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<br /> __-- -� condemnntton or ather t�tcing of any psui of the Pra�crty,o�r for cnnv�ynnco in Ileu of cundemnation,nrc hercby assi�ned�nd
<br /> ehall b�paid to L.cnder.
<br /> In tho event aY a total tukin�of the Prapecty. the prc�ceeds shnll be applied to the sums secured by thix Security
<br /> Instrument,whether or not then due,wtth uny cxcess pnid ta liorrower. In the event of a paAful taking af thc Froperry 1n
<br /> __
<br /> whEch tha fntr mnrkat value of the Pro�erty immediately befare tho taking Is equal to or grenter thnn the amount uf the suma —
<br /> —? — secured by this Security inatrument lmmedintety befare the tukinB,unless Barrower und Lender�therwise agrce in writing,
<br /> =� - -- die r,uma s�curcd by this Sccudty Instrument shnll he reduced by tha c�maunt of the prciceeds mulNplicd by the Folluwing �_ __.__ __ _ ,
<br /> fruction: (n)the totnl amoimt af the suma secured immediutcly befon:the taking,divlded by(b)the fair markct vnluo of thc
<br /> ^�' Property immediutely befare the taking. Any b�lance shall be paid to Borrowcr. In the event of u pnrtial taking af thc
<br /> '�; Propeny in which tho fair murket value of the Prcpe»y immediutcly befure the tc�king is lesx thun the amaunt of thc �umx
<br /> ssecumd immediutely before the taking,unless Borrower und Lender atherwine ugrce in writing ar unless upplicable Inw
<br /> otherwiFe pravldes,the p[oceeds ahall be Applied to thc sums cecurcd by ehix Security Imtniment whether or not the sums ure
<br /> � then due.
<br />__ ., if the Property is abandaned by Borrowe�,or if.nfter nottce by Lendcr to Eiorn►wer that the condemnor offers to make _ ,_, _
<br /> '��" an award or settle u claim for damugos,Barrawer fuil�to respond ta L.endcr within:i0 days after thc date the notice fs�ivcn. � _
<br /> �+� Lender is nuthorized to collect und apply the procecda,ut itx aption.efthcr ta restomtion ar repuir of the Propeny ot ta the
<br /> � , sums secured by this Secudty Instrument.whether or aot then duc. - _ _
<br /> - Unless Lender and Horrower otherwlse agree in writin�,uny u pticattan of pmceeds ta principul shnll not extend or
<br /> �, I
<br /> .. postpone the due date of the monthly payments referred to In pwugrup s 1 und 2 or chunge thc wnount of huch payments.
<br /> 11. Borrower Not Released= Forbearance By Lender Not a Waiver. Sxtenxian af the time for puyment or
<br /> modiftcatlon of amortization of the sums secured by this Secur�ty Instrument grnnted by Lender to any successor ln interest
<br /> , --
<br /> _:��'�!�'�' �f B�rr►wer shall not o rnte to�+e�ense the tisbility of the uri�inul 8areawer or Borrowerk xuccessan in interest.Lender �,,,�„_-_ - -
<br /> '�'�s��;� ���*s*r�' shall not be required ro�c ommence prucee dings ng�ns t uny successor t n i n t e re s t o r r e f u s e c a e x t e n d t i m e f o r p u y m e n t o r ����•_
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<br /> . , � • otherwt�e modify umortixntion of the sums secarcd by this Security Instrument by reuson of any demund made by the ori�innl
<br /> �' ' Borrower or Borrower�successors in interest. Any farbearance by Lender in exerctsing uny�i�ht or remedy shull not be a `b' 'f;�'
<br /> ' �. :_; ,.. ;;�;-
<br /> .•," Q:.��.. +�`' :: waiver of or preclude the exercise of any rfght or remedy.
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<br /> �„. 12. Successors and Assig n a B o u n di,l o i n t a n d S e v e�u l L i abilit y;Co•si gners. The covenants und ugrcemems of ihis �• ,��1";
<br /> ��,H'' Security Instrument shall bind and benetit the succesxon und avzigns of Lender t+nd Borrower,subject to the provistans of
<br /> 6"�'�� � • puragraph 17. Borrower's cavenants and agreements shull be jotnt And severnl. Any Borrowcr who ca-slgns this Security �''�' .
<br /> ''"�''` ` � Instrument but docs nat execute the Note: (a)is co-stgning this Secudty lnstrument onty to martgage,grunt and convey that ,�,�:�'
<br /> Borrowcr s intemst in the Propeny under thc termx of this Securiq•lnstrument; (b)is not per.:onu�ly obligated to puy the sums _— _
<br /> secured by this Security Instrument;und(c)ugreeti that L.ender and uny other Borrower muy ngree to extend,modify,forbear , x �
<br /> �� � or make uny accommodations with regurd to the terms of this Security Instrument or the Note without that Borrower's , � � .
<br /> „ . :�
<br /> - _. _ . zonsent. •
<br /> �� � 13. I.uan Char�cw. If the loun xecured by this Security Instrument is subject to a !uw which sets muximum oun � •
<br /> - - •-
<br /> �� churges,and thut law is finally interpmted so thut the interewt or other loun churges collected or to be collected in connection . �
<br /> u wlth the loan excecd the�x:rmitted limity,then: (u)uny such loun churEe shull be reduced by the umount nacessc►ry to mduce
<br /> p the charge to the pennitted limit;und(b)uny sums ulreudy coltected from BaRawer which exceeded perniitted limitti will be
<br /> ` refunded to Borrower. l.ender may choose to muke this refund by reducjng the principul awed under the Nate or by mufcing u
<br /> �,.. dircct payment to Borrower. lf n n•fund mducr�principnl.the reduction will be trettted us a partiul prepuyment without uny __ •
<br /> � pcepuyment churge under ihe Note. ��
<br /> . . , 14. Nottce�. Any notice to Born�wer provided for in thi�Security Instrument shall be given by deliverin�it or by . /
<br /> � muiling it by first cluss mui�unle►s upplicuble Inw rcquires uxe of unuther methal.The notice shall be directed to the Pcape�ty
<br /> � + ' Addretis or nny other address Borrower dexignutes by notice to l.ender. Any notice to Lender shuU be Siven by first cluss ,�,
<br /> muil to Lendcr's addmss sluted hcrein or uny othcr uddress Lcndcr designutes by noticc to Borcower. Any natice providcd for .�..w
<br /> �� in this Security ]nstrument tihull bc decmed to huve tkcn givca to Borrowcr or Lcndcr when given us provided in this „�:.
<br /> �. j „ puragruph. . �� ��
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<br /> 18. (iovernin�I.uw;Severab111ty. Thiy Securiry Instru�rnn[ shull bc govcmed by frderul luw und thc luw of the �.,y��"�.
<br /> • jurisdictian in which ihe Pmperty i.locuted. In thr event thut uny pruvi�iun or rluwr uf thi�Sccurity Inrtrument or the Notc ,t��,.. .
<br /> conflicts with appHcuble law, such canflict tihull not uffert uther pmvisions of this Securiry Inxtrument or the Nnte which cun ;_
<br /> . , _ .-_... . he giveo effect withrnit the conflirting provi+ion. Ti�thiti end the �tn�vi�iott�of thi+ Security Imtrument und thc Note are ..,..,,..-.',.::_-
<br /> , declumd to be+cveruble.
<br /> ' 16. Borrow�er's Copy. Horcower shull lx Eiven one conl'ornieJ rupY of the Nc�tc:►nd af this Security In.trumrnt.
<br /> , , ' , 17. 1YunsPer oPthe Property orn Beneficiul Interest in Burrower. If nll or uny pan nf�hc Prnperty or uny intcrext in ,. , ,.
<br /> ° it is sold or trnnsferred (nr if u beneficiui inten�.t in Biirruwer i+�old ur tranxferrcd und Bi�rrowrr is not u naturul person> . .
<br /> „ without Lender.prior wriuen conscnt.Lender muy.i�t it+uption.reyuim immedi�uc paynunt in full of ul! sum.securcd by . .
<br /> � this Securiry Instrument. Howcvcr,thi�nption tihull nut ik cxcrci,ed by Lrndcr if cxrrritir i�prahibited by fedcrul luw u�of ` .
<br /> ' the dute of this Security Instrument.
<br /> � If Lender exercities thiti option.Lendcr tihull give Burrower natice of uccclrruticm. Th�notice.huQ providc u pericxl of
<br /> � ^ _ not less thun 3O duy,from Ihe datc the nntice i.drlivend ur mi�iled within whirh Borrowcr mu.t pay uU sum�+ecured by thi, ,
<br /> ��� Security lnxtrument. lf Borrower fails te�pay thetic �ums prior tc� thr expirutiun uf this �xriixf, Lcndcr muy invoke uny
<br /> ' rcmedies permitted by thix Sccurity Instrument withaut further noticr ur demimd on Borrowrr. , „
<br /> : � 18. Borrower's Right to Reinstate. If Borrc>wcr mect. ccrt•rin ronditian+. B��rro�rrr .hull huve the right to huvr
<br /> ' � } � enfomemcnt of this Scrurity lnxtrument di,runtinurd at s►ny time p�ior to thc curlier��f: eau S diryx�or tiuch othcr pericxl ax
<br /> .. .. Sinpk I:+mih-•Funnlc MuelMreddic�tuc I'\IFUN11 INti7'NI'�tF.1'1'..l'nrtum�c'���rnant. Y/90 q„e.qr d n�h p,tA��.0
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