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003385
<br />If the Proprrt: is ba u l e i e e, ,wet or it after notice by Lender co Borrower that the condemnor often to
<br />make an award or Bettie a (aim :e , aai .., ,, frorrcwer ;ails to respond to, Lender within 3J days after the date the notice is
<br />given. Lender is authonzed t:. io:rc c ari iy the Proceeds, at Its uption. either t� restoration or repair of the Property or
<br />to the sums secured by this Security Ln,:rument, whether or not then due.
<br />r unless Lender and Borrower t therwise agree in venting, any application of proceeds to principal shall not extend or
<br />f postpone the due date of the monthly pay meets referred to in paragraphs I and Z 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 />modificalion of amortization of the sums secured by this Secunty 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 [he sums secured by this 4 ;rty Instrument by reason ofany demand made
<br />by the onginal Borrower or Borrower's successors in interest. Any forbearat :ee by Lender in exercising any right or remedy
<br />shall not lie a waiver of or prec!ude the exercise of any right or remedy.
<br />I I. Successors and Assigns Bound: Joint and Several Liability t' ;, Igrsers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors amt assigns ,,,f Lender and Borrower, subject to the provisions
<br />of paragraph 1'.. Borrower's covenants and agreements shall bejoint and several. Anv Borrower who co -signs this Security
<br />Instrument but does not execute the Vote: (a) is co- signing this Secunty Instrument only to mortgage, grant and convey
<br />that Borrower's interest In the Prortn% under the terms of this Security Inst.rumenr. (b) is not personally obligated to pay
<br />the sums seeurc� c this Sec strumenr. and (c) agrees that tender and any either Borrower may agree to extend•
<br />modify. forbear or any accommr>i:ar,cns with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />1' Loan Charzes Kti-.c can ed by rhis Security [n,tr :.m :ent is suhiect to a law which sets maximum loan
<br />charges and the , ,z :. tl, r+ o that the interest :rb harges collected or to be collected in
<br />connection with h- Wan vxctted the e. rutted hmtts, then: ta) tiny such loan Charge shall be reduced by the amount
<br />necessary to reduce the charge rc! the T -- milted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will he refunded c Borrower. Lender may choose to make th +s refund by reducing the principal owed
<br />under the vote'. r oy making a dire t payment to Borrower. JCa refund reduces rra=ctpaf. the reduction will be treated as a
<br />partial prepayment without an, ;repayment charge under the Note.
<br />13. Legislation Affecting Lender's Righ e ts. if er ctm nt rir ex .iration of applicable laws has the effect of
<br />r
<br />render g ul} r ,v sl , l rr i V•,t h; =« ,:..r .gill x nlrx . ,,;r;.ea -ding to it: terms. Lender. at its option.
<br />may require Imm care ; n -.tit ; !:.,f secured by [his -Secant% Instrument and may Invoke any remedies
<br />permit eu by na.agrapn ! -r r ezereiaes hi] rltun. Lender snail .ake the steps specified in the second paragraph of
<br />paragraph t'
<br />4' 14 totices ar r t xe r v.d c t r . to s 5e,:u : nirticnt ,haft be given by delivering it or bq
<br />martin .th,e- 1
<br />' T.0 nonce shall be directed to the
<br />Proper s 1 i' } esl, :dies by t 1 r I i Any notice to Lender shalt be given by
<br />fi st .•lass ail I cri e'� ,e' ss s e t•_,ei ,rary other add gs ,
<br />t ign c, by notice to Borrower.: >m nonce
<br />drJ )r n .h , _..Lei .Irani- ...aai rc deettied h) hate been , itcn 1 , Boni- w,vi- or Lender when given as provided
<br />, !his. ar.:p
<br />iS t -ern ng Law 1;.yerabillh I r l_ S urrt lr.,
<br />r r u toed by cdcrai !;,,c and tI ?e taw of the
<br />Ldi. -t .vn n f } a l ( e u r i rlv I,r ., , pus of Ihts Security Instrument or the
<br />late. u t !1 a feet ,i..,u ; r 4
<br />n, , t hls Secunty Instrument or the time
<br />.vhtch e r. he ,tie e vi nu the , ;nfla :.n.. ; f ".;,,,_n To ,his end ;i . -r 41'.,,ms of this Secunty lnstrurnent and the
<br />zr.: e lr,t ' ,Los Serum} Instrument
<br />t 1runstcr cf the o
<br />Y operty r l Beneficial Interest in Borrower ,f ill .r -i ,kart of ,hc froprrty or any
<br />nterest ;,; , ; r- ln,le': d :ind Burrower I, rot a natural
<br />pr r. i a 4 -r., t [ teller r r, at situ ore n n tad each ?ent In full of all sums
<br />t ,rd rte i i rat E. ue, his : pi,r.n sh:,il , „ be d exercise iS prohibited by
<br />.°•der : :, .w :.a,_ a t
<br />lu r,t.c B 7rrower qt r, ;n I he ; lonce shill prncide a period
<br />�f rot is s r s - , 1 ;at :u.e r, ael1% net? cr ma.,cj ,4lrh a r '.n lie -rower must pas ell sums secured by
<br />is sec r c (- - r, ow s terse suirls Prno( to t4r ett.l :..i(,;l ,_,f:hls penod, fender mas invoke an•:
<br />eme :: c r ..rc ;ht•. 44 :r;tc 1 r5 . b; -a aahout further n teeer d manu :,r: Eiorrnwer.
<br />1H Borrowers Right 11 Reins a e. i . f veer meets e .dirt a rid :inns. Borrower ,hall ha•:e rite right to (taut:
<br />r e c :1 I _ l;rnc. laid at Limn tlrr r nrr in tie e
<br />! ; °r f e,O ' ._r .acs i.?r su h ..lire Period a,
<br />ut w e c at i t etc e sale of the 1 per ? u , iant a anv rower of sate e - nrained to this
<br />�c '.ant'' •i i i.,it: ill cftlOr� rig tnl -, !,
<br />fr ,,rI1R .Coll I tlrse : -.,r ti [llltil arc. at B,- lrn:we
<br />a) pays _e- i s 1 a. 4 ,v. a,d ^c clue under tilts Seu nt: t ,s,: urne.,t ..ut, :he Vote had n„ aucleraften
<br />9,1 )4 (ants free `e`t.:: . ,a PS ail 1 ^t'th., ni i '_47 I It'^icmg thl,
<br />r M �iti I U; [Ile "'its nar le alt 'r11Ct,? e ,. a•7 tl 1 i _
<br />ai�t, t - 7 a"tl ,r . en[' r ilia%
<br />_!a. _. ..i 1 VCeU( I:. ttl Cr,l. L -.c7 the 117,
<br />e d Bn wc,
<br />- .tilt's
<br />'s l :`. ;tee tl,:, , • :�s•krr „wrra >;)fe :tde :tRl�tgr� 1, �s
<br />19 acceleration; Remedies. Lender shall give notice.to B4rowje pOit elevation following Borrower's
<br />breach of any covenant fir ai,rilcment in this Security instrument (but not prior to acceier ation under paragraphs 13 and 1”
<br />aaieas appdicabte taw provides otherwise+. The notice shall specify: iA) the default: ih) the action required to curt• the
<br />default; se) a date, not less than o() days from the date the notice is given to Borrower, by which the default must he cured:
<br />and Id) that fatlurr, to cure the defaid t, ,r before the date specified in the notice may result in acceleration of the sums
<br />L"Cured by this Scct+rity Instrument :and die of the Pmperty. The notice shall further inform Borrower of the right to
<br />reistate after accrieratmn and the righ ,t, :,rink a court action to assert the non•emstence of a default or any littler
<br />defense rof 13wrolavr tr, sccelcrawin and sate, if the default is not cured on or before the date specified in the. notice. I Crider
<br />8t its a 01011 v require. intmediate payment in full of all sums secured by this Security instrument ,ititiout further
<br />do naasd a y Iwzoike for power of saele and :any either remedies permitted by appiicahle law. Lender shalt he retitled to
<br />ceilrrt aI! w et s mcurred In Pamuiair ;ter remedies providedf in this paragraph 14, ;ncloding, but riot limited to.
<br />real ca tidy attrna^nraa` fetes Anil e3ae49 ,f fait^ ertdrace.
<br />tr tygc , ...let ,>de i t ruove ,hall er( tir =f a sx.,tt [ ±tail i , al , nutiP, n •hl: ,i ,(art 0 the
<br />f'rtt etc :s t ,c`ate t tr 1 some. m a . ,', :pwi 0 •sut ti otrtiie ;n ihr r »son pr,ts.t s =,. 0 it, _ip,. u, .iW., l'I .'., Hi t t .end hl [h,
<br />„!leer VMr raa trs'o r '1 - �,'ipi rsi =I ° i:a. After 1ht^ time "'quirts? 'r? ;ttt,l .,Jb;t :, t r :!sIr 0 hilt s!,,, :1i&i;, 'tit;,', ,
<br />hats! t,. ekne t n, n,, A =°Anr;a-•
<br />,Ar r'4i -. '?6b'Pl t4i Nppneat)I <' lien :,1'. ".'n�. e,[ii r, t,' yt
<br />:311_, it.i "n }S•, rr ;: .... ,'!: rill'
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