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<br /> ' c�ndemnatlon or othcr tnking of�+nny part of the Property,or for ca»veyAnce in lieu of condemnution,are hereby Assigned end �"'�"��°,_,_�___� �,��.
<br /> °• �"" ' ' shall be paid to Lcnder. ;�;�r:�-�, ,,_,_
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<br /> In the event of u totni takinb of the Property, the proceeds shall be applIed to the sums secuned by this Security �'-•_�„�,__
<br /> • ° . ° Instrumcnt,whcther ar nat then due,with Any excess puid to Bonower. In thc event of u purtial toking of the Prop�rty In .;"��;;»;:;s=__
<br /> ° which the fuir mnrkct vulue of the Propeny immediatcly before the u+ktng is equal to or grenter than the amount of the sums �.;��_.
<br /> ., . secu�ed by this Securlty Instrument immedistely befare the taking.uniess Bonow�r and Lender otherwise agree in wrlting, t. �. `•�y�'�`'!
<br /> the sums �ecumd by thix 5ecurhy Instrument xhall be reduced by the amoun! of the proceeds multiplied by the following " ` � -°`_;5.•-
<br /> •• - fructiun: (u►the wtu{umuunt uf tiie nums st:cured immediuteiy befurc►he tuking,divided by(b)the fuirmarket vulue of the • ••��-•.=��. -
<br /> " Property immediatcly befarc the takin�. Any balance shull be puid to Borruv►•er. In the event of a purtial takin� of the "'•�'`•�u�::_M
<br /> ,,;r.-���'�' Praperty in which the fAir market value of the Property immediutely before the talcing is less thun the amount of the sums - �, • - -.---
<br /> secured immedintely before the tuking,untess Horrower und Lender otherwise agree in writing or unless applicable Iaw . �' '`"'
<br /> ' othenvise provides,the proceeds shall be applied to the sums secured by this Security lnxtrument whether or not the sums are '~�'�':,.
<br /> then due. ' . �. , o�• -
<br /> lf the Praperty is abandaned by Borrower,or if,after notice by I.ender to Borrower that the condemnor offers to make •
<br /> an award ar settie a claim far damages,Bortower fails to respond to Lender within 30 days after the date the notice is given, , � � 1�.�
<br /> ' L.ender is uuthorized to collect und apply the praceeds.at its option,either w r+estoration or repair of the Property or to the , ''�``-�=' _
<br /> • sums secur�ed by this Secu�ity lnstrument,whether or not Uien due. � � . , . -=
<br /> • . Uniess Lender and Hosrower otherwise ugree in writing,any applicution of proceeds ro priacipa!st�eal!rtot extend or ` . . .+Q'�
<br /> p�stpone the due dnte of the monthly payments referred to in purngraphs 1�u►d 2 or change the amonnt of such payments. ' , �
<br /> • • 11. Horcrower Nm! 1!3¢�¢�ase�E; �r6earance By Lender N�4 � Waiv¢n: Extension of the time for payment or : ��
<br /> modifica8ion of amortization of the sums secured by this Security IInstrument granted by Lender to any successor in interest : ' -:v. :;._ —
<br /> .. ' , of Bornower shall not operate to release the liabitity of the original�orrower or IDorrower�s successors in interest. Lender • �':;
<br /> � shall not be required to commence proceedings against any succescor in interest or refuse to extend time far payment or ° � ����;`:'
<br /> • othenvise modify amortization of the sums secured by this Security Inswment by reason of any demand made by the original � _ ;
<br /> BorroweQ or Borrower's successors in interest. Any forbearance by Lender in exercising any righe or remedy shall not be a � —
<br /> waiver off or preclude the exemise of any right or remedy. � � - ; �
<br /> 12. Successors and Assi ns Bou�aD;dotnt and Several Liabllit Casi ners. The covenaaecs and a ments of this �`�fj !• �`��� ;�F`�
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<br /> , Security Instrument shall bind and benefit the successarrs and assigns of Lender and�orrower,s�hject to the provisions of "'.:,;�'i` • ;; �.•�. "�''.`.::.
<br /> • ' paragraph 17. Borrower's covenants and agreements sfiall be joint and several. Any Borrower�ifio co-signs this Security t"'%�'�' - ;i
<br /> ' lnstrument but dces not execute the Note: (a)is co-sigc�ing this Security Instmment only to mortgage,grant and convey that •,f'i<�.� � f��
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<br /> Borrower's interest in the Property under�he terms of this Security Instrument; (b)is not personall. nbligated to pay the sums ' . � �����
<br /> secured by this Security Instrumenr,and�c�agrees that Lender and any other Borrower may agre�to extend,modify,forbeaz ;��: _
<br /> or make any accommadations with regard to the terms of this Security Instrument or the Note without that Borrower's . , _ r�
<br /> ronsent. '
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<br /> , -- ----- - i_. L*�ast _harti _ th_ !_an s?tured by thic Sprqri[y Ii1�IP.ttlt!'!tt �c a���j>•�:r in p �aw wh'trh u'tc m�xitnnm I�ap , ,;'.,a;� ._ " `. — -
<br /> . eharges,and that law'is finally interpreted so that the interest or other loan charges coUected or to be collected in connection ��yt>>'• �
<br /> �• �.��� with the loan exceed the permitted tire�i[s,then: (a)siny such loan ch.►ree shall be reduced by the amount necessary to reduce ( y' � � ��
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<br /> � 'r the charge to the permitted limir and(h)any sums already collected fram Borrower which exceeded permitred limits will be ��{:� k�i,��,� .
<br /> ''�4�`';; refunded to Borrower. Lender may chuasr to make this refund by rrducing the principal owed under the Note or by making a �'`'':.�r;r;��:i4`:i�";`:;;, ,;_
<br /> ' '.'/:�i.. �r'Ii'��y� 5�•!.,.�,�� �; �'�t�<s _ ' .
<br /> . . ,..� direct payment to Borrower. !f a refund raduces principal,the reduction will be treAted as a partial prepayment �vithout any �;,�; . .`�+ �`�` r,''-
<br /> ����{!,�t. ' !� prepayment charge under the Vote. S i ','�. o.i: tl`�
<br /> •�t,;�1..t ° "+•' 14. Notices. Any notice to Borrower provided for in Ihis Securiry Instrumx:nt shall be given by delivering it or by '�., .? 'r��, �'
<br /> ,�f���, mailing it by Crst class mnil unless appLcable IAw requiret usr of another method.The notice shall t+e directed to the Property � � . :,� ���
<br /> `ti•}!�'•� Address or any other address Borrower designates by� notice to Lender. Any notice to Lender shall be given by first class •� .
<br /> , mail ro Lender's address stated herein or any other addm�s Lender designates by notice to Borrower. Any notice provided for t
<br /> �• in this Security Instrument sha11 be deemed to have txen given to Borrower or Lender when given as pro�-ided in this ,•;.f�:�:: °� �
<br /> �..'� paragmph. ' '', Jt,��,=.�
<br /> • I5. Governin Law:Severabilit . Thiti Securit In�trument shall be �overned b federal law und the l�w of the '-�4`; •,� ` , '��-
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<br /> jurisdiction in�vhich the Property is located. In the event that any provision or rlausr of this Serurity lnstrument ur the Note � 'i;-�" ���
<br /> conflicts a ith applicable luw,such conflict,hail not affcct other provisions of thi+Security Instn�mt nt or the Note which can ' •�-;�r 1�{�,. -
<br /> �. be�iven ePfert without the conflicting provision. To this end the provision�of this Security In.trument and the Note am E ' '%;.;"•'�. ��-
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<br /> >!�c�,�„ . decl:ued to be severable. , �� . . ��'�f
<br /> `1�., 16. Borrower's Copy�. Borrower shall be givea one r.onfortned copy of the�nt�and of this 3ecurity Instrument. ' • • �`'-`
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<br /> ;i it is o� o�ranf ferred(or�if�henefi aal�inte�re.,ain BorrowerB�sold or tr•an ferred�und�Borro�z��pnot a na urul�penon) ,,,. ' ,,,��1'f;4r,11, --nr�r.
<br /> without Lencier's prior written consent,Lender may,at its option,reyuire immediaie pa�•mcnt in full of all sums�erured by � ,• . :•t�4,.' ' '
<br /> this Security Instrument. He�wever,this opticm,hall not he exerci�ed hy Lender if eremi�e is prohihited by federal law as of ' � i�
<br /> the date of this Security Instrument. �' ', �'"�
<br /> . If Lender exercises this option,Lender sh•rtl gi�r�orrower notice oC accetrratiun. The notice shall provide a period of � ,��r
<br /> ,�� not less than 3Q days from the date the notice is delivereJ or mailed w•ithin which Borroaer mutit pay ull xums secured by this ,� ��,,•,�� .�.'qY:
<br /> � Security Instrument. If Borcower fail. ,.� pay these .um.pric�r :c�i�r expiration of thi� pen.�d. Lender may invoke anc • ` '
<br /> remedies prrmitted by this S��urit��I�;tnimrnt without funhcr n�»i.•r u:demand on Barcou•cr. ��;��. ," •'�
<br /> . ' 18. Borrower's Right to Reinstate. If Borrower meet�rertain conditionx, Borrow•cr xha:i have the right to have " Z.�t-
<br /> ' anforcement of this Securiry Instrument discuntinurd:rt an��time prior to the rarlirr of: 1a)S day.lur surh uthrr pe�riocl az �., ' '���`�:;:
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