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<br /> candemn�tian or ott�er takln�of any p�ut of the Fh+operty,or for canveyanoe in lieu of caxkmnufon.�+e heroby as�i�ned and
<br /> _ siull be pRid to Lender.
<br /> � In the event of a total takfn� af the PropertY. the Qrocoeds e�h�l� bt APPlied to the auin� �aumd by this Security
<br /> Insuumrnt,whether or nat then due,with any exass ptid ta Bomower. (n the event of r{�rtiwl WcinQ of thc Prope�'ty in
<br /> which thc f�ir market v�Iue of the i'roperty immediatcly bcfa�e the tukiny is eyusd to or grcatrr ihun the wrxwnt of the Kum�
<br /> socur�ed by this Security Inswmem immediately before the uking,unle�Hortower�l Lender c��herwixe a�ree in writin�,
<br /> — the sumR secur�ed by this Security Instrument shall be rcdurod by the amount of the proceedx muldplied by the f�llowin�
<br /> -- fractton: ts►)the total amount of the sums securcd immeCis�tely beforE the taking.divided by(b)the fair market valuc uf ti�
<br /> ^�, Property immediately beforc the taking. Any bulance shall be p�id to Borrower. In the event of K putirl taking of the
<br /> �t�. Property in which the fwr market value of the Property immcdiAtely bsfare the taking is less th�►n thc amount of the sums
<br /> - secured immedlateiy befare the taking. unless Bortuwer and Lender othcrwise agrce in writin� or unleas applicab{e law
<br /> otherwise provides,tht pcoceeds shall be applied ro the sums secured by this Security Insuument whether oc not the xutnr urc
<br /> -� then due.
<br /> -- ------___- lf the Property is abandoned by BorroweG or If,ufter notice by Lender to Bartnwer thut the candemnor offen to make
<br /> �� an award or settle a claim for damages,Borrower fails to respond to Lender within 30 duys after the dute the notice is given,
<br /> --°--•-^�*--��•�� l.ender is authorized to collect nnd apply the proceeds,at its option.eithe�to oesto�xtion or repair of the Pmpeny or to the
<br /> _- �=,�J��:,'�� sums secured by this Secutity Instrument,whether ar not then due.
<br /> Unless Lcnder and Borrower otherwi+e ngree in writing, rny applicution af pracced+to principa!shaU not extend or
<br /> �,��;.{.�:�;.� ,� postpone the due date of the monthly puymen4s refened to in parugrnphs t und 2 orchac►ge the amount of such payments.
<br /> -- — 11. Borrowe� Not ReleaSed; Forbearancc By Lender Not a Watver. 6xtension of the time for puyment or
<br /> '"" � � modification of amortir.rtian of the sams secured by this Security Instrument granted by Lender to any successor m intercst
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<br /> ' � of Borrower shatl not up�ra.: to relc.�e the li.hilrv of ih� original Borrower or Borro�ver's successors in intcrest.Lender _
<br /> "�`��,`�`�� shall not be reyuired to commence proceedings ag�inst nny ,uccessor in interest ar refuse ta extend time for payment or
<br /> ���'�"✓�� '' ' otherwise modify amortizntion of the sums secured by this Security Instn�ment by reacon of any demand mude by the original
<br /> � Borcower or Borrower'.s successars in interest. Any forbewance by Lender in exercising any right or remedy shull not be a
<br /> waiver of or preclude the exercise of uny risht or remedy.
<br /> ��� • ` 12. Successors and Assigns Bound:Jolnt and Several Ltability;Casigners. The covenants and agreements of this
<br /> r ' �� Securiry Instrument shall bind und benefit the successon and ass�gns of L.ender and Borrower,subject to the pravisions of
<br /> ' ' parasraph 17. Borrower's covenants and ugreements shall be joint and severul. Any Borrower who co-signs this Security
<br /> ' • �•• Instrument but does not execute the Note: (a)is co•signin�this Security Instrument only to mortgoge.grunt and convey that
<br /> • Borcower's interest in the Propeny under thc tertn.of this Security Instrument; (b)is not personally obligated to puy the sums
<br /> .. ��` '"�� � c;ecured by this Secu�ity Instrumcnt;and(c)agrees that Lcnder und uny other Borrower may ugree to extend,modil'y,farbear
<br /> , or malce any accommodations with regard ta the terms of thi+Security Instrument ar the Noje withuut that Borrower�s
<br /> consent. -
<br /> - ----- --- -`— 13. I.oan Charges. it thc tuau �e�ured by this Sccurity ln�;trumcnt i: :uhject to a l:eea ��rhich sets maximem l�nn _
<br /> chargcs,and thAt Inw is 6nally interpreted so that thc interest or other loan churgca collectcd or to be collected in connection
<br /> with the loan exreed the pennitted limits,then: (a)any surh loan churge,h•rll be rcduced by the amount necessary to reduce
<br /> the charge to the pertnitted limit:and(b)any sums ulready collected fram Borrower which exceeded pc:rtnitted limits will be
<br /> refunded to Borcower. Lender may choo�e to muke thi+refund by reducing the principal owed under the Note or by makinb a
<br /> dircct payment to Borrower. if a refund rcduces principal,the reduction will be treated us A partial prepaymeat withnut any
<br /> , pmpayment chargc undcr thc Notc.
<br /> 14. Notices. Any notice to Borrowcr providc�i for in this Security Instrument xhall ix given by delivering it or by
<br /> mailing it by fint clu�x mail unlcss upplicubte law reyuims u�e uf unother methai.The notice xhall be directed to the Property
<br /> Addrcss or:►ny other�ddresti Borrower Jrtiignutc+by nutirc to Lrndcc Any notirc to Lender sfiull he given by fir,t class
<br /> p` mai!to Lender�si��drr��ct:�te•d ht•rrin��r any othcr ad�iresti Lcndcr dcsi�n:ucx by noticc to Bon•awer. Any noticc provided for
<br /> j'�� in thi+Security In,trument shall tx Jermed to huvc bern given to Borrower or Lenclrr when given as provided in this
<br /> :!f, p�rugraph.
<br /> I5. Go�•ernin� [.uw; Severability. Thi�Srcurity In.trumcnt �hall Ix govrrncd by fcdrral Inw und thc law of thr
<br /> juritidiction in which thr Pru�xrty is IixatrJ. In th�evcnt that any pruvi,i�m or rlauu uf thi,Scruriry fntitrumrnt or thc Notc
<br /> conflict�with applicahle�aw.tiunc�untlict +hail nut uftcct uther pruvi,ion,of thi.Scrurity Imtrument or the Notc whinc�un
<br /> be given cffect without the cuntlicting prc►vi+iun. 1'o thi�rnd Ihe pruvicionx of thiti Srrurity In,trument und thr Note ure
<br /> � declamd to br srvcrablr. _
<br /> 16. Borrnwer's('opy. Borruwcr,h:ill tx givrn unr cunti�micd rupy uf thr Ni�tc anJ uf thiti 5ccurity Intitrument.
<br /> � 17. 'fransfer of the Propr�ty nr u Reneflciul Interest in Bnrrow•er. IT all or any pan of thc PruExny or any int�re+t in
<br /> it iti sold or tran.fcrccd 1or if a Ixnrticial intcrc+t in Horrowrr iti,uld��r tran,f�rcrd and Burrowcr i�not a natural pcnon)
<br /> without Lender's prior wriucn roment.Lrndcr muy. at it�uption,reyuirr immeJiatr paymrnt in full of all sums secured Ny
<br /> this Security Instrument. However,thi.optinn+hs►II �uH tx rxrrci+rd by Lcndcr if exrrci,c i,prohibited by federal luw uz af
<br /> thc date of this 5ccuriry In+irum�nt.
<br /> If Lendc�rxrrci,rti thi+��pti�m.Lcndcr,hall givr Bi�rruw•ce noticr uf accrlrratiun. Thr nutirc.hatl providc a{xrioci of
<br /> not Ic+ti than 30 Jay�from thc datr thr notirc i�drliv��nd ur nr.iilcJ��ithin whirh BuiTO«•cr mu,t pay all.um,,rcurcd hy thi�
<br /> Security In+trument. It'k3urcuwrr faii,tu p;ry the�� +u�n, prii,r to thr ezpir.ui�,n uf thi+ �xri�xi. Lrnder may invoke any
<br /> E� rcmedirs�xm�itted by this Srruriry In+trun�ent w•ithuut I'urther nuticr ur drmand un BarcuNrr.
<br /> " , I$. Borrnwer's Right to Reinstate. It' fiurruK�r mrrh rertain cunditiun,. Horru���cr�hall have thr cight tu havr
<br /> � enforccmcut uF thi�Srrurity In,tnmicnt di.c�,ntinurd;n an� tim�pric,r t��thr carlirr ul': ra)S duy+(or�uch othrr�xrial a�
<br /> tim�le t�anul} •-F'unnk�fuMt7eddk�tuc l'�IFt)H\t 1\S'1'Rl�1F.�'1'--l'nd�mn C�wemin�. 9i911 rp��e��{,�f h/w.e�'��
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