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<br /> �cpdw�do(�ar a�takL�d�P�d��Y•ar for ccawy+ul�os b liw o�ot�d�u�aa.a��!►��!"� �.• ..�.""°
<br /> �u to�pdd to i.ender. ,ha�� bo �pplkd a the �wns�cured by dtM S�c��Y
<br /> tn tf�e awnt �ot� taal ukin�d the Pwpet�Y•�p�voeed�
<br /> Inqrum�t,whethe�or na tbpt due,with�ny oxoors d to Bonower. In the event df a putW I�kin� of the P��apaty .
<br /> wfiich�e fair m�rlcet valua o[tho P�uneAY imr+�ediately beto�e the ukln�ir eqwl a c►r�rcater th�n tho�unvunt of tfie wms
<br /> �ecw+ad by thi�Secu�itY In�wment inranediately beforo tfa tdcin�.unMaa Bomnwer md Lender utherwise��roe in wrltfn�.
<br /> _- ttia suma secured by tbis Securit�' In�wment dialt be noduced bY the amaunt of the proceeds muldplkd by tbe tdbwlns
<br /> ftsctiaa: (a)the tonl amounl ot Iho eum�securod immedi�tely beforo tho t�kin�,divided by tb)tha fdr mwket velwe nt the
<br /> �� ���f�� �g. My bal�noo sh�ll 6e paid to Bormwar. In the ovent of a p�utid t�nL ot the
<br /> �'oP�nY in which thc fdr m�ricet v�lua of the Propsrty lmmediuely beforo the Wcing is ket�han the�nwunt ot�he wms
<br /> secwrod immodirtely be�'orc the�NB�.eun�wBonOtho�s rums�ecucod by�hia�3ecurity�ln�uumant whetha na��s .
<br /> olherwiae pmvides.Uie proceed� �PP
<br /> - �1�a►due.
<br /> If ttie Ptoperty is abondoned by Bonowe�.or if,atier notice by i.enckr w&�rnuwrr t�at the cosid�,'rtvsor oltere to tn�ke
<br /> an�wud or�ettle e clAim for d�nagex,�ormwar fails to respond to Lender wlthin 30 duy�ufter the d�ce tha notocG la�iren.
<br /> l.ender is authorized to collxt�nd appb tfw Proceeds�at itss ophon,either w rauoruian or repair of tbe Propntl►a w th3
<br /> sums aocurcd by this Securiry Instrumcnt,whethe�ar not then duc.
<br /> Unles�l.ender�nd Bomowet'wh�m�'is�agrce in wridng,any applkation of procceds to principal slwll mt oa�end ac
<br /> p�po�b tlte due dAte of�be monthly paymente nferrcd to In paragraphs 1 w�d 2 or chAnge the unount of such peymaits.
<br /> 1l. Bon�owe*Not Rek�eed; Farbeannae By Lenda' NM,a Wstver. F.�ccension of the �ime for psyment or
<br /> modZficadon of ar�atizrtia�of tha sums suurcd by this Security Insdwnent gr�nted by Lender ro any successor In Inta�est
<br /> �"- ..�' of Barower shall not operata w �elea.+e 11ns liability of ihc originmf 9mmwer or Bomnwerk Auca.asa� in interest.l.�d�r
<br /> - ahdl not be roquired to comme�co pmaedings ogainst any suocessor in Intercst or refuse to eatend t�me for paymenl or
<br /> _- ott�wise modifjr amortization of the sums secwad by�his Security Inscrument,by reason uf eny demand made by the°r�8�
<br />�c Bomower c�r Borrower's successors in interest. Any forbearance by Lendu in,exercising any right or ternedy�ha1��oc be a
<br />�=; � waiver of or preclude the eaerelre of eny ri�ht or rcmedy.
<br /> IZ, Suocesson Aad AssiQna Bound;Jdnt nnd Several Liability;Casignera The covenants and agroements of this
<br />--_; _ 3ecurity lnsttument shall bind and benafit tha successors and assigas of Lender and Borrower. subject to the provisi4ns of
<br /> paragnipli 17.Borrower's covenants and Agrcements shall be joint und Feveml. Any Bomower who co-signs this Securiry
<br /> � In�MVment but doea not execute ttKS Nota: (a)is co-signing this Secudty Instn�me•nt only to mortgege.grant and convey�hat
<br />.��2( Borrowerh intercst in thc Property under�he ternis of tbis Secudty Instn�menr, (b)is not petsonully obligated to pay 1he sums
<br /> secu�d by this Secur�ty lnstrumerN;and(c)agrees that Lender and any other 8mmw'er may egree to extend.modify,fo�bear
<br />.-:_?�� or m�ke any accommodaUons with rcgand to the terms of this Security Insuument or the Note without tl�at Homnwer's
<br /> -z— cnnRent.
<br />` �'`r �3, Lopn Ciu�'ges, lf the laan secured by this �ecuriry insuu� ia�aui�;t to a law u�hich�el.e me.ii�um lonn
<br /> •��� � ',y�;��.,,� cherges.and Ihat law is finally interpreted so that ihe interest or other loan cha;rges collected ar to be collected in connecdon
<br /> ���,, with the loan exceed the petmitted limite,then: (A)uny such loan chnrRe shall be rcduced by�he amount necessuy to reduce
<br /> '�';��;;;. r, •�� the charge to�he petmined limir, and(b)any suma already colfected from Barmwcr which exceeded perntitced limits will be . .
<br /> � dircc�i epaymn t to Borrower e lf a refu d reduces prinsipal,thebreductian�wi 16Pe trBaPed as a paru I prcpaymentbwilhoutnagny
<br /> • � �� -'r:.
<br /> - ' ��fi�'�'+'��. prcpayment charge under the Note.
<br />" � �'��"■t*;'�- . 14. Notices. Any notice to Borrowe�provided for in this Security Instniment sholl be given by dclivering it or by
<br /> ,. ���,�.
<br />- `�'`�%.��;;� � mailing it by first class muil unless applicable Inw reyuires use of another methad.The notice shall be direcled a the Property
<br /> ��`�+�'�`^ �•• Addrcss or any�thcr uddress Borrower designu�es by notice ta Lendcr. Any nnticc to Lcnder shull be given by first class
<br /> ,."f"�'"`.''. '"�'" mail to Lende��Address stated herein or any other address I.ender designutes by natice to Borrower. Any notice provided for
<br /> - �•�"..'��'� -•4 , in t6is Security Ins�rument shnll bc dcemed to huve been given �o BnROwer or�l.cnder when given ac provided io tl�is
<br />- ;s,y,•: • ,t:,:+�-., .
<br /> .�.�,�.�.::. , paregra,ph. _
<br /> " '' °` r � 15. Governing Law; Severability. This Security In.�rument shall be governcd by federal law nnd 1he Inw of�he
<br /> - 4.".•''�';'::.';;_�'.' ,"�`' ' juri�dietion in whieh the Propany iw loca�ed. In the event thal any provi�ian��r clau+e of this Security In�trument or the Nate _
<br />- "�"'�""'�'�'� •'•� �'"�� � conflicts with upplicnble luw,xucn cantlict shull not uffect ather provnwn,ut thi�Se�uriry Intitrumen�u� t��.:"::::'!:e-h="-^• _
<br /> ,:;�'i�',.,;;F,�:,'.�!'. .
<br /> �,�.�,:k� . f� . be given effect without the contlicting provi�ian. Ta�hix cnd the provi�ion�of this. Securiry lnstrument and the Note ure
<br /> �-`.��= � �� �• i �declared to bc severuble.
<br /> ' ' �� 16. Borrower's Copy. Borrower tihull be given orn ccmfannrd ropy ot'the Nnte ond of this Securi[y Instrument.
<br /> '"`'",' ""^`•""" 17, 7lransfer ot thc P�operly or a Beneficial Interest in Bnrrower. If ull c►r uny part oi'the PrapeNy or any in�erest in
<br /> , ,�•�.. .
<br /> "'�':L: � i1 is sold or tronsferred(or if u heneticial imere.t in Borrowcr ix�old or trumfern:d und Bormwe�is no� u nuwra person
<br /> �,, 7 ' without Lender?s prior wriuen cunsent.LeoJ�r muy,ut its option,require immeciiAtc puyment in full of all xums secured by
<br /> .?,. ;_�," this Securily Instrumem. Hnwevrr.lhis�►ption shall not he rxerci.r•ed by Lender il',exerci�e is prahibi�ed by federul luw a.s of
<br /> � ' �!�i�-' � �he date of thir Sewrity Instrumcnt.
<br /> � � � '� If Lender exercises this optinn,Lend�r.hall give Borrow�cr nutice��f acrelen►tion. Thr notice tihull provide u period oi
<br /> '�,� � not kss�hun 30 duy:�from the dute thc noticc i.delivered or muilrJ w•i�hin wfiich Bu►rowcr mu,t pay all wums sccured by this
<br /> ,." - Security Inswment. If Borrowcr failx to pny �hesc �um� pri��r u� �h� cxpirauion of'�hi. �riai, l,ender muy invoke nny
<br /> remedies permined by this Securi�y Inslrument with�mt furthrr noticr c�r dcm:uiJ nn Burrowcr.
<br /> 1& Borrower's Ri�ht to Reinst+�te. If Borrowrr meet+ crnuin cunJitian�, Bi�rcoacr .hull hnve the righ�to huve
<br /> � enforcement of this Securi�y Intiwment dircimlinucd:u unc fime prinr�o th�earlier uf: lul 5 Juy.(or such aher period as
<br /> .t Singk Family••Frnnk Nae/tYeddle S1t�c UNIFORM IN�TR4MM:VT--Umti�rm('orenunt� 9I90 �paRe 4�$A puge.+l
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