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i1 017 vvvas.:
<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 m interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason ;Many demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender to exercising any right or remedy
<br />.shall not 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 />This Secunty 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 be joint and several. Any Borrower who co -signs this Secunty
<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 to the Property under the terms of this Security 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 accammodanons 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 subjec! To a law which sets maximum loan
<br />charges. and that law is finally interpreted so that the interest or other loan hnrLes collected or to be collected to
<br />connection with the loan exceed the permitted limits, then: (a) any such loan ::barge 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 dote or by making a direct payment to Borrower. If a refund reduces prtnc: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 effecr of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender. at !is option.
<br />may require immediate payment to 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 1
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given n% delivering it or nv
<br />mailing it by best class marl unless applicable law rivulets use of another method The notice shall rte directed to the
<br />Prapert, address nr any other acidress Horrvwer .iesiLriatcs ny nonce to t.ender :Zoe Lyme- to ..ender shall `se grv_n ry
<br />first Gass mail to Lender's address stated herein or an, other address Lender designates n, i .rice it Borrower Am: notice
<br />provided for in his Security Instrument ,hall 'se deemed to have been given to Borrower +r .ender when given as provided
<br />!n this paragraph.
<br />15. Governing Law; Severability. This Secunty Instrument Shall be eo,crned n, frdera+ law anal the law of the
<br />turisdiction in which the Properry is located In the event rhar any ar,,ision or _iause :f this Sr•.nrtt', Instrument rr ihr
<br />Note cotttLcrs with applicable law. such contltct Shall not dffec• other tiote
<br />which can he given effect wuhout fhc :onfl!c!:n2 provision T:, mis end ,he nr, „iSU;nS oi' iniS Securin. ins!,rumcnt a:ic the
<br />Note are declared to be severable
<br />16. Borrower's Copy. Borrower shall be Liven one conf�umed _op, •,( :hc %ore and r•f this Sccur!n Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If ail or any dart of :hc Prorcrie Or any
<br />interest to it :s sold or transferred for t£a berrcticial interest in Bor -o%kc! is suic or transferred and Borrcnwcr !S net a naturai
<br />persont without Lender's prior written consent. Lender may, at rS op!wn. require immeL iw!t payment In roil .'f all SLIMS
<br />-secured by this Securt!v lnst :ument However, thus oprnm sl:al' ti -it nc exercised ce Lender :. -,\earsr : �nihitea n%
<br />federal law as of the dale of this Securti% instrument.
<br />If Lender exercises this option, Lcr :vier ,hail gr.v Rorrowcr o ; accrieranrn The rwirs ,nail �,t ur a Period
<br />of not less than i0 days from the date thr noucr Is achvered or rna:,ed w tth:n w hick Borrower ntin[ pay iii Sums se:urrd by
<br />this Security Ensr, ument [f Fiornowrr fails to pay these sums prior tc, the cu`rrau ui •f ihr, prno4, i.endrr mart :mike
<br />remedies permitted by this Securin Instrument without further noucr tie derr;arid on Borrnwrr
<br />18, Borrower's Right to Reinstate. If Borrower meets c :ertatrr . :nndiiwns, Horn'wcr lh ii: !tavc ":e ! .hi ha,.
<br />enforcement of tht,. Secunty Instrument ais1onunuec at sn, time pritrr Iv !hc _arher it aI ` d :ty, :<,r Su.:!; �:ne, arrt: as
<br />applicable !aw may specif, for rcinStatenient ) before ,ale of the Property pursuant to any power of ,ale contained in mis
<br />Security Instrument. or Ihi mire .,t a iudgmeni _nfnrc:ng this Sccurin Instrument Thor .otid:uons arc -hat B; r;;,wer
<br />(a) pays Lender all sums which !hen would ne .hue under this Securin, Instrument and ihr `oic had no acceicranon
<br />occurred. (h) :urns any default of ar , .ether , o%enants �,r agrecnienl�. : I pays ail rxpc!tsc, nicurreci ;n cnforc;ni: thl,
<br />Security Instrument, inciuding. but not limited to. reascmabie atiornrvs sew.. anci L11 !nits -such a.tun es .-nefrr rna�
<br />reasonably require to assure that !hc Iron ni !his Sccurn, Instrument, i_endr! !Igm, n; ;he I'• :,per•_, and liorn,w_r
<br />obligation to nay the sums Secured h, ;his Secunty lnstr!nnrru ,hail. ,_.annnim unchanged i pon rr:mr:ite!nent he
<br />Borrower. this Sm;urn% Instrument and the Ullllgatlorr, ,_C used hert'h, ,hail rented! hillt. Cifm:tae a, if MO a..Cleralwn . ^,"LG
<br />occurred. Howeecr, this right io reinstate Shaul no! appt, IT; the CaSe lit L r'1`ratl,,t1 „!:der !, :,r,tstrtphs i , or 1'
<br />NONUNIFORM Crjvt tiaN75 Borrower and Lender further coveaan.t and agree as foliow,,
<br />19. Acceleration; Remedies. tender shall give notice to Borrower prior to acceleration followm¢ Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and I7
<br />unksao appii able low provider; otherwise). The notice shall specify: tai the default: (b) the action required to cure the
<br />dtefaaltt te' a date. not less than 30 days 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 elate specified in the notice may result in acceleration of the sums
<br />!seared by this Security lnstrument and sale of the Property. The notice shall further inform Borrower of the right tii
<br />reimtate after acceleration and the right to bring a court action to assert the non - existence of a default tir any other
<br />W~ 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 r`
<br />demand and tray invoke the power of sale and any other remedies permitted by applicable law. Lender shall he entitled to LP
<br />collect ail eapenum incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to,
<br />reasrmable attornrvs' fees and costs of title evidence,
<br />If the power of .ale is invoked. I rtiste, 0all record a nrrtice or default m each rouni, m which am part of the
<br />Prnpero is iocated send shat) mail c.gwe ,f Such mo scr In flit manmer pr— crtlwd h, ;ipiitic:eblr )it- rn limt,)%er ,ind to the
<br />,other ;wr5011& preit'r owfl lr, ;rppUc arhir a- 01"r. ihr !tint rneprrn , , ., pillions hie litw 1 tu,tet ,hall gr,t pubin noW r of
<br />RH i.� rn 7tir jH•, sun, . +tort :r. Imo m; #rim s , , +uiht°tt It,, dppli�aLt.. a - u,,.. ., .•i�, t•, t.;nu .m Ii.,r••,N r, ,hai( 'ht
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