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<br />��-- 00499'
<br />If the i'roperty is aban'.Iooed b: I1, •r r,nscl. al, If: after notice by Lender to In. lower IhaI the condemnor offers to
<br />r(akr all ,%vial d of settle a aaun !or
<br />,1,111,1: , .. IS „l; •,11cr falls to responJ to I emler within 30 days after the date the notice is
<br />given, Lender i5 authorized
<br />to toile:: I anti app1;. f he proceeds, at us npelon, ei(tier to restoration or repair oft he Property or
<br />to the sums secured by till s Security IIksil untellt. whether or not then due.
<br />Unless Lender and Borrower ofl lerw ise agree
<br />ni writing, any appiicauon of proceeds to principal shall not extend or
<br />Postpone the due Jae of the monthly payments referred to in paragraphs 1 and 2
<br />or change the amount of such payments.
<br />10. Borrower Not Releascd; Forbearance By Lender Not a Waiver. Extension of the for
<br />time payment or
<br />modification r•f amorn. mion of !hr surds secured by this Security Instrument granted by Lender to any successor in
<br />Interest of Borrower
<br />shall 1r0! operate to relrasr the liability of the ongulal i3nrrower or Borrower's successors m interest.
<br />Lender shall not I)r reyulad ;o
<br />comnlence prcecedings against ally Suec.:ssor at interest or refuse to extend time for
<br />ravrnent or oth -,•1 '.t'i;e modift, auoll'"Llon of the sums secured by this Sr, Instrument
<br />w it 1 by reason of any demand made
<br />by the vneulal Lit,lr„'.%ei or Borrow'er's successors
<br />m interest. Any furt•_r, :r,•: by Lender in exercising any right or remedy
<br />shall not he :1'aaivcrof',)f pre: 1h) de the exerciseoftuty right orrcnu
<br />-d`,.
<br />I1. Sm ciSSors and %ssigns Ronnd: Joint and Sever:,; t iahility; I'. ::nn/trs. The covenants and agreements of
<br />this Securlt•, 1,
<br />;- :rt :rl,cnt silall hind and benefit the Successors awl -',sign, of L.cr.der and Borrower, subject to the provisions
<br />of paragraph 17 Ilorrwatcr's
<br />covenants and agreements s11311 be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Notc (a) is
<br />co- signing this Security Instrument only to mortgage, gran[ and convey
<br />that Borrower's interest In the Property under the terms of this Sect,, ity inslrurnent;
<br />(b) is not personally obligated to pay
<br />the sums secured by this Sccurin histrwriertc and (c) agrees that Lender
<br />znd any other Borrower may agree to extend.
<br />modify, forhear or make arty acromrtlodatinns with regard to the terms
<br />of this Security Instrument or the !dote without
<br />that Borrower's con,ent
<br />12. Lean f'harres. If ,he It••!n soured by tins Security [ns1r. •n,•nl I'; tuhiect to a law which sets maximum loan
<br />.barges, and ,hat lase .. •;,•rl;v
<br />;,;f._,i,r,•ICd ,o III:![ the interest or ihr•r loan charges collected or to be collected in
<br />connection with the loan e`c : -;•,! the verinitfcd lunns, then:
<br />la) any such loan charge shall be reduced by the amount
<br />necessary to reduce :he cha: _e to the prrmlrtcd limit, and (h) any surns
<br />already collected from Borrower which exceeded
<br />permitted hmts will he reft)nded to lint-rower. Lender may choose to make this
<br />refund by reducing the principal owed
<br />under the Note or by making a Lilted payment to Borrower. II'a refund
<br />reduces principal, the reduction will be treated as a
<br />partial prepayment without any preravmcnt charge under the Note.
<br />13. Legislation AtTectinG Lender'' ]tights. If enactment or expiration of applicable laws has
<br />the effect of
<br />rendering any provtsu)n ,I die ` oi,, ,,r Ihr. Sect,rlrc instrument unenforcetlife according to Its terms, Lender, at its
<br />mac require
<br />option,
<br />Immediate pavmrnl •n ',III .v' all sums secured by Ill's Security Instrument and may invoke any remedies
<br />permitted by paragraph !Q L ! 'f
<br />_rid , xcr• !,c, this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph I'.
<br />14. Nnticrs, : \tic n,rl, e u` H „rr'xkcr rnnlderl f„ Sec ve
<br />mailing it bs yr.r ,!a,. I `I,• law trw
<br />ri'll,', rrluocsl of alrwll :; n11.11 hod. The notice shabvbeedir
<br />c' edlttorlhe
<br />Proper lv add re ,.s )r -lilt 11.1 ,, + Ui. if,), Iother le. IgIlale, I)!; llollcr 1.dndcr.
<br />Any notice to Lender shall be given by
<br />first tl 1 %,11.111 to I. t ndcl , Id.Irc,. ,fated herein or any other address Lt
<br />nder dcsignaes fly notice to Borrower. Any notice
<br />pro%ldcd for u) till, Sccurily l:l,irulnrnt "'all he deemed to have been prle'n to Borrower Lender
<br />In this raraeraph or when given as provided
<br />19• (;ov'rrnintt I aw :' tvverabilitN. TIII, Sr :urity Instrunlertt ,hall be governed by federal law and the law of the
<br />)tin >�lctinn In Much Ihr pmpcn; is loc.uetl. In
<br />the es'rnl that any prov„ton or clause of this Security Instrument or the
<br />Note conflicts with applicable law', such conflict ,hall not
<br />,Iffecl other provisions of this Security instrument or the Note
<br />Notch can he efTect without the crnfl'cung prnvlslnn. To this end the provisions of this Security
<br />Note are declared in hr ,ry• ra Instrument and the
<br />rvd
<br />16. rr :ln%wrr'. Cony. rig re,uer ,h t,i F, ,assn one tnnG•ru red , spy 111 the Notc and of this Security' instrument.
<br />t7, transfer „; th•• property err , !tennc�fa) Interest in Borrower.
<br />if all or any part of the Property or any
<br />Interest In It I, .r .,1 ,f If'In,'; •; ;'�' • If b.Il, "., I,d Itllel't'SI I!1 B.1f I +)w,� -
<br />I IN or trzimlerrrd and Borrower
<br />is rim a natural
<br />person) ,Ilr!tr,Ul LerlJt•r , pr,.,r tlfl,lr•11 t r'll,rlll. Le der Ill:.y, :It Its option, require Immediate payment In full of all sums
<br />secured by lhls
<br />thedats f trun)ru' However. tilts option Shall not be eyerc'Ised by Lender if exercise Is prohibited by
<br />fcdrrallasvasnlihcdate ftlmcccurltvinstrurncnt.
<br />If Lender eyer':ises [Ills option. Lcntlel ,hall gr-t: BorroNCr notice of :1CCCI1•ftllloo. '[-tic notice shall provide a period
<br />of not less than 3;) days fro„ 1 the d.ttc
<br />the• notice Is delivrreu or mailed within w filch Borrower must pay all sums secured by
<br />Securely in >lrrtnent if Borrower :alts
<br />to pay these Surds prior to the e.xplrauon of this period, Lender may Invoke any
<br />re
<br />remedies pernultcd hr tills Secunty Instrument wuhout further notice demand
<br />or tin Borrower.
<br />18. Borrower's Right i) Reinstate. If Borrower Incels certain conditions, Borrower
<br />shall have the right to have
<br />erifort•ement of lilt, Sccur:f, I:,,trunu'nf distonnnued at any dole prior to the earlier ill'. (a) 5 day's (or such other
<br />i,ns
<br />`ppilca',ie period as
<br />ma•. ,pert;: I „r r, nl.I tit men; f before ,ale of the I'n,l +erly pursuant to an pow' of sale COrllalned In Ih15
<br />rcurir. Imuun),;•It..`r !!`, ",';r.. •I Y p
<br />I nl,lelnrnl rnGlrcur Ihr. •;
<br />t ur.ty hi,trurnrni. Those conditions are that Borrower
<br />pays Lr'It, •'I .Init• wl•,. it ;Ihr” u,vld he due
<br />under till, lcturily illstrumcm and Ills Note had no accelerallon
<br />Oc
<br />uccurr•_:I. rt,l cur,. ,1;;, .f.l.,',III r o, ,Thor ;o.t'r,
<br />:till; or aeltcn,tnL.. ;tl pays all expenses incurred m enlnrclne this
<br />Secur,ll I Il liill.Il;'!: !sll Ihr`! 11I:II11'd lsoll :tl)le allorrlels
<br />iI :glnr';11,
<br />fee,, ;tld (d) I:lke, shill action -1,5 Lender nia:
<br />fC :l \rina bit I _'t1111re It) .1, %!!e I!:.l! ;ill' II_n,. •I II I, \rl. ll: ll. fill[ l ll l}IC111, I tinder', r:_chls In the Property and Borro
<br />„bflga111'n r
<br />'Ile
<br />i',i'. \ter )
<br />•n,,„ ,••rI11'd 111 this \et w1Iy III,IIll111, :III ♦11.111 "Illlnlle unchanged, I:ptlll relosl:lleolenl h1
<br />lJorrovocf. !I'.I♦ \,• III';'. (
<br />"'i :llllicv:.:lld tt;c ' tilic'moll,'ector�l I!
<br />cccutled Ifl •,,rt, :; l III, Iwo: ,,, 111 Ihr 't•r(`,1" "'''1.11lr,lllll1111IN ac,:cler :Vinci glad
<br />:ll c rill
<br />..: I„ jt
<br />paFcl tit 17
<br />Ni r, l,'•. Ir i,p • t 1', •1 f • :.v'�! < Borro,vcl an,l l e1141121' (umbel roven.ut and ae_ree as follows:
<br />19. 1ctt•Icr',finn; ;!• n,�l)i, s, t coder :h;ill give notice u) Ilorrvrerr prior to acceleration following Iorrower's
<br />breach Of 3nc covenant -
<br />rir „!r*'. went In this Security instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless appliicahlc 1:1�v pr•,)iti,'s r•Thvrw'ise). The notice
<br />shall specify: ial the default: Ili) the action required to cure the
<br />default: e) a dava ,tot I. , +h ,n `,I din's from the date the notice is to Borr,
<br />give,, ower, fly which the default must be cured;
<br />and td) that f;utore to core the defnmil o” or hrfure Ihr dale speritied in the notice may result in acceleration
<br />of the sums
<br />secured by this Fernriiv Instrwnrnt and sale of the Property. the notice shall further inform Borrower of the right to
<br />reinstate after acrrler',tirro
<br />:rend Ihr fight h) bring a court action to riser: the norl- existence of a default or any other
<br />L defense "f TlortoMrr tit accelrrnhml
<br />and sale. If the default is not cured on nr 1)ef ire the date specified in the notice, Lender
<br />at its Option may require immediate in
<br />payment full of all sums secured by this Security Instrument without further
<br />demand and may invoke rite
<br />~
<br />power of safe and any other remedies law, Lender shall be entitled to
<br />Collect 311 rapense{ incurred in
<br />pursuing the remedies provided in aragrapha19,
<br />P paragraph 19, including, but not limilyd N),
<br />.
<br />reasnnabte annrneys' fEC'i and fb {tx of title ccidence.
<br />if Ihr poem n) ,aft 1, u,.nf••ri. Truster aholl rerr,nl a noticv of I. -fmilf In each county In which any part of tire
<br />l'rnpn't. n Ior.,ird and Ill
<br />..
<br />III n,:n) r „t >Irs of such "()rice it, the manner pti,wrib, it 61 ipphcable law Ill Horrn,rrr and t” lire
<br />,oher prrs()n, pro,,, ,,I I., applicable h/w. %fter the f,nte required by apphr:•blr
<br />!:Iw, it,, Icf shall cl,v puhllc notive elf
<br />%ale tit the persr.lis .o'd Ill 0,,- mllinel ptrs('Ilbud 111 .11,11llc abl,: la. tln,lt , Ilh,.,,I
<br />r', ,tt'r,1 :,1111 „n Bolr,r,lrr, shill still the
<br />I
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