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If the Property is abandoned by BA -MM-or it; artPAt arty 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 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 rot 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. Any forbearance by Lender in 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 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 be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not 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 Security Instrument. (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument: and fc) agrees that Lender and any other Borrower may agree to extend.
<br />mochfv, 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 mterpr! r ! so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits. then- (a) any Such loan charge shall he reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) airy 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 Mote 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 dote 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 10 If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph
<br />13. Notices. Any notice to Borrower provided for ill this Security Instrument shall he given by delivering it or by
<br />marling a by tits.,. class marl uniess applicable law requires use of another method. The notice shall he directed to the
<br />Proper" %,idrrs, , r any ;,thcr Addres, Borrow,.! •ie,ignaies by nonce :o Lender Any ncnce u0 Lender shall he given by
<br />rirst class mail to Lenders address stated he_rem of anv other address Lender designate-, by no::ce to Borrower. An% notice
<br />provided tot in this Secunty Instrument shall he deemed ro have been given to Borrower or I_cnder when given as provided
<br />in this taragr iph
<br />1=. Governing Law; Severability. This Security Instrument ,hall he govemcd by federal law and the !aw of the
<br />ur.Wictiirr.:n which tic Propertp is located. In the (ncnt that anv prat „+on or clause 4 this Security Instrument or the
<br />Note :: ntLya wait applicable law. such cc ".ritlict ,hall not .rffec! other p rr.tsions of th:s sccuru: Instrument ;r the Note
<br />which can he given rdect without t }te contLctrna! hr,,vision Tai ,.tin � rid the ,tthis Srcurtty Instrument find the
<br />Note arc dcciarta to he severable
<br />16. Borrower's Copy. 6urrowrr ,hail be Ln, eri one ...onG.rmcd :c py ; 'he time arid rf this Secunty Instrument
<br />11. Transfer of the Property or a Beneficiai Interest in Borrower. 11 ail fir :anv part ut site Properrc ,,r ar.y
<br />:rate:est in it is sold or iransferred for 11.1 beneficial interest !n iiorr)wrr i, ••,yid ) !mri %ferrcd anti Borr %kcr !s not a nararai
<br />persons ,v:thour Lender's prier written consent, Lender ma}. et .rs !piwn. require :mrnediair pa• anent in tail .cif all sums
<br />secured h% the, Security Instrumeni Iiowc%cr• th:, pt:; n ,h:ul not fie rxer:_r,cd by Lcndcr it :xt,rcr.e is prohilnteo by
<br />federal taw as Ut the date o thi% Security Insirument.
<br />If Lender exercises !his option. Lender shall gr-e Bcorlwcr r. ,u e of acceieraton T }-.r n,;ncc shalt ?ray +de a period
<br />.)f not less than ,' days from the date the nonce is dch%tcred or ry iieu within w big h Bon, owe? must pay all stuns secured h.
<br />this Security Instrument If Borrower fails to pay these sums pn,_ r tl> the cspi, n f this ornod, Lender may !n%oke anv
<br />remedies permuted by this Secunty lnsirunierii without further -io ti e or ,irrrc n;l ,n N.,rrovier
<br />18. Borrower's Right to Reinstate. If Borrower meets r.rtaui ., ru;!r:n,. B,nr,:wer shad has% +he rt! ht to havc
<br />enfi ±rcrrnert r.l the. Se.urii% InstrUrnCnt d1,LUntt1)t14t1: et eny time 7o :F:e :xariicr ,i tat ` da }'s nor sti::h nthcr period a, .
<br />applicable law may specify for rernsiatcrnentl hefore sale of the Pn,periw pursuant !o any power of-,ale contained in !his
<br />Secunty instrument: or (h) entry of a judgment eT1h)r ;:rig this '�`carrty Instrurent Those conditions are that Borrower
<br />ia) pays Lender ell sums which then would he dui under this Secunty lrisirurne:ii .and the Note had no acceieratir,n
<br />occurred. ih) ures any r ;efault of all,, ,ether .:o%crtawt it .igree,71Mts. +c) pays .ill expenses im.rred tit enforcing thr,
<br />Secant% insrrument.:rcfudrr,;z, but rn>t limited to. reasonaole :stir ;finis lee,. and (di :3krs ,u,:h .r,.!wri as Lender :n.n
<br />rcasonabiy require to assure that :he Iron of lh :s Sc.:urrty Insuurnent. Lender', ,! h!, in the Pr:herra :ird Borrower's
<br />obligation to pay the sums secured by this Securirt 1r,strurnent ,hail .: nntm, ,...rharsccf i' ,.n re!risiatc:ncni 1s
<br />Borrower. this Securer', Instrument and the miii!atilMs .ee:urifd hcn•hv .Bail rcrr ai i 1 _; r• +(' AN It air, ac; c rr.tnnn ii.ic;
<br />occurred. Flowerer. 'h:s right to reinstate *hall rwl ippk !it the �a%r. ,f,+ rib : arc n r „Jr , r.itta,,hs 1-; ,,r I'
<br />CO VENANTs Borrower and Lender further covenant and aurvc es 41)llows
<br />19. Acceleration. Remedies. Lender shall give notice to Borrower print to acceleration following Borrower's
<br />bresch of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 13 and I -
<br />palest applicable law provides otherwise). The notice shall specify: is) the default; (b) the action required to cure the
<br />Witalt; (e) a slate. not less than 30 days from the date the notice is given to Forrower, by which the default must be cured;
<br />and id) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />L seeared by this Security Instrument and isle of the Property. The notice shall further inform Borrower of the right to
<br />rolls"e after acceleration and the right to bring a court action to assert the non-existence of a default or any other
<br />defense of Borrower to acceleration And %sit. If the default is not cured on or before the date specified in the notice, Icndct
<br />al its option may require immediate payment in full of all sums securrd by this Security Instrument without further
<br />demaind and may invoke the power of Sale and any other remedies permitted by applicable law, lender %hull he eninlyd to
<br />collect all eirpesses incurred in pursuing the remrdies provided in thin paragraph 19, including, hur ool Wroled w,
<br />reasonable attorneys' fees and costs of title evidence.
<br />If the power fit Sale iris invoked„ 'l ruster %hail record a notice of default to each coon?+ in who'll am part A the
<br />Property is irwated and shall ?.nail copies of ouch notice in alit, mariner pre” rthed ft,, :rpphcahie !aw a, Ilorrvwar and ro the
<br />tither pwvitons preuail)td by applicable law After the time iritutred 1), .ipplit Alic Spa, f cost) -e 'hall i:I,, inrhhr ricr „(
<br />isle trr the per %nn% anal w the rnan)trr - orscrilw(l art applicatilo law i ru,irc — illinir !em:ow o i1 r ,..,•r .ii,a,! .rill !it, ��
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