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<br /> .a � `,. � condemnatiaa or other taking of any part of the Fro�erty.or for conveyance in lieu qf condemnation.are het�by assigned aad , �
<br /> ,�..ht"� ' :.�: ��� , shalt be paid to I.endet. ' , `�•.:�'�',
<br /> - .. ..� �:, .
<br /> _.. . In the evetrt of a tot�aF ta�ing of the Properiy. the pxocseds shall 6e applied to the smns secared by tT►is Secwicy . .. - -
<br /> '�`Y` • , . Instrument,w6ether.or aot tlsen due.�vith any excess paid to Borrower. ln t4te event of a partial taking mf the t'mpert3+in ..
<br /> �• "� •, � '. ' ' which dtx�Fair maricet valus of the picapetty�anediazely before the taking is eqnal to or Sreater than the arnount of the sums `�s•. � -
<br />._;�`3iC, � .. .r..0 �__
<br /> � �`� � s�by this Security[asuuinent imr�sediatelY 6efore the taking.�mIess Botrower and Lender utherwise agree in writing. . ' '� <.. . . �-
<br /> . �.4 . . . • . ' the sums sec�ted by this S�curity Insuument shali be reduced by the amount of the procceds multiplied by the foliowing ` :� � � {--
<br />_ ;..$ � �.��` fraction: (a)the tatal amaunt of the sums s$caied immediatety bet'ore the takin�.divided by tb)the fair market value uf the , �••• , ' =_
<br /> _ pioperty inunediately 6efo�z the taking. Ang balance s4iall be paid to Bamnwer. In the event of a partIal ta�g of t�e _
<br /> , � Progert5+in whicit[he fair mazket value of the Pioperty immediatefy befare the taking'is less than the am�cumc of ths swas =
<br /> secured imme�atety before the talang. untess Bacrawer and Lender otheiwise agree in writing or untess app2ica6le law _ -
<br /> _ otherwise psavides,the proceeds shaU 6e applied to the smns secuzed by t6is Security Insuumeat whether or not the sums are _
<br /> `-�,•.
<br /> L�r: . �r. . : L�t2il dlle. :� '' ,e.�
<br /> If the Prnperty is a6andoned by Borrower,ar if,after notice by Lender to'Bonower that the condemnor offeis to make .!Fu„1 •—
<br /> an award or s�ite a claim for damages.Bo�rower faiLs co resgond to Len�r within 30 days after the date the nntice is given, :?�,� � L � �__.
<br /> � ��
<br /> .� :' _ " Ixnder is authorized to collect and apply the proceeds,at itc optio�,either to restorattan or tepair of the Property or to the .�,�+� ;�,.
<br /> �-�.• .; •` ;� sums sec�ued 1ry this Secvrity Instnnnent,whether or aot then due. _° _-- -
<br /> o-, . � Unless Lender and Borrawer atherwfse agree in writing,arry appticadon of prac�s to principal shall not extend as . . �����. �
<br /> �� postpane the due date of thc manthly payments refeired to in pa�raphs t and 2 or change the amount of such payments. �`�:�
<br /> ..`��. ..f `.���;�� � li. Borrower Not ReYeased; Fos6earance By I.euder PIoi a 'Wuiver. Extension of the t�me for a ent ar �`-_`-_--- --
<br /> P Ym ��-=_—�4, -
<br /> •' •� .'. .. � '.'" modification of amortiaation of the sums secuted by this Securisy L�stniment granted by Lender to any suc�essor in intetest _-_- --
<br />_�`�, �� ., : . of Borrower shall nas.aperate ta release the 6ability of�he original Bormwer or Borraw�r's succ�ssors in interes�L.ender - -_
<br />-..;..,:• � �• .,',.� � shall not be cequi��iytmmmence proceedings against any successor in interest or refase*o extend rime for Payment�'.�,' • ' ,. -_-
<br /> .� �. � � , • . . othelwise madify amc�ti.au of ths sums secvred by tbis Security tnsuument.tn?�+zasan of aay`demand made 1sy t he ari�::�;:, �- _
<br /> � ' Botrower ar Borrowers 5�t:ccesso�en intetest. My for6earance by I.ender��.��rcising aiy.right or rea�tedy s6a11 Rei�Z.a' �-_.-----
<br /> s' -� �' S t _ waiverv�or preclude the exerci'se�shy right or remedy. . � '.�
<br /> '.{s:�� ' 1�`Successors aiid Asstgns T�camd;Joint and Severai Laab�ity.C�gneps. Tke cavena�ts and c�eemen�af d>^is �a `.
<br /> . , . gecvrity Inswment shaU bind ami ioenefit the successais and assigns of L�dez aad Boaower,subject ur the pr�pvwi�s of �__ __
<br /> • . ..• . `. � , �,•`�,r �: paragaph 17.Butrower's covenants and agreements shall be joint and several.Any Borrower who c�gns this Seciuiiy R��,_�_
<br /> . . Instrument but does not execute the i�ote: (a)is co-signing this Securiry.insuament anly to mortgage,grant and convey.that
<br /> ..__ ' , ;;;�;�F,�`' � Borrowet's interest in the Property wrdi��t�m�s of tJus Securiry Insd�ument; (b)is not personally obligated to pay the sutns �6�s`�°
<br /> � , •:t���;;-?>.,; _ ' sec�ued h this Secwi Inspruimect:�i;�!c;; that Lender and any other Borrower may a�ee w extend.mn�ify,forbear . f`��"
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<br /> s '`���� s��, . or make any accommodntions witi��rd �e terms of t�i.s•Security Instrument or ttx�Note without shat Barrawer's -
<br /> �- -_
<br /> , ,,. • �
<br /> S�,�•. �. . � •. ��3 I,aan Charg¢s, If the!�a secared 4ry this Securiry Ias�rumetrt's subject to a law which seu tnaximum loan � g
<br /> , � . charges,and that!aw is finaiJy intei�ted so that the interest or,m'it�r loan charges collected or�o be collecied in connection �_
<br /> ' T�
<br /> �4;'; � with the loan exoeed the pemutted tu�its.then: (a)any such Iv���iarge shall be reduced by the amount necessary to re�x�e'. �•.� .
<br /> , � �s�n�i'�- ` .
<br /> v,;f, .• the charg�to the permitted limit;�(b)any sums already ceilr�'..d from Horrower which exceeded pem�itted Iimits�vr.���� '
<br /> - � °�',�.�>; ,:. refunded to Borrower. Lender mrJ�w zoose to make this refitnd by reducing the principal owed under tht Note or by making a °� ,
<br /> • . direct payment to Bormwer. If a tefund reduces principal.the reduction will be created as a paztia3 prepayment withpnt any ;,.;�.. ,.
<br /> . ,. . � r ,_. ' p�epayment chazge under the Note. � '
<br /> ' � 14. NotIces. Any notice,�Borrower provided for in this Security lnstrumen�shall be given by rSeGvering it or tsy ��--+
<br /> .. � .`,;•;.' " '.
<br /> � ' , �r;ti`:,K..' mailing it by first class mail uni��:z�plicable law mquires use of another method.71ie nodce sha116e dimcted to the Property ,.
<br /> � . � :%,f j;�i;�`�. Address or any other address @c�wer designates by notice to Lender. Any notice to Lender shall he given by first cfass . ti .',�
<br /> i '
<br /> �• � ';����}��•��•: ma�to Lender's address staied hCrein or any otttet address Lender designates by nodce ta Boaower. Any notice pmvided far ;' : .
<br />-' • � ' . . :'� in this Security Insta:.�r-r-.,�shall be deemed to have been given to Borrower ar Lender when given�s provided in this ': -;�:�_
<br /> - . •' . • P��Pb, . . �;.'--�
<br /> . - •�� ••:; :;;•�.. 15. Governing�.aw;Severa6Aftq. This Security Insnument shall be govemed by federal law and the 1aw of the ���-_�
<br /> ''`+ �� • jurisdiction in which ihe Property is.D�cated. fn the event that 3ny provision or clause of this Security Instrumeat or the Nate : �����
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<br /> _ . Si,,r,;. conflicts with apptieable law.sacis'c�n�:ist s�all ctot,�,.`feet nUzcr�arovisions of this Security IR�ument or the Nate w[vctu�n
<br />-. be given effect without the confluxnr�provisia�,.Ta ti�is end the provisions of this Seruri���'Instrumeas.and the N�:�are ;�}��,�
<br /> `� . ,' • . declared to be severabte. ` ' . � ,�_—
<br /> ': ' • � 16. Borrower's Copy. Borta:.e'r shall be giLen one cottfarmed copy of the Note and.�f ctais SecuFity L-�suvment. �-'_- ---
<br /> {' ' � � 17. 7lraosPer of the Propertv far a Benetidal Interest in Barrower. If all or an art af the Pta or an interest in ,' �'�
<br /> i ;. :. ,, • . Y P [��' Y •.�:,,,.,�;��,—
<br />_,�... ;;�}t,',; ,. �. it is sold or transferred(or if a Ir�uef'cial interest in Borrower is sold or aansferred and IIorrower is not a natural person) {,,;_ , j}
<br /> -?�r„?•• without Lender's prior written co:cKc-tt�Lender may.at iu opuon,mqaire immediute pa}rinrxit in full of all sums secured by t:t�:. ,,r..-;: 7= _
<br /> �•� �� ` . . this Sec�uity Instrument. However,this option shall not be exercised by Lender if exercise is prohbited�y federal!aw as of . � ''•''�� " .�'i"�
<br /> �-;-•,. .. ' the date of this Secarity instrumer_t. . .�.'"_. �
<br />-�'����;�.� ��r� � :� •• If Leader exercises this apBen.Lender shall give'Botrower notice of accetera6on. The notice shalf�ovide a period of . . -
<br />��'`�'�'�' . ; .•� � not less than 30 days from the date tEie norice is delivered or mailed within whish Bonower must pay all s�ns secured by this • ��
<br /> -�;�,� � ' �
<br /> w,;,�,�. . • � . Seciuity Insmiment. If Borrower fails to pay these sums prior to the eapirauon of this period, Lender may invoke any . � ..�_
<br /> • • • • remedies permitted by this Security InsWment without further natice or demand on�orrower. .,f �
<br /> . ' 18. Borrower's Rigd!to Reinstate. lf Borrower meets certain condirions. Borrower shall have the ri�ht to have „ `
<br /> _ '�� .• ' enforcement of this Security Instrument discontinued at any time prior to the eariier of: (a)S d�ys(or such other penod as - • �
<br /> _.,��. • , • .
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