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Asa: V
<br />1# -lie Proper?"' is aba" "'ned bY &-irr"wer. or 00,3r)30
<br />If after no,
<br />M"kz! �in dWard or _-ttlea♦laim ;*,, - - - mower Ice by Lender Borro,%ver :hat the conid -
<br />. � iiamaizf*s, Borrc fails ' � emnor off-:rs to
<br />to respond to Lender within -ZiD
<br />�Zllen. 1-crid-er is auth(, da),s after the caie ?he rj(�jjc� is
<br />rized to c011ect and apply the - I
<br />pr(-vz, I
<br />eeds, at its option. either *o resterat,-)n (.,,r repair of the Property or
<br />to the sums secured by this Security Instrument, whether or
<br />not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application
<br />Of Proceeds to principal shall not extend or
<br />Post N-ne the due dare of the monthlyPaYments referred to
<br />in paragraphs I and '. 2 or change the amount of such payments.
<br />10. Borrower 'Not Released, Forbearance By Lender Not Waiver.
<br />a Extension of the time for payment or
<br />M(id:fIcai'OP, of amOrTizarion of the sums secured by this Security Instrument
<br />Interest ' *
<br />granted by Lender to any
<br />i"f FlOrTO'liker shall clot c1perate to release the liability of the original Borrower . -successor in
<br />Lender shall tnt Borrower's
<br />11,01 or successor, in interest"
<br />required 10 commence proceedings against any successor in interest or refuse ZO cmen d tinie for
<br />I"a , 'Tnenf ` 'Ihtr"V1sc modify amortization of the sums secured
<br />"v the onginal by,
<br />this security Instrument by reason of any demand made
<br />1301'rower or Borrower's successors in interest. Any forbearance
<br />shall tint 'le a waiver of e by Lender in
<br />or preclude the exercise exercisin anyrzhtorremedy
<br />Ise of any right or remedy, -9 -
<br />Successors and Assigns Bound:
<br />Joint and Several Li2bility, co-signers. The Covenants and agreements of
<br />this Se uFz!- instrument shall hind and benefit the successors andassipti.s i
<br />of
<br />of
<br />paragraph 17 Borrower's covenants and L �n
<br />elider and Borrower, sut�jecr , the provisions
<br />Instrument agreements shall be and several. Any Borrower who co -signs
<br />ument bu. does not execute the Note: h)SS'ecurity
<br />gns
<br />(a) is co-signing this Security instrument only to mortgage, grant and con%.e-
<br />that Borrower's interest in the Property under the terms of this Security
<br />Instrument: (b) is not pe-sogally obligated to pav
<br />Instrument: and (c) agrees that Lender and any
<br />modify. forbear 'Make
<br />nor other Borrower may agr to extend'.
<br />ar' accommodations with regard to the terms of this In v ee
<br />that Borrower's Consent is Security Instrument
<br />or the Note Without
<br />1-2. Loan 'Charges. If The loan secured by this Security Instrument
<br />,:harges. law :s *7 1 �i - is sulh-lec, to a law which sets maximum loan
<br />: I T' j';'� nterpreted ,0 that the imere'st or )[her Joan
<br />connection
<br />the ;k)an he Perm cbarges collected or be �cnljected in
<br />,led jim; , ts, then; (a) any such loan charge shall be reduced I'll
<br />necessary to re( v !he amount
<br />he the permitted limit:
<br />and (b) any sums already collected from Borrower w'
<br />permitted 11MITS 'Alli be refunded to liorrower. Lender may which exceeded
<br />under choose to
<br />- make this refund by reducing the pnricirtai owed
<br />the Nereor by making a dire.,:t payment to Borrower. If a refund reduces
<br />partial prepayment
<br />principal, the reductic)n will be treated as a
<br />ent Without an PrcPavment ciiarge under the Note.
<br />13. Legislation Affecting Lender's
<br />Rights. If enactment or expiration
<br />rendennz anv provision laws has the effect of
<br />may f "!e 0', re )r SecuritN Instrument unenforceable
<br />accord
<br />require immediate :n Ing lo Its ierms, Lender. at !is option.
<br />Permitted by paragraph Iq 1,-T_C, sums secured by this Security Instrument and -ntioise
<br />may ariv
<br />paragraph Xe'-clses I, hi-s option. Lender shall take . the steps spe remedies
<br />cified in the
<br />sec,-:rid, paragraph of
<br />14. Notices. An�,
<br />m a, I i, r?"Acr Provided for in this Secur, a he -]��en I-,,
<br />aw
<br />N
<br />Pre-%, use of anritnt.,
<br />fi designates ates by
<br />notice To Lrst class mad r "
<br />L e c e-
<br />ne 1"en V dr� aes s s I at ed herei n o r an v0t her add ress L en der designates B ,ce , r I m 'his Securely InStrUmeni tl�e
<br />shall he deemed to have been
<br />--irap, ph n -given v- Borrower Leride?'Wt=elll
<br />0
<br />1:i %,-n as pro%lded
<br />1-9. G'()verning Law: Severabifity. This Security
<br />g,
<br />Md
<br />Instrument shall be 'governed h� federal lj-�k Inci e �av% of the
<br />e :s iocaled. In the event that any
<br />Provision or '_laL'S_ :-'f hIS Se,Url".
<br />avP"able 'aW. �,uch conflict nslFument r the
<br />hiLl-, 'ct 901 affect other
<br />call "V zl- en. effect wl. cq' ?lies hour ht
<br />3r e Pte ,te
<br />qnflictng prov,-sion. To this end ther)rcl- "sions A'tr,!" se,�:Urit%
<br />a rej
<br />Brrr;)wt, r 's Copy. Bo�,-,Aer shall )- 2iven one conformed he Noft tn;s S
<br />Transfer of the Proptri-Y or a Beneficial Interest in Borrow
<br />per"c�n i ou, Intl n Borro%er is sc lc )r
<br />Ht
<br />prior ii%r,!tn czonsent. Lender may, at 1 7 U T j:
<br />secured by his Svc,,mi% Is rt!que ly "Ie 1
<br />this option
<br />federal law a shall MM, be tfxerc�std in"
<br />s of?he dare Of this Security Instrument.
<br />If Lender -_.xer,_,jses this < 'plmn, 'Lender shall give Borrower notice ofacc-Jeratwn
<br />of-nor less rnan 11,_> da% S from the dale she notice is cc fivered r.7! i, �o
<br />A
<br />this Securit., pt,,-
<br />or maned -,kithin whicii Bf,,r,;)1ACr
<br />If Borrower fails to pay these sums
<br />prior to the expiration o
<br />remedies Permitted by In's per;od, �Yi%oke aw"
<br />his Se,:urlt, instrument w'ltll()ut further notice cir demand in B(jrr(�we_
<br />18. Borrower's Right to Reinstate.
<br />if Borrower meets certain con Jirwn,,. B��rrowty- si
<br />Securip. InstrUrnen,' disco
<br />. ntinued at anv time
<br />apphcab;,� iaA ,pecify , prior to the earlier of: 1a)
<br />rc!nstaterrient) before sale o' js
<br />Secur'll f the Property
<br />pursuant to any Pilmer in this
<br />jr il-,i �t :uklgmeni enforcing !his Secuijj�
<br />fa) rays Lendt-r ad iums whic ln,�trurnep, Those :njj:tj
<br />h
<br />'d
<br />luld he due under this Security Instrument
<br />occurred 'hi cures dfl_� detaul, n !e
<br />ot arty Other covenants he
<br />or agreements: fc) Pj%s all expenses ;TICU, M101, 111,; hj,
<br />secur!t\, Instrument. mcluding, nu" limited lo. reasonable att(,rnc),s'
<br />,eas4)rw.1j;:. rr..Llulre !ees. and id) I,,,
<br />o K Ul d
<br />*n f Is Security Instrument' Lerlder",
<br />�bltsxticn
<br />e,- rights m th P.
<br />ured -hi, Secu!jj� Inst
<br />-hr, rument shall
<br />continue ird
<br />rit 1' 6-
<br />12W1011, '-eLUred herth� ,had rernam rUil,
<br />1
<br />reint!,aTe char ncr lr)pl\ Irl. , cjs v.'celcratlon under
<br />he e ()t
<br />i%1,r_'07_1'h,
<br />CO , E' ANTS Borrower and Lender further
<br />covenant and agree as foflo%
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower
<br />breach
<br />prior to acceletatitjn f0110winii, HorrmAtIr's
<br />of any covenant or agreement in this Security Instrument (but not prior to
<br />unless applicable
<br />Acceleration under paragraphs 13 and 17
<br />law provides otherwise). The notice shall specify: th
<br />default; (c) a date, not less e default; (b) the
<br />than 30 days from the date the notice is action required its cure the
<br />and (d) that failure to cure the default S given to Borrower, by which the default
<br />on or before the dates must be cured:
<br />Secured by this Security Instrument and sale of the Property. 7 ified in the notice may result in acceleralmn it' the "terns L
<br />reinstate after 'be notice shall furthor
<br />!tall
<br />acceleration and the right to bring a court actio infra in Borrm4er �)t thi, rwhr
<br />defense
<br />a to assert non-existence (if ;j defauji
<br />of Borrower to acceleration and sWe. If the default is not cured on or before the date
<br />at its Option may require immediate
<br />specified in 'he n-iflct%
<br />payment in full of all sums secured by this Securit% Instrument %11h4,mr lurt"It'r
<br />demand and may invoke the power of sale
<br />and any other remedies permitted by applicable law. Lender shu!] ht: cnnflcd
<br />collect all expenses incurred in pursuing the remedies
<br />provided in this paragraph 19, including, but 14q jirruttd
<br />reasonable attorneys, fees and costs of title evidence.
<br />If the pf,*er r)f sale is invoked, Trustee
<br />shall record a notice of default in each count in vojpt.fj
<br />Property is 11wated And shall '"ail copies of such
<br />notice in the manner prescribed by applio-ahie )ao ff
<br />other persons pre�wrlhrd by Applicable law- After the time required li�
<br />-he
<br />sale 11ii the ;Wrv)ns and m Applicable lami. frustev 01ad,
<br />rnaHner Prescribed by applicable Jan. 'Trustee. 14ah4ml dun! .and
<br />
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