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<br /> � candcmnalion nr oUtcr takln f�of any part c�i tho N►ti�perly�or f�x cc�ivcy�xw in Ileu<it cuudciii��ation�uro I�crcby n5algizcd aiiA
<br />— - shall ba pAld to L.ender.
<br /> In the event o+�n total takln� af tho Piropeny. the Qroceeds ahall be applied ta tho Kume r�rcurcd by thlR Security
<br /> lnstn►ment,whether or not Uun due.WIlI1 All,y CxCEBA pAIQ ta Banowcr. In tho cvent ot a partiwl taking af th�t'roperty 1n
<br /> whlch iho fair m�rket valuA of tho Property immedlrtcly beforo tlte telcing ia equal to or grcater than thn umount uf th�sums
<br /> sccurod by thls Secudty Inshvment Immadtatcly boforo the taking�unlesx Botrowcr and l.ender othcrwise agree In wdtin8a
<br /> --=--� the suma securcd isy this Secur!ty Insmiment shitll be reduced by the nmount of the proceeda multiplfed by the fallowing �- _..
<br /> fractiwr. (a)the total amount of the sums secund immatietely beforc tho taking. dlviduf by(b)the falr market votuo of the
<br /> — prope,rty immedistely before the tuking. My balanze shd! be paid to Borrower. In the event of s pcutial taking of the
<br />;;.;• property In which the fair market value of the Property immediately befom the taking is Ie.4s thnn the nmount of the suma
<br />- � secured immcxl�ately before the talctns. unless Borrower and I.ender otherwlse agee ir� wrIting or unless applicable law
<br /> -*r�' otherwlse prnvldes.the pmceeda shap be applted W the sums secwed by tZ�is Saurity Inxuvment whether or not the sums are
<br />_•����= then due.
<br />"ti,t If the Property is at�an�oncd by Horrower,ar if.after nodcd by Lender ta Borrower that the condemnor offers to make _
<br />�� an award or settle a claim for damages,Bo�rower fails to respond to C.ender wIthtn 30 days efter the date the nottce is given.
<br />- Lender is authorized to callect and apply the proceeds.at Its aption.etther to restoratton or repair of the Property or to the
<br />� sums secured by this Securlty Insmiment.whether or not then duc:.
<br /> Unless Lender and Borrower otherwise asree In wrlting,any appltcatton of proceeds to pdncipal shaU nat extend or
<br /> postpone the due date of the manthly puyment�referred ro In parugraphs 1 and 2 or chunge the amount of such payments.
<br /> , 11. Borrower Not Released; Fbrbearanco By l,ender Not a Waiver. ExtensIon of thc time for payrtent or
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<br />�. modiftcation of ainortizatIon of the suma secured by this Secudty Insuument granted by Lender to any successor in interest
<br /> of Borrower ahall nat operate to release the liabiiity of the arlgtnul Borroweror Borrawerk succe�sors in faterest. lxnder � -- ---
<br />_- A.��a • . , 8hA1!ROI be ieQuil+ed w cvmmc�tcc ptui:culittgb dg�iioi�Tiy succassor in 3nterest er ref+�se to ext?nd tima fnr�,nymeni or ____
<br /> •.,.•�,+��'�`��,�..'���' otherwise modify amortlzation of the sums 6ecured by this Securiry Instrument by rcason of any demand made by the original
<br /> �,`�'�;4� • ;.+.�'� ' Borrower or Borrower�s succcasors in interest. Any forbearance by Lender in exercIsin�any rlght or remedy shall not be a _:__ _
<br /> :,y�z,��.�'�'��.-`w��,=, waiver of or preclude the exercise of any right or remedy.
<br /> ' ' ' -� � 12. 3uccessors and Assigna Bound;Joint and Several Liability;Co-sJgnere. The covenants and agreements of this _
<br /> ��,,t�����i�' ,,�;��. Secudty Instrument shall bind and benefit the successors and assigns of Lender and Horrower.subject to the provisions of
<br /> :,_•.,;..��,; . :- ,.:,� pacagraph 17.Borrower`s covenants and sgreements shall be joint and several. Any Borrower who co-signs thts Security
<br /> Instrument but does not execute the Note: (a)is co-signiag this Security Instrument only to mortgage,grant and convey that �
<br /> Boaowerh�ntcrest in the Property under thc terms of this Security Instrument; (b)is not personally obllgated to pay the sums ���-
<br /> secured by this Secudry Instrument;and(c)agrees that L.ender and uny other Horrower may a�nee to extend,madify.forbear —_-
<br /> • � ' . or make any accornmodations with regard ta the terms of this Securlty Instrument or the Note wlthout thut Borrower�s � -�-
<br /> . _ �?,! cons�nt. � ' "
<br /> 13. Loan Chatges. If the loan secured by this Security Ins�rument is sub�ect to u iaw which sec.s maximuin los�i F:� �
<br /> " charges.and that law is finally interpreted so that the Intenst ar other loan charges collected or to be collected in connection _;_„�
<br /> wtth the loan exceed the permittesl limits.then: (a)nny such loan char�e shall be reduced by the amount necessary to reduce �'��
<br /> the charge to the permltted timit;and(b)any sums already collected from Borrower which exceeded permitted llmits will be -_
<br /> ' ' ^ refunded to Borrower. Lender may choose to make this refund by reducing ihe principal owed under the Note or by making a .;,.,_
<br /> �� ' direct payment to Borrower. If u refund reduces principnl,the reduction will be tmnted a+u pnrtiul prepayment without any ';�''-
<br /> ., ' prepayment charge under the Note. .-�,
<br /> ^ . „ 14. Notices. Any notice to Borrowe�provided for in thix Securiry [nstrument shall be gtven by deilvering it or by , ,�
<br />- ' mailing it by first claas mnil unlesx appliruble luw reyuiR,u�e of unathcr mcthod.Thc nottce shull be directed to the Property • .s;
<br /> � Address or uny other addre�s Bo�rawer de+ignuten hy nc�tice to Lender. Any nc�tice to Lender shc�ll be Siven by first cinss
<br /> �• � � �� mnti to Lender?s uddrcss st�ted hemin or uny other uddm�+I.ender designuter by nrnicc to�orrower. Any notire provided for .. _
<br />_ � in tht� Sccurlty Intitrument shuli bc dcemed to huvc brcn given to Horrowcr or Lendcr when given uz provided M this
<br /> �l paragraph. , .-
<br /> � � I5. Governing I.uw: Severnbility. This Sccurity In,trumcnt shull bc gavcmed by federul luw und thc luw of thc .�(_
<br /> f �� ju�Isdtctlon in which the Property is I�xuted. ln the�:vent ihat uny pmvision arrluutir of thix Security Instrument or the Note ,
<br /> . conflicts with applicablc luw,sunc�onflict shall nrn uffcct othrr prnvisium of thi s Sccurity Instrumcnt or the Notc which cun
<br /> � be given effect wt�hout ihe contlicting pmvi�ion. 'Ib thi�cnd the provisicm,ot'ihiti Security In�trumcnt und the Note um
<br /> � " declured to be severcble.
<br /> 16. Borrower's Copy. Borrowcr shutl bc given onr ccmfommd copy uf the Notr und nf this Sccurity Instrument. " "
<br /> 17. 'IYansfer of tfie Property or u Bcoeficiat Interest in f�orruwer. If ell ur imy part of thc Property or any intcrest in
<br /> it is sold or transfernd(or if a beneficii+l interest in Sorrower i„old or trs�n+fern d un d Sarrower iy not u nutural p enon) �
<br /> . �� . without Lenderk prior written cansent. Lender muy,ut it�e�ption,reyuire im�rxdiute paymcnt in full of ail sums secured by �
<br /> " ° � this Security Instnament. However,thix optinn shull not bc cxcrri.rd by Lrndcr if cxrrci�c is prohibitcd by fcdcrnl luw us of
<br /> j the date of this Securiry Intitrument.
<br /> fi� ' If Lender exercises this option,[.ender�hull�ive Borruwer notice of ucccleration. The ni�tire shall provide a period of
<br /> not le,s than 30 days from the date thc notice is delivend or muiled�vithin which Bormwer mutit puy all tiumti xecured by this
<br /> . '�. . Security Instrument. If Borrower failx ro pay the+c sumti prior to the expiraticx�of thi, peri�xi. Lender may invoke any
<br />- remedies permitted by this 5ecuriry lnstrument without furthcr notice or demutxi on Bormwcr.
<br /> � IS. Borrower s Ri�ht to Reinstate. If Borrowcr mcct� rertuin condition+. Borrowrr +hall havc the right to havc
<br /> . ; F enforcement of this Security Instrument disccintinueJ ut uny time pri��r to the earlier oL• (u)5 days(or such other period as
<br /> _ti Single Family••Funnle Sloe/freddlr�iac l'KIFUR�t I�STRCNF.\T--Undi,mi Ca�enam+ 9/90 fp�k�4 nJn pugcs� I
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