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t
<br />p,, 'la
<br />Uthe Pro perry is $5— 003440—
<br />ed Bc.
<br />m,;r iwer, o after r!oti. c h} Lender to Borrower than the condemnor offers to
<br />make an award ar seiisr a film "c da a es Borrower fast
<br />to TCSVond to Lender within ?t? days after the date the notice is
<br />given. Lender is authorized to colic ' ard. arpiy the
<br />proceeds. at its Option, either to restoration or repair of the Property or
<br />to the sums secured by this Security in,;rument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing,
<br />any application of proceeds to principal shalt not extend or
<br />Postpone the due date of the monthly
<br />payments referred to in paragraphs I and 1 or change the amount of such payments.
<br />'Not
<br />10. Borrower ot Released; Forbearance
<br />By Lender Not a Waiver. Extension of the time for payment or
<br />modification Of amorti of the
<br />sums secured by this Security Instrument granted by Lender to any uccessor in
<br />interest of Borrower shall', not operate s
<br />to release the liability of the o iginal Borrower or Borrower's successors in interest.
<br />Lender shall not be
<br />required to commence proceedings against any successor in interest
<br />or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by
<br />this 5rc. ;r ;ty Instrument by reason of any demand made
<br />by the original Borrower or Borrowe
<br />s successors in interest. Any for be.. un,ce by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or
<br />remedy.
<br />I L Successors and Assigns Bound; Joint
<br />and Several 1._iabilitr: Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors
<br />and assigns of L ender and Borrower, subject to the provisions
<br />of paragraph 1'. Borrower's covenants and agreements shall belosnt
<br />and sereral. Any Borrower who co -signs this Secunty
<br />Instrument but does not execute ;he Note: (a) is co- signing this Security Instr
<br />ument only to mortgage, gran[ and convey
<br />that Bnrrewer's interest in the Pr,, perry under the terms of this Security
<br />Instrument; (b) is not personally obligated to pay
<br />the sums secured by this seen ,v t :strumenr; and (c) agrees that Lender
<br />and any other Borrower may agree to extend.
<br />modify• forbear or make any c c'mmodations with regard to the terms
<br />that Borrower's consent. of this Securih' Instrument or the Note without
<br />12. Loan Charges I£ he r?an secured by ;his Security Insrrumc is
<br />ttr subject to a law which sets maximum loan
<br />charges, and that iavy is 1 t d
<br />so that ,he interest ihrr ' Oan
<br />connection with the ' -an *c;ed the :er hied limits. then: (a) loan lbeeeduced lamou
<br />y such cha4rge shall by the t
<br />necessary to reduce ch ^e to the .ermined limit: and (b) any sums
<br />aireaay collected from Borrower which exceeded
<br />Permitted limits will he refunded to Borrower. Lender may
<br />choose to make this refund by reducing the principal owed
<br />under the Note or oy making a direct payment to Borrower. If
<br />a refund reduces principal, t
<br />partial prepayment without any prenavmrnt charge under the Note. he reduction will he treated as a
<br />13. Legislation Affecting Lenders Rights.
<br />If enactment ••r expiration of applicable layvs has the effect of
<br />rendering nv row s r c f` R e r e.L ty Instrument
<br />u urt: - (e - -cc.- siding to,t_• ;Terms. Lender, at issoption,
<br />may require r^mr late avrte r .n , t , ii cur ns secured b} this der
<br />per ..!tted by Para a, ., ! a rr lnsrrumenr and may invoke any remedies
<br />IF hue. c e, cases his o prier., Lender shall take
<br />par £ aph r._ liens specified tr. the second paragraph of
<br />14 tires �r.•c e to + .r suer r c ded Gtr !r. !his Sr ,.,,.
<br />ma rm,, _,; r. fir shall he given by delivering it or by
<br />Propern of v eq s use , an .
<br />i rs, �dre„ i' ',c nc tt sL he directed to the
<br />3o!�cwe
<br />d tgtares oy not ce r .y •u,tr tc I ender na'l i. given b:
<br />fi s, ads r a I address -stated herein or any other address ies;gna[
<br />, c..iie s be r!ntic. to Bor, e er Any notice
<br />r tided v n „ �t.; .ity Instrument shall be deemed to have been
<br />_ yen & rcwcr ,. Lender u hen earn as provided
<br />1S (nvcrrmj Law: Severahility. This Security r ,,t
<br />,tee t shat
<br />errs r *tr cvern d n� rd all •,v nd the law of the
<br />e PMPe y is .cared. In the event Thai
<br />\ any roytsr , ,
<br />P s "' s S tv I tstrument or the
<br />aril ',cable aw. >u.n con itet shall ncrt affect ether rnvi
<br />p , his r. m grit or the Note
<br />n fie z .7` erf wt,hOut the cnnfienng procrs;on To this
<br />end the t lion, ((thuu�t
<br />":ch
<br />�i c.. ter .._ ,i :rac,e ecur- Instrument and the
<br />16 tiurrswer c pv
<br />instrumert
<br />I an5fe of rite Pr('¢erCl' or ! Beneficial Interest
<br />In 13o.. +)we
<br />+e est :: r , :;e Property or any
<br />C ' : :, hail interest in Bo,
<br />,H `sot ur in Bc - u r , not a natural
<br />en f ent. Lender may, at its
<br />�y :..r.ir n tu,i >
<br />(f all sums
<br />,ecu.eci by hl S,e nsr rt ,• However, this o non shall
<br />p
<br />not e rxcrcised w - nf�c- ' - cxrrcae is prohibited by
<br />federal taw as : i the tat .. ftb,s �u_�: itc Instrument.
<br />If L tae el� s , h r. 1 rod r shall give Borrower n + ce'•t ae icrat. , Ter t ,hall p roy!de a
<br />t not t ss 7 r. , y t m i +arc
<br />period
<br />; v notice s ,lei vered ;;r mad ,d u nh ;n w n,ic h g,_,r. , wet inns, ,:ay all sums secured by
<br />this t „i.art c u r +)us
<br />Vav these su n prior to the exp!rat, . ! i,1 !s period. Lender matt invoke any
<br />d:eu
<br />rerrcu rs -•.e •....� � ,. >�. r _.,,. without farther -a
<br />-
<br />nc v (,rdema din G I ewer
<br />18. Burrower Right to Reinstate it 13(r,
<br />meets
<br />rawer certain one ! B it ,rover shall have the right to have
<br />rnfnr e t �. c ('� i r
<br />r, �r,urued at any time rn . -, t.
<br />anpticah�e aw is pe 1 he surliest i ) > days (.r such other pened as
<br />Se.ur,._ ;, - _• -- _, , -,a!v e r i beti,re sale of the P�+.perty pursuant to any !,owe. of saie contained in this
<br />u rrnt c t e t' mg this Sc. y in>rrumer!t Ti :sr ;endai_,
<br />(all pays I_ sec u Is .v•i i id he d os are that Borrower
<br />e under this Cew-ay
<br />Instrument :.,.d the Note had, no acceleration
<br />occurred, h) ,...,s eta ) c
<br />:.ae fits ur avrCemenl i rays iii e +.senses n::..e(i :n enforcing this
<br />Security
<br />'cati„r
<br />ab c al L.rne 'S _' dN.: ,i i T-kes 5. ch aC110rr as Lender rPaY
<br />reasonabl'+ ,, i, ;,t .1
<br />ill..
<br />bliaatu>n av r -h the 1 r, :ere, and Horrevver',
<br />t".s x he r 5r v
<br />Borrower. ,. .._ . ,,, .u,c , ^changed .,-cat renistate'ne•nt ry
<br />-..
<br />v.,. H vs _. i _•:, .. :.._ - ;mead
<br />. ,
<br />NON i j"R
<br />L. ender further CRVertaert< a, h��i ;_!ws
<br />19. Acceleration: Pemedies. Lender shall ;dive not
<br />breach
<br />e
<br />of any covenant or a(;reement in this Security Instrument i *i fparagraphs
<br />ut p acre citation under
<br />unless applicable law provides otherwise',. The Brand I'
<br />notice shall specify: is) the default. (h) the action required to cure the
<br />default; (c) a date, not less than
<br />c'sfi days from the date the notice is given to Borrower, by which the default must he cured;
<br />and (d) that failure to cure the
<br />+lefau r :,n ,r before the date specified in the notice may result in acceleration of the sums
<br />Lsecured by this Security Lnsuurnent »nd sale of the Property. The iitice shall further
<br />infoitn Borrower of the right to
<br />reinstate after acceleration and the right 1,, bring a court action to
<br />assert the non- ealseeatce of It default or any other
<br />defense {)f Borrower rill acceleration and sale, If the default is not
<br />cured on or before the date specified in the notice, Lender
<br />at it's ("pttost MAY FtQu)f4r Immediate payment an full of ail
<br />�.
<br />Yams secured by this Security Ii)St rliment without further
<br />demand and may inlIoke the p()wer of sale' and any other rernenies permitted hh appllCahte law'. l ender s3 ail he Cntirle'd
<br />law. I d
<br />collect cif expenses incurred In h
<br />le
<br />pursuing the remedies provided in this
<br />reasonable
<br />paragraph f9, Including. but . l:ntit r<,,
<br />attorney y' few and c"st9 of title evidence.
<br />If the U—er: t a ! «.,ked. Irtavtee shall re• , (
<br />l rr
<br />Pr err a antrcp a 1 flu ra :u.N -..ant
<br />tY iv
<br />t)et rt ,n. tr,c7 :,u
<br />, .<.err�ci :gr i hail :a , npues rrf xuc'l, aoLie in ;he rssanner ,tr_. r: air r1 ,,o - 1 r,r t of 17n
<br />+t {tier p¢ 'SF Irr4 + IAII' t
<br />2if 4 r: ! trt)i �.RH r'- N r qt r •;•F.
<br />_ +ti AiiiE :eta. r}tiIer the °ime reel < r•,I
<br />', s 4,..1
<br />SSptf ] fh(^. t H �.t•. '1e� r. ,,,t C=' ••w. < ,:1 f i t = >t ;i, •i
<br />trrr. =catired b, apt €I[cafsf r- 1
<br />.. .?v ut ,t, ..,. r- +? .•. wr, .fie!, t, ,
<br />
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