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<br /> °- condemttation orotlier tating of any p�tof the Property.or forcoavey�nce in lieu oPcondemnaGon,�e hete'hy assi8ned an�
<br /> sh�11 bc paid to LSndeG
<br /> ta the event of�tnt�l taking of ttee Propetty. the pcoceeds shatl be 3pplied to the surt�s se�ured bY this Seceuity.
<br /> - Instnunent,whether or not chea due.witf�any excess paid to Borrower. ln the event of a partial taking of thn Avperty in
<br /> which tiie fair market�v�ue of the l�roperty.unmediately before the taking is equat ro or�uer than the amount of ttte rams
<br /> secu�sd by tAis Security Inswment immediateiy befom the tak'sng.untess Bonower and ixnder otheneris�agiee in writcng.
<br /> the sums secured by this Security Instnunent shal} bg reduced by the amount af the praceeds mu[tipAed by thc foliowing
<br /> frxtion: (a)the cotai z�ount of the sums se�red immediately before thc taking.divided by lb!the fair rt�arket vulue of the
<br /> ------ �� i�yme�iately Defore the�taking, Any balance shall 6e paid m Borrnwer. In the event of a partiai taking of the
<br /> - Pitrpetty ia which the fiur market va[ue of the Property immed�ately before the taking is less than�he amount•of thc sums
<br /> -- secured immediately before tl�e taking.unless Bormwer and Lend�r otherwise agtee in writing or uut�apptica5le taw
<br /> othetiwise provides,the p�ncecds sha116e applced to the sums secured by�his Security Inswmeni whether ur aot!he sams are
<br /> = ehert d�.
<br />--°=,y. � if the Propecty is abandaned by Barower.or if.after notice 6y.Lender to Bartower that the candemnar offeis to make
<br /> atf aw�d ar settle a cEaim for damages,Borrawer faiLs to respond to 1.ender within 30 days after thc datc the nqiice is given. _
<br />"''��`•� Lender is autTwrized tocoltect and apply tl�e proceeds,at iu option.either to restoration or repair of ttie t'toperty or ta the
<br /> .�- sumg secuted by this S�uriiy Insuumen4 whcthcr or no!ihen due_ ���-----
<br />"`•� = � tJntess L.ender and Borrowes othenvise agree in wriling,aay;application of ptoceeds tc+�gtincipaE shali nnt extend oc
<br /> ` �`°; postpone the due date of the monthty payments referred to in p3ta�i i and 2 or cM,ufge the'.�r,r�.�nt of such poyments. —
<br /> �==a
<br /> Ii. BorroWer Not Rete�sed: Fa'beaeance $Y�L�aa�FF'�Nu� a �Patver. Extensiacr�:�•time for payment or _
<br /> ' . modifccation atamortizatian af the siuns`secureQhy-ciritt;��fi#,�s[cumeset gr��uted iry Lecr�i�'�,��izj sc>rr.e�«r in interest .�:�
<br /> of Borrower shall not opc�u(e to�nele�se the li�bt7is�+i�t�i#�.�ii�nal Borrower o�Borr�wet's�-az.�.�n�iia uce�est.l.ender ,����,�_.
<br /> `, sdall not 6e reqaized-tQ c�nnmeace p�uoe�dings�;�i.�'�sY_s�cc��or in inte�or refuse to ext�nd s���c payment or ".� -_
<br /> �� �; •►�.�
<br />:�{:- .: otherwise modify amottiiation of the srar�secared by this Secanf�!l�suume�rtt�ry+mason of ang demand ma��X the origi�a3. . , _ _
<br /> �= �` Bor{vwerci Bormwer's sttccessors in��st. Any forbeara.z+ae Es::[:ender in exercising any right os'remedy shal!na�t��•': �. . �j`-
<br /> : � � waiver�arprecludetheexerriseofanyrightornKnedy. '� - ' ` ��; �, ..; � ; �; ��`
<br /> � �
<br /> ' x� ` The covenant,s an��„��'ents�f�� '� �.-
<br /> 12. �uccessoss aad Asstgns Baand.Jaint a�tl'Several Lis��[y;�'s. .�
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<br /> �. `` .Security Instiument shal!bind and benefit the s�ibrs and assigns of Y:�rc4�ssd Bartower.subject t�tLz:��rovisiuns ai • !���--�-
<br /> � - �.i7. Borrower's•covenants and me�,.ti'.�11 6e.(oint and se4e�.J;�1ny Borrower wha co-sians this Securiry r r"_'
<br /> P�S� • :�.,:
<br /> , Instramz�t but does rtot execute the Note: (�s cd=•r'igning t his S c c�.!F�ry�ns trum e n t o n i y t o m o r t�a g e,g r a n t a n d c onv e y that �;., =•=m�
<br /> - '� r', gormw^:.r's interest in the Propesyr under the temu of thfis Secarit�=-Tr��trrmiertt: !b>is�at pe�naUy o6ligAted to pay the sum.s ;.:_ -
<br /> 1 _: .'
<br /> secure�by this Security Instrument:and(c)agrees that Lendert�n�sny ather Borrower may agree to extsnd madify.forbear �,; -�
<br /> �.:,,:-
<br /> ' or make any accommadations with regard to the terms of thi��s=curity insuument or the Note witha�:e tEat Borrower's• s�}��.^�:;:;'=-
<br />: �;,• ' � consent. . , _ ::...:....::.
<br /> ��`�'':l,• .'• �3. Loan Cdarges. If the loan secured by this Securtt?r:�-,�itnunent is:<u.5ject to a law which sety maximum laan ..�.�t'.
<br /> � �� ' chau�;�s..��d that law is finally interpreted so that the interes�t��ar�i:r loan cl°,�r`e's caitecte�^.r.to be collected in connec�.��*� �t �
<br />,�;,w: � {!.-``. with the[ran exeeed the permitted lim�tc.chen: (a)at�y such�cr�t�tz���si�e shait'a=`:lziuced isy�h:amount nece�sary to ra�;� +r ,- _.
<br /> . the char;e to the permitted limit:and(bf any sumss�'rady colT�cv:�l�from Be�s��es wbicit e;.ceeded pertnitted limi�5 wi'��f�� »
<br /> ,' refunded to Boaower. l.cnder may chaose ro mr��sfi�:>refund b3r reducing ttn:{sr.rssipat owed under the Nece or by mak"rr�a •:��.:
<br /> �, ��'�:' .:,..,.e
<br /> .,_� direct p�yment to Borrower. If a cefund reduces���cipal.the reduciion wiU be treated�.c a partial ptepuy�nt without any ` _
<br /> � ,_Y:._�_� prepayment charge underthe Note. ' :
<br /> �r "� + 14:Nonces. Any notice to Borrower provided far in this Security[nti�trument shalt be given by deliverin�it or by ;t; .
<br /> '".;�,�. �:.;.. .,
<br /> ,;,'�r,�,�- mailing it by first class mail unless applicable law requires use of another method.The notice sholl be directed to the Prapeny .,
<br /> ' � -.:::,:: Addn,�ss or any other address Bosro�ver designates by notice to Lender. Any notice ta l.ender shull be given by first cta5s : . "���
<br /> . '; mail ta I.ender's addt�ss stated herein ar any other addresti Lender designates by ru�tice to Rorrowec Any���il:e provided for 3 , , >,.;-
<br /> � =;�;:':�y,:�: . in this Security Instrumcnt�haii be deemed to havc been given to Borrower ar Lender when givcn as•pr.wided in�his
<br /> ' •:�;-.' paragraph. :
<br /> �� :•`�t" � 1S. Goveruins I.aw;Severability. This Security In+trument �hall be govemed by federal law�rri the law o�the ��
<br /> _Y`; jurisdiction in which the Propedy is tacated. In the event that any�provision or clause of this Security Insu-a�ent or th�:��tk . s.
<br /> �� ,a conflicts with n licr,ble law,such cor>flict shuU not affect other provirion�of thiti Security instnrment orrlu;'�ote ufi<<.is�:ai-� . __-__
<br /> , , • ;;� :��`, �" be given effectPwitlti�rit the conilictin;pravision_ Ta this end the provi�iam of this Security instrum�t arr;;ihe Nb:k::ce� ''��.�
<br /> ' �::;-�,-. . decfared m he severable. . : ,�� A
<br /> �;;;.'.;:,:_ �6 $orrower's Copy. Borro�.4'sr:hal!t+e�i'n one conformed copy o1'the Note.md of thix Security{r_StrumenE. , . `
<br /> ' - L�:Ti�a�ster o�the Prope��+ra Benefcia!interest in Borrox•er. If all or any pare•�Er]��e Property or any int�Ln:�t°;n ,.,,},-.
<br /> '�� ' s���;�;* it is s�:�ar trnnsferred(or if a heneficiul intcre�t in Barrower i,sold o�tran�ferred an���,r�wer is nm a natural�_��;�1 ,
<br /> • withaut l.ender's prior written cun�cm.Lender may.at its opti��n.require immcdi�te paymer.t in full nf�1!sums secure�by ��_� , .
<br /> ' ' , thiti Security Instrum�nt. Nowcver,this�ptian tihall not hc cxereiccd by I.ender if excrcise i�prohibited by federal law a�of .
<br /> ' ,'�- ',; l'L;r� , thedateoPthisSecuritytn!�trument.
<br /> �' � ,� �,;��� ' • If Lender execci�es this optian.Lender shail give Batrawer no�ice oF ucceleretion. T[u�otice tihal!provide a pera}il of ,c :
<br /> not less ihan 30 dayr fram the date ihe aotice iti def ivered or mailed wi�hin which B�rroH��r cnktit pay all�ums tircuted(�v ihi.y
<br /> - . T '• 5ecuricif Instrumem. If Barrower f:�il� tn pay Ihese sums prior to �hc expiratian of thi:. periud, Lrndrr may invoh.��rry .
<br /> ��'�� � remedies pennittcd by this Security(mtrument withaut funher nntice ar demar.d on Barrua•er. � . •
<br /> � � -� �� it�. gorrower's Right to Reinstate. If Barrowcr meets ccrtain conJ�tion�. Bonower �hs�ll h�ve the rig6t to i�'sve • .
<br /> 4' '� . ?:`, ' enfotc,.•menl of thiti 5erurity In�trument di�cimtinued ul:u�y time ptinr to ihr earlirr of: 1.+►5 dtry�lor.ruch��thcr pericui ati •
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