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If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Leader is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Secunty Instrument, whether or nit then due.
<br />i Unless Lender and Borrower otherwise agree in venting, any application of proceeds to principal shall not extend or
<br />1 postpone the due date of the monthly payments referred to to paragraphs 1 and ? or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a W2iver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Secunty instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. An forbearance I)y Lender in exercising any right or remedy
<br />shall not tie a waiver of or Preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lemier and Borrower, subject to the provisions
<br />of paragraph 17 Borrower's cos cnants and agreements shall be Joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: fal is co- signing this Security Instrument only to mortgage, grant and convey
<br />That Borrower's interest to the Property under the terms of this Security Instrument: (b) is not personally obligated to pay
<br />the sums secured by this Secunty Instrument: and ic) agrees that Lender and any other Borrower may agree to extend.
<br />modify. forbear or make an accommodations with regard to the terms of this Security_ Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the lean secured by this Secunty Instrument is subject to a law which sets maximum loan
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits. then: ia) any such 'can charge shall be reduced by the amount
<br />necessary- to reduce the charge to the permitted limit; and ib) any sums already collected from Borrower which exceeded
<br />permitted limits will 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 to Borrower. If a refund reduces princ pai, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights, If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Secunty Instrument unenforceable according to its terms. Lender, at its option,
<br />may require immediate payment in full of ail sums secured by this Secunry Instrument and may invoke anv remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17
<br />13. Notices. Any notice to Borrower provided for in this Secunty Instrument shall be given by delivering it or by
<br />matting it by first class marl unless apphcabie law requires use of another method. The notice shall be directed to the
<br />Property Address or any ether address Horrower desizna[es b} notice to Lender. Any nonce to Leader shall be given by
<br />first class mail to Lender's address sia!ed herein or am of her address Lender designates by notice to Borrower Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender w hen 2iren as provided
<br />in =this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />unsdr,:non in which the Property is located. In the ever.! shat any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shaii not arrest other provisions of This Security lnstrurnent or the Note
<br />which can be ar%en effect without the conflicting pri,tiuton To this end the ;•rov!sions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower !.hall be even one conformed copy of the Note and of this Secur!!y Instrument.
<br />ii. Transfer of the Property or a Beneficial Interest in Borrower. If ail sir anv hart of the Proverry or anv
<br />interest in it is sold or transferred for if a beneticiai interest in Borr %,cr is sold or !ransierred and BoT T ewer is not a natural
<br />person) without Lender's pnor written consent, Lender may, at its .,pnen. squire ,mmed!ate ^ayment in full of all sums
<br />secured by this Secunty Instrumtnt. Howc%cr. This ;:peon s;^ ^.ail ;! he e<crr ;std by Lender if exercise ;s prohibited by
<br />federal law as of the date of This Securrn I nsi rument.
<br />If Lender exercises this option_ Lender shail gr.e Borrower rot;;:; of a :celera :icn The nonce shall 2roxide a period
<br />of not less than ',0 aas, from the date the ro!ice As deli�cre(i "r ma;ied wuhm w hick Bor-nwer must pax all sums secured by
<br />ibis Secunty ]nstrumeti; I1 Borrower fail, sv :hest satin ; ru !o ihr r ; trati<m ed thu period. Lender may invoke any
<br />rem ?dies permitted by hu Secur:tx In,rrumcn! w ii ,out further notice or derriario on Bormwc•.
<br />18. Borrower's Right to Reinstate. 1 Borrewcr meets ceriain c :,.ndiivins, Borrower shall haze the right to have
<br />enforcement of this Securi!_x insirumeT:t �tscimnnued at any time prior to :he earner of ,I) ' dais ter such other period as
<br />applicable law may ;peciiy for renistaierrteat; before sale of the Property pursuant to anv power of sale contained to this
<br />Secunty Instrument cr ( , eri:'.. ,i : ,uLizmeri enforc:ng :his Srcur,t. Iri,rnmirn*. Thine conditions art that Borrower
<br />(a) pays Lender ail sums which ;lien would he sue under this Secant+ Instrument and the Note had no acceleration
<br />occurred. I), cures an i:efauit :,f any other .u�enanrs ;;r agreernenl !c; pays iii expenses incurred m enforcing this
<br />Secunty Instrument. ;nclucinq, but riot ;;maid tn. reasonable at:orne.%s lees and id? :tikes ;uch a.tuxi a: Lender may
<br />reasonably require ;•, assure shat the :ien this Secunty Instrumrr+.t. L�•ider ehls ;.: the Pr ,;,crty and ilorrok%er'>
<br />obligation to pav .'ic sums secured !,x this Secunty lnsrrurnent .hall - _-r.nnue un ,.angrd. i •�•, n reirsrarment
<br />Borrower. t ^is S Instrument arid tilt Cbhgutions securrc berths shat; rerria n '..ii
<br />occurred- HvA ne,..tiis rient to ni" apply rn !' ,tie t LLL:t::
<br />wr it n r uc t'-ragr:ai h. 3, or ;-
<br />NoN- UNIFORM COY ENo.N TS Borrower and Lender fur ther "F13 and agree as t000 cos.
<br />19. Acceleration-, Remedies. Lender shall give notice to- Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and I?
<br />unless applicable law provides otherwise). The notice shall specify: ta) the default, (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured:
<br />and (dl that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />L stewed by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any other
<br />defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice. Lender
<br />at its option may require immediate payment tit full of all sums secured by this Security Instrument without further
<br />demand grid may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect 211 expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited io
<br />iettsonable attorneys* fees and costs of title evidence.
<br />It the power of sale is ,n -iked. "lrusiee shalt recirrd a notice of default its each come in »hich an,, tart of the
<br />Property is ],)sated and shalt mtaii a ipiet of couch nuticr in the manner prescnbtd b% a{ipiicut•Ii live it, ]fnrrnwer :ia,i to the
<br />,-tiler purv,w, prt. r cod � appir,ahle 7aw..xf ",rr th, time requrr!•ct he aptilir;abta• ;a ». i r,ts!s•e shall �;uo !ti.i �; :: r.;,t;ce
<br />'AA #, - the ;ecr^snnt xnt,. tlsc rnauttoer ,-) tic bvfi fro ,p. Fapiir;rb3s tp n. tsnerr =. ,. t!t,iu¢ grrr.a•+•1 =n `tint .. •.. 4.ti +• I ;•,.
<br />all
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