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<br /> ' .� condemnatto�or other[aktn�of any part af the Property,or for wnveyance In Heu of condemnation.are hereby nssigned nnd ' °';v�_z,::�
<br /> . .:;,b�tr; � `_;;` shell be paId ta l.ender. -',,;,,�'�`�„=`��", °•
<br /> •:��; .::�.� . _
<br /> ,, h „ In tho event of a totAl taking of the Prc�perty. the proceeds shull be applied to the sums secured by this Security � ; �r�_-_
<br /> ° Instrument,whether or not ihen due,with an exccss aid ta 8orrower. In the event of a partial tuking of the Property in '•• ���`�.�-__
<br /> Y P . .,,�=.----
<br /> + ,�';��;:�;-. �;. � which the fair market value af the PropeRy imrnediately before the taking is equal to or greatcr than the amount af the sum� ��^��'=° °`"°
<br /> " secured by this Secudty Instniment fmmedintely before the takin�. unlesa Borrawer and Lender otherwlse agree in writing. � '`"-`�'�-';�,;�
<br /> ��"' • " %2 tha sums secured b this Secudt lastrument shall be reduc�d b the amount of tite roceeds multi lied b the followin -'''-�""`�u--�W
<br /> ��.. . ., Y Y Y P p Y 8 .,.•'c�x--�.
<br /> fraction: (a)the total umount of the aums secured immediately before the taking.divided by(b)the fair market value of the �;,.�;i�;—�4�_.
<br /> • " N � Property immediately before the taking. My balance shall be paid to Dorrower. In the event of a partial taking of the �„ �`�:`�+,':�-:��:�-��i„
<br />- = . Property in which the fair market vatue o;the Property immediately before the taking is less than the umount of thc sums ,•.:;,..,� ;�«;:`
<br /> ... .. . ' ! secured immediately before the takin�, unless Borrower nnd Lender othenvtse agree in wdting or unless applicable law • �'•: �'� '•� __
<br /> otherwise provtdes,the praceeds sh�(1 be applIed to the sums secured by this Security Instrument whether ar not the sums are • �
<br /> then due. '4
<br /> If the Property is abundoned by Bucrower,or tf.ufter notice by Lender to Borrower that the condemnor offers to mu3ce • � ,_
<br /> ' • , ' " an awurd or r,eKle a claim for damages,Bortower futls to respond to Lender within 30 days nRer the dute the nottce is given. ' „ _
<br /> .�• I Lender is authoriud to collect und npply the proceeds,at its optton,either ta restoration or mpair of the Property or to the • „
<br /> �� , sums secured by this Security lnstrument,whether or not then duc. ;. ' -
<br /> Unlass Lender und Borrower otherwlse agree in wdtin�,any applicatian of proceeds to princtpal shall not extend or
<br /> � • postpane the due date of the monthly payments referred to!n psuagraphs i and 2 or chnnge the Amount of such puyments. • •• �
<br /> 11. Borrower Not Reteased; Forbearance By Lender Nat a Wafver. Extension of thc time for payment or . •
<br /> . - --. -'•" --_^ ttltritljtl'il{tUll Ur t!!lIVt�l4ptlu�l�T l�tc�u�ii�.:::.u�;�r.y sr.3:.c,:.�iST�2�ttistrusr.er.t gr,eni:�Z-`��-`-'n�Pi(n aAV c��rrncm���l�(pm¢t _ _ _ . .,'°,�
<br /> ' ' of Borrower shaQ not opetate ta release ihe liabi(ity of the original Borrower or Borrowers successors in interest.Lender T��....:t:.,w�'•"
<br /> shall not be required to commence proceedings aguinst any successor in interest or refuse to extend time for payment or !��.���."
<br /> ' otherwise modify amortizutlon of the sums secured by this Security Instrument by reason of uny demand mnde by the original �` � �•'�; �
<br /> Borrower ar Borrower'.s successon in interest. Any forbeurunce by Lender in exercising nny right or remedy shul! not be a „ _� r y.,_
<br /> " waiver of or preclude the exercise of any ri�ht or remedy. �"� �,
<br /> �• ' 1Z. Successors and Assigns Bound;Joi�t and Severai Liability;Casl�ners. The covenants und agreements of this . '
<br /> •• Securiry Instrument shall bind und benefit the wccessors and avsi�ns of Lender und Borrower.sub ject ta the provisions of .�i�i1�,
<br /> paragrnph l7. Botrower's covenants und agreements shall be joint nnd several. Any Borrawer who co-signti this Security �"3.
<br /> Instrument but does not execute the Note: (a)is co-sisning this 5ecurity Instrument only�o mortgage,grant and convey that � '��'+ �—
<br /> Borrower's interest in the Property undcr the terms of thi.r•Security In+trument; (b)is not penonu l ly obliguted to pay the sums ���
<br /> ,, � secured by this Security Instrumenr,und(c)ugrces thut Lender and uny ather Bonower mny agrec to extend,modify.forbear ' � :
<br /> ` _ :_.._ or make nnv accommcxlations with reeurd to the terms of tbis Securuy Instrument or the Note wlthout thut Bonower's '��ti�
<br /> ----._.....- --..___.__�:.,c._.
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<br /> - wnsant. �_:-----,.,�.,:....�,�_,.
<br /> •� 1J. I.oan Char�es. If the loun secured by this Security Instrurnent is subject to n law which setx maximum loan '' '
<br /> � charges,und that law is finatty interpreted so thut the interest or other loan charges collected or to be collected in connection ��'�� � �
<br /> ' with the loan exceed the permitted limits,then: (a)any xuch loiu►churge shall be reduced by the amount necexxary to reduce `" �
<br /> the charge to the permitted limit;and(b>uny sums already collected from Borrower which excceded permitted limics will be , � •'i
<br /> ., refunded to Borrower. Lender muy choose to make this refund by reducing the principal owed under the IJote or by making u � �' '
<br /> ditcet puyment to Borrower. If u rcfund reducex principal,the rcduction wili be treuted us u purtiul prepayment without uny •�' � . f
<br /> prepayment charge under the Note. �
<br /> 14. Notices. Any notice to Borrower pruvided far in this Security Instrument shull be �iven by delivering it or by ;,j�
<br /> mniling it by first cluss muil un(c+x upplicable ls�w requires use of onather mcthod.The notice shnll he directed to thc Property
<br /> Address ar un y other addre+x Bormwer detii gnatcs b y notice to Lendcr. Any notice to Lender shnll be given by fi»t class i' . °
<br /> muil to Lender's addrcxs stuted hcmin or uny other udd��ess Lender dcsi�natcr by noticc to Borrower. Any notice provided for ; ��,.,
<br /> , in thix Securiry Instrument rhull be decmed to huvc tken given to Borrower or Lender when given us provided in this ' ., :�; �
<br /> � parngraph. , ,.�:..
<br /> . - 1S. Governing I.aw; Severabllity. Thi,Security Intitrutnent �hull be govrmcd by fcdcrnl luw and the luw of the I � �'�'��
<br /> � jurixdiction in which the Property is locutcd. In thc event thut any provitiion ur cluu+c of thix Security Intitrumcnt or thc Note �' ' �`'
<br /> : „ cunil�cls wtUl applicuUle luw,.uch cunitict,hsil iwt uffect uli�rr p►uvi+iu��.uf thi,Se.urity ln.trum�nt or thc Note which can � , - .:..
<br /> be given cffect without the conflicting provi�ion. Tc� thi�end thc provi�ion,of thi, Scr.uriry in.trument und the Natc are •
<br /> • • declured to be severuble.
<br /> 16. Borrower's Copy. Borrower shail lk givrn onr a�nfumud cupy of�hr Natc und of thix Security Imtrument. '
<br /> 17. 7Yansfer of the Pruperty or a Beneftcial Interest in Borro�ver. [f iill ur uny purt of thc Property ar uny interest in ��
<br /> it is sold or transferred(or if u bencficiul intemst in Born�w•rr i. ,i�W cir trun.fcrnJ und Borrowcr i,not u naturul penon) '
<br /> without Lendcr's prior written wment,Lcnder muy,at itti optian, rryuirc immedisuc puyment in full of all sums securcd by
<br /> this Security Inztrument. Howcvcr,thix optiun shall not bc exenis�d by Lendcr if cxcrcix iti pr<�hibitcJ by fcdcral luw us of
<br /> ' the datc of this Sccurity In.trument.
<br /> if I.cnder excrcixc,this option,Lendcr shall givr Borrowcr nuticc:of:+cecicrution. Thc noticc xhall provide u period of
<br /> not lesx than 30 duys from the dutc the notice is detivered ur muilyd within which Borrowcr mu.t pay all�ums�ecured by thi�
<br /> Security In��n�s�c:d. IF Borcower fuils to puy thc+c sumti prinr to thc expirution of thix Fxricxi. Lender may invokc any
<br /> ., ' , mmedics permittcd by this Sccurity Instrumrnt without furthcr noticc or dcmand cm Borrc�arr,
<br /> 18. Borrower's Ri�ht tu Reinstate. It'Borcowcr mcetx cenaim m�ditiom, Borrow•cr shall huvc thc right to have i
<br /> ; ' enforcement of this Security ln.trument di.rontinued ut any timr prior to thc eurlirr ut: t.0 S day�(or xuch othrr pr.rie�d as I
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