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F-
<br />7'
<br />4$Wr(,*45- 00437Z' $ ' 008041
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<br />if the Property is abandoned by dorrowec, or if, after notice ^y Lender to Borrower that the condemnor offers to
<br />make aii award or settle a clams for damages, Borrower -.ails to res{vrrid to Lender within 30 days after the date the notice is
<br />given. Lender is authonzed to collect and apply the proceeds, at its :?;'..?n, er :her 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 />r
<br />Ipostpone
<br />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 Leader 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 onginai 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 of herwise modify amortization of the sums secured by this Sccurny Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any for hearance 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 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />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 <ecared 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. Wthe loan secured by this Security Instrurnc.nt rs subject to a law which sets maximum loan
<br />charges, and that lacy is hna:! Interpreted so that the interest or ,[he..r ;oan charges collected or to be collected in
<br />connection •.vith the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessan 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 principal. the reduction will be treated as a
<br />partial prepayment without any preray'Tn ent charge Linder 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 Nr,Te •tr this Securir, Instrument unenl:,rceah c coiling to its terms, Lender, at its option•
<br />may require immediate ravmeni :n -,it!' :, ,ii; Burns secured by this Securuc 'instrument and may invoke any remedies
<br />permitted by paragraph 10 1' Lender Txe:cises this option, Lender snail take the steps specified in the second paragraph of
<br />paragraph l'
<br />14. 'Notices. Aviv n ,.\.,\ , , 3:: rr suer provided For in this Sec; rr. ?n „r rnent shall he given by delivering it or by
<br />mailin , rys ::, , .:.. \,i . ..cs :, f i.cnhic :e•,c :c•quires use \, f :.,i.,.;: ,. h :.d. The notice shall be ci:recred to the
<br />Prope ,% .,dress Of any '. her addr ss li- ,r-nwer designates by notice :. ndcr Any n,an e to Lender shall be given by
<br />first class mail to :xnder's address ,•rated herein or any other address Lender designates b% notice to Borrower. Any notice
<br />provided foss :n h Se ur ;r l:rsirurnent ,hall be deemed to have been .wen ,, ficrrrwcr or Lender when riven as provided
<br />in this a rar h.
<br />15 ( ,-overninz l aw: scvernhility. This Serurit% In,tr rnem ..., , :•rrr,et' `\ `cderal law and the law of the
<br />wrudie;101; IT a ?\;cn the Pr , -cated in the dent That an: prr.cr, _eau -1 Thus Security instrument or the
<br />Note rPi::c urth app;ic::hie lave u, r. , onflict shall not :effect other pry v,si:,ns of this Security Instrument or the :Vote
<br />,chich :an ne ; 'c fect +ai;ow the ,\,. :flict;ne prr>vicit,n. hn this rmi ter. ni,ms „f this Security Instrument and the
<br />,. e \:•• . . ,..,; Instrument.
<br />fn, f;or wtr •: i pi. •. ,«... ., ,. ,, •,: ... 4;t.,., Sc. -t.'ay
<br />17. 1 \ :ansrer o,° i ,e Pruptr .t :a Beneficial Interest in llorrnu,r i ar the Property or any
<br />nterest ',n li,m :.: zc ....ct B rr :,w era not a natural
<br />Lender may. ar jZ1 1:'fl.'. . • .. , nc.icuc pay -mcr.t in Tull of all sums
<br />.
<br />our,,: he T...• s .... i,tsi.. :,,.a:.. ?1 Ise :rr. [his opUnn sha„ , he y. c ' ..,,:. xer ,c :s prohibited by
<br />federal law :: t his'±cr •, latrurnent.
<br />It! ±.c. ., i ” shad' F,.r \.:u •,
<br />er trtusr ay al sums,
<br />Of cK, !e .,,1t' . \i u, rrcu or ni..,i\,J e,..... s .. fl .r. ,,. p ccured by
<br />Ibis SecUT[T ., 1'av ,he•,e sums pries T ai ,.., a,s c•riod\ Lendt•r may unyoke any
<br />,cd ar.� ( :: f3crrovver
<br />18, Harrower*, Right to Reinstate. 1; 13-r-ower meeis cep ::ic ,, niir:, ns. Bmr,.cer ;hail have the right to ha-.c
<br />cnfor, _meat ; t -'. Sr. ;,.,. I. 1;s"!, nttnuc•d at any tame p ., r to •'•e c,�l;r iii Ia) 5 days for such mhcr period is
<br />at;pacah,e .r•: ,,� _. _ nt, before sale of the P•,�9erto nur�.uant tr, anvy pow ^r ,_,f sale 2onla[ned in this
<br />c h :rc :ng ,ms c ,nl: Tho_ c ;nnduwns are !bar Borrower
<br />la) pays 1 ^7 r ... uui, .e, u'.d ^c due un ler this Seuinty ?nsirumcni and The Note had no) acceleration
<br />occurred, Its, \ errs : :un other -c enanls or agrecmenrs, ict pays alt expenses incurred ,n enforcing this
<br />Security 1•:a1`r,rnes�. •n: ,.,, .,.. binned TO, rctsunahle att•xnevs h es and jd) takes ouch action as Lender may
<br />reascneni, uc;fe i,, as :, na: t ._ .U., of t)-I, Security instrument. 1 Ile, , rights in the P47ofertr and HorrOWer's
<br />obligat:nv a: , m ..,, a h,, This Src:rtty tn,tnamrnt •.hall .. )nnnue unchangec[: trfi)rrrr�itlstatemcnt'hy
<br />Borg we. ^::s 1-:,:- .,.c.,, ., .,. t:,, i i, ; n, , :.irr:J r .,,., `ud% ctfect:,e as if no acct [eraiion had
<br />cc,rred }i• ss _ ,. !prls •, the a Con ;::;der paragraphs , ,:r 7
<br />,,i()!`. }\: ,; � % ?`.1 l_ j ' :.,, �• . Bf1rTt;wer and Lender further covenant :ln,i agree a,, follows.
<br />19. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration fofluwing 1lorrovircr•s
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration.under.paragraphs 131rt
<br />unless applicable law provides otherwise). The notice shall specify: (a) the default, lb) the action required td 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 he cured:
<br />and (d) that failure to cure the defau €t our or before the date specified in the notice may result in acceleration of the sums
<br />secured by this Security instrument and sale of the Property. The notice shall further inform Borrower of the right to
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<br />reinstate after acceleration anti the right to bring a court action to assert the non - existence of a default or any other
<br />defense of Borrower 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 immediate payment in full of all sums secured by this Security Instrument without further
<br />to�p
<br />demand and may invoke the powt•r of sale and any other remedies permitted by applicable law. Lender shall he entitled to
<br />tl9
<br />collect ail expenses incurred In pursuing the remedies provided in this paragraph 14), including, but not limited to,
<br />reasonable attorneys' fees and c,nts of Title evidence
<br />If the w,wk r ref .,vier „ :a.uked, I ru%ree• shall record A satrre of dofault i,, r,icb minty ,n which ;Ilia p ;tri of the
<br />Property is located an(t ,16,0 rriai; ,i,pw ?i „f such notkc in the, manner presenh, -of h: iii,. t,. H-1 --- an11 io the,
<br />other p.:ru+. >ny pry- ,cr,n -1 — :Ippwah,i - law. 4ttc•r the time required he of { r :,hlr : ,,., tr;istec hali c ;', puhh! v,nea'e .,l
<br />cal,, i =, 1hr {'ice •,n• any; , r", a :aiir.vr pirrscrib ,-ti be AitpileDble ;;o. 1 .- ,!, - :.. a, N,,.at Ba ri s-vt on ii;,r,,,•. rr, .I:vail ,, , !h,
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