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<br /> � �In`t�e�veflt of a�totat tatdng of ihe PinpcKy.`ttie�+mceeds sA�i!be app3ied to the s��e�+med by tlils Seci�rttY:` `
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<br /> — --��Ee7ll�ora�ttnen ._ - oRVwe�;��nr- tc`�evea�-zf�ng
<br /> . < < ' wbYch fhc faii.madcet vut�e af the F�+up�rty�nsncdiately 6efor�the tAkin$is equal to or g�eater thaci t���moun�of. sums .
<br /> , . securod by this Se�tuicy Iasn,nuneat immediatcty befor�the taldag.untess�orrow�r and Lender flshenvise�agre�ui�zvr�t�, ` .`
<br /> - the�sari�a�uced$Y this Secun"ty'L�guutnent`st�11�e ndace�d by tAg atuuunY off tke pmoetds aruitiplz�l by thc�faum�ing • .
<br /> �_ — ,, fraction:.ta�sfio tatal amount of t8e�tuns secured'nnmediateiY befo�the takia$.divIded Qy(b)the fair market,vatue af the
<br />__- - � Prope�ty immed3ately before�tIle�taking. Any batguce shall be paid oo�osruwer.' I�the cxent Qf a patdal talan8 af t�. _ - .
<br />_� . . Propetry{n w�tch the fair madcet vaIue of the 1'tvperty immediatefX before the ta&ing is Iess dioit the amount o£the stutts ..
<br /> �a�_ —�_ _ __� . -
<br /> _ - . s�-�wmtedcateig before-t�e tawug,-`tmiess-S�rnower-aAc�Lsttder othetwise ag�ee m wrtimg��-�p,t�Cable-la�---=----_
<br /> - otherwjse pm�v(des,the pioc�eds shall be applied,to the sua�s secnred by this Seciuiry lnsuument wflether or not tfle sw�ara,
<br />-= tAea dua . . : •� � � • . �
<br /> -- If tbe Prnpe�ty is aDandoned by Bornower.or i�after notice by Lender to Bomower that the oondemnor offers to make.
<br />-=- an award or seute a ctaim for damages.Barrower fails to respond to.Leader wtthin 30 days after the date tha notica is givea,
<br />�= Lender is authorized to�oolloct aml apgIy the pmceeds.at its ap6on,either to cestaration oz iepair of the Pmpesty ar to ilte
<br /> _ 'sums secuted by dtis Se�curity Insavmeni.whether or aot then due. . ,
<br />- Un2ess Lender and Bomower otheriHise agcee in writing.enY aAPkcarion o�Proceeds to principal ahall not e�ctend or `:::;��`
<br /> c e the due date of the monttilg paymenu refetred to in paragraphs 1 ahd 2 or change the amnunf of such paymertts: ���'�'
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<br /> - 11. �orrot�Not Released;�For�tieaiaace.By I.erideir N�►t�a Wai"ver� Exter[sfon�of the'iime�for payment as �
<br /> " madification of am�rtization of.tke swnc secured by Wis Seruriry I�tswment gitanted by Lender w any sucoessor in inte�est .
<br /> := . of Homnaer sha�}::i�opernte to�elease tae liabiliry of.the osiginai Boirower or Bonower�s successors,in intere.�t.Lender ,
<br /> _ � shal]not 6e�:to commence ptoceed'umgs againsc any sucoessnr in interest orrefase to extend:��ae.fvr payment or
<br /> ��`.:�'_��= � otheivrise raodifyF ari�pidzafion of the sums secured by this Security Instrument by reason o�any demauci�ad�bp the ang�nat
<br /> t. .�.._?°`;:�:t�:a o:. Horsoa�:�'vr$orrtiitver's successois in inreres� Aay forbearance hy I.ender in�aercising any right ar t+�riiedy s�tal!�De a -
<br /> �,;�.;R�- � waiverafor pcect¢de ttse eaercise of any right or temedy. .. ; ; - �:�:: : - -- .-�--- _
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<br /> -- � ���:`�� �- i�..,�ucces�rs ena Asslgas Bound;Joint end Severa3�Liability;Co-stgness. 1iL��ovenants and agreements�£ttis
<br /> ��y„,�. :;n"���S,• Sec�uity lnstmment�shall bind and benefit the snccessots and assigns of Ixnder and Bor�wer,subject to the pmyjsions of
<br /> :" "'n� " .:: :�'4a.. paragrap617.Boa�ower's�covenants and agreements shal! be joint and se3:era1.Any Bomower who co-signs t6is Sectutty •
<br /> � , s�:;.:.;•... . .
<br /> _ - ��-.r. -.��°_-.r:-�: Insuument but daes not execute the Note: (aj is co-signing this Seeuriry ti�..�ment only.to mortgage,grant and�nvey that
<br /> ��` .e Borrowerk intemst in the E�vpert�r tmder the tesns of this Security Insdvmen� (b)is no��±essonally obligated to pay the sttms
<br /> _ �x,..: ;=,�: . .. :;y.
<br /> _ -`"� ' `--� secun�by this Security Instwneti�and(c)a�ees that I.ender and any o.tter Borrower�}agnee to extend,moelify,fosbear
<br /> en
<br /> ��.�<:'-�'°',:�.���,�°�� or make.any accomrttodations with regard to the tPnns of this Secunty Instrument or the Note withaut that�ornower's .
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<br /> ``' 13. l.asn Ci�arges. if the loan secured by ttus Seeurity Insuuntent.is sttbject to a taw whicl�sets maximam Iosn
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<br /> �.,'',;� �`�;:�'.�,.��°';, charges,�nnd thas law 7iss finaliy interpt+eted so that the interest or other toaii charges collected or to be coIIscted in conaec6on
<br /> - �,..:t -:"�;�•?:. .�:,; wah$ie loan eicc�the permitted timits,then:• (a}any such loan charge shati be reduced by the amount aecessa,�t#ot�lduoe
<br /> �.•• ` ,:-';'�`•' ' the chat ge to tRe pennitted limit;�ucd(b)any sums already cotiected fcom 8orrower wtuc���ceeded permltted limim�+a�l be �
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<br /> '�r •�' sc�f�''f %'•
<br /> •:..•`��`:!.v,.;..,,, refunded to Borrower. I.ender may ehaose to make this nefund by reducing the principa!o�ed under dte Note or bX:na�ing a ,
<br /> ' =• , .:;::;r,�`,'?;;;,:. direct payment to Borrower. If a refund reduces principal.the reduction will be treated as a partial prepayment wittiout eny
<br /> -__ ':;.; ,;.;;',_:..,,.: �
<br /> � ,_• ��� prepayment charge underthe Note.
<br /> �` :� `��"�'''�°��� � 14. Notices. Any nodce to Borrower provided for in this Security Instrument sttatF be given 6y delivering it or by . ,
<br />= �. ,'�°:�'::.s:;;'�� � mailing it by fust class mail unless applicable law reyuires use of ar�other method.7'he nouce shall he directed to tAe Prioperty ,
<br /> i3�, '�':,-_:.:; �:; : Address or any other address Borrower designates by notice ci�Lender. My notice to Lender shall6e given by fust class
<br /> :< � : ' � mai!to I.ender's address swted herein or any other address tx�er designates by notice to 8orrower. Any noace pmvtded for
<br /> . ; _•�'•�.� � �� ' in this Securiry Instrument shall be deemed ro have bees�given to Borrower or I.ender when given as provided in this
<br /> �: : � :°'; ::.. �' p��ph. .
<br /> '_�--i_ -------�=' 15. Governiog Law:Severnbtl[t This 5ecurity Inscvment shall be govemed by federal taw and the law of the
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<br /> _ . . '._ ,. �. jurisdiation in which the Property is located. In the e�•ent thac any provision or clause of ttns Securiry instrument orttzc Note
<br /> ���s�'-�• confiicts with app}icable law,such conflict shali noi affect othea provisions of this Security Instmment or the Note wluch can
<br /> ti;��.a�
<br /> � �;;�:>: � ; be givz�effect without the conflicting pravision. To this ertd the provisians of this Security Instrument and the Note are
<br /> declazed ta be severable.
<br /> � � '� ,•`, .�� lf. Borroaes's Copy. Borrower shall be given orte confonned cap�of che Note and of this Security Instrument.
<br /> " 17. 7lransPer of t6e Property or a Bene�cia!Interest in Borro�rer. if all or uny part of the Praperty or any interest in
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<br /> - <<,��. it is sold or transfemed lor if a benefccial interest in Borrower i.�old or transferred and Borrower is not a natural person) ____
<br /> � :,.' .. without Lender's•prior written consent.Lender may,at its opsion,require immediute payment in full of all sums secured by :—�
<br /> this Security]nstmment. However,this aptiun sh:�ll not 6e ex�°rcised by Lender if exercise ic prohibited by federal law as of �`';��-
<br /> •, ' the date of this Security Instrument. ` `}�;�_
<br /> _ ,.,�:,,:`�.,. IP Lender exercixes this option.Lender shail give Borrower notice of acceleration. The noiice shali provide a period of • -
<br /> • 2�' not less than 30 days from the date the notice is delivered or mailed within which Horrower must pay ait sums secured by this '
<br /> - !;. ; ,,. ` • � ' : Secu,�ity Instntment. lf Borrower fails to pay thece sums prior to the expiration of►his period. Lertder may invot:e any ;
<br /> �.- • : � ' iemc�dies peenitted Ay this Security Instrument without furtim natice or demand nn Borrowec �:":.'
<br /> ��•.;• •• • ` IS. Bonower's Right to Reinstate. lf Borrower rneets certuin conditiuns. Borrower shall have the right m have
<br /> '�p�� � enforcement of this 5ecurity Instrument discontinued�t any time prior to the earlier af: lul S days(or such other periaf ac �
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