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<br />��,, , ° condcmnnti�,n o�•mhc�•tnkin�;uf uny part of thc f'rosicny,or for c�mvcyancc in Ilcu of con�icmninian,nre hcrchy n�,signcd i►nd _.._...---
<br />,-.►. •• ° � tihall hc pald io l.cncicr. " ��
<br />�;� �'` - • In thc cvent of u totul tnking of thc Prapc�ty. ihc pr�xceds tihnll bc npplicd to thc suuis sccurcd by �hlti ticcurity ���"`�_�
<br />- . . Instrumcnt, wl�ethcr or not�hcn duc, with any exccss paid to t3c�rrowcr. In thc event i�f u pa�Tinl tukin�;of d�c I'��f�xny in �____,�,�.,.,
<br />��. : � whieh the fnir market vnlue of the I�ropeny inmiediutely l,el'ur�►he tukin�is cqu,il tu ur�rcater ihau ti�c anwunt of ih��tmr.: �-_ - -
<br />�-� '� ��>> . sccurcd by thiw Sccu�iry Instnimcnt immcdintcly bcfarc thc tnking,unlcss Borro�vcr i►nd l.cndcr othcrwisc ugrcc in wridng. _ _ __-
<br />���' � " ' `} the sumti sccurcd by this Sccuriry Instn�mcnt shall be reduccd by the nmc�unt of thc procccds multipli�d hy Ihc follo�ving —':°--
<br /> " f'rnction: (n)the total�unount of tlie s�nns seeured immedintely before the taEcing,divided by(6)thc fi�ir m1rl<et vnlue of�he � "'�`�
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<br /> _ . Propsrty immcdintcly befarc thc tuking. Any balancc Shidl bc paid to Barrowcr. In thc cvcnt of a pani►il tnking of�hc ��::,�_
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<br /> � . Propc�ty in which thc fuir mnrket valuc of the Froperry immedintely beforc thc taking is Icss than the amnunt of thG sums ��_�_,-_.
<br /> � sccurcd immcdintcly beforc thc taking, unless Borrowcr und l.cndcr othcrwisc agrcc in writing or unlcss i�pplicablc Inw �'�="-=��
<br /> '" adterwise provides,tlie praceeds shall be applied to the sums secured by this Security Instrument wiiethcr or nut the sunis are: �"='"'°'�� �
<br />-`�� ` chen duc. � +
<br /> if thc Propeny is abandoned by Borrowcr,or if,af'tcr noticc by Lcndcr to Barrower that the condemnor offcrs to makc —��- -
<br /> � an awnrd or sctNc a claim for damugcs,Borcovrer fuils t�respond to Lender within 3{1 dttys aftcr thc datc thc notice is given, ��3��
<br /> Lender is;wthori�.ed ro collect und upply the proceeds,at its�ption,cither to resror.uion or repair of the Propeny or ta the ��.:.,".v�.-.----
<br /> �s���_...��.�--
<br /> sums secureJ by this Security Instnrment,whether or not then dua = _
<br />-� � Unless I.endcr and Borrower otherwise agree in writing, any upplication nf proceeds to principal shall not extend or -
<br /> •� otit ne the duc dnte of thc monthl � ments refcrred to in .un r i hs I und 2 ur ch:ui c thc umount of such n mcnts. �-
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<br /> +� 11. Borro�vcr Not Refensed; forbearAnce By L.ender Not a Walvcr. Extcnsion of thc time for payment or °�4 --
<br /> modification of amortir.:ttion af thc sums securcd by this Security Instnnncnt�ranted hy Lender to uny succctisor tn intctc,t �`''.�"��:--
<br /> ; of Borrowcr shall not operate to relcasc the liability of the original Borrowcr or Horro�ver'r successors in interest. Lender ���•- ,��_
<br /> � shall not be reyuired to commence proceedings ngainst any successor in interest or refuse to extend time for puyment or �,ir��'�'=��_
<br /> othcnvise modify amortization of thc sums securcd by this Security lntitn�ment by reuson of any demund made by thc originul �.�"'�_-�
<br /> Borrower or Borrowcrti successors in interest. Any forbearance by Lender in exercising uny right or remedy shall not be a -'�:-s`Y
<br /> � waiver of or pmclude[he exercise of any right or remedy. ��'����,��.(Y
<br /> 12. Successors and Asslgns Bound;Joint und Sevcral I.inbility;Co-signers. Thc coven1nts,mci agrcemcnts of this ��.'-.°�.''�"-'"�'"�`
<br /> Security lnstrument shall bind.►nd benefit the successors und ussiguti of Lender and Borrower,subject to the provisions of {�:'-n�:•�_
<br /> " . para�raph 17. Dorrower� covenants and agreements shall be joint und :;evcrul. Any Bonower who ca-signs this Security ���
<br /> Instrument but does not execute thc Note: (a)is co-signing this Securiry InStrument only to mongage,grunt and convey that •'.--
<br /> Borrowcr.l•in[emst in thc Property undcr thc terms of this Securiry lntitrument; (h)is nat personully obligatr,d to pay thc sums "•' �
<br /> . . ._ � _. _._ .- .. . ._�....�..... .1 . .A.`.AC::L'::'�.•:T:«� rnn����vtnrri mn�2f'v fnrhn� _ .
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<br /> seeured'oy�m�aecu�iry Iu,t,uu�cui.iiiit�l�l ug�c�a��Sui f..:.in'3Ci:iR..�R` t....". �•an � , � .�
<br /> .•; `•, or make any accommodutions with regurd to the terms of this Sccurity Instniment or the Note without thut Eiorcower's
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<br />' , canscnt, ��' �` ,
<br /> . 13. Loun Charges. lf the loun secured by this Security lnstrumcnt is subject to a law which sets maximum loan
<br /> ' charges,:uid tha[law is finally intcrpreted so that thc interest or othcr luan churgcs collccted or to bc collected in connection �� :j. �•,
<br /> ,'�'� with the loan exceed the pertnitted litnrts,then: (a)uny such loan charge tihall Ix�reJuceJ by the amount necessnry to reduce �
<br /> the chnrge to the permitted limit:and(b)nny sums already rollected from Borrower which exceedeci permitted limits will be ,�•� ,�
<br /> . refunded to Dorrower. Lender may choose to make this rcfund by reducing the principal owcd under the Note�r by making n �% ;
<br />- direct payment to Borrower. If a refund rcduces principal,the reduction will be treuted as a partial prepuyment without any �,, * .�:
<br />_ _ ' pmpxyment chargc undcr thc Notc. ,•;,r
<br /> l4. Notices. Any notice to Borrower provided for in this Sccurity (nstrumcnt shall be given by dcliverin� it or by ,
<br /> mailing ir by first cliiss mail unletis applicablc law rcyuires use of imother mcthod.The notice shall be dirccted to the Pmpeny ��'r � „
<br /> Addrrss or:my other address Borrowcr designatcs by noticc to Lcnder. Any noticc to Lender shall bc givcn by first class . � ,
<br /> mnil to Lcnd�r's address stated hcrcin or any other uddress Lendcr dcsignates by noticc to Borrowcr. Any notice providcd for � '' ' -=�
<br /> ,' �� . , in this Security [nstivmcnt shnil bc deemcd ta have bcen givcn ro Borrowcr or Lender whcn given us provided in this , , ^�; �
<br /> ,,'' . , • parngraph. . .
<br /> ' . 15. Governing Luw; Severabllity. This Security Instrument shnll be govcmcd by fcdcral law and thc law of the �
<br /> jurisdiction in which the Property is lacated. In the event thut uny provision or cluuse of this Sccurity Instrumcnt or the Note ��(;,
<br />_ cunflicts�vith applicable law,such conflict shull not affect other provisions of this Security Instnnnent or the Note which can (%•'�-
<br /> �. be given effcct withaut the conflicting provision. To this end the pruvisions of this 5ccur.ity Instrument and the Note arc i . ���,�:
<br /> " dccl:ued to be severa�blc. �� � �' �
<br />��y 16. Borrower'ti Copy. Borrower shull be given onr conformed copy of the Nc�te and of this Security Inxtrument. i'°.
<br /> � 17. 'A}�nnsfer nf the Property ar a Beneficiul Interest in I3orrower. If:dl or xny part of thc Proprrty or.uiy imere�t in 'k. ,, �
<br /> '-' - it is sold or transfcrrcd(or if a bcneficial intemst in Eiorcowcr is suld or transfcrred and Borco�vcr is not a natural penon) �' :�
<br />.; ; widiout Lcndcr's prior wriuen consent,Lendcr may,at its option,rcyuire immediate payment in full of all sumx ticcurod by �
<br />-: 'i� this Security[nstrument. Howevcr,thi:option shall not be cxercised by Lender if exercise iti pruhibited by federal law as ot' ?•
<br /> �
<br /> the date of this Securiry Instrument. . , ,
<br /> � ' If Lender exercises this option,L.cnder shall give liormwer notice of acccleration. The notice shall provide ii period of • •�
<br /> i � not less than 30 days from the dnte thc notice is delivcmd or mailed within which Borcower mu�t pay all sum�securcd by this
<br /> ,� Security Instniment. If 8orrowcr fails to pay thesc �mns prior to thc expir,uivn of this periai. Lrndcr may invokc any !
<br /> rcmedics�x;rn�itted Uy tliis Security Instrument without funher noncc or demand on Bormwcr. � �x
<br />� 18. Borrower's Rlght to Rcinstatc. If Borrowcr mcets ccrtnin ronditions, Buirowcr shull havc thr righ� to havc I
<br /> � ' cnforcemcnt of this Securiry Instrumcnt discontinucd at any time prior ro thc carlicr of: (:Q 5 days(or such othcr period as l
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