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<br /> curt.d:uu�c:ti�fa s,ruFii:,t��fci�i�of any E���i�f de^E���;,::;�y,ur fc�r c�iuvcy.�yicc iyi IE;:u cyf c�nd�r�m:ition,ara iicr��sy e,:�i,:�a��u!
<br /> ��iiall b;;p�ild ir�i�«dce. �
<br /> -=�,�;;«:�,;,u,�,�,�r:,.�..:�� in l�tc event of n totnl tnking �f'the[�'ro��rty, ¢lse pi•uceeds sliall bc n��plicd so thc sur��s sc:cuecd Uy this Scc�3r�ty ! •.�-
<br /> "�''"'�=.�J��a''4"�:`� Instnnnent,�vhc�hcr or not Uun duc. wid►any exccs��p.iiA to Aorrowcr. I� dic cvcnt of n pardial taking of th�I'ro�rerty in
<br />_='���t''�-�� which thc fnir markct vaPuc of'thc Property'.r��mcdintcly befom thc taking is equnl ta or grenter tl�an ihc amouretof tLe surns
<br /> -- sccurcd by this Security Instrument immediately before the taking,unless Borrawer unci l.cndcr otherwise agrcc i�wr�ting,
<br /> •_;_��_"=;'„.�–.=�':� • dic su�ns securcd by this Security Insm+mcnt shall be rcduced by thc nmount of the proceeds multiplicd by the follawing
<br /> -=—=������ i'rleUan: (a}thewtal nmount of the sums su;ured immedintely befure ciia tu�ci�ig,divided Uy(b) tiia iaic�ti����cY v�c:�e c�Qie �
<br /> ___- P�bperiy im�nedlatcly hefore the tnking. Any balance shnll be pntd to Aonower. In ihe event of a partinl tnking of thc
<br /> __ :.�v�:;y;�� Propeny in whtch thc fair market value of die Property immcdintely before the tnking is less t�nn the amount of the sums
<br /> ����'- sccured Imm�diately beforr, th� taking, unlcss Borrower and Lender otherwise a�rec in writing or unless npplicuble !aw
<br /> :u�::. —
<br /> ---__�?�'_�`? othenvise provides.thc procceds ahnll be Applied to the sums secured by this Se�urity Insirument whether or not the sums are
<br />��r:�a�:1 ..a�._.
<br /> _--:,�'•:..�� ,. thenduc.
<br /> �� u�.�.
<br />_.:,;�;:';ze^��. .... If the Property is ubandoned by Borrower,or if,after notice by Lender to Borrower diat the condr,mnor offer�to make
<br /> °_�.`�tp����d'f�;; un uward or settle a clatm for damnges,Porrower fa:ls to respond to Lcndcr within 30 days aftcr the datc:the nuiice is bive►►, °
<br /> _ - '���° Lender is autharized to coilect and ap�ly the proceeds,at its option,cithcr to restoration or repair of the Property or to Q:c
<br />-___`'��_',�t:""�'.}'�,`. sums secu�red by this Security inswment.whether or not then due.
<br /> ::;;;'; .
<br />�°•::• � •• Unless Lcnder�nd Bonower otherwise agree in writin�,any application of proceeds ro principal shaU not extend or _
<br />'�' , � pastpone the due date of the monthly payments referrcd to in paragraphs 1 and 2 or charege the amount of such payment�. e�.;
<br /> � �_:_
<br />.$. .; ' 11. Borrower Not Released; EoPbearunce By Lender Not A Wulver. Extenslon of the time for pnyment or ��<�-
<br /> madificntion af amoriir.ation of 1he sums secured Uy this Security Instrument grnnted by L,ender to any successor in interast �
<br /> '�""•"� � � of Borrower shall not operate to release the liability of the odginal Borrower or Aorrower's successors in interesi.Lender _
<br /> �; ,;;. :: shall not be required to commence proceedings against uny successor in lnterest or refuse to extend time for pnyment or
<br />�;::`;:�._:,�.�. � othenvise malify amortization of the sums secured by this Security Instrument by reason of any demand made bythe origina! �r.�:
<br /> + ."'�•��:�� �� �` Borrower or Borrower's successors in interest. Any forbearstnce by Lender in exercising any ri�ht c�r remedy shalA not be a .«
<br /> • :+, ,,. :::,:c,;_,� ,::
<br /> ` ' �:i''•� ���,,,i;: ° wuiver of or preclude the exercise of any right or remedy.
<br /> � �'��"` �' �`� 12. Successors and AssJgns Bound;Jnint and Several Liubility;Ca•signers. 'The covennnts and a�reements of ihis "`°"
<br /> ; � ;`��; Security Instrument shall bind and benetit the successors and assigns of Lender and Borrower, subject to the pruvisions of ---
<br /> . ,c;";,• �, paragraph 17. Dorrower's covenants and agreements shall be joint and sevetal.Any Borrowar who co•signs►his Security
<br /> � Instrument but does not execute the Note: (aa is co-signing this Security Instrument only to mortgage,�rnnt and convey that
<br /> Borrowers interest in the Property undcr the terms of this Security Instrument; (b)is not personally obligated to pay the sums __
<br /> secured by this Security Instrumene, and(c)Agrees that Lender and any other Bortower may agree to extend,modify,forbe:u�
<br /> . „ or make any accommodations with regard to the terms of this Security Instru�nent ar the Note without thAt Borrc�wer�s
<br /> consent.
<br /> � . . �_.. .._.... a . c.... ' ' h:o.r tn . Iw�y �u cat� nrl �� �n•1 ---
<br /> _ .3. i.vu■i Ciui�;c;. ii'�i-�e �.,ar,.:..�r� !;y �h„ wII.YI�tI�� [r�i,::m.r.t ;s s;:,,,,,.s. ... .s hi�h :ta_ m !n :n
<br /> chi�rges,sand thm luw is Gnally interpreted so thiit the intere.r•t or othcr loun cliarges callected or to he collected In connection
<br /> with the loan cxcecd the�x:nnitted limits,then: (:q nny xuch loan charg�+hi�ll be reduced by thc nmount necessnry to reduce
<br /> ° the chnrge to the permitted limir,nnd(b) ony vums alrcudy collected from Iiorrower which exceeded permitted limits will be
<br /> " refundcd to Iiarrowcr. Lcndcr mny cltoo�c to�nukc this rcfund by rcducing thc principal owcd undcr thc Notc or by mnking i� -
<br /> •� dircct payment io Borrower. If u rcfund rcducez principttl,the rcduction will b�trcutcd ns a partinl prepaymcnt withaut uny
<br /> prep�yment chnrgc undcr thc Notc. -
<br /> 14. Nutices. Aay n�tice to Borrower provided for in this Security InstYUment shall be given by deliverin�;it or by
<br /> mniling it by first class mnil unlcss applicable luw rcquirc:s use of unother method.The notice shull be directed to the Property
<br /> � Address or any other address�orrower designates by notice to Lender. Any notic:e to Lender shull be given by first class -:-
<br /> . , mail to Lender s nddress stuted hcrein or any other addre,s Lender designatcs by noticc to Borrower. Any notice provided for s_.:u-
<br /> " in this Sccurity Instrument shall be deemed to huve been given to Borrowcr or Lender when given as provided in this
<br /> ara ra h. ,:;`�
<br /> P E P �Y:�:
<br /> , 15. Governing Lnw; Severabillty. This Security Instrument shall be govemcd by fedcral law and the law of the - _ _
<br /> •- jurisdiction in which the PropeRy is located. In the event that any provision or clause of this Security instrument or the Nnte -_
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can _
<br /> be given effect�vithout the conflicting provision. To this end [he provisions of this Security Inshument and the Note are
<br /> declared to be severable.
<br /> 16. Borrower's Copy. Borrower shull be given one conformed copy of the Note and of this Security Instrument,
<br /> 17. 1lranster oY the Property or a Bene�ciul Interest in Borrow�r. if all or any pan of the Property or:my intcrest in -
<br /> � it is sold or transferred(or if u beneficial interest in Borrowcr is sold or transferred and Borrower is not a nantral person) '
<br /> _ without Lender's prior written consent,Lender may,at its option,require immediate payment in full of all s�rns secumd by �
<br /> � � " this Security Ins�rument. However, this op[ion shall not be exercised by Lender if exercise is prohibited by fcderal law as of
<br /> �, thc datc of thi�Security Instrument.
<br /> If Lender�xemises this option,Lender shall give Borrower notice of ucceleratiuu. The notice shall provide a period of
<br /> �• not less than 30duys from the date the notice is delivered or ntailed within�vhich Borrower must pay all sums secured by this
<br /> , .. Security Instrumcnt. If Borrowcr fails to pay these sums prior to the expiration of this period, Lender may invoke any .
<br /> ' remedies permitted by this Security Instrument without further notice or demnnd on Borrower.
<br /> • 18. Bor�•ower's Rtght to Reinstate. If Borrowcr mects ccrtain conditions, Borcowcr shaU have the right to have
<br /> �
<br /> enforcement of�his Security Instrument discontinued at any time prior to the earlier of: (a)5 days (or such other period as
<br /> Singlc Family••Fnnnfe Mnc/FYcddte Mac UNI'rORM iNSTRUMEIV7'--Unifomi Covcnanu 9/90 (pnge 4 oJ6 pagrs)
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