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<br /> - - -- -�— 34- �oos92
<br /> -�� condemnation or dher Wcin�of any part af Iho Property.or for conveyance in lieu of candemtuuion.aro hereby assi�ed and
<br /> - -------- WwU be paid w Lendcr.
<br /> In the event of A toul taking of the Property. �ho proceeda shell be spplied to the sumx securcd by thia Socudty
<br /> ------= Inauument.whcther or not�hen due,wflh any eacess pa�d to Borrower. In the event of a partial tnking of the Propeny;in
<br /> ,z. which the fair market value of the Propeny immedfately before the taking is oqua!to or greatcr�han the amount of�ha suma
<br /> __ ` `�:-' securcd by this Security inetrument Immediately before the taking.unleag Bormwer und Lender otherwlse ngree in writing,
<br /> �;��� the sums securcd by tbis Socudry Instiument shall bc reducod by the amount of the proceeds multiplied by the following
<br /> .;. � ' ,,�_;:�'•,�µ?t- fcaction: (a)�he rotal amount of�he sums secuned immediately befare the taking,divided by(b)the fair market value of the
<br /> ,•�,�``��, PropeRy imtnedlately beforc the taking. Any balance shall he paid to Borrower. !n 1he event of a partial taking of Ihe —
<br /> ^� 7�- ����',8�'Y�•'•�: Property in which the fair market value of the Property immediately before the taking is less than the amount af Ihe aums
<br /> =='y • �'1:.'�""`�'� secured immodiately befara the taking,unless Borrower and Lender otherwise agree in writing or unles�applicable law
<br /> ��s�,��*y�,�Y�k 4�; : . otherwise provides,lhe pracaede shell be applied to the sums secured by this Securiry Inatrument whether or not the�ums are
<br /> _ r�<� �p�:.i)f.,::,�y;; thcndue.
<br /> -`- — '^4''��' c If the Pro is obandoned b Horrower.ar if,efter notice b Lender to Borrower that the condemnor offers ta mAlce
<br /> -_ "'"�:-• � "�.v� PenY Y Y
<br /> r_ .��:_�,K'" •. �•d.•�... an uward ar settle a claim for damages.8orrawer fuils to respand to Lender within 30 dnyx at'ler the dute the notice i�given, �_
<br /> _ �,;�' � � L.ender is au�horlud to colkct and apply the praceeda,A�ilx option,either to mworotian or rcpair of the Propeny or to the
<br /> � -��" �'�s•`�=:^-"�' suma securcd by�his Security instrumem,whe�her or not�hen due.
<br /> �'�'"� Unlexs Lender pnd Borrower atherwixe agree in writing,any application of p►oceeds tu primmipal�hall na extenJ ar
<br /> •""�_� ���,� `' � � 1 ne the due date of the munthl u mente referred to in uru ru hs I and 2 or chan e the omuum of xucb u menlK, �
<br /> ,.-,�,.:. ' p�+po Y P Y p 8 P B P Y
<br /> � 'y� '`'`�' 11. Bon�ower Not Releas�d; Forbepmnce By I.ender Not A N'plver. Extensian of �hc lime far poyment ar
<br /> -�er.�;, r, . �.:.
<br /> '•• ,��+,4 madiflcptian af umoAization of the suma secured by thix Secudly Inatrument gmnled by Lender to ony xuccexsar in in�erex�
<br /> '�"`°'"'�°'�` ' '. af Bormwee shall na aperate to releaxe the IiubNi�y oP the original Barower or Bamowerl�succes�rx in interesl. Lender
<br /> , �, •.
<br /> - �- ���•� ' xhall not 6e reyuircd to commence praceeding�ng+�in��nny succekvor in interest or rrfuse �o ex�end�ime for payment ur �_
<br /> ^ �' athenvisc madify amonizAtlon of Ihe sums r;ecurcd by Ihix Security InKirument by reuu�on oP any demitnd mude by�he odginal __
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<br /> . -n �--; •� Borrower or Borrowerh�►uccessors in in�crexl. Any forbeurunce by l.ender in ezercising uny rlght or remedy shull na hc u
<br /> •� ' ' � waiver of or preclude the exercise of uny right or remedy.
<br /> � � `Ir• , , 12. Successor�aqd AssiQns Boundt Jolnt And Severall.inbOlty;Casigoere. Thc covenants m�d ugreemcnts of�his -
<br /> Security Insln�ment shnll bind and benefit the succexson und assigns of Lender and Borrower,su6ject m the provisions of
<br /> � ° ,, . ''` ' piuugmph 17. Borrower�c covennnts nnd ugreementK shull 6e jaint und severAl. Any Borrower who co•signs thi�Security -
<br /> �• �' Instrument but dces nw execute the Note: (a)is casigning this Security Instrument only to mortgage,Qrnnt und convey thut
<br /> .. ;, .>`b"� Borrower's interest in ihc Pmperty under the terms af'this Securiry Ins�rumenl; (b)is not personally obligated ta puy Ihe sums
<br /> ^ r,ecured by this Security Inswmenr,and(c)ugrees Ihn�L.ender und any other Borrowcr may agree to extend,madify.forbenr =
<br /> ; ,• !' � ,��:��: o�make uny accommodelians with regerd m the term�of�his Security Instrument or the Note wlthout IhA� Borrowerh
<br /> , � .
<br /> . . . consent. ..
<br />. � � 13. Loan Cbarges. If the loun recured by thix Secutity Ins�rument is subJect to a luw which sets maximum loun _
<br /> _ -,
<br /> "'" ' ' cLurgc,,uuS ii►at iaw Ir�naiiy inierpreted so ihai ihc inicrcst or oiher loan chatges co!lected or to be�ollected In connectio!!
<br /> with the loan exceed�qe permi��ed limils,then: (ul uny xuch loan charge shall be reduced by the nmount necessnry ta reduce
<br /> ' • the charge ta the permiued limi�;c+nd(b)nny sums ulreudy collected from Borrower which exceeded permiued limi�s wUl be -
<br /> refunded to Borrower. Lender muy choose to muke thix refund by reducing the principul owed under the Nate or by muking a -
<br /> � , � direc�puyment to Borrower. If u refund reducex principul,thc reductian will he treuted us u puhlal prcpayment wilhout uny
<br /> , ;'�� �t prepnyment churge under the Note.
<br /> ; ,,,:
<br /> : ;� � l4. Notices. Any natice lo Bormwcr provided for in thiti Security In�lrument shull lx given by delivaring it or by __
<br /> = mailing it by firs�claxs muil unlexs npplicuhlc luw Ryuireti u,e of unoihcr method.The notice shull be directed to the Pmperly _
<br /> �, � Addrcsx or:u�y olher addresx Burrower drsignules hy notice to Lender. Any notice to Lender tihall be given by tirsl clusw
<br /> �. " � mnil lo I.cncicr�udciress slu�ed herein or any other uddrc+�Lrixlcr designoteti by notwe to Borrowcr. Any notice providcd for �
<br /> 4 •y �.,,,, . in this Security Intitrumcnt shull bc dcen�J ai huvr tx:en givcn ro Brxrower or Lender when given us provided in this _
<br /> -� � .''' ; paragruph' -
<br /> �� -. 15. Governing Law;Severabillty. This Security Instrument xhull Ix govcrned by fede�al luw and the law of the d._
<br /> ,�''f•' � •�r•' urisdictfon in whicb Ihe Pra n i�locuted. In�he evem thut un rovision or cluuxe of this Securit Instrument or the No�e
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<br /> '���, ��"'�, conflicts wi�h applicable luw.such conflic�shull not uffect other pravision.of�his Securi�y Inrtrument or the Note which can ____
<br /> '. '� .F'' � ;. �%;, be given effect withuw the contlicling provi.r•ian. To thix end�he provixionti of Ihix Security Instrument tmd the Note nre ��._.
<br /> ��� � ' � • declered to be severubk.
<br /> � ��.�� 16. Borrower's Co Borrowrr shull Me rven onr conli�m�ed co of the Note und oP thix Securii Inxt�ument. "`
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<br /> � �+ ;,;� � 17. 'Ih�nsPer of the Property or A Beneficial Interest in Bnrrower. If ull ar uny pun of the Property or uny interest in -•
<br /> •�„ ',;'. it is sold or trunsferred(or if u bencficinl intcrc,� in Bomow�r ix soW or�runsfernd und Burrowcr is not u nuturul person) �ti`.�:.
<br /> . ��. ti�,`�??�^,� , without Lender's priarw�itten conxnt,Lender muy, u�it.nption,rcyuirc imn�edio�c paymen�in full of ull wms sccured hy
<br /> �" '- . this Securiry Inslrumem. However,thi�upliun shull not tx:exercixed by Lender if exercixr i.prohibiteJ by 1'ederul law as of =
<br /> A.v+;�<Y�.'. .• the date of this Sccurlry Inslrument.
<br /> '���u' � . If Lender exercius lhis option,l.endcr tihall givr Hurrower n�xice of uccelerution. The no[ice sholl proviJe u pe�riud of •- -
<br /> �� ' ` ° not less thun 30 days from�he dutc 11x:noticc ix deliveRd or muileJ within which Bunower must pay ull sumx secured by this �
<br /> � � �i, u Securiry Instrument. If Borrowcr fails to pay �hcsc sums priar to the expir�tion of�his �rial. L.rnder muy invake uny I: �•-
<br /> t +�Y'4,1 f �"•' remedies permitted by Ihis Sccurity Inxtrument wi�how funhcr nrnirc or demund on&mowcr. 'K�
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<br /> •, �;�• 18. Borrnwer's Right to Reinglute. II' Borrowcr mec1� ccrluin ronditions, Bam►wcr shull huve thc righ� to huvc �;,
<br /> `'' enforaement of this Saurit Inxtrumem discantinucd ut un timc rior�o the eurlier oE (u) S Ju �lor such othcr nod ax
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