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<br /> � �a���r,�o(�qy prt dt dN propetry�or Pot oonv�'!na is Ibu ul c�ndsa�das.w iwn�+�i fn�d wd .
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<br /> rhdl bs ptld w L.adx � ih�i!be �ppliad w d�a wnu �ecurod by dds SecwhY
<br /> tn da evant d a soaJ tarint d d�e fhopeRY•
<br /> ImpmnpN. wtati�a ar�wt tha�due�with any exoess a BarnMer. In the evaN ot a pattd akip�of tlee Frop�+tY in
<br /> whlch tbe tais matl�et v�lue of the PropaKy imntedirtely befae tho Wcin�Is equ�l W or gte�ter tlwt tfie�tiouM d tha wrt�
<br /> �ecu�ed bY this Security Imuumaw imn�edi�tely beiore tha t�Cini.tm{ew Barrower and Leoder atl�wise apoe i�wridn�.
<br /> tlto tum�savrod hy this Socutity In�Wmmt�11 be roduced bY tMe a�nount of tl�e p�oceedi mulllplbd by the tollpvvin� —
<br /> ft�ctlon: (�)tla WtN�tnoont of�he wms�ecured i�nm�diatety before the tnlcing,divided by(b)the fafr mukct vdue of dwe
<br /> property inunedWrly beforo the W�in . My bdsnce�h�ll be pdd to Barnwer. In the event of a pard�l ukina af rhe
<br /> �y in whkh the fdr malcet vd�of tha Property imm�diuely befao the taking is leas th�n tho amount of tho suma
<br /> �ecurod Imrr�dhtely befa+e�alull be appl�ied a the�iumr cecuned by lhis Securiry In�trument w�haher not�the�ums�e
<br /> otlKtvvise Nrov{da�tho ptoceed�
<br /> thea due. �,¢�er po$onvv►er ti�t d��onde��oor�fers w m�k+e
<br /> [f 1he I'�ope�ty ie ab�ndoned by Bonnwer.or if.�tter notice br
<br /> an award or senle�claim for dunages,Bartow�r fails to respa+�d w Lec�dsE wicQeee 30'd*yR�Ht�t0�e da�e�d°Rw�oe i�given.
<br /> Lender i�aud�orized to collect wnd�pply the pra'eede.�a ies opbo.eidw b�wr�tiaa ar repaur o�tAe P�peily a w the
<br /> �ums securod by this Socuriry Iastrumeub whetlxr or not tileo dae. i�i�� ��s to princip�l shall not extend or
<br /> Unlesa Lender and Bamower otherwise�gae in wri�wg.anY appl P�'i"�
<br /> postpo�the du�drto of the monthlY pAyments refemed ro in paragraPlus 1 and 2 or ohqnge���such payments.
<br /> 11. Bar.a�rer Na Rdasedt Fbrbe�raooe BY t.e.de� Na a Wi�tver. Extehsion pf�he�ima tar Qayment or
<br /> uqd;tic�lioo of,wnortizatian of the aums accwed by�his 5ecudty Instrument granted by l.crider t�.3wy suceessor ia lnurest
<br /> of Borrow�e*al�all nat apente b rek�se the liability of thc original Borrowu or Banu�erk susceasors la i�tc�ru.lxnder
<br /> sAall nd be noq,uired to commence proceedings against any succe�.cor in inte�est urc+Kliuse to e�ck�d Nma�oa'�paYroent or
<br /> dhenvise modifjr unoriization of�he cums secwed by this Security lnsuumenl bX resu�,x�v1F eny de�w�c1 made bp uUoe original
<br /> Bortower a Ifvnqvwer�succe�sora io interest. My forbearnr�ce by Lender in excn�iq�any ri�7 oJ�medy shall not be a
<br /> waiver of ar p�eclade the exer�cise of any right or rcmedy.
<br /> 12. b�ec�r��d��Ps BawW;JMnt and 3ever�l l.labllityi Ca� '�e covenants and�greements of this
<br /> Security losuumtnt shall bind and benefit�he successors and assigns of Lender a�ad!�Borrower,subject a the pmvisions of
<br /> pa�agrnph 17, B�xrowerk covenants and agnxments shall he joint and several.A►aj. Borrower who co-signs tFiis Security
<br /> lnsqument 6ut das not execate�he Nae: (a)ia co-signing Ihis Security Inslnune�l�only to mortgage,grant and convey lhat
<br /> Borrowerls interest in the Piopeny under the terms of this Security Instrumenl: (b)is not personally obligated to puy 1he sums
<br /> securcd by this Security Insuument;and re f ag�ees that L.ender and any ather Borrower may agr�ee to extend,modify,forbear
<br /> or malce any accommadations with �egaJd to the terms of thix Secu�ity Insuwr�ent or the Nate without that Bamnwer's
<br /> can�em.
<br /> j3, �� �l�sgt�, !f!he loan secured by thic Sexurity Inswment is subject to u luw which sets mnximum loan
<br /> charges,ut�d that bw is finally interpretod so that the interes�cx othe�Wun charges collected or to be collected in connec�iwe
<br /> — with the loan eaceed�he pertnitted limit�s.�hen: (u)any such iaan rEuir�e shn��be reduced by the amount necessury to reduce
<br /> � �he charge to the pemiitted lirnit;und(b)w�y sums ulreudy collected frflm Borrower which exceeded permiped limi45 will be
<br /> rcfunded to Bortower. l.ender muy choose ta make[hie r�efund by reduciog�he principal owed under the Nate or by moking a
<br /> dircct payment to Borrower. If a refund reduces prit�efpul.the reductian will be trented as u pnttial prepayment withoul ony
<br /> prcpayment charge uade�thc Nota.
<br /> 14. NMIcCS� Any nolice �o Bo�rower provided for in thin Security Inxtrument shall be given by delivering it or by
<br /> _= muiling it by first class mail unless applicable IAw requirc+uRe of nnother method.The notice shall be dh+ecled t�tha Roperty
<br /> � Add�ss or any o�her uddrc�s Borrower designa�ex by notice to Lcnder. Any notice�o Lender shall be given by first class
<br /> — mail to Lenderk nddress stated he�in or any ather address Lender designute,by nolice to Borrower. Any natice provided for
<br /> — in thix Security Instrumen� �hall be deemed to hnve t�een given to Borrower or Lender when given as provided in this
<br /> P�S�Ph•
<br /> --- 1S. Governing Law; Severabfllty. This Security In4trument xhull be �uvemed by iedersd law und the luw oi the
<br /> "^' jurisdicdon in which the Properiy is laruted. In the event thut any provision or cluu`e of Ihix Securlty Insuument or the Note
<br /> ���- conflicts wl�h uppltcable luw.�uch ronflict yhall not offect o�her pmvision�uf thix Securiry Ins�rument ar Ihe Nde which cu�
<br />_ -- _
<br /> = be given effect without the conflicting pravision. 7b�his end ihe provi4ionn of thix Security Ins�rument and the Nota cu+e
<br />"_'�� declared to bc severable.
<br />``'�� 16. Borrower's Copy. Borrower sboll Ik given one conform��d copy of Ihe Note und of�his Security Insuument.
<br /> — 17. 'llrnnsfer of the Property or a Beneficlol lnterest in Uorrower. If all or uny part of ihc Property or uny interest in
<br /> � it is wld or tronsferred (or if u beneficiul intercs� in Borrowcr i+ snld nr Irnnxferred und Borrower is na u nwurul person►
<br /> ------°— withaul L.ender4 prior wriuen consent,Lender may,ut i��option, reyuire in�mediu�c payment in full of all sums secumd by _
<br /> - Ihis Securiry Instrument. However,this op�ion�hull not I+e exercitied by Lender if exereitie ix prohibited by fedeml luw ac of
<br /> --� — the dute ot'�his Security Inxtrumcnt.
<br /> — — If Lender exercises thfs option,l.ender+hull give Born►w�r naice of accelerntfon. The no�ice shall provide a periad of
<br /> ---��. not les4 than 30 duys from�he date the notice is delivered or muiled within which B�xrower mus�pny all sum.secured by this
<br /> „�:�,;._' Security lnswment If Born►wer fuil. tn puy �hesc sums prior t��ttx rxpiruti�m of thix periud. Lender may invoke uny
<br /> :�:.:::.�.',.�X�i;_„� remedies permiqed by thirc S��curity Insrrumem withaut furfher notice�T demund�m Bom�wcr.
<br />,�;-� ` l8. Borrower's Right to Reinstate. 1f Borrnwcr meels cenaln rondiliom. 8orcow•rr .hull huve �he ribht to huve
<br /> �:{w -• • , rnfurcement of ihis Securlty lnstrumem discominucd ui :�ny timc pric�r t�i�hc car�ic;ot: lal S dt�y�(or cuch other p►:ria1 ur
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