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<br /> , �: condemnation or other talcing of uny puR of the Prape�4y,or for conveyance in llcu of condemnution,ure hereby assigned and �;��A.�.�___
<br /> -—--- -- - shnll be piiid ta I.ender. �°°-s'�°` =__- -
<br /> In the event of a totnl taking of the Yropeny. the pnxee�ls e,t►ali be npplied ta the sums secured by this Secuflty ,;,>��.,,;�,>;t-,�r__
<br /> ` " Instcument.whether or not then due,with an cxccss aid to Donower. In the event af a partiul tuking of the Propany in ?. �45�6���'
<br /> Y P �;�r.��:�:-;;-=-:°-
<br /> , •� -• which the fair market value of the Pcoperty imm ediately 6efore the tnking is equat to or greatcr than the amount of the sums ,u-�-�;s;,��_;;,;--, _
<br /> ,�ecured by thls Sccu�ity Instcument immediately 6efom the tnkin�,uniess Borrower and I.ender otherwise n�ree in writing. - - ._
<br /> the sums secured by this Secudty Instrument shall be mduced by the amaunt of the pmceeds multiplied by the followin� `„V,;:�:'
<br /> frsction: (a)tl�e total nmount of the sums secured immediately befam the tuking,'divided by(b)the fuit market value of the
<br /> � Property immediately before the tnking. Any balance shall be pnid to Borrower. In the ovent of a partial tnking oF the ��� °
<br /> - - - Property in which the inir macket value of tlte Property immedtately hefnre the taking is less then the amount of the s��mc _
<br /> secured immedintely before the tAlcing, unless Banower and l.ender otherwise agree in writing or unless appltcable law „ -
<br /> otherwise pmvides,the proceeds shall be applied to the sums secured by this Securiry]nstrument whether or not the sums nre
<br /> rhen due. ;� •
<br /> ' If the Propeny is abandaned by Borrower,ar if,after notice by Lender to Borrower that the condemnor offer�to make ,
<br /> , atx award or settle a claim for damages,Borrower fails ta nespond to Lender within 30 days ufter the dnte the aotice is given, ••�'�"
<br /> - � LeeTder is authorized to collvct and upply the proceeds,at its aption,either ta restoraei.aa or repair of the Pmpeety or to the �:.`r•
<br /> su�s securec!by this Secvrity Dnstrument,whether or not then due. . '
<br /> Unless fl.ereder and 6orrower otherwise agree in writing,any application v�pmcced!s to�princigal shatE noe extend or , ,
<br /> postpone the due date of the monthly payments referred to in paragrnphs 1 and 2 0�chavege¢Qee arn�ount of such payments. • .
<br /> 11. Borrower Not Released; Forbearance By I.ender Not a WaEver. lEx4ension a+f the time for payment or . ;
<br /> modification of amortization of the sums secured by this Secur'sty inswment granted by Lendcr to any successos ice interest • • -.. - a
<br /> �,,• of Borrower shall not operate to release the liability of¢@re ori�inal Borrower or Borrower's successor3 in interest,Lender y��
<br /> +y.-:_
<br /> shall not be required to commence proceedlings against any successor in interest or refuse to extemd Eime for payment or �,-
<br /> otherwise rtodify amortizat+on of the su�s secured by this Security Instrument by reason of Any demac�3�+ade Tnt•ihr original ,
<br /> " Borrower or Borrowerk successors in interest. Any fortrearance by Lender in exercising any nght oc r�a�ed}•s�,a�1 not be a �, , _
<br /> «aiver of or preclude the exercise of any right or remedy. �;, �
<br /> � ` i 12. Successors ana�Assigns Bound;Joint and Sev¢waG Liability:Casigners. The covenants and a�reemen�s of this l; �, .
<br /> ',';r.,:'� ' .,,�
<br /> ;,5,;,.,,. . Serurity Instrument shall bind and benefit the successon and assigns of l.ender and Borrower, subject to the�r.��isions of . � ��ti
<br /> :��. �,��;, paragraph 17. Horrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security °'�:%:��'.
<br /> :�:,,� Instrument but dces not execute the Note: (a)is casigning this Security Instrument only to mortgage,grant and convey that ��.�_
<br /> � Borrower§interest in the Property under the terms of this Security Instrument; (b)is not personally o�ligated to pay the sums .,� ' _ ?_R.
<br /> �-
<br /> secured by this Security lntitra�enent;and(c)agrees that Lender and:uiy other Borrower may agree to extend,modify,forbear ; �; '.r' - �
<br /> � ��r make anv accommalaniar�;with reQard to the tenns of this Security Instrument or the P(ote without that Borrower's ';. .•_•� .
<br /> :__ . _.-_.•,. cansent. � � - -., -- � fi..
<br /> ._.. .
<br /> 1,�•"' 13. ��,� zaa�e�. If the loun secured by this Security Instrument is subject to a law which sets ma�imum loan ' . ,��.��
<br /> `� ���� charges,and that law is finnlly interpreted so thut the interest or other lo�n charges callected or to be rollected in connection • � �'��'�f:'�'
<br /> ,�.f �-,+::
<br /> tj�.,., with the loan axceed the pe►mitred limi�s,then: (a)any such loan charge shall 6e reduced by the umount necevtary to reduce . ',r'r4�
<br /> ,1,:,�,. �.: the charge to the permitted limit;and(b)any sums almady collected from Borrower w•Lhich ezceeded permittecE limits will be . f
<br /> ;.''14,•; �' refuaded to Bottower. I.encler may choose to make this refund by reducing the prinripbl owed under the Note or t�y making a , ,; i
<br /> . direct payment to Borrower. If u refund reduce+principni,the reduction will he tmatrJ a�a pa�tial prepayment K�ithout any , � �'.�
<br /> prepayment chnrge under the Note. • ' -�6i� �i
<br /> 14. Notices. Any natice to Borrower provided fnr in this Security Instrument shull be giecn h}� d�iivering it or by I f�.
<br /> mailing it by first class mail unless applicable law rcyuires use of another method.The notice shu11 be�incted to the Properey t
<br /> Address or any other address Borrower detiignates hy notice to Lender. Any notice to Lender shs�11 t� given by fint class ;
<br /> mnil to I.ender's addresx stated herein or any other addrrs+L,ender detiignate�by notice to Borrower. Any notice provided far , �
<br /> • in this Security Instrument shall bc dcemed tn have becn given ta Borrower or 1_ender when given as provided in thi� ' - '� `�
<br /> 1' ;:
<br /> paragraph. �..,.,, :� .� .:;J�'
<br /> `?;t 1S. Governing Law; Severability. 'Thi, Security Instrument �hall bc govemeJ by fe�era� la�� und the law of the i r�""J �"��
<br /> y,-;,,,,,iR;
<br /> (� jurisdiction in which the Property is located. In the evem that any provisinn or clause of this Securi�y in.trument or the Note � �
<br /> ' cunflicts with applicable law,such conflict shall not affert othrr provision,of thi�Seci�rit��Instrument or the Note which can � �',�`���°`'� �
<br /> � ,,y.r,.
<br /> ,� • � � Q�c• given effect without the cor.flicting provi+ion. Ti�this end the prn.•i.iom of thi� Serurit} (n+trumem and the Note an ,
<br /> ;�� ";� • d:rlared to be severahle. � �
<br /> ��';���' • lb. Borrower's Cop�. Borcower shall be given one r�mfom��d r��p�•��t'thc Nocr and of thi.Securih•Imtrument. ; '
<br /> ' � 1'7. 71�ansfer of the Pr.�perII}•or:e Rma�eficial Intrrest in Borruwe� ]f all or any part uf the�'roperty��r any interest in ; , •
<br /> ':(� '.`• it is sold or tru►xferred(or if a henetiraal iatrrest in 8orruwer i,,old ur tran�fcrrcd und Borrenvar i.not a nsturrl penon) i •
<br /> ,,;,,t,•
<br /> ;,+.�., . u�ilhout Lender�prior a•rittcn consent. Lcnder may,at n�option,reyuire immediate payment in full of all xum�secured by
<br /> . ����` �� u�is Security Instrumen:. o-l�wrver,thi.opiion+hall not h exenised b��Lendcr if rxerci,c iti prohihited by federal law as of ,
<br /> ����. .� �
<br /> .�;��ti che date of this Se�urity lnarument. ;
<br /> , lf Lertder exercises thi�option,Lcnder+hall givr Be�rmw•cr notirr��t'arc�lrratiun. Thr notire�hall pmvide a period nf
<br /> �"},. not less thart?�� :luys from the date che notire i.drliccred ur muilyd«iYhin which B��ROwer mu.t pa� all+um.securcd by thi. •
<br /> .'i� • Security lnstrument. If Bormw•er failti to pay the�e sum.privr to thr rxpiration uf thi� Exriod. icnder may invoke any
<br /> remedies pertnitted by this Security ln.trument w ithi�ut fu:nher notice or drmand e�n H��-rmvrr. ��
<br /> , . IS. Borrow•er's Right to Reinstate. If Borro�.cr mret. rertain condilion.. �}3utro�eer SII:III }18\'t the right to have
<br /> : ' �nCOnement of this Sccuriry In+trumrnt di�runlinu�d ac;m� time priur tu the rariier�•1: (a1 S daw tor,uch other p�:ri�x!as . �
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