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<br /> sondemnution or other tuking of uny paR of the Property,or for canveyuace in lieu of condemnutton.ure hereby asaigned and
<br /> _ Rhull be paid to I.ender.
<br /> - In the event of a towl taking af the Prapetty. tha praceeds shull be appUad to the �uma secured by this Securtty _
<br /> - ______ ___ Instrument�whether or not then duc.wfth nny excess p�id to 9orrower. In the event of o purtiul tAlsing of the Propeety in
<br /> _, � �._�.�
<br /> which the fair merket v�lue of the PrapeRy immedtately before cho taicing ia equui ta oi greater ti►wi Q�e anaunt aY the u+ms �-----_-
<br /> r,�cured by this Secudty Insuument immediately befora the tnking,unless Barrawer nnd Lender oth6rwise agree!n writing.
<br /> �� the sumn secured by this Security Ineuument�hall be reduced by the nmount of the proceedx multiplled by the followi�g �- - _ --
<br />- fraction: (a)the total smount of the�uma r,ecurcd immediately befo�e the taking.divtded by(b)the fal�mwket vnlue of tha
<br /> � � �;�.�-�: PropeAy immediately befare thc taking. Any baluncc xhall be pnid ta Borrawcr. In the event af A partial taking of the _�_
<br />- , ��;,"; Property ln which the fnir market vatue af the Pcopecty immediutely before the tak►ng is less thnn the umount of the sums
<br /> �•�•' :•. � ; secured Immediutely betore the toktng,unlesa Batrower and Lender otherwise ngree in wr�dng or unless upplicable!aw _._.___
<br /> � �y.•�����'t=•'��-`� othervvlse provtdes.the proceed�.shnll he applied to the xums secured by this Secudty Insuument whether or not the sums are �.-,;;__
<br /> ��'r�.�,�r .,�i,-� the�due. �� -_ -- -
<br /> :� `.�r.�a. � �w^�i% if the Properly is abandoned by Barnnwer,ar if.ufter notice by L.ender to Rarrower that the candemnor offers ta make � _ __.-
<br /> . :�,_;'., :� `'`;, na uwurd or r�vttle a clnim for dnmages,Borrower fnils ta nwpond to Lender within 30 days after the date the nottce is given, .g";___— --
<br /> � � ;. L.ender is authotized to collect ond apply the praceeds,nt its optian,either to restorntion or cep�ir of the Property or to the _____�
<br /> i� . :;;�',; ;: sums r,ecumd by thia Security Insuument.whether or oat then due. 4���-__ _
<br /> Unlesg Lender and Borrower atherwise agree in writin�,any application of proceeds to pr�ncipal shnll nat extend or "'`
<br /> �;,��+: ' 1�.� tit ne the duc dute of the monthl a ments referred ro in ara hs 1 und 2 or chan e the amaunt of such a ments. ;•- �"�'�
<br /> � .. „ po.'po Y P Y P 8�P S P Y . ..,;:�.�,,..,,,,�
<br /> •• • � I1. Borrower Not Refeased: Forbearance B I.ender Not a Waiver. Extension of the time for puyment or __
<br /> . .:,::•...--
<br /> ;. � . ; .;:;�>�..,__
<br /> -- ° � -� modific�tion of amortizatian of ehe sums secused by Is Serurity lnstsument�rnnted by L.ender to any successar in tnterest � •�•- ---
<br /> .. _
<br /> ._. �.:�.--__ ._.. .... - .
<br /> .. . --- - -__---• . .
<br /> of Horrower shali nat operute tu rc1ca,.x: t1►o tiubiiity uf ii�e u�igiuui 8o►rowzr or Borrawcr�succe�.sors 1n Interrqt. Len�ier _�___.:;-_=�-�--�--__—,_
<br /> � � �shall not be rcquired to commence proceedings agAinst any successor in interest or refuse to extend time for payment or '.___
<br /> othenvise modify amortization of the sums sec:ured by this Security Instrument by reason of any demand mnde by the arisinal
<br /> "° .. " � Borrower or Bomawer!�successors in interest. Any forbewance by Lender in exercisin�eny right or remedy shall not be u „ _'"�`��`='-_-
<br /> ` ., waiver of or preclude thcexercise of any right or mmedy. • - �T
<br /> `T���� ��a
<br /> 12. Success�rs and Asst�ns Boundt Joint and Severei I.iabNity;Casigners. The covenants und agrecments of this s.
<br /> Security Instrument shall bind and benefit the successors and ussignx of Lender and Borrower,subject to the provisions of •�• . ;L�`�'-`""
<br /> . ° , purugrnph l7. Borrowerk covenants nnd ugreements shull be joint nnd xeveruL Any Borrawer who casigns this Security •;;�ji�t.T•
<br /> Instrument but dces not execute the Note: (a)is catiigning this Security lnttrument only to martgu�e.�rant und convey that �i�.,_,�.
<br /> � " Borrower�c interc5t in the Preperty u�der the tero�s of this Security Instrument: tb)is nat personully obliguted to puy the sums
<br /> � ' � �ecured by this Security Instrument;and tc)ugrces that Lender und uny othcr Barrower may ugree to extend,modify,forbear , . �- -
<br /> � or make any uccommodatians wlth regArd to the termti of this Security Instrument ar the Note without that Botrower's
<br /> ---- consent. --- —-
<br /> �� 13. I.oan Cha�ges. If the toun secured by this Security Instrument is subject to u Inw which sets maximum loan
<br /> ' , chutges,und that luw is finoUy iNerpreted so thnt the intemst or other loun chur�es collected or to be collected in connection . : �s .�
<br /> with the loan exceed the permitted limitti,then: tu1 uny such loun charge shull be mduced by the umount necessury to reduce .,•.,,•
<br /> ' � the charge ro the pennitted timit und(b)uny num�ulreudy collected from 8orrower which exceeded peanitted limus will be � �
<br /> � � �. �
<br /> � . _. ... __ refunded to Borrower. Lendcr rnay choose to make thi+refund by reducing the principal owed under thc Note or by mahin�a ��' �'
<br /> .-- -� - direet puyment to Surrower. It a retuna reduces principu;.�i�c�c:uu�tion:�Ett b:tres::�«..»Y»�i�I Yrcpa�ment :eithcs: •».»� -......._�-��
<br /> . prepayment chnrgc undcr the Notc. . , ,
<br /> 14. Notices. Any nntice to Borrower pmvidcd for in thix Scruriry Intitrument xhull be given by delivering it or by '�:, �
<br /> mailing it by tint class mail unfess applicable law rcyuirox u�e��f anothcr method.The notice�hull lx:directed to the Property .ih.,
<br /> Addrcss or nny other addmtix Burrowcr de�ignute� by noticc tc�Lendcr. Any notice to Lender shall he given by fint clus� �,�i+� '' �.
<br /> • mail to Lender�address.tutcd herein or uny other uddn.s Lendcr designates by noticc to Borcowcr. Any notice provided for � .,, ,��;.
<br /> in this Security In.trument shall bc deemcd to huve txen Eiven to Bortower or Lendcr when sivcn as provided in thix �;�����;���
<br /> ura ni h r� "�i�.
<br />� p sIS Governin� Lew; SeverabiUty. Thiy Security In.trument tihull bc �uvcrned by federul luw und the luw of the �� � . �i �
<br /> � jurisdictian in which thc Property is la:uted. In the�vcnt thut uny provi,ion or clautir of thi�Security Inxtrument or the Note • ji�`'' �
<br /> conflicts with applicublc luw.xuch contlirt xhall not uffcct othcr provisions of thi+Securiry In.trumrnt or thc Notc�vhich cun � ,,.
<br /> bc��iven effect without the mnflicting provitiiun. 'ti�thu end the pruvi+ion�of ihi+Srcurity in.trument und the Nutc ure I � • -�'
<br /> declumd to bc severable. �� P-
<br /> !6. Borrower's Copy. Bcxrower�hall lx gi��n unr cunliirmrd cupy of thr Nutc and uf thiti Srcuriry In,tn�mcnt. � '�
<br /> 17. 1Yansfer of the Property or a Beneficiul Interest In fiorrow•er. If all or uny pun of thr Pruperty or any interest in I ���:
<br /> it is sold or trunsferred(or it u beneficial intcrc+t in Borrower i��oW or trxn�f'crred unJ Bonower ix not u nuturul per+on) , '�
<br /> ' ` without Lenderi pnor wriuen consent,Lencicr muy.at it.uptiun,r�yuirr immcdiute puyment in Full nf aU sums sccumd by � � �_
<br /> ' � this Security Instrumeni. However,thi.option shxll not tx rxerriud hy Lcnder if rxcrri.r i�pmhihited by fcderul luw us of •. �
<br /> the date of thix Security In,trument. �
<br /> � If Lender exetcises thiy option.Lender ahall give Borrowrr nuticr ot'accrlcrutiun. The noticc�ht►11 providc u Fxrioci of
<br /> not less than 30 duys from the date the notice i�cklivemd ur mailed within which Bc�rrawer mu+t puy xll.um.�ecured by this •
<br /> � • ' Sccurity Instrument. It 6orrower faih tc+ pay the�c sum. priur to thc expi�ution of thiti Exri��d. Lcndcr muy invoke any �
<br /> remedieti permitted by this Secunty ln+trument with<wt funhcr noticc ur drmund�m Burrow�rr.
<br /> ' 18. Borrower's Right to Reinstatr. If Borrowrr mrct. rcttuin conditionti. Bcirrawcr shaU havc the right to have
<br /> , • enforcement of thi�Securiry In+trument di.rontinurd at any time prior tu thr eurlirr of: �:u S day.ror.uch other Exriexi ati
<br /> Singlc FAnul�••Fnnnie�1xc�F'reddie�tsic['NIFURII ltiti1'Rl'NF:tiT��l'nrt��mi<'n�enam. 9/90 ipaur J.�/e/hr¢�•u
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