|
215= -003093
<br />If the Property is abandoned by Borrower, or if, after notice by 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, 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 />in 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 forbe :ra nce 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. The covenants and agreements of
<br />this Security• Instrument shall bind and benefit the succ ?ssors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />riot but does 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) agree, that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note 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 cr tither 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 lb) 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 reauces 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 unenforceabie according to its terms. Lender, at its option,
<br />may reuuare immediate payment m full of ,[[ sums secured b% this Security instrument and may invoke any remedies
<br />permitted by paragraph 10 If Lender exercises this option, Lender snail take the steps specified in the second paragraph of
<br />paragraph I ?.
<br />14. Notices. Anv nonce ro Borrower provided or ±n this Sect: ^t: Instrument shall be given by delivering it or by
<br />mailing t by ri s ass n iil un!• s -lira le !ayv squires Ise If r]ethud. The notice shall be directed to the
<br />Property Address or any other at dress Borrower designates '.y notice to 1_cnder- any notice to Lender shall be given by
<br />first class mail it) Lender', address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Jnsu'ument shall be deemed to ha ,
<br />ve been ]veil r :r Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law: Severability. This Sec arty Instrurnenr shall be governed by federal law and the law of the
<br />jurisdiction in which the Property s located. [n the went t!,at any pr y s,on <,r Jause of this Security Instrument or the
<br />:Vote conflicts with applicable law, such conflict shall not affect orrice prtciso7ns of this Security Se Instrument or the tithe
<br />which can he given effect without the contlicun_ provisonI I-o this end the provrsons of this Security instrument and the
<br />'.rote are de -lared to be �Ie% .rahle
<br />16. Borrower's C opy 1j,,!, we shalt b \ire and oft :cis �ecunty lrstrumrnt.
<br />1 Fransfcr n! the Property or :a Beneficial lnterest in Borrower. I �..t, .r ,utv part t f Iles• Property or any
<br />interest in it i, >,i d r rite s c red ,',,r tf a rte e c,al interest in B .rrowcr s
<br />d :.r transie ra If
<br />Borrower is not a natural
<br />Persona -:trout l deer's prior w nit: -n. ; nos, -at, Lender may, at its on n n r quire unmedtate payment in full of all sums
<br />secured by this Security lnstrume a. Frr.wecrr, this ,.piton ;hail n:,t he t.cercIsed �c Len.ier ]f rxerrrse is prohibited by
<br />federal law asoftheciate, fthisSec .ity Instrument.
<br />If 1,enderexercises this 'Lender shall give Borrower rrraunn The nonce shall provide a period i,
<br />of not less than - I) cr ivs from tl,c Batt. the nurice is delivered or nat ed within which Borrower must pay all sums secured by
<br />this Sccur tv fnsh urrient It Borrower ails to oay these sums prior'
<br />ri r 7e esptt :uu>n of this period, Lender may invoke stye
<br />remedies permuted 5v this Sccumv, l r.,.,,,,ter,t wahcut further notice cr drmard tvi Ntorrtwer
<br />18. Borrower's Right to Reinstate. [f Borrower nurets certain etondtnons. Soar oyver shall have the nght to have
<br />enforcement of this Sccurq.v Instrument discvniinued at anv ti ,e prior to the earlier of tai t days (or such other period as
<br />applicable law may specity for remslatettreni) before sale of the Property pursuant to any power of sale contained in this
<br />Security tnstr un I err r , ._ t r Jiwgrnent enhucmg this Securty in orument. 'T hose conditions are that Borrower:
<br />(a) pays Lender ad urn, w z c .rt xmild be due under this security instrlment and the Note had no acceleration
<br />occurred i h) cure, anv dci a it :,f a tc ,,the oyenants or Jgrcernents (c) pays all expenses incurred in enforcing this
<br />Securit} Insirumc] t !no;!ut't te, b,- nut 'tin red trl, reasonable attorneys tees. and td) takes itch action as Lender inac
<br />reasonably equiro t 3,s Ur rat the hen of this Se,.urny instrurnasv. L.e•7der', rights m the Property and Bornmoe, s
<br />7bhgation r,[y 71, n ;rcd by hr, ``e wild In stru 7e v hats nano a 7th an r. d. Upon t 7'hrr
<br />Borrower, h s, , c! ❑ \rJR 17t .�
<br />L. Iu nt h x e red' ',v Chet rernat t .illy efftc ice
<br />,occurred E{ ye',e r!` is r t -s r, h� � Is t no _e",, .., ,
<br />n_ta,cs. ]{ tasr,pa� i�he aset�t�arccicr ,.thenundcrpa,agrsphst reel'
<br />vt5v- iitittr�a�tC'r..yt. > :avT :; tic•nower tndI-ci lderfurthercovenantaad :greedsfollows:
<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 13 and 1
<br />sink" applicable law provides etherwiscl. The notice shall specify: (a) the default -, (b) the action required to 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 be cured;
<br />aM (d) that failure to cure the dcfauii ern or before the date specified in the notice may result in acceleration of the sums
<br />feenred by this Security Instrument and male of the Property. The notice shall further inform Borrower of the right it)
<br />fti&Wste after acceleration and the right try bring a court action to ]assert the non-existence of a default or any other
<br />def*me of 9wrower to acceleration and sale. If the default is net cured rut or before the date specified in the notice. I ender
<br />at its option may require immediate payment in full of all sums secured by this .Security lnstrumcnt without farther
<br />dcatand and may invoke the power of sale and any other remedies permitted by applicable law. !.ender shall he entitled to
<br />collect ail "Ite'"sts incurred an purwuina the remedies provided in this paragraph 19. including, but not limited In,
<br />reatr a'"Oraeys° lea anal Mills ill' title evidence.
<br />If the pri.arr <4 mle ,s invoked. Trustee shall reo,rd a noto, ,,f tlefaule ur each county ]n whi, :h any part of the
<br />f rr ftv rb iuvoiheat And ,Frail malt cfopi p of much muse in the manner t,re"i Wwd 4% tppticable !vain rn H „rr„wrr wnd to the
<br />i4her percoas prrwa eFNet ya ippi _itti a law, -+fttr the time rrquitud by appllcnbik law. IriStec yhail fit.,• public 'rides ,J
<br />sale, tr,, ttw �rsnrae an,; in rlre manntrt rsa�ril i�
<br />� rrti by appiia :�bJe.�w. Irnt'rr, a ;zh =rui da�ntxnri ,m 1{„rr „wrr..h�ta1 +rli She
<br />M
<br />
|