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<br /> ��F.;��..�� ` . _ , � . , \ - .. , . . ' .Y� . _ ' , , ` ' . ,
<br /> _�4 ;° �_ . 9�..- ia743.8 . `
<br /> . condemnatian or othet taking of any part af thc Property.ar for conYCyance in lieu of cundemnntio�i.an:hereby�'uSned and
<br /> �shalt be paid to 1..cnder. �
<br /> _ ` [a the evcnt of a totaJ taking of the ProPert3'.the procceds sitalE be a�spticd to the satns se�:ured fiy t�us 5tcutity =_
<br /> � [nstrumen�whether or rtot then due.with an}exces+paid to Borrower. In the event uf a parti�t taking af the Refgcrt}in
<br /> - which the faet mar(cet vafne of the Property imau-diatety befoce th��+�g�s equal to or�,*cYater than the a�nuuni af the sums __
<br /> sscured 6y this Security Insirument immealiately before ehe tai:ing.untetis Borco�ver and Lendcr rnhcnri�e agrce in writing. `_
<br /> `' -- � the sums secured by this Security tnstrumrnt alsali be redciccd by the amatmt of the prkx�ee�s inultiplicd 6y tiie foll�wing . �T- _---__-___---..
<br /> fraction. (a)thc tatal amount of thr sums secured immediat�ety befare the taking.divided by(b)the fair market value of the _ _
<br /> - " ptoperty immediatei}6efore the tahirtg. Aay balance shall be,{�aid to Borro��er. [n the e�cnt of a partial tahing of it►c �_—__
<br /> Roperty in whicb tke fair m.�rket value of the Prop�rey immcdiately before the talcing ia[ess than the amount of the sums �-.:_�_-- _- _
<br /> E..�_._--_--�
<br /> - � — . secured immediateiy 6efora the taicing.unless BaFro+�er as�d l.ende�oiherwue a�ree�n �+•riting or unless applirable ta�v ��..�_��__
<br /> -� x� otherwisc provides.the proceeds shatt be applied to the�ums securtd by thiy Security tnswment whether ar nat the+uu�are s,:�__-°-�
<br /> �a .......�..�.�
<br /> �� ` then du�• �`` --�—
<br /> (f the:Property u ahandoned by Bormwer.or if after notice by Lende�to Borm�ver that the condemnor offers to make �-� _�__ �
<br /> . >,, an award ar s�ttle a ctaim far damages.BaRower fails to re�pand fo Lender within 30 davs afte�thc date the notice i+�i�•ert, ��,.�,"�
<br /> ' - Lender is authori7ed to coltect and apply tlte proceedy.,at its option.either to cestorstioa w r.epair of the Propeny or to the t„ ���`�.
<br /> ; ,, ���_--_---- �'
<br /> surru secund by this Securiry la5trumenG whether or noE then due. +. _
<br /> . lintess Lendec and Bonower othecwise agree in writing,any appli��tion of pn�ceed.to principal shatl nat extead or i,�w' ;,_
<br /> h�i and�or chan e the amount of such payrtients. ��'���-��_=
<br /> postpnme the due date of the monthty paymen�s referred to in(ratagrap ' F -. � --w�-�:
<br /> '�`' 1L.So�rn�er hot Released; Forbearance By l.eades '.�iot a �Yaf�er. Extension of the time for paymem ar _�`•�:��:;=='=-
<br />:,.1':. ,_., ��� ••.,�t;�i,:n`--- ---
<br /> � madifc�ttios of:unarti�ation of the sums secured By this Security Insttument�ranted by Lender to any wecessor in interest ;
<br /> - of Bumawer shall not operate to retease the tiability of the orig�nal Borrower or Borrowerti�uccessan in intetes�L.end�er _:„_
<br /> . `.' �`� � si�all nat 6e requircd to commence ptaceedings agaiast any successor in interest or refuse to extend time for payment or ; ::� •
<br /> Y� E�,`; otheiwise modify amortization pf the sums secarect by�his Secsrity Inswment by reason o f any demand made b y the ori ginal ::;;�.s;
<br /> Borrower or Bor[ower's successo�s in iRterest Any farbearance by Lender in exercising any right�r remedY shai!noi be a :�
<br /> 'e ...�`.�:.�� ,:' � '�r-���;
<br /> ;-,. k waiver.of or preclude tlte exercise of�ny right or remedy. '•""�. .�
<br /> �.�Yf'y�.;.,.
<br /> �t.. ,% �r.;;r��ik•�.. .•• 12 Succeswes and Assigas Bouad;Joint and 5evet�al Lia6�lity;Co-signers. The covenants and agreements of this : .;:i::i;:�-_-
<br /> ,�r.r;;,_..> Se������sf,aJl 6ind and benefit the sac.essors and acsig�s of Lender and Borrower,xub}ect to the provisions of �,�;;;,.. -
<br /> ;.:.;`;; _=��" =-"-
<br /> ',� ,:;,; � para��,ph 17. Borrower's covenants and agreemenc�:shall 6c jaim and�everat.Any Batrovrer who co-Signs thiti Secuuty �_
<br /> ,.: � ' In�truz��nt but dces not execute the lYate: (a)is co-signing this Security lnsavment only to mongage.grant and convey that
<br /> ' .., • . • m,.
<br /> r; � gQms���.F's inter+est in the Prape�[y under the certnsof this Security Insirumen�: 16i G4 a�P�nd�«y°�ligated to pay the sums �
<br /> , ,;,, secar�i fiy this Security In�trumenl:and lc)agrees thai Lender and any otiter S�rn�uermay ug,ree tp extend.modify.forbear ,
<br /> , °k�-
<br /> ac r..jce any atcommadations with regard to the temis af thi4 �:.curi�y L:��rrter.t oG the Note withaut that Bortower's �-`
<br /> _, ;i�;r- , _ . _ . ..
<br /> -� . : consent. • . "F���'
<br /> � �'-;��,' , :- � 13. I.aan Charges. !f the loan secured b}• this Securty 'L^.�tra:r.ens:i�5-ubjrct[a a law which sets manimum (aan . - -
<br /> ,� `� ;; , ... ._
<br /> ' � •°.:.,. .� • char�es,and that!aw is finaAy+nterpreted so thac the interest or other toan c:rarges collected or to be coltected in connection '�f 'A��
<br />� . M q. .vaij�:.? . .
<br /> • ������• wiih the Man eaceed the�errnitted lintits,then: (a)any sueh loart charge shall be reduced 6v the amount necessary to reduce �; � , `���=�:
<br /> `•'="a`{''��•' -' the ch:�r;e to the permitted limi�an�f:(b)any sums already cn[t�ted from Borrower which exeeeded perm'ttted limit�will de `��:� _
<br /> �,�. .x-`;'paV��;.:;;t , '.;:;'•;�'.,:•'�
<br /> �• �•;'��,��!r.c'. refun�to Borrower. Lender may d�aose to make this refnnd bj ceducing the priacip�l o�ed under the lVote or by making a ••,;'; :. „�,s
<br /> e -
<br /> . < :�;;r,,�. ' �`-:�:;�`' `.t�
<br /> •,., y ,• direct payment to Botrawer. !f a r�fuad reduces principaf.tr�reduction wilt be treated a�a partial prepayment�vithnut any ...� . �
<br /> ' ' j%' '�'�'� � prepayment charge under the i�ac:. � : �3r�
<br /> r. ' ,�'..x•::-�r�.; 14. Notices. Any natice to Borroa�er prnvided for in thi+Security lrtstrument ,hall be given by delivering it ar by
<br /> :��.
<br /> `;'' •�'��'�•''` ' m�ilisrg it by fi�t cla+s mail ur.te4�applicable law require.u�e of another methcxl.'fhe notice shall be directed ta the Property :��.
<br /> '��'." '>�F�l. � Addre�cs or uny other addreti4 ffocr��cr•er deyignate.by notice to Lender. Any natice to Lender�hall be given by first clati� . ; °
<br /> ,,.,; c ,�..
<br /> .•-�=,. r�,;,
<br /> ; • �.,�. �.'��.{.�r,. mail to i,ender:s addres��tated hert;'sn or any other addre.ti L.ender designatey by t�atice to Rorruwer. Any nolice pravided or , '�,: .
<br /> � .�' �-.; in this Security Intitrument tihaU be dcemed trz h�ve becn given to Borrnwer ar Lcndcr when given as prnvided in this �"
<br /> ' � r' paragraph. . .. . _ '. .�`.�.
<br /> � 15. (ioverning Law: Severability. Thiy ��:urity Intitrumcnt.hall ti�govemed by Frcieral 1.►w and�hc tAw of the . -
<br /> `�. , . :`:.' . ": ,, � _
<br /> : ��"�2- ; r ' jurisdiction in which the Propetty i+txated. tn clr�evem that any provi.ic.n oc clauye of thiti Security In.tnrment or thc Note f � : . ,
<br /> '•=`�%. r:;x� ,.
<br /> ..,. . ,.:}s��ny,,+ ' ecmfiietti witb applie:�ble luw,.ruch cer:flict shall aut�ffect otrC-r�rovi.ium��f thi.5ecurity In+trument or the Note which can
<br /> • 'ik+l�•��i�.r�,� . 6e a:�en effect without the contlict�ng provitiion. To thir ead tiYe provitiionc of'thiti Security lnstrument and the Nate are ',,. ::•
<br /> -•ti �:� ;rti::
<br /> • '•��� declated tn be teverabte. � , .. -
<br /> '.`'�`' ' �� 16. Bort�owet's Copy. BoRnwer zhall bc given one confortncd cupy ul tiie Note ard ni thir 5crurity Inrtrument. ,
<br /> _ , :I,
<br /> • '" ��'�,° ' 1Z 'Iiransfetr atthe Prope�ty or a Beneficial lnterest io BorroweF ff�Il vt any p7n of ihe Properiy nr any intrrest in ,
<br /> '�''i..�i�l'•%>.�� it is sold or tran5ferred(ar if a bcnc6cial intcrc�t in Borr�+wcr.i�tiuld or sr;�asfcrred and Boaower i�not a natural persnn)
<br /> '�;�:�``,'�' withaut Lcnder�prior wriuen cun�ent,l.encler may,at itti��{�1[��^.require immediatr pay ttxnt in full of all�um�.erured by ..
<br />- . , .1, ..i.;,:��i,:r,, � • .
<br /> • , .,'F!'�';''+•,� ` . • this Security fnstrument. Howccrr.this aption�hall rt4�i ta:e?.rr:i.ed hy L,�nder if cxcr.i�e i.prc+hibitcd by federal law•rs af
<br /> � die date of this Sccutity ln+trurne.-.t.
<br /> • ' . Ii Lender exercises this optiun.Lcndcr�hel!��ivr Barro�ccr nutirc��f.xu:�teratiun. "fhe nolic�shuit pmvidc a periud of � :
<br /> � ' ' nat Icss�han?t1 dayti froni the dare�he nutic�i;�i�:tivcred�yr maited within�tii�ech�urr��«�er mu�t pay all�umti,ccund by thi� � .
<br /> � . Security In�trumcn�. If Borrawc-r fait�t��p:ry �hc.r �um�prinr t+�thr cxpiration o!'tl:i�period. [.�:nder may inv�ikc any :
<br /> " • remedic�pemiitted by�hiy Secunt�,,.lo��rumrnt�vith��ut funhcr���tice ar demand�m E3urru�.��r.
<br /> . , 18. dorrowers Right to�teinstute. If Borraucr ntu�-�� ccrtain cunditions. Barfn�.+er�hall ha�e thr right to�avc .
<br /> • enfurcemenl at'thi�Sccuriq� ln�trunun�Ji�coutinucd at an} !ime priur tu thr u:irli�r uf: �:s►S d:ry�lur tiuch other�x:riad�r
<br /> • � , : � � . S�n�Ic F.unily-•Fanair S1ae:Freddlr�fac l tIt'tfR�I(�titRl�tEV7'..1'niform t'u�.narr, 9,9� ;+.a�<•1�/h p,i�;�•�� � .
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