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<br /> ���==_°=�:.�n� condcmrtation rir othcr to[cing of cu�y pnrt of the Property,or far convcyance in lieu of cond�rrul�Gnn,arc hcr�by ns�lgned xnd
<br /> ---�:�`;;, . ;'� shAll be p�id to l.ender. -=---__-__-_
<br /> =�=.�r±�ir-� [n the cvent of u tatnl utking of the Property. thc praceeds ehnll be upplied ro the sume xecured by this Scxurlty
<br /> ';=�.�r:,�;;"y`. Instrument.whether ot.npt then due,wRh any excess paid ta Bormwer. In t1{A event of a partiul taking of th� Ptoperty in --
<br /> :::.�.��r�."'�:..n.� whlch thc fuir market valua of the Property lmmedintely bcfosc the tukinB ia cyunl_to ar gmutcr than tha amaunt of the sams =_�
<br /> ; � secured by this Secudty Instrument!rt►mcdintely befom the tnkinB,unlas�Barn►wer und Lertder othentiise nII�ee in wrlting, �,���-_----
<br /> ```1y�='� "` ' tha sum8 secured b this SecurS Inspument shull be reduced b tho amaunt.of th� roceeda muUi Ited b tho foitpwin ---�-�-
<br /> �.wn�:,...a,. Y tY Y P P Y g -- -
<br /> - fraation: (u)the tatal amoun►of the sumr�secured immedlutely befom the tukinp,divIded by(b)the fuir market vafua of the --;��,zC:=-_
<br /> .: . _ 1'roperty immediately before the taking. My b�lance shnll be paid tu B��rrv�ver. in tite event uf a pcutiul tukin�of ihc �"'"_---==-= - �`�-
<br /> ._ � . Property in which the fuir mnrket v�lue of the Propeny immedintely before tha tnking is le�.c than tho amAUnt of the sums �'-"=�'"""-^
<br /> _ . . .:�;�_, -:�-
<br /> � secuted lmmedintely before the taking, unless Boirower und [.ender atherwifa ugr�e in wrfting or unle�sss upplicuble low ��''�" __- -
<br /> othenvIse mvides.the mceeds shull be u lied ro the xuma secuced b this Secud Insuument whether or rtot the sums ure ��
<br /> , P P PP Y tY �;t°:!`'_'.�;:,,,"��_
<br /> • thsn due. - - -;,:�:-,r.
<br /> If the Property is ubnndoned by Borrower.ar if.after natice by Lender ta Borrower thnt the condemnor offers to make •°`''-,iF`�,.__._
<br /> • an award or seule n ciaim far dmm�ges,Borrower fails to respand to l.endar wjthin 3Q days nfter the date the notice is givcn, • - `'�`��-
<br /> . �.."�°`r•:�.�-��,--
<br /> Lendar iF authorized tA coUect autd apply the prc�c0eds,at its optian.eitfiec to restomtion or repuir of the Property or to ilte =_ __
<br /> sums secw+ed by this Seaurity Instrument,whether or noi then duo. !."�_ '-=_=�--
<br /> „`.�'�"'�:-'�='�__'
<br /> Unless Lender and Barrower othenvise pgree in wr3ting,any applicution of pmcoeda ta principal shaU not extend or ,."-..-.--�
<br /> postponn the due date of the monthly paymcnts refemed to in puragraphs I and 2 or change ths ut►taunt�f such paymenu. =�'-��
<br /> 11. Borrower Not Released; Flurbeurance By Lertde� Not a Waiver. Extensian of the timc for payment or �•����,���
<br /> ' modificatlon of amortization of the sums secured by this Security Inswment granted by I.ender to any successor in imerest .. = --�-._.
<br /> �, of Bomower shall not operate to release the liability of the original Bormtiver or Borrower's successons in interesG I.ender . �"��
<br /> ,, shall not be�equired to comme.nce proceedings ngninst any successor in intarest or refuse to extend time for payment or - ° -n_—
<br /> oihen::�;.:.sodify amortization of the sums secured by this Security Insttument by rsason of any demand made by the originnl • � ---
<br /> � �' Bormwer or Bornowerk successorF in interest. M forbeamace b Lender in�exeroisin an ri ht or remed shall not be a �'�`��`��
<br /> ��� Y Y � Y � Y +�;;��--_
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<br /> . wa;ver of or preclude the exerrise of any right or remedy. �---_
<br /> _ 12. Successors and Assigns Bouad;Joint and Several LiabNityt Casjgnars. Tha covenants and a�neemen�c of this ' � ����
<br /> , , Securiry Instrument shnll bind and benefit the successots and assigns of Lender and Borrower,subject to the provisions of - �
<br /> parngraph 17. Borrower's covenants and agreements shall be joint and s�veral,Any Borrower wha co•signs this Securiry , , ���-
<br /> Insuument but does not execute the Note: (a)is casigning this Securiry Instrument or�ty to mortgage,grartt and convey that , -n __
<br /> Borro�ver's inta�st in the Property u�der the terms of this Security Inswmenr, (b)is not personally obligated to pay the sums •
<br /> ' secur�d by�this Security instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify,foifiear �'��+
<br /> or make any ac:commodations with regard to the terms of this Security Insttument or the Note without that Bottower�s .•. � ;�,��'"�
<br /> - • consent. - -
<br /> • 13. I.oan Charges. If the loan secured by this Securiry Inst►ument is subject to a Iaw which sets maximum loan '
<br /> : .,.•-_--. -° rtsarg�,and thst!s:v i;:faa!!,intecprete��th::t ths intese:t ar oth:rinr,n�Il�r:S Z4lICCI�4T t�b�M��£Ct�!!t C�Ilprcti�n , �+�,-
<br /> ,;„� with the loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce ,'�-�ML.:-a
<br /> � , , the charge to the permitted limit;and(b)any sums almady collected from Borrower which exceeded permitted limits will be " "�'�--='�
<br /> , refunded to Bormwer. Lender may choose to make this refund by reducing the principal owed under the Note or by muking a .�'�'
<br /> :�'+, � direct payment to Botrowe�. If a refund mduces principal,the reduction will be treated as a partial prepay+nent without any ' —
<br /> , prepayment charge under the Note. � ���i -
<br /> �..�:f 14. Notices. Any notice tn Borrower provided for in this Security Instrument Shall be given by delivering it or by ' . �..��
<br /> mailing it by tirst class mail unle�s applicahle luw requires uxe of another method.The notice shap be directed to the Property '^�
<br /> , �
<br /> Address or any other address Borrower designates by notice to Lender. Any twtice to Lender shaU be given by first class � '��._
<br /> mail ro I.ender's address stated herein or any other address Lender designates by notice to Borrowec. Any notice provided for ``���
<br /> _ in this Security Instrument shall be decmed to have been €iven to Borrower or Lender when given as provided in this • i ��
<br /> ; paragraph. jy�
<br /> � �' ,. I5. Governing Law; Severabiltty. This Securiry Instrument shall be govemed by federal law and the law of the �
<br /> r'- •' jutisdiction in which the Property is located. ln the event that any provixion or clause of this Security Instrument or the Note
<br /> �'' •(7��;=:..�' conflicts with applicable law,such conflict shall not affect other provisi<ms of this Security instrument or the Note which can �
<br /> 4'i�' ' ..•l':�' � ,
<br /> be given effect without the conflicting provi+ion. To this end the provisions of this Security Instrument and the Note are
<br /> i ' declazed to 6e severable. ;',;, • «
<br /> , Il6. BorroweP's Copy. Barmwe:shall�g����n.�conformed copy of the Note and of this Security Instrument. ,j;_ "
<br /> , 17. 'Ilransfer of the Property or a$eneficiat Iriterest in Borrower. If eli or any part of the Propeny or any interest in , , •�
<br /> • .,..i it is sold or tranxferred(or if a beneficia! intere.t in Borrowec is sold or transferred and Borrower is no[a natural person) ;1��';
<br /> ��,. .
<br /> �;S�t;; , without Lender's prior written coment,Lendcr muy,at it�option,reyuire immediate payment in full of a11.r•ums secumd by h;",7„
<br /> , '�'`�",` this Security instrument. However,this option shall not be exerritied by Lendee if exerci�e is prohibited by federal law ai of ' `
<br /> .. the date of this Security In�trument.
<br /> . If Lender exercises this uption.Lender shall give Borrower natire of acreleration. The notice shall provide a period of
<br /> not less than 30 days from the dute the notice is delivercd or mailed within whirh Burrower must pay all sums secured by this �t'�....
<br /> ,;.ti,.•.
<br /> :i��`��, Security Instrument. If Borrower fail+ to puy the+e �ums prior to the expiration of this period, Lender may invoke any ���'��.
<br /> �'�'` , remedies pem�itted by this Security dnstrument without further notice or demand on 8oirower. �
<br /> 18. Bomowe�'s Right to Reinstate. If Bormwer mret�certain conditions, Borrnwer xhall have the right to have
<br /> enforcement of this Security Inxtrument diuontinued at any time prior tu the zadier ofl (u)S days(or such other period as
<br /> Singlc F.unil.-•Fannk�tue/Freddie lfac 1'ti1F'OR�1 11tiTRl'�1F.XT•-l:mturtn Co�rnrnt+ 9,40 ��wgr a�j n�,rKr.0 j
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