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<br /> cnedomnation a other t�kin�o[tny p+ut of thc PropeRy.a fa conveyu�ce in liw of ca�ciemnatlon.a�horoby au�l�naf�nd
<br /> �hall be ptid to Lender.
<br /> In the event uf �toal ta�in�of the Prope�ty.thc p�+nceed�shdl be appliod to the sums sxurod by thi� Socu�ity
<br /> Instrumettt,whether or not then due,wlth any excese paid to Aornnwee. (n the event uf�partiai takinQ af ihc P[aperty in
<br /> which the fair muket value of the Propeny immodiately before the talcing is ayud to or�rcuer ih�n the ur�ount of the sums
<br /> eecured by this Securtry Inswment immedi�tety beforc the taking,unkss Borrower w�d L.ender otherwise a�rre in writin�,
<br /> the cums iocu�ed by this Securiry Inswment ehwll be reduced by the amount of the proceods multlplied by the folbwing
<br /> fiaction: (a)the taal amount of the sums socuced immedi�tely befo�the tAlcing,dividod by(b)the f�ir market v�lue of the
<br /> - Propeny immediatt:ly Ix:forc thc wkiug. A�iy b:►lancc shalt 6.,paid to Borrowcr. ln thc cvent of a pnrtIal takIng of thc -� -
<br /> Property in which the fAir mauicet value of the Property immediately before the teking is less than the iunount of the sums
<br /> securcd imnxdiately before the taking,unless Ba�t�nwer and Lender otherwise agrcti in writing or unless applicable I�w
<br /> otherwise provide�,the procads sha11 be applied to the sums zecured by this Secudty Instrument whether or not the sums tue
<br /> then duc.
<br /> If the Property is abandoned by Bormwer.or if,after notice by[.ender to Borrower d�it thc condemnor offers to make
<br /> an award or settk a claim for damages,Borrowar fails to�espond to Lender within 30 days after the date the notice is given,
<br /> ' i-`"°°"-° " --' Lender is authari�l to collect a�id apply the praceeds,at its option,either to restoration or repair af the Property or to the ---
<br /> sums sa:urcd by this Security Inswmcnt,whethcr ar nat then due.
<br /> Unless Lender and Borrower otherwise agre�: in wdting,any application of p�occeds to principal shall ncx extend or
<br /> -��-.--�-�- postpone the duc date of the monthly payments refcrred to in paragraphs 1;u�d 2 or changc thc emount of such payments.
<br /> _ __._,__,...0 11. Borrower Not Released; Forbearana By Lender Not A Waiver. Extension of the time for payment or
<br /> ���� madlfication of amortization of tha sums secured by this Security Instrument granted by I.ender to Any successor in intercst
<br /> �I uf Borrower shall�at operate to�elcase the liability of the original Borrower or Bomowcr� successors in intercst.I.ender
<br /> ., s6a11 not be required to commence prceeedings against any successor in intercst or mfuse to extend tlme for payment or
<br /> , • �.:�,.�`•. otherwjse modify amortization of the sums securcd by this Security Instrument by reason of any demand made by the origin�l -
<br /> - � •'�' ��'�''•�� Borrower or Borrower�s successors in interest. Any forbearance by Lender in exercising any right or rcmedy shall not 6c a
<br /> `„i:,.;
<br /> „ . �:��,•:�'r'�"-`�•� waiver of or prectude the exercise of any right or remedy.
<br /> ' ,• r. ' . 12. Successore sed Assigns Bound;Joint and Several Ltabllity;Casigners. The covenants and ugrcements of this
<br /> ..n,��•�k, r:ii,it
<br /> _ •�,�,�,,,,,,.: ,� ,,, Security Instrument sh�ll bind and benefit the suceessors and assigns af Lender und Borrower,subject to the provisions of
<br /> , psuagraph 17. Bocrower'.c covenants�nJ agreements shall be joint und several. Any Borrower who co-signs this Seeudty
<br /> �,,_;.-�,, .. , - Insuument but does not execute the Note: (a)is co-signing this Security Instrument only to rttortgage,grant and convcy that
<br /> � . Borrower's intercst in the Pcoperty under the termz of this Security Instrument; (b)is not personally obliguted to pay the sums
<br /> ' . secu�+ed by this Security Instniment;and(c)agrees that Lender and;my other Borrower may agrce to extend,modify,forbear
<br /> . or m:+ke�ny accommodations with regurd to the terms of this Security In�tmment or the Note without that Borrower�s
<br /> .;:�;_. . , consent.
<br /> 13. Loan Cha�ges. If the loan secured by this Security Intitrument is subject to u lstw which sets muximum loan
<br /> __. `• . -x?! �•��. charves,and that law I..finally interprcted so that thc interest ar other loan charges collected or tn be collected in connection
<br /> �T� with thc luan exceed the permitted timits,then: (a)any such loan charge shall be reduced by the umount necessary to reduce
<br /> the ch•rrge to the permitted limit;and(b>any sums already collected from Borrower which exceeded pertnitted limitx will be
<br /> mfunded to Boaower. Lender muy choose to m•rke this refund by rcducing the principal owed under the Note or by making a =_-__
<br /> , dircct payment to Aorrower. If a mfund reduces principal,the reduction will be treated as a pnrtial prepayment withaut any
<br /> - t prepuyment charge under the Notc. _
<br /> - 14. Notices. Any nnticc to Borrowcr provided for in this Security Instrument +hall be given by delivcring it or by __
<br /> '��' mailing it by first class mail unlcss•rpplicable law rcquircx usr of unother method.The notice shall be directed ro the Property __
<br /> �, � Addrcsti or any other addrcss Borrower designat�s by notirr to Lcnder. Any notice to Lender shall be given by first clusti
<br /> mail to Lender+address�tated herein or any other uddrrti�Lrnder Je�ignute+by natice to Borrower. Any notice provided for
<br /> ��- • in this Securitv ln�trumcnt xhull bc deemcd to have ixen Rivcn cn Borrowcr ar Lcnder when �iven s+.� provided in thix ��'
<br /> �� paragraph. � -
<br /> 15. Uuvernin� Gaw: Severability. Thiti Srcurity In.trument shall hc govcmed by tecicr•rl luw and thc law of the _
<br /> . jurisdiction in which thc Propeny i.l�xatrd. In thr cvent that any provi�ii�n or clau��of thi.Srcurity Instrumcnt or the Note —
<br /> conflirts with applirablc luw.,unc�onflict�hall ncu aftcrt uthrr provi�iam of thi�Srrurity Intitrumcnt or thc Notc which can `'
<br /> tx given effect without the conflicting provixion. To thi+cnd the prewi�ion.of thi.Security Instrument and the Note are ���
<br /> ' declt+red to lx ticvcrablc.
<br /> 16. Borrowcr's Copy. Borrow•cr�hull lx givrn unc runtiimird rapy ol'thc N��tc and of thir Scruriry In+trumrnt. a-.
<br /> 17. 1Ys�mfer otthe Prope�t��or�Beneficial Intcrest in Korrowrr. If aU ur an�•part of thr Propeny or any intcrcrt in -
<br /> it i.sold o�trumtcrred(or if•r Ixncfirr.d interr+t in Burruwrr i.,old ur trin,tcrreJ and Borrower i.nM a natural�xr,on) �L�
<br /> ., without Lendcr:prior written con�ent.Lrnd�r may.:rt itti optiun,reyuirc imnuJiatr payment in full uf all�um.serureJ by ""-
<br /> � ` this Securiry Imtrument. Howevcr,thi+optiun.hall nut hc cxrni+cd hy Lrndcr if cxcrcitir i�prohihitcd hy fcderal law a�of
<br /> the dutc of this Sccurity lmwment. •
<br /> � If LenJer exerci,r�tl�i+uptiun.Leudrr�hatl�i<< aetirroucr noticr of acrrlrration. Thc twti�t,hsll prex�ide a perirn!o!' °
<br /> �. �- nw Ictis thun 3(1 day+from the Jutr thc noticr i�dcliverrd ur mailyd�►ithin ahich Burro��rr mu.t pa}�all wm.ticcured hy thi+ �,
<br /> � . Sccuriry [nstrument. If Burrowrr fail, tu pay thetic �unn priur t�� lhc crpirati�m ot'thi,�xriixi. Lrndcr nmy imokc uny
<br /> ��, mmedics pertnittrd by thi�Sccuriry In.trumcnt withuut furthrr nuticr ur dcmanJ un Bonu�►cr.
<br /> , , 18. Burrower s RiRht to Reinstatr. It� B��rm��rr mech rertain r�mditiun.. Rorrowrr +hall havc the right to havr �
<br /> � f enforcemcnt of this Sccurity In�trumcnt di.cuntinurd at any tinm prior tu th< <arli�r nt`. I:u 5 day.(ur`u�h othcr�x riod a� r
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