gtre tie tTltftr
<br />or prior
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<br />�. �. a pr *eds of�DY � dbra i�it�.� or
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<br />any d YQ t > .for oou ie.r.r . , [ : : �.�.r :.` # ..r. � 1 by . .. .. .... i ; • °',� ., �TIrS.� .: �_ '
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<br />�tliAl i t QVI* y�e proceeds shall be applied to the Sunif`30C�r1 fy this Secuft {f
<br />:_ )EitiiiLrs�sest, *hither or" "''hen due: Wfl Wj: excess paid to Borrower. In -the event of a partial taking of the Property►,
<br />i liiiieas 11mve a and Leader otheewctre.rotree in writing. the sums secured by this Security Inar anent shall be reduced by
<br />: the aMMxt: of the proceeds muKphad by the following faction: (a) the total amount of the suns secured immediately
<br />btrar+e tinetsking. divided by Mahe fair market value of the Property immediately before the taking. Any balance shall be
<br />z 1oid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Leader to Borrower that the condemnor offers to
<br />make an award or settle a d:laim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Lender isauthorized to collect and apply the pmceseds, 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 to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10, JIM rOmer Nat Rtalaasa$ Farinnwe By Uvider Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sum secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower 5halp'40 operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Leader shall not be r,�qtriiv& fry commence proceedings against any successor in interest or refuse to extend time for
<br />payment: or otherwiae mNiPJ'pttfectization of the sums secured by this Security Instrument by reason of any demand made
<br />by the ongirtal'8onower or for dfl'tvrr'ttsuccessm in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a Waiver of or prechidde- t exercise of any right or remedy. = _
<br />111. Saetaarrrs anti Assigns Soon* Joint sad Serval Liai %-, C 44piiers, The covenants and agreements of
<br />this Security Instrument shall bind andbenefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Botrrowees 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 Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (e) agrees that Lender and any other Sc ower may spree to extend,
<br />i modify, forl"r or make any accommodations with regard to the terms of this Security Instrument or tltjt Note without
<br />} that Borrower's consent.
<br />12. Loaf Ctiarges. If the loan secured by this Security Instrument is subject- to a: 1*w which sets maximum :loan
<br />charges, and that law is finally in!a.Vrexed so that the intend r- other loan charges ccaected or to be collected in
<br />oannection with the loan exceed the-rAmitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />' _aetss*_ry to reduce the charge to the pm ittcd lir lt,, and (b) any sums already collected from Borrower which exceeded - —
<br />? perttritttxl 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 />partial prepayment without any prepay-t .,r.rtt charge under the Note.
<br />13 Legislation Affectims Lender's Rigits. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security xtestrument unenforceable according to its terms, Under, al its option,
<br />may require immediate payment in full of all sums.;secnred by this Security Instrument and may invoke any remedies
<br />Permitted by paragraph 19, if Lender exercises this ;ion, LerZw shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower prmto&d for in this Security Instrument shall be given by delivering it or by
<br />` nuai%g it by first class mail unless applicable law acquires use of another method. The notice shall bW directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />Arm class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph. I
<br />1S. Governing Law; SeveraNlify. 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 afTect other provisions of this Security Instrument or the Note
<br />which an be given effect without the conflicting provision. To this end the provisions of this Security instrument and the
<br />Note are declared to be severable.
<br />I& Borwr►er'a Cosy. Borrower shall be given one conformed copy of the Note and of this Security instrument.
<br />17. Trader of the Progerty ors Beneficial Interest is Borrower, if all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficiatinterest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option. require immediate payment in full of all sums - -_-
<br />secured by this Security Instrument. If- iw:ever. this option shall.rot be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security laTlYutrtent...
<br />if Lender exercises ehi,� option, Lender skull -give Borrow ?•'1*.i rice of rar;r lerat%on. The notice Mutt) fnovide a period `
<br />:. ►lot less than 30 days from the ne date the notice' is r -�d ' i ., r , r
<br />S cli�t�_e�'. ::, riti r►1ui,� +�'.;. ?� :� �1ys:,z 13dtrn�scsr t7�,sst pay:., sccurrxl by �•,.
<br />this Secutit);+(,►dtt ent- �lfebrrower±; iks. topay +ti'a&tet,:tsUrir.tlzse ,r.it►r rj(i}'as} rc f.Len 'u.xyi»srsf;e.Arty
<br />tC►fSRl143'j�777A1ti +byIftN" RCiirit rf�SlJlii':lent V�i';�Sk71i :i1!i ;ts',erazzeYC. ardema- .or, iVst?cr.
<br />1f1.8d►trower'a Rlt to Kett: U Botruw.;r meets certain conditions, Borrower shall have the right to have
<br />r enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other peridxf as
<br />applicable law may specify for reinstatement) before safe of the Property pursuant to any power of sale contained 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 this Security Instrument and the Note had nor acceleration
<br />occurred: (b) cures any default of any other covenants at agreements; (c) pays all expense~ incurred in enforcing this r '
<br />Security Instrument. including, but not limited to. reasonable attorneys' fees. and (el) takes stiO a-aoit as i rodeo may -
<br />reasonably require to assure that the Iten of this Security Instrument, I_cndcr'c right% in the Pro,peft♦ and lhvtroti<cr's
<br />obhptlr,n to pay the curve secured by this Security Instrument shall c.uuttnue unchanged t lhtn reiustatcuicnt fill
<br />ibrrr+4er. thus Security instrument attd the ubl►gationscrd.ured hereby shall remain fully clicc.tne 4s it !vo at:celrr,tu+ +n it .
<br />�x+ :utt�l f4lnuecer, thn rt)►ht t +d rrimta[e shall i�d+t apply tar ehr 4Ise of ad�clrroU+ ++� unit► paragraph% i A +,r t?
<br />89�' 1
<br />•
<br />• 8
<br />if i.eader required gage insisssnee a a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the preaoaaads o'o- anaintain-the insuninee in effect until such time as the requtrcment.for the
<br />iaarldaceteraruutasm ,
<br />Sao,
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<br />Bonowertsoitrlxat.
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