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<br /> condemnatian or other taking of nny pan of the Propert.y.or for conveyunce in lieu of condemnatIon,are hereby saslgned ond
<br /> aholi be paid w l.ender.
<br /> In tlie ovent of u total tnking of thc PropeRy,the proceeds shall 6e applied to tlw sum� secured by this Secudty
<br /> - � — instrument.whelher or not then due,wlth uny eacess paId to Borrower. In the event of a purtiN tnking oY the PYoperry in
<br /> ' which the fdr market value of the Property imme�istely befo�the taking ta cqunl4o or greater thun the amount of the sums
<br /> ' secuted by tht� Secudty Insaument fmmed(stely befc►re ths taking,unless Borrnwer and Lender otherwisc agc�ce in wridn�.
<br /> tho sums sccured by this Secudty Instcument shatl be reduced by the smount af the proceeds multiplied by the following �_-
<br /> �; , fraction: (u)the total umount of the suma r,ecured immedistely before the laking,divided by(b)the fair murket value of the
<br /> � Property immediately before the tuicing. Any balance shall be paid to Borrower. In the event of a partiat tsking of the
<br /> � Propecty in which the fuir market value oF the Property Immediately 6efore the�taking is less than the amount of the sums
<br /> ,, `° secured immediatcly 6eforo the ttiking,unless Borrower and Lender otherwise agree in wdting or unleas epplicable law
<br /> • . r.. otherwise pmv[de�.the praceeds shall be applied to the sums secured by thia Secudty Insuument whether or not the sums are
<br /> .;,.c�:"_ , then duc. _
<br />- " ;s;��'ii*. If the Property fs abandoned by Borrowor.or if,aftcr notic6 by Lender to Borrower that the condemnor offers to make -`
<br /> _ - -�°��:�:`�-_�T_ �atvard or settle a claim for damages,Borrower fails to respond to Lender wlthin�(►day�after the dete the nntice.i��ive.n, _ ---_
<br /> ���"�,"'�; �' ��,� L.ender ls authorized to collect and apply the pracceds.at Its option,either to mstoradon or repair of the Property or to the
<br /> /f,. ' ��:'r;; ' „ sums secnred by thjs Security Instrumenb whether or not then due. —
<br /> � .,� ;a Unless Lender and Borrower othcrwise agree ln wrlting,nny application of pr+oceeds tu principal shall not extend or
<br /> "' • • � � ;;� postpane the due date af the monthly payments referred to in para�raphs 1 and 2 or change the amount of such payments. ---
<br /> �:�,'�`r • ' 11. Borrower Not Releused; Florbearnnce By Lender Not a dVaiver. Extension of the time for payment or =--
<br /> - ,,-"� madlticatIon of emortir.ation of the sum� secuc�ed by this Suu�ity instn�ment�ranted by L.ender to any successor in interest = y�
<br /> � � ' of Bnrrower shall not opemte to release the liabiliry of the original Horrower or Borrower s successors in interest.L.ender ---__
<br /> . shall not be required to commence praceedings aguinst any successor In interest or refuse to extend time for payment or �=.snF=` -
<br /> � � otherwise madify amortlzatlon of the sums secured by this Secudry Instrument by rea4on of any demand made by the original ----
<br /> � - Sarrower or Horrower's euccessors in interest. Any forbearnnce by Lende�in exercistng any right or remedy shaQ not be a �; .._��
<br /> �� ' . waiver of or preclude the exercIse of any right ar remedy. `'•-�°`�-
<br /> � r�s,,
<br /> lZ. Successors and Asstgns Bound;Jaint and Several I.iability;Casigners. The coven:+nnts:u�d agreements of this ,��,`:�,_�,_.
<br /> Security Insuument shall btnd and benefit the successors and asstgns of L.ender and Borrower,subject to the provisions of �;�;�- _
<br /> paragruph 17. Borrowcr's covenants and agrecments shall be joint and sevcral.Any Boaower who co-si�ns thls Security :�_-_
<br /> " Instrument but dces not execute the Note: (a)ls co-signing this Security Instrument only to mortgage.�runt and convey that -
<br /> �, �� Borrowcr's interest in the Property under the terms of this Secur�ry Instrument; (b)ts not personally abligated to pay the sums • =-
<br /> . secumd by this Sccurity Instrument;and(c)agrees that Lertder and any other Bocrower may ugrce to extend,modify,forbear ��' ���-°
<br /> or make any accammoduttans with regard ro the terms �f this Secudty Intitrument or the Note without that Borrower's 't *Y_�-�--
<br /> ' : _ , ctnlisciit. '' �, ,
<br /> ,. 13. Loan Charges. if the loan secured by this 5ecuriry Instrument is subject to a luw which sets maxlmum loun
<br /> charges,and that law is finally interpmted so that the interest or other lnan cherges collected or to be collected in connection • � =-
<br /> with the loan exceed the permitted limits.then: (a)any such loan churge shall be reduced by the amount necessary ro reduce '-'==_
<br /> the churge to the permitted iimft;and(b)any surns already collected from Barrower which exceeded pertnitted limtis will be , y
<br /> � refunded to Bor�owCr. Lender may choose to muke this refund by reducing the principal owed under the Note or by making a _
<br /> . direct puyment to Borrower. If n refund ceduces principul,the reduction will be treated as a purtial prepayment without any '
<br /> � pmpayment chnrgc under the Note.
<br /> 14. Notices, Any natice ta Borrower provided for in this Security Inxtrument shull be given by delivering it or by
<br /> . �- muiling it by Cnt cluxs rr�uil unlers applicublc luw requires u�e of unother method.The notice shull be directed to the Property
<br /> Addmss or any other uddress Borrawrr designutes by notice to Lender. Any notice to Lender shull be gtven by first cluss =
<br /> �� mail to Lender ti uddrexs stuted herein or uny other uddrctis Lcndcr designate+by notice to Bonowec Any nottce pmvtded for .
<br /> � in this Security Instrumem shall bc dccmed to huvc been givcn to Borrower or Lender when given �.c provtded in this
<br /> / pnragrAph. .�, �
<br /> , IS. Governin�I.aw; Severnbility. 7'his Sccurity Instrument shaU be govemed by fedeml law und the luw of the ,
<br /> jurisdiction in which the Property ix located. In the event that any pravision or clause of this Securiry Instrument or the Note �
<br /> . conflicts with applicable law,xuch conflict tihall not affect other provisions of this Security Instrument or the Note which cnn
<br /> be given effect wi�hout the conflicting provi.ion. Ti,thix enJ the provi�ion+c�f thix Security Inxtrument und the Note are „
<br /> � dcclared to bc ticvcruble.
<br /> 16. Borrower's Cupy, Borrower�h�q be given crne confortned copy of thr Notc nnd of this Securiry Insrrument.
<br /> 17. 'I�nnsfer of the Property or a Benef�clal interest in Borrower. If all or uny p.irt of thc Pro}krty or any intcretit in
<br /> . it is sold ortrnnsfcrrcd (nr if�bencficial intcrest in Bonower is wld or tran�feacd und Bormwcr i�not u nutural penon)
<br /> without I..�:nder�prior written con.cnt,Lendcr may,at it+option,reyuirr immediatr puyment in full<�f ull sums sccured by ' �
<br /> , this Security lnstrumcnt. Howcvcr.thi�ciption�hull not be cxcrcixcd by Lcndcr if exercisc is prohihit�d by federul luw as of
<br /> ' the date of thiz Securiry In.trument.
<br /> If Lender exerci+es this option,Lender shull givc Borrower notice uf acccleration. The nntice shAll provide a period of
<br /> not Iess thun 30 days from the date the notice is detivercd cir muiled within whirh Borrower mu,t puy all xums secured by this
<br /> Security Instnirnent. If Borrowcr fnila to pay thcae sums prinr to thc expirution of thi. period.Lcndcr may invoke any
<br /> . remedies pertnitted by thi.Security Instrument without fuRher notice or demand on Borrnwer.
<br /> 18. Borrower's Rl�ht to Relnstate. If Bormwcr mect. rertuin cundition+. Borrower xhall havc thc ri�ht to havc
<br /> ' ' enforcement of thix Scrurity Instrumrnt di�continurJ ut:u�y timr prior to thc rurlirr af: ta) 5 du�s(�r�uct�other periaf us � .
<br /> Singtc F�amdy-•F'annie�lae�Freddie Nac l'�IFUR�11\tiTRCMEti'C•-Umtumi('ovenant+ 9i� r/wRC 4�/n�xrge��l `
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