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<br /> : condcmnatiun or o!Azr taking af any�,an nf shti Pr��cny.or fa�canvcyancc ii�It����of can�pi7tl��in;�,occ Iics�cGy:{5si�ucd aiul
<br /> �...;...,.
<br /> . shsll l�p�id to L.cnder.
<br /> In�F�e cvmt of a tota! taking of the �'�operty,tha proc;eeds shall t� ap�lled tu tl�c sun��i ticcurcd by Iltis 3tcu+•ity
<br /> --•--- IZStmnicnt, o-rh�thrr or not tlten due. witn a�y cxcess p:�id to Borrower. In th�cvent of u Panial taking uf the['�openy in _
<br /> � wbich tite fair tn:unei value ui�;ic i"���.ty ic+:n.:,d:atet,�zf�m ehc r�k�n;is c����al to ur er�r+�cr ti�an�lie u�r�ou��[uf tl�e�:ums
<br /> secumd by this 5ecuxity Insr.rument imrnediatcly before thc teking,untcss Borrowcr nnd I.endar athcrwisc agrec i��writing,
<br /> the sum9 sccun;d by this Ser.urity Instmment shsll be reduced by the :unount of thc proceeds multiplied by the fullowing
<br /> fractian: (a)�h� total amoun�of thc sum:,secured nmmediately before�tl�e tc+king,divided by(b)thc fnir market vnlue af the ___
<br />— Property immediately Uefore �he t�zking. Any balance shall be paid ta Darrower. In the event of u paninl taking of thr,
<br /> --- propecty in which the fair mnrl:et valae of thc Property immediately before¢he tnk+ng is less than the o�nount af the sums
<br /> - secured imznedi ately beforc the taking, unless Borrower�!id I.ender other��ise agrcc in wri►in�ur unlcss applicable lu�v �
<br /> = otherwise providcs,the procceds sh:sll be a�pDicd to thc nums secured by Uus Sec��rity Instmment whethcr or irot the sums are _
<br /> then due.
<br /> —= If thc Propcny is nbandoned by Borrower,or if,after notice by I.ender to Bonowcr�hat the cordemnor otfcrs to ma e
<br /> an award or settic a clai�n for damages,Borrower fails to respand to Lender within 30 days aftcr the datc the notice is given,
<br /> -�;,: Lender is authorized to collect nnd apply the proceeds,at its option,either to n:stamtion ar repair of the Property or to�he v_
<br /> sums secu�d by�his Security[nstrument,whether or not then due. —
<br /> Unless Lea�der and Borrower otherwise agree in writi.ng, any application of proceeds to principal shall not exter,d or
<br /> _ post,xmc the due date of the monthly payments referred to in paragraphs 1 and 2 or char�ge the omount of such payPm�nts.
<br /> "' 11. Borruswer Not ReleasetD; Farbearance By [.ender i+Ioi a ��aive�. Gxtension af the ticne for � ment or
<br /> �nodification of amortization of the sums s�cured by this Security Listrument�nted by Lender to any successor in mterest --
<br /> �cn+r�-,� of'IIorrower shall no1 opemte to releose the liabiliry of the ori�inal Borrower or Borrower'.s successors in interest.l.ender
<br /> -°'�'=�- shall not be requirerl to commence proceedings ag:unss:u�y successor in interest or�+efuse to extend time for payment or �w_ ,
<br /> y� otherwise modify amortization of the sums secured by this Securiry Instrument by�+eason of any demand made by the originai -
<br />�-'4t�i�'� Bo►rower or[iorrowerls successors in interesG Any forbearance by Lender in exercising nny nght or remady shall not be a
<br /> �Y•;-'-
<br /> ----- waiver of or preclude the exercise of any rigt►t or remedy. __
<br /> �~Y-'�! d2. Successors snd Assigns�o�tnd;Jolnt and Several Liability;Co-signers. 'Il�e covenants and agreemcnts of[his _y_
<br /> .�:'s;:;� Security Insuument shall bind and benefit the auccessors and assigns uf Lender and Borrower.subject to the provisions�f ���_
<br /> ---��� �a►:tgr,iph I7. BoRawer's covenants and agreem�»is shall be joint ac►d several. Any Dorrower who co-signs this Security ��,.:-
<br /> ..--•r�;� Insaument but does not execute the Note: (a)is ca�signing this Securiry Instrument only to mortgage,grant and convey that �
<br /> ��..�,��.� Barrower s imerest in thc Properry under the tertns of this Security Insuument; (b)is not personally obligated to pay thc sums �:.
<br /> -- - ;�:.u�.,C��:r;,c�Lr�,Tr�.2,�mrnr;and(cl agrees that l.ender and any other Borrowcr may agcee to cxtend,modify,forbear �'"
<br />-�°�:���:� or make any accomntodations with regard to the tetms of this 3ecurity Inswment or[ne i�ioic w�u�out ttia. °:.`sso::�r" `�:_
<br /> �'"'' consent. ==
<br /> .., ,L�;•;
<br /> ==.�'�.�•� 13. Loan Chnrges. If the loan secured t�y this Security Instnunent is su6ject to a law which seu maximum oan A
<br /> ��rs:;', charges,and ttaat!zw is finally interpreted so that ihe interest or other loan char.ges collec[ed or to be collected in connection _-
<br /> """°""`' wi[h the loan exceed the pemnitted limits,th�n: (�1�ny such loan charge sh1D!fie reduced by the amount necessary to reduce _
<br /> _�°`'`��''�• sums als+ead collected from Burro�ver wnich exceeded perm�tted limits will be _
<br /> � ` the charge to tiie permitted limit;und(b)anY Y �'
<br />- -����-��!'� refunded to Bomower. L.ender may chaosc to muke chis refund by reducing the principal owed under the Note or by making a .-.__
<br /> a�,:�`�� dinezt payment to Borrower. If a refund reduces principal,the reduction will be treated as a partial prepayment without any �:
<br />..,c.���-.,,�;;� prepaymcnt charge under the Note.
<br /> �'-�^%-�':.:T B 14. Notices. Any notice to Borrower provided for in this Security lnswment shall be given by delivering it or by
<br />__='•1�±,:'..-'� mailing it by�rst class mail unless applicable law requires use of another meihod.The notice shall Ue directed to the Property
<br /> �":.
<br /> _"_`=t,�.. ,.�, Address or any othcr address Borro�ver designav�s by notice to Lcnder. Any notice to Lender shall be given by first class .,,.",.{�_.
<br /> -��-,"�� n t!►is Securi[y Ins�ment shall be deemed�m h.ve beencgven to�Bnonow@rnor�LendeBr�when gi en as p o vdedandthis
<br /> .,�,
<br /> _- _`'-� p�9�Ph � ..
<br />-- --,_��� 15. Coveming Law; 3everabfiity. 'iliis Securiry Inswment shap be sovemed by federal law and the law of the '
<br /> �-_':Y� jurisdiction in which the Property is locat°d• In the event that any provision or cluuse of this Security Instrument or thc Note __
<br /> conflicts with applicable law,such conflict sh;ill not affect other provisions of this Security[nstn►ment or ihe Note which can _
<br /> "-- be �irLn effect aithout the conflictino provision. '[b this end the provisions of this Security Instrument�nd the Note are
<br /> -��.�;� :'. declared tobe severable.
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