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<br /> ___ condemnatIan ar other taking of nny part of the Pco�erty,or fur conveyunc�in lieu of�oademnntion.uro heraGy areigned und
<br /> =-z`:����'''�'� shull bc p�+d to Lender. `—�---
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<br /> __��,.�;,� In Ihe event of n total takin�of the Propeity, the procceds shall bo applied to ti�e sums secutrd by thie Seeurtty = _
<br /> • •"• �r� •t� Instrument.whether or not then duB,with uny excess�pui�to Batrower. ia tha event of n pst�tlal tnkinB of thc !n -r-_-----�--• -_
<br /> ?''�'�`F;;:�;..: ., which the fuir market vnluo of tho Propsrty immedlutely before the takIng is equai to or grea�ter tltnn the nmount of t e surina
<br /> ���-'r���, � �ec�ued by thix Security Instrument lmmcdiately before the tulcing,unlesa Bomower and L.ender otherwlse agreo in wdting, �-,—_�.
<br /> °"' ' `� thc sums securcd by thi�Securiry Instmment shnll he re�iucesl by the nmonnt af the�Smcee�lq muldplied b thn follo�vinB
<br /> :,-r•.^_.r..... .:. --
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<br /> ;�;+�-,�;;�;.,c,.? fruction: (a)the total amount of the xuma secured immedinteiy before the taking,divided by(b)the fair m st valua of the � --
<br /> , • Prnperty immediutely befare tMe takin�. Any balance shall be pnld to Bomnwer. In the event of a puriinl taklnII af the _-
<br /> �•.�'. Property in which the fair market vulue of the Pmperty immcdtntcly befor�e the taking ix lesa thun the amaunt of the suma = -
<br /> •- h �� secured immediately before the tnkin�, unless Borrower and i.ettder rnhenvlse oarr.�s in writing or unlese upplicAble luw __ _ _
<br /> ,� othenvise pmvides,the proceeds shap be npplied to the sums secured by this Securlry infitiume�t whethor or not the sumx are =�_�_
<br /> ' eLt¢n due. __--
<br /> , �'�i� lf the Property is ubundoned by Borrower,or lf,atter notice by Lender to Horrawer thst the condemnor affers to make = - _-_ _- _
<br /> . �, _
<br /> .;` an awaed or settle u cluim for dam�IIes.Borrower faIts to respond to Lender wlthin 30 days after the Qate the notice is given, ��u��__=-
<br />, ' Lemder is authodzed to coltect a�dl aQ�Ey the proceeds.ut its option,either w t�storation or t�pair of the Properiy er eo tQte ��=�_�_,
<br /> " ..� I sum5 secured by this Seceui¢y I�stname�:t,whether or not then due. -•�•��- _
<br /> m�yK._--
<br /> , Unless l.ende�aced�orroweQ��vise ag�e in writing,any application of proceeds to ptincipal shall not ext¢c��ar �
<br /> ;' i postpone the due daae of the monihQy payztt�n�trs�¢ffe�co 6n peza�raphs 1 and 2 or change the amount of sncch pr�y�tenes. �`�'°µ✓'��
<br /> . . ,:ti�:
<br /> Il. Borrower Not Itelesn�edl; �ma�au�� DAg ➢.em�d¢u� not a Wuiver. Bxtension of the tiaze Q'vA payraeat or �"��
<br /> • '� modifecaei�n of amortizution of ttrr suaans s�caera9 by c�is S�eereey @nsuument granted by L¢R.�er to s�ny succ¢ssor in ineee�st '�'�'":'�-="
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<br />"� � of Burm�wee shall not operate to t�Pease the IiatraGty of t}ae maigi�f Bomower or Born�wers seccoessots in i[tce�sw i.ender
<br /> ;,,,�. - -
<br /> shaU cecrt 6e required to commence procee�ngs against any sne�c�essor in interest or t�efuse to eatend ti�ee f�r paymant or � .,,_�___
<br /> • ,_ " ost�erwn9e modify airnevrtization of the sums secaeee9 C�y this Securiry Instrument by reason of eny demsind made by the origtnal �- -:-
<br /> � 4�cr�wer or Bo�enrec�successors in interest. An� farbearance by L.ender in exercising any right or reue�e�9y shall not be a .:�'�-ti�=
<br /> ��� ���anver aS�r pretludz¢i�e exercise of any right or c�medy. ' ' i: ,:
<br /> •:' A2. SuccessQrs nmd As� I�aund;doint and Several Liability;CasFgners. The covenants and agreemenu of this '�c�.:�' :��,._.,
<br /> � �. r�-°-_�-
<br /> ,i'�"� Se�:urity Instrument shaU birtd an�, 6enefit the successors and sisssigns of I.ender and Bomower,subject to the provisions of 'f; �:=''_-
<br /> $ -�"k4:�'•;.�"`;::r`>-
<br /> paragcaph 17. Bomower�covenants and agreemenu shall be joint and several. Any Borrower who co-signs this Security • - },�,�,-;__
<br /> lnstrument but does not exocute the Note: (a)is casigning this Security Instnartent only to mortgage,grant and convey that 'r��',:�-
<br /> Borrower�s interest in the Property under the teans of this Securiry Instrument; (b)is not person�lly obligated to pay the sums -
<br /> „ secured by this Security Inst�ument;and(c)agrees that Lender and any other Borrower muy agree to exce�d,madify.forbear '�' :�� '�.�e
<br /> or make any accommodations with regard to the tertns of this Security Instrument or the Note wie[tcrut that Botrower� ...;�;`�.�-:-
<br /> - ° consent. 1
<br /> -- ---= --
<br /> � 13. I.oan Charges. lf the !oan secured by this Security lnstrument is subject to a law w[tid4 s�ets maximum loan ` ; _
<br />' ' . charges,nnd that law is finally interpreted so thut thc interest or other loan charges collected or to tre co6lec¢ed in connection �—
<br /> with the loan exceed ihe permitted limits,then: (u)any such lonn charge shall be reduceci by Hte amount mecessary to reduce "�
<br /> the charge to the permitted limit;and(b)any sums alre�ady callected from Borrower wGicii enceeded perm�itted limits will be ' , ;f;;��
<br /> ,, ; refunded to Borrower. I.ender may choose to make this refund by reducing the principal owed under the Note or by making a •, ` ;;:.�.+��;;:;,_-
<br /> dir�ect payment to Borrawer. If u re(und rt:duces principal,the reduction will be trcated as a partial prepayment without any ��!•-•'��:;.�':;�,��;..:,.:,
<br /> ' re a mentchaz e underche Note. '''�'��' "`�
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<br /> 14. Nouces. A�y notice to Borrciwer provided for in thix Security Instrument shall be given by delivering it or by �[};;;;;',',.';�,f�i,�""!'
<br /> muiling it by first datis muil unle�t applicable luw myuirex use of another method.The notice shall be directed to the Propecty •�.',�:`•�� ' ' ,;:;-�
<br /> Address or any other addmss Borcower designates by notice to Lender. Any notice to L.ender shalt be given by first class ' °?°�'
<br /> � mail to[.ender's Address stuted hercin or any other addrees Lender designates by notice to Borrower. My notice provided for �!;':{s�''�`-
<br /> ' y�,.;�` �%
<br /> in this Secarity instrumcnt shull bc deemed to havc lxen given to Borrower or C,ender when given us provided in this •, �."p,.�,�
<br /> ParagraPh• •'� -��:��'�.
<br /> 1S. (ioverning I.aw; Se��erubility. This Security Imtrument tihail t►e govemed by federal law and the law of the �' ' �;�y�`j,�-�
<br /> jurisdiction in which ihe Pmperty iti located. In the event thnt any provision or clause of this Securiry Inst�ument or the Note ' "�r��
<br /> conflicts with applicable law,such ronflict shsll not affect ather provisions nf this Security Instrument or the Note which can t; �". '`
<br /> • be given effect without th�ronflicting pmvi.ion. To this end the pmvisiom of this Security Instrument and the Note nre • • ��;�«<�:
<br /> � ;.•..1,`�t ' dcclured ta be severable. � ;,; �!.��,,���,�:.
<br /> '; •�.�� � 16. $orrower's Copy. Borrower>ha8 t+�gi�•en onr confortned ropy of the Note and of thi.Security[mtrument. . � .� �
<br /> 17. 7lransfer of the Property or a Beneficial lnterest in Borrower. If all tir uny part of the Pmperty or any interest in • �.� •
<br /> •;� it is sold or transferred(or if a benefirial intere+t in Bormxrr ix xold or transferred and E3orroa•er is not a natural person) '
<br /> without Lender's prior writtcn con+ent.Lrnder muy.at it.uption,requirc immediate psyment in full of alt sums secured by , �
<br /> this Security Instrument. However,thiti aption.hall�iot be exercised by Lender if excrri.e i�prohibited by federal law as of
<br /> the date of this Security Instrument. " ' "'
<br /> If I.ender exerrises this option.Lender.hall give Borrciw�r notire of acrcicration. 'Ihe notice tihall provide a period of (
<br /> not less than 30 dayti from the date the notice i�de(i�•ercd or mailed within w•hich Bormw•er must pay all sums secured by ihis I . �.��.;
<br /> Security Instrument. If Borniwer fail. to pay the+r tium�prior to the capi�ation of thi. period. Lendcr may invoke any , �
<br /> mmedies permitted by this Sccurity Instrument��•ithout furthcr nc�tirc or demand on Bornnaer. •.
<br /> � ' 18. Borrow•er's Right to Reinstate. If Borrou•cr mrrt.rrrtain cunditionti, Burtower +hall ha��e the right to have � '
<br /> ; enforcement of this Sccurity[n�trument di�c:untinucd at:u�y time priur to thc rarlier��f: (a►S da�,(or wch other period as '
<br /> timglc Famd�--Fannie�1ae/E�Idie�fuc f\IF'UR�t IVti'GRf�7a:\T--t nd�mn Co�enam. V190 �pu��1 a/n�,,rp,•�� I;` ,
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