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<br /> co3iAemnation or other t�kin�of uny part of!he Property,or for conveynnce in lieu of condem�tation,ore hereby:�.ssigned anJ ...,y.,.,.�,,,.,���:,�,..—
<br />�," , shall t�c paid to l,endcr. �$�q+,�"M1 � �-
<br />- In the event of n rotal tnkin� of tl�e Pro�xrty, the proceeds shull be nppiied to the sums secured by thts Security *.*,.,-__' _.
<br /> tnstrument,whcther or not then due, with nny exccs+paiJ to Rorcowcr. In thc evcnt of a narlial taking�f thc I'roperty in � i , ��.___
<br /> � � wnich Ihc fair mnrket vnluc of thc Property immcdiatcly bcfarc thc taking is cquul to ar grciucr than thc amaunt of thc sum5 �• ___t�-_-
<br /> , cecured by this Security[nsuumcnt imm�diatcly hcforc thc takin�.unless Dorcowcr and Lcndcr othcrwisc agree in aating, �,,�„„,
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<br /> f � � the sums secure�l by Uiis Security Insuurnent shnll be reduccJ by Q►n umoiuu of tl�c p►'ocecds multiplied hy the followin� _r u —_
<br /> fractian: (a)the total amount of the sums secured i�nmediately before the tuking,divided by(b)the fair mcvket vnlue of thc ��_:,�. "�
<br /> '• Property immediately beforc the taking. Any baluncc siiall be paid to Bunower. In thc evcr�t of a psrtinl Glking of tt►c -:`.. _��y�,��_
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<br /> property in which the fair market vulue of the Property immedi�tely before thc tuking is Iess thun Qic amount of the sums �1� �=��;__
<br /> secured immediately before the taking, unless Bonower nnd Lender othenvise ugcc:e in writing or unlcss applicablc law ; ;�n�.�...—_�,
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<br /> oiherwisc provides,thc proceeds sha11 bc applicd ro the sums secured by this Security Instrument whether or not the surrs arc ,�.,.,:;,�;.�;;,,�_
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<br /> tlicn due. ...;_T`';:.,_."�,-�•
<br /> l-� If the Property is abandoned by 8arrower,ar if,ofter notice by L.ender w Borrower thac the condemnor uffers to mnke � ,5.,. __ —
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<br />-� ' � an award or settle a claim for dama�es,Borrowcr fails to respond to Lendcr within 30 days after the date Qic notice is given, � �,�-.��,�,,,`_. _
<br /> 1.•ender is luthorized to collect and upply the proceeds, at�ts option,either to restoration or eepair of tha Property or ro the _n,�t��¢�
<br /> sums secu�rd by this Security Instrucnent,whethcr or not then due. ,.� � .��:.�,
<br /> Unless Lender and Borrower otherwise agrce in writing, any application of proceeds to principal shaU not extend or r >,: �
<br /> ' postpone the duc datc of thc monthly paymencs rcfertcd to in paragraphs I and 2 or change the amount of such payments.
<br />' 11. Barrower Not Relettsed; Forbearance By l,ender Not a Wafver. Extension of [hc timc for payment or =.-.;s���°
<br /> modifieatiw�of nmortization of the sums secured by this Security Instrument granted by Lender to any successor in interest .„ _:;,i,�,��,-�_
<br /> of Borrower shall not operate ta releasc thc liability of the originul Borrower or Borrower's successors m interr,st. Lender ,�,t.kv�.�--..—• -
<br /> shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or ,� .._,_��_�•.-
<br />� � otherwise modify�amonizntion of the sums secured by tnis Security Instrument by reason of u►y demand made by the original j,�;�r,..:.
<br /> � Borrower or Borrowers successors in intemst. Any forbearance by Lender in axercising any nght or rcmcdy shaU not be it �M.��}�,
<br /> waiver of or preclude thc cxercise of any right or remedy. '�%`='-'`��=�
<br /> 12. Successors and Assigns Bound;Joint and Several LlAbility;Co•si�ners. Thc covenants and agrcements of this . _��
<br /> Securiry Instn�ment shaU bind and benefit the successors and assigns of Lendcr and Bortower, subject to the provisiom of ';,..,�.�;,��,�
<br /> paragraph 17, Bo�TOwer's covenants nnd ugreements shall be join[ and several. Any Borcower who co-signs this Securiry ., ����}�
<br /> ' Instrument but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage,grant and convey that , ___„
<br /> • Borrower's interest in the Property under the tcrms of this Securiry Instrument; (b)iti not persanally obligated ro pay thc sums ;..;�. ,• ' =
<br /> • securcd by this Security Instrument; and (c)agrces thnt Lendcr and any othcr BoROwer may agree to extend,modify,forbcar ' �
<br />_ ' �� or make any accommodations with re6ard to the terms of this Security Insttument or the Note without that Borrowert ,;{�`��
<br /> consent. —"-
<br /> 13. Loan Charges. If the loan secu►-ed by this Security Instrument is subject to a law which sets m:►ximum loan
<br /> ' , " charges,and that li�w is finally interpreted so that the interest or other loxn charges collected or to be collected in connection : 4
<br /> with the loan exceed the pennitted limits,then: (a)any such loan rharge shall be reduced by the amount necessary to reduce �_,.� •
<br /> the charge to the permitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits wiU be
<br /> refundcd to Borrower. Lender muy chootie to make this refund by reducing the principal awed under the Note or by making a ,_
<br /> ' dinect payment to Borrower. If a refund reduces principal,the rcduction will be trra[ed as a partial prepayrnent without any ';,., •
<br /> „ prcpayment charge under the Notc. , .,
<br /> 14. Notices. Any notice to Borrowcr providcd for in this Security Instrumcnt shall be biven by delivcring it or by
<br /> ' mailing it by first class mail unless applicable law requires use of another mcthod.The notice shall be directed to the Property �� .
<br /> ' � Address or nny other address Borrower designates by noticc to Lender. Any notice to Lender shnll bc givcn by first class �,.���
<br />_ , mail to Lender's-address stnted herein or any othcr address i..endcr dcsignates by noticc to Borrowcr. Any noticc provided for I ,�
<br /> in this Security Instrument shaU be deemed to havc been givcn to Borrowcr or Lender when given as providcd in this � '. �
<br /> ° paragraph. I .. , '� =_
<br /> 15. Gnverning La�r, Severabllity. This Sccurity [nstrument shall bc govcrncd by fcdEral law und the law of thc ',���'--.,�
<br /> jurisdiction in which the Property is located. In the cvent that any provision or clause of this Security Instrument or the Notc
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<br /> conflicts with applicable Inw,sucl� conflict shall nut affect other provisions of this Security Instrwnent or the Note which can � �
<br /> be given effect without the conflicting provision. To this end the provisions of this Security Ins[rument and the No[e arc �
<br /> • � declared to be sevcrable. ' .' . (' �4j
<br /> • 16. Borrawer's Copy. Bonower shnll be given one conformed copy of thc Note and of this Securiry Instrument. ; _ � �_,,
<br /> ' 17. 'ItansPer of the Property or A Beneficiul Interest in Borrower. If all ar any pact of thc Property or any intcrest in � .+'� �
<br /> it is so(d or transferrcd (or if a beneficiul interest in Borcower is,old or transfcrred and Borrowcr is not a nawrsl person) i �'
<br />° �vithout Lr.nder's priar written consent. Lender may,at its option,require immediate payment in full of all sums tecured by I �� � ' ,
<br />-, � this Security Instrument. However,this option shall not be cxercised by Lcndcr if exercise is prohibited by federal law as of � ., i
<br /> � the datc of this Security Instrurt�cnt. � � 'r
<br /> � If Lender cxcecises this option.Lender shall givc Bottower noticc of acccleration. The notice shall provide a period of � �,.;
<br /> not Icss than 3Q days from thc date thc�otice ix delivered or m�i led within which Borte�wcr must pay ull sums secured by this ; ^
<br /> Security Instrument. If Borrower fails ro pay these sums prior tu thc cxpiration of this period, Lender may invoke any � �
<br /> � remedies pe[rnitted by this Security�Instrument without further notice or demand on Borrower. � e
<br /> � •�. � . ,, , 18. Borrower's Riglit to[telnstt►te. If Borrower mects certain conditions, Borcowcr shall have thc right to havc .
<br /> ' enforcement of this Securiry Instrument discontinued at any time prior to the earlier of: (a)5 days(ur such other peri�d as ,
<br /> ' . Singlc I'nmdy--Flmnte Mac/I•Yeddle Mnc UNIGORM1I INSTRUMENT--Um(onn Covcnants 9/40 r��xe a nJ6 pages) � ' !
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