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<br /> condemn�tion or aher t�IcL��of any p�ut ot ih�PropeRy,or far conveyanoe in lieu of condemnatlm,are hercby�wi�ned�nd
<br /> stull be paid to I.ender.
<br /> In the event of a total t�lcin�uf the Property, the proceeds shall be Applied to the sums secutrd by this Security
<br /> = Insuvment,whether or not then due,with w�y�xccss paid to Borrowcr. In the event of a pzutial taking of the Fruprrty in —��
<br /> which the feir market vsilue of thc Property immediately befo[e the taking is equnl to or grc.ater than the amount uf the sums
<br /> �xured by this Securiry Inswment immcdl�tely beforo the taking,unless Borrower and Lender oth�nvisc agree in wdting,
<br /> tbe sums sccurcd by this Security Insuument shall be rcduced by the amount of the prxeeds multiplied by the following
<br /> '-���"""i�='°�`'' fraction: (a)thc tot•rt umount of the sums secured immediately beforc the taking,divldrd by(M)the Pair mnrket value of the . _
<br /> Property immediatety before thc taking. My balance ahull be paid to Borrower. In thc event of e pattial taking of the
<br /> __a PropeRy In which the fuir market value of the Praperty immediutely before the ta{cing is lcss than thc amount of the Fums
<br /> secared immediutely bofarc the taking, unlcss Borrowcr and Lender otherwisc agree in writiug or unless applicable law
<br /> _m______� otherwise provides.the proceeds shall be applied ta the suma secured by this Security lnstn�ment whether or not tha sums ure —
<br /> —.._ _ _____��._— thcn due.
<br /> If the Property is abandoncd by Horrower,or if,aftcr natice by Lender to Borrower thot the condcmnor offen to make
<br /> - __ un awurd ar settle a claim for damugcs,Bortowcr fails ro respond to Lender within 30 days after the date ihe notice is given, � _
<br /> Lender is autharized to collect and a}�pl.y the procecds,at its option,either to restoration or cepair of the i�ropr.rty or to the
<br /> — ---- _ sums secured by thiy Security Instrument,whether or not then due.
<br /> Unless Lender and Bortower othcrwi�c ugrcc in writing,su�y applicntian of proceeds to principal shull not extend or
<br /> --���� postpone the due date af the monthly puyments referted ro in puragraphs I and 2 or chunge!he umount of such paymentti.
<br /> -�--��-— I1. Horrower Nul Released; F'orberrAnce By Lender Not s� Wa(ver. Exten+ion of the time fi�r puymcnt or
<br /> �� maiiGcation af umanii.ution of the tiumx,ecured by this Secu�ity inztrument grnnted by Lcoder to uny+uccessor in inter+ext
<br /> ,.� ,� '.. of sorn�wer xhull not i�perutc �a n�lcux �hc liubility of the orlginul Bcxrowcr ir. Borrnwerk zurccsu�rs!n intercst. Lender
<br /> :t��:,.:s��.�:i t �hull n�H ix:rcquired to cotnmence pn►rredin�;ti uguimt ;u�y zuccesror in interext or refuse w extend timc fur puyment ur - -
<br /> ':�,��:�;,�+�,,;, atherwi,c mudit'y um�►rtiruti�Hi�►f'the�um+�ecured by this Scrurity Instrumcnt by reason of uny demanJ mudr:by thc original _
<br /> •r•r;,: f:��=,- . Born�wc�or Horrowcr ti zuccc,.or,in interetit. Any ti,rheurunce by Lcndcr in cxcrcixing uny right or remedy xhull nat bc a
<br /> : wuivcr of or prerludc thc cxcrciur of uny ri�ht or remedy.
<br /> ��;..,,-., ...,;,.�...� l2. 5urresson�wnd Ax►i�nx Baund;]ulnt wnd SeverAl Liability;Caslgners. Thc cuven�nts und ngreements of this __
<br /> � � Security In�trument shall bind nnd benrfit thr xucce�non und a+signx of Lender und Borrower,subJect to the provisions of ___
<br /> : ' • -•_ �� paruga►ph t7. Borrowcr+covcnunls und ugrcementx shoU be joint and xcveral. Any Borrower who co-signs this Security �'
<br /> ":.rt ' ,f_4y.�� instrument but doer not executc the Note: (n) i.r•co•tiigning thiz Security Instrument only to mortguge,grunt:u�d convey thut _
<br /> - � • Borrowcr'x intercst in the Pmperty under the tcrms of this Security Instniment; (b)is not personally obligated to pay the su�ns
<br /> F�__�:. sccurcd by this Securiry Intitn�ment;und(c)asrees that Lender und any other BoROwcr may agree to extend,modify,farbesu ��-•-
<br /> , or mal:e uny uccommodations with regurd to the terms nf thix Security Instrument or the Note without that Borrowert
<br /> �� • consent. _
<br /> •,,;r,*-'�,+�•,� __ 13. Loan Chargeis. If the loun secured by this Security instrument is tiubject to u luw which sets maximum loun =
<br /> ' charges,and that luw is finally interprcted so that the interest or othcr loan charges collected or to be collected in connection
<br /> with the ioun exceed thc permitted limits,tlx�n: (u)any tiuch loun charge xhalt be reducrd by the umount necexxary ta reduce
<br /> the charge to the permitted limit;und(b)uny xum+ulre•rdy callected from Borrower which exceeded permitted limits will be ____
<br /> rcfunded to Dorrower. Lender muy rhoo,e ro makr this rcfund by reducing thc principul owed undcr thc Note or by making a —
<br /> direct payment to Borrower. [f u refund mduces principul,the reduction wiU he vrated us a purtial prepayment without uny E—,-
<br /> prepayment churgc undcr thc Note. __
<br /> 14. Notices. Any noticc to Borruwcr pravided for in this Security Instrumcnt shull be given by delivcring it or by
<br /> � mailin�it by fint clusx mail unle,s�pplicable I�w requirez u�c of anothcr method.Thc notice shall be directed to the Properly —
<br /> -- Address or any other uddress Borrowrr de�ignatrs by noticr to l.rndcr. Any nuticc tu Lender xhull tx given by tirst cluss - -
<br /> _ mail to Lender z uddress stutcd hcrrin or any other addrex,Lender dctiignateti by nuticc to Bonowcr. Any notice provided fur
<br /> �;: in this Sccurity Instrumcnt sha►II Ix dcrmcd to huve been given to Borrowcr or Lender when givcn as provided in tbi� ���
<br /> ,-: pan�graph. ___
<br /> ;� 1S. (:overnin�Lyw; Severabiflty. Thi+Sccuriry Instrumcnt �hull tx� gcwrrnrd by fcderul luw and thc law af�the . -
<br /> jurisdiction in which the Property iti I�xutcd. In thc event thi�t a�ny provitiion or clau,r ot'thiti Sccurity Intitrument or the Note
<br /> �, conflicis with upplicable law,such crniflict�hull not c�firct other provisiom��t'thi.Secu�ity Imtrument or the Note whinc�an �'.
<br /> , be given effect without the contlicting provi�ion. Ti�thi�end thc provisions ut'thiy Srrurity Instrument und the Note ure ____
<br /> deClAred to be xcvcrabl�. --
<br /> � . 16. Rorrowcr's C'apy. Bormwcr�hall tx given unr confumird rupy of thr Notc and uf thi�Srcurity In�trum�nt. •_.
<br /> -• � 17. 7Yunsfer of the Property or a Beneflciul lnteretit io Burrower. If aU ur any part��f thr Pro�x rty cir any int�rcst in '�
<br /> it is sold or transfrrred (or if a txnrfirial inten.t in Borre�w�r i>>nld or tran.f'rrrcd and Borrower i�not u natural penon) -_.
<br /> _ without Lrndrr ti prior writtcn ronxnt, Lrnd�r may,iU itti opti�m.rcyuire immeJisue paytn�nt in full of all tiums�ecumd by
<br /> -- � thiti Security Intitrument. Howcvrr,thi�c�pti��n xhull nat he cxcrcixeJ ny Lendrr if rxrrcix i.prohibited by fcderul luw;is of
<br /> the dnte nf this Securiry(mtrument.
<br /> . If(.cnder cxcrciscs thi�option.Lcndcr shall Eivc 8orrowcr notirr uf ucrrlrr.itiun. Thc nutirc xhaU providc a perial of
<br /> ? not lcss than 30 duys from thc Jutr thr noti�e i+drlivcmd ur ma�ilyd within whirh Hurro�►cr mu�t p:ry all,um,xcurcd by this
<br /> _ Security ]mtrumcnt. If'Borrowrr faih t��p:ry thr.r sum. pri�+r tu tl�e rxpiratiun uf thi+ �xriod. Lcnder may invoke uny '
<br /> . remedies perntitted by thi+Security In.trument w•ithout further noticr nr drm.�nd un Norrowrr. �'
<br /> -- 18. Borrower's Ri�ht to Rcinstute. It'k3urro��•.r mect� ccrtain cunditiony, Borro��rr tihall havr Ihc right to huvc
<br /> . , � enforcement of thix 5ecurity in.trumcnt ditic��ntinued ut any time priur to thr rarlirr ut`. (:U 5 Ja}•.tur wch other �xriod u+ :
<br /> timglc hamily••F�nalc�1wc/Freddlc�tnc Cti1M'OR�t 1\ti'fNl'S1F.V'1'• l�ndunn('o�rnant. Y�40 1�h7��d n�b�k(tCV �
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