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<br /> -'-'°•°-_'��'"'�� condemnadon or other taking of�ny part of the Property.or far oonveyunce in lteu of condemnatIon.ur+e hemby ossigned nnd =�-- � ---
<br /> : ��t� shall be paid to l.ender. _.
<br /> �:_;,;;;��;A�� In thc event of n tota► takin��t'�he Property, the prxeeds ahall be applied to tha sums secured by this Security _�
<br /> •°�:��.;,��*; Instrumen�whether or not ehen due.v�ith nny excess paid to�am��ver. ln the cvent of n paat9Ql teking of the Propeny in — ._
<br /> '`•"�'�:--"-=--�;=,;4^' which the fnir maricet vcilue of the Property immediately before the takiog is equai to or�rcuter tl�un the nmou�t of the sums �""'°—_.�
<br /> -:,v;��,.._:-..-�;--= secuned by thts Securiry InRdume�u immediately beforc the taking.unless Bomuwer und Lender otherwise agreo in wdt[ng, ��-- -- -
<br /> • �he sums secured hy this Secudty Inswmenz shal!be reduced by the amount of the prexeecis muldplied by the following _ —
<br /> �;_-�:xs,�.,�,� frecflon: (a)the total umount of the suens secured immediately before the taking,d(vlded by(b)the fosir marhet value of the ` �_ -
<br /> _ .. •,; Pmperty immediately before t�e talw��. My balurtce shaii be paid to Bo►-►nwcr. L�the event of a partIal teking uf ti�c — _
<br /> _ , Pr�o�persy in which the fair msuket value of the Praperty immedintely before the taking is less thun the amount of the sums ��t��,,,;:s
<br /> - secu�d immediately before the taking,unless Borrower And Lender otherwtse agree In writing or unless applicabie luw �"':�''?!�-���
<br /> otherwise prov(des.the pmceecis shaQ be applied to the snms secured by this Security Insuument whether or noi the sums are =°--���•���:
<br /> „ . t�tCit dI1C. v �r-'-;">; --"�-
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<br /> � If the Praperty is abandoned by Bomower.or if,after notice by l.ender to Borrower that the condemnor offers to make . •�.,:,.;.,K,,;-�::��,_
<br /> ' � an award or settle a claim for damages,Bon�ower fails tn respon�to i.ender wIthin 30 days after the date the natice!s iven, �:;:�:•:.": ""-"'°�'
<br /> 8 °'�"`+,�t_,,.,..�
<br /> . ` I.ender is authorized to collect and a�siy ti��proceeds.ac i.ts opaorr,eitlter to testoration or repair of the Property or to the {'�s��:_�-�,�;ei�=��._-.
<br /> . �,� ;� sums secured by this 5ec�uity L�strnm.ent,v�itetlter or nut tJr.en du�. '",�. .; �
<br /> � Unless Lender and[iarrovser otinezviise agFee in Nnitin�,anY apPlication of pms�cods Co princl�at sh::ll not extend or .�. ;`. .,;;.�;��,�;,_ .
<br /> , �:_.;.,, },
<br /> postpone the due date of the mon�l,y nayments ref�m in paragraphs I and 2 or char+ge the amo�snt af su�b payments. ;x-,
<br /> 11. Borrower Not Releused; b�trui�rarance By 1.ender Not a Watver. Extensioa of t3�e cime fior puyment or . , �;;��"""
<br /> ? ' � � modification of amortizadon of the sure�s secured by this Securiry Instntment granted by Lender to any successor In interest • ',_'".'�?`°'_'�=
<br /> �-�� > of Bomnwer shali not operate to rclease the Jiabitity of Qie original Borrower or Bormwcr�s successors in jnterest.Le�udar ��' � �,..e;�;,
<br /> , �,.,, ;�,..�,W---
<br /> =%�,�:�� shall not be required to commence proceedings against any successor in interest or refuse to extend time for pAyment or , °___�_--
<br /> ,',,�'�k��� • otherwise modify amortization of the sums secured by this Securiry Ins'u�ument by reason of eny demand made by the original `--
<br /> ��`•"• Borrower or Borrower's successon in intenest. Any forbeurance by Lender in exenising any right or remedy shall not be a -�'�'�°""�"�
<br /> �n u �' ��}��+/ .. � •: n' .
<br /> � • " ���i::,S� waiver of or preclude the exercise of any right or remedy. „ ��•'��~`_
<br /> " �•�;'•^:"`" 12. Successots and Assl ns Bound;Jotnt and Several Llabilit Co-si ers. The covenants and a ments of this • -�'�';�w�
<br /> !s��;,•:�', S Y; � � ,. • r
<br /> ' . A `'. Security Instrument sha11 bind and benefit the successors and assigns of L.ender and Borrower,subject to the provisions of � �;:,�ti''� '�'
<br /> .. �k 4 _
<br /> ' •���,'��f paragraph 17. Borrower's covenants and Agreements shall be joint and several. Any Bottower who casigns this Security � •�����
<br /> � Instrument but does not execute the Note: (a)is co-signing this Security Instrument only to mongage,p,�ar►t and convey that �-�°
<br /> , ,,;. Borrower�s interest in the Property under the terms of this Security InstrumenC. (b)is not personally obligated to pay the sums � �j •
<br /> �i' secumd by this Security Insttument;und(c)ugrees that Lender and any other Borrower may a�ee to exter+d,modify,forbear ., �'•a:y�`� ,�r�
<br /> , or make any accommodations with negund to the terms of this Security Instrument or the Note without that Borrower's , . �_��.r.�.�
<br /> � ..
<br /> , consenG " �x;{�P�a'�`+ '
<br /> ,,.'`` 13. Loan Charges. If the loan secured by this Secunty lnsuument is subjecc co a taw which�et� �uani�uu�ii toan �,,., �•, °
<br /> • " charges.and that law is finalty interpreted so that ihe interest or other loan charges collected or to be collected in connectian �
<br /> :;:�ri,., with the loan exceed the permitted limits,then: (a)any such Ivan charge shall be reduced by the amount necessary to reduce • ��'���`
<br /> • ��•,,,'�?,:;;: ' the charse to the permitted limit;And(b)Any sums already coilected from Borrower which exceeded permitted limits will he • �;,q�:,:
<br /> �5S•,;:�,�
<br /> �, � ,,�•:�•. �. ,e�:,,>,�:; r�efunded to�orcower. I.ender may choc►se to make this refund by reducing the principal owed under the Note or by making a . >:�,•:.. +
<br /> '�..��,.•. :. ..:`??;�;:;••,: :.. :i ::..
<br /> ,:...,, dimct payment to Borrower. If a refund mduces principal,the reduction wi11 be treated as a partial prepayment without any �"`�.
<br /> , , prepayment chnrge under ihe Note. ��.�',•;"� . � i�.��
<br /> �� 14. Notices. Any notice to Borrower provided 1'or in this Security Instrument shall be given by delivering it or by '���
<br /> �••'�:' .. .
<br /> mailing it by first clasx mail unless applicable law reyuires use of another method.T'he notice sholl be directed to the Property � , r
<br /> Addness or any other addrcss Borrower designates by notice to Lender. Any notice to Lender�hall be given by ficst class ' �;� ��
<br /> �. ...t}•i� mail to Ixnder!c addness stuted herein or any other uddress Lender designates by notice to Borrower. Any notice provided for •� 'f;��;� ,
<br /> y. � in this Security Instrument shall be dcemed to have been given tn Borrower or Lender�vhen given as provided in this , .
<br /> . , ,, P��Ph• , ' .. ,.' .r16�
<br /> ,. • • •� - , 15. Goveruing Law; Severability. This Security Instrument shall be rovemed by federal law and thc law of the j:-
<br /> �,;.,,;;. �'
<br /> ,,..,r,;; jurisdiction in which the Property is located. In the event that any pmvision or claae�e of this Security Instrument or the Note „ �., ,'r�
<br /> � • �����, conflicGS with applicable law,such coaf'fict shall not affect other prc�ti isions of this Security Instrument or the Note which can ,,, c;!'���
<br /> � • �;�.'�:;} be given effect without the contlictia� provision. To this end th: �rovisiom of ihis Security Instrument and the Note aee , !':"''� "
<br /> ,,..�.
<br /> � •`"`�`' declamd to be severable. " ••�,�„�
<br /> • 16. Borrower's Copy. Borrower shall be gi�•ea:���:conform�d copy of the tic»c and of this Securiry Instrument.
<br /> •• t7. 7Yansfer of the Property or a Benefic9al 7ntrrest in Borrower. If ul[ar any pan of the Property or uny interest in ..
<br /> � it is sold or rransfemed (cx if a beneficial intercyt in Burroa•rr i+��ti1�1 or transferred and Borrower is not a ns�tural person) ' "
<br /> •� � without Lender's prior written consent �:.ender may,ai its optic�n.ee4vim immediate payment in full of all sums secumd by ' . � �'�:-�
<br /> . . ]:•:ti,, , r .-.
<br /> •.. ;� this Seeurity Instrument. However.tCui�uption shall not he exerci.e.�by Lender if exercise is prohihited by federal law as c�f i
<br /> � � "`� the date of this Security Instrument. �"�� �
<br /> If Lender exercises thi�option,Lender shaU give Borrowcr notice of arezi�eatiun. The notire shall provide a period of t�.:
<br /> not less than 30 days from the date the notire is delivered or mailed within w•hicl��orti�wer mu�t pay all�ums secured by this (.�
<br /> Security Inswment. If Born�uer t:�e.< to pay thetie tiumti prior to the expiranon of this period. Lender may invoke am �
<br /> ' !� �`' �- mmedies permitted by this Securet.Im:rument without furtl�er noticr or demand on Bormaer. i �;%;�
<br /> " , �;•`;���' 18. Borrower's Regh4 to �eic�strrre. If Bortoa•er meet,certain conditions.Burroner .fiatl have the right to �ha�e ' ..,,t_;: �.,
<br /> . ' enforcement of this Seca�eice. En>trum:r,e discontinued at any time prior to the�arl'eer of: tal 5 Jay,lor surh other prriod�.> ,.�`;.:
<br /> . ,..,�• �
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