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<br /> . , � . . . . � � . � � � , 94- 1vos9x �;� :
<br /> ` 'coddeauu�don�or aher tsicing af my p�t of the Propetty.a for conveyance in lieu af cawkmiariar.ss+e I�a�ehY assi8ndd�M�d � 4
<br /> ' al�Wl be p�id to Le�rler. . � � . .
<br /> . in tpe evatt af a`tafal taking of the PtoQerty.th� procads s4rall be applied to the sums sec�red by this�Securiry�
<br /> . Instnr�rient,wlxther ur na ihrn due.witb aery excess paid w BSmuwer..ln.tfie eyau of a gprtj�l r+king of thc Ptopacy in . .
<br /> . which the fair mottcst valua of tt�Ptoperty immediatety 6efore the taking is eqaa!w ar gneater t�san t2ie amauot of tLa sttms � �
<br /> secuRd.by this Secsuit�r InstN�nt immediately befu�e the taldng.anless Borrowet and Lender othenvise ag�ee in writing.
<br /> the s�ms secu�d by this Savrity(a�umtnt shall be�by the arnaant of the pmoeeds mWtiplied by the foUowing
<br /> ' � franian: (x)ti��ow!amnunt of the sums�immediately before the taking.divided by(b)tfie fair marimt value of the
<br /> � ' P�opttty immediately befae the taking. My batanoe,sl�aU be paid m Borrower. In ti�e event of a paztia!tabng of the _�._ ---
<br /> Pmperty�a wluch tl�e fair market value of the PmpeRy immediately 6efae t�[aktng is Ias tha�i tht amount of tht sums
<br /> secu�ed imaiediately befae the talting,nnless Botmwer and Le�der otl�rise ag�ee in wriring or unleas applicabk law ;
<br /> oiherwise provides.the prncads shail be appiied co the sums secured by tfitc Security Ins�mrnt whether or not the sums aoe =
<br /> then dne. ' . '
<br /> Tf the �s abandoaed b Bortawa.or if,after notice bg Lender to Borrower that ti�e condemnor offers to maice
<br /> an awa�d or�e a ctaun far damages,Borrower fails to respond to Leader within 3Q days after the da�e the notice is givrn,
<br /> Le�ider is authorized to collect and appiy the ptoce�s.at its option,either to restaation or reµair of the Propeity or to d�e
<br /> sums secwed by this Securiry Instrument,whether ar not then due.
<br /> Unless Y.ender and Barmwer oth�rwise agree in w�iting.anY apptication of procoeds to principat shall not extead or -----
<br /> postpa�e the due dau of thc monthlY paymerits refeired to im patagraphs 1 and 2 or cdange the amount of such payments. . _- __ _
<br /> 1L Borrower Not Rdeased; Foc6ear�nce By Lmdtr Not a �1'aiver. Fatension of the time for payment or =_ __
<br /> modi�ication of amortization of du sums secu�ed by this Securiry Iasaument granted by Lender w any successor in intet�st, _—___
<br /> •of Borrower s6si1 nat operate to releas,e the liabiliry af tLe cxiginal Bormwer or Borrowea's successors in intaest.Lender ���
<br /> � shaA not be nquired to commetrct pnoceadings agamst any si�cessor in int�or refiise to extend time for payment or �-
<br /> oitierwi,te moddy amortization of the sums secured by tIus Security�nsaasment by�eason of any demand made by the original ��+
<br /> � Boaower a Borrower's siiccessors ir�inte�s� My forbearance by Leader m exeneisin any ngBt or shail noE 6e a �".'.
<br /> S �Y . . �-`-=-
<br /> waiver of or precIude the exe�ise of any right orremedy. '. . ;. �-"�==- �--
<br /> Co•siSners. The covenants and ag�eemeriu of this �"`==_
<br /> 12. Sueoessa�rs aod A�Boynd;Jaiat and Severall.ialr�itv. �,---_-
<br /> Secarity Inst�nt shall bind and bencfit the succesgors and assigns of Lender and Borrower,sulx,sect to the provisiorls of � �'-'_:�
<br /> tns�17_.Bormwer�cove�anu and agreements sball be joint and scveral. My Botrower xiw co-signs this Security 4��'`
<br /> t 1�t does not�execuie the Nate: (a)is casigning this Securiry Iastrum�at onty to tportgage.gant arid convey tlr� .. �'���"�`
<br /> �.:�o r m w e r�s u s t e c e s t i n t h e P r o p e r t y u n c l e r t h e t e n n s o f t h n s S e c u r i ty I n s u u m e n� (b)i s a o t p e r s o n a ll y obli gated to p a}the sums . ��"�''*�=
<br /> t,�'.{";.;,:
<br /> • secu�d by this Security Tnsnvmen�and(c)agrees thaa Y..ea�der and any other Borrower may agree to extend,modify,forbear ��N�;�;.,...;�;
<br /> or mate any avcammodations with regard to the temss of this Security Instruran[ ar the Note without that Bormwer's :�.�;�..��_
<br /> • COasent. :. :' ' • ' t'�
<br /> �,;�,-,.,_.ti.,—
<br /> ' 13� Lc►an�Ci�rges. If the loan secured by this Securiry insm�ment is su6ject to a taw which set� maximum toan • •,, �;�`,
<br /> .,eUarges,a�c3 tliat Iaw is finaUy interpreted sb tfiat the interest or other loan eharges collected or to be mlleeted in eanneetion
<br /> •:.wittl the loan exeeed the per�nitted limits.then: (a)any such loan charge shall be redueeA by the amount neceacary to reduce �'
<br /> �'4r.
<br /> 8�e charge to the pemristed Gmi�and(b)any surris alteady collected from Borrower which exceeded permitted limits will be ,w,�,,;,;�,,,�;_,
<br /> refiatded to Bmmwer. I.enilei may choose to maice this refurtd by reducing the principal owed ander the Note or by making a ��;•;r�,:�-.�:_
<br /> dirxt paycnent ta Sarrower. If a refund reduces principal,the redaction wi116e ueated as a partial piepayment wtthout any ' Q
<br /> prepayment charge under the Note. -�•�,
<br /> 14. NotTces. Any notice to Borrower provided for in this Security Inswment shall be given by delivering it or by ���`...,r •y``, _-
<br /> mailing it by first class mait unless applicable law requires ase o f anot her met h o d.T fie no tice s h a ll be di r e c t e d t o t h�P r o p e rt y ' "��t, ,�=�"�
<br /> Addnss or any other addre"ss Borrower designates by notice to I.ender. Any notice to Lender shall be given by first class `�" ����
<br /> mail to i.ender�address stated herein or any other address Lender designates by notice to Borrower. Any natice provided for "
<br /> i n t h i s S e c a r i ry I n s u u m e n t s h a l l b e d e e m e d ro h a v e b e e n g i v e n t o B o r r o w e r o r L e n d e r w h en given as provided in this � .,', � , �
<br /> P�B�p�, .. � . ..
<br /> 15. Go�erniog Law: Severs�6ility. This 5ecurity Instrument shall be govemed by federal law and tAe law of the .. , ��
<br /> jurisdicuon in which the PropeAy is tocated. in the event that any provision or ctause of this Security instrument or ihe Note - :�•:;�: � ;
<br /> ii'.;::
<br /> confliCts with applicable Iaw,such conflict shall nat affect other provisions of this 5ecurity Instrument or the Note which can {s,.�;.- a.•�.
<br /> be given effect without�he conflicting pravisian. To this end the provisions of thix 5ecurity Instrument and the Note are ,::., .
<br /> x. � .
<br /> declated to me severable. � � ',�.;
<br /> 16. Borrower's Copy. Borrower shail be given one confarmed copy of the Note and of t3ais Security Instrument. , ti:.
<br /> 17. 7i�aaster ot the Property or a Beneticlal laterest in Borrower. If aU or any part of fh�Propeny or any inter+�t in C� � .; • ` `"'
<br /> it is sold or transfcrred(or if a beneficial interest ira Banower is sotd ar transferred and Borrower i.4 not a natural person) ,:,'.:f;,�� `�'°.� ';_
<br /> without l.ettder's prior written consent,Lender may,a4 ats option.require immediafe payment in fuli of all sums secured by :��'�.,��i.: , -
<br /> this Security Ipstrumen� However,this option shall not be exercised by l.ender iPexercise is prohibited by federal law as of `�� � �
<br /> the date of aha Security Insttument. ' �•����' � ,
<br /> If Leero�er exercises this option,Lender shail give Bonower notic�:of acceierarion. 'fhe notice,hall provide u period off � �
<br /> ` not less thars 30 days from the date the notice is delivemd or maited w�thin which Borcower must pay all sums secured by tfiis � '�.
<br /> Security Instrumen� If Borrower fails to pay these sums prior to the expiration of this period,l.ereder may invoke any • �•_ .:. :. _ ��•,:
<br /> remedies permitted by this Security Instrument without further notice or demand an Bonower. � "�
<br /> 18. 'Borrower's Bight to Retnstata If Borrower mee�s certain conditions,6orrower shall have the right to have � ':. - .
<br /> 'enfoncement of this Security Instrument discontinued at any time prior to the earlier oL• (a)S days(or wch other period ati ; • :
<br /> S1nEte F�mily--Fansk Mae/FYeQAk Mac 1JNlPORM INSTRU11fENT--Uniform Cuvcnant+ 91f0 /puge 4 oJ6 pogtsl
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