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<br /> - eondemnntiun or other tnking of any purt of tho Propetty,or fur conveyartce in Ueu uf eandemnatlan,o�a hereby arsigned uiid
<br />- - -`— ehall b�paid ta l.cnder. '
<br /> In tho event of a tatal taking of the Property. the proceeds ehsll Ix applied to tho �ums c�ocurcd by this Seturlty
<br /> . Instrument,whett�cr or not then dum,w[th dny oxccss paid to aomowcr. In tho ovent of s pAninl txlcing oP tho�rty In
<br /> whtch the fair merkat value of tho Property Immedlat�ly beforo tho taking is equm!to or�r�ater th*n the amount of t e eums
<br /> ��-- - - T - - sccureci by this Secudty inatroment immediatety ioofare iha taking.uniess Horrawer and[.�mier atherwi�;e ugit�e in wfiti��g,
<br /> _:_ -- — — tho sums sccurecl by�i�ta Secu�iry Iastrumcne sfi:slt isa reduced by the nntount of 1lt�pmceeds mi�l�iptied hy the frtllowing =_,_
<br /> _..,� fractlan: (a)tho wtat amount of the sums c�.,cured immediately before the taking.dividcd by(b)the fair market valuo of the
<br /> • Property immedIately befor�the tuking. Any balancc sha11 bo pnid ta Barrowcr. In the event of a Ranial tulcing of Ihe
<br /> .R, Property in which tha fair murket value of tho Pcwperty immediately befero tho ta0cing is tess than the amount of tho sum.s
<br /> secured immedi�tely befom the taking, unless Sorrower and Lender othe:wiac agreo in wdttng or unleKS eppticablG tew
<br /> oth�rwise providea,the proceeda shall be uppfIed to tha sums secur�ed by ttits Secudry Inshument wheeher or not tha Rums are
<br /> �, then due.
<br /> If the Property is absu►doned by Bormwer,or if.ntler notice by l.cnder to Bortower that the condemnor offern ta make
<br /> • • en award or senle u cleim for damages,Botrower fuils W respond to L,ender within 30 daya ufter the date tho notice is given.
<br /> }��, I.ender is uuthodzed to collect and appfy the proceeds,at its opdon,etther to testaration or repatr of tha Property or to the
<br /> ���;��'����+ ' sums secured by this Securlry G�sWment,whether or not ttien due.
<br /> J y LL�4~r`��,�' Unless Lender and Horrower otherwise agnee i�wcidng.any app9icotton of proceeds to pr�ncipal ahsQ not extend or
<br /> �''�"� �' �;` �'� hs 1 and 2 or chan e the amuunt of auch u ents.
<br /> �'•�•� '�"' ne the due date of the monthl a �enta referred to in aragrap B P Yrt►
<br /> +f�cl;�:�`"�`t P�� Y P Y� P
<br /> � ..;,.,�;�a�-�4 11. Borrower Not Released; Farbearance By Lende� Not a Wafver. Extenston of the tirtro for payment or
<br /> �.`"'':'�':`.��'•'.:... modificudon of iunortizution of the sums secumd by this Secudry Instrument granted by Lertder w uny successur In interest
<br /> 'r`'.�'� � '`•�'��'• af Borrower shatl not opernte to�+elease the Itabillty of the original Borrower or Borrowerk successors in Interest.Lendee -
<br /> �..�-.�,
<br /> � -- -= shait nat bcrcquxrcd to cammence psocc..°dfngs agaislst any sacces�+!r 4n intFrPCt�r mfim,e tn exterui time fer paymertt or —_
<br /> otherwtse modify amortizadon of the sums secured by this Security Instrument by reason af any demund made by the original
<br /> Borrawer or Borrewerh successors!n interest. Any forbearunce by Lender in exercising any dght or remedy shull nat be a
<br /> � � � • wuiver of or preclude the exercise of any rfght or remedy.
<br /> � ' ' 12. Successors and Assigns Boond;Jotnt and Severa!Ltability;Casigners. The cavenants ar�d ngrcementa of this
<br /> Securiry Instrument shall b(nd and beneflt the successors and c+ssigns of I.�nder and Banower.subject to the provisions of
<br /> � " puragruph 17. Bomower!s wvenants and agreements shall be jolnt and severul. My Bonower who casigns this Security _
<br /> � Inatrument but does not execute the Note: (a)is casi�nins thts Secudry Insuument only to mortguge.grant and convey that
<br /> � „ Borrower�interest in thc Property under the terms of this Securlry InsUument: (b)is not petsonally obligated to puy the snms
<br /> � secured by this Secudty Instrument;and(c)agrees thut L.ender and any other Borrower may agree ta extend.modlfy.forbear
<br /> or make any accommodattons wlth re�nrd to the terms of this Security Insuument or the Note without that Borrower�s
<br /> - con.,ent. .,
<br /> .'.��:��• 13. Loan Char{�es. If the loan secured by this Secur�ty Instrument is subject to a law which sets mnximum loan
<br /> � ��`ci' chnrges.and that law is finally interpreced so that the interest or other loan char�es collected or to be collected in connecdon
<br /> � •, " ' with the lonn exceed the petmitted limtts,then: (a)nny such loan charge shall be reduced by the amount necessary to reduce
<br /> . the cberge to the permitted limir,and(b)any sums ulreudy collected from Borra�ver which exceeded permitted ltmits wlll be
<br /> refunded to Borrower. Lender muy choose to make this refund by reducing the principal owed under the Note or by making a
<br /> direct payment to Borrower. If a refund mduces principul,the reduction will be treated as a partial pmpayment wlthaut nny
<br /> � prepayment charge under the Note. - -
<br /> � 14. Notices. Aay notice to Borrower provided for in this Securiry Instrument shAll be given by delivering It or by ! v
<br /> ' mailing It by frst clusti mnil unless applicable law requires use of another method.The notice shall be directed to the Property —'�-
<br /> Address ar uny other uddmss Borrower designates by notice to Lender. Any notice to Lender shall be given by ftrst class �'=�
<br /> • � mail to Lenderk uddress stated hcrein or uny othcr address Lender designates by notice to Borrower. Any not[ce provided for
<br /> " in this Security Instrument xhull bc deemed to huve been given to Bamower or Lender when glven as provIded in this .•'
<br /> -�
<br /> nrnrnh
<br /> P �IS Governin� I.aw;SeverAbility. This Security Instrument shall be govemcd by federat law and the tuw of the �
<br /> jurisdiction in which the Propeny is locuted. In the event thut any provision or cluu�e of this Secarity Instrument or the Note °
<br /> conflicts with applicable law,tiuch ronflict shall not uffect other pmvi�ions of this Security Instniment or the Note which cun �
<br /> . be given effect without the conflicting provi,ion. To this cnd the provisions of this Securjty Instrutnent sind the Note at+e •
<br /> = declt+red co be severuble.
<br /> 16. Sorrower's Copy. Borrower�hull be�iven nne conformed copy of the Note�nd of this Serurity Instrument. .
<br /> 17. lhansfer of the Property or a Bencficiut inferest tn Borrower. !f all or uny pun of the Pro�crty or nny interest in ��
<br /> it is sold or transfcned(nr if u bcneficial interest in Borrower is sold or trumferred und Bortower is not a naturnl person)
<br /> without Lender's prior�vritten coment, Lendrr muy,ut itti optinn,rcquirc immediate payment in full of ull sums secu�ed by
<br /> , this Security Instrumcnt, Howevcr,thi+option shall not bc cxcrciticd by Lendcr if rxercisc is prohibited by federal law us of
<br /> tlie dnte of this Security Instrument.
<br /> If Lender excrcises this optiun.Lrnder shull give Borrower notice of acceleration. The notice shall provide u period of ,
<br /> � not Icss thun 30 dayti from thc dntc thc notice is dclivcrcd or mailcd within which Borrower mu.t pny ull wms securcd by this
<br /> Security lnstrument. If Bormwcr luilz to puy thesc sumx pri�r to the expiration of this Exriod, Lcnder muy invoke any
<br /> remedicy permitted hy this Security Intitrument without further natire or demanJ on Born�wer.
<br /> ' 18. Borrower's Ri�ht to Reinstate. lf Borrower nucts rrnuin condition., Burn�wcr shall birve thc right to have
<br /> enforeement of this Securiry Instrument di+cuntinurd at uny time prior tu the earlier of: lal S day�(ur such i�ther period as
<br /> SmElr Famlq--Funnic�tuclF}cddic�fuc C11FORtit Iti51'Rl'�1F.N7'..Vnd��mi Cuccnam. 9�9U tp�u;r J a�A/�uRe.+l
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