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<br /> ' �_ caAdemni�ho�t os ad�er t�Ciag of�ay pan��f tt�Ao�ty,or.farconveyan�+c in liru of ooademaatioa.ue hec�eeby�si6ned ui� < ,
<br /> . � sta11 yqp�i�t�l.end� : �
<br /> In tbe.pveat of a ta�at taltiag of the P�upFrty.,the pruauls shsil be applied m the sums sa��d by this Securiry .. .
<br /> _ Mst�u�,vrLetLer or not t�at d�e.witb any ezoesc paid fo Bonvwer.. to the twent of a Qa�iial taking of tha�mperty in ' .
<br /> wtiich the fair nra�icct value of tbe Propeiry ulimediauiy bef�tAe�Icing is equ�l w or greater t6an dte amount of the sums
<br /> sec�n�ed by this Savritq insaummt ironnediately befae tbe t�g.unkxs BQat�wet and l.eale�ot�erv�dse agRe m wtiting, �
<br /> �e sm��hy dns`5caaity b�strument s�li be�oduced by.the amauni of tlie prt+oeeds multiptied by thc toflowing . �.
<br /> � - ` �fractiai: ta)the oot�I�armunt af the suros sec�aed i�nediatelY before tl�i�ting•divided by#h)the€�ir�tmelca vQtna of she- .
<br /> � pro�erey n�nediauty befa+p iho taking. Aby balanoe shall 6e paid to Borrower. In,the ev�t of a paetiat talcing of tbe < ..
<br /> ' Plropatg in wtidt tUt fa'v madcet valu�of the Prt�rtY immediately befo[e U�e ta#ing is less than tfte aaeauit of t�e sums
<br /> ___— . sccu�ed immedi�ely befor+e�6e raTcing,imtes�Bonawer and LeMer athcrvris�s�gree in writing or untess applicable laar
<br />--- ud�erwise p�orides.the pa000eds st�ll be appli�to the snms secuiod iry Utis SecuricY Insuument whett�et or uot tl�e sums at�
<br /> - . `theu t� . � . � . � , . . . . ` �
<br /> � If tbe Propetty is abandan�ed by Bono�ver.�ar if.after�tice by I.cndcr to Boaower thai ttie c�n�emntx'offets w matce �
<br /> ' an awat+�ar set[k a claim far d�mages,Botznwer fails to eoespopd to L,er�der wi�hin 30 days.after the dau t�ie.rotice is g,iven. .
<br /> � I�eris aut�riud to oollect and ePPty the proceeds.at its option:either to restoratioie or repair of tl�e Pmpe�ty or w the .
<br /> . ` � sums secutid by thi4 S`ewrity In.stnm�ent,whed��or not then due- - �
<br />-- , tJnles.s Lender at�d Barawer ntTretvrisb agtee in writing.any appli�aEtion of proceeds tQ PrinciPa!shall uot e:oend ev r;
<br />-= , postpune t6e due dame of the mmlhlY paym�ts t�t'etred.ta in paragraph.g I aud 2 ar change the amount of such payrr�ent�. ' ..
<br />=- 1L Earro�ver Not Rekased: Forbe�we By'l.eeder Not � Waivtr.` Extensien of�the ame far payment or
<br />-' modfication of�on of the suins seata�ed by this StcuritY�ns-t�enerit Branted by l.ender w any succes.sor in iu►crest
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<br /> uf Bamwa shaU rwt aperaie to tekase Utt liability of tfie origitfai Bortower or Bmmwer�s suaxs�ors in imeresi.Lender �
<br />_ . shalY'riot tie required to comtnen�e P�o�din&S against any 4wccessor in interest or refuse w extend wne for paxmern ar ____
<br /> -- ' otberwise mbd'rfy�on o�the sums seeured by this Seairity ta�i Dy n�ccPn of any dem�nd made by the atiginal � --__
<br />_ gotrower or gdrmwer s xuc�rs in inte�est, pay foifieurance by l.e�x0er in txeccising any right or remledy shall not be a : _
<br />__ waiver of or pnectude the exerci.se of any right or n�saly. , � " �;�___
<br /> p ec u e
<br />- ' 12. Suooessor's smd A�ip�Bound;Jdnt and Severaf i.ia6illt).C.o�signer�.The covenants and agc�ments of this �i
<br /> � ' Saurity insdument shall bind and lienefit"We sacc�ssors and assigns of l.mder and Borrowcr,subject to the pmvisions of �+:�`
<br /> �� 17.Sorrowesrs cove�nts an� en;s shap be'omt and several.Aa Bomow�r who co-si this Securi x uxa�=-
<br /> �1wt daes not execute dre Nooe: (�co-�igniag tti�s Security lnstiument only to mortgage.graitt�canvey that - "�=L:.`_
<br /> gorrower§intaest;u the Pmperty under thc term.s of this Security Insaument; tb)is not persunaliy obligamd w pay the sums ���;f=_�=
<br /> , "'F"��' se�ure�d by this Security insa�unettx and(c)agrees that l.ender and any other Borrowec may agiee to extersd,modify.forbear � � :'y�
<br /> " �= . , or matce an accommo�atirnis with w the terms of this Securi Instrument or the Note without t6at Borrower's � - �_-`�
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<br />= 13. Lonn C6arg� If the loan r�ecured by this Security Instr�ment is subject to a taw which sets maaimum toan ��+�=-'
<br /> " charges,and that taw�s fmally interpreted so that�the irrtemst or other loan churges collected ar to be coll�in camection �'`'���=•
<br /> - �*',.~' ' with the tam exceed!he permitted limi�s,then: (a)any such loan charge shali be reduced 6y the amouni necessary to reduce ,��;
<br /> � ihe charge ta the pem�iaod lamit;and(b3 eny sums already cottected fmm Borrower whi�h eaceeded pemdtted Wnits will be � �:�y'
<br /> - •�, x: � � refumted to�Borrower. Leader may chpose ta make this mlurtd by mducing the prirnip;d owed under the Notc rn by making a ��;'.::.
<br />_ - direci pa�t to Boerower. If e reEund reduces principal.thc reducaon wit!be tieated as a partial pnepaymen't without any
<br /> ' -:;�'- P�PaYmert charge under thc'Note. �� �I =
<br /> � ""�`:��_�.'�.� i� Notke� Any noticc to Borrower pravided for in this Serurity Instrument shall be siven by delivecing it or by , _ -`*_
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<br /> r ;�,�,;;�,�•;. mailing it by first etass mail unlcsc applicable law nquires utie of a�rother method.The notioe shall be direct�d to the Anperty ;'
<br /> - :':.t.=;:�-;i;= ` Address or any other address Borrower deYignates by notice tn i.cnder. Any natice w Lender sfiall be givcn by fmt ctass - .
<br /> .;,,_:;,- . , , `
<br /> �::�'•• mail w Le�ers ac�dress stated herein or am!other address l.ender designates by nodce to Borrower. Any notice pravided for _
<br /> ^��=�"��. in this Soc Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this � °
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<br /> , �''�:�_:�.' ' 1�Gorerning l.aw;5evera6Uity. This 5ecurity [n.r•tn�ment shal! be gavemed by fedecal law und tde law of the , �
<br /> �° .�°'•• • -- jurisdiction in whicb the Prope�ty i.c lacated. ln the event that any provi�ion or clause ai this 5ecurity Inctcument or the Note
<br /> '�° �'=.;:� ...
<br /> � � :=}; :�"'� conflicKs with applicable law.such conflict shall not affect other pmviytonx of this 5ecurity laytrament ar the Note which can , - ,
<br /> ' � 1��•.� be iv�n effect w�thaut the conflicti rovision. To this cnd the vi�ionc af this 5ecuril Instrument and the Note are
<br /> =.`:� ,`: �8 P Pr° y .
<br /> , �'';�";�,:.".,'=•. • ' �lared w be severable. .-- .
<br /> �``'�� ''� 16. Borrovrer's Cop�•�orrower shall be given ane canformgcl rnpy af�he Nate and af this Security lactrument. _
<br /> . �'� ' �' �� 17.1Y anster d tl�Property or a BeneticiallMe�t ie$orrower. lf ali ar any part af thc Property or any interest in . _
<br /> z�._� ,.,. ':. °, , -
<br /> . '_;��. . :•� � it is sold ar transferted(ot if a beneficiul interest ia Botrowcr•ix wtd or tramferted and Borrower iti nat a natural penon) ,. . _
<br /> � '�i,�:,_ . without Lertder's priar written comen�LeMler may.at ixc aption.rcquire immediate payment in full of ap wms�ecured by °
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<br /> - ` `�•�" this Security lnstnrment. However.this optian thall nat be exercised by Lender if exercihc is prohibitcd by fcderal law ac ol' -�`- :- �
<br /> ``� '��"•`�'- ' � , .the duu of thi.g Security Inswmen� • � • �
<br /> � � � If l.ender exercises this option,l.eader sirall give Barmwer notice of acceleration. The notice shall provide a periad of ..
<br /> _ •x� ' � not les.g than 30 days from the date the notice i.delivered in mailed within which Burrawcr must pay all yumy secured by this �
<br /> r ��._,��:� .�.�:• ; ,Security Instrument. If Horrower'fails to.pay thesc sums prior to the expiratian af thi� pericxf. Lender m�y invoke any
<br /> �'.�.. . . cemedies permitted by this Security instrumcnt withaut further notice ar dcmand un Bam+wer.
<br /> ' ��.*•-.�..' � � 1& Borrat�er's ItigM to Rela4tata lf Borrower meets certain conditians. Barrower shafl have the right to huv�
<br /> � '•+';`'���` enforcement of this�Security Imtrument discantinued at any time prie+r tn the��rlier af (u)5�1ays(o��uch dher period uti � : , .
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