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4 , A : b6-- 1MV45 If the Property is abandoned by Borrower, or tf, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. Leader 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 Instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of spch payments. 10. Borrower Not Relesaed: Forbearance By Leader Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrowers successors in interest. Lender shall not be required to commence proceedings against any successor to interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. 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. 11. Successors aid Assign Bound; Joint and Several Liability; Co- signers. The covenants and agreements of this Security instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint ind several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument: (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12. Loan Charges, If the loan secured by this Secunty Instrument is suhiect to a law which 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 Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legislation Affecting Lender's Rights, If enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option, may require immediate payment in full of all sums secured by this Security instrument and may invoke any remedies permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Notices. Anv notice to Borrower provided for in this Security Instrument shalt be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Properly Address or any other address Borrower designates by notice to Lender Any notice to Lender shall be given by first class marl to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for to this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall he governed by federal law and the law of the iunsdiction in which the Property is located. in the event that any provision or clause of this Secunty Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can he given effect without the conflicting provision. To this end the provisions of this Secunty Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneficial interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent. Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not he 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 notice of acceleration The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Secunty Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to hay "e enforcement of this Secunty Instrument discontinued at any time prior to the earlier of: tai 5 days (or such 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 tudgment enforcing this Security instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Secunn Instrument and the Note had no acceleration occurred. (b) cures any default of any other covenants or agreements: (c) pays all expenses incurred in enforcing this Security instrument, including, but not limited to, reasonable attorneys' fees: and id) takes such action as Lender mac reasonably require to assure ;hat the lien of this Security Instrument. Lender's rights m the Property and Borrow "er's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully rifecuve as if no acceleration had occurred. Ho% %ever, this ri@ht to reinstate shall not appiv in the case,Ji :acceleration under paragraphs : or 17. NON - UNIFORM COVENANTS Borrower and Lender further as follows: 19. Acceleration; Remedies. Lender shall give notice to Sotraad�w0iior eleration following Porrower's breach of nay covenant or agreement in this Security Instrument (but not pirf ion under paragraphs 13 and 17 ttaleas ittpplksbk taw provides otherwise►. The notice shat[ specify: ta► the defautf; a action required to cure the defatrlt; (e) a date, not less titan 30 days from the date the notice is given to Borrower, by which the default must be cured: and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any other defense of $urrower to acceleration and sale. If the default is not cured on or before the date specified in the notice. Lender at Its option essay require immediate payment in full of all sums secured by this Security Instrument without further ti demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall he entitled to collect all ex<peam incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to. reasonable attorneys' fees ami costs of title evidence. If the power of tale is tovoied, trustee shall record a notice of default in each county in which ans part of the Property is located and shad mail copies of such notice in the manner prescribed iiv applicable ia+. in forrower and to the sNher pervim prtscribed by applicable law. After the time required by applicable law, Tnrstre ,hail gi., public gotice 10 sale to the perwns &Aid in the retawntr prescribed by applicable law, 1'rustee, a "itbvut riesnand on H„rr• er..flail sell °h, y�