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<br /> . condcmnation or olhcr takin�of any part uf�hc Pruperty,or fnr c�,nvcyun�c in licu uf cundcmu�ition.,ir.hrrchy:lhhl�tncd and
<br /> sht�ll he p:id lo I.Gndrr.
<br /> In tt�e cvcnt of a loial tahin�: of Ilic Niuprny, thc prucccd� tihall Ivr ;y;plicd tu ihc tiumti ,rcui�d hy Ihiti ticruriry
<br /> .' Instruntcnt, whcthcr or not thcn duc,with :nry cxcc+� paid tu Borcowcr. M �hc cvcnt nf a rani�d �:ikinl,uf thr. Nroperty in
<br /> ' �vhich Utc fair mcnrket vnluc nf thc 1'ropcily im�ncdintcly hcfnrc Ihc taking iti ci�ual w nr grratcr diun ihc�imuunt oP Ihc�unts
<br /> _:;.,,.;t . . ...y sccurcd by this Srcuriry Instrumcnt inunc�iiately U;:fnrc thc ti�kiub. unl�ss[�orro�vcr:ind L.cndrr iuhrnvitir ngrcc in�vriting.
<br />• • , die sums sccurcc� by this Sccurity Inslruntrnt �h:d) hc rcduccd hy thc amoum ut' Ihc procccds ntulliplicd b�� Ihc follnwiug
<br /> frnr!inn: (i+) thc totnl .�mottnt of�hr�um�.rcurcd inuncdiatrly hcfo2 thc ti�kinE.dividcd hy (b)�hc Giir msirkct valuc of Ilic ��
<br /> '�;�L�iA' .�'`:.�rfa:4i Nropertp im�t►cdiatcly bcfun�hc t.iking. Any balmicc shall he� paid w f3onowcr. In thc cvcnl of a pactial tak�ng ot thc
<br />= ... Proper�y in which thc fair markct v;duc of thc I'roperty immrdiatcly bcfor�thc taking is Ic�s than Ihc umount of thc �un�s
<br /> . ' s�cured inuncdi;�tcly bcfo��:thc uiking. unlc4ti Borro�scr and L.rndcr othcnvisc .igrcc in �v�ilin�; ��T u��i��� ��n�r<<�nt� luw
<br />�`; othcrwisc pruvides,thc procceds sliall bc applicd w the suntti ticcurcd by�his Scrurity In+trument�vhctlter or nol Ihc�umti cin=
<br /> ' �'; then duc.
<br /> ..� � If thc Propeny i,abanJoncd by Borroa•cr,or if,aftcr notice Uy Lendcr to Rurmwcr that thc cottidemnor offers to m�dtc
<br /> . ' an award o:sctdc a cluim fur damages,Borrowcr f.iils ro respand ro L:ndcr wit6in 3U days aftcr the datc thc noticc is givcn.
<br /> . ' Lendcr is nuthoriud to collcct and apply thc procecds,af its option,eithcr to rcstora¢ion or repair of Nie Property or to ihe •
<br />_ • ,, sums secured hy this Security Instrumcnt,whcther or not then duc. '����
<br /> � Un(ess Lender and t3onvwer othenvise agree in writing, any application of proceeds to princip.►I sh.ill not extend ar �':t--
<br />- � postponc the due date of thc monthly paymentti referred to in paragraphs I and 2 or change the amount of such payments. -
<br /> ' ll. Borru�vcr Not Released; E'orbctirance 13y Lender Not a Wafver. Ex[ension of the timc for payment or ':
<br /> modification af amortization of the sums secured by this Securiry Instrument gr.tnted by Lender to any successor in interest 'u'��
<br /> -,_.
<br /> � � of Borrower shall not operate ta release the liability of the originul Borrower or Borro�ver's Successon m intemst.Lcnuer ..,.=
<br /> shall not be requircd to commence proceedings ugain,t uny ,uccessor in intenst or mfuse to extend time for payment or !'r4=.
<br /> � ' otheRVise modify a�nortization of the sums secured by this Security Instnimen[by rcason of:uiy demand made by the original �n.:,
<br /> • � Borrower or Borrawerti successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a —
<br /> waiver of or preclude the excrcise of any right or remedy. ��� �
<br /> �: � . 12. S�ccessars and Assigns Buund;Joint urtd Several Liability;Co-signers. Th�covenants:uid agrcemcnts of this �,```
<br />� � , Security lnstn�ment shall bind and benefit the succes�on and assigns of Lender and Borro�ver,subject to the p►uvisions of
<br /> • , � paragraph 17.Borrower'.s covenants and agreements shall be joint and sevcr.d. Any sorrower who co-signs this Security ��+"
<br /> � Instrument but does not execute the Note: (a) is co-signing this Sccuriry Imtniment only to rnonga�e.�rant;u►d convey that
<br /> • ' � Borrower'.s inrerest in thc Propeny under thc terms of'this Security Instrumenr. (b) is not personally oUligated to pay the sums
<br /> , � secured by this 5ecurity Instniment;and(c)agrccs thut Lcnder nnd:uiy other Borrower may agnee to extend,modify,forbe:�r -
<br /> ;.�r,,, or make any accommodationti with regard to the ter-ms of this Security Instrument or the Note without that Borrower's
<br /> .. consent.
<br /> � S3. Loan Chnr�es. ff the loan secured by this Securiry Instniment is subjcct to a law which scts maximum loan =_
<br /> charges,and that law is finally interpreted so t�at the interest or other loan charges coltected or to be coiiecced in cun«cciioii
<br /> •• with the loan excecd the pertnitted limits,then: la1 any such loan charge shull be reduced by the amount necessary to reduce
<br /> the charge to the pemtitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits will be
<br /> ' ` ���i�' °� refunded to Borrotver. Lender may rhoose to rnake this rcfund by reducing the principal o�ved under the Note or by making a
<br /> �.;,.:�
<br /> direct pnyment to Borrower. If n refund reduces principal,the rcduction will be treated as a partial prepayment without any
<br /> , prepaymen[charac undcr the Note. �
<br /> 14. Notices. Any noticc to Borrower provided for in thi�Security instrument shall be given by delivering it or by =
<br /> � �� muiling it by fint class muil unless applicable law reyuires use of another m�thod.The notice shall be Aireeted to the Property
<br /> Address or any other address Borcower designates by notice to Lender. Any notice to Lender shall be given by first class -
<br /> r',i,;;, mail to Lcnder's address stated herein or sny other address Lender designates by notice to Borrower. Any notice pravided for �_-
<br /> ;;�.ti•; in this Security Instrument shall be dcemed to have bcen given to Borrower or Lender when given as providcd in this �--
<br /> • paragraph. _�
<br /> . • . . iS. Governing Law;Severability. This Securiry Instrument shall bc govemed by fcderal law and thc law of the :°
<br /> � � � " jurisdiction in which the Property is loc:atcd. In the cvcnt that any provision or clause of this Security lnstrument or the Notc �-°--
<br /> � conflicts with applicablc law,such conflirt xhall not affcct other provisions of this Security Instrument or tlte Note which cmi F-='
<br /> ' '`'�°�' be given effect without the conflicting prrnision. To this end the provisions of this Security Instrument and the Note are �_-''
<br /> �•;>< �`_
<br />• . � declared to be severable. �:_-
<br /> 16. Borrower's Copy. @orrower shall be given une canfurn�ed copy of the Note,tnd of this Securiry Inst�ument. �._
<br /> 17. '[lransfer of the Property or a BeneSicinl Interest in Borro�ver. If:dl or any pan of thc Property or any interest in - -
<br /> � it is sold or trar►sferred(or if a bencficial interest in Borrowcr is sold or smansfe�ted and Borrower is not a natural person)
<br /> • �� �vithout Lender's prior written consent.Lender may,at its optiun,require immediatc payment in full of all sums sccured by `�_
<br /> - -• this Security Instrument. However,this option shail not be excrcitied by Lender if exenise i�prohibitecl by fedenl law as of � _,
<br />; � , the date of this Security Insirument. �"-�
<br /> � ��" If Lender exercises this option.Lender shall give Borrower notice uf uceeleration. 7'tie notice shull provide a period of •'
<br /> z�,:X not les�than 30 ciays froni the d�ite the notice is delivend or ntuiled within which Borrower must pay all sums secured by this
<br /> ti� Security lnstniment. lf Borrower fails ro puy the,e sums prior ro the expir.�tion of this period, Leader may invoke any ..
<br /> �, � remedies permitted by this Security Instrument without futther notice or demand on Borrower. •.
<br /> ' 18. Borro�ver's Ri�ht to Reinstute. If�orrowcr meets renain conditions. 8orrosvcr shall h�vc the right to hnvc
<br />"`� „ . enfo:ecment of this Securiry instrument discontinued at any time prior to the earlicr ot: (a) 5 days i�r .uch other period as
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