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<br /> ccH�demnntIan or other taf:ing of any part oF dic Property,or for�anvcyancc in Il�u af candemnation,�.�arc tcteby a.r•nianed at�d
<br /> .-'�°"'�"`.."�=�",.� sh:Al hc pAid tu Lcnde�. ----
<br /> Ia tt►v ever►¢ aP u tuta� taking af th� Fro�en�►, the proceeds �halt be a{��licd tu tlxo swns secur�d by t6is Security
<br /> G�suument,whether ar nnt then duo.wIth any excess paid td Borrower. In th�:event of a part[ai taking of the Ftoperty in
<br /> which the,fa{r market value uf�he Property immediRtely beforc t�o tak�ng is equal tu or gneater than[be amount of�he sums
<br /> Recurcd by�I►is Secudtp Instrument immediately ixforc thc tuking,unless Born►we�and[.ender othcrwfae ag�e in wricin�,
<br /> the sums�sa:urcd by,thig Sccudty Instrument shali be �durcd by the amount oP t1►e proceeds multipUed by the fallowing
<br /> fraction: In)the totnl umount oC the sums secured irnmedI�tely before the taking,divid:d by(b)the fair rnaticet vnlue af the
<br /> Property immedlately before the taking. A.ny balance ehall be p�id to Borrnwer. In tAe event of a partiai taking of the '
<br /> pmperty in wRich the fnir murket value��f the Ftoperty immediately before thc taking is lcw9 tha��the cunount of the sums
<br /> �ccur�ed immediately Nefote ti�e taking, unless Horrower and Lcnder othtrwls� agrce in writtng or unless uppllcable law
<br /> otherwise provld�.the procee�s shali be applied to tha sums securcd by thia Secudty Inswment�vhether or nnt the sams nre
<br /> ..: — then dua.
<br />----- — If the Proparty is abandoned by Bo�mwer.or if.after natice by Lender to Ba�rower that the conde�nnor offers to mnkc
<br />— a�n�wuJd oT�ettle n cl�im for clamnges.Borrower fuils to respond to L,ender wlthin 30 days nfter the date tha nodce is glven,
<br /> = Lender is authoriud to collect und apply the praceeds.at ics optIon.eithee to restorntion or rep�ir of t{ie Property or to the
<br /> �.� sums�secumA by this 3ccurity Instrument,whether or n�t then due.
<br />,;;
<br /> :�: Unless I.ender and Borrawer otherwIse agree in wtlting,any npplication of proceeds to principa! shall not exten or
<br /> r��,� postpone the due date of the monthly paymenta ref�rred to in pac�grnphs 1 and 2 or chunge the amouat of such payments.
<br /> 11. &►rrnwer Not Relen.ged; FbrbeArance By Leader Not a VYsiver. Extension of the dme for payment or
<br />;-� modificntlan of umoctizutIon of the sums secured by this Secur�ty Insuument granted by L.ender to any saaessar in interest
<br /> of Bor[ower shuU not operate ta release the tiabillty of Ihe orisinul Bc�rrower ox Horrower's successors in irnteres� Lenekr
<br /> suuli not be requtred to commenco prorccdings agalnst any successor in interest or refuss to extend time for payment or -_ _
<br /> - otherwise madify nmortizadon of the sums secured by this Secudry Instrument by mASOn of uny demand made by the ori inal
<br /> - Borrower or Borrower's successors in interest. Any forbearance by Lender in exerctsing any ngltt or remedy shall not�A
<br /> waiverof or preclude the exercise of cury right or remedy. --
<br /> 32. Successors�nd Assigns Bamd;Joint and Severa!Llabflity;Co-sigaera The covenants and agreements of�s
<br /> - Securlty Insdument shall bimd and benefit the successors and Assigns of Lender and Bomuwer,subject to the pmvlsions of
<br />' ;; pssra�raph 17.Borrower's covenants and agreements shaU be joint nnd severnl. My Borrower who co-sigrts thia Securiry
<br /> Inst�umeat but dces not execute the Note: (n)is co-stgning this Sec�uiry Insuument only ta mo�t�age,grant and convey thut
<br />_ $otrower's interest in the Property under the tcrms of this Security Inswment; (b)is rtot personnlly obligated to pay the sums
<br />_,,. secuied by this Security Instn�ment;uRd(c)ugm,�s that Lender and any ather Borrower may agree to extend,modify.forbear
<br /> I� or ms�ke Any uccommodndons with re�nrd to the terms uf this Securiry Instrument or the Note without thut BoRVwet� __
<br /> " i consen�
<br />.� 13. I.�stn Charges. If the loan secured by this SPCUrity Inswment is subject to a law which sets ma�cimum loan
<br /> - ' charges,and that law is finally interprete0 so thnt the interest or ather laan chnrses coj�ecced ar to be coitaiui i�i cvit�eticr�
<br /> ° � ' whh the laan exceed the permitted limiu.then: (a)any such loan ch�e shall be reduced by the amount necessary to reduce
<br /> . the charge to the permitted limit;and(b)nny sums already collected frorn Bomower which exceeded pemnitted limits wiil be
<br /> '� nefunded to Borrower. Lender mny choose to mctke this refund by reducing the principal owed under the Note or by making n
<br /> ------- - direct payment to Borrower. If a refund itduces principal. the reducdon will be treated as u partial prepayment without uny
<br />_ prepayment charge under the Note. - -_
<br /> 14. Notices. Any notice to Borrower pmvided for in this Security Instrument shuU be gtven by delivering it or by --
<br /> mniling it by first class maU unless applicuble la�vi cequires use of another method.The notice shuU be dicected to the Prop�rty
<br /> -
<br /> Address or any other uddress Bomower desi�natee by nadce to I.ender. My not�ce to Lender shnil be �iven by trst class —
<br /> ates b notice to Borrower. An notice rovide�for �
<br />_ matl w L.ender�addcess stnted heteia or su�y other uddmss Lender des�gn y y p
<br /> _� In this Security Instrument shall be deemed to have been given to Bortower or Lender when given as provided In this _.-
<br /> .:�- P�&sPh• �;.
<br /> :.- iS. Coverning Law: Severability. 'I9iis Securiry Inswment shall be�overrted by federal luw and the luw of the ...:_
<br />- jurisdict�on in which the Property is located. In the event that any pmvision or ctause of this Security Insuument or the No�e �;•,:�-
<br />_w, conflicts with uppilcable law,such conflict shnll not aft'ea other provisions of this Security Instrument or the Note which can �=���
<br /> � be glven effect wlthout the conflicting provision. To this end the provisions oY this Security Instrument und the Note are _ �
<br />-� dectared to be severabte. ::�-:
<br /> � 16. Bornu�ver's Copy. Borrower shatl be given one confornied copy of the Note�nd of this Security Inswment. �.r�?
<br /> "' 17. 'llransfe�oi the Property or a Beneficial Interest in Borrower. If all or a�y part of the Property or any intcrest in ��•-
<br /> � it is sold or trensfemed(or if a beneflcial interest in Bomower is sold or transferred and Botrawer is not n naturnl person) -••w�•
<br /> --_" without Lender's prior wdtten consen�L.�nder may.ut its opti�n,require irnmediate payment in futl of all sums secumd by �`'��t:
<br /> •k_ - this Security Inswment. However.this option shall not be exercised hy Lender if exenise is prohibited by federal law�.s of �-:•
<br /> '�' I �„ the date of thls Serudry Instnunen� '
<br /> � ^°� If Lender exe�cises this option,Lender shall give Boirower nouce of acceleration. The notice shail pmvide a period of •
<br /> � not less than 30 days from the date the nodce is delivered or mailed within which Bomower must pay all sums secured by this �
<br /> '•'' Security InsMiment If Bosower fails to pay these sums prior to the expiration of this periad, I.ender may invoke any
<br /> - , remedies pem�IUed by this 5ecurity Inswment without further nodce or demand on Borrower.
<br /> . 1& Borrower's Right to Reinstata If Borrower meets certain conditions, Borrower shall huve the right to have
<br />_ �� enfor+�ement of this Securiry Insttument discontinucd at any dme prior to tl�e earlier of: (u)S days(or such other period as
<br /> ` Single Fumfly—Fannk MadFlrtddk Mpc i1NiFORM�NSTRIJMENT-•Unifwm Covenunm 9/90 fpoge 4 oj6 pagesl
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