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<br /> �od�athcr talvng of any part of ti�c Pmperty,a foa�+caiive�rance ia tie�of an�rivn.ace he�eby�gued au�
<br /> sh�ll be gaid to Leoder. ' . '- : � , �
<br /> . In the event of A tota!talcirtg�f tiie.F�apertY•th�Pcoc�Is st�aii tie�applied ta the sums secund hy this Sxuriry
<br /> t��..,.n.�r w�or not thcn due.with any eacess paid to Borrower. In the event of a putial taking qf tfia�Property in ,
<br /> - ------wirich-itiefair uuuS�ei value of thc Prope�tyasamediatcly-befa�e-thetaking-is-cquaLtQt�gceater'thar�tNe_arttrnmt of the st�ms _. •
<br /> --- se�med by thi�Security instramerrt innnediateIy before the talcing.unless Boaower artd[.ender othecwise ag�e in writing. --
<br /> the sums secu�d by thu Securicy Inswment shall 6e reduced by the amount of the pt+nceeds multipliod,by the foUowing •
<br /> � f�action: (a)tl�e total amount of the sums secu�ed i.aimediately before the taicing,divided by(b)the f�ir madcet vatue of the
<br /> Fiopert�i�mdiatriq Ixfore the taking. Any hala�e.shall be paid to B.orrower. In the event of a p�rti�!taking of th¢�
<br /> pknpe�ty in which dtc fair market value bf thc Property immediauly before tl�e takin�is tess.than:the amiwnt of the sums
<br /> seccumd immediately bcfae the taking.unless Bormwer and Leader otherwise agree�n writing or uotess�ppiicable !aw ,
<br /> , otherwise pmvides.the pmcads shall be:+pplied ta tBe sums�ecnred by this Srcurity Ia+tnrme�t whethcr or not t6e sums ar�e .
<br /> — the�s due.� ' , •
<br /> • if the Prope�ty is'abandaKd by Eiorrawcr.ar if.atier notice by Lendrr to Borrower th�r the randrmnor offers to make' .
<br /> . an awasd or senk a claim fa damagec.Barawer fail,to mpond to lxnclec within 30 days after ttre date the notice is given; •
<br /> , l,ender is authorizat to colkct and applY the Procccds.a�its option.either to re�toratian ar nepair uf the Property or to the
<br /> ��_ "� the due ctare uf the monthlY payments rcfeired w in parasraphs i and 2 or change t e amount o suc p�rymen . `
<br /> -�mli Barrower Not Re�ased: Forbearsdca.Bg Lendts'Not a Nhlvsr. Eaten.sioa af the time fot.paymrns or
<br /> -' modification of amaRi�ation of tht sums secured Uy this Securiiy lnstiument g�aated hy L.ender to any succesccrr in interest
<br />�=�"-- • oF Bormwer shail not operate to reltase the liability of the original Barrower or Borrower's succe.�.sors m interest.Lender _
<br />'-`�-�' shall aot be i+eqaired to com�e praceedings against smy successor in interest or refuse to extend time for payment or _
<br />,,,;�, othe�wise modify amortization of ihe s�uns secured by this Sesurity iastrumeat by reason af tiny demand made bp the ariginal ' __—
<br /> =-:.s_ Bortnwer nr f�anower's successors in interest. Any forbeatance by Lendec in eaercising any right or remedy shall not be a -- -
<br />--i°- ` waiver af or pmtude the exercise of any right or remedy. ,-
<br /> =- u. Sycce�o�s aM1 p�Bound;Joint aad Several Liability;Ca�signers. The covenants and agreements of this _ _
<br />�-`,'r Security lnspument shall bind and 6enefit the successors and us.signs of Lxnder aad Borrower.sub}ec[to the pr+svisio�s of _-----_
<br /> -•- paragraph !?.Borrower:s covenaats and agreements sitalt be joint and�everal.Any Borrower who casigns this Security �� .=-°_
<br />' , Tnstrument but daes not exeeute the Nate: (a)is co-signing this Secucity Instcument onty to mortgnge,grant and camvey thai • �
<br /> . ' Boirawer�s interest in the Property under the te�ms of this Securitp I�unumenE: tb?is nex all abli ated ta thesu� �..-`L's�
<br /> • secuced by this Security Instrument;and(cj agrces that Lender and any oihet Borrower ma�to ex end.mod�,forbear `;� _
<br /> � • or make any accommodations with regard ta the tetms of this Securitg lnstr�ment or the Note without that Borrower's �� _
<br /> '' consen� �-�::-._�
<br /> 13. I.oqn Clwrges. [f the toan secured by this Security Instrument is subject to u law which sets maximum toan� _ ��w---
<br /> cfiarges.and that law is finally interpreted so that the intere.�t ar other ta►n charges collected or to be coltected in connection '"#°=°
<br /> �_ �_.
<br /> with the foan exceed the pem�itted timits.then: (a)any such loan charge shall be reduced 6y the amouni necessary io mduce ___
<br /> ' the charge to the permitted limix and(b)any sums alieady coAected from Barrower which exceeded permitted limits wip be � ��;-� _
<br /> iefvnded ta Borrower. Lender may choase to make ttas refund by reducing the principal owed under the Note ar by maldng a �_
<br /> • direc{�ayment to Boaower. If a refund reduces principaf.the ceduction wi!{be tre:►ted�s a pa�tial prepayment withaut any ,- ��.�
<br /> ` prepayment char�e under the Note. ` �r�
<br />_ ' 14. Notices. Any notice[o Borrower provided for in ihix Security Instrument shall be given by delivering it ar by =.{,;;1� -
<br /> � mailing it by first ctass mai{unless applicable law mquires use o f anot her met had.The notice�,hall be directed to the Pra p eny . '_.,�:��i.`,.°_•
<br /> Addres�or any ather address Borrower designates hy notice to L.endcr. Any no[ice to Lender rhaU be given by fint clacs _
<br /> � mail to Lender�address stated herein or any other address l..ender designates by notice ta�orrower. Any naticc provided for =
<br /> ' ��; in this Security Instrumenc shall be deemed to have been given to Barrower or Lender when given as provided in this , ti�`
<br /> � '�� P�Ph• _ ��
<br /> . l5. Governi�g Laws Severability. 'i'his Security Instrumcnt tihall be govemed by federal law and the law of the ' r � °
<br /> ' jurisdiction in which the Pcaperty is located. In the event that any provisian or clause af'thiti Security instrumeni or ihe Nate ::�.
<br /> • - conflicts with applicable law.sunc�onflict shall not affect other pravisions of thi�5ecurity tmtrument ar the Note which ran ,_
<br /> � - be given effect without the cantTicting pravision. To this end the pravisions ui'Ihi�Security In+trumem and the NotQ are . _
<br /> . decdared to be severable. � "
<br /> _ 16. Borrower's Copy. Borrower sha0 be givcn anc conformed copy of the Note and of tbiy Security In�trument. �
<br /> � . 17. Transter ot the Property or a Beneticiai lntereat in Borrower. lf ull ar any pan oi!he Propeny ac Any interest in �
<br /> • it is wtd ar transferrcd(or if n bcncficial interest in Borrower is snid or transfcrred nnd Bnrrower is no1 n naturAl person) �•:`
<br /> - � without Lender�prior written canticnt.l.ender may.at it.r•optivn,require imm�diatc p��yment in full af aU sums secured by ,�::i�:,�;'-
<br /> ��. . �� thic Securitjr Instrument. Hawcver.this aption shall nat t+e excrci+cd by I..enBer if excrcisc i�c prohibited by federni l�w as nf • a .� .
<br /> .k the date oP this SeCUrity tnstrament. ' , .. _ :•
<br /> ' '' lf l.ender exercises this apiian,Lender shall give Bnrrower natice of acccleration. The natice shall pravide a periad of .
<br /> . " . + ndt less than 30 days from the dute Ihe nutice is delivered or mailcd within which B��rrawer must pay aA sums+ecured by this :
<br /> • �,:� .: ._.�� Security lnstrument. IP Qorrower fails ta pay thcze wms prinr to the expiratinn of thiv periad. Lcndcr may invuke smy , , :
<br /> r�•�.r�-.• �; remedics permittec!by Ihiw Security Inhtrument witham funhcr natice nr demand on Horrower.
<br /> , °�:�,�• IS. Borrowee's Right to Reiastate. It' Borrowec mCCts tertain condilionti. 8��rrower •halt have the right to h�ve
<br /> , enforcement of this Sccurity Instrument di�amtinucd at any�ime priur to thc carlicr uf: (a)S day�lar.uch other pericxt as
<br />. Singlc F:unily..Fanalt�fye/Yreddlr�tat l'�i1FORN IK7Rl"31F:tiT•-l'ni(urm Covrnani. 9190 �p�t,rQ.,l�p�iRe�� .. .
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