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<br /> ooadenru�don ar oldr taki�ot wy p�rt d the P1�naperty.�t for convera�e in lieu�of candanr�t�oa.an Mnry a�i�ned Md ..
<br /> dWl be p�id to I.�ler. � .
<br /> -- !a tlte�sat�t a tesa!�a!tl�e!°4opaty.tl�e�eax��S!!_bc sq�pl�ed tQ�e n+�.eec�.r!��Bees� .
<br />---°- - -- -- ��'w.wn1'w�w iww a1Wt tMtC.M'ipt IM7y oi►�caa pw w as�w�nwai. m mY v��aw.n�pw.nw���....�• � — - .
<br /> wlrich d�e P�ir mdckt value of tWe Property inane�dletely befae ilie akin�ia eqwl to or�th�n the amount al�e �ira+�
<br /> �ecurod by tbis Secudty InwurtKnt lmrnedfakly before the teking.wkre Ho�rower and L,ender aherwfu��+ea i�t�wridn�. .,
<br /> �he wnu eecwoi!ry thii Security Luoruma�t�h�ll be roduad by the,�tiount ot thopra multipliodby thp fdbwins
<br /> fnelion, (d dK lotal�tnount o[the wms�ecwad immediately betocc the takin�.divided b�)the f�lr muket vdue d tha
<br /> pmpeny inurKdlatcly fseta�e the tnking. Any balance shall be patd to Borrower. In the event of a parde! takin8�nff�
<br /> �in wbieh tha fiir mulca v�lue d t1�e P�opeRy immodiately befoi+e the taking is ku th�n tha�unowu of tbo wms
<br /> irtwnediMely beta+e the t�king. unlast Bomnwer and LeMer otherwise a�ree in writing ar unles�applicsbla I�w
<br /> olherwi�e provldes.the proc�ods�hall ba applkd to the r�nu iecumd by thie Secwity Inswment whatikr or nat tha wms u+e
<br /> tlian due.
<br /> ' If Ihe Propnty i�ub�ndoned by Botrnwer,or If.�ftar ndice by Lender to Borrower thu Ihe condemnor offera w m�ke
<br /> an�wNd ar�eale a cWm far d�ma�a.Baro�cr feils to nespond to Lender withln 30 d�ys aRer'the date tho notica ia givrn,
<br /> Lender is Qutlwrized to colkct and apply the proceeds,at its option,either to rc�toratian or rcpair of the Property a w d�a
<br /> wau secwrd by Ihis Sacurlry lnctrument.whe�her or nat then duo.
<br /> Unless Lader md Barower dherwfse�+ee in writing.any eppliantlon of proceods w princip�l slnll nnt extend or ,
<br /> postpone tho duo date of the monthly pnymenta rcferted ro in ptuagraphs 1 and 2 or changc�ha amount of such pay�t�eut.s..
<br /> 11. Borrewer Not Rdeiacd; Fbrbe�r�na By Leader Not a Waivd: Eatension of tht dme for payradM or
<br /> modif'kytion ot a�ortlzation of the sums sxwed by thia Securiry Insbvment gnnted by l.ender to ony suceessa���tue�est
<br /> of Borrower shpll not operate to i+eleaso the Uobiliry of the orlginal Borrower or Aorrnwerl�sucoessors!n interest,,�nder
<br /> sh�ll nat be requircd to commarce proceedinga ag�inat any successor in intercst or refuse to extend time fa payment or
<br /> otherwise modify amortization of�he suma�d by this Secu�iry Instrument by reason of eny demand made by ihc original
<br /> Baaower ar Barower'a auccessors in interost. Any fabearwnce by Lender In exer�cisin�any right or r�medy ah�li not 6e a
<br /> wdver of or precludc IF�c eaercise of any right or r�emedy.
<br /> - 12. 5ucceasors sued Assl�ns Bouad;Jdat aad Sevenl Li�biltty;Co-sigeeea. The coverwnts and agrceme�it's of this
<br /> Securi�y Imtrumrnt shsll bind and benefit the cucassorx und assigns of Lender and B�rrower.subject to the proviaions of
<br /> �graph 17. Borrower's covenants end agreements shull bc joint end scvcrnl.Any Borrower wha eo-signs this Secudty ,
<br /> nsuument but does not execute the Note: l�)is casigning this Security Insuument only to matgage,grant and convey Ihat
<br /> Batrower's intercst in the Property under the tertns of this Securfty Instrumen� (b)is not personaliy abligated to pay the suma
<br /> secured by�his Securiry Inswment;end(c)agrees�hat L.ender und any other Bomower may ag�ee to eatand,modiiy,forbear
<br /> or malce any �xommodatfans with�egerd•to Ihe tcm�r of this Security Insdument ar�he Note�.i�uithout Ihat Horrower�a
<br /> COIICeM.
<br /> 13. l.oan Cb�ea If the loun secured by this Serurity Insuumenc Is subject to a law which seta�makimum loan
<br /> rl�+rges.end that lew 4§f3nnlly inte�+rete•i�n�hnr the i�terpw!�r Mher I�n�hurge.a callecied or u►6e collected�in connection
<br /> wi�h the loan exceed the permitted limits,then: (a)any sqch loan churge shali be reduced by ihe nmaum aecessar�to reduce
<br /> the cf�arge ro tix pe�mitted limit;and Ib)any sums already collected from Borrower which efcceeded pemiitted limi�s wlll be
<br /> refunded to Borrower. Lender may choose to muka this refund by rcducing the princlpt�l owed under the Note or by melcing a
<br /> diroct payment to Borrower. If a r�fund reducex principal.the reducrion will be trewed as a pnrtiul prepayment without any
<br /> prcpayment charge under thc Note.
<br /> — 14. Noticea Any notice�o Borrower provided for in this Securi�y lnslrument shall be given by delivering it or by
<br /> — mailing ft by fi�t clasa muil unless applicable law requires urc of anaher method.The notice shall be directed to the Property
<br /> Address or any other uddrexs Borrower designates by notice to Lender. Any notice to Lender siu►II he given by fir�t class
<br /> m�il to l.ender's addresx stated herein or any alher addr+e�s Lender dexiFnales by notice to Borrower. Any notice pmvided for
<br /> in this Security Instmment shull be deemed to have been given to Borrower or Lender when given us provided in this
<br /> __ Parngrnph.
<br /> ' ls. Governin�LAw; Sevembility. Thiti Security Instrument shull be govemed by fcderul law and the law of�he
<br /> _-- jtuisdiction in which the Property is lacated. In the event that nny provizian ar cluutie of�his Security Inswment ur the Note
<br /> -.,, conflicts with npplicable luw,such conflict shall not affect other pruvisiuns of�his Security Instrument or the Note which cun
<br />--_�a 6e given effect without the conflicting provision. To this end the pmvisimm�f thiti Securiry Instrument und Ihe Note are
<br />_.:�. declared to be severnble.
<br /> m_ 16. Rorrower's Copy. Borrower tihall 6e given one conform��i copy ot'�he Note iuid of this Security Instrument.
<br /> 17. 7�ansfer of the PropeMy or A&neticial Interest in Burrower. If ull or uny pan of Uie Prapeny or any intercs�in
<br /> ".:'� it is sold or traacfermd lor if a beneficiul interest in Borrower ix xold or trunsferrrd and BoRO�ver iti not a natural person)
<br /> __'� without Lender's prior wrinen conxent. Lender muy,ut it+option,reyuire immediu[e paymem in full of ull sums secured by
<br />°�'� this Securiry btsirument. However,this optiun sfiall nat be exercixed by l.cnder if exenixe is prahlbited by federal luw as of
<br /> -�— ihe date of this Securiry Instrumrnt.
<br /> �-� If Lender exercises this option,Lender shpll pive Borrower noticr of nccelerution. The notirr shull provide a period of
<br />-_:;� nw lesx than 30 duys from thc date the notice is delivered or muiled wi�hin whKh Bom�wcr mu+t pay ull xwm xerured by thix
<br /> Securlty Tnstrument. If Borrower fails to pay thesr xum. prior�o�he expiration of�hi, periai,Lcnder muy invoke uny
<br />'_''�•� remedies permilted by this Security Instrument without fanher nrnire u�clemunJ on Borrower.
<br /> 18. 8orrower's Right to Reinsts�te. If Bnrcowcr mcets ccnuin cc.nJi�ium. Borrowrr>hall havc ihe riRh� tn have
<br /> '-� enforcemeM of Ihis Security Inurument discominurd at uny time prior to the rurlirr i�f: Iu1 S days(or+:uch other period u�
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