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<br /> � �. ��°�'""!"=s'"'� condemnutian or ather takins af uny ptut of tho Propecty.or far conveyunce in licu of condemnntion.are hcreby uxsfgacd und ""'""`-
<br /> ,:���.,,,� -• • �
<br /> �t,��E�. ehull be paid to Lender.
<br /> �-" � In the event af a towl tak8ng of the PropeRy.the proceedg ahnll be upplied to the�uma necured by thfa Security
<br /> � '�'""'' InsuumenG whether ar not then due, with any excess paid ta Boirawer. In the event of u purtinl taking of�he Property In
<br /> '.t •�,..� ,_
<br /> .t;i , which the fair mnrket vnlue of the Property immediately before the taking is equal to or greater than the amount of tho sums
<br />_- r�,. .. s � secund by d►is Security Instrument immcdiately beforc the taking,unlEws Homnver and Lender ott�erwlse agrc� in wcltin�, G-----_-= --- -
<br /> = •�••-= -� �� the suma r,c.�:ured by this Secudty Instrument shall bc reduccd by the umount of thc mcesds mt�ltiplied by the followi�� �- _ .T � �
<br /> - _
<br /> � ���:��+•;;� ":'::`%' fruction: (a)tha tatal amount of the sums secured immediatcsly before the wking,divi ed by(b)ihe fuir mterket value of tha �
<br /> �:'--,• �'"'. � ' Property immediutely before the taking. Any bnlance sholl be puid to Bocrower. in the event of a partial tuking of the =
<br /> � .• � Property in which the fuir murket value of the Property immcdiately befare the taking is lcss thnn�he umount of the sumx ����--
<br /> v�:_._._
<br /> -��� � ^ secured immediately before the taking,u�less Borrower and Lender otherwtse a�me in writing or unless applIcable law -�.___ _
<br /> ' .� „ othenvtse provldes,the praceedR shall be applied ro the sums�ecured by this Security Instcument whether or not the suma nre ;.•,.��:-__—
<br /> r�E.__
<br /> ,� ihen due.
<br /> 1 ufter nodce b Lendcr to Bormwer shut the condemnor offers to make ',�`:s'^=-�_ - _
<br /> ' ' - � If the Property is ubandaned by Burrower.or If. y -•r:,�u�,;-�„;;
<br /> � un s�ward or setNo�claim for damages,Borrower fulfx to respond to Lender wIthin 30 days ufter the dnte thc notice is given, ••,.• __r�-•� _
<br /> ,. " !�'IF�i=."a_;
<br /> . � Lender i5 authorfud ro coltect nnd apply the pmceeds,at iGs opt[on,eithe� to restoration or re air of the Pro rt or to the -�--�--
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<br /> sumssecured by this Securiry Insuument,whelheror nat then due. � ;�°E'�`�`"
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<br /> f� ' . Unless l.endcr und Borrower othenvise ugree in wrlttng,uny upplication of proceeds to pdncipul shall not extend or �„ �:;.
<br /> �' postpone the due date of the monthly payments referred to in paragraphs 1 und 2 or chnnge the nmount of such payments. `�,;,����•�'
<br /> � 11. Borrower Not Released; ForbearancE By I.ender Not a Waiver. 6xtension af the timo for puyment or ' • �='�`'-------
<br /> � ' modification of amomzation of the suma secured by this Security Instrument gmnted by l.cnder ta any successor in interest �ti`'4,:T°'_
<br /> of Bomower shull not operate to release the Iiabillty of the origlnal Borcower ar Horrower's succes,urs in interest. Lender �
<br /> �� -� : -- shali noi bc required ta commence pnxeedIngs ngainst nny cnrcP�cor in interest or refuse to extend time for pnyment or _ _ �` �_ ____
<br /> . • othernise modlfy umortixatian of the sums secured by this Security Instrument by reASOn of any demand mude by the origtnal
<br /> Borrower ar Borrawert successors in interest. Any forbenrnnce by Lender in exercising any right or remedy shull not t�a "�qr��±:�-____
<br /> waiver of or pmclude the exercise of any ri�ht or remedy. -•� -
<br /> � . 12. Succc�sors and Assigns Bound;Joint and Severat Liability;Casignera. Thc covenant�and a�rcements of this
<br /> �� Security Instrument shull bind and benefit the successors and usslgns of Lender attd Borrower,subject to tlte provistons nf •�-``'�'`
<br /> ti_
<br /> " �� puragraph 17. Borrowerfi covenun4s and asreements shpll be joint und several.A�y Borrower wha casi�nr this Secudty � ����--
<br /> e
<br /> t ' � Instrumem but daes not execute the Note: (a)is co-signing this Security Instrument anly to mortgage,ginnt i+nd convey thut • . ,-,,.a,�
<br /> ,� - Borrower's interest in the Property under the terms of this Security Instrument; (b)is not personully abligated to pay the sums
<br /> securcd by this Securiry Instrnment;�►d(c)a�reex that Lender nnd any ather Borrower mny agc�ee to extend.modify,forbear ,;' �""-
<br /> ...,,. � ` %'
<br /> . or tnake any accommodations with regurd to the terms of this Security Instmment or the Note without thnt Bortower� �:,,.
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<br /> ; 13. l.oun Char[;es. If thc loun�ccureci by this Security Inrtrument is subject to u luw which sets maximum loan
<br /> chargcs.nnd thnt luw i�finally interpmted so thut the interest or other loan charges collected or to be collected in connection „
<br /> with the lonn exreed the pertnitted limits,then: (u)uny such loan chur�e shap be reduced by the umount necessury to reduce �;
<br /> � the charge to the permitted limir.and(b)any xum�alreudy collected fram Borrower which exceeded permitted limitti will be
<br /> refunded to Borrower. Lender muy cNoose ta muke this refund by mducin�the principnl owed under the Note ar by muking a �' �f�ti
<br /> direci puyment to Borrower. lf u mfund rrduces principul,the mduction will be treated u.e u pnrtiul prcpuyment without any � � '- '�'
<br /> .,. `� `
<br /> prepaymcnt chargc undcr thc Note. • • -->.�
<br /> 14. Notiees. Any notice to Barrower provided for in this Security Instrument shull be given by deliverin�it or by �'
<br /> mnilin g it b y fint cluss mail unless applicnble Iuw re:yuircs use of unother method.The notice shall be dirccted to the Property ,
<br /> Addn�s ar nny other addresti Borrowcr detiigniites by noticc tn[.ender. Any notice ta Len der s hu l l b c given by f irs t c lutis ;�_;,,;,
<br /> mail tu I.ender's nddmss stuted hemin or uny other uddress Lender de.ignatex by notice to Bormwer. Any notice pmvlded for • � • ,: ��
<br /> . in this Security instrumcnt shull be dcemed ta havc i+ecn given to 8orrowcr or Lender when given ax provided in thir , :. � �
<br /> ' par�graph. � .4;;►.^�{�t�
<br /> � " � • I5. Governin�Law: SevernbUity. Thix Security Imtrumm�t �hull tx� govemed by fedeml luw und the luw of the • �;�:!'
<br /> juri�diction in which the F�ropt:rty is la:atcd. In thr evrnt th:�t any provi.iun or clause of thix Srcurity Instrument or the Nate • ��� ..�
<br /> ron0icts with uppliruhlc luw.zuch conflirt+hull nut affrct othcr priwision.af this Scruriry Imtrumrnt or thc Note which cnn • �
<br /> . be given effect withuut the contlicting provi,ion. Ti�thi.end�hr provi.ionti of thix Srcurity Instrument und the Note un: �
<br /> ' declarcd to bc sc�crabic. � �`
<br /> 16. Borrower's Copy. Borrower xhutl lx givrn<�rn runti�rnied r��py of thr Nutr i�nd of this Security Instrument. �� • � �:1�.
<br /> 17. 7YunsPer of the Property�r u i3enet3clat Interest in Borrn��•er. If all or cmy part��f tfk PmFxriy or�►ny inter��t in
<br /> it is wld or trunxfcrted (or it a txneficinl intrR+t in Bi►rn�wer i+,old or tran�ferred und Borrowrr i.not u natural penon) ,
<br /> � .. without Lender's prior written coment,Lcndcr muy,at it.��pticm.rcquim immediatr puymcnt in fuU of ull ,ums secumd by
<br /> ' thi+Sccurity In+trument. Howevcr.thi.option+hull nut tx excrciud hy I.cndrr if excrritie i.pn�hihited hy fedcral law as of _
<br /> the date of this Security lnxtrument. � �
<br /> If Lendrr exerci�e�this aptian, Lender shall�ive BorcuH•er notirr oT uccrlenuion. The nuticr+hull providr u peric�d of
<br /> � not Ie�s than 30 duys frnm the dute thc notire ix Jclivcrcd ur mailed within ��•hirh Burma•er mu�t pay iQl+un�s scrured by this , .
<br /> Security ]nstrumrnt. If Borrowcr f'ail.to pay thr�r xum. prinr to thc rxpiruti�in uf thi+prriixf. Lrndcr may invake uny i .
<br /> � remediex prrmined by this Security I nxtrument without furthrr notirc or dcmand un Borrowcr. ! �
<br /> l8. Borrnwer's Ri�ht t� Rein�tutc. If Born���•cr mect� cenain rondition�. B��rc���vrr .hc�ll huvr thc ri�ht to havr �
<br /> , enfarcemcnt i�f this Securiry In.trumrnt Ji.rontinucd ut uny timr pri�,r to thc�arlirr ot': lu)5 day�lur+urh nthrr peric�us !
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