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<br /> � �nru�tion a wber t�iCia�of�ny pit of tLe Prapeety.or for cbnveyaox in lied of oot�de�pssti�.�+e�eb�r�i8n��d �
<br /> ` sb�l{bc p�id to Lajder. , • ,� -
<br /> � � w�d�e cwais of.:coal nkina of d,e Piopacg,d�p�ocoeds.shiu be apQiied w�6e su�ns sec�ea br ans socw�i�y` _
<br /> ' � '1e�umeM.whed�ei or not tben dae.aith aay excess paid to Bo�rower. In d�e event of a partial t�icii�g of the Property iw
<br /> �. which flae fair marf�et vatue of iba Propeity imn�ediately 6ofoRe the taicing is oqaal to or greater thaa Wc unount o��the sums
<br /> � securcd by thi�Security instnunent immediately befae the tal�ng,�niess Bomower and I,ender ah�wise ag�ee in ariti�g.
<br /> � � thC aums secunDd by t6is Sectuity Luttv:toent sball ix teducod by the amaant of ihe poceeds multiplied by tbe fdlowing , ,
<br /> . ft�tioo: (a)the se��ai amount of the sams securea immediately befon the taYing,d'ivided by(bj the fairmarlcet value of the
<br /> �pr�pe�ty imnlediatefy 6efore ti�e tai�ng. Aay balar�x stiall b�pai¢w Botmwer. ln t6e event of a p�ntial takiag of the
<br /> � Pboptty in whieh!be fiir marlcet value of the Prnperty imroediately befone the tatdng is tess tbaa die amount of ti�e sumc
<br /> �� eecurcd ieNrl�diately before tl�e taicing, unless Borrower aad L,ender aiherwisa a`gc!ee in writing or�nl�ss appticable law �
<br /> ..qtherwise prm�3es.lhe p�oceeds shall be applied to the sums sec�ued by this Secu�tji Ins�d'ment whether or not the sums a�e
<br /> tliendua.`, . ,:::
<br /> ' it the i�toperty is a6andoned hy Banuwe�or i�after nouce by i,eader to Bonower thatsl�e,candemnor offecs w ufake
<br /> att aw�r+d or settie�clairt�for dmnages:Btirrowe`far"is tu:respond to Lender within 30 days after the da�the notica is,givrn.
<br /> L,ender i��uUarized tu¢oliect and appiy tfie�pioce�s;:at�s o�tion,either to restrnatian ar repairof the Ptoperey a to the
<br /> � sunis secwed by this 5ecuriry Instrurt�ai�whe�cocvotihen dne` ..,.. , . . •
<br /> Unks,s I.ender�tnd Baroaa dlxrwise ag�ee ia wriUng;any appTu�atioa of proceeds to.priilcipal shaU aot extend or _
<br /> � ', portpc�ne the du�due of the munthly payments refemed to in pa�agsspbs 1 and 2 or change the.amo�of sueh paymeats. .
<br /> 1t. earrowrer Nq Rek+sed; For6enrance By�Leader•Not a Wa[ver. Fxiensiau�bf�the tmie'.for payment a
<br /> mvdifte�lion of anwrti�tlon of the sams socured by this Security Instnwent granted by£xncter to any.sdecessor in interest �
<br /> of Bor�ower shall hn1 oper�te to rek�se tGe Iia6ility of the original Borrower or Bocxuwer's succes.sois ia interest.l.ender
<br /> sAait pat be [equired to commence proreedings against any saccessor in interest or refuse to`e�itend�ime for payment or ---
<br /> — atlxrwise modify�mortiz�tion of the surns seciued!sy this Secuaity Iastrumeat by reason of any demand made by tUe origiaal ��
<br /> $ortower ar Boapwer's succtssas in inuc�st. Aay:farbearance by Lender in exer�ising any right or mmedy shall not,be a . �='_-
<br /> waiver of or pcectude the eaer�ise af any fight or remedy. ` ,. ;•': . =.°..___
<br />- — 12. SYecee�oe�ana A�rts Bound:Joint�Sever�l LiabiUty;Co�signers. The.covenants and agt�emenu of this . �
<br /> Security Instrunlent�Iwli bind wtd 6enefit the sucx:essors and assigns of L.ender and Borroweir.subject to the provtsions of =-__—
<br />- — paragraph 17.Bortowet�+covcnants and ag�+eements�shall be joint and several.Any Borrower who co-signs this Se�rity ��-�-°a�e=T
<br /> �. __n=�.
<br /> Instrurttcnt but daeK nal eaecute tt�e Note: (a)is co-signing shis Security Inst�ument only to mortgage.grant and convey that �x�;�
<br /> Hortowu�interest in the Property unc�'1he terms oftbis Security Instrumen4 (b�is not pe�sonaliy obti�to pay the sams `".=:--.
<br />��� secured by thia Security lnstrurne�t:und(c)agrees that t:ender and any other Borrower may agree w ezrend,modify.forbeaz � K�.�,::.
<br /> _ • or make any xcommadations,with regard to the tenn"s af this Secunry Inswmerrt or t he Note without that Borrower�s `;�°�`y:-
<br /> ,��* ,.'. consent. . , y:;�-�*. —
<br /> '�:�f"• 13, I.o�lp Cturc�es. lf the loan secured by th�s Security Instnunent is.subject to a law which sets maximum toan � •:';,. : :.
<br /> r'.c-.c':�
<br /> -� charges,and that luw�s fin�lty interprcted�o that the interest or ather loan charges collectcd or ta be cotlected in connection g �:*r-.,�,;v.'
<br /> ' with the(oan oxceod tht pennincd ifmits.then: (a)any such loan chazge shall6e redaced hy theamouiu necessary to ieduce k'���"`��-.i
<br /> ''-��: = :� the charge to Ihe permittcd limit:and Ib)any sums atready coltected from Borrower which eaceeded permitted limits will be �':�`��—
<br />- r rofunded to 8txrowe►. I.et�cl�r may chontie ta make this refund by reducing the principal owed uader the Note ar by making a ': :�.��- ._�;
<br /> �. '.�"' direCt p�yment to Horrowcr. if u rePutxt reducex principal.the reduction wilt be treated ac a.partiat prepayineuf+i�nthaua as►g ' .���;�""�_
<br /> r�::fi.'::��i::: :,.. '.." =
<br /> ,. ,.�, P�Ymeqt chargc utulcr thc N�+te. ----- . -
<br /> ; •�'�y� `:����' !4. Nakes. Any n�►tice lo Qotr�►a'er provided for in this Secprity Jnstrument shall be given by deGverirtg it or 6y -1 ;-,
<br /> �,,,, : . �,
<br />' �� '�t,;.• mailing it by fint clasr a�uii unle�+upplicahlc law myuires use of another method.The notice slrall be directed to the Properry . .
<br /> =::��`�'-" ' Address or:at utltcr addnwv HurruHCr drsi natey b notice to Lender. An notice to Lender shall tx ven b first class ' '' '3•
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<br /> �;�:4 .. • _,.�: , mail ta l.cnder�addrcr��tated licnin or any uthcr address Lenderdesignates by notice to Borrower. Any nodce provided for `�'
<br />- '' �,;;;�.,:' ; � in this Sccurity Instrumcnt tih;dl I+c dccmed tu have been givea to Bonower or Lender when given as provided in this �. . � '�..,
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<br /> ;,�._, : . Is. Covernin��Law; tie�•e�bility. 1'hiti Security.[nstrument shatl be govemed by federal taw and the law of the ,, . � �;.•
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<br />_ :x.- :..' judsdictian in which the Puipehy ic<<Kated. In 1he event that any provision or clause of this Securiry Instrument or the Note 'r;. , r:
<br /> ,_ � "'� eonllicts with applicuhle law.�uch cunflict�hall not affect other ptovisions of this Secunty Instrument ar the Note whicb can '� ' , :�.
<br /> �� :� '� - be given effect withoul the cunflicting pr�3vl�ion. To this end the provisions of this Security lnstrument and the Note are ; :.;,:.�>L: .:•
<br /> y'•`��' - declareAto bcreve�ab1c. r . .���`.
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<br /> � �y:,.�.3 16. Borrower�Cup�. BurruHCr shall he given one conformed copy of the Nate and�t tt�iti Security Instrumen�
<br /> '"�,w,�_;,-,"�- ' 17. 71�anste►ot IAe Prope�ly�x�Beneflcial interest in Borrower. 1P all or any part of the Pcoperty or any interest in � ' '.: • '
<br /> , ,`�;;`:d;�-w r' it ia wld nr uunrfeaa{Inr if u be�xGcial intcrc.t in Burtower is sold or uansferred and Borrower is not a natural penan) r :.
<br /> ' ,�.•:. without Lcnder's priur written conmrn�. I.rndcr may,at its optian,rcyuire immcdiatc payment in faU of al!sums secureQ 6y .
<br /> ° �* this Secudty laxuument. Nowevcr.thir opf inn+hall not be exercised by L�nder if excrcisc is prohibited by federal law as of �'. :,
<br /> ��''�-..�i, the datc oi Ihis 5ccurity tn�trmn�mt. , • � � ���.
<br /> '"' If Lender exetCiycs Ih"ts op�i�m,itindcr�hall give Bnrrawer notice of acceleranon. The notice shail provide a period of � '' .. �
<br /> �+ s�:�.' � no1 fess th�n:;(1 ds►y�faNn�Ix:d•rte Ihe nuticr ir drlivercd ur maited within which Borrawer must pay ap sums secured by thi� ' • -
<br /> ��;;�' � Security InstrumrN. If Norro+vcr lail� w p:ry thc,c�umti prior to the expirdt;on of this period,Lender may invoke any � �
<br /> ii�!'.:�..
<br />, �, .-• remcdies pemtittcd by thiv Sccurily Iit�Uu��ir�u a ilhout funher notice or demand an Borrower. i._ . -- _�::�•:'-
<br /> ���"�• 18. Borrower'K Rlght tu Reln�f�te. ll' Hurruwcr i�ucts ccrtain conditions, Barrow�er shall have fhe right to havc �
<br /> enfareemenl nf'this Security ImUUmem di•cuntinued ut uny time prior to the earJier p�: (a)5 days ior such oiher periad ac � , ' . •
<br /> - timgk Frmity ►'rnnk�Irt/1'redNr M�U�li'OR!N INSTRIIS1F..rV7'--llniform Covenants 9/90 (poge 4 oJh pugt+l � '
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