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<br />= ` `� <��: '� k, coademt�ation or other taTain�of any part of ihe Prap�rty,or for canveyance in lieu of candemnarion.am heceEy ass�d ar►d ' .. • : � �_
<br /> -.. �, . shan be paid Eo I.ender. � �-
<br /> - � ` In the event of a Wtal taking of the Property.Ne pra:eeds shatl be applied ta thc sums secuced by this Security . °_`-
<br /> � � � ' �ment,arhether or nnt thea due.with any excess paid to 0orrower. In Bne eveat of a partial taking of the Fcop�ny m __
<br />_ � which the faa market value of the Property iminediate4Y before the talcing is equal to,or�eater than the am9um of the sums � <,,. _
<br /> : ` . secvred by this SSCm�ity Iastrument immediately hefore tt�e taking.untess 8orrotiver aad Lender otherwise agree in�vriring. ' . �
<br /> = .+ , � � • , the suins sccured by�his Securiry tnstrument shall be rrduced 6y the amount of the provceds muttiplied by et�� foltowing ' ..
<br /> ° fiaction: (a)the toial smonni of the sums secused immodiately 6efoie the taking,divided by fb)the fair market value of the , k �,�'�;�
<br /> � � progeAy immediat•<.1v before the ta.I�g. Any balance shall ix paid to Bomou•ec. In the event of a partial takiag of the . ;. r''
<br /> 6efare the talcin is!�s tban the amflunt of the sums -
<br /> _ , - � pruperty in which dte fair mar�cet valne a€the Pso�reY'smrt�ediats1Y � • -.
<br /> , �. secuted immediateip hefore the taking.tuiless Borrower and Lender otherwsse agtee in writing or unless applicabte taw . ._.
<br /> ' .. otherwise provides.tF�Pm�s shall be appGed to the swns secund by ihis Sec�ety TnstrumQn�whether or not the sums are ` . , '_
<br /> : ���f ' ` then due. . ,
<br /> . � . `. " .. If the pcoperty is abandaned by Bo�wer,or if,after notice by Leuder w Barmwe�that the condemrtilr affers tu matce . ° •�• _ . _
<br /> ` an award or seule a claim for damages.Borrawer fails to respond to Lender wichin 30 days after the date the notice is given, '• _
<br /> w :
<br /> °-,S •'� , Lender is authorized to coltect and epply the proceed.�,at its option.eithes to restaration or repair of the Property or to the t ; .._
<br /> sums secured by this Ser.u�ity Inswmen�.whether or not there due. � ��' � •-
<br /> � 4Jntess(xnder an�Bomower otheiwise agree in wcirinpr any aF'Plication af prncee�is co principal ahal!not extend or z� vY�-�``,- y::
<br /> . . 'postnane the due date of the mnnthly payments refemd to in parag,�ap 6 s 1 an d 2 or c h a n g e t h�a m o u m o f s uch pa y ments. i ._ , �"�
<br /> 1 1. �o s r o�v e* N o t Y t e iease�. Farbearance gY Leoder Not a Wmver. Exteasion of the time.for payment or �__., __
<br /> . � modification of amoniradan af the suras secured Isy ttiis Security Insnument g�anted by Lendet to any successor in i n t e r e s t -�a,��
<br /> � � � of Bormwer shall not operate co release the tiabitiry of the original Borrower or Borrower's sacoessors in interest• Lender ��� _ - -.
<br /> '���"' ' . � shaU not be required to commence proceed►n8s aSain.R anY successor in int�rest or refuse to extend time for paymeat or �__
<br /> . ' otherwise modify amoitiradon of the siams secured by dus Security Instrument by reasan of any demand made by the originai ��--.
<br /> tira -�---
<br /> �� � ' Borrower or Bflrrower's successors in interest. My fotbeatance by Lender in exer�ising any right ar rem�y shall not 6e a �.. ----
<br /> , ; � ' waiver of or preclude the eaercise of any right or nnnedy. � �.�-
<br /> . � • :.. °` i Z. S u c c e s 5 o r s a n d A s s t g n s Bmind;doin4 and S�vera!ldabilitq;Co�sigaers The covenants a*�d ag�eements af this ____
<br /> : .-;;sr'�', gecuriry Iastmmeat shall bind and benefit the successo�s and assigns of L e n der a n d Bairutsrer.sa b}e c c t o t h e p r a v i s i o n s o f . __-
<br /> . . .. , pazagraph 17.Horrower�s rnveaants and agreements s�all be joint and seveial.Ar►y Ba��ec a�co-sigas this Security
<br /> all
<br /> ` ` � Insu�ument but does not execute the Note: (a)is co-signing this Security t*LS�ument only to ffiortgag��ant and corwey that
<br /> . � Borrower's iaterest in the I�cogerty ander the tem�s of tius Security Instnimem� (b)is not pe�sanatly obiigated to pay die swns
<br /> .. .-_ se�ured by this Securiry Instmmenx and(c)agree.s that I.endes and any othea�orrower maq agce�to extend,mad9fY•forhear _
<br /> � � ' � . or make any accommodations with ce8ard to the terms of ti�s Security [nswment or the NotF witbout that Bo�ower's
<br /> • • . : . conseRt. . A Instrumeat'ss sub'ect to a laa wtuc4�sets maxiffiunt loats --- _
<br /> 13. Loan Ch.�es. If the loaa secured 6y this Security j ---
<br /> �;j.e' ;� •.� � c}�arges,and thac I��y4nally inter�reted so tI��:e interest or other loaza�uges collected or to be coltected in cormection
<br />_ - . . with the loan exceed n�e permitted luniu.tke� t i�any such toan charge sh�:i be re�uced by tha amoaat c_soessarr w reduce •
<br /> -. :'s'�:; ''' , the charge to the pem�itted limi�and fb)aaY sams already collected from Sorrower wh�ch exceeded per�tte9luniis will lse -
<br /> • � "'��' refunded to Borrowec lxnder c�y chaose to matce this iefund by mducing the princiPal oa'ed�nder the Note or by making a .
<br /> ��. �n ent withant anY --
<br /> � � .!•°,h;t;: air�t payment to Borrower. If a rziund reduces princiPal,the reduction will be areated as a Partial P�P� ��_`Y=
<br /> � =:`�:'...:i�:;:.. •.
<br /> ',�. . � �'�:;;'Y�`: prepayment chazge under the Note. - -
<br /> ''� •�'���' '' 14. Nottces. Any notice ta Bosrower praz:ded for in this Security insirument shall he given 68y�eliver6tg it or by =_�
<br /> -�,-��.
<br /> , .i,�`i:,'; -..
<br /> . :} • mailin�it by first class mail unless applicable law requires use of anoti�er met3iod.'I1ie nodce shaU be d'us��to the Ptopeity
<br /> , '` �..�;���.4 Add.*ess ar any other address Borrowep designates by notice to Lender. My notice to L.ender shall be given by fitst ctass �'�o
<br /> • ;,�`.,jl. mai�tr�Lender's address stated herein or any other address L.e�.d,�r designates by noace to Borrower. Any notice pmvid..�d for ��a
<br /> ' � � . in tnis Securiry lnswment shall be deemed to Bave been��en to Borrower or Lender when given as pravided zn this ' �.�
<br /> ;:,� . P��Ph• �'�_
<br /> " `' • ' IS. GoverniW;I.aw; Sevesab�iity. This Security Instrument shall bw,ovemed by federal law an�the law of ths
<br /> � ,'i=:;�Y:,-- �' �'`�
<br />• !�,r,:� . jurisdiction in whicn cne Property is lacated. In dr�event that any provision�r clause of this Securiry Era,.�ument or the Note
<br /> ' � � conflicts arith applicabte taw.such conflict shall neat affect other provisions of this Security Inswment es the Note wluch can �-�_ .
<br /> ' '•���a•�- be giv�effect without the canflict:ng provision. To this end the pmvisions of this Seceuity insvument attd the Note are �
<br /> _ . . ir,'t•.�.. � .
<br /> decl�rai to be severabte. -
<br /> ' � ' � �6. Borrower's Copy. Bot:�aer shall be given one conformed copy of the Note and of this 5ecur'ity.➢nstroment. _
<br />- • 1�. 1t�nsPer of the Property or a Benef cial Intesest in Borrower. If all or any part of the P�v�arey or any interest in w__
<br /> � it is sold or transfeired(or if a bene�CCial interest in Bosrower is sold or transferred and Borrowet is rot a nataral person) _,_-
<br /> �s ` ' ' . widlnix Len der's prior wri tten consen t.L e n d e r m a y,a t i u o p t i o n,r e q u i r e i m m e d i a t e p a y m ent in full of aill sums secured by �.�'--- -�
<br />-_ • . tn[s�o:urity Instrumen� However.this option shall not 6e exercised by Lender if exercise is prohibited by fedetal L3w as af ;:�''=�•�:
<br /> r�_--u_`
<br /> �� � . � the dafe of this Secouiry Instrumer:t. ���.__ -----.__
<br /> •��.�,�� �• " If Lender exec�ises this optian,L.ender sh�ll give Borrcz�er notice e€:�celeradon. The notice�1�alt�rovide a g�eriiod of -• �,_;.
<br /> `"�i � ' not tess than 30 du9s fmm the date the notice c:d�-?ivered or mailed witlun:uirch Bonower must pay a1.1���.�ns secured by this ��•';����='','
<br /> -.+"i:r ' . ' " � �.
<br /> - � � � Security instrumen� lf Borrower fails to p,.y �I:ese sums prior to the expira6on of this periad,Leaaer may invoke any `'' _
<br /> n.�n-wdies pennitted by this Sec�:r�ry lnswmer.:a ithout funher notice or demand on Borrower. ': '�"` '_�
<br />- • � . � ' 1 8. B o r r o w er's Ri g ht ta IIieiastate. If Borrower meets certain conditions. Beaower shall have the right to have ,
<br /> . , ` . � enfc:cement of this Security In.�nament disco-tinued at any time prior to the earlier of: (a)5 days(or such other peri o d as . -.
<br /> . .1�. � � Single Famity—�aa-..te�c�ruclFreddte lHac UN(FORM IIVSTRUMEN'i'--Unitonn Covenantv 9l4� /Page 4 of b poge�) ' •
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