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<br /> . �a cd�et t�ki�e�d a�i pwt ati�P�opatr.a kr ooare�iaeoe in!'ku cf ca!da�+.����� .
<br /> � �116b pid 1�l�eadec�.. ,� . . : � . ,
<br /> � � is tMe evba�t�of a IQeat t�kid�d�fMe Plopaty,tbe�a�oeeds�it 6�ippi�d io t6e��eoired 6�this'S�aricY `
<br /> � ' bmawaeqt.�bet�er a rtot�en dre�'w��ny exoaE p�id to.�orrow�er. In�e:eveat af.a p�tiWd hti�.o�d�e Prape�ty�u �
<br /> Mhich tbe fi�it mrtet vaL�e of d�e RopeetY U�med�ely befane dre t�icioj is a�utt tv or�raler dae�be ao�ount of tbe�ais .
<br /> � ,x,aea 6�►ehii sa.�tuiey Ln+rinn�eoe irome�ety befa�u�e aad�g.valess Ho�iu+�a mQ l.eada�herwLie apee ia wn'tios. .
<br /> � tl�e an�s�ec�ned by this Security Ir�tnxr�eat sbtlt be iedoced by vht amoudt of tbe pnce�isui�piied 6Y @�e fdlo��i' � .
<br /> �racticio: (s)d�a ton!antoao�of tbe sums soc�imrnediotely befa�e tbe takin�,divided by tb)tl�e fair m�rl�et value d the
<br /> �. - �tope�.ie,meaiaoeiY 6ec«e�ne tak�g: Any e�ia�sx sbau bc-piia tQ Boerc�ra._ 1a me evsnr.�f s p�6t�1 t�et;�f d�c._�
<br /> • I'rppe�ty ia which tbe fiir market valuc of d�P�oQetty irrunedi�tely.befae the Fatmg is lest than the�a�ount o[tbe sums •
<br /> •.securc+d ima�ely befope tLe tatinE.nnkss Honowa and Lrnder�wise.agroe in wrifmg or�nkss spplica6lt hw
<br /> � ' othawite pavides.tbe pcnoeedq shari 6e apQlied to dm sup�s secured bl►this Sauriry Instnimeut wliether 6r not dre�aas� = _ _
<br /> � �if f6e Pmperty is�ntlo�ed by Bonnwer:a if.�Rer notice by l.enAtr ta8onower dnK the oaademnor.offers w� � -
<br /> aa a�rd P�seltle a cWnt for damages,Bo�owa fa�s w iespad w L.ender wid�in 30 drys aRer t6e�the notice is pvm,
<br /> ' Itader is.aal6orixed W oolkct and appty the�oceeds,at its optian,either to'�arntioa ar t�ep�ir of the Ropaty a to d�e .
<br /> sums s�ecorod by this Security Iasununan,whedur or rat thea dne. �
<br /> Unkss I.ender and$atmwer atlierwise agroe in writin8+ar►Y iPP�ka�on of procads w priacipsl sha13 trot exiend or
<br /> , postpone t6e due due af Eha morphiy gayaaents nefesrcd ta in p�ng�aphs 1 and 2 or chtinge dre artiount of such piyments-
<br /> � 11. Eorrowa Nol�Rda�edi Farbe�raoee Ep I.nder N�t a Waiver. .Extension of d�e time fa payment ar
<br /> modif'�ation of a�rtivtiai of flfe sums sxarai by this Secarrity in�rtunenR g�anted by Lender to any successor in mtaest
<br /> ` . of Bamwa sball nat operace w tekase the fiabiGty oE the aiginal Boccower or Bortuwer�s sucoesso�s in inta+est.l.eoder
<br /> s6�i1 mt be ro�aiRd w caruitience pmceedings agaiast any ntecessor in interest or iefuse to extend time forpayiaene or
<br /> otherwise madify smortuariau of tbe sums secuc+ed by this Savrity Instruman by reason of any dema�id made by tUe orig�aal
<br /> . Batvwa oc Bamwer?�s�icceswrs in inte�ea. My forbearu�ce by i.snder in�e�ising my right or nenxdq shall not be a ' •.
<br /> � . waiver d or pecIude the eaer�ise of any right or nmedy. . .
<br /> 12. Sreaa�ws�Aad;�s Boud;Jaiat sei Sevaal UabWty,Co-si�ers. Tbe covenants aod agroements of this
<br /> Securlty L�stNment shall bind.a�ad 6enefM the suxessas and sssigns of I.et�der and Borrower,subject to the prnvisionc of • ,
<br /> parigraph 17.Bomower�covenaats and agrav�ents st�all be ioint and sevetal. My Bomnwer who co-signs this Socurity
<br /> Instrument but does not execute t6e Note: (a)is co-signing this Savrity Instrument only ro mortgaEe grant and coavey that,
<br /> Borrawer�s�tee�st in d�e Pmpeny under tIx terms of this Socurity Tnstrument; (b)is not persatatty ob�iigated to paq th�svms
<br /> • secn�ed by this Savriry Inshu�nenr,and(c)ag�+ees that i.cnder and any other Bomower may a�nee to extend,modify,`fotbear '
<br /> or maice any accommuda6ons with teSard to tl�cc tertns of this Security Instrument or tlie Nate without tt�at Bo�wer'�
<br /> � consen� �
<br /> � 13 Lo�n C6ar�es. .If the loan secured by this Securiry tnstrument is su6ject to a law which sets maximuin loaa
<br /> charg�s,and that law_�s fnally interpcetod so that the inurest or other loan charges colla�d or to be coUected in c�mec6on
<br /> with fhe toan eacad the pemutud limits.d�en: (a)anq such iaan charge sbatl be ieduoeci ts�the amonirt mcessazy to toduce -
<br /> the cha�ge to the g�mitted limit;and(b)any sams already collected from Boirower whicTi excceded permitted limits will be
<br /> �� refu�ded to Bom�grer_Lender may.choose to rnake this refund by ieducing the principal owed under the Note or by making a
<br /> :di�ect paymenf t��rtower. If a re�und reduces principal,the reducuon v�n'�1 be treated as a pafiaFprepayment w�thost eny
<br /> pnpaybnent clmrge u�ter the Note. ' �
<br /> 14. Notipes. Any notice to Bortower provided fos m this Securiry Insdument shall be given by delivering i¢.or by
<br /> mailing it by fisst ciass mall unlzss applicable law requi�es us�of another method.The norice shaU he duected to the Po�ape�ty
<br /> Address or any other addtess Borrower desigr�ates by notice ta l.ender. Any�notice to Lender shall be given by fsis€ciass ,
<br /> mail to l.cndcr's address stated herein ar any ot�ec address Lender designates by natice to Borrower. My notice ptovided for
<br /> in this Securiry Instrument shall be deemed ta have been given to Borrower or Lender when given as provided�in this
<br /> ��1,5 Governing Law; Sever.lbillty. This Security Instrument shall be govemed by federal law and the law of the
<br /> jurisdiction 9t►which the Property is located. In the event that any provisian ar clause of th➢s Security Instrument or the Note
<br /> conflicts with applicable law,sucl�canflict sha19 not affect other provisions of this Security Insuument or the Note which can
<br /> 6e given effec{a�itltout the confiicting proviss�n To this end tfie provisions of thi,Security Instrument and the Note are =
<br /> declared to be severa�le. _
<br /> 16. Borrower�Copy. Bbrrower shall be�iven one confortned copy of the Note and of this Security lnstrumenc. . -
<br /> 17. 71ran.4ter of the Property or a Benefldal lnterest in Borrower. If all or any p��?�the Property or any im��:�i;� . _
<br /> it is sold or uansferred(or if a beneficial interest in Borrower is sold or�ransfernd and 1f�a:rower is not a natura8 pc:.son) `
<br /> . withaut L.ender's prior written consent.Lender may.at its option.reyuire immediate payment in fu(!o5all sums secured by ' =
<br /> this Security Instrument. However.t8is optio�sha11 not be exercised by Lender if exercise is prohib'ri�d tsy fedGral law as of • _
<br /> the date of this Security InsmJment. -
<br /> lf l.ender exercises this opcia�n.Lender c7�all give Barrower notice of'acceleratiot�: The notice sha11 provide a period of
<br /> not less than 30 days from the da:v adbe notice is delivered ar mailed within which Borrower must pay all sums secured by this =
<br /> Security Insm�rr�e�t. lf Borrower faiis to pag+ these sums prior to the expiration of this period. Lender may invoke any _
<br /> . temedies pemiiatrc��y this Security Instrum�s without further notice or demand on Borrower. �. •
<br /> 18. Borrower's Rlght to Reinstate. If Barrower mee45 cenain conditions, Botrawer shall have the right to have
<br /> enforcement of t�iis Securety Ilrss�rriment discontinued at any time priar to the earlier uP: (a)5 day�:(or such other period as �
<br /> •' _ Sa�t:�amily••Fannk MaelFicddk Mac UNIFORM ItiSTRllbtE1VT••Uniform Cuvenanc� 9l9� IpaRe 4 oJ6 pages) -
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