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<br /> candcmnatin»�r othex tolJng t�}any punt of the I'1►trpcny,or for convcya��cn in lleu of ctx9demnation,t++c hertby a�xlLt�ed end
<br /> shwll be patd to L.endet '
<br /> In thc event of e taul tefcing uP tfic �'ropeny� tt�e procccda�h�l�bC W�gliai to �ho ru"u °e�u�rd by tfii� Security. .,
<br /> 1riAtnunent. whether or not then due,with u�y ex_ceis paid to 8arowar. 'Gi tlEe event af M parti4l u�icin� of tl�PrapertY tn
<br /> wl�kh the fe�ir muicet v�lue aP the Propscty immaN�tely befon the t�kin�Is equal to oi��e Ihwn the amowx d'�F�e eurr�
<br /> r.ecur�d by this Secur�ty Lnstrument immcdiatet�r beforc the tAking,unkss Harrowcr u�d 1.G++der c,tficrwi�o��rea in wri�i�i�
<br /> the eums sG+cured by this Socur�ty Instrument sh�lt ba reduced by the amount ctf ti�e pr�x�oe�ls ruul►i�1k:�I Ly�t::,i+:1Gr�L��
<br /> fi�ct�on: �a)the tatal airKwnt af the Rums sucurod immediately beforo the taking.divided by(b)the f�ir cn�rket vdun af t!w
<br /> Prope�ty immedi�tely before thc tAking. Aay b�l�nce shaU ba paid to Bormwer. In thc'evrnt ai R pattid Wcini aF che
<br /> Rnperty in wh�ch the fAir mazket v�lue of the[�operty Im�riediat�ly befare the talc�ng is less ttun tlk Rmotult of tha aum� ,
<br /> secured immediatcly befnro tl�c talctng,unles.r Boaower und I.cndar otherwise egrce in wdting oc�untess applk�b{e law •
<br /> otherwtse provf des.the praceeds shall be applied to the sums secund by this Securlty Tnstrument whether or itot the sum�are
<br /> then dua.
<br /> �f che Property ls abandcx�ed by 6orrower.or If.after notice by Lender to Borrower that the condemnw�offe�s to r�uka
<br /> nn award or settie u clutm for damages.8amci�vxr f�ils to respond to l.ender within 30 duys after ttrs dacs thc poticr,is Ltiven.
<br /> Lender is autharized to collecx nnd apply ths�oceeds.at its option.eitiier�to restoiadon or ncpatr of thc Property or to the
<br /> sums secuned by this Securlty Instrument,wh�3ier or rtot then due. .
<br /> Uniess Lender und Horc+ower ot0ienvl�e agree la wrlting,nnY nPPUcauon of proceeds to principai shall not excepd or
<br /> .�raspsnncs the due date of the m�t2cty paymenu reftmed to in paregraphs 1 and 2 or chnago the amount of such puymtius.
<br /> �l. �orrower Not Rekasedi Fa��a B3' �� Not a Watver. Extonston of tt►e time for payment ar
<br /> riiodiftcatton af amartization of the sucns secured by tttls Secnrity in.atruraent granted by Lender to eny sucasso�in tincaes►
<br /> of Borrower ahaA not aperate to release the liabiUty of the originai Botrower or Bon»wer�sucassors in Intues�Leao�er
<br /> shall not be�equired to commence praceedings against nny successor in intem,s:or refuse to extend time for payment�x
<br /> otherwi�e madify nmortizudon of the sums secur�d by this Security Insmiment by reason of any demand made by the odgInal
<br /> dorrower ar Borrowerh successois in interest Any forbearance by Lender in exercising any nght or remedy shall not be a
<br /> waiv�r of or p�+eclude the exec+cise of any right or cemedy.
<br /> 12. Successors and Asslgns Bound;Jotnt aad 5everal LtaDility;Castgners. 79ie covenants ond ap�eements of this
<br /> Securiry Instiume�►t shall bind and benefit the successors and assigns of Lender and Borrower.subject to the pmvisions of
<br /> ppragraph 1T. Bomower's wvenante und up�eements shall be joint and several,My Bomower who co-signs this Se�urity
<br /> Inst�ument but dces not exexute t�e Note: (a)Is casign�ng thia Security Instmment only to mortgage.grunt and convey that
<br /> Botrower�s interest in the Property under the terms of this Securiry Instru►'tienr, (b)is not personally abligated ta pay the suras
<br /> secured by this Securtty Insdument;and(c)agrees that Lender and any other Borrower may agee to extend,modify,foibear
<br /> 4 or make nny�tccommodntions with cegnt�d to the terms of this Security Instrument oc the Note without that Borrower�s
<br /> consen�
<br /> '� 13. L.onn Chae�es. If the laan secuced by this Securiry Insmtment is subject to u law tvhich seus muximum loan
<br /> .�, charses.nrtd that!aw is finally interpneted so that the interest or other loan charges collected or to 6e wllected in connecdon
<br /> ;� �'��:, ��4���r�; with the loan exceed the permdtted itmitx then: (u)any such lom►charge shall be reduced by the amount necessary to reduce
<br /> ��.�"'►���'cSA. the charge w the permiued limt�und(b?�y sums alc�eudy collected from Bomower.which exceeded permitted.�imits wW be
<br /> °�`"!��°�^�'^'�� cefunded co Borrower. Lender may choose to make this refund by reduoit►g the principal owed under the Note orby mnking n
<br /> ����!+Y.•.��tKY�: direct payr�eax co Borrower. If u refund i+educes principal,the reductian�wiU be treated as a paitial pmpayment wrthout uay.
<br /> ,y,�..�r;,+�,:;; prepayment ciaarge under the Note.
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<br /> ��,� i.��.•„s:_.-:•;�,:;:; 14. NoNcPs. My notice to Butrawer provided for in this Security Inswment shall be given by deUvering it or by
<br /> w�+5�,�:�K,�,�.�»�..;.a mniling it by fitst class matl unless applicable law requires use of another methud.The not�ce chall he directed to the Prope�ty
<br /> �•����•����°•:°��'•�?�^�� ' Address or any other address Borrower designates by notice to Lender. Any nadce to I.ender shall 6e given by first class
<br /> :�`��+��'������,�'r,°:'�'� • mnil to Lender's address stated herein or eny other addmss L.ender designates by notice to Boirower. Any nodce provIded for
<br /> � t�;!'���'' �` [n this Security Inswment shall be deemed to have been �iven to Borrower or Lendcr when gtven as provided tn this
<br /> ►�� �iYa�h�.���i+ Pamb*raPh. .
<br /> � '*'�•i�r�^��y 1S. Goveening I.aw; 5everabiltty. This Security Instrument shall be go��erned by fedaral law and the luw of the
<br /> ''��.*+;�ps►�-��.�r� judsdlction in which the Property is lacuted. In the event that any provision or clause of this Securiry Insttument or the Note ,.,
<br /> '•%�'?� ;ira�, conflicts wilh applicable law.such conflict shall not affcset other provisions of this Security Instrument or the Note which can
<br /> �`�`�` "�' �"°�.`��, be given effect wtthout the conflicting ptovision. To this end the provisions of this Security Instrument und the Note ttre
<br /> �"'}T"��'"` " � de�tared to be severnble.
<br /> ;;;:- , 16. Borrower's Copy. Borrower shull be given one conformed copy of the Note and of this Security Instn�men�
<br /> 17. 'Iiranster of the Praperty or a Henef cial Interest[n Borrower. If alt or any part of the Property or any intcrest in
<br /> '•��"-' �1 it is sold or transferred(or iF a beneficial interest in 9orrower is sold os transfe�red and Bornower is not a natural person) _
<br /> 't without Lender�prior written consent,Lender may,at its option.require immedinu payment in full of all sums secured by {�
<br /> ��,. this Sesurity Insnument. However,this apdon shall not be exercised by Lender if exercise is prohibited by federal law as of .�-�•
<br /> i the dstte of th[s Security Instrument ;,�p�
<br /> ��'°"��r If Lender exe�ises this oprion,Lender shall�ive Borrower notice of ucceleration. The�once shutl pmvtde u period of ,;,�.
<br /> � i not less than 30 days from the date the nottce is delivered or mailed within which Bomower must pay all sums secured by this
<br /> r�:��,�'.' . � . Security Insvument If Bartower fails to pay these sums prior to thc expiration of this period,Lender may invoke any
<br /> �f-;° remedies permitted by this Security Insuument without further notice or demand on Bo:rower.
<br /> •�'� 18. Borrower's Rfght to Retnstate. If Borrower meets cectain conditions, Borrower shull have the right to have
<br /> . , enforcement oF this Security Instrument discontinued at any tima prior to the earlier of: ta)5 days(or such other period as t'
<br /> ; 7�.„ , • ' Single Fnmily--Fbnnh MedFbeddte Mnc UMFORM lNSTRUMBNT•-Uniform Covmnnu 9/90 (/xrRe 4 nj6 paRtJ)
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