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<br /> c�Mdemnetlon nr�rther tak�ng of any part oF the Property,ox fcx'-c¢w►vrw+�e IO litu of•c�ridemnaUon,ure ttercby as�it,�d ancl ,
<br /> shal,l b�paid tu���der. '
<br /> fo thc avent af� Rw�l t�lcin�g oP tha Pmp�ny, thc eed� shrll be applied to the euma �tecurcd t�y this Secarity .•
<br /> Instromrnt.whether ar not ttxn Quo.with any excesa pxi ta Hotruwea. In titc evrnt of a pa�tlal trking of the Property in
<br /> whirh the f�ir mawrktt v�1ue of ofre Peupetsy lmmedI�tely bci�ore the nk1e;is eqw�l to or g�+duer tluu►tho+unaunt d the awiu
<br /> Kecured by thia Secudty Insmur�ent 3mmed�ately befor�the teictng,unless Borrower snd Lender otherwtse agree(n vrritin�.
<br /> sh�sums r,ecur�t!by dil�3scurIty Instrunicnt sha116a rcduc�d.by tkn amount of theprareeda m�.�tiplfed by thc£allc+�•aia�
<br /> fr�etion: (a)the tot�!nmount of the suma secu�d immaiirccly befau the uking.divlded by(b)the f�ir muket val:uo b�'tho
<br /> Pr�aperty immediately befaro the taktng. Any balance shull be paid to Borruwer. In the event uf a partIal takina of tAe
<br /> Prapecty in whlch the fair market vnlue of thc Property immediately before the taking is less t4an the emount of the sums
<br /> secured Immediatcly beforo the taking, urtless $ormwer and i.ender otherw[se agnce!n wrlting or unless appltcabla uw
<br /> otherwise pmvidea,trie pruceeds shnll ba applied to the sums secuced by thts Securiry Instrument wtcether or not tl�e sums ue
<br /> then due.
<br /> [f tho Prapnrty{s abandoncd by Borrowcr.or if.uftcr natice by Lender to Bortowar that the condemaor offars to make
<br /> on awurd or settle a cluim for damages,Bocmwer faila to aspond to l.ender w3thin 30 dsys after the dete the twttce le givrn.
<br /> Lender ia authoriud to collect and apply the pcocceds.at its option,either to nstaradon or repair of tha Property ot to tho
<br /> sums secured by thix Securlty Instrument,whether or not then dua.
<br /> Unless Lender end Bosrower othenvise ugree in wridng.uny applicadon of proceeds to pdnclpal shall not eatend or
<br /> postporta the due date of the monthly payments referred to in puragraphs 1 and 2 or change the amount of such paymenta.
<br /> 11. Sorrowu I�Tot ReleASed; Floebearance By Lender Not a Waiver. Bxtensioa of the time for puymont or
<br /> modiRcatton qf amartiwtion of tha�ums secured by this Securiry Insmiment granted by Lender to nny successar tn intereat
<br /> of 8orrower shsill not operute W relettse the IIabittty of the original Borrower or Bomowerk sucvessors in inteiest,Lender
<br /> shell not be requind to commence pcoceedings egainst any successor in interest or refuse to extend time for pAymEnt or
<br /> otherwise modlfy amortization of the sums secured by this SecurIty Instrument by reason of any demand mede by th@ oti$inal
<br /> Borrower or Borrowerg succes.so�s ir�iotterest. Any forbearance by Lender in exercising any right or remedy sha►l.pot be a
<br /> w�iver of or preclude the exercise of any right or cemedy. ,
<br /> t2. Successors and Assfgns Bound;Jotnt and Severut LlablUty;Co-slgnees. The covenants and agreama�ts of.this
<br /> Securlty[nstrument�halt bind and benefit the successons and aesigna of Lender and Borrower.subject to the proviaions of
<br /> paragaph 17. Borrowerg covenants nnd agmements shall be joint and severnl. Any Bormwer who co-signs ttSis Seat�riry
<br /> Instrument but does not execute the Note: (a)is casigning this 5ecurity Instrument only to mortgage,grant and convoy'iMt .
<br /> Borrowe��s interest in the Property under the tecros of this Security Insuument; (b)is not personally obligated to pay 1he sums
<br /> secured by thls SecurIty Instrument;and(c)agrees that Lender and any other Bo�rower may agree t�extend,modlf3r.forbear
<br /> or make uny uccommodatlons wlth regard to the terms of this Secudty Instrument or the Note without that Barrower�s
<br /> cnnsent.
<br /> 13. Loan Char�ea if the loan secured by thia Secudty Insuument is subject to a law which sets mauimur� loan
<br /> chorges,and that law is finally interpreted so that the intemst or other loun charges collected or to be collecteci in connection
<br /> with ttte loan exceed the permitted Iimit�.then: (u)any such loan charge shull be reduced by the amount necessary to�educe
<br /> the charge to the permitted limtt;and(b)flny sums ulready collected from Horrower which exceeded permitted Gmits wiil be
<br /> refunded to Borrower. [.ender may choose to make this refund by redueing the princtpnl owed undor the Note ar by making a
<br /> dimct payment to Bonrower. If a refund redaces principul,the reducdon wIll be treated as a partial prapayment without i+ny
<br /> prepayment charge under the Nate.
<br /> 14. Nottces. Any notico to Borrower provided far in thIs Seourity Instrument shall be glven by delivering it or by
<br /> mtiUin�it by t'irat class mnil unless appltcnble law requices use of another mothod.The notice shall be directed to the Propecty
<br /> Address or any other address Borrower designates by nodce to Lender. My noiice to Lender shall be given by first class
<br /> mail to Lender�s Adde�esa stated heretn or ar►y other address L.ender designates by notice to Borrower. My nodce provided for
<br /> tn this Securiry Instcument shall be deemed to huve been given to Borrower or Lettder when given as provided in this
<br /> P��Ph.
<br /> 1S. Governing Luw; Severttbllity. This Security Instrvment shall be governed by federnl luw und the!aw of tha
<br /> jurisdicdon in whiah the Property is locuted. In tha event that any provtsion or clause of thjs Security Instrument or the Note
<br /> conflFcts with applicttble law.such conflict shall not uffect other provistons of this Security Instrument ot the Note wh(ch can _
<br /> be glven effect without the conflicting proviston. 'Ib thls end the provistons of this Security Insnument and the Note are
<br /> decla�ed to be sevemble. ".�
<br /> � °� l�d. Borrower's Copy. Borrower shall be given one conformed copy of the Note nnd of this Securiry Instrument. .,';.
<br /> �:R�;�7�_, 17. 'lMasfer of the Property or a Beneiicial Interest in Borrower. If:ill or any part of thc Property or uny interest In
<br /> �,�t�-t,�.• It is Eold or transferred(or if a beneficial interest in Borrower is sold or trsnsferred:ind Borrower is not a natural person) ;'"
<br /> �=rS�* without Lender�s prior written consent,Lender may,at its optton,require immediate payment in full of all sums secured by
<br /> =������' this Securlty Instrument. However.this option shall not be exereised by Lender if exercise is pnoh[bited by federul Inw s�s of
<br /> ;''?;rY��:.'. the date of this Security InstrumenG �
<br /> ""'" �'' ' If Lender exercises this opdon.Lender shnll�ive Boirower notice of ucceteration. The norice shull provide a period of
<br /> ��h�':�?�:.r .
<br /> ,, .,•...:. nat Iess thsin 30 dnys from the dnte the notice is delivered or mailed wtthin which Borrower must pay oll sums secured by thls
<br /> _�=ri�;�';t Security InstrumenG If Borrower fuils to pay these sums prlor to the expirndon of this period. Lender may invokrs wty
<br /> „e.,r±`', _.:,-.. ' • remedies permitted by this Security Instrument without further notIce or demnnd on Borrower.
<br /> ^r,.�,-�';: ' 18. Borrower's Right to Reinstete. If Borrower meets certain conditions, Aorrower shall have the righs to have
<br /> :""� ' � � `"' enforcement of this 5ecuri insnument discontinued at an time nor to the eudier of: (u)5 da s(or such other od as
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<br /> �t W: � ' " Single Family—FLtroie Mat/FYeddte Mac IINIFQRM iNSTRLMENT••Unifomi Coven:mts 9/90 (pagt 4 oJ6 pag�s)
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