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<br /> . condemuatiar or other ta�Cing af nny pact of the Property.or forrnnveya�ce in lieu of wndemnatiuo.arr tx�ebg assigngd and
<br /> �E���tQ�� � eds-shali tie lted to the sums.5ecured by this SecuritY .
<br /> � I�the evene of a,tatal taking of the PropeitY. d'e P�pc�c �Pp
<br /> - [nsw�ien�whettle�or not then due.w7th any�xceu paid.�.Borrower: !n the even�of�.p�tial takin�of the Ptoperty�n <
<br /> .uEtice the fstic maricet va7ue of•tfte Pro��y imir►ediately i�eC�re th�tuking i�cyual to ar�r�ater than tlte amuuna af the sums
<br /> — secutrd by this Sccurity Iaswment immediately before tS�►e taking,untess Bo►r�w�er and Lender othecwise agree in writing. _
<br /> — thc sums secuced by this Securit�Insmtment shall he reduced by the amount of the pra:ceds mukiplied Gy the fo![o+ving
<br /> ___—�. v_ _ • �setian- fa}�3„�.t��Qg�s�mc s�umd immediately befam the talcing,divided by ib}thc fair market value af the ���-----
<br /> — PcopeRy immedia[�[y befo�the Eafiin�. Any ba[ance shali be paid ta Bamower. In the ev�t of a par�iai tah•'tng af t!-.e
<br /> property in which the fair markeE value of the PropertY imtnediatefy before Ihe tahing is tes.+than the amourtt of lhe sums
<br /> secuted immediateiy befoce the taitiag,unless Borrowe��sct l.ertder otflenvise agce�,m wciting or unless applicabie law i_
<br /> -_ ��,��pro��d�„�he proceeds shali be applied to the sums�ecured by this Secarity[nst�ument whetheror not the sun►s.are
<br /> -��� then due.
<br /> - [f the Propecty is ab�doned by Bamuwer,or if,afr�r aotice bY L.end9�c�p�ormmtres that the,condgmnor t�ffers co make
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<br /> an award ar settle a claim for damages.Borrouer fails to�nd ta Lender within 30 days after the date�he notfce is BiYen. i_
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<br /> Lender is authorized to coltect and app1Y d�e Proceeds.aR its'!aAu°��,.e�tfter ta restaratio�q.qr repair of!he Pmperty.or to ihe
<br /> sums secured by this Security 1nstNmenb Whether ar not then due. __ --r ��-.- -
<br /> • Untess Lertder and Barrower otherW+ise�gree in wEitinp,any apptication of prr�eds�o priitcipal shall rtot eatend os i: ----
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<br /> postpone the due date of the monthlY payment5 ceferre4 ta in{r•uagrapAs 1 and 2 or shange,th�:amount af such papmen�s• _.-
<br /> •ll. BorraR'er �iot lteteassd: Fos6qrance By 1.eaGer Nat � Wa��er. Extensip�►.of �hr time for payment or �:--
<br /> modifiCation of amart"u•rtion of the sums secured by this,SecuritY in,°m��it�=�t�•MY�endet to any successor in wntet�cst �_ _
<br /> . . of Borrower sttaU not ape�ate to t�etease the liability of the 4m;inai-�'�er or Rotf�WR�+,tiuccessors in intere�.i.ender �"-�-=
<br /> shall nat be requiled ta comm�tue proceedings�n���1X�'�'�'��t°F��ta eatend time foc pa}�ment or �� --
<br /> - - othenvise modify amortizatioaof the sums secured by this�S�ty[u�tW�i�n[:bY rea�uA ni:any demand cnade by the�rigina! �=�.-'-
<br /> g` y t or remedy shall naL be a �-�_._--
<br /> - Bormwer or Bormwer's sutcessors in interesi. Any forbeai��.itc�e by l:�iler:m exercisin an righ ���._
<br /> wa�ver of ac preclude the,exemse of any�Itt or t�e�nedy. ' e of this ���_�..�'
<br /> ;�:�� 12. Sucassors aud AssiY,ns Bound:Jatni and 5evee�tf Liabifity;Co-signers.'I'he cavenancs-and agre me�s
<br /> . ,' Securiry lmtrument shall bind and benefit the succestiors�acid assi�u of Lender and Borrower,zpbject to the pa�vi�imns of �=:�:; _
<br /> - '"- para�r�p h 1 7.Borrawer's covenancti and a g r e e men�s shaii lie joint and sever,sl.Any Barrawer who co-signs this�rity �Y, , .�_
<br /> � ' (�s m t m e t�t but does not execute the�ote: t�f�s c�iE���:��ti Securitj Ir�+trument anly.to mortgage,grant and canvpy that
<br /> �� "�� Borrower's interest in the Pcoperty under the terms of thi.S Security Instrument: I bf is not persona i iy o b l i g a t e d[o p a y i 6 e s u m s :t,; .:� .
<br /> - secured by this Security Instrument;and(c1 agtees that Lender and any other Borrawer may agree to extend.modify.forbear ._
<br /> ' '�"'�,' � or make uoy accommudations witb regard co the terms of this 5n.urity tactrument ar the Note without that Basro�ver's '.:� '•`• �-��=
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<br /> .`��.°1••. CO[ISC[lI. " ��,.
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<br /> ' ,. 13. I.oaa Charges. It'the taan secured by this�ecurity in+trument is sub3cGt to a law which tiets maximum loan ••�, ���;',`�,�-:,�_
<br />. - eharges,and that law is finally interpreted so that the in.en.�+t or other loan charges coilected ar to be rallected in conr►ectiun �r��:rt
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<br /> with the taan exceed the pertnitted limitc,t[ien: .(�)any such loan chargc shall be reduced by the amauat necessary ta reduce .,:.._.�;f:,_3^=�
<br /> • the charge ta the permitted limit;and Ibl any si�urs aimady collected fram Borrow'er which exceeded pertnitted limits will be •. _-�;,q„`,_,
<br /> � �` ~� refunded ta Boaower. Leodcr may chaose ur rr�..ke thi�iv�t'und by reducing the principal owed undes the Note ar by making a .-�,,_,:�
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<br /> - • . dicett p�ayment to Borrower. If a refund reduces princi�al,the reduction will be[reateA ati a panial prepayment withnut any `
<br />, prepayment charge undecthe Note. � '��°� , -
<br /> ' _ 14. Nutices. Any notice to Barrower provided for in thi� Security.Intitn�ment�hali be given b} deliveria� it or by ��=?��,
<br /> , . mailing ii by first class mail unles+applicable law requires use of another methnd.The notice�haU be directed ta the PmpeRy , �����:_
<br /> � . Address ar any other address Baaower dcsignatey by notice to Lcnder. Anp natice ta Lcrtder�hal!be givcn by fint clas.w �.:�,
<br /> .,._,5;� , mail to Lender's address stated herein or any��ther addrehti Lendc�de�i�;nate�by notice ta Borrower. Any na�ice provided for :.`:, _
<br /> in thiti Sccurity lnstrument �hall be deemed ta haYe been given to Baaowcr or l.eadcr when given a�pravidecl in this � �, ,. , „;�
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<br /> ' >l� � P a 1Sp Governing Law; Se�esa,bitity. Thi� 5erurity ln.trumcm tihall bc govemed by fedcral law and the law of thc ;. ,',.�,���+.•r. � ,_: •�
<br /> � �'""�`'` •_;, jurisdiction in whicb the Propen5!is tacate�. In�he event that any provi�inn ur clausc af thiti Security lnsuument or�he Notc , • � -
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<br /> �±�:�;•� �� conflicts wiib a plic�ble law.tut's eess�t�;ct��i�ll not affect other pruvi.ion�af this Security Im�rument o�the Note which can . "•�_%,_,
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<br /> ��'• :,;,�;f`' � . '' be given effect without�he co�tT:ctir.g�nr.i::on. Ta this end the praviyion�of thi+Securit Intitn�ment and the Note are . �_';'��`� :
<br /> declared ta he ceverable. '-�,� , .�y�y},��
<br /> � � '�'y �'" �1 � 15. $orrawer's Cop}. Sstrower tihall be gi��en�mec�mformed copy��f the Ni�te and ot'thi�Security latitrumen� ,.�.,,, . . .r�'+` `� �
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<br /> L::�`-t.� . 19. Teansfer uf the Piroperty or a Bene�ici�l/nterest in Borraw�er. If all ur any part��f�he Property or any intere�t in �h.:;�;r,:` ;;;���
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<br /> • it is sold or tranxl'erred(ar if a heneficial intrrc.t in Borrower i. .old or transfcacd anJ Borrower is na►a nawral per�an► ,$
<br /> • `. � � without Lender's prior written con�en�.l.enQer may.at it�option.reµuire iniuiediute pa5'ment in futl of all�ums securcd by �' +•-����
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<br /> . . ' this Serurity Instrument. Hnwcver.�hiti optian�hall not t+e excrci.ticJ by lw:ndcr iP excrci.c iti prahibited by federal law:�s of �, ; . '' , '`b�"�
<br /> '�' f a;�`::�-' -� the date of Ihis Security Instrument. •
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<br /> i'�;:: . lf Lender exercixeti thi�optian.l.ender�hall give Barr����•er nuucc of:iccetoraiian. �n��t«��nau r�o�����+Fxiiod af �'' .
<br /> ���`'` -� rtoUess than 3p dayti from tho d•rte the nutice is delivereJ��r mailyd�vithin which Bua�+�ver ntu.t pay all rum+�ecured hy thiti � '• .. •
<br /> %:� ..', Security lnstn►ment. lf Barrower fail� td puy thc�r�um�prior tn�he cxpiratiun uf thi� perind, Lender may� inw�ke any . .
<br /> remedies pern�itcc�by tfii�5ecurity In�rr,��r:�:c withuull'urthcr naticc ur dcmand on 8urro�cer. � .
<br /> • � ;��ti� IS. Barrawer's Rig}t!ta REins��te. lf Horrvwer meeG. ccr�am ru�tditi�m.. liorrower .lia�� Mave thc right to have
<br /> • enfarcement of this Securi[S�Irti�rument di>c:untinued at any timc priE�r u�q�e earlier of: la��day.lur�ticb��ther peric,d ac � .
<br /> . Smglc l•amily..D'�r.r.ie S1�FreQdie 4tac l�I4'(1Si�11Vti1 N1'�lt:�l'�-l'nd�mu('�,�cnant. 9.'40 �p:i;r��,(n pu;��� �i
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