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<br /> -� °. ' COildtmil2iI0II ot ai21Cr L3kiIIp Of eriy p3rt Qf P31e Fi0pelty,aEr for canveyarcoe in Gea of condemnatioa.ate.i�by�ssig+�d a*�� . , _
<br /> ' •<..� � ' sh�ll he paid to Leadea. ' � , ---
<br /> • . . � " In the event of a w�il ta�ng of the P9rogeny.the pr�ds shall be stpplied to the suius secured `�y this SaeuritSr .
<br /> - � , '� ' �stsamcnt��wiitthes or Qot dtea d�e,with any exoGSS paid to Sairawu. pn tha evem og a�p�rtial tzi�iag af ths Ptin�tYtg►in .�
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<br /> � �� '. . � � vRush the fair ma:kea vatue of the Pro�erty iWmeaiatdY befota the fai�ng is es�ttat t�or gnater ttt�n tize amouni of the`sumts .:
<br /> , <„�;,` . seaned by this Seeurity Inst�ament iauusdiatety before ghe tatang,�less Borrower aad LeaQcc oiherwis��,ree in�7it�ag. �
<br /> . the siams secu:ed b�tlris Sec�uiry Insuumtnt s�aU be redatced Tsy the amaunt of elat pr�ceeds�ultipiied by the fa3iownfg. . —
<br /> . . �� . . frar�ion: (a)th�totat amo�t of the sums s�immediatdy t�efore the ta�g.diwidQB tsy(�)the fair maxkas va�e of the
<br />_-.---;��;.:;_'_-�
<br />, <;j`: . ' Pmgerty iminediatetY befa�the takin�. Any batanc+e s3na3l b°Qaid ta B� 'iB tl�s eve�i af s��d�f tiK .. -, `
<br /> ;`. Acoperty m wfich tLe fair market vaIue of the Propeny immsdiatelY iref4re t�e ta�mg is Iess than tha a��mtt of�st�ms
<br /> ' seeutzd i�iatelY befar+e the ta�ng,tml�ss Bormwcr and Lender ot�teswise agree in wr'atiag or unte5s ag�lis�b2a law
<br /> � � othetwise pmvides,the procxeds sFra�l be applied to the sums se�ue�hy this Secpricy L�stcumtmt�hWstr at��nt tTne saas.s are
<br /> .. . . �.�. . thea due- - -
<br /> '. � ff the Pmperty is abaadaned Dy Bormw;r,or i�after notice byf I�endsr ta�orrawer that t4►t aandemaor offeis to rttafce , , .
<br /> � . aa award or seute a claim far damagss.Borrower fa�,s to respond to Leader witi�►3�days afttr the date tt�p4ticx is givcn.•
<br /> , . . . E.eadas is a�thnrized to coltect aud aPP1Y t�e p�eds,at its aguon,either to s�st�a�os��'�of the Pm�e�CY_ar to the
<br /> , ' � . sams setaied by this Secuzity Tnso�vmeat,wt�her or uaa thsn due. :
<br /> . . � � ilnIes�L.ender and Hoimarer ottceta+ise agiee In writing.aa3+.�PPlica6on of proaeds ro priacigaY sl�ri not extead or
<br /> ` • . � '., �- postpone the due date of ttte mor�hty payme�s refetred to in pma�a�i aad 2 or cinange the amuuat of snc3�gay�nts.• � .
<br /> ,. ii. Soarower Not Ret�sed; F'orbeasance Bp Lend� N� a Waiarer. '�xteascan of dte rime fos payment or
<br /> �• �ad'ifceativa of amortrration of the so�.s secated try dns Secu�g Iranumsta�ant�d Dp Lende�r co any succGSSOZ in in.�t -
<br /> . . " .. � . '• . ' of Borrower shall not operate to retease the liab�7iry of the flrrg.i�al Bar�aes or 9o�'s s�acaessais ue innte�es!-I�..;
<br /> ,� .. shatl'not be requi�d w cammertce pmceedings against anY saacessor m interest or refuse m eacend'ame far paysnent ar
<br />' otherwise modify�arrizauonof the sums sec�red by this Securiry lnsmuneat by reason of any derexa�cs�e hy the ollginal
<br /> � ` . Bormwer or Barrower�successots in intezest Aay►forbearance t+Y Lender in eaacising anY nght ox'r�Y shall not iae a . -
<br /> �. ..., �
<br /> . - -��`-----.-. �� waives a€or pseclude ttie ezercise of any riglit oi ieinedy. �� - - - . . _ .� .
<br /> ' � , IlL' Succ.�sors and Ass3gds Bonad;8ofnt and Several Liabilitp;Co�igners. 'llie coven�ts and agreeme�s of this .
<br /> .��• � '�5� S�wi�L�ame�shaU bind attd benefit the sticoessms and assigos of Lender attd Bormwer,subject ro the pravisi�of
<br /> .� ` .. ' � ParagraPb l7.Borrower's covenants and agteemeats sha11 be joint and several.My Borrower who co�signs this Sec�mty _
<br /> . . Inmument.but d4es aot execute the Note: (a)is co-signing this Sec�uiry�eat,onty to martgage,grdnt and convayr that •
<br /> : ,�. . Bmrrower's interest u4d►e ProPertY under the terrns of this Security Inmumea� (b)is nat personally obligaied to pay thc sums _ ___
<br /> . . . secured by this Security Instrumen�and(c)agse�tbat I.eader and any other Hsrrower may ag.�e to excend.modify.farfiear' �-�—
<br /> . . or make any accommodations with regard to the terms of this Secu:ity Instrument or the Note without that Ba�++er�s — _ _
<br />� � • : . cansen� —
<br /> ,. : �. � <'; • l3. Loaa C6aiges. If the loan secaned L^+�shis Seaaity Instrumeat is sub�ecE w a law which�zs ma�d�fi;� , _— _
<br /> ' '. � • charges,and that law is finally interpreted so iu�ti�int�rest or other loan charges collected or to be co3T�d in c�r�.: '�'�.,
<br /> � with the lonn exceed the permitted limits.then: t��aay snch loan charge shall be reduced by the amoimt r•ecessary w ii�tice „� `
<br /> ' , the charge to the pemitted limix artd(b)any sums atmady colleaed fram Borrower which exceeded permitted Jimit�;ar��iue
<br /> . • refnndeai to Bomnwer. Lender may chaose to make this sefaa�.��redacuig the grincipal owed under the Note or 6y cr�ffr�g a _,'.`
<br /> � • ' � • diiect�aynaent to Bosmwer. If a refimd reduces principa�,d�-�uction will be ueated as a par6al prepaYmu►t wist.ivxt any ���-
<br /> . . . psepayment charge tc¢der the Note. • '� =�.�_
<br /> � ' 14 Nottces. My norice to Borrower pmvided for in this Securiry Instrument shall be given by delivering ia or by . ��
<br /> � � mailing it by first ctass mail anless applicabl�law reguires use of another method.The notice shall be directed to the Praperty 'Y''� �: .-
<br /> ° • � Addiess or any other address Borrower designates by notice co Lender. My nouce ro Lender shaq be given by fust class .- _,�,,,,"
<br /> ' � � mail to I.ender's address stated herein or any other addtess l.endtr desi�nnates by natice to Eosrower. Any notice provided for _ '
<br /> a
<br /> ' . • , in this Security Insuument shafl be deemed to have been given to Borrower or Lender when given as provided in this ���
<br /> ���-
<br /> � p�ph' ent shall be ovemed b federal law rnd the law of the . .,'� �
<br /> � 15. Governing Law;Severabillty. 'J1�is Sec�mty Instrum g Y •,�:
<br /> . � jwisdiction in which the Property is lacated. 1n the event that any provision or clause of this Seeuriry Ins�nent or the'Note :— - i
<br /> ' conf�:,.-ts with applicable law.sueh eonflict sha11 not affect other provisions of this Securiry Iastrumem ot the Note which can 1�:>=��.--
<br /> : � ' be gi.vcn effect without the conilicting provision. Tb[his erta�.he provisions of thi�Securin lnswment and the Plaz°are �_.-_-----—
<br /> � , � • �"� deci:s�i to 6e severable. "'���-_
<br />� ` ' 16. Borrower's Copy. Barrower shall be given one conformed copy of the Note and of this Security�nswmen� • � 'r�. _: _.
<br /> •,;..
<br /> ' � ' ' � 17. TransPer of the Property or a Ben�s€a!Interest in Borrower.If all or any pan of�the Property or any interest in ��;� �.i ���;::
<br /> • , � " � , ix;s sold or transferred lor if a b�nefcial inte�t in Borrower is sold or vansferred and Bortower is not a natural person) ' ,���:: ��
<br /> '�, • � . `. i � witiicat Lender�s prior wriuen consem,Lender taay.at iu option.require immediate payment in full of all sums secuted by . ,-
<br /> , this Security Insuument. However.this aption�i�Dl not be exercised by Lender if exere�se is pmhibited by federal law as of ,
<br /> • • ' the date of this Security Inswmenc , "
<br /> � � . . ' If Lender exercises this option.Lender s'.�give Bmrower norice of zr.ccleratioa The norice shaU provide a period of � � �
<br />.• "`' �` � � � not less than 30 days from the date the norice is delivered or mailed within which Borrower must pay a11:sums secured by this . . '_-
<br /> ;:rr��,�:•. • .
<br />,��:r,";;',•;' � :,;, �. � Securiry lnswmenG If Borrower fails to pay these sums prior to the expirauon of this perioQ.L.end�a-may invoke any , . • � _�;
<br /> "•-�•��: ;' ' remedi,�s pemiitted by this Securit���nswment without further nouce or demand on Borro�ver. . •
<br /> �� `� � I� Borrower's Right to i��..s�tate. lf Bomower meets certain conditions. Boaower shall ha+,P rh4 right t� have , � r'
<br />..Mt_:.:��.. . . . ., •
<br /> - • . • , enforeement of thls Securiry Ins�t�v.asc discantinued at any time prior to the earlier of: (a)5 days(or sucb ct�!er neriod as
<br />- ' � Singte Fart�;ti—G.:�ie S''selFreddie Mac 11NIFORM I'�S15E:UMENT—Uniform Covenancs S:rU IDoge 4 ojb pagcsl � .
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