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<br /> � �1�l�OO�af�!f li��C��M�t�t 0�IMC PItl�Cfly�0��0[Ct�YE��LL�hW OE�Od�.�C��� .
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<br /> • • �tbe ereat d s totai taicins d tbe�hropaty.d�e Pnoeeed+��all be+PP�ie�to drc swm sec�ned ly t6is Soc+riry
<br /> �aapdn,�arywt dren dnr.Mrub�ny e pid ta Bocz�o�ra. la the e�a�t of a peti�l tatin�af li�PtapRtY in .
<br /> �rtie8 the�ur�n�ket value ot the Ftopaty innne�eTy befoR th�e talcinj is�qwl w ar�eater ttia the aaiouat d tLe a�m�s
<br /> �ae�vned by Ibis Seauiry 1mKtumaK Imn�ecWtely 6efae t6e t�kin�,uniess.Banowa and 1�eMer ot6et�ri�e ap�ee in writin�.
<br /> ' die wo�.�xured!ay this.Secu�ity L�t�n�eat akalt be codu�ed bY die aaaunt of tp�e pno4etls multipiied�the loliorPiu� '
<br /> � �• iracuon. (s)the ioat itno�t of tlre snms�eciacd inamedi�tety befars 8ie taiung.divided by tb)d�fair�et vil�r��of t�n
<br /> P�oQetty immediately,befare die Wci�ta. My b�f�nct a6a1{be pud w BeRC�va. In tbe event af a pratiat t�Cins of Wc •
<br /> �Pivp�M1y in afiich tbe fair muicet v�iue ot the�ropftty iituno6iately befare d�t�lun�is tess diaa the�a�o�p�t of tha awns
<br /> aecured im�ali�tely Hefar d�e takiog,uateas Bon+ower and I.ender othe�vvLse tp�ee ia writit►S ar ueless sppticabk IaM . .
<br /> dNerwi�e provides,the p�uceods eh�li 6e aQplied w the sums secondby dus Security Iawu�nenc whetlror a not the sums us
<br /> d�ae due.� . , �
<br /> � U the Pruperty is at�w�cicned!ry BorioMer,or if.after aotice by i.ender ta Hanower that the caedemQOr o�era w pake.'
<br /> si a�vacd a settlt a daiut far dama�es.Bamwa fairls�o ce�ta La�der withia 30 days after tMe due the aotioe is givea,
<br /> Lender is wtlKrized to callect and�ppfy the p�mceeds,at iu optiao.eitlxr to�or npair of the Pmperty or w tbe
<br /> sunas sav�at by tbis Seauity Insonuna��wlxther or not tUea dua - .
<br /> tTnies.c I.enckr�nd Barower ad�ecwise ag�roe in writing,any application of pro¢eais tn p�cipal sball mt eztead a
<br /> � postQone the due date of the monW1Y WY�ts nfemed to ia puagaphs 1 ard 2 or change t6e mno�u►t of snch payma�ts.
<br /> 1L Barrowec Not Retdaed: Forbearaeoe By I.eader Not • Wairer. Extens�on of the time for paymait or
<br /> modi�on of amo►tizatian of the sivas setumt by this SecuriEy Inst�ument gtanud by Lender W any successor in interest
<br /> of Botruwer s1�aII no[operate tn release the 6ability af ttje aigrinal�orrower or Bomower�successors in intenest.Lender
<br /> sU�p na[6e reqnicsd to commaioe prooeedipgs aga�mt any�sor ia mtenst or�efuse to extend time for payment dr
<br /> od�erwise modify az►�re��on of tt�e swns secu�ed by this Socurity hu�neatEpg 4esson of ang clematd made by th�origa�at
<br /> - Bamuwa a$o�s�er��accasars in.ineenst Ass�fo�br�rao�Qsg Lender�a�ir�Cising�sigbt ar trrnedg's6a1!nut�e a
<br /> •.< waiver of a p�ec���t`�' exeseise of any right or r�r.�t�ly., , • :'.", . , •; ` �.`;. . , ..;?•' , :" :
<br /> lE..�.�ece�ai�s�Assi�s Bo�sd;Joiat a�ad.Se�xrai d�s�ty:Co�ai�nere- The cazrema��an��agrasncnts of'tlns'
<br /> - 5ee�sjat�;li�u'ameat shall bind and benefit the svxe�ssa;s a���u of i.ender and Bom4'�r�s�bjocE ta the p�vvisiaips o€
<br /> - .,::.�;7'�:BonvwerSs covens�ts and agceemcnts s5au3�ie�,�d seve�al.Aay Botrov�e�who ca=sigiis.tJris.Sccu}?tY. .
<br /> • ..:�;: .IIn�t�u does na ezecuce�he Ncxe: (a)is co si�.�g t���stY Instr�ment oniy to martgage.Srant�convey that
<br /> ���,�•`�;� ` .�a�ecmzvers���m aff�Fraperty wuler the tenns ofthis Secaai¢y�n� (b)is nat petsonally obligaud to pay the sums
<br /> � . ' � soc�e�:1r�?�ns Se�ais���tnuc���sd(c)ag�ces that I.ender and anp ttithhesBorrocrer maq�'a W extend.madlfy,forbear
<br /> — or mapca��+asr�nrjrsd�ons w�s regard to the terms of this_Security tnstrament or trie Note withaut that Sorrowcr�s
<br /> •consen� . .::-,�.:
<br /> 13. Loan Cha�. If thc loan secured by this Secudty Insuument is subject to a law which sets mauimum loan
<br /> charges;and that Iaw is fiaally interpreted so that the interest a other loan cttarges collected a to be callected in connution
<br /> - — with the loan exaeed the permitted limits.then: (a)any such loan charge shall be reduced by the amount necessary to rcduce
<br /> � the charge to the permittat limi�and(b)any sums already coputed trom Borrower which excecded permitted limit4 will be
<br />_� refu�dod to Bortower. Lender may choose to make thi.s rcfund by reducing the princi�►1 owed under the hate or by making a
<br /> - direct payment to Borrower, if a rc[und reduces pritrcipat.the reduction will be treated ac a par�Fal prepayment with�wt any —
<br /> � prcpayment charge under the Note.
<br /> . 14. Notices. Any�x►tice to Bartower provided far in this Sccurity Imtrument�hap be given by delivering it or by —
<br /> � mailiog it by first clas�maii unless appticable law�equi�es uye of anuther methcxl.'11�e notice�6a11 Ae ditected to the Property =.:-
<br /> Addres.4 or any other address Borrawer designuteti by notice to Lender. Any notice to l.ender shaA he given by fint efacS ?;
<br />-� mai!to L.ender�s address stated herein ar any ather addrcss l.ender de�ignateti by notice to 8orrower. Any noGce provided for �'.-�
<br />. in this Security lnsuument shall be deemed ta havc bcen givcn to Borrowcr or Lendcr when given a1 prov�ded in this
<br /> ParaBraPh• ,_-:'�-
<br /> IS. Covernins Law; SeveraWlity. This Scrurity tnurument shall be govemed by federal!aw and the law of the ••:�°�
<br /> .-...�-�"; jurisdiction in which the Property is lacated. In the event that any provision or clauce of thiti Security]nstmment or the Note `t';
<br /> `�•�: conflicts whh appticable law.such canflict shall not affect other provisiuns of thiti Security Instrument or the Nate which can
<br /> • 6e given effect withont the conflicting provisian. To this end thc provisions of this Security lmtrument and thc Note are -
<br /> i� `'� declared ro be severable. -
<br /> � •_ 16�. Borrower's Copy. Borrower shall be given one canformed copy of the Note and of this Sccurity Insvumeat. '
<br /> 17. Tis�nster otthe Property or a Seneficiai Interest in Borrower. lf afl ar any part of the Property or any intere�t in =
<br /> it is sotd or vansferred(or if a beneficial interest in Borrower is sold or transfertcd and Borrower is not a naturat person)
<br /> -?� withouE Lender's prior written consent,Lcnder may,at its oprior�,require immediate payment in full of all sums secured by �'
<br /> �'��`:`:.� this Secvtity Insuument. However.this option shaSl not be exercised by Lender if exercitie i,prohibited by fedeml!aw ac of �:
<br /> — =j� the date of this Sec�uity Insmiment. ::�
<br />-`� If l.ender exercises this option.Lender shall give Borrower notice of acceteratian. The nmice xhal!provide o period of -:
<br />-��_ ;;. not tess than 30 c�aysfrom the date the natice is delivered or mailed within which Bonower mu+t pay all sums secured by this ' p'.
<br /> �� , Secure[y Instruit3er.s, lf Borrower fails to pay these sums prior to the expiration of this period.Lcnder may invake any
<br /> — rcmedies permitted by this Security Inswment without funher nolice ar demand on Borrower.
<br /> = 18 Borrow�r's 8ight to Reinsfata If Botrower meets certain conditions. $oaower shall have the right to have
<br /> enforcement of this Security lnstrument discontinued at any time pdor to the earlier af: la)5 days(or such other period as -
<br /> S7ngle Family—Faeeb Madl'ireddie Mac UNIk'ORN INSTRUM1IE�'N7'••Unifortn Covcnants 9/90 IpaRe 4 r,Jb pnRrs)
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