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<br /> � omdammtiaa a ad�art�of�nY t�ct of th�.Pcapatx.or far caar'eyance in�ieu�of�an.�e hereb�►swi�ned ar�:
<br /> �1n111lC pYd b L.CedEr. ' � , ° ,
<br /> ' �u�6t�arent vf�.toal ta�tiq�of the Ptopeity:.the pcooe�d: �6ali be�ppiie�d w tbc wms�ecwed b� dns Sec+�i[y►
<br /> � Imerument.w�etba ar mt tbea due,witb�Y��P�tb Baro+Mer. In tbc eveat of a p�ti�l nicin�of dre P�ropecty in �
<br /> v�fikh the fa'v m�i�a vah�e of d�e Phopeny immed'waety befaoc tNe atina is artai w a�ter ti�n ttrc.a�nouat af t5t a�c , ' .
<br /> aecmed by ihis Sec�ity In�onmient iimne�ety befac t6c t�icieg,ualess BonuvYer aad�,eotler adidi+�tse�ee,in writin�. - ,
<br /> d�e sums aecu�ned by,ti�is Secority Insonm�aat shatl,be r�duccd.by tLe aman�t of t6e pocads awitipiiod by die�'dlowmE
<br /> fr�.tim: (a)tbe mta!aawant.of the sums se�ai�imioed'�oely befooe tbe tiiuog,divided by lD)tNe fair mutcet va[ue of dK
<br /> •- Fiope�ty imu�+d'a1d�bsfarc H�t talang:_Mg,1r��aorae si�al}Ix.paid tn SaQU�re�.In the event of a pttid tatir�of t6�
<br /> Ptoperty u�w6iefi tfie fair nauket vslue af tl�}4vpaty�nm�[y beFore�e takina is kss than tl�e anwunt af d�e su�s .
<br /> seaQed i�i�ely 6efae the t�tmg.irokss$octawer ad I�eotk�t otbavvise aye�in writing ar unZess spplicabk law'
<br /> vlhe�rise pca�vtdes.t6e proceeds sLat{be applied tot�t s�y3socueredby.tl�s Setttairy incnumcm wt�ether aaot the s►mtis ace '
<br /> _ . . i�utti� _ ._... _.. ._.... . . ._�_ ... . ... ..... : .........._�_ _. . . - -- -:__—_—_=_-
<br /> If tde PiaQa�t�is abrndoaed hj�•Bocmwa,oir i�af�s a'�e by.l.a�t9 Son+�wer d�at t6e candc�nair offers ta makt
<br /> ` ap awr�adar seuie s elaiat foc damatgea„Baau9rtr fails to te.spa�d'to.�:coder within 30 days dter tAe daie the notioq is giveQ,
<br /> L�de¢iti.wthori�sd ta coltocE 6n�appiy�15e gmaeods.at itst�s.either to nstot9tion ur zepair of tbt P�opeRy or to t6�
<br /> :. � sumssecui+q�b3i�is5ecoeitjb'�at�un�,�IietSeroraotd�dsAa�e;. " . : _ ,
<br /> . Efifiie��.es�ddP an�$ocrt>wea_dfi�9?}vt i$toe,in wrtting,any applic�tion of.pcooxds to princi�pal sf�li not exteod or
<br /> : . postpone tC�edHC�a0 tit��oat&I�PoY��,;�f�w in peragtaphs l and 2oc change the amount of sudi paym�s.
<br /> � iL Eerr�ow�e�;��i41'Re�ed; Fa�Dq�r�pe�a� l.ader Na a Waiver. Fa�tensiae of the tim�for payment or
<br /> modifi�atiote of aq�et�tim of the sums sccuried by thic Securiry Insuument granud 6y Leoder to any su�ssor m intenst
<br /> of BoROwer shalt.�apetate to tekase the IiabiGry of the ori�inal BoROwer or Borrower�s suocesso�s in intaest Lrnder
<br /> sball not ba ioqo��3.�t�nunenoe p[ocadin8s against any sm�ssor in intar.st or tefuse tat�uend tQne fur l�Y��.P�
<br /> . od�awise mod'dy�rion of the sums savnd by this 3�t��dast�nnrnt by�ta.sou oF auy demand made by tbe origia�l
<br /> $ormwa ar Borro��.gas in iate�st.,AnY forbeara��'Lender in exercising any�ight ar na�ody shall mt be s '.
<br /> waivet of orp�ect��e exencise of any rig6t or remedy. �,'c.` . � " � •
<br /> 12. S000eseoe�s snd Assi�es Ba�ad;J�t asd Sevenb�biNty;Co�yse�. The covena�ats aad agoemeets of this
<br /> - Security L�suument�shall bi�i�ad benefit the succt.sso�s a�a�signs of i.ender aad Bamwer,sub,�ect w t6e provisions of .
<br /> � P�S�Ph 17.Bamwer�s covenaats and agreements shalt 6e.�vint and several. Any Borrowu wha co-signs this Seanity`
<br /> tnsuwnent but does not exavte the Note: (a)is co-signing this.Securiry I�uwment oniy w mortgage.grant and convey thu
<br /> Basmava�s imtesest,in d�e Ptvperty ut�derth+e ternrscrf dris Spnuiiy.ITUtnimex�� (b)is not personally obli�ted to pny tl�e sums '
<br /> sawEod by this Se�sity L�strumen�and(c)agee��at Ler►der�any otLer Horrower may agrce to extead,modify.forbear
<br /> or malce an��niodafions with ngar3 to the oe�ms of.tLv��ecuriry Insaua�eat or d�e Note without Rhat Bormwex�s ,
<br /> caasr�ar�, ; ..,,:. .,
<br /> - f�$::�,o�a��,arges. If the toan secuce�by this Secur.t}��•insm�ment is subject w a law which sets maximum loan
<br /> �• � char�esr�ud•�,�ys finaUy interpreted so that the interest or otl�er toan charges collected or to be wltected iu connac6m
<br /> ' • aid�'��ei�e�e�the peimitte�limits.then: (a)any such toan charge shall be reduced by the aiaouat necessuy to re8v�
<br /> ' the char�e icr @�e�imitted timit;and(b)any sums already coltected finm Borrower which eaceeded pertnitted liraits will be
<br /> _. st���ras�a�. I.ender may chooss ta malce this refun�by reduciag the p►�inci�al owed under the Nae or bY m�lcing� � --- -
<br /> Qic�ect p2,�ear•id Botmwer. If a refund reduces principal,the reducdon will be treated as a pa�tia!pcepayment without any--- -
<br /> PrePa5��8e onderthe Nate: . �
<br /> 14. Notkes� Any notice to Bomower pr+¢y�ded for in this Security instrument shali be givcn by delivering it or by
<br /> mailing it by first class mail unless applicable{a�z�,r�,uiies use of another method.The notioe sha}1 be directed to the Aropetry
<br /> Addcess or any other addneess Borrower designates by notice to Lender. Any notice ta Lender shall be Qiven by fitst class •
<br /> mail to Lender's addriess stated herein or any other address Lender designates by notice to Borrower. Any notice provided for
<br /> in this Securiry Insaument shall be deemed to have been given to Borrower or Lender when given as provided in this
<br /> P�B�Ph•
<br /> 15:Govereing Lsw; Severabllity. This Security Inswment shall be govemed by Pederal law and the law of the
<br /> jurisdictlon in which the Praperty is tocated. In the event that any provision or clause of this Securiry Instrument or the Note
<br /> conflicts with applicable law.such conflict�hall not aifect other provisions uf this Security Insfiiment or the Nate which can �
<br /> be given effect without the contlicting provision. To this end the pravisions of[his Security Instrument and the 1Vote are
<br /> dezta��d to be severable.
<br /> Il6: Borrower's Copy. Borrower shall be given one coaG�.r:ned copy of the Note and of this Security instrument. -
<br /> �i� 'I1�nster otthe Property or a Beneflcial Interest aeo�`0rrower. lf all or any Rarc of the Property or any interest in
<br /> ii ns soid or transferred(or if a benefccial intee+.�in Borreu�er is sold or tc;:-h;:erred and 8orrower is not a natura!pecson) '
<br /> ai'w'�a.ut l.ender's prior written consem.Lender�y.at'as pp on,reqoire rr:�r.�iate payment i�full of afl sums secured by
<br /> this Security Instrument. However,this option shall not be c-z�:ised by�.ettder if exercisc is prohibited by federal law as of ,
<br /> the�:of this Security Instrumen� � �
<br /> L�f.Lender exercises this option.Lender shall give Barr�:aa-�otice of acceleratian. The notice shall provide a pere�+��f
<br /> not'lerss than 30 days from the date the notice is deliveced or:r;�:.ed within which Borrower mu�t pay all sums secured Es;iJu's -
<br /> Security insfitmeoa. If Boirower faih to pay these sums prior to the expiration of this periocl.Lender may invoke any ' _
<br /> rcmedies permitted�6y this Security Instrument without further notice or demand an Borrower. _
<br /> 18. Borrower's Right to Reinstate. If Borrower m,:�ts cenain conditions. Borrower shall have the right to have =
<br /> enfce�xment of this Security Instrument diuontinued at un�;��r;e priar to the earlier of: 1�)5 days(or sucb vtfier pesiod as =
<br /> SingkFamily-FannieMadFnd4ie�tL�11�rOAt111S'fRGA1F.tiT-l;niformCovenants!!9� IpaRe4o,�tipu�es� �-
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