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<br /> catdemn+Uion or o�Wcln�of�rny pat of the Property�or!a cocv�nyincs in Iteu of ca�doa�tutiw►�ur horcby�sii�ned�ad
<br /> ei�ll be pait!to L.aidp'.
<br /> L�the event of a taal ulcln� of the Property. the proceede �Full be applled to the sums �urod by this Securlty
<br /> - _ In,•,pusmnt.�yhct}tcr or not tMn due, with�ny exce•s p�id to B�xn►wer, In the event of�prRiel t�lciag of the Propaty in
<br /> which thc fair mnrket v�lue of ttue Pnoperty immcdiwtely before the takinQ is eqiwl to or�reater than the amount of tho xums
<br /> securod by this Sacudty Insuument imrt�ediuely befa�e the Wcing,unksa Bomower and Lender otherwise y�oee in wridng.
<br /> _ ___ __ the:um�utcured by this 5acudty Inspument shAll be rcducod by the amount of tl►e procada mulNplied by the folluwin�
<br /> �R�---�- -- 2' fracllon: (a)the total amount of the sums xcured immodiately befor+e the taking,divjded by(b)tha fair market velue of the
<br /> Pinpeny immedlauly beforc 1he Wc�ng. My balance shall be pxid to IBarower. In the evmt of a pwtial taking of the
<br /> Property in which the fafr market vxluc of the Propeny immediately bef�re the t+�kfng is less than the amount of�ho aums
<br /> iecured immedlately bcforc the W�ing, unless Bormwer and L.ender otherwise ag�ee in writtng or unless applicable Ir►w
<br /> otherwise provide�,the procads shall be�pplied to the sums sec:urcd by this Security[nstrument whctlxr or not the cum:w�e
<br /> then duc.
<br /> _��_� If the Properly Is ab�ndaned by Borrower.or if,after noticc by Lcnder to Borrower that the condemnor offers to m�kc
<br /> an award or settle a claim for damages,Borrowcr fails to nspond to Lender within 30 dayR after thc date thc naicc is given.
<br /> l.ender is authoriud to collect and apply the procads,at its option.either to restoration ar rcpair of the Prc�perty or to the
<br /> sums secured by this Security Insttument,whether or not ihen due.
<br /> Unless Lcndcr nnd Borrower otherwise agree in writing, i►ny application of proceedF to princlpal shall not cxtend or
<br /> postpone the dac date of thc monthly payments refeRCd to fn parpgraphs 1 and?,or change the wnount af such payments.
<br /> __ 11. Borrower Not Rekwsed; Forbea�ance By I.ender Not a Waivea Extcnsion of thc timc for payment or
<br /> - modifcatton of amortization of the sums socured by this Secarity lnst�ument granted by Lender to any successar in inurcst
<br /> ,;��� of Borrower shall not operatc to aleasc the liabiltry of the original Borrower or Borrower's successors in interest.I.rnder
<br /> shall not be required to commencc proceedings against any successor in interest or refuse to extend time for puyment or
<br /> othenvise modify amortization of the sums securecl by this Security Insuu�nent by reasan of any demond made by the original
<br /> ''•' '�'":' Borrower or Borrower's successors in interest. Any forbearance by Lender in exercisin� any rtght or remedy shall not be a
<br /> ` �`' �''"'' waiver of or prcclude the excrcisc of uny right or remcdy.
<br /> <.. • 12. Successors and Asstgns Bound;Joint and SeverAl Liability;Co-signers. The covenants and agreements of thix
<br /> ��r °� Security Instntment shuU bInd und benefit the successors and assig�s of Lender und Borrower,subject ta the provisions of
<br /> �`�i� - paragraph 17. Borcowerk covenants and agreemenGs shell be joint and several.Any Ho�rower who co-signs this Security
<br /> ' •' �?''' Instrument but dces not execute the Note: (a)is co-signing this Security lnstrument only to mongage,grunt and convey that
<br /> ' '�°''� % ' Borrowcr's interest in the Property under thc tcrmti of this Security Instrumenr, (b)is not penonully obligated to pay the sums
<br /> ;.
<br /> �f.,. :� ',
<br /> • •;s1�1;. .�,... secured by this Security Instrument;and(c)agrees that l.ender and any other Borrower may agree to extend,modify,forbenr
<br /> . �;y,���,',;;?�,,�,;�!�� or make at►y accommodations with regard ta the tertns of this Security Instrument or the Note without that Borrowerk
<br /> - .��i`���ti��y��G�,�,g consent.
<br /> ��;,�.yf�;<<yty ;�;:,:a° 13. Inw�� Ci��rgi�. St tiiC Itidil SZa:Ui�t� by IIlfS .°iCCilill}% �iiti2lUiilCii(i5 SUBJCCZ t6 a JAIG itiliiCli SztS iiitiJ�lliiUt�i iva�i
<br /> �'•�..-•#�;�c�,,��� churges,and thnt law is finully interpreted w that the interest or other loan charges collected or to be collected in connection
<br /> ' with the loan exceed the pertnitted limitti,then: (a)any xuch loan charge shall be reduced by the amount neceszary to reduce
<br />• •�, • the charge to the permitted limit; and (b►any sums ulmady collected from Bormwer which exceeded permitted limits will be
<br /> ' � ..s . refundcd to Borrowe�. Lcndcr may choase to make thiti mfund by reducing thc principal owcd under the Notc or by muking u
<br />= . . • dircct p•ryment to Borrowcr. If u rcfund reducex prinripal,the rcduction will be treuted uti a partial pmpuyment withaut uny
<br /> , k . . ., prepayment charge under the Note.
<br /> � , _.. 14. Notices. Any noticc to Iiorrowcr providcd fiir in Ihis Sccuriry In+trumrnt shall bc givcn by dclivc�ing it or by
<br /> _' ' muiling it by flrst class mail unle�s upplica6lc law rryuirc,u,c of ao�►thcr mcth�xl.Thc notirc tihall be dircctcd to thc F'n>perty
<br /> Addre+s or uny nthcr addre,x Burn>wcr dc+ignatr.hy noticc to I.cndcr. Any noticc to LcnJcr shrll tk givcn by fint rluss
<br /> - � nwil to Lendcr:uddrc.ti tituted hercin or�ny othrr addn„Lendrr dctiignatrti by nnticc ro Borrowcr. Any noticc provided for
<br /> �,+ �'- � in this Scrurity lnrtrumenl .hall Ix ckemed to have hecn given tu Hi�rcower or L.cnder whcn given as providcd in this -
<br /> �;. .- psuagraph.
<br /> 15. Uovern(nR I.s�w: tieverabillty. Thi�Sccurity lmtrument ,hall lx govemed by fede�;�l luw and thc law of thc
<br /> ., juri,diction in which the 1'roperty ix Iexated. In the event►hat any provi�ion or clauxe of this Security In.trument or the Note
<br /> • t , .� conflicts with applicablc law,wch conflict.hall not uttect uthcr provisiom of this Srrurity lnstrumcnt or thc Notc which run
<br /> _ bc given cffcct without thc contlicting provision. Ti►thi+end thc provizionx of thix Scruriry Instrumcnt and thc Notc•rrc
<br /> declared to bc sevcrnble.
<br /> ' 16. Borrower's Copy. Borrowrr+hull br given une runti�rnud ropy of thc Notr and of thiti Sccurity Instrument.
<br /> 17. Transfer of the Property or u Beneficial Interest in Bnrrower. If all or any pun of'thr F'ruperty or any interest in
<br /> _ ' it is�old or trantifcrred(or if a txnrfici;�l intrrc�t in Borrowcr iti.��Id or tramfcrrcd and Born�wcr i�not a natural pcnon) -
<br /> '���•. without Lendcr's prior writtcn ronunt,l.rndcr may.:�t its optic►n,mc�uim immrdiatc paymcnt in full cif ull sums scrurcd by �
<br /> ` � thi.Secu�7ry Instrument. Nowcver,thi+option xh:dl not lx cxcrciud by Lendcr if rxcrci�c i�prohibtted by tedcrrl�•rw ati of �
<br /> • ��.�.,� , thc dutc of thi�Sccurity In.trumrnt,
<br /> . If Lcnder exerciscs Ihi+option,landrr,hall givr Burruwcr notirc��f arrrteratiun. Thc noticc xhall providc u pericxf of -
<br /> , ' H�'-� nut lezs thun 30 duy�frum the datr the notice iti delivercd or mailed within which Burruwer mutit pay all wmti secured by this
<br />- � Securiry Instrument. If Burrowrr fail+tu pay thr,c �um� priur t�� thc rxpiration �►f thi� �xriixi. Lender muy invokr any
<br /> r • ' ' rcmedics permitted by thi�Scrurity Instrumcnt withuut funhrr nuticr ur Jrmand on Bonuwcr.
<br /> � ` 18. Borrower's Ri�ht to Reinstate. IC Borrowcr mretti ccrtain cundition., B��rrc�H•rr tihall have the right to havc
<br />:�' ; � enforcement of thi.Security In,trumrnt Ji+runtinued:u any timr priur t��1N�rarlirr ot`. (a)S day+tur wrh other pericxt as '
<br /> .. Singlc Family--Funnk�TrelFreddic\tuc l'\lF(IR11IVtiTRI�1F.\'1'•-l�mt�mn c'n�rnant. 9/Sq qr,igr J n/n p,�u��u
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