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<br /> con&mn�tion or whet t�lct�ot u►y put of the Phiperty.ar foc convey�nce in lieu of�natlon.+ro her+eb!'a+wi�nod+i+�d
<br /> �II bc peid to Leodec.
<br /> In the event of• totd twklna of the Propecty, the pracecdx�ball be appfied't�n the suma r�ecured by thie Sxu�ity
<br /> �� Instrument,whether a noi then due,with o►ny Cxc�exx puid to�orrower. In the cvent of u pariial talcin�af thc Property in
<br /> which thc fsir market value ot thc Property immedfAtcly befare the tnking is equal ro or grcater thwt thc amount of thc sums
<br /> secured by this Secu�ity Instrument immodiately before the tnking,unkss B�xmwer and Lender otherwiue agree in wdting,
<br /> _ the aums secured by this Secudry Instrument ahdl be reducod by the amount of the �xoceeds multtplied by the following
<br /> -- fc�;tiun; (a)�w totu►u7oar+t of the sums secured Immedictely lxfurc ihe tnlcing,divided by(b)the fair market value of the L_
<br /> Pronerty immaiiauly beforc thc talcing. Any bnlancc shall bc pnid to Horrower. In the evcnt of a partial taking of the
<br /> Property in which�he felr maticet valuc of the!'roperty immediately before tfie taking is Icss than thc cunount of the sums
<br /> — securcd immediatcly before the wktng,unless Borrower and Lender otherwise agree in wdting or unless applicuble law
<br /> otherwise provides.tMe pmceats shall be applied to the xums sccurcd by this Sauriry Insnument whethcr or not the sumF sua
<br /> then duc.
<br /> If the PropeRy is abandaned by Botrower,or if,uftcr notice by I.ender to Botrower thut the condemnor offcrs tu make
<br /> -- an award or settle a ciaim far datttages.Borrowcr fails to respond to Lendcr within 30 dnys after rhe date the noticc is given, �
<br /> _— Lcnder is authorized to collcct and app{y thc prorecds,at iGs option, either to restoration or repair of the Property or to the
<br /> sums secured by th:s Securi�y Instrument,whether or not then due.
<br /> Unless Lender and Borrawer otherwise agree in writing,any applicution of proceeds to pdncipal shall not extend or
<br /> postpone the duc date of the monthly payments referred to in parugraphs 1 and 2 or change thc amount of such payments. =_-
<br /> --- --- 11. Borrower Not Relesissed; Forbeara�ce By I..ender Not a Waiver. Extensian of thc time far payment or
<br /> .�,�. , modification of amortization of the sums secured by this Security Instn►rnent granted by Lender to any successor in interest _
<br /> - of Hotrower shall not operate to releasc the liability of the orlginai Borrower or Borrower!s successan m inter�st.l.ender
<br /> '��:a�'�"- � shall not be required to commence prceeedings against au►y succes�a in intercst ur refuse to extend time far payment or _-
<br /> otherwise modify amatizsition of the sums secured by this Security Ins►rument by re•rson of uny demnnd made by the originai E;.__
<br /> . ' ,., ::�;: ,.�.t�F►;�:��-; • Borrower or Bonower's successors in interest. Any forbearance by Lender in exercising any right ur remedy shall not be a —_.-
<br /> F= ' °• - . ='' waiver of or preclude ihe exercise af any right or remedy. �
<br /> ��^""w:�::�`f+�'���, , 12. Successorx and Assi�ns Bound; Jaint end Several Liability;Casfgners. The covenants and asreements af this __
<br /> � �,...,.,.�, ,
<br /> � '�� '�' Security Instrument shall bind und henefit the successors und assigns of Lender and Borrower,subject to the provisionti o �__
<br />- l..ti�.. �.... ^ .
<br /> ':"`;'�:�:�=�l��;r'_^'"'`'. parugraph 17.Borrower's covenunts And agreements shull be joint and severul. Any Borrower who co•signs this Securiry �
<br /> ,:�,1: .�. _".,,,�. '.' Instrument but does not execute the Note: (a)is co-stgning this Security Instrument only to mortguge,grunt and convey that
<br /> �� '. ° • Borrower's interest in tha Property under the tcrmx of this Security Intitrument;(b)is not personully oblig:►ted to pay the sums
<br /> ,'•,�r� = '�'aP secumd b this Securit Instrument;and(c)agrccs that Lendcr und any other Borrowcr may agree to extend,modify,forbcar _—
<br /> t.•., 4. �,.• . Y Y =-_
<br /> �:::�d.+�.t.�n� or muke any accommodations with regurd to the tertns of this Security Insirument ar the Note without thut Borrower� —_
<br /> _ �c-�:°:-'�:•:,.,.�r:l,'.�� � consent.
<br /> ,_. .�.«�-•.... � ti, �,�n ('hArgeF. if the loun secured by this Securiry intitrument is subject to u law which setti maximum loim �,,,�r
<br /> r"'�� � charges,nnd that luw is finally interpreted so that the interest or other lo:►n ch�rges collected or to be coliected in conneccion __
<br /> .t.,, , —
<br /> ,�:�� wtth the loan exceed thc permitted limits,then: (a)Any tiuch loan chsrge shall be reduced by the amount necexsary to reduce ____.
<br /> the charge to the pertniried fimi4 unJ(b)uny sums ulmady collected fmm Borrower which exceeded permitted limits will be
<br /> • refunded to Borrower. Lender may chwxe to make this rcfund by reduci ng the principal owed under the Note or by making u
<br /> dircct payment to Borrowcr. If u refund�t:dures principal,thc reduction will he treated as a puctial pmpuymcnt a�ithout uny
<br /> prepayment charge under thc Note. --
<br /> 14. Notiees. Any notice to Borrower provided for in thi.Security Ins�rument tihull be given by dclivering it or by
<br />�t" � mailing it by fint class mail unletis upplicable luw reyuires u+e of another methal.The notice tihuU be directed ro the Propr.rty i�
<br /> .: �,,.
<br /> Addmss or any other addretis Borrower de�ignutes by�ioticc to Lendcr. Any notice to Lendrr shall he given by fint claxti _-
<br /> �'•-'' muil to Lender ti addrcss stated herein or any othcr uJdress LenJcr dexignutex by notice to B��rcowcr. Any noticc provideJ for —e
<br /> -- in this Security Instrurnent shall hc deemed to huve heen given ta�Bcxrower or l.ender when given ati pruvided in thix �`
<br /> :� � Paragruph. �
<br /> • 15. Gnvernin�Law: tieverability. This S�curity Instrumcnt sh�dl hc gvvcrned by fedcral law and thc luw of thc �`
<br /> ` jurisdictian in which ihe Property i�Icxated. In the event that any provi�ion or cl.�uxe of thi.Srrurity Inxtrument ur the Note ��'
<br /> , conflictx with applicable law..urh ronflirt shull not nffrrt ather provision+of ihis Security In�trument or thr Note whinc�an
<br /> be�ivrn et'fect withcwt the conflicting provision. To thi.end the provi�ions of'this Security Instrumen[ and the Note •rm ='
<br /> F declured to tx+everable. ��
<br /> 16. Borrowcr's Cupy. Horrowrr tih:ill fx givcn onc cuntbnncd copy of ihc Nrnr and of thi,Srrurity Instniment. �
<br /> 17. Transter of the Property or n Beneficial lnterest in Borrowcr. If all or any part of th�Pro�xny or any intcrext in �*
<br /> it iti+old or tr+unfened tor if a lxneticial interest in Borcow�cr i.ti�.ld ur traiul'ermd and Burrowir is not a natural person) � _
<br /> ,;'.,;;,' withnut Lcndcr's prior written ronscnt.LrnJcr may.nt itti option,requirc immrdiatr raymcnt in full nf all sums sccurcd by ��_:
<br /> • ' , this Securiry Instrumcnt. Huwever,thix optian shull not tk exrrcixed by Lcnder if exerri.r is pruhibited by fcdrrul law n.of ���
<br /> • the dute of this Srruriry Instrument.
<br /> , If Lender cxrrcitics�his��ption.I.enJ�r xhull givr Burcuwrr notice of accelcrutiun. Th�noticr shall pmvide a periocl of �
<br /> ; �f:� not Icsx than 30 days from thc dutc ihc noticc i,dclivcrrd or mailcd wilhin whKh Borrowrr mu�t pay all .um��crurcd by this F
<br /> ' Security Inytrument. If BuROwrr fail.tu pay Ihr,r sum. prior tu the cxpir.�ti�m ��f thi.�ri�xi. Lrnder muy �nvake any ;
<br /> mmedics pertnitted by thi�Sccurity Imtrument without furthcr nutic��x drrnanJ on Fiorro�•cr. `•
<br /> ` • 18. Borrower'x Rifiht to Rciostate. If B��rrowrr mrct. ccrtain c�mditium, Borruwcr .h:t�l h:►ve the right ti� h�ve �,.
<br /> x ,.
<br /> � enforcemeni of thiz Secunry In.trument diuontinurJ at any timr priix to the carlicr ut: tal 5 days tor.urh othrr periucl as �
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