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<br /> �`�'" 1U�498 =_
<br /> candrmnatlon or o�her ukln�of any p�rt of the Pmperty�or far convey�uace in lieu of�.iuie hetoby wb�ned wd
<br /> riWl be pt�id w l,ender.
<br /> [n the event ot�toW qkln� of the Pt�opetty. thep�o�ds�hall be appliod W the sam� eecurod by thb Secudty
<br /> Inurumcnt.whetha or not then due,with�ny excas pr! td u Bormwer. Ira the evcnt of�pNrti�l ttkin�of the Property In
<br /> which the fiir rnxket vdue oF the Ptopeny immediately befae tt�Wcin�is rqwl to or Qnuer tlun the�mount of the�ums
<br /> secuned by �his Saurity lnawment immedlntcly befixe the t�kinQ.unlers Borrower wid I..ender WherwiK a�roc in wdtinQ.
<br /> the tums aecurcd by this Saurity instnunent shall be re:duced by the unaunt of the proceeds multipliod by Ux followln�
<br /> trsction: (a)thc tatal�mount of the wms�ocurcd immedlucly befa�e the talcin�,dlvidod by(b)the G�lr mari�et v�lua of the
<br /> — —� Propcny Immediucly bcforc thc taking. Any balancc shall bc paid to Borrower. ]n thc cvcnt of n partlal tnking ot thc
<br /> — E'reperiy in which tho idr maricet v�lue of the Prqxrty immodi�tely befare the Wcin�is leas than the�mount uf the sumi
<br /> socurcd i�nmediaely before the taking, unless Bwrowcr rnd Lendcr aherwiae�gr+ee In writin�or unlesR�ppllceWe law
<br /> ottierwice pmvide�,the proaods shall be�pplial to the rcum�wxurcd by this Securi►y Inatrument whett�cr a not the rumc are
<br /> tf�an due.
<br /> � [f thc Property is�bandoned by Borrower.or if,after notice by l.ender to Boriower thet ttie condemnor offers to mAke
<br /> an award ar settic�claim for damages,Bamwer fail+to respond to Lender wlthin 30 days Aftcr the datc the notice Is given,
<br /> -• -----------� L.cnder is authoriud to collect and apply the pmce.eds,at itF option,either to reswration ar ropalr of the Property ix to the
<br />_ xums secuc+ed by this Securiry Instrument.whether or not then due.
<br /> Unless Lender and Borrower otherwise agrce in writing,any application of praeeds to princlpal shc�ll not extend or
<br /> postpone thcdue date of thc monthly payments referred to in paregrophx 1 und 2 orch:u�ge thc amount of such pAymenG�.
<br /> — ll. Barrower Not Released; Forbe�rance By Lender Not a Waiver. Extension of the time for pryment or
<br /> _,,,, modiCcation of amortizntion of the sums secured by this Secudty instrument grunted by Lender to any successor in interest
<br /> _ - vf Borrower shall not opemte to rclease the liability of thc original Borrower or Borrower� successors in interest. Lender
<br /> shall na be n;qulred to commence procecdings against any successor in interest or t�fuse to extend timc for payment or
<br /> otherwise madify artortization of the sums secured by this Security Instcument by reason of any demand made by the original
<br /> -� ; � � Borcower ar Bortower's successors in tntercst. Any forbearance by Lender in exercising any right or remedy shall not be a
<br /> ; ���`' ,�..1 waiver of or preclude the exercise of any right or remedy. —
<br />. � :�`�� °��:°, :� 12. Suaessors and Assigns Bound;Joint and Several Liability;Co-signers. The covcnants and a�reements of this
<br /> � Seturity inswrnent shall bind and benefit the successors nnd ussigns of Lender and 8orrower,subject to the provisions of
<br /> �Y:. '• .: � ,, paragraph 17. Bortower� wvennnts and ngceements shaq be joint and tieveral. Any Borrower who co-signs this Securlty
<br /> � ` � '' Tnstcurnent but das not execute the Note: (a)is co-signing this Security Instrument only to mortgage,grunt smd convey that
<br /> - .;,_., ' �%`;;4 Borcower's interest in thc Propeny under the termx of thiti Securiry Instrument; (b)is not personally obli�ated to pay the sums
<br /> : .����;"'!';�_��� secured by thir� Saurity Instrument;and(c)ugrees that Lendcr And w►y other Borrower may agree to extend. modify,forbear
<br /> , � � �" •�,:; or make any accommodations with regard to thc tcrms of this Security Instrumcnt or the Note wlthout thut Borrowerk
<br /> :��`���'•�-�
<br /> �.•r•,_,r.
<br /> '�''�•=f��� •• ` a, c� 13. Lcwn Charges. If the loan secured by this Securhy Instrument is tiubject to a Inw which sets muximum loan
<br /> �4:.Y:�-�-.
<br /> .�u,,�,_�r.;,=•:;:.::;.. charytes,and that law is ftn�lly interpreted so that the interest or other loan charges collected or to be collected in connection ,
<br /> ,°•,Y..�. - -�.�- with the loan exceed the pennitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce
<br /> �. � the charge to the perrnitted limit:and(b)any tiums Alre�dy collected fram Borrower which exceeded permitted limits will be
<br /> ;•:�� , refunded ta Borrower. Lender may choose to make this refund by reducing the principnl owed under the Note or by making a
<br /> � � • direct payment to Borrower. If u mfund reduces principnl,the reduction will be treated as a partiul pmpuyment without any
<br /> . prepayment charge under the Note.
<br /> - , 14. Notices. Any notire to Borrowrr provided for in this Security Imwmcnt shall lx: givcn by delivering it or by _
<br /> • muiling it by first cluss mail unless upplicable luw requircs use of unother method.'llie notice shall be directed to the Property
<br /> - Address or uny other address Borrowcr dcsignatr+by notirc to Lender. Any notice to Lendcr shall be given by first clars _ _
<br /> : . mail to Lender's uddress stuted herein ar uny other address Lender desi�n•rte+by naice to Borrower. Any notice provided for ���_
<br /> �;� in this Security Ingtrument shull be deemed to huve been given to Borrowcr or Lender when given as provided in this �_ ,
<br /> -.,7N, parugrAph. —
<br /> � 15. Gove�nln�; Law;Severability. Thi�Securiry Instrument shall lx govemed by fedcrul luw und thc luw of the �
<br /> • ., jurisdiction in which the Propeny is locuted. In the event thut any provision or duu,e of thix Security Instrumcnt or the Note
<br />. conflicts with applica6lc law,wch conflict shull not uffcrt othrr provi,iuns of this Seruriry Instrument or thc Notc which cnn � .
<br /> . r • be given effect wiihout the contlicting provixion. To this end the provirionx of thi, Security Inxtrumcnt und the Note ure ��..
<br /> declared to bc sc�crablc. �_
<br /> ;, 16. Borrower's Copy. Borrowcr shall tx givrn unc c�mti�rnud cupy of thc Nntr unJ c�f thiti Srrurity Intitrumcnt. .,�, .,. .
<br /> 17. 'l�ans/'erof'the Property ur a Beneficial Interezt in Borrower. If ull cirany piirt af thr Property��r uny intcrest in ~
<br /> it is sold or trunzfcrced(or if a Ixnrtici.il intcrc�t in Rorrawrr ix sold or trun+fcrred unJ Borcowcr i�not a nutural person) �-
<br /> ' without Lender ti prior written conxent,Lendrr ma��,at it�aption,rrquire immrdiatc paymrnt in f'ull of all sumx secured hy
<br /> this Security In�trument. Hnwcvcr,this optiun shiill nut tx rxrrcised by Lendcr if cxerci.r i�pruhibited by fedcral luw as of �-�
<br /> i the date of this Security Instrument. ---
<br /> i:,;_.,�; [f Lender raercises thix option. Lender shall givr Borrowcr ncitice ot'acrrlrration. 1'hc notice.hall pmvide a pe riixl of
<br /> not Icss than 30 day. from thc Jah thc naticr i�drlivrrcd c�r muilcd within which Harruwcr must pay all sumti,ccurcd by this �
<br /> `' , Security Instrument. If Borrower fails to pay these �um�prior tu Ih��xpir,ui�m of�this �xricxi. Lender may invoke uny .
<br /> � remcdics prrmit tcd by this Sccuriry Intitrumcnt without(urthcr notirc��r demanJ an Bcnru�ti•cr.
<br /> _ ' 18. Borro�•cr•.ti Ri�ht to Reinxtatc. It'Burrc�a•rr mcrts ccnain runditiom, Fiorruwcr .hall hirv� thc right to havc �
<br /> I .. ' � enforeemcnt of this Security In.trument di,continurd at any time prior to the r:►rlier c�f: t:►►S dayti(or,uch uther�xriixl a. t
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