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<br /> --;.;:.y co�xkmtudi�+n u�uli�r Iwkiug of�1y�wrY of Ihe P7ape`ty.QY�Of CUi1V@ya11CC�il HCiI Qf COI{dCiR11it1Ipi1,aue he�eby assi�rted and _
<br /> — --- -_ �hall be paid ta Lender. _ _
<br /> In tho ovenl af a tMvl �aking of the Pirope�ty. the ptaceeds stWl be �ppltal to the �ums nccurod by Ihis Securhy �
<br /> Instrument,whether or nat�lien due,with any exass�id to Bomawer. in �he evcnt of a prutiul tal�in�of the Property in
<br /> °� '� N�hirh t1�e fsir muke�value of the Prape�ty i:nmediately 6etorc thc taking is equal to ar greatet than the am�wnt of Ihe�ums
<br /> - ceeurcd by this Socudty Inxaument imrtKdiwtoly beforo the udcinQ.unkss Barowtr ond Lender aherwise w�rce i�wtitin�. �
<br /> --- — Ihe rwn��urcJ by�hi►Sxcurity lnstrument shnll be reduced by the am�snt af the proceeds multipNed by the follawinE �_--
<br /> ,' fracHon: (o)�he totnl amount of the sums secwrd immediatel beforc�he teking,divickd hy(h)the fai�marice�value of�he
<br /> ._� �_
<br /> ;:�. Pn+petty immedlately bofore the tWcing. Any bal�nce :hall paid to BoROwe�. In the event of a panial t�king af tho
<br /> Property in which tho fair muricet value of�he Property immediately befarc �he wking ls kss than the anwunt of�he sums
<br /> _:l.', ^ socured immedi�tely before the taicing. unleRC Bortowcr wid l.ender athetwise agrec in writing or unless Applicablc Iww p�-_.
<br />'� r � otherwise provldes.the proceeds sAall be applicd to the sums secured by Ihis Sxurity Insttument whether ar not�he wms arc __-
<br /> _--- then due. -v
<br /> "��=°"�"�'" � !f tlx Propeny is abandoned by Bo�rowar,o�if,xfter notice by Lender to Borrower that the condemnor offers to make -
<br /> — ,.,�, �
<br /> ��''`�`'''��' an award or settk a cluim far damu es,Borrawer fnils to res nd m Lcnder wi�hin 30 dn s nfter the date the nWlct is wen. �""
<br /> 8 Po Y B� �_
<br /> �'�..�;�.;., � Lender is wthorized to collect and aQply the praceeds.at i�s option, efther to restoration or repair of the Property or to the =_
<br /> �;;y-.�,.�� .,.. - sums securod by this Security Insmiment,whether or not then due.
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<br /> -• • ��• Unless l.ender and Borrower dherwise ugrec in writing. any upplication of proceeds to principal sFw�ll not extend or
<br />- ��` Uie due date of the monthl nts referred to in ara m�
<br />_`,':;.' r.. r�_ti�tn:.:»i ,L P�P� Y PAY� P B�Phs 1 and 2 or chan@e the amount of such p�yments. �__
<br /> _ �°: � �:�,� ; ll. Borrowcr Not RelessMi Forbea�anoc By l.eader Not a Waiver. Eatenaion of th$ time for payment m �5
<br /> �=�''%� modification of amortization of�he sums xecw�ed by this 5ecurity instrument grented by Lender to any successor in inte�est
<br />;,��Gi,Y � �-�-: t� :,,�,;-
<br /> ,;.i '`,� ' of Batrawer shail not opettue to release�he liability of the original Barower or Harrower�s auccessors in intetest Lender —_
<br /> chall n�+t M rr�uirrd tn eexnmence proceedings against any sueeessor in interest or refase to extend lime for payment or -�-�_-�
<br /> �.�r;�,` A�-•.�',- ' otherwite mudify amortization oithe sums secured by this Securiry Insaument by reason o!any demund made by Ihe origlna! �:�:
<br />�;'�`'"�� R'�?"''�"'���� Horrawe�or 8orrower�s successors in interest. Any forbearu�ce by Lender in exercising any right ar remedy shall nrn be a ---
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<br />,,'�;$t��� .:.,,� r walver of or preclude the exercise of any right ar remedy.
<br /> �'� �, 12. 5uccecsors and Accig�Bound;Jolnt aad Several I.i�bility;Co-slgners. The coverwnts and agreements of this
<br /> " 'S���F . 'r,'�• 's Security lnstrument shall bind und benefil the saccessars and assigns of Lender and Boirower,subject to Ihe provisions oP �
<br /> '.'�1�4; _
<br />`::� r. -.:i;�'i:�':�;�;�'s¢ .� � p�uagraph 17.Borrower's covenants and agreements shall be join�and sevenl. Any Borrower who co-signs thix 5ecurity =-
<br /> ..'. ' [�l",h�;!" �;' �nst�ument but does not execute the Note: (a)is co-signing this Securiry Instrument only to mortgage.grant andcoovey that
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<br /> :;„�, � �•�� ��:o .,� Bo�rower's interest in the Property under thc tertns of this Securiry Instroment: (b)is not personelly obligated to pay 1he aums
<br /> ?:�,;, , �;� . ,�;�.t, secured by this Security Instrumenr.and Ic)ugrees that L.ender and any other Borrower may agree�o extend,modify,forbear �L
<br /> '�=•-''�' �``��;�.� , or make any accanmadulions with regatd to the terms of thiY Security Insuument or the Note wilhout that BarowcrS� �"-
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<br /> �����, ___ 13. l.a�aa Charges. If the loan secured by this Security Instrume.at is subiect to u law which sets maximum loan --
<br />_:,;,��•.�; ��' FV�'t�'�.°.�:� churges.and that law'is fi�ally interpreted so that thr interest or other loan cha�ges coflected or to be collectcd in connection �';•�
<br />���y,�-t;1, " a�;;;,�jf�.y;?�'''�;•.� wi�h the loan exceed the permitted limits,then: (a)ony such loan churge shall be reduced by lhe amount necessary to reduce �.::_
<br /> .4''�:,":':' � :�.�;.�,�i�,�=;;�',�•" the churge lo t6e permitted limit;and Ib)any sums ulready collected fran Borrowar which exceedod pertnitted Nmits will 6e .t._•
<br /> '`+��,::' �°: • " �` ���?� refunded to Borrower. Lender nwy choose to make this r�efund by reducin€the principal owed under the Note or by making a
<br /> . .. . •, ";�k;,"4'. .• direct payment to Barrowe�. If A refund reduces pri�ipal.the reduction will be treated as a partial prepayment without any :-�-.
<br />__,, ' �,��"`-��� prepaymrnt charge uncler the Note. s4r
<br /> ��"`�' ���+"' 14. Notke.s. An notice to Bamwer rovided for in this Securit Inshument shall be lven b dellverin u or b =
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<br />"'' �� � • `�'' ;•" �� mailing it by firr+t clacs muil unless npplicabk law reyuire.uu of another method.The nwice shall be dirccted to the Property �'""
<br />- . ^' ', .,��,��.� Address or nny aher udclress Borrow•er designutcs by notice to Lender. Any notice to Lender shall be given by fitst class �'�=-
<br /> =_ � mail to l.enderl nddress s�ated herein or Any other address Lender designates by nwice to Borrower. Any notice provided for -
<br /> ;;:,: i r:�,,,:;'�', ' in this Security Inslniment shall be deemed to have been given �o Borrow•er or Lender when given as provided in this - �.;
<br /> �-,� , ,..L�.1 . �`• "' paragraph. .`T:,
<br /> � "�"'�" "", �'� 15. Covernin Law; Severabilit This Securit Instrument �hall be ovemed b federal law And the law of the ;e�
<br /> .���, _ � ��...`.�._��.�..• . S S� }' B Y r �t
<br /> jurisdiction in whfch the Propeny is locnted. In the event�hu�un�•pmvision orclause of thiti Security Instrument o_ the fYote
<br />`•'��"{"�. "" • ��� � conflicts with u IicAble law,such conflict shall nd Aff'ec�aher rovisians of'thic Securi Intitrumeut or the Note x•hich can ��`'
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<br /> �•�+:i?'.• ` . •�''�";�. be given effec� tivithout�he contlic[ing provlxion. To thfs end the pmvision�of thix Security�Inswment and the Nate are '4"=
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<br /> �� �:� declured to be severuble. ��
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<br /> .�, , �7�p;;�,• 16. Borrower s Copy. Banower tihnll be given one conformed copy of the Note and of this Security Instrument. �__
<br /> ' `.'��� �'� '� 17. 'IFansfer of Ihe 1'roperty or a Benettcipl Interest tn Borruwer. If nll or uny part of the Property or any inlerest in ��;_,_"
<br />_ .,:;�� �r�;,>���ri;
<br /> v, �.,: ,'*;,.��";;yt'` ,Y it is sald or transfemed(ar iP u beneficial inlerest in Borroa•er is sold or tran�fcrred and Borrower is not a natural person) _-
<br /> a.:..�c,
<br />=:,�t,,,,,, ,y��,--r�:� � without Lcndcr's-prior written con.tic:nt,Lender muy,al i1.updwi,rcNuir� ininwJiale paymenl in full uf ull sums sc;cured by �
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<br />_;��h;'" ,y •,�. ;,. • this Securi�y Instnunent. However, this option+hLll nw be exen:ised by 1...:nder if exercise is prohibited by federal law us of ��.�:
<br />` � 1' ���'a��' the date of Ihis Securiry Instrumen�. r,a:��
<br /> �� +�.�i' }.�5, �� r:�; If Lender exeroiseg Ihis optiun,l.ender+hull give Borrower notice of s�ccele�utian. The notice shAll provide a period of ..- �
<br />���"y��.�,f'•. } �.yl���aZ�!+� not less than 30 da �from the date the notice i�deliverrd or mni led wi�hin�vhlch Bottower must all sums secured b this
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<br />' t.,:��;.� 't��,fi�•,k•r,�r:r.�+_�. Securiry In.�ttumen�. If Borrower fuih to pay Ihe�e sum� prior to thc expiration of this period, Lender may invake any
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<br /> �:, r '�'`�r'�`"-'�.�;fr�'•'�+� remedies permitted Ny thiti Securiry Instrument wi�hout funhernotice ordemandon Borrawer.
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<br /> • i'•. '.: `r' 18. Horrower's Right to Reinstate. If Borrower meet, cenuin rondiikinti, Bormw•er shall hnve the right to have
<br /> ' - ��---':Y��'�-��e`�'� � enfrncement of thls SeCUrity ln!ttrument dizr�inlinued n1 nny lime prinr m thc earlier of: lal S duyc(or wch other �►eriod ae
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