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i • .. 85. 003505
<br />I hr P ?ncmv is aban d nez B,)7rowcr,. or if after notice by Lender t Bo tw f=
<br />a.th .m ern ,r e,t
<br />make a.: ward or settle a Maim ,;, damage, Borrowe tails to respond to Lender within n days aft.., .he vats .,,e nonce :s
<br />given, Lender is authorized t., collect and apply the proceeds. at iLs option, either U1 restorX on OT repau X 1 h Propemy ter
<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 exicad or
<br />postpone the due date of the monthly payments rcfen:ed to in paragraphs I and 3 or change the amount of such payments.
<br />10. Borrower Not Itele2sed4' Forbearance By Lender Not a Waiver. Extension of the time for pity :part or
<br />modification of amortization of the sums secured b this Security Instrument
<br />Y 5 granted b} Lender to any successor m
<br />IfltereSt �!f Botrt>w•er chill not operate to reie-ase the liability of the original Borrower or Borrtlwer':5 successors .n Interest.
<br />Lends shall not by required In commence proceedings against any : ti CeSsor in Interest or refuse n :;X'ensi ome I-lr
<br />payment x 01herw•Ise modify amortization of the sums secured by tht 5e :ur sty Instrumenttoy reason of any demand made
<br />'tv the original Borrower or $orrnwer's successors in interest. kny forbearance. by Lender in exercising any right or remedy
<br />shall not Sea waiver of or preclude the exercise of any tight or remedy.
<br />i Successors and Assigns Bound: Joint � Several Laahilit} Co-signers. The covenants and agreements of
<br />,his Se ty Instrument shall bind and benent the successors and , pane tit Lender and Borrower. subject tome provisions
<br />Mf paragraph .1'• Borrower's covenants and agreements shall :be joint and serveral.:Anv Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- stgntng 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 personaliv 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 or make any accommodations with regard to the terms of this Security Instrument or the Mote without
<br />that Borrower'sconsent.
<br />12 Loan Charges. If the loan -secured by this Security Instrument IS suhtect to a law which setts maximum loan
<br />ra=ges 'an :har law is unary% interpreted so :hat tite interest or :,tfier loan ha-ges collected or to he collected in
<br />onncc inn with the loan eXC=0 the permitted limits. then: ta) any such toart charge shall he reduced by the amc
<br />necessa y o reduce the charge to the permitted limit; and (bt any sums already ollected from Borrower which exceeded
<br />permitted imrs 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 he treated as a
<br />7arnal prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration at appi,car!e laws has the effect of
<br />render-mg any pro%Ision oft he Note .)r this Security Instrument unenforceable ac:cordirm tc: it Lender, nde , u , outiion,
<br />may rcgtare immediate payment to "L'111 of all sums secured by this Security instrument and may :TooI.e ary remedies
<br />permitted by paragraph 1 a. If Lender exercises this option. Lender shall take, he steps specified !n Ito: arse rid r aragranh :?f
<br />paragraph i
<br />14 Notices An%notice to rn ,,w c* provided for in ;hisSecu. I .
<br />r ilia �nics. a n nt ti .ail ne ver by d trier it ,r -,s
<br />r ti:ab a s requires use Cd a i, r hit lie n rte
<br />F rip m
<br />-\J"17eS1 Or 31.,% other addr s. BorTower designates ov notice _n ice AnN itonot to 16nu e
<br />hest class snail to Lender's address stated her many otheradd,_ss Lend, designate, nv no r.. ., n. .,purr . ,.pier
<br />provide t,ir to this Security Instrument, shall he deemed to have been given rr; fin-
<br />in :tr I. Hoer w h _ reyidr
<br />:his pzrae aph
<br />3e : Governing law Severabilit}. This Secur!tt Instrum n , ,ail he nvernc f de al au h:
<br />aria a vhr n ie P-operty is located in the event :'teat am provision .r a se its � aw IT he
<br />Note nett wt r -tie
<br />t applicable awe Such conflict shatl not affect o her 7170% . ! lrs h.. sec } I•.si h. s rte
<br />u ni n :an he ,e . eff ct withoti, the :onflictine urn,. ision. To this
<br />'` <�, nG ill n Y" ns C. - his. 1 tit m.
<br />are d a ea -, he seve ahle.
<br />16 Borrowers Copy Bnr wer shy he .!yen one c trim : roeC car
<br />~ t anc
<br />1- Transfer of the Property or a Beneficial Interest in Borrowe if a r1 a _._:
<br />rat , OfC r
<br />an Sig d I,.'; i- d'1Crt 'nCiai interest In $Qr ^lwCr IS 5 fir nr trd,t �rG- eii �.1� t], r�•�N '
<br />t r, u h ,ur L nd Prior vcr .:c on ent, Lender may, at its ipuon - edu.re -rim rt n Y
<br />,c eL by tI Sr unto Instrument However, ;hie option shall not be exercised r ,....ia_•- �x, -.
<br />federal law as or t. I
<br />h Gat nt'this �rcur,ty nstrument.
<br />If L rider rx Isrsthis onnar.. Lender shall give Borrower notice of acceieraunr T tie 7. r .
<br />of rut less than G dais ,r-rm the date :he notice i, delivered or mailed w,thin wn;c : ^. $,,rr,,wrr -*:us nail ..t ,.m: s.. rd h_v
<br />,his Securttr instrument if Borrower :ails to pay these sums prior to the expiration of ,hl; err ;od, Lin ;a : ,;,,
<br />eme'tles permitted by *his Se ::urttY Instrument without further notice or demand on Bo ,passe
<br />18. $nrrower's Flight to Reinstate. If Borrower meets Certain
<br />ntercrm n; i,f the+, Sr urrr_, instrument discontinued at any time prior to the earlier 4 ia) s , d a,
<br />apphcahic w m_a sp it•: 'or reinstatement before sale dithe Propene pursuant to anc nowt ,i t:ai gape ;n�rhe.
<br />ur ., it mrr :f a udgment enforcing this Securiry in ,-
<br />der 5.-1 .,P
<br />at pays Lend. all rums whlcr. then wouid be due under this Security Instrument and
<br />occurred: I j :aces av dcfaul ,f any (!ther covenants or agreements: +c) pays all expenses incurrvC n rut ;x .:I rt
<br />Sccurtty instrument. including tut not limned to. reasonable attorneys' 'ref; and
<br />ae� u : ac �>
<br />r asonab4 r {al *r assure that :Ile lien of this Srcurny Instrument. Lender'r, rignts.in the P f,raerty n
<br />hose lint a, tie sums secured by this Sccu7ity Instrument . hall continue unchanged l ,
<br />f3tir ,wer =
<br />r Instrumem and then?hlicanons secured hcrehv ~hall mil^ faire eP ; --
<br />.LT
<br />•... urr.. . �ow�. ..: rho rigt!t torrins :atrshallnor apple m the case ,t ac,rterar, -m drip]_
<br />NoN -L; titer RM Co', ', E :nNTS Borrower and Lender further covenant and r tree as foliows
<br />M
<br />19. Acceleration: Remedies. Lender shall give ice to Borrower prior to acceleration fallowing Borrower's
<br />br4mCh of sav covert or agreement in !ham Security Instrument (beet not prior to acceleration under paragraphs 13 and I-
<br />iaw provides otherwise). The notice shag sPecify: (a) the default: (b) the action required to cure the
<br />W SAM. not Its than 30dsys from the dam' notice is given to Borrower. by which the default must he cured:
<br />and tdl iailum to cure the dcfmh tug tit• before the in the notice may result in acceleration „f chc• sums
<br />sacsmd by tors Security Iftstrument and stale of the Property. The notice shall further inform iorrnwer r,f th;• i ht t.
<br />reinstate
<br />after acceleration asd the right to bring a court action to assert the nod existence of a default Or an liner
<br />Of 10 aoce and sale. If the default is nett tarred on or before the slate specified in tilt: nntise. i- .lined;
<br />at its demand Diosy * rat paymmrt is full of ail swna secured fry this Security Instrument without Further
<br />and may invoke the power Of sale and any other remedies permitted by
<br />culect incurred is apyrl h 19, law. Lender shah he inut led t .
<br />Provided is this p 19, including, lids ns,: limited to,
<br />le attorneys' fees gird coats �titie evidence. '
<br />If the power of sale is invoked. Trustee shall record a notice of default in each count,, in a'fiwti an, art ,t the
<br />Property is located and shall mail copies of such notice in the manner prescribed hs applicanle l:aw Fic,r , and ir, hr
<br />Other persons prescribed by applicable law. After the time required by applicabi IoM, Truster shall cat+ riEi,iiir , iii, ,
<br />sale to the persons and in the manner prescribed by applicable law'. Trustee, without demand nn Barrr�,we'. ,hail sell hr•
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