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<br /> condemnation or other t�icina of any put of the Ropecty,ar for conveyuKx In lieu of condemnation,arc here6y rsri�ned u�d
<br /> �hall be paid to Lendcr. '
<br /> ln �he event of a total tnking of thc P�+�perty. thc procecds sfiell hc applicd to thc suma xerured by this Secudry —
<br /> instrument.whethcr or not then duc,with ar►y excesr�prid to Bc►rtowcr. In thc event of n�►ctla!taking af the Propeny io
<br /> -tiY� *., , wi�k:f►thr fair murket value of thc Propeny immediatcly before th�taking is cyual to or greater than thc umount af the sums
<br /> --- aecurcd by this Security I�strument lmmcdiatcly before the tnking,unless Borrower und Lcndcr othcrwi�agree in wriling,
<br /> - the sums sec:ured by thic Svcurity Jnstrument xholl be rcduccJ by the amaunt of the praceeda multiplied by tho fallawing
<br /> ;�:. fractton: (n)thc tatal nmount of the sums sccurcd tmmediutcly heforc the taking,divided hy�h�the fair ma�CCt valuc nf►he m -
<br /> Property fmmedlatcly before the takins. Any balance shult be patd to BoROwcr. In thc event of a partial taking of the
<br /> - --__�_ Property in which the fuic merket value of the Property Immediately beforc thc taking is Icss thun thc umount of thc sums
<br /> -�-�-�--� sccured immediately befare the tnking, unlers Borrower und Lendcr otherwisc Agrce in writinfi ar unles.upplicablc luw
<br /> �:..�.�R..�� othcrwise provldes,thc proceeds shall be upplicd ro the sums secured by this Securiry Instrumen►whcther ar not the swnx ure
<br /> — —��.,�,� then duc.
<br /> lf the Property Is ubandoned by Borrower,or if,after notice by Lender to Bortower thnt the condemnor offerh to muke �=
<br /> ,wa��•.�,.,"",;` �--
<br /> y,,,�,,�;� an award or scttle a claim for damages,Borrower fails to respond to Lcndcr within.0 days ufter the dutc the noticc is�iven.
<br /> :�`•���-��•` •` Lender is author�zed to collect and apply the praceeds,at its option,cither ro mstorution or repuir of the Property or to the
<br /> ������ '������i �ums secu�ed by this Security Instcument,whcther or nat then duc.
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<br /> � �,3�; ..�....�.ri�..'a: Unless Lender and Borrower otherwise agrec in writing,t►ny upplication of pnx:eeds�a principul shull not extcnd or v„_.
<br /> �'��r«:��•�• r���••.' st nc the duc date of the monthl u ments referred to in ura ru hs 1 nnd 2 or chun e the Amnunt of tiuch a ments.
<br /> �_-,�,�.�.�;�tt.,�. _ ,�.: P�'W Y p Y P S P R P Y
<br /> ___ �;--d,:,.��:rt.s.y*,.� 11. Borrower Not Released; Forbearance By I.ender Not n Waiver. Extentiion of thc timc for puyment or _
<br /> - modification of amortization uf the sums secured by thiti Securiry Instrument grnnted by Lender to uny tiucce.r•tior in interetit
<br /> ;.. ..
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<br /> --.-.__..----•_---- uj Bunuwc� aitutI nui uNctaic i��cica�c iuc liauifily ��(i1�c wigivaj 1'iu�wwu w avu��wn a 1utlC»�A.l {II I�I�C�I'.l(. LCIBJCI ` `
<br /> ��r" � �.. shail not be requircd to commence proceedings ugainst uny successor in interest or rcfux to extend time for puyment or �:::.
<br /> t'� ' . . otherwise modify c►mortization of the sums secured by this Security Instrument by reason of any demand mude by the originul �-�
<br /> i`� • Bo�rower or Borrower's successors in interest. Any forbearance by Lender in exercising uny right or remedy shull not be u
<br /> . waiver of or precludc thc excrcisc of tiny right or remedy. �;�:_.
<br /> `,;: _ • '"' . 12. Successors And A�.Stgas Bound;Joint and Several[.iabitity:Casi�ners. The covenunts und ubreemcnts of thix --
<br /> Security Instrument shull bind And henefit the succetisors und ussigns of Lender und BoROwcr,subject to the provisions of �+.��:
<br /> - paragraph 17. Bonower's covenants and ugrcements shall be joint und severul. Any B�rrower who co-signx this Securiry �;;�.—
<br /> :,� Inytn�ment but dces not execute the Note: (a)is co-signing this Security Instrument only to mortguge,grunt and ronvey thut �]��
<br /> Bocrowcr's interest in the Property undcr the tcrms of thiti Security Instrumenr, (b)is not penonully obligatcd to pay the zums `-`L'V'
<br /> r;,_, • secured by this Security Instrumenr und(c)agrees that Lendcr und any other Borcower may agme to extend,mcxiify,for6eur ����=
<br /> or make nny arcommodutians with regurd to the tcrmz of this Security Instn�ment or the Note without thut Borroae�ti �.�
<br /> ' 'r consent. -
<br /> ____ _____ _ 13. Loan Chorger. If the lo•rn secured by this Scrurity Instrument i� subject to a luw which setx maximum loan =_____
<br /> charges,and thut law is finally interpreted sa thut the interetit or nther loan churges coUected or to tx collected in connection -�
<br /> � i• °=—
<br /> ° � � with the loan exceed the permitted limits,then: ta)any surh loan charge shall tx r�duceJ by the umount necetisary to redure �,•.•�_=
<br /> 'F the charge tn the permitted limit:and(b)uny sums alrrudy collccted from Borrower which exceedrd perniitteJ limits will lx � "`�'
<br /> refunded to Bonower. Lcnder m.►y choosc to makc this rcfund hy reducing thc principal owed undcr thc Notc or by making a
<br /> direct puymer.t to Ciorrower. If a refund reduces principal,the reduction will ix:treuted us r panial prepayment without any _-
<br /> prepuyment charge under the Note. +';
<br /> `��-� . • 14. Notices. Any noticc to Borrowcr provided for in thir Sccurity Instruntrnt shull txt givcn by Jrlivcring it or by
<br /> muiling it by fint ctass mail unles.applicable law rcyuire.u+e of another methcxf.'Thr notice,hull�dirccted to the Property � -'=�
<br /> Addretis or any othcr uddrez.Borrowcr dctiignatrs by nutirc to LrnJrr. Any noticc to Lcndcr,hull tx givcn hy firrt clu.s � ~
<br /> �h mail to Lcndcr's addre�s stuteJ hrrcin or.iny othcr addres�LcnJrr Jc,ignutr,by noticc t�►Borcowrr. Any nutice provided for �
<br /> `Y�� in ihiti Security lnstrumcnt tihatl hr dccmcd to havc hccn given tu Borr��we� u� Lrndc� wiicn �ivrn u+ providcd in this
<br /> �ra ra h �
<br /> 1 � p� s15 Governin� Lyw; Sever�bility. Thi� Security In.truntcnt .hall bc govcrncd by frJcr:il law •rnd thr luw uf thc
<br /> � jurisdiction in which thr Pro�xny iti Icxutcd. In the evrnt thut uny provisicm or clautic of thi.Security Imtrument ar thr Notr �
<br /> conflicts with applicablc law,such conflict shull ncn affcct nthcr provi.ions o1'thi,Srrurity In.trumrnt ar thr Notr whinc�an `
<br /> ' Ix givrn eFfccc withou[�he conflicting provision. To thi�rnd the prov�si�ms ot thi�lccuruy Intitrument und the Note arc
<br /> declared to lx severablc. �
<br /> � 16. Borrower's Copy. BoROwcr,hall Ix givcn onr runti�mmd ropy of thr Nc�tr and uf thiti Srruriry In�crumcnt.
<br /> • 17. '[lransfer oP the Property�r A Bencficial Intcrest in Barrnwei: ]f ull or any part uf thc Property ur any intcretit in ,
<br /> � it is sold or tran+f'crrrd(�ir if u lxn�ticial intcrc+t in Borro��•cr i�tiuld ur tramt'crred and Rorrow�rr i, not a natur,d Exra�n) t
<br /> without Lcndcr:priur written ron+rnt,Lrndcr may,ut in aption.rcyuirc imuirdiatr pa�•mcnt in full c�1'ap .umti�rcum�l by
<br /> � thiti Sccurity Instrumcnt. Hnwrvcr,this optiun xhull not tx cxrrciticd h�•Lendcr if cxcni,r i�pruBihited My fcdcral luw u+of �
<br /> thc dutc of this Sccuriry Instrumrnt. �
<br /> , If Lender exercisrx this option, Lendrr.hull givr B�irrourr nutirr o!'urcelrrution. The nutirr.hall pruvidr:i�:riixl of �
<br /> not Irs.thun 30 day,from thr Jatc thr n��tic��iti drlivrrcd or mailrJ aithin which 13��rruw�cr mu.t p.iy all ,um.xrureJ by Ihi.
<br /> , Srcurity Instrument. If Borrowrr f'ailti to pay thc+r �utn. prio� 1�� thc cxpirntiun of thi,pericxl. l.cndcr muy invohr any .
<br /> ;� rcmedicx permittcd hy this Srruriry Imtrunum H•ithuut funhrr nutirr ur demand un F3urru��•rr. •
<br /> ' l8. Borrower's Ri�ht to Reinstate. ff� Borrowrr nuct, crnain ronJitiun�. Hurr�n+rr .hall ha�•c thr right to havc
<br /> : � cnforcemcnt of'thiti Scrurity ]ntitrumrnt Jitirantinucd at:�ny timr priur to thr r:vlirr uE ta1 5 d:iy.I��r wdi uthrr�xri�xl a.
<br /> l; Singlcl-rmily•-FLnMe�inMFreddle�fucl'�IF<IN�fIVtil'Rl'�1F.\'1'-�1'nrt��mi(tnencm�� 9�911 IfhIgP�IrJh�kfl'�•�1
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