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<br /> condemn�tian or other ulcin�of�ny put of the Property.or for canveyuice in Iku of conda�vutbn,ue heneby�wl�ned�nd
<br /> �IWI be paid to Lender.
<br /> !n the event of •tatal ul�ng ott�he Property. the pracee� �SSdI be applled to the sums aocurod by tt�is Socu�ity
<br /> [nstrument.whether or nat then due,with any exa�a poid to Horrowor. In the event of�pwrtia!bkins of thoPrope rty In
<br /> _ -- which the fair market v�lue of the PropeAy immodi�tely beforc the Wcing is equal to or�rcater than tha�rnount of the xumr
<br /> eecurcd by thls Securiry Lwtrument immediatety beforc the talcinQ,unlcas Borrower w�d Lcnder otherwik a�ree in wddn�.
<br /> -_- the:ums aecured by this Socurity liutrument ahall be reducod by the �mouot of the proceedr muldplied by dK foQowin�
<br /> °- - fractian: (a)the totnl amount of the sums secured immediately before the takinC.divided hy(h)the feir mnrket value of the
<br /> Pmperty lmmadfately befae the taking. Any balance�hal!bc paid to Bomower. In the event of a puti�l taking of the
<br /> Property in which the fair murket value of the Property immediwtely beforc the uking is less than the amount of the sums
<br /> securcd immediately beforc the taking, unlcss Bomowcr and Lender c�therwise agree In writing or unless applicablc I�w
<br /> otherwlse providec,the proceeds shall be applied to the suma cecured by thia Secudty Instrument whethe�oc not the sums�+e
<br /> --- thcndue.
<br /> If the Property is abandoned by Borrower.or lf,after noticc by L.ender to Borrower that thc condemnor offers to make
<br /> - an award or settle a cluim far damages.Barrowcr fa�ls to respond to l.ender within 30 days aftet the date the notjce is given,
<br /> _-� Lender is authodud to collect and appty the proceeds,at its option,either to restoration or repair of thc Property or to the
<br /> — sums secured by this Security Inswment,whether or not then due.
<br /> Unlcss Lender and Horrower atherwise agrec in writing, any appltration of proceeds to principal shall not cxtend or
<br /> �^_r�.�...,T poscpono the due date of the monthly payments referred to jn paragraphs t and 2 orc6enge the amount of such poyments.
<br /> _- Il. Borrower Nat Released; ForbearAnce By Lender Not a Waive�: Extcnsion of the time far payment or
<br /> . modi�cation of amortlzation of the sums secured by this Security Instrument granted by Lender to any succcssor in interest
<br /> ,,,'i4�w�;^', of Borrower shall not operate to release the liabiliry of the original Borrower ar Borrower�s successors in jnterest. Lender
<br /> .,.=,�:v�...:.:�... shall not bc required to commencc praceedings agaMst suiy successor in interes[or refuse to extend timc for payment or --
<br /> `'�� othenvise modify amortizntion of the sums secured by this Security InsUUment by reason of any demand made by the original
<br /> ;�"i.,,:_ �..: , ._ ' Borrower or Borrower�successors in interest. Any forbearence by Lender in exorcising any right or remedy shall not be n
<br /> •'•�� waivar of or prectude the exercise of nny ri�ht or remedy.
<br /> �a,. . ...
<br /> � ,.y.; 12. Successors And Asstgns Bound;Joint and Several Uabil(ty;Co-signers. The covenants nnd asreements of this
<br /> '' Security Instrument shap bind und benefit the successon and assigns of Lender and Bonower,subject to the provisions of
<br /> pnragraph 17. Borrower's covenants and agreements shaU be joint and sevecal. Any Borrower who co-si�ns this Security
<br /> ' �`��� ��� ' � Instrument but dces nat execute the N�te: (a)is co-signing this Security Insttument only to moctsage.�rant and convey that
<br /> ��'"� • Borrowers intere�t in the Roperty undcr the terms of this Security Instrument; (b)is not personally obliguted to pay the sum�
<br /> secured by thiti Security Instrument and(c)agrees that Lender and nny other Borrower may agree to extend,modify.forbear
<br /> ' �' or make any nccommodations with regard to the terms of this Security Instrument or the Note without that Borrower's
<br /> - ,� con�ent.
<br /> —________ 13. Loan Char�es. If the loan securcd by thi�Security Imtrument is subiect to a law which sets maximum loan _
<br /> � � � charges,and that luw is finally interprcted xo that the interest ar other loan charges collected or to be collected in connection
<br /> with the loun exceed the pertnitted limits,then: (a)i►ny such luan churge shull be reduced by the amount necessary to reduce
<br /> the charge to the permiued limit;and(b)uny+umc ulready collected from Borcower which exceeded permitted limits will bc
<br /> mfunded ta Borrower. Lender muy choose to make this refund by reducing the principal awed under the Note or by making a
<br /> • direct payment to Borrower. If a refund mduces principal,the reduction will be treated uc a pnrtiul pmpayment wlthout any
<br /> prepayment chargc undcr thc Notc.
<br /> � 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by _
<br /> . •' mailing it by�nt cliiss mail unlexti upplicable luw reyuirc�use of unother methad.'fhe notice shnll be directed to the Property _
<br /> �} Addresz or any other addresx Borrowrr dcsignutcs by notice to Lender. Any notice to Lcnder shall be given by first class
<br /> q�K mail to l.ender's,�ddress.t;ucd hercin or uny uther addmss Lender designates by notice to Borrou�er. Any notice provided for =-
<br /> ''- �, in ihis Security Instrument shall tx Jcemed to h:rvr becn given to Borrowcr or Lender when given as provided in this
<br /> ��A `. , .,, paragruph. _--
<br /> I5. Governin� Law: tieverubility. This Security In,trument tihall hc govcrncd by federal Inw and thc law of the �'�
<br /> , jurisdiction in which the F'ro�xrty is Icxated. In thr rvent th•rt any provision or clAUtie of this Securiry Invtntment or the Note �.::.
<br /> , , conflicts with upplicahle law,wch wntlict shull not aff'ect other prrnisionx of thiti Security Mstrument or the Note which can s�-_
<br /> ' be given effect without thc contlirting provi.ion. To thiti end the prcwitiions of tbis Security Instrument und ihe Nate am =
<br /> • declared to lx ticvcrublc. =_
<br /> 16. Rorrower's Copv. Borruwer,hull tk given unr runf��micd ropy ot�the Note imd of thi�Security[nstrument. �
<br /> 17. TrAnsfer of thc Nropertv or u Beneftciul Intcrest in Horrnwcr. N'ull or uny pun ot'thc Proprrty or any intcrest in
<br /> • it is sofd c�r transfcrred lor if a lxnct7rial intrmrt in Borrowcr i� sold or tramfcrnd and}3orruwcr i.not a nutural pcnon)
<br /> without LrnJcr+prior wrinrn cunsrnt, Lcndcr may,ut it�upticm,rcyuire immcdiatc paymcnt in 1'ull of all sums sccured by �:_-.
<br /> . thi�Security lmtrumrnt, Howevrr,this aptiun shull not lx:exrrci�cd by Lrndcr it cxcrri.c iti prohibited by fcderul law s�s of !��
<br /> the date of this Security In+trwncnt. �=-`'
<br /> ° If Lender cxcrci�r+this option,Lendcr�h:dl givc Burrowrr nutice of accelcration. Thc noticc shc�ll provide a period of �;,:;
<br /> not Ic.�thun 3t1 Jays from thr dutc thr notirc i.drlivrrcd ur mailcd within whirh Bnrmwrr mu�t p:ry all sumti x�curcd by thi� —
<br /> ' Sccurity Imtrumrnt. IF Burcowrr faih tu r,�y �n�,� ,unn prior tu the rspiration uf thi,Exriixf. Lendcr muy invoke any ��
<br /> ,_ n�medir.�xrniittrd by thi,Scrurity In,trument withnut(urther rn�tice ur dem;md�m Hurruwer.
<br /> , 1t3. Borrower's Ri�ht to Neinstute. It'Rurruw�r mcea rrn:iin runditic�n+. B��rrowrr .h:dl havr thr right to havc .
<br /> � b � enfurcemcnt of this Security In,trument di�rontinued at any timr priur to the carlirr of: ta)5 day.tor.urh othcr�xriuci;►s
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