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<br /> --- ,_ , . cohdemn�tian or othet talong o€any Qart of the Ptag�rty.ar fdr eanveyance in lieu of condetrm.�ian.ute hereby cssi�naf an�f ' �
<br /> . siuill b�paid to Lender. , ��_
<br /> � �:`,`'` ` �-._-.;
<br /> _ In the event af a tofal ta�Cing of the P�vperty,the proceeds shali be npplied ta rhe sums�secur�d by�is Sec�ity �T_:_°
<br /> = =- . ; , lns�unem.��+�ether or not t h e n d u r�w i t h a n y e x ce s s pui d to B a r r o�ver. [n t he event o f a partiaJ takin�of the Property in -°tt-
<br /> - .� t . wiric6 the fair market value of�e P'rmgetty inimediately 6efare�he takiag is equal to or greater than the amanat of the suais ��_
<br /> --_- - ` °<. ' secuted by d�is Sec�iry tn�itltment imm���r,P,iy bef�e ttt���.�mless Bosrower aad Lenderotherwise�gree in writing, ' -'-
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<br /> ``T� : <�� � . � the sums secured by this Sec�uity Insnvraent s6aU be rednced by the sa�►ouni aY tflB proceecis multipued By t�te follo�r,ng f _•:
<br /> � . f �� fracqion: (a)the total amouni o�tt�swns ser.a�ed immed'iately before the taking,divided by(b?t&e fair market valne of the �_`�•��
<br /> ` Property immediately befo:e the takin& Any ka►aure shalf [x paid to.Borrower. In the event of a�artiat taking of ttte �
<br /> '°�� �I��Y in wiucb the fair madsct vatus of the Ptoperty immed�ae�ty hQfoie the ta�in�is t�s thaa tiz.:artta�nt:�€she s�ra� ' -z'';'
<br /> .X�,.�.. �.... }�' �� secvted immediately befose the taking,�mtess Bm�vwer aad Lender othe�wise agcee ai writing or untess applicahIe la�v ' i `-
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<br /> , • .. o�e�e pmvides;the procceds shall 6e applied to the s�s secuted by this Securitgyr instrument whether or not t1�sinns ate ��:
<br />_ � . < . If the Pt�apercy is ahandone�by Bormwer,or if,after nouce by Lender to Bunower that the condemnar offefs to make "�-�
<br /> '.� �` � ' an awand or settte a claim for damages.Bmmwer fails to respond to Leuder withu�30 days after the date the notice is gi1en, —
<br />-, � - Lender is a�harized to coltect and I the ---
<br /> , � '. srzms secured this Securi aPP 9 P��,ai its op6aa.eittier to mstorat'son or cepair of ths Fropzrty or to the • -
<br />--_..:= �'- . �Y tY���whe.iher or aot t�en��
<br /> .°. UnIess Lender and Bmrower otberwis�ag�ee in writing,any application af proceeds to principal shall aoi extead or �
<br /> �� ,"` � • . ` pastpone the due daie of the momhlY Paymem�refeaed w in p�hs 1 and 2 er change t�e amonnt of such�paymenls .
<br /> �1. �orrow� Not Beteased; Forbearance By Lead�tr Not a Weiver. Extension of the time for payme� or —
<br /> .:�.', `• ,. . , :• � atodificxrion of amor6r,atian of the s�ms secured by this Sec�uiry Instrument�ranted by Lendea to any successor in inter�,ci ' �
<br /> 3- • . of Hoimaea shall aot a g e r a t e w r e t e a s e t h e l i a b i li t y o f t h e a ri g i n a l B m c a w e r o r B o r r o w e r's s a c c e s s o r s i n i�e r e s t,L e n d e r �
<br /> �� shail not be requiied t�m cominenr.e pmceedinp,s ap� inst any successor in interest or r2fuse w extend 6me for paymant or
<br /> , : . � .: �• 4- '; ' orhecarise modify amortiaation of the snms secwed by tl�is Security InstrmaenE by reason of any d�mand made 6y the ariginai . .
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<br /> �:�'-< � ,,, B�rowes or BmmwerS.successois�interest Any fart�earance by Le�dcr in eaercising any ci�ht or iemedy sT�all aot 6e a
<br /> •:• waiver v€or ptecla�e the exertise of zey right or remedy. •
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<br /> _--� �.. Saoee�ors aad B
<br /> � ,.�:..'- '::.•,.:'.�." . _ . __ty .. __. As��ga_s.otmd3dointa�c3_SeveratLiab ' ;.Casigaers.�tecoti�aatsa�ciagre�nen�softi�s �
<br /> f . 5ecun �Tns�ument shail bind aud be�fit the sacme.ssois and assign�s o�Lender and Bomnwer.subjact Um ti�e provisions af •
<br />-•.t�, - paragraPh 17. Borrower's covenanrs aad agreernents shaIl b4 joint and several.Any Borrower who c�-�S this S ;
<br /> . : ; . Insutunatt 6ut does nat execu3e the l�Ier�: (a)is co-signing this Secmity Instnuneat only w mortgag�,grant and convey�that .
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<br /> • � , , Barrower!s interest in the Properiy�the tem�s of this Security Insuumen� (b)is nat pecsn�lly obligatad W pay the smps
<br /> -_.--�- - . secuned by this Security L�svamen�asd(c)ag�es thai Leader anil any other Boi[ower may�to eatend;modify,forbear
<br /> • os make-any accommodauons witi�regard to the teans of this Security Instrumen�or the N�te withmrt that Borrower's �
<br /> ' � <; � • conseiu. •� . �
<br /> ' � , !3. Loan Char�s If the loan secared by this Secmity Insorameat is subject w a law which sets maximum loan
<br /> � ; , � charges.and dzat law is finally inte�ted so that the interrnst or other toan ctiarges coIIected ar,�be colfected�connection . •
<br /> .. with the toan exched the permiaed Einriss.then: (a)any sucb toan charge shaU 6e reduced by r��mnurit necessaiy[o reduee �
<br /> " the charge to the pem�itted limifi atu�[ts).atry sums already coltected from Botrower wiuch eht�ed pemti�d lunits will 6e
<br /> •� . • refunded to Bormwer. l.ender may citarr.�to make this refund by reducing the priitcipal owed�trcder the hot�er by making a
<br /> .. , direct payment to Borrower. If a refiv.�iedt�ees�zaripal.the reduction will�be veated as a partial prepa4ys�.-t'�wiihot�t any
<br /> . '. pnepayment cl�arge ur:der the Mote. '
<br /> ,, ,... 14. NotIces. Any natice to Bvz±ower provided for in tlus Security Instrument shall be given by dcliveriag ii�b� '
<br /> . , mailing it by fust class mail unless a.�rr�;abte Iaw requues ase of another methad.The notice s5sll be direcied W the ptoperr� -
<br /> Addiess or any other address Borrowe#designates by aatice to Lender. Any notice to Lender sha11 be given by fi�st class
<br /> . � mail to Lender's address stated herein or any oWer addreas Lender designates by no�ce to Borrower. Any notice provided For
<br /> '. . � _ . in this Securiry lashuar�-�z shall be deemed to have been given to Borrower or L.ender when given as provided in this
<br /> ' .�sy�..�� . . ; parag-a, ph, .
<br /> - . . - .� _ 15. Governfag Luw; Severab�ity. Th'is Security ins�ment shall 6e govemed by federal law and the law of t�e
<br /> � . . . �.� jurisdirtio�in which the Property is tocated. In the event that any provision or ctause of this�ecuriry]nstrumpu or the Not�
<br /> __ . wnflic3s srirh appiicable law.such canflict shall not affect oiher provisions of this Security Instiument os the Atote which caai'
<br /> - � be given e�fect without the conflicting provision To.ihis end[he provisions of this Security Insuument and the Note.aie
<br /> • ' iteclared to be severable. .
<br /> � ' , . 16. Borrower's Copy. Bormwer shall be pccn,one conformed copy of tfr�Note artd of this Security Irtswmen� '
<br /> ' �''� �.: � � 17. '�I)ransfer of the Property or a�Beaefidal Interest in Barevwer. if all or an art of the pro
<br /> ,;>�r,=� Y P PertY or any inierest iti ..a
<br />- .� ;.::(I,j� it is sold ur Lransferred(or if a benefici�l intenest in Eorrower is sold or ttansferred and Bo;cower is not a natural persan�
<br /> : ;,.,,. __
<br />- •:• , i;r•• .. a+ithout F�.er's prior written wnsent.'q.ender may.at its option„require immediate Fayment in fu11 of al!sums secured by ---°
<br /> "''A:- � • this Sec�uity InStrumen� However,this option shall not be eaercised by Lender if exercise is pro4�ibited by federal law as of --
<br /> "''" the date of this 5ecarity Insuument. —
<br /> 'n ;;' � • _
<br /> • . If Lender exercises this option,Lender shali g'rve Borrower notice of acceteiation. The�otice shall provide a period of -
<br /> ti: not tess tJ�.�n 30 days fmm ihe date the notice is delivered or mailed within which Bomower must pay all sums secured by this �
<br /> Securit}r 1'natrumen� If Borrower faiLs to pay these sams privr to the expiration of tl�is period.Lender may invoke any t>��'_..
<br />'�•.� • remedies��nitted by this Security In:tivment without further notice or demand on 8orrower. _
<br />'�..:' ' , 18_ Borrower's i�tg6t to Retns2ate. If Boaower meets certain candirions. Botrawer shall have the right to have ''
<br /> :`�,<<-1� , ' 'enforcement of this Security Inswment discontinuad at any Hme prior to the earlier of• (s)5 days(or such other periad as . �,1~'�`
<br /> %;•r�`: . .
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