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<br /> � �`'���-�= condcmnution or ather toking of eny purt of thc Property.or for convcyanae in Iicu ot sondcmnu�tion.V nr�ebY ussigncd nnd -----
<br /> � - -- ahall be pafd to l,endcr.
<br /> - - _— - in ttie event af n tomi taking af the Ptoperty. thepmc eeds shall be applied ta the sums accured by thiA Securlty
<br /> InRtrsiment.whcthcr or not then duo,wlth any excerH paid to Porrawer. In the event oP u pnrtiul tuking af thc Praporty in —
<br /> � - ---a
<br /> whtcri tho�alr market value of tho Property immediately befone the tuking ix eyuui ta or greater thun tho atnount of thc xuma
<br />_ ._ -- secut�d by thia Secudty lnatrument immediutely bcfote the taking, unleas Borrower and Lender otherwl�e ug�n iu w�t�ig, ° - �
<br />-•• tho»uma�se.cumd by thix Secudty InAwment ahull bo reduccd by tho nmount of tho proceeda muUiplicd b thc foUpwing
<br /> -- -----
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<br /> ° frncdon: (n)tho tawl umaunt of d�a suma secured immediutely before the teking,divided by(b)th�fuir ma ct vuluc of the �"
<br /> ' � Property Immedtutely bcfore the tnking. Any bnlunce ahull be paid to 8arrower. In the event of a partinl taking af tho
<br /> �• Property in which the fair market value af the Proparty immediately before the talcing i�Icss thun tho amount of the sum.4 �.-� - --- -
<br /> secured immedfately befure tN� taking.unle�s Homower and I.ender otherwise ngrec in wrtting or unle�s applicuble Inw _
<br /> ; : . w- otherwise provldes.the prnceeds shnll be applicd to the sums secumd by this Security Instrument whethcr or not thc sums are =_
<br /> :�� the�due. -
<br /> � '7��;'-� if the Property is ubundoned by Borrower,or if.nfter notIce by I.endcr to Borrower thut the candemnor offen to muke ______
<br />_ ��;�;'":ti:"�.�� an award ar settle a claim for demages.Borrower fails to respond to Lender wlthin 30 days ufter the datc the natice is given, =__- _
<br /> '"""� " Lender!s authodzed to collect and apply the proceeds,ut its option.either to restoration or repair of the Praperty or t�the -�-------
<br /> � , l%,e,:s?)'�'�3��_4':�:� __--- —
<br /> -; �• �•-�-_•. � . ••• sums secumd by this Security Instrument,whether ar not then due. --
<br /> �`;f=''" �'.'.��"'.•�•.".`. Unless Lender and Borrower othenvise a ree in writin .an ap lication af roceeds to rinci al shull not extend or ��`�°'"�'"�'
<br /> g s Y P P P P ��-`,?"'-�-------.��:_
<br /> j�,;; . : •• ; postpone the due date of the monthly paymente referred to in paragcaphs l and 2 or change the amount of such puyments. : •4,;;: -==_--
<br /> ° � ;.:`� � Il. Borrower Not Released; Forbearancc By I.cnder Not e Waiver. Extension of the dme for puyment or •�,���``��� _--
<br /> �j�;r•V�'�� •�,F i� -
<br /> n, ... ` , �,; modffication of amortizudon of the sums secured by this 5ecudty Instmment grnnted by Lender to eny succcssor in interest :{,��:;�,�..
<br /> • � •��_ of Boaower sheti not oporate to retease thc liabiliry af thc original Borrowec or Borrower'.s saccessors in lnterest.Lender . ' •��•-----
<br />- � shall not be required ta commence proceedings a�atns[any successor in incercse or refuse co ez�end timc fu, Nuy�l�ant or `� .:._-
<br /> �, ^ '� ' otherwlse rnodify amortiuttion of the sums secu►cd by this Secudry Instrument by reacort of any demand made by the ortginal
<br /> Bormwer or Borrower�s successors in interest Any forbearance by Lender in exerclsing uny right or remedy shull not be a �_'���,.-�E��-
<br /> waiverof arprecludc the exercise of any right or remedy. .,._- ��
<br /> 12. Successors and Assigns Bound;Joint and Several Liability;Casigners. The covenants und agreements of this ��• ' ,�,�
<br /> Securiry Instrument shall bind and benefit the successors and avsigns of Lender und Borrower.subject ta the provislons of , . .,�°,�
<br /> ; paragraph 17. Horrower's covenan�s and agreements shall be joint and severnl. Any Borrower who co•signs thls Secudty ' , �
<br /> ` '. instrument but does not execute tha Note: (a1 is co-signing this Secudty Instniment anly to mort�uge.gmnt and convey that '`��"--
<br /> • Borrower'.s interest in the Property under the tcrtns of this Securiry Instrument; (b)ts not personally obligated to pay the sums ' ��
<br /> " secumd by this Secudty Instrumenr,and(c)agrees that Lender und any other Borrower may agrcc to extend,modify,forbcar ,
<br /> „ or make any accommodations with regurd to tf►e terms oF this Secudty Instrument or the Note without that Borrower�s
<br /> consent.
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<br /> — 13. L.aan Charges. tt the �oan secured by thts Secunty lnstrument is subject to a iuw which�ts maxinwu► lvan
<br /> ----- -
<br /> „ chur�es,and that luw is finaUy interpreted so that the interest or other loan churge�collected or to be collected in connection ' �
<br /> with the loan exceed the permitted limits,then: (A)any such loan charge shall be mduced by the amount necessary to reduce .
<br /> • the charge to the pertnitted limir.end(b)any sums already collected from Borrower which exceeded permitted ifmit4 will be
<br /> refunded to Hornnwer. Lender muy choose to mnke this mfund by reducing the principal owed undcr the Note or by making a ..
<br /> _ . �_:,�..:�__ . ._ ...._..... .: d3rect payrnent to Borrower. If a refund reduces principul,the reduction will be treated us u pnniul prepnyment w�thout any .. � • ..
<br /> _._.---- ....... ..
<br /> . � prepaymentchurge under the Note. --�-' -
<br /> .. 14. Notices. Any notice to Barrower provided for in this Security Instrument shnil be given by delivering it or by �
<br /> �� maiiing it by first clacs mail unless applicuble luw requires use of unother methad.The notice shall be dircctcd to the Property ;!=
<br /> , , Address or any other addres,Borrower designntes by notice to Lender. Any notice to Lender shull be glven by fint class �'�
<br /> . mail to Lenderk address stated hercin or uny other nddress Lender desi�natcs by notice to Borrower. Any notice provtded for ' .� �
<br /> in this Security Instrument shull be d�cmcd to huvc bcen givcn to Borrowcr or l.cnder when given ati provided in this •�' � �
<br /> paragrnph. . ,t,r<'!1'
<br /> i 15. Governing Law; Scverability. This Security Instrument tihall be governed by fedcrul luw und thc law of the . ;=°�. ,�
<br /> jurisdiction in which the Property is locuted. In the event thut any provi.r•ion or cluuse of this Security Instrument or the Note T��;�.•
<br /> canflicts wi�h npplicable law,suct�conflict tihali not uffect other provisions of thi�5ecurity Instrument or the Note which can • ,. •
<br /> _ ... . . be given effect without the conflictin� provision. To this end the provision+of thi+ Sccurity Instniment nnd the Note ure
<br /> dcclamd to be sevcrnble. � ' "- �
<br /> ' 16. 6orrower's Copy. Borrower shull be given one conformed copy of the Nate and of this Securiry Instrument. � ,. .�
<br /> � " 17. 7�aosfer of the Property or u Beneftcial internst in Bor�ower. [f all or uny pa»of thc Property or any interest in i -
<br /> it is sold or tran�ferred(or if a beneficiul interest in BnrroH�er is,old or tr.►n.ferrcd und Borrower iz not a natural prnon) �
<br /> without Lendert prior written conxent. Lender miry,ut itx option,rcyuirr immcdiute payment in full of all cums secured by : •
<br /> " � this Security Inctrument. However,thiti option shAll not be rxerci,ed by l.endcr if exenise is prohibited by federal law as of y
<br /> � ° the date of this Security[nstrument.
<br /> If Lender exercisex thix option,Lender shall give Barrower notice of accelrr,►tion. The nc�tice shall provide a period of
<br /> not less than 30 days from the date the notice is delivercd or mailed within which Barn�wer must pay all sum+secured by this .
<br /> Security Instrument. If Borruwer Fails to pay the.e xum.prioc to the expiration of thi. period, Lender may invoke any
<br /> remedies permitted by this Security Instrumcnt without furthcr i�otice or demand on Bormwer.
<br /> • • 1& Horrower's Right to Reinstnte. lf 9orcower meets cenain condition+. Bortuwer shall have the right to huvc
<br /> , t enforcement of this Securiry Instrument di,continued ut:uiy time prior to thc earlier of: (n)S days tor such other period us �
<br /> Single Famil�--Funnte�toe�Fhddfe�tec l'NIFOR�111STRL'NF.tiT•-l�mfarm Co�cnanh 9/90 �puxP J oJA��rgev !
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