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<br /> _-,._�„r*� condemna�an or olher taking of any p�t oY the Property,or foreonveynnce in Itcu of condcmnatlan,aeq herehy c►ssigncd�nd __
<br /> ..W=-==- ahall be pa[d W I.ender.
<br /> _a;��-�" In the event of a total takIng of the Ptaperty, the mceeds shalt be applied ta tha eumH Secured by thix Sccur(ty
<br /> F=;::
<br /> --=�a Instrumept, whether or not then due,wlth any exccss p�i to 9arrower. In the cvent of n pnrtial taking of tho Pro�eRy!n
<br /> '�nw'!;,'t,�?`����`"'`� which the fafr market value of the PropeRy Immediately before tha t�king is egual ta ot grenter thun tha amount af t l�e eumR ___
<br /> `�:��,t:;;,;,:�. ;; '� sec:ured by this�ecurity Iaswment immedtstely before d�e tnking,unleas Borrower end Lender otherwlse ugree in wdting, °�•-�
<br /> ..z����j:�;:���,°°- the sums secured by this Secudty Instrument shall be reduce�by the amount of the proceeds multiplied by the following
<br /> , fraction: (a)the total amount of the sums secured Immediat�ly before the taking,divtded by(b)the fatr mnrket value of the ��.+:,�:-�--_
<br /> ` ' �� �' � Property Immediatcly befon the takin�. Any balance shadD be pa�d to Boaower. 1n the event of a partisl euking of the -
<br /> •`y'�-`=��'===�c1--- Pra !n �vhich the fair mP*keq value of¢he�ro imcnediatet b�fone the mkin ia less then the emount of the sums —
<br /> PeK3' PEetY� y g r°- --
<br /> � "' secured immediately before tRte eatcing.w►�ess �onnower au�d d.ender aa4�ea�vise agree in wrIting or unless upplicable law �:;_:��--
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<br /> . . ' • otherwise providc�,the proe�eds sG�all be ag�liecfl to the sum�socv,recB by¢his Security Inserument whether or not the s�ams ru¢ `'''=� -
<br /> '•' �� ... . then due.
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<br /> � � . If the Prop�fl��is abandoned by Borrower,or if Atter notice by Let�der to Botmwer that the condemnor offers to«take �°"y°�-
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<br /> ° � �� � .. an awaed or sett�e��cisim for damages.Borrawer fails to respond to I.enc3er within 30 days after the date the notice is give►n. - �,:;;.-_,__
<br /> ' • . Lender is authoriaed to collect end apply the proceeds,at its optlon.eithcr ta restorution or repair�f the Property o�to the �''"""'�=:°`
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<br /> . , sums secur+ed by this Securiry InsUVment.whetber or not then due. • •��:'�`+�a�-
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<br /> Unless Ler►der and Bomower otherwise�gme in wtidng,any application of procceds to principal shall not extenc�or ;, .;;,��;�.,;�_-_
<br /> � postpone the due date of the monthly payments referred to in parugraphs 1 and 2 or change the amaunt of such payments. � :,�.:�;�,a-_�
<br /> 11. Borrower Not Released; Forbearaace By Lender Not a Wa[ver. Extension of the time for payment or c,',;��kr;:�:___
<br /> modification of amnrtization of the sums secured by this Security Insmrment granted by Lender to any successor In intenest •k;1;;�'�"__
<br /> of Borrower shall not operate to release the liubility of the original Borrower or Bonower�s successors in interest. Lender ��'���:::-�
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<br /> .i;;;� .� sfia11 not be requimd to commence proceedings against any successor in interest or refuse to extend time for paymen?or •'�.��,�+_,•,��. .. -
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<br /> ;_. ...�,;, ot+ienvise modif amortizadon of the sums secured b this Securi Inswment b reason of an demand made b the ori inal . :>�. --
<br /> } H�•� < S�rrower or Rorro�ver�s successors in interec�. liny forbearance by I.ender in exercising any right or remedy shall not be a ;��:T�'°"
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<br /> .;,+��.,ti►t,.„ ,. waiver of oc preclu.le the exercise of any r9ght or cemedy. �;,.�.'��::�_
<br /> ; ,i.,�<<;.�.�;��r 12. Successors and Assigns Bound;Joint and Several Liabitity;�:v�signers. The covenaots and agreements of this �.�'
<br /> ,�:;::'�.,`'`' '� Security Ingtrument shall bind and benefit the successors a�nd assigns of Lender and Bornower,subject to the provisions of '��`"`'��
<br /> �•v.�a-:.:r;;-
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<br /> •,�::,j; , pAragraph 17. Bornower's covenants and agmemenu shall be joint and sevetal.Any Barrower who casigns this Secu�ity ,...;:.
<br /> .� � -`r•,,i"':Y:
<br /> " �`'�:'; � Insarument but daes not execute the Note: (a)is co-signing this Security Insuument only to mortgage,grant and convey that •, ,j,.;,s,~__
<br /> , .,. •• � Borrower's interest in the Property under the terms of this Security Instmment; (b)is not personally obligated to pay the aums `� ti,_±a�.'
<br /> I ` I" secured by shis Security Instrumeni;and(c)agrees that Lender and any other 9orrower may agree to extend,morlify,�'or@ear ��_,�tis��=
<br /> � ' '� � or meke an accommodations with re ard to the terms of this 3ecurit lnstrument or the Note without that Borrower� ''�-° "`
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<br /> ,;; 13. Loan Chacga. If the toan secured by this Secunty Insaniment is subject to u Iaw which sets maximum Gman ,�.�;:���;_�,
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<br /> • . - � CQ11TgfS�RRQI Ihi3Q ITW IS JII1811y iil[BIpiCIPA 5910Ai lI1C lIlIe�CSQ 0(m111C(IQFIiI(:OdCgCS(:OIICLlC11 VI lV I]C�UtIC�1CS 1H Liltiiit'.�ai0i� ---i�,w:,�- " ---
<br /> with the loan exceed the perm itted limits,th�n: (a)any such loam charge shall be reduced by the amount necessary to reduce , _
<br /> � the churge to the permitted limit;and(b)any sums already collected from Bort+ower which exceeded permitted limits will be ��
<br /> � refunded to Borrower. I.ender may choose to make this refund by reducing the principal owed under the Note or by making a -
<br /> dimct payment to Borrower. If u refund reduces principal,the reduction will be treated as a partial pnepayment without any ,;;;�:` __
<br /> •• prepayment chutrge under tha Note. � ""-__
<br /> 14. Notices. Any notice to Borcower provided for in this Security Instrument shall be given by delivering it ur by --
<br /> mailing it by firtit dass muil unlexs applicable luw reyuires use of unother methcxl.The notice shall be directed to the Property �o . , _
<br /> Addmss or nny other addres, Burrower Je,ignutes by notice to [.ender. Any notice to Lender shall be given by fint class • _
<br /> muil to I.ender:addre„statcd hcrein or;uiy other addrex�Lender�k.ignatc,by notire to Borcower. Any notice provided for ,,• ° •
<br /> in this Security Imtrument shull bc dcemed to have l+ecn given to Borrowcr or Lcnder when given us provided in this ,�,•-
<br /> par°gr�tph• ' �__
<br /> 15. Gove�ning I.aw;Sererability. This Securiry In,miment shall bc governcd by federul luw and the law of the � _-
<br /> jurisdiction in which the Property i�locnted. In the event that any provizion ur clause of thi.Srcurity[nstrument or the Note �,r;'
<br /> . mnflicts with applicahle law,sunc�ontlict tihull not affect other provi+iom of thi�Security Instrument or the Note which ct+n , .-
<br /> � be given eflect without the conQicting provitiion. To thiti end thc prcwisions of thi+Scruriry Instrument and the Note urc . � k .
<br /> declarecl to be severable.
<br /> 16. Sorrow•er's Copy. Borrow•cr shall be given onc canformcd ropy of the N��tc and of thi+Security Instrument. ,
<br /> 17. 7Yansfer of the Property or a Beneficial Interest in Borrower. If all or any pan of thr Pmperty or any interest in - .
<br /> it iti sold or transfcrrcJ lor if a bcneticial irnerest in Borcower i,,old or tran+fermd and Borru��•cr is not a natural person)
<br /> without Lendcr ti prior written ronsent.LenJer may,at iu option,rcyuire immediatr payment in full of all cums securcd by •
<br /> Ihis Security Intitrument. However,thi�option shall not be exercised by Lender if exerrise is pruhihited by federal law as of ,�
<br /> the date of this Security Imtrument. ,
<br /> • . If Lender exerritiey thi,option.[.ender+hall givr Borrciu•er nntire of acceleratiun. The notire shall provide a period of �...,, ,
<br /> � not lexs than iU days from thc date thc nolice i.delivemd or mailed within which Borruwer mu�t pay aU.um�serured by this �
<br /> Security In,trument. If Borcower failt to pa� the�e �ums prior a� the rxpir�►tic,n of this prriod, Lender may invoke :any
<br /> • remedies permitted by thiti Security In,trumrnt without funher nc�ticr ur Jemand�m Borrou�r.
<br /> 18. Borrower's Right to Reinstate. [f Borruwer meeh certain conditi��ns. B��rru«cr +hall haee thr right to have
<br /> ' enforcement of'thi.Security In,trument Ji.rontinucd at any time priur tu thc carlirr of: ta)S ila}•.lor�uch other period a�
<br /> Sm�lr Fam�l�--Fannk�tae•F'reddle�tac CXIFOR�11Vti7'R(�fE�7 •t'nd��mi c'��+cnam. 9,� !(�JKf�I�)A�¢���
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