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<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 Instrumen-t, 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 I 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 />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 the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in
<br />interest. Any forbearance 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 successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 171. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs
<br />Instrument but does not execute the Note: (a) i -signing this Security I igns this Security
<br />is co 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) 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 Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If, the loan secured bv this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so t'
<br />hat the interest or other 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 (b) 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 reduces princ!pal, 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 unenforceable according to its is terms, Lender, at its option,
<br />may require immediate payment U
<br />in full of all sums secured by this Security Instrument and may invoke any remedies
<br />Permitted by paragraph 19. If Lender exercises this Option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14, Notices. Any notice to Borrower provided for in this Security instrument shall
<br />nulling it, by qrst 11 he given by delivering it or by
<br />mail .!ass mail unless applicable law requires use of another method. method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or anv other address Lender designates by notice to Borrower Anv notice'
<br />Provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as -
<br />in this paragraph. provided
<br />15. Governing Law: Severability. This Security Instrument shall he goNerned by federal la,.4 and the law of the
<br />3urisdic'non uli mhlch the Property is located. In the event that any
<br />. Provision or clause (.)f this Security Instrument or the
<br />' N',e conflicts 1111 applicable law- . such conflict shall not affect other provisions of this Security Instrument or the Note
<br />-khich. can be given effect without the conflicting provision. To this end the prov!siors of tfl;s Security Instrument alloj the
<br />Nore are declared to he severable.
<br />16. Borrower's Copy. Borrower shall be given ()tie cont,ormed :op% Note antj M This SeCUI`-H.
<br />;nterc°sr in it is said 17. Transfer of the Property or a Beneficial Interest in Borrower. I`f piil or any part of the lln
<br />person) ulthout "r transferred (Or if beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />Lender's prior written consent, Lender may, at its ,)ptloll, require mirnedlate payment I
<br />-)n shall not be exercised h% Lender if exercise ;s prohit)iiec�, I)%
<br />I-1ccured hv this Security Instrument. However, this opti( it, fill of ' urns
<br />federal law as of the date of this Security Instrument,
<br />If Lender exercises this option. Lender shall
<br />give Borrower notice ofa
<br />laded within norro er must pay all sums secured by
<br />of not less than 10 days from the date the notice is delivered or ii acceleration- The M(Alce shall provide a period
<br />this Security Instrument. fl' Borrower fails 10 Pav these sums KIM' to rile expirai�on of this Lender may invoke any
<br />remedies permilled by this Security liis,rarnerit without further notice or demand on Borrower.
<br />18. Borrower*% Right to Reinstate. If Borrower meets certain c:onkfinons, Borrower shall have the right
<br />enforcernen, (�frhjs S"urll, Instrument d ght to Ila,.
<br />applicable iav% may spm:,,f�, - f ls�onnnued at art% time prior io the earlier �)f� tai ' days (or such Other period is
<br />or rt"111,zateryient) before sale of the Propert� pursuant to any power of sale contained in this
<br />cunl� Jud-vi-rient enforcing this Security '111SIrUfflellf- Those condition that Borrower
<br />(a) Lentler ail *,ums which ?,hen would he due tinder ih;% Security I,,1qrUrne_ is are
<br />occurred: (hp ',11Tes MlY default (if aiiv other covenants or agre it and the Note hati no jceration
<br />ernellt� (c) pays all expenses incurred in erifor,,:Ing ih,
<br />Security Instri-inient. including, Nit not limited to. reasonable attorne�'%' tees: ces, and (a) takes such action is I_erlder
<br />!(i assure that tile lien of this Security Inq runient, I t. rider's, nghtg in the trope"d' and Bono %% ei
<br />t)llgatl(in t(' ' a%, rile surns secured by this Security instrument shall .1,01"llnue Unchall%ii
<br />at
<br />ThW, Sr n:urt!% Instruirient and the Obligations -,e,,ured htre, ,had re,71,11111 tull).
<br />occurred, HoAeV(fr, this right to rein,,tateshall not apply in the case:
<br />COVENANis Borrower and Lender further covenant a i d agree as f0l1 oW%r
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acce-eration following Bornower's
<br />briesich of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 17
<br />041le" applicable law provides otherwise). 'Jim notice shall specify: (a) the default, (b) the action required to cure the
<br />Wault (c) a date, not les,11 than 30 days from the date the notice is given to Borrower, by which the default must
<br />and (d) that failure to cure the default on of be he cured;
<br />fore the date specified in the notice may result in acceleration of the ,it in %
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />1`6111111124,* aloter acceleration and the right to bring a court action to assert the non-existence of a default or any other
<br />4#14MO
<br />of 99mwelf to acceleration and *#W. If the default is not cured on or before the dates in the notice, Lendel
<br />at its Option may require imnwdist@ pmyme
<br />'M in full Of all sums secured by this Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law, Lender shall he v"filled to
<br />colte" A" OlPeiiiMm ineurred In pursuing the remedies provided in this paragraph 19, including, but "(), lirrilled 1,1,
<br />ressreashtt atto"tcy,* It" and coots of title evidence,
<br />if tht Power Of *111V is invoked, Tru%ter shall record a moire it, each rounr% in Ahich aIjs IjArt ,jt thr
<br />Pro swrlv is I'Miatorif And shall M;All VnPle' (?f such notice In the manner pre8cribed by 31111ho'�4111C 1AW li�
<br />-41111V law, After the time required t)% jrjpl1('Ah1fr l40, I �,t%ter Shall yIlt0ii i1,ifwv
<br />�Vth#r parrums PrV,,W.?Pt*d ho, applic 1;) fh,
<br />*4)0' 1" the iWF%1 -#n% acrd in the Manner pre m-rib ed hi, 4"Jocable 140
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