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<br /> i condomnutinn ar othcr taking of any Part of�nc Rr�perty,or fot convcyance in licu af co�i�rmTAtidff.`t�F►��slIItsed nnd
<br /> shrall be patd to L.ertder.
<br /> i Ic� the evern of n total taking of the Pro�seAy. the proceeds ahnll be applled to the Fums stcured by thiR Secnrity
<br /> Inatturnert�whetlter or not then due. wtth any esxcess puid to Borrower. In the event of n paninl takie�g c►f tho Prapeny iA
<br /> which the fair mw�ket valuc of thc Prc�perty immediately befare thc tak ing ls equnl to or greAter than the nmount of the aums
<br /> secuced by this�erudty(nstrument immediutcly before tho wking,uniesa Borrowcr and l,ender otherwi�c agrec in wdting.
<br /> ihe sums secured by tht�Securlry instntm�nt ahall he medaced by the amoant of the praceeds muldplied by the fallowtng
<br /> fractlon: (a)the Wwt mmount of tha sum�xecured tmmediatol,y bcfore Un;k�lcing,divided by(b)the tair market vnlae of the
<br /> Acoperty immediately befora th�taking. /�ny balanre sh�il ba paid ta Borcower. In the event af n partiul tnking of the
<br /> Property in which Uie fair murket vnlua of the Property Immediutely before the taking ia less than the amount of the Aums
<br /> r,ecuted immediately betoro the taking, unless Botrower and Lcnder otherwise ng�ce in writing or�unlesa applicttblc!uw
<br /> otherwtse pmvides.the prac.eeds shnll be upplicd to the sums securcd by this Securlty Instrument whether or not the sums ur�e
<br /> then due.
<br /> If the Property is abandoned by Borrower,or if.after notice by L.ender to Borrower ths�t the candemnor offerr to mnke
<br /> I un awnrd ar settle a ciciim for dumuges,Borrower fnils to respond w Le��der within 30 duys after the dutc the nodce i�given.
<br /> ; Lender is authorized to collect und Apply the pr�oceeds.ut ita option,either to restorntlon or reputr of the Propeny or ro the
<br /> sums secured by thia Security insuument,whether or rtot then due.
<br /> Unless Lender and Bortower atherwlse ugcee in writ(ng.w►y oppllcation of proceeds to pdncipat shal!not extend or
<br /> postpone the dae date of the monthly paymenta neferred to in parngrnpha t and 2 or change thc amount of such pnyments. ��+,x
<br /> 11. gorruwer Not Released; Forbearance By Lender Not a Waiver. Extenston of trie time for payment or " }
<br /> modification of amortizadon of the sums secured by thts Securlty instiument grnnted by Lender to any successor in inrerest
<br /> of Bo�ower sh�ll not oper.+te to releace the liubility of the ori�inul Borrower ur Borrowerh succeuors in interest. Lender y..
<br /> shalt not be required to commence proceedings ngaInst any successor in interest ar i+efuse to extend dme for payment or �;"';;:
<br /> otherwise madify umortlzation of the sums secured by this Securiry Insuument by reason of any demand made by the originul ;,�
<br /> ''h�'� `' : Borrower or Borrower's successors In interesG Any forbearunce by Lender in exercising nny dght or remedy shc►Il not be a
<br /> H�..; • •
<br /> � waiver nf or preclude the exercise of any ri�ht or remedy.
<br /> ;t��..�.•..,; 12. Suce�sora s�d Asslgas Bound;Jotnt and Severai Ltub[lity;Caslgrters. The covenants and agreements of thls
<br /> Security Inswment shall bind and benefit the successors�nd assigns of Lender and Borrower,subject to the provisions of ` �
<br /> , ` �.,. parn�rttph 17.Borrower� covenants sutd u�ements shall be joint and several. Any Borrower who co-signs this S�curity
<br /> `'`� � �,7�' Instrument but dces not execute the Note: (u)ls casigning this Securiry Instrument only to mortgage,�ant end convey that
<br /> ��'; '.,.;�
<br /> �• :t•�,:::�:,:,,� �,;.: Botrower�s interest in the Property under the tertns of thts Securlty Instrumen� (b)is not personally obligeted to pay the sums
<br /> �'�`•:=�'"�"•-"��?• se�ured by this Security Instrument;and(c)agrees that Lender und any other Boirower may agree to extend,modify.forbear
<br /> ,��•���'i��i:;� �•.�'• ! or make uny accommodatians with regard to the terms of this Security insaument or the Note wlthout thnt Borrower's
<br /> ' ;;-��t.�`;��;.:�.% ' consent.
<br /> � . z ,��"..4:,,�.. �3. �q ��nur��;, t�tit�toan s�cutcd by lhis Secutity Instrum�nt is s�bj!�c� to a lew which secs mauimum loan
<br /> '•�°''i.:�+• �•'--�r���: ChaTges,and that taw es finally interpmted so that the interest or other loan chazges collected or to be collected in connecdon ,
<br /> •:.;,; ;: • ,�,;.
<br /> �• M1 �,f,,,., ..,� with the loan exceed thepertnitted limits.then: (a)any such loun charge shall be reduced by the umount necessary to reduce
<br /> ;r•,,;�'���,•':,;_.,':.;: . the chcuge to the permined limit;nnd(b)any sums already colleeted fmm Borrower which exceeded permitted limits will be �
<br /> ;;r, o���r:�;���,�Y�,: , refunded ta Borrower. Lender may choose to make this refund by reduc�ng the principal owed under the Note or by making a �+��
<br /> '�'�''`;`i;:t�:; ••:`.< d'ueet payrnent to Borrower. If a refund reduces principal,the reduction wtll be ueated as a partial ptepayment wtthaut any
<br /> v=Yr;�q�,�.L,- �.��• p�p3yment charge under the Nate.
<br /> ��`'''` ' „ i 14. Notices. Any nodce to Bomower provided for in this Security Insuument shull be given by deliverin� it or by
<br /> 'h�i::.a5�< .
<br /> � ;::--�.�.,., ; mailing it by first cluss mail unless appGcable law requfres use of another method.The notice shull be directed to the Property
<br /> �.,�,.,,,�,,a, • ' Address or any other address Borrower designates by notice to Lender. Any nntice ta Lender shall be given by first class •
<br /> ` «�+Y,.�+• • ' mail to Lender's address stated herein or any other address Lender designates by nottce to Botrower. Any notice provided for
<br /> �"��;r���,`'���� In this Securiry Instrument ehall be deemed to have been given to Burrower or Lender when �iven ns provided in this �
<br /> � � parugraph.
<br /> , ��. 1S. Govern[ng I.aw;Severabiltty. 'li►is Security Insuument shall be gavemed by fedcral law and the law of the
<br /> ; "' jurisdiction in whlch the Property is located. In the event that any provision or clause of this Security Instrument or the Note
<br /> r;�+'; conflicts with appltcnble law,such conflict shall not affect other provisions of thIs Securiry Instr�ment or the Note which can
<br /> � :;F-�;;;;, be given effeci without the confltcting provision. Tb this end the pmvisions of this Security Inswment and the Note are
<br /> • ^••`°'�'•-`�'-� de�lured to be severable.
<br /> • '. `'`��� 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> '���`--'��•�. 17. 7Yansfer of tde Property or a Bene�ctal Interest In Borrower. If all or uny part of thc Propeny or any interest in
<br /> ,.�:� � ,����E. it is sold or transferred(or ff a beneficfal interest in Borrower is sold or uansferred and Borrower is not u natural person)
<br /> witRout Ixnderk prior rrritten consent,Lender may,at its option,require immediate payment in full of all sums secured by
<br /> '�k;: � �' this Securiry Insuuraenc However.this option shall not be exercised by Lender if exercise is prohibited by federal law as of
<br /> ,4:. . o the date of th{s Security InswmenG
<br /> ,�„ • If Lendrr exercises this opdon.Lender ahall give Borrower notice of ucceleration. The notice shall provide a�riod of
<br /> :;�:.;_�-. ' not less than 30days from the date the notice is delivered or mailed within which Borrower must pay alt surns secured by this
<br /> �-�=a►� Security Instrumen� If Borrower fails to pay these sums pdor to the expiration of this perfod, Lender may invoke any
<br /> ,,;',�>� � •� remedIes permitted by this Securiry Instrument without further norice or demand on 8orrower.
<br /> •° ' 18. Borrower's Rtght to Reinstate. If Borrower meets ceetain condidons, Bo�rower shall have the right to have
<br /> 'v� �" enforcement ot'this Securiry Insut�ment discontinued at any tIme pdor to the eurlier of: (a>5 days(or such othcr pedod as
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<br /> � • �.�� Single I'amily•-E�annk MadFYeddEe Mac l,'NIFORM IN5TRIJMBNT--Uniiorm Covenmits 9/90 (page 4 oj6 pages►
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