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<br /> ___ __ — condemnatfan ot other toking af any part of the Praperty.ar for canveyurtce In lieu of condemnatlon.are hereby uxalgncd und
<br /> .�.���� shall be putd to l..ender.
<br /> �-��_�-�-_- In tho ovent of n totul taking of tho Property, the PracecdA ahull be upplied ro tha eums secut�d by this Secudty
<br /> � lnatrument,whethet or not then due.wit�uny excesa puid ta Borrawer. !n the event of a purtiul tuking of ihe Property in
<br /> -- which thd fair murket value af titc Froperty immecl3nte�y hefore the taking le equal to or gc+catcr thnn the amount of tho sums
<br /> - -- - -' secur�ed by this Security InRtrument immediacety before the taking,uniess 8orrawc:r w�d lxnd�r uiherwisc agrec(n wriNng, �--
<br /> =—__--� the awnx aecured by thfs Sccurity Instrument shuli be mduced by the umount of ehe pmceed9 muldplled by the following � _-
<br />�� — - fraction: (a)the total umc+unt of the aums secured immediately before thc taking,divided by(b)the fair mnrkec value of the
<br /> e Property immediutely befare the takln�. Any bulunce Eh�1l be putd to�orrower. In thc event of u partinl taking of tha
<br /> Praperty in whicli d�e fair market value of the Praperry immcdiately befare the takin�iR less thun the amount of th�suma -
<br /> • sectu+ed immedtately before the taking. unless Borrower and Lender othenvise agree ln wdting or unlesa applicable luw
<br /> otiierwise pmvides,the procceds shall be applied to the sums secured by thie Security tnxtrument whether ar not the suma are —
<br /> then due.
<br /> '� '��t If the Property is abandoned by Borrower,ar if,after nottcc by l..ender to Borrower that the condemnor offe�to make ____. _
<br /> ` _';�x; an award or settle a claim for dumagea, Borrower fails to respond to Lender within 30 days aRer the date the notice is given,
<br /> . F:�`? . . 9 �_�
<br /> � ��u�;;��,'�� Lender is author�zed to collect and apply the proceeds,at its option,e{ther to restorution or ceps�r of the Property or to the
<br /> � � ,�;:;�:,`':.,•-•,'. : .•, sums secured by this Securfty Instrument,whether or not then due.
<br /> � ••��'�'~' � ',' '�`' Unless Lender and Borrower otherwise agree in writing,uny appl{cation of proceeds to principal shall not extend or
<br /> �.a:{•..n�•:. . .
<br /> r��•;•�':..,. � posqwne the due date of the monthly payments referred to in pnrngraphs t nnd 2 or chenge the amounc of such puymentx. —_.
<br /> ��".' ��4'�*1•� `y il. Borrower Not Released; Forbearance By Lender Not a Wniver. Extension af the time for payment or
<br /> • .� •-r. '"
<br /> _K� ��:� ,•' :•- �� modiftcatian of amortization of the sums secumd by this Secudty Instrument grnnted by Lender to any auccessor tn lnterest `_ -
<br /> . � �'� of Borrower shalt not operate to rcltase the liabiliry of the ori�inat Borrower or Horrowcr�succrasors in lnterest. Lcndcr - _-
<br /> � f-' — . shalI noc be�eyuired to wnnnCnce ��n.ceSI�ig�against any Fucccssor irs int�rest or refuse to extend tIate for psyment�r �•=--;_�--.
<br /> �T . ._. �-o_'":.._,
<br /> othcrwtse modify am�rtizatton of the sums secured by thjs Security Instrument by reason of any demand made by the or��inal _ „�A,;,,,.
<br /> Borrower or Borrower's successors In inte►�est. Any forbearance by Lender in exercising uny ri�ht or remedy shall not be a ;.-
<br /> �"� ��� •. • . waiver of or preclude thc exerc[se of any right or remedy. �"„`:n::'.'t'�,
<br /> � 12. Successo�s and Arsigns Bound;Joint end Several I.iabfltty;Casigners. The covenants and agreements of this '
<br /> Security Insuument shall bind and benefit the successors und asstgns of Lender and Borrower.subject to the provisions of r~ ��
<br /> ' . parngraph 17. Bortower� covenants and ngreements shull be jolnt and severul. Any Bonower who co•signs thls Security '����:��'
<br /> ' Instrument but does not execute the Note; (A)is co-signing this Securiry Instrumem only to mortgage,grant and convey that ���:
<br /> : Borrower's Intec+est in the Propeny under the terms of this Security Instrument: (b>is not per�onally obligated to pay the sums
<br /> � -� "' secured by this Securfty Inswment;and(c)agrees that Lender and uny other Borrower may ugree to extend,modify,forbear ' �, • • -�
<br /> or make any accammadations with regar�d ta the terms of this Security lnstrument or the Note without Ihat Borrower's °„ �61
<br /> � n �.
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<br /> " �, 13. Loan Charges. If the loan secured by this Securiry Instrument Is subject to a lnw which sets maximum ioan ' �� �
<br /> char�es,and that law 3s finally interpreted so that the interest or other loan churges collected or to be collected in connection �
<br /> � wlth the loan exceed the pertnitted limits,then: (a)nny such loan charge shall be reduced by the amount necesszvy ta reduce '`'�'' `:
<br /> v ., , ,
<br /> ' the char�e to the permitted limit;and(b)any sums ulrendy collected from Bonower which exceeded permitted limits wtll be �
<br /> refunded to Borrowcr. Lender may chooxe to make thix refund by reducing the principul owed under the Note or by maktng a ��r�
<br /> direct payment to Borrower. If n refund reduces princtpui,the reduetinn will be treuted ns u partial prepayment without uny
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<br /> .. "_.._..___;_.._.�...._.. .._. � .
<br /> � prepayment charge under tne ivoie. —�`„ .;-
<br /> 14. Notices. Any notice to Borrower provtded for in this Security Intitrument shull be given by delivedng it or by
<br /> ' mailing it by first etaKS muil unless applicable luw mquires use of unother method.The notice shall be directed to the Property
<br /> � ', Address ar nny other address Borrower designntes by notice to Lender. Any notice to Lender shall be given by tirst class
<br /> " " matl to Lender's address stated hcrein or any other uddress Lendcr designutcs by noticc to Borrower. Any notice provided for
<br /> � � In this Secudty Instrument �hall be deemed to havc hecn given to Borrowcr or Lender wh�n biven ns provided in this
<br /> ara ru h
<br /> I p g15 Governing I.aw;Severability. This Security In,trumcnt shull bc governed by fedeml luw and the law of the
<br /> , .. Jurisdtction in which the Propeny is located. In the event thut n�iy provision or cluuse of this Security Instrument or the Note
<br /> .. cont7icts with npplicable luw,tiuch conflict xh:�ll nut uffect other provlsions of thi+Security Instrument or the(Jote which can
<br /> • be given effect without the conflicting pmvision. To thiti end the pruvisions of this Security Instrument und the Note ate
<br /> ; . .. declared to be sevcrnbla '
<br /> �• ,. i 16. Borrower's Copy. Borcowcr shull he given nne conformed copy of the Note und of this Security Instn�ment.
<br /> , 17. 'i�ansfer of the Property or a Beneficial Interest in Borrower. If ull ur any part of the Property or uny inicrest in
<br /> it is sold or transferrcd(or if u heneficial intcrest in Borr��wer is sold or trun►ferred und Borrower iti not u n:tturul person)
<br /> � wtthout Lender's prior written cansent, l.cndcr muy,ut it.c�ption.rcquirc im�nediutc puyment in fu11 of ull sums secured by '
<br /> , � this Security Instrument. However,this option.hull nin he ezerri.cd by Lcndcr�f excrci.e is prohiNited hy federal law as of
<br /> the date of this Security lnstrumcnt.
<br /> � ° if Lender exercisc,this option.Lender tih:►11 give Borrowrr notice of accelenition. The ncitice shull provide a pericxi of
<br /> � not lexs thun 30 duy+from thc dutc thc nnticr ix drlivcrcd or muilcd within which Borrowcr mu.t puy ull sumx s�curcd by this
<br /> Security Instrument. If Borrower fuils to puy thesc .ums prior to thr cxpirutiun uf this �xric�i, Lender may invake any
<br /> remedies pertnitted by this Security Instrumcnt withuut funhrr notic¢or dcmand on Borri�wrr.
<br /> 18. Borrower's Ri�Ght to Reinstate. if Barrowcr mect� ccrtain ri�nditiam, I3onowcr tihall huvc tlic right to huvc
<br /> • � enfomement of this Securiry In:trumcnt di�continued ut i�ny timc prior to thc carlicr uf: (tt)S days(or xurh other period ns
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