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T �e."_'�[7� <br /> ,ii <br /> T - <br /> �+ <br /> caxkmiutian or aha ak1nQ of�ny put of the Property,or for convey�nce i�Iku of condenuwtlon,are�ha�e wi�ned and <br /> shall N�Ed to Lenckf. <br /> In the event of a tot�l taking of the Ptopeny. the prooceds �hall ba �pplled ro the sums�ocurod by thi� Securily <br /> in�umen�whether ar not then due,with�ny exass piid to Ba�rawer. In thc evcnt of a p�ti41 takin�of tha Property in <br /> which the idr muket v�lue of the Property immodi�tely beForc the ulcin�lA oyual to or are�ter th�n the�nwunt af the wm� <br /> secu�d by this Socurity Inatrument immedi�►tely befar�c the taking.unirxs Baimwer and Lendcr dl�erwise aQree in writin�, <br /> the cums socurod by thix Securlry Insuument shall be rcducod by the amount of the proceecir muldpliod by the folbwin� <br /> fracdon: (a)the total unaunt af:he sums�curcd immodiuely lxfore the tafcing.divided by(b)the 6ir muket v�lue ot Ihe <br /> E'ruperty immediutely 6efare the tatcing. My balante shall bc paid to Bu�rowcr. In tix cvent uf a p�uti�+l t�+kinY ui tlk <br /> Propzriy ln which the fAi�market v�lue of the Property immediRtcly bcforc the t�king is kss than the wtKwnt of the wms <br /> �ecurcd imm�liately befae the wking. unkss Borrower and Lender otherwise agnr in writing nr unles�applicabk I�w <br /> otl�envise providec.the proceai�chall be appliai w the sum�recuned by this Secudty lnstrument whether or iwt the aums aie <br /> then due. <br /> If the Property is abandaned by Bomnwer.or If.aRer ratice by Lender ta Bomower tlue the candemncx offers to makc <br /> an award or settle a clsum for danwges.Borrower fails w aspond to Lender within:i0 days after the date the notice i�given, <br /> Lender is authorized to collect axi apply the proceeds,at iu aptian,either to restaratlon or r�p�jr uP the Propnny or tu the <br /> sums secu�+ed by thi�Securiry[nstrument,whether or�at then due. <br /> Unkss 1.�,�nder and Borrower ott►etwise agree in writing,any applicatian af procoeds ta principal rhall not extend ar <br /> post}wne the du�:date of the monthly paymenu referred to in paragraphs 1 und 2 or ch�nge the:unount of such payments. <br /> 11. Borrawer Not Reksfed; Forbearance By Lender Not a Wi�iver. Extension of the time for payment or <br /> madit�caUon ot amoRization ot the sums secured by this Security tnsuvment grnnted by Lender to any sucaswr in intecest - <br /> of Borrower shalt not operatc to nclease the liability of the original Borrower or Bomnwer�s successors in intercst.Lender <br /> shall not be required to commence pcocadings against nny successor in interest or�efuse to extend time for payment or <br /> otherwise modify emortizatlon of the sums�ecured by[his Security Instrument by reason of any dem�nd m�de by the originxl <br /> Botrowar or Borrower�s successors in inurcst. Any forbearance by Lender in exercising any right or rcmedy shxll nat be a <br /> waiver of or preclude the excrcise of any right or remrdy. <br /> 12. Su�ors wtd Assians Bound;Joint nnd SeverAl I.iAbility;Co-signers. The covenants und agrcements of this <br /> Secur[ty Instrttment shall bind and benefit tfie successors and assigns of l,ender and Borrower,subject ro the provlsions of <br /> paragraph 17. Borrower's covenants And ag�+eemer►ts shall bc joint�nd several. Any BoROwer who co-signs this Security <br /> Insuument but das not execute the Note: (a)is casigning this Security Instrument only to mortgage,grant and cnnvey that <br /> Bottower�s intcrcst in the Property under the tertns uf this Security Instrument; (b)is not personally obtigated to pay thc sums <br /> securcd by this Securiry Instrument;and(c)agnees that I.ender and any other Bortower may agree to extend,modify,forbear <br /> or make any accommodations with regard to the terms of this Security Instrume�t ar the Note without that Bocmwer'� <br /> consent. <br /> 13. [.onn Ciwrges. If the loan secu�ed by this Sccurity Instrument is subject to n law which sets muximum loan <br /> charges,and that law is fin�lly interpreted sa that the interest or other loan chareec c�tiecte.d�r t�F+e m►(rrt!Y!4n connMttat <br /> with the loan exceed the pertt�itted limits,then: (u)any�uch loan charge shall be reduced by the amount necessary to reduce <br /> the charge to ihe permitted limit;and(b)any sumc ulready collected from Borrower which exceeded permitted limits will be <br /> refunded to Borrower. I.ender may chnose to make this refund by reducing the principnl owed under the Note or by making a <br /> direct payment to Borrower. If a refund reducec princjpal,the mductian will be treuted us a pnnial prepayment without any <br /> prepayment char�e under the Note. <br /> 14. Notiees. Any natice to Borrower pnwided for in this Security lattrument shall be given by Jelivering it or by <br /> mailing lt by first elacs mail unless uppticable luw requircs use of another method.The notice yhaU be directed to the Property <br /> Add�YSS or any other uddres.r• 8orrowcr detiignatec by notice to Lender. Any notice to Lender shall be given by fint class <br /> mai!to L.ender's address stated herein or any othrr addrecs Lender de+ignutex by notice to Borcower. Any notice p�ovided far <br /> in this Securlty lnstmment shull be deemed to havc bceo given to Bortower or Lender when given us provided in this <br /> Pa*aBraPh• <br /> IS. Governing Law; Seve�ability. This Security In�trument shall bc govcrned by fedeml luw und the luw of the _ <br /> jurisdiction in which the Property is located. ln the event that any provi.ion or cl�use of thi�Security Instrument or the Note <br /> conflicts with�ppltcable luw,�uch conflict shall not affert othcr provisions of thi�Security lnstrument or the Note which can <br /> be given effect without the conflicting provixion. To thi�end the provitiiuns of this Security Instrument nnd the Note aro <br /> declarcd to be�everahle. <br /> 16. Borrower's Copy. Borrower shull be given onc ranformed capy of the Note und of this Security Instrument. - <br /> 17. 1Yanster of the Property or»Benetici�t Interest in Fbrro�ver. (P all ur any p•rrt of the Property or uny intcrest in <br /> it is sold or transferned(or if u beneficial interctit in Borrowcr i+tiold i�r tranxfrmd und Bormwcr is not u natur.�l penon) <br /> without Lenderc prior wrltte�contient,Lender may.:it it.option,reyuirc immeJiate puyment in full of all sums secured by <br /> this Security Instrument. However,this option shall not bc exercised by Lcnder ii'excrcixc ix prohibited by fedcral lAw a�of <br /> the date of this Security Instrument. <br /> If LenJer exerrisex this op�ion.Lender shall givr Borcuwer notice of uccelrratiun. The notice shall provide u period of <br /> not less thun 30 days from the date the notice is dclivercd or muilcd within which Borrower must pay ull sums securcd by this - <br /> Security Instrumcnt. If BoROwcr fails ta pay thcse sums priar to the rxpiration of this perioci, Lender may invake any <br /> remedies permitted by thi�Security Instrument without funher noticc or demand on BnRO�ver. <br /> 1& Borrower's Right to Reinstate. If Bormwer mects ccrtain rondition., Borrowcr shull have the right to havc <br /> enforcement of this Securlty Instrument disrontinued�t any Iime prior to Ihe carlier of: (a)S duy�(or xuch otfier period as <br /> Sinyk F�mfly••FL�►nk M�e/tYeddk M�c UNIFARN 1VSTkt1MF4T••Unifam Cuverunts 9/90 (�wgr0 ufe�,aKe�� - <br /> i <br /> ...Q.�-_._.�.W.I,:'N�aJ�:,";.`•n'S s. ...,,...;y�•,'., ..�' � -igt v�` __ _�; <br /> 1 1 <br /> _'"_` �-at��}i t���,�g� �; �� .�;k r� -';\rwr +� — �+' �� _'7 <br /> ----R��;� ti�i. S.s.�.J�u.r.,ewt9"rir:;3�,''' -------+YZ�C�N--- <br /> ... . . . _. _ . . . . . <br /> ..a�r8���lY°��,�y�R�:_f.:"y-jC�',�R" _— ' — —__—__ �1�wn.M�5.�1io-d4���i_ <br /> Jr.�y <br /> . .__�— ������A�M��• _ � ' '" ' . .. . .. . . '11'?�r/�'y1 .. ._.. <br />