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<br /> randemnatiun or other`t�cing of nny part of�hc prugerty.ar fur consayance in lieu ot condemnatiaa,are herel�y nxsigned aixl „
<br /> nh�l!be puid to�.eader.
<br /> in thu cvcnt oP a tatKl teking af tho Pr��prny. thC p►�ucaedg shall be upplied to tne �ums xFturcd by IhU �a:urity
<br /> Inxtreinxnt,whetlicr nr n�d theti due,with cuiy exce�;a pAid te�Barrowcr. in ihc cvent of n parilaf telcing�n!the'��eny in
<br /> w6ich thc fiir mrr�cet��lue af'tho PrapeKy immedlately beforc ihe teking ig ex�ual to ar greatsr than iP�+�iri�ri�t oP t;K nyu�
<br /> �ecurcJ by ddy Sec:urlty In,rlrumcnt immcdintely hef�ro thc euking,unlcay l�urmwrr u�xl I.e�xkr cHhcrwi�w�grro!n wrtting.
<br /> ithe numR�urcd by thla SrcurU�Tntitrument Fha�i i�o rrdured f�y ti�e uiuount uf�iw p►�r�t^.mutdpit;.d by thC tUltc+trin�
<br /> � fnr:don: (a1 the tatel nmaunt�f�hc numa xecured immedfately befim the taking.divid.d by(b)tho foir market v�lue af tl�
<br /> ' Praperty innnedfutely bctoro thc tnking. Any hu!nnro shal! bc�aid to �onawe.r. In the cvcnt nf u purtiAi taking af tho
<br /> j Propeny in whlrh Uw fui�market vuluo uf tho Propcey intmediately be6orc thc taking ia ley�l thun tho t►m�unt oF the Rums
<br /> icecurcd immcdi�etcly IxParo tt�e t�king,unlesy Battuwer und I,ender atherwine ngrco in wriling or unless uppticablo lsw
<br /> � othcnvi�ce provldes.thd praceeds simll bo appiied to the sunis secured by this Secudty Instniment whether or not tlte sums ac�e
<br /> � then due.
<br /> !f tha Pmperty is abAndaaed by Borrower,or iP.afler notice by Lender to Borrower U►at the cortdemnor offers to maka
<br /> ian awad or settte a clatm for dttmnges.Borrower fuilx to rcspond to Lender within 30 duys after the d&te the n�dca ix�ive�t.
<br /> � Lender Is uuthorized to coltect and upply'the proceeds. ut its uption.either to reatoration or i�epair of the Property or to the
<br /> sums secured by this Securiry Insuumen�whether or not then duu.
<br /> Unless Lender and Borrower otherwlse agree In wdting,any npplicutton of proce�ds to pr�ncipul shali not extend ar
<br /> postpone the due dote of the monthly paymen�4 rcfemed to in pan►grnphs i and 2 ar change the umuunc of such payments.
<br /> li. Bormwer Not Re[eased; Forbeurance By Lender Not e Watrer. 6xtensIon af the ame for payment or
<br /> nwdification of amortization of tl�e xumq secured by thifi Re�urity Inswment grunted by Lender to uny successor in interest
<br /> of Borrower shaq not operate to relepse the liabiUty of the origlnul Borrower or Borrower's successots�n interest.Lender
<br /> shall not ba requ�red to commence prac:eedings against any successor M interest or refuse to extend dme for puyment or
<br /> otherwise modify amortizndon of the sums secured by this Securiry Instrument by reuson of uny demund mude by the original
<br /> Horrower or Borrower�successors in lnterest. Any forbemance by Lertder in exerclsing any right or remedy shaU not be a
<br /> w�iver of or prectude the exercfse of any right or remedy.
<br /> IZ. Saccessors and Assfgns Bou�d;JotRt and Several Liabillty;Casignera The covenants and agreements of this
<br /> Securiry Instrument shal!bind and benefit the successors nnd assigns of Lender und Borrower.subject to the provis{ons of
<br /> parogmph 17.Borrower's covenAnts und�greementa shall be joint and several.My aomower who casigns this Security
<br /> Instiument but dces not execute the Note: (n)is co-signing this Security Instcument only to mort�age,�rnr►t and canvey thcu
<br /> Boit+ower.l•interest in the P,roperty under tha terma of this Securiry lnstrument: (b)is not person�lly obliguted to pay the sums
<br /> secut�ed by this Securiry Instrument;und(c)agrees that Lcnder und uny other Borrower muy ugee to extend.modify,forbear
<br /> or muke any uccommodattons with regard to the terms of this Securiry Inswment or the IVote wlthout that Bomower�
<br /> wnsent
<br /> 13. Loan Charges. If the loan secured by this Securiry Instrument is subject to u law which sets maaimum loan
<br /> charges.and thnt lua ls finally interpreted so thnt the interest or other laan char�es cotl�ted or to be collected in connecdon
<br /> with the loan exceed the pecmitted limits.then: (u1 any such loan chnrge shull be reduced by the umount neccssary to reduce
<br /> the churge to the permitted limtt;nnd(b)any sums txlready coltected from Borrower which exceeded permitted timits wlll be
<br /> refunded to Borrower.Lxnder may choose to mpice this refund by reducing the principal owed under the Noie or by making u
<br /> dlmet payment to Horrower. If a refund reduces principal,the reducdon will be treated as a psutiul prepayment without nny
<br /> prepayment charge under the Note.
<br /> ,4,,.� ,y 14. Notices. Any nntice ta Barrower provided far in this Securiry Instrument shaU be given by delivedn�it or by
<br /> mailing it by fust dass mail untess applicable law crquires use of another method.The notice sh�(1 be directed to the Yroperty
<br /> - Address or any otiter address Borrower designutes by nottce to Lender. Any nottce to Lender sh�ll be�iven by first class
<br /> maU to Lender�address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for
<br /> in this Security InstTUment sh�ll be deemed to huve been given to Bomower ot Lendcr when �iven as provided in thit
<br /> P�S�Ph.
<br /> I5. Governing Law; Severability. This Security Inswment shall be governed by federal luw nnd the law of the
<br /> jurtsdtction in which the Propeny is located. !n the evcnt that any provision or clnuse of this 3ecurity Instrument or the Note
<br /> confltets with apglicable lew.such eonfliet shall not affect other pn��isions of this Secudty lnstrument or the Note whIch can
<br /> t ti, be given effect without the conflicting provision. 'Ib this end the provisians of this 5ecurity Insbument und the Noie are
<br /> . _���, declured to be severable.
<br /> �,�.�, „ _ 16. Borrower s Copy. Borrower shull be given one conformed copy of the Note and of this Security Instrument.
<br /> 4,:�: �•.�' 17, 11r�nsfer of the Property or a Beneficiul Interes!in 8orrower. if nl�or uny part of the Properry or any interest in
<br /> ' ��`�`�' it is sold or transferred (or tf u beneficinl intecest in Borrower is sold or tr,►nsferred and Borrower is not u nutural person)�
<br /> ��;;,-';L,`;;:' ' without Lender�s prlor written consent,Lertder mny.at its option,require immediate puyment in full of all sums secured by
<br /> ,::.�:Y.<....'" this Security Instrument. However,thts option shall not be exercised by Lender if exercise is prohibited by federal Inw ns of
<br /> � .:,,.-...
<br /> .�,��.,i.,.,. the date of this Securiry Instrument.
<br /> ''� �� lf L.enderexecclses thts option,Lender shall give Borrower notice of acceleration. The notice shull provide a period of
<br /> t,,��:.`.��:�:„ not tesx thun 30 days from the date the notice is deltvered or m�iled within which Borrower mu::t puy ull sums secured by this
<br /> . ,f.,.�,;..;
<br /> .•<,�,.. , Security Instrument. !f Borrower faits to pay these tiums prior to the expiratian of this period, Lende�may nvoke��tny ,�
<br /> .��:'._ .� .; mmediespermitted by this Securiry Instrument without further noticc or demand on Boirower. -'
<br /> `��s�;�^:�..;•�,t" IS. Borrower's l�ight to Reinstute. If Borrower meets certnin conditions, Bornower sh�ll huve the ri�ht to huve : ±.
<br /> � ,' .-;'� •
<br /> enforcement of this Security insnvment dtscontinued at uny time prior to the earlier of: (u)5 days(or such uther period as ��
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