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<br />. 105388
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<br />9. ('ondcmnnlinn. rhe pnx'ccd" \If IIlIY lI\\'urd tlf I.'hum fUf dllmapc~. dlrcl'l Of L'orOaU'CiiTiul. 111 cunncclioll wilh
<br />':II\~ t.:t1ndcl11l1<lllnn or Ilther lnkln~ nf nny pllrt uf fhe Prnpert), nr for COIl\cynllcc III heu of cnndCIT1Il11lioJ1. life hereby
<br />O1"IE:IIC'd l1ud !Iohull be pllld 10 lr:ndcr
<br />In the CHili uf n lutill luklllg uf Iht: Propclty, fhe proceed!. shall be applied 10 the ~ums secured h>, (hi!'! Security
<br />In!.ITumcnl. whether or nol :hen due, with nny C'xccs!t paid 10 Borrower. In the event of a paTtin! Inking of the Property,
<br />unl~, Dormwcr llnd lender utherwlse agree in wrillng, the !ill1ms secured by ,his Securit}' Instrumenl shall be reduced by
<br />rhe aOlounl or the proceed!> mul1iplied by the following fraclion: (Il) the (olalamoU"1 of rhe sums secured immediately
<br />hcrorc~ the lakins. divided by (h) Ihe fair market value ofche Property immedialely before the laking. Any halance sholl be
<br />paid 10 Borrower.
<br />(f the Properly if) abandoned by Borrower, or if, after nOlice by Lender to Borrower Ihut the condemnor offers to
<br />mnke an award or setlle a claim fordnmnges, Borrower fails to respond to Lender wilhin 30 days afler the date the notice is
<br />gi\'en, lender is aUlhorizt..~ to collect nnd apply the proceeds, at its option, either 10 restoralion or rcpuir ofChe Property or
<br />to the sums secured b}' this Security InSlrument, whether or not then dUe,
<br />Unless Lender- and Borrower otherwise agree in writing, an)' application of proceeds 10 principnlshilll not extend or
<br />postpone the due date of Ihe monlhly payments referred to in pamgmphs I and 2 or change the amuunt of such payments,
<br />10, Borrower Not Released; Forbearanc~ By Lender Not 8 Waiver. Extension of the lime for payment or
<br />modification of amoniz:uion of the sums secured by this Security Instrument granted by Lender 10 any successor in
<br />inter~t of Borrower shall not operate 10 release the liabilily of Ihe original Borrower or Borrower's successors in interest.
<br />Lender shall not be required 10 commence proceedings against any succes:;or in inlerest or refuse 10 exlend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Inslrument by renson of any demand made
<br />by the original Borrower or Borrower's successors in inlerest. Any forbearance by lender in exercising any right or remedy
<br />shall not be a waiver ofnr preclude lhe exercise of any right or reme:ly,
<br />II. Successors and Assigns Bound; Joinl and Several Liability; Co"slgners. The covenanls and agreements of
<br />this Security Instrument shall bind and benefic the successors and assigns of Lender llnd Borrower, subject to theprovir;.ions
<br />of paragraph 17. Borrower's covenanls and agreements shall be join I and several. Any Borrower who co.signs this Security
<br />Instrument but does nol eJl.C'Cute the Note: (a) is co-signing lhis Security Instrument only ro man gage. grant nnd convey
<br />Ihat Borrower's interest in Ihe Property under the terms of this Securily Inslrumenl; (b) is not personally obligated to pay
<br />the sums secured by Ihis St'f'llriry Inslrument; and (c) agrees Ihal Lender and any other Borrower may agree to extend,
<br />modify, forhear or make any aCL:OmmOdalions with regard to Ihe terms of this Security Instrumenl or the Nole without
<br />that Borrower'~ consenl
<br />12. Loan Charges. If the loan secured by Ihis Security Instrument is subject to a law which sets maximum loan
<br />cha~ges, and thai law i~ finally inlerpreled so that the interest or other loan charges collected or lO be collecled in
<br />connection wilh the loan exceed the penniltt:d limils, then: (a) any such loan charge shall be reduced by the amount
<br />necessar)' 10 reduce Ihe charge to the permitted limit: and (b) any sums already collected from Borrower which exceeded
<br />pennilted limits wlll be refunded to Borrower, Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment 10 Borrower, If a refund reduces principal, the reduction will be trealed as a
<br />ponlal prepayment without any prepaymenl charge under the Note,
<br />13. Legislation AffectinK Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any prO\'ISIOJl of Ihe Note or this Securily Instrument unenforceable according to its lerms, Lender, at its option,
<br />may r~ulre Immedlnh: puymenl In rull of all !oums secured by this Security Inslrument and may invoke any remedies
<br />permllled hy paragraph I q, If Lender exerci~ this option, Lender shall take Ihe steps specified in (he second paragraph of
<br />paragraph 17
<br />14. ~otices. All} nOllce to Borrower provided for in this Security Instrument shall be given by delivering il or by
<br />mailing. II by fi",1 class mlul unless applicable law requires use of anolher method, The nOlice shall be direcled to the
<br />Propeny AddrC'!is or an)' tither addr~ Borrower designales by notice to lender, Any notice 10 Lender shall be given by
<br />firsl c1a!<o!l mad 10 Lender'~ addfe!t.!>. !tIaled herein or any other address Lender designates by nolice (0 Borrower. Any notice
<br />pro\lldcd for In thl" Secunl)" InMrumC'n1 ~hall he d~med 10 have hccn given 10 Borrower or Lender when given as provided
<br />In Ihis paragrnph.
<br />15. Governing La,,: Senrability. Thl!. Security Inslrument !'.hall he govcrned by federal law and Ihe law of the
<br />Junf)dlCllOn in which the Property I!. located. In Ihe evenllhat any proVISion or c1au!'.c or Ihis SecurilY Instrument or the
<br />Note confhcl~ with applicable law. \uch confllcl shall not affecl other provi!'lions of Ihis Security Instrumenl or Ihe Note
<br />\'\"hJch can be- gllo'en dTr:<:1 wilhuUl Ihe conflicting proviSIOn, To thb end lhe provi:iion:'lo orlhi~ Security In!\trumcm and the
<br />Note are declared to be: ~,",,'erablc
<br />16. Borrowcr'sCop,', Borrower !ohall be gJ..'en nncconformt:d copy oflhe Note and nfthJ!t Security Instrument.
<br />17, Transfer of the Propert)' or B Beneficial Interest in Borrower. Ir all or any part of the JJropeny or any
<br />mter~1 10 If IS sold or tran~ferred (or Ir a beneficlaJ inleresl in Borro......er is ~old or transferred and Borrower is not a natural
<br />person) .....lthOull..ender... pnor "Hillen clln..enl, Lender may, al its option, require immedlale payment 10 full of all sum!'.
<br />...ecured by Ihls Securil~ In..lrumerll, Hnwe"er. Ihl~ option !lhall nOI he e"erL:i~ed by ll"nder If CAerCISC IS prohibited by
<br />federalla......b oflhe dale ofthl!>. SeCUnl). In~trumenl
<br />If Lender eXercI!<Io Ihl!.llplmn. Lendc.'"r shall give BorrO\".er nollce of acceleration. The nollce ..hall prm/ide a period
<br />of nOlless than 30 day~ rrum the: dale Ihe nOIlL:C I" ddllo'ered or matJed wuhm which Borrower mu!'.1 pay all ..urn!>. secured by
<br />thl\ Securilj In!>.trumenl, If Borrower fail~ to pay Ihese sumf) prior 10 Ihe explrallon of Ihl.. period, Lender may in".nke any
<br />remedi~ permilted b~' thl!. Srcunt) In!llrument Without further nolice or demand on Borrower.
<br />18. Borrower's Righi to ReinstJUe. If Borrower meets certain condililln!<l, Borrower shall ha..'e Ihe nght to have
<br />enforcemcnl of this Sc:curit)' Instrumenl dlf)L:ontlnued al an)' lime prior 10 Ihe earlier of: fa) 5 days (nr such (II her period as
<br />apphcable law mll) speclf) for rem...tatemenl) bt:fore !WIle of the Properly pun.uant to any power of ~le contained in thi~
<br />Seeuntlln\trumenl; ur (b) ~nlry of a Judgmenl enforcing thi~ Secunly In!.lrument. Thos.e condilion!<l art: Ihat Borrower
<br />(a' pa)'!. Lender aU ~um!<o which then would he due under thiS Securil'" Instrumenl and the Note had no acceleration
<br />ocL:urred; (hI CUTe!<> any defauh of any ()Ih~r COlo'enants or agreement~;-(c) pays all expenso incurred In cnfnrL:ing Ihl:>'
<br />Secunly In!>.trument. mcludmg. bUI not limned 10. reasonable uttorney~' rees; and Cd) take!. such aCllon a.. Lender may
<br />feaMlnabl}' require In assure Ihat the hen of thl!> Securily Instrument. Lender's nghls in the Properly and Rorro\\'cr'!.
<br />obligation 10 pi!!Y the 'i.um!> ,ccured by Ihi.. Securily Instrumenl ~hall conlinue unchanged. Upon reinslatemcnl hy
<br />Borrower.1hi!> Seeuri1) Instrument and the obligation!l5ccured hereby !.halJ remam fully efTecth't' as ifno accelerallon had
<br />occurred. Ho.....c..'cr. this right 10 reinstale !l.hall n01 apply in Ihe case of acceleration under paragraph\ I,~ or 17
<br />NON-UNIFORM COVENA.NTS Borrower and Lender fun her covenant and agree 8f; follows.
<br />19. Aa:eIeratioa; RemecI1a. Leader sha1J gin aodc:e 10 Borrower prior tu acceleration following BOlTOwer's
<br />brado of..y <o,_t or IIp'HIDeIItla thb Security IlIIlrwDeIIt (but not prior to ae<eleration under paragrapbs 13 and 17
<br />..... WlcabIe law proddea otbenrlael. 1be oollce abaIl lpedt)-: (altbe derault; (bl Ibe action required 10 cure tbe
<br />detail; lela date. DOlI_lIum;lO daya rrom tile da~ the aotke II IIlten 10 Borro"er. by "blch the derault must be cured;
<br />ad hi) t1aaI failure to care lite defaalt on or bdore the date Ip<<ifted In tbe notice mal resull in acceleration of the sums
<br />IeCWIld "I dIU Sratrity lutrumeal ad sale of the Propn1:y. The notke shall further inform Rorrower or .b~ "Rhl In
<br />I'a.tt.te after aca-Jen.tJoa aDd tae ript to brinK. court Ktioa to UKrt the non'"C:dllenCt' or a del.ult nr an)' nther
<br />tSdeaIe t:I Barrow" to aecelentiOll"'we. IrlM der.ult 1.1 not eunel on or berorr Ibr d.le spec:iflcd in Ihr nOlkt', l..rndef
<br />a. Ib optJo. -7 require- hDJlH:dlalll: p.y.eat in fall or all IUIIl1 secured b). thb Sealri.) Instrument wHhnut further
<br />...... aM..y '."okr tMlMJWrf of'liAIe'" 07 otIaer re~edles permi"ed by applicable' law. l..rndrf "h.U h(' ('nli1led 111
<br />mlltc1 lIlI nJmICI I..Mwnd 1a JtIIfRiaIlliie reJHd.la IN'o,,ldtd In thll paraanph 19. indudlnE, hUI nlll IImitt'd Ill.
<br />..- allDmeya' f_........ orutJo .,_.
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