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<br /> ___;-�r,;�,�, condcmnation or ather taking Af any part of tho Propejty,ar for canveyancc in lieu af condemnntlon,aro hereby nssigned and __
<br /> - ----== �hall!�e paid to Lcnder. _
<br /> T=:���� [n the evenl of n totul taking of the Proper�y. tl�e pracecda ehall be applied to the sums secwe�! by this Securiry
<br /> '�`� ��" �u instcument,whether or not then duc.wlth any excesg paic0 to Bomawer. in the ever�t of o partini tntking of the Prop�rty in =,�.,�,
<br /> ---- -- � which tha fnir mnrket value of the Property immcdlatcly befo[e the takIng is equal tc>or greacer than the r.�nount of the sums
<br /> �'"'°�� securcd by thls 5ecurity inswment immediutely before thc toking.unless Borrawer and Lertder otherwise agree in writtng, P _ _ __
<br /> � �,:,�: ���", �:�' the sums secured by this Secudty lnswment sf�etli be reciuced by the nmount of tho�rocccds rr+uitiplIcd by the foltordng � �
<br /> '�"=�.;� fraction: (a)the total amount af the sums secured immedintely before the taking.di�ided by (b)the faft market value of the — -
<br /> ��::-`-'''-"��`,. : --�•- P;oper:�{mmcdiutcly before d�e !�kin�. M;b�le�!cs n!!a!�pa;d to Mrr�we•. In�hP eveet �f A �+areial tokino af the -- _ �-___ _
<br /> ' �:.: property in whtch the fair madcet vutue of the Property immediately befone the taking is lrss than lhe amount of the sums �°"��-�=-:
<br /> secured immediately before the Wking, unless Sorrower and Lender othenvise ag�+ee in wdting or unless uppltcable law ���f��_,_.
<br /> otheswtse pmvidca,the procee�x shall be applied to the sutins secured by thls Serurity lnswneent�vhether or not the sums are �.l• r,F�,
<br /> : . . ' then due. y, _`�
<br /> �� • .. If the Property is nbandoned by Borrower,or if.after notice by l.ender to Borrower that the condemnor offers to make Y''�"' �`�'4�`
<br /> • � - an award or settle n clntm for d n muges,�orrower fu i ls to respon d to l.en der w i t h in 3 0 d ays a�te r t Q e e d a t e t h e«a c i c e i s�e v e n. � '�"�"
<br /> i.ender is authorized to collect and apg►ly ihe proceeds,at its opdon,either to restoradon or aepaie of the Pe�}s�r¢y ar eo t2ee ' � ' "` ��• f
<br /> sums secur+ed by this Securlty Instrument.whether or mot tlnen due. :.;:,..�: �.�,,�. ��'f=
<br /> ;�,, ».q"�:i%�;;:�,"�.�a.'r:_:--�
<br /> Unless Lemder and Borrower atherwise agnee im�vriting, any application of praceeds¢o prnmcipal shall not extend or .,:F::�
<br /> postpone the du�date of ehe mon¢hly pay¢nents reBeRea!ro in pasagraphs 1 and 2 or change th�amonant of such paymenu. � � .. ,�:::�=r=��
<br /> •� •, 1Il. ��rr�sver Noi H�eleas�; �ou�b2�anc�e �y I.�Ade� N�¢ n dY2�vea: Extension of ¢�e time for payment or , ,.`�.,:'.�;w °-
<br /> >,�,:• --
<br /> - ;.•>i:;;'_:}i,'�f modifecTtion of amnrtiz��tion of the sur�ns secwed b ¢�►is Serurit Instrurt�ent nte�b ixmder t�an successor in ineerest ��'�=r���•, ���•������----
<br /> � `f '� ��"�' of Bor¢�owcr shall not o erate to relet►se the liabfii'iy mf the ori Ina�i3��irower�or Borrawer.'-+su��rssars in intet+est.l.ender <.+�kR''r `'t+ti;°�TM' '•
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<br /> ..�„�;,� ta;r.:.� shall not be required to e�mmertce praceedings agaert�st any successor in interest or�fuse to extend time for payment or �}�,�; „ r'`��f "'
<br /> :,:.,;,<,f�,,; ,'��"=,:i ` Z'`��`.,t,��'r ')"•I' �
<br /> ,=•>,;.;1 r�.,;,�;:�t, othenvise modify amvrtc6a:ion of the sums secured by this Security Instrument by rca,on of any demand made 4q ihe origireal v�;,,,`�;s , � �q�r�'�,;.,..��;.s�_
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<br /> ^,!�r�,.: ,.���,.t�i,!�;�},,,'� £botra�ver�r Bc�rro�r�c's,a;:.�:essors in interest. Any forhearance hw ender in exenising any right or remec� ;riall noi be a �.l` ��'*��•r-f;�+�;y��,+?;;_
<br /> � ; .� ��<i`���„�;l �vaiv Il��S�r��r.c�ludrs a�itd XAssigas Bo�and�Jointrand Several Lis�'�33it}•;Casigners. 'l7ie co��enanis nnd ttg�eemEnts�ff lteis � ` "�'' {Y ���'�r��r•",':
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<br /> � �'{�;,;�;, SecorqIIy laestn�oment shall bind nnd benefit the suecessors and assigns of Lender and Borrower,�a+bject ro the provisioms of r., � `� ��'• --
<br /> ,,.�����'�� h ➢7. �orrower's covenants aaesl u m�ms shall be ' �mu and several. M Borrower wrho casi s this Seccr.rt �: '�t��
<br /> .r .•:;�:,,. paragvaP S� � Y 8n fY � 5�,��{ `�, ����:.._
<br /> .,,,°��,�`�:% }nstn�rtu�ent�ut�aes noi execate the I�mte: (a)is rasngnin�this Se�urity insuument only Ev amortgage.grant and convey that �,.{,�, .',.�";�;;;�;.:+----
<br /> - � �;.ti(•i;;::;.5 �+3�r,
<br /> :i,,5�{^;:�t•> garrowe�'s na�iecest im ttih�Property ur.d�e tha temts of this SecurdIIy Dnstrurnems; f b)cs not RPrsonally obligated to pay the sums ' � .��.::,;�.�
<br /> �'���"�i��.� secured my c3�.is Sec�ar6ey�nswment;and(c)agrees that Lender and a,-�y othAr Borrawer may agree to extend.modify,forbear � ��"`
<br /> � � ' or make zny accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's "�'"
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<br /> - conacnt ���
<br /> 13. I.oan Charges. If the lonn secured by this Security Insuument is subject to u law which sets maximum loan � >�`'-.
<br /> charges,and that law is finsilly interpreted so thut the interest or other loan charges collected or to be collected in connectton
<br /> with the loan exceed the permitted limits,then: (a)any such loun chnrge xhall be reduced by the nmount nece�sury to rcduce ,�> . ,
<br /> � the charge to the permitted limir,and(b)uny xums ulready coltected from BaRawer which exceed�d permitted limitx will be ��
<br /> ` refunded to Borrower. Lender may chnou ta muke thi�rcfund by n�ducing the principal<iwed under the Note or by muking u � `
<br /> , direct payment to Borrower. If u refund ndure.prin�ipal,the nduction will be treated u.a partiul prr�wyment without uny ', •�•�' ;
<br /> prcpayment charge under the Natc. ��
<br /> �,� 14. Noticc,w. Any noticc to Borrowcr providcd fnr in thi+Sccurity In�trumeni tihutl t�c given by detivering it or by � f,�
<br /> mailing it by fint c1a,s muil unlcss upplirablc 1•rw rcyuirc�u�e of anather method.The noticc�halt tm directed ro thc Pr��petiy , ``�"
<br /> Addtess or uny other address Borrowcr dc�i�natc+by notice to Lcnder. Any notirr to Lcndcr shall bc given by fint cla�s •
<br /> mait to Lender's address stated herein or any uther addres.r Lertder de+ignate+by notice to Borrower. Any notice provided for ' �
<br /> in this Security lnstrument shall be d�emed to have been given to Barraw•er or Lender whea given ag ptovided in thit '. �� ��
<br /> � "��
<br /> P 15�Governing Law: Severability. This Securiry Imtrument shall be govemed by federal law and the law of the ",%�� � ,
<br /> jurisdiction in which the Property is located. In the event that any provisian or clause of this Securiry In�uument or the Note � ��.�
<br /> �� conflicts with applicable law,such conflict+hall not affect other provisions of this Securit��]n+trument or tna Note which can
<br /> be given effect without the conflicting provision. To thiti end the provisiom of thiti Securi4y Instrument and the Note are ,
<br /> ,.;� ' declared to be severable. •
<br /> ,; 1G. Borrower's Copy. Borcower shall tx giren one conformed copy of the Note and of this Security Instrument.
<br /> - ,�.�;,. 17. '[1�ansfer of the Property or a RenePcial Iroterest in Borrower. If aU or any part of the Property or any intere.t in
<br /> �"� it is sold or transferred(or if a beneficial interest in Borcower is�old or tr.uisferred and Borrower is not a natural person) ,. •
<br /> . �.�' without Lender's prior written consent, Lender may,ut its option,reyuire immediate psyment in full of all sums secured by • : �� •
<br /> • this Security Inswment. However,this option shall nat be exercised by Lender if excrci,e is prohibited by federal law as of � . "
<br /> the date of this Security Instrument. i "
<br /> ' If Lender exercises this option.Lender ahall gi��e Borrower notice of accelerstion. The notiee sh�ll provide a period of
<br /> not less than 30 days from the date the notice is delivemd or mailed within which Borma-er mu�t pay all sums�ecured by this
<br /> � � Security Instrument. If Borrower fails to pay these wms prior tu the expiration of thi,period, Lender may invoke any i
<br /> remedies pertnitted by this Security lntitrument��ithout further noticr or demand ore Borrower.
<br /> 18. Borrower's Right to Reinstate. If Bomuwer meet.certain conditions, Bocrower shall have the right tu have
<br /> ' enforcement of this Security Instrument dixantinucd �i any time prinr to thr earlier of: (a) 5 days lor such other period as
<br /> Singlc Fam�ly•-Fannle Hae/E'reddk Nuc f:VIFOR�t 11tiTR('�tE\T--l'nd�xm Cuvrnant+ 9l90 ��u�.•J�Jn p��xex�
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