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<br />206"
<br />ff the Property is abandoned by Borrower, or if, after notice by Lender to Borrower, that the condemnor offers to
<br />make an award orsettle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />Riven, 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, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 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 orally demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right 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.
<br />this Security instrument shall bind and benefit the successors and assigns of Lendeaand Borrower, subjects to the provisions
<br />agreements of
<br />of paragraph 17. Borrower's covenants and agreements shall bejoint arid several. 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 o make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Follower'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 yaw is finally interpreted so t
<br />connection with the loan exceed t hat the interest or oilier loan charges collected or to be collected in
<br />he permitted limits, there: (a) any, such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) 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 file principal owed
<br />under the Note or by making a direct pavment to Borrower. If a refund reduces principal. 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 enactillent ,)r expiration of applicable laws has the effect of
<br />rendering any provision of the Note or tills Security Instrument unenforceable according to Its terms, Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any 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 />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower ; by
<br />first class mail to Lender's address stated here", or any other address Len der des grates by notice to Borrower. he give by
<br />provided for in this Security instrument shall he deemed to have been given to Borrower or Lender when given 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 />jurisdiction in winch 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. I`ct this end the provisions of this Security Instrument and the
<br />Note are declared to be severaktle
<br />16. Borrower's Copy, Borrower shalt be given one conformed cop), of the Note all d of this Security Instrument,
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. (f all or any part Of the I'rnperty or anv
<br />interest w it is sold or transferred for if a Ieneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payrnent In hill ref all sums
<br />secured by as of the date o! t this Security Instrument. However, tilts 01)[1011 shall not be exercised by Lender if exercise is prohibited by
<br />his Security ills
<br />federal law' as
<br />If Leader exercises this option, Lender shall gl.,e Borrower notice of acceierahtnt The notice shall pim lde a period
<br />of clot less than 3C) days front the date the notice is delivered or rnalled wlth", which !lc>rrnwer must pay al9 urns securest by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the e..xpirat,t�et of tills period. L<'ncfer may invoke anv
<br />reredies permitted by this Security instrument wtthuut f -urthe I notice sir clernand c,n Borrower.
<br />1A. Borrower's flight to Reinstate, If Borrower meets certitill condit'"Is. 110fi N-i Khali hace thw right to have
<br />enforcermemt of this Security Instrument discontinued at .u,), tills prior to the ealrilr�r of- (a) � days for sorb other period as
<br />3pphca6le law may specify for renis[atenient) before sale of the Property pursuant to'IfIv I)rower of sale conrairred in this
<br />Security Instrument: or (b) entry O( FI mdgnlent enforcing this Secctrlty instrument T host conciiti�>ns are that I3orrovder
<br />(a) pays Lender all %urns which then would be due under tills Secunty Instnlrnent and the Note had no acer�lera el
<br />occurred* (b) Cure% any default of anv Other covenants or agreements: (c) pity" rill e.spensec instilled in enfr,rcing tills
<br />Security Ir�strurrtent. including, but not hinted to, reasonable attorney~ (Ves, ;reed t(l) tares Sucl1 ac:tr,irl as I.f�ndrr Imsn
<br />reasonably require tot assure that the hen of this secltrity Instrument, Lr.11cier'e rlght� in Pill- Pre�pcf(y rend Bono%%
<br />obligation tks pay the sums secured by tills Security instrurrlent shall
<br />Borrower, tilts Se�Uflt) InstlirrnPd,t ar,cf ills (r1 i- imilnlle ntec:hangf -d 1.1!pcll rr'i115taternP.111 bit
<br />occurred FfOwever. this right to retelistate tihallln,tttttprply intncfe� _�txvetl�tccPierc;t-tr,tonnf ti�f,ic�P 1`,�I,�,tgtftol�l,s ;aloe IccrEel,,tictrr h:trl
<br />Nr,YNTNIFOR1061 COs'Eiv,AN Llorro'.ver and Lender fu►'ther coverallt and aIglce its h,lim%
<br />19. Accelerati ±)rt; Remedies. Lender shall gives notice to Borrower prier to acccle►ation fnilr►wire► Brtrrr,rver's
<br />breach p any covenant or agreen,r *nt in this �ie'CUrits' instrument (Milt clot tlrior' is) .tccc'ie r:lti +eat PIPttI €'r fs:rr:ltgr:lt ►its t.i a'rrd 17
<br />salsas applicable law prrtvida "therwisel. i he notice shelf specify: eat filar default; (b) the ,ee"det rt yuirt'tl to earn the
<br />default; (c) a date, not less than 31) nays from the date the notice is given to fi <,rrowc'r. be rml►irh floe da'fttult must he rtrred,
<br />and td) that failure to) care the default roil or he�fore the (fate Specified in the' notice rublf, fe%lilt in acci-leratiun Oil tits- ~ulna
<br />sated by this Security inxtrurnent
<br />and sale of ills' Property. the notice ~hall furtht'r ireturn, Borrovat�r ref tilt right ear
<br />tefensee after acceleration oral the right if, Ill ins a emir t :tetiull ts, .rsser t the nsrn e'Q osts'slc t° Fri .1 �!t t suet nr sell nthtr
<br />Manse of Borrower to acceleratistt► ante earls. It fhc (1031111 Is not c iirctl =rn it trtdt)i t, th,� {I„ttc apt sifted in flee nratirr f a�rtttt�r
<br />at its option may requite srnffretliate paynittrtt in full 4 all sufus sevinctl he this security letvtruleteut «ithtrat turthrr
<br />demand and allay invoke the Power rrf vale and an$ other reln€ ffies Iternlitted hs =tpplicalrie' Iast, t antler ahull I>c� entitled tc►
<br />Collect all expenses iaicurraar3 111 irorsuing the rernedics provided in this Ioala l.aph IQ, inclildlt,w, Irut nlot linlitecl tip,
<br />reasonable sttornir iv fees ano,l errata il1 title ee ii1clice.
<br />If the power of laic Is Invoke' f, I rflOvs, h. 1101 ^r l -)f J a ru,fttt' ��t lie fault €
<br />°re)perty is int,atetl A114f ~hail tsr:4as` C I 1 t. tl ttti Sri irr 'ti I;IC ,irr t 1 Ptle'
<br />tm—, its One t I➢'itlt f' m till, ln6llplpv" aft ' <. l't ,1,4. i ��} _ti 5 ids t�rM' !.R 4a f3i ttir + :s ,'t '.a tiI P.• ft�t'
<br />°Pths�r ;b �`t$ +VY @� Or �u(0 `a t3 t'I) li3 ,S6 ?t iii .e €Ile' (Sew '�i(§ [ rhP liln9' PI'Itim t
<br />late 11,
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