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<br /> �• ••• • �� � tondemnation ot othet taking of any part of the Property,or for conveyance!n lieu of condemnaticn,ara hereby aq�iaoed nnd • -; ---
<br /> _ shall be paid to Lender. ., . . . -
<br /> �°., : In the event af a totat tak(ng of the Property, the proceeds shall be applied ro the sums secured by this Security ^ ..
<br /> �� Insuument,whether or not then due,with any excess patd ta Borro�ver. In the event of a partial takin�of the Praperty in � : ;,,,,, -
<br /> �• •� � • � whtch the fair market value of the Property immediately before the taking is equal to or greater than the amount of the sums �' °' � •
<br /> �_;:,.,,.,.'� r.ecured by tPds Securiry Insuument immediately before the taking.unless Borrower and Lende�atherwise agree in writing, �"U;.�
<br /> �°'" ' ".'` the su►ns secured by this Security Instrument shull be reduced by the amaunt of the proceeds multiplted by the followin� , _
<br /> fraction: (a)the tota�amount of the sums secured immediately befon the taking,divided by(b)the fair mnrket value of the � . p�
<br /> Ptoperty immediately before the taking. My balance shall be pald to Bonower. In the event of a partial taking of the
<br /> " --- Property in wbich the fair market value of the Property immediatety befote the taking is less than the amount of the sums
<br /> „ secured lmmediately befo� the teking. unless Borrower and Lender otherwise agree in writing ar unless applicable law
<br /> otherwise pmvides.the proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are , �
<br /> , '� • then due.
<br /> � ° If the Property is abandoned by Bomower,or if,after notice by Lender to Borrower that the condemnor affers to make '_
<br /> . ' an ewat+d or settle a claim for damages,Borrower fails ta resgond Qo l.ender within 30 clays aRer the dete the notice is given,
<br /> � � -' I.ender ls author�zed to collect and apply the proceeds,at iGs apti�rn,eicCzer to restoraccon or repair of the Property or to the
<br /> � sums seciu+ed b�r ct�is Security Instrument,whether or noi then due.
<br /> Untess Lender aad�orrower othenvise agree ia writing,any app�icatiot�of proceeds to priaci.pai shatt not extend or
<br /> RnsctBorte ahe due date of.he�nonthly payments refetred to in paragraphs l and 2 or change the amount of suc.�pay�:�ents.
<br /> IlIl. l��a�m�v+ea Kv�4 �mleased; Forbearance �y �.ender Not a Waiver. Extension of the time for �rayment or
<br /> e�eodi€ication v�acctortizaciom of the sums secured by this Security Inurument granted by Lertder to any successor in interest , �.;,..:. , ,
<br /> of Borrowee s'�.i°a not operate to release the liabiliry of the original Borrower or Borrower's sucrecsors in interest.Lender `� •
<br /> '��'� shali not be re uirecI w commence race�din s a aiust an succcssor in intemst or refnse to extend time for puyment e�r `,,1I.��,-������_.. ;,�:t:�;,s'�:•
<br /> r�``'%�`��° �'+¢Vicerwise mod�fy amortization of the sums secured by this S�urity Instrument by reason of any demand made by the origina! !' �c,'.>t_;"`''' '
<br /> �?'�'�� " ° Borrower or Borrower:s succassors in interest. An forbearance b i.ender in exercisin an ri ht or remed �hall not be a "�''' ,
<br /> ., Y Y S Y R Y� �,���s-r
<br /> ;r;�.' .. waiver of or preclude the exercise of any right or remedy. }�.i+�`• " •
<br /> 12. Suceessors and Assigns Bound;Joint and Several Lia6ility;Casigners. The cavenants and agmements of this �'t���,F'�'
<br /> • Security Insttument shall bind and benefit the successors and assignc of Lender and$orrowar, subject to the provisions of : �� „ ;
<br /> paragraph 17. Bonowers covenants and ugreemenu shall be joint and several. Any Borrower who co-signs this Security ; �,:�'
<br /> '`" Insuument but dces not eaecute ihe Note: (a)is co-signing this Security instrument only to mortgage,grant and convey that '���; .
<br /> �i. '}s%::': . ' ���.
<br /> ;i; Bomower's interest in the Property under the terms of this Security Inshument; (b)is not personally obligated to pay the sums .
<br /> {u.:';.; , . -°
<br /> ` secured by this Securiry Inxtrument;and(c)agrees that i.ender and any other Borrower may agree to extend,modify,forbear `�j�,fa �:.;.
<br /> ° or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrowert �
<br /> .� consent. ;�.��
<br /> 13. Loan Charges. If the loan secured by this Security Inswment is subject to a law which sets maximum loan ,;j,;;, �
<br /> �:� eharges,and that law ts finally intecpreted so that the interest or ott�er loan ci►azges co3iected or co be coilecced in connection i��:`;;:;__'--•--� �
<br /> �:;1•- ', with the l�an exceed ihe permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce �;`i,i;:.:' �
<br /> the charge to the permitted 16mit;and(b)any sums ulready collected from Borrower which exceeded permitted limits wiU be �����-'•' '' �
<br /> ;;,� ,,�-.;,,: � 'I : :
<br /> . .• nefunded to Borrower. Lender mny choose to make this refund by reducing the principal owed under the Note or by making a y,
<br /> , • direct payment to Borrower. If a refund reduces principal,the rrductian wili be treated as a purtial prepayment without any � 3
<br /> " , � prepayment charge under the Note. �U'C� „l
<br /> 14. Nottees. Any notice to Barrower provided for in this Security Instrument shafl be given by delivering it or by F,.:���
<br /> �� . mailing it by first class mail unle�s upplicable law reyuires use of unother method.'Q'he notice shall be directed to the Property ��-1
<br /> , Address or any other address Bortower designates by notice to Lender. Any notice to Lender shall be given by ftrst class • ,
<br /> ' mail to Lender's address stated herein or any other addrcss Lender desiga�ates by notice to Borrower. Any notice provided for
<br /> in this Security Instrument shall be deem�d to have been given u�f�.�rrower or Lender when =iven as provided in this .:r
<br /> � paragraph. �' ", .�6
<br /> :�;; '• 15. Governing Law�; SeverabiliQy. This Security Instniment shull be govemed by federal law and the law of the . "�
<br /> '`"''��`�?'; jurisdiction in which the Property is located. In the event that any provision or clau�e af this Sewrity Instrument ar the Note :���.� � ,�,,�j�
<br /> ,:���:� � ��: �f:� eonflicts with spplicable law,such contlict.hall not affect other pra�Li.ion,of this Security Instrument or the Note«�hich can �.f,`..;7'
<br /> ' '`•`��? be iven effect without the wnflictin rovision. To this end th� rovisions of this Securit Instrument and the Note are , '
<br /> • . � •,ti, . g' g F P Y ;4::.;.� ;
<br /> declare�to be severuble. • .,,��;���,,�:, •�
<br /> .'., � 16. Borrower's Copy. Borrower shaU be gi��en one conformzd copy of the?`ote and of this Security Instrument. .',1,�
<br /> I7. 'I}�ansPer of the Property or a Beneficial Interest in Borrow�er. If all or,iny part of thc Property or an}�intrrest in : . •�' • ,
<br /> `�� it is sold or transferred (or if a beneficial interest in Aorrower is tiold or transfer:ed and Borrower is not a namra{persanl ' • --
<br /> without Lender's prior written consent. Lender may,at its option, mquire immediatt payment in full of all sum.�ecured b� ,t•.•-.;:'� . •
<br /> �• this Security Instrument. However,this aption�hall not be exerciscd by Lender if exercise ix prmhihitrd by federal law as of �'���
<br /> � .
<br /> " �:;�k,. the date of this Security Instrument. :
<br /> 't�``'� If Lender exercises this option,l.ender shall give Borrower notice of sccelera:iun. The notice shall provide a periocf of ,�`.:;
<br /> � not less than 30 days from the date the notice i�deliccred or maited within which Sa�rraWer must pay all sums secured by this ��•
<br /> ;;• Security Instniment. If Borrower fails to pay these :ams prior to ihe expiratic�n nf this period. Lender may invoke :uiy : �i;�
<br /> _, remedies permitted by this Security Instrument without!'urther notice or demand on dorrower. '`� `,."'•,••
<br /> ' 18. Borrower's Right to ReinsII�te. If Bormwer meets cenain condition., Bixmaer shall have the ri�ht to have j '
<br /> - ee�forcement of this Securiry Instrumeree discontinucd at any time�rior to the e:�rlier uf: (u)5 days(or�uch other period a�
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