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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 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 10 principal shall nOI extend or
<br />postpone the due date of the monlhly payments referred to in paragraphs I and 2 or change the amount of such payments,
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. EXlension 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 liabilily of the original Borrower or Borrower's successors ininteresr.
<br />Lender shall not be required to commence proceedings againsl 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 rightor-remedy
<br />shall not be 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 benefitlhe successors and assigns of Lender and Borrower, subject to Iheprovisions
<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 Instrumenl; (b) is not personally obligatedlo.pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree 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 />12. Loan Charges. If the loan secured by Ihis Security Inslrument is subject to a law which sets maximum loan
<br />charges, and that law is finally inlerpreted 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 amount
<br />necessary to reduce the charge to the permitted limit; and (b) any 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 Note or by making a direct payment to Borrower, If a refund red .'es pnncipal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge und,:r the Nore
<br />13, Legislation Affecting Lender's R;ghts, If enactm or expiration of applicable laws has the effect of
<br />rendering any provision of ihe NOIe or [his Security instrument unenforceable accordhlg iO its terms._ Lc:ndet. at ii$ uption.
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall, take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14, Notices, Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />matling it by first class mail unless applicable law requires use of another method, The notice shall be directed to the
<br />Property Address or any or her address Borrower designates by notice to Lender, Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender design ales by nolice to Borrower. Any notice
<br />provided for in this Secumy Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />IS, Governing Law; Severability, This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located, In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrumenl or the NOle
<br />which can be given effect without the conflicting provision. To [his end the provisions of this Security instrument and the
<br />Note are declared to be severable,
<br />16, Borrower's Copy, Borrower shall be given one conformed copy of the Note and of this Securiry Instrument.
<br />17, Transfer of the Property or a Beneficial Interest in Borrower, If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consem, Lender may, at its option, require immediate paymenl 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 Security Instrument.
<br />If Lender e,erclses this option, Lender shall give Borrower notice of acceleration. 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 Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />18, Borrower's Right 10 Reinstate, If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of thiS Security Instrument disconllnued at any time prior to the earlier of: (a) 5 days (or such other period as
<br />apphcable law may specify for reInstatement) before sale of the Property pursuant to any power of sale l'ontained in this
<br />Security Instrument; or (b) entry of a judgment enforCIng this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under thts Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements: (c) pays all e'penses incurred in enforcing this
<br />Security Instrument, Including, but not limned to, reasonable attorneys' fees; and (d) takes such action as Lender may
<br />reasonably reqUire to assure that the !ten of thIS Security Instrument, Lender's nghts in the Property and Borrower's
<br />obligation to pay the s.ums secured by [hiS Secunty Instrument shall continue unchanged. Upon reinstatement bj
<br />Borrower, this Secunt\ Instrument and the l)bliguuons secured hereby s.hall remam fullv effective as if no acceleration had
<br />occurred. Howe\er. this right to reim.tale shall n~t apply In the case i.iaccckra[ion ulldc.r paragraphs!.3 or 17
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<br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
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<br />19, Acceleration; Remedies, Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breacit of any covenant or agreement in this Security instrument (but not prior to acceleration under paragraphs 13 and 17
<br />unless applicable law provides otberwise). Tbe notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured:
<br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br />secured by this Security Instrument and sale of tbe Property, The notice shall further inform Borrower of the right to
<br />reinstate 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 sale. If tbe default is not cured on or before the date specified in the notice, Lender
<br />at its option may require immediate payment in full of all sums secured by tbis Security Instrument without further
<br />demand and may invoke the power of sale and any other remedies permitted by applicable law, Lender shall he entitled to
<br />coiled all expenses incurred in pursuing the remedies provided in tbis paragraph 19, including, hut not limited to,
<br />reasonable attorne)'s' fees and costs of title evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in whieh any part ur the
<br />PToperty is located and shall mail copies of such notice in the manner prescribed hy applicahle law to norrower and to the
<br />other persons prescribed by applicable law, After the time required by applicable law, Trustee shall give public n(ltke "r
<br />sale to tbe persons and in tbe manner prescribed by applicable law. Trustce, without demllnd "n Borrower, ,tutll ,ell the
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