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<br /> condemnation or other wkin��f any prrt uf�hc Property.ur for conveywue in lieu of conder u fon,an he�eby�i�ncd�nd
<br /> shaU be p�id to Lender.
<br /> In the event of� tatai tKiciug vP ti�n F��:rty, thc Itiocccds slsall bc applied to ittt aurns secured by thls Secur�ey --
<br /> Instrument,whethcr or not then due,with any excess pwid ta Borrowcr. In the evcnt of a partiul takin�of the Piropeny in
<br /> which the f�ir market valuc af tha Property immcdiately bcfore t6c tuking is equul to or grcater than tbe umount of thc Ruma�
<br /> securcd by this Securiry Imuumcnt immediately befarc�he 1Wlcing,unless Bormwcr und Lender otherwlsc ugree in writing,
<br /> the sums secured by thia Security Inctn�ment shull bc rcduced by thc amount of the proceeds multiplied by thc followin�
<br /> fraction: (w)the total amount of the sumY secund immedirately before the tuking.divided by(b)thc fair mrrket valuc of the
<br /> - _ �� - - _--�' Fhopeny imroediately beFore the wking. Ally IHiIW1l:B sllitll IlN �Id !O DOROWCI. In thc cvcnt of•r parlial i+►king of the -
<br /> - Propecty iu which tha fair nuukCl vulur ut the Pruperty immediutely bCfurc Q� taki�ig is less than thc umount of the sums -
<br /> secural immediately bcforc the taking, unles.� Borrower s►nd Lendcr othcrwise agree in writing or unlcsx upplicable law -
<br /> otherwise provides,the procceds sh�ll be applied to the sums cecur+ed by this Security Insuument whether or not the sums arc
<br /> then due.
<br /> - - If the Property is abandoned by Borrowor,or if,after noticc by Lendcr to Borrawcr that the condemnot offers to make
<br /> an award or settle a claim for dnmages,Borcawcr fails to mspond to Lender within 30 days aftcr the date the noticc is given,
<br /> @°��� Lender is authoriud to collect and apply the proceeds.at its aption,either to restorution or repair of tl�P�roperty ar to the
<br /> sums secured by this Security[nstrument,whether or not then due.
<br /> Unless I.ender And Borrower otherwise agree in writing, any upplicution of proceeds to principal s�hall not extend or
<br /> --- - postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or chAnge the amount of such payments.
<br /> 11. Borrawer Not Released: Forbtarance By Lender Not A W�iver_ Extension of the time for payment or
<br /> __ mcidification of amortization of the sums secured by this Security Instrument granted by Lender to any succe.r•sor ln interest =_
<br />_.:.,;�,� of Borrawer shall not apernte ta release the liubiliry of the originai Borrower ar 8armwer's successors in interest.Len�er
<br /> - shall not bc rcqaircd to commencc proceedings against any successar in interest or refuse to extcnd time for payment or _
<br /> =- otherwise modify amottizution of the sums secured by this Security Instrument by reason of any demand made by the original
<br /> ' j�l Borrower or Borrower's successots in interest. Any forbeurance by Lender in txercising any rlght or rcmedy shall not be a
<br /> w�iver of or preclude thc exercise of any right or remcdy.
<br /> 12. Successors and Assi ns Bound•Jaint and Several L�abilit ;Co-si ners. The covenants nnd u reements of this
<br /> 8
<br /> . Y S 8
<br /> .
<br /> � Sxurity Instrumcnt shull bind�nd bene�t thr successon and assigns of Lender end Borrowcr. sub�ect to the provisions of
<br /> j� •�� � paragraph l7. Borrowe�S covonants and agmements shull be joint und reveral. Any Borrower who co-signs thi�Security _
<br /> � Inatrument but das not execute the Note: (u)is co•signing this Security Instrument only to mortgage,grant and convey that
<br /> Barower's interest in the Property under the terms of this Security Inxtrument; (b)is not personally obligated to pay the sums
<br /> - secured by this Security Instmment;and(c)agrees that Lender and any other Borrower may ngree to extend,modify,forbes+r
<br /> - or make any accommodationr with regard to the terms of this Security Instrument or th� Notc without that Borrower�s
<br /> :s:� :,,� consent.
<br /> - �;. ' 13. Loan ChArges. If the loan secured by this Sccurity Intitn�ment i.r•subject to A !nw which sets maximum loan
<br />-. �" _= 4" cher�es,and that la:v is�nally intespreted so that tfie interest or other losn ch�rgrs co!lectec!or to hc co!lect?d in connPSti�n
<br /> '�,'��5 with the loan exceed the pertnitted limtts.then: (a)any such loun chargc.r•hull be reduced by the amount necessary to reduce
<br /> ° t.:�•. the churge to the permitted limit;and(b)uny tiums alrrudy collected from Borrawer which exceeded pem�itted limits will be
<br /> '�' ' �•"'"•�"�'"'• ' r+efunded to Borrower. Lender may choose to make this mfund by reducing the principal owed under the Note or by mal:ing a
<br /> Y�.;�;�:;:,��. �
<br /> - �F � ��:j;'�?ia�;,,, • direct payment to Borrower. If u refund rcducec principal,the reduction will be treated a.:a partiol prepayment without any
<br /> � ��_:�::.,. �..� . prepayment charge undcr the Note.
<br />'`� +=d'++.�•.��� .�'.• 14. Notices. Any notice to Bortower provided for in thi+Secu�ity Instrument shalt be given by delivering i[ or by
<br /> �'a•�.��r,_:�.�n,i�._::�•:.. �
<br /> • ,x. „��T•;_�. �,. ;; � mailing ic by firs�cluss muii u�de„:,ppli�uUlc iaw re�uir��atic of anathcr metha�l.Thc notice shull bc dircctcd to the Property
<br /> - "�'*"` ' "';'=" Address or uny other uddresx Borrower de�i�nures by nuticc to Lender. Any notice to Lendc� xhull be given by first cluss
<br /> � ..M.!'I•:i'��'':.,.: .
<br />_. � { ' mail to Lenders address stutcd hercin or any othcr addrrsti Lendrr dc+ignateti by notira to Borrawer. Any notice provided for __
<br /> ,.,y;� .��,k�.,�;1",�y;,V in this Security instrument shull bc dcemcd to have hcen given to Borro�ver or Lender when given us provided in this
<br />_��� ,,,, . .. ..,:�7:• paragrAph.
<br /> ;7.�Sa�);;,:'�•:��ti.,•�:" �
<br /> � �,;��•�,�.;� : , � IS. GoverninR I.Aw:Severability. This Sccuriry Inztrumcnt .hall be Fovemed by fedcral law and the law of the
<br />_'� Y •"�° � ! jurisdiction in which the F'ropeny iti Icxmrd. In thc event thut any provi.ion ur ciau�e of this 3ecurity Instrument or the Note
<br /> `�Y �x� ''�" conflicts with applicnblc law,such contlict shall ncn affcrt othcr pr<wisions of thiti Srcurity Instrument or thc Notc which can _
<br /> ' Y��'� � �� be given effect without thc conflictin�provision. To this enJ thr provi,iom of this Serurity Instrument und the Note are
<br /> t:: {;r..,,,�•,..
<br /> _ ".k ri��;..��;�,,�,-- declared to be sevcrablc.
<br /> • .•:,�,�::.:._ ,.,,,,��r .
<br /> j�.�-.;,,,;.,._�..�, 16. Bc►rrower s Copy. Borrower sh•rll tx giveii onc conformed copy of 1he Noh;md of thic Serurity Instrument.
<br />� ���t;.":^;;y;;+'.,', 17. '1Mnsfer of the Property or a Beneficlal Interest ln Borrower. lf all or amy pan of the Property or any interest in
<br /> �'�:'"''� ' ' It is sold or transfcrred(or if'a beneficial intcr�tit in Borrowcr i+.old �ir trumfrrred nnd Bortower is not u nawrut person)
<br /> �- - �����• + without Lender's prior wrinen consent.Lender may,at itx opti��n,reyuire immediutr payment in full of all sums secured by
<br /> '��� �._ r���."'=, this Security Insirument. However,this option shAll not be exrrci�ed by Lcnder if exrrci,e is prohibited by federr►I law uc of
<br />= � ' - the date of this Security Instrument.
<br /> ' �L;;.'�{}� +' If Lender exercises[his option,Lrnder shull�ivc Borrowcr notice of accclerati�m. The notice shall provide a period of
<br />�. `.^•'R;,:�:, , not less thnn 30 days from the date the notire is delivered or mi�iled within which Borruwcr must pay all sums secured by this
<br /> � •�I� �: � Security Imtrument. If Borrower fails to pay theu sums prior to the cxpirati�m of thi. period. Lendec may ir��roke any
<br /> '''� � remedies permitted by this Security Instrument without furthcr notice or demund on Borrower.
<br /> .��.:
<br /> __ I 18. Borrower's Right to Rein.r•tate. lf 8ortowrr mcetti cettuin ronditiuns, Borcower �hall havc thr right to have
<br /> -ss� - enforcement of thiy Security Instniment di�continued at•rny�ime prior w thr earlier ot: (a)S dayx(or.uch othe�period ns
<br /> `'�f•:� �I Singk Fwnily-•Frnnk Nad�leddk Moc UN1F()RN INS7'RUNF.�T••Umform Covrnanis 9/9Y I/wx����l�+l�+kes�
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