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<br /> -------�..���,��.,i�r�o€�nv emi ogd�P�ta�eny.or tor conveyAUt�e i�lieuof ca�n�tan.aia hereby ssstgr�ect aad c ��
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<br /> sballbe,pai�ktot:entter� . •: <_ � � � - � ° — �
<br /> . 'tat`ttte avent.of,a total�tak[pg�of tIIe Property.tlta ps+ocepda sh�il be apglieQ�to the suma seau�ec�by�tflis�octuitg
<br /> — --_ _ - �c i`n"��"t�i��"ea�s pa�'��i--�t��tti�a-��-it+�. � �+ - - --- - _ -
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<br /> �, w�iiah `faiz maricet ve�ce o�t�e P�operty i�mneQlately before ihe taking is equat is or greater thaa tha smmmt of sumst �, �
<br /> � sectuedby this Setauity Tnswmest immediateiy before the tnktng�unlea�BmroWer end Le�der othcn4ass agceo i��rrl�nng.� ` � , .
<br /> . � ths�nls se�r�'b3+th�s Secutltl►Instiumeni sI�U Qe tEduced by ihe amount of the pmoe�s muUiplied by ttie folk�wing �
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<br /> � '�. &attic+n: (a)the total a�aaunt af the svms secured'uaarediately 6efate the t�g,divided DY ib)th�k�ir rta�eot vati:e of ttte.� <. .
<br /> — � ` Praperty imm�diateSy before the takin�. Any Ualanoe shalL be paid.ta Botrotiver. In the�evem of a parttal faldng of�e
<br /> — - pmge�ty iry�rtuch ttie f i i i r m a r k et i�a lue tl f t he P Y C p erty imm e d i a te i y b e f o c e.t h e t a k i n�i s t e s s t h a n t R e a m ount of the swns
<br /> - . ------s��iamedi�iety befa�the t�a'g:untess
<br /> Boanweramdt:endec-ot�te�vise-agt+ee-iavvsidng�tmiess-ap�lisablela�u-:---=-... _.- ---- -------------
<br /> atheivvise pmvides.the pmceeds shall be applied to�the sums secuted,b�ti�is Security Instmmeut whether or not.the sutns aie -
<br /> . �. �
<br /> theadue. �
<br /> If the P�apt�cty is abaadonoa 6y Boaower�o�if,aRer aotice by Leader to Soaower that the caademnbr offets to atake �
<br /> � aa awmd or settle a claim for damages,Barrowes faiLs to respond tn L�ender widiia 30�days aRer the dste the ttofice is g'ive�, .
<br /> Leud�r is authotized to co}Iect and appiy die piuceeds.at its aptcon.either to testoraation or repair of the�Pmperty or to the �
<br /> staats se�ucEd by tBis Secwity.Itt�ument.whether or nat dtea due.
<br /> .;;�•�r�s Lende4 and Bo�a�a`r�otherwise agcee in writing,anY aPFlication�o��s to prinagal shall not euend or
<br /> - ���cH��o�thf.�a�flY Paymems refe�to arpapaaghs 1.a�d2 oic�gethe amouut of such paymerits. .
<br />_ ��,� <:�:"�r�c�o�v�r:Aii��$elet�5ed;�Fbt6eaianee Sy.'Ca�.�.}at�:�at��3s�: '�ict�rision oF the time for paym�n�� `.
<br /> -� �-° m.ocdifica�ion o�aiuozsi��i�Yhe sums secured by tl�is�3y��c�;��t�b�?itei�der za a�}�successat�ts.�st
<br /> _��.
<br /> -�.. ;pf�or���haII not op�sat�_tu�elease the IiabitityR,of tbe+or�nat BvriaK-es+�r B�ro�veir�suaa�ssc�?s in' ,.. ��� :- :�
<br /> �4__,�____ shat#.�ut be��equi�ia Go�ameat�e pmceedings.�gasnsz.a?y��t�.�ar r�t4 e�cifiia�time far paymie�or � �:s�
<br />-----��-e�e��s ' otAz�irise madi�t.:aa�dr�:�ori a�'at�sains secur�3.8y tFibs 5�au�ty�meat�y ceasoci of auy dea�atid inade by the originat �:�
<br />--='�°�•�"=�'. '``'�' "'`� � Boaower m Bor�?aw�ez's succe�cciiis in intenes� Rny forbearance by[�ecin��ercising any right or rEmedy shall not be e '
<br /> _�_�� { � .. . ...
<br /> �aiverof ar preciude ihe exepeise of any rigRturYemedy. _
<br /> "�"'�-_�� 12. 3uocessors and Assigns Bannd;doint and Several LiabiUty;Co-stgners. TAe covenants and ag�meu:s of thIs� .
<br /> �_;���� Secwity Insuument shall bind and benefit the successors and assigns of Lender and Bo�rower,subject to the provisions of
<br /> ��=e�y��;, ,, ., patag�aph 17.Hmmwers covenants arid agceements shaU be joint and several.A»y Bartower who co-signs this Securia}r
<br /> ��a�' F'� Instrument but doea not execute the Nate: (a)is co-signing this Security Instrument oely to moitgage,grant and convey tkat
<br /> { �a .��..:.,
<br /> '�. • ��'�"�`` Bonower's interest in the Pcoperty under the tetms of this Secudty instrumenG (b)is not petson�lly obG�ated to pay tRe sums
<br /> ,��;t..::.ti., secured by this Security Instn�R►ent;and(c)agrees that L.eader and any other Botrower may agree ta extend.madlfy.forbeut
<br /> �� ;._, �.. ot make any accommadattons with resand to the tertns of this Security instrument or the Note without that Aorrnwerk
<br />���,�4'.• .
<br /> �>,. conse�. �ao Charges. lf the loan secured by this Secudty instyvment is subject ta a luw which sets maximum loan - -
<br /> ;�,r .i � ch�es.and that law is finnily.interpreted so that the interest or ather loan chs�rges collected ar to be wllected in rnnnection
<br /> �k.��.-. ,�x wtth the laan eaceed the pennitted limits,then: (c+)any sucfi toan c6urse sAall be reduced by the amount necessury to reduce =- -
<br /> r-,. the charge to the permitted limit:and lb)any sums already callected from Borrower wAieh exceeded pertnitted limits wlll be � j
<br /> �Y'�Ff. ••.r.._ •�
<br /> ?i=�_ ••..:�: . � refunded to Bomower. Lender may¢noose to make this r�efund by reducing the principal owed under the Note or by making a ._
<br /> :.. r..t�.
<br /> - ,�s-•. •t _ djtect payment to Borrawer. If a refund teduces principal,thc r�eduction wdl be tceated as a partial pcepayment without any ��
<br /> ���''�'? ���" �. prepaymem charge under tha Note.
<br /> - ������ "= � . 14. Notices. Any notice to Sorrower provided for in this Sec�rity Insuument shall be�iven by deUvering it or by t"':. � i
<br /> ���'�:;` �:. - mailing it by fust class mail unless applicable 1aw Tequires use of another method.The notice shall be directed to the Propeccy �=��
<br /> • �^'°• � ' Address or an other addre5s Horrower desi tes 6 norice to Lender. M notice to Lender shall be ven b first class `�` `�:��'
<br />- � . ' y 8� Y Y � . y .:'.t.:.: .
<br /> _ . - � mail to l.ender�address stated herein or any other address Lender.designates by notice to Borrower. Any nonce provided for . •,•. ..
<br /> �:,�,;•�' �., . - in this Security Instrument shuU be deemed to have been given to Borrower or I.ertder wAen given as provideai in this ;',Y;,`;��:•.; y � ��'�_
<br /> . t PatagraPh•
<br />_j IS. Goverming Law;Severability. This Securiry Instrument shall be govemed by federal law and Ne law of the J ��':��'�,;�
<br />� • � jurisdiCtion in wf�ich the Property is located. In the event that any pmvis�on or clau�e of this Securiry Pcsuument or the Note ' ' � ';� ____
<br /> ' � • •`�� conflicts with applicable law.such conflict shail not affect other provisiom nf this Security Inmucreer.c or the Note which can : ;.�� '�,•,'t:
<br /> ��;.'..�,�.+t`��r�;':::�:�;<?f� be given effect without the contlicting provision. To this end thc prvvisions of this Securiry Instrument and the Note are � �-' t•��.. x� "�'.<-_
<br /> :�, ,i� :,;:,�s� ,}'�,t declazed to be severable. t `�,:� � �;���,-ti,,•
<br /> � � . ��+ 16. Borrower's Copy. Borrower shall be given one confonned copy af the Note and af this Security Instrument. : � ;'�,ti
<br /> -, `' '`� 17. 71raa�er of the Property or a Benetictal interest in Borroa�er: If all or any part of che Property or any interest in � , .;; ' ���� �
<br /> •� • it is sold or aansferred(or if a beneficial intereyt in Borrower is sold ar transferred and Bomnwer is not a natural person) �.� « �'�`�
<br /> ' .. � . � ,•:�,
<br /> ` • •�� � ,; without Lender's prior written consent,I.ender may,at its option,require immediate payment in fa�ll of all sums secured by ' �-� ��:-�
<br /> °'�` ' " - thls Securl Instrument. However,this o tion shall not 6e exeroised b Lertder if exercise is rohibited b federal law as of � `��
<br /> P Y P Y :���.;.
<br /> '�• the date of ttyhis Securiry Instrument. ,�l
<br /> ',.., � _ lf Lender exercises this option,Lender shall give Borrower notice of ucceleration. The notice shall provide a period of r;
<br /> � not less than 30 days from the date the notice is delivered or muiled within which Borrower must pay atl sums secuced by this '
<br /> c- . . � Security Instrument. If Borrower Fails to pay these sums prior ta the expiration of this period.Lender may invoke any �:
<br /> • ' � remedies pemutted by this Security Instrument without further notice or demand on Borrower. �- � � : •�� �
<br /> , � . 18. Borrower's Right to Retnstate. If Borrower meets certain conditionc. Bu�rtower shall have the right to have �;'•: a � �
<br /> � ' ' enforcement of this Securlry[nstrument discontinued at any lime pdur to the eariier of: (a)S days(or such other period as t .
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