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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 Instrument, 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 1 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 interest. Any forbearance by Lender in exercising any right or remedy
<br />shaii not be a waiver of or preclude the exercise of any right or remedy.
<br />P 11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Se urity Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />l of paragraph I7. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />l Instrument but does not execute the Note: (a) is co- signing 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 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 />11. Loan Charges. K the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charge,, and that law is finally interpreted so that 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 shalt be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and fb) 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 principal. 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 oft he Note or !it s Security Instrument unenforceable according to its terms. Lender. a[ its option.
<br />may require immediate payment to 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. Ary notice to Borrower provided for in this Securir: Instrument shall he given by delivering it or by
<br />mailing it by ,•first :;ass mail unless applicable law requires use of arottier method. The notice shall be directed to the
<br />Proper, 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 any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or [ender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security instrument shall he governed by federal law and the law of the
<br />Jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable Iaw, such conflict shaii not affect ether provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the previsions of this Security Instrument and the
<br />;dote are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be gtsen one conformed - -n% .0 the Note and of this Serunty Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all nr any part of the Property or any
<br />interest in it ;s sold or transferred f,)-. if a heneficiai interest in Borrower t, sold or transferred and Borrower is not a natural
<br />person) wahout Lender's pnor written c:onsent, Lender may, at its option. require immediate paymeni in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise ;s prohibited b%
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall gne Borrower nonce of acceleration. The nonce shall provide a period
<br />of not less than 10 days from the da[c the notice is delivered or mailed within which Borrower must pay all sum% secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may smoke any
<br />remedies permitted by 'his Security Instrument without further notice or demar, i on Borrower.
<br />IS. Borrower's Right to Reinstate. If Borrower meets certain condmi cis, Borrower shall hate the right to have
<br />enforcement of tins Security Instrument discontinued at any time prior io the earlier of ia) ` days (or such other period a,
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contacted in this
<br />Security instrument: or (bi entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower
<br />fa) pays Lender all sums which then would be due under this Security Instrument and the dote had no acceleranon
<br />occurred; fib) cures any default of any other covenants or agreements; (cr pays all expenses incurred ci enforcing thn
<br />Security Instrument. including. but not limited to. reasonable attorneys' fees. and (d) takes such action as Lender r i.%
<br />reasonabiy require to in assure chat the lien of this Security Instrument, Lender's rights in the Property and Borrower',
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement hs
<br />Borrower. this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceler anon ha,,
<br />{occurred Howe %ei, this right to reinstate, shall not apply in the .axe of acceleration under paragraphY'? or I-1
<br />Nora- UNIFORM COVENANTS Borrower ar,-J Lender further covenant and agree as follows:
<br />19, Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security instrument (but not prior to acceleration under paragraphs 13 and 17
<br />wakss applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured;
<br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sum%
<br />L secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reiaatate after acceleration and the right to bring a court action to assert the non - existence of a default or any other
<br />defense of Harrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender
<br />at its option may require item" late payment in full of all sues 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 be entalyd to
<br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to.
<br />reasonable attorneys' fries and costs of title evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each rounty in which -any part of the
<br />Property is located and shall mail copier of such notice in the manner prescribed by applicable iaw to liorro%rr and to the
<br />!ether persons preuwribed by applicable law, After the time required by applicable law, Trii %tee %hail girt ;iublie nl-nir , (
<br />sale to the person+ and in the manner prescribed by applicable law. Iru%lee, %ithout demand in Itornrarr..hall ,rl! th,
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