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<br />if the Property is abandoned by Borrower, or if, after notice b� 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, Lender 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 Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, airy application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change 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 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 Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any nght or remedy
<br />shall not be 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 ,if Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall bejoint and scyeral. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument: (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Secunty instrument or the 'Vote without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security 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: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit: and ibi any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may _house to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower If.i refund reduces pnncipah, the reduction will be treated as a
<br />partial prepayment without any prepayrent charge under the 'kite.
<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 Security Instrument uncniorceahlc :recording to its terms, Lender, at its option,
<br />may require immediate payment in full of ill Burns secured by this Secunty Instrument and may invoke any remedies
<br />permitted by paragraph 11) If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17
<br />14. Notices. Any nonce to Borrower provided for in this Secuntti Instrument shall be Given by delivering it or by
<br />mailing it by first class marl unless applicable law requires use of .another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates Fey noutce co Lender Any notice to Lender shall he given by
<br />first class marl to Lender's address stated herein or any other address Lender designates by notice to Burrower Ans notice
<br />provided for in this Security Instrument shall be deemed to have been gi%rn to Burrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Secunty Instrument ,hall be governcd by federal law ,;rid the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument
<br />17. Transfer of the Property or a Beneficial interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower i% sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payment in lull of all sums
<br />secured by this Secunty Instrument However, this option shall not he exercised by Lender if exercise as prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall pro%ide a period
<br />of not less than 30 days from the date the notice is delivered or marled within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower lads to pay these sums pnor to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Secunty Instrument discontinued at any time prior to the earlier of (a) 5 days (or Such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument. or (b) entry of a judgment enforcing this Secunty Instrument. Thos conditions are that Borrower
<br />(a) pays Leader all sums which then would be due under this Secunty Instrument and the Note had nu acceleration
<br />occurred. ib) cures any default of any other covenants or agreerents, (c) pays all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action a•, i_crider max
<br />reasonably require to assure that the hen of this Security Instrument, Lender's rights in the Property and Borri— r ,
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. l.ipon reinstatement i,.
<br />Borrower, this Security instrunient and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate Shall not apply in the case of acceleration under paragraphs I I or 17
<br />NoN-UN1FoFtm COVENANTS Borrower and Lender further covenant and agree as follows
<br />19. Acceleration; Reinefiles. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach y covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 1
<br />law provides otherwise). The notice shall specify: is) the default; tb) the action required to cure the
<br />dlfihft
<br />(c) a 0111110, not less that 30 days from the date the notice is given to Borrower. by which the default must be cured;
<br />(4) that t to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />sonw*d by *W unity Instrument and sale of the Property, 'The notice %hall further inform Borrower of the right to
<br />reinstate afteir
<br />debw 91 aceekiratiois and the right to bring a court action to assert the non-existence of a default or tiny other
<br />Borrower to acceleration and Maje. If the default is not cured on or before the date specified in the notice, Lender
<br />91 NA Option dfmbmd mail y reqvire imnmWal@ payment in full of all sums secured by this Security Instrument without further
<br />y Invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />!dl -Plinses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to.
<br />Offorbays'fees and costs of title evidence.
<br />If t suer of crate is invoked, 'Trustee %hall record a notice of ,irfault in each count► in which any part rf the
<br />Pf"firty is 100811011 and sha)I retail copies of such notice in the manner prewrihrti by ,applicable low to 111.1rower and roe 1114,
<br />Male to the ifeirsof" and Fir"crilarvi by Applicable law, after the brae reetair m h% ,rpplicable taw, I rtr%t" shall gi%v puhiic niotic'4 "1
<br />In that lmwRsr PreUribed by Applicable law Irusire. without demand .in flmriiwrr, hall scil ih,
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