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<br />006829
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<br />If thc Property is abandoned by Borrower, or if, aftcr noticc by Lendcr to Borrowcr that thc condemnor oft'crs to
<br />makc an award or settlc a claim for damages. Borrowcr fails to respond to Lendcr within 30 days after the datc the notice is
<br />given, Lcnfer is authorized to collect IInd apply thc proceeds, at its option, either to restoration or repair of the Property or
<br />to thc sums secured by this Security InstrUment, whether or not then due.
<br />Unless Lender and Borrower otherwise qree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in parqraphs 1 and 2 or change the amount of such payments.
<br />10. Bomiwer Not Released; Forbearuc:e By Leader Not I Waift!'o Extension. of the time for payment or
<br />modification of amonization of the sums secured by this Security Instrument granted by Lender to lIDY successor in
<br />interest of Borrower shall not opcrlIte to relcasc the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shaI1 not be required to commence proceedings against lIDY suc:c:essor in interest er refuse to extend time for
<br />paymenl or otherwise modify amortization of the st!m5 secured by this Security Instrument by reason of lIDY demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in excrcisinallDY ript or remedy
<br />shaI1 not be a waiver of or preclude the exercise of lIDY ript or remedy.
<br />11. SBCCaIOI'S lIIId AlSips Bound; JoiDt lIIId Sneral Liability; Co-sipen. The covenants and apeemcnts or
<br />this Security Instrument shall bind and beDdit the successors and assigns of Lender lIDd Borrower. subject to the provisions
<br />of paragraph 17. Borrower's covenants and qreements shall be joint and several. Any Borrower who co-sians this Security
<br />Instrument but does not executc thc Note: (a) is co-signing this Security Instrument only to monSaae. grant and convey
<br />lhat Borrower's interest in the Propeny undcr thc terms of this Security Instrument; (b) is not personally oblipted to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may aane 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 />U. Loan CharJes. If thc loan secured by this Security Instrument is subject to II law which sets maximum loan
<br />charges, and that IlIw is tinally interpreted 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 be reduced by the IDIOUftt
<br />nec:cssary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which cxc:eeded
<br />permitted limits will be refunded to Borrower. Lender may chOO$C to makc this refund by reducina the princ:ipaI owed
<br />under the Note or by making a direct payment to Borrower, If II refund reduces principal. the reduction will be treated.. a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Lepslatiout Affecting Lender's Ripts. If enactment or expiration of applicable laws has the effect or
<br />rendering any provision of the Note or this Security Instrument unenforceable ac:cording to its terms, Lender. It its option,
<br />may r~jmmedWc--!ll'Y-mcntin.illlLoLall.swns....seeu~b)uhis Securit): Instrument lIDd may invoke anL!l:m~Ii~L___
<br />permitted by paragraph 19. If Lender exercises this option. Lender shall-.talce the steps specified in the second parqraph or
<br />paragraph 17_
<br />: 4. Notic:u.. Any nutice to Borrolaoer provided for in this Security Instrument shall be pven by ddive;ina it or by
<br />mailing It by fiBt class mail unless applicable law requires I1SC 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 shaI1 be pven by
<br />fiBt class mail to Lender's address stated herein or any 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. GoycmiDg Law: SeYer'lhility. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Propcny is located. In the event that any proVIsion or clause of this Security Instrument or the
<br />Note conftic:tS with applicable law, such conflict shall not aft'eet other provisions of this Security Instrument or the Note
<br />which can be: given eft'ect without the conftictinc proviSion. To this end the provisions of this Security Instrument and the
<br />Note arc declared to be severable.
<br />16. Borrower's Copy. Borrower shllll be given one conformed copy of the Note and of this Security Instrument.
<br />17. Truster of the Property or 8 BaeficiaI Interest in Borrower. If all or any pan of Ihe Property or any
<br />inter~t in it is sold or tr.msferred (or if a beneficial interest in Borrow~r :s sold or transferred and Borrower i~ not a natural
<br />person) without Lender's prior 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 be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Secunty Instrument.
<br />If Lender ellerases this opllon, Lender shall gwe Borrower notice of ac:celeration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Secunty Instrument. If Borrower fails to pay lhesc sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitted by Ihis Security Instrument without funher notlcc or demand on Borrower.
<br />II. Borrower's P.ipt to ReilllUte. If Borrower meets cenain conditions. Borrower shall have the riJht to ha~'c
<br />enforcemenl of this Security Instrumenl discontinued at any time prior to the earlier of: (a) S days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Propeny pursuant to any power of sale contained in this
<br />Secunty Instrument; or (b) entry of a judgment enforang thIS Security Inslrument. Those conditions are that Borrower:
<br />(I) P41ys Lender all sums which then would be: due under this Security Instrument and the Note had no ac:celenuion
<br />oc:c:urred; (b) cutes any default of ilny other covenants or aareements: (c) pays all cxpenses incurred in enforcing this
<br />Security Instrument. including, but nOI limitcclto. reasonable attorneys' fees; IInd (d) takes such IIction as Lender may
<br />reasonably require to lIS5ure thllt thc lien of this Sec:unty Instrument, Lender's npts in the Property and Borrower's
<br />obIiption to pay the sums secured by this Secunty Instrument shall continue unchllnced, Upon reinstatement by
<br />Borrower. lhts Security Instrument and the oblilltlons secured hereby shall remain fully elective as if no acceler:ltion had
<br />oc:c:urre4, However. this right to reil\$late shall not apply m thc casc of acceleration under paragraphs 13 or 17
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<br />NON.UNIFORM COVEN....NTS Borrower and Lender further covenllnt and agrcc as follows:
<br />19. AceeIeratiout; R....ua. LeIMIer Mall iii.. DOdce to BorTower prior to acceleration followilll Borrowi!r's
<br />IH'eedt of IIIl' c:omwut cw ..,.....t ia dUs Security b.la.....t 0Ntt DOt prior to acceleration under JIlU'SIRpU 13l111d 17
<br />.... appIicaWe law pro.w. odle",,"). The DOdce IlWI 1tIKiIY: (a) the default; (b) the action required to cun the
<br />MInlt; (c) a dtde. DOt .... tIIa 30 day. from tile cIate lite BOtiee is iii." to Bwrowl!r. by w.icb tile default mlllt be curecl:
<br />... Cd) tIm r.o.n to CIIR tile lIef.1t on or befon tile date spedfiecI in the notice may result ill ICCtlleration of the SlUM
<br />..... lay dUs Securtty blltrlUlle&t _ I1Ilc of the Property. The notice sIt..1 furtIMr inform Borrower of the ripl 10
<br />re:IlIItMe after acceJeradoa ... tile ript to briq I eowt actiout to UHrt the non-eltistcnce of a defalllt or lID)' otller
<br />.,... of JIorr.". to ACCiIIeradoa _11Ilc. If lite default is DOt cwed on cw before tile date specified ill tbe 1I0tiCtl. Lcn<!cr
<br />IC 1tI epdoIa ...y ,.,..... 1aatecIiat:e JIll""" ia flail 01 all _ Halrecl by this Sec:llrlt)' InstrlImellt without further
<br />....... .. _, ilIl... tIN JlGwer of I1Ilc .. MY odter ~ permitted by a",llatble !:'!"'. Leader shall be tlltitled to
<br />coIiIct aU ex,.... ~ Ie ptd'IlUllI the ~ JlfoYiMll III this parqrapb 19. including. bill nol limited to.
<br />,..uullillttor'Mys' fen ud CMtI of tUk.......
<br />If the power of MJ4l is lIl.o1l,eci, TI"tIItee .....1 record a ItOtl<< of c1efallll in each COUIII)' in which /ln~' patt Ilf IlIe
<br />~ Ie IoaIce4 an4 sblllll mall ~,,.. or ndl noticc ia tltl! _ner preterlbed by applicable Ill" 10 Borrower and to th..
<br />MMf ,.noM Jlfucrlbed b~' ..,ticaltll! I..., Atler tile 1111M required by applicable I.", Trust<< sl1all gl.e pllbllc nnt.cr ..(
<br />uM III 11M I"f'SOM Il-Rd in ~he __1If pre:,crlll<<4 III applic.ble la.., Tnntee. ...,tb"lI! rlel1l.nd fin Borr,,,o.f, .hall ,,'II.hr
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