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<br /> . � oou3em�Wion oc at6er.ttiicing of any put of dx PtopertY•ar far canveyanoe in i'ieu d�`ead�m�t BY-����
<br /> s6aU be paid to I+ender. ` � � be applied to the sitms secureA by this Security :
<br /> In the.evmt a�a wtai talonS of tiie Ptopa'cty. pro��4
<br /> ��w�a���.v��h any eace.ss paid to Barower. !n the event af•a partiat aking of the P�operty in :
<br /> �.__ wnicch��m�ri�a vvaavi�r..,y�.�p�imme�iatc{y-0et'ot�e-tl�e-taidn&is aiaa{t�a►bmeater�han the�nouat of tAe sum.c _- - - -
<br /> 'secured by this SceuritY Instrument immediateip before the taktng.untess Bamuwer and l.ender ntherwise-agree in wiit�g,:
<br /> the s�uns.se�u4ed by tttis S�urity[nstsu�nt sh�i be R'°duad by the°mcwnt of the proceed-+muitiplied by ttte folIorving .
<br /> fracdon: (al du totat amount of the sumc secured i�mediatety befor+e the taking.divided by f b)the fair m�fcet value u£thr �
<br /> pe�p�r em�ediauly befocs'the taking. AnY l�at�DCe st�aU be P�id to Bamnwu. (n the event of a partiaU t�icing af the ,
<br /> , p�npetty in wtich tha fair muket ti�atuie of the P�ope�ty iinmedia�eiy�c�oce thr taking is iess than ttte;unouat af thc sums
<br /> • se�med iinmediatety befae tix talong.unkss Bortower and[.endes alxtwise aSme i+�writing oc w�l�applirabte law .
<br /> . otherwise prnvides,the p�oceeds shatl6e applied to the sums secu�!by this Secudt�c Ins�rument whethec or aat tlx sums ato
<br /> �� ' � '
<br /> - �t�p�y��by Bomower.or if,after notice byt t�r to Bortawet that the co�mn�r offiers to make .
<br /> � an twa�d ac seuk a efaim for da�nagas.Bamwer fai{s to nspcsid to i.ender wi�in 30 days after the date d�e notiae is given.
<br /> i,e�r is autl�orize�to'calk�t aod apply the Pcuc�d.s.at its opaon.either to te'storarion or rep�ir of the Prop�ty or ta thc
<br /> sums�6y this S�urity insmunent,tiwl�ethec or aot ct�ea dae.
<br /> l3nless L�ender and Borrower othecwise agree in writing,any apptication of pzoceeds to prittcipa!shal!not extend or _.._—�
<br />_. - po�nr thc doe due of the moathlY PaYments referred tn in�uagraphs i and 2 a change the amount of sueh payments. ._
<br />- 1� �� H� R�: �p�qce gY Leqdee Nat s Watver. �xtensian of the time for payment or
<br /> - ' mo�fraa�tian of amortizatian of the sums secared[ry this Security I�nt granted Iry Leader to asty successor in interest =_�__
<br />-- ' of Bormwer sha11 not agerate to release the liability of tt�e original Borrower ar Borrower's successors in interes�Lender ___Y�.
<br /> = sbait noi 6e nquued to commence p�oceedings against�y su���interest or refe�se ta eatend time far payment or` �--
<br /> _ - • othetwise modify amortizatioa of tfie sums seauced by this Security Insaument by reasop of any demand made 6y the anginal• °--
<br /> " Sec
<br />_��. . l�ormwer a Bormwer's successors in ipteresi. Any for6earance by Lendtr in exercising any right or remedy shali not be a �-- _
<br /> :,. , �-
<br /> _ . waiver of a proelude the exaceise of any right or ccmedy. �covenants and agrermentc of this -
<br /> _-�: . 1Z. Suoces4ors tu�d As�Rouad:]drtt aad Seve�al LisM'lity.Co�ners. _---.--
<br /> z e`'� Secarity Mstruinent sball bi�and b�nefit the successois and as.�gas of L�ider and Bonower.subject to the prov�s�ans of °__-
<br /> - paragraph 1 T.Boriaw e r's c a v e n a n t s a n d a g re e m e n t s s h a 1 1 6 e ja i n t and several.An y Borrower who co-signs this Security �-�}
<br /> � Instiument but does not eaecute the Nae: (a)is co-signing this Security Instrument onty to mortgage.grant and conve�that , ,f ,`.,:,
<br />- , . .., Botrower's inte�est In t he Rape rt y tm d e r d i e t e m�v o f t h i s S e c u ri ty I n s t c u m e n t; (b)i s n o t p e r s a n a l t y obli g ated to pa y the s�m.s :f�^�'
<br /> s e c u r e d b y t h i s S e c u ri t y l n s t r umenr.and(c)a gr�e e s that Lender and any other Bonowee may agree to e2ctend madify.for6ear i�,�`4
<br /> �- or make aay accommodatians with cegard to she temps of this Sesurity Instrument or t he No t e wi t h o n t t h a t B o r r o w e r s �`���-•-Y�-
<br /> ���_�..
<br /> . consenc. .
<br /> 13 I,oAn Chs�rges. If the loan secured by thi�Security In�suument is subject to a law which sets maximum loan ��--_
<br /> � �. _ eharges.and thpt law is finally interpreted so that the interest or other loan charges collected or to be collected in wnnection -_- ��_--
<br /> with the loan exceed the permitted limiu.then: (a)any such loan c8arge shatl be reduced by tiie amuum necessary to reducc __ �
<br /> �; the charge to the permitted limit;and ib)any sums already callected from Bom�wer wfiich exceeded pe�mitted limits wil!be
<br /> _ . c�efuaded to Boauwer. l.ender may chuose to�nake this refund by reducing the principal owed unde�[he I�ate or by making a �.
<br /> d'uect payment to Borrower. Tf a retund reduces principal.t6e�duction w311 be treated as a partiai prepayment without any =�:
<br /> prepayma�t charge under the Nqte. , �'�
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<br /> �q� 111otkes. Any notice to Sorrower provided for in this Security lnstrument shali i�e given by delivering n or by ;����.;_
<br /> `. mailing it by first c(ass mail unless appiicable law requires use of anather method.The noti¢e shall be directed ta the Property _ _
<br /> ��'� Addness or any other address Botmwer de.rignates by notice to Lender. Any notice to Lcmder shalt be given by titst clacs , ___
<br /> y, mail to Lendet ti address stated herein ar any other address I.ender desigrtater by notice to Borrower. Any notice provided far .. . �
<br /> in this Security lnstrument shail be dcemed to have 6een given to Borrower ar Lender when given as pravided "m this �,
<br /> � �ra
<br /> Governing Law;Severability. This 5ecurity Instrument shall be govemed by fedcral law and the law of thc �`�_:...;_
<br /> . jurisdictian in which the Property is located. In the event that any provi�ion or clautic af this Security Instrument or the Note , .-:;;,�4;;
<br /> i. canflicts with applipble taw,such conflict shall nrn affect othcrpravisionti of this Security Imtrument or ihe Nate which ran � _,��_
<br /> �:';� be given effect without the conilicttng provision. Ta thi4 end the proui�ions af thi+Security instrusnent and the Nate are
<br /> " ' deck�red ta be severabte. :.,,:.:���:
<br /> . . `�.' 16. Borrower's Copy. B�rower shall be given one o�formed copy of the Note andof tbiti Security lnstrument. ,...4,,,,,,,-;,. _
<br /> 17. 7Yanske ot the Property a'a Beneticial/nterest in Bon'uw er 1f all or any part of the i'raperty or any i¢��rest in ;.,�„�.;.,,�;..:
<br /> �� it is sold or trancfesred lor ii a beneficial intcrest in Borrower is sald or tmnsferred and Borcower ic nat a natural personl ;.°•'�t�`;,
<br /> ' �r, without Lender's prior written cansent,t:ender may.at its optian.rrquire immediate paymem in fu4E of a11 sums secured by ;��.�_.�,�,,.
<br /> �+� � this Securiry Instrumcnt. Hawever.thic aption shall not bc excrci+ed by l.endcr if excrcixc is prohib'iG�d by federnl law ac of � ;-�,. �e.:
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<br /> '' ": , the date of this Securtry Instrumen� � -."�' -
<br /> � =�•: If Lender exercises this aption,l.ender�hall give Bortower notire af acccleratian. The na�ice shali pravide a prriad of
<br /> "� nw Icws than a0 days from the date the naticc iv dclivered or mailed wi�hin whirh Borroa�cr mu.t pay all�umx sccured by thi�
<br /> `. Security Inwtrume�t. If Borrower Palts to p�ay these sums prior to�he eapiratiun of Ihiti pericxl. I.endcr may i�voke:u�y , .
<br /> S� �+ remediew permit.ea 6y thia Security lnstrument without funher nmice or den�and on 8nrcower. � . , .
<br /> '• �`� ' 18. Bon�ower's Right ta Reinstate. If Burtower meets cettain c�nJiti�mti. Borcower >hall have�he right to have
<br /> �� � enfo-reement of this Security lc�.trument discontinucd a��.'n'time prior ta thr earlier of: (a►5 d�y!�lor!.uch other periaf:�� ' , 'r ,
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