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<br /> . ����� condemnntion or other tnking of any ptut of the Praperty.or f�r convcyance in lieu af condemnutton,aro hereby asxigned�nd �
<br /> — _ ehaQ l�e puid to i.ender. _� .. "�.-..�
<br /> � � — — In the cvent af a totul takins of thc Property. the procceda shAll be applied ta the xuma xccured by this Security
<br /> Insqutncnt,whcthcr or not then dua,with any exceca puid to Honowsr. In thc event af a partinl taking of thc Propony In
<br /> ------ whiah the fatr mnrket vulue of the Property 1mmGdiately b�fam tho taking is cc�unl tn or grcnter than tho omount of tbe suma
<br /> ----- �' secured by this 5ecuriry Insuument immediatoly before ti�tl tukl�ig.uniesw anrrower and L�:ndcr atherwir,e ugnee in writing,
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<br /> �_, the suma secured by thls Secudry instru�ncnt Aha1l be r�duced by the umauni of cho praceeds mutNplicd by the foltowing
<br /> — - fraction: (a)ihe total umaunt af the sumn i;ecured lmmuliutcly tscforc thc taking,divided by(b)the fAlr msultet��ulue ot the r =- -
<br /> Property immediutoly befora the takias. Any balance sahall be puid ta Bortower. In the uvent of a purtfal taking of thc
<br /> Property in whtch the fair market valus of the Property immediut�ly befone the tAking la Icss than the umount of the aums —
<br /> r secured immediately bafore the taking, unlesa Borrower and Lender atherwisc ogcee in wrIting or untesa applicable !aw
<br /> otherwise providea,tho proceeds shall 66 applied to the suma secured by this Security Inspument whether or not the sums are
<br />.'" then due.
<br /> - If the Propetty is abandoned by Bon+ower.or if.after notice by L.ender to Borrower that the condemnor offers to makc
<br /> an award or settle a ctsim for damages,Borrower fail�to respond to Lender wlthin 30 days after the date the notica is given, � -------------�
<br /> �• Lender ts authorized to collect and apply the proceede,at its option,elther to restaration or repair of the Property or to the
<br />��' sums secured by this Securlty Instrument.whether or not then due.
<br />� Ualess Lender and Borrower otherwise a�ree In wdting,any application of proceeds to principal ahall not extend or
<br /> 7 , postpone the due date of the monthly payments referred ta in paragrnphs t nnd 2 or chan�e the amount of euch payments.
<br /> �� il. Horrower Not Released; Fbrbcarance By l.ertder Not a Waiver. Extension of the time far payment or
<br /> ,���t modification of amortizatton of the sums secured by this Secudty Instrument granted by Lender to any successor In interest
<br /> ^ ;^�; of Borrawer shall not operate to release the liability of the original Borrower or Borrower's successocs 3n interest.i.ender _ _
<br /> ; ��:.�^F�:;n--'���"� shall not be requim,cj to commence prue:�cdiug�ubwuai+�fy succcssur irs intesest or refase ro extend tlme for payment or � __- - -
<br /> 1��"'itt;• otherwise modif amortlzallon of the sums sccured b this Secud Instrurnent b reason of an demand mude b the orl inal i,!�:��
<br /> ' ,:►•,..�,�,� `�.;r�..�� Y Y �Y Y Y Y S
<br /> • Borrower or aarrowerh auccessors in interest. Any forbearance by Lender!n exercising any rlght or remedy shall not be a
<br /> �••�° � , ' .�, waiver of or preclude the exercise of any rlght or remedy. ,"'.',.�'h' _
<br /> � .�e��'�''�"�"3," `�•. 12. 5uccessors and A�signs Bound;Joint and Several I.iability;Casigner�. The covennnts and agreements of this ,:�•��.-_
<br /> � , • ' Secudty Instrument shal! bind and benefit the succ�ssors and assigns af Lender nnd Borrower,subJect to the provisfons of ��'•�``�':�'?.
<br /> '. � ._. , " '"-> paragrnph 17. Borrower�s covenanta and ugreements shaU be joint and several. Any Borrower who co-signs this Securiry "'�'�'.,rr�_
<br /> ., p Instn�ment but dces not execute the Note: (a>is co-signin�chis Secudty Instrurnent only to mortgage.grant and convey that ,,i'`��`=_
<br /> � , Borrower�s inter+est!n the Property under the terms of thjs Securiry Instrument; (b)is nat persanally obli�ated to pay the sums •_; ,,;--
<br /> ' .� . ' secured by this Secudty Instrument;and(c)agrees that Lender and uny other Bonower may a�rcc to extend,modify,forbeur � °t ,t-'
<br /> ' " or make at►y accommodations with regard to the terms of this Security Instrument or the Note without that Bocrower's •'n:,�,,`.,��µ
<br /> consent. '
<br /> - ' � I3. Loatt Chsrges. If the Ic�en secumd hy th;• CPC���ity in�trument i� subject to n law which seGC muximum loan `
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<br /> � �• charges.and that law is finuqy interpreted so thut the interest or other loan charges collected or to be collected in connection �
<br /> ' with the loan exceed the permitted limits,then: (u)any such loan chur�e shnll be reduced by the amount necessury ta reduce >� ;;'�
<br /> � tha chur�e to the permitted limit;und(b)uny sumx alreudy collected fram Borr�wer which exceeded permitted limits will be r"
<br /> refunded to Borrowcr. Lender muy chootie to muke this refund by reducing the principal awed under the Note or by making a
<br /> • . direct payment to Borrower. If u rcfund reducex principul,thc redurtion wili be treated us u purtiul prepayment without any ,
<br /> � prepayment churge under the Note.
<br /> 14. Notices. Aoy notice to Borrower provided for in this Security Instrument shuil be given by delivedn�tt or by f'
<br /> � mailtng it by fir,�t cluss mail unless upplicublc luw myuires u�e of another method.The notice shull be dfrectcd to the Property
<br /> Addresx or uny o�hcr uddmws Bonowcr drsignntes by nutic�w Lender. Any notice to Lender shull bc given by first cluss '
<br /> , � mail to Lender.l•uddrexs stated hercjn or uny other addmss Lender de+ignare�by nottce to Bormwer. Any notice provided for
<br /> � � � in this Securlry Instrument shnU be deemed to huvc txcn given w Borrowcr ar Lendcr when given ns provided in this �
<br /> para�raph. 4., .� ���.
<br /> � i IS. Governing Law: Severtib8ity. Thix Scrurity Intitrument shull bc �;ovemed by federul law und thc luw of the � �+��`
<br /> judsdictton in which the Praperty is locutcd. ln the event thut uny provihion or rluuse af this Srcurity Inxtrument or the Note 't�//�'.'.
<br /> � confltcts with applicuble luw,xuch conflict.hull not uff'rct other provisionti of thiti Security Instrument ar the Note which con � ' ' 'F'��
<br /> � 3 be given effect without the cantlictin� provision. To thi.end the provi.iuns of this Security lnxtrument und the Note 3re ' : '`° � '
<br /> . : • . i declared ta be severubie. . ., �
<br /> 16. Borrower's Copy. Borrower shiill tx given one cc�nfornicd copy ot'thr Note und oi'this Serurity Instrument.
<br /> � i 17. 7Yansfer of the Property or a Beneficiul interest in Burruwer. if u t I ur uny purt of thc Property or nny intcrest in , : �- -. ..
<br /> .• it is sold or trunsferred(or if u Ixneficiul intcrc,t in Borrowrr i,suld �r trtm.frrr�d und Bonowcr is not n nuturul personl
<br /> c � " ; without Lender?�prior wrinen consent,Lrnder muy,ut its optiun,requim imm�diute puymrnt in full of ull sums secured by •
<br /> ,� . , ` ! this Security Instrument. I�owevcr,this option shall not tx exerci,ed by L.endcr if excrcise i�prohihitcd hy tedernl tuw as of • �' '
<br /> -�; .' ' the dnte of this Security Instrument. •
<br /> If Lenderexerriseti this option,Lender,hull give Bi�rrwver noticr of ucceler�tion. Thr noticr.hall proviJe a periud of „ �' �
<br /> .. not less thun 30 duyx from the dute the noticr ix delivrrcd or mailrJ within whirh Horzuwrr mu.t puy ull xum+xecumd by this ,
<br /> "���•. • Secur�ry Instrument. If BaROwcr fuils to pay thcsr sums prior to thc rxpira�ti�m of this period, Lrndrr muy invokc uny
<br /> � , mmedies permitted by this Security[n,trument with�iut furthrr notice or demun�i on Born��se�•. .
<br /> • , � 18. Borrower's RiRht to Reinstutr. iT BoROwcr mcetr ccn,iin runditions, Bc�rrowcr .h:41 huve thr right to huve • ,
<br /> , �, � • enforcement of thi�Seruriry In.trument di,continued ut nny timc prior to theearlirrcit': ta>S duy.(or.uch athcr peti�x!u. , .
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