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3� 0053, 9 r 85-- 005298
<br />11 file PR,pcft \' h abandoned by Bur. newer, Or if, after notice by Lender to Borrower that the condenitlor tilers to
<br />:- %%,.rd or settle a aaIIn till damages, Borrower fails to respond to Lender within 30 days after the date the nonce is
<br />given. Lender ts authorized to collect and apply the proceeds, at its option, either to restoration or repair ul the Property or
<br />to the suns secured by this Secunty Instrumcnt, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to pnncipal 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 payrnent or
<br />modification of amortization of the sums secured by this Security Instrumcnt granted by Lender to any tiucccssor in
<br />Interest of liorruwer %hall not operate to release the liability of the origmal Borrower or Borrower's successors In interest.
<br />Lender shall not N, required to commence proceedings against any successor in interest or refuse to cmcir.i time for
<br />payment ,r ,ahcrwise modify arnorttzation of the sums secured by this Secu:.ty Instrument by reason of any demand made
<br />by the original !for rower or Borrower's successors in interest. Any forbcar;lrlce by Lcnder ul exercising any right or remedy
<br />shall nor he 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 />thl %kr {tiny instrument shall hind and benefit the successors and assigns of Lcndcr and Borrower. subject to the provisions
<br />of paracrap h 1' Borrower's covenants and agreements shall be join rand several. Any Borrower who co -signs this Secunty
<br />Instrument but does not execute the Note: la) is co- signing this Security Instrument only io mortgage, grant and convey
<br />that Borrower's Interest In the Property under the terms of this Secuniv Instrument: (h) is not personally obligated to pay The suns secured by [tits Security Instrument: and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make anv accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Iorrowcr'%con%ent
<br />12. Loan Charges. elf the loan secured by this Security Instrument Is subject to a law which sets maximum loan
<br />_'barer%, ano lim law is finally Interpreted so that the interest or other loan charges collected or to t1c collected in
<br />-- nec',on w1lh the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amuunt
<br />necessar% it) reduce the chaige to the permitted limit; and (b) any suns already collected from Borrower Which exceeded
<br />permmted limits will be refundrd to Burrower Lender may choose to make this refund by reducing the principal owed
<br />unucr the Notc or by making a direct payment to Borrower. If a refund reduces principal, the reduction will he treated as a
<br />nariud prepayment without any prepayment charge Milder the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of -IPPIICanfc laws has (tic t•Ife.1 of
<br />rendering any piovlston of The Noic .ir this Secunty instrument unenforceahle Lic,:ording w its terms, Lctnfcr, it us option,
<br />may Ic;tuile nllmruiate payment In full of ill ,urns secured hp this Secunfv instrument and may invoke any rrmedwN-
<br />Pcrmltted by paragraph ly. It Lender exercises Ibis option, Lender shall take the steps specified in the second paragraph of
<br />paragraph I-
<br />14. \.,tires. Any nou.c Io Borrower provided for in this Security !n %trumrm shall he eivcn b% ueLtrrine t it rn
<br />:rimn_ :! :,r,l :iass In 'd unless wPilcahic !aw requires use of aautlrl , „_11,n1 l he n;5ticc ,;fall tar ifrc_trd f , !!1e
<br />Propci!% Address ;,t anv other addics% Borrower designates by nonce h, Lender AaN ; +o i,v a Lender ,nail ne a;. cn nc
<br />first ciao inarl to lender's address siaird herein or anv other address Lender designates by nonce to Borrower Are. li "11Ce
<br />pru%lded t,,r in Phis lecunty Insirument shall be deemed to ha %e been g,fyefl iii Borrower or I ender wheal gl \e/i :l% provided
<br />111 this arairaph
<br />15. Governing Law; Severability. This Secunty Instrument shall he ;;overnrd by federal law and the law of lire
<br />jurt%,;;L:w n Eft which the Property Is located. In [tic event that any pro,i%imi ,+r :lausr „i !firs Seinrut in,trluncn[ it !hc
<br />\,sir c,ath.:1 wish apph.able law, such C011111ct ,hail not affect other proviswns )f ;hi, <r urlty Irl%rramcr,l .,r the \„ic
<br />which ,an tic ,zi%en cffcct without the conflicting pluvfsion Io this cnd the , r,,,;surns of tills Secunty Instrument an,: i 1e
<br />arr,lci fared I„ he %e%crahle.
<br />Ihr. lturnlwrr's (:opy. Borrowcr had he gi%,en ,lie cofltnrmed +p, ,'I :hc Nnic .Ind .:I this )c: u: t', I +; .1r unreal
<br />1'. Tran%fer of the Property or a Beneficial Interest in Burrower. It .lit ,'r ant, ,art If :ht- Pn.Iperl, .,r .111y
<br />:ra t'fC,I 1n .I
<br />Is "Id'). f1A11 %foamed ror it a helich.!aI interest in Bornmer n „lid or rClrt%le!f t'd and Hui f• +w e1 � ,, ,1 u.i :;,1ai
<br />neV— !I? '•,itrwul Lender's prior written consent, 1_ender may, it Its option, require nnulrtratt• 1,a%nlcnf in r,:ti ,:I .1i. tuna
<br />r1\ :ties >cturn} Instrumcnt tiowc•%cr, this (,pilot ,hail not he e %,•rti%ctf ray I.cnocr it esrrcac :, ; �•- r :uln :' :r h,
<br />icdclaii.r,v ;.Instrument.
<br />Ii !.ender cxcrrlxs Oils option. Lender shall give Burrower noels Of a., :rlcration 1 tee u. dr,e sftail ;',.,c roc a (c rI,,J
<br />of rloi less than ;0day%front the date Inc notice is dehvcred or mailed withlll wnrch Borrower mu %t pdy Lill stins,e.urcd by
<br />this Securny Instrument if Burrower falls to pay these sums prior ul the explrauon of thu pen,id, Lender m.o il:—kc a$;%
<br />remedic %perrrnitcd by On%Security Instrument wrthuut further nonce or demand tin Borrower
<br />M. Horruwer'% Right to Reinstate. if Borrower meets .ertain .onctlllons, llnrrowe: shall h:nc rt ;e r;ctlt !,> iI.oe
<br />cnlacemc:u it this ]e.Urll\ In,trunrew diocontinucd at Any time prior to the edrhet of la) 5 days for such .41ici
<br />appl :,anle 1.1w may sNsIIt for relllstaternewl before sale of the Prllprrty pursuant to any power ,II talc ,;inr.nrrcd rn alts
<br />lt•,unr{ :n•.n.,mtnt...n rhr, *ally ,a a ,w1gment enforcing this locum% In,Irurncnt Thosc,ondllwtl%an.• !iI.11 H,:11,,wer
<br />tar pay% Lender .111 ,uou Whr.h then Would he due under this Secunty Instrument and the Note had m, .t „eierao,nr
<br />,scarred. for :utcs ail, default (,t any other covenanis or agreements, (e) pays all expenses mattered ill entolrlfng Ihts
<br />S"Uilly Instrument, Including, hut nut limited to. Irastinable attorneys' for%. and ld) 1.1kc% 11101 .ILNIM a•. I ender Ilia+.
<br />rt:as,lnabi•, requlty 1„ assure that file lien of this secuniv Instrument. Lender's rights ill !hc I'r,g,cnry au,! it
<br />,lbligari:al I•• pa: ntic sums se,:ured by this Security In%trurnent shall <onn,we utich,ln-,t•d I pill 1ru,,LUrnlenr !,
<br />Hors +w.•r. :rn, 1rll;r :t} I11%Irllmlrnt Jfld IhC ghI1LaN(,Il%,ttCUrc'd hrrehY %flail rt'fn.11fl : {cII1 cllr,.11\,• a• n r,,, a., c, ..:1 „n; !:ad
<br />,cuneli H;,we'.c:. ;Ills right :o reinstate shall III:, ,wply rn the ca%e of accelerant +n uIlOct
<br />Nor..L%li(*mt.1,vf.*:AhIS ll orrowel and Lender further covenant :,nd agree asto)luws
<br />19. Acceleration: Remedies. Lender %hall five notice to Horrower prior to acceletatlun hillnwing Borrower'%
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and 1'
<br />mites applicable law provides otherwise). The notice shall specify: in) the default; (III the action required to cure the
<br />default; tcf s date, not less than 30 days from the date the notice is given to Borrower, by which the default must he cured:
<br />maid (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the
<br />L secwted by this Security Instrument and sale of the Property. The notice shall further inform Borrower of tht, right lop
<br />reinstate after acceleration and the right to bring a court action to axsert the non - existence of a default or in% ,rhur
<br />defense of Burrower to acceleratiun and sae. If the default is not cured on or before the date specified in the mile e. I :ndcr
<br />sci its Option may require immediate payment in full of all sutras secured by this Security In%trumcru without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender Shall he enrtatd fu
<br />colket all expenses Incurred is pursaing the remrAies provided in this paragraph 14, including, but not limited it),
<br />reasonable attorneys' fees and costs of title evidence.
<br />If the Power of safe is Invoked. Irustee shall Accord A notice of delaull in each co milli ill %111th :till p.itI nI tilt
<br />Yroprrty r% locilvd and Shall mall cupits irf such noticv in the manner prescribed by applicable ia% In Bt,rlo %tr and tip itle
<br />other 1wr %um% prr%rrlbed by appflrablr law .filler thr tirne required by applicable law, I rinttr ,flats t1a iiuhh, -'Ii. t ,d
<br />sale to the person-, And Ill tilt• niantlrr pre%trliMd lry applltalile law. I nl%tet•, wlthUut demand .ill B.•, t , %, 1. •.halo i 1h,
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