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OJ""OUVOOVO
<br />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 />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 I 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 onginal Borrower or Borrower's successors in interest. Any 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. Borrower's covenants and agreements shall bejoint and several. Any Borrower who co -signs this Security
<br />Instrument but does nut 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 Securitv instrument: (b) 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 Security 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 in
<br />connection with he loan exceed the 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 to Borrower. if a refund reduces principal, 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 Note or this Security Instrument unenforceable according to its terms. Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19 . If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall he given by delivenng it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or anv other address Lender designates by notice to Borrower Any notice
<br />provided for in this Secunty instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. in the event that any provision or clause of this Secunty instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Secunty Instrument or the Note
<br />which can he given effect without the conflicting provision. To this end the provisions of this Security instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower sha11 be given one conformed cope of the 'dote and of this Security Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's pnor written consent, Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument However, this option shall not he exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration The n,,tice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which HorTower must pay Al bums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke anv
<br />remedies permitted by this Security instrument without further notice or demand on Borrower
<br />18. Borrower's Right to Reinstate, If Borrower meets certain condmon.,. Borrower shill have the right to have
<br />enforcement of this Security Instrument discontinued at any note prior to the earlier of tat t days for such ether period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument: or (b) entry of a judgment enforc: g thts Security instrument Those condnions are that Borrower
<br />(a) pays Lender all sums which then would be due under this Secunty instrument and the Note had no acceleration
<br />occurred. thl cures any default of any other covenants or agreements, Ic) pays all e.vpenses nicurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys' fees, and (dl takes such action as Lender rnav
<br />reasonably require to assure that the lien of this Security Instrument. Lenders rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security instrument shall continue unchanged Cpon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured herehv shall rern:un rul!y rrlecnve .as it no .acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of accelefarjon untie, paragraphs l3 or !'
<br />NON - UNIFORM 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 (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable lair provides otherwise). The notice shall specify: (a) the default; ib) the action required to 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 be cured;
<br />!nail (d) that failure to cure the default on 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
<br />tai
<br />L reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other
<br />Mean 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 />demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall he entitled to
<br />collect all expens" incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />rearonabte attorneys' fees and costs of title evidence.
<br />If the power of ale Is invoked, 'Trustee shall record a notice of default in each county in which any part of the
<br />Property is located and shall mail copies of such notice in the manner prescribed by applieshle, law to Borrower trod to the
<br />other persons prescribed by applicable law. ,After the time required by ;applicable law, '1'rustec .hall gave public notice nr'
<br />ale to the perstans and in the manner prex•rihed by applicable law, frintee, withour 1emand nn flmi'oAvr. shall sell the
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