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Jl.U4100
<br />If the Property is abandoned by Borrower, or it. aster rlonce by lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fa ;is to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authonzed to collect and apply the proceeds. at its option, either to restoration or repair of the Property or
<br />to the such, secured by this Secunty Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds to pnneipai shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or chance the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortvanon of the sums secured by this Secunty Instrument ¢ranted 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 in commence prncrrdings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of anv demand made
<br />I the original Borrower or Borrower's successors in interest. Any forbearance by Lender ;r. exercising any right or remedy
<br />shall not he 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 Secunt': Instrument shall bind and benefit the successors and assigns of Lender and Born ^wer. sub „ect to the provisions
<br />o1 paragraph 1 Borrowers covenants and agreements shall be ioint and sev _rai. Anv Borrower who co -signs this Secunty
<br />Instrument but does not execute the Note: (ai is co- siening this Secunty Instrument only to mortgage, grant and convey
<br />that Borrower's Interest in the Property under the terms of this Secunty Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and ic) agrees that Lender and ant. other Borrower may agree to extend,
<br />modify. forbear or make any accomrnodatons with retard to the terms ref this Security.• Instrument or the Note without
<br />that Borrow'er's consent.
<br />12. Loan Charges. If the loan secured by this Secunty Instrument is suhiect to a !aw which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or ether loan charges collected or to be collected in
<br />connection wnh the ioan exceed the permitted limits. then: (ai any such loan :harpe shall be reduced by the amount
<br />necessary to reduce iltr. charge n, the permitted limit. and (h) any sums already collected from Borrower which exceeded
<br />permitted limits Ail! be refunded to Borrower Lender may choose to make this refund by reducing the principal owed
<br />under the dote or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepaymen? .narge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendenng any prnvislon of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment In full if all sums secured by this Securtn Instrument and may invoke any remedies
<br />permitted by paragraph 114 If Lender exec ,es this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph i -
<br />13. Notices. .An`. no Lice to Borrower provide(! frnr m this Secunty instrument shall to given by delivering it or b%
<br />marline It by iris class. mai unless app :h, :at�le 'aw requ;res use of another method. The notice shall be directed to the
<br />Proper+'. Address o? any ).'?ct t Bo ,owe- _esi_nate, Dike .. Lender Am Wort..., i -ender shall be giver. by
<br />first class mail to Lender, 30dRiss .:.t. ) 'n rein r a:., .),her 3tt.ires, Leader designates by :?once to Borrower Anv notice
<br />provided for It,. this Secunty instrumeni ,hail '*¢ deemed io `lave teen aivcn ::, Borrrneer or Lender whet? jr. en as provided
<br />m this paragraph
<br />15. Governing Law; Severability. This Secunty Instrument ,hall he governed `iv federal iaw and ins law of the
<br />!unsdlctu,n in %Oticrt the P- Overt. Is '.:cited ir, ! e <•%r_nt iris[ any -r :, ,ion ;r ause r. ,his Secunt} instrument or the
<br />Note _ :onit :cis with app),. big law , :.Cr! ;,oni'! r 'had .1''t at"_e. , ..:er , ._' lslons :;f !his Serur:tt Instrument r;r the Note
<br />'Ahick Lan be gr•en e%c, w.,.^.t,ut rh_ '.Ili : ^g r. i !nis -nd ,h; ^r .rya (:ms Secure ln;ir..mcni _nil ^e
<br />p•t
<br />Note are declared to be severable
<br />1h. Borrower's Copy. Borrewc- ,haii he e:vcri one . :;inf,ormeu ;:o;,•:: (:tie N-te and cf this Security instrument.
<br />1,. Transfer of the Property or a Beneficial Interest in Borrower. if ail or am part of the Propert., or anv
<br />interest In it Is sold or transferred for 1:3 he enctai interest in Bova is s;; ;d „r transferred arid Borrr•we.:; not a natural
<br />person) without Lender's pnor written :onien(, Lender ma,, .i..,. pis „n. revu!re Imrieu:ate'a%Mtn[ :n (ei1 of ail sums
<br />secured b% this Secunt% Instrument H :;w•.ver, tits ,iron .t,3ii ntrt `-e CxCrLr,eli. ti} Lender :. _xerae , ;rot :bucd rn
<br />federaliaw asofthe date :.l this.)ecuntc instrument.
<br />If Lender exercises this optic n. Lender shail 21:c P. r. w _r 71.11._:.;f a .. :c,” ,,n , ht: heir e <nali : ;tie a ^erred
<br />Ul not leis zhan Q oaSs rom zhe 'loft the 1Otl :e t,.'.ea e:Cd r .dirt•d .:Itl' n -i. ri lch lior ro%w er . tusf l . '
<br />p;i;. al ,Uri., ,e: l.'rrd �.'?'•
<br />this Security instrument if °3orrttwc `ati, '. pay ti :.c ;u is 7,_: the rst':r+ „on �f this ;erne. I ender ma} r,?'o ke an,.
<br />remedies perntined bt this Securi' lni it :me_nt w:... list tire, .., e... 'r ore nand _'r. Burro"::
<br />19. Borrower's Right to Reinstate. It Brr :tier n ?; t, rt:;t 7 •?h. Bi;r w ..,,i ha.e •he right to ha,c
<br />eworcemeni of is SeLuni•. lr:,tn. Tien' a •. :.. .ill, r : 'he .:,riser of . ` daI., ; su:` ,!her perird a,
<br />.,not rem,. '',et. re ,air' "f the P-o, rile put ujnt io aril ^tow , ,
<br />appLcahlr !aw may ,pent) ,u - p t:' i er t r 'tic rontauted In flit,
<br />Securu% Instrument ::r ) (. :,dc r rr n= 'nls Se:'.:r't, i :r: men' l hose :ondltloris .., _ :hat Borncwer
<br />tat pays Lender 3.i su:nn w.^.,cn :ncr, wou,, disc atlucr ,tus Se.unts lmfruntent 1rid ;he .Note he.iYno ac.eierancn
<br />?ccurred, ,hi _ yes 1r1., ...tau., aril .`t ni” .' i .alit, J I..rn,C' ail .t :: ;t, _n,e, .n_t.rre n -ri i-o -cine this
<br />Securtl% instr.,l'nent. :n ' .tar.. „ . ,.a, r. : :r.t. a ...nc, es ,nom lilies ,u,..
<br />leasonai:l, rC. Ulre i" 3?,ur. .7. .'I ,. �c .. ... 11' ;..,nlci , I- Yi, C . .Iic .>• hCr' ,1 iiQ IS•'tt '.1 :.
<br />ohliga"lon )0 ilat tt'e ,umS r: ,.. Cd bs t :'..t It ,n'Cni rot.. tin .., I_ !II,IStc. Girl ht
<br />Borrower, this tie t. r.:s Ins,rume. ,.n;; !.. ilLat t e ._ . ,7.i rfeCtl,c as i o sr lei; r;on 'taJ
<br />+,cCl:rreV }lt.,.A.`C..'tii, gr'i _,�...•U• i :r,.e. _._, ,� -.... ....�...i.... ......,, tamp :apes i3 ,r i
<br />Sit) — UNiF(wm 0oyF`w`• I . ;'3,)rrrcr anti I ceder !urthcr 1;t., nan;. an f 3, "Irnws
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration follobing Borrower's
<br />breach of any covenant or agreement in this Security instrument (hut not prior to acceleration under paragraphs 11 and I -
<br />unless applicable law provides otherwise). The notice shall specify; fat the default• tbt the action required ro 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 he cured:
<br />and id) that failure to cure the default tin or before the date specified in the notice maN result in Accelerati n "f the sure
<br />secured by this Security Instrument and sale of the Property. 1•he notice shall further ,ntorm Borrower of the right too
<br />reinstate after acceleration and the might to bring a court action to assert the non-existence of :e detauit or any other
<br />defense of Borrower to acceleration and sale. If the default is nut cured tin or before the date specified in the nt tree. I ender It
<br />at itt option may require ernmediate payment in full of ail sutras secured he ,his Se.cur h iiatrument »itho ur further cp!
<br />demand and may invoice the power of sale and any other remedies permitted by applicable aw. I enour ,hair he nntltid to
<br />collect all ex nses incurred in ursuin the remedies rovided 7n this ?`
<br />� D fi D paragraph 19. :neiudtni;, 'xIt not Inniteil tt
<br />tem,onable attorneys' fees and east% of title eridene c.
<br />If the Dower of sage :s Inv,ii,ed, Trustee shali :record ;e entire ,I defauif :n ,'a.fi co7:ot, 7n -hi, n !nx part of the
<br />f'moperty Is !"Catra anti sS ai.l mail toplrs of such notice in the n+anmrr pre u'riheol ,,t ,t,r,;,r.e!,Ir 1.; Ji.'; r ,Nrr .anti to th,
<br />nether imrxcins prescrihe5 ht .ippiic:ahiIC ,1w lfter the tlmt regUmi•,; ht p,:.r.r'r1,: - -, �, ., +., , ,.t',:
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