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<br /> . . - � . - � . .�. - , � ;�94� ino� �� t
<br /> � canaeeorotion cr a�r utaL�at,ny pec o6+be propamr.or icr cnnMe,►aex i�I�iw oF �oa��od�doo�,i�e i�p�t a�ied�d �
<br /> ' �lalt be p�id w I.e+a�er. ' . - � '
<br /> 1n�e evtnt of a�tohl tatia��ot 1h Ptopetty. tAe proeeeds shaU 6a�pplied 1�iht �unu�eaned byr tin�Sec�ily � ,
<br /> insavme�t,wbet�er or not then due.irith aay exoas p�id w Bo�rawer. iA the event ot a p�cti�l,t�tins of t�ieP�op�t�n ..
<br /> ` which t!rc fai��ti�rka v�tue of the Pto�ty ia�edirtely[iefa�e tl�e tdcina is a�otl to or p�eim�er.that d�e�mour�t a[tlie�oeas
<br /> ' aec�ued by,this Secur�iry Tir�ocument inmeistely befae tBe W�L�g,unku Barowa and L`ender ad�a�v�se s�in wetia�.; .
<br /> 'the surtu saw�ed by dus Sacwity[nspumeat shall 6e t�ed�wed b�►Ihe�mowK of tIK Pooeod�muWplied bY tfie fbito�rio� .
<br /> �fractiao: (�)t¢�total a�ooant of the s�aps savne4 immed'nte[y beface the�akit�,divided Ay(b)the!ar market v�We of drc .
<br /> : Ftope�ty immediateip befa�the taicing_ Any�aee sh�H be-pud ia Bosnox� Ia!6e evsq�of a prtia!t,�kip4 cf d�c
<br /> pcvpotty ia�rli�ch tlre tir mrrta value af the PYOpe�ty�mediatety befo�e t1�e Wcin�'is kss tfan the etwunt of tbe aais
<br /> ' secu�e�inmaodi�tel�r befae the alcin�: �mlas Bonower aad L�ender aihecv�!3s�agrae in wciF�t or�u�kss applicabie 4w _
<br /> o�era�pro�ides.the p�oceods shsU be applied W t6a snms secu�ed by this Securiry Instnuna�t w�iel�5r a not tl�e soms m
<br /> d�en due. � - ° , ,
<br /> �. lf the Property is�ndo��od 6y Bamwer,a if.aRer natice by I.ender to Bamw�c d�at tb�coadetmor of�as to m�iw
<br /> . an award o�settla a ciaim!for damages,Baruwer f�ts w teepond wl.ender witl�30 daya aRer t6e daoe the not�e is Sva�.
<br /> La�der is aui�o�ir�ed ta cdkct and appt�►the p�ooeeds.u.its op6o�n.eitder m restnratian ar'�ep�ir of tbe Pt+opetty ar to the
<br /> sums secured 6y Wis Sec�rity instnurxnt.whett�er or not tba►d�.
<br /> • ' vntess Lenaer ana s«rower atl�vyisc ag�ec in writing.anr aPP��;on of prooeeds to principw)s6au ooc acceaa or
<br /> pastpone the due date of the mapthly psyme�us referred w in paragraphs!ard 2 or change t6e art�o�mt of such p�►ymaus.
<br /> 11. �a�rower Nat AdeaKd: For6ars�ce By l.eeder Nat a WaWer. Exceasion of tbe tunt for payment o��
<br /> modifiption af unatiz�qon af the sams saatted by tfis Socurity L�urt�eat granud by Lender to aay wccessor i�t intenest ,
<br /> , of Samwer sh�ll na opaate w releue tbe liablliiy of t6e original Bortowa ar Bono�3�st�eeswrt in_in�aeu.L�eader .
<br /> � s1�1i not 6e_requirod to commeace:Proceedm&s against aay sacaxcor in iateRst or rcfuse to exoead time far p�yment ar •
<br /> o�herwise modify amo�on of tbe su�ns saa�l by�his Socority U�ent by n�asaa of aay dea�nd roade by the orf�n�l
<br /> Barowa or 8oauwer?s successors m iataest. Any fo�bear�nce bY L�der m e�cateising my rigbt a�nody�shall a�ot 6e a
<br /> waiva of or peciudc ti�eae�ise of any right or rimaiy. � .
<br /> � It Saocesa�s s�d A�a Baisd:Joiat asd Sevaat i�a6Nit�:Co�as. The cuvemnrs aad sg�aaiaas of this '
<br /> � Security InstrumeiR shall bind and beneftt the sucoessas and assigns of Lender and.BoaPwer.subje¢t to the proviswnc of .
<br /> paragraph 17.Borrower�covenants�d ag�xments shalt 6e joint and scveial.My Borrower wha co-signs ihis Stcudty
<br /> • Instr�ment but does aot eaecute the Note: (a)is co-signing this Security tnstrument oaly ta mortgage.8nat and oonvey that
<br /> B6rrower�s inteaest in the Property under the terms of this Se�airity Insuument; (b)is not.Pesoaaltq obligaKd to�ty ihe sarns
<br /> secured by this Security In.4uumen�and(c)agrees that Lender and any other B'orrower cnay agtee to extefld.modify,fatbesr
<br /> or make any accommaTations witb ngazd to tf�e tcm�s of this Security Insuument or the Note wid�oat•that Basowu�
<br /> - -- consent
<br /> — 13. Lona C6ar�ts. If the loaa secuced b�t this Seeurity Inst:ument is su6ject to a law which sas maximum laan
<br /> - — charges.and that law u finalty interpreted so that the interest or other Ioan charges coltected or to be collected in connecdon ,
<br /> with the loan exceed the pertnitted limits.then: (a)any such toan charge shall be redoced by the arnount necessary w reduce' .
<br /> - the charge to the permitted limi�and(b)an}r swnc already collected from Bo�rower which exceeded pemutted limiu wiil be
<br /> — nefunded to Borcov:ec. Lender may choose to make this tefwx!by reducing the principal owed under the hote or by making a
<br /> - --- --- cfuect payment to�rower. If a refund nduees principal.the reduction w�be mated as a partial piepayment anthart a�ry
<br /> pnepa}ra�eat charge uader thc Not� �
<br /> 10. Notioes. Any notice r�6iotrower provided for in this Securiry Inswment shaU be given by delivering ii or by
<br /> `��r��� ma�'ling it by first class mail untess applicable law requires use of another methad.71�e notice shaU 6e directed to the Property
<br /> s ..<.�,� ,:
<br /> -'='��� � Addtess or any o[her address Botrower desi�nates by notice to Lender. Any notice to Ixnder shal!be given by first class
<br /> �'��-.
<br /> -�_�•..r .. �.;<-; mai!to Lender's address stated herein or any etG�address Lender designates by notice to Borroaer �.�s.grvtice provided for �:._
<br /> ��'",`'';;z : in this Security Instrument shall be deemed ri�i,ave been given to Borrower or Lender when gisern�s provided in this ��:___
<br /> ��. �-_ ' ,
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<br /> `���";":��,;: �1 Sp Coverning Law;Severstbility. Thir Security Instrument shall be govemed by federal law and the!aw o6 the �:�_
<br /> • � '�`' sdictioa in which tl�e Pro �s loc�ted. In t6e event that an rovision or clause of this Securi Instrument or d�e vote
<br /> J� P�Y�• Y P IY �;:._-
<br /> .;_._A�.�:� �:=�:r�'• conflicts with applicable law.such conflict shall not affect other provisions of this Securiry Instrument ar the Note which can {�;•;t
<br /> ` : a-�=-= ',�- � be given effect with�aut the conflicting provision. To this end the pravisions oi tbis Security Insuumem and the Note ar�e ,.y�=_,�:
<br /> �"� " _ deciared W 6e severa'bte. • . ---
<br /> ~.',£,�' " 16. Borrower's Copy. Be�rewer shal!be given one conformed copy of the Note and of this Security Instrumen� ' , ;;,"�;;`
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<br /> •� 'kxlt;�.?�,'�.�.• '� 17. 'iiransfer ot the Pro{e�tt�:mr a Beneficial lnterest in Borrosvw If aU or any pzrt of thc Property or any interest in ,�•'•;��'�
<br /> riiss•..1�`F(!!+!B�i(y,�.. c , ^ fL
<br /> _—_ _ it is sold or transferxed(or if a ti�.,icia!interest in Borrower is sotd ot tra.Sferred and l�orrower is not a natural person) ` ;',.
<br /> "�""`��?w� ;,� without Lender:s prior written consem,Lett�er,rr:.ay.at i�s aption,reyuire bmrr�:iate pa��ment in full c-�`,�i!sums secuted by ':•-
<br /> � ,,;;;;'�:. this Security lnstrumen� However.this oy�Yui�rs=l;dll not be exercised by Len�if exeraise is profti�iasa3't:T:.-federal law ac of �� �� -��`�
<br /> _ ` the date of this 5ecurity Instn�ment. •", ". . , • � -,'�.
<br /> :�i;-_�' if l.ender exercises this option:l.ender sha71 give Borro�er notice oi'acceleration. TFe notice shaj]provide a pe�i+ia of
<br /> ����'':.�;•'': � not(�.�ihan 30 days from the dat'e e.�e notice is delivered or�ailed within which Borrowet rnust pay all sums secured.,Isy�iis . •
<br /> ����"���� ' � � � Security lnstrument. If Bomca�i fails to pay these sums prior to the exp:ration af this period. Lender may invct�:�ny •
<br /> �' mmedies pertnitted by this Securf.y Instrument without funher notice or dema�v�on Borrower. ! i , - .
<br /> _' .'���-�� � " IS. BorroRec"s Ri t to Reinstate. If Barrower meets certain cen�:ions. Boaower shall have the right t¢have ' �
<br /> �:����_.� . � '_
<br /> --—___ enforcement of thi,Securit y instcument discontinued at any time prior ta t'�e earlier of: (a)S days(or spch other pe�iod as �' � -
<br /> _T`=� — ! � ' •a;�r,;:s;'.:
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