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<br /> ccademn�tion or ather talcing of anY l����P�Y•a,� ���'0f � , . _ .
<br /> . � sl�all 6e paid to I.edler. ` .
<br /> � In tbe cvent oF a totat taking of the Pcopeity,the p�ooetds s6a11 b�appticd'to irie sams secured by this Securiry
<br /> Instrm�tart,w4eth�r at not then`ttue:arith any exc�ss paid to Bortowu. W tire evenrof a pattitial ta�cip8 of dse R°P�Y� �
<br /> wldch the fair�arlcet value of the Pioperty ia�mediaoely 6efore the taEing is equal to or gnater tt�n the amount of tl�sw».c
<br /> secuKd by this Securiry I�nent immediauty befae the ratcing.unkss Burrower abd Leader otherwise ag�ee in writing, .
<br /> thc suros secured 6y��f,is Sec�cicy Instr!ument shall ba sed�xd by t6e amounc of ihe procse�s mntapti�by�de fo�lowing .
<br /> fiaction: �a)tht taai�rtiou�tt of tha smns secated imme�i�tety 6eFo�the taiting,dividai by(k)ti�e fair matltet vala�of the
<br /> ptoperty�immediauly befoir tIx taking. Any balance sUaU be paid w Bo�ower. la the event vf a parDial taki�g`of the
<br /> Fm�eriY in whicb the fair marlcet vatue of the Pt+operty immediateIjr befcx�e the taking is kss than the anwunt of the svms
<br /> - socurod_immediately befote'the ta�ing,untess Barower and l.ender otherwise ag�ee in writing or nnless a�pplicable law
<br /> . odierv�+ise provid'es,the pmcads shall be app�ial w the sums sxuKd 6y this Security Inswment whether ar aot the sums at�e
<br /> - <thendue. • .
<br /> - . If tIx Praperty is abandoned by Bomnwer,or i�after notice by Lender to 8onower that the condemnor of�ers ta m�lce
<br /> an award or satte a claqn for damages,iiomnwer taiLc t+o respond ro Ler�ler within 30 days after the date the notia is given,
<br /> - ` Lender is audarizeri to collxt and apply the pmceeds,at its op6on,either w restoration or repair of the Pioperty or to the
<br />�:,• swns socured by this Seciuity tnstrumetit,whether or not then due. :_:
<br />,� ' Unless Lender and Satower ot6erwise agr�e in w�iting,any applirat�ori�proceeds to ptincipa�sfiall nM extend or :
<br />-= . ; postjxmc the due date of the monthLp�,�a,.`�r'ments refemed to in paragraphs 1 au�.'�or c�hamgethe�rnount of such payments: --
<br /> -- 11. Barrower No! Rdeas�d:';,�sbear�nce By I.enda'Not a Waiver Exte.,nsioa�pf the ame for paymenc or
<br />-�' •��, inadification of amortvation of tt�e;sums"securcd by this Secwity Ir�stnunent granted by='l:eii��r to any successor in mteiest
<br />- �"::;`,• of Boirower sball not operate to re�ase the IiabiUty of th�ariginai Borrau�ir or Bariowe��successozs in intecpst.l.ender :
<br /> shall not 6e m�uirea to commence pz�ngs��any.successor iriE�°�ie�t or refusc to eatend dme for paymeist or � � e'':�•.:.:�.--�_---
<br /> m —
<br /> � �tietwise modify amart�Zation of t�sirnss sei�uac�by this Sec�ily Ins�utriena iry t+eason oPany demand made by the original ` -
<br />- • Borrower or Borcower's successoss?,i interes�. Any forbearanp'e'fi}+Lendor in exercisiag�g right or n�nedy shaU not be a • • _
<br /> - waiver of or pceetwle the exetoise'�$i�rigttt or mnedy. '.. ; . -
<br />_'� 12. Sup ca�essors aed As4igns.�oiza�t JbInt:and Sererai�:3�biUty.Co-signers. 'f�e covenarits and agrcements of�I+ic �--
<br /> .'i.
<br /> ,'�-� S e c u ri ty l n s t r u m e n t s h a l i b i n d a nd taene5t tIresi�c�cssors and�assi g n s of Ixnder and Borrower.subject w the pmvisions of� ,�_�.--
<br />-_ • paragraph ?7.Bomower's covenantg an�a�ee�m"ts shall be,joini and several.,Any Borrower who�g�t b i s Secasiry . �'`� '
<br /> :,,;�=���,'.,�:� I n s t r u m e n t b u t d o e s n o t e x e c u t e t h e N o t e: f a)is e o-s�g nin g this Securi ty Insttument only to mortgage,grant and comrey that >��:;;•
<br /> • `�'==• Borrower�interest in the Property tuides the terms of this Security Insuumen� (b)is not pecsonally obligated to pay tbe smns ;;,..::�%'.'�=�.
<br /> '�=��'��'�' ' secuied 6y this Security Insuumens;and E�}agcees that Lender and any other Bqrrower mag agcee to extend.modify.foibear ;_;�',.�:_
<br /> ��7�: �,.; ..; ,
<br /> `'�'`r=.=^ :"r;_"�, • or make any accommadations with regard to the terms of this Securiry �suumertt or the Note without that Sorlower's ;--
<br /> ''" ,..: � COIISC111. ' ;J s-
<br /> �
<br /> �*�x�.,�'• �`' 13. I.oan ClwFges. If the loan secure6 by�this Secufsty Instrumi..°nt is subject to a law which sers maximum !oan ;��1 f,
<br /> ���-�.'-�'=r��' . . charges.and that law'ss finally interpreted so thaz ci�e interest os ather foan c1:5iges cotlected or to be coliected in connection ....,.�,�
<br /> r , r x�•�,,:
<br /> with td�e loan exceed the permitted limiu,then: (a)any such qau�charge sha.T bc reduced b the amaunt neees to reduce
<br /> y �Y ���-���_
<br /> � �;' �` '' the chasge to ihe per�mitted limit;and(b)any sums already cuIl��cted from Bati'iawer which exceeded pemutted limits wiJ}be �-_----
<br /> �����'�_�=:•�''.':�. �_,�.-��:—.
<br /> #�.,�`r•:���==`�:t�:��� " tefunded to Borrow�_Lender ma choose to make this refund b reducin c�:d nci owed under the�ote or by making a "`":``�'-
<br /> _ �.. _;:..-:--,;; y y g- `� � -�• '��'�� -
<br /> - �'�i�;;°=`�"� dire�t payment to Ba�ueower. If.a refund reduces principal,the redaction azCi rne ueated as a partial pre�aymerit without any
<br /> rc a ent chaz e under the Note. n'-�� �
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<br /> 14. Notices. Any notice to Borrowcr provided for in this Security In.strument shall be given by delivering it or by . .?I- _
<br />' _ °'•' " ' '"� � mailing it by first class mai!unless applicable law requires uxe afanother method.The notice shall be directed to the Properry , , •:•�.
<br /> r�- " • Address or any other addtess Sorrower designates by notice to Lender. Any notice to l.ender shali be given by feist class —
<br /> -,•�,:`: ' mail to Lender's address stated herein or any ather address I.ender designates by natice to Borrower. Any notice provided for _a-
<br /> ' �::�k.�. "• - ' in this Security lnstrument sha�l be deemed to have becn givcn to Baaower or Lendcr when given as provided in this . _
<br /> . ,..�;�::. .. x . .,�<
<br /> . t..�°:;.; • • . ParaSraph. � "•.:,���.
<br /> �+:�;,�.`•�+ �° •� ;` �. 15. Governing Law;Severability. This Security Instrument sha11 be govcmed by federal lavr�n3 the law of the . ;_�r-
<br /> ... ... . ,.
<br /> _y-T : �.; • jurisdiction in which the Pr�perty Fs tocated. In the eveat that any provision or clausc af this Security tnstrument or ttse'.Vate . . ;;:,
<br /> '- •:-;�:.;.. eonfliers with applieable law.sucf�eonfliet shall not affect other proviyions of this Security Instrument or the Nate wM�ch,ean � � .•;;r;�`;"�,.
<br /> ' :'}'?;�'-�' '-�'�'� •`"'`` be given effect without the wnfticting provis3on. 7b this end the pruvisions of this Security lnstrumem and the Not.'are . `•r��" `_
<br /> • '�-'�'�'�,;';� ;•, : declared to be severzT�le.
<br /> '�«;:�'� � � ` 16. Borrower's Copy. Borrower shall be given one conformed copy nf the Note and of this Security Instrument. �.
<br /> ..�a.. ��,,,:�,� ••-, �
<br /> � � ' 17. Transter otthe Property or a Beneficial lnterest ln Borrower. If all or any part of the Property or any interest in
<br /> ,`..;.•;::,;�; , '� �
<br /> �;�' ��` it is sold or hansferred(ar iP a beneficial interest in Bortower is wld or transfcrred and Borrower is nat a n�tural person) . �.�-_
<br /> : . ,h`s., _ ,—
<br /> _ .x.��r:.::; • ,:
<br /> , . ,f,,�. , q,,, without l.ender's prior written consent,Lendcr may,at its apticm.reyuire immediate payment in ful!of all sums secured Dy
<br />-`'' - �`�.`'�;.: . • this.Securi Instrument: However.this o ion shall not be exerci�ed by l.ender if exercise is prohibited by federal law as of
<br /> �=:c,-•:: ,.: : lY Pt F•. .
<br /> •q';��'-�� • � ' the date of this Security Insuument. ,. ..� •�`
<br /> . ;.,..., ,
<br /> " z- ' lf Lender exercises this option.I.CII�`'�P�l�`.aive Borrower notice ai acceleratian. The notice skaL'.y_vvide a period of � �• ��,_
<br /> +�;;�:�+�.;1.��.. � not less than 30 days from the date ihe notice'c��:�alivered or mailed within which Borrower must pay a1i s_�.-;s secured by this
<br />_ ,. ;;'• �'r,::;,.. � Securiry InstrumenL If BoROwer fails to pay these sums�rior to the expiratian of this period.I.�nder may im�otre any
<br /> ;'a����rt,-'�,� tert�edies permitted by this Security Instrument without funher nwice or demund on Bonower. . :
<br /> '�� ' ' . l& Barrowtr's Right to Reinststte. If Borrower meets certain conditions. Borrower shall trave Ihe right ta have � •
<br /> - enfoceement of this�ecurity lnstrument discontinued at any tlme priar to the earlicr of: (a)5 days lac i.ach.other period as . R ,
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<br /> -- Single�^.�ily•-Faenk blsdFredAk Mac UNIF/)RN I�5TRU;1E NT••Uniform Covcnants 9H0 /paX�4 ojb pagesl � .' ' '.'
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