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<br />84 - 0057!)!
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<br />If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor o!fers 10
<br />make an award or settle a claim for damages, Borrower iails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply Ihe proceeds. at its option. either to restoration or repair of the Property or
<br />to Ihe 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 principai shall not extend or
<br />postpone the due date of Ihe monthly payments referred to in paragraphs I and 2 or change the amount of such payments,
<br />10. Borrower :'Iiot Released; Forbelirlmee By Lender :'Iiot a Waiver. Extension. of the time Jor payment or
<br />modification of amortization of Ihe sums secured by this Security Instrument granted by Lender to any sul:Cessor 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 agains; any successor in interest or refuse to extend tim~Jor
<br />payment or otherwise modify amortization of the sums secured by this Security Inslrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest, Any forbearance by Lender in exercising any rightoiremedy
<br />~haH nol be a waiver of or preciude tne exercise oi any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants andagreemen~.of
<br />thIS Securily Instrument shail bind and benefit Ihe successors and assigns of Lender and Borrower, subjecttothe 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 andi:onvey
<br />that Borrowe(s interest in the Property under the terms or this Security Instrument: (b) is not personally obiigated:tO'pay
<br />the sums secured by this SecurilY 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.
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<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 ;s finally interpreted so that the interest or other loan charges collected or to becoilected in
<br />connecllon with the loan exceed the permmed limits, then: (a) an- ,~h loan charre shall be reduced by Inea!!lQunt
<br />necessary to reduce the charge to the permmed J:mll: and (bl '" .;,s already coHeo;;;"d from.Borrower which exceeded
<br />petmllled limns WIll be refundeti to Borrower. ' ::n.:er may, ,c" 10 make this refund by reducing the principa.lowed
<br />under the Note or by makmg a direct payment to Borrower. If a refund reduces principal. the r<XlucuonwiJl be treated as a
<br />partial prepayment WHhoUl any prepayment charge under the ~ote.
<br />13, Legislation Affecting Lender's Rights. If enaclmer.t or expiralion of applicable laws has Ine e1fect of
<br />rendenng any prOVISion of the ~ore or thIS Secunty Instrument unenforceable according to its lenns. Lender, at irs option,
<br />may reqUIre ,mmedlate paymel1l to full of all sums secured by thi, Security Instrument and may invoke any remedies
<br />pernlll1ed by paragraph 19. If Lender exercIses this option. Lender shall.take the steps specified in the second paragraph of
<br />paragraph 17
<br />14, ~ot1ces, .\ny nOllee to Borrower proVIded for in this Security Instrument shall be given by delivering it or by
<br />maIling n by first class mall unless applicable law requires use nf another method, The notice shall be directed to tbe
<br />Propertv Address t>r any other address Borrower desIgnates by nollce to Lender, Any notice to Lender shall be given by
<br />firsl class mal! to Lender. s address stated herem or an yother address Lender desIgnates by notice to Borrower, Any notice
<br />proVIded for m thIS Secumy Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />In thiS paragraph
<br />is, Governin!! Lnr, Sevel'llbility, ThIS Secunty Instrument shall be governed by federal law and the law of the
<br />JunsdiclIon In tvltlch the Property is located, In the event that any prOVISion or clause of this Security Instrument or the
<br />~ote conflicts WIth applicable law, such confiict shall not a!feet other proVIsions of this Security Instmment or the Note
<br />which C.1n be ~?lven e!f~! w~thcut the conflicting provlsion. To tius end the proviSIOns. of this Security Instrument and_th~
<br />7'iote .:ire declared to be severable.
<br />16, Borrower's Copy, Borrower shall be gIven one conformed copy of the NOle and of this Secunty Instrument,
<br />17, Transfer of tbe Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />mlerest m It i~ soid 0r tr:l1lsterred Ivf tf 3. [\eneficml mterest In Borrower IS soid or transferr~ and Borrower is not a natural
<br />~f";iGn J withOUt Lender's pnoi wnttcn ":Ofi5CiH. Lender ma)'. at it:. upin.m. require immediate payment in fuH of aU sums
<br />secured bv thIS s.,,;umy Instrument Howe'er, tt", opllon shall not be exercised by Lender if exercise IS prohibited by
<br />feder3.11.l\\' as. df the date l)fthl.s Secunt~' Instrument
<br />If Len<ler e~erctses thIS opm:m, Lender ,hall gIve Borrower notice of acceletation. The nOllce shall provide a period
<br />of not less than ]0 (lays from ,he date ihe notice IS dehvered or mlUted within WhIch Borrower must pay all sums secured by
<br />thIS Secuntv Instrument. If Borrower falls to pay Ihese ,urns pnor to the e,'piratlon of this penod. Lender may invoke any
<br />remedIes permuted by ihlS Secunty Instrument without funher notice or demand on Borrower,
<br />18, Borrower's Rillhtto Reinstate. If Borrower meets certam condillClns, Borrower shall have the right to have
<br />t:nfon:emcnl t'i rhls Secunty in~t(Umc:nl l.hscontmued. at ~ny time pnor to [he e:uher of: (a, 5 days lor such other peri(vj ::\5
<br />~pplicable law may 'pe.:II\ for retnS!alementl before sale of the Propeny pursuant to any power of sale contamed in thIS
<br />Secunty ins.~rumt'nt; ;Jr \bl en(fV ,.)r' J jude-ment c-nforcmg thiS Se\:Uf1t\' Instrument. Those condittons are thaI Borrower:
<br />\a) pays Lender all 'urns wl1h:h then' w()~ld be due under Ihls Secu~IlY Inslr.Jment and the NOle had no accelerauon
<br />i)CCurred: !b) ..::ures .1ny defa.uit Qf ..lny 0ther ~o\'enants ;.)f agreements: Ie) pays J.H e_'penses incurred In enforcmg lhis
<br />Sei::unty InsrrumcnL mdudmiZ. but nm lamtted to. re3~{}nabje :.utornc\'s' fee5; and (d) lakes ~uch action as Lender mav
<br />reasonably reqUIre (;) ,,-'\Sure ,-hat ,he !len t'f thos Secumy Inslrument: Lender's tights In tbe Property and Borrower'~
<br />JOhgallon :0 pay the' :>ums :-.et:'ured o~ rh!s S~unty Instrument "hail coounue unchang<<L Cpon reinstatem~n{ by
<br />Borrower. !hl~ St:1:Ufln [n~trumen{ ;Jnd the <=,blic.atlOns ~ecured hereby -.;hall remain fully effectlve a~ If no ac('ekration had
<br />i'lCCUrrea. H0""e."-~r, th"lS nght to rem~tate -s.hall n:~t J.ppiy In [he cast' ot": J...:c~i~ra{IOn unde~ paragraphs 13 or 17
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<br />NoN.lJNIFOR~ COVENANTS Borrower and Lender further covenant and agree as follows:
<br />19. AeeeierauOII; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any co_t or agJ"I!eJMDt in tbis Security Instrument (but not prior to acceleratjOft under panlll'llpbs 13 and 17
<br />..... apjIlkabIe la.. provides odterwisel. T1te notice shall specify: ,al the default; (bl the w:tion required to cure the
<br />6eIatUt: leI a date., _1_ than 30 days ffOaltbe date the notice is gi.en to Borrower, by which the defaull must be curedt
<br />... iID tbat fWlltl'll tn cure the default on or before the date specified in tbe notice may result in acceleration <If tbe sum.
<br />........ lly tllil SKltrifJ I~ uol We of the Property. The notice shall furtber inform Borrower of the right to
<br />reiMtlWI after ~tioa aad the ritlIt to brina a court action to _ the non-existence of a default nr any other
<br />....-- or Bormwerto iICUlerUicla ud sale. If the default is !lOt cured on or before tbe date specified In tbe notice. Lender
<br />at its opdoa .., I'fIlIlW'e illUlled.late paymeat in full of all SlUM !IeCured by this Security Instrument without further
<br />~ -=t :=y [=~ ~ vo-... of M1c Mid _)" "dief fi:iimliti pwmittid by applk,ble laW. I..e-ndcl shall be entitled to
<br />coUld all n..- i~ ill ptIl'SIliaa I'" l'etM"iies pl't).,1cIed in this parqno.ph 19. includina, but not limited tn.
<br />~11l'..1I1. ~; ,_ atod eosu of title <"'idea<<.
<br />If tile power <)f Ale is i..oked. Trusae. sltaIl NlCOf'd . notic<! of d~f.ult in eaeb t'ounty in wbicb any pact \If tho
<br />~ illoaltelt ud JIbaU mai.l cotMa <>f __ notice i. 1M maa...". pre$C1'iMd by applicable illW to Borrower and to the
<br /><>doer ___ ptti\e1'iliold by ~ '-'". After tM ti_ rtl<!Uirt!d by applic:sble I..., Tru~tl!t' shall it"" publiC notice ,;i
<br />~ ~c ~_ ~'"aa;:;d m: t= ====-.r ~-1bed b)" a~eab~ !-9~-. r!"~t~, wttnO\lf ni!ntl1.n.d on Ilt.rro","e'r. ~.haH sdl Uw
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