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<br /> - cuntk�mw�iam ui�xin.�idi.i���v�.:���r:.i't sf G'T:t'�F:rt�,ot f•���»•���pnra�n lieu of condemnation.At�e hereby essi�0ed Wld
<br /> __��t�ll ' =——
<br /> ''���. shall be paid to Lende�.
<br /> "- — In�he event af u total �Aking of the Property, thc procecd� �hall t+c applied to thc tium� �cured by this SecurNy
<br /> ��:,�
<br /> �,Y, Inatrument. whether or not Ihen due, wit:�uny ex��exs puid ta Borrower. In the event of u partial tuking of th�Property n
<br /> _- which the fnir murket value of the Propeny immediately 6efo�+e the taking is equal tu or greatcr thun the amount of the Rums
<br /> � xecured by this 3ecurity Instrumem immediu�cly bCfu�C Ihe taking,unlcsc Borro�ver and I.ender Mhrrwi+ve agrec in writin�. . _
<br /> .;� ; thc sum.r xecu�d by this Security In:�trument shull 6e reduced by the umount of�he proceeds multiplicd by the following �
<br /> ' f�uction: (al ihe totul omount af the xums secured immediately befare the tuking,divided by(b)ihe fair market vnlue of�he
<br /> � ,
<br /> " � Property immediately before �he taking. Any bAlance shail be paiJ to tiarrowcr. In the event of n pahinl tnking of Ihe � ,
<br /> ,, _ Propeny in which�he fair murlcet volue of the Property immediately beforc the luking is lexs�han ihe umount�►f Ihe xums c
<br /> � � secured immediately before the taking, unless Borrower and l.ender otherwise ugree in wri[iog or unlctih uppllcable law
<br /> -��:��' d.' otherwise provides,the pnxecds ahall be applied to the sums secured by this 3ecu�ity In�trument whethcr a�not the xums are
<br /> � =.:�-�: thenduc.
<br /> ih-�;;,�'�r;� If the Property is nbandoned by Borrower,or if,ufter notice by l.endcr to BoRower�hat tl�e condemnor offer.c to rnake
<br /> �"�g"=•'"-" " An award or settle u claim for damnges,Barrower fuils to respond to Lender within 30 duyx after the date the natice is given. _,
<br /> ��4' r Lender is s�uthorized ta collec� and upply the prc►ceeds,ut its option,either tu restorution or repuir of lhe Pmperty or to ihe
<br /> ''�"'�'�'� ,. + sums�ecured by thiw Sccurity Ingtrument,whether or not then due.
<br /> f� �:�"��z ��� Unlesg Lender wid Borrower otherwise agree in writing.uny upplicalion oi'proceeds to principul xhall not extend or —
<br /> -`_'�i'a°"`•'�,�'�� pos�pone the due dnte of the monthly payments referred�o in ps►rugruphs I und 2 ar change the umount of xuch paymems. o�:,.
<br /> -- '�� � ' ' 11. Borrower Not Releasedt �orbearance By I.ender Not a Wa{ver. Bxlentiion aP Ihc time far puymNnt or _
<br /> �•����� t moclificatian of umortixation of the sum�tiecured by this Securiry Inatrument granted by l.eader to uny successor in interest �
<br /> � '"'"'"" _ _.,��.,�,�• of 8ortowe�shull not opern�e to releuse the liability of the i�riginul Sorrower ar Barrower's xuccesxors m interest. Lender _`_
<br /> • shall not be required to commence proceedings against uny xucccr�sor in imerest ar refuse tu exrend time for puyment or t,
<br /> :�:: '' ' " otherwise modify amonization of the sums secured by this Securily Instrument by reuson of uny demand made by�he originnl �,;,
<br /> ,. _
<br /> � `:° �` � -�'' ` Bortower or Borrower's�ucceasors in intcrest. Any forbenrance hy Lender in�xercising uny right c►r remedy shnll nat be a � _
<br /> - ___"�'}�; r o . .
<br /> �,-;�,�.•: waiverof or preclude Ihe exercise of uny right or rcrc�cdy.
<br />--.�;:.- ���': 12. Successors and Aasigns Bound;Jolnt and Several Liabillty:Casl�ners. The covenuntx und ugreements of�his �:
<br /> - �; . � •; ,. � Securiry Inhlrument �hull �ind und herx�t�he successon und as�ignx of Lender and Bnrrower,subject to the provitiic•ns oY ��_,.
<br />;::��'q;� �'�" paragraph 17. Borcower's covenon�s �nd agrcements shull Ix:joint and zeverul. Any sortower who co-,ignti this Security �___.
<br />- •� Inslrument but daes not excrute Ihe Note: (a)iti co-signing this Security Instn�ment onty ta mortguge,grunt und convey�hut
<br /> �•,. • • Borrower ti interest in the Prapeny under the tem�s of thix Security Instrument; (b1 is nM penonully obligutcd to puy the sumti �_
<br /> '� � ' secured by this Securi�y Instrument;und(c)ugrzc.r•thut Lendcr and uny othcr SoROwer may ugrce to cxtenJ,modify,forbear --
<br />_ Y ' �'---'.
<br />- �• ,_,,`i��. or muke uny accomm�xiation+ wi�h regurd to the tennx of �his Securiry Instrument or�he Note without �hat Borrower'ti
<br /> . ` conxent. --- -
<br /> -'r� !� ,.,,,,;,1.•�,. , 13. Laan Charges. If the loun xecureJ hy this Security Inslrumrnt is xubject to u luw which +ets muximum loan �
<br /> `��"�" " '" charges,und thut luw is tinally interpreted so thut the interext or other loun churge,cullec�eJ ur to be collected in connection
<br /> . .s; .�::,:.. �:r;.__� with the loun exceed the permitted limus,then: (u)uny ruch loun charge.hull t+e reduceJ by the umount necesxary to reeNice �
<br /> � •`:' ° the churRe�o the permftted limit:und(b1 uny sumn uireudy colMc�ed irum Bu��uwer whi.h c�:cccdcd permitted limits w+ll►+�� _
<br /> � � ' , refunded to Bortowrr. Lender muy choozc to muke this refund by reducing Ihc principul awed under the Nole or by muking u
<br /> H —
<br /> :ku. direct payment w Borrower. If u retund redures principul,the reduciion will he Ireuted ux a puhiul prepayment wi[hnut any —_
<br /> . • � prepuymcnt churge under the Note. _ -
<br /> � 14. Notices. Any notice �o Burrawcr provided fcx in �hi+ Seruriry Inxtrument.hull hc given by delivering it ur by
<br />- � 'o f.'TM�•� o mniling it by�ni clusx m►+il unless applicuMc luw require+use of unother im�hal.The noticr sh�dl he directed to the Propeny -
<br /> ,�(�,', ,, Address or uny ixher addre�x Borr��wer dcsignu�c.by noiicc �o Lendcr. Any nutice to Lender shull be given By fint dasti „t.
<br /> � mail to Lendcr's uJdresti stated hcrcin or uny uthcr uddre.x Lender ckxi�nu�cx hy noticc to Borrowrr. Any noticc providcJ(or
<br />_ in �his Security Instru�nent rhull i►c dcemeJ a� huvc Ix�n givcn lo Borc��wer or Lender when given t�� provided in ihi, ����
<br /> • �••� ' •�� • ' parugmph. �;.:
<br /> '�.•°."'' �� I5. Governins I.uw; Severubility. This Security Insirumem tihull hr �overned by 1'cJcrul luw and thc luw of the Q;;;
<br /> „ jurisdiction in which the Property is kxuteJ. In Ihr evcnt tha�uny pmvixion or clau�r oi'Ihiti Security In.trumrnt or Ihe Note °°�
<br /> � • - . conflici�with appticuble luw,+uch conflirl.hull not ufi'rc�uUxr provisiun+��f thiti Srcurity In+lniment ur the Nutc which cun ��_;
<br />- • • be given effect without the cunllictinF prnvi.iun. Ti► �his eixl the provision.at'this Securiry In�trumem und Ihe Note are .�:
<br /> . ... _ ;? .��,,, �'"
<br /> declared to be severable. '
<br /> - ` °� ° l6. Borrower's Copy. Fi�irrowcr tihull Ix gi��en une runformcd rupy uf�he Notc anJ ot'thi+Scruriry In,trumem.
<br /> � '�,�., . . 17, 7Yansfer oP the Properlv�►r a Beneficial Interest in Rorrow•er. If:iU or any pan of thr Proprny ar uny intere��i n �:
<br /> � i t is sold or trunsferreJ lor if u lxneficiul intcrcx� in Borruwer i..nld��r trun+l'errrd und BoROwcr is not a natur.d prnon)
<br /> ...�' a: � . ' wilhout Lender:s prior writte�i consrnt.LenJer mav,at i1.opliim.rcyuirc immcdiut�pa�ynknt in 1'u l l u l'u l l.rums xec u r e J h y �r=
<br />_ " � this Security Instrument. Howevcr. �hiti uption,hull nrn hc�xrrcised hy Lcndcr it'rxcrcixr i.prohibitrd by fedcrul luw;�ti��f -__
<br /> �-'.�- ' the datc uf this Securiry Ins�rument. �`:,.
<br /> � If Lender exerci.r•es thiz option.Lenikr�hull give Borrowcr nolirc of arccicratiun. Th�n��tice�hall provide u peri�d cit' �_
<br />- � " � nut le,z thun i0 duys Fwm Ihe Ju�e the nuticc i.delivrred ur m:�ilrcl within���hich Hurmw�r mu.�pu��all.um,.crured hy Ihis �„�
<br /> ' Scwuri�y Inti�rumcnt. If Burt'owcr fail+ lu puy thru .wm prior w �hr crpirulion ul'Ihi. period. Lcnckr may invokc uny �-
<br /> " " remedie�permiuc J by t hi,Securi ty In�trmncn�withuut 1'urthcr nu�icc or drmand un Borrowrr.
<br /> .. 18. Borruwer s IZiAht to Reinstute. If Borr��wcr mcet� rcrtain runditiun,. Hurru�ver �hull havc Ihc right tu hav� (
<br /> .� cnforcemcm uf thi,Scruriry b�,trunum Jiuuntinurd u�any iinx priur 1„thr�:irlirr ut': I:u 5 Jay.(ur�urh olhcr�xrial u,
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