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<br /> ; ' In tt�ievenE nf a tatal�ur�g of tpe pmpe�ty.tbc pa+eads Stt�U be applied Ea the swps sowrod Dy ihis'S�auity�tmwt. . .- .
<br /> �rhetber or not thai due, with�a�r excess l�d to&�uwer.Ht t�e evpu of a pattial•rtalring of t�e Rmp�ty in whid�d�e f�ir_ �
<br /> ` m�d x�loe af the Pmpesty�6efone tbi t�nn��S equai to or grtata ttva We amoem[of the sitms sec�t��ed Isy tllis. .
<br /> �Y�u�immod'�telY.befate tbe tattir�g.nntess Borro�rer aod I.ender othaaise agcre�q vNriting,We smas sawmd 6y
<br /> � _ � ihis`Saauiry I�ama�t sb�il be t+educed by the aaio�R of tl�praceed�muldpliod by tde foUawing tr�ction: (�)d�e wtal
<br /> � amount of tl�sams�secai+ed immedi�tety befuc�e d�e vking.divided b�►{6)the fmr muicet valae of#he Prnpaty'immodi�telY. : .
<br /> ' befae tbe talcing. My balanoe si�ll be pa�d to Bomovver. �In the-evcrn oi a pmial tt�icing of the Pmperty in which�the fair ..
<br /> . market vatne of d�e PmPertY im�tetY befoce�e tai�ng is tes�tmn tbe amotmt of�e sams sepu�i�1Y before t�e -
<br /> , t�ing,�fesg BarcovPer•$nd ts�ader wLecvgise agcsc in vniting or oalzss app�lc la�v uthe�vrise piovides,8�e Qmoaeds shall
<br /> 6e app}iad w tbe smus sewrod tty this Sxurety Instramau wMhe�r or aa tlie suaB are thea doe. , .
<br /> if the Ptoperty�is�abardoned hy Borcuwa.or i�aftts notioe by L�e�der w Borcower ttiat ttie ew�dapmor o�trs ta ae�loa an. .
<br /> awaN or seale.A claim for damagcs.Bo�ower.fa�"Is w iespoad to l.eadtr within 30 days a8er ibe date dte notioG is given, �
<br /> � Le�det is wthotiud Ro'cntlax aM appty 8ie procads.at its.option,siQter io restor�on or�fir of ttie Pmpeity or to thc�tms _
<br /> '. savt�ed by d�is Se4vtity L�ormneort,wt�ed�er ar nut t6cn due. � � : �•
<br /> Unfess l.ender ard Barcower aU�ecwise agcea iri writing. anY application of pmoeeds w prineipal shall not esterd or
<br /> postpoae the due date of thf monthly payments referred ta in paragraphs 1 and 2 or rt�ange the amaent of such payme�ts.
<br /> il.Boeruwer Not Rela�seA;For6eae�tnoe B3r Lender Nat a Watver.Extenston of the ame for paymeat pr moditication
<br /> � �of�port�oaoftbesumssecta+edbqthisSeauitylm�ument��y�nckriomrya�oee.ssoriaintesestofBorf�+wershall -
<br /> no4 operate to release.the liab7ity of the original Borrower or Bormwer's sitooessors in intenest.Lender�ali not be roq�ta '
<br /> . ��'P�BS SS���Y suoces.wr in iaterest or refuse ta extend time for prayment or otl�rwise modify amarti7ation '
<br /> of the � secunod by tLis�Secttriry Insuument by t8ason of ae�y demand made by the original Borrower or Borrower's,
<br /> successora in interest.Any focbearance by T.eader in exercisiug any right or iemed�r shalt rwt be a waiyer af or pzeciude tt�e�
<br /> extacisc of'�anY���?�Y- ' - � �
<br /> 12.Soa�essoes arid �Bauad;Jdtd wd Several Liability, Co�ers. The wvenanu and agre�ents,of ihis
<br /> - Socurity Ins�tnime�►t shall bind and benefit the successors and assigns of t,ende�at�d Borrower.sublect w the provisioas of
<br /> _ , paragraph l7. Borrower's covenm►ts and agroert�et►ts shatt be joira amd severel. My Homawer who co-signs ihis Secvrity .
<br /> -- - lastcumeat bnt does aot execute thc Note: (a)is rn-si�this Se�vrity l�suument onlx w mort�ege.grant md oonvey tdat ' _
<br /> _-- Borrower's intemst in the Propecty under the terms of this Security Instrumen�@)is not personally obligated to pay the sumg .
<br /> - ----- secured by this Seeurity Instrument;a�ut(e)agce�tbat I.ender arx!a�ry nther Bonower may agnoe to extend.modify,forbear or �°
<br /> --`��' matce any aceommodations with regard to the urms af this Security taarument or the Note anthout that Borrower's consent. -
<br /> _--� 13.Loan Clwrges. If the loan secured by lhis Securiry Instrument is subject to a law whicd sets maaimum loan charges. �_'
<br /> — - and that law is finally interpreted so that thc interest or other loan cfiarges ooUected or to be oalietted in coanection with the F
<br /> �__
<br /> --- loan exceod the pem�iaed limits,then:(a)any such faan charge shall be reduced by thn amoum nacessary to reduce the cT�arge r;
<br /> --- - to the pemuaed Ilmit:and(6)aaY sums already colloctod fram Borrawer which exceoded pennitted limits will be refunded to [��
<br />__ _ -- Somawer. lcnder may chaose w make this tefund by mduc�ng the principal owed under the Note or by making a dirrecct °-
<br />_---__�l�°a°— payment to �otrower. If a refund reduces principal. the reductian will be treated as a partial prepaYmeat without any
<br /> --�- :_�� prepaymem cl�arge w�der the Note. .
<br /> �- -� I4.Notkes.Any natioe to Borrower provided far in this Securiry Instsument shaU be given by delivering it or by mailing
<br /> -�`�':'� it by fnst rlacc mail unless applirable law requires use of another method.The nutice sha116e directed to the Praperty Address
<br /> -�=� or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first clacs mail ta ,
<br /> ----' l.ender's addriess stated herein m any othcr address L,cndcr designates by nati¢e ta Borrawcr. A�ty notice pravidod for in this �"
<br /> _r::°�
<br /> --_-`'' Secvtity tnstrument shall be deemed to have been given to�orrower or t.ender when given ac prpvided in this parasraph.
<br /> _-__�_'�! 15.Coveroing l.aw; Severability. This Security Insttument strril be govcrnecf by fe�krsil law and the law of the
<br /> _- �
<br /> �..-°.�=t::•• jtmsdiction in whlch the Property is tocated. b the evem that azry provision or clavse of this Security M.strument or the Note
<br /> _-��'� '' - conflicts'with applicablc law.such conflict shall nat afPcct other provisions af this Security in5trumcnt or the Note whicM can be
<br /> °—�'�"�'`•� given effert without the conflicting provisivn.To this cnd the pravisicros af ihic Sccunty lnstrument and the Note are declared
<br /> _'�``'�`.�`
<br /> -_---_- ta be severable.
<br /> � 16.Borrovrer's Copy.Bormwer shali bc given one rnnfarnxYf mpy of the Note and•of thi�Security instrument. .
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