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<br /> candemnatian or otl�er tuk�ng af any piut of tho 1'rnptrty,or for cc►nvcyanee in lieu uY cu:xkm►z�ti+�n,ar�hceet►�r a�sianr.d a�xi�
<br /> ' sh�li bepaIdro L.¢nder.
<br /> I�th�evedt oP a tMal taking nf sho i'rc�riy. the proceeds xhaU te spplied ta the nums Recurcd by t'hi�Socurity.
<br /> Instrumens,whethcr or not tRcn due.with�ny exasa pdd'to Botrowar. In th�t ovrnt of�►Put[d t�tkin��f the Property in
<br /> which the fiir m�rh�et v�tue of thcl PmPerty inunediuely befbi+e the pking is equil to or��eAtcr thw►the unount of the�
<br /> �secuned by this Sc�uatty Insmement immediately eetore Ihe Wcing.unkss Bomower Nnd l.ender otherwis�qree in.�tiq�. �
<br /> tha sums sscvned by t4�is Scct!�ity Irtatnnne�t eh�ti he red��ced by the amouat of thc Aracceds mutttplleci b the fo Ipwln�
<br /> �ed
<br /> fraction: (a)t1�e totml amount of the eume eecurcd immtdlately befule the takinA,divlcial by(b)ehe filr t v�iva t�the
<br /> Pro�xRy immedtauiy before tho taking. Any bsluice shail bo paid to Bawwer. In the avrnt of a putiv taklng af�he
<br /> Paoperty tn which the fair madcet vnlue of the Property immediately befon thc taking ix less than the unowtt of the sums
<br /> secured immediately befon tha taking.unlcs+ Barower and Lxnder oth�nvise agree in wrlting or unlese applicrtbla l�w
<br /> otherwise provides.the proceeds shati be applied to the swns secund by tbis Security insaument whether or nat the aums�re
<br /> tken Aue.
<br /> [f th¢Prapcny is abandaned by Bomnv,►a,or U after notic�by Lxnder iv ,Bu�Nwci tttat th�:condemnot offera ta maice
<br /> an awatd or settle a claim for ds�mm�ges.Bomower fails to respond to Leader within 30 dnys after thc date tha notice i�given.
<br /> l.ender ia suthorized to collect and upply the pnncada,at its opdon,ejther to restorution or repair of the Property or to the
<br /> sums sec�ued by�his Securiry Insuument,whe�her ot not then due.
<br /> Unless L.cnder nnd Borrower othenvlr•e agc+ce ln writing,any nppltcadun af proceeds to principal sha11 aot exund�r
<br /> , postpone thc due dnte of thB monthly payme�nta t+efcmed to in pnrugmphs 1 nnd�or change the amount of such payments.
<br /> � 11. Borwwer Not ReleagM: Forbeannte 8y l.ender i�ot a Witvcr. Bxtension of the dme for payment os
<br /> madi5cation of amortization of the sums se�ured by this Secutity insmiment granted by I.ender to any successor in L►terest
<br /> ;,,,, of Borrower shall not oper.�te to�+eleASe the UabiGty of the urlguial Boreower or Bormwcrk sac�xssara in itsteres�I..ernkz
<br /> shall not berequired to commence pmcee�iogs ageinst uny successor in Interest or t�efuse to extend time for payment or
<br /> othenvise madify amortizution of the sums secured by thia Securjty Instrumeat by nenson of any demand made by the ad�inul
<br /> Bormwer or Banower"s successors in interest Aay forbearance by Lender in exercising uny right or cemedy shaU rtot be a
<br /> watver of or preclude th6 exerclse of any right or nmedy.
<br /> �,,. � 12. Suocessors and Assigns Bonnd;Jaint aad Severa!Lia6itity;Co-signers. '!he covenants und�greementa af this
<br /> Security Instiument shul!bind sind benefit the suocesso�s a�d assig�s of Lender and Borrower.subject ta the provisions of
<br /> paragraph 17. Bomower`s eovenants und ngrceinents sha�be joint and several.Any Bocrower who casigas ttus Sccurity
<br /> �, Instcument but dces not execute the Note: (a)is co-si�ing thIs Security Insdument only to mortgage,gant and convey that
<br /> - " Bonower's interest in the Prope�ty under the tertns of taujs 5ecurity Insuument; (b)is not personully obliguted to pay the sums
<br /> <,�,j;=�;r ,r secured by this Security Insaument;and(c)agees that T.ender and any other Boerower muy agree to extend.modify.forbear
<br /> u �'f�:� ';r.f;�k^, : or make any accommodsitions with regard w the terms of this Secunty Insuument or the Note without that Sormwer's
<br /> �'�.... .�' �' c.an.seiu
<br /> -�•,!.�;..,;r,ts� 13. l.oan Char�ea If the loaa secured by this Security Insuument is subject to a law which sets maximum toan
<br /> q�F�:��,�.,.,,.�.�.;.,• charges,and shat!aw Is finally intc�pmted so that the interest or other loan charges collected or to be collected in connecdon
<br /> 4 �,� ;r �_,:.�;.., with the laun+exceed the pertnitted![mits,then, (a)any such loan char�c shall be reduced by the amount neoes.sary to reduce
<br /> , � �..r,s � the chatg¢to 9he permiued(Imit;and(b)any sams alneudy collected f�om Borrower whtch exceeded pemtitted limits will be
<br /> �.'�f"����'=`��'''*�'�, r,efundai to Borrower. I.ender may choose to make this refund by reducing the pr�ncipal owed under the Note or by making a
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<br /> ;,�,.,,-..,: :•.••�•--' � d'arect payment to Bomower. If a refund reduces principal,the reducdon wiU be treuted�s a partiul prepayment without any
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<br /> - °�'°� ,, pzepayment charge under the ote.
<br /> �•'^`'�°"°--�?�'�° 14. Noticea Any noace to Borrower provided for in this Security lnsuument shalt be given by delivering it or by
<br /> `i�'^�:F'"•�'*�: maiW�g It by fitst class mail unless appGe�s+ble law requires use of nnother methad.The notice shall be dimcted to the Pmperty
<br /> `��"t�t pddress or any other address Bocrawer designates by notice to Lender. My nodce to Lender shell be given by fust class
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<br /> �,�, , �F,�. muil to Lender's uddness stated herein ar any othet eddress Lender designates by notice to Borrower. Any notice provided for
<br /> ,;�;�..ti,�;,'-`_:,_��� in this Security Insaument shnll be dcemed to fiave been siven to Bomower or Lende�when g[ven as pmvtded in this
<br /> ��, �t•�rt•,•�x paragraph.
<br /> ""''"`''"�`- IS. Coverutng Law;Severebtlity. �is Security Instrument shall be govemed by federal Iaw and the lew of the
<br /> "�'c"""""'i jurlsdicHon in which the Property is locnte�. In the event that any provision or ciause of ttas Security Inst�ument or the Note
<br /> ""•�b°�`�°�"""�°"�� conflicts with applicable law.such contlict shdl not uffect other provisions of this Security Insuument or the Note which ccmn
<br /> "°*?;::�::�:: � be given effect without the conflicting provision. To this end the provisions of this Security Insuument and the Note nre
<br /> r:��s;;• . - �eclered to be severnble. �
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<br /> -:r'._ � 16. Borrower's Copy. Horrower shall be given one conformed copy of the Note und of this Security Instcument. ;'�
<br /> .,�. ,.�" , . 17. 'llanster of the Property or a Benefidal Interest in Borro�ver. If alt or eny part of the Property or any incerest in
<br /> it is sold or transfemd(or if a beneficinl inteeest in Borrower is sold or uansferned and Borrower is not a naturnl person) 'r�;
<br /> , ' ° without Lender�s�rior written consent,I.ender may,at its option,require imrnediate payment in fuil of ull sums secured by ''":
<br /> ' �*-�� � this Security[nst[ument. However.this option shall�ot be ezereised by Lender if exerc�se is prohibited by fedcral law as of
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<br /> the date of this See�uity insuumertt.
<br /> �'�"�. �:•• �- If Lender exercises this option,I.ender shall give Borrower notice of xceleraeon. The notice shall provIde a period of
<br /> � ; -�-� - - --riorfessthan 3Q-duys rom�Fte—date tfie eotice is delivered or m:uled within which Bomower must pay all sums secured by this •
<br /> �• � ' • � Securiry [nse�ment. If Borrotver fails to pay these sums pdor to the expiradon of this period, Lender may invoke any �°
<br /> • remedies pz�anitted 6y this Security Insuument without further notice or demand on Borrower. -
<br /> � 1& 8orrower's Rfght to Reinstate. If Bortower meets certuin cundidons, Borrower shall have the right to huve `
<br /> : enforcement of this Security Inswment discontinued at any ttme prior to the eazlier of: (a)S days(or such other period as � .
<br /> " � Single F�mily••FannkM:uhhddie 119oc UNIFORM INSTRIJAfENT--Unffortn Covenann 9l90 fpaRe4 of6 pagesl
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