--°��_
<br /> • • the fatr market vatus of the Property lmmediatey before the taktng is equal to or greater than the amount of the sums secured � '��"
<br /> � • by this Securityr tnstrument immedtatAty belore the taktng, unless BoRawer end Lender ottien�rlse agree In wr�in8. me sums ��:����:
<br /> • secured by thls Security InsWment shaU 6e reduced by the amount of the proceeds mulGplted by the to4owing fraction: (a)the ��,ri� �
<br /> ' ` total amount of the sums secured lmmedlafsty before the tatcfng,dNtded by (b)the tah maAcet value ot the PropertY immadiatery <:''. =
<br /> • betore the taktng. My balance shall be D�d to Bortowet.tn the event of a partlal talcln8 of the ProDaRy in whtch the tatr market
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<br /> � va(us of the Property fmmediatery 6etore the taktng Is �ess than the emount of the sums secured immediatey 6efore the taktng, . . } .a;.,t..
<br /> � unless Borrower and Lender othen+vise agree in writmg or untess appllcabte law otherwise provldes, the proCeeds shaU be . � ;,y„�.,_
<br /> • applfe0 to the sums secured by Mts Securiry Instrumen2 whether or not the sums are then due. , ;:�.��
<br /> If the Property 1S 8681tdoneC by Borrower,or B,after notiCe by Lender to Bortawer that the condemnor OHets 2o meke an
<br /> award or serile a cla6n for damages, Borrower fa�1s to respon0 to Lender w1Mln 30 days after the daUa the notice fs gtven. ",=��
<br /> � . � � Lender is authorized to collact and appy the proceeds,at iis option,either to restoratlon or repa�of the Property or to the •
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<br /> � sums secured by this Security Insbument,whether or not then due. . �"''._`,�
<br /> ` Untess Lender and Borrower otherwise agree In writin9. ar►Y aPO�Uon of proceeds to pruicipal sha11 not e�Rend or , ,,y_:.�r
<br /> postpone the due date of the monthty payments referred to in paragraphs t end 2 or cfianga the amount of such payments. , . �;�'�`
<br /> • ° 11. Borrower Not Released; Forbearence By Lender Not a Waiver.6Rension of th0 ttme for peyment or ,,;�,._
<br /> , ' '' madificaUan of amoRQation ot the sums secured by th(s Security InsUument granted by Lender to any successor In interest uf
<br /> Borrower sha0 not operete to release the Iiabil'rty ot the o�igtnal BoROwer or Bortowers successors in Interest Lender shall not '. :_�;
<br /> � � be requ7eO to commence proceedings agafnst any suocessor in interest or retuse to etttend tfine tor payment or otherwlse . . . ��;:.
<br /> madify amortlmtlon of the sums SecureC by thls Securiry Instrument by reason of any demand made by the orlglnel Bortower or ,
<br /> � ' Borrowers successors in Ntewst. Any torbearance by Lender in exerclsfig enY right or remedy shatl not be e waiver ot or . .
<br /> � preclude the exerclse o!any rlght or remedy. • °
<br /> , � 12. Successora and Asslgns Bound; Jolnt artd Severat Lia6ility; Co-slgnera rne covenants and � .••
<br /> � agreements of this Security InsUUment shall b�d and benefit the successors and asslgns of Lender and Borrawer,subJect to the
<br /> � . provisions ot paragraph t7• Borrovrers covenants and agreements shan be jomt and severab My 8orrower who cask3ns thls . • � .
<br /> � Security Instrument but does nol execute the Note: (a)is caslgning this Securiry Instrument ony to moRgage,grant and convey ,
<br /> � that Bortowers interest (n the Properry under the terms o1 this 3ecurlty Instrument; (b) is not personelty obllgated to pay the � •
<br /> . • sums secured by thls Security Instrument; and(a)agrees that Lender an0 any other Bortower may agre9 to extend, modity�. •
<br /> � forbear or make any accommodations wRh regard to the terms of thls Security Instrument or the Note wit�oui thet Bor►owars . : �
<br /> ' consent. � . . '
<br /> � 13. L08t1 Chargea. i�tne loan secured by this Securityr Instrument is SubJeC! to a taw whieh sets maxhnum loan . .
<br /> ' charges, and that law is tinalry Interpreted so that the Interest or other loan charges collected or to be collected tn connecqon • , • .
<br /> wfth the toan exceed the permitted Ilmits, then: (a)eny sucfi loan chargo shatl be teduced by tne amount nece5sery to reduce .
<br /> the charge to tAe perm3tted fimi� and (b)any sums atready coltected ham Borrower whbh exceeded 0a������ W111 be �
<br /> " relunded 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 Borrower. It e refund reduces principal. the reduction will be treated as a partia� prepayment wilhout ony • .
<br /> � prepayment cherge under the Note. . , �
<br /> 14. Notieea nny notice to 8orrower provided tor In this Security Instrument shall be gNen by delivertng It or by mailing It .
<br /> �� . � • by first cla:s mail unless applicable taw requ�res use of anothet method. The notke shall be directed to the Properly Address , •
<br /> or any other addres9 BorcOwer deslgnates by noY�ce to Lendei. My notlCe to Lender shall be given by !lrst class mail to � �
<br /> Lendets aadress stated herein or any other address Lender designatas by notice to Borrower. My notke provlded tor in this .
<br /> • Security InstNment shall be deemed to have beon gtven to Bortower or Lender when given 8S provided in thls patagraph. �
<br /> �. � 15. Governing Lsw; SeverebiUty. Thi9 SBCUtity InSWment bhell be govemed Dy fedetfll 18w and the law o}the
<br /> � jurisdiCtion n whlch the Property �s located. �n the event thet eny provlsion or clause of thts SeCurity Instrume�t or the NotO �
<br /> conflicts wrh epplicable law. suCh Conflict shall not eHeCt other provisions of this Security Insbument or the Note which Can bo
<br /> -• given eNect without the contticting provision.To this end the provislons of this Security InSWment and the Nofe are declared to
<br /> ' ' be severob�a. ' �
<br /> , . , � 16. 8orrower's Copy.8ortower shall Ce gnren one contormed copy of the Note antl of thls Security Instrument. ,
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