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86--- 106501 If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make as award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given. Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the suma.secured by this Security Instrument.,whether or rwrthea dux. Unless Lender and Borrower otherwise agree ia, writin& any application of proceeds to principal shall not extend or postpone.the due date of the monthly payonents referred to in paragraphs I and 2 or change the amount of such payments. 10. Borrower 1144 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 to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commeacc proceedings agaim t. any successor in 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 succemom 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. It. Successors and Assigns Boma* Joint and Several' Liability; Co- sigoen. The covenants and agreements of this Security Instrument shalt 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 and 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. grartuand.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 Security Instrument is subject 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 Lendees 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 shail,take the steps specified in the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall 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 Property Address or any other address Borrower designates 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 Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law: Severabllity. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument 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 conflicting provision. To this end the provisions of this Security 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 Leaders 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 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 shalt 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 Security Instrument. if Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any remedies permitted by ibis Security Instrument without further notice or demand on Borrower. 13. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have enforcement of this Security instrument discontinued at any time prior to the earlier of: (a) 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 judgment enforcing this Security Instrument. Those conditions are that Borrower! (a) pays Lender all sums which then would be due under this Security 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 (d) takes such action as bender may reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower'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 effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. Nolt.UNlFOttM COVENAN Ts. Borrower and Lender further covenant and agree as follows: 19: Actyiendimn -Ra onli s. L*Ww shalll' -sin tMdet'to Borrower Prior to acceleration following Borrower's W o(say or agregainait is fsitr Saaritr Iaslrwwtt (but net prier to aeceleratioR under paragraphs 13 and 17 maim olipbodft law ire.ide. odtwwin). Mot, edice SW sPWW. (a) use default: M the action required to cure the flshtil<r (e) a dots, nurIM than 30 days fltiln d o4DW do nutfea kgivw to Borrower. by which the default must be cured; ud IU`tbat min rarra tbrt'it tilt art er btt4w a the thlt Neeillad'k tie toeiee rainy mufti* acceleration of the sums teat,iii.bg.gin Sapritlr :Jtntrroitt aril sic of tea PeePerq�. 7tie polite sMa?l Thither inform Borrower of the right to rdMlt s d-•tho rfjtt;le bring a cous e ictiatrto aMert the moo-existeace of a default or any other de oetsa et,,Bwtaww tot edwaliaa surf rah.1f dw I "Is notoered on or before the date Wpecifled is the notice. Leader my mq r+e Issr�sdlale_�tnritrsat Ht lull et all aman,weared by tbis Seewity instrument witbout further datriini surd saucy hmditfrtis /rwtrr of tiala;and air odw r ainadMs ersidded by *Wk*We law. Lender shall be entitled to eollsel; aft it"Wai o' him e isle the retirsdleo p�o+ridad in this paragraph 19, ineludim{, but not limited to. raetrnabta span 030 re" and cam of u& evidence. i! tat lettwtir or site is inwbad. Trwtw > neord t itstiea of default is each toasty is which any part of the property is Weatod and shoo tua0 caplet of such patio in the manner prewaibed by applicable law to Borrower and to the other t n Am ore!1erQwd by a1PBealik law, Afbrr this t(ses re,lidnrl by applicable law, Trustee shall give public notice of iiok to the pert and in the oruinisr preaerliiri r I mw. Trwee. without demand oa Barra —r, shall sell the