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<br />-- : � ` r� •�:_• � condemnatfon or other takin�of any part of the Property.or for cunveyance in lieu of condemnation.ane keceby assigned and `:`. `�`'�`���r
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<br /> . . . In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Sezurity ",,;�:,�t----- =
<br /> ` , Instrumen�whet�er or rtot then due,with an excess d to Borrower. In the eve.rtt of a artial takin of the �n �� '`'�y'�--
<br /> _ , � . whicb the fair market value of the Propecty immediately�Gefore ti`ie taking is equal to os greaur than the amaunt of�th�s�+lms � �;'S-��°`P�^_
<br /> , • ' � sec�sr.d(sy this Security Instrument immediately before the taldng,untess Borrower and I.ender otherwise agree in writing, � _ __
<br /> ,` ' � the swnc secared by this Secwity [nstinment shall be reduced by the amoum of che proceeds multiplied by the fol2oaring �� -
<br /> � .' <`.- fracdon: (a)the total amount of the sums secured immediatel before the "-T--
<br /> • y taking,divided by @)the fair market value of the
<br />-`�`—` �- � -',- - Pro �ramediatel 6efore the takin An balance shall be a�d to Borruwer. In the event of a artial tat� of the
<br /> � �. PertJ►�� . 9 & F P � P S �;'��°---
<br /> �..��:=`-`---.'-:-`�-=`` Ptoperty in which the fair market value of the Praperty immediately before the taking is less than the t�mount of the sums . _�--
<br /> - r . . . -
<br />=� � ?�' secumd immediazeiy 6efare the taking,untess Borrower and Lender othervvise agnee in writing or anless applicab2e�taw _
<br />--- _ • " otherwise provides,the proceeds shall he apptied to the sums secared by tivs Security Ins�ument whether or not the sams are
<br /> _ ; . then due. �
<br /> -x • �� �- --- , If the Property is abandoned by Bomnwer.or if,after notice by Lender to Bomower that ttte coctdemnar offers to make
<br />-- . � . �� : an award or setete a claim Sns damages,Borrower faifs to respond to Lender arithin 30 days after the date the notice is givea, _
<br /> , ' Leader is authorized to wlIect and apply the praceeds,at its oprion,either to restaration or repair of the Property or to the �;':�`r`:
<br />= �. ,' . sunis secured by thss Security Instr�►cent,whether or not then due. � ����5;�
<br /> Ualess Lender and Bosrower athenvise agree un writing.any appii�€sn of proc2�;s:o principal shall not eatend or „`�:'��:���`:
<br /> �;�, � ' postpone the due d�cf the moathly pa}r�ents srf_�iad co m�traer�.a L�u.r or cE��k,e amount of such paymentg. ,�'
<br /> �L�+k' ! ,�fi'" � .- 11. Borc�=.:s,� �+Iot Reieas�. For�^.���r H.�� 4-.�� �=�i E� ��of the ;�n. for payment oi �'
<br />�t`'s;�s r f�`Y;l modific�an of amortization of the sams ser�:..���t�sis Se.:.�:�zstr�r��d 4�•�:der to�y��:cessar u►u►�rest . ,
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<br /> �, . .� , .:!S�_;'.�:;.� '. " of Bnrmwer shall not operate to release the iii..°-�:ty of the ar�inal Barrower or Borrower�successois in imerest.Lzudar �•.;-
<br />-`'`•��' : ..1;. . .
<br />_��:.'` ;.1..� . , shall not be�qaued to commence prac�gs against any successor m interest or cefuse to extend time for paymeni oa�� •`_•°
<br />�°``�`;f'� • ` othervdse modify amortiTation of the sums secu�d by this Security Instrument by ceason of any demand mad8 by the otigina} � �
<br /> --;i_., .,. rti a
<br /> -��7�'%� � ' Bmrower or Bomuwer�s successors in interes� My forbearaztce by Lender in eaercising any rigt►t or remedy shall nat be a
<br />-__�.• ,:..` . � �
<br /> '• .: v�laive�f,srpreclude th a xe�ise of any.�ght or remed�+...
<br />_�'--:---:� .:;.-;-.-_ ... . . _ . . . _ . _ .._....
<br /> � , • • uccessors aa Asstgns Boun ; oint aa everai Lta6ility;Co-stgaers..7`he wvenanis and agreemenu of tlus �
<br /> • ' . � . Security Inswment shall bjnd and benefit the successors and assigic of Len�er a�td Borrower. su6}ect to ttte provisions ��--_m
<br /> ,' , paragrnph 177. Barrower's tovenants and ageements shall be joint and several.Any Borrower who ca-signs this
<br /> � • � ' [nstrument but daes not eaecute the Note: (a)is ao-signing this Security Instrument only to mortgage.grant and convey
<br /> _ �� ,
<br /> �� � � Barrowerfi interest in the Property under the terms af this Secusity lnstrument; (b)is not personally obli�ated¢�Yay;•`_-=.----"`
<br /> -. .--- • � seeuted by this Security Instrument:and(c)agrees that l.ender and any other Borrower muy agee to extend,madif�:c--"`
<br /> , , � . . or make uny accommadations witf��regard to the tetms of this Security Instnunent or the Niate without that�_-_-T
<br /> �_�_,:-
<br /> � consen�. � � • � • N•
<br /> • • 13. Loan Charges. [f the loan secured by this Secur�ty Insiroment is subject to a law which seu maximum ta�m ' ,
<br /> - � : - ' charges,and that law is finally interpmted so that the interest or ather loan charges collected or to be collected in connection
<br />- . witfi the loan e.ccced the permiued limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce
<br /> ' •. the charge to the permitted limit:and(b)any s�uns atready colfected from Borrower which exceeded germitted limits will�be
<br /> • . . - ' refunded to Borrower. Lender may choose to make this refund by reducing the principal owed undet tke Note or by making a . � •:�.-.
<br />_ . : � ' . . dimct payment to Bom�wer. If a refund reduces principal,the reduetion will be tmated as a partial prepaymeat withaui any � '•
<br /> _ ' � � prepayrt�ent charge under the Note.
<br />_ -�- -�� - � -�-� -, 14. Notiaes. Any norice to Boaower provided for in this Security Ie�sdvment sl�all be given by delivermg it os�y �.
<br /> -. . �' mailing it by first ciass mail unless applicabte law n�yuires use of another metiiod.The notice shall be directed to the Fropertp
<br />_ . ' . � Address or any other addness Borrower designates by no6ce to Lender. Any nouce ro Lertder shall be given by fusi class �
<br />_ . . � mail to Lender's address stated herein or any other address Le�cta.-�signates by natice to Borrower. Any r,otice pro�:�ed for :
<br /> - � � in this Security Instrument shall b$deemed to have been si.c� co Borrower or d.ender when given as provided in this •
<br /> ara h
<br /> � `,_� � •; p 1�5. Governing Law; Severability. This Security lnstrument shalG C�e govemed by federal law•�;nd the law of the • � -
<br />� •<<<�` jwisdiction in which the Property is tocated. In�F:e event that any provisi�c�clause of this Securiry Ir,s.'rument or the Note ��
<br />_'� ` ;�. ' . � conflicts with applicable law.such conflict shall not affect other provisions cfi this Security L�swment or the Note whici can �
<br /> . . . be g,�ven effect without the conflicting provision. 'Ib this end the provis'sc.r.s of this Sa.-�ity Instrument and the Note are �
<br /> . � . deciared to be severable.
<br /> • � �.. � 16. Borrovr¢s�Copy. Boaower shall be given one conformed cog�cG e9e Note and of this Security Instrumen�
<br /> � '` • � � • 17. '11�ansfer�ff the Property or a Benefccial Interest in Borco�¢e: L!'all or any part of the Property or any int�rest in .
<br /> �• ' • ` it is sold or dar�s`ereed(or if a beneficial interest in Borrowcr is sold or vansferted artd Botrower is not a natural p�son) �:-
<br /> -_:l1 . � � .� • withaut Lender's�a�r written wnsent,Lender may,at its aps'son,require immediate payment in full of aA sums seca,rg3 by ' �`� __-
<br /> - . � . this Securi ty Instrrment. However,this o ption shall not be exercised b y Lender if exercise is prohibited b y federai la:��of �:a�:� -
<br />- ,.-__
<br /> , ' the date of this Sec�ty Inswment. �_
<br /> I'-� .. . If Lender exe:,:ses this option,Lender shall give Borrower nouce of acceleration. The notice shall provide a period of � '-�'�'- --
<br /> "` ' . not Iess than 30 days,from the date the notice is delivered or msdted withi�which Borrower must pay all sums secured by this .''��;,���m`-
<br />�'�.' • Securi Jnswment. If Borrower fails to a these sums nor to the ea �ration of this eriad,Lender ma �nvoke an �� '"=�---�
<br /> , ty P Y P � P P Y � Y . : .•:�,,;
<br /> . . � . remedies pertnitted by this Securiry Instrument without fprther notice or demand on Bomnwer. • - - . ,.
<br /> � 18. Borrowe�'s Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have -
<br /> 1 • enforcement of this Security lnstrument discondnued at any time prior to the earlier of (a)5 days(or such other period as • . '
<br /> ''f . • � • Single FamiJy--Fanffie MaelFreQdie Mac UNIFQRM 1NS'1'RUMEN7'-•Uniform Covenants 9190 (paRe 4 oJb page.+) ' � •
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