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84 - 00651.1 r If lhe Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor oft'ers to make an award or settle a claim for dazna&es. Borrower fails 10 respond 10 Lender within 30 days after the date the notice is given. Lcnfu is authorized to collect and apply tbe proceeds. ;It its ~ion. either 10 restoration or repair of the Property or 10 lhe sums secured by this Security Instrument, whether or not then due. Unless Lender and Borrower otherwise aaree in writina. any application of proceeds to principal sbaIl not exteDd. or postpone the due date of the monthly payments rd'enecl to in parqrapbs I and 2 or c:hanae the amouat of su.:h p&)'IIICIdS. 10. Bonower Not ReJeued; ForIIaraace By IAIIIIer Net a Waf... EJrtension. of the time Cor payment or modiication of amortization of the sums secured by this Security Iastrumeru gruuecl by 1.eDder to any~ ill interat of Borrower shall not opcrare to Rlcue the liability of the oripIal....(Jht or Borrower's SUClCClIIiOI'S in ~ Lender sIlall not be requin:d to ~ proceedinp apiIISt any $lICCCSSOf in intenst or refuse to nteRd"-ror payment or otherwise modify amortization of the SUJISS aec:urcd by this Security wtnamcat by I'IIIOIl of my ......~ by the original Borrower or Dorrowcr's successors in interest. Any fon-ruc:c by Lender in _.... any .........., shall not be. waiver of or preclude the cxcrcise of any riJht or remedy. lL SMn illS _ Auips BouIIlI; JoiItt _ 5eftnI L1aWlitr. Co1ipIn. The ClOWlIlIaDts _.... ..of this Security InstrUment shall thd aad benefit thesuccasors and amps I-FLender and Bormwcr, subject to the Ji4'O.:C 1_ of parapph 17. Borrower's covenants and agreemellts sha1I be joint and several. Any BoI,OWU who CHips this~ Instrumenlbut does not execute the Note: (a) is c:o-signing this Security Instrllmellt cmIy to mortpp. pawl -CClImlf that Borrower's interest in the Property under the terms of this Security IllStrumcnt; (b) is not pcnonaUy obIipsedlO,., the sums secured by this Security Instrument; and (c) agrees that 1.eDder and any other BoiIOwCf may aaree to...... modify. forbear or make any accommodations with reprd to the terms of this Security lnstrumeat or t1le Note ....... lhal Borrower's consent. 12. Lou CIaarpL If the loan secured by this Security Instrument is subject to a law wIIidl sets mal' ... charges. and that law is finally interpreted so that the interest or other leu cha.raes c:oIeccecI or to lie coIIcted'iII connection with the loan exceecl the pcnnilted limits. then: (a) any such leu charF sha11 be reduced by the ....... necessary 10 reduce the charge to the pmnittedlimit; and (b) any SlIIII$ a1n:acty exllJect<<l &om BoH-. wItidl.....-..s permitted limits will be refunded to Borrower. Lender may choose to make ria:" refuRd by ~ the priaoipII owed under the Note or by making a direct payment to Borrower. Ira refund recIuces pri1Icipal, themiuc:tioft wiD bctrelled.. panial prepayment withoul any prepayment charJe under the Note. 13. Legislation Atfectiac Lender's RiPtL If enactment or expiration of applicable \aws bas the .-.ct of rendering any provision of the Note or this Security Instrument unenfon:eable according 10 its tcn'ftI, Lender. at its opcion, may ""'1"U'P imm..n;Il!" r"'J'""'!"f in full nf an ~llm. <.I'Clll'l"'d hv 1-"i~ ~JjIY-!nstrumeru and may invoke any RIIIIdiIs permitted by paragraph 19. If Lender exercises this option. l.en4et- ~take the steps spccificd in the second parapapIl parqraph 17. 14. Notices. AliY l.otJCe to Borrower prc.vided for in thIS Security InstnmICrlt Sewl be liven by ddivcri&al it or by mailing il by tiJ:St class mail unless applicable law requires use of another method. The notice sha1I be directed to the Property Address or l'.ny other address Borrower designates by notice to Lender. Any notice to Lender sIlal1 be PYa. by tirsl class mail 10 Lender's address staled herein or any other address Lendcrclesipates by notice to Borrower, Any notice provided for in lhis Security Instrument shall be deemed to have been given to Borrower or Lender when Biven IS provided in Ihis parapaph. 15. Go.erniq Law; Snenltility, This Security Instrumenl shall be governed by federal Jaw and lhe law of the jurisdictIOn in which Ihe Property is located. In the evenl that any provision or clause of this Security Instrument or the NOle conllicts wilh applicable law. such conflict shall not alfeet orher provisions of this Security Instrument or the Note which can be given e/l'eet without lhe confticting proVISIOn. To this end the provisions of this Security Instrumetn and the NOle are declared to be severable. Hi. Borrower's Copy. Borrower shall be Jiven one conformed copy of lhe NOle and of this Security Inst1'UftleIlt. 17. Trusler of the Property or a BeaeIiciaI Interest in Borrower, If all or any pan of Ihe Property or any interesl in it is sold or tran..fcrred (or if a beneficial interest in BolT:lwer is sold or transfcrr=d and Borrower is not a natural person) wlthoull.ender's prior wriUen consenl. Lender may. al ill option, require immediate paymeDt in full oral) sums secured by Ihis Security Instrument However. this option shall nOI be exercised by Lender if exercise is prohibited by federal law as of the dale of Ihis Secunty Inslrumenl, If Lender exercises Ihis option, Lender shall give Borrower nOlice of acceleration. The nOlice shall provide a period of not less lhan 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails 10 pay these sums prior 10 Ihe expiration of this period. Lender may invoke any remedies penniued by this Security Inslrument without funher notice or demand on Borrower. 18. Bonowcr's RiPt to Reinstate. If Borrower meets certain condiliollS. Borrower shall have lhe riabt to have enforcement of this Securit). Instrument disconrinued at any time prior 10 Ihe earlier of: (a) S days (or such orher period as appiicable law may specify for reinstalemenl) before sale of Ihe Propeny pursuant to any power of sale contained in Ihis Secunty Instrument: or (b) enlry of a Judgment enforcing thIS Security Instrument, Those conditions are thaI Borrower: (a) pays lender all sums which then would be due under Ihis Securitv Instrument and the Note had no acceIcration occurred; fb) cures any default of any other covenants or agreements;'(c) pays all expenses incurred in enforcin. this Security Inslrument, including. but not limiled 10. reasonable allomeys' fees; and (d) takes such action as Lender may reasonably require to ..ure that tbe lien of Ihis Security Inslrumenl, Lender's nghls in Ihe Property and Borrower's obIiptlon to pay the sums secured by Ihis Security Instrument shall continue unchanged. Upon relnstalemenl by Borrower. thIS Securit). lnslrument and the obligations secured hereby shall remain fully elrecuve as if no acceler.llion had occurred. Howe..cr, this riptto rcinsrate shall not apply in the case of acceleration under paragraphs 13 or 17 NON-UNIFORM COVENAm'S Borrower and Lender funher covenanl and agree as follows: 19. ~ Remedies. l..elItIc shaU lift IIOdce to Borrower prior to accelcratiOft followiRll Borrower's bAadI of &IIJ ~ or l1li'__1111 ill tIaia Security Iatr1lmellt (but not prior to acceJcratioa under"""""" 13 IUId 17 -- ..,Ii.,. Jaw JII'MhhI ot!MnriR), The notice sIaalI specify: (al the default; (11) tbe action required to cure tile def8It; (c) . .... not '- dIM 30 .,.. froaI tile date tIac nodce is PftIl to Borrower, by wlaida tbe default mlllt be cured: .... (d) that fllihln to cure die tIdMUt 011 or .fore die date specifietl i. the nodce may ren!t i. acceleration of t.be s_ .......Iay tIIis SeclIrity 1lIItrt....t ... sale of die Property. De notice sUII further inform Borrower of tile ript to ......... after IICCIIIendota IUId lite. riPe to briq a cowt lICtioII to ~ the lIOII-exmellCt! of a default or IUI)' other ~ or Bon..er te ~ ... sale, If the deIuh is not cund Oft or before the date specified In tbe notice. Leneter It I.. opdn may ~ illuHdiate ...raem ill fldJ of rill _ securM by t.bis Sec:vriC,' Instrument witllout funber ....... ud _y i..... the ,0_ of sale ... .., edIet- reIIIIedies permitted by applicable law. Lender sball be entitled to cofItct aU CIl",- ilIcurnd I. ~ die reIIIIedies pro.kIetI ill this p8I"aITIIph 19. including. bul nOI limited to, r_.ulll_ anomey.' r_ uti cotU of title e.uhllCt!, It die power of We is ill.... TMIItft shaU record a notkc of default in eacb counc,' in ..hicb IIn)' part of tbe ~ is located MIl sHjl _I ~ of sveh aodce in the _lICr pfftCl1bed b, applicable la.. to 8orro..er gnd 10 Ihe otkr \lIfft!lM pr<<urlM1! by ~ la". After tlte time rllllllired by applicable la.., Trustff sball ill~e public nollcr or sale!O lhllll4'nOn' aM in nlM mUM! pr~cribed by applicable la... TruSlee. "llhoul demand on Bonn....r. ,hllil -.11 th.. L I ~