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<br /> - or cittKr itakiog of ang p�tc of tlu Pt�op�erty.or for conveyance irt lieu Qf cbi�demnation.are tiatby assigndd�nd. , .
<br /> � � sh�li be�id to I.et�dec. � ` ` ` `
<br /> � In d�e eveaf Pf.a topl qlcing o[thc PropenY. the procecds si�[i be applitQ'[o the sums scc4�t+ed'by ihis�Socuriry ,
<br /> �_ _, - — i,K��.►r wh�he�or�nn_tthet�duc,_witti anY eECess ' w BortQwcr. [n the event af a paqiaE�alcfng`uf�f�e'Pn�petty in, ` - - - —
<br /> - whkh tha fair market vai�o�the Proptrty�mmediately befpre �t mg�s equ�a�o ar grrrfcc�h�n-tNe amaunrof tt�sart��- --
<br /> �by 1his.Secu�ity inspument immediatety 6eforc the tafcing.untesc Bormwer a�Lcttder at�erni�e agrce iri writirtg.
<br /> sums secumt by ehis Savrity instrumet►t shali be ceduced hy the amount of the pmceeds multiptied by the folbwing _
<br /> . frrciioa: (a)the tatal amonne oi the sums secured itnmediately 6efo�r t1�e taicing,divided by lb)the fair m�rjcet.v�lue of the
<br /> . — propeny�mcdiately 6efc�sr the takiag.- Any balance�hait�e Faid.c°H�C°wer. In the evebt of,a p�nial t�ki�g of the � `
<br /> ptopeity in which the fair m�rfcet value of the Propert}F immediately before the ta�ing is less than the amount of thc svms
<br /> ���m���y��;��F.untess go�rower and Lender aherw9sc agee+n writing or uhless applicable taw . �
<br /> - � � otherwisa pcovides.the proceeds shail be applied to the sums secured by this Security instrument whether oc not ihe sums are
<br /> — , �ttxn due. :
<br /> If the propeccy is ahandoned by Borsower,or if.after natia[�y Lender to Bocmwer th�t the condemnor offers to make
<br /> - �r award oc�le a ctaim for damages.8orrowet fa.ils w irspond to Lender within 30 days after the date the notice is givert.
<br /> -- - I.ender is autharized to colkct and apply the proceeds.at its opdori.either to r�storatian or repair of Ihe Property bi to the
<br /> _= sums secured by this Security.Inmuruem.wtie�her or not the�du�• �catian of, eeds to princ shalt not eatend or
<br />_ [lnless l.ender and Bamower otfierwise agt+�e in writing,anY appl' P►oc �
<br /> - postpane the due date of the monthly paymeats nefer�ed to in paragraphs t and 2 or change the amount of such paymen�s.
<br /> - ' 1!. Borro�rer Nol Rela�qed; Fa'beannce BY unde� Not a'Waiver. Extension of the time fot payment ar
<br /> - modfication of amottization of th�sums s�w�6y this Sec+uity�nstrument granted by Lender to any succexsor in intecest, � �.
<br /> of Barower shall not aper,ate to release the liability of the briginal Borrower or Horrower's sncoessors in interes�I.ender �
<br /> - sbal!aot be required to cnmrnence proceedings against any suooeswr sn interest or refwe to extend time for payment or ,
<br /> - «hc�rise madify amortization of the sums secured by this Secvriry Instrun�ent by reasan of ang demand m�de 6y the originat .
<br />= Borrower or Boriower's succe.�.soi:c in intetest Any forbearsnce by l..ender in exercising any rigfit or reme¢y shall not 6e a
<br /> ����`� . � . waiver of or prectude the exercise of any right or remedy. —
<br />_:t° :, 12. Saecessors siad Assigns$ound;Jdat And&veral Liability;Co�si�ners. The covenanGS and ag�eements of this —
<br /> _ : Secwrity Insttumert sfiall bind and 6ertcfit the successo�s and assigns of Lender and'Bo�rower.subject to the pcovisians of �:,_--�
<br /> paragraQf�17.Botrawer's covenants and agreanenu shatl 6e joint and severai. Any Borrower wfio co�signs this Security —
<br /> � Iiatnm►ent but dces aot execute the Note: (a)is eo-siSning this Security lnstcument only to mortgage.gant and convey that �Y
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<br /> . . _�• - Bornnwec's intemst in the Propeity under tfie terms of tbis Security iatitntmca� [b)is not persartally oMigated to pay the aums. . - : _,,,_P
<br /> �- secured by this Security inctramect�and(cl agees that Lender and any other Bonower may apree to extend.ma4ify.forbear '',�,.�_r,
<br /> . .;� ' or malce'any accammodations witit negand to the tetms o€this Serurity Mstament or the Note withoui that Borrower� _ 1'� '
<br /> � consent . ,"-
<br /> ,�'�r�..
<br /> , }3. Lo�aa Cbarges. [f tt►e loan secuted by this Security In.strurnent is subject to a law which sets maximum toan �,�,�,
<br /> charges,and that law is finalty mterpreted so that the intec�.,t ar other loan cbarges collected ar to be collected in connectian ��--_—_--
<br /> �. -
<br /> � with the toan exceed the permitted�imits,then: (a>any such loaa charge shall be reduced by the amount necessary to mduce ___-
<br /> the charge to the pertniued limi�and(b)any sums already collected from Horrawer which exceeded permitted timitc will be ��`�v
<br /> - rafunde�l to Bocrowe�: Lender may c6oase to mal:e this refund by reducing the principai owed under it�e Note or by making a �=�_:=
<br /> ��-�.L.
<br /> � . direct payment to Borrower. Ii a refund reduces principal,the reduction wil!6e trcated ac a partial prepayment without any E-���,__
<br /> - prepayment charge under the Note. '��"'��"'
<br /> •!4. Notices. Any notice to Boaower pravided far in this Security Instn�ment shall be given by delivering it or by ��;�;�;�-- _
<br /> mailing it by first ciac.s mail unless applicable law requires use of anothcr methad.The notice shall 6e directed ta the Property �•�>��=� �� �'
<br /> ' . Address or any other address Borrower de�igctatec by notice to l.ender. Any natice to Lender tihall be given by fit�t cl��s •
<br /> • � .a mail to Lender's address stuted herein ar any other addc�ws L.ender designates by natice to Borrower. Any notice provided for . -_
<br /> in this Security lnstrument shall be deemed to havc been givcn to Barrawer or Lender when given a.ti pravided io this _� . _
<br /> _...�:`. . -=
<br /> -2 P�f�Ph• . _
<br /> �," 15. (',overniag I.aw:Severability. Thi�5ecurity Inti�trument shull ho governed b} fedcral law and the la�v of the _
<br /> : jurisdiation in which the Praperty is iceated. In the event that any provirion ar clause of this Security Inctrument or the Nate __
<br /> conflictc with applicable law.such canflirt sh�ll not affect other provisions of this Security In�trument ar tfie 1Vate which can . _
<br /> ,:,;;x:��., , be given effect withow the conflicting provi�ion. To thiti end the provisians of thiti Securily Imirument anJ Ihe Note ate , , :
<br /> declazed to be+�eeverable. . :=
<br /> � ;� : � t6. Borrawe�'4 Copy. Horrawer�halt be given one rnnformed copy of the Note and af this Securi.y In+trumem. �_��
<br />• � �.' 17. 'IYansfer ot the Property or a Benettcial Inierest in Borrower. If all ar any pan of the Prapeny or any interest in .:. _
<br /> � ic is,sotd ar iransPerred for ii u beneficial intcrest in Bonou•cr is xold ar tranyferred and Horro�ver is not�natural penan) ; :�;`� . =
<br /> ' � :�`�. wittwut I.cnder's prior written consenl.Lendcr may.a1 i��aptian,reyuirr immediatc payment in full af all rumv sccured by : ,
<br /> =':;r• '� this Security lnslrument. Howevet.this optimn�hall not be exerci�cd by L.cndcr if exercise is prohibited by federa)taw a.v o f _
<br /> �, the date of thi�Security Jnstrument. � . . -
<br /> if l,.ender ezercixe�this pption.Lender shaU give Borrowcr notice of acccleration..The notice yhali provide a period of i� . 3
<br /> - nas tess than 3�days from the date the nmicc is delivered or mailcd wilhin which Barrower mu�t pay all tiums sccurcd hy thiti �� .:`• .
<br /> � �;H;�?°,•` Security Inmuument. If Hnrrowcr failti to pay �hese.ums priar to ihe cxpirati�m af t6is periad, I.endcr may imoke any k .
<br /> •-• •%"^• � remedies permitted by this Securiry instrument with�ut funher natice ar dem:+nd on H�rrower. G
<br /> , °+.a��.:n.:.,,= 18. Borrower'q Right to Reinstate. if B��rroa•cr mec�s rettain condition�. Bonawcr �hall.h:wc ihc right to have
<br /> . • enforremem of this 5ecurity In�trument disrc�ntinued at any timc prior tn ihc carlicr of: (al S d.�y�(or�uch rnhcr peri�as
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