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<br /> condemnatian or othcr ta{cing of rny put of tho Property.or for conveyu�ce in lieu af condlmnatian�harcb�siY►Kd w�d
<br /> shall bc paid to L.ender.
<br /> In ths event of a totul tRking of the Property, thc proceeds xhaU be applied to the cums�cecurcd by thlx Securlly
<br /> Instrument,whether or not chen due,with any excess paid to Barrower. ln the event of a partial taking af the Propecty in
<br /> which the fair muket valu�of the Property immediutcly beforc the takin�is eyual ta ar grcAtcr than the amount of�thc+um+
<br /> ��_^_^ � r,ecured by this Secur�ty lntitrument immediutely bcfare thc Iaking, unlesa Borrawer and L.ender atherwise u�rcc in wriUng, c
<br /> — the sumc secured by this Security [n.rtrument�hull Ix:r�duced by the amount of'the proceeds multiplied by the following _
<br /> fraction: (a)the[otnl umaunt of the sum►securcd immediateiy beforc the t�lcing,divtded by(b)the fair market vulue of the
<br /> propetty [mmediutely bcfore ihe taking. Any balancc shull bc puid to Borcower. !n the event of a purciul tuking of the
<br /> Property�n which thc fair murkct value of thc Piroperty immcdiutely befarc the tuktng is less than ttx amount af the sums
<br /> ---= sccured immediately before the taking, unlexs Borrower und Lender otherwise agrce in w�iting or unless Applicuble law
<br /> _ otherwisc provides,the procceds shall bc upplied to the sums secured by this Sccuriry instrument whettkr or not the sums are
<br /> -- thcn duc.
<br /> T ������ tf the Property is ubandoned by Borrower,or if,Aflec notice by I.ender to Borrower that the condemnor offers to muke �_
<br /> — an awurd or settle u claim for damages,Barrower fails to rcspond to Lender within 30 days nfter the date the notice ix glven,
<br /> Lcnder is uuthoriud to collect and apply the proceeds,at tts option,either to restoration or rcpalr of the Property ar to the
<br /> � sums secured by this Security Instrument,whether or not then due. ��cution of roceeds to dnci al shull not extend or
<br /> — Unless Lende�•and Borrawer otherwjsc agree in writing,uny app p P P
<br /> postpone the due date of thc monthly pnyments referred to in paragruphs 1 and 2 or chnngc the amount af such payments.
<br /> 11. Borrower Nat Rekused; Forbearance By Leoder Not a W�iver. Extension of the time far payment or
<br /> mcxiification of amortizatian of the sums secured by ihis Security Instrument granted by Lender to any successor I�interest
<br /> t,s�{•;
<br /> of Borrower shall not operate to releasc the liability of thc ariginal Borrower or Borruwerk succcssors in inter�est.Lender --
<br /> _ '��.-�., shall.not be required to commence proceedings ngainst any successor in interest or refuse to extend time for payment or
<br />- � �� •. .
<br /> - ��-�r:;�'i,�.::i;• otherwise modify amortiz:ition af the xums secured by this Sccurity Instrument by reason of any demnnd made by the odginal
<br /> .,� •�~�:,;�'�;;:_:�•:;. Bormwer or Borrower's successors in interest. Any forbearance by Lender io exercising eny right or remedy shnll not be a —
<br /> �'T��`,('7!j waiver of or preclude tBe exercise of any right ar remcdy.
<br /> 1 � •���y'����'t.•`LL,U'' ' ��. Successora and Acvigns Bound;Joint and Several Liability;Ca-signers. The covenants and agreements of this
<br />- ,. �, „ '�%'�s�" A � �� Security Instrument sheU bind and benefit the succersors :uid atisigns of Lender ond Borrower.subject to the provisions of _
<br /> �C;�i,�;s::tK..
<br /> ' ;�:�i;;,•r; • p:uug�aph 17. Borrower's covenunts and agrcemenn shall be joint and severnL Any Borrower who co-signs this Security
<br /> h"i'µ'�•`�'� Instrument but does not execute the Note: (a)is co-signing this Security lnstrument only to mortguge,grunt and convey that
<br /> -1iM�.+:�.. .
<br /> �:?+�';:>,,.•'� � Borrowcr:s intcrcst in the Property undcr the tcrms of this Securiry Instrument; (b)iti not personully o6ligated to pay thc sums
<br /> � " :';G;*''�`:' •�. ' � secumd by this Security lnstrument:lnd(c)ugreex that Lender and any other Bortowcr mAy agree to extend,modify,forbeur
<br /> I��� ' � �� �:+� or muke wty uccommodutions with mgard to the terms of this Security Instrument or the Note without that Borcower's
<br /> ,�:_iaakrw.+:..-.,�. ..d COiiSCilL '
<br /> �• 13. Loan Charges. If the loan secured by thiti Security Instrument is subject to u !aw which �ets maximum loan
<br /> � charges,und that law i.tinatly interpreted�o that the interest or ather loan cha►•ges collected or ta be collected in connectton
<br /> with the lonn excecd the pertnitted limits,then: (u)uny,u�h luua char�c�hall be reduced by the amount necessary to reduce
<br /> : the chur�e to thc permitced limit:und(b)any sums already collected from Barrower which exceeded permitted lim�u will be
<br /> refunded to Bortowcr. Lender may ehoo�c to makc this refund by reducing thc principal owcd under thc Notc or by making a
<br /> direet payment to Bon•owcr. If a refund reduces principul,the mduction will be treatcd ati a partiul prepAyment without any
<br /> ' prepayment churgc undcr[hc Nutr.
<br /> 14. Nottces. Any notice to Borrowcr provided for in this Sccuriry [nstrument shall tx: giv�n by dcliverin�it or by
<br /> • mailing it by first ciatis muil unle.ti applicablc luw reyuire�use e�f unother method.The notice�hall be directed to the Property
<br /> ryr AJdn.s or uny other adJress Borrower de+igniues My notice to Lendrr. Any notice ro Lender shall ix:given by Cirst duss
<br /> --,;,,' muil to Lrnders uddrcs+titutcd hercin ar any other addretiti l.ender detiign:ue�hy noti�c to Boaowee Any notice provided for
<br /> .�• in thi� Security Instrument shall lx dcemcd tc� havc tx�en givcn to eorcawcr or Lender when��iven as provided in this
<br /> � paragruph. —
<br /> I5. GuvernM� Lutv;tie�•erability. Thi� Sccurity (n+trument tihatl tx: governcJ by f'cderal luw and the law of thc
<br /> , � juri,diction in which thc Prupchy iy Icxatcd. In thr c��cnt that any provision or clautic of thiti Security Intitrumcnt or thc Notc —
<br /> conflictti with upplir.ihlr luw.wnc�antlirt.hall not edfrrt othcr provi+ion+of this Secu�ity lnstrument or the Note which can �:,
<br /> � . be given effect without thr rontlicting pruvisiun. Ti�this end the provisiems of thiti Security In�trument and the Note ure
<br /> dcclarcd to lx.cvrrahlc.
<br /> • � 16. Borrower'r Copy. Borrowrr.hall tx givcn�mc cuntumicJ r��py ot thr Notc and of thiy Sccurity Intitrument. -�
<br /> 17. Trunsfer of thr Propertv or a lieneticial Intcrest in Rorrnwer. Ii'aU ur any p:irt of the Property or any interest in
<br /> }� � it i�sold or uansfcrccd t.x if a Ixnchcial intrrrst in Borrowcr i+ +uld or tramt�rrcd and Borr��wcr is not a naturul penon) �`,,.
<br /> � � !. ... withaut Lcndcr�prior wrincn cunxnt.Lrndcr may.at its aptiun,rcyuirc imnudiacr paymrnt in full of all sum�ticcured by � •''
<br /> i:• � this Security Imtrument. Hi�wcver.thi.��ption shall not tx exeni�eJ Ny Lender it'excrctsr i.prohibited by federal luw as of .
<br /> '•�" the dute nf this Securiry Intitrument.
<br /> . [f L�nder rxerriyes this�iptiun.Lendcr,h:dl�i�•e Bortuw•��r nuticc of�creleratian. Thr nuticr shall provide a periocl uf �
<br /> �� � not Ie+s thun 3U dayti from thr datr thc notir�i.dclivcr�d ur mailyd��•ithin which Horrowrr mu,t pay all �ums,ecurcd Ny this
<br /> - .� x,. � Security Instrument. If B��rcnwrr fuils te� pay the�r tiunn pri��r tu the rapirnti�m ol'this peri�xl. Lender muy invoke uny
<br /> i';.,p � rcntcdie+permittrd by thi�Sccuritv(n�trumcnt without furthrr notirc ur Jrmand un KoR��wrr•
<br /> ' 18. liurroeer's Iti};ht to Reinstute. fl' Norr��wcr mcct� ccrt:un r�mdition,, Hurmwcr .hall havr thr right to huvc
<br /> _ enfarcrrnem of thi�Securiry In.trument di,rontinucd at :im timc priur to thr carlirr ot`. cal 5 da)�x lor,uch uthrr peri�xl u, ,
<br /> lingk F:uml} �•Funnlc�tac/Frcddie�1uc I'\IFOR�t l\ti'1'Rl'�IEX'I'-�l'nJunn('a�ctianl, 9�Y11 �p����•J,/h p�rt�'�� ,
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