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<br /> �, cundemnation or othcr takin�aP any purt of thc Propurty,or far convey�nce in lieu of cnndemnution,um hereby avxi�ned und
<br /> -- ---- «hall he�nid to L.ender.
<br /> = In the event of u totul tulcing of the Property. Ihe praceeds shall be uppl�ed lo �he sum�rcecurcS i�r iii{� :�.urii�
<br /> -�..:� -
<br /> _�� Instrument,whether or not then due,with uny exces.r•puid lu Buiruwer. In the cvcnt af u purtial taking uf the Pmpetty in
<br /> _ which the fair murket voluc af thc PrapeAy immediatcly bePare the taking is equal �u or grcat�r than�hc um�wnl aP the sums
<br /> ^ xecurcd by�his Securlty InRiniment immcdinlely before the�aking.unlexc Bortawer and Lcndur�Nherwir,c agrcc in wdting. --
<br />, '_�-�_ __ .. the sums secured by this Securlty Instnimem xhal) he redured by thc umount af�hc praceeds muhiplicd by thc fallawing
<br /> -: - � froction: (a)the totel amount of Ihe sumx secuted immediu�ely before the taking,dirided I►y(b)�he fair murket valuc uf Ihc ��-
<br /> - �-' Propeny immediutely before the taking. Any bnlance xhull tx pt�id to Burrowcr. In the event of u partial taking of the
<br /> , � Property in which the fair merket value of the Property immediatcly before the tuking is Icas thun the umount oS Ihe sums
<br /> xecured immediutely before the tuking, unlesx Bortower und Lendcr othcrwir�e ugree in writing or unlesr� upplicable luw
<br /> —�`-', otherwise provides,�he proceeds sfiull be applied to the sumx secured by�his Security Inxtrument whether or not thB sums are
<br /> .-�i�.: � tNen due.
<br /> _ _ —�1= If the Praperty is ubandoned by Borrower,or if,ufter notice by Lender to Barrower lbut the condemnor uffet�to make �
<br /> '�°�=�� an awazd or setde u clAim for damuges,Borrower fnfls to respond ro Lendc�within 30 days uRer thc dute the notice ia given,
<br /> --ID`•=�'*����- Lender is uuthorized to collect and uppl.y the proceeds,at its option,either ta restorntion or repair of the Property or to the
<br /> - - aums secured by this Securlty lnstrument,whether or not then due.
<br /> ' Unless Lender and Borrower othenvitie agree in wrldng,uny npplicntion of proceeds to principnl shull not extend or
<br /> _ �.,��[�*�' postpone the due date of the monthly payments referred to in pnrugruphs I and 2 or chan�e the amount of�cuch paymemv.
<br /> _=_��� 11. Borrower Not Released; Forbearance By Lender Nut a Waiver. Bxtensian of the time for payment ar
<br /> - ----�.��� :° modification of umortization of�he sums secured by this Secudty Inatrument grnnted by Lender ta any xucceszor in imerest
<br /> .�
<br /> -� - 9�;���- . of Borrowcr shull not operate ro release�he liahility of the originul Borrower or Borrower?s successors in interest. Lender
<br /> -__-��?�- ahall nat be required to commence praceedings uguinxt any xuccescor in interest or refuse to extend tirne for payment or �
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<br /> -�}� otherwise modify amonizution of the sums secured by this Security Instrumem by reation of uny demund mudc by thc original
<br /> - Borrower or BoROwer's succegsors in imercst. Any forbearnnce by Lender in exercising uny right or remedy shull nat be u
<br /> �"""""'r'"� wuiver of or preclude the exercise of any rlght or remedy.
<br /> "`�"�'-'"��� ° 12. Successorn and Assigns Bound:Jolot and Several LIablUty;Co-slgnerA. The covenants vnd agreements of this
<br />--���a�'&'��� Security Instrument shall bind and benefit the tiuccessors and ussigns of LenJer and Borrower,subject to the provisions of
<br />�-_��.w._.,,2,,.�,
<br /> •;;a.--�-.•� •.,:•: : parAgrnph 17. Borrower� covenunts and ugmements shull be jaint and xeveral. Any BaROwer who co-signx this Secunty
<br /> -_ �� '��'.s.. • Instrument but dces not execute the Note: (al is co-signing this Security Instrument only to martguge,grunt and cunvey Ihut _
<br />_. :�_��'�=� Borrowcr�interest in the Property under�he�crms of this Securi�y Instrument: lUl is not perzonally obligated to pay thc sums `
<br />_-�.:�?'`µ•.� secured by thir�Security Instrumenr,und(c)ugreex thut Lender und uny other Borrower may ugree to extend,modify,forbeur
<br /> __. '- or make uny uccommadutions with r�egurd �o the tenns of thia Secudty Inslrument or tl�e Nac wi�hout Ihut Borrower?�
<br /> ��- . w � consent.
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<br /> -. -;�,;�_� 13. i.us�n(;6w�ry. If tLr ivu�ti �e�ured by thi� Sccurity Intitrument is su bject to a lu�+� w hic h se ts mas imum I rn�n
<br /> ,���.��•,,,,�,,_,� • •• chargex,and thut Inw is�nnlly interprrted�o thut the interest or other loun churg�ti collecred or to he coUected in connection
<br /> -�._=_ ...,�� �� , with the lonn exceed the permitted limits,then: fa)uny such loan churge xhull be reduced by the umount necessury to reduce
<br />;R,;a�� the churse to the permitted limir,und(b)s►ny xums ulready collecteJ Prom Bnrmwer which exceeded permitted limils will be
<br />�� ' � refunded lo Borrower. Lender muy chooxe�o muke thi�refund by rcducing tlx principul owed under the Note or by making u
<br /> '��,,� '�,r; ° � direct payment to Borrower. If u rcfund reduces principul,the reducticm will lx trewed as a punial prepuyment without any
<br />.=-.i, , prepuyment churge under thc Note.
<br />:.:���_.`�� • ;. 14. Notices. Any notice to Borrowcr providcd For in �hix Security Inxwment rhull be given by delivering it�r by
<br /> =�;�s+; " muiling it b��fint cluxs muil unle,s upplicuble luw reyuirex u,r oi uno�her nx�th�xl.The notice shall be directed to the Property
<br />;s;,' �`�~ ,, �,,,,. Addrexs or any other uJdress Borrower designutes by notice lo Lender. Any notice to L.ender shnll he given by first clusz __
<br />-�.� � �, n. muil to Lender�i�ddress stuleJ hercin or uny uther uddres.l.cnder Jcsignutcx by notire to Borrower. Any notice provided for ��,�
<br /> ` ,- � � � in this Sccuriry Inxtrument shull lx decmcd to huvc been givcn to Borrower or Lcndcr when given ux proviJed in thiti _
<br /> �?-��;_ ;,�Y;,-- - .. parugrnph.
<br />-=:,����„�,� 1S. Governing Lpw; Severubility. This Security Instrwnrnt shull t�c governeJ by Pcderul law und Ihc luw of�he __
<br /> ,...m .-x;. jurisdiction in which the Propeny i�kx:uteJ. In the cvent th�t uny provi+inn or cluu+e af thi�5ecurily Intitrument or the No�c �_
<br /> �;.R ari�,a• . conflicts with upplicuble luw,such conllict shull not affect othcr provisions�il'ihiti Securiry Imtrument or the No�e which cun C;_
<br /> :":; '''''• = • be given effec� withow the cunt]icting provitiion. To this enJ the provisiuns uf thix Securi�y Imtrument und Ihe Note ure =.
<br /> -'���• °��`� declnred ta be sevcrublc.
<br /> :.��;� •...�: ` .. � 16. Borrower's Cnpy. 8orrower tihull lk givcn one conliimied copy ol'tlx:Nol�and of this Security Inmtrument. --
<br /> - = � . l7. 'IYansfer of tAe Property or n Beneficial Interest in Borrower. If ull or uny part af Uk Pro�xrty or uny interest in �`
<br />�_�"�1�: H� • • i�is sold or trnnsferred(or if u txneticial inlcrcxt in Borrowcr is ,old ur trun+frrrcd uixl Horrowrr is no�u nuturul rerson) �
<br /> �:• �;,:.:...,�.:. without Lender's prio�wrinen consent.Lender muy,ut it+op�inn, rcyuire immediutc puyment in full of all sums securcd by _
<br />=`.s��� � � � this Securiry In+�rument. H��wever,thix option xhull not be cxcrci+cJ by Lcndcr if cxcrci+c is prahibited by 1'ederul luw us of
<br />_�-�; ''��"•'"` ' "' the dnte of this 5ecurity Inxuument.
<br />-r�• �';,.� . If Lende�•exercisc+thi�option.Lendcr shull givc BuROwcr naicc of uccclrralion. Thr nuticc shull providc a pericxl of -
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<br />�> • not lesr:lhun 30 duys 1'rom Ilx�dutc Ilx nnlirr i.JclivcnJ ar nta�ilcd within whirh Borruwcr mu.t pay ull�um+sccurcd by Ihix
<br />'. ��� . Securiry Instrumen�. If Borr��wrr fuil.�u pay thc.c .wm rriur to thr cxpira�ion uf �his �xri��d, Lcndcr muy invuke uny �
<br /> '" �,•, '� � � rcmedies perniiucd by Ihix Securiry hi+uumem withuut I'unhrr n��tice or dem:md un B��ir�►wrr.
<br /> � ° 18. Borrnwer's Riy�ht tu Rcinrtute. II' Borrawcr nucl. �criuin rundilions. BoRUwrr tihall huvr th� right to huvr
<br /> . n 'J '. � enfuitement of thix Securiiy In.trumrnt di.r�m�inurd a� any �imr priar lo Ihe�;irli�r af: lal S dayx(or�ucli other�xriixl u� �.
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