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<br /> condemnatiot►or other tuking of any part of the Froperiy.orfurconveyunce i�i lieu of condemnation.um hercby nsslgned and
<br /> shull ho�id ta Lerder.
<br /> IIn the event of u t�tnl tokIng of the I'caperty.tl�e proceEds shatl be applied to uhe xums r,ecured L+y this Sccurity
<br /> it�suument.whether ar ttal then duc.with nny oxcesa paid to Barrov+�er. In thc evcnt of a pwtia!taking o�thc Pzoperty in
<br /> whlch thv fair matket vaiuo of the i�rapeity immedletely befon the taking Is equai to or ge+eenter than the amaunt af the sums
<br /> �ecurcd�qy�ii(s�ecncity Instru�ncas Immediatcly before the takin�,unless Borrower nnd f.ender othcrwise ugrec in wricing.
<br /> the sums secured by this Serutity lnsdument shUll be redeced by the tunount of the proceeds muldplicd by the foliowtng
<br /> fractian: (a)the Wtal umount of the sums secured immediatePy befoie the taking,divided by(b)the fn�r market value of the
<br /> prapezty immediately before the wkinS• AnY bttlance $��1 be patd to Bomower. In the event of a partaal tnking of the
<br /> property in which the fair mrulcet vulne of tho Property �mmediately before the tnking is tess than the nmount oP the sums
<br /> secured tmmedlately tiefore the wking. anless Boirower and l.ender oiherwise agree in writing or unless npplicable law
<br /> othetwise pmvides,the proceeds sha1�Ue eppUed to the sums saured Dy this Security Instrument whether or not the suma ure
<br /> then due.
<br /> U the properiy is nb�doned by Borrower.or lf.aRer nodce by Lender to Borrower that the condemnor offers tu make
<br /> �n nward or settle a claim for damages.Bomawer fails to respond to Lender within 30 days s�tter the dnte the nottce is�iven,
<br /> Lender is authorized to coUect and apply the proceeds.at its oPtion.elther to reswration or rcpulr of the Property or to the
<br /> sums secumd by this Security Instrumen�whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing,sny application of proceecis to prLcetpal shall not extend or
<br /> postpone the due date of the montdly payments ceferred to in pamgraphs 1 and 2 or change the umount of such puyments.
<br /> 11. Bormwer Not Released; Forbearance Ny ll,ender Not a �Yaiver. Extension of the t�mo for payment or
<br /> modificadon of cimortizatIon of the sums secured by this Secwity Uistrumznt Sranted by Lender to eny succcssar In intenest
<br /> of Bwrower sh�,tl aot operate to release the UabiUry of the original Borrower or Borrower�successors in interest.l.ender
<br /> shaU nat be�eqa'_�r�sd to commence proceedings aSainst anY successor in intec+est or refuse w extend qme fnr paycnent or
<br /> othenytse inodify nmortizadon of the sums secured by this Security Instrument by reasan of any demand made by the or�ginal
<br /> Bomawer or Boxrower!s suecessors in interest. Any forbearance by Lertder tn exercising any right or remedy sho11 not be a
<br /> wniver of or prerlude the exe�ris�e of any right or remedy.
<br /> lE. Suoces�'s snd Assigos Bourtd;Joint and Several Ljablltty;Co-signers. The covenants and a�eemenu of this
<br /> Security Instrur.a�Yc shall bind and benefit the successors and asslgns of Lender and Borrower,subject to the provIs[ons of
<br /> paragraph 17. Horrowcr`s cavenanis and agreements shall be joint and several.Any Borrower who casigns this Security
<br /> Insuument 6ut does not execuxe ahe Note: (ay is co-signing Cbis Security Insmiment only to mortgage,grar+t and convey that
<br /> Borrower�s iaterest in the Propceay under the terms of this Security Instrument; (b)is not nersonally obligated to pAy the sums
<br /> secured by this Security Inst�ument;and(c)ogrees that Lender and any o[her Borrower may agree to extend,modify,forbear
<br /> . ar sss�lce sny �nm^�tpn�"�+i���d tn tfie terms of thts Securiry instrument or t[tc Note without that Borrower's
<br /> ��� consenL •
<br /> 13� I,oun Clwrges. If the loan secured bY this Secudty Instrument is subject to a law which sets maximum loan
<br /> ��g�s,and that�n�y is fu�ally interyreted so that the interest or other loun charges collected or t�be collected in connection
<br /> w[th the loan exceed the pern►itted limits,then: (s)any stxia loan charge shstll be reduced by the amount neceasary to reduce
<br /> thc charge to thc pennIYted limi�und(b)any sums already coUected from Borrower which exceeded pernutted limits will be
<br /> refunded to Bonower. Lcnder may choose to make this retund by reducing the princIpal owed under the Note or by making n
<br /> dinct paymeat to Borrower. If a refund redueex princIpal,the reductIon wiU be tmuted as a pmtint pmpay ment wlthout any
<br /> prepayment charge under thrs Note.
<br /> 14. Notices. Any notice to Borrower provlded for in this Security Instrument shall be given by delivering it ar by ,�� �
<br /> • maUin�it by f�rst cluss mail unless appUcable iaw requir::s use of another method.The notice shall be directed to the Properry �,�,,
<br /> Adds+ess or any other address Borrower designates by no6ce to I.ender. Any notice to Lender shall be given by first class
<br /> muii tu Lender's uddress stated heretn or any other address Lender designates by nodce to Borrower. Any nodce provtded for �
<br /> in this gecurity InswmenE shall be deemed to have been given to Borrower or Lender when Stven as provlded in this �:.
<br /> P�B�Ph•
<br /> 15. Goveruing Law: SeverebilTty. 'il�is Security[nsuument shall be govemed by federai luw nnd the law of the .
<br /> ji:risdiction in which the Properey is located. In the event tfiat any provision or clause of this Securiry Instrument or the Note
<br /> conflicts with a�+licable law.such coaflict shall not affect other provisions of this Securiry Insnument or the Note which can
<br /> be glven effecc tvithout the conflicting pinvislon. 7b this end tha pmvisions of this Security Instrument and the Note ure �;,_.
<br /> declared tn be severable.
<br /> 16. BorQOwer's Copy. Borrower shalt be given one conformed copy of the Note and of thia Security lnstn�men�
<br /> 17. 7Fansfer ot t6e 1'rop�rtY ar a Beneticial Interes!In Borrower. If ull or uny�art uf the Property or nny interest in ��;.�
<br /> it is said or transferred(or if a benefictal interest In Bortower ia sold or aansfcrred and Borrower is rtot a natural person)
<br /> w[thout Lender�s prior written consen�Lender may,at its opdon,requtre immediute payment in full of atl sums secured by •
<br /> this Security Instrumen� However.this option shall not be exercised by Lender if exerclse is prohibited by federal law as of
<br /> the date of this Security Inwwment
<br /> If Lender exercises this option.Lender ahall�lve Borrower notice of accelerntion. The notice shall provide a period of
<br /> not less than 30 days from the date the notice is deliveredo�r mniled within which Borrower must pay all sums secured by this ,
<br /> • Security Insttument. If Botrower fails to puy the�e sums prior to the expirntion of this period.Lende�may invoke eny
<br /> remedies pemu:te3�Y this Se�uritY U►swment wtthout fuahec nodce or demund on Horrower.
<br /> �& Borrower s Right to Retastate. If Botrower rneets certain condiaona, Botrower shull have the right to have ,
<br /> • enforcement of this Security Instiument diswntinued at any ticne prior to the eurlier of: (ss)5 duys(or such ather period as
<br /> Single Fvrs�ily—Fltnnk MadF1'eddte N1�t UIVIFORM INS7'RUMENT»Unifotm Coveeunts 9f90 (pnge 4 ojb pages)
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