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� 99 112186 10. Condemnution. The proceeds of any award or claim for damages,direct or consequential, in connection with any condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security]nstrument,whether or not then due. Unless Lender, Trustor, and Borrower otherwise agree in writing, any application of proceeds to principa) shall not extend or postpone the due date of the monlhly payments rcferred to in paragraphs 1 and 2 or change the �mount of such payments. 11. Trustor Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender shall not operate to release the liability of the Borrower or the obligations and security of the Trustor under this Security Instrument. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Boi�nd; Joini and 5everal Liability; Co-signers. The covenants and agreements of this Security Instrwnent shall bind and benefit the successors and assigns of Lender and Trustor, subject to the provisions of paragraph 17. Trustor's covenants and agreements shall be joint and several. The Trustor agrees that Lender and the Borrower may agree to extend, modify, forbear or make any accommodations with regard to the tertns of the Note witi�out Trustor's consent. 13. Loan Charges. If tl�e loan secured by this Security lnstrument is subject to a law wl�icl� sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to I3orrower. 14. Notices. Any notice to Trustor provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law reyuires use of anotl�er method. The notice sliall be directed to the Property Address or any other address Trustor designated by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to 'Trustor. Any notice provided for in this Security Instrument shall be deemed to have been given to Trustor or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall be governed by federal law and tl�e law of the jurisdiction in which tlie Property is located. In the event tliat any provision or clause of lhis Security Instrwnent or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conilicting provision. To this end lhe provisions of this Security InsU-ument and the Note are declared to be severable. 16. Trustor's Copy. Trustor shall be given one conformed copy of this Security lnstrument, and, if requested by the Trustor,a copy of the Note. 17. Transfer of the Property or a I3eneficial Interest in Trustor. If all or any part of tl�e Property or any interest in it is sold or transferred (or if a beneficial interest in Trustor is sold or transferred and Trustor is not a natural person) without Lender's prior writlen consent, Lender may, at its option, require immediate paymcnt in full of all sums secured by this Security Instrument. However, this opinion shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option, Lender shall give Borrower and Trustor notice of acceleration. '1'he notice stiall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower and/or Trustor must pay all sums secured by tl�is Security Instrument. If tl�ese sums are not paid prior to tl�e expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower or Trustor. 18. Trustor's Right to Reinstate. If Trustor meets certain conditions, Trustor shall have the right to have enforcement of this Security lnstrument discontinued at any time prior to the earlier of: (a)5 days(or sucl� other period as applicable law may specify for reinstatement)before sale of the Property pursuant to any power of sale contained in this Security Instrument; or(b)entry of a judgment enforcing this Security lnstrumenk. "1';�ose coiiditions are that: (a) all sums are paid to Lender which then wouid be due under this Security Instrument and the Note as if no acceleration had occurred; (b) any default of any other covenants or agreements is cured; and (c) all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees are paid. Upon reinstatement, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. Flowever, this right to reinstate shall not apply in the case of acceleration under paragraph l7. 19. Sale of Note; Change of Loan Servicer. The Note or a partial interest in the Note (together witl� tl�is Security lnstrument)may be sold one or more times without prior notice to Trustor. A sale may result in a change in the entity (known as the "Loan Servicer") that collects monthly payments due under the Note and tl�is Security Instrument. There also may be one or more changes of the Loan Servicer unrelated to a sale of tlie Note. If there is a change of tlie Loan Servicer, Borrower and Trustor wil) be given written notice of the change in accordance witli paragrapli 14 above � and applicable law. The notice will state the name and address of the new Loan Servicer and tl�e address to wliicl� payments should be made. The notice will also contain any other information required by applicable law. ,