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<br /> ` o4uda�tioR ar aler p�kia�of,ay p�et d u�e A+c�e�ey,«far oonv�ey�aoe ia lia oc cdod�a�c�n,��e he�r a�iip�ed�:a.�.' � �
<br /> . �I!be p�id tp l.eade� � .` � > . � • •
<br /> ' Yn dre eveot of a toW.ptioj of tbe Flrope�t�.the pncoeats�b�ti 4e iippTiod w Wa�nt�ecuced 6p d�S.Se�tY .
<br /> . . Im�m�eo�.�rhetbar ar na tban d+�e.rvith�y e�ccest pNid.ta Borioaror. Lt d�e eveat AF.a p�t 4kmi of d�e itt
<br /> which the f�ir nuric�vaiue of�e Pmpetty i4�ly bo{'o�e d�e tai�ing is eqiW to or g�er th�e d1e amount�sua�
<br /> sa�ted by dus Sec�uity instn�onaiot immediatety befa�e 8�e nicidg,inless Boirtower aod Leoder othawiu�roe irt writia�, �
<br /> the a��ea by t�sac�;cy�mOUn�c smn he reducea by the.mo�t a U,e p+oa�s�ukipied.by the f�b�
<br /> fl�ctib� ta)iAe ounl`�anoant of d�e s�sayued i�mt�ediateiy befat the nking,divlded 6y ib)the fair nwdca v�iae di the `
<br /> Ptopaty immediamely•befo�the t� My 6d�e s�ll be p�id w Batmwer. In the event of a puti�l t�Yiai of d�e . . .
<br /> _ Ptnpeity ie�rhid�tha fair�nnicer valae af tl�e PmpeRy umnedi�ety be�'ae the Wcin�is 1Gss t6�n tbe amouot of tbe sums .
<br /> . savned inaaodiateiy 6cfae d�e tatong,a�las Barower�nd l.endec athenvise agrec in writing a mkas applicabia kw �
<br /> od�awiu p�avides,d�e pioceeds sb�ti be appl�ed w d�e s�socazrd by this Se��ity Lnuinmeet v►rhetber or not die amat�ne
<br /> dxn dae. . . �
<br /> ` � � 'If tbe Propetty is ab�odoeed by Bormwer.of i�aRer notice by Leeder ta Burrower that the caodemnor offe�s to w�te
<br /> �a awa�d ar seuie a clama fa damag�es,Barower fa�c to cespond to t.eader within 30days aRer ihe d�te tbe notioe is givae.
<br /> , t.aidcr is aathorized w colket and sppty tbe p�ucad.�,at iu aptinn.either w nstaratiou ar npair of tbe�3opeity o�to d�e
<br /> sums se�wed by this Security Listrument,whether ar not thm dae.
<br /> • Uakss Leoder and Barowa od�etwise agnee in writiag.ahy�p�plic�tion of p�oaeeds to pcir�cipal s6a1t na eatead ar
<br /> postpooe tbe due date of the monthlY PaYments rcfeRed to in pu�t�s l md 2 a c6ange tl�e amo�mc of such payments.
<br /> 1L Borsower Not Rekased; �aoe B9 I.eader Nat a Watver. Eatension of the time for payment or
<br /> modificatiao of a�ao[Ei�a�ian of the sums stcu�od by tLis Security Tacuuattent granted by l.ender w�ny su�essor ia intaest
<br /> of Bon�ower s�nl[aa't v�ierate to nkase tlx liabiliry of tlie original Barower or Bomnwerk suce�ssas in intenst.Lender
<br /> •�•. s�it aot 6e '�n i�onmienx Proceedin&S aSa�nst any saccessor in intecest ot rtfuse to exte�tuue for payment or
<br /> , odKraise nK���of t6e sums secared by diis Seewrity Lut�wment by teasan of any dertwnd made by thaarig'm� -
<br /> , Bamwes ar Bormtiabr�'sucassors in inte�es� My fa�beuanoe by Lender in exes�ising�ny right or t�emedy shall�iot bes, .
<br />- waiver of or pied�ti4e.rae�isa af any ag,fit or ce�y.., ---- " . , . �, ���: �
<br /> IZ Suae�ais,a�L.Aasips Baoad:Jaiet and&veral Lis6ilit'.C.asi�ers. The coveaants add ap,�mbinrs of dns
<br /> Securiry Instrumeni"sfi��rimd and b4nefit dx successois and ascigns of Lender and Bormwer.subject to We�►v jsions of
<br /> p�sgraph,17..Bort4wei.'s cpvenants.and a�cmeats shalt be joint and seveiai.Any$onower who co-sa�oc tfis Socurity
<br /> Lutrament but daes aot executt the Note: (a)is co-signing this Security Instrameni only to mortgage,Brant anci�•oonvey that • . .
<br /> Borrower�inucest in tl�e Propetty under tue tetms of this Security Instiumen� (b)is not petsonally obligate.�ta pay tite sains :
<br /> secu�ed by ihis Secus�ry InstrumenC,and(c)agaes that�.ender and any otlxt Bomnwer may agnx to exte�rd,modify,forbrar�
<br /> or make any accom�a►c�dations with tegazd to the tenns of this Sectuity Instcument or ihe Nate withoux x�a�t Borrower's
<br /> Conse!!k � r : � . :;� :
<br /> 13 I.oan Cl�e.s` If the loan secured by this Security instrument is subjeet to a Mw which sets maximum loan
<br /> . ch�tge�siKi d�at law is finally interpreted so that the inte�est oc other loan chaiges collected"os Cc�be roUecteil in com�ectian..
<br /> with tfie Ioan exceed the permitted limits.then: (a)any such Ioant�hasge shall be reduced by the amonnt neccssary to rcduo�
<br /> the c�.lrge Ca d�c pemiiued limix and(b)any sums aUeady coAec2ed from Borrawer which exceeded pem�itied lim�ts wilt be
<br /> ' � r�efunded tv Bamnwerr ixnder may chaose to make this refund by reducing the principal owed under the Nate or by making a_ �. —
<br /> ditrct payineet to Be�iiower. If a refand reduces pancipal,the re�iuctwn will be treated as a patfial prepayment without auy
<br /> propayment charge under the Note.
<br /> I4. Notices. Airy notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br /> mailuig it by fust class mail unless applicable law requires use of another method.The noti�s'�all be direcied to the Property =-
<br /> Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall6e given by first class �
<br /> mail to Lender§address stated herein or any other add�ss I.qnder designates by notice to Borrower. Any norioe provided for --
<br /> in this Security Iristrument shall be deemed to have been given to Borrower or Lender when given as provtded in this =
<br /> P�B�Ph• �
<br /> 15. Govtraleg Law; SeveeabUify. This Securiry Insuumel►t sh�ll be govemed by federal law and the.law of the =
<br /> jurisdIct�om in which the Property is located. In the event that any pmvision or clause of this Security lnstrument or the Note --
<br /> conflicts with applicabte law,such conflict sha11 not affect other pmvisions of this Sec-urity lnstrument or the Note wAich ean �,
<br /> 6e given e�fect withoat the conflicting provision. To this end ihe provisions o1't�eis Security Instrument and the Note are _
<br /> decfared to be severable. • ^;�-
<br /> 16. Borrower's Copy. Borrower sh�ll be given one conformed copy of the Nate and of this Security Instrument. `_'
<br /> 17. lrarafe�r of the Property or a Beneticisd Interest ie Borrower. If all or any part of the Property or any inttrest in °
<br /> � it is sold a uansferred(or if a beneficial intereyt in Borrower is sold ar transferreci and Borrower is not a natural person) _
<br /> wilhout Lender's prior written consent.Lender may,at its option,require immediate payment in full af al!sums secur�ed by
<br /> , this Security Instrument. However.this option shalt oot be excrcised by Lendcr iF exercise is prohibited by federai taw as of =
<br /> ,. the date oPthis Security Ynstrument. � �:
<br /> - If Lender exercises thts option,Lender shall give Borrower notice of acceleration. The aodce sh�ll provide a period of �'
<br /> not less than 30 days from the date the notke is delivered or mailed within which Borrower mu+t pay all sums secumd by this
<br /> � Socurity InstrumenG If Bormwer fails to pay tfiese sums priar to the eapiration of this period,Lender may invoke ar►y �
<br /> nmedies pemtfited by this Security lnsnument without further notice or demand an Borrower. t?.,
<br /> • 1�. Borro�rp''s Ri�h'i to Reiestate. li Borrower meets certain conditions. Horrower shall have the rigitt to have _
<br /> anforcement of this Security lnstrument�iscominued at any time prior to the carlier of: (a)5 days(or such other period as —
<br /> Singk Famity—Fannk MseJFt'tAdk Mik t1NIF1)RM iNSTRU!NP.NT•-Uniform Cwenants !/!A I/wgtl nf 6 pages)
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