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<br /> ,;���:. condemnadan or other taking of any part af the Property,or for convoynnce in lieu nf condemnutian,are herehy uxsigned tmd � , ,,�.t:„
<br /> Fhall be paid to Lender. . � - __
<br /> �:: � �_s � ' In the event of n total takin� of the Pmperty, the pmceeds sh�li bc applied to the sum� secured by tl�iR Securfty , ��
<br /> '"��'�''� Tnshument,whether or rtot then due.with any excess paid ta Barrower. In the event af u paninl tnking af thc Property in • .' �
<br /> . �. which the fuir marhet value of the PraQeny immedintely before the tnking!s equnl to or Rrcntcr than the umaunt af thc sums ' - --
<br /> ` secured�y this Secudty Instrument lmmediately before the takln�,unlcss Borrowcr und Lendcr atherwine uQrec in writing, —
<br /> �: � ° ° the sums secured by this Securlty Inhtrument shull be reduced by the umaunt of the praceeds multiplied by the follawing � �''�
<br /> ��e "� fraction: (a)the total amount of the suma secured Immediately before the taking,divided by(b)the fuir murket voluc uf the . __ �
<br /> "�°'''"•• Pro�serty immediately beforc the taking. Any balence shalt be paid to Horrower. In the event of u partinl taking of thc . , �
<br /> Property tn which the fair market value of the Praperty immediutely before the taking i�s less thnn the umount of thc sums . .,'� ���;
<br /> -. ° secured immedlately before the taking, unless Borrower and Lender othernise u�rec in writing or unle+s appiic�ble law � � •�$ �
<br /> , othenvise provtdes.the proceeds shall be spplied to the sums secured by this Security In�:trument whether or not the sums nre ' �
<br /> � then due. -
<br /> ' , . If tlne Property is abandoned by Horrowcr.or if,ufter notice by Lender to Borrower that the condemnar offers to make � '
<br /> " �� • an awamd or settle a claim for dacna�es,Boraowe�fails to respond to Lender within 30 days after the dutc the notice is given. '��
<br /> . I.ender is authorized to coflUect and apply tAce proreeds,at its option,either to restorution or repair of�he Property or ta the ��
<br /> � sums secured by this Securfi¢y I�nstnennemt,wQeetPoer or not then due. ,'
<br /> Unless l.ender and Bomower otherwise agree in writing,any application of pre�eeds to prinripal shall�ot extend or r
<br /> post�one the due date of the monthly paymenu referred to in para�raph�I and 2 or change the amount of such payments. ' k
<br /> . la. �orrower AT�t Itete�se�H; Fwrbearance �y H.ender NoY A Yllaiver. Exteosion o: :hc time for paymens or ,.,'
<br /> � " ;���. modificadon of amortization of the su�a secured by this Secuaty Inserument gran¢ed by Lender t�any succecsar in interest E , .
<br /> f ` of�oTrower shail not cn�erate to releuse the liability a�f the original Borrower or �orrowerl succescors in interest. Lender ; . . , �t?�;(�F; �; ��< i
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<br /> •,•��•'r,•,."r:s�i.�`,� yha11 n�t he required t�cam�mence pr�eedings a�ai�nse any successor in interrst or refuse to extend time for payment or �, 5 ;. ,: ,:.�;:>�F�F,�,�.,. ,':
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<br /> '}'i,?,:;',:.;::;:r;�:'':� othem+•use mw3nfy amor�izat�on afth4 sums seeured by this Securirr Instrument by r�ason of arzy dem�nd made by the origi.�:t '(.,ti•,y:,,•;';�:,.,,,.;,�•r!.:1;;.�,rl��;..'�.�i,;,�-_
<br /> f`�f #� ;'� �� �)1 Borroxrer or��rro�ver's succes�vr. an inter�st. Any forbearnnrc by 1..ender in exercivin�:+r:a right or remedy shali not�r a �,��t� �;r ; : ����$''�J{"
<br /> °�t� ���11 e � � waiver of oc precluue t�ne et�rcise otf an�.rig6�t oa remedy. �t,} r ���r a r , :_
<br /> ���'f 4�' '�"lx ,�� 12. Successm,as ar�il A,ssigns l�oua�d; �Jo9caQ:au+aE�everAa H.i�b91n¢e•;Co.s6�nea�s. T6�e eovenanac an@ a�seemec�tx o6 ahis '; i��';;;r ` r,�,�k�4y�'�I��`�xf..
<br /> s ��j���r�,,}5 ��� Saeurity Insuumere¢shatE bind and �senPfir n0:e �Urcrssor� unxi assignc o9'Lend�r and Borrower,subject to the pr�visio��of ,ti7� •��.�. �„�'�i t . _
<br /> ���r��`• . :�'•���{"��k� h 17. Borrowert covenan3s and a reear�ents sha]l be 'oint and several.An 13orrower who co-si ns this Sectnrit �' !%�.>.,� ,,
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<br /> � � ��"����" Instrument but does not execute the Nceie: (a)is co-signing this Security Instrument only to mortgage,g�ant and convey that -;,�
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<br /> '' .: Borrower�s interest in the Propeny under the terms af this Security Instrument; (b)is not personally obligated to pay the sums
<br /> secured by this Security lnstrument: and(c)agrees that L.ender and any other Borrower muy agree to extend,modify,forbear „�•�;--
<br /> � or make any accommodations with cegard to the terms ot this secunty Instrument or che ivote wichoui �iiai Burruwer� �- - •_`;'� �'��_—°
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<br /> ' consent. � '
<br /> .. ��� 13. Loan Charges. If the loan ucured by this Security Instrument is subject to u Inw which sets maximum loan . " �- t
<br /> �� „ charges,and that Iaw is finally interpreted so thut the interezt or other laun charges coUected or to be collected in connection ;
<br /> • wlih the!oan exceed the permitted!imits,then: (u)uoy such loan chur�e shull be reduced by the umount necessury to redace ,,
<br /> the charge ro the permitted limit:and(b)uny+umy ulroady coUected fn�m Borrowrr which exreeded permitted limitx will be �i �
<br /> � refundcd to Borrower. Lender may chcx�.c tn makc thi+refund by mJuring the principal owed unJer the Notc or by muking a ,
<br /> � � dircc�payment to Borcower. If a refund Rducc,principal,the redurti��n will be treated a�a partiul prcpayment without uny '��ti
<br /> prepLym�nt ch:uge under thc Note. �� �t� �
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<br /> 14. Notiees. Any natice W Borcaw�r pruvidcd for in this Security In+trumcnt +hall tx given by delivering it or by I -'���`
<br /> mailing it by fint cla+s mail unles.applicable luw rcquirc�uu of anuther method.The notice xhull be dimcted to the Property � �;�
<br /> Address or any other addre�s Borrower de�.ign•rte>by noticc to Lender. Any notice to Lendrr�hnll be given by first class �
<br /> � mail to I.ender's sddress statcd herein or any athcr address Lender Jc.ig�atc�by nnticc to Borrower. Any notice provided for
<br /> ";.:, , in this Security Instniment sh:�ll be deemed tu huve bcen givrn to Bonow•er or Lender when given as provided in this • ,�_y����.
<br /> ' p�IS hGovernin Law: Severabilit. 'This Securit In�trument shuU be ovemed b fedcral law and the luw of the '���'�� }`
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<br /> ' urisdiction in which the f'ro rt iti tocated. !n the event thst an rovision or cluu�e of thi+Securit In�trument or the Note I ''" x
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<br /> conflicts with applicable law,such conflict zhail not affert other provision�of thi.Security Instrument or the Note which can f��� " '. �� �`,.
<br /> be given effect without the conflicting provision. To this end the pruvitiions of this Security ]ntitrument z�nd the Note nre �'� '' h�',';�
<br /> declared to be severable. ' ''" . `��;'
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<br /> , 16. Borrower s Copy. BoROwer xha31 be given one confortncd copy of the Note and of thi.Security lnttrument. � �. "1� r „ �,.
<br /> ;:,.;-� ' 17. 'fl�ansfer of the Property or a Benetidal Interest in Borrower. If atl or any pan of thc Property or any interest in , •�t,:'i:;�;.�..
<br /> " ' it is sold or trunsFerted lor if a beneftcial interest in Borrowcr is tiold or tr.uisferred and Borruw•er is not u nawral person) "`�' , �'�
<br /> without Lenderi nor written consent, Lender mav,nt its o tion,re uire immeJiate a•ment in full of all sums secured b . ' '•'�•
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<br /> „ " this Security Instrument. However,this option,hall not tx cxercitied by Lender if exerri.e i.prohihited by federal law as of '���
<br /> �.,;
<br /> the date of this Securiry Instrument.
<br /> � If Lender exercises this option.Lender shull give Borru��er notire of acceleration. Thr notire+hatl provide a period of f
<br /> ° not less than 30 days from the date the notice is delivered or mailed w ithin W hich Borro«rr mu.t pa}•all.um.secured by this ,
<br /> Security Instrument. If$orrower fail�to pay the,e tiumti prior to the cxpiratiun uf thi� �xricxi. Lender may invoke any � ��;
<br /> remedi�s pertnined by this Security Instrument�cithout further noticr or dcmanJ un Burru��rr. , �
<br /> ' 18. Borrowe�'s Right to Reinstate. If BorruH•cr mect� rcnain ronditiun,, Burrourr �hall ha�•c thr right to ha��e
<br /> enfor�ement of this Security In,trurnent di�contmued at any timr priur to the rarlirr ut: �ai 5 day,uu�urh uther pericxi ati � �i
<br /> . �'�:. Smglr Em�l��-Fannk S1ae•'F'reddie�tnc(��IFOR�t l\��fRI��IF:�'f t'mt�mn t'���rnem, 9/90 qkrtiel�fn�i,•�� ,
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