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<br /> 1._ • . � .� _ �
<br /> ; 8ortower may cure such a deiauft and remstate. as provided in paragraph 78, by causing the action or proceeding to be • , < < • :�.-
<br /> i � dismissed with a ruiing that, in Lenders good taith determinaUon,predudes forteiture of the 8ortower's�nterest in the Property or ; .
<br /> . •j other material impairment at the lien Geated by this Sewrity Instrument or Lender's searity interest. Bortower shall also be in '
<br /> � detautt if 8ortower. during the loan applitation process. gave matenaUyr felse or inaccurate informatiotii or statements to Lender(o `��`
<br /> � y tailed ro provide Lender with any mate�ial intormation) m connecUon with the loan ewdenced by the Note. mdudinq. but no� . �` }�
<br /> i timRed to, representaUons conceming BoROwer's occupancy ot the PropeRy as a princ�pal residence. Ii th�s Sewnty `� , �''
<br /> lnstrument is an a leasehotd. 8orroNer shali compty wrth all the provisfons c' ±hp IoACP tt Rnnnwar a�rnnr� faP trtle to thw'
<br /> � . .r•';.,
<br /> � Property. tho leasehold and the tee title shall not merge unless Lender agrees to the rr�erget in writing , �
<br /> III 7. Protection of Lende�'s Wlghts In the E+roperfy. �t eonower tails to pertortn the covenartts and agreementsa► � _
<br /> i eontalned in thls Secutity in�trument, or there is a legal proceeding that may signficarelly afted Lender's nghts in the PrapeRy� . , ,
<br /> ! �such es a proceeding m Eankruptcy.protrate, for condemnation or forterture or to entorce�aws or reguiations►. then Lender may�►9 i
<br /> • ' do and pay Tor whntever is nacessary to protect the value of the Property and Lenders rights in the Property. Lend�s actions� � ,
<br /> jmay mclude paying any sums seared by a lien which has pdority over th�s Securtty �nstrumenL appeanng m court. pay�n� I , ,
<br /> ' j reasonable attomeys'tees and entedn� on the Property to make repairs Aithough Lender may take action under th�s paragrapt� ; •
<br /> 7. Lender does not have to do so. � -` - - - -
<br /> ,� A ny a m o u n t s d i s b u r s e d b y L e n d e r u n d e r p a r a g r a p h 7 sh a l l become addrtional debt of 8ar.ower secured by this Secu�ty � ' .
<br /> • InsUument Uniess Borrower and Lender agree to other tertns ot payment. these amounts shall bear interest from t he date of .
<br /> �! disbursement at the Note rate and shall be payable,with interest upon noUce from Lender to Bortower requesting payment. °-
<br /> ;•� 8. Mortgage IresurBOCe. H L.ender requfred mortgage insurance as a condiUon of making the Ioan secured by thfs , � � r : i z�
<br /> � Security InsUument, Borrower shail pay the premiums required to maintain the moRgage insurance tn eNed. If,for any reason,the
<br /> ;� mortgage insurance covera3e required by Lender lapses or ceases to be in effect. Borrower sh e i l pay t he premiums required to .. s.�t,r_.,::-�
<br /> obtein coverage subslantiatly equivalertt to the mor[gage insurance pravlously in eHect, at a cost substantialiy equivalent to the
<br /> cost to Bortower of the moRgage insurance previously in eftect, irom an aftemate mortgage insurer npproved by Lender. If , �"�3�
<br /> SubsKantially equivalent moRgage insurance coverage is not available, Borrower shall pay to Lender each month a sum equat to •L�i
<br /> one-tweifth of the yeariy mortgage insurance premlum being paid by Borrower when the insurance coverage tapsed or ceased to ��°
<br /> be in efted. Lender will accep� use and retain these payments as a loss reserve in lieu of moRgage insurance. Loss reserve � � '��k'"`,?:,
<br /> ;. ,,....�,,: , .
<br /> ; payments may no longer be required,at the option of Le�der, if mortgage insurance coverage(n the amount and for the period . ' r �
<br /> � that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained. Borrower shalt pay ,. .' �'`�����__
<br /> the premiums required to maintain mortgage tnsurance in eftect.or to provide a loss reserve, until the requirement tor mortgage � ___
<br /> insurance ends in accordance w[th any written agreement between Borrower and Lender or applicable lavi. ' ' ''�
<br /> • 9. InapecUon. Lender o►its agent may make reasonabie entries upon and inspecGons of the Property. Lender shall give .. � .�a--_
<br /> Borrower notice at the Ume of or pdor to en inspection specifying reasonabie cause for the tnspectlon. y
<br /> � 10. COndAmnatlon.The proceeds ot any award or claim tor damages, direct or consequenUal. in connection with any . . `��
<br /> condemnaUon or other taking of any part of the PropeRy, or for comeyance in lieu of condemnation, are hereby assigned and F� `'C��'�r. '
<br /> . shall be paid to Lender. �.. �3 '"�.%.y`'"�
<br /> In the event of a total taWn of the Pro e the roceeds shall be lied to the sums secured b this Secu � '��
<br /> 9 P rtY• P ePP Y �Y I� `_`.
<br /> Inshument,whether or not then due,with any excess paid to Bortower. In the event of a partial taidng of the P►operry tn which _-.:.�..-
<br /> �,�`f i ual to or reater than the amount of the sums secured '' �•'' '
<br /> the fair market value of the Property immediatery before the taking s eq g _
<br /> ` by tfiis Security Instrument immediatety before the taking, unless Borrower and Lender oihenvise agree in wrftlng, the sums '. � � ;, ''
<br /> � � secured by this Security Irtstrument shall be reduced by the amount of the proceeds muiUplisd by the toHawing fraction: (a) the : �
<br /> total amount of the sums secured immediate(y beiore tha taking,dnrided by(b)the tafr mazket value of the Properry immediatety � �
<br /> ; before the taldng.Arry batance shail be paid to Borrower. In the event of a partlal taldng of the Property fn which the fatr market •�; :
<br /> � ' � vaiue of the Property immediately before the taking is less than the amount oi the sums securea immediately before the taldng, . �1' ':
<br /> ) unless BoROwer and Le�der othervvi3e agree in writing or unless appilcabte law otherwise provides, the proceeds shall be ` � �� •
<br /> . ,- , t3(
<br /> applied to the sums secured by this Secudty Instrument whether or noi the sums are then due. "-r�,' • '
<br /> : ' I1 the Property is abandoned by Bortower, or if.after noUce by Lender to Borrower thot the condemnor ofters to make an - � }
<br /> -' � award or settte a clatm for Aamages. Borrower faits to respond to Lender wfthin 30 days after the date the notice Is glven, "' • '
<br /> Lender is authorized to colted and appty the proceeds, at its optlon. eRher to restoraUon or repair oi the Property or to the ~�±:�hr R�:�, ��� r_ ,'
<br /> sums secured by this Security tnstrument,v�hether or not then due. ' '' -.
<br /> • Unless Lender and Borrower othenvise agree in wrtting, any appilcation of proceeds to pdncipal shali not extend or � � '� `r
<br /> �M�1au�. .'�
<br /> � postpone the due date of the monthly paymeots referted to in paragraphs t and 2 or change ihe amount of such payments. •°:».�:+. �a�iE'+�' -
<br /> � 1 t. Borrowrer Not Released; Forbearance By Lender Noi a Waiver.Extension af the Ume for payment or •�'""'" ��
<br /> x.:—
<br /> a�-,_..—
<br /> modiflcation of amortizeUon o1 the sums secured by ihis Securlry instrument granted by Lender to any successor in interest of �y�---—
<br /> ' Borrower shatl not operate to retease the liab(tiry of the odgirtal Borrower or Borrower s successors in interest. Lender shall not . �:-�.�:°���`�
<br /> be required to commence proceedings egalnst any successor (n interest or retuse to extend time for payment or otherwlse - _
<br /> modity amartizeUon of the sums secured by this Security Instrument by reason ot any demand made by the adglnal Bortower or _
<br /> ''�,. � Bortower's successors in interest My forbearance by Lender in exercising any right or remedy shall not be a waiver o} or - � •_ '���� -
<br /> prectude the exerclse of any dght or remedy. �°�t+�
<br /> 12. Saccessors and Assigna Bound; Joint and Several Ua�ility; Co-signers.The covenants and ��-�r
<br /> � � egreements o!this 3ecurity instrument shall bind and benef'�t the succassors end assigns ot Lender end 8onower,subject to the =_•'�—�
<br /> � - provisions a!paragraph 17. Bonower's covenants end agreements shail be Joint and several. My Borrower who co-signs this
<br /> � s Securityr Instrument but does not execute the Note: (a) Is co-signing this Security Instivment only to mortgage,gtant and convey �
<br /> .a+S�r^_J ��
<br /> that Borto►ver s (nterest in the P►operly under the tertns of this Security Instrumen� (b) Is not personaliy obiigated to pay the ,
<br /> sums secured by this Securiry InsVumenl and (c) agrees that Lender and any other Bonower may agree to aRend,modity.
<br /> . ;, torhear or make any accommodations with regard to the tertns ot this Securityr Instrument or the Note without that Bortower's ��'c,'"��". '��"r '
<br /> . _
<br /> �� consent. ;:;� � � .
<br /> 13. Loan Cha�g09. If the loan secured by this Security Instrument is subject to a law which sets maxlmum loan � _
<br />, charges, and that law is flnalh� interpreted so that the interest or other loan charges collected or to be coliected in connection '� � � T.
<br /> � wRh the loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce '
<br />. the charge to the permitted Umil: and (b) any sums already coL'ected from Bortower which exceeded pertnitted Iimfts will be ' �
<br /> retunded to Bortower. Lender may choose to make this retund by reduc(ng the pdncipal owed under the Note or by making a ' .
<br /> �_ direct payment to Bortower. It a refund reduces principal, the reduction wiil be treated as a paRial prepayment withoul any . �
<br /> prepayment charge under the Note. � �
<br /> , • 14. I�1otiCeB.My noUce to Bonower provided tor in this Security Instrument shall be glven by deiivering ft or by mailing it • . ,
<br /> by first class mail unless appiicable law raqulres use of another method. The notice shail be directed to the Property Address �
<br /> or any othe► address Borrower designates by noUce to Lender. My noUce to Lender shail be given by flrst class mail to � •
<br /> . Lender's address stated hereln or any other address Le�der designates by noUce to Bortower. My notice provided tor in lhis •_
<br /> � Security Instrument shall be deemed to have been given to Bortower or Lender when given as provided in thls paragraph. ! •
<br />' 15. Governing Law: Severabllity. This Security Instrument shall be govemed by tederal law and the law of the • • � �
<br /> jurisdiction in which ihe Property is located. in the event that any provision or clause of this Security Instrument or the Note �' '
<br /> confilcts with appflcabte law.such conilict shail not affect other provisions of thls Seeurity instrument or the Note which can be .
<br /> given eflect without the contlicting provision. To ihis end the provisions of this SecurHy Instrument and the Note are declared to � . -
<br /> i
<br /> . � be severable. f� �
<br /> ! 16. 8orrower's Copy. Bortower shail be given one coniormed copy ot the Note and o}thls Security Instrument. � � �. � i
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