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<br /> condemnuion or wher talcin�of wny p+ut of ihc Aropeny.or for convayuncc in licu of condemnatlon,arc Ixreby assi�{ned and _
<br /> �� �h�11 bc paid to Lender.
<br /> In thc cvent of A tdal tAlcing of thc Propeny, the proceeda shall b¢ applieJ to the suma rccurcd by this Socurity
<br /> In:trumenl,whether or not then due. wllh Any exccss paid to Borrowcr. In thc cvcnt af o paRiai taking of the PropeRy in
<br /> which the fair muket value of the Prc�perty immcdiutely hcPorc the tuking ic cquul co or grcuter than the wncwnt of the sums
<br /> �ocured by this Security lnstrument immcdiately befare the taking,unless Barrowcr and Lender otherwise agrce in wdting,
<br /> — ihc aumr secured by thia Sccurity Insuument xhall be reduccd hy the arnouunt uf thc procaedx muldplied by thc foilowing
<br /> ,��. fr�ction: (a)!he totul amount af the sumY xecund immediutely before thc tuking,divided by (b)thc fAir market valur of the
<br /> - --�`-�� 1'ropeny immediatcly before thc tuking. Any b•rlwrce xhull tx: p•r1d to Borrowcr. In thc event Uf n pnrt�i�l taking of[he _
<br />-� .-` i - Nrc�eny in which the fair murkei vulue uf the Propeny immediacely beforc the tuking i.le+ti tl�uu ti�r wuount of thc sums
<br /> ' --- cecurcd immedistcly bcfore thc talcing,un�css Borrower and Lender othervvi�c ugrcc in writing or unlesa upplicublc luw
<br /> _ __ _ otherwise provides.the proceeds xhall be upplied to the sums secured by thiR Security Instrument whether or not the sums are
<br /> -- then due.
<br /> If the Property is ubandoned by Borrower,or tf,After notice by L,ender to Horrower that the condemnor offen to make
<br /> an awud or settie a claim for damages,Borrawer fails to respand to Lender within 30 daya ufter the date the noticc ls given.
<br /> ` --— = Lender is uuthotiud to coltect and apply the proceeds,at its option.either to restorotion or repair of the Property or to the -.
<br /> ---~—�a'�'�"0O sumc securcd by this Security Instn�mcnt,whether or not then due.
<br /> ' Unless Lender and Borrower otherwise ugree in writing, any application of proceeds to principal shall not extend or
<br /> postpone thc dus date of the monthly payrrtents referred to in paragraphs 1 and 2 or changc the amount of such payments.
<br /> ______�� 11. Borrower Not Released; ForbearAnce By Lender Not a Waiver. �xtenGOn of the time for payment ar
<br /> _-- - — — modif►cation of amottiration of the sums secured by this Security Insuument granted by l.ender to any successor in interest
<br /> ���' v + ^ of Borrower shall not opernte to release the liability of the original Rorrawer or Boaawer�successan in inter�st. Lender
<br />�` shull not he reqnir�ed to commence proceedings against uny successor in interest a refuse to extend time for paymant or
<br /> �. ��•h; •� othenvise modify amortizution of the sums secured by this Securiry Insirucrient by reason of nny demand mnde by the originai
<br />:-; �?!�;�1 Borrower or Bocrower`s successors in interest. Any forbearance by Lender in exenisins any right or remedy shall not be a
<br />�� •'.:`��'� waiver of or preclude t6e exercise of any right or remedy.
<br /> -;x�t-,r.w^-.:� 12. Successors and Assigns Bound;Joint and Several Liability: Co-signera Tl�e covenunts und ugreementc of this
<br /> �";'� �'•��''"• Security Instrument shall bind and beneGt ihe successon nnd Assigns af l.ender and Boirower,subject to the provisiom of
<br />- `=�' ���"�'�'`"��� ? paragraph 17. Borrower's covenanty und agreement�shall Ue jaint and several.Any Borcowcr who co-signs this Security
<br /> (.,�Ir:�i��w��!t`'�;, Inshument but does not execute the Note• (u)is co-signin�this Security Instrument only to rnortgaSe,gra�u and convey that
<br /> }r�;:�;;;,..`. :,; �� Borrowcr's interest in the Property under the termti ot this Security Insnument; (b)iz noc personally obligutcd to pay the sums
<br />- ''�i^�'f"� � � secured by this Security fistrument;and(c)agrees that Lender und�ny other Borrower may ugrre to extend,madify,forbear
<br /> -`•� h'�''' �":�� w; Y.:• or make any accommodetions with ngurd to the terms of thix Security IntitNment or the Nate without that Borrawers
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<br /> �,.�. ; �� _ , . consent.
<br />• ..w.•,. : - •-A• ' 13. Loan ChArges. If the loan�ecured hy this Security Instrument is wt-,jcct to a law which sets muximum loan
<br /> :�''-'`Y�'�` �' �htuaes,and tbat iaw�is finaily intcr�sreicd :;o that tl:e interest or othcr loan ch;+rgr� cnilecied or to be collected in connection
<br />.. -,- F�.-. . �
<br /> � . with the foun excecd the pormitted limits,then: (a)s►ny such loan rhurge vhall 6e reduccd 6y thc amount nccetisary to reduce
<br /> ° the charge to the perntltted limit:and(b)uny sumx ulreudy collecteJ from 8orrowcrwhichexcerded pe�rmitted limits will be
<br /> ' � refunded to Borrower. Lender muy chao+e ta mukc this rcfund by reducing ihe principal owrd und�r the Note or by making a
<br /> �., � . direct payment to Borcower. If a rcfund reduces principal,thr reduction will tx�treated us u purtial prepayment without any
<br />- prepayment churge under the Notc. _
<br /> t '` . 14. Notices. Any notice tu Bortowrr prnvided for in this Sccurity In,!rumenc sh•rll Ix givcn by delivering it or by
<br />� . ' . mailing tt by first class mail unless applicable luw requirr,utic uf anuther methoJ.TI�notice shull bc direrted to the Pruperty
<br /> � . �,., : . , , Address or any other addretix Borrower d�+ignuws by notirc tu I.ender. Any notice to Lender shall tx�given hy firct class
<br /> mail to Lender's address stuted herein or uny other addres.Lender designatc+hy noticc to Borrower. Any notice providcd for
<br /> _+� � ��V in this Security Instrument shull bc: dcemed tn huvc hcen �iven to Bonower or Lender when given as provided in this
<br /> i" � paragrnph.
<br /> '� ;��+Y-'-`' ' ' I5. Covarrdng Law; Severability. This Security In�trument shull he govcmed hy fedcral 1•rw and the luw of thc
<br /> jurisdletion in which the Property is Icxatrd. In the evrnt that any provi.iim i�r clau+e e�t'this Securit��Instrument or the Nute
<br /> conflicts with applicnhle law,sunc�onflict.hall not.�t�fict t�thCt'p�twisiu�l+nt�Ihi+Saurity In+trumrnt��r the Note which cun _
<br />�,• � be given effect without the contlicting provitiiim. To thi,rnd the provi�inns of[hi`Security festrument and the Nate arc
<br /> � � declared to be�cveruble.
<br /> ;S•° F • 16. Borrower's Copy. Borruwer shull lx given onr conf��rm�d copy of the Note und of thir Serurity lnstrument.
<br /> 17. 1YansPer of the Praperty or�Beneticial Interest in Borrower. lf:dl or any part uf thr Pra�xrty or•rny intcrc�t in _
<br /> � it is sold or transfetted(or if u txn�ticial intere+t in Borrc�wer i..c�ld or tn�n.terrcJ and Burcuwrr i.not a nutural pr��on) _
<br /> ��. ` :�t',.� ' without Lender's prior written cun.cnt,Lrndrr may.at i[ti optiun,r�yuirc imnuJiuu p.rymrnt in 1'uU uf all,wm se�ured by -
<br /> �-- �• �:.� • this Security Instrument. Howevcr,this e�ption shull nut t�r rxrrciseJ by Lender if ezerc�u i,prohibited by federul law us of
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<br /> � ;� •. � the date of thix Security Instrwnrnt. -
<br /> �I� x If Lender exereises this option, Lendcr,hutl give Burcowcr notice uf:wcelercuinn. Thc notirr+hull provide a peri�id of �
<br />�� ' not less than 30 days from the dute the nutice is dclivereJ or m.tiled within whirh F3urrower mu�t pay ull�um+ucurcd by thi,
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<br /> _ � �,;� Security Instrument. If Borrowcr fuil,to puy these ,um. priur t�� thr rxpir•riion uf thi+ Exrioci, Lender muy invake uny _
<br /> �' , remedies permitted by thix Security 1 n+irurnent withaut fu�ihcr notirr c�r Jeround on Burruucr.
<br /> .;_ �����• �•• ��'��•- 18. Borrower's Right to Reinstute. If Borrowrr meets certain roncfition�.Bc�rrnwcr .hall have the right to havc =
<br /> ` enforcement of this Security Instrument dixontinurd at any time priur to the carlicrot': la)S day�tor tiuch other periexi as -
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