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<br /> ` condemnallon or other tahing of nny paat of the Properry.or for convcyonce M Iteu af condemnattnn,nra hcreby assigned and
<br /> sheU bo paId to Lendar.
<br /> In the event oP a total taking of the Property.the prace�ds ahail be applied to tho RumR sccured by thia Securiry
<br /> Insuument,whether Qr not then due,with atry exceaA pa�d to Borrower. ln the event of A punial taking of the Pcoperty in
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<br /> — which the fair market value of the Praperty immedintely before tho taking is equal to or greater than the amom�t of the suma
<br /> secored by thia Securiry Inatrument immedistely before thc wkfng.unless Borrower und[,endcr uQ��rwixtl agree writing. c--�-�
<br /> - �_— ----_--� the sums sccure�by this Secudtgr Insuument shnll be reduced by the nmount ot the pmceeds muitiplied by the following
<br /> _ fracNan: (a)the total nmount of the suma secured immedtatety befor�e ttie mking.dfvlded by(b)the fair merket value of tho r
<br /> prope�ty immedistely beforo the tnkins. Any bulanr.a ahall be paid to Borrower. In the event of a pariin!tcikking of tho
<br /> ' � Property in which the f�ir market v�lue of the!'mperty lmmedlately beforo the taki�ig is tess than the nmount of the aums
<br /> „ cecured immediately hefore the taking.unless Bomnwer end i.ender otherwlse agree in wrlting or unless upplfcable law
<br />- otherwise provIdes.the proceeds shalt be appltcd to the suma secured by thie Secudty Inst�ument whether or not the sums sre
<br /> , then du�.
<br /> lf the Property is absndoned by Bortower.or if,aticr nodce by Lendec to Borrower thst the condemaor offers to make
<br /> �' nn award or settte e claim for damnges. Borrower faila to respond ta L.ender within 30 days ufter the date the notice Is given.
<br /> • Lender is authorized to collect end upply the proceeds.at its option,either to restaration or repair of the Property or to the
<br /> � suma secured by this Security Insuument,whethcr or nut then due.
<br /> :,_t,� Unless Lender und Borrowcr othenvise agme fn wdtl�g,any applicution of proceeds to pdncipal ahall not extend ot
<br /> { postpone the due date of the monthly payments referred to in puragrnph�1 and 2 or change the umount of such payments.
<br /> 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extensfon of ►,he dme for payment or
<br /> ;.�s.• ,, moditIcatlon of amortiraition of the sums secured by this Security Instcument�utted by Lender to eny successor in intenst
<br /> ��;f:': "`:=•�' of Bomnwer shall�ot operute to release the liability of the orl�lnal Bonower ar Horrower�a successors in interest. Lender - -
<br /> � nJ` shaii not be required co eommenee proceedings again�c any succexwr in iaiciC.i u� tcTUnc Iu�Rtc[i��fiiE�6T�jitiiGilt 8T
<br /> • �"±�T L '�'�`�� � otherwise madify amortization of the sums secured by this Securiry Instrument by reason of any demand made by the original
<br /> Hornnwer or Borrower�successors in interest. Any forbearunce by Lender in exercising uny rlght or remedy shall not be a
<br /> �• � . . � '' waiver af ar preclude the exercise of any dght or remedy.
<br /> 12. Successors and Asstgns Boundj Joint and Several I.tabUity;Casignera. The covenants and agreements of this
<br /> ' ' Securiry Instrument shall bind and benefit the successors and assigns of Lender and Borcower,subject to the provisions of
<br /> �� paragraph 17. Borrower!c covenants and agreemenu shall be joint and severnl. Any Borrower who co-signs this Security
<br /> � Instrument but dceg not execute the Note: (n)is co-signing this Security Instrument only to mortgage.gcant and convey that
<br /> � ' �• „ Borrower's tnterest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> secumd by this Security instrument;and(c)agrees thut Lender nnd uny other Borrower may agree ro extertd,modify.forbear
<br /> ' � or make any accommodations with re�ard to the tetms of this Security Instrument or the Note without that Bottower�
<br /> _ _ • . cons�nt,
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<br /> la. Loan Chatges. If the loun secured by this Security Instrument Is subject to a law which sets maximum loan
<br /> � charges.a�id that law is finally interpreted so that the interest or other loan charges collected or to be collected in connectton
<br /> � with the toun exceed the permitted limitx,then: (a)any such lofln charge sholl be reduced by thQ amount necessary to reduce
<br /> � tbe charge to the permitted limit;and(b)uny sums already collected from Borrower which exceeded permitted limits will be
<br /> " refunded to Borrower. Lender muy choose to make this mfund by reducing the principal owed under the Note or by making a
<br /> � � direct payment to Borrower. If u refund reduces prinripal,the reductian will be trented as a psutial prepayment without any _
<br /> --�'--'- .. '��� '� prepayment charge under the lvote. - -
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<br /> ° . 14. Nodees. Any notice to Barcower provided for in this Security In�trument shull be given by delivering it or by F'�� -
<br /> ' ' mailIng it by first clasx mail unless upplicuble inw myuimx use of unother method.The notice shuU be directed to the Property ��;,:`.v
<br /> Address or uny other address Borrower designutes by notice to Lender. Any notice to Lender shall be given by fi�t cluss • .
<br /> �� mail to[.ender's uddc+ess stuted herein or any other addretis Lendcr designates by notice to Borrower. Any nottce provIded for •
<br /> ' in thls SecurIry Instrument shnl! be deemed to huve becn given ro Barrower or Lcnder when given us provtded in this
<br /> - pnragraph.
<br /> � �•�' I5. Governins Law; Severabllity. This Security Insirument shall be govemed by federul law and the law of the
<br /> • „ jurisdiction in which the Property is located. in the event that uny provixion or clautie of this Security lnstrument or the Note
<br /> ` %� • conflicts with upplicnble law,such conflict+hall not affect other provisions of thix Security Instntment or the Note whtch can
<br /> __ .. -- __ be given effect without thc conflicting provi,ion. To thiti end the provitiions ot'this Security [nstrument and the Note urc
<br /> ' " �� declared to be severuble.
<br /> ' 16. I3orrower's Copy. Bonower xhall be given one conformed cnpy of ttk Notc and of Ihis Se�urity Instrument.
<br /> • 17. '[Yansfer of the i'roperty or a Beneficial lnterest in Horro�vcr. If uil or any p�n of the Property or uny interest in
<br /> it is sold or trunsferred(or if u beneficiul intcrest in Borrower is,old or trumfermd nnd Borrower is nat a nuturnl person)
<br /> , . - without Lender's prior writtcn consent. Lendcr may,nt its option,rcyuire immcdiate payment in full of ull sums sccured by
<br /> this Security Instrument. However,this nption shuil not be exerci,ed by[.ender if exercixe is prohibited by federal law as of
<br /> the date of this Security Instrument.
<br /> If Lender exercises this option,Lender.hall give Borruwer notice of acceleration. The naice tihall provide u period of
<br /> not Iess than 30 days from the date the notice i.delivemd or mniled within which Horrower must puy all sums secumd by this
<br /> ' Security Instrument. If Borrower fail�to pay these �ums prior to the expirution of this periixi, Lcnder may invoke nny
<br /> mmedics permitted by this Securiry Instrument without futther notice ar demand on Borrowcr.
<br /> • 18. Borrower'g 12ight to Tteinstate. If Born�wer mcets certain randitiom, Borrowcr shull huve the right to have � .
<br /> ' •�` enforcement of this Security Instrument discontinucd ut nny time prior to the earlier c>f: ta>S day�(or,uch other period as
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