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<br /> __-._+�:�,';.Y� cond�mnntion or other inking c+3'u�y part uf the�+operty.vr for conveynnco in 1lcu af canslemnution�urc to:rcby asslgncd and __
<br /> �,:,,*�;�.°.�., 4 �hall be Su!M tn I.�nder, v� _
<br /> ;.��_��� in the event uf a totnl taki�g of tha Property.tho procecds bhnll Ne t�pplird to the suntn �ecu�1 by this Securi[y �--�,-
<br /> '. Instcument,whether or nat tlien duo.with any excess paid to Bom►wor. In tha event of a Qartlai taking of tha Proper¢y in
<br /> '•`���� which the fair market vi�lue af the P�operty Immediately 6etare the tnkinB is cgunl ta ur grentar thi►n tha amoimt ot thc�ums
<br /> 4��:�' �,��;,=R� secumd by this Setiu�lty Iu6tr�ruent jmmediately be[on tha ia{:ing,unicss Burr�wcr suid Lcnder othen�lise ag+cc in�frlting. £ �--- ---
<br /> _'�,'� ;Y�: the sums secured by this Secudty lrisuument shutl be�duced by the nmaunt af the proceeds muldplied by the following
<br /> ,y,.�.�'f,� . _e�' fmction: (A)the to�al umount of the sums secured immediately betora ihe tuking.divided by(b)the fair mnrket viilue of the
<br /> ..,-...•. .
<br /> ,�;;h,f Property immediately before the tuktng. Any butnnce shall be pafd to Bano�ver. In thc event af n p.�nial taking of the
<br /> "' '-- -`'` Property in whtch the fair maricet value of!he Property immediately hefore the tnking ia les.r than the umount af the suma
<br /> secuted immediately before the taking, unless Borrower:utd Lender othenvise ngtee in writing or unless npplicabta tuw
<br /> '�°�, .. ; �---� -----
<br /> . . ---
<br /> � ., -; othetwi�e provides.the proceeds shall be applied to the sums secured by this Secu�Iry Ir►�uument whether ar r►ot the sums�ue �_
<br />.�•� �• —
<br /> . chen due. �- .,=- -
<br /> � If the Property is ubandoned by BoicE►wer.or if.ufter nouce by Lender to Born►wer that bhe condemnor affers to muke —
<br /> � � ` an awtud or saatle a c(aim for dama�r¢s.IBorrower futts to respand to L.ender within 30 duys�Ei:er R�re date the notice is given.
<br /> � I.ender is autEtorizod ca coliest ae�d agrply RQ�e�roceeds.at its option.either to restor.ncion ar repaic o6 ths Property or ro the
<br /> � • suens s2ca�d Iby tlle6s Sxcurity DnsUUmxnt,wL'e�t�er a�a tt�t¢hmn duc. _
<br /> Iln�ess�.en�er aad�orrower othenvesa agree in wrieo��,any a�plicatia�►og pr�cceeDs ta�eirtcipc►E shali a�t encer�oY �_
<br /> postpotte the dlue daee of thx monthly puyrtr�nu cefecQed to icn g�aragrappes 1 artd 2 or cha�ge tQ�e auttourat of such pa�ym,�m¢s. _,:„_-_--
<br /> . � !1. �u���¢P Na4 �teleased; Fo��eao��ce �p� II¢mdl¢a� NoR a �atwer Extension oG �e time for payine�nn off --_-�--�-= -�-
<br /> modification og aonortization of the sums socured by tP�is Secnurity Insaru�tent grsu�ted by Lertd�r¢o any successor in interesu —'-�----------
<br /> ' of Barrower shali not operate to nlettse the liability of th�ariginal �ozrower or Borrower�successors in Interest.l.ender !"�-`:'-:=�-
<br /> ��-�---
<br /> shaq not be r�equined to com�nence proceedings against any successor in interest or refuse to extend ume for paymetet or ''°;;� ,,:.
<br /> ., ' ;:�� � ,._� --__
<br /> otherwise modify amortization of the sums secumd by this Security Inswment by reason of uny demand made by RG��original ,w�.�--
<br /> Borrower or Bomower's successors in intecrst. Any fo�eamnce by Lender in exercisang any right or t+emedy shall rtut be u ,,..;;.�0;':�'-
<br /> ��,;•:��ti waiver of or pn:clude d�e eaercise of any ri�ht or remedy. • f;�_
<br /> '`iE•�°'��� 12. Sue��ssors and Ass(gns Bound;.Cauest and Several Liability;Casigners. The cnvenunts and ngc�eements of this � ��- -°
<br /> �,r; :�:` 'Hs
<br /> Seaurity Instrument shall bind and benefit thc successors and ussigns of L.ender and Sorrower,subject to the provisions off .} t� -.
<br /> "-��•;: �� paragraph 17. Bornower's covenants and agreemenu shall be joint and several. Any Borrower who co-signs tlnis Security , ;�.';�;.,;:,
<br /> °i•'� Instrument but dces not execute the Note: (a)is co-sigeeaog this Securiry Instrumem��nly to mortgage,grant and convey that `�'� ` �
<br /> �::;;:�:::;,, ,.•.:�. ..-
<br /> • c;j,.:.,,� " Borrower's interest in the Prnperty undcr the terms of this Security Instrument: (b)is not personally obligated to gr;�y the sums "�c�'�.��:
<br /> ' secured by thn�Security Insuvment;and(c)agrees that Lender and any other Borrower may agree to extend,madify.forbear �
<br /> �.. . .. . ;
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<br /> -- ^t s�ake a�,� :x.°�mm�latiom With reg:tr�i to thP tertnc of this Secnerity Instrument or the Note withoat that Borrower's ��•
<br /> ._:- - ... ._.._ —_ . .._. � .1-__
<br /> , :,'•:: cQnsent.
<br /> (.; 13. Loaru Char�es. lf the loan secured by this Security Instavment is subject to a luw which sets manimum loan _
<br /> ;,;��,;.;;; tAarges,and that Iaw is finally interpreted so that the interest or other loan charge.e��tected or to be rnllected in connecdon ' 'l�,:• .
<br /> '>>:;;�,;, � ,, ,;' with the loan exceed the permitted limit�,tfien: (a)any such los�n chasge shall be reda�ced by the amount necessary to reduce r1° b
<br /> r'' ' � the charge tc•¢he permitted limit;and(MD nr:}•sums ulready collected+f�rnz�Borrower which exceeal,�d permitted limits will be
<br /> ,.., �..,���f���` ,
<br /> �r`�c"'��} refunded to Borrower. Lender may cha�s:*.o mplce this mfund by red�u4 e:eg[he principul owed uru��er c1►e Note or by making a �
<br /> .. o�,
<br /> .. ,.�.:;.
<br /> direct payment to Borrower. �f a refusd re�uces principal,the reductiort will be treated as a par�ua[prepayment without any
<br /> ':;,�,;' p�epayment charge under thz ti4.te.
<br /> 14. Notices. Any notice to Bomower provided for in this Security Instrument �haU be given by delivering it or by
<br /> muiling it by first clasc mait unless applicable law requires use of another method.The notice shall be directed to Yhe Property ,
<br /> Address or any other address Borrower designares by notice to Lendec Any notice to Lender shnl!be given by first class , +��;�,
<br /> mail to Lender�addre�s stated herein or any other uddress Lender de,agnaze�by notice to Borrower. Any notice provided for �'
<br /> in this Securiry Instrument shuli be deemed to have been given ta* C3nnowcr or Lender when given as provided in this • . " ., �
<br /> paragraph. '�'#,'•;•'' r,.�i!�`�° -
<br /> 15. Governing Lm�ti; �Severabiltty. This Securii� 9�nslrurnent shall be gr�.trned by federal law and the 9:aw of the •�:'�•�•;�'�• x��'�_—_
<br /> jurisdiction in which the l'ropeny ix located. In the evem�h,rt anv pr�vi,ion or cluu+r af this Security Instrument a�r zhe Note �'•c�'i.:;! ���,`"
<br /> ..S�^; conflicts wiefi�appticable I����,tuch conf3ict xhall not affect other prn�itiions of this Security Instrument or the Note which can .,.,Y=r.
<br /> • c:.,;f be tven effLrt without the ronf�ictin rrnision. To this end thr r���•isionti of this Securit Instrument stnd the Note are � '='
<br /> 8 � P F Y , �;%:,S?,,
<br /> declared to be sr�erable. � �' •
<br /> 16. Borrower's Co�ti. $orrowrr�haU br given one conforn�ed copy of the N.�tc and of this Sewrity lnxtrumrnt. �t;:;.��. �'�''�' '
<br /> 1?. Trar+sfer of the Po�+�perty or a Beneficial Interest in Borrower. If all c�r.iny part of the Property or an��intarcst in +l'Sy;;'';;; ` : . �=
<br /> it is sold or transferred(or if u beneticiul intere,t in B��rrrnver i,+old or tramferrcd and Borrowcr is not a natural perxon) � . . . ..
<br /> ���ithont Lencler's prior�vritten consent,Lcnder may,at it��ption.rre�uire immediatr payment in full of all tiums securecl h?.� � ;,.:�1.�,,,;:. .
<br /> 7his�ecunn ]nstrument. However,this option shall not 1x exrrci+re! hy�Lender if rxerri.e i+pn>hihited by federal law as of �;�f,��,,, ,:
<br /> the dute of this Securiry Inztrument. ':'r,>,y
<br /> '� If Lendcr exerciseti thic option,Lendrr shall gi�: Bom�wer notire of acceleratiun. The notice.hall pmvide a periai of �??'�••.�� � ' '
<br /> not le�s than 30 da �from the date the notire i�deli��red or mailed within a•hirh��,�rrowrr mu+t a all�ums,ecured b this � ti' -�
<br /> Y �'�y� y ��i,..�� �
<br /> Security instrument. If Borrower failti tn pay thcx �um, priur to tlx e�pirai�.�r. of thiti �xrioci, Lender may invokc any '.•,�� � ' '`.�1�,4,,;,,� ,
<br /> remedies pemtitted by thi�Security In�;ru-rent withuut further notic�nr d�man�im Borroaec : ,�
<br /> IS. Borrower's Ri,!tt b Re3tosVAte. 1) Born�wer mrrt�rcn:�in rondi;inn.. Borrc�wcr .hall have thc right to have � !� �J''� ,
<br /> enforcement of this Secun:L l:^>arurnent Ji,:a�ntinurd at any time priur tu thr�.�:J�:r nf: 1a�S day,�or wch other pericxi a� �,. ,.
<br /> �:' ����;;:Fam�l�••F'nnnie�1sehFraQii:c�9:k I'\IH1K�11\STRC�7J�:\'p' I mt�mn e���rnant. y/70 ze 3,.r n pu�rv ,
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