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<br /> _=4�:!.�����'::°� .;� � conde�atiab ar other taking of any part of tbe Ptopeny.or far cQnveyaaece in liea of condemnation.ate f�eretsyr assi�ed aad � _--
<br /> ,�r _._ :- .: shall be paid ta Lender. . , . �
<br /> �"' ' In the event of a tatal taldt► of the Pco ' = —
<br /> --� '�,,.,, o , � P�Y•th�proseeds sha!!6e appiiec`1 ta the sums secured.by tius Serurixy -_- ---.
<br /> °;�i�:.s,: .F .,". Inshumen�whethes or not then d�with any es�cess paid to Bosrower.�In 4he eveat cta pardai taking nf the Prop�rty in
<br /> W%s::� ; `-;., . • �6ich tJ�e fair market vatue of 4he Praperty iramediately 6efore the taking is e��m!to or greater thaa the amount of th�sums —
<br /> '���r'' `�° � ` . sscuied 6y this Securiry Iacmiment immediatety 6efo�the takiag.unless Bonower and L'ender orItenvise a¢ee in Nriting, •,•" --_
<br /> =F`°, `'�_ :o `� the sums secuied by th3s Sectuity Insnumeat sh�ll be reduced isy the amouat af t�e prriceeds muiriplied by the following . . ��
<br /> - � . fraction: (a)the total amount vf tI�sums secar�d immediasely be,for�the taking,divided by(hJ�the fair market vatus oY ttte' • -
<br /> � � _ Property immediately hefoce iSYe ta.king. Any balaace s5a116e paid to BaTrawer. In the eveut of a Qartial taki�tg of the -
<br /> Property in wIur.h the fair market vaIue of ttie Pir+o�erty immediateTy 6efare the tat�ng is tess than the amount of t�t�sums - �' =- f
<br /> :: " ,� • sec�ued immediately 6eforc ths ta�iag, untess Borrower aud�Lender otherwise agr� in writing or untess appiicahIe Jsw:. .
<br /> - � : � otherwise pravides.the groceeds shaU be applied to the sums sec�ed 6y tbis Secarity Instnrme�ct wflether or not the sums ar� �
<br /> � . . • � ' ,then due. •
<br />:-:',;�.:: .L .�,:� --°:' 1f the Ptoperty is abandoned by Borrower.or if.after aorice by Leader to Bomnwer tbat the coademaar affeis to maic� •
<br /> ��•.� an award ar seule a elanm for damages,Bormwer faiLs to�ond to I.euder wit3�m 30 days after the date the natice as given; • '
<br /> � Lender is authorized to collect aad apply the pmceeds.at its option.either m restoration or repair of the Pcoperty or to the
<br />-_"�- . .�4' "%� sums secured Iry this Secnrity InswmenE,whether or not thea due. � • :;;
<br /> •�'�'' I'♦ �''� • iJnIess Lender aad Borrower othesvrise ags•ee in writing,any agpliraaaa of proceeds to principa�shali not exter:d or ',.?;,:_-
<br /> �f ,`� f � ' ' . postpon�the dae dat�of the momhty�ayments refemed to in paa�,�raphs 1 and 2 or change tue amount of such paysstents�i. ..
<br /> ��+, ;x, , 1� t13:Bartower Kot Re4easer�; Farbearaase �Y� 3��er.,£�at a WsBver. Exoensinn of rhe tim�fqr u5r ,
<br /> ,;�r : '�?�`'J;��`f� � `�ndi�.::�3in of amar-�rRr�;��suttu..g secutt�=.'6;y i�a�Yc-r�v_�tstrum2c'�ted.*�y�aet w any a.3".�; ..��ES�T' � �
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<br /> s-�;�, ' �'i' 'of Barr�cex shall r��Dgera-.e:��r�?ease the 11�-�.;v��.^;.,ar�aL Boiro«>,�yr�i3v-��s,�r��ecessots+�ays�em.�.�;�der
<br /> u.�4� ;r�,��,`E�r+ . .
<br /> r� � %' �{�r�:.�!�t.;;:. S113u�.r'i.`#1L IELjQIIt?�2Q_+:«ti...,.�'T7P.Zi��:�:C��S'c.^T...af��':SJ;.GC3SQT 131�':��es r.�"-�we.��extend Wne'for payar_�s ar .
<br /> �•� • i�::��s:=` , othec�se�ndify a�c.-ti�zrio�a£�iae.9LY S secm�ed�sy this S�sr..�:Eastrument�y reason.��3r demaad m�de by d�e or�tal
<br /> •�,}•ra��:��:��:i:
<br /> •.r.rr;,, BOIiOR'�OT BOTfOPlplS SIICCCSS4ES�,�1TCIESL Afij/fOTI)E3F3G«r,�.y Lender in c�ceneising any right ar remedy sha�U nat be a
<br /> �`�--`--._-T':`r. ..�� ' waiver of or pieciade the exez�cise of mry Rg6i or remedy. . � . -
<br /> •FJ�/ �.
<br /> • . f;: � . . l�.-SIICCessors and A�stgns'8onad;dotn�t aud Severalliab�ity;Co-sigueTS: '17ie covenants and agrzementg of tHis
<br /> :. _ - � Security Inswment shall bind�nd 6enefit the successors arid assigns of Lender and Borrower.subject to the provisians of � ,
<br /> . � . • patagiaph I7.Bomower's wvenants and agreements sha11 be joint and sevetal.Ahy Bortower who Cousigns this Seczuity
<br /> . . , . Instrument 6ut does not exeeute the Note: (a)is co-signing this Securiry Instrument onty to mortgage.gractt anQ.ranvey that
<br /> —_'.: .. . ' ., Houower's interest In the Pcoperty under d�e terms of this Sec�riry Instrumen��(b)is not pelsanaliy obligated to pay YLe sums .
<br /> � secured by this�ecurity Inswment;aad(c)agees that x:enderand any oiher Hon�owwer may egcee ta eatend,madify.forbeur
<br /> ' .' '.. � , , or make any accommndutIons with regard to the ceams of this Security Instniment or the Nate w3thout that Borrower�
<br /> . consen� , ' .
<br /> ' 13. Laao C6urges. if the loan secured by this�ecuriry Insuument is su6ject to a law whtch sets ma�cimum Ioan
<br /> , ' " charges,and that taw is finally interpreted so that tfie interest or other Ioan charges colfected or to irr coltected tn wnnectiari�
<br /> ' ' • with the loan exceed the permitted limits.then: (a)any such loan charge shall be reduced 6y the aruount ne�cssary to¢educ� �
<br /> . � , '. .. the charge to the permitted limit;und(b)any sums atready coltected from Borrower which ex�eded pemutted limits will be
<br /> _ refunded to Borrower. Lender may choose to ma[ce this refund by reducing the principa�owed under the Nate or by rtiakin;a -
<br /> � � d'aect payment ta.Borrower. If a refund rectuces principal,the reduction wil!be ueated as a partial prepayment without any
<br /> .. :, prepayment charge under the Note.
<br /> � � . , 14. NoUces. Any notice to Bonower provided for in this Secur�ty Inswment shall be given by delivesing it�or by —
<br /> . ' • mailing it by first class mail unless applicabte law requires use of anot➢ier method.The norice shall be d'uected to the Pcvp�rry► r�
<br /> ' � ' � Address or any other address Botrower designates by nodce to Lender. My notice to Lender sha11 be given by fust class _
<br /> ' ' '. . . mail to Lender�address stated herein or any other address Lender designaces by nou'�e to Borrower. Any aotice pmvide�for __
<br /> • � - in this Security Inswment shall be deemed to have bean given to Borrower or Lcnder when given as provided in this --
<br />- h � --
<br /> ,,. ' � ' p�p Governing Law;Severa��ity. This Security Insmunent shall be gavemed by f^deral taw and tAe law of the =-__
<br /> • •'��;,:;,:;'' jurisdic�in whicb the Ptnperty is C�cated. In the event that any provision or clause of ttis�ecuriry Instrument or th�1�"ote """
<br /> � �`';.�1���.' ctinfticu with applicabte taw.sucb conflict shali not affect ocher pzovisions of this Securiry L�strument or the Note whic;�cun
<br /> _ ��' ':;';`':••' • be given effect witi�o:�the conflicting provision. To this end the provisions oP this��curiry Instrument and the Wu�.�are 16='�
<br /> �'" • ' declared to 6e severabie. ' �
<br /> -'.:`I'' � � � ���:�� � 16. Bosrower's Copy. Borcower shall be given one confo:r.ied copy of the Note ar�of this Security Insuument -
<br /> .,.; . ,. .. ;•..�.
<br /> • � : . 17. 'tlransfet o!the Property or a Beneftcial Inteeest 6n�rrnwer. IF all or any�--,sc�f the Property or any in�=g in •_
<br />_ .. ' � . it is so2d os transfe�red(or if a beneficial interest in Borrower�s sold or transferred a-�d l�orrower is not a natura!��n) '''�
<br /> '- ' without Lender�s priar wriuen consent,Lender may,at iu option,requ'ue immediate payment in full of all sums se�,.;.,d by -
<br /> --.�•• �� � this Security Inswmen� However.this option s.hali aot be exercised by Lender if exercise is prohibi4ed by federal law as of _
<br /> �� • the date of this Security Instrumen� -
<br /> �' • �Il.ender exercises this optia�.Lender shall'give Borrower notice of acceleration. 'I7ie notice shaU provide a per•'s�d of
<br /> � ' .. � . not[�sg:han 30 days fmm the da:�c�s notice is delivered or mailed within which Borrower must pay all sums secund by this
<br /> .: . �. Seccc*:rf.finstnunen� If Ba.LaAer fails to pay these sums prior to the expiration of this period.Lender m�y invoke any "
<br /> :' ' ' . remedies permitted�y�is Secz:riry Instrument without furthei notice or demassd on Borrower.
<br /> • 18. Borrower's R�ght to Reinstate. If�orrower meets certain condidons, Boirower shall have`Qte riglit to have � •
<br />.-, ,� ` , enfo�cement of this Security Instrument discontinued at any time prior to the earlier of: (a)5 days(or such other period as �
<br /> � � Singie Family—Fanate Mae/Freddie Mac UNiFORM INSTRUNJEN7'—Unifortn Covenanu 9l40 (paRe 4 of 6 pagerl
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