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<br />If the Property is aioanilca. _ �y Borrower, or if, :after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for da rIages, Borrower fails to respe.Ind 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, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs t 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 forte: r dance by Lender in ex
<br />shall not be a waiver of or preclude the exercise of any right or remedy. ercising 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 Lender and Borrower, subject to the provisions
<br />of Paragraph 17. Borrower's covenants and agreements shall be jcint and 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
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrowers may agree obligated to
<br />xttend
<br />thatBorrower's forbear for minks any , ;ccemmodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If! fie loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is tinaily int ro reted so that the interest or other loan charges collected or to be collected in
<br />connection with the lean 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 (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 the principal owed
<br />under the Note 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 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 Security Instrument unenforceable according to its terms. Lender, at its option,
<br />may require immediate payment in ' =.x11 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
<br />paragraph 1'.
<br />take the steps specified in the second paragraph of
<br />14. v„tices. Any notice to Bo rrrovver provided For in this Security Instrument shall be given by delivering it or by
<br />mailing it by t .lass mail unless appilcat)le law requirE:s use of anc7t) cr rneth,o
<br />Property Address or aril, tiller address Borrower designates by notice to? t_ d. The notice shall be directed to the
<br />first `lass mail to Lender's address state `deer. Any notice to Linder shall be given by
<br />e herein or any other address Lander designates by notice to Borrower. Any notice
<br />provided for a this Security lnstrurrient >hall 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 to which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflict- with applicable law, such conflict shall not affect other provisions of this Security Instrument or the 'Vote
<br />which can he eiven effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />:Vote are ..leclared rt., s, scvcr
<br />e. ah,le.
<br />17. Borrower's Transfer ('ropy, pert io or ill e ��c y;iven tans conft�rntcc; c(,pti. ,,f the: Notc and of this Secunty Instrur -;•nt.
<br />1 ?. Transfer of the Property or c Beneficial Interest in Borrower. 1 • the interest in it is, st,l ; ,ti *r i : l .a11 or any par, of the. Property or any
<br />e r anstC ej i rlr ' a 1'erieficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />Person) without Lenders prior writte consent. Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Se•ct,rlty written consent. Instri matt However. this (option shall not he exercised by Lender if
<br />federal law as of the date cif this Serunty Instrument. exercise Is prohibited by
<br />If I_encler exer,:ises this option, Lender shall give Borrower notice: of:acceleratiun. The notice shall provide a period
<br />Of not less than? 1t; d ,vs'co�ri the' date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Securat% Ins[rurnerit. if Borrower falls tt:i pay these surds prior to the expiration of this period. Lender may invoke anv
<br />remedies t.�errnitred by ,•fir, Sep linty Instrument without further notice or demand on Burrower.
<br />18. Borrower's Night to Pt�s Se: Reinstate, If Borrower meets certain conditions, Borrower shall have the right to have
<br />enfclreenient .,f t riritc Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as
<br />applicable law nla3b peeify fclr elnttaten-lent) before sale of the Property pursuant to any power of'saie contained in this
<br />Security tai. ;ri.rn� tit: Or thi <r � of i (udgmem enforcing this Security Instrument. Those conditions are that Bed in
<br />(a) pays Lender iii whim tflen would be due under this security Instrument and the Note had no acceleration
<br />occurred, o�• cz:r s .tri° tilefas.,Pr Of any t- °titer covenants or aireements; (c
<br />5ecuaity Iris, incli.iciirl� , nut not "111111ed to. reasonable attorneys' ic:r'ti� and ltdl expenses
<br />akeg such traction rlas Lender grri�aiv
<br />bligatior, (r'Cltifr_ :tl ;rtitiur. Thai the h,<jia i'f tilis Security Instrument, Lender's rights in the Property and Borrower
<br />Horrowe rl its tea Ii€ ii ^lw tie �srre? 4,� this Security In trumcrit .;l .tanurauFa unchanged. L'Ioc>n reinstatcrncilt
<br />Borrras�er this ti; z lr 1rnE n: ,.inn h +11)li arl�nc 1 1'
<br />ee i rt d ie r by h rtl °c:rn.iln Bally effective as if no acceleration h:1,.1
<br />�ccurr( °ti llttv�; ,. li; .rlt rte r inti „e,,. ;lx.ill m t m1riv 117 shecri,c'.1 ?' ;leer ler,,tl(aii irne:cr bar ;.if raphs 1 t ins 1't.
<br />NoN—t Nsp,lp, ^,I (.1syf�NA, *dry. H oru-)wear and Loradci, further covenant ;and agreo as fcillows:
<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 1.1 and 17
<br />unless applicable law provides otherwise), The notice shall specify: ta) the default; (b) the action required to curd the
<br />default; (t,) a date, not less than 31) days from the date the notice is given to Borrower. by which the default must be cured;
<br />and (d) that failure to cure the default On oar before the date specified in the notice may result in acceleration of the sums
<br />netted by this Security Instrument and "sale of the Property. The notice shall further inform Horreower of the right to
<br />reinistate after acceleration and the right to bring a court action to assert the "sire - existence of a default or :any either
<br />s fe of Boorroawer to celeratil'm acid sale. If the default is not cured on err before the elate specified in the notice, Lender
<br />at
<br />demand and its Option nosy require immediate payment in full of all sums secured b y this `- curily Instrument without further
<br />may invoke the power oaf sale and any.. other remedies Permitted by applicable law, lender shill he entitled to
<br />collect sill expenses incurred in pursuing the remedies provided in this paragraph P), including, but not limited to,
<br />re o ble attear"e ys' feet and for is of title evidence,
<br />If th e pzswer 4 miv(pked, 1- tirster %hall Peer €rii a n,tiee, „4 tic�' ;�aasr ire ae�tr o�(,aanty its wpsi�tp :a1rr t:airf trf the
<br />f'rft riy ty located .aeis fr ld rr� aa€ c �xpie +�! such depict i” the in 'r lain a c ribs °(E tie sfafrlie °able' law tr, Bfitri r�e�rse r aloof tee Pttr
<br />rrth r r �rrt4 prey dw'd t,i .)pp11u. al 1C law %fter the time required f1a a�staiic,rllii' ;;tam Iref4tcV Shall ere1. trntslir 1lerfie't° 1�f
<br />vile tot stye rWrvilty� 'erid 18) floe M4nDkIr ilk �ApplicAhle 1Ao, Iru%?, c, ,mirtro111r ilcti?,411d on lf,.,i; ,tb( I, :fin @l 'wil flit,
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