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<br /> �'��'�'�;� condemnatton or oiher taking of uny purt of the Propeaty.or for canv�ynrtrx in lieu af condemnation.are hereby assigned and -
<br /> =-,-°����.; .:,, 6hctll be paid to Lender.
<br /> ''='<'��" In the event o1 a totnl tuktng of the Property, the proceeds shall 69 applied to the suma secured by this Sec�uiry -- _�---- --�- -- -
<br /> . � ,sil;.u
<br /> `'"-���- Inswment,whether or not then due.with any excess puid ta Horrower. In the event of a partiul taking of ehe Prapeety Ir� �_ �
<br /> �_ a'y.•�f`�� whtch the fair mnrket voluo af the Propert�r imm�diately before the tuking is equal to or greater than the antount o€Ihe sums
<br /> -_�,•�:�.�� secured by this Secudty Instcum�nt immediately before the takIng.unless Borrower und Lender otherwisa agree in wdting. - -
<br /> _.. •... . .� the sums secured by this Secudty Instniment shull be reduced by the amount of the proc�eds mvidPlied by the followin�
<br /> •.;�::,;^.:-;�r.:;��" fractiun: (u)tI►e tatal timaunt of the sums secured immediately t�efore the taking,divide.�i by(b)the fair mar4cet vinlue af the ���.`:-_ _.�__ _- --
<br /> �� "'� ' ���'�'''s°� Property immediately before the taktng. My balnnce shall be paid to Borrower. In the event of a partia! taking of tite �,.;-=-`--
<br /> " '�` .� Prope�ty in which the fait market vulue of the Property immediutely befor�the wkin�is Iess than the nmount of the sums E:+��x�--�-
<br /> � � � isecured immediately befotia the wkin�,unless Barrower artd Lender otherwise ugee in writing or unless upplecable lsw ���T'- -
<br /> '---- —i otherwise prnvides.the pmceeds shall be npplied ta the sums secured 6y this S�:urity Gupunlent whether or not the sums are ,,.,Y;-_�__-______- -
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<br /> • If the Property is abandoned by Bocrower,or i[.after nottce by Lender ta aorrower that the condemnor offers to make �, ,,,;c,�� _
<br /> an awnnd or seule a claim for damnges,Botrower fails to respond to l..ender wIdiin 30 days atter the dnte the natic�is siven. _r,`,,,,,...`_,r -
<br /> � ". I.ender is Authorized to collect and apply the proceeds,at its optian, either to restoration or repair of the Property or to the �r.-�_=-°--_
<br /> a" sums secured by thie Security Insuument,whether or nat then due. y ��
<br /> Unless Lender and Borrower othenvise agr.ee in writing,any application of�rocee.dfs to t,m►ncil�T sLtall not extend or ��__,�
<br /> --� ;, „ __,._
<br /> � postpone the due date o�€the mvnthly payments refer.sed to in paragrnphs t arcd 2 oF cha�ge t�te ainount of suclk payments. �;"�""� _
<br /> �•. �.:_.
<br /> ' �Il. ffic�a�c�er¢P 1oI�II DP¢�¢�nD; l�rlhra�am� �y Lender Not a Wanoree Eatension of tRe ¢ime for payment or '`;.�� .
<br /> modi�CCation of amort�zaeivm of che sums secured by this Security Instrument granaed by H.ertder to any suceessor in interest , �, ��;r_:
<br /> - of Borrowez s[�ai➢ rtot cr�erate to mtease the lia(biliry of the original Borrower or Bomowet§successors n�interest Lender �.=r��.;"�_
<br /> ' f shall aot be requiaed co commence proceedings a�ainst any successor in interest or riefuse to extertd¢imee far payment ar � �_�-:�'
<br /> otherwise�nodify amortization of the sums secured by this Security Insuument by reason of any demare�miacile�y the original •:+_�a>
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<br /> Bomower or Borrower's successors in interest. Any forbearaRCe by L.ender in exercising any ri�ht or aemiedy shall not be II ,-r,�a,,�,,,___
<br /> waiver o4'or preclude the exercise of any right or remedy. '-�`�"�'``_-
<br /> AZ. Suceessars at�d Assigt�s Bound;J�iati a�ecE Several Q.iability;Casigners. The covenants aad agreemena a�f this ``'i..,°
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<br /> Security Instrument shap bind and benefit the sa�ccessors and assigns of Lender and Borrower,subject tv the provisions of ,,Si��-
<br /> paragraph 17. Borrower�covenancs and agmeemse��•shall be joint and several. Any Borrower who c�sis�ms ihis Security ;
<br /> Instrument but does not execute the Note: (aD is �4�-signing this Security Instrument only ta mortgage,es�r.';and convey that ''���' '*a�'f�;
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<br /> Borrower's interest in the Property under the tem�s of this Security Insuument; (b)is not personally obliga�ed to pay the sums f����•-
<br /> secured by this Security Instn►ment;aa�d(c)agrees that Lender and any other Borrower may aeree to exiend,modi fy,forbear • ,� ,�::: :i���s,'�;.�'"- ,
<br /> or make any accommodations with regard to the terms of this Security [nswment or t�� tiate without that Bomower's �'•=xs��:�L�h:�'� •� :�'�=�M
<br /> consent. , + � �`�
<br /> _-__- i�. I.�aa Char�:;. if the loan secured by this Sec!�riry inctrument ns suhriect to a law which sets maximum loan
<br /> "�+, charges,and that law�is tinatly interpreted so that the interest or other loan charges coilected or to be collected in cannection �;•, ' ` �","
<br /> with the loan exceed the permieted limits,then: (a)any such lonn charge shali be reduced�}•ihe amounc necessuy to reduce �'
<br /> �: ,. the charge to the permitted limit;and(b)any sums already copected from Borrower whicte exceeded permitted lirr�its will be •• �'���Vu
<br /> refunded to Borrower. Lender mup choose to m:ilce this refund by reducing the principal ow ed under the Note or by making a ,��
<br /> direct payment to Borrower. If a c+efund reduces principal,the reduction will be treated us a panial prepayment without any �' ��•���.� '�'
<br /> -. . "" � prepayment charge under the Note. �'��t� .���`
<br /> ' ' 14. Notices. Any notice to Borrower prr�vi:le.i for in this Sewrity Ire:�trument shall be given by delivering it or by , � '��:�;.•;..+�`�
<br /> �� , mailing it by first clnss mail unless applicable law reyuircc use oi another method.'Che notice tihnll be direct�d to the Property . • .- . �"�•� �"'�'
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<br /> ' Address or any other address Borrawer designutes by noticr In�Lender. Any notice to Lender shall be�i�en by first class .r,: ,-.,:.
<br /> ,�f;:�,•.,.
<br /> mail to Lender's address stated herein or any other address Lender dezignates by notice to Borrower. Any notice pmvided for • .��" ,�i_...;';,,
<br /> in this Security instrument shull be deemed to have been given to Borrower or Lender when given as provided in this ,�.;,;;`,r:::.:£:
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<br /> - 15. Governing La�v; Severability. This Security Instrument shall be govemed by fedcral law und the law of the �,. yy-
<br /> _ jurisdiction in wnich the Property i+located. !n the event that any pravisioo or clauxe of tNis Security Inurument or the Note �,.'i y���
<br /> � conflicts with applicable 14w,such contlict xhal! not affect other pnivisions of this Security In�trument orthe Nde which cun ,'.'.'1�: �
<br /> be given effect without the conflicting prnvision. To thi� end the pmvi+ions of thi, Securiry Instrument and the Note are p;=
<br /> declared tu be severable. ,.'�,�"' �;,''^�-
<br /> 16. Borrower's Copy. Borrower xh•rll be�•iven one conformed copy of the Nute rnd of thiti Se�uri�y tnstrument. � r,.,:);�^�=-
<br /> • 17. 7lransfer of the Property or a Bernctidial Interest in Rorrower. !f all or any part of thr Prop.rt��or any interest in , � � •.,,.:;^;.�H.�;
<br /> ��.:�':;��,•:, it is gold or transferred(or if u beneficial intcr�st in Burruw�er i��old or tran+ferrcd and B�>rrower i� nni a naiaral penon) � ;':: r'�.���
<br /> • ;,�; :..,:;,. wi t ho u t L e n d e r's p ri o r w r i t t e n coment,Lender ma y,at it�o ption,reyuirc immediate payment in full ofall surns secured by I ��J.'?.+,` -"°
<br /> ' ,•;.�!i:.`r'. ;� this Security Imtrument. However.thi.option shall not be exenised by Lender if excrci+e i.prohibitedby federal law ac of � '�•:;� , jy�
<br /> ��':!"<<:� rhr date of this Security Tntitrument. '�i'"� - ��
<br /> .. ��`.��<,,:.�'c If Lender exer.+.ex this option,Lender tihall give Borrowcr not ire of accelrrution. The notice�hall prov ide a period of s, .
<br /> ' �' "�''`� not less than 30 da��from the date the nntice i,delivereJ or mailed w�ithin whirh Bc��ro�vrr mu+t pny all+ums xe:urcd by this � }��"s.
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<br /> � �,;,�,;;� Security Instrument. If Born�wer Eiils to pay thece tiums prior tu thc expi�ation uf thi� pericxi, Lender may invoke any , ''� �'
<br /> � remedies permitted hy this Securiry Instrumrnt without further no�ke or demand on Borrracr. `�j `.Y,.
<br /> U4f. Borrower's Right to Reinstate. ]f Ruttuwer mcri� Eertain condition�. Bocro���rr .hall have the ri�h�to ha�c , �; �.
<br /> enforcement of tfiis Security Inxtrumrnt di�ron:inaied at an}•time prior to tha�arlier c�f': la��day�lur�uch othc:r pericxt :+. j,r
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