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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 setlle a claIm for damages, Borrower fails to respond to Lender within 30 days afler 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 Ihis Security Instrument, whether or not then due,
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds 10 principal shall not extend or
<br />postpone the due date of the monthly paymenls referred to in paragraphs I and 2 or change the amount of such payments,
<br />10, Borrower :'Iiot Released; Forbearance By Lender ;'Iiot a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Inslrument granled by Lender to any successor in
<br />inleresl of Borrower shali not operate to release the liabIlity of the original Borrower or Borrower's SU('sessors in interest,
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or olherwise 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 inlerest, Any IOrbearance by Lender in exercising any right or 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-signel'5. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject 10 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 nO! execute the Note: (a) is co-signing this Security Instrument only to mortgage. grant and convey
<br />that Borrower's interesl in the Property under the terms of this Security Instrument; (b) is not personally obligated to 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 wllh regard to Ihe terms of this Security Instrument or Ihe Note without
<br />that Borrower's consent,
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permilled limits, then: (a) any such loan charge shall be reduced by theamoum
<br />necessary to reduce the charge to the permilled 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 reduces principal. the reduction will be treated as a
<br />panial prepayment without any prepayment charge under the Note,
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendenng any proviSIOn of the Note or this Security Instrument unenforceable according to its terms, Lender. at its option,
<br />may reqUlre immediate payment in full of all sums secured by rh; ~~urity Instrument and may invoke any remedies
<br />permltled by paragraph 19, If Lender exercises thIS opnon. Ler:' ',r ~; ,~..,take the StE j specified in the second paragraph of
<br />paragraph 17,
<br />14, :"Iotices. Any nonce to Borrower provlded for in this Security Instrument shall be given by delivering it or by
<br />mailing It by first class mail unless applicable law requires USe of another method, The notice shall be dir.lCted to the
<br />Property Address or any other address Borrower designates by notice to Lender, Any notice to Lender shall be given by
<br />first class mall to Lender's address sl:lted herem or any other :lddress Lender designates by notice to Borrower, Any notice
<br />provided for in thiS Secunty Instrument shall be deemed to have been given 10 Borrower or Lender when given as provided
<br />10 thIS paragraph,
<br />15, Governing Law: Severability. This Security Inslrument shall be governed by federal law and the law of the
<br />JUrisdictIOn In which the Property IS located. In the event that :lny provision or clause of this Security Instrument or the
<br />Note conflicts wah :lpplicabIe law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />whIch C:ln be given effect without the conflictmg provision, To this 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 Security Instrument,
<br />Ii. Transfer of Ihe Property or a Beneficial Interest in Borrower. If all or any part of the Propeny or any
<br />Interest In It IS sold or tr:lnsferred (or If a benefiCIal interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) wllhout Lender's pnor wrlllen ccmsent, Lender may, at its opnon, require immedIate paymenl in full of all sums
<br />secured by thIS Secunt~ Instrument. However, thIS oplion shall not be e,\erclsed by Lender if exercise is prohibited by
<br />f~der;jl iaw as 'Jf tht: date l.)f thIS S~cunty Instrument.
<br />If Lender eumses thIS Gpuon, lender shall gIYe Borrower notice of acceleration, The notice shall provide a period
<br />of nOI less than "0 days from the dale Ihe nOllce IS delivered or maIled within which Borrower m!;SI pay all sums secured by
<br />IhlS Secunty instrument. If Borrower faIls 10 pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedIes permllted bv Ihls Secumv Instrument Without further notIce or demand all Borrower.
<br />18, Borrower;s Right to R~instate, If Borrower meets certain cOlldillons. Borrower shall have the righlto have
<br />enforcemenl pf Ihls Secunt\ Instrument d,sconllnued at :lilY lime pClor to the earlier of: (a) 5 days (or such other period as
<br />applicable law may 'peclfy for reinstalement) before ,ale of the Property pursuant to any power of sale contained in this
<br />Se:.:urH~ l~Jtrum>:nt: .X (0) ~n{ry ,)f J. .Judgment ;:nion:mg thIS ~~urity Instrument Those conditions are {har Borrower:
<br />\:l) pays Lender all ,urns ",hlcn then would be due under thIS Securily Instrument and the Note had no acceleration
<br />c>ccurred; Ibl cures any default l,f .HlV vther co\enants or agr~ements; (c) pays all expenses Incurred in enforcing this
<br />~CUfll~ Instrumelll. mcludlng, but not Itmlled to, reasonable attorneys' fees; and (d) takes such action :lS Lender may
<br />reasonably requIre II) assure ;hat the hen of Ihls Secunt~ Instrument, Lender's rights in Ihe Property and Borro...er's
<br />\..1bhgaltOfi to pay rhe ~ums ~ecured by thl~ SecurIty Instrument shaH contmue unchanged. Upon reinstatement by
<br />OOfh""'"CL dn:" Se-...:tl<lt: jn~lJUmCfn ..lIui the {..,bilg<.1lIUU::' :-'C'LlHCU hCfCb~' ::,hali fcHi..iiii. l'uHy dfC"";li\~.:iS ~f(jG a~c(-kr;J.tiGii ha.d
<br />\xcurreG_ Ho\\c\~r, :hb nght to reJn~tatt: shali nt..)[ :.lppl~ !!1 the ...:ase of :.il.xdcraoon under parag.raphs 13 or 17
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<br />~ON-l':o.;lfORM COVENA:-.iTS Borrower and Lender further covenant and agree as follows:
<br />19. Accelenotion; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs IJ and 17
<br />unless applicable taw provides otherwise), The notice shall specify: (a) the default; (b) the actioll required to cure the
<br />default; tc) a date. not less thu 30 days from the date the notice is given to Borrower. by which the default must b", cured:
<br />and (dl that failure to cllre the default on or before the date specified in the notice may result in acceleration of the sums
<br />secllreCl by tbis Security Instrument and sale of the Propeny. The notice shaH further inform Horrower of Ihe right to
<br />r..instate alter acceleration and the right to bring a court action to assen the non-uistence of a default or any other
<br />def_ of Borrower to acceleration and sale. If the default is not cured on or before the date specified In the notice. Lender
<br />II! its option nlliIY require immedate payment in full of all sums SHured by this Security' Instrument ...ithout further
<br />dealand !lAd may invok.e the IK'wer of sale and any other remedies permitted by applicable law, Lender shaH be entitled to
<br />collect all upe_ incurred in pursuing tbe remedies provided in thiS parallTllph 19. including. hut not limited to,
<br />,_nable attorneys' fees and C()!its 0' title ..iden..,
<br />If the: oo.-e-r of salt' ~s in'Vok~~ Trustee shaU (Kurd a nOlict;" Ilf IJ~fll~~H in ('~ch CI)!!!H" ~~ Whll:"h an",- pllrt of fhe
<br />Property is locato:d and shall nutd cop.." uf SIKh notice In the mann.., p,..""ribed by "pplicahle ill.. to Ilorro..... "nd to th.,
<br />~ft~f ~~-n~ ;:rt'..M:ri~d h] ~PvU(:t;hi~ l.~, ,,\flvf thii7 tim~ required h, appHeilbi... La..... rru~it'~ ~haU gi-,:e pub1ii:: nOlin' .A
<br />\4~t: !o the poeno-n., and ~n rh'C' manner pre-scribed b) d.ppHcabit taw, Tfu~tt"t~. "'-Ithuut deOhtnd im Hnrro!j>t;\'f. ...hail ~dl thi::
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