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<br />84 - 004421
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<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 ciaim for damages, Borrower fads to respond to Lender within 30 days after the date th~ 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 pnncipal 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 :'Iiot Relell5ed; Forbearance By Lender :'<lot 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 in interest or refuse to extend time for
<br />pay~entor ot,h,':rwise modifx amortiz,ation of the sumssecure~ by ~hl~ SecuritY,In~tru,?ent by reason ofanydemandma~e
<br />oy me angmai norrower Of oonower S successors H1 ifjl'ere-~L A.n)' fOrbearanCe oy Lenoer In exerclsmg any nght or fe-meay
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />II. 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 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 Secunty Instrument: and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodatlons with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Lnarees. If the loan secured bv this Securitv Instrument is subiect to a law which sets maximum loan
<br />charges, and that law ~is !inaUy Interpreted so that the Inter~st or other loan c'harges collected or to be collected in
<br />connection with the loan exceed the permItted I1mlts, then: (a) any such loan charge shall be reduced by the amount
<br />necessarv to reduce the charge to the DermItted I1mlt; and (b) any sums alreadv collected from Borrower which exceeded
<br />permItted limits wlil be refu;;ded to Borrower Lender may cho;'se to m"~e this refund by reducing the principal owed
<br />under the :'lime or by making a dtrect payment to Borrower. rfa refund ,od' ;es 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 e,<plration of applicable laws has the effecl of
<br />rendenng any prOVISIon of the Note or thiS Secunty Instrument unenforceable 3ccording to its terms. Lender, at its option.
<br />may reqUire ImmedIate payment In iull of all sums secured by this Secunty Instrument and may invoke any remedies
<br />permItted by paragraph 19 If Lender exerClSes this option, Lender shall.take the steps specified in the second paragraph of
<br />paragraph 17
<br />14. :'Iiotices, Any notice to Borrower prOVIded for In this Secunty Instrument shall be gjv~n by delivering it or by
<br />malimg it by !if't class mall unkss appl1cable law reqUires use of another method, The notice shall be directed 10 the
<br />Property Addre" ,'r any other address Borrower deSignates by notice to Lender. Any notice to Lender shall be given by
<br />t1rsr c13.ss mall 10 Lender's address ~ta[ed herem or any other address Lender deSignates by notice to Borrower. Any notice
<br />proVIded for m !hlS Secunty Instrument shall be deemed to have been gIven to Borrower or Lender when given as provided
<br />In [hIS paragraph
<br />15, Go,'erning Law; Severability, ThIS Secunty Instrument shall be governed by federal law and the law of the
<br />junsdic(Jon m whIch the Property IS located. In the event that any provlslon or clause of this Securlty Instrument or the
<br />~ote ;.::ontllcts with 3pphcabie iaw. such conflIct 'Ihail not affect other proVlsions of this Security Instrument or the Note
<br />\\I'hKn J...'an tx gl\en effect without the conflicting prOVIsion, To thIS end the prOVIsIOns of this Security Instrument and the
<br />~()te are dedared [0 be scH:rable.
<br />16. Borrower's Copy. Borrower shall be gIven :..me ~onforrned copy of the Note and of this Security Instrument.
<br />17, Transfer of the Propert)' or a Beneficial lnlerest in Borrower, If all or any part of the Property or any
<br />Interest In it IS sold ()r ;:r;.m~ferred i0r If a benericlal Interest in Borrower IS sold or transferred and Borrower IS not a natural
<br />person) \IoItih.JUt Lender's pnor written (onsent. Lender may. at H:':. uptlon. require Immediate payment in full of all Slims
<br />secured by thIS So.:unty Instrument. Ho\\'ever. thiS orBon shall not be ~x.ercIsed by lender If exercise is prohibited by
<br />federalla\\ J::> of [he Ja[t: ~)I thiS SC"::UfHY instrument.
<br />If L~nder t;'-.\e-fCISCS thiS ,,'phon. L~nJer 'ihaJl gl....c Borrower llt)t1l2"e ~lf accdcrallon. The notice shall provide a period
<br />of nor It::'>~ than .,0 da)~ from the Jat~ the 110[I\:e I::) dt..'"i1vt'red or matied WUhl0 which Born)wa must pay all sums secured by
<br />thiS SecurH! Instrument. If Borrower falls It,) pay these sums pnl)r to the explratH.m of thIS perIod, Lender may invoke any
<br />remedies permitted by th:~ Sel.:unt) Instrument without further nOlh:c or Jemand uf! Borrower.
<br />18. Rorru'Aer's Right to Reinstste. If Horrnwcr meets (crlalll ":l)fl\.ittlOns, Borrower shall ha\e the nght to ha\t'
<br />cnf'')f("cmcnl ,,"!-Ithb ~C1.:Uni~ Instrument Ji~Cl){1t1nucd.H an~ tllne pnor to the earlier of. (a) 5 days (or such other penod o.l:.-
<br />...ipphc..lblc lJ.~ 01.1:- :,p~...:ify fL'I r-;:in':;latcm":ilt ~ bcfor-.: :lJ.k ~)f the Proper!)- pur:-,uant t~) any I.....,..\'.:r of sale ..:ontaln~d In thl'-
<br />SC(Ufl[: In::.rrumc:nt. ,--'f ,bl ('fur!" \.~f a jUdgmeni cn(nfl.:lng thl~ Securlly In..,tfumenr. Those conditions Jrc that Bornw..ef
<br />(a) pay~ lenJer all 'Iurns \.\hi..::h then \~l)UJJ he Jut' under dll~ SeLunr:v ln~trum~llt and {he Note hau no Jccderauun
<br />!.J...:-.:urreJ. Ib.J ..:ure~ ~m) ,.ie-faU!l ,)f any ,Hher ~\,ll,-:nanh ,)f .lgr.-:emenb. IC) ray~ all c\pensc:':l incurred l!'l enforclIlg thi'l
<br />SecurH: In~trum~nL mdudmg, but ilut lIf1Htc:l.1 t,,). rea~unab!~ ..luGrneys' fe'es. J.nd IJ) L.lkC's such acUon ,1S L::ndt'f mil:
<br />reasonably reqUire [;) ~1~S.ure ~hi.H the hen c1t' thl:-. ~c:-<.:urH! ~nstrumc::nt. Lender''I flgh{~ 111 lht.' Prt'pert~ and f:hHTn\\t'f.~
<br />0bligaoon lL) p.ay lhe "urns "t:CUfeJ. ~) !hh So..:urlt: In~t:"urnt.:n[ ...h~lJl ....'ullllllue ulh.::hJ.nged l.r(}fl rC'lf1~tJ(t..'merH h
<br />Borro\l,t'[, lni:-' 5cc~;-:{~ rll~trume-ll~ ~HlJ tht: ,.)!:1il~~ltl\)rh '-c...:ureu ht:;t.'b~ ....hail ren1,-l.ln ;"ullJ t.'rfccr1\~..l~ J!'nu ~1(':t.'krJ.(;un ~~a~
<br />,)..::....U(ft:J Hi.'mc\ cr. :l":.h Ilgh: tv rCHl:-r~1tt' "hdli nut Jppl~ 'r1 [he ":.be.. ,( ..h.......dt.'l J.lhHl :Jlh.lt.'l" P,ll ,i~r.jphs :.~ ,', ]"
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<br />Sos. Li:--;lFOR~1 COVE:"oiA.;-":TS Borrower and Lender runher "':-OVt:nam J.nd ;jgrec J..~ fl)UOWS
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<br />19. Acceleration; Remedies. Lender shall give notice to Borrow~r priur to acceleration fullowing Burrow~r'\
<br />breach of any covenant or agreement in this Securit.,.- Instrument ibut nOl prior to acceleration under paragraphs 13 and 1 ~
<br />unless applicable law provides otherwise), Tbe notice shail specify; la) the derau1t: ,bl the "ction required to ,'ure the
<br />default; te) a date, not jess than 30 da)'-s from thi; date the notice is given to Borrower, b}' which tht;~ default mu~t be cun.'d:
<br />and id) that failure to cure the default on or before the date specified ill the notice may result in "ccder.tion of the ,Ulll'
<br />secured by this Security Instrument and sale of tbe Property, The notice shall further inform Borrower of the n~ht tn
<br />reinstate after acceleration and the right to bring a court action to assert the non~t.'x.istenct' of a default \lr an) 'Hher
<br />defense of Borrower to acceleration and sale. If tbe derault is not cured on or before the date specified in the Ilotice, l.,'nder
<br />at its option may require immediate payment in full of all sums secured b)' this Securit) Instntment withoul furth,"
<br />demand and may invoke the power of sale and any otb.. remedies permilled by applicable law, h'nder ,hall b,' entitled !U
<br />colle<:t all expenses incurred in pursuing tbe remedies pro.ided in tbis paragraph 19, lI1c1udin~, hut nu, limited tu,
<br />reasonable attorneys' ree, and costs of title evidence,
<br />If [he power of sal~ is invoked, Trustee shall recurd a notke of default In t'<lCh count) In 'l\-fudl .HI) pan llf the
<br />Property is l~ate-d and shall mail copies of such notice in the manner prescribed b~ .Ipp!icubit' la~. 10 HtH n1\H.'f .dud. to thl'
<br />other pcooon:s prescribed by applicable la~. After the time required by applicable- law, Tru~h>-t~ ...hail ~l"l' pubit( rltHi('~ \If
<br />lalt to the persons and if) the manner pre-scriht:d h) applicable \a~- Tru,sh't'. \~ithnut demand i}n BOI r"'Hf. ..h,~Jl ,..,Ii (he
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