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<br /> caodemraKioa or aber q�Cins of�riy p�rt af tde Ptope�ty.or fa oanvry�occ ia liai d aoadem�Mion.�ne 6e[eby�i�ed�pd. , , <.
<br /> � �all be p�id b I.endec . .. . • ,
<br /> ' in the eveat�a tata!taicin�of If�ll�apaty.d�e i b�i!b��pplied to t h e e�nr�s e e c w e d b y dds S e c u ri t y � .
<br /> ' inamm�t,w6elher or ta4 d�en dpe.wiih�iY exoess pai�Brxrower. in the edet�t.oE s pttlN tatin�ot tlte P�pper`ty in
<br /> w h i c h�6 e f i i r m�i c�v i t u e o��t 3�e P l o p e t t y i n u a�e d i a t�l y 6 e f a e e d�e t a i c l e E h�y w!t o o r�s a l e r t H n tbt�aiamit of�be auna -
<br /> . �by t6is Securiry Gatrument immodi�lelY Ixfore the takln�,unkss Hartawer and La�des at6awiu apiee in wrldna. '
<br /> � � the swtit secuted by Nis Security Inst�utneM aiull lx teduced by the un►ount of the`paeeds.muitiplied Dy tbe CoibwL�
<br /> � ftsctiai::t�)the wql anx�unt ot tt�e sums secuted immodi�ttely.6etaia tha tatdlta.divtded by(b)the fiir in�rket v�tue of tl�
<br /> Fropetty immodi�lely Fefate tt�e t�lting. Mg t�tuioe siult`6e p�id to 8o�rowet In tht evrnt of a p�tial�fns.af thc = .
<br /> � ' Ptopetty in which thc fiir m�ci�et vat�of the Fmpecty inm�ediately befo�s dre t�ng is Iess than the amo�ru d tbe eums .
<br /> aecuned jmmediakly lxfae the taking.�mtas Barower�nd I.endtr adKCwis�agrx in writinE a unkss applicabte lavr
<br /> othyrwise proyides.the pcoceeds sA�!!be apptied to the wms secuted 6y this Security Insutument whdher or cat dia sams ae�e
<br /> �If t6e Piopetty is�bandooed by Hatowet,or if.�Rer tiotice by L.ender w Barmwer�tiwt tt�e cadaiuror offers to m�lce
<br /> sn awacd ar settle s claim for danages.Borm�rer f�7s to te.y�ood to La�der within 30 dsys afttr the d�te 8ie notice is g[vai.
<br /> � Ixnder is authvriied m ealkrt aad�pply tbe procada,at its optid�eitl�ec to nswatio�oc rapair of the Property or to the
<br /> sQms secucsd by this Seeucity It�strsenan�whetikr oc not then due. . , . �
<br /> ' ", Unkss t.e+�der and Bomnwa otherwise�in wr{ti�•anY application of procads ro priecip�l shall na euend or �
<br /> postpone d�e doe date of tbt moat6lY PaY�9 tefet�od to ia pw�+pli.a 1 aad 2 ar c6mge tIn�trwutn of sach payme�,:
<br /> �iL Borrawer Nat Rdes�ed; Farbairmce.B7 I.ada Not a Waiver. F.�cunsion of.the dme far paymeac ar
<br /> - modification of amortization of the sumc secut�ed by this Security Inswment grante�by Lender w any sucex.ssor in iautest
<br /> � . o�Barawer shall not opGrate to rekase'the lishility of tl�e ariginal Borrowa or Bamwer�sacoessors in intemst.Lender
<br /> stu►li pot be nxNircd to c�nmaxz ps�ceedings against any succxssa in intaeat oc refus�e to extead tiaia for psytnent vr
<br /> ott�modifj'atno�atior�vf tbc sums secured by th�s Security Instrumeqt bY rea�on of aay Maand mide by th��xig�nal
<br /> Boicower ar Bomower�s sjacce53ers in inteesst. Ang fafi�anoe by Lender in eaacising u►y right a cemedy s1aU not 6e a
<br /> waiverof orptecJ4.de tbe exe�eise of Tnydgi►t or zsroedY• ' '
<br /> '�2; 3ucc�ssors aad A�Bowd;Joint ad Sevenl Liabiligi Lo�ers. 'lUe covenants and a�ts of this
<br /> Secudty It�hamenf'sfiall bind and benefit the suc,cessors and assigns of Lender end Bomuwer.subjxt to ihe provisions of _
<br /> Para�gi�pli'Il:Bixmwer's coverrants and agroemeaFs sha116t joint and several.My Borrower who ro-signs this Security .
<br /> I�eht but das not exea�te the Nok: (a)is a�si�gniag Wis Securiry lnsuument ody to mortgage.g�rant and wm�y that
<br /> ___�� B�iROwer's interest in the Property wider t6e tertns of dtis 5xutity Tnstmme� f b)is not Persaral[y obligattd to pay tHe sums .
<br /> secuted by this Security Instrumcnr and(c)agrees that L.eader and any other Bo�mwer may agre�to eatead,modify,fofiear
<br /> —_ ot maka any uccomcnodatiords with regard to the•terms of this Secucity Instrument or.the Note without that Botrower's
<br /> conseaG
<br />__—._.- 13..`t,onp��tl�[ges. !f the loan secured by this Security Instnment is snb,ject ro a law ahich sets maximnm loan '
<br /> —_— rbe�i�es.and thtft'law�s..finaily inte�preted so that the inte�st,or otfKr loan charges coliectod or to be¢ollceted i4 oonnution
<br /> z�<�s:_� x`:i��to�n'e�beed'the p�,mi(tced limits.then: (a)any stic�i loan charge shall be tadaced:by the�nwunt neoe.cs�cy to'redaoe
<br /> --- tf�+e c to'the,pem�itteit'tiati�and tb)any sums alreadj�.coUected fen�Boscower which exceeded pemutted timitS will be
<br /> -v — �e�iiixled 1a.8ormwer. Lender may choose to make this refand by reducin�?�piaicipal owed under tLe Note or by�iaking a .
<br />___�?� dimct payctsept io Borrawer. If a refund reduces principal,the r�ducaa*�iiui'U be treated as a partial pnepayment without anY :_ ,
<br />��� pmepayciient'qhatgc under the Note. �
<br /> ��1�;.-;• 14. �lVotices. Any notice to Borrower provided for in this Security Instrument shatl be given by deliveriag it or by ,
<br /> •=�. m�tling it by first cla.�s mail un2ess applicable taw requires use of another method.The notice sha11 be directed tQthe Property
<br /> •=`? f: pddness or any other address Boaower designates by no[ice to L.ender. Any nopce to Lender shall be given 6y first class
<br /> ` " ' mnit to Lendec's address stated herein or any othcr addcess Lender designates by notice to Borrower. My notice provided for
<br /> =�;f� � in this Secud� [nstrument shall be deemed to have been given to Borrower or Ixnder when given as provided in this
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<br /> �' � . - • l5. COver.ntag LAw,�SeverablRty. This Securit�r �c.strument sh�ll be govemed by federel !aw �nd the law of the
<br />�;;�•. � "�;,�urcisttiCtiop'j�i:which the 'Property is located. tn the event d�at any provision or ctause of this Security/nsuumea►t os the Nota
<br /> •..,;�;�''':.! 'r�pt�ictswttb applicable taw.such conflict shall nat affect other provisions of tF�is Sec�ir�Inswment or the�Taoce w�►ich Can. _
<br /> � beg�ver�effect withaut the conflicting provision. To this end the provisions of this Security Instrument and 9�e Note are
<br /> ;;+F,;:,;,i, � declared to be s�Yerable. , .
<br /> .' �`�•'�'� � 16. Bor'tower's Copy. Borrower shall be given one conformed copy of the Note and of this SOCV¢�nty Instrumen� '
<br /> � 17. 'lleanster of the PropeAy or a BeneQci�l Interest in Borrower. If all or any part of the Property or any interest in
<br />_`� ' t it is sold or transfemed 1or if a bene�cial interest in Bossower is sold or transferred and Borrower is not a natutal person)
<br /> I ns without I.ender's priar written consent.Lender may,at iu option,require immediate payment in fall of ap sums securcd by
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<br /> --��.,_����{� • this Security Insuumen� However,thisoption shall no�be exercised by Lender if exercise is prohlbited by federal law ac of
<br />_ ' •.+"r , the date of this Security Instrument.
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<br />-•;��; •, If Lender exereises this option,l.ender shall give Barrower notice of acccleratian. The notice sh�ll provide a period of
<br /> ; '� ` • 'no1 tess ehan 30 day9 from the date the noace is detiverc�ar mailcd within which Bonower must pay all sums secured by lhis
<br /> _ � • Security Insuument If Borrower fails to pay these suzns prior to the expiration af•this periad, Lender may invoke any
<br /> =�"�;, ,-�• , ,. 'neiaedles permitted by this Stcuriry Instrument without further notice or demand on Horrower.
<br /> `'�` ' � � IS BW+rawer's Rigbt to Reinstate. If Bomower meetc certain conditions. Barrower 4ha11 hnve the right to have
<br />-"`"''-�� � .;-�erforcemeat of this Security lnstrument discnntinued at any time prior to the eadier of: (o)5 days(or such othec period as
<br /> — � SinglcF.unity-•FaenkHae/FreAEit?H�Uti1FQRn11NSTRUMP«'�7'=-UnilarmCovenants f/f� IpnR�4nJbpa�ail
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