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<br /> z coit�lcmnation or mh�r talci;�g uf any ps��t of ilie[',•operty.or for convcyuncc in licu of cundcmnntian,urc i�crcby s►ssigiicd aizd =LL�
<br /> _�„�,o„:,o,� shull hc paicl iu LcndGr.
<br /> !n the eve�u of n to[�I taking of the Prr,perty, Q�e proceeds s4iall be �ppliec! t� tlie sums secured by this Security ..,,s,__
<br /> Inti�rument, �vhethc:or not ihen due,witl� cmy�xcess p:�id ta Horrower. ln thc cvcnt oP a pnrtinl tnking of ibe Property in
<br />°— __ "="�� �,�}�jr�t�hr.f:+ir mnrket vidne nf the Propecty immcdiately Uz(ore►hc tnkin�is cyual ta or gremcr thnn the amoimt of the tiums �,�_�y,..
<br /> secured by this Security Inst►ument immediately before the taking,unless Hurruw�r uitd Leitdey'olhcrwisc ab��ee�n v�ritin�, L- -
<br /> the sutns accured by this Security Instniment shnU l�reduced by the i►maunt of the proceeds multiplicd by the following
<br /> frlction: (a)the iot.i!nmount nF the xtuns securcd imme�iate{y befom the tnkin6,dividcd by(b)the fnir nuvkct v;�lue uf thc =
<br /> Pi�pcny ire►mcdiately before thc tlking. l�ny bal:u�cc s6,d1 be paid to Barrowcr. In thc evcnt nf n partial taking of the
<br /> -- k�roperty in wEiich ttie fair mnrkct valuc of the Propeny immcdiutcly before thc taking is less than the nmount uf dte sums
<br /> ---- securcd immediutely �efore tiie takins, unless Borrower and Lender otherwise,►�ree in writing or unless applicable law _---
<br /> -- --
<br /> -- - other�vise providcs,thc pmcceds tihall 6c npplied to the�;ums sccurcd by this Security Instrumcnt whethcr or not the sums�u•c _____
<br /> --- then due. ��
<br /> -_--- If the Propeny is nbandoncd by Dorcowcr,or if,aftcr notice by Lender to Dorrawer thut the condemnor uffen eo make —
<br /> -- — nn nwnrd or sctdc u claim for damagcs,Borrowcr Cails to respond to Lendcr within 30 d:�ys aftcr thc dutc thc notice is givcn, ��_
<br /> ---------- 1_ender is authcrir.ed ro collect nnd apply the proceeds, ut its option,either to restoration or repair of the Property or to the — _
<br /> -- sums securcd by this Securiry Instru�nent,whcthcr or nut thcn due. �—�-°
<br /> Unless I.ender and Borrower otherwise a�ree in writing,any application of proceeds to princi�al shUll not extend or --
<br /> _ postpone the due date of the�nonthly paymcnts refcrced to in paragraphs 1 and 2 or change the amaunt of such payments. �—_.
<br />—_-----��_�-- l3. Horr�wer Nut Iteleused; Q+orkearac►ce By Lender Not a Wniver. Exrensian af thc time for payment or �
<br /> ----—� --�— modifi�ation of amartization of the sums secured by this Security instrument granted by Lender to any successor in interest �,�,,_`
<br /> -�� '��q�� of Borrawer shall not operute to rcicase the liabiliry of the original Borrower or Borrower'.s sucecssors in interest. Lender ----
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<br /> -- .-..�����_r,_'_�� shsill not be reyuired to eammence proceedings againse.my successor in interest or refuse to extend time or payment or
<br /> -°-- othenvise modify amortizatian of thc sums secured by this Security Instrument by reason of any dcmand mude by the original �'
<br /> •`—'`r`x�''+��t�'.'=� Borrower or Borcower's successors in interest. Any forbearance by Lend�r in exercisin�any right ar remedy shall not be a -
<br />==�:±��.;...::;s,d, r`;
<br /> wseiver of or prerlude the exercise of any ri�ht or remtdy. -.
<br /> ° ��'—`�```������-� 12. Successors nnd Assdgns Bound;,loint and Several Liubllity;Co-signers. The covenants und agrcements of this
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<br /> ., --�-.. Security Instrument shall bind and benefit the successors and assigns of Lender:uid Borrower,subject to the provisions of �._
<br />°'�'_"��'��¢�,�.,� paragraph 17. Borro�ver's covenants nnd agreements shall be joint and several.Any Aorrower who co-signs this Security -
<br /> ---� ' Tnstrument but does not execute the Note: (a)is co-signing this Security Inswment only to mortgnge,grant and convr,y that �:�'
<br /> <s�',:.'
<br /> �': . , Borrower's intemst in the PropeRy under thc terms of this Security Instrumenr, (b)is not personully obligated to pay thc sums
<br />--`�`T.i'�'r:f;+=•
<br /> . .-•�• �t�,.�: secured by this Security Instrument;nnd(c)agrces that Lcnder und tuiy other Borrowcr may agree to extend,modify,forbear �t.
<br /> �`� or make any accommodations w►th re�ard co IIIC lCfltt�u� i'iiS .�i�.�Ui�:j :�°L%'������ ^��ti� Nntr wi�hrn�► th�t Bottower� �x+�
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<br /> _?�'5;����,��� consent. __._
<br /> W',==:g.,s�$��'• ' 13. I.oan Charges. If the loan secured by thiti Security Instrument is subject to a law which sets mar.imum loun �•-
<br />*r�:�i M,�A"''`� charges,und that law is�nally interpreted so that the interest or other Inan charges collected or to be callected in connection
<br /> �s,�• . •
<br />-__�•� �"�' with the loan exceed the permitted limits,then: (u)any such loan charge,hall be rtduced by the amount necessury to reduce ;�-__.
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<br />����,�ar.;e�,t�„-,. the charge to the permitted limit;and(b)any sums alreudy collected fram Borrower which exceeded pe�Tnit[ed limits will be
<br />.,:���++�+ �o�'�.!'`.;;' refunded to Borrower. Lender may choose to make this rcfund by reducing the principal o�ved under the Note or by making a �:'
<br /> "�"`'`�-" direct payment to Borrower. 1!a refund reduces principal.the reduction will be treated us u partial prepayment without nny �;y,=
<br /> �E� i+r��.� prepayment charge under the Note. -
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<br /> �di.r�.+i�.�rw+ 14. Notices. Any notice to Borrower provided for in this Security Instrument shnll be given by delivering it or by `_
<br />- mailing it by first class mail unless applicnble law reyuires usc of unothcr mcthod.The notice shAll be directed to the Property •;_.
<br /> ti-�•.`����T',ry.� Address or any other nddress Bonower designates by notice to Lender. Any notice to Lender shull be given by first class ::,,•
<br /> -- —�� muil to Lender's nddress stated herein or any other address Lender designates by notice to Borrowec Any notice provided for
<br />..�.ti,,,;,,�..':y.?--_ in this Security Instrument shall be deemed to have becn given to Boirower or Lender when given as provided in this �. -`
<br /> � �,� ,'�_� ara h
<br /> �Y p 15p Governing Luw; Severability. This Security lnstrument shall bc govemed by fcdcral law and the law of die
<br /> °=°'r'"-''°'•• �i " urisdiction in which the Property is located. In the event that any provision or clause of this Securiry Instrument or the Note
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<br /> � •>q=i: : conflicts with applicable law,such conflict shsll not affect other provisions of this Ser.uriry Instrament or the Note which can
<br />�-s��;*"p`�_:��:.: • be given effe.ct without the conflicting provision. To this end the provisions of this 5ecurity Instrument and the Note are ,
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<br /> �..:,..;t., �, dcclarcd to be severable. •
<br /> r i;;�����,ti�; .:� " 16. Borrawer's Copy. Borrower shall be given one conformed copy of the Note and of this Securiry Insirument.
<br />_-`.:T-_-;,:�.�- ,�., 17. 'IFansPer of the Property or a Seneficial Inferest in Borrower. If all or any part of the Pmperty or any intcrest in
<br /> ��"4'�"�M;���.�• it is sold or transfened(or if a beneficial interest in Borrower is sold or transferred and Borrowcr is not a natursl penon)
<br /> ������.�1�-=r'�..'� without Lendcr's prior written consent,Lcndcr may,at its optiun,rcyuire immediate payment in full of all suma secured by
<br />',��� this Securiry Instrument. However,tfiis option sha�l nnt b� exercised by Lender if exercise is prohibited by fedcral law as of
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<br /> : ',•�. :°: ,: the date of this Security Instrument.
<br /> - � •- If Lenderexercises this option,Lender shall give Borrower notice of aceeleration. The natice shall prrnide a period of
<br /> �- • '� `' not less than 30 days from the dute die notice is delivered or mailed within which Borcower must puy all sums secured by this
<br /> .�.� " - �' ' Security Instrument. If Bonowcr fails to pay these sums prior to thc expiration of this period, Lender may invokc any
<br />- ' " remedies permitted by this Security Instrument without further notice or demunJ on Borro�ver.
<br /> . 18. iiorrower's Right to Reinstate. If Borrower meets cenuin eonclition`. Borrower shall have thc right to hnve
<br /> - • enforcement of this Securiry Instrument discontinued at any time prior to thc earlier of: (a)5 days(or such other period as
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