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<br /> "�'"�'°"--°""-'�� condcmnntton ot other taking af any part of the I�topoRy,or for conveyartce in lieu of condemnution.nro hereby nssiBned and __
<br /> ahall bc paid to Lcndcr.
<br /> _: — — In the event of a tQtal taking of the Pcoperty, the proceeds ahall ba applied to the xums secured by this Securlry
<br /> -- --- Inattument.wheiher or not then due,with any excess paid to Borrowcr. In the event of u partia]takin�of tha Property in
<br /> ' which the fnlr markct value of the Property immediately before the tuking IR equal to or greater than tho amuunt of the sums
<br /> secured by this Security Instrument immedlntely ixsfore the wking.unless Horrowor and l.ender otherwise agceo in wrldng.
<br /> the sumR secuned by this Securtry Instrument shult be reduced by the cimount of the pmceeds multipUed by tha foltowing
<br /> •-• — ---------- fmction: (a)the tatnl amount of the sums eecured immediutely before the tuking.divjded by(b)the fai�rnerket value of the � -
<br /> .� — Property immcdiately beforc the taking. Any balanc�s shall be puid to Borrower. In the event of a partlal taking of tha
<br /> PropeRy in wh(ch the fair morket value of the Proper�y fmmediately bofore thc teking is less thnn the umount of the sums
<br /> secured immediately before the taking, uniess Bortower and I.ender otherwise agrr.e in writing or unless applicable law
<br /> ' otherwise providea.the proceedg shull be applied ta the aums secured by thiR Securlty Instrument whether or nat the sums ur�e
<br /> then due. —
<br />-" ' If the['ropeny is abandoned by Borrower,or lf,after notice by Lender to Borrower that the condemnor offera to make
<br /> ��,'r`„ un award or settle a claim for damages.Botrower falls to respond ro I.ender wlthin 30 days after the date the not�ce is given. =:-
<br /> Lender ie authorized to collect ar►d upply the proceai.s.at Its option,either to reatoration or rapair of the Property or to the _,
<br /> �� ;': x sums secured by this Securlty Instrument.whether or not then due.
<br /> � "r%{���, Unless Lender and Borrower otherwise agcee in writing,any application of proceeds to pdncipal shell not extend or �`-�---
<br /> � �.4;�.�.'i�'�:;.�,:'. � postpone thc due date of the monthly payments referte�.i ro in paragraphs 1 and 2 or chsnge the amount of such payments. �-°--
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<br /> 'ca P��::� 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extenaion of the time for payment or �;'�}��
<br /> ' �"��*'�' ��•' modtfication of nmortizadon of the sums secured by this Secur[ty Instrument grnnted by Lender to any suaessor�n interest �"-
<br /> '��� � � ��_---
<br /> -�''�'��:��'�� � of Borrower shal! not operate to release the llsbiliry of the original Borrawer or Horrowerk successors in lntcrest.Lender z..-;=•- _
<br /> - - -- shaii nat be reyuired to commence proceedings agansi any successur in incercs�or nfuso�o exie„d ti�i�e t'u�puymaui ur --
<br /> '`��:�`'��'� otherwise madify amortizatton Af the sums secured by this Security Instrument by reason of any demand mede by the orlginal -• �
<br /> '�' Borrower or Borrower�s successors!n interest. Any forbenrunce by Lender in exercising any right or rernedy shall not be a `''��'•;��
<br /> �'r. waiver of or preclude the exercise of any right or remedy. � '
<br /> „ ° .. 12. Successors and Assfgns Bound;Joint and Severat Liability;Casigners. The covenants and agreements of this : ;�i :,
<br /> Security Instrument shall bind nnd benefit the successors and assigns of Lender and Borrower,subject to the provfsions of • � �_
<br /> � � _ �' paragraph 17. Borrower�covenants and agreemenec shelt be Joint and several. Any Borrower who co-signs this Security ' �`"�
<br /> �� Instrument but does not execute the Note: (n) is co-signing this Securtry Instrument only to mortgage,grant and convey that .;ad,r .��`
<br /> •� �� Borrower?s intenst in the Property under the terms of this Security Instrumenr. (b)is not personally obligatcd to pay the sums ''' i -
<br /> � • secumd by this Security Instrument;and(c)agrees that Lender and uny other Borrower may agree to extend,modtfy,forbear •R •
<br /> ° , or make any accommodations with ngard to the terms of this Security Instrument or the Note without that Borrower's •.A��
<br /> consent. ' �
<br /> _- '° .. - ° 13. i.oan�her.�;es. If the taan secured by thi;Sccurity In�insrt�ent is subject to a laev w�ich s�ts ma+c�mu�n Inen "
<br /> " ,� � charges,and thut luw fs finally interpreted so that the iaterest or other loan charges collected or to be collected in connecdon _ �_
<br /> . ° with the laan exceed the pennitted Itmtts,dien: (a)any such loan charge shall be reduced by the umount necessary to reduce -
<br /> � the charge to the permitted limir,und(b)any sums already collected from Borrower which exceeded permitted limits will be ti''
<br /> • refunded to Borrower. Lender may choose to muke thi s refund by reducing the principal owed under the Nde or by making a „
<br /> ' �,� • . direct payment to Borrower. If u refund mduces principal.the reduction will be tr+eated as a purtEal prepayment wrthout eny ,��
<br /> prepayment charge under the Note.
<br /> • „ 14. Notices. Any notice to Borrower provided for in this Security I�strument shap be given by delivering it or by . ,
<br /> mailing it by first cluss muil untess upplicuble luw requ ires use of anuther method.The nottce shall be dtrected to the Propecty
<br /> ' Address or.iny other address Borrower designates by notice to Lender. Any notice to Lender shall be given by firxt class `'
<br />- . . . mail to Lender�nddress stuted hercin or uny other address Lcnder desi�nates by notice to Borrower. Any notice provided for
<br /> - tn thts Security instrument shall be decmed to have becn given to Borrowcr or Lender when given as provided in thls �
<br /> �' .� aru ra h '
<br /> � p g1S Governinq I.aw; Severability. This Sccuriry Imtrument shnll be governed by federnl Inw and the law of the '
<br /> .''� jurisdiction in which the Property is locuted. In the event that any provision ar clause of this Secur�ty lnsttument or the Note
<br /> , . � conflicts with upplicuble law,such contlict shuQ not affect other provisionti of this Security Instrument ar the Nae which can
<br /> be given effect without thc conflicting provision. To this end the provision,of this Security Instrument and the Note ar+c ;`,'°
<br /> ' . • . • decluredto be severuble. I . . '
<br /> '� , . 16. Borrower's Copy. Borrower shali be�iven one conformed copy of the Note and of this Security Instrument. �
<br /> , . . 17. 'ilransfer of the Property or e Beneticial Interest in Borrower. If ull or uny part of th�c Property or any interest in `
<br /> ' it is sold or trunsfcrred(or if u bencficiul intcrest in Horcower is xold or trunsfcrred and Borrower ix not a natural person) � •
<br /> . _ • . without Lender's prior written conxcnt,Lendcr may,ut itti op�.ion,rcyuirc immediat�puyment in full of a11 sums secured by �
<br /> ' this Security Instrument. i�owever,this option shnll nat bc excrciscd by Lendcr if exercise is prohtbited 6y federul Inw as of
<br /> •� the date of this Security Instrument. �
<br /> " If Lender exercises this option,Lender.hull give Borrower notice of acceierution. The notice shull provide a period of
<br /> � : . � not Iess thun 30 days from the date the notice is delivered or mailed within which Borrower must pay ull sums secured by this
<br /> . Security Instrument. If Borrower fails to puy thex sums prior to the expiration of this period, Lender may invoke any
<br />_ " remedies permitted by this Securiry In+trument without further notice or demund on Borrower.
<br /> '�Y .. ' 18. Borro�ver's Right to Reinstnte. It Borrower mcetx cert�+in conditions, Borrower shuil have the ri�ht ro have
<br /> f • � � . enforcement of this Security tnstrument discontinued at any timr prior to the carlier of: (a)S duy� (or tiuch other period as
<br /> Singlc Family-•Funnle Stue/Frcddk Nuc CNIFORN INtiTRCNF:NT�•Uniti�m�Cmcnunt, 9/90 (pakr 4 uJA/rages) I
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