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<br /> .�;..�%:�•:s�� condemnatioa or ather taking of any part of the Property,or for conveyance in lieu of condemno�fan.nre hereby assigned und „�x���N'�-�
<br /> "� ._ ,
<br /> — _ —� shall�paid to l.ender.
<br /> ` In the event of a total teking of the Property. the proceed.g shnll be applled to the sumg �ecumd by this Secur[1y � '`"'T`-�-
<br /> `.,:.�ta � „ s.'
<br /> ' � :`:� Inshument,whether or not theu due.wlth nny cxcess puid to Bprruwer. In the event of o purtiol taking of the Property ln .
<br /> . which the fair market value of the Property immediately befot+e the taking i�equul to or grcuter than the nmount of the sums � • � • .
<br /> secumxi by this Securlty Insnument immediataly before the taking.unless Borrower artd Lender othcrwlsc agrer:in wdtin�. ;,�'•�: �, � �' -
<br /> '�� �'•�' the sums secus�by thls Security Instrument shall be reduced by th6 amoant of the praeed�multiplicd by the follawing , ��-••`.=�; �=;'
<br /> - ' fraction: (a)the total amount of the sums recured immediately befoce the taktng,dtvided by(b)the fAir murket value of thQ � ,..
<br /> � Property immediately beFore the wking. Any balnnce shall be p�id to Bomower. In the event of a partja�taking of the ,.
<br /> � Property irt which the fair market vulue of the Property immediateiy before the takin� Is less thc+n the amount of the sums •• __ _ _
<br /> secured immediately before the takIng, unless Bomower and l.ender atherwisc a�ree in writing or untess applicuble iaw -.� � `.
<br /> otherwise pmvides,the proceed�shaQ be applied to the sums secuc+ed by this Secudty Instrument whether or not the sums are ° `
<br /> then dae. .
<br /> If the Property is abandoned by Borrower,or if,after notice my Lertder to Borr�wer thnt the condemnor offers ta make `
<br /> un award or settle a claim for dacr►ages,Borrower fnils to¢espand ao I.�nder witjw�30 days after the date the notice is siven.
<br /> a I.ender is authorized to oolRect a�nd apply the proceeds,as its a�pti�n,eniher to rrestoration or nepuir of the Property or to the
<br /> sums secured by this SecueiHy Lastrument.whether or rtot chen�ae. " _
<br /> Unless Leaeder amd 1Borrower otteenvis�agc�ee in waiting,are�r aRg�lication of proceeds to principal shall not extend or �
<br /> - pastpa�ee t➢ee due date mf tQee moanlhly payrreents refemed to in paragrtxphs 1 and 2 or change the amount of such payments. r '• ��
<br /> IlIl. 13i�r�ove� No! I2�teased; Fbr�rae�►moe �y Q.en�er Not �, Waiver. Extension uf the time for payment op , .
<br /> madification of amort6zatiQn of the sums secured by this Securiry Insdument granted by Lender to any successor in i�terest "���
<br /> . o1F Borrower shalf not opeerate to release the liability of the original Borrawer or Bomower�s successars in interest. Q.endeP ,
<br /> ;'.,;,,, sha(t not be required zo coznmence proceedings against any successor in interest or refuse to extend time for �ayrment or , . '°. •'• ' _
<br /> � �• � othenvise modify amortizarion of the sums secured by this Security Instrument by reason of any demand made by the oregina! .. , �.'�''. ,.
<br /> �,;r'�.` ' Bomower or Borrower�successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a
<br /> � , waiver of or preclade s�e exercise of any rcght or nemedy. "
<br /> <':�,+ 1L Successors�d EAs.vigeu Boteo�a�;Joint and Several Liability;Co-signers. Tf�e covenants and agreements of this
<br /> t'�'! '� Security Insuument s?nall�ec:3 and benefit the successors and assigns of Lender aeea lBtiorrower,subject to the prc�visions�ff
<br /> � �� paragraph 17. Borrower's co.Le�ants and ag�ements shaU be joint and several.�►n}• Sornower who easigns thiti Secutit� •
<br /> „ � Inshument but does not execuu the Note: Qa)is co-signiang this Security instrument only to mortgage,grant and convey tfiav '�;4L
<br /> ;;,� Borrower's interest in the Property under c&�e terms of thic Securiry Insceaaenent; (b)is not personaUy obligated to pay ihe suens , 1,�?Y�``�i-
<br /> r.r;5�. secured by this Sec�uity Inswment;aad Qc�agrees that Lender and an. a*iher Borrower may a�ree to extend,modify,forbear ��-�;r•;;��
<br /> ;_.�+, a .
<br /> • , or make any accommodations with t+egard to the term. uf this Secwmia} lnstrument or the Note without that Borrower's �, �
<br /> :� consent. �,.�.• �
<br /> 13. I.oan CFearges. If the loan secured by this Securiry Instnunent is su�jer� ro a law which sets maximum loan ;'',� ' �� ", ,
<br /> � ° eharges,ared ti�at iaw es hnaliy interpreted so that the interes[or oehe�ia�;m charges coiircieei ur tu be cuiic�:trat in cvi�iic�:i+wi "':`�;�:' --"�;,��., ;
<br /> with the loan ex�eed the peRnitted limits,then: (a)any such loan charg�shall be reduced by the amount necessary to reduce � , „ • ;,�r.(,�;tg '
<br /> /'' the charge eo che pe.mnitted limit;and(b)any sums already collected feorn Borrower which exceeded permitted limits will be ,�. � �,����`y�•;,
<br /> refunded to Bo-rawer. Lendermay choose to make this refund by:�educing the principa3 owed under the Note or by making a ��•.:�` •':<<`tj�'!�'�i�;
<br /> ''u`s;;- direct pay�rnenc¢o Borrower. If a refund reduces principal,the reduction will be tre�teaP ae a partial prepaymenQ Kithout any ;;1'j'��<<'r' ,. �'�'°r��' `
<br /> •.�•:..,,i �.;>.� ..,„ . :�r, t
<br /> prepayment chaage under the Note. ��rt,,:;?. :n,�
<br /> ��"f' 14. Notiea.s. Any notice to Borrower provided for in this Secu4ity Insuument shall be given by deli�ePing it or b}• '�:•'•��� .k��r�-r:
<br /> mailin it b first class mail unless n licable law m uires use of another method.The notice shall be directed to t�e Fro rty �"�""�
<br /> 'c;�. • � Y AP� 9 pe . ����.
<br /> . > .""-,r.; Addness or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by tirst class ;,-
<br /> mai!to Lender's address stated herein or any other address Lender desi��iates by notice to Borrower. Any notice provided for
<br /> in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this n , _ .
<br /> ara h , t'�
<br /> P IS Governing Law; SeverabilitS: This Security lnstrument shall be govemed by federal law :utd the law of the � �',.��
<br /> jwisdiction in which the Property is lacated. In the event that any pro�•6,ion or clause of this Security Instrument or the Note y�
<br /> . `s�r'`
<br /> conflicts with applicable law,such conflict shap not affect other provi,ia►n�of this Securiry Instrument or the Note which can . .��,,..
<br /> ";�;4.1 � be given effect widtout the roniliciing provision. To this end the pro��isions of this Security Instrument and the Note are � , ':" .
<br /> , �;....� declared to be severable. - , ,
<br /> �:�'`�:� � 16. Borrower's Copy. Bomower shall be given one confortned copy of the Note xnd of this Security Instrument.
<br /> `���f�' 17. 'Ilransfer of the Propertv or a Beneficial Interest in Bor�ower. If a!1 or nny purt of the Property or any interest in ( ,.,titt��•
<br /> �•�t;; it is sold or transferred lor if a beneficial interest in Borroaer i. ,oi:] or tnu►tiferred and Borrowcr is not�natural penon) � �;�.t;.'.;j:;'.
<br /> �:,'• without Lender's nor written consent.Lender ma at its o tian, re a�re immediate a ment in fult of all sums secured b � t^':-`":;�
<br /> . y p� Y• ' P d' P Y Y ..,. ..
<br /> tlhes Security lnstrument. However,thi�option�hall not tx exercised h� Lender if exercise is prohibited by federal law as of •
<br /> rhe date of this Security Instrument. � ,
<br /> If Lender exereises this option.Lender shall give Borrow�er rnotice of acceleration_ The notice shall provide a period of : ,
<br /> • rtot less lhan 3Q days from the date the notire i�delivered or mailec��u_`in which Borcow•er mu+t pay all xums secured by this i �,.,
<br /> Security lre.tru:z:ent. If Borrower fails to pay thexe sums prior an�ca� rxpiration of thiti penuti, Lrnder may invoke ana �';;;
<br /> remed'aes permitezd by this Security Instrument without further noci�e or:lemand on Borrow•er. , •
<br /> . 18. IDtare�wer's Ri�GE�410 Reinstate. If Borrower me�t>crrtae� runditiom. B��rrowee:ha[I huve the right to hace
<br /> enforcement of this S�cuP�ce. lnstrument discontinued at:mi c2Qnr �,nor to the earli�r oti: 1a�5 days Ior such other period a,
<br /> Sro�F:Fam�h•-Fannie�lae/F'redd2e 11ac�\IPoDR�3 E\tiTR['�1F.�T--t'mGmn C.•.arann 9R0 �pucr 1.jd�u¢r.. �
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