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<br /> ccxxfcmnatfon ur othcr t��istg af��y part uf the I�rc�peny.or for cunvcycuice iit ileu bf coj�demnatton,are ixrcby atiqigne.d ana
<br /> shall be prtd So l.�xfer. �
<br /> in tltie event af e tatd tr�ktng of thc Prc�c�ty.tho proceeds ehall be applicd to t6e ,�ums secural by thi�+ Socurity
<br /> Instrument,whethor a rwt thm due,with�ny excess paid ta Borrowc�. In the event of a pirtl�l tAking of theproperty in
<br /> which the frir mvket value of the Prope:rty immediat�ly before the talC�ng is squal to o�grcRUr�han the amount of tfie sums
<br /> ercu�ed by�ttia Secudry tnstrumenc immedintely befoce the Wcing.unks�Barcowcr�nd Lertder ottirrwlee agra in w�tinp�,
<br /> tht s+�ms�tc��n�l hy thig 3erurity lnewment shall bo rufucaf by�he amount of tho praceeda mult�plied by the following
<br /> fractiwr. (A)the wtd tmo►u►t of the eums aeeursd immedlately before tha�Wcing.divided by(b)the fatr mAricet vatue of the
<br /> Qroperly immcdiNtely befure �he taking. Any batance shaU be patd to Borrower. In the event of a pat4i�l caking of the
<br /> Prnperty!n which the!'eir market valuo o�the Ptapecty immedtatriy befon;the tuktng is less then the amount of the sums
<br /> Fecuced Immedietely befare the taking, wless Eorrnwer and Lender utherwise agrce In wridng ar unless eppitcxble law
<br /> atherwise pmvldes,the pnoceeds shuU ba applIed to the sums secured by thls 3xurlty Inamtment whether or not the sums anc
<br /> thcn duo.
<br /> If the P�n�ty is nbandonal by Hatrower.or if.after notice by I.ender to�arrower tlwt the condemnor offers to make
<br /> en award w settlo a claim for damages,Borrower fnils to nspond to Lender within 30 days after the dste the nottce ia given.
<br /> Lender Is authorized to wllect and upply the proceed9.at(ts opdon.either to resxoraUon or repair of the Property or to thc
<br /> sums secured by this Sec:wit�!Insdument,whetheror not then due.
<br /> Unless Lender and Borrowcr othenvisc agree in wridng,any npplication of proceeds to principal shall not extend or
<br /> postpono the duc date of the monthly paymenta referred to ln parngrnphs 1 and 2 or chunge the amaunt of such paymenu.
<br /> 11. Borrarver Not lteleased; Forbearana By. Leuder Not e Witiver. Bxtension of 1he time for paymcnt or
<br /> modiRcatlon af amortfzation of the sums secured by this Security Insuument granted by Lender tei siny successor In interest
<br /> of Barmwer shall not operate to tetease the liability of tt►e originai Borrower or Barrowcr's suc,xssors in inteiest.L.en@es
<br /> shul!not be reyuired to commence pt�eedings against any successor in ir�terest or�+eiuse to extend time for payment or
<br /> othorwise mod[fy amortizat[on of the sucns secured by this Security Instrument by resison of nny demand made by the orig�nal
<br /> Bocrower or Bortowet's successors in inteies� My forbearnnce by Lender in oxercising any ri�ht or remedy shuU not be a
<br /> wadver of or preclude the exenIse of any right or�emedy.
<br /> 12. Suocessors ond Assfgas Bound;Joint and Several Llabflity;Co-signerr+.. '[he covenants and ag�cements of tdis
<br /> Security Insuument shoil bind and beaefit the succecsors and ussigns of Lender and Borrower.sub}ect to thc provisians of
<br /> paragu�ph 17. Borrower's covenants and e�neements shall be joint and several. My Borrowee who casigns thts Secudty
<br /> Insuument Iwt does not execute 1he Note: (a)is co-signing this Secudty Instrument only to�nortgage.grant and oonvey that
<br /> Borrower§tnterest in the Property under the tem�s of this Seturity Instrument;(b)is not personally obligateci to pay the sums
<br /> secured by this Securlry insuvment;uad(c)agmES tha[Lender and any other Hon�awer may age�ee to extend.modify,forbear
<br /> or make any accammodssuons with regurd to the tem�s of this Security Instrument or the Note without that Borrower�
<br /> , consent.
<br /> ' 13. Loan Chw�gea If the Loan secured by this Securiry [nstrument ia subject to a law wdtch sets ma�cimum Ioan
<br /> charges,and that luw is finally interpreted so that the interest or other loan charges collected or to be rnUected in connecdon
<br /> with the loan exceed the peRntaed lim[ts,then: (u)nny such loan charge shall 6e reduced by the amount necessary to reduce
<br /> the chsuge to the pezmitted limlk asd(b)anY sums almady collected from Botrower which exceedtd permitted limits wiU be
<br /> refunded to Borrower. I.ender may choose to makc this refund by reducing the princfpal owed under the Note or by making a
<br /> dIr�ect payment W Bomower. If a refund reduces principal,tha reductIon will be treatect�s a p:utial prepayment without any
<br /> ; prepuyment charge under the Note.
<br /> • 14. Notias. My notice to Borrower pmvided for in this Security Instniment shall be given by dellvcring it or by
<br /> ' mailtng it by fust cic{ss mail unless applicable luw c�equires use of another m�thod.The notice shall be directed to the Property
<br /> Addreas or eny other eddress Borrower designates by nodce to I.cnder. Any notice to Lender sh�ll be�iven by first cla�
<br /> mail ui Leader�s address stated herein or any other address i.endec desi�nates by notice to�orrower. Any notice provtded for
<br /> tn this Security Insuunnent shall be deemed to have been given to Homower or l.ender when given as provided in this
<br /> p�1h
<br /> 5� Governing L.aw; Severability. This Security Instwnent shall be govemed by federal law and the Iaw of the
<br /> jurisdicdon in wh�ch the Property is located. In the event that nny provision or clause of this Security Instrument or the Note
<br /> conflicu with appUcable taw.such conflict shall not nffect other provisions of this Securiry Instrument or the Note whIch cun
<br /> �� ` b�g�vea effect without the co�lirtIns provision. '[b this end the provisions of tFds Security Insuument and the Note are
<br /> dectur�to be severable. fF
<br /> IQ Borrower'sCopy. Horrower shnll be given one confun�ied copy of Uie Note and of this Securiry Instrument.
<br /> ' � 17. 'I�anster of the Property or a Beaef�dal InQerest 6n Borro�ver. If nll or any part of the Property or any�nterest in
<br /> I � it is sold or trnnaferred(or if a beneficial interest in�Borrower Is wtd or transferred and Bomower is not a natural person) ,,,
<br /> without Lenderg prior written consent.Lender may.nt its opdon,require immediate payment in fuU of all sums secured by �
<br /> this Securlry Insuumen� However.this option shall not be exe�+cised by I.ender if exercise js prohibited by federal law r�s of _r,..
<br /> ' �` !he crate of this Secutlty Insdvment. :�
<br /> If Lender exercIses thts opaon,Lender shali give Borrower norice of accelernaon. 'C'he nodce shall provide a period of �. '
<br /> � not less than 30 days from the date the notice is deUvered or meiled wIthin which Borrower mast pay all sums secured by this "��
<br /> • Securiry Insnvmen� If Horrower falls to pay these sums prior to the expiration of this period. I.ender may invoke any �
<br /> i ��.•;,�:
<br /> remedles pemutted by th[s Security Instrument without further nodce or demand on Borrower. ,.::;�.
<br /> �1s`� � • 18. Borrower's Rfght to Betnstate. If Borrower meets certain condidoa�, �orrower shall have the dght to have ,.;,.,a;
<br /> � enforcement of this Security Insuument dlscontinued at any drree prior to the earlier of: (a)S dnys(or such other pedod as '`;��
<br /> t+�,.
<br /> ��, �;:i
<br /> � Singte Fumily»FLnnte M�dFlrcddie Mac UNIFQRM IN3fRUMEN'I'»Unifomt Covennnts 9f90 (page 4 of 6 pages)
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