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<br />— '��, condemnution ur Wber lWiciny of any purt of the I'ropeny.or fo�conveyancc in lieu uf condemnutir+n,ara hercby a�Ki�ned and �-�,-__
<br /> "•'�� :hall be paid to L.ender.
<br /> "���� [n �he event of u toinl tuking oP�ha Propeny. tho praceeds afiuii be applied to the cums securcd by thi3 Sacu�ity
<br /> .� � ���= Insttument,whether or na then due.wi�h any excesa puid to Botrowec. In the event of u�tfol takin�{of tho Property in c
<br /> which the fuir merket vulue of the Property immediately bet'orc the[akin�ia equul to or grcutcr�hun tl�r uwuuiu uP�Ik sumc ------
<br /> • '� +securcd by thig Secudty !ns[n�ment immediately 6efbre the tuking,unles�8orrower und L.ender otherwise a��e in w�itinY,
<br /> ' �r-g�� ihe suma securcd by this Security Instniment sholl be rcduced by the umount ot the proceeds multiplied by the tollowin� _
<br /> � f�ction: (al the totul amouet oF tho sums+�ecurcd immedialely befor+e tho taking.divided by(b)the fvir muricet vulue of the
<br /> ..;��,-_ - Propeny immediatoly before the wking. Any balunce shall bc paid to Bomowcr. In the rvcnt of u purtiul talcing of the L
<br /> �� � Propeny in which tia fnir market valuo of the Propeny immediately bef��e che taking is less �hon�hc amuunc uf�he aums -
<br /> .,'.,, '�" securcd immediately beforc the toking, unle�a Bomnwer ond Lender othenvise ugrce in writing or unles� opplicable Iqw
<br /> _ ___�-..��- ; o�n,"j�Pro��s��p������aPP��d to the sums secu�ed by this 5ecu�ity Instn�mant whather or not the�un�arc
<br /> ;—.:•�_;.,,'r� . then due.
<br /> '�`" ���� � , tf the Property is ubandoned by Borrowcr,cx if.after notice by Lender to Sortower thnt the candemnor offers to make
<br /> ���' an aword or seale a claim for dama es,Borcawer fuils to rcs nd to Lcnder withio 30 da s nfter the dntc the notice is given, �
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<br /> _--__ _�"�'� Lender is authorized to collect and apply the proceeds,at its option,eithar to rcstoeation or rcpair of the Property or to the _ _
<br /> �'`"�•°:�;�wc; iams secu�d by this Securlty lnstn�ment,whether or not then due. --
<br /> - —�k'�� Unless Lender and Botrowcr otherwise ugrce in writing.uny upplication of proceeds to pdncipul shali not eatend or
<br /> __.�'-"`�`x�„��� , poetpone the duo date of the monthly peyments rcferred to in pura�rnphs I nnd 2 or change the anount of such payments.
<br /> ---°"°' �` 11. Borrower Not Releasedi Forbearance By Lende� Not A Waiver. Eatension of the time for payment or
<br /> �-..;,.:,. .:�..
<br /> .t�.,.
<br />-_=y�,��v:,,- :;,.,: -� modificatiun uP wiwrtizatfon of the sums sccurcd by this Securit;�Instrument granted by Lender to any succecaar in intercst _
<br /> --=-�•; of Bortowor shall not operate to rckuso the linbiliry of the original Borrower or Bomnwer's successors in imarcst. Lender
<br /> T_ .,:.:.,.,�;,
<br /> -�=•;.�:.. � ; � ,, shell not bec�quircd to commenco proceedings agulnst any succassor in interest or refuse to extend time for puyment or
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<br /> ._�r�� otherwlse mod fi y emottization of the sums secured by thls Securiry Instrument by rcuson of uny demand mede by the originsl �___ ._
<br /> :u�- '., ,;•1'� Borrower or Hortower's succeasors In interost. Any forbearance by Lender in exercising any right or rcmedy shall not be a
<br /> L��: •�„"' �� waiver of or precluda the cxercisa of any�ght ar remedy.
<br /> ' �' �� 12. Successon nnd AssiQns Bound;Joint and Several Ltabiiity;Casigners. The covenu�ts nnd ugrcements of this ____
<br /> -�'-�:* � �' �- Securlry lnswment shall bind and benetit the succcscors and Assigns of Lender and Borrower,cubJcct ro the provisions of
<br /> .•. ��a; .: ;:•:-
<br />��;"'�' .o.. ,, parograph l7. Borrower�a covenants artd agrzements shall be joint and several. My Borrower who co-signs this Secudry
<br /> '_..1.,: � �.^,e,,;_. Insuument but does not ezecute the No[e: (a)is casigning this Security Instniment only to mortgage,grnnt And convey thet
<br />�...•�t• •• Borrower's interest in the Property under the tem�s of this Secucity Inspumenr. (b)is not perssonally ohligaud to pay the sums
<br /> �!... .. r.---_.
<br /> •� , p.0� .. ° secured by this Sxurity Instrumenr,and(c)agrces thut Lender and uny ather Borrower muy agree to extend.modify,forbear
<br /> �-�• � a-����• or make any accommodatlanc with rcgard to the tertns of this 5ecurity Insdument or the Note without that Bortowerh =_.
<br />,+�•. "�!*� � ° cansen� �
<br /> d� � 13. Loan Chargea. If the loan secured by this Securiry Insuument is subject to u law whkh sets meximum loan _
<br /> '• �,r ..,:: _� char�es,and that law is flnally interpreted so that the interest or other loan cht►rges collected or to be collected in cannecHon
<br /> � `° ` ,;� •� with the loan aaceed the permitted limits,then: (a)any such ioon charge shuii be rcduceJ by thC mnowii tiecesuuy ta rcdurc - _
<br /> � ' ,���� , the charge to the permltted limit;and(b)uny sums ul�endy collected from Borrower which cxceeded peimitted limits wiU be
<br /> ' ' o refunded to Borrowe�. Lender may choose to make this rePond by reducing the p�incipal owed under the Nota or by m�lcing n
<br />:. • ► "." � dircct payment to Borrower. If u refund reduces principal.the rcduction wfll be trcated ns a partiul prepayment without any
<br /> . + • . prcpayment charge under the Note.
<br /> , ` � . 14. Notices. Any notice to Borrawer provided for in this Security Inswment shnll be given by dellvering it or by r
<br /> . • moilfng it by first class mail unless applicnbk law�equires use of onother method.The notice shell be directed to the Property
<br /> : .. '.. - Addr�ess or uny other eddress Bortower designntes by nocice to Lender. Any notice ro Lender shall be given by tirst class --
<br /> • meil to L.ender's address stnted herein or nny other uddress Lender desianutes by notice to Borcower. Any notice provided for `
<br /> . ��, in this Secu�ity Insuument shull be deemed ro have been given to Borrower or Lender when given as provided in tiiis �`,-
<br /> i;•° . ara [a h
<br /> � p g1S Govereing l.aw; Severability. This Security Instrument shnll be govemed by federul law and the luw of the �_:,�.��
<br /> �' �� ,.:a judsdicdon in which the Property is lacated. In the event that uny provisian or clnuse of this Secu�iry Instrument or the Note
<br /> F'•' ' conflicts wid�applicable law,such conflict shull not affect other provisions of this Security Instrument or the Note which can "
<br /> •• ,� be gjven effect without�he contlicting provision. 'ib this end the provisions of this Securiry Instrument und the Nw� atr+ � e--
<br /> • declared to be sever�bk. —-"
<br /> • �� .,',, 16. Borrower's Copy. l3orrower shall be given one canformed copy of the Note and of this Securiry Instrument. a-`�W
<br /> '�' 17. 71r�nsfer at the Property or o Beneficlal Interen in Borrower. (f all or any pcut of the Propeny or c+ny interest in =_-e
<br /> � , � � it is sold or trnnsferted(or if a beneficiul interest in Borrower is sold or uansferred and Borrower is not u nuturul person) �:;.=__
<br /> � . without Lender's prior wrinen consent,Lender may.ut its option,require immediate puyment in full of all sums secured by .��_-___
<br /> � ., • ttiis Secuciry Inswment. However,this option shull not be exercised by Lender if exercise is prohibfted by federal luw os of ,=;���
<br /> � the date of this Securiry[nstrumcnt. �;;;--
<br /> �. ., .- • , If Lender exereises this option,Lender shnll give Bortower notice of accelerntion. 71�e ootfce shall provide�perlod of
<br /> � , ° , not less than 30 dnys from the date the notice is delivered or muiled within which Borrower must pay all sums secured by this '�r.:
<br /> . Secudry InstrumenG If Borrower fuils to pay these sums prior to the expiratian of this period, Lender muy invake any :.�s:i,
<br /> '� remedfes permttted by this Security Instrument without funher notice or demand on Borrower. �
<br /> ' • 18. Borrower's Right to Reinstnte. If Borrower meets cenuin conditions. Borrower shall huve the right to huve •
<br /> „ •� enforcement of this Security Instrument discontinued ut any time prior to the earlier of: (n)S duys(or such other period us ,
<br /> • � Single Famfly••F�nnle Mue/FreddN Nac UNIFURN INSTRU�tE�T•-Unifurm Covenants 9I90 qra.�e�oJApo��l
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