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<br /> — - candemnatlon or other tnkinII of any pnn af�ha Pruperty,or far canveyance l�lieu of condentnntton.nra hor�eby aealgned an _-
<br /> � c�hall be pc►id tu lxnder. �
<br /> In the evcnt of u totul tAking of the Nroperty, iho ptaceeda shal!ba upplled to the sumR recured by this Security
<br /> � In�trument,whether or not then due.with nny excesa paid to Botrower. In the evenc of u purtlul tuking of the Pcaporty in
<br /> �--- which the fair msuket vatue of the Aroperty Immedtately before the tnking ix equal to or grenccr thnn the umount of thc sums `
<br /> � secured by this 3ecudty Insuument immediately before the taking.unle�Sorrower nnd l.ender otherwiae ngcee in wrlting,
<br /> - _= the gumo �ecured by thix Secu�ry instrument shell be reduced by the umount of the praceeds multiplted by th$following
<br /> —'-- fractfon: (n)the totnl umaunt of the suma secured immedtutely before ihe taking,divlded by(b)the fuir mn�lcet volue of ihe � --- -_=
<br /> Property immediately before the taking. Any balance shall be paId to Borrower. In the event of u partial takins of the
<br /> " Property In which the fi�r mnrket value of the Pmperty immedtately before the tuking ia less thun the amaunt of the sums __
<br /> secured immediately before the telcins. unle�as Borrower ond i,ender otherwise agree ln wdting or unless Applicable luw __
<br /> ? otherwlse provIdes.the proccedR shall bo nppUed ro the sums secured by this Secur�ty Insuument whether or�ot the sums are =__�_
<br /> then due. ���R
<br /> � •a. If the Property!s abundaned by Borrower,or iF.after notice by l.ender to Borrower that the condemnor offers to make �._ ,�� ___
<br /> an award or settle a cluim for demagea,Borrower fails to respond to Lender wtthin 30 dnys ufter tha clate the notic�is given, _= -
<br /> �� °°� ,"��"� Lender Is authorized to collect and apply the proceeds,at it�aptton,either to resturation or repair of thQ Property or to the ��;�o;
<br /> �;��:.„. :��
<br /> r�`�k'':�:'� k- sums sccured by this Security Insuument,whether or not then due. ""
<br /> J ' �,:�, :1:`.,.�.:•�... ;. �,:::.
<br /> . .,,.�:� �..•�-: ,..„ti Unlesa I.ender and Bocrower othenvise ugree in wrlting. any appllcution of proceeds to pdncipnl shall not extend or f:,�; �+-
<br /> • � ;,;.- . :: r, 4,.' postpone the due date af the mnnthly payment�rcferred to ln purngmphs 1 and 2 or change the umount oF such paymentx. �t;... ;_
<br /> :�.���' �. ��•'��sk''. 11. Borrower Not ReleASedt �rbeacance By Lender Not u Waiver. Bxtension of the time for puyment or �_,.�'`�-�---�--
<br /> (-.��. -. •� !, r.�`C'r M1.:::--�---
<br /> . �,��•.�..: : }:i•�. modiScatton of amortization of the sums secured by this Secu r ity Instrument gran ted by l.,�nder to un y successor ln interest ,.�Y,N;;�=-
<br /> • ,� a.L x�-___..;�:.'_- of Borcower shatl not operate to relcasc thc liabiliry of the origtnal Borrower or B�rrawer's successors in lnterest. Lender ����
<br /> �----
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<br /> �,� •'��., shall not be mquired ro commence proceedings against any successor in incerese or refuxC w Cxicnd ti�u� t'or Fayrizcnt or - .� -
<br /> �f .t� `i�� •- othenvise modify amortization of the sums secured by this Securiry Instrument by reuson of any demand made by the original .,��
<br /> � , - Borrower or Borrower's successors in lntcrest. Any forbeurnnce by Lender in exercjsins uny rlght or remedy shall�ot be a � .i���,�,,�,
<br /> � �� wuiver of or precludo the exercise of any dght or cemedy. . �#:�-_
<br /> • 12. Successors and Assigns Bound=Joint and Several I.iabtl(tyt Caslgners. The covenants und agrecmen�s of thie , �����
<br /> . • •• Security Inatrumant shall bind and benefit the successors and asstgns of Lender und Borrawer.subject to the provisions of . . ,;�,��ti;�
<br /> "' paragraph l7. 8orrower�covenants und agreements shall be joint and several.Any Borrower who co•si�ns this Security , ��;�„��,�_
<br /> Instrument but does not execute the Note: (a)is co•signing thIs Security Instrument only to mortgage,grant und:onvey that , • ��"-
<br /> � Borrowcr'�intcrest in the Property under the terms of this Securlry Instrument; (b)is not personally obligated to pay the sums , � �.��� _
<br /> .. secured by thIs Security Instrument;und(c)agrees thut l.ender and nny other Borrower may ngree to extend.modify.forbear
<br /> ;c.
<br /> or mnke any accommodations wtth regurd to the terms of this Securiry Instrument or the Note wtthout that Boirowerk � • .
<br /> __r_ consent.
<br /> , :_ . - ,
<br /> 13. Loan Charges. If the loan secureci by this 5ecuri►y In,truinc�►t ir subjeci ta a taw ultich sets mazimum osn
<br /> . _ -
<br /> charges,and that law is finully interpreted so that the interest or other loun chur�es callected or to be collected in connection • ,
<br /> • with the losn exceed the pertmtted limits,then: (u)any such lonn chnrge�hall be reduced by the amount necessary to mducc ; ,
<br /> the charge to the permitted limit;and tb)uny sums alreudy collected fram Borrower which exceeded pemtitted IimiGS will be •
<br /> � refunded to Borrower. L�nder may choase to make this mfund by reducing the principai owed under the Note or by makin�a
<br /> _ _ ...:,__...:.._ direct Qayment to Borrower. If n refund�educes principal,the reduction will be treated ar a purtial prepayment without uny ��
<br /> '_--,;.._,' - :
<br /> , • prepnymem chur�e under the Notc. l' �
<br /> , 14. NoticGw. Any notice to Borrower provided far in this Security Instrument ahall be �iven by delivering it or by . �•. .y•
<br /> � � malling it by first clnsz mail unle�s upplicublc luw reyuims use of another method.The notice shall be directed to the Property
<br /> ` '�'• Addretis or uny other address Borrower d�signatex by notice to Lender. Any nottce to l.ender shull be given by first clsss �,s ;
<br /> . ,,,.,
<br /> � •� mnil to Lendert uddresti stuted herein or uny other uddress Lender designates by nottce to Borrower. Any nottce provided for . ,�' .
<br /> � , in this Security Instrument yhull tx: deemed to have 6ccn given to Barrower or Lender when �iven us provided fn this . : , �
<br /> puru�raph. �:r;�v;
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<br />` IS. GovernM� Law:Severability. Thix Securiry lnstrum�n� sha11 be guverncd by federnt luw und the luw of the ,,,'jf`
<br /> � � jurtsdiction in which the Property i+IcxuteJ. In the evcnt that uny provision or cluuse of this Securiry Instntment or the Note , , �,, �A.
<br /> . • conflict+with upplicabie law,such cuntlict shull not uffect other provisionti of this Security Instrument or the Note which can ��'�
<br /> � ._ -�� „ . be given eff�ct with�ut the contlicting provitiiun. Ti�this end thr prrnisions of this Security Instrument und the Note are . _
<br /> � ' declnrcd to t�sevcruble. �
<br /> ,,'J�; � � 16. Borrower's Copy. Borrc�wer xhall be given one conformed copy of the Note and of this Securiry Instrument. .
<br /> � � � 17. 'Iransfer of the Property or n Beneflcial lnterest in Borrower. If all or any purt of the Propeny ar uny interc�,t in
<br /> �,� � it tr snld or trunsferred(or if u bcneficiul interest in Borrower is ,old or trunsfcrted und Borrower is not n nuturnl person) . � -
<br /> without Lender�prior written consent,Lender muy,ut its option,require immediate puyment in full of ull sumti securcd by .
<br /> � , thiz Security Instrumcnt. However,this option+hnll not be exenired by L.endcr it exercitie ix prohibited by fcdernl taw us uf
<br /> the datc of this Security Instrument. �
<br /> . " If Lender exercise:�thix optiun,Lender xhidl give Borrower notice of ucceleration. The notice shall provide u period of
<br /> „ not lesx thun 30 duys from the dutc thr nuticc iti delivered or muilcd within which Bonawrr must pay ull sums secured by this
<br /> Security in+trument. If Borrower fail. to puy the,c sum+prior to thc cxpirntion of this pericxi. Lender may invoke uny .
<br /> ' rcmedies permitteJ by this Security In.trumrnt without funher notice or demund an Born�wer.
<br /> , 18. Borro�ver's Ri�ht tu Reinstate. U'Borruwcr mects rcnnin rondition.r, Borco�vcr �hull have thc right to huvc
<br /> , � enforcentent of this Srcurity In,trument discontinucd ut uny time prior tu the carlier of: (u)S dayx(or such other period us
<br /> ' tim�ir F.unilp••Funnlc 11uc/Freddic�fnc l'fVIF(1R:N ttiSTRI'\ih:N'C••l�mt��nn C�,venanh 9/90 1/h+R�•���l�1k+x�c,
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