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<br /> � � ➢ condemnatlon or other tnking of nny purt of the Praperty.or for conveynnce in lteu of can3emnatlon,nre hercby aqsigned and
<br /> shall be paid¢o Lender.
<br /> In the event of n total tuking aF tho Pmpetty� the pracecds ehall bcs appiled to the sums secu�+ed by this Securlry
<br /> --- �- Infitnunent,whether ar not thcn duo,with any oxces.g p�id to Horrowcr. 1n the event of a pactlel takirtg of tha!'roperty in
<br /> which tho foir market volua of the Property immediately b�efore the wking Is equal W or greater tht�n the umount of the sums
<br /> _ exured by this Security Instrument lmmedIatoly before the taking�unlesa Sorrower and Lenderothenviiso ngrce in wdting.
<br /> _ _ the suma secured by this Secudty Insaumont�hal!bB reduced by the amo�nc of the proceeds m�.+hiplied by the iollowing
<br />-- fracdon: (a)tha totat nmount af the sums secur+ed im�nedistaly i�foce the taking.dtvidcd by(b)thc fuir murkct vulue of the �- -
<br />-- Prape»y immediately before�ho taking. Any balance shall be patd to Bosowar. In tho event 4f a partial taking of the
<br /> ,t Pr�perty in which the fi►ir market value of the Property immediately before the taking is leiss than tho amount of tho sums
<br /> secured immediately befote the taking,unless Borrower and l.ender atherwise agree in wtlting or unless npplicuble law
<br /> atherwtse provides,the pmceeds shall be applled to the aums secured by thie Securlty Instrument whether or not the suma sre
<br /> then due.
<br /> If the Property is ubandoned by Borrower.or if,after notice by Lender to Horrower thut the condemnor offers to mnke
<br /> an award or settle a cluim for demages.Bormwet fuils ta nespond to Lender within 30 days atter the date the notice is g{vert. --- -
<br /> , I.ender is authorized to collect and apply the proceeds,at Its optian.elther w reFtoration or repair of the Property or to the
<br /> euma secured by thia Security Tnstrument.whether or not then due.
<br /> ,�: ' Unless l.ender and Borrower othenvlse agree in wrtttng.any appUcatIan of proceeds to pdnclpal shall not extend or
<br /> .,,,.,.ti_�r.n t. postpone the due date of the monthly payments refeRed to in para�aphs 1 and 2 or change the arnount of such payment�.
<br /> 11. Borrower Not Released; Furbearance By l.ender Not a Watver. Extens{on of eho time tbr payment or
<br /> �'�,� �' modification of amortizat�on of the sums secured by thls Secarlty Insuument granted by L.endertcs any successor fn intcrest
<br /> �:``�,��`�:. ':�_ � nf Iiarrower Rhall not operute ta r�elease the liability of the origlnal Horrower or Borrower�s su�ccssors in interest.i.ender
<br /> `_' �� ' ��' � ahall not be requlred to commence proceedings a�ainst any successor in interest or refuse to extend time for payment or �-
<br /> - -- , otherw[se modify amortization.of the sums secured by this Secunty Instrument by m.a.son or any dernand mude by ciic originni -
<br /> `� " ^ .. ` Borrower or Borrowerk successors in interest. Any forbearance by I.ender in excrcisfng any dght or remcdy shall not be a -_-
<br /> � � walver of or preclude the exenise of any rfght or remedy. ��_"'
<br /> ��`'�` ' , t� 3 � 12. Successora and Asstgps Bound;Joint and Several LiabiUty;Co�sfgners. The covenants and agreement�of this =- .
<br /> � Secudty Insqument shall bind and benefit the successors and assigns of Lender and Borrower,su b Jat to t he prov isions of ��
<br /> , ''" paragruph 17. Borrower?v covenants and agrcemen�s �haU be joint and severnl. Any Borrower who co-signs thia Securlty �'__"��
<br /> . " lnsuument but dces not execute the Note: (a)is cas(gnin�this Security Instcument only to mod6age,grant and convey that
<br /> '' � .. Horrower�s interest in the Property under the terms of this Security Instcument; (b)is not personelly abNgated to pay the sums �`'"
<br /> " secur+ed by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear �.�!
<br /> ' ,, or make any sccommodations with regArd ta the terms of this Security Instrument or the Note without that Sorrower�s ��=°`�
<br /> � conaent. � 4�
<br /> - - 13. i.uaa Chacg�. Ig ihe loass :xcured by shis Securiiy Inst�ument is sub,jecs to e lew which cetc mnzimum loan �`
<br /> _
<br /> • charges,and that Inw�is finally interpreted so that the interest or other loan charges collected or to be coltected In connection -��-
<br /> with the loan exceed the permitted IimiGs,then: ta)eny such loun char�e shail be reduced by the arnount necessary to reduce '��
<br /> • ., � ihe charge to the peemltted limit;and(b)uny.r•ums alrcudy cotlected from 9orrower which exceeded perrnitted limits will be � -�
<br /> , refunded to Borrawer. Lender muy choose to make thic refund by reducing the principal owed under the Note or by mulcing a
<br /> , , direct payment to Borrower. If a refund reduc�s principal.the reduction will be treated as a partial prcpayment u�ithout uny �:
<br />__ __...-._�_._._.._.....__ DreDavmentcher�eundertheNote.
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<br /> � 14. Notlees. Any notice to Borrower provided for in this Security Instrument shatl be g�ven by detrvenng�t or by --•
<br /> ' ' mailing it by first class mail unless applicable law rcyuircs use of unother method.The notice chall be directed to the Property
<br /> Address or any other address Borrower designutes by notice to Lender. Any notice to Lender shall be given by first cla.�s
<br /> " mail to l.enderk address stuted herein or any other address Lender designates by notice to Borrower. Any notice provtded for
<br /> in this Security Instrument shall bc decmed to huvc becn givcn to 8orrower or Lender when �iven as provided in this
<br /> . ParaErdPh•
<br /> IS. Governing Law: Severabiltty. This Security Instrument shnll be govemed by fedcr.�l law and the law of the
<br /> • "' jurisdiction in which the Property is loruted. In the event thnt uny provision ar clausc of thi�Security Intitrument or thc Note
<br /> conflicts with npplicnble law,such conflict�hull not uffect other pravisions of this Security Imtrurrient or the Note which can
<br /> " be given effect without the contticting provision. To thi.end the pmvision.of this Security IntitNment and the Note ure
<br /> . dec�a�ed to he seventble.
<br /> 16, Borrower's Copy. Horrower shall be given one conformed copy of the Note und of this Securicy lntitrument.
<br /> � 17. 11�ansfer of the Property or a Beneticial Jnterest in Borrower. If alt ur uny part of the T'�openy or nny imerest in
<br /> �. it is sold or trAnsferred{or if a beneficial intere.t in Borrower is sold or trunsferrcJ and Bormwcr is not s� naturul penon) �
<br /> ' without Lenderk prior written consent.Lender may,at its option,reyuirr immedintc paymcnt in t'ull of alt sum,secured by
<br /> this Security Instrument. However,this option shull not be exercised by Lender if exereitie is proh ihited by federul luw as of
<br /> the dute of this Security Inytrument.
<br /> 4' If Lender exercises this option.Lendcr+hall�ivc Burcowcr notice of accelerution. Thc noticc shal l providc a period of
<br /> not less thnn 30 days from the date the noticc is delivercd or muiled within whirh Bonower must pay ull tiums sccured by this
<br /> Security Instrument. if Borrower fails to pay these xum. prioc to the expiration of thi� perind. Lender muy invoke uny
<br /> .. . ternedics permitted by this Security In�trument without furthcr noticc or demund on Borrowcr.
<br /> 18. Borrower's Right to Reinstate. If Bortower mect+ccrtain conditions, Borrower+hull huvc thc right to have
<br /> � . enforcement of this Security instrument di,cnntinued ut uny time prior to the eurlier of: (a)5 days lur such uther period as •
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