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<br /> ---_.- u -� � ca�ck�nnntion or�xhr.r tAking af eny peR o!Q�c Properiy.ur for canveyanse!n lieu af co�tdemnution.are hereby assiBaed and _
<br /> shali bo ptld ta L,endcr.
<br /> In !he event of a totnl t�lcing af tha Pn�perty�tho pc�nceeds nh�ll bb apglied to the eums securcd by this Seaurity
<br /> Instmment,whether or not then due.wlth any excesR paid to 8orrower. In the ovent af a p�utial taking of theproperty ir►
<br /> whlch the fiilr m�.rket vrlue af tho Property imme.diAtely beforo tho uking ia equ�l to or gneater th�n�tw unount of�f►e euma
<br /> secund by this Secudty insuument immedlately befons the t�king,unicai Borrower and Lende�otherwise sgiae in wrldn8•
<br /> _-°�-----=-- -- -� 1ho suma sccun:d by thls Security Insaumem shnil be e�ednsal by the eanount of tho proeeecl�muttiplied by the following
<br /> firaction: (a)the total runount of tho suma secured immedt�tely bcfore the takIng,divtded by(b)tha f�ir murket vnlue of ttte . �
<br /> Property immediataly before the taking. Any balencc shaU be paid to HoROwer. ie►the ovent of n partisi taking of the
<br /> Property in whieh the fair marlcet vatuo of the Prepecty immcdiately befon the takIng is less than the amount of the sums
<br /> ��� sxurc�l immedlately beforo the taking, unless Borrower and Lnnder othenvIse agnx in wrlting or unless eppllctblo law �
<br /> otherwise pmvides.the proceeda shull be upplied tn tha sums secured by thia Secudty Inatrument whether or not the sumA aro
<br /> �� thett due.
<br /> '�;�. !f the Froperty is abandaned by 8omnwer,os if,after nodce by l.ender to Borrower tt�nt the condemnor offers to make
<br /> �� un eward or settls a sluim for dnmages,Born�wer faila tc�respond to L,ender within 30 days nfter the date the nodce ia givan,
<br /> _ L.ender is authorized ro collect and upply tne proceeds,nt its option,etther to restotadon or repuir oP the Pruperty or tu tha
<br /> v sums secw�ed by thls Secudry Instrumenti whether or not then due.
<br /> l� Untess Lender and Borrower otherwise a�ree in wridng.any applicadon of proceeds to principal shull not extend or
<br /> postpone the duo date of the monthly payments referred to in parugmpha I and 2 or chanse the nmount of auch payments.
<br /> il. Borrower Not Reteased; Forbearance By Lender Not a W�iver. Extenston of the time for payment or
<br /> . modlfication of amortizadon of the sums secured by this Secudty instxument granted by(.ender to any successor in inurest
<br /> of Bamower shall not operate to relense the iiabitity of the or�ginai Horruwer ar Borrower��uccessors in intc�t.Lender �-
<br /> - "� �ti shall not be required to commenc.�e proceedinga against any auccessor tn tnterest or�efuse to extend dme for puymcnf or
<br /> � .,L, otherwlse modify amortization of the sums secured by this Security Inatrument by reason of any demnnd made by the or�ginal
<br /> `'t . �*:• Borrower or Borrower's successors in interest. Any forbcarance by Lender ir�exercising eny right or remedy ohall not be a
<br /> waiver of or pr�ectudo the exercise of any right or remedy.
<br /> `'�-"�.��,- 12. 5uccessors end Assfgas Bound=Jotnt and Several Liabllity;Casignere. The covenants and agr�eementa of thls
<br /> `�� �'S � r ` SecurI Instrument shall bind and benefit the succeasors and assigns of I.ender and Barrower.subject to the provisions of
<br /> �!,;': . ,.. •• I �
<br /> .�'" �..� �� ; paragraph 17. Borrowerk covenants and agreementa shall be joint and several.Any Borrower who co•signs this Securlry
<br /> �"�';�^�:;{`•'�"� � Insdument but dces not execute the Note: (a)is casigning this Secw3ry Inatrument only w mortgaBe.grent and convey that
<br /> �� '�4. � " Boaower's intereat in the Property under the terms of this Secudty Insuument; (b)is not personally obligated to pay the sums
<br /> �;•;�,.�•.,',,�`,, .• � �
<br /> . secured by this Secudty insuument;and(c)n�rees that Lender and any other Borrower may agrce to extend.madify,forbear
<br /> � : or make any uccommodations with regard to the terms of this Securtty Instrument or the Note wlthout that Borrower� _
<br /> _ - "-' - wnsent. —
<br /> � � 13. I.oan Chal'�es. If the loan secured by thts Secur�ry Instrument is subject to a taw w�ich sets maximum loan `
<br /> ' I cherges.and that law'is finully interpreted so thst the Inte�st or other loan charges collected or w be collected!n connecdon
<br /> . with the loan exceed the pertnitted limits,then: (a)any such loan cherge shall be reduced by the umount necessury to reduce
<br /> the charge to the pertnitted limit;and(b)nny sums already collected from Borrower which exceeded pennitted limits will be
<br /> ' refunded to Borrower. Lender mny choose to make this refund by reductng the principal owed under the Note or by making a
<br /> ��.;_
<br /> ' dlrect payment to Borrower. 1f u refund reduees principul,the reductton will be treuted ac n purtinl prepayment withuut nny �.,�
<br /> � � � prepayment charge under the Note. �,e-..
<br /> � 14. Nodc�r. Any nottce to Borrower provided far tn this Security insuument shall be glven by delivering it or by .-�_
<br /> ' <, mnilin�tt by first class mail unless applicnble Iaw rcquires use of another methad.The notice shaU be directed to the Property
<br /> ' Address or nny other addrass Borrower designates by notice to Lender. Any notice to Lender shall be gtven by fust class ���;•
<br />- , mail ro Lender�address stuted herein or nny other address I.ender designates by notice to Borrower. Any nottce provlded for . .
<br /> � � .. " in this Secm•ity Instrument shnll be deemed to hnve.been given to Borrower or Lender when given as providcd in this
<br /> tua h
<br /> t„ `• • p i5p Gover�ing Law; Severability. This Security Instrument shull be govemed by federat law and thc law af thc •
<br /> ' , ' jurisdtction in which the Property ts located. In the event thut uny provision or cluuse of this Security Insttument or the Note
<br /> � conflicts with uppl[cable luw,such conflict+hull not uffect other provisions of thi,Security Instrument or the Note whlch ccin
<br /> . . , . he giv�n effert withnut th�cnnflicting provision. 'Ib this end the pmvisions af this Security Instrument and the Note are
<br /> '• declared to be severnble.
<br /> � ' 16. Borrower's Copy. Borrower shull hr.given one conformed copy of the Note and of this Securiry Instrument.
<br /> ' 17. 7tAnsfer of the Nroperty or a Benet9cfal lnterest in Borrower. IF ul!or uny purt of thc Propeny or uny interest in
<br /> it is sold or trunsferred(or if u beneficial interest in Borrower iz xold or transferred und Borrowcr is not n naturnl petson)
<br /> ' ,� " without Lender's prior written consent,Lender muy,ut its option,mquirc imrmdiate puyment in full of ull sumti secumd by
<br /> r - this Security Inxtniment. Howrver,this option yhall not be exercised by Lendcr if excrci+c iti prohibited by fedcrnl low us of
<br /> ' � the date of this Security Instrument.
<br /> ��� If Lendcr exerciscs this option.Lender shaU�ive Borcower noticc of ucccicrution. 'I'he notice shull providc u period of
<br /> not tes�than 30 duys fmm the datc thc noticc is delivcrcd or mailed within which Borrc�wer must pay nll sums serurcd by this
<br /> ' Security Instrument. If Borrowcr fails to pny these sums prior to the expiration of this Exciod. Lcnder muy invoke uny
<br /> • • - remedies permitted by this Security Instrument without furthcr nntice or demund on Borrowcr.
<br /> � 18. Borrower's Right to Reinsts�te. If Borrowcr mectx ccnuin conditinn.. BoRO�vcr shull havc thc �ight to huvc
<br /> � enforrement of this Serurity Inxtrument disrontinucd ut uny timc prior to thr rurlirr af: (eU S duy+(or such othrr periud a�
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