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Home My WebLink About0521 t3urrow~er fails w respa~d to Lender ~rithin 30 dayc after thc date the notice is givcn, Lender is authorizcd to collect and apply the proceecis, at ~u ~+tion, crther to resrontan or repair of tM Properry or to the sumt secured by thic S~curiq• lastrumcnt, wi~ether ot not then duc. Uakss L.ender and Bo~ra?er otherw~ise agtee in w~riting any applicatioa ot proeecds to principal shatl not eztend or postpone the due date of the monthly pay~ments reiernd to in paragraphs I and 2 or change tlx amewat of such payments. 10. Borrower \ot Rekase~ Fofiearasee By la~der Not a Wairer. Fxtension o[ the time tor paymcnt or modification of amortiiation of the sums sccured by ~hu Secunry lastrumcnt gnnted by Leeder to any successor ia incerat of Borrow~er sdall na opente co rcleau the liability of the original Borra.tir or E3orn~Yrs succestors in interai. Lender shall not be rcquircd to commence proeeeding,t against any successor i~ intcrat or rcfuse to ezteod tiau for pay~unt or ahen.isc modify amortwtion uf the su[ns securcd by this Securiry lattrumcat by reawo of any demand msde by tde original Horrower or Borrow^ers succescois in int~rat. My forbeannce by l cndcr io cxercising any riglu or rcmedy slsall oa be a~vaiver of or pe~cludc the uctrix of any riglu or rcmedy. 11. Successon a~d Assip?s Honed; Joi~t aad Se~cral l~abilit~, Co-sigsers 'Il~e covenanu and agrccments of this Security laswmenc shatl bind and txnefit the successoa aad assigac of Lender aad Borroaer, subjut to the pnovisionc of paragrap6 17. Borrower's covcnana and agreements shall bo joint and scw~cral. Any t3ormRer wfio co-signc this Savrity inuroaxnt but does not execute the :~o~~: (a) is co-signing this Savriry Instrument only to mortgage, grant and eon.ey that F3orroeKr's interat in the property under the terms of this Savrity lisstn?mcnt; (b) is eot petsonally obligAted to pay the sums securcd by this Security Instrumem and (c) agrees tbat Lender aed aay a6er Borrower may agree to cYtcnd, modify, forbear or male any accomn3odations with e+egard to the terms oi this Securit~• Ins~rument or the 1`ote wiihout that BorTVwers eonsent. 12 Loan C?ar~es I[ tAe loan secvred by this Securiry Instrurtxnt is subject to a law w~hich sets manmum Foan charges, and that taw is 6nally interpretecl so Ihat che interest or aher loan chaiges collected or to be coilectcd in connection with thc loan ezeeed the peimitted limits, thcn: (a) any such lasn charge sAall be ~tduced hy ihe amount neccssary to rcduce the charge to the pemtittcd limit; and (b) any sums already eoikcted (rom Bornxver w~hich exceeded permitted limits witl be refunded to Boriowsr. Lender may choose to mal-e this refund by ~educing the principa! ow~ed under the I~'ote or by making a dircct payment to Borrower. If a rcfund reduces principal, thc rcductioe aill be treated as a partial prepayment without aaY Prepaymeet charge ucMer the il~ote. 13. Isgislation A!(ectine Lcnder's Rigl~ts If cnactment or ~=piration of applicabk laws has tM effcct of rendering any provision of the I`ote or this Security (nstrumeet unen(orceabk according to its temu, Lcader, at its option, may require immedute paymeet in full of all sumt serured by this Security Instrument and ma}• in~olce any remcdies pecmrtted by paragrapt~ I9. If Lender exercises this optan, Lender shaU take the steps speciFied in the second paragraph of paragraph 17. 13. !~otices. Any notice to Borroaer provided for in chic Security Inctxument shall be given by delivering it or by mailing it by fiist cliss mail uNess applicable taw rcquires use o( another method. The notice shal! be dirated to the Property Address or any other address Bon+ower duignates by notiee to Lender. Any notice io Lender shall be gjven by fiist class mail to Lenders addras stated herein or any aher addresc I.~nder designates by notice to Borrower. Any notice protiided i~r in thic Security lastroment shall be deemcd to have been given to Bormw~er or Lender wixn gia+cn as pro~ided in this paragraph. j 1~. Govrrning l~w; Sererability. "Ihis Security Inttrument shall be gnverncd by fedenl law aed tAc law of the jurisdiction in wfiich the P~operty is Icxatcd. In I che ntnt that any pro~ision or clause of this Security Instruroent ot the Note contlicts with applicabk law, such conflict shall not affect wher pravisions of this Security lnstrument or thc :~ote which can be given effect without the conflirting pnx~sion. To this end the pro~isions o[ this Security Instrument and the Note are declared ~ iJ ~t SC~YIdbIC. 16. Borrower's Copy. Borrow~er shall be gi~tn one confomted eopy of the Nae and of this Security I~stcument. I 17. Traasfer of the Properip or a Beeetrial Isterest iw BorruMer. If all or any part of the Property or any interest in it is sold or tnnsferrcd (or if a bencficial interest in Bormwzr is sold or transferred and Bondwer is not a natural person) without Lender's prior written consent, Lendcr may, at its option, rcquirc immediatc n<,~~mcnt in full of all sums secured by this Security Instrumcnt_ Howr.ror, this option shatl not tx ezercised by Lender if excrcise is prohibited by fcderal law as o( I the date of this Securitv Instrument. i lf Lender e:ercises this option, L.ender shall giv~ Borrov~zr notice of accekration. "Ibc notice shall provide a period o[ not Icss than 30 days fcnm the date thc ~ ~ocicc is delntred or mailed within wfiich Borrower must pay all surtu secured by this Security laurument. If Borrow,er fails to pay these sums prior to the cxpiration ! :~f this pcriod, Lender may inwkc any rcmcdies permitted by thit Secunty instrument without furtMr notice or demand on Borrower. i 18. Borrower's Ri~ht to Reiauste. If Borroaer meets certaim m~ditions, Bon+vavcr shall ha~r the right to havY en[omment of this Security Instrumcnt ! ; d~xontinued at any timc priar to the wrlicr of: (a) S da}s (or sueh other period at applicabk laR may specify fot reinstatement) before sale of the PropeRy pursuant i to any pvuvtr of sale contained in this Security instrumcnt; or (b) eatry of a judgement entomng thit Security lnstrument. "Il~ose conditions arc that Bortower. (a) ! ~ ~a}s l.cnder all sumt w~t?ich theo wvuld bc due undcr this Security Instrument and the tiotc had no accekration occurrtd; (b) cures any default of any other covenants I or agrecexnts; (c) pays all expcnses incu*rcd in enforcing this Security Instrumeat, including„ but aot limitcd to, rcasonabk attomeys' [ees; and (d) tales such action as Lcnder may reasonabiy rcquirc ro assure that the lien d tttis Security Instrumeot, L.enders rights in t6e Property and Borrowers obligation to pay the sums sccurcd ~ hti this Security lastrument shalt continue unchanged. l.'pon reinswtement by Borrow^er, this Security Instrument and the obligations securcd hercby shal! rcmain ; :uf!y ef(ectrvY as if no accelcration had occurred. How~tr, this right to reinstate shall not apply in the case of accekration under paragraphs 13 or 17. f ~ i i € \O\-l:1'IFOR.~i COYE\A\TS. E3orroatr and Lcndcr turther cwena~t rnd agree as (oltows: r § 19. Accekratio Remedies Leader shall ~ n; give aotice to Borrower prior to sccekratiow folbwing Borrower's brcxh ot any corenant or agreenxnt in this Security # I n strument (but not prior to accekratiow onder paragrapks 13 aad 17 ~aless applicabk ls+~ p~wides wherxise). T~e eotiee shall specity: (a) the detault; (b) t6e aclan t required to cnre Ihe defaul~ (e) a date, not ku than 39 days tro~ t6e dste t6e ~otiee is tive~ to Bomawer, by which the default must be c~ure~ and (d) tlut failnre k 1o cure t6e default oe or betore tAe dste specifitd iu tbe wotiee ~ea~ resuk i~ seeekratio~ ot the swas secured by tbis Securit7 Instr+~meM, forecbwro by judicia! ~ procctdisg and sak ot the Property. 'I~e sotice shall (urtbcr intorm Borrowcr ot t6e right to roisstate aRer secekration and the right to usert in the toretbsnro E procrcdiag the aont:icte~e ot a defauk or any otAer deiease ot Borrower to aceekrsitas aad toretbsare. It the detauit is not cured on or before the d~te specified ~ in Ihe notice, Lender at its optan may rcquire immediate pa~-a~est in tutl ot all sums secarcd by this Security Instrument r?ithout turther demand and may torecbse ~his Secority Instrument by judicial proceedin& Lender shall be eMitkd to eullect all e:peasts incurred in pursuing the remedies prorided in this paragrap~ 19, inrludinp~ but ~wt iimited tq reasonabk attoracys' tees and rnsts ot titk eridence. 20. Lender in Possessioa Upon acccleration under paragraph 19 or abandonmene of the PropeRy, L.ender (by judicially appointeA receiver) shali be entiUed to enter upon, take posse,uion ot and manage,the Property aod to colkct the rents of the PropeRy including those past due. Any rents coUected by I.endcr or thc rc.zi~~er shall be applied fitst to paymcnt of the costs of management o( the P~nperty and collection of rcnts, including, but not limited to, rcceivcr's fca, premiums ~~n receiver's bonds and reasonabk attorneys' fees, and then to the sums securcd by thia Security Instrument. 21. Rekua Upon payment of all sums securcd by this Serurity Instrument, I.ender shall releau thic Security Instrument without charge to Borrower. I3orrvwer ~hall pay any ncordation costs. 22. Attorneys' Fees. As used in this Security Inatrument and the Note, 'attorneys' (eu' shall include any attomeys' kes awarded by an appellatc coun. E 23. Riders ro this Savrity instrumeat. 1f one or morc ridea arc ezecutW by Bortowtr and rccordcd together with this Security Instrumeat, tM covcnants and ~ agreements oF each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Suurity Instrument as i/ the rider(s) a ~*erc a part of this Security Instrument. F7.nRIDA-Si~{e FamililyFN~1A/FHL~iC Uti1FORN 1\STRU.tiiE\T ~ 6?4 ~ ~ ~ ~ ~ ~ 4'~~~~ ar~'.~z~` ~ '.x-``~-~~ w` _ . ~s~~'"~t. ~~-~~+~`~,~a