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<br /> condemn�tion or other W�Ly{of any�wt of the Propeny.or fa carvey�nce in lian of cademn�tlon.ac�e hec�eby�ui�ned�nd
<br /> �hall be paid to Lender.
<br /> In the event of a total Wc�ng uf the Pnnperty.the proceed+ Rlui� be +iPPBed to the sums secured by thu Secu�ity
<br /> Instnunent.whether ur not then due.wlth any excecs psid to Bortuwtr. In the evont of a partial talcin�of the Pr+operty in
<br /> which the f�ir m�rket v�lue of ttw Property immediauly beforc tlx aking i�oqual to or gnater than tho a�ncwnt of the wma
<br /> secut�ed by this Socuriry Insuument immedtately bcfore the talcing,unless Botrower and l.endcr otherwise agroe in wridng,
<br /> the sums socuc�ed by thia Security Insdument ahAll be e�educed by the arr�ount of the procoods mulNplied by the foilowinY
<br /> -_� �__� fraction: (a)the total amount af the sums cecured immediately before the taking,divided by(b)the fair muicet value of the _
<br /> -- Hvperty immediately before the taking. Any balancc shall be paid to Borrower. In tix event uf x}wrtial wkiiig of tt�
<br /> _- P�operty in which the fair market value of the P��operty immediately before the teking is lesa than the iunau►t oF the sums
<br /> secured lmmediately bcfone the taking, unlcss Borrower and l..ender othetwise agrco in writing or unkss �pplicable law
<br /> atherwfse provides,the proceeds shall be applied to the sums sxured by thic Security Instrument whether or not the suma us
<br /> then due.
<br /> __ __ _M— If the Property is abandoned by Harrower.or if,after notice by Lender to Bomnwer that the condemnor offers co meke
<br /> ________— an award or setdc a claim for damages,Borrower fails to rcspond to Lender within 30 days after the date the notice is given,
<br /> - ----" L.ender is authorized to collect and apply the proceeds,at hs option,eittter to restorution or repair of the Property or to the
<br /> --- __ :;r�.�itia� sums secured by this Securit,y Instcument,whether or not then due.
<br /> Unlcss Lender and Borrower othenvisc agree in writiag,any applicution of proceeds to principal shall not extcnd or
<br /> ___ postpone the due dute of the monthly paymcnts refcrred to in paa►g�aphs 1 and 2 or change the amouat of such pnymcnts.
<br /> -�--�*�:��,:�=a I1. Borrower Not Relea�ed; ForbearAnce By Lender Not a Waiver. Extcnsion of the tim� for payment or
<br /> "'"' modification of unarlization of the sums secured by this Security[nstrumcnt grnnted by Lcndcr to any successor in inuoest
<br /> ' ;�. '� f of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.I.ender
<br /> '�'�;�• '� � shal! eot be required to commence praceedings asalnst any successor in interest or rcfuse to extend time for payment or
<br /> '''� '��� ���' otherwise modify amortizution of thc sums secured by this Security Insuument by reacon of any dcmand m�dc by the oriyinal
<br /> N�...��w a.,
<br /> - • -�•�;�'�'s: Botrower or Borrower's successors in intercst. Any forbearance by Lender in exercising any right w remedy shdl not be a
<br /> '��•��ei�#f.'fid� waiver of or preclude the exercisc of any right or remedy.
<br /> � � - 12. Successors and Assi�ns Bound;Joint and SeverAl Liabil(ty;Castgners. Thc covenants and agreements of thjs
<br /> � '' ' - � � Security Instrument shall bind and benefit the successors and assigns of L.ender and Borrower,subject to the provisions of
<br /> ' paragraph 17. Boaower's covenants and agreements shuil be joint and several. Any Borrower who co-signs this Security
<br /> - Instrument but does not execute the Note: (u)is co-signing this Security Instrument only to mortgage,grant and convey that
<br /> BoROwer c intcrest in the Property onder the terms of this Ser.urity Instrumenr (b)is not personally oblfgated to pay the sums
<br /> � secured by thix Security Instrumenr,and(c)agrecs thut Lender and any other Bortower may ascee to extend,modify.focbear
<br /> . or make uny accommodations with resard to the terms of this Security Instniment or the Note wlthout that Borrower�
<br /> consen�.
<br /> 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which se�+ maximum loan
<br /> -_ _-_-� �� ci�u�ge,,ar�d that taw ts fira!!y intcrpreicd::o that the intere�;t or flth•_�loan chuges co!lected or tn he.coltected in ecxmection �
<br /> with the laan exceed the permitted limits,then: (u>nny such loan charge xhall be reduced by the amount necessury to reduce
<br /> the charge to the pertnittcd limit;and(b)any tiums already callected from Borrower which excecded p�:rmitted limits will be
<br /> � refunded to Borrower. Lcnder muy choosc to makc this rcfund by rcducing thc principal owed under the Nate or by making a
<br /> direct payment to Borrowcr. If a refund rcducet principal,the reduction will be treuted as a paniai prepayment without�ny
<br /> • prcpuyment charge under thc Note.
<br /> ? 14. Nottees. Any notic:e to Borrower providcd for in ihis Security Instrument shull be given by delivering it or by
<br /> � . mailing it by�rst da+s m•ril unless applicuble luw requircti use of anothcr methcxl.The notice shull be directed ro the Property
<br /> ° Addmss c�r rny othcr uddresx Borrower designates by nciti�:c to Lcnder. Any n�ticc to Lender shall be given hy first clnss
<br /> �� mail to Lender i addre.s stated hcrcin or any othrr addres�Lendrr desipnate+by nutirr to Borcower. Any notice provided for �-
<br /> � in thi� Srruriry InStrumPnt �hall he dcrmcd tii hz►vc hean given to Borrowcr or Lender when �iven nti provided in this
<br /> � � parugraph. _
<br /> . iS. (:ov�ernin� I.t�w: Severs�bility. Thiti Srrurity bnirumert shall tx�govemeJ by frderal luw and Ihe law of the
<br /> � jurisdiction in which the Prop�:rty is Icx:uted. In the evrnt thut any provi+ion or rlautir af thix Securiry Inztrument or the Notc
<br /> .� ' conflicts with applicahle law,wch conflict+hall not uffect other provi.ions of thi�Srrurity Instrument or the Note which can �.:.
<br /> ' lxx given effect withuut the cuntlicting provitiiun. Tii thi�rnd the provi�iom of thi� Seruritq Instrument und the Note ure
<br /> declared ro bc severahle. _.
<br /> 16. Borrower's Copy. Borrower shall hr given on�cunfonnrd rupy ot'thr Ncitc and of thi.Sccurity Imtrument. —..
<br /> 17. 1YAnsfer of the Property or u Bene�iciui interext in Bnrrower. If:dl ur any pan af thr F'ro�xrty ur uny intcrest in _
<br /> it i.,old or tran+f'crtcd 1or if u txnrfi�iat intrrc,t in I3urru���cr i��t�ld��r tran+frrrcd and 8�>rrowrr i. nnt a namrsl penonl �,,.
<br /> without Lrndcr:prior writtrn cun�cnt. l.cndrr ma�•.at it,apli�m.rryuirc immrdiatr paymcnt in f��ll uf all ,ums�ccurcd by
<br /> thi+Securiry Instrnntcnt. However,thi�optiun.hull nut lx rxerci+ed by Lender i(�xrtcitie iti pruhihited by tedrrul law us of ��-_
<br /> thc dutc��f thi�Security Imtrumcnt. —
<br /> � H'Lrnder exerci�es thi,opt�on.Lrnder.h:dl givr Horciiurr nottrr uf arreter:uion. The natirr tihatf pn�viJe a �xri«1 ot �-
<br /> not Ics�th•rn 3Q day�from thr datc thr nutirr i.drli���rcd or mailcd within��•hirh Hurn,a•rr mu.t pay all,um.,erur�d hy thiti
<br /> '. Scruriry Imtrumcnt. If Bonawrr failti to pay thetir ,tnm pri��r t�� Ihc cxpirati�,n nf thi+ �xnuJ. l.cndcr muy inv��kc uny
<br /> remedics�xm�itt�d by thiti Srcurity In.trum�nt w•ithuut furthrr nuticr ur demand un H��rm��cr. �
<br /> � 18. Borrower's Ri�Ght tn Reintitate. It Hurruwrr mcch nnain rundinun,, I�nrro�tirr.hall ha�•r thc right to have �
<br /> � �t cnforrement of thi,Srrurity In,trununt di,r�,nunucd at am umr pri��r tu th�carlirr��L• i;i1 5 da�,Ior.urh other �xri�xl a�
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