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<br /> ccmdcmiutf on or dher takin�of any{wrt of the Property,or for c:anveyanoe io lieu of��on.Viare�by�ci�nod wid
<br /> �hsll be paid to L.eode�.
<br /> In�hc event of� totrl taking of thc Propecty. theproc ad� sh�il be wpplied ro the xume xocurcd by thiw Security _
<br /> Inxtcumrnt. whether or not then due,wtth any excess paid to Borrower. In�he event af w partlal trkin�of the F'roperty in
<br /> -- which ihe f�ir mcuket value of the Property immediately helarc the twking ix cyual to ar grratcr tlu�n ihe amoum uf the Kuma
<br /> secured by this Security Instrument immediatcly beforc the ts�kin�,unle�s Bormu�er and I.endcr othcrwixe��ra in writin�.
<br /> � the sums securcd by this Secudty Instn►ment shwli be rcduced by the Amount af the pmcsodx multipUed My the fnllowing
<br /> ��., fr:ktiw�, (u1 thc towl umount of tbc sums sccurcd immcdiatcYy 6cforc thc taking,dividcd hy(M)thr fnfr markat velue of thr � . .
<br /> •r Property irrunediately befac thc wking. Any bxlunce shall bc puid to Borrower. In the event of r parti�t taking of thc
<br /> ,� Property in which the fair murket valuc of the Property immediutely befarc the tuking is Icss than ttk umount uf ihc xum�
<br /> ---��-=__- --- secured immcdiately befarc the tuking,unless Borrower and Lendcr athcrwixe ugree ln wri�ing ur unlcsa app8cable law
<br /> �-�•-�- otherwiu provides,the proceeds shall be applied ro the sums secwed by this Security Instrument whether or not the aums are
<br /> --�--- ;�� thendue.
<br /> °=—'� _ „.��w��.. If ihe Propeny is ubandoned by Borrower.or If.after notice by Lender to Borrower thut the condemnor offen to make
<br /> -- _�_:--_«:,,;�, un award�r settle a claim tor damages,Borrowcr fuils to rcspand to L.cndcr within�0 days nfter the date the notice is glvcn,
<br /> uy Lender is authoriud to collect nnd upply the pcncceds,at its option,cithc�to restoration or cepuir oi the Property or to the
<br /> _ ---�=;-;'�� sums secumd by this Security Instrument,whether ar not then due.
<br /> ' ��;������,�-` Unless Lcndcr und Borrower otherwhc ugrcr in writing,uny upplication of procecds ta principal xhuU not extend w
<br /> . . �:.�.
<br /> postpcme the due dute of the inonthly puyments referted ta in parogruphti 1 and 2 or cbwige the amount of such payments.
<br /> -- - - ---•�+-�--'�r%� 11. Borrower Not Relea.ced; Forbearance By I.ender Nut A WAiver. Sxtcn.ion of thc timc for payment or
<br /> . �' � modification of amartization of the xums secured by this Security lostrument grunted by Lender to uny successor in interest
<br /> �ir,'.:�;' "„ • • of Borrower�hall not operate to releuse thc liAbilfry af the originoi Borruwer ar 9o�rower'�succeswrs in interest. L.ender
<br /> shatl not be reyuimd to commence proceedings uguinst any successor i� intenst ur rcfux w extand time for pnyment or °
<br /> otherwise modify umonization of the sums secumd by this Security Instrument by reason of any demand made by the origioal 4__
<br /> Borrower or Barrowerk succe,sors in interest. Any forb�arance by Lender in exercising uny right or mmedy shull not be n
<br /> �_ wAivcr of or preclude thr cxercisc of any right or mmedy.
<br /> . 12. Successors And As.ctgns Bound;Joint And SeverAl Liability;Casigners. The covenants and agreements of this
<br /> Security[nsirument shall bind and benefit the �ucce�sors wid Assignx of Lender und Barrower,subject to the provisions of
<br /> • paragraph 17. �3orrower's covenuntr and ugreementz tihull tx joint und several.Any Bnn�ower who co-signs this Security
<br /> Instrumcnt but does not exccute thc Note: (u)is co•signing this Serurity Instrument only to mortguge,grant and convey thai
<br /> Borrower's intcretit in the Property undcr the termx of this Security Inxtniment; (b)is not per�anally abliguted to pay the xums __
<br /> secured by this Security Instrument;und(c>ugrees thut Lender und uny other Borrowcr muy ugme t�extend,modify,forlx:ar
<br /> or rnuke u�y uccommodations with regurd to the tennx of thiti Security In�trument or the Note withaut thut Borcower� _..
<br /> consent. --
<br /> __..._._ 13. Loan Char(tes. If the Inan secured by thiti Security Instrument is subject u� u luw which sets maximum loan �—�-
<br /> _—__._ -- ---
<br /> .. chnrges,and thut luw is tinully interpreted tio th•rt the intenst ar other lo�n charges cotlerted o�to be coltected in connection _
<br /> with the loun exceed the permitted limitti,then: (u)uny surh loan charge.hall be reduced by the amount necessary to reduce
<br /> , the charge to the permitted limit:und(b)uny�umx ulready collected fram Barrower which exceeded pemiitted limits will be �;=_
<br /> refunded to Borrower. Lender may choaze ta makc this refund by reducing thc prinripal owed under the Not�or by making u
<br /> . d'ercet payment to Borrower. If u refund redureti principal,the reduction will tx Irrated u,;►pi►rtiul prcpuyment without uny
<br /> � prep•ryment charge under thr Note. ��
<br /> 14. NMices. Any noticc to Borrowrr provided fur in thix Sccurity Inxtrument shull t+c given by dclivcring it or by �y...,
<br /> mailing it by firtit class mail unless upplirablc law rcyuinti u.c of unothcr mcthcxi.The notice shall lx directed to the Properly .
<br /> �• Address or any othcr addre.s F3urrower dc+i�natrti fiy noticc to Lcndcr. Any noticc to Lender tihull be given by flrst cluss
<br /> �� mail to I.ender's c�ddretix xtuted hrrcin or any uthcr addrc��l.endcr dr�ignau�hy nuticc tu Born�wcr. Any notice provided for �---�-
<br /> �t' in this Sccurity Intitrument shait bc dremeJ to h:rve tx�m given to Borrowrr or Lender when gi�en uc pmvided in thiti :���
<br /> ,`� purugcaph. �t
<br /> (� 15. (iovernin� I.aw: tic��crubility. Thi,Sccurity In,trumrnl �hall Ik govcrned hy tcdcral law and thr law of thc
<br /> juri�diclion in which thc Pru�ny i�I�kat�J. In thr event ihat any provi�ion or clau�e��f thi.5rrurity Insirum�nt or thr Note %r.;
<br /> � conflicts with applicuhlc law,xuch contlict�h:dl nc�t;�ficrt uthcr pruvi�ion�uf thi.Scrurit�•In,trumrm��r thc Notc whirh ran
<br /> . b.^. given effect withoiu the rnnflicting provi+ion. Tii thi.rnd thr proai+iom o1'thi+Srcurity Instnunrnt•rnd the Note ure ��
<br /> • • I declarcd tc�bc sevrrable.
<br /> � � 16. Rorrower's Copy. BorroH•rr�ha�l tk givrn one confumird r��py of thr Nutr and of thi.Srruriry In,trument. `
<br /> 17. 'Il�ansfer of thc Property or u Brneficiul lnteretit in Korrowcr. If;►11 ur.�ny part of the F'ri��xrty i�r any intcrr�t in
<br /> � it is sokl or trunsferceJ (or il'u Ixnetirial intere+t in Borcower i��old��r tran,f'errud.md B��rc<iwrr i.not u n:+turul Exnon)
<br /> � , withc�ut LenJcr�prior writtrn ron�rnt.LrnJer m:ry.at it.uptiun,reyuirr i�nm�diatr payment in full of ull+umti,ccureJ by
<br /> . this Security In,trumcnt. Hawcvrr,tht+uptiun�hull not tx caerciseJ by Lcndcr if rxercisr i�pn�hihitcd hy federul luw ns of �
<br /> � thedatc ol'thi�Srcuriry In,trumcnt. ,
<br /> If Lendcr cxcrci�cx thir option.LcnJcr.hall givr Barruurr notirc uf.ucrlrration. Thc nuticr tihall pruvidc a{x�ricxl of ,
<br /> . not Ics,th:tn 30 duys from thr date thr nuticc i�Jelivered or mailed w ithin whirh Burrowrr mu�t pay aU,um,,ccurcd by thi+ �
<br /> Seruriry In,trununt. If Barr��wrr t:iil. t�� pay thr+c sum, priur tu thc �apir.uion �it'thi� �xriod. Lcndrr may invokc uny
<br /> ,_ remedic��nnittcd by thi.Scrurity In,trumcnt N•ith��ut f'urthrr notire ur drmand un Hurro��•rr. �
<br /> 18. I3nrrt►wer's Ri�ht to Reinstute. If' Burru��•rr nurt. rerhiin runJitiun., f3urruwrr thall h;rvr thc right to havc
<br /> ' : � rnforcement i�t'thi.Scrurity In.trumrnt diuuntinucd at an� timr�ri��r to thr radirr ot: �a►S day.tor.urh othcr�xri�rci uti
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