|
<br />I
<br />
<br />84,~ 004381
<br />
<br />r-
<br />I
<br />
<br />If the Property is abandonw by Borrower, or if, after notice by Lender [0 Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails 10 respond 10 Lender within 30 days after Ihe date Ihe notice is
<br />given, Lender is aurhorized to collect and apply the proceeds, at lIs oplion, eilherto reslOration or repair of the Pro~rtyor
<br />to the sums secured by this Security Instrument. ~vbether or not then due.
<br />Unless Lender and Borrower olherwise agree in writing, any applicalion of proceeds 10 principal shall nOlextendor
<br />postpon~ the due date of the monthly payments referred to in paragraphs 1 and 2 Or change the amount_ofS-lich:paytrients~
<br />iO. Borrower :"<01 Released; Forbearance By Lender Not a Waiver, Extension ofthetime for paymenCor
<br />modification of amortization of Ihe sums secured by this Security Instrument granted by Lender to anysuccesSotin
<br />interesl of Borrower shall nOI opera Ie to release Ihe liability of the original Borrower or Borrower's succesSors in interest. .
<br />Lender shall nol be required 10 commence proceedings againsl any successor in inlerest or refuse 10 extendtimef6r
<br />payment or othenvlse modify amortization of the sums secured by this Security Instrument by reason of a..'i:y-de[ri..a..;q-:m~de
<br />by t he original Borrower or Borrower', successors 10 interest. Any forbearance by Lender in exercising any right or remedy
<br />shall nOI be a waiver of or preclude the exerCIse of any righl or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreemenlsof
<br />thIS Securily Instrument shaJj bind and benefit lhe successors and assigns of Lender and Borrower, subject to Ihe provisions
<br />of paragraph 17 Borrower's covenants and agreements shall be joint and several. Any Borrower who co'sign.s Ihis Securily
<br />InSlrument bU! does nol exeCUle the Note; (a) IS co-signing Ihis Security Instrument only 10 mortgage, granland convey
<br />that Borrower's JOteresl JO the Property under Ihe lerms of this Securily Instrument; (b) is nol personallyobIigaled to pay
<br />the sums secured b\' this Secunty Instrument; and Ic) agrees that Lender and any other Borrower may agree to extend.
<br />modify, forbe-ar Of make any :lccommodations wnh regard to th~ tenns of this Security Instrument or the Note without
<br />that Borrower's. consent
<br />12. L.nan Charges. if lhe tt)an secured by I,his Security instrument is .subje-.:t to a law which sets maximum loan
<br />charges. and that law is finally Interpreted <;.t) that the mterest or other loan charges collected or to be collected in
<br />~onnectlon with the loan C':c:ceed Ihe permated limns, then: (a) any such loan charge- shall be reduced by the amount
<br />necessary to reduce the ~harge to rhe permmed I1mH; and Ib) any sums already collecled from Borrower which exceeded
<br />pemllned limns wll! be refunded !a- Borrower Lender may choose to make this refund by reducing the principal ,owed
<br />under the \lote or by makm.g;1 dIrect payment to Borrower. If a refund red !":s principal. the reduction will be treated as a
<br />par!lal prepayment Without J.n~ prepaymenr L:h:'\rge under :he Note.
<br />13. Le~slat1on Affecting Lender's Righ(s. !1 enactmen: explrJ.uon of applicable iaws has the effect of
<br />renderIng ;:my prmnslOn nf the: ~n[e ~)r thIS SecuflIY Instrument unenforceable according [0 Its terms. Lender. at its option,
<br />may reqU1re lmmedt3t~ payment m full of ~iii sums ....ecured by thl~ Secunty lnstrument and may invoke any remedies
<br />permHted by parJgraph ; Q If L-=nder ~xerCI:,:>e'S thIS ppoon. Lender shaH.take ih~ sreps speclfied in the 'lecond paragraph of
<br />paragraph 1-
<br />14, ~otices. '\ny notKe to Borrower prOVided for In thiS Secunty Instrument shall be given by delivering ir or by
<br />mailmg 1! by first ..:;ass ~:latl '.H1!t..';-i';. .lpplic;J.blt' LJW r~qUln:'i 1l:S~ {~f anoth~r method. The nonce ~hall be directed to the
<br />Propeny -\ddrc~, (ir :in\ ..''(her Jddre'l~ Borr~'wer desq~natC's by notlcc to Lender ,...\ny nL'{1Ce to Lender shall be given by
<br />rir~t dass rnad h1 Lt;rHje-r.~ Jadres\ \l.,ilc-l1 herem ,)f :mv (ltner Judn.~~ LenGer deSIgnates hy n0t!ce to BorroweL Any notice
<br />prO''o"lded for in :t-us Sccunl) 1 ~:~{rumenr "nail he Je:cmeJ hi ha..e bec-n gtv~n to Borrowc:r or l.t:nder \\.heI1 given as prOVIded
<br />In thl~ raragr:iph
<br />i5. (;on~rntn!Jt Law: St:H~rabHit),. rhl:->. SC''';UfllV InstrurnerH ~haU ht' governed by fet.kral hlW and th~ law of the
<br />)ufl;,(h..:-tWll m ',\h:(;h ~he' Property ,';. i(x:~tel.l In tht tVe!H !hat :my pfl.J\'!Sirm IJr daust~ of thiS Secufuy Instrument or the
<br />'\,.Hc ~onl1\~:!S wah J.ppiICJbir: ;:.1\\;. -'l:ch c..-'nflh.:t \had nllt ;.dt"e-..:t (ittlt:'f rrOVi~IGn~ l)t" ItHS Secufuy insuum~nt Qf the NOle
<br />wl1li..:h (an be .';l\t'n c-lfe-....! .~tltwu: 1hc ."','nflKtm~ p,..)\-l'-Hm r~, IhiS end the ;,rOq:':liOn~ l)f thl~ S~unty Instrumenl and the
<br />~ote ;.in: tit:~iafni {;.) be ,:e-"crahk
<br />16. Borr()wt"r''i C.)py. fk:-ff,'W('! ,hail ht" gn.c11 '.'lIe -.."\)llft!rmcJ ~lIpy ,If Iht" ~nk and of rhl~ St':~urHY Instrument.
<br />17. Tran.ster ~!f the Pr(!~rty <If :J Hendicial lntere::,t HI Horrmn~r, IJ ail \.~r .lny rart of the: Property (1r any
<br />mten.':-.t ;n :t ;~ ~,Jld. ~'f 11 J.D:,ferrtd ~ ,_'r ~~: ~-i t"'-cnt.'jlcbi ml.crc~l. in Bono,,"cr I'" ..,i)Jd ','f irj.n~tared and Borro"",,er 1:-. nul a nawral
<br />pcr:-'l..lHI ,-",d,'A.! L..'nl.3t:r"" ~'rh:;r \.;.,.,,':n ~',-'n',.:m. L~l~t.k! !!l.t)-...H !h ',~rt!nn. ;~qUlrt: mlmc\..kl1~ p~tymcnt lfl ruB ~)f ail sum~
<br />
<br />;;~~::~~~ _~:1~.~(~~~L:1l~;~ ~':IJ?;~~~.~~~:,li~~!~i~;~\~~;~:n~::;~ ,1rH~pn ~h;il; !hlt r~e ('\fcll.<IScU tl~ LenJt:f d' c\t'i"(l:.t: l" p.ulllbneti Dy
<br />
<br />if Lcn0er c_\.<:IL'':-C:-' ;hl:> '.T(h.'fl. L.~:nu,"': "'full ~1.'C nnn()\>.~f n\l{!\"~ d- ~h.'..:!;'kr.:itlnn The lH){I':C ~hall prfl\:Je a periOD
<br />.)1' nOl k.~~ than .i(\ IJ.l~'" (r~\m :ht: ":.Ht:' {he ndl\.:e \'" "':t'i1\creJ d ntd.lIt'o ....ltnil1 Whl1.:h BOf lO\\t:! mu:-.t pJ.~ ..1[1 "urn, ~e(:ur('d 'toy
<br />thIS Sel.:un!~ in~{rumcni i! B.:-rri..\'<.\>Cf (jlh ~\.\ pd.~ lh-6c 'U{11~ ~"nor in tbe t:\rnralH,n d' thh p<:rKoJ, Lcnd..:r m..l~ ll\\ooke any
<br />rC'f11<,jh;,~:'o f,,<rnHttt'"iJ t'~ :rll~ :-:;'c... unt... I n.,u l.Jill~n! \\, I! hl}Ul fun lIef !\u{l(c df dcm.HlJ (_'0 lk~rrq"~f
<br />18. llorro\4~r''i Ri~ht tu Rein~ta(e. If Bt)l'f,')\l,-':f :-tIn.'!'> ....;::rlaw ..:,lfldl!iI'n:-., Ht.H,,'\l,-{'r ,hJll h,l\-t.' the f!ght hI b;J\~
<br />~..'l:!r~!";.:~:-:';~:~: ,': ; h: '> ";t"":~l~: 1 \ ! ~~ ~~ ~ '..:~!:t:";l: '-~!~'..:' '!1 ~ \ r u<_ \~ ~ '. ~! !n..: r I !'.'~ :" ~ f~,_. ,-' J I \H,'r ,,( ~ ,\1 " d.l::'" (, H ....HI..
<br /> h ,1! hl.:"f ['~{ 1\ ld cl-.,
<br />~pplh.."Jbl~ i,j\\, :nu~ \~)t:dl:,. :-<'if' :<..'lC~LH~m~:H I t~t'j'-..'!t ';iit: l!li::.. PI\;pen~ l"UhUJ.lit h., ;iJl~ po\\t.'r dl ~.:dc .....(.,f,ltJllled !I\ rhl'
<br />:x:...':..H\t~ In:-.:1U:n~tj\ 'j if', <:';1:;-\. .'f ,). ;Hj!?:n~;"l. ~'c;!<.'!"~;n~ :~\h ~j::,-urq:, ,'hUuilltfH. I hu,>(.' ....:,'fhJI[Il-'ll~ ....Ire tiut BOrn_l\\'Cf
<br />tal r.rys. L-'-lllkr .In \.JBh \\hi('h :hen \"l).~lk2 ':"\t' JUt:: Jnu~(' ;[H\ "'~dlr;l! l;hirumcH{ .1lll..1 the: ~otc had f1\" I..h..:..:clcfJ.llU!l
<br />,x~urreJ, ~j ~'0rt'~ ,Hi::, u("f3U;it ...j :In: .-,!hcr ~.,;',er,an::-.- .'i ,~!;rr:t:lllt'nb.. ".;) ;';j:':'> .:~l c"\pt,'il~C~ ;rJ.....urr,'d !il L:'nf\\fTHlg lh.....
<br />~(,;arJ[~ In"aurne'flL ;n....;u;Jing, ~.\t;i n,:'l :iln::.......1 :,), ft:.-;.1~....'!l.1{)k .Hh-.,rl\c:...' ':.:e~, Jnu l...Jj t;d,..r.;.'l \lh;;l J.....lhlfl ,h [endcr :n.,:
<br />
<br />~~~:~::~~:t ,'~~~~~r ~ri~.~ :1:~~:.: ~~~t\~.';~~ ~t;:l. :'~'l(~ ! ~~: :i~~~lr~\~~/':~l~~~~:l!ie:;;;it '(~;~~:l~:;l'U::~l~)r~~ ~'iii~~t~l iJ;P~:~':\~:~;';:;:~lal;l~)!~;~::: ~~.\~
<br />
<br />Rorrl:n,cr. :hr;, ~c-:..:-.:n;:~ !rb\~l.H!it::ll .l!lil ::It: ~'t~\lt:Jt!I..;n., ,<:-..:.;c:j :1t'; _..(,\ ..11.1;, ",'iLliil ;."i,., ,-!r~\..':;\c..h;i .k,.::;;lt:j"~lii,Hl ! ..Ill
<br />
<br />. '",:cufrt';l. I-L-mnc :~l:\ ,;~h1 ~,; ~1.';n::.Utt~ '~.i,;
<br />
<br />.j;Tj~ ~l ~~\c ....;1'>:.' [,L.~t.';l..'f.l\~,jll ',~i de! p.i:.i);!!."!( ~b : :
<br />
<br />L
<br />
<br />~O"L,".;U-OR.\-i C(.I\.E.~A~TS. Borrower -J:no LenJa furthet ":l)\.<:na111 JHJ J.grec.l~ ("-,Ilt',, ',.
<br />
<br />19, Acceleration; Remedies. Lender shall give notice to Horrower prior tu acceleratiun fol1o'-' 111~ B{)nower's
<br />breach of an)" covenant or agreement In this Security Instrumc:nt l.hut not prior to Jc\'cJt:rauon under para~rdph~ I J and 1 ~
<br />unless. applicabJte law provides otherwisel. The notice shaH specify: ial the default; ib) th~ Jcthm r~..quircd to cure tht'
<br />default; tC) a. date. not iess toan Jij days frum ib~ o..;iHe the uvtke is ~"'en tG Bo!'n~~er. b} K'hich the default ntU)t be ~un.'d;
<br />and (d) tbat failu.re to cu.re the defauh on or before the date :!,pt:dfied in the notlet'. ma)" result in accdcratioll of the ~um~
<br />secllted by this Security IOSlrumtnt and sale of tbe Propert), rbe "otice shall rurther inform Borrower of the n~ht to
<br />rtiutatc alter a(t:'"c!t.ratioll and the riKht to bring a court aCllon to l.\SScrt the non~t.'\:.is(ence IIi :.\ default \H an) Mtwr
<br />c!eCeD$e oC Borruwer 10 &<:celeratiullaod sal., If the default is 1I0t cured on or before the date Sll"'"tied io the notKe, I elide I'
<br />.1 its "plion may require immediate pa)'menl ill full of all sunu secun>d b) IhlS SeCUril) Instrument Wlthoul further
<br />demand and _)' inv<lke tbe power of sale and any "Iber remedies permitled by applicable law, I ender shall he eotitled to
<br />collect all upt~ "'curred in punulnll the remedies provided in thIS p..ralOl'aph 19, indutlinll. hill I",t limlled tn,
<br />r~...unabi. altorneJl' lees and CMU or tide .vidence,
<br />If tk p(,l'wer uf ,,"f h in,okcd. Tru~'t:c sh-aH re..:ord a notice of default in -\;~ach (tlunt) in \\;hidl ,my part llf tht:
<br />Property it located and shaH mail ('UP4f..,'S of sueb nudet: U1 tbe mann.(f prc~(nbed b) .applicable La~ to HVfr'i./l4'-U ~"1nd to tht'
<br />ather portWC\!i Pffl.Cribtd b)' appUeabie law, "ft~f tht: time required b} +\lJptkabic ill",. Tnl~H"t: \h.ltH ~l)t.' puhlic l1\Hu..'t.' (,(
<br />'t-I.J-t to tht p<not\.). and in t.he manUt<f prcs(;ribt:'d be) ~1pplk'ilbh; haw. TtlJ.!l{t;\', 14ithtH.H \jl~mu.n<i l'fl BOH1)~t"r, ..h~.lIl ,.di illl'
<br />
|