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<br /> ca�drmnation or other taicin af an of the PropenY.ar far caive in lieu af condemmadon.a�r i�eceby assigned anci _� .`.'.._�-
<br /> � ,_--....:.-��
<br /> 8 Y P� �� - -���:-:.
<br /> � � shal!be paid to Lender. • - . •. . . � . '-:�'•:
<br /> � In the cvent�f a tosal talring of the Ptoperty, the proceeds�a11 6e applied to the sums secut+ed by this Se�uriry . `"-"#�•.
<br /> � Ias�umen�Wrhether or not then due,with any excess paid to Borrower. In the event of u pa:tial taking af thc Propeny in
<br /> -° ------= which the fair matTtet value of the Property immediately before the taking is equal ro or greater tiunn the amount of the sums ' • , _ ,.�a ' �`
<br /> -- - -� � secuced�y this Sccurity Instrua�rnt immediately before the takii�g.unless Borro�•er and Lender otherwisc agree in wridng. ' � "` •
<br /> �� tl�e sums secuned by thit Securiry Instrument s6alt be reduced by the amoant of the proceeds mulripiied by thr followang �, ,��4 . �� �
<br /> '�— - --— fractian: (a)the tatal anwactt af the sums sec�ned"anmediately befae the taking.divided by{b)the fa�r market value of the
<br /> � PtopertY immeQiatcly before the�aicing.� Any 6alance shaii be paid w So►mwer. in thc event of a partia!'talciag of the �`-�.-.----"--'
<br /> —�_ __T-�
<br /> ,�— P�upaty in which the fair market vaIue of the Prope�ty immediately tiefore the taking is tess than the amount of the sums l '
<br /> secured immediatety before the taiang.unless BolrnKer and Leader ott�envise agree in writing or unless applicable law � .-,. .
<br /> ,c otiu�yvise provides,the p�oceeds shall 6e applied to the sums secuned by this Security Instrument w hether ot not the sums am �� _ ,
<br />:;�.a,� ttxn due. '' .. ....:...- -
<br /> � If the P�operty is abandoned by Borrower.or if.after notice by Ixndec to BorroW er that the wndemnor offers tn make ` -: . .
<br />`�;
<br /> ��= an award or seule a claim for dama Borrower faiis to d to Lender within 30 day s afrer the date the notice is given. �
<br /> - , I.ender is authori�ed to wllect and a�pply the p�+aceeds.at i�u oprion,eitber to mstoration a repair of the R'openy or to the � • . ' �
<br />-: - ' sums serared by this Security Insuument.whether or.not thert due. � , �
<br />��� Unless Lender and Botrawer otheraise agrec IIr w�riting,any aPPtication ofgracecds ta priecipa!stes!!noi eateas!ar �- `- - �� .-_
<br /> postpone the due date of tfie montiilY paymeats referred to in purngaphs 1 and 2 or change the amount of such pay�ments. �':� `, °��-.
<br /> 11. BorrnvPer Not Rda4s�ed; Forbearance By 1.ender Not 9 Waicer. Extension ot' the time for payment or
<br /> ' modification of amortization of tUe sums sectmed by this Security Instrument ganted by Ixnder to any sncressor in mtenest '. � ,
<br /> of Borrovver shall nat operate to retease the liabiliry of the original Bormwer or Boirower's successois in interest l.ender , � '
<br /> - shall noi be.required to conunenre proceedings against any successor in interest or refuse to extend tune.fm payment or . � ` -.. _�r'
<br /> - otherwise modify amoriization of the sums securec�trv this Sec�ite tnstniment by n�an of any dcmand made by the original �_ . - � .�'
<br /> - Boirawcr a Sorrower's successors m intere.st_Av:�.�asbraraace 67�ixnder ia exercising aay iight or remedy shatl no!be a ,"`-. ,�."i
<br /> waiverof or preclude the eaercise of any rigM or�y. . • ' ' � � ,� ' ' '-
<br /> 1� Successors and A�s Bound;]oint wnd Several l.c�bility;Co-signers. The covenanis and agreements of this R ,
<br />- ' ' _ Secnriry lnstrument shall bind and benef t the successocs and assigns of I.ender and Borrower,subject to the provisions af (' ' '
<br /> '�-�,.��`.,�' �° paragraph 17.Borrower's covenants and agreements shall 6e joint and several.My Borrower who co-signs tt�is Security ! • .
<br /> _ �' " ��i°� � --• Instnuneat but dces not eaecute the fYote: (a)is co-signing this Security In.strument only co mortgage.giant and convey that ;_ .
<br /> •�"'" ' ,� ,. Bormwer s interest in the Pmperty under the terms of this Security Insuument; fb>is not personal[y obligated to pay the sum`s � _. _____ _
<br /> �, � secured by this Securiry Instrumen�and(c)agr+ees that Lender and any other Borrower may agree to extend.modify,torbear '
<br /> :;:r i°�,'."' . ..
<br /> - .�.�f:_-_d�; ar make any accammodations with regard to the terms of this Security Instrument or the Note without that Bomnwer's - ;' ,
<br /> r'.'? �::'�.,,. � COIISCII� . � " ,:.�.
<br /> _,�.;+;t;�_.. =�'�., l3. Loan Charges. If the loan secured hy this Security Instrument is subject to a law which sets maximum toan +. . . : ; _
<br /> �-�-•� '`"�L :-� charges,and that taw'is ftnalty interpreted so that e.h��nterest or other loan charges caRected ar m be coitected in connection ���� '-- '"�
<br /> :�,�_{..;:;�=;�,;. � . �..
<br /> . ,,.,���±,:<�--.:. • with the loan exceed the permitted limits.then: 4ss a�y such Joan charge shall be reduced by the amount neces5ary to reduce � � • ,,; -
<br /> ' '`'' `�: the char e to the �"ed limi�:and(b)an ;ns a}�read collected from 8onvwer which exceeded pem�itted limits will be . ' �
<br /> '� „H;.�:x�,. °_ 8 Per�.-: Y� Y � ' -�.
<br /> ���;�j•-' ` refunded to Borrower. Lender ma�c�vose to make this refund by reducing the prineipal ow�ed under the Note or by malcing a �' . , ��•
<br /> ��� �s'�f���• dimct a ent ta Borrower. If a s�Y�reducec principal.the reduction will 6e cmated a;a partial prepayment without any � �•,
<br /> ���s;�'y,'��.::.�.,�s;;,:., ti P ym , . ..
<br /> _ .;;;��•'M��-•,:.��`-..� � P�YmeM charge ander the Nnte. : ., ---.__---��-�'�`�:
<br /> ��;;..:� � � 14. Notices. An�norice to Borrower provided for in this Security LRSuvment shall be given by delivering it or by �
<br /> �`'''`- '�� . . � mailing it by first class mail unless applicable iatii reyuires use of another met�;nd.The notice shall be directed to the Propert}� � .
<br /> � . Address or any other addres,Borrower detiignates by notice to Ler:3�r. a:�t aotice to Lender shall be given by first class � . , ,
<br /> - : mail to Lender's address�.tated hereirt or any other address Lender�Si�ates by natice to Borrow•er. Any natice provided for • •.
<br /> � � � in this Security la�[rument shall be deemed to ha�•e been ge�r�to Borroµ•er or Lender when given ac pmvided in this •
<br /> `:'} :::=;�'- : ��F�. . � P�8*aPh• . . ; `. , .
<br /> ,.e:��c,.,:.; ' ' Y5. Governing Law: Severability. This Security Instrument shal!be govemed by federsl law and the taw af the . �'
<br /> =;;�s-;r;- •� - jurisdiction in whicb the Property is tocated. In a�e e��ent that any ptavision or clause of this Securiry Instrument or the Note .
<br /> � conflicts with applicable law.such conflict sha?:ncn aifect oiher provisions of¢�ris Security Instrument or the Note whicb can
<br /> .;:`:'' � ,;,.:;��'r '�:. be given effect without the conflicting provisia;i. To ihis en��e provisions uf this Security Inrtrument and the Note are �� -� �;:
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<br /> y,. ,...�`�;;;,:;, .. declared to be sevemble. s- , �.:
<br /> �'��•` ' '�'� ''� 16. Borrower's Copy. Bo�o.�r shall be given one conformed coQ}•of the Note and ot this Security Intitrument. '.•�;;%;r�: ';
<br /> �f`:�u � •'f'��''��'� 17. Transter of the Property or a Beneficiat Interest 1n Borrower Q;all or any part of the Property or any interest in ` . �
<br /> . �'�. ; . ;,.: °, � , �� :
<br /> .r�Yi' f��.r:;;�,. it is sotd or tran�ferc�.A(or if a beneficial iniere�t in Barrawer is xold or transferced and Borrou•er iy not a natural personl
<br /> ' ' l�,';�• � without Lender:s prior w6tten consent.L.ender may.at itti aption.require immediate paymem in fult af ali sumy secured by ,• ,
<br /> "J���" this 5ecuaty Instrumcnc However,this option shall not bc exerci,ed by i,endcr if cxerCisc i�prohibited by federal law as of � '
<br />_�' � •�'��• � � the date of thic 5ecurity Imtrument. • � �
<br /> :..,,..,._,.. . .
<br /> - If l.ender exercises this option,Lender tihall give 8orrower notice af acceleration. The notire shall provide a period af , • •
<br /> � -s`�-�- ,na less than 30 days from the date the notice ic detivered or mailed within which B��rroa•er must pay all sums secured by this ,.
<br /> ' +�= �;,,;..: ,� Security tnstrument. If Borrower fails ta pay t��se yum�prior to the expiratinn of thi,prricrd. Lender may invoke any ' .
<br /> `''�''' "' • ' remedies pertnitted by thit 5ecurity lnstrument without funhcr natice or demand on Borroa•cr.
<br />=- ��'{`�'`� `••,,;;:j._, ; 18. Borrower's Right to Iicenstate. !t Horrower meets cenain conditiom, BorraH•cr shall have the right ta have �, �.
<br />! �+ �� t�-• enforcement uf this Security tnsrr-���nt discontinued at:u�y time prior to the earlier of: la)5 days(ar such othet period as
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