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<br /> � In t6e�rent af a topt•tafce�t8;of�he RapertY,tbe pmoeeds sball be applied to�he sums sac�ued by d�is Sccrai�!
<br /> 6usnimae�.wbetl�cr or oot dxn du�with aoy exass pvid to�Bona�va._tn tM evast of a partia!hatang of the Prnperty in � -
<br /> .- �` whibh the fair matk�t value af t6e Ptopaty immodiately'before t�e taicin8 Ls equaI,to oi gteata d�an the aato�uit of the sums '
<br /> . .se�ed tiy this Se�ritSY In�iaame�ely btfae tt�e taking.u�Sotzovirer a�i�eBder a�wise Rgrce in wtiting,
<br /> d�e�.s savted bry this Scciuitjr I�t sbail!�e wdnoed by d�e amw:u of the pco�oaais mnitiplied by the fdbwiu8
<br /> �fra�o� (a)tbe mtat�[of tt�t�sums sec��iyb�e�ne the ta�r�,divided by tb3�F€a�t tetarlrst s�ale��€tbe '. _
<br /> � Roperty in�modi�dY��F the taYmg My bala�x�e strall 6e'paid m Bamowet. In the errau of a pactial taicing of tse , . .
<br /> . PtopHty in�hich tbe fair niairfcet w�lua o�tlie Firapeity montedi�tely 6efote t6e tatcmg is kss tbaa tl�e aaauot of tht�ums._
<br /> sa,�ted iaunediateiy baftKe tt�m�ing.umIe.ss Bo[rovuec aod i.e�oder ad�erwise`agee in writing ar ualas5apQlicable law . .
<br /> � . '�otbawise piorndes.tbe p�oc+eads.shali be applied to the sums sec�nod by this Secnriry Instrwneat w�bethet or npt tbe s�are .
<br /> tf the Pt;u�ty is a�bondaaed bq°BonuvFer.or iF.aRR+'A�t+!'t�nde�to Hori+awtr fhat fhe+oendemn4�'effers to.a�e
<br /> � aa awa�d ar sade a.claon fac da�ges.Boncaarq f�m re�pood w Le�xkr within 3Q�ays afcer fbe dat�the notioe�is gi��veo.
<br /> . � t.mdet is aud�orizod w colbet and apply thc pioceeds,at its aption."either w testoration o�rcpair of t6e�iopetty oc't4.the ,
<br />= sums saxned by dds Sa�tuiry Insnumeat,wbetlier or not then due. � . • • �
<br /> - � � U�S l�ender�td�ar�awer alherwise ag�e�wtitirtg,any ap�li�an oF p�aoeeds w Principai s6�i1 not exteid,ur .
<br />-` ppstpone the�ie daoe uf drd e�hly payma►ts rGfe�re�to in paragr�hs 1 rand 2 or c6ange t6e aimunt of stxh PaYmenes. ,
<br /> , �, `IL Bas�owq Not lteka�ed: Fa�ba�wce By I.eader Na a �Patvtr. Exte�tsion of the time for paym�ra or
<br /> mo�n of a�ar of the stans.sa�urod by t►�is$e�w�tY lasuument 8canted by l.ender w aay�in in�emf
<br /> � 'o�Borrovwe�sTia11 nat opergte to rekase ibe liabilit�of t6e origioal,�$om�wer ar Bo�mwer's s000es�s in inteirs�Leadtr � _
<br /> __ sbJ1 nat�e reqourd�coamae�e Pmceedin&s:against any suc�essor in�a�nefu.se to exte�xf time far p�yment or _ .
<br /> ad�rwis�aadify amo�tizatio�of the samssecu�rd byr this Secarity Iasuumdrt by ieason af any demand made Dy tbe otigiaat
<br /> Ban�vra or Bwmwer3 successas ia inte�•Any f a�b Y l.a d e r in exei�ising aay ri g M or�ennedy shall mt 6e� .
<br /> � wairerof ar pROCiude tde exencise of any rigM oc t�emedy. . ---
<br /> -- ' 12. Suoastas aed A�as Eorud;JWet a s d Sev e n l i.i a b i�l l:C o�a a s� 'I7te coveoants aad a g r e e m e n t s of this _.
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<br /> Securiry Lutrumrnt shatl bind and;henefit tUe suvices.�s and xssigns of I.ender and Bonower,subjoct w tbe pmvisials of � ' __
<br /> - p� V.Bomnwer'�ti;ovet�ants artd a�eemems shatl6e joint and several.Any�amnarer who co-sigas this Sec�itY . --
<br /> - h�strament bat dues not execu�ee the Note: (a)is�this Securiiy In�umeat only to mortgage.grrant andronvey Uat �---
<br /> Barcower's intenest in the Property a�det the teims of this Sec�triry lnstnrtnen� (b)is not personally obligated w pay the sums ��°
<br />_� securcd by this Secmity Instrtm�en�and(c)agaoes that 1.enQer and any wiier Bc�mwer may agoee w extend.modify.fotbear ==�"-°
<br /> '' or make any accomnwdations with tggaM to We tenns of this Security I�tswment or the Note without tGat Bomnwer's �_=_=
<br /> Cohsent. • . �__�`�___�
<br />- _ 13, Lom Char�es. If tt�e toan secuced by this Security lns�trument is subject to a 1aw which sets mautmum loan ���"
<br /> - chatg�s.and tl�at taw as fmally inte�preted so that the interest or other loan charges coilected or to be collected in connation ' .
<br /> with the loan exceed the pemutted 1'imtts.then: ta)any suc6 taan charge shaU be reduced by d�e amaunt neresga;y eo re,duce _ —
<br />-- - U1e¢harge w the permitted l�mi�and(b)any sums alceady coltec4ed from B�nrmwer which exceeded penniaed lirnits will be �
<br /> , cefunded to Bomnwer Ledder may chaose to make this refund by tpducing the prmcipal owed mider the Note or 6y maicing a ���-�;x;
<br /> - �` �ect pay�ent to Borrower. If a teta�d�educ�priac�pal,tke reductiaa wii!be treated ac a P��P�PaYmeert wahout any •;^•�-°��.'
<br /> • preQayme�tt chatge under the Note. ��°���.�'.,__
<br /> � �j��-` I�k Notices. Any notice to Borrower provided for in this Security In.urument shall be givea by delivering it or by �.��:
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<br /> �.�•• mailing it by'first clats maif untcss applicabte!aw requines uye of another method.'llie aodoe sball be directed to the Praperty . s
<br /> . �.: r;:� Addres&or any otl�er addmss Rorrower designates by natice to lx�der. Any rtotice to Lertder shatl be given by first class -. :;.;:
<br /> ���:� � mail toLender's address stata!herein or any other address L.ender desipwtes by rtotice to Borrower. Any notice provided for� ,,�;�:���,,�
<br /> in this Security Iastrument sball be deemed to have been given to Borrower or l.ertder when given as provided in this ' �,�:�
<br />_- ParaBraPh• '' � u.�_;�
<br /> .i� (;ovverniag Law; SeverabAity. This Security Instrument xhall bc govemed by federal law and the law of the _ : •-,. =
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<br /> � _; . , jurisdiction in which the Pmpe�ty is la�ated. In the event that siny provision or clause of this Securiry 1nsm�ment or the Note �'�
<br /> - ^�`-`'�•• cont7iets with applicable law.such canflict shal!not affect other pmvisim�of this 5ecurity t�trument or the Note whicb can ' - •
<br /> ' •`•-'` - be ivea effect witltaut the conflictin vi�ian. To thic.end ihe vicmm of this Securit tasuument and the Note are � -
<br /> ••i,�:�„•:'._�':'� 8 �P� pro Y , . . .
<br /> - �:-` ;'�;.=:; declared to be reverabte. � . � .,:
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<br />- _�". ,�'^..• 16. Borrmver's Copy. Borrower shall be given one ronformed copy of the Note s�nd of this Security lnstrumen� ;�.
<br /> -, .3;.�•`• 17..'llranster of Ihe Pr+a�peety or a Beneticial lotere�t ln Rarrnwer. If all ar uny pan of ihe Property or anx'snterest in , ' ' .
<br /> � �;:4^�; : it is sold or transferned(or if a bcneficial interetit in Borrower is�old or tran�fcrred�nd Borrower is not a naturnl person) ,;,�. �
<br /> �;::�:._ without Lender's prior written eonsent.l.ender may.at its option,reyuire immediau payment in full of all sum.c�ceeured by .
<br />�=' � ���� ,�,_. this 5ecurity Instnunent. Hawevcr.thic option shaii not be ezerrised by L.cnde�if czercisc is prohibited by fedcrai law as of -•
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<br /> �':*-`� the date of ihis Security Inswmenl. '
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<br /> :.h--�"°" !f Lender exerci�thi.s option.Lender shaA give Sormwer notice of ucceleration. The nmtice shall provide a perial of • •. °
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<br /> �i"��� � na[ess thari 30 days from the date the notice is delivered ar mailed within which Borrower must pay all sumv secured by this ` ' '
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<br /> . Security launtmen� If Borrower fails to pay thesc sums ptiar ta thc expira�ion of thi�period.I.ender may imoke any -
<br /> :;,�� .. �: remedies pemiiued by this 5ecurity lnstnrmem without funher natice ardemand an Burrower. � �' '�_.�."�---•'--
<br /> :•.�.,� ,. • 1& Borro�rer's Rig6t to Reinstate. (f Boaawcr mcetti rcrwln conditians. Borrower shaU have the right to have "'
<br /> �• 5; ; enforcement of thls 5ecuriry Instrument dircontinued At any time pricn to the eariier of: (a)5 day!�Im�ch other period ac ,. ,
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