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<br /> � condemnatior►or other t�kin�of�ny part of the Property.or for canvayancc in licu of conc�emnation,are hereby assiYned and
<br /> sh�ll bc paid to l.cndcc
<br /> ln tl�e tvent of A totAl twking of the Property, the procecds shall be :+pplicd to tlx: sumti securcd by thi+ Sccurity
<br /> = - - lnswment,whetbcr or�ut chen due,with any cxcesti paid to Burmwcr. In the cvent of:�partial tuking of thc 1'ra{►c►�ty in
<br /> which the fAir market vuiva of tho Propeny immediately t►efixr ihe t:�king is eyuul to ar grcuter than thc umnunt af tix�um.
<br /> �ecurcd by this Sccurity Instrument Immaliutcly t+efore the tukin�.unks.Hora�wcr und l.rnder otherwi.c ugn:e in wrlting,
<br /> -3�`----•�-- the sumr securcd by thiti Serunty Instnimrnt shatl ix nduatil Uy Nw auu�unt�►i tix pr�xced. multiplieJ by thc fi�Uowing G
<br /> ' — fraction: (r)thc tatut amcwnt af thc xumti securcd immcdi�tcly txfurc Ihu tuking,dividrd by(b)thr fair market valuc oP thc
<br /> �; Pn�peny {mnxdiuiely t�fimc thc tukin�t. Any baluore shull M:Mid tc+ Hittruwrr. !n th:cvent uf u partial tuking oi'thc
<br /> �• Praprhy In which thc fair mu�ket vulue of tlx IR�►{xny inmxdiutcly ikfi+n the wking i,lc+.thun the um�►unt uf the wm�
<br /> — +xcured Immediately tuf�re the tuking, unte.� 8nm�wer und LcnJvr�Kherwi.c ugree in writin�or unlex+ upplicrhlc luw
<br /> ---- --..W— uthenvize pmvi�kr,the praeeJr rh�ll I�c upplied to th��um�+�curcd by thin Sccurity ln.trument whethcr or nat tho+�um►.urv
<br /> thcn duc.
<br /> - �'��'�'�T. -'— IC ihe F'mpeny is utr,►nJoned by Ham�wcr,ar if,uftcr noti�:c hy l.cndar to Bornnwer that the cimdemnor offcM1 w muk� --
<br /> �„ nn�ward cv scnle a rluim for dumugey, Borrower fail+to reti�md to LrnJar within 3(1 duy�:aftcr the duto the natice ix givcn, _
<br /> ;���Ai�i!�� Lcndcr is uuthori�cd tu callcct und upply thc pnxced+,at its option,eith�tr to restoration or rapair of thc Pmperty or to ihc _
<br /> � sums secured by this&curity Instrument,whethcr ur nnt thcn due.
<br />�_ Unless Lender anct Bnrmwer othenvise agrce in writing, vny •rppli�:ution af proceed�.to p�incipul shull not extend eN e_
<br /> __^� postpone the due date of the monthly payment�referced to in paragraphn 1 and 2 or chang�the amaunt of such paymentx. __
<br /> _�: -- 11. Borcower Not ReleasMi Forbearance By I.ender Not a Waiver. Ext�nsian of the tlmc for payment or _ _
<br /> �:�-.=. mcxlification af amortizution of the sums secured by this Securiry In�trwrient granted by Lender to uny successor in inte�st _
<br /> •rx�+�=wK".� I`'- of Borrower shall not opernte to release the liability of the oriFinal Borrawer or 9orrowert succeswn in interest.Lender =
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<br /> '���''�•�'-•=' shall not be requircd ro commence proceedings uguinst uny successor in interest ur refusr w extend time for p.ryment ur s,�
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<br /> �+w%��' otherwise mod{fy amortization of the xums secured by this Security lnwuuTnent by reason af uny demand made by the original �°�'=
<br /> � �:•:�,; . � `�+� Borrower or Bornowe��s successors in imerest. Any forbeurance by Lender in exercising uny right or remedy xhall not be a egti_.
<br /> �''`�'��`','�'-�'��%'�' waiver of or preclude the exercise of any right or remedy. �_.._
<br /> - ' 12. Successors and Asst�ns Bound;Joint and Several Liability�;Casigners. The covenunts und agreemcnts of this �e-
<br /> `���.;�,g�;�f�:�,�:�::�s.:". Security Instniment shall bind And lxnefit the successors and s�ssigrtis of Lender und Buaower,subject to the provisions of __
<br /> `.. '�.,. .•.• � ' paragraph 17. Borrower's covenants nnd Agreementti shull be joint und severul. Any Borrower who co-signx this Security �' -
<br /> .'"'"'`"� ��""'% " Instrument but does not execute the Note: (a)iti ca-xigning this Security Instrument only to mortgi►ge,grunt und convey thut --
<br /> � t"` Botrower:s interest in the Property under the tertnr:of this Security inxtrument; (b)is not personally obligated to pay the sums -
<br />-. ���..�,."."�{W.'...i�:l.�. .. ..._.
<br /> •`i�,�.,;,;;_„�.�;•_, .. secured by this Securiry Instrument;nnd(c)ugrees thut Lendcr und uny other Borrowcr may agrcc to extend,modify.forbcar �"-`�
<br /> _ . �:�`�.•-,' � or make any accommodations with regard to tho tertns of this Securiry Instrument or the Nate without thut Borrower's• 6�="'`
<br /> r.�. _ �'!l�.�.~4�ti��., conscni. --
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<br /> '. � ." '� '� 13. l.oan Charges. [f the loan secured by this Security Instrumrnt is ,ubject to a luw which .ct. maximum loun ;-•-
<br /> ' . churges,and that law is f�nally interprcted so thut the interrst or i�ther loan churges�oQecteJ or to be callrcted in connection �°��-
<br /> . •r':�: with the loan exceed the permitted limits,then: (al uny such la:�n ch�rge xhall he reduced by the umount necestiary to reduce �%��•
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<br /> , ' ., the charge to the pennitted limit;and(b)any sums iilmady collccted from Borrawer which rxceeded permitted limits will br �4:-
<br /> � refunded to Borrower. Lender may chcx�k to muke thiti mfunJ hy reducing the princepal owed under ehe Note or by mnking a "�•�-
<br /> ' direct payment ta Bonnwcr. If u refund rcduces prinripail,the reduction will be treated a.u purtiul prepuyment withcwt any �%���
<br /> 4r; . ; , prepayment charge under the Notc. --=-
<br /> ,. 14. Notices. Any natic�to Borrow•cr provided ti�r in thi+Security Instrument shall be given by delivering it or by �
<br /> -�����. mailing it by first cluss muil unle,s applicablr law rcyuire.u,e<�f another mcthcxi.The noticr xhull he directed ro the ProFxrty ���•'.
<br /> ' "'"�°`�' " Addmss or any other addre�ti Borro��•er Je.ignutr�by nntice to Lendrr. Any notice tc�Lender.hull be given b�-tint cla�+ ___
<br /> _ ,i��=''ti'• mail ta Lcnder's Addresr stated hercin or any othcr addre,.LrnJ�r d�signutex b}•notice to Borruwer. Any nutice provided for M1'v;°
<br /> ��; � " in this Security Instrument shall bc decmed to huve Ixen given to Horrower or Lcnder whcn given :�.. provided in this �s:
<br /> : :,:ez•�;�-�• •,,�. paragraph. �;:�.
<br /> � � �, : , �� 15. Govern{ng I.aw;Severability. This Sccurity Instrumcnt shall lx govcmed hv federal law and thc law of thc ���
<br /> ''` urisdiction in which the Pro rt iti lacutcd. In thc evcnt thut an ruvision or rlause of thi�Serurit Instrumrnt or the Note
<br /> ' `� i rk y �� �'n y `�`�
<br /> : �,�' ' � ' conflicts with npplicable I.iw, such contlict,hatt m�t affert c�ther provisions of thic Serurity Instrument or the Note which can i. . �
<br />�' � • � �' be given effect without the conflictinF provision. To thiti enJ tlx provi�iom�f this Security ln.trument and the Note�ur y
<br /> y,� �. .G..:�:.:• � . declared to be sevcruble. }"'"
<br />- ° 16. Borrower's Copy. Borrow•cr tihalt lx given unc r<mtc►rnud copy of thc No�c aad of thi.Scrurity In�trumrnt. ��';
<br /> ;�� 17. 'Ilransfcr of the Property or a BenePcial Intcrext In Borruw•e� If all or im��pan of the Pruperty or any intcrest in ��
<br /> �'•'�•� • it is sold or trunsferred(or it'u benefiriul interr�t in Burrower i.tiold or transfcrred und Barri�wcr i.nut a naturul per.on) r+��
<br /> R'' , � without Lender's prior written conxcnt. Lendcr muy,at its uption,rcyuirc-immediatr payment in full ut'all wms ucurcd by ��'�
<br /> -w, �.,. 1H?'v::
<br /> •- t;�• ,���„ , this Security Instrument. Nowcvcr.this option+hull not tx excrciud by Lender if exerri�e i.pn�hibited by fcden►1 law us of .
<br /> ` '` •�r�`� ' � the dute of this Security Insirumcnt. -
<br />��� `;,'" lf Lender exercises this option.Lender+hnll give Barrowc�-nnt ire of accrleration. The noticr.hall provide a peric�of �' -°
<br /> +�'-"` • not less than 30 days from the dutc the noticc i�drlivered or maileJ w•ithin u•hirh H��rrowcr mu.t pa�all,um>>rrurrd by thi. ;;��:•:
<br /> ' f cgrr; ��, Security Instrument. If Borcow•cr fuil, tu ray� �n�,� ,um, prior to the rxpiration of thiti }kriud. Lendcr muy invake :my �'��:
<br /> t• ':�"�;;, remedies permitted by this Scrurity Instrument a•ithuut Furthrr ncnicc or drmand on Borrowcr. �r:_:
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<br />- ��,.;��,y. ",�, 18. Borrower's RiRht to ReinstAte. If Borruwcr mcetx ccrtain randition.. B��rrowcr �hall have the right to havc ' '
<br /> • enfotcement af thic Security Intirumcnt diuuntinued at any tim¢prior to the earlirr ut': (;�1 S day.lor tiuch uther�x:riixi a` i;,
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