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<br /> ���� candem�ution or other takL�g of any put of the P�oparty.or fa ca►veyu�oe in lieu of oondanmticsn.�re f�eroby�usiy�ed�nd
<br /> �h�11 be p�id to L,ender. '
<br /> -"� In ihe event o�a tdal taking of the Property, the procads shdl be app�ied to the wms yecured by thiA Secudty
<br /> Instrument. whether or not Nxa due.wlth any exceu p�id to Bomnwer. In the event nf�putisl Wcin�of the Property in
<br /> which the fair market value of tfie Property immedt�tely befo�+e the talcing ia equnl to ar pmeattr thAn ihe amount of the rcums
<br /> �ocurod by this Security Inswment immediatety befora the taking,unbis Bocrower md t.ender otl�rrwi�e a�r�e in wddng,
<br /> __ the aum:securod by this Socudty Instcument ah�ll be rcduced by the urwunt af the proceed:multipliat by the followln�
<br /> - �-��--�----� frection: (a)the tota!�i�nt of thc sam�sccured immcsliutcly befocc thc taking,divided by(b)the frir merket value of the �__
<br /> Praperty immod[ately before the takin�. Any balance:hnli be paid w Borcower. In the event af a partiel Ukln�of ihe
<br /> — Pr�xrty in which the fair marfcet value of the Property immediately hefore the tAlcing is kss than the anxwnt of the sums
<br /> securul immediately befaro the talcing, unles� Bocrowcr and Lcnder othcrwise agree in wrlting or unless applicable law
<br /> otherwlse provjdes.the procads shali be applled to the cwns secund by this Secudty Insttument wfuther or not the sums�re
<br /> then duc.
<br /> - If the Propecty is abandoned by Borrower,or if,after notIce by Lender to Borrower�hat the condemnor offecs ta make
<br /> -- `— an awsud or setNe a claim for clamages,Burrower faIls to respond to L.ender within 30 dnys after the date the notice is given,
<br /> I.ender!s authorized to collect and apply the praceeds.at its option.either to restortuion or repair of the Property ar to the
<br /> — sums secured by this Securtty Instrument,whether ar not then due.
<br /> Unless Lender and Borrower otherwise agree!n writing,any appltcation of prceeeds to principal shall not extend or —
<br /> postpone thc due date of the mo�thly payments referted to in pw�agraphs 1 and 2 or chonga the amount of such payments.
<br /> 11. Burrower Not Released; ForbearAnce By Lender Not n Waiver. Extension of the timc for puyment or
<br /> madlfication of amortization of the sums secured by this Secudty Instnrment sranted by Lender to any successor in interest
<br /> _-`?' of Borrowcr shall not operi�te to relcase the liability of the original Borrower or Borrower�successors in interest. Lendcr
<br /> - �ay��' � shall noc be reyuircJ to cou.,nence p� xe•dings:�.�ainst any successor in lnterest or refuse to extend �ime fur payment or -
<br /> � � otherwi�e madify amortization of the sums secured by this Security Inswment by reusan af eny demand mude by the orlginai _
<br />_= Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be u —
<br /> - � ';��' ' waiver of or preclude the exercise of any right or remedy. __
<br /> �jbi�;��� 12. Successors and AssiQns Bound;Joint s�nd Sever�►1 LiAbility;Co-signers. '1'he covcnants und asreements of thIs
<br /> ' •�-: ' `''``� � Security Instrument shnll bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions of
<br /> . .�,,,,,s,, . ...
<br /> . ��=t �.'N�`i� paragraph 17. Borrower�covenants and agreements shall be joint and several.Any HoROwer who ca-sisns this Secudty
<br /> �, .k,..:,.!",-.�,` . , Inswment but does not execute the Note: (a)is co-signing this Securiry Instrument only to moctgage,grant and convey thut
<br /> .� i`?;�-�'`�,���•�� �� Bonower's interest in the Property under the terms of thiti Securiry Instrument; (b)is not personully obligAted to puy the sumc —
<br /> - �"`"''' � ' "• secured by this Security Instrument;and(c)a�rees that Lender and uny ather Bortower may agree to extend,modify,forbenr
<br /> � .�::�.�.... .., �
<br /> ..�:r.:.�..�, � � or make uny uccommodations with regurd to the terms of this Securiry instrument or the Note without thAt Borrowcr�s
<br /> ' :�'i�:G4i::. consent. —
<br /> w;-.-�� •,.�'
<br /> __ _ _ _ 13. I.oan ('harpPx. 1f the loun .ecured by this Security Instrument is subtect to a law which tiets maximum loun
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<br /> " charges,nnd that law ic finully inte.rpreted so thut the interest or other loan churgex collected or to be collected in cannection
<br /> with the loan excecd the permitted limits,then: (a)any such laan churge tihall be reduced by the umount nece�sary ta reduce
<br /> " the churge to thc pertnittcd limit:und(b)any sumti ulrcady collccted fram Borrower which excccded permitted limits will be
<br /> refunded to Borrower. Lender muy chaose to muke this refund by reducinF the piincipal owcd under the Note or by muking a
<br /> . direct payment t�Borrower. If a rcfund rcduces principul,the redurtion will be treuted as a partiul prcpaymrnt withaut uny
<br /> prepayment chargc undcr thc Notc.
<br /> . 14. Notices. Any notice to Borrower providcd for in thiti Security Instrument shall be given by delivering it or by ���-
<br /> � muiling it by first rlusx muit anlexs applicable I:�w rcquins usc of anuthcr mcthcxl.The noticc shull be directed ro the Property _�_
<br /> � Address or any other addresx Bortower detiignuteti by noticc ro Lcndcr. Any notice to Lcnder tihull bc givcn by first duss _.
<br /> ;� � mail to Lender's addrc..tituted henin or uny othcr uddrexs Lendrr d��ignutcs by noticc tu Borr��wer. Any noticc providcd for �`-°
<br /> •- � in this Securiry Intitrument �hull bc Jcrmcd to hAVC hecn givrn to Borrowcr or l.endcr whcn given us provided in this �`"�
<br /> :� para�raph. __
<br /> 15. GoverninR l.aw: Severobility. This Security Instrununt yhall tx governcd by fcJcrul luw •rnJ thc luw of the
<br /> jurixdiction in which thr Pruperty i,l�xatrJ. In ihr evrnt that uny pruvisian or cluusc of this Sccurity Intitrument or the Nute �"
<br /> ' wnflicts with u licablc law,such contlict shall ni�t affcrt i�thrr mvisions nf thi,Sccurity In+trmnent or Ihc Notc which cun a°�-
<br /> � . PP P �.�,
<br /> , be given effect without the contlicting provitiion. To thiti end thc prnvisions of this Srcurity Instrument und thc Note ure „_,
<br /> ; � declaredto bc sevcrablc. �'
<br /> 16. Borrower'.ti Co Bortowrr tihall Ik �iven one conti�rnieJ co of thr Nute:�nJ��f this Securit Instrument. �
<br /> � pY• b PY Y �:;_.
<br /> 17. 'Ilr�nsfer of the Property ur u BenePciul Interest in Borrower. If all or any part uf thr Pro�xrty ur any intcrost in �
<br /> „ it is sold or trantifcrrcd (or if u Ixnctiri:d intrrc,t in Borrowcr is�old or tramfcn•rd and Born�wrr is not u natural Exr,�n)
<br /> � ,� , without Lender's prior writtcn conscnt.Lcndcr may.:►t its i�ption,rryuire immedi;►tr paymcnt in t'ull uf all xum��ecurcd by ��
<br /> • ' this Security Instrument. Howcvcr,this optiun shs�ll not tx cxcrciscd by Lcnd�r if excrcisc ix prohibiteJ by tederul luw u.i�f
<br /> " the datc of'this Security In�trwnent.
<br /> � If Lender exerci�es this uption.Lendcr shull givr Rorrowcr ncitice ot'accrlrratiun. Thc nuticr tihall proviJe a period uf �
<br /> � . not Icss thun 30 duyx from thc datc the nuticc is drlivcrrd or mailyd within�vhich Aurrowcr mu+t pay all�ums xccurcd hy this
<br /> ' Sccurity lnstrumcnt. IF Borrowrr fi►ilx to pay thrx sum� prior to tlx expiration of thiti fxriod. Lencier may invoke �ny .
<br /> - � remedirs permitted hy thi�Scrurity Instrument withuut further n<�tirr nr drm:+nd cm H��rruwer. 1
<br /> � �" � 18. Rorrower's Rikht h► Rcinstute. If Rcircowrr meet� rrrtain rondition,, Burruwrr+hall h:rvc thc right tu havr •
<br /> �' : 1� enfareement af thix Scrurity Instrumrnt di�cuntinucd:n:iny timc priur tu thr rarlicr uf`. (a) 5 dayti 1��r.urh othcr�x riud u. ;
<br /> _•,, = tiinFlr Familp--Funnk MrNFYcddlc�tuc t'N1Ft>N11 IV1'I'Rl'�lENI'-•t�mtumi t'u.rnnm. 9��11 �p��qr�J a�n�n�gr�� L
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