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<br /> - �.°.,..�.�.,�c"`� conelcmn�itun or othc.r tnkin}�oi tmy part of tl(:�l'ra�rcti�,ar for canvcyauce in lieu of condemnation,nn hercl�y nssi�ned and _
<br /> hhnA!I�c paid ta I.cndcr.
<br /> — in tho cvent of n total tAking of thc Fhr�pc�ty,�ttw practeds shall bc applted to QtE sums securcd by this Sccurity
<br /> Ingtrumcnt,��hether ur�►ot thcn dua.with nny cxccse.�ald to 8orrower. In the cvent of n�wrtial taking of the Property in
<br /> - whlch thc fhir mukct vuluc ui'�hc Propcity iqnmcsui�t��y hefat�c the wki��g is equal to or greater than the amnunt of the sums
<br /> recured by thSa Socurity Instrument immedlqt�ly t►efM�.Ihe Inkii�g,unkss Hotrawer and l.ender othenvise agree Ia writing,
<br /> ttx; sums sccured by this Sccurity Iiissrumen{.shnl� pp �reduad by the amount of the pmceeds mu(tiplied by the following
<br /> - ----- —�' ft�tian: !o)the tatai nmoum nf tf�n»un��►Mepce�l t:nprc�liatcty is„Y'orc thc 2aklt�g,dlvtded by(6)ttt�f:►ir mt!rk�t vniae of the ,
<br /> — propeay immcd{utcly Ncfarc the taking. Mq baGt��ehap be paid tn Borrower. in the event of u pattial tal�ing of the
<br /> Ptoperty in whlch�hc fnir murket vuluc of t�.y Pmpei�y,immedintely lxfore the taking is less than the�tnount of t}►a sums
<br /> �;ecurcd immcdiutely befure the mking, unlc�� Ao��r�r:uul Lender otherwise agree in wricing or unless applFcable law
<br /> othe.rwisc pmvidcg,tt►c pracccds shult 6c npplE�d ta ihn sums sccured by this Security Insduiment whether ot not the sums a�e
<br /> then due.
<br /> _` If thc:Property is abundancd by Bormwes,ar if,�f'ter natice by Lender to Borrower that the condemnor uffers ta meke
<br /> f nn awurd or sctile o claim for dnmagcs,Ba�qyvet f.�i�s to re+pond to l.ender within 30 days aftcr the datc the notice is glven.
<br /> ;`/ Lcnckr is uuthari�Ad ro collect and apply the,pmce�s.,at its a�on.either to restoration ar repair of the Property or to the
<br /> � sums r�ecured by this SccurIty Insuument.wheAhe�or nQ1 then due.
<br /> Unless[.ender und Borrnwer atherwiso ugr�e in writing,any applicadon of proceeds to principal shnfl not exeend or
<br /> postpone thc duo d�te af thc monthly paymcnu5 refcr�cct to in p.�bmphs 1 and 2 or change the amaunt of such payments.
<br /> 11. Borrawer Nut Rele�ed; Forbeap�aace 4y Lender Not a Waiver. Extensian of the ame for paymeni or —
<br /> modlRention of nmortization of the sums secuc�ed by,if�la Security Instrument granted by Lender to nnY suc�essor in tntei+est
<br /> uf Bmrot+er yitall n����+cratc to rclensc the�iability csf the or�ginal Bomower or Bomower`s successors in intezes�L.ender
<br /> . <;,�''' �hull not be required to commence proceedItlg.s c+��'nst any successor In interest or refuse to extend time for payment or
<br /> :�.. :.... . �' othenvisc modify amortiznttan of the sums seuare,d by this Security inswment by resison of any demtutd made by the original
<br /> ..'''�;•.'' '':`"`r Burrawer nr Bamawer�succcssam in interesi. An�r,frarbearnnce by Lender in exercising any ri�1►t or remedy sha11 not be a
<br /> =;;:;�'�. . waivcr of or precludc thc eaen:isc of any right a.r mmr�Y•
<br /> .:t�..- 1Z. Succes.wrs und Asstgns Buuad;Jatnt a�d�everal LtabElity:Co-signers. The covcnants and agrce�nents of this
<br /> � '^ � Secur�ry Insuument shall bind und bertefit Iho suc�es�:ar�und assigns of l.ender end Borrawer,subject to the provistons of
<br /> . � �'��`='�''�° pa[agtaph 17. Barrower`�cavena�ts artd agreemenau shall be joint nnd several.My Bomower who co-signs this Security
<br /> f�� � �� Instrument but does not execute�he Note: (n)is co-ei�ni�g this Security[aspument only to mortga�e.grant and convey that
<br /> �.�Y:�t'.'�:t'L�;.,�•��:�.
<br /> ;;5,�•.;:�': Hormwer:s intemst in thc P�operty under the tcrms wf this Security Instcument; (b)is not personally obligated to pay the sums
<br /> F� -�';,�- � securcd by this Sccurity Inswmcnt;:�nd(cl�+�rces[fiat Lender nnd any other Somawer may ug�e co extend.modify.for6ear
<br /> ;'�'' • ' ' ar make any uccommodutions with regard tp tha terins af this Security Instrument or the Note without that Borrower�s
<br /> consent.
<br /> , ,,�; .�- - . i3. L.ri�i�hra�g�s. if tix luas�;cxusr.,��, �hi�Secs:rii; �isum�m �s u�b,�rt �o a Iaw which sets maximum loan ,
<br /> , ch�es.und thn[law is finally interpretcd w that tho Inte�est or other loan charges collected or to be coUected in connection
<br /> wlth the loan exceed the permitted limitti,then_ (a) any such loan charge shall be reduced by the amount necessary to reduce
<br /> ° the charge to the permitted limt�and tb)any sums.already collected from Borrower which exceeded permitted limits wiU be
<br /> refunded to Boirower. Lender muy choose ta makc�thi s refurtd by reductns the prirtcipal owed under the Note or by making a
<br /> di[�ect payment ro Borrower. If o refund reduc�princ ipal.the reduction will be tmated as a partial prepayment without any
<br /> ' ,� prepaymcnt char�e under the Note. —
<br /> 14. Not(ces. Any notice to Bartawer pmv+Rled for in this Security Instnuzeent shull be given by delivering it or by
<br /> �- mailln�it by first class mail unless applicable!aw�equ ires use of unother method.The nodce shall be directed to the Property
<br /> Addmss or any other uddmss Bor�mver de�ignat�y by notice to Lender. Any notice to Lender shal!be given by first class �Yt
<br /> � mail to Lender's address stated herein ar any otlur sddress Lender designates by nocice to Borrower. Any nouce provided for ___
<br /> ' in this Security Imcrument shall be dcemad to have been given to Borrower or Lender when given as pmvided in this ��_:
<br /> • :.� „ ,, paragraph. �.�.�
<br /> ,�:;, .�:.:. iS. Governing Law: Severnbility. This�cueiry Instrument shall be govemed by federal law and the Iaw of the �,_,_,
<br /> , - � �, jurisdicdon in which the Property is locuted. In thc�event ihat any provision or dause of this Security(nstrument ar the Note [_�_r
<br /> .�• conflicts with applicable law.snch conflict shul!npi af�fect other provisions of this Securiry Instrument or the Note which can __,
<br /> '., be give�effect without the confltcting provisiun. 'Ib this end the provisions of this Securiry Instrument and the Note am �.
<br /> . decl�ned to be severable. ,-�i
<br /> � � 16. Borrower's Copy. Borrower sha11 tw:given one conformed copy of t6e Note and.of this Security Instrument.
<br /> . 0 17. 71ransfer of the Property or a Bcnelicl5�1 Iraterest in Borrower. If all or any part of the Hvperty or any interest in � -
<br /> .;� : • • , it is sold or transferred tor if a beneficial interest in Borrower is sold or uansferred and Borrower is not a natural person)
<br />��� • � without Lender's•prior written conscnt,I..ender may,at iGs apaon,reqnire immediate payment in full of all sums secured by
<br /> :_��� " dtis Security Inswment. However,this option�hull nat be exemised by I..ender if exercise is prohibited by federal law r,s of
<br /> • - thr:date of this Securiry lnstrument.
<br /> � �;,�;�.•„ If I.ender exencises this option.I.endr.r shuli�iv�Boriuwer notice of acceleration. The notice shalt provide a period af
<br /> ` not less thssn 30 duys from the date the notice is Jelivered or mailed within which Borrower must p�y all sums secured by this
<br /> . ' Security [nstrument. If Borrowcr fnils to pay these wms prior to the expiration of this period, Lender may invoke any
<br /> ,� ` , ' . remedies permitted by this Sea:urity Instrument���ithout further notice or demand on Borrower.
<br /> • 18. Borrower's Risht to Reinstc�t�:� If Borrower meets certuin conditions. Borrower shall have the right co have
<br /> � �� enforcement of this Securiry Inswment discontinued ut any time prior to the earlier of: (a)5 days(or such other period as
<br /> �:t;i, ' SinQie Family••Fnnnle Meef�reddk Mac UNIFORM INSTRUI+AENT•-Unifo�m Covenants 919D /paRe 4 ojb pagesJ
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