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<br /> • � ''�nrwbn or athee tdclni c�P aay pA n�`the I�o�ieny.a�'ar eonvsyanrt iin lieu of�vndcmno�i�rt,m hee�eby a�ui�d� .
<br /> - ---__ __�,_sTi�lt�._ �=�r.._-:__ - . - - �>,- =- _,- -- - - v �<.� '. - ��_-� -
<br /> ��O �hatt 6e kd.to tf�'sumy tsec`uc�d`by this 5oc�rity,
<br /> � te the tvent at� tat�l takiag oi the Propeny. �he�� w�
<br /> Iit�i�n���whe�hes or Twt lhen due.wilh any excess pai�i w Borrower. !n the evcnt�I'u putiat nhing of thc�ihntipn+ty in
<br /> w
<br /> ,�-
<br /> which ti�e fiir ttw�cet va(ue of the Pr�erty immediate►y befara�the taki�is tquA!to oc greu�c tiwi tUe aReouM of d�e�un� '
<br /> � -- . , �secuee4 by�thi.�Security.leucu�neet;imrne4iat�ly bc�ae the taki�.unTess Ba�rower and�.ender atl�erwise sMee ln writ j. y;`
<br /> lhe sarr�se.cwred by thiq Security lnstrument shali tie redu�'ed 6Y the wnount of tbre p�ac�ds muidplie�by t{te:tdbwi��- - -- ---:
<br /> ' fr�ctian: (a)the totat unount af Iht sums securcd immodi�ly�eforc the takMg.divlded by{h)the fair te�arket value ot the ; .
<br /> - proppty immedi�tety before tAe faking: Any 4�tance shall be p�to Barower. !n the evrnt of a partiat t,icin6 ot the. -
<br /> - pruporty�rt which the fair marlce�valuc of tht PropeKy immedi�tdy befa+t the t�icing is kss ihan tde amouin of the sums
<br /> � socurcd immedixely beforc tha•t�icing:.unkss Bortowtr and Lender bt6erwisa�gree in writing or unkss applicabk law�
<br /> _ � . oli'KCwis�.Pm�'ides�;he p�ceeds shall be applied W the sums seeuted by thiy Security Instrurnent whetlrcr or not the sums are �. _
<br /> —.--�due. .---�- -- --- — - — ----
<br /> � lf the P�mperty is a6a�dosxd by Baivwer.or if.after naice hy icnder ta Bomnwu that the c�ndemnor offers to malie
<br /> ari award or settle s claim for dam�gcs.Bixrowu fails to respond to Lender witl�in 30 days aher the date the notice or oYthe
<br /> , ��r��u��d m cajkct and appty tbe p�oceed-4.at its optiun,either to cestoratioa or repair of the Property
<br /> s�ms secucod byi6is Securiry inst�umrnt,wl�ether oc twt tiien due. .
<br /> Un�s(.e�dec.and Boanwec otherwise agree in writing, any applicution of praceeds to principal shatt not extend or -
<br /> •postpone�he due dau of the monthlY payments rcfemed to in paragraphs 1 and 2 or change the amount of snch payrttents.
<br />_- � 11. Boriower Not RdeaSed: Fabacanae By Lender Not a Wsiver Extension of the dme for payment ar
<br /> � modification of amoRizatia►of the sums secuced by this�Secunty Instrumem gwnted by Lender to asy successor�n inte�est
<br /> of Roaower shalt na operrte to retease the liability of tt�e original Boaower or Borrower�s successors in ir�te�e.ct.l.ender
<br /> ���C requi�ed to commence proceedings against any successor in inte�est ar r�fuse to extend time for payment or
<br /> • o�ervvise modi{y amocwadan of the sums secuced by thfs Secusity Inswment 6y reason of any demand made hy the onginal
<br /> Barowec or Borma�ec's sucCessas in inteses�t. Any forbea�anee by I.ender in eaercistng aay righc or remedy sluzlt nat be a
<br /> . waivei�uf or prectude the exec�iseer€�y right or remedy. The covenanu and a nw�f tt�i� � �
<br /> - L'�. Suocessoss wd As.s�ns 8baad;Jdat�od Sereca11da6ility;Casigaers. S�� . . __.
<br /> .� . 3ecarity t�trumrnt shall bind an�t#iencfit th�sw�socs aad assigns of Lender and Borrower.subject to the pmvuians of , . : :.:....
<br /> ` ' P�b`�Ph 17. Bormwet's eoyeriants and agce�e�ts sttalt ba joint and seve�al.My Ram►wer who co-si�tes this SecurttY . _ _
<br /> ?�r; Insuument Mit does aot eaecute the Note: (a)is co-sigting this Security insuuuxni oniy ta istaitgsSe,g�tet mtd eoavey tha� ---
<br /> oes
<br /> � Boriax,zr s Interest in the Ycopertg'�nder the tenns of Wis Security lactrumenr. (b)is not personalty abligated ta pay the sums _
<br /> � secured by this Secacit}�Inmu��.and(c)agrees that l.ender and any other Borrower may agree to extend,m�fy.fdri�ear
<br /> or make any acccitninadations Rnh r�ard to.the tem�s of this Security inst�ument or the Note wit[iaut that Borrawert
<br />-� cronsenG ` •' " '
<br />: ':h,�• � �n C� r��toan secured by this SecuriEy Instrument;is subject to a law which seu maximum toan
<br />,�;;: charges.and ihat law is finaRp interpreted so that che inter�a�s other Ioan charges cot[ected or to be colTected in connectian
<br /> with the loan eaceed the permiued timits.then: (a)arty such tnan charge shall be ceduced by the amount necessary to reduce
<br /> the charge to the permitted limit;and(b)any snms already collected fram Boiiower which exceeded pecmitted limits wil!be _ __
<br /> -. refuaded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by makin�a F,---
<br /> _ direct payment to Boaower. If a refund reduces principal.the retluction wil}6e treated a5 A partial pcepayment without any � _
<br /> prepayment charge under the Note. �,--
<br /> r,�a-'
<br /> 14. NoH�es. Any notice to Borrower provid..d far in tt�ic Security lnsuument shall be given by delivering it or by �:;';�._
<br /> mailing it by fir�t class mai(unless applicable law requires use af another method.The notice st�all be dirccted to the Praperty
<br /> Addres.4 or any ottKr addrecs Borrawer desigaates by notice tn Lender. Any notice ta txnder shall be�iven by Grst class �,;:_:�'J
<br /> mail ta l.endcry address stuted 6erein or any other addresc l.cndcr designates by natice to Aarrower. Any notice providcd for "
<br /> in this Security Instrumem shall bc decmecl to have bcen given ta Borrower ar Lender when given as provided in this --_
<br /> -: . Para$raPh• � °
<br /> 1S. Governing Law; Sevecability. This Securitg Instr.ument shal!6c govemed by federal �aw nnd the law of the �;;�.,,
<br /> . • jurisdiction in which the Pmperty is lacated. In the event that any pr�wisian nr clause oi thir Security In�trumcnt ar the Note R_�.:-
<br /> , conflicts with applicabte law,such wnflict.hall nat nffect ather provisiony uf thi.r Security Inytrument ar the Note which can �,;__
<br /> - be given effect without thc con0icting provisian. Ti�this cnd thc provitiions af this Security Instrume�t and Ihe Nate are
<br /> ' �� declared tobe severablc. `.
<br /> "� 'f 16. Borrowee's Copy. Barrower shap be given one wnformed copy of the Nate und af this Security lnstrument. -,,
<br /> �•r'{ •l7. 71�nsfer of the Property or a Benet'icial lnterest in Bairower. If all or uny pan aP the Property or uny interest in _ :;�}�
<br /> � it ic sold a tran.qferted(or if a 6eneficial intecest in Borroa•er iti tiotd ar�nsnxferred and Borrowcr is not a natural person) =��t:
<br />::,.� �' without Lendet�s pdor written con�ent.Lender may.ut its oprion.require immediatc payment in fult oi all sums hec�red by
<br /> this Securiry Insuument. However,this option shall not be exerci.sed by l.ender if rxercise ic prohibitcd by federal law ac of .
<br /> w� the date af this Security lastrument.. ' .
<br /> =-t.:��,- _ __ -_ __ Tf.l,ender exercises Ih�aptian.Lender sliall give Hoaow•er notice of acceleratiim. The nvtice tihall provide a period of .
<br /> nat less than 30 days from th�dste the notice is defivered or rtealed u ithin which H�itrawer must pay�aii swnn.ccu��t by thi, - -
<br /> . Security lnstrumen�. If Borr�w�r fails to pay thesc sum�prior to the expiratian aP this periad. Lender may invoke uny
<br /> - dies rmitted b this 5ecurity lavtrument without funhcr noticc ur dcmand on Horrawer. .
<br /> reme y .
<br /> P� .
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<br /> • ti ve the ri ht to h�
<br /> . w .hali ha
<br />• . . te If Borrowcr mcet� ccrt.un cond'+tions. Barro cr S
<br /> ,:', � 1& Borrower a Ri�tht to Reinsta .
<br /> enforcement of this Securlty Instrument discantinuecl at:my timc prinr ta the e;ulicr��f (a)S dayt(or�uch other period ax
<br /> , Singk Frmity-•iannk dlae/FreQdie�1ac liSIkllR;f I�ti7'NC�1Eti'P-•Unitnmi�'ovcnant. 9/9� rpugel�+Jb�nr+�ee..� ,
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