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<br /> rc�ndemnatic�n or Mher ukin�of�ny put of the i'roperty,or for ccx►voyance in Il�u o(ca�denvuUnn,ue ha+aby wi�ned and
<br /> -- - :i-all ra pald to l.:.ndrr.
<br /> In �i►e ovent af a td�t t�icin�{ oF the PropeAy, the pn�cKdr �h�ll bc opplied to �he wmi �ecurcd by thiw Security
<br /> lu�tniment,whetircr ix nut then duo, with any rxcerN p.id�o Burrawer. In the event ot N panirl t�kin���f tlw Propocty In
<br /> which the tiir mruket vwlue uf if�Pn�perly immrdiwtely bef�►rc the twkin�1�eyuMl ta ar aro�tcr�han the MnN�unl of the Kumr
<br /> �urnl by thir Saudty Inntrun�cnl imm�xilrtely Ixfuro the twkin�,unle�x Bwrowar wxf Lender wherwi�c��rcc in wdtin�,
<br /> the�um�socurod by thir Sscurity Inrtrumrj�t sh�ll be rcduced by the wmaunt af the pra�ad.mulNpHod by the f�llowina
<br /> � -� frnctinn; (R�ihe tMnl Am�x�nt c►f the rumr�ecurr.d imimclixtely Mefi�rc the tnking,divicied by(b)the fwfr market v�lue of the
<br /> -- . Propeny immediatoly befon�ttu: tukinb. Any balunce �hsll bc pnid ta Borrower. In the event of a partial takinQ of tho
<br /> Prc►�erty in which tha fair mwdcet valuo af the Pcapeny immedlatcly bcforc thc tykin�is leais�hrn the wmou�t of the suma
<br /> � s.ccurod immediutely before tho tukfng,unless Borrower w►d Ixnder otherwisc egree in wrlting ar unleRa epptic�ble law
<br /> atherwfse providos,the procads ah�il be�pplied to the rumc aecured by thi4 Secudty In�wment whether or not the rums arc
<br /> then duo,
<br /> If the Pmperty is abundoned by Borcawer,or if,after notice by Lender to Boirower th�t tlw condemnor offers to make
<br /> an oward or settic o claim for damages,Borrower fuils to respond to Lender within 30 days after the date tho notice is given,
<br /> Lender is authorized to coUect and apply the procceds,at its option,either to rcstoratian or�pair of the Property or to the
<br /> sums secumd by this Security Instrument,whether or not then due.
<br /> Unless Lcnder ond Bart�ower othen+vlse ugree in writing,any application of procceds to principal shult nat extend or
<br /> - postpone the due dute of the manthly payments referred to in paragniphs 1 und 2 or changc the amount of such payments.
<br /> 11. Borrower Not Relesued; Fbrbearance By Le�der Not A WAiver. Extension of the timc for payment or
<br /> modificuion of amortization of the sums securcd by this Secudty Iustrument granted by Lcnder to any successor in lnterest
<br /> ,�T of Borrower shall not operate to t�clease the liability of the original Botrower or BorrowerSt successors in lntorest.l.ender
<br />_" shaU not be requited ta commence praceedings aguinst any successor in intarrst ur rafu�to extend time for puyment or
<br /> othervvise modify amartizution of the sums secured by this Securiry Inatrument by reason of any demand made by the oaginal
<br />� Borrower or Borrower's successors in interest. Any forbeonuece by Lender In exercising any right or remedy shall not be a
<br /> � waiver of or preclude the exercisc of any right or remedy.
<br /> 12. 3uccessors and Assigne Bound;Jafnt and Severel I.iabllity;Ca•si�ners. Tha covenants and agreements of this
<br /> , •�;' Security Instrument rhnll bind and benefit the successors und a�csigns of Lender and Borrower,subject to the provisions of
<br /> r i` parngraph 17. Borrower:s covenunts nnd ugreements shall be joint And several. Any Borrower who co-signs this Security
<br /> , Instrument but does not executo the Note: (u)is ca-signing this Security Instrumenl only to mortgage,grunt and convey that
<br /> BaROwerk interest in the Property undcr tho tecros of this Security Instrument; (b)is not personally obligated to puy the sums
<br /> '� secured by this Security Instrumenr,and(c)i�grces that Lender and any other Borrower may asree to extend,modify,forbear
<br /> or make any eecommodations with regurd to the tertns of this Security Inshvment or tho Note without thut Hocrower's
<br />«:; consent.
<br />-'�-;; 13. Loan Charges. If the loun secured by this Security Instrument is subject ta a luw which sets muximum loan
<br /> '`�►�,�r,. , charges,and that law�ls finaDy Interpreted xo that the interest or ather loan chorges collected or to be collected in rnnnectian
<br /> � 7 •_���;� � = a with the IoAn exceed the permitted limits,then: (u)any such lo:u�charge shall be reduced by the amount necessary to reduce
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<br /> � ,.ow; :..�.:: . : ��. the charge to the permitted limir and(b)any sums alrcady collected from Borrower which excecded pemiitted limits will be
<br /> �y..,.ri^ .
<br /> •;,,',�n,,os�,ti�+:._ refunded to Borrower. Lender muy choose to muke thi+refund by reducing the principal owed under the Note or by mc�king a
<br /> � t'+ ;�. dircct payment to Borrower. If u refund reduces principnl,tbe reductfon will be treated as n panial prepayment without any
<br /> ���' ��" re a ment char e under the Nnte.
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<br /> 14. Notices. Any notice to Borrower provided for in this 5ecurity In.r•trument sball fx:given by delivering lt ar by
<br />°„ ,,,,�'��'-�r���, :;,. . mailing it by first cluss muil unlexti upplicuble luw requims usc of anuth:r method.The naticc.hall He directed to the Aroperty
<br /> . '`r,;:�.,-� �• .-�s�► - ., Addm.s or uny other address Borcower Je.ignatch by nutice to Lenckr. Any notice ta Lender shull be given by first clu�x
<br /> - �� 4;, _ ';�:�'r;- mnil to Lenderk addrcsti stated hercin or uny othcr•rddms.Lender denignates by notice to Borrowcr. Any noticc providcd far
<br /> .. ... in this Sccurity Inxtrument .hult Ix decmed to huve tkcn �iven tn B�rrower or Lender whcn given us pruvided in this
<br />-n� •vt�.. :, .�e y^• P8(agl'A])It.
<br /> '��j��, � IS. Governin� Law; Severabflity. This Sccurity Instrument sh:iU be govcmed by feJeral luw and the law of thc
<br /> -. ' juri�diction in which the Property is located. In the event that any proviaion or r�ause of this Security Instn�ment or the Note
<br /> •�r+t= , conflicts with upplicuble luw,such contlict shull not uffect other provixicwiw ot this Security Intitrument or the Note which cun
<br /> �-;:-;w��• „� be given effect without the contlicting provirion. To this end the pr�avisions of this Socurity Ins�trument and the Note ure
<br /> declared to be�evcruble.
<br /> ,4���� ,_ 16. Borrower's Copy. 8orrower.hull tx given one confcxmed cupy of the Note and of thi�Securiry Instrument.
<br /> , ��•• •. - 1T. 1Yansfer of the Propertv ur a Beneticial Interest in Burro�ver. If uU or uny pan of the Propeny or uny interest in
<br /> ' �.,,•�, •::'�'
<br /> 4» jt is sold or tr;u�sferted(or if u lxneficii►1 interest in Borrowcr i. u�1d or trun�ferred und Borrower is not u nt�tur.+l person)
<br /> �'��3'r ' wlthout Lender's prior written ron+�nt.L�ndcr may.at its option,reyuire immediatc payment in full of UII sums sccured by
<br /> `°�� , �" � this Security In,trument. However,this option shull not br exercised by Lender if exercisN is prohibited by federul law as of
<br />''"�;{;. ""'• •` ' the date of tUis Security Instrument.
<br /> - ' �!���.'•=`� !f Lender exercisrs this optiun,Lender shul l give Borrower n.xice of accclerution. The natice shull provide a period of
<br /> _��a�t�.::��:.::..
<br /> :��,,�•, not less than 30 days fram the dutr the notice is delivered or mail��d within which Burrower must pay all sUms secured by this
<br /> � • , ; Security Instrument. if Borrowcr fail�to pay thexe sums prior to thc expiration of this period. Lender muy invoke suty
<br /> �`% " �` ; remedies permitted hy this Securiry Instrument without further nntice or demund on Borruwer.
<br /> � =���.� ��^� •-:-_,; ; 18. Borron•er's Rl�ht to Reinstute. lf Sorrower meet. cen•rin condition.. Bonower shall have thc right to have
<br /> — -- i enfarcement of this Security lnxtrument discontinucd at any time prior to the rarli�r of: (a)5 duys(or surh other period as
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