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<br /> -�_—--- condemaaflon or other taking of aay pact of dze Pbc�operty,oi fbr conveyanca ia�.of condemnation.ere�e3►Y assi�ed sud` .. -
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<br /> _ --. _ ... .. .s�t#�psi��-�,�__ = - -� �� � --- -- _ � . . : .. _.. .--
<br /> - - ----- In the evem of a wtal taTdng-nf 8�e Froperty,the prdceeds shall be agplied tv the sums secured:by dtis SecutiiEY —
<br /> _ - -- _ Insni�men�whether or aas thea due,with any excess.pa&E f�Bomuwer. Ia tice event of a part[al taktng of,ti�e Pco�ty±in�
<br /> --� -- whis�the fair ms�iat vaL3e of ttie Property imm�diateu!�efu:e the�cing is eq�to or g�ater than tite amuunt of the�sums' �
<br /> secuced bythis Seauity lnswmerit imme�tiately befoze dce taIdng,tu�Iess Bonnwer and Lender ot6�rise.agee in wrltiag, .
<br />-'_� ti�e sums secared by ttis 5e�vtIty lmsttumeat saalt be reduozd by tIIe amount of�tte pruoeeds multipiied 6y dte foT�owfa$ '�
<br /> - -------- ----- fractEon: (a3 ihe saml amount of die sums s�rod immer�atety befare the taking,divided by(b)the fair market vatuet of ttie -
<br />� -- Ftoperty imntediazely 6efore the taking. Aay balsnoe shall be pafd to Bmsower. In the event of.8 parteal ml�ig of tAe
<br /> :x pmgeny in wbi�6 tds fair madcet value of the PcopeKy immediately before the taIcinng is tess than the att�ouat of,t�sums
<br /> . _ ..
<br />_-.. - _ _sesRUed immeaiat�Iy_before the taktt��,_untes.s Boaower�nd Lender othemiae agree ia wri'_ or untess apRlicab2e law
<br /> _ - .•x;�. - otDeraiise Qmvides.the prooeeds shaU L+�applied tvthe swus secarad 6y this Secdriqi lnsuunient�wdether or not tlia sums aie - ---_ -
<br />�:. then due. � �
<br />_�'' I�L�Ftvpe►ty is abandoned by Hcnrower.Qr tf.sifter no(�by Lender cu Bo�rower that the condemnor oftera to mako -
<br /> en award or asate a claim tbr damag�s.Burrower f�ifs to respond to Lender wtthin 30 days after the date�h�not[ce ia glven, . .
<br />_�.� Lendei is eutd�ortzed to collect and opgly the Qrocecds.ul its oAtion.either to rastarntion'or repair o!the Ptapettyr nr to the
<br /> _ suma securea by this Secudry In.guumsn�whetber or aot then due. . ' ' �
<br /> � , Unleas l.ender an��orrawer otheswise agree iq wridng.Qnynpplicattmi of proceeds W principal shaU nut txtend or
<br /> � po�tporte tlte due dnto of We monthly payment�ceferred to in paragrt+p6s l and 2 orchange the emonnt of such payments.
<br /> �- � 11: Borncret.Not Reteased; Fbrbeuraeoe By I.ender Not n Waiver.. Factensioa af tEte .time t�r paytn�lt or -
<br />- -�„�'x mfldlttcaUon of amortizatlon af the eums secured by this Secudry lnsuument granted�y Lender to any succ�sor in interest `-l�T
<br /> .��• ;; , of Barruwer shall aot operete to releasa the tia6ility af the originat Bonnwer or Baarowerh sucoessors in intemst Lendee
<br /> '�''�'�. shal!not be�ui�to cammence proceedinga�g�ut any succes�or In intc�st or cefuse tfl extend time fot Qaymeni o:
<br /> :�:- �<�a�
<br /> . • otherwtse modify amortizadon of the sums secured Dy dus Secnrity insuument by reason of any demand made by the ori�aa��
<br /> z�;7r=--- =:-fi�.,�; ` Boimwes or Bosowerls successora iu intenest. My forbearance by Lender in exercising any right or remedy shaU not b�s _,_�.._
<br />- M�f � ,,��� waiver of or preclude the exercisc of any right os remedy. �.�--- _
<br /> -- �; � �.�X� lZ. Suacessors aad AssIgns Bound;loint and Several l.Isbiuty;Co-stgnera. The covenaats and agmxmenrs of this _
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<br /> ��k� Security Inswment shali biad aiW benefit the succeswis and assigns of Leader and Borrower.subject to the provisions of
<br /> � `��''µ<•. '� _
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<br /> , .r,{,�;y:._.. paragtapb 17.Bor�vwer�s coveaants and agreements shall be joint and several. Any Borrower who co-signs Wis Security -_:��__
<br /> - °::�-. ..� ::�: �� Inswment but dues not execute tbe Note: (a)is co-signiag this Securlty Iastrument only w mortgage,grant and convey.Wat i�{Q��;�
<br /> ���=�'�'::, :'-���'F� Bormwer�interest iu ihe Prnpetty uader the teans of this Security Instrumen� (b)is not personaUy obligated to pay the sums �---=:°�
<br /> • � + ''.s��;:;:..,
<br /> -�� �`:.�:* �'�' • , secured by thLs Security Iostnunen�and(c)ag�ees that Lender and any other Borrower may agree to extend.modify.for6ear
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<br /> ��-�-,��.,. •'?'�;'�,;� or make any ecoommodations with regard to the terms of this Security Insuument or the Note without that Borirower� ,�,�
<br /> "+� • consenG '°�•v --
<br />_ -� ,. '��" = l3. Loan Chatiges If tl�se loan secured by this Security L�suument is subject to a law which sets maaimum loan `�F� -°
<br /> � �` ` charges.and that Iaw�is finally interpreted so that the interest or ather toaz►ctcarges collected or to be couected in connectim� ��°'-•
<br />�: �rf_t . : ! ,. i� with the Ioau exoeed the permltted limits.then: (a)any such toan charge shall be reduced by the amount n�essary to reduce �,:_�
<br />- ..,�,�-.=�=�;::�:��=;,,,; the charge to the Qerma�cod limit;and(b)any sums already collected&om Boma�ver which eaceeded permitted limits will be ��"�-�—
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<br /> � '�u�=`tl.;_ ..:..;�� : ;,,,;.,, nefunded to Borrower. F�dec may choose to make this�efund by redacing the priacipal owed under the Note or by maidng a �i�_
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<br /> �� ����s{i`+} ' ' � direct payment to Borrower. If a refund reduces principal.the reduction will be tnated as a partial prepayme�t withont any ��`°�;�
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<br /> ;:-� .° };; +�e -''� a eat c e underthe Note. _'�� =-
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<br /> ' 1Q. Nodcea. Any no�ice to Borrower provided for in this Security Instrument shall be given by delivering it or by ;3�;�=;;:-�:___
<br /> ,.i;.'t_ `'. � •. Y. N , .�1.�..
<br />� �n mailing it by fust class mail.uniess applicable iaw cequires use of another method.The aotice shall be directed ta the Property M
<br /> i +� � �� ;, Address or any other address Bomower designates by noticc to Lendec Any na�ice to Lender shal}be given by frsi class 3�i�s� ��
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<br />� ��t�,�;r��; �..: � ,: mail to LenderIs address stated hereln or any other address Lender designates by notice to Borrower. Any nosice provided for §�. : :: , e�.y,�
<br /> '��F' � in this Security Instruunent shal! be deemed to have been given to Borrower or Lender when given as provided in this - ,�s
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<br /> �. 1 5. C o v e r u u i n g L a w; 3 e v e r a b I l i t y: T h is S e curi t y In s u um enc sh a ll b e g ovemed b y federal law and the law of th� .
<br /> � t"r:��•�`•• 4 - jurisdiction in which the Prnperty is tocated. In the event that any provisiou or ctause of this Security Instrument or the Nota � �T_�:'
<br /> : .. �::��� :
<br />- ' "��';?'� .•':;,�' �° eontiicts with applicable taw.such conflict shzil not affect other provisions of tius Security Instcument or the Note which can � .a��:; � '-
<br /> ' r�.�F%''�`•` - • ;�: beg►ven e;fect witkout the conflicting provision. To this end the provisions of this Securiry Inswment and the Note are .�;�:::` ' ���
<br /> . ` �.fs„�z�:`�;;.;- :: declared to be sevenbte. ;Y<:: ' .;,:;�''�`''.`-_
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<br /> � ; � '�: � +,,�,�, 16..Borrower's Copy. Borrower shall be given one confosmed copy of the Note and of this Security lnsmimen�. : ;;�'i is;,� ;�''4'�
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<br />- �•�'.?' ' •��••�• 1T. 7Fans[er of the Property or a Henefciat lnterest la Borrower. If ali or any part of the Propeny or any interest in ��:'',':;'=;;;.� +..:,i: -
<br /> - ' • �t.-.�4.''..: .sl•:..:'�:..{ -..,`�_
<br /> � ' ' it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) �Y;
<br />�: ,�,a�Y:.,,'�;.. .,; : � without Lender's prior wriaen consent.Lender may,at its option,require imrnediate payment in full of all sums secured by 4�;�+.. ''�-;� �=��
<br /> �� .�� � '�',' �' this Security Instromen� However.this option shaU not be exercised by Lender if exercise is prohibited by federal law as of �`�
<br /> ,. ;���.
<br /> : ,:�;;„ : . . . ` � the date of this Security Instrument. . "�
<br />=^`' �:��� •� " '°�{�'< If Lender exercises this oprion,Lender shall give Borrower natice of acceleration. The notice shall provide a period of '
<br /> '" � '� not less than 3U days from the date the notice is delivemct or mailed within which Borrower must pay al!sums secured by this ��''°��'.'"'
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<br />���° �; ,• .' Security Instivment. U Borrower fails to pay these sums prior to the expiration of this period.Lender may lnvoke any
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<br />=��� ��'��"���� � � �' remedies peanitted by this Security Instrument without further notice or demand on Borrower.
<br /> ° ':�':''. '". - , . � 18. Sorrower's Right to Reinstate. If Borrower meets certain conditions. Borrowe�shall have the right to have �.,:,�� �� •. :�
<br /> <a,` _` .' •.. . �:.. _ .. . .: .
<br /> � • enforcement of this Security Instrument discontinued at any time prior to the earlier of• (a>S days(or such other period as . .
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<br /> � Single Family»Fanule Mue/Fteddte:Nac L'.�"I�ORN INS7'Iti:!NE�IT—Unifortn Covenants 9/90 fpage 4 oj6 yoges) �:
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