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<br /> ���""""""`'`""`'� wndemnntlon or other tatcin�af any purt of the Property.or for conveyance in lieu of wndem1 Tan";am(�sby�ssi�ned and �.,,,,-y,�.,,�,,---.----
<br /> shall be paid to Lender. �__
<br /> - --- In the event nf a total tuking af the Property.the proceeds Bhu1� be pPP�ied to tha sums secured by tliis Security
<br /> lnsuument,whcther or nat then due,with�y axcess pnid to Fsorrower. In the avent of s pArtial taking of the Froperty in --
<br /> -�-- -�—� which the fuir murket vnluey f the Property immcdlately bet'ore the teking is equal to or greater thtu►the amount of the suma __^_________
<br /> - �,; . �ecured by this Sec►aity Ins�rument immediutely 6efore the taking,unless Bomnwer and I.ender otherwise ogree ire wrlting.
<br /> �,. the sums secuced by this 5exurity Ingtn�ment ahnll be reduced by the umount of the proceeds multtplied by tha following �-_ _�
<br /> � fraction: (a)the total amount of the sums�secured immediately before the taking.divided by(b)the fair mnrkct value of the
<br /> ;; Property immediotely before the takin�. Any balance shail be puid to Botrower. in the event of a partial taking of the __._
<br />' � '``�`� � f Property in which the fwir market value of the Praperty Immediatoly before the taking is less thnn the amount of the suma
<br /> ` ��:�. �'.�s�
<br />' .,E,:�;`•�'�'- �'� secured immediatet before the tak(ng.unless Borrower and Lender otherwise agr+ee in writing or unless a licable law ��=''"__-`-- --
<br /> , .`9�'•'�'; •'`F}:�c otherwlse provides,ythe proceeda sha11 be appited to the sums secured by this Secudty insuument whether or noptphe sums are �: � _
<br /> • �ak�' `� i`-.• then due. '
<br /> �j.s.ynar-�;yw' �.r ' r 11l'R¢�itffiJ6d .
<br /> ��t.'� ..t ..,._�zr.�iL�f�i.ii�.-
<br /> � . ,y�,,�•."":n:. ;'p+4• if the Property!s ubandoned by Botrower,or if,after nat ice by L.en der to Borro w e r t h u t t h e c a n d e m n o r o f f e r s t o m a k e `°•�, _:-.:,•:t��,�:;�,.
<br />- ,�,� • . , �,_ an award or settle a claim for damages.Borrower fails ro tcspond ta Lcnder within 3Q days after thc date the notke is given, , , .':'..:•• �;:.
<br /> .� r Lender Is uuthori�ed to collect and apply the proceeds,at its option,etther to restaration or rc air of the Pro d ar to the w'"�`'"��''
<br /> ` ' . P Pe Y . :r, �.. :,.•. '�,:;;{t>.-
<br /> � • sums secured by thts 5ecurity Insuument,whetheror not then due. `•�'�'�'�'+���!���`:�`'�
<br />�� �'•,' Unless I.ender and Barrower othenvise agrer in writin�,any uppifcation of proceeds to principul shai!nM extend or =�'y�;.�.�. ��-:; _; _
<br /> '��� �. � postpone the due date af the monthly paymenGs referred ta in parc+grnphs 1 and 2 or change the amount of such a ment�. � �r:' -
<br /> P Y ;�if;�'�.'��•:
<br /> �,��� �� 11. $orrower Not Released; Farbearance By Lender Not a Watver. Extensian of the time for payment or ;, , .�.�z;,�_
<br /> . .. �
<br /> ° ''' modificatian of amartization of the sums secured by this Security Jnstrument�rnnted by Lender to any successor in interest t���
<br /> -• ��=--------1-- of Hotrower shnll n�r��rnre.ro retease the liabilicy uf the originut Borrower or Borrower's successors in interest I.ender : :. ,-- �
<br /> -•-•--�- -------._._ _ _
<br /> shall not berequired ta cammence pracoedin�s against any successor in interest or refuse to extend time for payment or `` -�. -=
<br /> � •• othenvise modify umortfzation of the sums secured by this Security Instrument by reason of any demand mude by the original �'
<br /> " ° , Borrower or Borrower.l• successors in interest. Any forbearance by Lender in exercisjng any right ar remedy shull not be a `�%-'"° -.
<br /> ' waiver af Ar preclude the exercise of any dght or remedy. � �P�� `K
<br /> .. �.,�.,:_
<br /> , 12. Successors and Assigns Bound; Jolnt and Several Liabllity;Casigners. The covenants and agreements of this '�%±`���;�.
<br /> Secudty Instniment shall bind and benefit the succe�.sors and agsigns of Lender und Borrower,tiub}ee�lo ihe provlsioDS of '�'
<br /> ,"� perugraph 17. Borrower!s covenants and agreements shatl be joint and several. Any Borrower who co-sfgnc this Secur�ry `���
<br /> Securit Instrument only to mort�uge.�rant andconvey thst _���'
<br /> Instrument but does not execute the Note: (u)is co-signing this y ,;�___
<br /> ' Borrower's interest in the Praperty underthe termsof this 5ecurity Instrumsnt; (b)is not penonully abliguted to pay the sums
<br /> secured by this Secudty Instrument;nnd tc)agrees that Lender and any other Borrower may a�rec to extend,modify,forbear � '��' .��`
<br /> ' or muke any uccommodattons with regnrd to the terms of this Security Instrument or the Note withaut that Bornowers '��
<br /> __ __ cor.sent.
<br /> � ' 13. Loan Chaeges. If the loan ucured by this Security tnstrument i� subjcct t�u iaw which sets maximum luan --, , - -
<br /> � charges.und thut law is finaUy intcrpreted so thut the interest or other loan charges collected or to be collected in connection � ,
<br /> �� wlth the loun exceed the permitted limitx,then: (u) any+uch lonn charge shall be reduced by the amount necessary to reduce +� '
<br /> the charge to the petmitted limit;and(b)any sums nlreudy collected from 8orrower which exceeded permitted limt�i will be S• '
<br /> . refunded to Borrower. Lender muy choose to makc thiti refund by reducing the principal owed under the Note or by making u `
<br /> -� ` •- - �- dircct p»,me:t!to Borro���cr. If n refund redncF�prinripni.the rcduction wtll be treated us u pnrtiul prepuyment without any �� �� •
<br /> ..__._.. .::._. . . ... .
<br /> preps�+ment chnrge under the Note. ' , :
<br /> . 14. Notictw. Any notice to Borrower provided for in this Security Instrument shAU be given by delivering it or by • �
<br /> mailing it by first class mail unless applicuble luw n:yuire+use of anothrr methad.The nntice shull be directed to the Property . ;, �
<br /> Address or uny other uddresx Borrower designate. by notice to Lender. Any notice to Lender tihuU be�iven by first cluss �,,>'
<br /> muil to Lendert addresx stated herein or any other addrexs Lender de�ignutes hy notice to Borrower. Any notice provided for
<br /> � � in this Security Instrument xhull be decmed to havc hecn givcn to Borrower or Lcnder when given as provided in this , �. �t,`��
<br /> . Paragraph. .• v�
<br /> 15. Governing Law: Severability. This 5ecurity Instrument tihull be governed by fcdcrul law and thc law of the /'���
<br /> jurisdiction in whtch the Pmperty ix tc�cuted. In the event that any provi,ion or c:luuse of this 5ecurity Inst�ument or the Note `"���, �
<br /> • conflicts with applicable luw,such conflict shull not uffect ather provi.ions af this Security Instrument or the Note which can ,
<br /> , be given cffcct without the contlicting provisinn. Ti�thiti end thr�rovi,ion.of thi�Security Instrument and the Note are ._
<br /> • declared to be severable. I
<br /> ' 16. Borrower's Copy. Bonower shull lx given one conti,rmed ropy of thr Note und of this Securiry Instrument.
<br /> 17. 1Yansfer of the Property or n Beneficla!interest in 13orrnwer. 1f ulI or any purt of thc Property or�ny interest in
<br /> it is sold or trnnsferred t�r if a benefirial interest in surn�wer iti.old or trantifeRCd ucid Borrower i.not u nuturul person) ` ,.
<br /> •• without Lenderz priar written consent.Lrndcr may,at its option,rcyuirc immediatc puymcnt in full of ull sums�ecurcd by I „
<br /> this Security Instrument. However,thi+option.hatl not bc exerci+eci by Lender if erercitic i�prohibited hy federal law us of i
<br /> the dute of this Securiry inxtrumrnt.
<br /> , If Lender exercises this option,Lend�r.hall�ive Borrawer notire ut'uccelcration. The notice tihull provide a peric�d of I
<br /> not less thnn 30 days from the dute the nntice i,�klivered or mailed within which Borrower mu,t puy all.um�secured by this i
<br /> , Securlty Instrument. If Bonowet fuils to pay the�e sum� prior to the expirution of thi+ periiid, Lender mcty invoke any
<br /> ., • rcrnedies permitted by this Security Inxtrumcnt without furthcr noticc or dcmund on Borcower. � .
<br /> 18. Borrower's Rlght to Reinstate. lf Born�wer mect. cercuin conJitiun+. Borrowrr,hall have thc right to huve
<br /> �� � � enforcement of thix Seeurity In+wment diuontinurd ut uny time prior t��ttw eurlicr�+f: tal 5 Juy�tor.uch cither period a� ;
<br /> �
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