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<br /> --- 94 100993
<br /> condemnuion or ather t�(cin�of�uty p.rt of 1he Prapeny.ar for canvayanoo in lieu of ca�demnwion.aa hereby�niQnod+utd
<br /> �hdl be p�id lo L.et►der.
<br /> 1n Ihe ovent of� total twking of thc f'�opeAy,thoproca ds ahall be applied to tlu xuma scocured by this Security
<br /> - Instrumenl. whether or not Uien due�wi�h any oxcexA pai td o Borrower. la the cvent of u pnnAfel lakine of thc Propeny in
<br /> - _ ---- which tbc fair market valuc of the Property immcdivtcly bef�rc Ihe tuking is equol ta ar grea�er thun Ihe amount of the xuma
<br /> ;;� securcd by thia Secudty Inalrumem immediutely befcKe the tuking,unlesa Barrawer und Lender othenvise agrce in w�fiing,
<br /> �=�_ _=----- the sumr securcd by thir Saurity In�trumenl ehall bo reduccd by Ihe amount af�he procerdx multiplied by ll�o fbllowing
<br /> -= � ° - -��-� fructiun: (u)thc totul umaunt uf the sums serurcd(mmcdiaicly lxPorr the lakiog,divi�ecl by(b1 the iair market vuluc of Ihe �
<br /> _'�,.� Propeny immediptcly boforc 1he�uking. Any balvnce �hall be puid �o Borcower. lo the eveni oi u purlful taking of thc
<br /> PropeRy in which the fAir merke�valuc af Ihe I'�nperty immediutcly bePorc Ihe taking ix less thun Ihc rmiwnt uf the sum.r
<br /> -�-�+��� securcd immediatcly bePore the taking, unleRx BaROwcr und Lender aherwi�e agree in writing or unlexw Applicable luw
<br /> �"�°-'°="=°'� aixrwiise p�+nvide�,�he procads ahall be upplied to the xumc xecured by this Secudty Inslrumen�wheiher or nal the ruma arc
<br /> ,.-_� � i, .- �hen due.
<br /> "-` If 1he Property is ubundoncd by Borruwcr,or if,after notice by Lendcr to Barmwer that the cc�ndemnor affers lo make
<br /> --=''�°'o�T . un awurd or senle a claim for damages,Barrawer iuils to respond to Lender within:�0 days ofter Ihe date the nolicc i�gfven, _
<br /> - Lender is autharlud to collect and apply thc prcxeedc.At it�option,cither la rextorutian or repair of the Properly or 10 the _
<br /> '�:� . • � .���;,�,� sums secured by this Securlty Inqtrument,whether or not Ihen due. -
<br /> ' ° '�'�' `�� Unkss Lender und Borrower othnnvise agree in wriling,any npplicatian of pmceedx to principAl shuli not extend w
<br /> '����"�-�'��• ��� postpono the due dale of�he monthiy puyments referned to in purAgraphx 1 und 2 ar chunge the umount of such poyments.
<br /> '° ' ��'� �'�' 11. Barower Not RekASedi Fa'bearAnce sy I.ender Not A Walver. Ex�enyian oi the time t�u payment or
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<br /> �!�;5�'�'`., modiflc�ion of amortiration of t6e sums secured by thix Security Inctn�ment grunted by Lender to ony xurcexsur in imcrcr�t
<br /> " Y+t•.?:-`,� .;h
<br />_ _ ��;'�,,,,:';.�„• of Bomower shull not operute ta rcka�e the liubility of the original Borrower or Bormwer4 sucres+Qr� in inlerest. Lender
<br /> . 6�.;_�..:„• '- . shull noi be required to commence proceedings ugcunst uny succe�sor in inlerrat or refu�e�o extend time for pu��ment ur �
<br /> " ���;��!^� -•; .';;,•�, otherwise modify amoriiwtion of the sums secured by this Security Instrument by reuson oi any demand mude by the originul
<br /> ` '..� `'+•� .:���. • Borrower or Borrower's successora in imercs�. Any forbeurs►nce by Lender in exercising any right or remedy shaU oW be u
<br /> `'�` �'; t`' waiver oi or preclude�he exercisc of any right or r+emedy. _
<br /> . :.�:.�,..;p�_;_;F:'��• 12.Successor�and AsslQns&wnd:Joint w�d 5everAl LiAbilityt Casigners. The cavcnants�nd agrcements of thix -
<br /> _��y h;.' Secu�ity Inxtniment xhall bind tu�d benefit the successors and ussignR oP Lender und Borrower,subject to the provisions of
<br /> .,r�+.,���•.�, puregraph 17.Borrower'x covenenta and agreementx xhnll be joint and severnl.Any Bomower who co-xigns this Securiry
<br /> ' '.`% � Insuument but does not execute the Note: (a)is co-signing this Secu�fty Instrument only to martgage.grnnt und convey thot
<br /> � •. •�• � Borrowak interest in the Properiy under the tcrms af this Security InstNmem; (b)fs not personally oblignted to pny the sumw
<br />, `�� ,.�:- '•,����r;� �:`b . secured by this Secur�ty Insuument;and(c)agrees tNat Lender and uny other Borrower mny agree to extend,modify,forbeur d:
<br /> '!�''j':;;' , • :�:? or make ar�y acrnmmodations with regazd to the termr uf this Security Instniment or tho Note wlthout thet Borrower's
<br /> ,�ilr�+�r.•�;;n��r..• ' conxent.
<br /> __— _�:�i��+{:.� 13. l.onn C6or$es. If�he loan secured by thiti Securiry Imtrumenl is xubjeci to u luw whwh �r4�c maximum luan °
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<br /> .,,,;:..�,,,, t churges,nnd that law is finally interpreted xo that the imerest or a�her laan chargeg callected or to be coiiec�ed in cannectian
<br /> ''� '%��"�%�' � with the lonn exceed the permi�ted limits,then: (ul i►ny such loun cha�ge shnll be reduced by the nmount necesu►ry to reducc
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<br /> '"'�'•'��`` �• ""` the chnrge to�he permitled limir,and(b)any sums Alreudy callected from Borrower which exceeded permitted limits wfll be -
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<br /> : . •�., , , .;:� refunded to Borrower. Lender may chao�e to muke thi.r•refund by reducing�he principal owed under the Nate or by muking u
<br /> . . direct payment to Borrower. If u refund reduces principal,the reduction will be ireated us a puniul prepuyment wilhcwt vny
<br />' .�, , prepuyment churge uader the Note.
<br /> • ,�� ��;.E;�,`, ':�';''� 14� Notkes. Any notice to Borrower provided for in this Securi�y Instniment xhall be given by delivering it or by
<br /> �� ...;,. moiling il by firxt clasx mnil unless upplicuble luw reyuires use of unother method.The notice+hull be directNd to�he Property
<br /> ' � x
<br /> �� � Address or nny other address Bnrrowcr designut��s by notice�o Lcndcr. Any naice to Lender shAll 6e given by fint cluss
<br />,_'`;�� ;�•�• •' � �,+_•��^ I mail to I.ender 4 uddress stated herein or nny other uddres,Lendcr Je,i�!nutes by notice to Borrower. Any notice pmvided for
<br /> -°,: °' ' o.:.;t�y`g ���. in thia Securily Inctrument shuU be dcemed to huvc l�een givcn ta Borrower or Lendcr when given ax provided in thi�
<br /> �''�a, � uragm
<br /> ;;��-�� •r�:�.�-`�- P 1S Governing Law; SeverabfNty. This Scrurity Instrument shull be governed by frderal luw und the luw of�hc
<br /> . ��'=�''y'�"" Jurisdictbn in which the Property is located. In the event�hut any provision or clause of this Seru�i�y Inxtrument or the Nae
<br /> i; , : � -� e..'�5�;• eonfliets with applicnble luw,tiuch cunflict shull nut uffect other provisionr of this Security Inxtrument or the NcNe whieh cun
<br /> " ''' """ be given effect without the contlicting prmi�ion. 7b�his end the provisions of this Security In,umnent und Ihe No�e are
<br /> - '�:1 ' ` ' d.' �'° declared to be severable.
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<br /> .�, , . 16, Borrotver's Copy. Borrower zhall Ue given�mc confornmd copy of the Notc w�J nf this Serurity Instrument.
<br /> .� es•� 1Z 7Y�nsfer of the Property or a Beneiiciul lnterest in Borrawer. If ull or uny purt of thc Property or uny intcres�in
<br /> �' � it fs sold o�transferred(or if u bcncfici�d interesi in Borrower i,tiold or transferred�md 8nrrower is nut n naturul personl
<br /> :� . ` .�,y�„.. � without Lender s prior wriuen cunsent,Lrndrr may,ut its option,rcyuire immeJiatc pnyn�ent in full of ull sums secured by
<br />-_"�- �J-�- �. � � this Security Instrument. However,this option shall not bc cxen:ixed by l.ender if exercisc is prohibited by federnl I�w as of
<br /> :: � �t�rs�� : .:�`. I the deteof this Security Instrument. _
<br /> � �� [t'Lender exercises this option,Lender shall�ive Borrower notice of uccelerution. 77ir naicc shull provide u period of
<br /> �'� �.�,�""l V �,� not less U�cin 30 duys from Ihe dute the notire is delivertid or muiled within which Burrowcr mu��puy ull wmx securcd by this
<br /> '•�,��'. �'.� Security Instrument. If Bomower fuils to pay theu xumx prior tu the expirution of ihis perfod, Lender may invoke uny
<br /> ���, •' ,'_ remedies pem�itted by this Security Inxtrument wilhcwt further naice or demand on Borrower.
<br /> -'� '�E��'�"=��- 18, Borrower's Rlght to Reinstate. lf 8orrower meel+ cenuin candition�. Borrowcr shull have Ihe right lo have
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<br /> �c���.z'� � ' '� enforcchaent of this Security Instrument discontinucd ut imy time priar to the eurlicr of: (a1 5 duys(or xuch�Nher period as �.
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