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<br /> _ � _ ---- - - - - - - - - — -
<br /> �a.�su�r� -:
<br /> 93. sos��s
<br /> oondema�tfan ar dher trkino of my pan of tha P�uperty.a fa canvay�nce in Iku of ca�dann�tion, aa lurcby arsi�ae�l Nrd
<br /> �i�U be paW�o Lender.
<br /> In�he event of�louil Wcina of ihe Propert�r.�pro�eedti shdl be�ppNcd w �he wm� :au�ed by this Sacurity
<br /> I�duma�t.whe�her or not tha�due, wllh any excess d to Bonower. In�ho ev�nt of�psrtial wking of the Property in
<br /> . which tho tdr mWke1 v�lue oP the P►openy immediwtely before tha udcing ia eqwl to or g►ratar thrn the amaunt of the sums
<br /> �iued by�his Security Inatrument immediatoly befo�!he taking,uoles4 Borrower�nd Lender ahetwisa a�ree in writing.
<br /> the wnu Recurod by thir Securily Insqument shdl be nduced by�1�e�nount of the proceodr�multiplied by tl�e followl��
<br /> fractian: (e11he total�unaum of th�suma secw+cd immcdiately beforo the takiog,divided by!b)�he frir mr+rket vqlue aF Ihe
<br /> a PtapeAy immodiuely beforc ihc tAk[np. Any bal�ncc shWl bc ptid to Borrowcr. In the event of a partial tnktng of thc -
<br /> Property iu which the fair m�rkol valuc of thc Prapeny immediately beforc�he t�lcing is Iess tlwn tho amnunt of�he sums
<br /> socw+ed immodiottiy before tha tAkMg,unlexa Borrower and Lendcr athervvise ag�+ee in writtng or unlesa �pplicAble i�w
<br /> otlKrwise provjder.tho proceedA shd!be applfed to the�ums secured by�hi�Secutity Inawment whcther or not the sums u�e
<br /> �n duc.
<br /> If�he P�perty ia abandoned by Bom�wer,or if.after notice by Lender to Borrawer�hat the cor�demnor offere to ma�ce
<br /> �-- ----- w�uward or n�ttle a clafm for dnmugea,Bc►rtower fail�to r�sp�nd to l.ender within 30 dayR pfter thc date�he natice is given.
<br /> - L.uider ic uuthoriud ro callcc�a�d apply tbe ptocced�.ut its opuan.either to restoration ar�rpair.of the Pnoperty or ro rhe
<br /> � sums securcd by thia Security Inshument,whether or not�hen due.
<br /> Unless Leoder and Bc►rrower ahenvise agae in wri�ing,any appllcadon of proceeds to principul shail not eatend or
<br /> poatpona the duo date of rhe mon�hly paymenls nefemed ta In pamgrophs I and 2 or chnnge the amount of such paymen45.
<br /> I1. BoROwe� Na Relessed; Farbaraace By Lender Not A Waiver. Extcnsion of the time for payment or
<br /> moditication of vnortizatian of the sums secured by this Securily Instrument grnnted by lxnder lo siny xuceessor in intercst
<br /> �;;- of Borrower shall na operate to release d�e liability of Ihe original Barower or Borcower�s succcssorx in intenest. Lender
<br /> �hall not be requir�ed to commence proceedings against eny xuccessor in interer�or refuse to ex�end�ime fcx payment o� _
<br /> '�:;'� otherwise madify amortization of tF�e sums secured by IhiR Security Instrument by re�.�on af ony demund made by the original
<br /> ' Borrower or Bortower5�successor�in interest. Any forbearance by Lender in eaercising smy�ight ar remedy shall not be a
<br /> � a��}�t waiver of or preclude�he exerci�of�ny right or remedy.
<br /> � `�;;� 12. Sueeessorr And Asci�ns Bourd;,Ioint aod Several Li�bflily;Co-stgners. 7?ie covennnts and ugreemems af Ihis
<br />;;'v;�.',
<br />;;�v; Security Insuument shall bind w�d beaeGt the successor.c and assigas of Lender and Borrower,subject to the pmvisions of
<br /> -:?''� __ ' aaraaruph 17. Borrower's covenants and agreements xhali be joint und seveml. Any Borrower wh�m-�igns lhis Security
<br />.�-��;�,� �. :�`'�j• Irisdument but dces nat execu�e�he No�e: (a)ix co-signing this 5ecurily loslrument only to mungage,grartt und convey�hat
<br />•�: �'r Borrower:s interest in the Property under the�erms af thiy Security In+trumem; (b)iK not pe�sonully obliguted ta pny the sum�
<br />.�' secured by this Securiry In��rumcnt;and(c)agrecs thut Lender und any ather Borrower muy agrec�o eztend,modify,farbeur
<br /> or muke any accommodations with regard to �he terms of Ihis Security Ins�rument or the Note wi�hout that Borrower'x
<br /> - � consent.
<br /> , 13. I.ann Chargea If'the loan cecured by �his Security Instrumenl is subject to a law which sets maximum lo�n
<br /> - --— !� charges,and Ihul iaw is iinuiiy interpreted nu ihui l'ne inirrcxi or uii�er iwu�ci�urgr+��11r�ied ur ia be coQecied in cotineciiati
<br /> '� with the loan exceed the permi�ted Ilmi�a,then: (u►any such loan churge shall 6e reduced by the umoum necesaary to reduce
<br /> '�' � '��'�� ' Ihe chatge ta ttie permined limit:und(b)uny sums s�lres�dy collected from Bome�wer which eaceeded rennitted IimiG+will be _
<br /> 4.���.t�.°:�,�..: �.., � _...
<br /> . , - "r�"t.t':� refunded to Borrower. Lender muy chaose to mnke thi,�rcfund by rcducing the principal owed under the Note ar by making u
<br /> '0f"`"' direct ment to Sorrower. If a rcfund r�duces nci ul,the reductiort will be treuted as A ani�l u mem wi�hout an --
<br /> �� °':.��:' P�Y F� P P P� Y Y =
<br /> ��� �.+ �^ � '�-=•+�•-�, pmpayment charge under the Nolc. °°
<br />,_.�:;.: � >-�•.:�::';t� :;
<br /> ', ,,..;�; '���,�,Yx�;�, 14. NoNcea Any notice to Bormwer pmvided for in thiti Securi�y In�trumen�.h�ll 6e given by delivering i�or by o.
<br /> - mailing it by fint class mail unless upplicublc luw reyuires use of unother mcthod.The no�ice shall be directed to Ihe 1'roperty
<br /> •,.,;�; � Address or any dher uJdrezs Borrow•rr de+ignulex by notice �n Lrnder. Any notice to Lender sha)l be given by Grst class
<br /> ` .• ,'�,� mail to Lender:s addre,s sluted fx:min ar any other uddretiz Lrnder detiigautes by notice to Borrower. Any notice provided ior
<br /> '���� in thi�; Security Instrument ,hall bc deemed to huvc t�en given to Borrower or Lendcr when �,iven as provided ln lhis
<br /> �' a` .�h`h;.s��M,•:�.!�,. '
<br /> ,�...r,
<br /> , ;��;;��M:� � b�•Y'� P��roPh • -
<br /> ;� 1S. GovernMg l.aw; Severability. Thi� Srcuriry Imtrument shull be �.overned by fedcrul luw and the I:�w of Ihe
<br /> �t, i ,'�w_�.�:
<br /> . , ,��},. . ju�isdictian in which�hc P�ropcny i,IcxutrJ. In the evcnt tha�any provision or rlause af thiti Sccurity ln�ctrument or the Note �
<br /> ~��"'`.'�r ., conflicts wi�h upplicable luw.such conllict shull not affec�uthcr provitiions oi'thi�Securiry In,lrumern ar�he Note w�hich cun -
<br />- :bY,�i�F���:'�: -
<br /> ' ' ,;w;�ti� . , .., be given effect withuul Ihc ronllicling provisian. To thi.end ihc pro�•i.ie>ns uf thi.Srcwi�y In�i�umrut unJ thr Nute are �-
<br />.���i; r- ".�� •"'°•�• declared lo bc sevcruhlc. .�
<br />-�;,,i' ' ' ,. : �-m'�' 16. Borrower's Copy. Borrower shull In given on�cim(onncd rupy of Ihr Note:md uf Ihis Scrumy In,trument. _`_-'=
<br /> ��"�"° 17. 'I�nsfer of the Pra erl or a Benef'icial lnte�est in Borrower. U'ull or i�n .�n of the Pr rt o�un intcrcst in
<br /> - 'w{,�,�-�i �..,_ .. :,.; p Y )'P' � Y Y
<br /> .:dg' .i:."� it is sold or trunsfcrred lor if a henef�icial imcrc.t in B�imiwcr is si►Id or tr•rn.ferred und Bormwcr ix not u nn�urul penon) __
<br /> withou�Lender�priur written ron.cnt,Lr�der nwy,ul its opliun,myuirc immrJiate puyment in fuU oP ull,um.sccured by -
<br /> �` thix Security Inslniment. Hawever,�his option,hull not be�xerciud by L�nder if ex�rcixe is prohibited by federul luw as ot' _
<br /> . ;:.� �"�..::�u�;'•��,.
<br /> .• �.,,, ,; the date of this Security Ins�rument. -
<br /> - �- � "�•X. , � �' If Lender excrcises thi�optian,LenJer.hull give Borruwcr nnticr of ucrrlrruti�m. The noticc�hall provide u period of -
<br /> "`�. •.,��:.,:•, � not lesx�hun 30 day+Gom the dote�he noticc i�cklevereJ ar moilrJ within which Banoa•cr muxt puy zdl.umti secur+ed by this �':`'
<br /> ' ` •''''��' ` Security InurumeM. If Bortower failti tu pay Ihe,r tiunr prior lo tln rxpiration of Ihiti �xriiKl, Lendrr may invoke un�• �.:.,
<br />_• �,:. �ti,�,. .: ` ,.. .
<br />_:�,. ..,�:' � nemedics permiucd by thi.5crurity In,�rumrnt withuut t'unhrr n�Nire ur dem+md on i3��rr��wcr. "�.
<br />-,: .. , 1& Borrower's Rlght to Reintitate. If Bi�miwcr ntrcl� c�naio ronditiun.r. Burruwrr .hall havr thr riEht to havr �`'
<br />'� enforcement of�hi.Security Intitrunwm Ji�rontinucd al any lime priur to Ihc rarlirr ol': la)S Juy. (or wch o�hrr peri�xi u� ��=.
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