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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 />r 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. Anv 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 17. Borr -wen's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />instrument but does not execute the 'Vote: (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: tb) 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 Secunty Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges, if the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected to
<br />connection with the loan exceed :he 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 io Borrower. If a refund reduces prrnc: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 :tote or this Secunty Instrument unenforceable according to its terms. Lender, at :is option.
<br />may require immediate payment in full of all sums secured by this Secunry Instrument and may invoke anv remedies
<br />permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 1?.
<br />14. Notices. Any notice to Borrower provided for in this Security instrument shall he e ven by defrver!nt: it or b%
<br />mailing it by first class mail unless applicable law requires use of another method. The notice ,hall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender Anv nonce to Lender shall he given by
<br />first :lass mail to Lender's address stated herein or any other address Lender designates by notice to Borrower Any nonce
<br />provided for in this Secunty lisirument shall he deemed to have been given to Borrower ,, Lender when seven as provided
<br />in this paragraph
<br />15. Governing Law: Severability. This Security Instrument ,hall he eoverned by federal law and the :iw of the
<br />!urisd!cuon in which the Proper!: is located. In the event that any provision or ciausc :rt this Secunty Instrument ,r the
<br />Nate conflicts with applicable'.aw, such conflict shall not affect other rrovisions of this Secunty instrument or the Note
<br />which can he znen effect without the conflicting provision. To this enu the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower ,hall he given one conformed copy ^f the dote and :;f this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any pan of ^.c Propert•, or anv
<br />interest in it is sold or transferred !or if a heieficial interest in Borrower is wild or transferred and Borrower is nor a natural
<br />person i without Lender's prior written consent. Lender may, at its opnon, require immediate payment :n full c +f all sums
<br />secured by !its Security Instrument. However. this option shall n.,t he exercised nN Lcnder if exercise is �rnhihued by
<br />federal law as Vf ilie date of this Security Instrument.
<br />If Lender exercises this option. Lender shall gave Borrower notice of acceleration The notice =.hall pr +n ide a period
<br />of not less than 30 days frorn the ::ate the notice is delivered or mailed within w hick Borrower must pay all sums ,ecurrd by
<br />this Secunty Instrument, If Borrower fails to pay these sums prior to the expiration of this period. Lender may irnokc any
<br />remedies permitted by this Security Instrument without 1L•rther ncmce or demand on Borrower
<br />18. Borrower's Right to Reinstate. If Borrower meets cr_rtam :c,ndit:nns, Honower shall have the neht to hate
<br />enforcement of this Security instrument discontinued at :in% time prior to a) ` days for such ether pen +,o is
<br />applicable law may specify for reinstatement) hefore sale of the P-;•perty pursuant to any power of sale contained in this
<br />Security Instrument. or Ihr entry of a judgment enfor :toe this Sc :untti L- :strumeni Those :onditions are that B�rrc,wer
<br />(a) pays Lender ail ,urns which then would he out under :his Secunty instrument and the Note had no acceleration
<br />occurred; !b) cures any default of any nther agrrenient`. :r pays ail expenses incurred in enforcing :hi,
<br />Security Instrument.:ncluding, out nut limited to, reasonable attorneys firs: And !d? takes ,itch action as Lcnder .r.a,
<br />reasonably require to assure trial the hen of this `e ntity instrument, i_rr,ucr'. fit his in the Property and Horrf,v%r',
<br />obiigation iii pay the sums secured by !his Sec:irir� lnslrurient -ha!I _ :,r iron: unchanged C_'; rri revistatcnent
<br />BOrrOwer, this Jecunty Instrument and 't tie t rliguuon,.ec ur ra .e;r+y ..+tai; r.:n., ,;i!.:- Ic.::yr
<br />c,ecurred. Hiiwryer. this right to reinstate shall not apply in,, the:asc It accc!eratwn ..ndc•r ;,aragrap-h, !. or
<br />."°NON -U N1FORM COVENANTS Borrower and 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 ibut not prior to acceleration under paragraphs 13 and 1?
<br />unless applicable law provides otherwise). The notice shall specify: (at the default: ib) the action required to cure the
<br />default; fet a date, not less than 31) [lays 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 %urns
<br />secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to ~+
<br />reinstate after acceleration and the right to bring a court action to assert the nun - 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 Sriurity Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lcnder %ha1J he entitled to W+
<br />collect all expenses incurred in pursuing, the remedies provided in this paragraph 19, including, but not limited !o,
<br />reasonable attorney+' fees and costs of title evidence.
<br />If the power of sale is invoked, Trustee %hall record a notice of default fir each cotoet% in -hich :in% part of the
<br />Properly is located and shall mail copies of %uch notice in the manner prr%iribe•d by .ippliicabie law t +, Hor,r,wer .u:d to ncc
<br />'ether perwans prewrtlwd by applicable law, .After the time retyut(ed by :ippiit-abic law, T ntstec shall Vl%,. puhira ..,tj,.� I
<br />%ale tar the persons :arid in the marine, pre%atilted ht applicable laa 1 ru%rrc. —(f. ,fit da•ne;a id ^n hit! .,I! ihi j
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