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<br /> caedenuution ar aher akin�of any put of the Propeny,or for convey�nco in Neu of condemn�tlon�u�e he�rby aui�ned and
<br /> �h�ll bo paid w Lender.
<br /> !n the ovenc of � twal tWcing of the Propeny. tho pmceeds eh�l� be apPiied to the �uma sxurcd by this Sxu�iry
<br /> lnslnunent,whether or not�hen due,with nny aacesa pafd to Borrower. In tho eveM of a purtial t�king oi Ihe Property in
<br /> which�ho fair murret value of the Property immediatcly before the taking ia equal to or grcater�han the amount of the rums
<br /> aecurod by this Security Instrument immediately before thc teking,unless Borrower and Lender atherwise agrec ln wdting,
<br /> - -� ---� the sums secered by this Security Instn�ment 9ha11 he rcduced by the amaunl of�he praceeda muhip)kd by the following
<br /> frec�ion: (a)thc taal umaunt of tho sums securcd immaliutcly before the�aking.divided by(b)the fair market value af the
<br /> :� Propeny immediAtaly befom the takiug. Any balwnce sholl hc puid to Borrower. In the cvent of o�partial teking of 1hc
<br /> - Propetty in which the fafr market valae of the Properly immediately befo�e the teking ia less than�he umount of tho sums
<br /> ssecurcd immediately before the taking. unless Borrower and l.endc�othcrwise agree in w�iling or unless applicAblo law
<br /> otfwrwise providas,the proceeds shull be applted ro the sums secur�d by thia Security Inswment whetF�eror not tha sums are
<br /> . ----_ - � aw��auC. � _
<br /> -_-��__-=-u-=, If the Propc:rly ig ubandoned by Borrower.or if,after notice by l.ender to Bortawer�hat the condemnor offens to mnke
<br /> _ _
<br /> an awwd or senle a cluim for damuges,Borrower fails to respond to Lender wi�hin 30 duys after the date�he notice is given,
<br /> Lender is authorized to collect and apply Ihe praceec�s.at ita aption.ei�her to restomtion or repair of the Property or co the
<br /> � — sums xecured by this Security Instrumeni,whather ar not ihen duc.
<br /> � Ualeas Lendar nnd liorrower othenvisc agree in writing.uny Applicution of procecds ta principAl shall not extc�d ar
<br /> " -- �!'S?� postpone the due date of�he manthly puymenlw�eferred to in parngraphs 1 and 2 or chunge the amaunt of such payments.
<br /> ll. Borrower Not Releasedi Fbrbearnnce By I.ende� Not A Woiver. Extension of the time for paymem or
<br /> modification of amortizutian of the sums secured by this Security InstNment gramed by Lender to any successor i�interext
<br />,�_: '� of Borrower shail not opernte to release the liability of Ihe ariginal [iorcowcrar Bnrrowerls successors in interest.Lender ---
<br /> _�• � shall nat be required to commence proceedings agninst any�uccessor in interest c►r refuse to ex�end time for payment or
<br />;U:: • ,.�:^.
<br />-��� �- „.:;;�';,d otherwfse modify amorlization of the sums securcd by this 5ecuri�y Instrument by reasan of any demnnd made by the originul
<br /> �-��.'',,;. Borrower or Borrower's successors in interetit. Any forbearance by�.ender in exerci�ing any�ight ar remedy shall nat be u
<br /> _ waiver of or preclude the excrcire of any right or remedy.
<br /> •?;• .,, ,;;• 12. Successors and Asslgns Bound;Joint s�nd Several I.iability;Casigners. The covenants and ngreements of this
<br /> Securi�y Instrument shall bind ond benefit the successors and ugsigns of Lender and Borrower,subjec��n the provision�of
<br />- ' paragroph 17.Borrowerk covennnts and agreemsMti chull be joim and severul. Any Borrower who caAignl this Securiry
<br /> � `'`f'�`� Instrument but dae�not execute the Note: (a)is co-signing this Securiry Instrument only�o morlgage, grant and camey that
<br />'.d, ; �x � ;���;y;,;• Borrowerk interest in the Property under the terms of thiw Security lnstrumem; Ib)is not personully obl igated ta pay the sums -
<br />_. ,>� ;.1 ;,,�'' '���. '..: secured by this Security Instrument;and(c)ngrees�hat Lender nnd any other Borrower muy ugnee to ex�end,madify,forbeur
<br /> - ' '�:t�.;�d �` �`-�°' or muke any accommodations with regard to Ihe termx of this 5ecurity In�lrumem or the Note without ihal Borrower's
<br /> c ` 'i�s�' consenl.
<br /> , �'��""`�''";;����, 13. l.apn Cherges. If the loan tiecumd by this Security In�trument is Kub�ect to u inw which+ets maximum icran ` -
<br /> ._ ', .�, , � ��� chargea,und that Inw is finolly interpreted zo thul the intereu ar ather loao churges collected or�o be callected in connection
<br /> � '`�''� with tlKS loun exceed the peRnitled limits,then: (u1 uny xuch loun charge shull be reduced by the umount necesKUry to re�luce
<br /> .�;?_y, ,. ...:. ' �`i�°:
<br /> ����4�,,,ti 1,�� � the churge lo the permitted limit;and(b)uny xums ul��ly rollccted from Bonower which excecded pem�it�ed limits wilt 6e
<br /> _ , . , _,�.�,a ; refunded to Borrower. I.ender muy choosc lo makc�his refund by reducing�he principal owed undcr Ihe Note or by making u
<br /> , • direct puyment to Bom�we�. If a refu�d reduees principal,the reductiun wfll be treated ur•u punial prepuyment withaut uny
<br /> • " ' � preps�yment chnrge under the Note_
<br /> , ''.'�:. ^ +' � 14. Notices. Any naice to Borrower provided for in�hiti Security Inxtrument shall be given by delivering il or by
<br /> ;;;t�.; ;;; ... .. muiling it by fint cluKx mail unlc+s upplicablc luw reyuircti uxe of another methaJ.The nwice shall Ix direrted to the Propeny —
<br /> _ ' ���� •;;?.• .,-� Addrr�e or uny othar uJdres+Borrower designa�en by notic��o LcnJcr. Any noticc ta Lender zhull tx given by iin�t class �
<br />•��. f.. • mail tu L.enderk uddms�sw�ed herein or uny othcr uddre„Lendcr Jcnignatcs hy notice to Bnrrower. A ny�otice provlded for
<br />'-:n,, ' , , in this Securily Inwtniment xhull lx dremed �o huvr heen given to Rorrow�r or Lcnder when given us pmvided in thix
<br /> . _..�.�..��,: .. . • puragrrph.
<br /> '�" �x. -+�• � 15. Governing I.aw;Seve�ability. This Sccurity Inslrumcnt shull Ix: govcmed by feJrrul luw und thc luw of�he
<br /> ,' . .
<br />- .. - ., . -' jurisdiction in which th�{'rop�rty i,I�xa�ed. In thc c::c:;:::::�n,;•:o:•:�.::�:c:r,l::u�,:c:!'thir.Security ln+trument or the Nate `-_
<br /> �' " �;, ' .����' conflicts wi�h rppliruhle luw.�uch conflic��hall not at'tccl othe�pnwi,Nms of�hi�Serurily In.lrument or Ihe Note which can Q---_
<br /> . ' • ` �'' be given eff'ec1 wi�hout Ihc ronflictint; pmvision. To this rnJ thc priivisiam ui' �his Security Inti�rw�xnt nnd Ihe Note urc -
<br /> ` � � ,,:'�:�.: declarcd�o tn uvcruM��.
<br /> ''�'" 16. Borrowe�'s C Borrowcr tihull hr �ivrn oin runl'umicd ro ot'Ux Nntr anJ�►f this Sccurit lnstrumen�.
<br /> ' � . •�::y,�a �y � ry r
<br /> � 17. 'llrunsPer of tBe Property or a Beneficfxl lnterrst in Rorrower. It'sdl��r uny part of thr Pn�pcny ar any interest in �—;�"
<br /> ' � it is �ald or tran.tcrccd lor if u ixnrfirial imcrc.l in Bonowcr i.xold or iran.l'rrreJ unJ�ium�wcr i+ not u nawrul pe�onl - �
<br /> `Y,\. . ��t,� .:° "�. withuui Lender. prior writlen cunsenl. Lrnder may.ut ii.optiun.Ryuirc imnmdiate ps�ymcnt in full��f all xumx xecun:d by
<br /> .• �, ��• thia Securiry loxtrument. Hnwcvcr,lhis uption xhull not lx excni.eJ by L�ndcr it'exerci+r ix pmhiMteJ by federnl luw us of �•°'
<br /> , '� ;,,• :• .,• tho du1�of thisSecurity Inslrument.
<br /> `'`�� �' If LenJer exerci,cz this uptiiin.Lendr�shull�iv�Bi►rcuwer nMicc ot�accck rutiun. Thc nutirc�hall pravide u period of
<br /> �ri^• , �r. , :,�',;;;; ��,4.�
<br /> �. .. �'•f. ,�. not Ic�s Ihun 30 days fr�xn thc Julr th�nulirr i�delivrrrd or mailcJ�vi�hin�vhich Bam�wrr must pay al I,um�xerurrd hy this
<br /> � ' . �.. •_ .�,., ::.,�: Serurily Instrun�cM. If Bixrowcr f�ik to pay Ihctic .rum� priar tu thc rxpiraiian ul'Ihi. �xricKi. Lea�r muy invoke uny �''..
<br /> ' remcdics permiurJ by this Sccurity In.trumrnt withuut funhrr nu�irr ur JrmunJ un Nurnxvrc "� ;
<br /> '� ' � , ...�l�: 18. Borrower's RIRht to Reimtale. I1� Hurrmver mretti crnuin c�mdili��n.. B��rrowrr shall ha�•e �he righ� to huve
<br /> '' � • '�:'�"�i enforcem�nt uf this Security Inxtroment Jiscon�inued+u uny iim�prior lo Ihc earlier ut`. �a 1 S Jays I��r<uch uther�xricxl u�
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