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202601627
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Last modified
3/17/2026 3:37:17 PM
Creation date
3/17/2026 3:37:16 PM
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DEEDS
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202601627
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�O��O���,� <br />�u�uu/��u�^ <br />Ili the event ofupartial taking, destruction, ovloss invalue ofthe Property &e»ch,u"Partial <br />Devaluation") where the fair market value of the Property immediately before tile Partial <br />Devaluation is equal to or greater than the arnount of tile surns secured by this Security Instrument <br />innmcdiuTc|y bcforc(hc Partial Devaluation. apercentage ofthe Miscellaneous Proceeds will be <br />applied to the sums secured by this Security lnykunnont unless Borrower and Ltndcrotherwisc <br />aorec in writing, The unn*unto[ihc Miyod|oocous Proceeds that will he so applied is determined <br />by mu|dp|Ving the total amount of' the Miscellaneous Proceeds by a purzcniu�),e calculated hy <br />taking (i)the total unuuundofthexums secured immediately before the PoUiu| Devaluation. and <br />dividing i1hy(ii) the fair market value ofthc Property immediately before tile PuMio| Ucva|uu\ion. <br />/\nybalance o[rhcMiscellaneous Proceeds will hcpaid (oBorrower. <br />In the event of u Pudiu| Devaluation vvbooc the fair market vu|oc of the Property <br />immediately before 1hc Partial Devaluation is less than the amount of the ounns secured <br />inooucdiatu|v before the Pudio| [)evaluation, all of the Miscellaneous Proceeds will be applied to <br />the sonuu xecurcd by this Security |nyhunnoni whether or not the mums are then due, unless <br />Borrower arid Lcndcrotherwise agree inwriting. <br />(d) Settlement of Claims. Lender is authorized to co||coi and apply the Miscellaneous <br />Pvncccdx either to the ounou scuurcd by this Security (nntrurnen1, whc(bcr or not then due, Or to <br />oytony|inn orrepair u[thc Property, ifBmrvovver(i) abandons the Property, or(ii) fails to respond <br />to Lender within 30 days after tile date Lender notifies Borrower that tile Opposing Party (us <br />defined in {he next sentence) oOco to settle a claim for damages. ^^()ppoyiu� Puny` means tile <br />third party that owes Borrower the Miscellaneous Proceeds ortile party against whom 8nrroxcr <br />has oright o[action in regard to the Miscellaneous Proceeds. <br />(e)Proceeding Affecting Lender's Interest iothe Property. Borrower will bcinDefault <br />if any uchno or proceeding begins, vvbc{her civil or criminal. that, in Lender's judgment, cou|d <br />result in forfeiture of the Property or other material impairment of Lender's interest in the Property <br />or rights Under this Security |nstrumenL Borrower call oorc Such a Default and. i[ucue|c,aLion has <br />oucuned, reinstate as provided in Section 15. by causing the action o, proceeding to be dismissed <br />with o ruling that, in Lcodc,`s judgment, precludes fbrteituo: of the Property or other material <br />impairment of Lender"'s interest in the Property or rights under this Security Instrument. Borrower <br />is unconditionally assigning to Lendur1hc proceeds of any on/ood or claim for damages that are <br />aiidbo(uhlc to the impairment ofLcndcr's interest in the Property, which proceeds will be paid to <br />Lender. <br />0. Borrower Not Released; Forbearance by Lender Not u Waiver. Bonov/erorany <br />Successor in Interest o[Borrower will not bcreleased fir000 liability Under this Security |nstromcni <br />iff-ender extends the tirne for payment or modifies tile amortizatiOn OftllC SLIMS secured by this <br />Security Instrument. Lender will not hcrequired iocommence proceedings against ,my Succcusor <br />in |n|crca|ofBorrovvcr, or1orefuse to extend time for payment orotherwise modify amortization <br />of the sums secured by this Security |nsbuouuu\, by reason of any demand made by the original <br />Borrower orany Successors inInterest *f8urrower. Any fbrbeuronccbyLendcrinexercising any <br />d6iorrcnocdyinc|udiog.vviibout|imitu|iou,I-cnder`mucoeptooccofpoynncotn0roouihioJpcoons <br />entities, or Successors in Interest ofBorrower or in amounts less than the amount then due, will <br />not be uwaiver o[ or preclude the exercise of. any right o,remedy by Lender. <br />9. Joint ant] Several Liability; 8i9uatoricm; Successors and Assigns Bonn(]. <br />Bonnp/er`y obligations and liability Under this Security Instrument will be joint and several. <br />Uo*cvcc any Bnrruv/crvvho signs this Security |nabuo`en| but does not sign the Note: (m) signs <br />weoxAxxA-a"li'Fa" k —rreuicm"m"*,m° <br />
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