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<br /> condemnatian or other taking of any part of tha Property,or for conveynnce in tieu of condcmnudon,ar+e he�eby a.vsigned and _-
<br /> - --- shall be paid to Lendcr.
<br /> -- In the evc�u of a total wicing oF the Propeny. the procecds ehull be npplied to the sums ecaured by this Seturity
<br /> Inshvment,whother or not then dae,wlth any excesa puid to Borrower. In the cvent of u psutial taking of th�E'roperty in
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<br /> which the fulr market vulue of the Propetty immediately befote the tuking ix equal to or greater than the umount of the sums
<br /> secured by this Secudty[nstrunient tnu�xKliately 6efore thc taking.unte�.s Bareowcr and l.cndM atherwlse egree+in e ng, — _-_ __.�-_-
<br /> � __ /he stims secured by this Serurity lnstn�ment shull be reduced by the nmount of tho praceede mukiplied by the following -----
<br /> fmction: (n)tha total amount of the sums secured immediateiy before the taking,divided by(b)the fNr m�uket vutue of the ` -
<br />� �,' Property immedintely befora the takins. Any Bulance shall 6e p�id to 8orrower. tn the event of u puniul taking of ttte __
<br />- property in which the falr market value of the Pmpe�ty lmmedtately befote tho tuking js les.g than the umount of the sumn -.
<br />� ;' secured immed{atety before the taking. unless Hortower und Lender athenvise agnee i�wdting or unles.g uppticuble law �__
<br /> otherw[se provides,the proceeds shall be applied to tl�e sums secured by this Security Instrument whethcr ar not the sums are ,�fr__m_—
<br /> , then due. ��`��?'�_
<br />- lf the Pmperty ie abandoned by Borrower,or if,aRer not(ce by l.ender to Borrower thut the condemnor offerx to make ,:,�y:�r._-___ __ _
<br /> an awerd or settle a claim for damages.Botrower fails to respond ta Lender within 30 days after the dsite the notice is given, .��.,�:-
<br /> � Lender is authorized ro coUect and apply the proceeds,ut its optton,etther to restomtion or repatr of the Property or to the ��.�_�;w_�.__
<br /> J3 xums secured by this Securlry Inshument,whether or aot then due. -�_'_-.
<br /> / ��` Unle�s Lender and Sorrower otherwise e rec In writing.any appltcution of raeeds to rinci al sshnil rtot extend or � �����'
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<br /> '�„�• , „��.� postpone the due date of the munthly payment�referred to in paragrnpha l und 2 or chunge the amount of such paymcnGC. ,.-.��-�
<br /> �"�'��"y�!`f 11. Borrower Not Releasedi Fbrbearance By I.ender Not a Watver. Extension of thc time for paymant or � ..,. �'�`--
<br /> �` m s •^" modificatton af emortization of the Rum�s secured by thls Secudty Inrtn�ment granted by Lender to any successor in�nterest '`� '`�`" ^
<br /> �::��h�'",d e ..
<br /> {•�';�':1:`;_.;-_�,'_�� of Botrower shali nut opernte tu release ttte Ifabittty of iite odginai Borrower or Bottower�s successors In interest.Lender -.• '°�__-__ --.. ---
<br /> =_ - bl�aii�ot be required ta cammcncc procccdings agatinst any saccessor lst lnterest or refuse to extend time for�ayment or ______ __ _ _
<br /> �'�P�'^ � `'�� otherwise modify amortizatlan of the sums secured by this Secur�ty Instrument by reason of any demund made by the original . : �_
<br /> " � � ,> Horrower or Borrower's successors in interest. Any forUctuance by Lender in exercisins any right or mmedy shall not be n t�:--
<br /> �•����',,. �, � �r�a:.i waiver of or preclude the exercise of any dght or remedy. ._ __� ---
<br /> � 12. Successors and Assfgns Bound;Joint and Several Liabflity;Co-signens.The covenant�und agreements of this � . �:�
<br /> kr; ... _:�: _� �:� , Security Insuument shalt bind and benefit the successors und assigns of l.ender und Borrower,subject to the provisions of �'�
<br /> � ° �- paragraph 17. Aorrowerk covenanu and a�reemen�s Fhull be joint and several. Any Borrower who casigns this Security � " �:�
<br /> � . �� Inspument but does not execute the Note: (a)is casigning this Securlty I�strument only to mortgage.gcant and convey thas _
<br /> Borrowerg interest in the Property under the temts of this Securlry Insuument; (b)ls not person a l ly o b l lgut e d ta pay t h e sums ., __
<br /> ,. � secured by this Security Insuument;and(c)agrees that l.ender und siny other Borrower may agrce to extend,modify,forbear �, '` - --_
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<br /> � " or make any accommodations with regurd to the terms of this Secur�ty Instrument or the Note without that Barrower's ,. . .�� '
<br /> - . , ." _ " consent. � • � ` '
<br /> �� " � •� + 13. Loan Chaeges. If the toan secured by thts Security Insuument is subjec�co a taw which seia muximuui ioan ° °-°
<br /> ' charges.and that law�is finaUy interpreted so thut the intemst or other loan charges collcated or to be coltected ln connection
<br /> '�;.i. whh the loan exceed the permitted limits,then: (a)any such lonn charge shall be reduced by the umount necessary to reduce
<br /> ' „ the churge to the pemtitted limit;und(b)any sums already collected from Borrower which exceerled permitted fimits will be •
<br /> . ' refunded to Borrower. Lender mey choose to muke this refund by reducins the principul owed under the Note or by making u ,
<br /> direct payment to Borrower. if a refund reduce+principal,the reduction will be treated as a paninl prepayment wuhout uny
<br /> -----•'�'-�=�=== prcpay�jcni char�c un3er it�c�LOtc. --_��--� �-�
<br /> , ' 14. Not(cea Any notice to Borrower provided for in this Securiry Instrument sha�l be given by delivering it or by
<br /> ' mailing it by first class mail unless applicable law rt.quires use of i+nother method.The notice shull be directed to the Property ' ,�: '
<br /> � Addteas or any other uddress Borcower designateti by notice to Lender. Any notice to Lender shall be given by fint class y�
<br />- ' � mAil to Lenderk address stated herein or any other addrcss Lender designutes by notice to Borrowes. Any notice provided for ' #
<br /> - � +n this Securiry Inswment shull Ix dcemed to have becn givcn to Borrower or I.ender when given as provided In this
<br /> . ara h , ' ' D�
<br />� . � p ISp Gover�ing Law; Severabllity. This Security Instrument shull be govcrned by federnl law :u�d the law of thc . " • ,.'J����`'�
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<br /> Q jurisdiction in which the Property is locuted. In the event that uny provisian or clAUSe of this Security Instrument or the Note �/�,�-:. _
<br /> conflicGS with appticable law,such conflict shall not affect other provisionx of thi,Security Instrumcnt ar the Note which cun „ ,.w, .,
<br /> 7 � be given effect without the conflicting provision. To this end the provision+of this Security Instrument und the Note are �3 �
<br /> . dectared to be severable. - - --
<br /> 16. Borrower's Copy. Boerower shull be given one conformed copy of the Note and of this Securiry Instrument. f � • ';���
<br /> 17. 7�a�.sfer ot the Property or a 8eneftcial interest io Bar�oK•cr. If a{I or any p:ut of thc Pmperty or uny interest in I „ ..,,� ..��
<br /> ;, �. , i t i s s o l d o r trumferred(oT if a beneficinl intercst in Borrower is sold or trunsferrcd and Borrower is not a noturul person) 4 � -�
<br /> ' without Lenderk prior wrinen consent.I.ender may,at itti option,rcyuirc immediatc paymcnt in full of all sums secured by � . . �'=
<br /> ' � „ �,' • this Security Instrument. However,this option.hall not he exercised by Lender if excrci�e is prohibited by federal law as of ( ^
<br /> : � the date of thts Security Instrument.
<br /> " , ' ° ..� If[.ender exercises this option,Lender�hull give Borrower notice of acceleration, The notice xhall provide a periad of � -
<br /> ` ' not less than 30 duys from the date the notice is delivered or muiled with9n which Borrower must pay ull sums securcd by this • ,�
<br /> ;� Security Instrument. If Borrower fails to pay these sum.prior to the expiration of thi� periai.Lender mny invoke any ' t',
<br /> �• • .. � remedies permitted by this Security Instrument without further notice or demand an Bamwer. � ,�.ti;•,
<br /> � 1& Borrower's Ri�ht to Refnstate. If Botmwer meet, certuin conditions, &irrower�hall have the ri�ht ro hnve
<br />_ ' � � enforcement of this Security Instrument di�continued at:u�y time prior to the carlier of: (a) S days(or�uch other period a. , ��
<br />-_ � " , Single Family--Fannle Mee/Frcddie Moc UtiIFOR!1!ITISTR(�MENT••l tmtorm Covcnont, 9/90 f/H+RP��In/x+ltrsl •�
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