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<br /> wrKlemn�tion or dher akinj of�ny prrt of th�e Proparty,c�c,fa canvey�noe in lieu ot are beroby�i�ned+�d
<br /> — �ii be piti iu i.aKici.
<br /> !n the event of a wW takin�of tfie Praperty,d�r ch�li bo applied to the�umo sccvrcd by ttd� Secudty
<br /> Instcument, whether or not then due, with�ny excc�+�pior,4 ta Harower. In thc event of a prRitl talcin�of the Pmpaty in
<br /> which the fair market v�lue of the Propeny imunxdii�tly k�stnre�he t�fcin�Is eqwd to or�ruuer than the�nwunt of�he wm�
<br /> iecurcd by thia Security Ingtrumeru immediuedy befae�FK t�lcing.unlex�Bamwet and Lender otherwl�e�Qe+ee in writin�.
<br /> the sumf securcd by thlr Security Iru�trwne+x sh�ll�be r�iucod by the arrwunt of tho proceeds mulUplied by the followlog
<br /> �'�--�-°-�'-� fr�iiun: (u)Qk eaul w�wwu of ttsc sum.s secursd iru�:.adi�►ttly befc+rr.ihe t�kinB,divjded by(h)the fAir m�rkr,t v�lue of the
<br /> Pmpeny inui�diur�ly tkforr t�•c takin�. My h�l�CO sba�i� be p+dd ro Bonower. In the event af�prrtid ukio�of the
<br /> Propeny in which the fiir murieet valuc of the Hapc�ty i�n�cdiiuely beforc the tdcing ic ksc th�n the Amaunt of the sums
<br /> sec�ned lmmediately beforc the taking,unksR Boerowcr and Lender otherwise agrce in writing or unleu �ppflcsbk law
<br /> aherwise provides.the proceod�+sFwll be ipplied ta+Ire suo�as secured by thi�Socuciry Inctrumer�t wF�etFKr or nat the�w�u ue
<br /> then due.
<br /> If the Pmperty is abendaned by Borrower,or if,a�ts natice by L,ender to Borrower thu the condemnor offerx to malce
<br /> ua Ywurd or setUe a claim for dama�cs,Aarrowcr faJ�t�t ta respond to Lendcr wjthtn 30 days after ihe date tho notice is givrn,
<br /> Lecicksr ia authorized to cvik�ct and apply thc procecd�t,at iu option.either to nstotruion or repair of the Praperty or to the
<br /> turru+securcd by thiv Security la�truct►ent.wht�hcrar rnt thm due.
<br /> Unkx�L.enckr:u�d&xruwer afherwisc a(�reC in wriling,any applicatian of prexeeds tu principal shall not extend or
<br /> postpone the due dace of the ma�thly pay�rantv rciarrcd to in paragraphs 1 and 2 or change the amount of such pYyments.
<br /> 11. Barwrer NW Rekaseda EbrbeK�ce By Lende� Not A Waiver. Extension of the time for pxyment a
<br /> modifKation of�mortization of the sum�stcuced by this Securiry Inctn�menl granted by l.ender to any successor in intercst
<br /> of Borrower shalt not operue to rrktase U�s liability of the original Borrower or Borrower� successors in intecest.Lender
<br /> - � sF►nll na be rcquired to corrwue�e proceedings againse any successor in intecest or refuse w exte��d time for payment or
<br /> othQryui�c modit'y am�xtizatian,of tl�s sunr�secured by this Securiry[nsuument by reason of any demand made by the original
<br /> -_ Borrower or Borrower'a sueceawxs iu interest. Any fixhea�ance by[.ender in exercising any riQht or cemedy shall not be a
<br />� waiver oP or prc�:luJrs tt�4 exe►��u;c r�€any right or rcmcdy. —
<br /> - 12.Succe4surs a�d A�as Bouod.lotut snd Seveml I.i�billty;Co-ai�nero. The covenants ond agrcements of this
<br />-_� Securiry Inrtrumcnt xhal6 t�ind and lxnefit the successors and assigns of Lender and Boaower,subjxt to the provisions of
<br />- pttragraph l7.B�x�owrr's covenants and agreemenu shall be Joint e�x1 several. Any Borrower who casigns this Security
<br /> [nstrument bu�dqce not execute the Note: (a)Is co-signit�g this Secudty Insuttment only to mortgage,grant and convey that
<br />-�!; Bortowcr's intuntat itt the Propctty under ihe terms of this Secudry Instrument; (b)is not personally obligated to pay the sums
<br />- securcd by this Security Instrument:and(c)agrees that Lender and any other Borrower may egree to extend,modtfy,forbear
<br /> � _ or make any accommodation� with regard to the terms of this Security Insaument or the Note witlwnt that Bomower's
<br />,_=��,i�i;��,�� conse�t.
<br /> -- _ __ - %�� i;. I.00n Clwrges. If the tonn secumd by this Securiry Inswment is subject to a law which sets maximum toan
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<br /> charp.es,and thut law is finally interpe+eted so that the interest or other loan charges collected or to be coitectod m connection
<br /> with the loan exceed the permitted limits,then: �al any such loan charge shall be reduced by the amount�ecessary to redua
<br /> ' the charge to the pcanitted limit;und(b)any sum�already collected from Bo�rower which exceeded permitted limits will be
<br /> '"� mfunded to BoROwer. Lender may choose ta muke thic rofund by re.ducing the principal owed under the Note or by making a
<br /> ��'•"�4 direct payment to A�rrower. If a refund reduces p�7ncipal,the reduction wiil be trested us a partinl prepayment without eny
<br /> � prepayment chargc undcr the Note.
<br /> ��., ,�,: . 14. NoUces. Any notice to Borrower provided for in this Security Instrument shall be given by cklivering it or by
<br />- '' �'�n�" „ `''" mailing it by first clasn mait unlcsti applicublc luw reyuires use of another method.The notice shap bc dirccted to the Property
<br />" ""::?`���'6•�'!�K'. Addnss or any aher address Borrower design•rtes by notice to Lender. Any notice ro Lend�r shall be given by first cluss
<br /> ` '� � 'is�:� mail to Lender's addres.,tated hcrein or uny other addresx Lendcr desig�utes by notice to Bwrower. Any notice provided for
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<br /> in thiti Security lnstrument shrill be deemcd to have bern given to Borrower or Lender when given as provided in this
<br /> :�i�'�.,,•�•.:'r�,y..1.. P'�g��•
<br /> ��• I5. GoverninR I.uw; Severability. Thiz Security Imtrument shull bc govemcd by federal law and thc law of thc
<br /> j� � `'� -`'"�' jurisdiction in which the Pmperty is located. ln the event thut any provision or clause of this Security Inst►um�nt or the Note
<br /> �'�'•'-'�`-'•°' `"���`' conflictx with applicuble luw,such conflict sha31 na affect other provi.ions of thiti Security Instrument or the Note which cun
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<br /> �""�.r,, �. be given effect without the contlicting provisian. 'ib tfiis end the pruvisians of this Security Instrumeni and the Nae are
<br /> " !�'��° declared to be scvcruble.
<br /> F �• . . ?,:r;:�`�-��*,� 16. Borruwe�'s Copy. Borrowcr shall tx given one canfonned copy of the Notr�tnd of this Security Imtrument.
<br /> �`��'""'� ��� 17. 'I�ansfer of tbe Property or a Beneficia�Interest in 8orrower. If all or any part uf thc Property or any interest in
<br /> "'"':'° ""'° it is sold�r transfecred (or if a txnetirial interest in BoROwer ix sold or trnnsferrcd und Borrower is ncK a nutural person)
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<br /> :.; . withaut Lendcr'x prior written consent.Lender may,at its aptian,rcquirc immediate p•rymcnt in fup of aU xums secured by
<br /> �,_ this Security lnstrument. However,this option shall ncx be exercised by Lender if exercise is prohibited by federal law s�s of
<br />: +*. �' . the datc of this Security Instrument.
<br /> - a �`� lf Lender exercitie,this option,l.ender shall give gorrower notice of acccleratiun. The notice shall provide a period of _
<br /> _..�.,���c 1 not lesx than 30 days fn�m the datc thc noticc ix�►ivcred cx mailed within which B�xrowcr must pay all sums�ecurcd by this
<br /> .o,:� �- � � Security[n,trument. It'Borrawer fails to pac these xums prior to the expiration uf this period, Lender may invoke any
<br /> � _ -.:''`'` remedies permitted by this Security instrunxnt withcwt funix:r notice or dcmund on Borruwer.
<br /> __��� " Ifl. Borrowe�'s Right to Reinstate. If Bormwrr meet�ccrtain conditions, Borrower tihall havc the right to have
<br /> enforcement of thix Sccurity instrument discontinucd at any time prior to the e:►rlicr of: 1a15 days(or tiuch other pericxl us
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