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<br />8tf~006193
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<br />If Ite Property IS abandoned by Borrower. or If, after nOll"e by lender to Borrower that the condemnor otIers to
<br />make an a\\ard or settle acJalm for damages, Borrower fails to respond to lender wlthlll 30 dotys after the dare rhe notice is
<br />given, Lencer is authorized to collect and apply thc'proceeds, at ItS option, either to res{Orallon or repaIr of the Property or
<br />to the sums secured bv this s.--...curity !ns-trument~ whe[her or nul Ihl;O due::.
<br />Uni~ Lc:nde; and Borrower other*ise: agree in wrinng. any ~ppi1cauon of proceeds to principal shall nor ~xtend or
<br />postpone tt.e due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments,
<br />10. Borrower Not Releaseu; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Secumy Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liabIlity of the onginal Borrower or Borrower'" successors III lIlteresL
<br />Lender sllldl not be required to commence proceedings agamst any successor in mterest or refuse 10 extend time for
<br />payment or otherwise modify amortization of the sums secured hy this Security Instrument by reason of an y demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance 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. SIlCce5Sors and Assigns Bound; Joint and Severai Liability; Co-signers. The covenants and agreements of
<br />this Security Instrument shail bind and benefit the succ~sors and assIgIlS of Lender and Borrower. subject to tbe provisions
<br />of ~~~rh 17. Borrewer's covenants and !:igr~~m~nLS :.>hall be jDint j,jaj ~C'vcfaL AIl)' BOrrower who co-signs [his Security
<br />Instrument but does not execute the Note: (a) is co-slgnmg tIllS Secumy Instrument ,mly to mortgage, grant and convey
<br />that BorrO'.ver's IIlterest in the Propeny under the terms of thIS SecufllY Instrument: (b) IS not persol1aily obligated to pay
<br />tne s!.!..!!'..s s,x!m~d by this Security Inslrument; and (c) agrees that Lender and any other Borrower may agree to eXlend,
<br />modify, I' 01 bear or make any accommodations with regard to the terms <1f thIS Secumy instrument or the NOle wuhout
<br />that Borrower's consent.
<br />n. Loan Charges. If the loan secured by thts Secumy Instrumentls subject to a law whIch sets maximum loan
<br />charges, aud thai law is finally interpreted so that the mterest Of ,)ther loan charg;:s collected or to be coilected in
<br />connection with the loan exceed the pennlUed limltS, Ihen: (al any such loan charge shall be. reduced by the.amount
<br />necessary tJ reduce the charge to the permitted limn; and (h) any sums already collected from Borrower which exceeded
<br />permitted :imits will be refunded to Borrower. Lender may c1,," ," I,!. ""Jake thIS rehod by reducmgtheprincipal owed
<br />under the Note or by makIng a direct payment to Borrower, :,-'!ld f',.>;;;;;OS pnnclpal,thereductlOIIWlllbetn:atedas a
<br />panial prepayment without any prepayment c;';llge under I..~ ,~,1tC.
<br />13. Legislation Affecting Lender's Rights. If eIlactmenf or expiration of applicable laws h;\stheelrecLoF
<br />rendering any provision oi the Note or lOlS Secunty InStfUfilEnt uIi<:ntun.:.:ab!e according to ~lS terms. Leuderi alib.optlO.ili
<br />may require immediate payment in full of all sums secured hy thIS Secumy Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercIses Ihis option, Lender "hall,fake the st~ps specified in the second paragraph of
<br />pa.'"iigrsph 17,
<br />14. Notices. Any nOlice to Borrower proVIded for Il1 thIS S~CUllty Instrumelltshall be given by dchvering,il prby
<br />mailing It ;>y first class mail unless applicable law re'lUlIC' u"e ,)f'Ii<)tt1eI method, The notice ,hall be directed to the
<br />Propeny Address or any other address Borrower deslgnates by IhHiI.:~ (0 Lender. Any noti~e to L~!!d~r ~hiill be gll(en:by
<br />first class mall to Lender's address stated herelll or any olher addrcss Lender deSlg.nates by notlce to Borrower, Any notice
<br />provided for 10 thIS SecurilY Instrument shail be deemed tD have been !i" en to Borrower or L"nder wh~n gIven as provided
<br />in this paragraph,
<br />15. Governing Law: Severability. Thls SC(,;Utl[) InsirliiIjcnt :.haH b~ goverm:d by I't:dcrallaw and the law of the
<br />jurisdictioll in which the Propeny is located, In thc event that ""y pnWblGn or claus" of Ihis Secl1nty Inslrument or the
<br />Note conflicts wnh applicable law, such conllrct shall not atl""t Dlher plllVislOns of tillS Securu)' Instrument 01 the' Note
<br />which can be given elrecl wilhout the conlHcllng prOVISIon, To l!IIS end the proVISIons of Ihis Security Instrumentunuthe:
<br />Note are declared 10 be severable,
<br />16. Borrower's Copy, Borrower shatl be gn'en un" coniurm"ci copy or the NUle otnd of this Securny lnsHument,
<br />17. Transfer of the Property or a Uenefu:iaJ Interesl ill iltlr",wer. If all or any pan "f the I'roperty or any
<br />interest in it is ;;old or transferred (or ira bellelicmllllterest III Born,".."r '" sold or transkrred and Borrow"r is not a natural
<br />person) without Lender's pnor wntten consent, LendeI ma), ,It 1h UpllllJl, re'lUlre immedIate payment in full of all Sums
<br />secured by this Security Instrument. Howeyer. IhlS option shail nUl be exerCIsed by Lender If exen:ls" IS prohibiledby
<br />federal law as of the date of this SecUnlY Instrument.
<br />If Lender eJleIclses IhlS option, Lemkr shail gl,e !.lonow", lIul,ce of at.:cderatlon. 'rhe nOllce ,tull proVIde a period
<br />ofnof Jess than }Oday~ from the dj.t~ the nOlH.:~ lS ddlVered dr f!l,ulnl \\"Htun wh-ldl Horrower rnust pay aU StUP5 ~ecuroo by
<br />this Securiry Instrument If BorroweI fads to pay Ih""e ,UlIb pnur to Ihe "xpiratlon of th.s penod, L~lldt:r may invoke any
<br />remedies permitted by IhlS Secunl)' Instrumenl wlthoullurther notK" ur uemand on Borrower.
<br />Ill. Borrower's Right to Reinstl!.!e. If Borrower me"" c,'rullI condlt",ns, !:lormwer shall ha'.e the right to have
<br />enforcement of thiS Security Ins!rUmenl discontlIlued at any !lrlle pllOf' to the earher of: (a) 5 days (or such olner perioli as
<br />~Piilicahk ~aw- moY ipo:;ify fur f~ifi5iJ.i~ill~"i 1 bi:f~lC "..uk \.}f 1h~ Pr~pt'r~y pt;.-~l;..."t ~(: ~ny poW~i ~~f ~~;.:.h: ~'(m:-~::~::"J ::0 -~ht~-
<br />Secunty Instrument: or (b) entry of a Judgment e"for,'lng thl> Seeu"l; in'trurnt:"f. Those conliitio'l' .He thUL BOfrow~r'
<br />(a) pays LenQer 311 sums whu:h then would be due under till:; S""UfllY Instrument and the NOle hali no accdt:ratlon
<br />occurred; (b) cures any default of any 0tht:f ~o\cn.Ulb dl agft::~n1cm~:: tel pa)"s aU I!x~n~ H1curr,,'ti in enforcing tillS
<br />Security Instrument, including, but not IUlllled to, ",'",unable allom".),. fets; 'llld (d) lakes ,ut.:h aC!ton as Lender may
<br />~:--.:b!y r:-qulfe to ~ure lhat th~ !~en of Ihl~ Sc~unr y 1 n~!rUI1l~nL Ltuder'3 nghls- Hl th_f Pro~rlY -and Borrow~r's
<br />obligation to pay the sums secured by th" S~Cllnty In'lrIHIl~1l1 ',hotH coruinue unchanged. UpI)n 'felllstatem,'1H by
<br />Borrower. thi$ See-urlI)' In~trurnt:nl and the:: ubiig...Hh)il'\ -.,e~ufcJ hereby ...,h..ill rt:lJ1~Un futty effecti....e ~s if nfl a('cch:r~.HiGn had
<br />occurred, However. thIS nght to reinstate shaH nol apply 111 the ea,e of acederatlOn under paragraphs 1.1 or 17,
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<br />NON~UN1FORM COV'E:"~ANn_ B-3rrower and Lender further t.:':Y.eaant and agre:: a~ foHows:
<br />19. Acce!e:stioe; ReDleti.ies.. Lender ~!t.all IP\'e :H.Hice tu Borruwer llr!Qf to ~cCcdera(j.m follo"'lIl~ Borrower's
<br />lmIadtolm,. Cllvenaat or agreement in this Secunty lnstrume"t ,bUI JIm praur 10 aCCtlcrUIiun under iJaragraplb tJ and 17
<br />uaa- applkable 18" proyide:l otherwise), The n..tice sball SI"'cll)': ,ll' the Uelauit; lbl the action required to cure the
<br />......,t;(el. .... !lOt '- than 30 days from tile w.te the notice i. gi >en lu Borrower. by which tht;; licfault must be cured;
<br />.. (It) that failure &0 __ the derult on or before the date specilied in lhe norke may re.ult in accderaIion of the su~
<br />---... tlIiI ~ lM~t illiG sale of the Proll"rty, Tb.. nulice shaJJ further inform Borru.....r of the ri6h.t to
<br />,....... after ~tioG Ill1d tile right to bring !l court actioll to lI'i><:rt the non...,xistence uf a default or any otller
<br />......ot8orrower &0 ac:celeBUoll aaclliIlle. If the default is .not ~u.red ')n or before tltt' date specified In the notice. Lender
<br />at ill'" .., ~ ~ht lNlyraeat in fuil of llll sums ,*currti by this Security Instrument Wllho\lt furtlH:r
<br />..........., Ut.~ ttlepow... of We aaclmy other re-.iies jIiInuiued by lIpplkllble lllw. Lender shall be entitled to
<br />coIIlIcl.lIIl, '........IRCWTtlIla lIVUIilI&lbe reHl'ediel; provided in thts parqraph 19. includinll. but Dtlt limited to,
<br />nMI.. ll__YI 1_ aad<<ttlCllol title ..WeD"e,
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<br />...,.".:: tlKt pow... of WlI ill ia."o~ Trustee shtdl rc';url! a ,wIlC.. "I. detaun In t''',.n ,""HH) 1lI ..'Ihd. all} pllr't of the
<br />lltkt. iIllocat'flilUllis:haU..u COlli'" vi !>Well ooti.c" in me "'''''''er pr"Mflb"4 by ;'I'I'I..,al>l" I".. w ItmT"",,r llnd to tbe
<br />.. ':::-lI'""~t'bed by ~" law, ,Aner the h~ r~~""N ~~ "pph""b!" la.., 1 rtlU"" >1>".111"" "\lohc "nile" 0'
<br />~ ami U'l tlw ~f' pr~1~ b.y ~$.-~!~~~ ~* t ~'U~h:-e, ':!.'tthu~.H 4~m-i.l.~ lin Utit'ilH.~.t. ~hiiH ~dl the
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