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<br /> �:ti��;��:,:t� condemnation or o�er taking of nny part of the Prop�r�y.or far cunveyance in lieu af condcmnntion,are hereby assigned and -- .�._____,.._____-
<br /> shaU bt+pnid to I.ender. __.
<br /> -'�'���_��' �' !n the event of a totai tel:{eg af� ihx�prrty, the proceeds shttU ba applied ro the suma secured by this Security ����;_______ ._ _
<br /> ``,� '•:�'�' "'`''"'`� Inatrument,whettter or not then due.w[ih any eacrsa puid to Botmwer. In the zvent of ct partial tnking of the Property in -•-� --
<br /> ',, '�n which the fnir murket valas of the Propeny immedintely before thc taking ia equnl to or grenter�hnn the amount of the sums ���=���;=_---____-
<br /> :s"�r�t�.,.�, ':.� ---�---
<br /> , ���• secured by this Security lnsmiment lmmediutely befarc the tnking,unless Barrower l+nd l.cndcr otherwise ugree in writing,
<br /> - � the eums uxured 6y this Scxurity Instrument shall be reduced by the umount af the proceeds multiplied by the fo!lawing -�_.�-°�;-T:;�„�ts,,�_.
<br /> -- `�f fraction: (a)the tatal amount of the suma secumd immediutety befoce the talcing,divided by(b)1he faie market value of the ��;�,,--
<br /> ' � � � � Property immediately before thQ taking. Any balunce shull be patd to Borrower. In thc event of a purtial takin�of the :��:�=:-;�_-�.y.�_R-�
<br /> Prapeity ir►which the feir market vulue of the Froperty immedintely before tho tuking is Icss than the umount of the sums �--^�-,= ��:zt��;.-__
<br /> _ secured immedfateIy before the taking. uniess Bocrower und Lertdcr otherwiae agree in wridn�or unicss appitcable !aw � ;'�-"""'' --� ..
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<br /> otherwise provides.thc praceeds shatl be app l i e d to t he sums secu r e d by t h[s Secu d ty I ns u u m e nt w hether or not the Rums are • � ��;,_s�,,
<br /> then due. : !.. .�P;;�':.�.
<br /> If the Froperty is abandoned by aorrower,or if,after notice by Lender to Borrower that th�condemnor offers to make - _ -y._;�„ __
<br /> en nward or settle a claim for damages,Borrower fal(s to respond to Lender within 30 days afcer ihe date the notice is given, �:,t,ti;��n;==
<br /> Lender is authorized to collect and appty the proceeds,at its option,either to restoration or repnir of the Property or to the . , ' �.:.i;.;-__
<br /> sums secured by this Securi.ty Tnstcument.whether or noc then due. � "�' ��`:``,_
<br /> .��'.'�.
<br /> Unless Lender and T3ocrower otherwise agree iit w�itin�,any appltcation of praceeds to�principal shal[aot extend or , .. . �`.•:`.
<br /> . postpone the due date of t➢te monthly payments referned to in garap.raphs I and 2 or cL�:ange the amou�e►t of such payments. ' :••,�;°;�::�•-
<br /> 11. Borrower No4 llt¢���d. Fbrbearnncc 1Bg Il.e�os9�P 1VoQ a VB�z,iar¢n: �xtension of QCce ame for payment or : .��;���: �
<br /> modification of amortezarion of the sums secured by this Security Instnunent graneed by l.ender ta�ny successor in interest : '4.-�,���v
<br /> � •� of Borrower shai! nat operate to t�elease the liabiliqr of ah�original�orrower or�orcower� successc�rs in interest.Lender t __.�,_ _
<br /> shall noi be required¢o commence proceedings a�ainst any saccessor in interest or refuse to exrtea��time for payment or °`=;;�._
<br /> . othenvise modifyr amo�4ization of the sums secured by this Security lnstrument by reason of any de.a�an�made Dy the original � � �.��;�-ti
<br /> Borrower or Bornoweff3 successors en interest. Any forlsearance by D.ender in exercising any right ar remedy shall not be a � ' ;1j.F;�'`��:;:;._
<br /> . t�:<.t t�.�.,�t�-
<br /> waiver of or preclude¢he exetcise of any right or remedy. ° '�,tf#����`
<br /> 12. San�essors�m�Ass(gns Bound;Joint areal Ssveral Liability;CasigroePS. The covenants and agreemenGC of this • - '�
<br /> Security Insavment shai1 bind and benefit the successars and assigns of Lender ac����orrower,subject to the�nrovisions of • �•��_�%�_-
<br /> , ;.�x.���._
<br /> - paragraph 17. Bonnwer!� covenants and agreements shail be joint and several. Any Burrower who casigns tli9s Security „ �-.y�--
<br /> � Instrument but does not execute the Note: (a)is co-signing this Security Instrument only to rroo�ng�ige,grani and convey that
<br /> Borrower�interest in the Praperty under the terms of this Security Instrument; (b)is not personu�l}•�h�igate�to pny the sums , -�----°-
<br /> • secumd by this Security Instrument;and(c)agrees that Lender and any other Borrower may aFrec tt�extend,modify,forbear ., �P`"
<br /> ,.. . .
<br /> �. or make any accommodutions with regard to the tertns of this Security Instrument or the Ivote w�ahous thut Bormwe�•k . �-
<br /> "' consent. *
<br /> --- - 13. I.oan C:harges. If lhe lo:ut �c�:utr,�t t�y thi� S�curiry ln:;trument i� s:L;:�-ce e� a!»•+, ,•�h::h set� masimum loan -
<br /> - � .,; -�, ,
<br /> " charges,and that law is finally interpreted so that the interest or other loan charges collected c�r ao he collecied in connection • „ �;�,.. a
<br /> with the loan exceed the pertnitted limits,then: (a)any such loan churge shall be mduced by the amount necessary to reduce
<br /> � ihe charge to the pertnitted limit:and(b)any sumx ulready collected fmm Borrower which exceeded permitted limits will be :.` ,3•
<br /> • refunded to Bormwer. Lender may chootie to make this refund by reducing the principal owed under the Note ar by making a ,
<br /> nd mduc e s r i n c i a l,t h e re d u c t ion will be treated as u purtial pre pa yment without an y , '..,�''�
<br /> i dimct payment to Borrower. If a refu p p -, �;;•.;� �y,
<br /> prepayment charge under the Note. . ,
<br /> ',•;:' ,I 14. 1Votices. Any notice to Borcowcr provided for in this Security In,trument shall be given by delivcring it or by �'-��
<br /> �,;.'; mailing it hy first clasx muil unlesx applicublr law reyuires u�e of another method.The notice shall be directed to the PropeRy �. t
<br /> Address or any other address Burrawer designates hy notice to Lender. Any notice to Lender xhall be given by first class ,; eS '`
<br /> I mail to Lender's address stated hrrein or any othrr uddrcs�Lcnder detiignate,by notice ta liorrower. Any notice provided for •
<br /> . I :
<br /> ',..�� , � in this Security Instrument tihall bc dcemrd tn have Mecn given to Borrowcr or Lendcr when given us provided in this . ��
<br /> ' ara ra h �
<br /> �`:�:� � p �15. Coverning Law; Severability. Thix Security Instrument shull Ix govcrned by fedcral law and the law of the
<br /> '�� � jurisdiction in which the Pruperty iti loruted. In the rvent that any pr<�vision or cluuse of thi�Srcurity Imtrument or the Note ��
<br /> '�r`�,� conflicts with applicable law,such conAict tihall not atTect other provi>.ion.of thiti Sccurity Inxtrumcnt or the Note which cun „
<br /> �':,':��, be given effect without the conflirtinti provision. Ti�this end the prrni.ion� �;this Security In.trument und the Note are � � ,
<br /> :;!�' � � declared to bc severnble. � �
<br /> �`:` t.' I 16. Borrower's Copy. Borr��wcr�hall tx givcn nn�ronfurntvd rupy uf thr'�,t::and of thi�Security Irtmtrument. I •
<br /> �''"''` . '• 17. 'il�ansfer of the Property ur a ReneficiaE interest in B�nrr�n�cer. If�11 c�r any p.�rt of the Propetty or any interest in ,
<br /> • ' ' �� it is sold or tramferred(or if a lxnerrial intrrrtit in Borrowrr i, �ol,l or tr�n�ferred and Burro�.rr i.not a natural penonJ � „
<br /> ':�:;:.• , � , . ...
<br /> , without Lender's prior written c�nsent. Lcnder may.at it�optiem, rcyuire immediatr puymen¢ in full of atl sums.crund by i
<br /> �.�"�: this Security lnstrument. However,thiti��ptivn�hal!n�n he excrci+ed by Lender if exercise i+prohihited by feder.�l law as of ,
<br /> , Ihe date uf this Security Insttument.
<br /> . ,, If Lender exercises d�is option,Lrndrr�hall gi�e B.�rrow•er notice of acreleraticm. The nutire.hall provide a purioci of �''
<br /> :.;,'„ not less than 30 days from the Jate thc rn�tire i.drliv.rrd or mail�d��ithin which Borroµrr mu�:p:►y:QI.um>>ecured by this
<br /> �:r,, ' Security Instrument. If Borrowrr fail� tu pa� thezr �um. priur tn the expirution of thiti�ri��d. Lender ma�• im�oke any I
<br /> remedies permitted by this Security In+trument�ti ith��tit further r�ot�«ur dcmand on Burn��•cr. i
<br /> IS. $orrower's Right to Reinxtate. ]f Barm��cr meet� rrrtain conditiom, Burcu�c.r �hall havc thr right tu hu�•c �
<br /> enforcement uf this Security Imtrument di�rontinu:.d at any time prior tc�the earlier ut` �:u S day�Ie�r tiurh i�ther prri�xi a+ '
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