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<br /> "' °`.��-,.`� �� cundemaat�an orothei ta�as as8 any part of ths Ptaperty,or foi conveyaaoe in li�of caademn�sian,azie lu�se6y assigned and ��. �_
<br /> ,shall b8 paid so Lerdet. • �-� " L
<br /> t'Sx.�.t:.af ' •� � _ _ �
<br /> rs '* 4 '- °.•: �a the event of a wtal takiao af the Property,the pmc�eds shall be applied w the stmr.s secared by this Secnrit}+ � �zi -_—
<br /> f .� � . L�sa�men�vrhether ar agt ttes�dne.wah su�y excess pc'�d to�mrower. Tn the eve�of a pazda]tals�ng of the�operty in � �.a.,w =--
<br /> �'<': . �"' wiricfn�e fair market value af tfle Pcagerty iminediat�ly before the talcing is equal m ar peai,�r than the maount of the s�s �T ---
<br /> --,::�;.�,.-:��� ;°:;,-•� ' seciued by this S�curiry Instruffiest immed'iasely h,zfaic t�taiaing.�mless Barto�rer,aad Len�er ather�vise ape,�ia wri�ng, �._-__
<br /> ;'` ,, " , '_ the s�s sec�ued dy this BSauiEyr I�s�nt shall t�reduced by the tunount of the proceeds mvfti�slied by thw folloviing -_-
<br /> &action: (a)the mtal amouat of the sums sequed immadiately before the mking,divided by(b)the fair marget value af the N � _-
<br />;._-.r :`.:- , Ptoperty immediaiely befoie the taking. Any i�alaftce shall 6e Qaid to Borrower. Ia the c�e.nt of a Qartits!taking oF the =N_—_— _
<br /> ; �� ,�
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<br /> � �P�Y in,vahicfi the fair market vatus of the Pcuperty inmtediatety befon the taking is less than tft¢�at�imt of the suats �` =R == --.
<br /> •�. _:. � __� = ---
<br /> � • •s�i�nedfatety before ttie t�king,�ntess �o�rower aad i.ender otitsnvis�ag�e ui c�ristrt$ar�te�applirahIs las: _ _
<br /> x� oti�nvis�pmvides,the psoceeds sh�lt be agplied co the sums x�cured 6y this Security EnStrum�nt whethcr or,hot the�ums�re _
<br />-.� t,:.�, � . � ---- —
<br /> �;ti- ,. �: ��'� �� , . then due. , . . , .' . . .
<br /> It the Psvperty is nbaadaaed 6y Bnrtuwcr:or if.nfter notire by Lender ta Sorrawer Ihat the condemRor of4'ers to makc
<br />�-'` ` �"��'`�'� � � ' an award or s$ttle u clalm for dama .Qarrow�r fails tv res a�to Leader vrithin da aftsr tiiz d�te Qte natice is iven. �
<br />=s.��. :..�..�: _ . 8Ds P� �, Yg .
<br /> ,. - , , Lender is authnrized to cottect and appty the ptqe�ds.ut its optioa.eith�r to restorattun ur repaar of Ehc Ptupetiy or n the , -
<br />:��� .; , �..`. ..�� ` � sums secured�r tflis Secarity[nstrumenL�vhether nr nn1 tttea�Hue.' � .
<br />-=-��•� � • � `'''• • ' ` Unles�Lender and Batrowrr ottunvise abm;c tn wRHng.any applfcatton of Ftoceccls ta priati�al sttnlf noi ex4end or_ �
<br /> 3°r.x��.> ,t•....x,, ... :
<br /> :�_ .. �_ . � ,• Rostpona the due date ot the manthty payrttcats refcmd to in parngmpha 1 nnd 2 ot cf�ange thc amoum df such paymcntg. ,
<br />_��:,, ��,•`.;�_''' ;;•, il. �orravre� iVot Retcaseai Corisearanr� a� Leadee Not a VYaiveG Excenaiar� of thc �ime far payment oF., .
<br />: -� . ,. . , , ..� madificatfott of amnrtlzation of tfte sums secured 6y this Security[nswment grantad by Leader to aaty sucsessor In inteiesi .
<br />_ af�orrawer shait nat oparate do�eteiuc the Ita6ltiry of thc bri�ir►u!Borrower or Barrower's successosa iq inter�st Lend�r
<br /> ,.��,,:' "�, �`~� � shall not be requim.d to commence proceedings apinst amy successor in interest or aefuse to extend time for payment or
<br /> ` otherwise modify umortizadon of the sums sefure6 by this Securiry Insuument by reason of any demazcd mada by the ori�inat �
<br /> ,'� �-:±F::'.. Borrower or Hormwerl�svc¢essms it�Inierest. My fotbearance by[.er�der in exercising any nght or cetned'y shall not be a ,
<br /> � � � ��`''" v�aiver of or pmclude the eaer�ise of aity rigttt or r�medy. � '
<br />_ ,_._,.: ;
<br /> !a. Successors aad Assigns Boand;]otnt and 8ev�ad Ida6ility;Co-stgnve: 'iize cavenants�snd apeements of this
<br /> ,�:r.� ' �� .'� �' Sectuiry Instrutrient shaDl bind aad l�nefit tiie successurs and assigns of LendQr aad Bormwer,sublect to t�e pmvcsians of . �
<br /> '`•• paragrapb 17.Borrower's covenants and aseemenu shaU be joint and several.Aay Bo�wer who ca�signs thi's Security
<br /> � ` Insnument but does not execute the I�Iate: (a)is co-signing this Securit�Truarumem only to martgage.granY and coY►veythat
<br /> ,:� � � ,
<br /> , ' ,,.�,`�.. Borrowezis inteiest in the Property underiliv temu of this Securiry tnstruraent: @?is not peisonall�r obiiSaied w PaY the sums .
<br /> - secw�by this Sec�uiry In:sttument;aad(c)agrees th�t Lender and any othe�Borrower may agree to extertd,modify.farbe�r
<br /> --- ..__. ::�°:'i�',' � vr matce any accommodations wit�regard to the tem�s of tivs Securiey Insuument or the Nois without that Bmrawer's �
<br /> " . : :ti��,;Pti'tt: —
<br /> . �•.;..��,.f CQDS2IIL. _—�
<br /> . ". , , L�. Laan Charges. If the loan aecumd by chis Securi�y,instrument is subject m a !aw whic�.sets maximtun toau
<br /> ' ct�es,aad that law is finally interpreted so that tfie interest or other loan charges couected ar to h�couected in cannection • o
<br /> wifi t6e 2oan exc�ed the permitted limits,then: (a)any such loan cha�e shall be reduced by the amount necessary to reduce
<br /> � ' . the ch�,�e to tfie permiuea liarix and(b)any sums aIready collected from Bomuwer which exceeded permitted limits w'slI be
<br /> , ' ' � cefan•�-�to Fforroaer. Lender may cinaose to make this refund by reducing the principal owed under the Note or by malc�g a
<br /> � � . , • ' � direct��J'asem to Borrower. If a rzfund redaces principal,th�r�duction will be treated as a partial prepayment without any ���_'
<br /> • ��� prepay�:t charge under the Note. -
<br /> ' "1•�. .: ` � ' • 14..�otices. Any notire w Bormwer provided for in this Secwiry Insdrument shall be given by delivering it or by . __-_ -_—
<br /> ` ';�,':`� maiti�ct by fust elass mail unless applicable law requiies use of another metlsod.The notice shall be directed to the Pc6peaty �--
<br /> . . ::: Addre�s ar any other address Boaower designates by nodce¢o d.eader. My notice to Lender shail be given by fust class �'-���,
<br /> � . �`�`�;�;'�st. �� mait[;,�.eader's addxess stated herein or any other addtess Lxn�Yr designates by notice to H�saowes. My notice provid�3gar ���--=
<br />_ • • � . in t�5ec�ity Instrument shall be deemed to have been given to Boaowes or Lende;cvhen given as provided iff�ttis --�
<br />_ `. P��h . _
<br /> . . . . 15. Govemutg 4�w;Severnbilltp. 71�is Security Insm►ment shall be govemed by federal la�v and the law of the ��•�
<br /> � � �= ° . � , juris�?etion in which the Property is located. In the event that any provision or clause of this Security Insnument or ths Note _P
<br /> �: � • � ' : .� • con��with applicable law.such contlict shall not affect oth��ovisions of this Security Q�suument or the Note w�:c3s can ' -��
<br />'=;; i� `;''`:' -.�, .,��:� ' be g��.-�a effect without the c.�nflictin$provision. 'tb this err�ELe provisions of this Seccr•'.�y 3nsnumeni and the Iv`�.�ate �'"��..�
<br /> � ' declared to be severable. �:.�.�
<br /> �Y� '. • . 16. Bosrower's Copy. Horrower sha116e given one conformed copy of the Note and of this Security t�swment. • �'`--_—
<br /> �' � 17. 7lransPer o9thP Property or a Benefdai Interes!in Borrawer. If all or any part of the Prnperty or any interest in --- _--
<br />- � • ' • , � it is�,eld or transferred(or if a beneficial interest in Borr�wer is sold or transferred and tt£cc.,rrower is not a natura!person) ��
<br /> }t : ,�fi�--==---
<br /> � wi�:�Lender's rior written cons�t.Lender ma .at its o*�.��. uire immediate a �:s�in full of ap sums sec¢�b `�"" �--
<br /> �� ,';,;.;s'•' . P Y r *�9 P l+r Y , �,'�gr�.:•_,.,_
<br /> • . th:s�:urity lnstrumen� However,�::is option shall not bc ez��:r.,,�ised by L.ender if eaercise is prohibited by federal l�:�.a:�of ���,.�...-,;._-�_
<br />':�. . . • ` u°se Qate of this Security Inswmenl. ' �.
<br /> �- ' . If Lender exercises this option,Lender shall giveBara�er notice of acceterationb The notice shall provide a period of ��,'�.�..�
<br /> ��� . .
<br /> ' . aet►.ess than 30 days from the date the notice is delivered or r^ailed within which Borrower must pay ull sums secwed by thls • .
<br />�,�.�. • �sy Inswmen� If Boriawer fails to pay these sums rr�r to the expiration of this period,Lender may inveke any � .'�'
<br />_ = . ;. . � e reTr�es permittr..d by this Security InstNment without furthe:c�orice or demand on Bortower. . . °_
<br />- . ' 18. Bosrower's Ri�t to Reinstate. If Borrvwer meets certain conditions,Boaower shall have the right ur C;sve � _
<br /> . ' enforcement of this Security Enstrument discontinued at any time prior to the eazlier of: (a)5 days(or such other pe�od as • • '
<br /> �_'.,,,,, . �. � SingIe Family—Fannie MaclbYeQd[e Mae UNIFORM INSTRUMBNT--Uniform Covena.L4 9.'90 IpaRe 4 uj5 psges) � . '
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