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<br />— �f condemnation ar ather takin af un art of the Pro rt ,or for come unce in lieu of cond��atI'on$,�-Fie�eb��I ned and Y�"' ���
<br /> ,� .. S Y P Pe Y Y Y 8 nt• --�.,,._,�__�
<br /> - shall be p�id ta l.ender. ��^--�""`�-
<br /> �� °� �� �� [n the event of u totnl tuking of the Praperty, the proceeds shall be applled to the sums r+ecured by thia Securlty � '�"�-
<br /> •� � lnatrument,whether or nat thcn due,wlth any cxceAx pu�d to Battawer. In the event of u pnrti�l taking of the Property (n �����'"'""��
<br /> �u,__: :•_ .
<br /> � °� �� which the fuir market value of thc Praperty immedintety before thc tuking ta eyual to ar grenter thun the amount of the sums .'`_'•>:;;:,:;�:_---=--�
<br /> �� : ' . ----
<br /> . ' � secured by this Securlry insuument imn�ediutely before tha tukMg,unle�s Borrawer und Lender otherwi�c ugree in wrlting, ` �����:
<br /> �. � •� ..� the Ruma�ecured by this Sccu�iry �natrument xhWi be reduced by the amaunt uf the pracceds muttiplied by thc fallowing •• � •� z;.
<br /> , fractton: (a)the totol nmaunt af the sums secumd immedlately before the taking.dtvided by(b)the fair murket vulue of the � .. • •�t::'��,��*:
<br /> � - Property immediateiy before the tulcing. Any baluncc shall bc puid to Borrower. In the event of a partiul taking of the '� �. °° '"`•�
<br /> ' Property in wh(ch thc fair murket vulue of the Property immediutcly before the talcing is Icas than thc amount of thc sums •- � '°. _
<br /> secured Immedistely befo�e the tuking. unless Barrower and Lender otherwiRC agree in wrlting or unless applicable law � _.
<br /> � otherv►�ise provides,the praceeds shull b e applied ta the sums secured by this Secudty instrument whether or not the hums are •
<br /> then due. ��
<br /> ' , If the PropeRy is abandoned by Borrower,or if,aftcr notice by Lender to Borrower that the condemnor offers to make ,_ �
<br /> nn award or setde A cluim for dumuge�.Barrower fuils ta respond to Lender within 30 doys after the dnte ihe nattce iti given, °
<br /> Lender is authorixed to callect und apply the proceeds.at tts option,either to restoration or�epair of the Property or to the , •
<br /> i, ; • sums secured by this Secudty Instrument,whether or not then due. " -
<br /> • • Unless Lender and Borrower atherwise agree in writing,any upplication of proceeds to principal shall nat extend or •
<br /> postpone the due date of the monthly payments referred to in paragrnphs 1 und 2 or chunge the amount of such paymencs. , '
<br /> " 11. Bor�ower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or '
<br /> - ��� modification of umortizution of the surtes secumd by th[s Security instn�ment granted by Lender to any successor in interest . . . ='����:
<br /> .,.. .. _ .. .... ... .- - -- �-.=-'..
<br /> � of Harrower shull not oprrutn tu ccicu,c tt�c iiai;itity of the odgina! Barsow•cr nr Borro�vcr!:successor.:ia interest. Lender - - ... .___. -'•✓ '
<br /> shall not be rcquired ro cammence proceedings ugaimt any successor in intere5t or refuse to extend time for payrnent or �,:����t���
<br /> otherwise modify amortizution af the aums secured by thix Security In�trument by reason of'nny demand made by the origlnnl � �:,:' r • •-
<br /> Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shull not be u �
<br /> �
<br /> � waiver of or preclude the exerci�e of any cight ar remedy. � ' � :t'•.''•
<br /> • �� 12. Successors and ARSigns Bound;Joint and Severa!Liability:Co-stgners. The covenants und ugreements of this i�
<br /> Security Instrument shall bind und benefit the succe5son And assigns af I.ender und Borrawer.subject to the provlsions of �
<br /> purugrAph 17. Borrowerti covenantti nnd agreements .haU be joint and several. Any Borrower who co•signs this Securiry � �„,
<br /> .. Instrument but does not execute the Note: (a)is co-signing this Securiry Instrument only to mortgage,grnnt and convey that ` '�,;-
<br /> . , ' Borrower's intercst in thc F'roperty undcr thc terms of thix Security Intitrument; (b>is not personally abligated to pay the sums �,-,-�
<br /> • secured by this Security[nstrument;und(cl agmes thut I.ender and uny�ther Borrower muy ugrce to extend.modify. forbear �r�%�
<br /> , or muke any uccommodations with re�urd to the terms eif this Security Instrument ur tho Nate without thut Borrower's `'�r',�
<br /> - consent. '
<br /> 13. I.oan Charges. [f the loan secured by this Securiry [mtrument i�subject to u luw which sets maximum loun ' . ,�
<br /> charges,+utd thut luw[s finnUy interprcted so thut the interest or ather loun charges coUected ur to be collected in connection d•
<br /> with the loun exceed the permttted lir�its,then: (u)uny such loan churge shull be reduced by the amount neressary to reduce "�j �,
<br /> the charge ta the pemtitted limit:und(b)uny sumy ulreudy collected from Borrower which exceeded permitted limits will be • '" ,:=,
<br /> � refunded to Borrower. Lender mny chcwxe to make this refund by rcducing the principul owed under the Note ar by muking u 'i�` �a;!
<br /> daect puyment to Bortower. If a refund rcduces princi�al,the�eductiun wi11 I,e ueuteJ ua a pa►�tia3 prepayment vrithaut any � = `L•F���
<br /> prepnyment churge under the Notc. � � i
<br /> 14. Nottces. Any natice to Borrowcr pro�-ided for in thi�Scruriry Instrumcnt shnll bc given by delivering it or by _� ,,�'•
<br /> muiling it by fint clu+s muil unle,x upplirublc law reyuirex use of unother methixi.The natice�hull he directed to the Property -'�`' ��
<br /> Addresx or uny ather uddresx Bi�rrowcr dc.ign•rtr.by notirc to Lendcr. Any noticc to Lender shull bc given by first clu�s � "� ..;
<br /> . mnil to Lender's address stated hcrcin ur uny othcr uddreti.l.rndrr dr,iEmttes by naticr to Borrow�r. Any natice providcd for ,_ S;
<br /> in this Security Inxtrument .hull bc dremed t�� huve Ixen givcn tu Borrowcr or L.rnd�r when given u, pmvidcd in this . :" �
<br /> , paragruph. ,.� •��
<br /> 15. Governing l.aw; Severability. Thi� Srcurity Insaumcnt �hull tk gc�vcmcd by fedcrul luw und thc lew of the ; -�.e'`��
<br /> jurizdiction in whi�h thc Proprrty is Icx:uteJ. In thc evcut that uny provitiion or cluu�e of this Securiry Instrument or thc Notc � , %�`
<br /> confticts with upplicablr luw,such conf7ict xhall not at'fcct othcr provi.iun+uf this Security Inytrument or the Note which can I �
<br /> " be given effect without the cnntlirung prav�s�on. lii th��end thr provi,ium nf thi. Securiry intitrument und the Nutr u�e � •
<br /> dedared to 6e severuble. �
<br /> 16. Bor�ower's Copv. Horrow•cr�h:dt tu given onc rcmti�rnicd copy uf tlx Notc und of thi,Serurity I�utrunxnt. i
<br /> 17. Transfer of the Property or u Beneticiat Intcrest in Borruwer. If sdl or anv pun of the Propeny or uny intcre.t in ; ,
<br /> it is xold or trunsfcrred(or if u fx:neficial inuretit in Born�wcr i+�old or triunFcrrrd and Borrowcr iti not u natural penon) �
<br /> without Lendec's prior writtcn conxent, Lender muy,at its c�ptiun,rrquire imrnediutc puy�iient in Full i�f all +ums xcurcd by
<br /> this 5ecurity Instrument. Huwevrr,thi�uption.hull nut hr cxcrcised by Lcndcr it'rxrrci,e i.prohihited by fcdcral luw.�ti of '
<br /> the dute of this Se�urity Inxtrument.
<br /> if Lender exercises this option.Lender shall givc Bcircowrr natice of arrelrr.uiun. The noticr.hull pruviJe a peri�xi of
<br /> . not Icsti than 30 duyx from thr datr tlk nc�tirr i+drlivrrcd or maitcd within which B��rro�vrr mu,t puy ull +um,securecf hy thiy
<br /> Security Instrumcnt. lf Borrowcr fails to pay thc.c tiums prior to Ihr rxpiration oi thi�pericxf. [.rnder muy invcikc any
<br /> remedieti permiued by thix Security Inxtnimrnt without further notirr nr dcm.tnd un BuRUwcr.
<br /> IS. Borrower's Ri�ht to Reinstate. If Borrawcr mcets rcrtain condilic�m. BurruN•cr .hull h:►vc thc right to havc
<br /> ' � cnforccment of thix Security inxtrument di�rcmtinurd .a any timr prii�r ta thr carlicr uf: <u►5 day.cur�urh other�riod a+
<br /> , � tiinElcf'amily--F'annic�ludFreddlc;Nuc['titFC)RNIV%'1'RI'�tk\'1'-•I'mt�mnt'a�cnant, 4/90 qr,i.�,•�„�n�rp�•��
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