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85-005199
<br />I f the Pmperty Is aban,!rnrd h:: Lt., c :,wet, or u; after nonce by Lender to Borrower that the condemnor offers to
<br />make a =, award or'ettle a J! rzn i,,1 ,;mn t:: iwv r „y•v faik to respond to Lender within ) days after the date the notice is
<br />get ea. Lender is iuihori::ed to coif :.! :i,i .11•I ;” III" ^r :tceods, at its option. either ai restoration or repair of the Property or
<br />to the suers secured b% this Sec'ann Lutt unier•t, her or not then due.
<br />r
<br />Unless Lender and Borrower oij :crutsc eLi r in writing, any apphcauon of proceeds to principal shall not extend or
<br />f postpone the due date of cite month +i. ;, ,., mutts r_ferred to in paragraphs 1 and ? or change the amount of such payments.
<br />lt), Borrower Not Relca;cd; I-orbearnnce By Lender Not a Waiver. Extension of the time for payment or
<br />modification of aniortitet;on , -•f tier :.rims secured by this Security Instrument granted by Lender to any successor in
<br />Interest of Borrower shall not opertte to re!••ase the !lability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to ct :rrimence Proceedings against aCy uiccessor in interest or refuse to extend time for
<br />payment or othrwlse modlf'. ao.:or,L:ate,n ,tf the suns secured by this uy Instrument by reason of any demand made
<br />by the origlna! B,•r. o,scr or 1 ?orruts cc's successors in interest. Any !�!r.,- :: by Lender tit exercising any right or remedy
<br />Shall not he a wa:Nel JT ,, r i i i,:1ul;e thee.., cisc of ;ens right or rcTII cd .
<br />11. C,rrcrssors and %.signs Moin<l; .Joint and Sever:,i I c,Imlit) . ' ,:)m(rs. The covenants and agreements of
<br />this �;ec•Ir.f•. !t ::.!, .mznt -lia! ' wd a,,d hem:itt Olt- Success< I :n, { •nr -f l.cnider and Borrower. subject to the provisions
<br />of; ara_raph l- D'T' • . . : :n. net, and acrcemcnl, ,IT: -:, I,c r•mt : Ind ,<n,:: d. \ny Burrower whoco-signs this Security
<br />instrument .!:I ., n� !i• Oio \•,,,; ia? a :o- signing Otis `ccu;uy lnstrument only to mortgage, grant and convey
<br />that Bnrrc,wvr', inter -,-t r`,':• p- ,•t,cirr, :in ::vr 'I,e terms of this S,'CIII it. Ln,Truntenr. (h) iS not personally obligated to pay
<br />the qums ,e .. ed 1,% !!I: �c it, ln,i: in-iii. and (c) agrees that 1 : cr.',•r r•;,E .ins other Borrower may agree to extend.
<br />modify. forhe:!r or rr.akr .u,y .r;; T1M'1,d:vwvs wi!h r ?gard -.o the terms if this `;ecunty Instrument or the Note without
<br />that Bormwer'a consent
<br />12, 1_oan Chnrges. V •'' :, ;'.m sr :.ucd ht .lit% Security Instr ....... r! i': uhicci to a law which sets maximum loan
<br />charges. and Thar la•., , ti :lrc1; 1 •.,, !h:ii the interest :,r .ins -r loan charges collected or to be collected in
<br />connection .yith the loan e>c^z,! 1!te ne"ntttt,id limits. then, cal any :uch loan charze shall be reduced by the amount
<br />necessary to reduce the chai ze to tit•_• ncrmt!ied limit: and Ili! anv sur;rs aireadv collected from Borrower which exceeded
<br />Permitted limits will i e reT,mded i, B•a r „w, r Lender mac hoo,e to make this refund by reducing the principal owed
<br />under the `rte or by making a direct r:tyriiert 10 Hnrrow'er. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment withour ariv prera%n,cnt charge. under tine tole.
<br />13. I_Cuisiation :11Tectinit Lender's Rights. If enactment .,r e! prt;ition of applicable law; has the effect of
<br />renderme.1n% nr,,,!,r,❑ .,i ;.,.. • hr uir % Lp,trumen! Inirni - rceahle .,cc id!ng tons terms. Lender. at its option.
<br />may reyutre imrnediate racer at + i!' .,f !i' , r,s secured by This �ecuriiy Instrument and may Invoke any remedies
<br />permitted by paragraph ici 1 ter; Thl, .ipnon, Lender shall take the ,tees specified In the second paragraph of
<br />paragraph I-
<br />14. N„ bees. \•ry n „!i, ; . • R•,rr•,tscr , .,,, u!cd f ,r ul This 5, cr.r: ! ,- Ter : : :nr shall lie given by delivering it or by
<br />aa!hnz 7. r•I ,ia,• ,:,' .r ,I• r `.,rn reuunc, ...,c of :tin ” I,. TI—"hod, The notice shall he directed to the
<br />Properr.:%ddre-:> ,r .vi) ,,titer .t,i;!;c„ lb r,uwc. designale, by nonce l.-ndc:r Any notice to Lender shall he given by
<br />first class ! -,it) to Lc•! ^.dcr ,uidn :•, ,, trd herein of any other address I critic.- designates by notice to Borrower. Any notice
<br />prodded fir in Ihi> _�cc•urrty 1; ,trumrnt shall he deemed to have been crven In Borrower or Lender when given as provided
<br />in this paraci mh
<br />1=. Governing 1 a,,: '�-e•verahilit,. This Sciurtr'. lw,tTUmcni ,hail'ic c,•terned by federal law and the law of the
<br />iurts. :;:moo m which Tlie PrrrrT:, ,s i•,.afed. in Tilt. carne That any rr(,tismn Or _!ause (if this Security Instrument or the
<br />Note conflicts with appLcahir litw, such conflict ;hall not .ttfect other prnyt „tins ca this Security instrument or the vote
<br />which can he g:ten ether withoilt file : fiffictine. p rnstsion. To this end the provision< of this Security Instrument and the
<br />Vote arc declared he ,.%era
<br />IF. Borrriwer•s C(iny, Pot r.,-,%er 0, :'•i ern rote ronl. rmv,i ..q,. The time .ind of this Security Instrument.
<br />17. Transfer of the Property nr :! Beneficial Interest in Borrower. i± .ell •r any part of the Property or any
<br />interest In It is .,,icf !I I!), ", • • ! r,t t•. i,.ta! interest tit Ror;ow,•i :, ,old , •r Tr: :n,fcrrcd and Borrower is not a natural
<br />person) without Lender', I,r!•,r •.t r,,,. ! :unscnt. Lender may, at its option. require ,immediate payment in full of all sums
<br />secured by this 5e:.ur.. 11I,t;1:r „•n, H: ticyrr, this option shall not he e.xvrciwd by Lender if exercise is prohibited by
<br />federal taw a,,•f riu !:,tv I rhr, : tit Instnrntent .
<br />if f :•flour,:,rr_=.•., iii:=.,,r. wn. 1 ,:ndcr ,hall vi-.c Borrower notice nf.uc : :lrrsurirt. The notice ;hall prenide I period
<br />of n „t le„ r'I :tit t'i,la.s h, n, :h• !.IT•• i,r ioti., !1, fritter,d,:r mailed ,%iihiii witi,h Borrower mug pay all surm secured by
<br />this SCcLIT :1'. (aslninre ,f I! it ITI,w 1 tall, ;,i pay Ihe••e sunis prior io the :•cpiraT;;,n ,,f this period. Lender inag Imoke any
<br />rent %dr s renniRc.l ;hit wltlinut further rnvtce,tr ,iomand on Burrower
<br />19. llt,rrnwcr's Right to Reinstate. if Borrower meets ;cr.:!n a•mhiwns. Borrower shall hate the right to ha.c
<br />cnf.•re :milli -,f ,i,:, r en(. lit1t. " ;T11t'!II ir,.,.,ntnuied at .Inc tune firmer ici the earlier of (a) a days (nr such ,ether pern.,d as
<br />apf•Ileah!e Lew •!iA1. ,pct;!. i.,r rr•' ,!;rue :net h :•torc sale of tits Pnipc•rty pttr,uam to any power of Sale contained in this
<br />Sc.nr.ty Lr.tr. :rr.•r+! r ,h, ..,!t. , .i . : „'... „ nT enf .r.utg hr. ';ecurt, hi,trunx :ni Those conditions arc that Borrows!
<br />(.tr rays I erislr .o!' , -Im, wh, -.h ifi. a •.y,nt!'d he dUC under tins SCLIIItr\ In,rrunicnl and the Vote had no acceleration
<br />,,. ur ^d +h, .tire, .iii. .I•:ta,ilt .titt ,•ihcr c(1tenaw, or .Iatcemcni,. i_) pays all ,itpenses incurred in enforcing this
<br />cut; +s 1r1,lrUI11C;I!. mclu,l,c;. .,t nor !,r.ntclf 1 ". :(-as,,n :!i,le an '•r nets re•e,. and 1d) takes such action ,I, I ender may
<br />rca,••n :,I :r, c it r:• ..,.nr• t r',. n i .1,,•, ♦room, Instni l•'111. •ndcr', r:zht, in the Property and B „rn,wer,
<br />d hz't'T,•„ l ).• 1.11 !,t '!,,, �,•; i'tl. In- !inn, :•nr .h.!i' vii tit tic• uric h:utged. L`pnn rcrn,ialerr?crtl I„
<br />lt,rr ,w••r. , ,, �c ! 1'.. •IIC.i!fl n• n,e.l h• ••',, •h t,I • :r,imil t ill 1%efrec Ii. eas ItTin.1, ierallill !1.1;1
<br />ar :tc.1 EL,•,,, .. „, n r , i.i 1 . , .irl i, ni !lic,a , , ..,.. � I „n i:rider IlaIagiraphs I I it 1,
<br />N(r•;. 1_'•:;t , •u • r ! . % I •.... I.. H < -,rrnw e. 'Ind I ender furthc. c„trr. 1111 and aclee e, rollo%s
<br />19. Accelet•!tion; it, rn- dies. CendCr .hall give notice to Burrower prior to acceleration following Borrower's
<br />breach of any covenant nr agreement in this Security Instrument (hut not prior to acceleration under paragraphs 13 and 17
<br />uniess applicable law prn,itles otherwisel. The notice shall specify: (a) the default: (b) the action required to cure the
<br />default: ic) a date, not less !hm, ?it di ' vs from the date the notice is given to Borrower, by which the default must he cured:
<br />and id) that failure to clore the def:uti nn or hetore the date specified in the notice may result in acceleration of the sums
<br />L secured by this Seci rity Instrument and sale of the Property. The notice shall further inform Borrower of the right to
<br />reinstate after 1cceleLlti(lo avid the right to bring a court action to assert the non- existence of a default or any other
<br />defense of Borrower if, accelt ration and sale. If the default is not cured on nr before the date specified in the notice, lender
<br />at its option may re•ruire itninediate payment in full of all sums secured by this Security Instrument without further r`
<br />demand and may invoke Ow mower of side and any other remedies permitted by applicable law. Lender shall he entitled to U45
<br />collect all experts” incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, s
<br />reasonable attorneys' fees and costs of title evidence.
<br />if the power of sate „ in,ol , d, 'I ritstee shall record a notice "f default in each county in which any part of the.
<br />Property is located and ,hall m-111 conics of such flotice in thr manner prt•,rrthod by applicable law to Borrower and to the
<br />other persons pre,, 1iit,if it, ,pphcahle law. Alter the time required Iii, aliplicabit, law, I rustec shall cite public notice of
<br />sale to the persons :end io the ,manner prescribed by applicable law. Ff o,uv, without demand nn i1mrower, .hail sell the
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