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<br /> Q 91- 1058�8 _
<br /> condemoation or aher tukfn�of uny pert of tho Property,or for conveyunce in lieu of condemnetion,�ro hercby axr�i�ned and
<br /> __ __ ehaii bc paid iu ix�nlw.
<br /> In 1he event of s totsl taking oi tho Pmperty, ihe proceedx shall be upplicd to the sums ,;�cured by thix S�:urity _
<br /> --'� Instrument,whether or not then due, with eny exccsti paid to 8orrower. In �he evont of u paniul taking oP Ihe Propeny in
<br /> - which tho fair market value af thc Property immedintely before the taking i�eyuol ta ar greatc�than�hc umuunt of�he�umg
<br /> necured by thix Securiry Instrument immedialely before the taking,unksti Borrower,inJ L.ender uthenvise ugree in wdtinR,
<br /> -�----'�-' the sums secured by this Security Ins�rument hhull be reduced by the umaunt af the praccedx multiplied hy the followin� �
<br /> fraction: (u)thd wtal amoum of the sumx secured immedie�ely bePare the luking,diviJed by lb)the fuir market valu�of the
<br /> Praperty immediately bePore the tuking. Any balance xhnll bc puid to Borrowcr. In the event uf u p:utiul taking of thc
<br /> Propeny in which tho PLir market value of the Properly immediutely before thc wking in Icss Ihun the umount uf Ihe xumx
<br /> secured immediately before the taking, unleca Boirower and Lender cxhervvise ugree in writing or unlesx upplicublc luw
<br /> otherwisc provides,the proceeds Rhall be applied to the sume xecured by�his Securi�y In�trumem whether or nat the Rums urc —.
<br /> — then due.
<br /> � —�"� � If ihe Properry is Abandoned by Borrower,or if.afler notice by Lender to Barrower that the condemnor offer.r•1�mwkc
<br /> __ un awnni or rettle a claim far damages,Borrawer fails to rewpond ta Lender withia 3U duyx after the dute the nuUce is given,
<br /> - Lender is authorized to collect�d apply the proceeds,at itx option,eilher to rextoration or repuir of the Property or to thc
<br /> '— �ums Recured by this Security Instmment.whethcr or not then due.
<br /> Unless Lender und Borrower otiierwise agree in wri�ing.nny upplicutiun of proceeds to principul shull not extend or
<br /> � postpane the due da�c of the monthly payments refcrred la in purugraphs 1 and 2 or change the umaunt af such puyments.
<br /> !1. Borrower Not Released; ForbeArance By Lender Not a WAiver. Bxtenvian of Ihe time far payment or
<br /> , _ __t��- - ":= modification of umortizutlon af the sums secured by this Securiry Instrument gronted by Lender to any successor in interest
<br /> —__ ___._:,,,.s ti= of Borrower xhall not operate�o release the liubi8ty of the ariginal Borrower or B�xrower's guccessors m interest. Lrnder -�
<br /> __.� shall not be required to conimence proceedings uguinst any successor in intercst or refuse ta extend time far pAyment ur
<br /> otherwisa modify uman:izntion of the xums secured by ihis Security Intitrumcnt by reuxon of any demund muJe by the original
<br /> ""�-- Borrower or Borrower's successors in interest. Any forbeamnce by Lender in exercising uny right or remedy shull nw be u
<br /> ' _ __�`"� waiver of or preclude ihe exereise of uny right or remedy.
<br /> ?'� 12. Successors and Assigns Bound;.loint and Seeeral I.iability:Co•signera. Thc covenunts und ugrecmentx uf this
<br /> R ���
<br /> Security Inetniment shull bind und benefi��he succeasor,z und usxignti of Lender und Borrower.�uhject ta the prc�visiom of
<br /> �,:'�' " psuugruph 17. BorrowerK covenunis nnd ngreements xhull be joint und severAl. Any Borrower who co-signs Ihis Security
<br /> _n }`' Instrument but does not execu�e the Note: (u1 is co-signing�his Securiry Inxtrument anly to mortguge,grant und convey that _
<br /> s�,. Borrower�intereat in the Piroperty under the terms of thh Sccurity Ins�mment; (b)is not per.�onally ubliguted�o puy�hc+ums
<br /> ';V_:T� ,:,;� necurcd by�his Securiry Instrument;und(c)ugree��hat Lender und any other Borrawer muy ugree to extend,modify,forbeur
<br /> �= or mnke uny uccommodations with regard to the tertns of thir Security Instrument or the Note wi�hout tha� Borcowerk
<br /> ';n��.
<br /> - can::ens.
<br /> 13. Loan Chorqes, If�hc loan zecured by thi.r• Security Instrument ix subject to u luw which tiets maximum loun �
<br />,,.g�:�•� �'�:�..+. � charges,und thAt luw iti finully interpreted�o thut�he ime�ext or other loan c:hurgex collected or to t►e callected in connection
<br /> = ''° ` ' with the IoAn exceed Ihc permilted limils,lhen: (a)uny such loan churge xhall be reduceJ by 1he uim�unt necessury la reduce _
<br />�� °' the churge to the permitted limit;nnd(h)uny�ums ulrei�dy collected from Borrower which exeeedeJ perrnitted limi�z will be
<br /> '��...
<br /> - ' ,. ,, refundeJ to BoROwer. Lender muy chaose to muke this refund by rrJucing the principul oweJ under the Nwe or Uy muking u
<br /> ' � ='�����. ° direct puyment lo Borrower. If a retund reJuces principul.�he mduction will be�reuted us u purtiol prepayment withnut any
<br /> +` "' ''i5�'"•'="•' � prepayment churge under the Notc.
<br /> ' - 14. NoNces. Any notice to R�rr�wer provided for in thix Security Insm�menl xhall be given by delivering it ur by
<br /> . ' . r : -� •� mailing it by first cluss moil unless i�pplicuble luw reyuires uxe of unolher method.The notice shull he directed to the t'n►perty
<br /> „� �`�''"�� Address or uny ather uddress Borrower de+ignutex by nntice to Lender. Any notice to Lender shull be given by fint rlu+s
<br /> mail to Lenderti uddrexs,tutcd herein or uny�nher uddres�Lcnckr dcsignatcs by nolic¢to Horrowcr. Any noticc provided for
<br /> �• ; ,,� in this Security Inswment shull be Jecmed to huve been givcn t�� Bortxiwer or Lendcr when given us provided in this
<br /> � ' nrnrnh
<br /> " �.�,,,�;`" p 8l3 Covernin� I.aw: Severublllty. Thiti Securiry In+trument shuU t�e E�wcmed by federal luw and thc luw af thc
<br /> jurizdiction in which the Propeny i. IauteJ. In the event th•rt any pmviriun or cluu+e nl'this Serurity Imtrumem or the Note
<br /> �� ��%��. • contlicta wilh upplicuble luw,xurh runllict shull not ufFect other pnwi.ions iii'�hi.Security Inxtrument or the Note which cun _
<br /> : `� �� `�`�`•�" be given efPect without�he contlicting pruvi,ion. '1'o thiti end Ihe pn�vi+ions of�his Securiry In+�rument vnd the Note urc
<br /> • ...,,-�: . '�• declured to be zcverable.
<br /> �`'`� 16. Borrower's Copy. Borrower xhull lx�iven one confomieJ ccipy af thc No�e und uf this Serurity Inxtrument.
<br /> • Y••ru.�,;,�,�,, l7. 'IYnnsf. uP the Property i�r a 8eneiiriel lnterest in Bu��ower. II'all ur uny purt of tlK Pm�rty or any intcre�t in
<br /> • �� it is sold or tra+nsfcrred lor if u Ixmcficiul intcresl in Borrnwrr i.solJ ur trunsferrcd and Burrower is mit u nulurul penon► —
<br /> �. -'- without Lender:s priar written coment.Lender muy,at it�option,rcyuire immcJiute puymcnt in full of ull,umx securcd by
<br /> ?,. 4•:'.�'�+�" thix Security Instrument. Huwever,this option shall nol be exerci�ed by I.�nJer if exerci�c is prohibited by fcderul luw us of
<br /> " '�+�•'"""' ';••% the dute of�hix Security Instrumrnt.
<br /> • , ,; ,s•"��'� If LenJer exercisex this option, Lender shull give Born�wcr notice of accelrriui��n. Thr m�tire shall�xoviJe a�xri�xl of �
<br />, ,";,_'._ �'_: not lexs thun 30 Juyz frum dte dute the notice ix delivercJ ix mailcd wi�hin which Borrnwcr mu,�puy ull�ums srcumd by thi,
<br /> � Security Inxtrument. If Bortower f'uil� to puy the�c xum�prior �u the espiratiun ul'1hi��xrioJ. Lendcr mny invuke nny
<br /> � ^� �� ..,, . : remedirs�rntiucd by thix Sccurity Inxtrumem withoul furtlrer n��tirr ur Jcmand un fiurrower. _.
<br /> ' IS. Borrower'c RIRht to Reinstate. 11' Borrowrr n�rtx rrrtain rundiliim.. Rorrowrr xhall havr �hr ri�ht �u huvc i
<br /> •� enforcemenl of�hix Security In.trumcnt di.cuntinurJ at any timc prior t�i the carlicr ut': I.0 S Juy�lor�uch othcr�xriixl a.
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