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<br />.� .. condcmnation or uthci•lakiug uP i�ny part of Ihc 1'ruperry,ur fur rnnvcyuncc in licu��f'cond��mnnNun,.u�c hc��cF�y u�;�:i�mcd und I '., ..
<br />- ° shall bc paid to I.cncir.r. (_. .
<br /> '�'`.,=;,°`=�-..` °• In thc cvent of .� total t��kin� of �hc Prot:crty, thc prncccds tihall [sc upplicd to N�c sunn �ccu�td by tliiti Sucurity .---
<br /> _. . �..�;:�-� --
<br />-----�:'�'�c��;,!"?�?T''�°';:;' Instrumc�u,wl�cther ar not �hen duc. with any cxcetis p.�id tu liorcowcr, In tha evenl uf u pa�tinl Inkini, nf ilic 1'roperty in
<br /> a `_'.'�`-__—' __ wliich thc Giir nu�rkct vnluc oP�hc Property immcdiratcly beforc thc tnking is cyu:d to or grcntcr thc�n Q�c untount cif thc sums v
<br /> ---- ;.�.,�,.,� ,ccurcd by this Security lnstrumcnt immcdintcly bcforc thc tuking,unlcss Iior�mvcr imd I.encicr c►thenvisc ngrcc in wrlting,
<br /> ��'-T the tiums ,ecured hy thih Security Instrument shall be reduced Gy the amount of th�prace�ds mult3plled by the folloe:ing �
<br /> =--w��� frtiction: (n)�hc total iunoum c�f the sums sccured immediately bc:fon�thc taki�g,divided by(b)thc f+�lr mnrket vniuc af'dic
<br /> --°...�-�t�-d--.-� Propcny immcdiatcly bcforc thc tuking. Any haliuicc shall bo paid to Bun�wcr. In thc evrnt of ii pnrtinl tiikiug aF thc
<br /> �='°:,"._.���';�'�'' +`=`� Pro rt in which thc fair market vnluc of thc Pro crt
<br /> ______��'� {� Y p y immcdiutcly beforc th�tukin�r is Icss thnn thc u�nount of thc sinns
<br /> .�,4'a�'�. sccured immediattl bcfarc�hc tukin unless Borrawcr und Lcndcr oth�nvise i� rcc in �vritin or unlcss a I�cablc law
<br /> -��_''_'�=;-u"Y'..�:r., Y 6. b 8 pP�
<br /> „T V;`,{,17,�y..�,,Y,.,,;,� othcnvisc provides,tlte procceds shall be upplicd ro thc,ums sccurcd by this Security Im;trumcnt whether or not thc,ums arc
<br />_.,_�.-� thcn duc.
<br /> ---�'=`����' -'�`�`��.� � !f thc Prope�ty is abandoned by eorrnwcr,or if,aftcr noticc by Lcndcr to lio�•owcr thnt the condcmnor offcrs to mnke �
<br /> _ �'��'±���';.< an nwnrd or setde a cl.iim for damnges, Borrower fuils to mspond to Lender within 30 dayc after thc dntc�he notice is Eivcn, _ -..
<br /> -°~-'=°'�"='�Y• °;«� " Lender is authorizr.d to collcct nnd apply the procceds, at ies option,either ro restoratiun or rcpair of the Property ar eo thc -
<br /> ��r_�=;,;�r.��.,_:}�.�
<br /> _ .�.. sums secured by this Securiry Instrument,whether or not then due. �_
<br /> - g;':�;,,�:!�',r�w ti°� .� Unless Lender and Borrower othenvise agree in writing,any upplication of prcxccds to principal shnll not extend or —
<br /> �.�:r"• os Y P Y P' S P S P'Y
<br /> v=�`��_•tE,'-• �t „ p tpune the due dute of the monthl a ments rcfcrrcd to in arn ra hs I anJ 2 or chan e the amount of such s mcnts.
<br />_-`"�_�"•'A?��'�� 11. Dorrower Not Released; Forbearsence By l.ender Not � Waiver. Extension of the time for puyment or
<br />_ _='="''{�„t � �n�, moditication of nmortization of the smns secured by Ihis Securiry Instrument�ranted by Lender to uny successor in interest
<br /> ���;;;� .a.,;,;ti':rt= , of aorrower shall not operate to releasc thc liability of the ori�inal Borrower or Bonawer's•successors in i�uerest.Lcnder "
<br />-v_s��.:,.r�+,�,.��:,: shaU not be required to commence proceedings ugainst nny successor in intei:st or refuse ro extend time for pal�ment or
<br />� othenvisc modify amorti7ation of the sums securcd by this Security Instrument�y rcason of any demand made by the original _ _
<br />�;�..�.;� Burrower or Borrower's successors in interest. Any forbearance by Lender in exercesing any right or remedy shall not be a ='
<br /> -�n�,.,.:-,� �
<br /> -.,,,��'�,St;'��;t��;�:,�� waiver af or preclude the exercise of:uiy right or rcmeJy.
<br />•�-�`." � � 12. Sitcce.ssors and Assigns Bound;Jotnt And SeverAl l.i�abllity;Casifiners. The covena�ts und agrcements of this _.
<br />"=-'�°_•;.'�:=;.�•.:'�•'�.'�E; Security Instrument shall bind and benefit the successon and ussigns of Lender and Borrower, subject to the provisions of
<br />�-'•�'��`��>���' -'!• . • par.tgmph l7. RottowerS covenants and agreements shall be joint and several. Any F3orrower who co-signs this Security
<br />=,.,a,-,_,,j'�,i.,•',r.
<br /> ::.,-;r::;:,- ,•*�•� • Instrument but does not execute the Note: (a)is co-signing this Security Instrument onty to mortgage,grant and convey that -
<br /> T''�n�" � ' Ronowcr'.s intercst in the Propeny under the tcrms af this Security lnstrument; (b)is not personnlly obligated to pay the sums
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<br /> - � °� � secured by this Security lnstrument;und(c)agrees that l.ender and any other Borrower may agree to extend,modify,forbear -'�
<br />=',��� , '� , or make an accc,mmodations with re vd to the tenns of this Securit Instrument or the Note without that Borrower:s -�
<br />- a.,k,.t� , cansent. y S` Y -_-
<br />���"+�'�°�`��.ti-���^���` � 13. LoAn Charges. If the loan secured by [his 5ecurity Instrument is tiubject to u law which sets maximum loan --
<br /> �,�4' � ' ' �'' , charges,and that law is finally interpreted so that Ihe interest or other loan char ee collected or to be collected in connection �
<br />-����-'��: '` • ' " with the lo.�n exceed the permitted limits,then: {a)any such loan rharge shall bc rcduced by the amount necessary to reduce �
<br />��'?,�;.� . _
<br /> . � ,,, the charge to the�ertnitted limit;and(b)any sumti already collecteJ from Borrower which excceded�ertniued limits will be
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<br />;;}�,:•.,� : •�'x,;" rcfunded to Borrower. Lender may choose to muke this refund by reducing the principal owed under the Note or by making a ��_
<br /> -_ �, ,;,,,, direct payment to Borrower. If a refund reduces principal,the reduction will be trcated as a partial prepayment without nny �''�`�-=
<br />;.�;�:�;i'� •,-'"•�'• prepuymemchargeundertheNote. ��'�
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<br /> }Y���._�,.,:.-�e�•-- 14. Notices. Any nutice to Borrawcr provided for in this Security Instrumcnt shull bc given by delivering it or by y;�_
<br />�;.°�=-.��.:������• ,._ • mailing it by first cla►s mail unless applicable I:►�v requires use of another method.The notice shall be dirccted ro the Property '',�
<br /> ~��---�-•-����-�� . Address or any other address Bocrowcr designates by noticc to Lender. Any noticc to Lender shall be given by �rst cl�.ss -
<br />��? ' mlil to Lender:s address stated hzrein or any other�►ddress Lender detiignates by notic�to E3orrower. Any notice provided for
<br /> _-;`£`L,.�-i�'wira Ju-•,...
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<br />_t;':;�._.�_<<y:yd f.��_,_.�` d_ in [his Security Instrumcnt shnll be decmed to huvc bccn givcn to Borrowcr or Lendcr �vhen given:ts provide:d in this
<br /> "•:�b-�.,<��,n...,,�z� parugraph. �
<br /> �,,, z; , -9�"��'' * 15. Governing Luw; Severubility. This Security Inst�ument shall Hc govrmed by fcdcral law and the IAw of the
<br /> a- '"'">x"�"' jurisdiction in which the 1'mperty is locatcd. In thc cvcnt that any provision or clau�c of this Sccurity Instrument or thc Note
<br />;"�_�r.'"''�"'a!'�'..*.';"" ' conflicts with applicable luw,such conflict shall not:�ffect other provisions of this Securiry Instrument or the Note which can _
<br /> �u�t�"�.�-'" "'���� " be given effect without the conflicting provision. To this end the provisions of this Securiry Instrument and the Note arc
<br /> '�" declared to bc severable.
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<br />._;:�,^��;;�.• � " •• 16. Borrotver's Copy. Bonower shall be given one confortned copy of the Note und c�f this Security Instrument.
<br /> - •~' . . 17. 'tl�ansfer of Yhe Pruperty or:�Benefici�l Interest In Borrmver. If all ur,�ny part af thc Propeny or any interest in
<br /> '-��W��, . it is sold or trsnsferred (or if a beneficiul interest in Borrowcr is sold or transterred and Borrower is nat u naturul penon) ��
<br />--� . - without Lender�prior written consent, Lender may,at its uptiun, rcyuire immediate payment in full of all sums secured by
<br /> — this 5ecurity Instrument. However,this option tihull not be exercixed by Lcnder if exercise is prc�hibited by feder.�l law as of
<br /> r�- - ° �� the date uf this Security Instrument.
<br />�=�1` � If Lender exercises this option,Lender shall give Borrower notice of accel�r.ttion. Thc notice shall provide a period of
<br />�J„;,,. ° � not less than 30 days from thc date the noticc is delivercd or muilcd within which Borrower must pay al l sums secured by this
<br /> f±;;,=���,�� ' Security Instrument. If Borrowcr fails ro pay thcse sums prior to the expinition of this period. Lendcr may invokc uny
<br />�n�'Q"�""�- , rcmedics pern�ined by this Security Instrument without further notice or dcmand on Borrower.
<br /> -� ` 18. Borrower's Ri�ht to Reinstnte. If Borrower mects cenain condition�, Borrowcr shall havc thc right to havc
<br />��i � enforcement of this Security Instrument discontinucd at uny timc prior to thr rnrlier of: (a)5 Jays(or,uch other periai as
<br />�� � � ' Singlc Family--Fannlc M1fuc/1•1-cddlc�Tac UNIFORM lNti7'RUMF:NI'--Unifum�Co�rnann 9/90 �����r J u'n �a�.�
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