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<br /> eondemnat;on or otQtcr tuklr�}�of uny Rast Lf the Properry,or for conveyance 1n lieu of condemnntion,arc cre y+nas�gned nnd
<br /> shal!ba paid to I.ender.
<br /> ln the cvent of a total taking of the PmpeRy. thc pracuds shall be applicd to'the sum9 r+ecurcd by ihis Secudty
<br /> Insuument,whether or�at tQten due, with any oxce�ss paid to H�rrow�r. tr►the event a�f a partial taktng of the Pcoperty in
<br /> •+vhich tlu fatr market value of the Prope►ty immediately before thc taking ia equal to or groaser thun the amount oP the sums
<br /> secuted by this Sec�dty Inatrument immedlately before the taking.unless Borrawer and Lender otherwise agrce in writing,
<br /> the sums secui+ed by thiy Sesurity in�teumunt ah�ll b:,reduced by the anount of the proceeds multip9ied b tho faJlawing
<br /> a
<br /> fraction: (n)the total amount of the surns secured immr.ctiately befora the teking,divlded by(b)the fetr m et value of the
<br /> property immedlutely before the taklaB. Any balance ahall be pald to 9onower. In the event of a pnrtial tnlcing of the
<br /> propecty i�whlch the feir murket vulue of the Propercy immedlately befoie the talcins is less than the amount of the sums
<br /> secured fmmediately before the taktn�,unless Bormwer and Lender otherwise agree In wrhing or unless appl(cable 1aw
<br /> atherwlse provides.the procecds shall be applied to the suma secured by this Securiry Instrument whether or not the sums ure
<br /> then due.
<br /> If the Pmperty ia abandoned by Bo�rower.or if.after notice by Lendcr ta Borrower that the condemnor offer:s to meke
<br /> an uward or settle a claim for damages.Borrower faila to respond to Lender within 30 days after the date the notice ia given.
<br /> Lender 1s uuthorized to collect snd apply the proceeds.at its aption,either to restoratlon or repair of the Property or to the
<br /> sums secured by this Securlty Instrument,whether or not then due.
<br /> Unless Lender and Borrower othenvise agree iti writin$,any applicntion of proceeds to prfncipal shull not extend or
<br /> postpone the due daus of the monthly paymenis refened to in para�rapt�s I and 2 or chunge the amount of such payments.
<br /> il. Borrower Not Released; Fbrbearance By Lcnder Not a Waiver. Extension of the time for payment or
<br /> modificntion of amartization of the surne secured by this Secur�ty Insuu�nent 6ranted by Lender to any successor ir intereat
<br /> of Borrower shall not operate to release the liability of the orlginal Eorrower or�orrower's successors in interest.Lender
<br /> shall not be required to commence praceedings against any succassor in interest or refus$to dxtend time for payment or
<br /> ;�„ • t,",•�-�'�� � otherwise modify amo�tization of the sums secured by this Security lnswrnent by reuson af any demand made by the odginal
<br /> � �'''j" �� Horrowcr or Bomower�s successors in interest. Any forbearance by Lender in exercIsing any right or remedy shall nat be a
<br /> . •��' _ � � � wniver of or preclude the exetcise of any rlght or cemedy.
<br /> j �`� �*'�' ' 1Z. Successors and Asstgns Bound;JoEnt and 3everal Lia6Utty;Cas igners. The covenants and a g r e ements of this
<br /> Tr:r..� ' •-
<br /> S�+Y�:����•�� ' Securiry Insuument shall bind and beneflt the successars and assigns of I.ender and Borrower.subject to the provisions of
<br /> . .,;..:, .,
<br /> '. ��,� ��°'•` {•' paragraph 17. Borrower�s covenants and agreements shall bs jaint ami several.Any Borrawer who co-signa this Secunty
<br /> �''„� �'"`�`��° " Instrument but daea not execute the Nae: (a) is co-signing this SecurIry instrument anly to mortgage.grant and convey that
<br /> '��¢;�."�;�_:° . �'•. gorrower�s interest in the Property under the terms of this Security InctNmcnt; (b)is not personally obligated to pay the swns
<br /> �",.'•�'. . 'Nb'.
<br /> secured by this Securlty Instrument;and(c)agrees that Lender and wny other Borrower may asree to extend,modify,forbear ,�;.
<br /> t;:''[���:.'���;� "•• `� or make any accommodations with rcgardto the terms af this Secunty Instrument or the Note without that Burrower's
<br /> �
<br /> ��'f ��� � � '�''' �a�13. Loan Charges. If the loan secwed by this Securiry Instrument is subject to a law which sets maximum loan
<br /> ';�;;� `, �� charges.and thnt law is finally interpr�etecl so that the interest or other loan charges collected or to be callected in connection
<br /> <,,,,.��,- °. ' with the loan exceed the permitted limits.then: (a)uny such loan charge sNall be reduced by the amount necessary to reduce i t
<br /> .;t:,: . '. the charge to the permitted limit;and(b)any sums already collected itom Borrower which exceeded permitted Itmita will be
<br /> raftutded to Borrower. Lender may chaose to make this refund by nducing the pdnclpal owed under the Note or by matcing a
<br /> ,�';,. •• direct payment to Borrower. If a cefu�d mduces principul,the reduction will be ueated as u partial prepayment without etty
<br /> ,;�;;;.R. ;; , , prepayment charge under the Note.
<br /> ;,: ;:'';ti , 14. Notices. Any notice to Botmwer provided for in thts Security Inswment shnil be given by delivering!t or by
<br /> -„�M�m,�., �.,.,. ,,, mniiing it by tirxt clsss mail unless applicable law requires use of Another method.'The nottce shall be directed to the PropeRy
<br /> ,,,,,,.,.. .. .. .. Address or any other address Borrower designates by nodce to Lender. Any notice ta Lender shall be given by first class
<br /> �n+ • muil to Lender's address stated herein ur any other address L.ender designates by notice to$orrower. Any notice provided for .
<br /> .,j_,, �,.�„ . : ,R�. � in this Security Instrument shall be deemcd to huve been given to Borrower ar Lendcr when given as provtded in this
<br /> .:;r�:N.;.,;•.;. P��Ph.
<br /> ,.,�,-a..:�:.,,:..• :: 15. Gover�ing l.aw; Severab[Ilty. This Secudty Instrument shall be govemed by fedeml law and the law of the
<br /> ...,,,:;,;.,... ,�. . jurisdiction In which the Property is locuted. In the event that any Srovision ar clause of this Security Instrument or the�tote
<br /> . conflicts wlth npplicuble law,such confltct shall not affect other prov isions of thts Security Instrument or the Note which enn
<br /> '� � be g{ven effect wtthout the conflict[ng pmvision. To this end the provisions of this Secudty instrument und the Note are
<br /> •• ' declared tobe severable.
<br /> � 16. Borrower's Copy. Borrower shall be given one conformeci copy of the Note and of this Security Instrument.
<br /> 17. TransPer of the Property or a Beneflctal Interest in Borrower. if u11 or any parc�f the Property or uny interest in
<br /> '����••' �„ . it is sold or ttansferred(or if a beneficial interest in Borrower is sold or uansferned and Borrower is not u nntural penon)
<br /> ` �> � � without I.ender's prior written consent,Lender may.ut its opdon,require immediate payment in full of nll sums secured by
<br /> �`i�! � ihis Security Instrument. However.this option shall not be exerciscd by Lender lf exercise is prohibited by federal law as of
<br /> ; the date of this Security[nstrument.
<br /> ''y��,�. � If Lender exen:ises this optiun,Lender shall give Bonower notice of accelerntion. The notice shall provide a periad of
<br /> ,�_` ,_ � , not less ihan 30 days from the date the notice is delivered or muiled within which Borrower must pay ull sums secured by this
<br /> .•. . , Security Instrument. If Bortower fails to pay these sum�prior to the expiration of this period,Lender may invoke nny
<br /> remedies permltted by this Securiry Instrument without further notice or demand on Bocrower.
<br /> ° •, � 18. Borrower's Right to Reinstate. If Borrowcr meets ce►-tnin conditions, Barrower shall have the right to have
<br /> +� " • enforcement of thts Security Inswment discontinued at uny time pr�a to the earlier of: (u)5 days(or such other perlod as
<br /> � . • •• " Single Family••Flunnle MaelMYcddte Mac UNIFORM INSTRUMEIVT--Unifortn Covenents 9190 1poRe 4 of 6 pages)
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