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<br /> crmdemnatian ar ot6�er teking nf any�urt uf the E'�nperty,cti•fix cunvcyux�in lieu ot�caiuknu�atlan,xre�er�,by�.+nigncd ra! �
<br /> sh�ll bc��aEd w Lendre. ' �. .
<br /> in the avent of a towl t+dc�n�.of� F�op�ny. thG KIIlII AO A�Ur,d"io t�v xsiir►w secu►�:d �y thi��c.w:r,� �
<br /> In�tn�xnent.whetk�sr or ncM Q�rn duc.vJitlt wny cxa�� .to lionrrwer. In ttlG e�er�i af a p►utta4 takins o4'the Property in „
<br /> which the 6tJ�mulcat value af the Fzoperty immediuety beCoro the t�(dn�is uyual tu or�+e�ter tbar�tho�urwunt df dw wms ..
<br /> secured by thi�Sccuriry Instrument immedt�tel�t bofae the tdclnR,unlo�►s Bo�mwer�nd,lender cut�ervvi�q ap�ee in wdtin�.
<br /> Gho cucns sccur•.si by this Sccurlty EnsYnunent ehall bs t+cdttced by tlz��rn�nt�f th*rr+��q m�Fltinl;eYi riy�he�fo�lowlHg .
<br /> ,, fr�cdo�: (a)tha tatul�unount of.the wms securod Immeciiataly before the t�&�u�led hy�?'1 tha fair mar�t vdyF a►[the
<br /> Pcoperty immedietcty befom the t�kln�. Any l�lu�ce shall 8e paid to.Bunr,wer. In the�vent of e puti�l t�king of tha
<br /> Pcoperty in which the feir market value of the Proporty immediately 6efon the WFIng 3s less than the a�nount af the sams
<br /> secured immcdletely before tha trking. unless Bomawer �nQ I.ender oiherwlse�grce in wrtting or unleas �p�plic#bk law
<br /> otherwise pmvIdes,the:proce�dx shall be applied w q�e sums securcd by t'ttie Suurlty Inaerument wlx�ther or not t+he?qums ara
<br /> then due. �
<br /> [f tha Property is abandoncd by Borrowcr,or if.after aotice by Lcad,er to Horrowet that the condeYnn�a offets Ro make
<br /> an award ar settle a claim for damtges,Borrower faiis to reapoisd to Lendcr wlthin 30 days aftar the d,aec tho notia[s given,
<br /> Lender ia authorized to collect and epply tha procads,at its optlon.either.to restoratIon or nepair of the Property ar to the .
<br /> sums secured by this Securiry In�tcuntent,whcther or not thcn due. ,
<br /> Unleas Lender nnd Borrower otheiwIse agrea in wrlting,anyappiicadon of proceada to principa!shaU not extend or
<br /> poitpone the due date of ttie montbly payments referred ta�in paragraphs 1 und 2 or change the amount of such paysnente.
<br /> 11. Borrower Not Released;, Fbrbear�nce By I.ender Not a Waiver. Extensian oP the time fa pay�ncnt qr '
<br /> modtfication of amortizadon of the sums secund by this Securiry Insuument granud by Lender w a��y successor In inttrest
<br /> pf Hornnwer sh�ll not operate to nelease the liabillry of the orlginal Horrower or 13orrower�successors in intcrest. L.ender
<br /> shall not be required to commence proceedinga against any successor In interest or refiise to extend time for payment or
<br /> othanvlse modify amortizadon of the suma secured by this�ecwity Insuument by reason of any demand made by the origlnal
<br /> Hornower or Bornower's successors in InteresG Aay forbearance by Lender in exerciaing any dght or remedy shall not be st
<br /> ' walver of ar preclude the exercise of any r�ght or remedy.
<br /> IZ. Successors and Asstgns Round;Joint and Several Ltability;Co-sJgaers. 'Ihe wvenants and a�reements of this
<br /> Sscurlty Instrument shall bind and benefit the successors and ussi$ns of Lender and Horrower,subJect to the pravisions of
<br /> paragraph 17. 1Barrower's covenants and a�reements shall be joint end several. My Borrower who casigns thts 5ecurtty
<br /> Instrument 6ut does not execute the Note: (a)is co-s�gning this Securiry Inatr�ment onl,y ta mortgage,grant tind convey that
<br /> Botrower�s interest in the Praperty under the tetms of this Securjty Znsuumen� (b)is not personnlly obllgated to pay the aums
<br /> � secured by this§ecurity Jnstrumenr,and(c)agreea that Lender and ony other Borrower may ngree to extend.modify.forbear
<br /> or make any accommodadons wIth regard to the tenns of this Security Uisnument or �he Note without that Bonowert�
<br /> concent.
<br /> � 13. Loan Charges. If the loan secumd by this Secucity Instrument ia subject to a law which sets maximum loan
<br /> eherges,and that law is t"inaUy interpreted so that the intereat or other loan charges collected or to be coilected i�connection
<br /> � with the loan exceed the permttted limits.then: (a)any such loan charge shall be reduced by tlie amouM necessury to reduce
<br /> the cherge to the permittc:d limit;end(b)any sums already coltected fram Borrower which exceeded permitted lImits wIll be
<br /> I refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a
<br /> dIrect payment to Bomower. If a refund c�educes pdncipal,the reduction wIll be treated as a pa�tia!prepayment�vithout any
<br /> prepayment churge undor the N'ot,e.
<br /> I 14. Notices. Any nodce to Borrower provIded for in thls Securlty Instrument shall be given by delivering it or by
<br /> matling it by ffrst class mail unless applicable law requires use of unother method.The notice shall be directed to the Property
<br /> Address or any other addresa Horrower designetes by notice to Lender. Any nodce to Lender shall be given by first class
<br /> j �nail to Lender�s address stated hercin or any other addness Lender designutes by notIce to Borrower. A�y notice provided for
<br /> i in this SecurIty Insawnent shall be deemed to have been given to Borrower or Lender when given as pmvided in this
<br /> I paragraph.
<br /> i15. Gove.^ning Law; Severabllity. This Security insdument shall be gavemed by federal luw and the law of tho .,�
<br /> , jurixdicdon in whtch the Property is located. In the event thut any provision or clnuse of this Secudty Instrument or the Note
<br /> � conflicts wlth applicable law.such conflict shull not affect other provisions of this Secudty Instrument or the Note which can
<br /> � be glven effect without the conflicting provision. 1b this end the pmvisions of this Securlry Instrument and the I�Iote are
<br /> . � derlared to be severnble.
<br /> ' ' 16. Borrower's Copy. Borrower shall be gjven one confomr,ed copy of the Note und of thls 3ecurity instnament.
<br />- Y 7. 'ttnnsfer of the l�operty or a BeneHcfai Interest in Borroaec If all or any part of the Froperry or any intcrest in
<br /> �� �� it is sold or transferred(ar►f a beneficial interest in Borrower is sold or aansferred and Bomower is not a natura! person)
<br /> i without Lender's prior written consent,Lender may,at its option,require immedlate payment in fuil of al!sums secured by
<br /> �;,. �'�° + this Security insuument. Hnwever,this optlon shuil not be exercised by Lender if exercisc is prohibited by federa!law as of
<br /> ri, �;:.� � the date of this Security InstrumenG
<br /> �'ti�`• i If Lender exercises this optIon.Lender shall give Borrower notice of acceleradon. The nodce shall provide a pedod of
<br /> not less than 30 days from the date the notIce is delivered or mniled within which Borrower mi�st pay all sums secured by this f�,,
<br /> � Securlty Insuument. If Borrower fails to pay these siuns prIor to the expiration of this pedod. Lender may invoke any ,_°��
<br /> 'a' '?<; ; remedies pemtitted by this Security Instrument without further notice or demand on Borrower.
<br /> ' 1S. Borrower's Ri�ht to Retnstate. If Borcower meets csrtain conditiona, Borrower shall hnve the r��ht to have ':�
<br /> 3��'��'��,' � , enfor�ement of this Security Instrument dlscondnued at any time prior to the earller of: (a)5 days(or such other period us �:
<br /> __.:�,.�,�. ..�:
<br /> ,r.•°��. j_ Single Family-Faonte Mae/Fteddle Mac UNIFOItM INS7'RUMENI'--Unifortn Covenunts 9/90 (page 4 oj6 pagesl
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