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<br /> _ condemnntion or oiher tnking of uny purt of the Property,ar for conveyance in lieu of condemnution,are hereby assigrted and
<br /> shall be puid to Lender.
<br /> ' e event of u tatul takin oY the Pco n . tho roceeds shall bo a lied ta the xums secured by this 3ecurlty _
<br /> 1n th 8 Pe Y P PP
<br /> Inatcument.whether ar noi then due,wtth any axcess pntd to Borrower. In the event of u partfal toking of tho Property In
<br /> ;ti ---- -- -- - - - which the fuir�i�a�ket value of eha Pruperty im�r�e�ilaEely bafore ttie ta{;in�ifi equat to ar grcater tfian the omoant of'tho sums °.°-----_—_ ----
<br /> _••� -� aecured by thiK Securlty Uneuument immediately before the tuking,un(c�s Borrower nnd I.cnder othenvlse agoee ln wdting.
<br /> • the xums secured by this Securlty Instrument shull be reduced by the amount of the proceeda multiplied by tho followins ` " -�
<br /> :x fraction: (u)the total amount of the sums secured lmmedistely before the tuking,divided by(b)the fair maricet value of the
<br /> Property immedintely before the tnl�ing. My bulance ahell be paid to Borrower. In the event af a puRial taking of the �_ _
<br /> Propeny in whlch th�fa�r markct vnlue of tho Pcoperty immediately before the tukins is l�ss than the umount of the sums
<br /> < <�c�,,,;�.•.�x:�,�, secured immedtately before the taking. unless Borrower and Lender otherwise ngm,e in weiting or untess applicable Isw _
<br /> �L�'r�.+�:�i.�•�`�;-'��� otherwise rovides,the mceeds Rhull be a lied to the sums secured b thix Securi Inaqument whethet or not the sums en: ---
<br /> ; ���:,,a..:.,>;r,.�a•ap P P PP Y �Y �=—
<br /> • • then due. =--_=-- ——
<br /> �''�`^����'�'+���`�`���:^� '� If the Property ia absindoneci by B�rmwer,or if.aftcr nodce by Lender to Borrower that the condemnor offers to make �._:_________
<br /> , .���' �' � an awurd ar settie n claim for damages,Horrower fu i ls to respon d to L.en der w i t h in 3 0 du y s a f t e r t h e d a t e t h e n o t i c e i�g i v c n. _:
<br /> '" Lender!�uuthot�zed to collect and app�y the proceeda,ut its option.either ta restoration or rep�ir of the Property or to the
<br /> , �''•:; ,„ ��;� • sums secured by thiR Secur(ty Insuument,whether or not then due. `W _
<br /> Un less Lender and Borrower otherwise a gree in wrltin g, an y a p plication of pmceeds to pdncipal ahall nat extend or _
<br /> � ' • postpone the due date of the monthly payments referred to i�i paragrnphs 1 nnd 2 or change the anount of such payments. ��`:_-
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<br /> �"" '" " il. Borrower Not Released= Forbearance By Lender Not a Waiver. Extension of the time for psyment or .`�."�:v:—
<br /> ... ,. ,
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<br /> ` � � - •� modification of amortization of ihe sums secured by this Secudty Instrument grnnted by I.ender to uny successor in interest s:�� _
<br /> �t-----�— °-------- of Borco�aer shal! not operate m mleacP�hr tiehiiity of�he orieinal Horrower or Borrower�s successors in intemst. I.endee
<br /> t. !. '' ^ shall not be requimd tu commence proceedings ugAinst any succesxor ln interest or refuse ta extend time for payment or ;.;::,.,;;, ��-.-
<br /> � othenvisc madify wnortizution of the sums secured by this Security Instrument by reason of eny demw►d made by the odglnal . _
<br /> Borrower or Borrower�successors in Interest. Any forbearance by Lender in exerclsin�uny right or remedy shall not be a
<br /> waiver of or pmclude the exercise of nny dght or remedy. ���-.-
<br /> � i',.�� 1Z. Successors and Assi�ns Bound;Ja�nt and Several Liability;Casigners. The covenunts and agreements of this • �"z'==_
<br /> �.� Securlty Instrument shali bind and benefit the successoR and a.s.r•igns of Lender and Borrower,subject to the proviaions of •• --
<br /> � ' � paragmph 17. Borrower's cavenants and agreemenGs shall be Joint and several. Any Borrower who co-si�ns this Securi[y -,��'�
<br /> instrument but does not execute the Note: (u)is casignin�this Secur�ry Instrument only to monguge,�rnnt and convey that �� � ;�c,�'
<br /> Borrower!s intercat in the Property under the terms of this Security instrument; (b)is not personuUy abli�ated to puy the sumF �
<br /> secured by this Security Instrument;and(c)ngrces that Lender and uny other Borrower muy agree to extend,madify.forbeur , �'
<br /> .
<br /> or make any nccommodations with re�arci to the tertns of thi�Security Instrument or the Note without thut Barrower� ��`" "`
<br /> ' _. _ .._ �-
<br /> ___ cansent. _ _, ,. -
<br /> � 13. I.oan Char�es. If the loan secured by this Security Instrument is subject to a law which sets mAximum loan •
<br /> chergea,und that law is finully lnterpreted so that the interest or other laun churges callected or to be collected in connection �'
<br /> � wIth the IoAn exceed the permitted limits,then: (c�)nny tuch loan charge shatl be reduced by the amount necessury to reduce "`'
<br /> � the charge to the permitted limit;ttnd(b)any sums almady collected from Borrower which exceeded pertnitted Ilmtts will be �;�=�
<br /> refunded to Borrawer. L.ender may choose to muke thiti mfund by reductn�the principal owed under the Note or by making u , '--°--�•
<br /> =-_ < ..-�= . . dirc.t Fa�rncnt to Borro:��cr. If�t�'f1nJ re�J!�rre rr}n�ipnl, rhr rndncri�m witl he tremed ns n pnrtinl nreaavment without uny °"°—
<br /> -. . -.,.6.
<br /> ' .. prepayment char�e under the Nate. �"
<br /> 14. Notices. Any notfce to Borrower provided far in thix Security Instrument shutl be gtven by delivering it or by �� . �'�'-
<br /> mailing it by first cluss muil unless applicublc law rcquircs uxe of anothcr method.The naticc shull be dtrected to the Property • '�
<br /> Address or any otNcr address Borrower designutes by noticc to Lendcr. Any n�tice to Lendcr shall be given by first class �„"=.__._
<br /> mail to l.ender's address stuted hcrcin ar uny athcr uddrcss Lendcr designutex by notice to Borrowcr. Any notice provided fo� ,� :__
<br /> in this Security Instrument shall bc decmed to huve hcen given to Bonowcr ar Lender when given ux provided in this ;�,:=�
<br /> � pnn+graph. ..�c�-
<br /> , IS. Governin�Law:Severabllity. This Security Inxtnamcnt shull be governed by fedcrul luw und the luw of the �,�."•-•w
<br /> jurisdiction in which the Property is located. ln tlx evcnt thut any provision or rlause��f this Security Instrument or the Note � " 'y��
<br /> conflict�with spplicuble luw,xuch contlic[shull not:�ffect other provisions ot'this Srcuriry In.nvment or the Note which eun
<br /> � 'i' . s..
<br /> - .. be 6i��cn effert�vithout the ronflirting prrn�ision. To thi, end thc provisiom of this Security lnstrument and the Nate ure ���f�-�
<br /> �' �� declttred to be severuble. k • � �
<br /> , � 16. Borrower's Copy. Borrower shnll he givcn one r�mformed copy of thr Notc und of thi,Scrurity Instrument.
<br /> 17. 1lransfer of the Property or a Seneticial Interest in BorroH�er. If ull or any part of thc Pro�xrty or any intcretit in ��'�'�,:
<br /> it is sold or trumferrcd(or if a brne�cial intcrcxt in Borrowcr ix xold or trun.S'ern:d und Borcower is not u nuwrul persun> '"•��
<br /> ,.,.,
<br /> without Lendrr's prior wriucn conxcnt, Lcnder ma�•, at itti upticm,rcyuirc immcdiatc paymrnt in fuU of all sums securcd by , ' �
<br /> � this Securiry Instrument. However,this option+hall not he exerci.ed hy Lrnder if rxercixc ix prcihibited by Cederal luw us of ' • ,.
<br /> thc dutc of this Scciirity Instrumcnt. i
<br /> If Lender exen:isc+this option,Lender shull give Bnrrowrr noticc of acccicr:uion. Thc notirr.hi�ll providc a period of • .
<br /> not Iexs than 30 Juys from the J:�te the noticr i,dclivrrcd or muiled within whirh B<�rcower mu.t pay ull tiumx srcurrd by this i ,
<br /> � �, ,Y Security Instrumcnt. If Borcower fails to pay thcxr wms priar to thr expirutian uf thi� prri�xl, i.rndrr may invoke any i
<br /> , mmedies pertnittcd by thix Srcurity In.trument witltout funher notic�or drmand on Borniw•rr. �
<br /> ' . ' • 18. Borruwer's Ri�ht to Reinstute. If Burrowcr meetx ccrtain conditicm.. Burro�cer �hnll havc thc right to havc
<br /> � �. enforcement of this Security Instrument Ji,r�mtinurd at any time prior to the earlicr ot: (+U S duy+(or.uch other�:ricxi as �
<br /> ` timglr Fanuly..Funnle�fue4'reddle�fuc l'11FtfR�f ItitiTRI'!11F.VT•�t'ndnmi Cu�enant, 9/9U ip.rer J n/n�eiec.i
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