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<br /> „ condemnuQion or other taking of any pArt of the Praperty,or far conveyance in eu of condemnutlon,nre hereby�..signed and '•
<br /> ,„-`�,'-",'�`•� . shull be paid ta L.ender. � � • ..,-;"�.-'.
<br /> : . In the event of a towl taking of the Property, the proceeds shnll be upplied to the tium� secured by this Security � �
<br /> , .. � �' Insdumen�whether or not then due,with any cxcess pald ta Borrower. Jn the event of n panial taking of the Propeny ln " � —
<br /> . ' whtch the fuir mu�ket value of the Property immediately befare the taking is equol ta or greater than the amount af the sums : __
<br /> ,,. �,;' , ' secured by thls Secur�ty Inetrument immediately bef�re the takin�,unless Bonower and Lender otherwire agree in wrlting. „ =�;::�
<br /> .", the sums secur�ed by this Securlty Insuvment shall b� rcduced by the amount of the proceeds rtsultiplied by the fallowing � � --
<br /> � - fraepon: (a)the total umount of the sums secured immediately before the t�+lcing.divided by(b)the fAir msirket vufue of the � ` � - —_
<br /> • Property immediately before the takfng. Any balance shall Ue paid to Borrower. In the event of a ptutial taking of thc
<br /> Property in whlch the fa�r market value of the Property immediately before the tuking is less than the nmount of the sums •� '. _
<br /> ,>' , secumd immediately befote the wkin�, unless Borrower and Lender otherwise agree in writins or unless applicable law � ^ • • —
<br /> � otherwIse pmvides,the proceeds shall be applied to the sums secuned by this Security Instrument whether or not the sums ure � � , '•�-�,
<br /> then due. --
<br /> . � If the Property is abandoned by Boirower,or if,a�ier aotice by Lender to Borrower that the condemnor offers to make
<br /> ' an award or settte a claim for damages,Bomower faits¢o erspond to Lertder withi�30 days after the date the notice is give�. —
<br /> Lender is authoriz�ci to collect and apply the pr�eeds,a8 its opteon,either to restoration or repair of the Property or to the ' �,+'�
<br /> sums secur�ed by eQiis Secuuiry Instruunent,wh�ther or noA tU�en due.
<br /> binless Lender and l�orrower othenvise agree in wr66ng,any application of proceeds to principnl shall not extend or �Y .
<br /> �stpone the due date of tece cnonthly payments referred co in paragraphs 1 and 2 or change the amount of such payments. • �'�,e-�;;
<br /> I l. �orc�ower Not lieleased; Forbxs,a�ance �y Lender Not a Waiver. Extension of the time for payment or , •� ,_
<br /> modiftcation of amartization of the sums s�¢�red by this Security Instniment granted by Lender to any successor in interest
<br /> .., _ of Bornower shaU not operate to release ahe liability of the original Borrower or Borrower's successors in interest.I.ender °`"�--
<br /> shall not be reqaired to commence proceedings against any successor in interest or nefuse to ex¢end time for payment or ' ' - ' `
<br /> othenvise modify amortizaEion of the sums secured by thi�Security Instniment by reaton of any demand made b�y elxe originul � .� --
<br /> � • Bornower or Borrower�sue:.essors in interest. An y fortJca;�nce b Lender in exercisin an ri ht or remed sU�a�E not bc a i= -
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<br /> �� - waiver of ur precGude the e xercise of any right or remedy. •
<br /> 12. Sus�sssmrs and Assigns Bound;Joint and Several Lia�Bnca;Co-signers. The covenamt�and agreements af this
<br /> • , Security Inscra��:�nt shafi bind and benefit the successors Artd a�.sigus �t Lender and Borrower,suhjera ta the prooisions of ' �
<br /> . : . . paragraph 17. l�orrowerk covenants and agreements shaif be joint and several. Any Borrower who eo-si€ns st�is Security s ', :,� ' .____.
<br /> � ';.� � • Insttument but dces not ex�:c�te the Note: (a)is co-sigr�i�g this Security Instrument only to martgage,graa�t und cc+nvey that i •,�`...,`
<br /> ��'', . . Borrower's interest in the INac�perty under the terms of i�ix Security lnstrument; tb)is not personally obligated t�pay the sums '�'`'r: •� �• °, ��
<br /> �'"� secured b this Securi Insrrument; and(c)a es that l.endar and an other Borrower ma a ree to�extend,maiif ,forbear � � � • `r�`�+fY`°'
<br /> y ry � y rg y . ,, �. : --
<br /> �' or m a ke any accomm o dations wi t h regard to the terms �f this Security Instrument or the Nate «ithout that Borrower's �' ' '�;;,(�,;,,� �
<br /> � consent. °'�' �
<br /> _ • 13. i,�►Ap f'ihargPg. IP th?I�►an �ure�by th�s cer�!!ity Inst�ament is stebjeC! to a!aw��hich sets maY:.^.:,am losr: t � ... 1.t;���`,�__--. ''-'
<br /> ' � c4�a.*ges,and thaz law is finally interpieted so that the inaerest or other loarf charges collected or to be collected an eonnection %,',ti ���.
<br /> - «•itt�tfie iaan exceed the permitted limits,then: (a)any su�ch loan charge shall be mduced by the arnount necessa�� ro reduce � �, �•
<br /> t➢tr charge ta the pertnitted limit;and(b)any sums already collected from Borrower which exceeded permitted limitx wil)b e ,•'�th�,r�',. ; ,.;.�o•
<br /> „ ��`�!'�;y:, .. , . ,
<br /> �s6�cnded to Barrower. I.ender may choose to make thix rcfund by mducinr ihe principal owed undez the Note or by mab;ing a �. '
<br /> direct payment to Borrower. If a refund reduces principal,the reduction a ill be treated as a paraia3 prepaymen¢without nny �' �'t�" • '"'�'�����-
<br /> prepayment charge under the Note. �' ���, ,
<br /> ��,�i,� • • ,r:J,�
<br /> 14. Not[ces. Any notice to Borrower provided �or in this Security Instrmnent shall be given by delivering ii or by ��`� '•' � %' �'��
<br /> �:`.�. � �
<br /> '• . mailing it by first dass muil unless applicable law requicrs use of another method.The notice shall be directed to the Aroperty jf� -
<br /> `�";''`�, Address or any othar addmss Borrower desi�nates by notice to Lender. Any notice to Lender shall be given by first cluss � ;."«•
<br /> " mail to L.ender s add�ss stated hemin or any other addres�Lender de�ignate�by notice to Bormwer. Any notice provided for f • '`:'.;,
<br /> in this Security Instrument shall be deemed ro have txen given to Borr��wer or Lender when given �u provided in thix ' - "'�
<br /> . P��Ph• � . ��°ec`:--
<br /> I5. Governing Law; Severability. This Srcurit}• Instnement shall be govemed by federal law and the law of the I ' .: ;�.�~�;.-b,,
<br /> �� jurisdiction in which the Property is located. In the evr�t that any provision or clause of this Securiry In.r•trument or the Note • � ;;,�� �. ��-_.
<br /> . confliets with applicable law,such conflict shall not affect other provisions of thix Security Imtrument or the Note which can '
<br /> • be given effect without the conflicting provision. To this end the provi�ions of this Securiry Instrument and the Note are � . •,�.;����: _,��
<br /> • declared to be severnble. ;�::.,
<br /> • • . 16. Borrower's Copy. Borrower shall be givcn one ronformed c�p}of the Note:uid of thi.S��curity Instrument. . .';:`}�;tirqSS. ,��__
<br /> �: ;: 17. 'Ilransfer of the Propertv or a Beneficial[nterest in$orrm��er. If all or any part of thc Property or any intere�t in �,�r ;�'s� � .; , :
<br /> i t i s s o l d o r t r a ns fe m e d(or i f:�b ene f icia l in terc.t in Bc�rc�wcr i, so l d or tranti frrre d an J Borrower is not a natura l penon) �; '-•r�.,L�;,,
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<br /> ����%�' '��; wi t hout Len der's prior written coment,Len der muy.at it. option, require imme diatr payment in full of all sums secured by , •`�'��.';+•.;.,::,,t•�, "
<br /> , ` �`� this Security Instrument. However,thiti option shall not he exerciscc!h� Lender if cxercisr i.prohibi[ed by federal law a+of � <''�•':�:�:;`„�y'.-_
<br /> '. . � the date of this Security Instrument. •'�����;�",:ti:,; +�"'.
<br /> � If Lender exercises this option, Lender shall give F��roHer nrnire of arceleratioi�. The noticc�hall provide a period of . .�i•t , fiT
<br /> e.al less than 30 days from the date the notice is deliver�d or mailed within which Bore�«�er mu�t pay ull�um��ec•ac��l hy this � �j'���
<br /> 5:carity Instrument. If Borrower faifs to pay the�c siim� prior to the expiration r��ehi��xricxf, Lcndrr ma� i�coke :uiy � `
<br /> re.etedies permitted by this Security Imtrument u•ithout funi�er notice or demand on Borrower. ;°�
<br /> � 18. �3uuru�a�ever's Right to Reinstate. If$orcow�r meets crrtain conditiom, Borro�eer tihaSl ha�•r the ritiht w have '
<br /> enfotremertz<�c;his Security Imtrument di.rcentinurd at any timc pri�ir to the earlier<i1`. (a1 S d.t�-.�nr�uch other}xricxl as ��
<br /> . Single F:unit}--Fannie�1ae 4'nvld2r�9ac l'\IFOR�t I`titNl\1F:�'P l r,c•mi('r.a:�nt. 9,9(1 �p�c••J�/��lwrlr.� . '
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