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<br /> condcmnation or wher Wcin�of�ny p�rt ot the Propeny.or i'or convey�nre in liau of condenuiatfa�.�ra bercby asri�ned�utd
<br /> �lull bo p�id ta Lenda�.
<br /> In �he event of a tdd t�icing of 1ho Propeny,Ihcproc eeds sha11 hc Appliai to �he rums securcd by �hie 5erurity
<br /> Inatrument,whether ar na�hee duc,wiih ony cxcess paid to Borrawer. b�he avent ot'a puhiAl Iwkin�of tha Propehy 1n
<br /> which Ihe iwir marlcet value of the Pn►perty Immedi�tely befarc�he taking ia equul to ur grcr�tcr than�he amount af tho suma
<br /> socured by thie Secu�iry Inswmcnt ImmediAtely befom the takin�.unless Borrower and L.endcr athervvise ugrce in writing.
<br /> tho aum�Raurcd by thiA Secu�Ny Inatrument shull be reducod by �F►e nmount af the praceeds muldpUal hy the followfn�
<br /> fi'actian: (a)the tatat arttt�unt s�flhr qamv xecu�rd immedielely Mf�rr Ihe�akinp.,dividad by Ibl the fuir rtuufcet valuo of Ihe
<br /> ;; Pmperty immediutely 6efarc tlx tokfng. Any t►alance shvll bc pAid tn Barrawer. In the event of a partinl taking of�F�e
<br /> Propeny in which Ihe inir murket valuc of the PropeAy immediutely before the toking ix less thun thc amaunt af the sumx
<br /> secured immediatcly bcforc thc taking, unlesx Borrower und Lender aherwi+� agree in wri�ing or unlcsa applicnble low
<br /> othervvise providex,lhn proceed��chall be upplied to the sumx srsw�ed by�hia Securily Insuument whether or�wt the sums ar+e
<br /> ` t �.i tt�en due.
<br /> '`• If the Property ix abundoned by BoROwer,or if.after notice by Lender to Barrowcr Uta�the condemnor aft'crs to make
<br /> - wt aword or settle u clnim fbr damAgeti.Borrower fails to respond to Lender wlthin i0 dnys uftcr�he dnte the notice is given.
<br /> Lender is nuthorized to collect and upply the Nrnceeds,at itx oplion.either ta r�torution or rcpair of the Propeny ar to Ihe
<br /> sums secured by this Securily Insirument,whe�her ar not then due.
<br /> Unies�L.ende�pnd Borrawer othenvie:e agrce in w�iting,nny application of praceeds to principul sholl not eatend or
<br /> poalpone the due dnle of the manlhly puyments refernd to in parrgrnphs 1 And 2 or chunge�he amount of such payments.
<br /> ; , � U. Borrower Not Releaged; FurbeArAnce By I.ender Not a Waiver. ExtensMn af the time for puyment or
<br /> madificution of amortizatian of ihe sumr:secured by this Security lnstrument granled by Lender to uny successor in intecest
<br />�•�,;, 4; , _ �,, �: of Borrower shull not opemte to rcleAtie�hc linbility of Ihe originul Barrawer or Borrower's succeswrn in iMcrest. l.ender
<br /> „ '�"., """T s6ull not be uired to commence ra:cedin K a ainst w� �ucceysor in into�retit ar rcfusc ro cztend time for payment or
<br /> • . ' ?.�'�. . .. , req P 8 � Y •
<br /> '••s^ � ahenvir,e modify amoniuUion of the xums+ecured by this Security Instrument by reuson of any demand mude by the original
<br /> ,,;;;4, ��'`'.��'�''�:' Borrower or Borraweri�succeswrti in interest. Any forbeacance by L.ender in exercising uny rlght or remedy shall t+ot 6e u
<br /> ' � '" ',��., waiver of or preclude Ihe ezercise of uny righl or remedy.
<br /> .' ` F � ,�"' 1Z. Successors and Assi�aa Bound;Joint and Seve�al l.iabilit!r;Co-signers. The covcnants and ngreements of�his
<br /> ,�.',. ,:,,�i;.�'. .
<br /> ! . r• Security Insttumen�yhull bind and benefit the+uccesson tuid ussigns af Lender und Barrower,xubject to the provisions of
<br /> ;.,,91;�t �., •,,
<br /> �' J}•�! 11�%�L_5t�r��;� -���y� ,�' p�uagrnph 17. Bormwer+covennntx und agreements rholl be joint und.eveml. Any Bon�ower wha co-signs this Securi�y
<br /> '1`f ; : 1 .
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<br /> Instrument but docs not execute Ihe Note: la)is ca-signins this 5ecurity Instrumeot only to mortguge,grant and convey Ihat
<br /> �` °• � !:t`�'�f'��'•,�`�+ �..I� secured by�his Securit Inurumenr,und(c)ugrees thuhil.n e�und ony aher�Bobrrower�muy ugree t ex�t nd,modi ylhfor6ear
<br /> �" "' �'�'"J�����f`���' �'ly 1 or make any s�ccommodutlons with re�und �o the terms of thix Secunty Instrument ar the Note withou[ �hat Borrower s
<br /> .," ��'.iri�i '#.�-`�-as,c.�; consent.
<br /> >�:.�: ��•�f,
<br /> '�:�-•� '- •�''"'��•''' 13. I.oaa Charyles. If the luan u�cuied by this Sccuriry ln.lrument is �uhject ta u luw which sets mnximum loan
<br /> • :;,. �s;; ' :��.,;?�•• 'i rs j� churges.and that luw I+finolly interpreted:�o�ha�the ime�st or nther lo:ui churges rollerted or�o be cuiiected in connec[ion
<br /> 'R ' •�. ��r.%:��i': "_'��' with the loun exceed Ihe permi��ed limi�s,�hen: IiU uny surh Iwn chargc shall be reduced by the amiwnt necessnry ta reduce
<br /> � ... ' y .- • �..:�.
<br /> ;r�, •.'•. .`'�i;��ij?( � • 1he rhar�e to t:�e penni�ted limi�:und(bl uny wmti ulreudy callrctcd f�am eom�wer whirh exceeded permitted limits will be �
<br /> i;,1.�,��`�. , �'� S��• , refunded to Borrower. Lender muy chcxne to muke thi�rcl'unJ by rcducinE the principul uweJ undcr the Note ar by moking a
<br /> � � �:.:• � ' ' ' � • direct puyment to Borrower, Ii•r refund reduce.principul,the reduclion will ix:Ireut�l ax u panial prepayment without uny
<br /> � ��..�;:� .;.,r=�,�`;�„ , ��'�
<br /> prcpuyment chargc undcr�hc Notc.
<br /> ! �� ''�°':•{4�s:` ' ' 14. Notices. Any noticc w Barrawcr provided fiu in thi.Securiiy Ins�rument+hull tic givrn by delivering it or by
<br /> �,• .� , . � t;:,,., mailing it by firsi clu�s muil unle�.upplicublr luw reyui�es uxe of unothrr mc�hixi.The nutice�hall be directed to the Propeny
<br /> �,.�,��,,,�',�•
<br /> • � Addr�e,ti or uny other addrcs. Borrnwer dc+ignatex by nmicr to Lcndrr. Any nolicc�o Lrndcr�hall be given by fint clnss
<br /> a�•
<br /> ' ' �• mail to Lender;nddre+s�tuted hercin�ir:u�y iHher uddmss LenJer Jc.i�nu�es by notirc�o Borruwer. Any notice provideJ for
<br /> • ��'_ + ' .. " in�his Security In,trumrnt+hall tx dremed to have hcen given to Borrowrr or Lcnder when �i�•en uz provided in �hiti
<br /> � � " • pamgruph. '::�
<br /> ,;;.. . IS, CoverninR Lww:tieverability. Thi. Scru�ity In�Irumrnt �hull ik govcrncd by federal law and �he law of the
<br /> / t,r+�• juri,dictbn in which�he Propeny ia l�xu�cJ. In�he evcm�hat uny prrnitiion or cluu,r ot'thi.Sccuri�y Imtnimem or the Note
<br /> ,�`' , ccHtflictx with npplicuble luw, ,w:h c�xdlicl.hall n�H uffer�other provi�ions�if�hi.Security Ins�rument or�hr Note which cnn
<br /> a • ;,; , '� ' ' be given effect withom the cnnflictin� provi.ion. Tn thi�end Ihe pravixianr ot'this Securiry Imtrumenl und the Note xre
<br /> _ .,;;;.' ..� ...,;; declured Io bc:severnble.
<br /> _ � +�,:�:`: !6. Borrower's C.�pv. Rnrciiwrr�hull tx givrn une cunti�rnicif ci�py af Ihc Notc und nf�hi,Scrurity In�lrumenl. �:
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<br /> ;a4.��:; . 17. 7lransie�of the P�uperty or u Beneticial lnterest in Borr�iwer. If ull ur:�ny purt uf Ihe Pmpeny or•rny intcrc��m ,'
<br /> ��4-` it l.r• .old or transfcrccd(ar it' u tnnciirial inlcrc�t in Bonuwer i+�oIJ ur Irun�fcrted anJ Burruwrr i�nrn u nututul penon 1
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<br /> _ . V"o.`� .•:'; without Lrndrr's priur wriaen cunsent. Lrnder muy.a1 il�option.rryuirt immeJiutr paymrnl in full of•rll tiums sccurrd by
<br /> •��;�';� •���� ��.= '''��t•" this Securiiy Inx�rumrm. Howcver,thi+optinn�hall n�H hc rxerci.ed by LrnJer if exerri.e is prahihited by fedcral luw u.of
<br /> . � ,.... , ,,;
<br /> •• � :.��..,. Ihe date ot'this Securily Inslrument.
<br /> � ' • � ,� ��;., If Lender exerci+es thiz oplicm.Lcmkr shull gi�•c Borroa•cr nu�irr�►f urrrlcrutiun. The notirr,hall provide n prriai of
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<br /> ,i; � .• .�-• ,..� nM le+s thun 311 duys fmm�he Jule Ihr nolice i�drlivcred ur nwilrJ u•ilhin�vhich Burn�wrr mu�t puy all�um,�ccurcd by Ihiti
<br /> , � '.''•�'�.�fi Securiry In.trumcnt. If Borrowcr fuil.tu puy the.c tiwm priur�u thr rxpiruliim ��f thi. �xriixi. LenJcr moy inv�ike any
<br /> ,�'. ,. �:`•'���:� • remedie.permiltrd by Ihi�Security In�trumrnt u�ithout furthrr notirc or dcmanJ on Rorruwrr.
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<br /> �-;•;,..A ;,� 18. Borrower's Ri�ht to Reinstate. If B�irruwrr mrri� rcrtain rundi�ium. RURl1WCf �I1�II IIUVI' ihc right t�� huvr � �
<br /> enforcement of this 5ecuriiy Imirumen�Jisci,minu�d ut any�imr pri��r t���he rurlirr ot: �a1 S da},Iur wrh��Iher�xriixl u� ^"'':
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