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<br /> ` � . co�zdernnation or othcr takin�o!'any pun of the Property.or for conveyAnce in lieu af condemnation,ure hemby assigned und =-
<br /> nhall ise puld to LenJer.
<br /> ,�;;�„��"'• In �hc evcnt of a tot�l tuking of the Property,thc pracceds Fhull be applted to the sums secured by thi� Secur ty
<br /> Instrument,whether or not then due. with any sxcess piiid ta Borcower. In the event of u paRiul taking of the PropYrly in
<br /> ,:.y,;_ .
<br /> :�' wl�ich the fuir mF.ukct valuc of the PrapeRy immed'e�tcly hcforc the taking is eyual to or greater than the amount of the sums `
<br /> _-��' secured by this Security Insuument immediately before the takin�.unless Borrower and Lender otherwixe ugn:c in wri ng.
<br />:�,�:. -..z
<br /> ;�i� the sums secured by this Securiry lnstcument shall be reduced by the umount of the pmceeds multipUed by the iollowin�
<br /> fruction: (a)the tatul umount of the sums secured immediute ly before the t:►king,divided by(b)the fntr market value of the
<br /> �--- - Properry immediately before the tuking. Any bulnnce shnll be p�id to Borrower. In the event of u puriial taktng of dtc
<br />,=�'�'�, . Property in which the fair market value af the PropertY immedlatcly before thc taking is less thun the amount of the sums
<br /> secured immediately before the taking, unless Borrower nnd Gender otherwise agree in writing or unless upplicable law
<br /> —°�°;';�;""` otherwise provides,the praceeds sdnil be applied ro the sums secured by this Security Insaument whether or not the sums are
<br />;�•��v..,�.g.� then due.
<br /> �" If the Properry is abandoned by Borrower.or if,after notice by Lender ta Borrower that the condemnor offers to mal:e
<br />.�i*Y�ui�?•
<br /> w..� an award or settle a cluim for damages,Borrower fails to respond to Lender within 30 dnys ofter the dute the notice oi�o the
<br />`.a:;._."�'k: ,
<br /> h�,: .. txnder is uuthoriud to collect and appiy the pmceeds.ut►ts aption,either to restoration or repair of the pertY
<br />�:;�..;�-:
<br /> :+�a«. sums secured by thls Securiry Insuument,whether or not then due. �ication of roceeds to principal shull nat extend or
<br /> ,,��_�_�:�-; Unless Lender and Borrower otherwise pgree in writing.anY aPP p
<br />- -�ti,;�`�� postpone the due dute of the monthly payments referred to in puru�raphs 1 and 2 or change the amount of such payments.
<br /> �_��X��t� 11. Barrower Not iieleased; �orbearance BY L.ender Not a Wfliver. Exuns.flon of the dme for paymeut or
<br /> -�__ -_�� modif'ication oF amortlzation of the sums secured by this Security Inshvment grsnted Hy Lender w any successor ir►�nteiest
<br />;:��r���j,�, , of Borrower shstll not opernte to reteuse the tiability of the original Bomower or Borrower�successors in imteres� Lender
<br /> -�'':;��:"�� sh�ll not be required to commence proceedings aguinst uny successor in intemst or refase to extend time for payment or
<br /> _ •_.•t.i; �
<br /> atherwise modify amott[zution of the sums secured by this Secudty Insfiurient 6y reason of any demand made by the ori£�a1
<br />_= r�`��`�� Borrower or Borrower�s successors an inte�cst. My forbe�rance by Lender in exerc[sing any right or remedy shall not!r a
<br />.._��u g�� .
<br /> - walver of or preclude the exercise of any right or remedy.
<br /> -----= 12. Successors nnd Assigns Bouad;doint�a�d S�veral Liabllity;Co-s�gners. 't1►e covenanu and agreements of this
<br /> --�', Secudty Inswntent shall bind and benefit the su��essots and assigns of Lender and Borrower,subject to.t�e provisions of
<br /> -�;==��� paragrtsph 17.Borrower's covenants and agc+�ements shall be joirt and several.Any Borrower who ca���h��e�'ai
<br /> ��;`,' Instrument but dces not execute the Note: (a)is co-signing this Security Insuvment only to mortgage.�r
<br /> =�'�� Borrower's interest In the P[nperty under the terms of this Securiry Instntn►ent; (b)is not pey onally�ex�tend,masfify,tosrbe�
<br /> ' re�u�ed by thLc SecuritY Instniraent;and(c)agmxs that Lender and any other Borrower ma ag�
<br /> — _.�� . or make any ac:contm�ons with regatd to tt►e temis of thi� �:u+�tY �'��='t 4F sh? NorP without that Borrower�
<br /> =� •' consenG
<br /> __}v� •` ' 13. Loaet Charges. If the loan secured by this Security Instrun►ent is subject to a law which sets maximvm loan
<br /> ci►arges.and that law is finaUy inte�preted so t1►at the u►terest or dtder i�oan chatges collected or to be collected in c��duCe ,
<br /> with the loan exceed the permitted limics,then: (a)any such idaaa�char e shali be reduced b the amount�nnl ed����'�k�
<br /> -- y � . •., ihe charge to the per�uitted GmiG and(b)any sums ul�+eady co11 y-ted fiomg o pwer phich exc�eded I�e Y, i�-.. � -
<br /> - � refu[tded to Borro�vs:i.•Lender may choose to make th�s refund b reducin the rinci al owed under the No�tme�L�h Uc�any '
<br /> _ , :
<br /> � dimct payment to Bo�rower. if a refund reduces princ�pal.the reduction will he treated as e Partjal PrePP+}
<br /> _.._--__�.._..�.A prepaymentcharge underthe 1Vote.
<br /> 14. Nuttcea My nouce to �omotver provided for in this Security Instrument shall be given by,delivering ic qr by
<br /> maitin�it by fust class mail unless applicable law requires use of another meYhod.The notice shall be directed to the ProPes'�Y
<br /> Addsess or any othet address Borrower designates by notice to Lertder. My notice to Lender shall be given by first alass
<br /> maii to l.ender's addmss stated herein or any other address I.ender deslgnaces by notice to Bomower. My nvtice Provided for
<br /> in this Security Insuument shull be deemed to have been given to Borrower or Lender when given as pmvided in this
<br /> P��Ph.
<br /> 15. Govern[ng L�w; 3everability. This 5ecuriey [usuu�ment shall be governed by federa! law and the law t e
<br /> jurisdiction in whlch the Propecty is located- In the event d►at nny provision or clause of this Se�urity Insnument ar tha Note
<br /> ecx►flicts with applicable taw.such contlict shall not effect other.pmeistons of this Security Insmlment or the Note vibich can
<br /> _ be givcn effeci without the conflicung provisior�. Tb this end the provtstons of this Security Instnunenc aad the Note are
<br /> _ _ ___� deciared w be severable.
<br /> _ t6. ltnrt�ocrer's(:opy 8�xevwr,sit�l�gisCa one cnnfc!rtnP��opY nf the Note an_d o Af tl+S�Pm�ne,�rtv o�eI1YQintereSt i�i
<br />- - .:�:� iT. 'llranster of the 8'rope�'1.y or a 8ertrilaa�i'..�ts-�a:�.:,�r.inu. Jf at!er�.ng;act
<br /> �
<br /> -- it is sold or transferred(or if a bemeHcial interest in Botrower is sold or transfet�e�l auz�Bn N�'�+�,��f all s �ured bY
<br /> - without Lenderh prior written consent,lxnder may,at ita option,iequire immedia[e payt►i,
<br /> - this Security Instn�ment However.this option shaU not be exencised by I.ender if exet�cise is prolubit�d by federal law as of
<br /> the date of this Securiry Iastrument- ve Boimwes notice of accelerntion "!he nadce s�h�lll provide a period of
<br /> If Lender ex�ercises this opdon,L.ender shaU gi
<br /> not tess than 30 days from the dute the nouce is d�el�ered�m a�f o�e e p'�ratiBn of di s penod+Lender�may�'�.�D���►Y
<br /> = Security 1►�steumen� If Borrower fails w pay Pn
<br /> _°� remedies pemuttcd by this Sesurity Instmment without further notice or demand on Bomower.
<br /> iS. Borro�ver s Right to Reinstate. If Bomower meets certain oondidans. Bo:row�er sha41 ha�e the right to ht►ve
<br /> enforcement of tbis Secutiry Instrument discontinued at any time prior to the earlier of: (a)5 days(or such oiher period as
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