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<br /> cnndcmnadon or other inking of any part of the Praperty.or for convaynnce in lieu of condemnadon,arc hereby assigned and - -� ------
<br /> ehall be paid ta I.ender.
<br /> In the Gvent af a cotnl taking of the P�+openy. th�e proceeds ehall be uppiied to tha sums secured by thl» Sccuriry
<br /> � ___.__._�. _.�. Insuument�wluther ar not then du�.wlth any exass paid to aouowcr. !n the event of a partiai taking of the Property in
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<br /> wh[ch the Puir murket vulue af the Property immediutety before the taking ls equal w or gneater thart the amount af the suma �
<br />-__;' �ecut�d by this Secudty lnstniment immediately bofore tite taking.unless Burnuwer and Lender otherwiso agrce In tivdtir►g, �
<br /> the aums secured by this Security Inshument ahell be reduced by the umount of the proceeds muldplied by the following
<br /> `;' fractton: (a)the total amount of the sums secured immediately before the teking.divfded by(b)the fnir madcet value af the
<br /> PonpeRy immediately beforc the taking. Any balance ahall be paid to Horrower. In thc event oF a pruti�l taking of the
<br />- � i„ � Ptaperty in whi¢h the fair macket value of the Propeety immedistely before the takins Is less thun the nmount of thg suma
<br /> ^y' ,. sscured immediately befare the taking.unlcss Botrower and i.ender othecwlse agree in wdtIng or unless appllcable law
<br /> ���,�_.,,:� othenvise pmvjdes.tho proceed.g shNl be applied to the sums secured by this Secudry Instrument whether or not the sums are
<br /> �..,.. � -_ _ ...._ _
<br /> �.��,,',Y�° thendue. �_
<br /> • :-�,-x._--:.•���•-.�-•�1. If the Properiy ls abandoned by Bomower.or if.after notice by Lender to Borrower that the condemnor offern to make
<br /> �''y� ,.''�;' :.:; no uward or settle u claim for damnges.Borrower fails to respond to Lender wlthin 30 days after the date the nottce Is given, c-=-- --
<br /> , ;;;�'�Ir���'`�� ��a � Lender is authorized ro collect and apply the praceeds,at ita opdon,elther to rc�taration or repatr of the Property or to the
<br /> 1 '- � , sums secured by this Securlty Insqument,whether or not then due. —
<br /> °,',,1 Unless L.ender und Borrower otherwisa agrea in wrlting.any upplication of proceeda to princlpal shall not extend or
<br /> i°� "'•"`� • poytpone the due datc of the monthly payments refernd to in paragraphs t and 2 or chunge the umount of such payments.
<br /> ��'��":� " • -.. I1. Rorrower Not Rele»sed; Fort�earance B I.ender Not a Watver. Extension of the time far payment or .��--
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<br /> •• • , modificAtton of umortization of the sums secured by is Securtty Instrument granted by Lender to any successor In interest
<br />� '� "�--------- U{BUI'[VWC(RIIifII IWL V})CIi1�C IV ICICIf.1C�IIC�tiiLlll(�/ VP IItC Ull�ttltll BV[lUWCI Ul SUI1UWCt D�U1:LZSAOIb{n Ittteresi. Leiidec F`���;_�--�--.
<br /> •• shall not be requir�ed ro commence proceedings against any successor in interest or refuse ro extend Hme for payment or �=-.;°r�;;
<br /> � - ' otherwise madify umoKizution of the sums secured by this Securiry Instrument by reason of any demand made by the uriginal
<br /> „ Borrower or Borrowerk successors in intercat. Any forbeurance by Lender in exercIsing any rtght or remedy shall not be a "�.�'%`�_
<br /> •. wAiver of or preclude the exercise of any right or remedy. � ' ���'`
<br /> . � • 12. Successora and Assigns Boand;Joint und Severai Ltability;Caslgners. 't'hs covenants and agreements of thts `.;��',,�
<br /> Securlry Instrument shall bind and benefit the successors and assigns of Lender and Borrower.subject ta the provisions of ;��,,';�. ,_
<br /> ' pnragraph 17. Borrawert covenants and agreements shall be joint und several. Any Borrower who co-signs this Security =
<br /> ' Instrument but does not execute the Note: (a)is casigning this Securiry Instrument only to mortgage,6rant and convey that � '
<br /> , Borrower�s interest in the Propeny under the terms of this Security Instrument; (b}is not personally obligated to pay the sums ° ?Y`
<br /> ' secumd by this Security Instn�ment:and(c)n�rees thut Lender and any other Bonower may agree to extend,modlfy.forbear ' � '.�
<br /> —`-_-- or mal:c any accammodaiions with regard ta ihe iesms of this Secnrisy Instnsmestt or the IVote u+ithont thnt Borrowerk _ , _ _ _
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<br /> ' ., consent. ;� `
<br /> 13. I.oan Chargea If the loun secured by this Security Instrument is subject to a luw which sets maxlmum loan „ ': • _
<br /> , churges,and that law is finally interpreted so that the interest or other loan charges collected or ro be collected i�connection ';a:_;-
<br /> � with the loun exceed the permitted limits,then: (a)nny such loun charge stwll be reduced by the amount necessury to reduce
<br /> the chnrge to the permttted limir,and(b)uny sums almady wllected from Horrower which exceeded permitted limtts wfll be •:�,f:`=�
<br /> refunded ta Borrower. Lender muy choose ta make this refund by r+educing the principul owed under the Note or by makin�a
<br /> � direc[payntent tu nutruwer. tl it IC�WIU�CISUIC.I�11171�1N�1��ti�c: �caiu�iivu wili Lc i�catcJ a+u Na�fiul pic}:ay�iicui w�Qiwut wiy =- -__;
<br /> pcepuyment churge under the Note. ��i:��-
<br /> � 14. Notices. Any noticc to BnROwcr provided for in thiti Security Instrument shaII bc given by delivering it or by �i
<br /> muiling it by fint cluss muil unletis upplicuble law rcquires use of another method.The notice shall be directed ro the Property ' Y���
<br /> Address ar uny other address Borrower detiignutes by notice to Lendcr. Any notice to Lender shAll be given by tirst clutix •�
<br /> mwil to Lender's addmss stated herein or uny othcr uddrcxs I.cndcr designutcs by noticc to Borrower. Any notire provided for . .. �`
<br /> in this Scrurity Instrument shail bc deemed to have hecn given to Borrower or Lender when given as provided in this ''"'
<br /> . parugraph. -"�:
<br /> , I5. Governin�Law: Severability. This Sccurity Instrument shull be guvemed by fedcral law und thc lnw of the . '���i'Y'
<br /> � jurisdictian in which the Property is lautcd. In the evcnt th;�t uny pmvi+ion or rtau,e of this Secu�iry In�trument or the Note ' "l�""
<br /> � conflicts with upplicublc luw,xuch conftict shall not uffcrt othcr provision.of this Scrurity Instrumcnt ar thc Natc which can
<br /> be given effect withaut thc cantlicting provi,ian. Ti>thi+end thc pmvision.ot'this Sccurity Instrument und the Note ure ,.
<br /> declared to be severuble. •
<br /> 16. Bot'�ower's Cupy. Borrowcr shall br givcn onr cunfumird cupy�if thc Nutr und of this Sccurity In.trument.
<br /> ' . 17. 1Yansfer of the Property or a Beneflcial Irtterest in Borrower. lt ull or uny pan af thr Property or any interest in
<br /> it is sold or transferred (or it a heneticial intrmst in BoRnwrr is sold or trunsfcrnd and Barmwer is not u nutural penon)
<br /> ' without Lender's priar written conxent.I.cnder muy,at its option, rcyuire immrdiute puyment in full of all sums secured by �
<br /> this Security Instrument. However,this option shull not tx exrrcised by Lender if�xerri.c ix pmhihited by federnl law as of
<br /> thc dnte of this Securiry[ntitrumcnt.
<br /> , If Lender cxercises this option,Lender�hall give Born�wer nutirr nf acrelerution. Thr noticc+hall pmvidc u period of
<br /> not lesx than 30 duys fmm thc d:stc the noticc is delivrrrd or mailed within which Borcowcr mu�t pay all tiums xccumd by this
<br /> . • Security Instrument. If Borrowrr fuilti to puy thrx .um.priar te�the expiraticm of thi. period, Lender may invoke any
<br /> mmcdics permittcd by this Security Instrumcnt without furthcr noticc or Jcm:tnd un Borc��wrr.
<br /> 18. Borrower's Ri�ht to Reinstate. If Borcuw•cr mcrt.ccnuin conditiimw Boai�w�cr .hall huve the right to huve
<br /> enforcement of thia Sccurity Instrument discontinued at uny time priur t��thr rarlirr of: (al S day�(or�uch��ther period a�
<br /> , Smglc Family--Fannle!►ine/Freddie�tac l'ti1FOlt�t 1`tiTItCNF:NT-•t�ndunn<'u�cnant, 9l90 �p�ep��a nje/wKe.��
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