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<br /> ti.;•:.N '� condemnntton ar other taking of any purt of thc Property,ar for convcyance iri lieu af condemnation.are hercby a»si�ncd and �."-•�=��-�__-° '
<br /> ;TJr...i� �h. •
<br /> ,�,_;..,,,� . . ehallbepaidtolxnder. �L?�� --.--
<br /> • '� In the event of A tatal takins af the PmpeAy, the praceed�s ehall be upplied to the xumR recured by thix Seeurlty �`H` �.�,�__.-
<br /> Insttument.whether ar�at then duc.wlth any exc�sg patd ro Borrower. In thc event of a purtial tnking of the P�operty in l�,f�:�'�°��--
<br /> - ' ° whtch the fui�market vnluc af the Property immedlately before the talcing is equal to or gt�enter thun the umaunt of the sums -• �':�:�x�=��:;:.-___.T-
<br /> � �i ,� : •• ,,ecured by thir�Security instrument immediutcly beforc thc u►king,unles�;BoROwer und i.eader atherwlse agree ln wdting. ° a;;, —_ --_-
<br /> �'"'�•. ��• �'�'� the sume secuned hy thls Secudry Instrument shall ba rcduced by ihe amount of thc pmcceda muldplied by the fallawing ;.• '�'_
<br /> �H frucdon: (a)the tatul umount af the sums secuted immediutoly before the taking,divfded by(b)che fair mar ket value ot't he • ���=r;.�,'
<br /> � � ^ � Pro rt immedlntcl bafore the tukin . An balsnce Fhnil be uid to Horrowcr. In the event of A partiul taktng of the � ....�.��=y:�
<br /> ,* , Pc Y Y 8 Y P ..L..: .���,
<br /> � , „ . Praperty in which the fuir murket vulue of the Praperty immed[utcly before the taking is tess than the amount of thc sums , . :°;n;-
<br /> � ' � i recured Immediatcly befare the tuking. unless Borrawcr und I.ender othcrwisc ugree in writing or unless applicable luw � ��
<br /> • � othcrwisa provIdes.the proceeds shnll be applied ro the sums secured by thix Security lnstrument whether or not ths sums are ' _ _
<br /> � then duc, . -
<br /> lf the Property ix ubAndoned by Borrower,or if,uftcr notice by L.ender to Borrower thut the condemnor offers to muke —
<br /> , � an award or settle a cluIm for damuses,Borrower fnils ro respand to Lcnder wlthi�3Q duyx uftcr the datc thc notice is given, , _='
<br /> .�, � Lender is Authorized to collect nnd apply the proceeds,at itti optton,either to rcstorntian or repnir of the Property or to the , _ �;
<br /> /1 .. , sums secured by this Security Instrument,whcther or not then due. " ''�'
<br /> Unless Lender und Borrower otherwise ugme in writing. uny upplicution af proceed�tu principal shall not extend or �.
<br /> postpone the due date of the manthly payments referrec!ro in para�ruphs 1 m�d 2 or change the amount of such puyments. � a
<br /> IL Borrower Not Releacedt For6earancc By I.cnder Rat a Wniver. Extension of thc time for pnyment or � : ����•
<br /> modi�cation af amortlzation of the xums secured by this Security Instrument�runted by L.ender to any+uccessor in�ntere.r•t •• . �����_
<br /> —�' " -"- ui'Burrvwcr si�ali rwt upctatc Iu�cicd+c tlic liab!lity o}'thc ariginai [3orrow•cr or Borruucr's succt�sar:in intemst. Lender �----;r- -:�
<br /> shull not be required to commance proceeding�ugninst uny successor in interctit or refuxe ro extend time for pnyment or �� .' ,.-�-'�'�-
<br /> ° �, �: . ° atherwise modify amortizution of the sums secured by thi�Securiry lnstrument by reuson of uny demund mude by the originul •� -
<br /> ' � i Borrowcr or Borrower's successorl;in interetit. Any forhearance by I.ender in exercitiing nny right or mmedy shall nat be u , , ; �� ' �
<br /> watver of or preclude the exemise of uny right or remedy. � -
<br /> � r, I 12. Successors and Axsigns sound;Jolnt and Severat I.tabillty;Casigners. The covenants ur�d ngrcements of this � � ■�
<br /> . � Securiry Insnument shall bind nnd benefit the tiuccessors and ussigns of Lender and Borrower,subject to the provisions of ��� �•. �
<br /> . purugroph 17. Borrower!s covenams und agmements shall be joint und severul. Any Borrower who ca-signs ihis Security � •." -'+.- �
<br /> � , Instrument but does not execute the Note: (u)is co-signing thiti Securiry Inxtrum�nt only to martgage, grant and comcy that -. ��.
<br /> Borrowcr's interest in thc Property under the terms of thix Securiry Instrument: (b)is not personully obl igated to pay the sumti _„.�i,s�
<br /> . , secured by this Security instniment;nnd(c)agreec thut Lender and any other Borrower muy ugrce to extcnd,modify,forbeur >�j��',-,�
<br /> --- or makc �ny �ccommodntion� with mgard m shc tcr+m „f�hi. Securiry In�trumem or �hc Note without thut Bonowcr's _...._: •_�•i_'.�"..�;
<br /> -----__— _--- consent. -——��;r,;, ; --.
<br /> 13. Loan Charges. If the foun secured by this Security Intitrument is suhject to u law which sets muximum loun "''`:'`�'
<br /> , .. charges,and that law is�naqy interpreteJ.r•o that the interest or other laun churges collected ar to be collected in connertion {
<br /> .�..<:t
<br /> with the lonn exceed the permitted limits,then, (a)any xuch loun rhurge shall be reduced by the a�nount necessnry to reduce ,� . . 1�:� �
<br /> .' the char�e to the pertnitted limit;und(b>uny sumti ulrendy collected from Borrower which exceeded permitted limits will be �
<br /> ` refunded to Bonower. Lender may choo�e to mpkc this rcfund by rcducing thc prinripal owcd under the Note or by muking u f V_'�,�
<br />_•.. . .: .. . . .
<br /> � direcc a men<<o aorr��wer. N u refund�c.Iu�e, �i���i �i,tli� r�Ju:tiun uilt i�,:trcatca a:;a artial^c..^°•'r�er.t:�ithout an• �
<br /> P Y P P P r�r�o � 5 --
<br /> '' prepayment charge undcr thc Nate. t�• �
<br /> 14. Notices. Any nolire to Bnrrowcr provided fnr in this Security In�trument+hull be givcn by delivering it or by . !�� i
<br /> muiling it by first class muil unlexs upplicuble law requireti u�e i�f unother methc�d.The notice shull be directed ro the Propeny �:�/��.�
<br /> Address or any other nddress Borr��wer designute+by n��tire to I.endec Any noticc to Lender shull ix�iven by fir�t etasti �'� .. •3'
<br /> � muil to Lender ti address stuted herein or any�thcr uddrrs+l.cndcr dc.rignt�tcs hy notice to Rorrowcr. Any notice pmvided for
<br /> ' in this Security lnstrument zhull t►c deemed to huvc bcen givcn to Buaawer or Lender when given as provided in thix ���,,, � .�
<br /> � • � paragraph. • �::�'i�
<br /> IS� Governin�l.aw: Severability. This Security lnstrum�nt �hull lx govrrnrd by federal luw and the law nf the � ^ :--�.,��"
<br /> jurisdiction in which the Property ix locuted. In the event thut uny pr�wi,iun or rluu.c of this Security Instrument or the Note r�'"-' ' ''�
<br /> . canflicts with ttpplicable law,tiuch conFlirt�hull not uffrrt othrr pmvi+ionti of this Securiry In�trument or the Note whirh run • • 4:
<br /> ' be given effect without the cemflicting provi+i�m. 7b chiz end the pravi.�ons i�t th�.5ecur�ty tnstrument and the Note Arc i �,�,',
<br /> . dcclared to bc scvcrablc. � �
<br /> 16. Borrower's Cupy. Bonower,huil tx givcn unc cunli�ro�rd cupy uf Qk Nut�.►nd of thi,Security lnstrumcnt. ;
<br /> 17. 7Ynnsfer of the Pruperty or U Beneficial Interest In 8orr<�wer. It'ull or uny purt of the Pm}xrty or uny intcrost in I � , �_ .
<br /> it is sold or trnnsfecred(or if n beneficinl intere.t in Borcowcr i� �old or trun.frrrtd s►nd BoR<�wer is not u nututul per�an) �
<br /> � without Lcnder's prior written coment,l.ender may.ut its option,rcyuirr immrdiatr puyment in full c.f all sum�+ccurcd hy � •'�
<br /> . this Securiry lnstrument. Howevrr,this uption tihall not tx:exrrci�rd by l.cncicr it'excrci.r i,prohihited by fedcrul Inw us of ' •
<br /> the dutc of this Security Inxtrument. ' ,
<br /> If Lender exercisex thir option,Lender+hutl Five Borruwer notice of acceleration. Thr notirc�hall pmvide u Exriod of
<br /> not les+than 30 days from the dntc the notirc i.delivered or muilcct within which Borro�vcr mu�t pay ull xum�ticrumd by this •
<br /> ' Security Instrument. If Bonower fuils to pay thr+e +um.prior to thr rxpir•rtion af thi+ �xri��d, Lendrr may invuke any �
<br /> • remcdies pertnitted by this Serurity lnstrumcnt without further n��ticc��r drmund on BoRUwrr. '
<br /> . 18. Borrower's RiRht to Reinstate. If Borrowcr mcrt. renain cnnditiim.. 9orn�wer .hall havr thc right to havc �'
<br /> . � enforccment of this Scrurity In+trumcnt di�rontinurd ut any timr prior tu thr c•rrlicr ut: (a)5 diry.le�r xurh othcr}xriod a�
<br /> � SmEle F:�mily..Fannie�lue�Freddle Muc l'VIFOR\t 1\tiTRI'1tF:\T�•t'ndurmCo�enanh 9/90 q�uA��t oje/w.pr.�i ,
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