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<br /> cundenuwion or other ukiqy of Any psul of!ho Property�or far calvoyanoo in lieu oi cawkmnwllan.are hercby awi�ned+md
<br /> ---- _ _ �_ �11 h�Mid ta l.ender. �--
<br /> In �he event of a tual t�king of the Propaty. �he ahall be �ppliea�o �he :umn savrai i►y thia Sa:uriiy
<br /> -- - - Inspwnent.whether or nat it�a�due,wilh any excesa to Bortower. In the event af A pwtiol taking of�tw Property in
<br /> -_- — which the tair nwrlcet value of tha PropeAy immediately beforo the takin�is oqual to or grcater thon the artaunt a1'�he sums -
<br /> '- �ecw�d by this Securi�y Instrument immedlntely bcforo the tuking.unless Bamwer w�d I.c�der aherwisc agrce in w�itinQ. --
<br /> - --- _---•�-----� tS�e sums sccan�by�ltis Secudty I�suumtnt�hal!be reduced 1+y�he��nt of the pmceeda muUiplied by�he fallowfn� --
<br /> _ ,:�_ fractan: lal the twnl smount of the sumr secu�ed imma8ulely beforo�he tal;i�g.divided by(b)tbe fair moricet valuo of the ��
<br /> Pro�ny immediately before tha tokiog. Any balance Qhall bo paid lo Horrower. In �he aveM of a pani�l wking of the -
<br /> '�,?' Property in which the fair market vwlue of�he Prope�ty immediataly befarc the toking fa lesc�han the wnouot of�he sums
<br />- .: sxurcd immediately befom the taking,unless Bomuwer und Lcnde�otherwise ugrce in wrfliog or unles�applicable law _
<br />` ��'i.��:. cNherwlse providex.tho procadc siwll bo applial w the sums secured by thi�Sau�ity Incuumant whether or nat the sumc a� R
<br /> •="`.�.. , thcn duc.
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<br /> __`;,� If the Propehy is nbandoned by Bomnwer.or if.afier natice by Lender to Bartnwar Ihnt thc candemnor offe�to makc .��_�
<br />-_-=�- an a�rard or seule a claim for damages,Bonawer fails to�spond ta Lender within 30 days after tpe dat�the notice is given. �``�=
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<br /> -:,� L�ender is wthori��ed to rnlk�ct and apply the procecds.at its optioa,eilhar ro reswtation or�cpai�of�Me Property w to Uie ,s.
<br /> ----�- . swas securcd by this Secunity Instruroent,whether or not thrn due.
<br /> .`�:���hti��'' � . Unless Lender and Borrower otl�en�rise agrce in w�ri�ing.any applkatio�of proceeds to principal shall not eatend or
<br /> -- postpone the due date of�he monthly pAyme�ts rcfetred to in parn��phc I and 2 or change�he amou�t of such payments.
<br /> �, I1. BonovrYr Not Rek�sed: Forbearaaa By I.euder Not a WAiver, Extension of the tiec�e ibr puyment or �.-.
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<br /> ° modi6cation of amatizwion oi�he sums secured by this Securiry Insuume�t granted by Lender lo�ny sw:eessor�n inte�est ��
<br /> _:;i'�
<br /> - of Ramwer slwll nw aperate to release the liability of the origina! Borrower or Baravter's successars�n interest.l.ender �_,�
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<br /> `M'j �'3y�4 shall nai hc rcquired to cammeni�:pra.'eediags agaiast u�y succ�ia iaterext or refuse to eatend time for paymen� or �.T
<br /> " - ,�+_ - ,����� �;' oiherwise madify a�exuuzation of the sums secwrcKi b�.ii�i,5�,..a.�ity iu�L�unkrii by r:.aw�of:�.-�y�2cs�aad szadc by the orrgin�! .;
<br /> �� Bonower or Burrowsr's successors in interest. �� R�oabes�s�oce by Lender im cxercisin�any ngM w re�cedy shall not be a ���,:;:
<br /> - >-r u4;:,t..
<br /> ' ,.r ., . ;'r waiver of or prccLuc��a�K eaercise of any righ¢t�r remedl. �;-
<br /> pre
<br /> • '� .�,'�j'.`l,+y �,. Sq�e�s And Assi�as Bound;J�R Aa�d Sex�.n0 Lis�6flity;�v�:�igs�ers. 7'he covenanls a7e�d u,�eements of this '
<br /> ti ` • ``,' �henefit the succww.so�s uai�a.cvigns of�Lent�er and Bonower.aubjecJ t�o t�e provicioas of �•-
<br />- . •��;��}•��' Securi¢ ]�nunent shall Gind aa� �
<br /> '��"•%�l .'^� para�Q p0o 1'D.��ottawer's cov�nants and ugrremen�s shaBC be joint and se�e�al. Any�torrawer wha cr-s9gnx this Srcurity �r
<br /> Inahuroient bu�dnes not execwe ti�e Note: (a)is co-slgniAg this Security i�nslTUment only tu�morlgagc.�nuat end wme��that �a���
<br /> ; ,,�i Bormwork ialar+est i�+the Property under the terms of this Secudty fnstrument; (b)is noc personally db9igat-ed to pay the sums �
<br />_ ,:�, ;►1'. ' securcd by this Security lnstrument;and(c)agrees thnt l.ende�and any olher Borrower muy agree t�a RxRand,madify.forbear �,_
<br />-;�;�;. ( .�� or make Any accommodatbns with regard to the terms af thi:� 5ecunty Instniment or the Nae wia9mwut that Borrowerk
<br />_ .., •�ie�k�:,rl,,�,:: C011sfnl. 1 �i..:
<br /> "� . 1�. I.oan Chrrge� If thc ban secured by this Securi,�v Instrument is subject to u law which sets mnximurn laun �,.�
<br /> �a- charge�s.and that law is 6naiiy imerpre�cwi au tiu+t iit�interesi a��other la�n chargcs co!lcct°s!ar so be co?ltettd�n connecti�n -
<br /> ��'� �' with the loan exceed the permitted limitR,th�oo: ��D+uey such loan charge shall 6e reduced by the nmaurna necessary to reduce ��f<..�
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<br /> - .; , i'��d � .,; the eharge to the permitted limi�;and(b)any su�TC�nlr�tttly collected from Borrower which exceede.��ecmitted limits will be .�•-:-
<br /> , ,�•"�c`t� ".• ;' Sa:.
<br /> n�.,, , .:�' rei�as+cic�1 to Borrower. Lender may choose to rnahr thi�refur�cf by reducing the principal owed under t➢�e i�oc�or by making u �'.
<br /> ;,�,_ ti�'�"� dimc�p�ymen�to Bomnwer. If a mfund reducea principal,the reduction will be tneated a.a pattiae prepuymeM w�th�ut any F�':"�
<br /> ��.�Y�<<�,;1 • =
<br />_-- - -• ' ;,:��,.�, Prcpayrnent chargc under the Note. �_-
<br /> ' � `' � 14. Nollces. Any notice to Barrower provided far in lhis Security lnstn�ment aV�a,;; �bt ivPn fiy deliverin i� ur b
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<br /> ;i� �: ��.� :�f�� ' mniling it by first clasw mail unless applicublr!aw requims use of another method.The no�ice shull be directed ro�he Propeny ��;:
<br /> ' � '� �`� �° ;i� • Addrccs ar�ny c�t�ae�address Borrower de�+i�nates by ndice to L.ender. Any notice to I.ender sha19 be given by C�st class ,,-
<br /> �,.c. Y�Y' mail lo I.ender.l•Addresz stated herCin or nny other nddrers Lendcr de+ignates by notice to Barrawer. Any notice provided for «^
<br /> •ai . �`����%� `�• . in this Securit y Inxtrument shu00 6e dcemcd ta have becn given to Borrower or Lender when given us provided in this '•�
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<br /> a�,R-�•.;.' • . �;.,, nragrnph. •
<br /> �` '=`�"' t'�• = 15. Uovertaaag Law: Se�erability. This Security InstrumeM shall be govemed bv federn� law and the luw of the
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<br /> ���. Jurisdiction in which the Prapeny is locu�ed. In the event thut any provision or claure af thir Securily Onstrument or the Nwe
<br /> �Ie� . ' ' co�flicts wi�h applicable law.such conflkt,�haU nw uffect othe�provisions uf this Security Ina�tument or the Note wbich con �F'`;,
<br /> ,b��• � �.,aa-.�•�.�; be given effect wi�hout thc conflicting pmvi�ion. To this end the pravisions of tbis 5ecuria��Instrurnen2 and�he Note are �':
<br /> �' " . 'a��b 4�":�......•,� deol�red to be scvernble. ;'�
<br /> -��. " ' ' 16. Borrower's Copy. Barrower�hall be given one cunfomied copy of the Note an��n�'this Securiry Instn�ment. �.' '='
<br /> - ' .:-",�"� ;';;;•'.`'.; l7. 7Y�asfer of the Property or a Benefkial Interest in Borrower. If all or nny parz-of tFo�3'�o,perty or any interest in �
<br />._ "�� , . �"`^�'`� '_�� i�is wld or trnnsfemed lor if u t�cneficiul interest in Borrower ix wld ur«�mferred und Bortowrr i+ not u notural person)
<br /> 'i:'�` '.~+:.;;,,.:;:" without Lender's prior written consent.Lender muy,at i�s option,reyuire immr.diate puyment in full of all sums secured by :
<br /> Wb"'f� this Security Instrumem. Nowever,this option shall not 6c exerci�d by l.ender it'czercise ix prohibited by federal law as of
<br />:�e' �� ��,, .
<br />,;�: ' ti�,��, the date of�his Security Instrumen�.
<br />. , ��" If Lender exerci.r•e.thiY option,l.ender shull give Bomiwer notice of accelers�tion. The rnnice xhall provide a period of
<br />,� .' �< not less�han ZO days from�he dute�he notice i.delivered or mailed within which Borrower must pap s�CO sums secured by this ,
<br /> � , ,'� '• Security In.trumrnt. If Borrower fAil.to pay the.r �ums prio�to the c�pirution of thix period. Le;�r may invoke �ny "
<br /> 1���•''• ''�-;�: remedies pemiitted by 1hi+Security Instniment without funher notice or JemanJ on Bomowcr.
<br /> ..• � °;:^ `° � 18. Borrower's Ri�ht lo Reinsl+�te. It Bum�wr�mee�� cenuin cundi�ions, Borrower ,hall have the right ta have
<br /> :1:a ' as,;,;,;` entoncement of lhis Securily Inxtniment di.continued at:my time priur to thr e•rrlier uf: la)S day+(or wch other period as
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