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<br /> . condemnutlon or other wking of any part of the Piroperty.ar far comeyunce in Itcu of condemnadnn,are hsr�b'y assiArted aad � _� _ _ ____ _
<br /> �- eh�ll he patd to Lettdet. --_ —
<br /> . In the event of u total taking of the Pmperty. the proceeds shull bs applted to the sums secured by this Secudty ,�;�__ �- ,:
<br /> Instcument.whether or no1 then due.with any excess pt�id to Barmwer. In the event of a pFUtiai taking of the Property in
<br /> whlch the fnir market vulue of the Property immediately befora the tukIng is eyual to or greater thnn the nmount af the tiumA �,,1�r:�;��-��_
<br /> - � :secured by this Securiry lnsuument immediutety befote the tnking.uniess Borrower cutd Lender othcrwine�grcc in wrlting, L---=— —m
<br /> ° the sums secw+ed by this Secudty Instrument shull M reduce�by the amount of the ptoceeds multiplied by the following �--�--
<br /> fracUo»: (n)the total nmount of the sums secured immediutety befons the uilcing,divided by(b)the fair murket vutue of the �'=ki�=-"�:_��_
<br /> Property Immediately before th,:taking. Any balunce shall be paid to Borrower. in the event ot'a partinl utking of tf►e :� -----•A_
<br /> . Property in which the fui�murket value of the Prapetty immediutely before the tuktng is less than the umoum of the auma �'�'==-°°�" --
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<br /> secured immediately before the taking, unless Borrower and I.ender othenvtse agree in writing or unless upplicuble luw � -"v.��^:-;;�,,,—_r„�
<br /> otherwlr,e provides,tha proceeds shall be upplied to the sums sc:cuned by this Security Insuument whether or not the aums arie . :��-�'"�
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<br /> Aien due. ..:•,:�i;;�:�:=—=;;
<br /> If the Property is abandoned by Banrower,or if,after aotece by I.ende�r to Bormwer that the condemnor offers to meke • ��•.�, .�..
<br /> an awa[d ar s�ute a claim for dvnages,�orrovrer fails to respond¢o Lercder within 30 days ufter the date the notice is piven, �.i�'��'�'••:
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<br /> • l.ertder es autRorized to coAiect and ap�►ly �he proceedc,ut its option,eicher to restoration or repuir of the Pro�rty or to the �• +,�:';:;:,;; ;, ' �
<br /> : . sums secured by ches SecurnYy Instniment,whether or uot then due. � '"'`-`�'�`-.
<br /> . ,�:,•,'�;.:, flJniess Len�er and Borrower atherwise agree in writing,any applicAtion of praceeds to principal xhull not exe¢nd Qr �=.�.'L;r�,k.-
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<br /> `�����,� Rascpone the due date of the monthly payments refe�red to in paragmphs I und 2 or chan�e the iunount of such puyonenrts. '.°r—��;�__.__
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<br /> .. '}cf .. Ii. Borro�ver Not ideleased; For�a�nce By Lender Not a V6iniver. Extension of the time for pay�raent a�r � .:,_�,
<br /> , ,�;�- ' modification of amortization of the sums secueed by this Secariry Instrument granted by Lender to any successor in ic�terest � :��,:..,�,,
<br /> ;���(�;�j;y�; ���r� of Borrower shull not operare to release the liability of the originul Borrcwer or Borrower's successnrs in interest.Lender .._
<br /> �''���:.';:?��•� `' ' shall not be required to comcnence proceedings against any successor in interest or refuse to extend time far payrment or �� ,��grr�,,;�.--
<br /> ' '�'��� �• ot�eerwise modif amortization of the sums secured by this Scradty In�trument by rea+om of any demand made by rthe�rsiginal ..�,�'�,�:_
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<br /> Borrower or Borrower�s successors in interest_ Any forbr:u:�ere by Lender in exercisirn�,any right or remedy shall n�t be s+ � �`-'—
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<br /> . waiver of or pteclude the exercise of any right oT remedy. „ ,
<br /> ° � � 1Z. Suecessors and Assigns Boun�O;Jlz��nt and Se�•eral Lia1cilite;�o-si�ners. The covenants and agreemen�s of this „ �v.a:�;-:''
<br /> .���'Y. Security Instrument shal!bind and benefit d�r�uccessor.and assigns of!ender and Barrower,�abj�.t to the pc+ati•isoans of � �4��' `-
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<br /> t+�"��`r paragrnph I7. Borrowerk covenants and agrzements shail be joint and several. Any I�orrower �vh��co-signs tinit Security �'",�� _ _;!�-'-
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<br /> !,r� Instrument but does not execute the Note: ta)is co-si nin this Securit lnstrument on1��to mort a e. t and c�nve that
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<br /> S,.<� $arrower's-interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pu}ihe sums -
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<br /> `� ���� ' �� secured by thes Security Instrumenr,and(c)agrees that Lender and uny aiher Bormwer may agree to extend,modify,focbear �� '
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<br /> a�cuu�uwJ,itiv�i� w�th reg.ard io thc tcrms of ihis Secu:�,� ne:::rument or t!� Note Withrn�t that Rnrmwer� ���,.�.�.:.
<br /> ;��'r�r;f�r. consent. ,.
<br /> i�;,,.;:_.; 13. Loan Charges. If the loan secured by this S�ri:cety Instrum�nt is subjec� e•� a law which sets maxienurtm loan r��•�:�
<br /> � charges,and tha[law is finall��interpreted so that the interes�,,r other foan charges ta0a•e:1:d or to be collected in cctinr�ecpon �C;:i;
<br /> �:-�,.,.,
<br /> with the loan exceed the pertniYted fimits,then: (u)any su�Ge J,�an charge shall lx redu.c�•".�y the amount nece�sary aD a�educe ;'•���`�• �
<br /> `' ihe charge to the Rermitted limit;and(b)any tiums alreudy collected fQairae'Boaower«7�icr rxcee@ec��neamitted li[reits will be • . "' ; •
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<br /> refunded to Borrawer. Lender may choosr te�nake this refund by redac�cirg�he principal owe�ua��ler nC2:tiote or by making a • Y' '•r" ;•
<br /> direct payment tu Sorrower. If a refund redures principal,the reducti�.+���:+iU be treatec�a.u�ar¢fiat�r�payment without any b <��'�'
<br /> , � � pmpayment charge under tQ�r'::�Te ' ���y
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<br /> �,. . 14. Nottces. Any nr:<<e tn Borrower prov�ded fr.r in this Security [nstrumcnt ah�a�l be given by delivering it or by f
<br /> ;'�'�'"•. mailing it by fint cla�s muil unletis applicable law requircti use of another methcxi.The notice shall be directed to the Property
<br /> Address or any otfi�r addre.s Borrower designate:,by notice to Lender. Any notice ro Lender xhall be given by first class ��� `�.,
<br /> muil to Lender's addrexs stated herein or uny other addm.s Lender dcsignatex by notice to Borrower. Any notice provided for
<br /> in this Sccuriry Instrument �hall be dcemed to havr txrn given to Borrower ar Lender when given a� provided in this •d r�
<br /> pazagraph. ��
<br /> ;.y.ti., � �"�.
<br /> I5. Governtng Law; Severabilit��. This Security tn.trwnrnt �hall be gov:med by fe der.�l law :nnd ihc !aw of the :.�,;:�• +� ��/'f..�
<br /> jurisdiction in which the Property iti I�xateJ. In the event that any provision or clau.e of thi�Securit Instrument or ti��Note '''''`��
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<br /> � •, conflicts with applicuble luw.,uch contlict,hall not affect uther provitiion�i�f this Securiry In�trument or the Note��•h�eh can • ,,�.
<br /> be given effecr. ��ithout the ronflicting pr����i.i��n. Ti�thi�cnd the pr:�vi,iom of thi>Sc�urity In.trument and thr?3ate uJe �' ''•` '
<br /> derlared to hr;everable. ,`'}����`�°�':�
<br /> . �r 16. Borrower's Copy. Borro�ver shall tx given one coNi�rtnrJ cop� of thr Note and of this Serurity In.trument. �, ,.
<br /> 17. TYansfer of the Property or a Beneticial Interrst in Borro.�•er. It all or am�pan of the Pcoperty or any inierest in "'�
<br /> ` �,.. • '!r it is sold or transferred tor if a benrticial intrrrtit in RortnNrr i. .o1d �>r tr:+mferrrd and Bomi�+•er i�not a natural percon► � ,_ •
<br /> � ., � ;:�'�� without Lender's prior written conxent,LrnJer may.at it.option, rcq4::-� immrdiatr payment in full of all sumc secumci by �
<br /> ;, . ,,,,,,,
<br /> this Security In,trument. However.thi.u�xion tihall not t�e rxercisec:h} �:r.drr if erercitie i.prohihited by Cederal law as of ;
<br /> ; ,,'�,`.'�'� ,•�� ' the date of this Security Intitrument. �
<br /> ;:f: � 7f Lender exercises thi�npiion.Lender.hall givr R:�•-�titier»oeicr af acrrlerati,r.. The notire shall provide a�riod of `" �
<br /> ' f ' r,:�t lrss than 30 days from the dute the nc�tire i.dclivrr.,i :�-rnail�d H�ithin ahich A��:rr��er mwt pay all�umti�erac:e:: '�y this � �.�,. '
<br /> , � Security Imtrument. If Borrowcr fail, tu pay thr+r ,ur.�- r-i.�r ta� the expiratiuti c�f thi� pericxi. Lender n:a� a���ke am• ;
<br /> � ; remedie.pern�itted by thi.Security Instrumcnt uithuut fiirthrr n��ci:c nr:l:mand un Hc�rruN�rr. �
<br /> . � ,� 18. Borrower's Right to Reinstate. If Borrc���er mcri� c�'r:�ir. �onditium, Borro�tier.ha[[ aa�e thr ri:�ht to have
<br /> �:�'. �.•. • . enforcement of thiti Securiry• In.trumrnt di,runtinued at am tmn �r;,,r�;�the earli�r�.f: Iat S d3�.tc�r.urh oth:e�ricxi a, .
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