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<br /> _'� " „ �, condcmnntion or oU�cr tiikin�;of iiny pan of thc I'roperty,or for convcyancc in licu of condcnmution,arc hr.rcby assignrd i�nd 4
<br /> ::,� . Fh.►II bc p:►id to�.cndcr. .,,` —
<br />-�� ��� In dtc evcnt of n total taking of thc Property, thc procecds shnll hc applicd to thc sums sccurcd by �his Sccuriry • �
<br />_ft Instrument,whcthcr or nat U►cn duc, with any cxccss paid to Eianowcr. In�hc cvcnt of a partiid taking��f�hc('roperty in
<br />�:'~.- ''• which thc fuir murkct vi�lue of thc Propcny imn�edintcly before�hc e:iking is cqual to or grcatcr thnn th�nmaunt of the sums , - �' �•�:"
<br /> , sccured by this Secarity instrumcnt immcdi;itcly bcfom thc takinq, unlcss Borrowcr and Lcndcr othcr�visc agrcc in ev,iling, , �-
<br />-;j. • the sums secured by this Securiry Instrument shall be Rduced by Nu amoune of the proceeds multiplicd b,y the fotlowing ,. ;•� �; ,; -
<br />�'- - � . , frACtinn: (u)the total nmount of the sums secured immeciiutely before the taking,ciivided t�y(b)�he fnir market value of the •� `��=�`,�"'���-
<br /> . � Property immediatcly be:fore the taking. Any bal;utce shall be paid to Borrower. In the ovcnt of a partial ti�king o4'the __
<br /> ProF►crty in which uie fair markct vulur of the Property immediately beforc the taking is lc+x than thc amount of thc sums ,
<br />._�.• . • .•� .(. •��.
<br />_ sccurcd immcdirdely bcfare the taking,unlcss Borro�ver and Lender othcrwise ugree in writing ar unlcss npplicable I;►w
<br /> ` athenvise provides,thc prnceeds shnll be npplied to the sums secured by this Security In;trument�vhether or not the sums a� —
<br />� thcn duc. " � -
<br /> �� � ' ff thc Nroperty is ahandoned Uy Borrower,or if,aftcr noticc by l.endcr to fiorrower that��hc r.ondcmnor offers to mnkc ' �_-
<br /> -' , �tn a�vard ar settle n claim for damages, Borrower Fails ta respond to Lender within 30 days after the date the notice is given, `'�"�"`'''.���,
<br /> `, - " � Lcndcr is authori•r.cd to c�llect and apply thc procccds,nt its�ption,cithcr tu rcstoration ar rcpair of thc Property or ta tha � ' � ,�"'7�3.'
<br /> • • sums secured by this Security InStntment,whether or not then due.
<br /> � � Unletis Lender.►nd Borrawer othenvisc agrec in writing, uny application of procceds to principal shaU tiot extcnd or ��..� °�,
<br /> 3. postpanc thc due dute of thc manthly payments referred to in p:uagraphs l and 2 or changc thc amount of such paymcnts.
<br /> .. �`�`u':-=.
<br />� „;,., 11. Dorrower Mot Reiensed; rorbenrnnce By [.ender Not n Wniver. Extension of thc timc for payment or �r J�,:-
<br /> -� madification of umorti��tion of the sums secured by this Sccurity Instniment granted by I.ender to any succcssor in intemst ���^'��`t�-=-�="°"-
<br />� ,�yp�,.,_�.
<br /> � „ of Borrowcr shull not operat� to rclease the liaoility of the original Borrower or Huttowcrti succeston in interctit.Lendcr ;�e v��::
<br /> shall not be rcyuimd to commence proceedings aguinst uny successor in intercst t�r refuse ro extcnd time for payment nr ' '' '�-
<br /> othcrwisc modify amortization of thc sums sccured by this Sccuriry Instrument by rcason of any demand madc by the originnl �`',°`•,: .'`�
<br /> :� Borrowcr or Borrowcr.l•succetisors in interest. Any forbcar.incc by Lcnde�•in excrcising any right or rcmcdy shall not bc a �•: ��
<br /> • ?�.tQ`�-;�.
<br />� ' ' waiver of or pmcludc the cxercise of any right or rcmcdy. _
<br /> . , , l2. Successors nnd Assigns Iiound;Julnt and Severul Liability;Cu•si�ners. Thc covenants and tigrccmcnts of this ,.J� �;,.,..
<br /> " Sccuriry Instrumcnt shall bind and bcnefit thc�ucccsson and assigns uf Lcndcr and Rorrowcr,tiubjcct to thc provisions of -!':�_-:
<br /> , ' paragraph 17. Borrowcrk covcnnnts and agrcements shall bc joint :md scvcraL Any Bonower who co-signs this Sccurity
<br /> Instrument but does not execute the Note: (.i)is co-si�nin this Securit Instrumene onl�ro mort a e, r,int:u�d conve that ��,I,�
<br /> b S Y ) G fi S y ':+',.
<br /> . . 8orro�vcr's intcrest in thc Propcny under the terms of this Sccurity Instrumenr, (b)is not persunally obligated to p;ry the sums
<br /> sccured by this Security lnstrument;and(c)agrces that I.cndcr�md any othcr Borrower may agrcc to extend,mudify,fori�ear �
<br /> " or makc any nccommodatiom with regard ro thc tcnns of this Scrurity Instrumcnt ar thc Notc without that Borrowcr's ��'
<br /> . .__QJrv� ..
<br /> , _ . cnnscni. .;
<br />-_ � 13. Loan Charges. If the loan secured by this Security In:U•ument is ,ubject to u law which sets mnximum loan
<br /> charges,and that!aw is finally interpreted sd that the interest or other loan rharges collected or to be collected in connectiun "' �
<br /> "' :• with the loan excee�the permitted limits,then: (a)any such lo.in ch�rg�tih,dl he n:duced by the amount necessury to reduce s�� �
<br /> the charge to the pertnitted limit;and(b)any tiums already collected fmm Horrowcr which excecded permitted limits will bc
<br /> „ ; •. mfunded to Bonou•er. Lender may choose to make this refund by rcducin�the princip;►1 owed under the Note or by mnking a ° ��'�.
<br /> dircct payment to Borrower. If a refund reduces principal, thc reducti�m will bc trcatcJ us a panial pmpayment without:tny i•,{��
<br /> • prcpaymcnt chargc undcr the Notc. •.� � .
<br /> 14. Noticcs. Any noticc to B��rrawcr providcd for in this Securiry Instrumcnt shull bc bivcn by dclivcring it or by . :�. �
<br /> _, mailin�it by Gnt class mail unless npplicable Inw rcyuircr use oP anothcr method.'fhe notice shall bc dircctcd to the PropcRy • ��; ;.�
<br /> . ' , • Addmss or.my othcr uddress Eio�TOwe�designutes by notice tc�l.cndcr, Any noticc to Lendcr tihall Ix�given by first cla�s " •��
<br /> �� mnil to Lender�addmss stated herein or any other addrcsr Lender designates by nc�tice to Bonower. Any notice providcd for
<br /> in this Securiry Instrument shall bc decmed to h�►vc bcen given to Dorrowcr or Lendcr when givcn as providcd in this ' : ;,
<br /> par�graph. ` •' �'e--r a
<br /> 15. Governing Luw; Severiibflity. This Securiry Instrument .hall be govcrned by fcdcr.il law and thc Inw of the • ��
<br /> • , ., jurisdiction in which the Property is loc:a[ed. In the event that any provision or cluuse of this Security Instrum�nt or the Note •-
<br /> �� , conflicts with applicuble luw,such wntlict shall not affect other provisions of thiti Security Instrume�t ur the Note which r;m S�
<br /> _ be sive►�effect without the conflicting provision. To this cnd thc provisionti of this Security lnstrumcnt and the Notc are �,,f._
<br /> -•• declarcd to bc scvcrablc. �� �,,:�
<br /> 16. [iorrower's Copy. Bormwer sh�ll be given one confnm�eni copy of the Note and of this Security Instrument. •
<br /> � 17. 'Ilrunsfcr oP ttic Property or�Qeneficii�l lnterest in 13orro�ti•er. If ull or any part,�f thc Propeny or any iracrost in �
<br /> it is sold m-transferred(or if a beneficcal imerest in Borrowcr is sold or transfcrmd and Borcower is not a natur.d person) .� `���r•.
<br /> •.� �vithout Leetdcrti prior written conscnt.A.cncler may,at its vption,rcyuire immedi:uc paymcnt in full of all�ums,ccurcd by I,. ���.•�
<br /> , this Sccuriry Instrument. Howevcr,this aption sl�all not hc excrci,cd by Lendcr if cxcrcisc is prohibitcd by fedcr.d law a�of , �,:
<br /> _ thc date of tl�is Security Instrumcnt.
<br /> • If Lendcr cxcrciscs this option,l.endcr shnll givc E3orrowcr noticc of acccicr,�tion. Thc noticc shall pmvidc a period of ' '�.
<br /> not less than 30 dcrys from the datc thc noticc iti dclivcrcd or mailcd within which fiorrowcr mu,t pay all sums�ecurcd By thiti I r ^
<br /> Securiry Instrumcnt. If Borrowcr fails to pay thcse sams priur to thc expiration uf this period, Lcndcr ►nuy invoke any '
<br /> � remeJies perniitteJ by this Securiry Instrument without further notice or demand on Horr�iwer. I '
<br /> 18. I3orrowcr`s RiFht to Rcinstutc. [f Borrowcr mcets ccna:n conditions, Borro��rr ,hall havc thc rigln to havc ; .
<br /> „ enfarcement of�his Sccuriry Insnvmcnt discontinued at any time prior ro the c;ulier uf: (u)S days 1or,uch otlur�x:riud as -
<br /> ., ; _
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