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<br /> condenanatioii ar other tnkinII�f nn�part af oMe Property,nr far canveyance in lieu af c�ndemmttion,nm Iterehy n�.5igned ntt�
<br /> ehnl!bo paid to L�cndcr.
<br /> In the event of a tatal tc�king af the 1'rapetty, thc proceeds sh�lt lw apptied to �he�;ums Resur�d by this Secunty '`'
<br /> insuumertG wtKther ar nol then dus.with tmy cxcc5s puid ta 8orrowcr. In d�e event of o pactinl tuking of thc Property in
<br /> which tho fnir mcuket vntue of the Praperty immediateiy before the taking iR equul to or greater thun the nmaunt of the sum!►
<br /> secured by this Sec�trtty Insuument immediutely befare the talcb�,unfe�s Barrower und Lcnder otherwise agrce in wrldng,
<br /> tho sumq secured by this Security Jnsuument Khull bo reduced by the amount of the proe:eda multiplied by the fallowing r
<br /> fructfon: (a)tha tousl umount ot the suma�ecweJ immediut�ly before the talcing.divided by(b)tiao fuir n�;ukct vniuc of thc
<br /> Pmperty immediately before the taking. Any balAnw shull 6e paid to 8orrower. In thc event oF a partln( taking of the
<br /> Property in which the fair murket value of the Property immediu3ety beFore the talcing is Icss thnn the nm.ount of the suma
<br /> r+ecured immetilntely befara.the tnking. unless Botmwer und l.cnder otherwlxe aqrec in wdttng or unlesa applicuble luw
<br /> otturwise pmvtdes,the proceeds shall be appUed to the sums sesured by this Secudry Insuument whether or not the sums nee
<br /> then due.
<br /> If the Property is abandoned by Borrower.or if,nfter nadce by Lender to Bomawer thu►the condemnor offeta to make �,� �
<br /> an awsird or settle u clufm for dnmages.8orrower fuils to�pond to Lendcr whhin 30 dnys ufter the d�ste the natice i�givcn.
<br /> Lender is authori�ed to coflect and apply the proceeds,at tts optian,etther to restomtion or eepair of the Propetty or to the
<br /> sums reecured by this Securlty Insuument,NS�other os not then due.
<br /> Unless Lender and Borrower othenvise agree in writing,any appllcs►tion of pnoeeeds to pdncipal shall not extend or
<br /> postpone the due dnte of the monthly Payments refemed to in purnsraptaa 1 cmd 2 ar chnn�e che amount of such payments.
<br /> ll. Borrower Not ReleasM; Forbearanoe By Lender Not a Waiver. Exte�sion of the tinee for payment or
<br /> modif'iauion of amoriizatlon of the sums secured by this Security Instrument granted by Lender to siny successor in interest
<br /> of Borrower shall not o�erate ta release the UnbilIry of the ori�nal Borrower or Borrower�s successo�s in interest. I.ender
<br /> shall not be cequired to commence proce�dinss ugninst any successor in interest or refuse to excend time for payment or _.�
<br /> othcrwise malify araortizut�on of the sums secuced by this Security[nstrument by reason of any dernand rtwde by the or�ginal "
<br /> Borrower or Borrower�s successors in Interest Any farbearance by Lender in exercjsing any right or remedy shnll not be a �"'
<br /> waiver of or pr+eclude the exercise of any dght or remedy. ��
<br /> li Sua�essors and Asstgas Bound;Joint artd Several[.tablitty;Co-signera The covenants and agreemenu of this ^�
<br /> Securiry Inshument shall bind and bertefit the successors nnd assigna of Lender and Borrower.subject to the provisions af
<br /> parngasph 17. Bortower's cavenants nnd agreements shall be joint and several.Any Bomower who co-signs this Security ' •,;
<br /> Inswment but daes not eaecute the Note: (u)is co-signing tttis Securiry Inswment only to mortgage,gunt and convey that �.
<br /> Borruwer's interest in the Pcoperty under the terms of this Securiry Insuvme�G (b)is not personally obligated to pay the sums ``"'
<br /> secured by this Security Insuument;nnd te)agrees that Lender und any othe�Borrower may agr�ee to extend modlfy.forbeur ,
<br /> or make any IIccommodntions with re�a�d to the tertns of this Security Insuument or the Note without thut Borrower:s ,'
<br /> ,.'.
<br /> consen� •
<br /> i3. i.o�.�i�.r�es. if the loan �.curcd by tlsis �ccu:ity iswrusrtens is subject to s la:v!Yhich s�is m�.xim��m loan
<br /> charges,and tttat lnw is fin�lly interpreted so that the interest or other loan charges wllected or to be coUected in connecdon
<br /> � with the loan exceed the permttted ltmits,then: (a)any such loan charge shall be reduced by the nmount necessary to reduce ,�
<br /> .in:•,. the charge co the peimitted(imlr und(b)aiy sums already coAected from Borrower which exceeded permitted limits wiU be ���t
<br /> ;?�'� oefunded to Borrower. Lender may chouse to make this refund by reducin�the principal owed under the Note or by making a
<br /> ` ,�,�
<br /> direct payment to Borrower. If a refund reduces principal,the reduc6vn will be uented as a partial prepayment wuhout any
<br /> prepayment charge under the Notc.
<br /> �� lA. Notices. Any nodce ro Borrower provided for in this Securiry Instcument shall be given by delivering it or by •
<br /> mailing it by tit�st class mafl unless applicable law requires use of another method.'Ihe notice shall be dlepc.ted to the Property ��'
<br /> Addtiess or any other address Bomouer deslgnates by rtatice to i.ender. Any nodce to Lender sball be given by fust class
<br /> mail to Lender's eddress stnted he�ein or any other address Lender desi gnates by nodce to Borrower. Any nodce pmvided far •
<br /> in thia Socurity Insttument shalt be deemed to have been �iven to Botrower or Lender when given as provtdect In this
<br /> h
<br /> p�15. Governing Law;Severabqity. 'IUis Security (nstrument shal! be �overned by federal law und the law of the �
<br /> jurisdiction tn which the Property is located. in the event that any provision or clause of this Security Insuvment or the Note '
<br /> i wnflicts wiUt applicuble law,sech cantiict shall not affect other pmvisions oi this Security Inswment or the Note which can �!�
<br /> b�given effect withoat the conflicting provision. 'Ib this end the provisions of this Security Insaument and the Note sirre
<br /> declared to be severable.
<br /> 16. Borrower's Copy. Hormwer shall be given one confomted copy of the Note and of this Security InstrumenG
<br /> 17. 'I�anster otthe Property or a Benefidnl Iuterest in Borrower. If ail or any part of the Propeity or any inteoest in
<br /> it is sold or transferted(or if a beneficial tnterest in Borrower is sold or transfecred and Bocrower is not a natural person)
<br /> without Lender's prior wraaten cansen�ixnder may,at its optIon,require imme.�6�te payment in full of WI sums secured by '�,•�
<br /> �+ this Security Instrument. However.this option shall noi be exercised by Lender if exencise is prohibited by federal law as of ;�i:�
<br /> the date of thts Sectuity Instrumen�
<br /> If Lender exerclses this option,Lender shall give Borrower notice of acceleration. Th�natice shall provjde a period uf
<br /> eot less d�un 30 days from the date the notice is del(vered or mniled within which Borrower must pay all sums secured by this
<br /> Securiry Insuvment If�omower fails to pay these sums paor to the expiration of this period,L.ender may invoke any
<br /> remedIes peTmitted 6y t7ais Security Insuument withoat further notice ordemand on Borrower. •
<br /> " 18. Borro�wer's Right to Reinstate. if Borrower meets cettain conditions. Horrower shall have the right to have
<br /> enfonement of this Serurity Insnument discoatinued nt any time prior to the eprlier of: (a)S days(or such other period as
<br /> , Single Fnmily—ILnnie MadFbeddk Mac UMFORM iNS7'RUMSNT—Unifoan CweHnts 9J90 �Pase e ofe�,¢es�
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