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<br /> �a other talu�af�ny p:�i of the P�opacy.a fa con�►eyaa«in ueu�of woaemoation.ue ner�►us��nea ana . , � .
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<br /> ` In tbe event a�a tQtal talcing of the Pmpeny. the poceeds sh�lt be apptied to il�e sums securaf by this Security� .
<br /> . � `Ins�umeot.�wheti�a aar then due,wiW�y exass�aW to B�urrower. [n the event of a pn�tial micing of the[�t�opaty in .
<br /> �vvhkh rhe fa�r m�rket vaiut of ifie Ptu�tCty.immediuel�t befort the taking Is equal to ar g�eatet than the unount of d�e snms ,
<br /> � '.sccucbd.by this Security Insorument immediAtely before the t�ing.unkss Bormwer and L.ender otherwise�gneC itr wrI[ingt •
<br /> ihe sums secuted by this Security Insuuax�t s[u11 be reduced by the amaunt of the pcocads multiplied by the followiag .
<br /> 69cdon: (a)the satat�tnount of Qrc kums secwted iminedisttty bet'ae tfie t�Ring.divi�ied Ey Ib)tfsc f�r marlcet vatue of the
<br /> Ptoperty imma!'atety 6e�oro.tBe taicing. A�y b�lanct shatt bt p�id to Barower. tn t6c event af a p�rtia!taking of t�e
<br /> prnpe�ty in which the fa�market vaiue af tlie Ptoperty�iately befone the taking is kss than thc amount uf the sams
<br /> `securcd immediuely befae the talcing.un{ess Bamwer and L.ender otherwiss agnec'ia writing a.unkss ap�licabk !aw
<br /> , othervvise qovides.the pucYMs shaU be apQlied to tlu sums scc�u�ed by this S�curity Iaswment whether or not the sums ace
<br /> �thendt� � < �.
<br /> ' If the Ptqx�ty is abandoned by Boetowtr.a if,after nwirx by Lender ta gomnwer th�e dx candemnar ott'ers to mal�e '
<br /> an awud or senk a claim fa damages.Bonower f�ils to respoqd to Lender within 30 days after the date�he naice is given.
<br /> LnWer is auth�xized to ooik�t and apply t!x poaedc.u iu oprian,eitfier ta restoration or tepair of the Ruperty or to the
<br /> ; sums sacuted by this Securiry Instrumen�whnther or�xx tttea due.
<br /> . Unless Lender and Bomower othervvise agree in writing.any application of•pracesds to principal shaU nat axtend a
<br /> postpax the duc date oPthe maathlY payments te&rred to in paragr.fpNs 1 and 2 occhange the amount of such payinents.
<br /> 1!. Bore�o�ver Not Rd�d; Forbataae By Lendtr Not a Wairer. Extension of the'time fa payment or _-
<br /> madificatioa of artioifu.a6on of the sumc secured by this Security Instrument granted by i.endcr w any successor in interest �
<br /> of BoQOwer shall nat operate to r+elrase the liability of tt�e ociginal Borrower or Borrower's succes�rs in interest.Lender __
<br /> shall not 1fo required to commence proceedings against any sucoessa in inter+est or refuse to extend titne for payment or
<br /> otherwise modify amo�t'vation of the sums secured by this Savi�ty Instr�ment by reason of any dema�macle 6y the original _-
<br /> Bamwer or i3orrower�s successas iri mtenest. �My fabearance by Lender in exerci�ing•any right or remedy shalt nat be a =
<br /> . . ..waivec of or p�eclude We exec�ise of any right or cemedy. �
<br /> 12. SNOCe�ors snd As�s Boued;;Mint asd Sevesal Li�M'lity:Co�sianers. The cavenants and agreements of this —
<br /> Socnrity Insuumrnt shall bind aad beaefit the successor.s and assigns of Lender and Borrower,subject to the provisions of
<br /> pazag�aph 17.Borrower's cove�iar�ts and agreements sha11 be joint and several.Any Barrower who co-signs this Security
<br /> Instrument but does not exaute il�Nate: (a)Ls co-signing tlus Security lnstrument oaly to mortgage,grant and convey,that —
<br /> $orrower's intenest in d�e Pmperty under the terms of this 5ecurity Instrument: (b)is not personalty obligated to psty the sums a--
<br /> setun.'d by this Security(nstrumen�and(c)ag�+ees that Lender and any other Borrower may agree to extend,niodify,forbear �_s
<br /> or make any accommodations with regard to the terms of this Securiry Instrument or the Note withouc t�tat Borrower:s . �-
<br /> . consent. ��
<br /> 13. Lam Char�es. If the toan secured by this Seciuity Insuument is subject to a law whieh sets maximum loan =_
<br /> charges,and that 1aw u finally inteipneted so that the inteeest or other loan charges collected or to be collected in conc�ection —
<br /> with the loan exceed the pem�itted limiu.then: (a)any such loan charge shall be reduced by the amount necessary to reduce
<br /> t1�e charge to the pem�itted limit;and(b)any sums already caltected from Borrower which exceeded permitted limits will be =
<br /> refund�d to Borrower. Lender may choose to make this reSsind by reducing the principal owed under the Note or by malcing a � ___
<br /> direc"r payment to Borrower. If a refund reduces principat,�`�e ceduction wiU be ueated as a partial prepayment wit*�..,�.:.any =---
<br /> prepayer�nt cfiazge under the NaK� . � ��',';.
<br /> t�.Not►ee� Any notice to Borrower provided for.sei t[Tjs Security Insaument shall6e given by delivering it or by -
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<br /> mailing it by frisa cgass mail unless applicab[e Itiw myuires use�of another method.The notice shall be dis,,�cted to the Property s_•
<br /> Addass or any,other address BoROwer desig�.,�s by notice ta Lender. Any noace to Lender sha116e given by first elass '?�
<br /> mail to l.ender's address stated herein or any other addsesc Lender designates by notice to Borrower. Any notice provided for
<br /> in this 5ecurity Instniment shal[be deemed to have been gi��en to Boaower or Lender when given as provided in th9s
<br /> p�15 Governing Law;Severability. 7'his Seturity Ins�-�:ment sha0 bc goveme�b�federal taw and,the law of the -
<br /> � jurisdiction iRwhich the Property is lacated. In the event that any provision or clause of s�:is 5ecurity Inctrument or the Note ��
<br /> conflic4q wtth appficable law,such conflict shall not affect other provisions of this Securit�4nstrument or the Note whicb can
<br /> be glven effect without the coittlicting provision. To,this cad a�e provisions of chis Sra,�ity lnstru�nem and the Note are �
<br /> dec�az+:d to be severabfe. . ..
<br /> 1+6. Barrowe�•s Copy. Bamower shall6e given one conf�<ined copy of the Note�.TT�of this Security lnstrumens. .
<br /> !7. 7�anskr of t6e Property or a Beheticial lnterest in�Borrowee If all ar any�r=_�of the Property or any in'teretit in '
<br /> it is sold or transferted(or if a beneficial interest in Borrawer is sotd or transferred and Borrower ic no{a natutal person)
<br /> without Ltnder's prior written consent,Le�tder may.at its option.reyuire immediatc payment in fiiil cs:al}sums secured by - .
<br /> this Security Instrument. Hawever,this option shall not b�exe!•cised by Lendet if exercise is prohibit�6y federal law as of
<br /> thedate of this Security Instrurttens. ,
<br /> [f Lender eaerclses this opucxi,Lender shall give Bomu��r natice af acceteration. The notice tihall provide a periad of :.:"
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<br /> nc�t I�s than 30 days from the date the noRee os delivered or maited within which Bonower mutit pay��i sums}ecured by this -�''_
<br /> Secnrity Instrumem. If Borrowcr fails to puy.Ehese sums priar to the expiration of this period,I.es�3er may invoke siny �
<br /> remedies permitted by this Security lnstrumerue�ithout funher notice or dee�and on Borrower.
<br /> 18. Borrower's Risht to Reinstata If 8orrower meeGc certain conditions. $ntruwcr shall havc the dght ta have
<br /> enfacement of this Security Inswment discontinued at any time prior to the earlier of: (a)S dayc(or such other pedod as
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