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<br /> ,. cundcmnatiun��r oU�cr�akin�;of nuY pn�t of thc FroRcny.or foi•convcyuncc in licu af�oti�ctctinmtiun.t!►�Dci�cl�y�±;:;i;�r.ct1 ru�� r"�
<br /> � shnll b�p��id to l.cndcr. � .
<br /> w.:;:.:'
<br /> ;�� - � In the event of❑ totul iukinCl af the Propcny,ihc pro�:ccds Ehnll bc nppfled to thc sttm9 ::4cur�d by t1�i� Securily
<br />:",��' ' ',''' �; Instnimcnt,wheti�cr or nat thcn dttu,with nny cxr.ess paid to Dorrowcr. in Aic cvcr�t of n partin!taki�i�a�f tl�e Nrope r t y in �
<br /> `�'�.u.�-�.:;,-� which thc fnir rnnrkci vcdue af the Propeny imntcdiutely before titw taking is equul to or greutar than tho umowyt a�'the awns
<br /> =����=� ��''"'`���' secured by this Securiry Instiwnent imn►cdintely before the taking.unless Borrower and l.ender otherwise agree in w►iting.
<br />,� ,�,, ,.� ' � the sums secured by this 5ecuricy Instn�ment shnll be reducPd hy Ihe nmo�mt of the proceeds multfplted by tlie f'ollc�wi+�v _
<br /> -_-•�s�►�t�.'. f'ri�ction: («)the totul nmount af the Eums securcd immediately before the tnkf��g,divided by(b)thc fair market value nf tho •
<br /> -�;•�-�;aT1�.--,'��'���•�- P��openy immedintely before thc takin�. Any balcuuc shull bc p.dd to Bonower. In the cvent of a partinl tsking of sha '
<br /> Y;.j�:,. "`� -�. Propeity in which thc fnir madcct vnluc of the Propcny immedintcly bcforo thc tnking is less thnn thc nmaunl of thc hums�
<br />—°W��;;�'':;��s�.'':'.. tecured immediutely befur�the t�lcing. unless Borrawer nnd Lender oth�rwiss ngree in writing nr unless applicabie law
<br /> -'� � `''`:�a: otherwise pravides,the proceeds shall be appl[ed to the sums secured by this Security Insuumenc whether or not the sums ane
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<br />_r:t.,�.:;:.:�:.�,a:.�K�:. • thcnduc. —
<br /> ,.�� ..�.. .s ..-. If thc Property is Abandoned by Bonower,or if,uf�cr nulice by LenJer ta Hoao�ver Qint l�ie cuiid�uuiuc offci,to���:::
<br /> �'•'�`::.'��.';';��;`�,",;; an uward or setde u c:tAim for damagcs,Borrowcr fails to reapond to Lender within 30 Auys after the date thc nouce is given, �
<br /> �• � •�;���'°�..• Lender is authorized to collect nnd apply ti�e prnceeds,at its option,either to restoration or repair of the 1'ropeny or to th�
<br /> �:t 'C` �,.;' _��:r'°. .
<br /> ° xs . �: sums secured by this Security Instrumen[,whether or not then duc.
<br /> ,R. ....�.. ,...p._�n.�'
<br /> .:� � �-..�::�•� Unless Lender and Bonower otherwise agme in writing,any npplication of proceeds to pr�ncipa] shall not extend or
<br /> , �� �';��..,: ,�� postpone the due datc of the monthly payments refcrred to in parag��aphs 1 and 2 or changr the ainount of such payments.
<br /> " ` '��•'�0"''d�" I1. 6orrower Nat Rclensed; rorbes�rance By Lender Not e Waiver. Exrension of the dme fur payment or
<br /> :�'^��. .• •�.Z�.r�ao•�.i.:
<br /> f-"�' '<: �'.�'^• : modificution of:unonization of the sums secured by this Securiry Instrument grunted by Lender to any successor in interest
<br /> '�,:'. . ...
<br /> � . ' . of Borrower shall not operate to release the liability of the original Boreower or Horrawer's successors in inte►es�.l.Cnder
<br /> '�, , . sl�nll not be required to�ommence proc�edings ugainst uny successor in interest or refuss to extend time�'ur payment or
<br /> ' ��' '�.� ' � �� othenvise modify amortization of the sums secured by Qtis Sccuriry Insn-ument by reason of any demand made by the original
<br /> Borrower or Borcower's successors in interest. Any forbenranca by Lender in exercising any right or��emedy shall not Ue u
<br /> ..� ''.�'.:.;;,°°:`�•' v�aiver of or preclude the exercise of any right or�medy.
<br /> � 12. Succeuors und Assi�ns Round;Jotnt and Several LtebfUty;Co-s(gners. Thc covenunts and ngreements of this
<br /> - Security Instrument shnll bind and benefit the successors and assigns af Lender und Borrower. subject to the provislons of
<br /> '�, puragraph 17. Borrowcrti covenants and agreements shall be joint nnd severul. Any Borro�ver who co-signs thia Securiry
<br /> • ' Instrument but does not execute the Nate: (a)is co-si�ning this Security Instrument only to mortgage,grant and convey that
<br /> "' '� " Botrower ti intcrest in the Property under thc tertns of this Secuary Instn�ment; (b)is not personully obligated to pay the sums =
<br /> ' secured by this Securiry Instrumenr,and(c)agrees that Lender und any other Bonower may agree to extcnd,madify,forbeor
<br /> . or mnke any accommodations with re�ard to the terms of this �ecurity Insuument or the Note wi�iiout d�at �iorrowee's
<br /> consent.
<br /> �� 13. Loan Charges. !f the loan secured by this Securiry (nstrument is subject to u Inw which seu maximum Ivar�
<br /> � " charges,and that law is finally interpreted so that the interest or other loun charges collected or to be collected in connection
<br /> » � , with the lonn exceed the permitted limits,then: (a)any such loan charge shnll be reduced by the amount necess�ry to reduce
<br /> .. the charge to the pennitted limir,and(b)any sums already collected from Borrower which exceeded permitted limits wil!be
<br /> refunded to Borrowcr. Lender mny choose to make this refund by reducing the principal owed under the Note or by making u _
<br /> direct p:►yment to Borrower. If a refund reduces principul,the reducrion will be treuted as a partial prepayment tivithout any
<br /> " . . pnepayment char6e under the Nate. _.
<br /> , • 14. Noticcs. Any noticc to Borro�vcr provided for in this Seamty Instrument shnil be given by delivedng it or by
<br /> . • mailing it by first class mail unless applicable law requires use of anothcr mMhod.The natice shall be directed to the Property �r'''"-'
<br /> Address or any other nddress Borro�vcr designates by noticc to Lender. Any noticc to Lender shnll be given by fi�st class �"`�"
<br /> � mail to Lender's address,tuted hcrcin or any othcr address Lender designatcs by notice to Borrowcr. Any nodce provided for �`-`-`-�'_
<br /> " , in this Security Instrument shull be deemed to have bcen given to Borrower or Lendcr when given as provided in this __
<br /> - paragraph. R
<br /> � ' � l5. Coverning I.a�r•; Sevcrubllity. This Sccurity Instrument shall be bovemed by federal law and the law of the �-.
<br /> �' �urisdiction in wyirh the Propeny is located. In the event that uny pro�•ision or cl�use of this Securiry instrument or the Note �:;�:
<br /> , ' ° conflicts with applicable law,auch contlict shall not affect othcr provisions of this Security Instrument or the Note which cat7
<br /> be given effect���ithout the conflicting provision. To this end the provisi�ns of this Security instrument and the Note are ''%s�:�
<br /> �� declared to be sever.ible.
<br /> ' , 16. Borrower's Copy. Borroa�er.hall be given one confortned copy of the Note and of this Security Instrument.
<br /> "' 17. 71•nnsPer uf the Po•operty or:i lieneficinl Interest in liorrower. If all or any purt of thc Property or any interest in ;;.-��
<br />=.?.C.. it is sold or tr:uisferrcd (or if u bencticial intcrest in Borrowcr is sold or transfcrmd and Borrowcr is not a natural person)
<br /> -"�° " " �vithou[Lender's prior written ronsent, 1Lcnder may,at its option, requirc immediate payment in full of all sums secured by
<br /> , � this 5ecuriry bititrument. However,�his opiion,hall not be exerciseJ by Lender if exercise is prohibited by federul law cu of "
<br /> ��� the datc of this Sccuriry Instrumcnt.
<br /> .+'' . If Lender exercises this option.Lender shall give Borrower notice of accelerntion. The notice shull provide a period of
<br /> •'� " not Icss than 30 dnys frc,m the datc thc notice ix delivercd or mailed within which Borrower must pay all sums secured by this
<br /> , Sccurity [nstrument. If Borrower fails to pay thc,e sums prior to the expiration of this period. Lender may invoke any
<br /> �... :.
<br /> • � , remedies permitted by this 5ecuriry instrumcnt without funher notice or demnnd on Borrower. �,;
<br /> � • � 18. Borrower's Rlght to Rcinstate. If Bortowcr mcets ccrtain conditions, Borrowcr shnll hnve the right to have �
<br /> enforrement of thi�Sccurity Instrument discontinued at any time prior to the earlier cf: (a)5 days(or such other period as
<br /> tiingle f�mily-•hLnnic�1ndl•Ycddie M11nc UNI�ORM INtiTRUMF.VT-•Undnm�Curenants 9/90 rpa_qr d�/n�wges) i
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