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<br /> • oonde�atian cr other,niting of my put of the Pmpeccy.u for cauveyance ia lien of car�tiun.ue beneby issignerl�od
<br /> ` , alall be p�id itol,.cMer.
<br /> tn the eve�u of s taat caking of d�e Propercy.the ptocads shall be apptied co che siims secu�!b�►this Securicy
<br /> Instrumen�w6ethet or not t!�due,witb�ny exass paid to Bortower. In tho tvent of a parttai taicing of tAe Ptoperty in
<br /> which the fair madcet v�lue of the Pt�nperty imrt�ediateiy 6eEae�he taking is equal to vr�reater than the amount of the surns
<br /> 'secured by this Security Instrument immediuely befora the taking,unkss HoRUwer and Lender otherwise agree in writing.
<br /> the sums sectaed by this 5ecariry It�suummt sfiall6e teducod by the amount of the proaeds mtiltiplisd by the followiag
<br /> � .�� fnclmn: (a)tTtie toW amourit of tijr swns scc�ued�mm�d'iatety before the laking:divided by(b}the fur marlcct valnc oitho -__ _
<br /> Pmpt�tY im.,,dt:a.�y�foc�the taking. Any balance sbaU be p�Sd to Bamvver. In the tvent cif a pactiial taking of the
<br /> .-- � ptoprrty in which dic fair maricet value of tUe Piuperty imanediuely hefat the taking is kss than the uuount of the sums _
<br /> k;�� secured immediatety bofa�e the talcing. unkss Bormwer ud Le,nder otherwise ag�e in wriang or unless applicable law ' ---
<br /> _ ahtrwise provides',th�p�ocoeds shall be apptied to the sums socuced by th;s Seruriry Inswmene wixther or not the sums are ---
<br /> =- tl�et�due:� � __---
<br />---- • o m�lce ---
<br /> or off�rs t
<br />-_= If the Pruperiy is ab�nda�od by Borrower,or if.afterbaite by Lender to BoROwer that tl�e condemn _
<br /> -_ �an awud or seute a claim far damages,Borcowet fails to respond to I.ender within 30 days after the date the notice is given, __-__-
<br /> - - ' Leoder is autlwtized to collect and appty the procoeds.�t iGc option,either w r�storation ar repair of the Ptoperty or w the -- -
<br /> :�� sums secured 6y this Security Iast�umen�wtuther or noi tlien due. � � � ___
<br /> '-�'� Unless Lender and Borrower otherwise agree ic►writing,any application uf pmc�ds to principal shall,not extend or �°=---_.
<br /> �.,., . �.,,,_.
<br /> postponcthe due date of ti�e montltlY paytnents re€emed to in paragtaphs 1 and 2 or change the amount of such paymeats. . ��b==�=__
<br />,��;• l�. BorroWa Na Reta�sed; Forbearana By La�der NM a Wairer. E+uension of the time for payment or •'rr.-�=�=--�==-
<br />- modification of anwrtizaaon of the,sums socund b this Security instrument granted b I.ender to an successor in u►terest `:v��-'�
<br /> . Y Y Y -__. �.�:----_
<br /> of Barower slrall not operate to nlease the tiab�ity af.the original.Hrnrower or 8orrower's saccessocs in ineeres�.l.ender 's:,:::�` -
<br /> _ �;,.':;---
<br /> • shall rrot be cequired to commene�proceedings aga�nst any successor in interest or tefuse to eatend time for payment or ,-,__
<br /> aherwisc modify amortzatian of the sums rxcured'by thls Securiry/nsaument by reason of any demaad made by the origina! '.�'
<br /> Bo'rtt�wer ar Bormwer's,sttzcessors in interest: Any forbearance by Lender in exercising any right or remedy shall not be a � `-,:
<br /> " -' waiver of or pxlode ttie exe�+cise of any right or cemedy. �-"�''��s-.-
<br /> <<: `.:_�..
<br /> 12, Sueus,wrs and Assip�s Bound;,Ioint and Several Lia6ility;Co�gners. The covenanu and agc�eements ofthis .�.;�� .�:,.�_��
<br /> d���'._ Security[nstrument shall bind�and 6enefit the saccessars and assigns of l.ender and Borrower.subject to the provisions of •• • ;__
<br /> t��4 J. .
<br /> �::-'`e:,_�_�''A�` ` paragrapt�17.Bortawer§Fovenants and agc�neau shall be joint and several.Any tiottower who co-sigas this Security =:"_:^"";;'.;�-
<br /> r}�'`":"-°`. �-'' inst�ument hue dces not eaecute the Note: (a)is co-sigt►ing this Security lnstmment only to mortgage.grani and convey that • r"'...�::_-�.;:��.
<br /> �•�.. _..:..:�-�.
<br /> �-• ;��"���:;.�.:,..'.- � Barower's inte�est in the Pmperty under ihe tem�s of this Security Insuumen� (b)is not personally obligated to pay the sums ;. ,;�,�_
<br /> � "-'�'_� `' °�-� that l.ender su�d nn other BoROwer ma to extend.modi fdrbear =--
<br /> � ';��ya.�:,�, ;'_. secured by this Securiry lnstrument;and(c)agrees y Y� fY. .. �,.�`iYc;�x;;_
<br /> �;-�'.;�y� ' or make any accommodarions with regard to the terms of this Security Instrument br the Note withou[that�Bormwer's ,��°._;:�li�,�;:
<br />- •;,;.:, '�.�; . �.�'.. consen�• � • : '
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<br /> • • � � 13. Loan C6arges. If the loan secuced by this Security Instrument is subject to a law which sets mauimum loan ;;;'.� :`�'�`�rt`•'=�'
<br /> F,_ :. ., � r'.` �e:�=-
<br /> �< s , charges,and that law is finatly interpmted so th�t the interest or other toan eharges coltected or to be collected in connection : ', t.,;—_=.
<br /> ,�<'`�:;..:�: � .
<br /> �, ' ' ' with the loan exeeed the permitted limits,then: (a)any sueh Iaan charge shap be reduced by the amount necessary to reduce �z�
<br /> =-�`-�;.:" �-��'�'" thc c e to the itted limix and(b)any sums already coit�fmm Boaower which exceeded permined limits will be � '�'`�--
<br /> .�.�,,,"�-�:,-,::s_..�. �S P� . ,�.'�-•. ' }' _�
<br /> � ,�;<, .:,:,, refunded to Borrower. Leader may chaose to matce if�as refund by reducing tt►e principal owed under the Nate or by making a �-e
<br /> - ;;;i�e,,;;.. :_ �'�`
<br /> �J�s,, r direct payment to Bo�rower. li a refund-reduces pri�scipal,the reductiop x�i[I l�e treated a_s a partial pcepaymenl without any, �J.. ...��;.-:
<br /> � "if 5',y,�. ' � � ::.%, pcepayment charge under the Note. ' ' • f, � • • �,�
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<br /> ;?r,,��,�F,:'.!. 14. Notkes. Any notice to Boerower provided far in this Security Instrument shall be givcn by delivering it or by , ��T
<br /> ,:� ;,',t,`;�.%�<:,t:,Y,r?` ., mailing it by first dacs mail unless,;�licable law requires use of another method.'I1�e notice shatl be dirccted to the Praperty �� . '°,�
<br /> r "/�'4f`.` - Address or any other address Borrou�er designates by notice to[.ender. Any natice to Lender shall be given by fint clatiti - ,
<br /> ;;,�:�s'•Yr��' .::, •�'';,.•• mail to l.ender's address stated herein or any ather address Lender designates by notice to Borrower. Any notice provided for �• ;
<br />'1: ' '�')�'•°'b�'� , . in this Secudry InstruiMeni shail be deemed to have been given to Boaower ar Lendcr whcn given as provided in this R , ;t.s�
<br /> .,t:S�y�r. , . ;
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<br /> • I5. Governia��w;Severability. This Security Instrument shall be govemed by federal law and the law of the � :� ''.t �
<br /> ' , • • ' jurisdiction in whide d:�PropertJ�is located. In the event that any provis'ion or clause of this Serurity Instn►ment or the NQC: � .• ,
<br /> :`,��;` conflicts with app1���:law,such canflict sha11 not affect other provisions of this Security Instrument or the Nate which can r-��-� . ���
<br /> � ''`'• ��� � �' • ' be given effect withar;r.u"u'�e conflicting provisian. To tfiis end the provisions af this Security lnsttument azTd ihe Note am, ' �'� •
<br />- �%'li;�: - . . _.. � ��.�4., ... . ...
<br /> i� � • declared to be sevensL'��;: !• ,,
<br /> , +-".f��. 16. Borrower��s�py. Borrower shall be gi�r�r�one confarmed capy of the Notc and of thi�Security Fr�rument. � f�' �
<br /> t��l�,.t4•:.` •: . � , - .
<br /> . • ,�=�•. . ,, 17. 7lransfer oitb�e Propert�+ot a Beneticiai InteeesE iuu�c+rrower. If all or any pan of thc Praperty or any interest u� ��� _• � �
<br /> > �-A%:�;;:,��rr�• '' it is sold or transfemed or if a ae���cial interest in BonoKC•r i+�sold or transfermd and Borrower is not a nataial peruin) � ' �
<br /> ��+•t±,�':;;, ; �. �� . :�_�✓�� 4`':
<br /> _ ' ,";1�.`,��,.,�;,.:;,: without l.ender's•prior wntten car��:rx.Cxnder may.at its option.reyuire immediate paymem in full of al!sums secured.by � . �;�.
<br /> .,� �'�t�'�-'� t his S e curi I nstrument. However.t his o tion shaU not be exercised b Lcnder if cxerciu is fiibited b•federal law ac af � �-'� ' �:� '
<br /> - ?�';�'':;`,.,��,� ►Y P Y Pn' S . �
<br /> ;���C;,�,;'•, the date of this Security Instrument.� • . t� . . •
<br /> `':�'�•�..��`:��:.: If Lender exercises this o don.Lender shall ve Borrower natice af acccleration. The notice shall prav:de a perind of
<br /> .. �,��y,, ., P B� �. • _ � �i:
<br />"_ :: :;'.L';'�:�,_;�: , not les5 than 30 days from tho date t6�e notice is detivcred or mailed within whirh Borrower mu�t pay ap sums seevmd f�}:a'�is G
<br />- •i ` ����: �1���• Sec�ti� ins�mment. If Borrower faits to pay these sums prior ta the ezpirati�m of this period, l.ender may invowe any ` ``�' `�
<br /> ��` �' � remed."r pemtitted by this Security lnstrumeret without further noticc ot dem�nd on Borrowcr. � C
<br /> -•1 :�::�[�:,.� . . �.T.S
<br />_ • �•���"" ; 1$. Borrower's Right to Reinstate. If Eorrower meets certain condition�. Borrower shall ha:e fix:right to have f :���� � � .=
<br />_= enfar�cement of this Security Instrument discontinued at any time priar eo the earlier of: (a)4 day�.lar�u�ii other periad as ��
<br />_ � �•. .
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