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<br /> '� =-- .�`''�:: sand`emnation.us atlt�r sa3ang of sayr paet oF the PRupmrty.ar far caave�aace�ia lieu of coademnatioa,a�.hem,tiy nssi�ae�sad . ,
<br /> + '�}.�.. . ' shail be patd te Leader. � < . , ' � � � , , � - -
<br /> �,�'£�,`� r ^:; - in the.event oP a toial t�king o€.�tie Peuges�}+. tP� proceeds shall be npplied w thQ sums secured by tt�s Sr.sarity , _ _�_._.
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<br /> -- -���_�,���� . • InsUumen�.wheth�or not then c[ue.with�any exagss patd w$nn�ower. In We event of a Qartial taking��of t8te Pcageny in —__--__- _-
<br /> ,�u..,..,...��.. , , w f t�s h t t t e f a i r m a r k:e t W a l¢e a f t h e F r o g e r ry i m a i e d�.u e l y 6 e f o r e t h e r n l c i n S t�e q u a l t o o r'g r e a ter daan the a moinnt of the sums . � --- �—
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<br /> �� , secu�byr�tis Secatity Instatuueut immadi�mely before the taking;unle�s Bonacr•er and Leasdet.atheravise agree in�miting, , �..—
<br /> ;,,r:-:=�:�� ' _ ` the sums sesuted[ry this 5eciuity insmiment shall Fie m,th�ced by�the amauin of ihe p a o r.e e d s mWtiplied by the fu�Iowing' � `� -___--
<br /> ��"' `� ,�-t fmction;.(a)the total amouni of the sums seCUred immediatefy bxfare the taldng,divided by(b1 the fa4r m2rk�i vaiue of stte � ` •. � � �_�.—
<br /> ?� , , t.;.....: -
<br /> ' �Ptnperty-immgdfate[y befare the�taking. Any 6alance shall be paid ta$miower. In the event of a paitial ta�ting of the` < * ��� � e
<br /> �c.. _ .-��:.:s 'ProAertY.in whicb t�e fair ma�cet w�lice of t�e Fmpecty immediately 6efore,the taking.is less than th�amannt of the su� `�� r�; _-
<br /> — sec�ed'unmediately he fore t he t a�c i ng,u s dess Bortawer a n d t:e n d e r o t kerwise a g re e �n w r i t i n g ar aniess a p plic�b2e faw ' ` �'� � _
<br /> ' . � � ott�avvise pt4vides.We proceeds st�aIl be applied to t&e smns secnmd by tlus Secmity tnsWment wheiher or not the s�sms arre : ,�_=_
<br /> ;.� :: then due.. � . . _ E:� _..
<br /> �,,.,.
<br /> ' .:c � ..•' `' ` If the Pmgerty is abandoaed isy Bo�wer:or if,after aotice by Leader to Borrower that the condemnar offers to make , `>'� -��_ _-
<br /> ''� t..��`:-:.`';,';``���: ' an award'os sett[e a claun for daraages,Bomnwer fails'to ies�ond to LEnder within 30 days after the date the sotice.is givea, ,;-�°j=;,�>=r:-_ - ---
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<br /> •� ��` �f�. � Leatier is authorized w collect aad agpSy the proceeds,at iu option,either to rescoration or repair of the Property or to the '",�.- ' _ _-
<br />- '` ` sums secured by this Security Insuumen�w➢iether.or not then dae. '„�- '�---.
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<br /> x.., ..,• . . Unless Lender and Borrower otherwise agree ia writing,anY aPPlicatio�of proceeds to p;incipal shal! noi extend or - ;I� ,..�—.�.,, ._.
<br /> � � .,; postpone the due date of the moathly payments referred to in paragraPhs 1 and 2 or change the amoimt of sac6 payments. � • •
<br /> , il..Borrawer Not Reteased; Forbearance By�Lemder Noi a Waiver. Extens�on af the time farr payuient or' ^ .� -
<br /> ''•'` �' :• ,.°.•� � mo3'cfptian of amo�an of the sums secuted bp this Secualty tnstrumeat granted 6y Lender to any sucoessor in intenst , �,. � ;�=- -_=
<br /> �:,"�i .`<: of BoQOwer shall not operate to te�se the liability of the ariginat Borrower or Barrower's successois in i�ecest Lender ��--
<br /> . �• `, ` . • shall pot t�e requued w co�Yimence pmceedinSs,against any successor in interest or refuse to exteud tiwe for payment oi � ' = -
<br /> - . �" � otherwise modify amortizatian of d�ee s�s secured by this Secwiry Inswment by reason of any demaad made by the original ��r".-�-
<br /> f•;.'.`� . BmTOwer or Borrower's successozs in intecest.�A ny f o r b e a r a nce b y i.e n d e r i n e x�e r c i s i ng a n y r i g h t o r r e m e d y s 6 a d n o t b e a • .<..,.':�, " ���
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<br /> ` : ,. • $evesal ;r
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<br /> , • w�iver of or lude thc exercise of azsy right or rem
<br />- � _...��:•._...k•�:._ • IZ. Saooe oss aad A�Beaad;loint nna Liabiffty,•Cd�signera. The wve aud of this - �`"��,
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<br /> �an� a�ements
<br /> ` Secun instrument s}raU-5ui�aa3l�anefit�t ie successors aad assigns�of�L�r�aonz!-&srrawer.subjeci-to-the�pmvisions-of� ;�-�,�..
<br /> .� oh 17.Borrower�s covenants and ag�reeraents shall be joiat and several.Any Bon�ower who ca-signs this Security ,%;'J��' ryc -.`�F°=°'
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<br /> t and conve thaz '.`''• �,T;°'---
<br /> ° . �'� Insuument but does aot exeeute the Nate:. �a)is co-siSninB this.Security Insavment only to mortgage.gran Y .�; -.'..�'� :�r, ^
<br /> ...;_''.. , Borrower�s interest us the Pcopeny under the teans of this Security Insuumenx (b)is not pe�sonal[y obligated to pay tlie sums ,. `:.: _ .
<br /> ; � ��_:_.� ... ,,. .
<br /> secured by tbis Settuiry Instrumen�and(c)aP,iees that Lender aud any othet Botrower may agiee.to extend,pnodify,forbedr `' `�"� : ..�; •� �°==
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<br /> , ;.,.� ::._.'.•• . �,� -_ or enake any accoinmodatioris with regard to-th�-tenns of tfiis-Sec�uity inswment or the Note withoat-that Borrower's- . =.',
<br /> �:: consen� � .. �
<br /> _ ' • � 13. Loan Charges. I€tlie loan secured 6y this Security L�svument is subjPct to a!aw which seis maxim�n-ioan �, ..
<br /> . . . charges.and that law is fmalty intetpreted so tbat the interest or other toan chatges collected or to 6e collected in eonnectio�p ".;.'..":�:'..':�;,`'"` ` ,
<br />- - � `�.'�' , � ' .. .arith the loan exceed the permiued limits.then: (a)any.such[oan charge shal!be redueed by ihe amount necessary ta reduce . .�, : '�:=_� �� . -
<br /> .' � t�e charge to the permitted limix and(b)any ums alrea8y collected from Rormwer whic6 exceeded ermitted limiss will be :-�`'�:`'��-r--` :
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<br /> �• - . tefimded to Bormwer. Lender may c600se to make this refimd by reducing the principal awed under the Note or by ma[cing a '.';', ;�•:.',,, .,�. . � -.
<br /> .,:
<br /> • , di�ct payment to Bosiower. if a refund ieducea principal,the mduction will be treated as a partial prepayment without any ,;q��`.'. � �
<br /> � - P�PaY�►t ct�arge wcder the PIflre. ' ' , ` '"�'�;
<br /> • ` ` ' 14. Notio�s. Any notice to Borrower provided for in this Security lnswment shall be given by delivering it or by •_: '�:�,`�y'�-`"
<br /> •��`�•4 m�Tng it by first ctass ma�ianless applipble law requir+es s�se of anather method:-The�atice shall be di�ted to the Property •,�c'==.• a'�• -�
<br /> ,,,,., .'� , ��,. .�'�,. �i� ,'.;
<br /> • • Addtess or any other address 14armwer designates by notice to,Lender. My notice to Lender shall be given by first class s•
<br /> .• •f, .� �`�'`�� ' mail to Lender's adMess stated herein or any other address Lender designates by norice to Bomower. Any nouce pmvided for � . •:�` '
<br /> ;,,, �-;;. ,-
<br />- ?�, :�,.'��''� . in this Securiry Instrument shall 6e deemed to have been given to Bo�rower or Lender when given as provided in this . �•--- �
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<br /> �' • 51 ..Governing L�w; Severabllity. 'Q�is Security Instrume�it shall be.govemed by federa!!aw and the law of the .��•�•=,�i.�::�y;�+,.
<br /> ' jurisdiction in whIcb the PropeRy is tacated. In the event that any provision or clause of this Security Inswment oi the Note ' � `��• � � `
<br /> � �� ''.� �icts witb appGcable law.such conflict shall not nffect oiher provisions of this Sec�zy Inswment or the Note which can �����'`� . �• �_
<br /> ' ,. - 6e given effect without the confticting provisiori. To this end the provisions of this Security[nswment and the Note,aie ' . "�-''_ `.`� �.�,�'
<br /> •`' � declaced to be sevetabte. - ' :
<br /> t�Fr . ' , �. . I6,��umnwer's Copy. Borrower shall be given one conformed copy of the Note aiiA of this Secniity Instrumen� • ' '
<br /> , ... 17. 7Yans�er of the Property or a Beneficia!Interest in Bosro�r. If afl or any part of the Progeity or any interesi in �'�:`� � ��' ��'
<br /> �'" � • � it i;�.sold or transferreQ(or if.a 6eneficial inteiest in Bv,�itrer is sold or transfemed aqd Borrower is not a natural person) �' � ��•s,��,�`::..✓,.��
<br /> � ��,°�;::',;,�!„��,;`, ., �•' ,�ui�iiuut I.ender's prior writte�fionsent,Lender may.at a:�rsption,reyuire immediate pa}m►ent in fuU of all sums secured by • -•
<br /> �' �,^�''� ' •• ' ' �'nf�Secwity Inswment. However,this option shall not Soe exercised by Ltnder if eaercise�s prolu�bited by federal law as af
<br /> ;�:;�s`'•'�,-' : '� '��. ' '' ' the date of this Seruriry Insuvment . _ .__ _ ..,�.,. .., ..
<br /> �`�� - ' I.ert��L•.all give Borrower notice of acceteration. The nodce shall provide a period of � •
<br /> -� ��. ' If Lender eRercises this option, . :,'. .
<br /> . `.� � • not less than 30 days from the date the nbt.�a delivered or mailed within which Borrower musf pay all sums secured by this . �;�`'`..`.;.
<br /> •Securiry insuument. If Bonuwer fails to pay these su:�s priar to the eapiration of this periad.Leuder r�ay invoice any • .. `� '
<br /> .�� ' :...: '.' .• :; •.: 'semedies pemriued by this Saaaity Inswment without f�ctIier norice or demand on Boirower. ' . . •
<br /> �: ��. ; � 18. Borrower's Right to Reinstate. If Horrowe�meets certain conditions.Borrower shall have the right to have , _ -
<br /> ��; � :". . ��,,`.�;;,�; ., enforcement eF rlus Security Instrument discantinued at any time prior to the earlier of: (a)5 days(or such other period as. - "' �:"
<br /> ..,�1• ... • . �
<br /> !: . Singte Famity-6tmnle Mae/ilreddte Mac I)IVIFOIi���3 fRUMEN7--Unifortn Covenanta 9/90 (Page 4 af b pager) .
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