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<br /> condemnutIon or other taking of any part af the Property.or far conveyunce in lieu of condemnnitnn,iire hcrcby�nssigncd cutd
<br /> ahall be paid to Lender.
<br /> ln thc ev.��t of a rotul tnking af the Property.the proceeds shall be applicd ta the sums�ecured by this Sccuriry
<br /> Insuvment,whcuzer or not then due.wlth any excess paid to Horrower. Dn the event of a partiul taking ot the Property In
<br /> which the fair market value of the Fraperty immcdintely before the taking iA equnl to ar grcnter than the nmount of the sums
<br /> secured by ihis Securlty Insttument immediutoly befare the taking.unless 8orrower und Lcnder atherwise ugree in writ�ng.
<br /> the sume secured by this Securlty Insuumetst shall be reduced by tha artiount of tho proceedR multiplied by the following
<br /> fr�ction: (a)the totai amaunt of the sumg secured immedintely befure the takinQ, divided by(b)the fafr murket vWue af the
<br /> Propeity immediately befor+e the taking. Any balartce shull be puid to Borrower. In the event of o purtinl taklnp of the
<br /> C'�operty in which the fnir market value of the Prapetty immediutely before the taking ia lc�ss thun thc amount of thc sums
<br /> secured immediately before the wking. unless Borrower nad i.ender otherwise ugcc� in wdting.or unle.sA applicablo luw
<br /> otherwjse provides.the proceeds shall be upplied tn the sums st:curcd by thi.g Securfry Instrument whether or not the sums ure
<br /> then due.
<br /> �'"` If the Property is abundoned by Borrawer.ac if.after noticc by Lender to Borrower thut the condemnor offer�ta makc
<br /> an av�urd or settic a clnim for ciamuges,Bocro�ver faFls ta mspond to Lendcr wlthM 30 dnyR uRer thc datc the not[cc is given.
<br /> Lender is uuthorized to collect and apply[he proceedg. ut ita opt ion.e lt her to restoration ar reps�r of the Pro p e r t y or to the
<br /> �-_: suma secured by this Secwity Insuument,whethe�or not then due.
<br /> 't},.i;x,�;,. Unless l.ender nnd Bonower otherwise agree in wdting.any t►ppllcutton of proceeds to principul shnll not extend or
<br /> ;�.:�.�{�}^,-�?` postpone the due dute of the monthly payments refemed to in parusrnphs 1 and 2 or change the umount of such payments.
<br /> .,,� 11. Borrower Not Released; Forbearance By l.ender Not a Watver. Extension of the dme for puymcnt or
<br /> modificution of amortiztttion of the sums secumd by thia Security Insuument gmnted by l.ender to any successor in interest
<br /> ,,�,,;;,., � of�orrower sh�ll not operate to release ttie liabiliry of the original Barrower or Borrower's successors in interest.I.ender
<br /> "s:.r:.;�.:..::;;`�,;; sh�ll not be required to commence proceedings ugwnst any sucres�ur in interest or refuse to extend time for payment or
<br /> ' ' otherwise modify umortization af the sums secured by this Security InsUUment by rea5on of any demnnd made by the originai
<br /> ;s.�.
<br /> �,,.i ...,.. . �.'.��.� Borrower or Botrower's successors in interest. Any forbearance by Lender in exerctsing nny dght or remedy shalt noi be a
<br /> �� ;.;. wuiver of 9r preclude the exercise of any right or remedy. _
<br /> ���,'�" 12. 5uccessors and Assigns Baund:Joint and Several Liability;Co-signers. The covenants end asreements of this
<br /> ,:i,�•.�� �': ' � Securiry insuument shall bind artd benefit the successors and atissigns of Lender and Borrower.subject to the provlsions of •
<br /> ;,;^��;•�s;�.?,�.`� paragr.tph 17. Borrowers covenants and agreemen�q shull be joint und several. My Borrower who co-signs this Securiry ' �'�
<br /> � «_-�.. �- '� ' ' Inswment but does not execute the Note: (a)Is co-sibming this Security Instrument only to mortgage,grant and wnvey that
<br /> � ,,. : ��, ., ' .� ��'�<.
<br /> � • Borrower's Interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to puy the sums ;�..,�
<br /> ;,+;,�;:,;.•:,• '. �.,,=; secured by this Security Insuument;and(c)u�rees that l.cnder and any other Borrow e r may agme to extend,modify,forbear
<br /> ��;�,�- •-• or make any accommodutions with regurd to the terms of this Security Insuument or the Note without that Borrower�s ••-�
<br /> • , consent.
<br /> `��h
<br /> ��, � 13. I.oan Chu�ea If the loan securc�d by this Security Instrument is subject ta a luw which sets manimum loan `�'•
<br /> �"' �� '�`'' ' chstrges.and that law is finally inte►preted so thut the interest or other loan charges collected ar to be coltected m connecdon
<br /> -,,,t�:,,. .
<br /> ,,:�.�,.,_ .;' .. with the loan exceed the permitted limits.then: (n)uny such loan charge shall be reduced by the s►mount necessary to reduce ,
<br /> `;,;�:: . ." the chttrge to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be ".j,..r
<br /> refunded to Borrower. Lender may choose to make this refund by reducing the principal owed undar the Note or by making u :ti.
<br /> ,;•�,��'•.. �� ' � d�ett payment to Borrower. If a refund reduces principal.the reduction will be treated us a partiul prepstyment without any ,
<br /> .: " „ prepayment churge under the Note.
<br /> `.r'�`'� � ° 14. NotEces. Any notice to Borrower pmvided for in thls Security Insuument shell be given by deliverin�it ar by
<br /> '�7°`''"'''` ° • •: '' mulling it by first class mail unless upplicuble law requires use of another method.The notice shuU be directed to the Property
<br /> "'.''`•r" " . Address or any other address Horrower designates by nodce to Lender. Any nopce to Lender shall be given by first class
<br /> y'+""'`"''����• ���� muil to Lendert itddress stated herein or any other uddress I.ender designates by notice to Borrower. My nottce provided for
<br /> '"� '" '' � " in this Security Insuument shall be deemed to have been given to Borrower or Lender when given ns provlded in this
<br /> ::�:,.�. r., p��p�
<br /> ���,��'��°��-� 1S. Gover�ing Y.aw;SeverabUity. This Security Instrument sh�tl be govemed by federal law and the luw of the
<br /> ` '9""�'�"``�� • judsdiction in which the Property ts Iocuted. M the event thnt any provision or clause of this Security Insuument or the Note
<br /> `�`r°"`''`'� "�. conflicts with nppltcable luw,such contlict shall not affect other provisions of this Security Insuvment or the Note which can
<br /> ;+��"'""� be given effect without the conflictin�provision. To this end the provisions of this Secudty Instrument und the Note are �
<br /> ,.i?�. „ � declared to be severable. 3
<br /> ':�;�,.;�.� • ,_�;c• 16. Borrower's Copy. Bormwer sheli be given one conformed copy of the Note nnd of this Security lnswment.
<br /> "::r��. .. 17. 1lransfe�af the Property or u Beneficlal Interest In Borrnwer. If ull or uny part of the Property or ony interest in
<br /> .��.;•��.� it is sold or transfened(or if a beneficial lnterest in Borrower is sofd or transferred tutd Borrower is not a natural person)
<br /> ;«• ' without Lender�s prior written consent.Lender muy,at iu option,require immediute payment in full of ali sums secured by
<br /> � • ' this Security Instrument. However.this option shull not be exercised by Lender if exercise is prohibited by federal law as of
<br /> ,. .`�� the dute of this Securiry Instrument. "'
<br /> �+^'• • f. , • �� If Lender exercises this oprion,Lender shall give 8orrower notice of accelerntion. The notice shall provide n period of
<br /> � . . not less than 30 days from the date the notice is deltvered or mailed within which Borrower must pay all sums secured by this
<br /> ., } Security Ins4urrten� If Bamower fails to pay these sums prior to the expirntion of this period, Lender muy invoke any
<br /> . • remedies pem�itied by this Security Insuument without further notice or demand on Borrower. „
<br /> �;,., 18. Borrower's R(ght to Retnstate. If Bvrrower meets certain conditions, Bnrrower shall have the right to have � .
<br /> r .:: , s:�;%�; enforcement of this Secutity Insuument discontinued at any time prior to the eariier of: (a)5 days (or such ather period ss
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