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<br /> ,� . ° � condcmnntion ar other taking af uny part of the Property,ar for conveynncc in lieu of condr.mnation,are hereby assigned and --
<br />_ ;, Ehnll bc paid to Lendcr. ,. _�
<br />�;vr:��;.r•; :,;�. .. In the cvent of� totul taking of thc I'rope�ty, the prcxecds shall bc applied to thc sums secured by this Security • . ..,
<br /> Instniment, wlicther oe not then duc, �vith any excess paid to Borrowcr. In thc event of a partinl tuking of the Propeny in .-
<br /> wiiici► tl►e fuir u�u��ket vt:lue uf the Pruperry inuneJiutely befure ti�e tul:ing is ec�uul to uj-greater than the uniount of the sumr '�`"�'
<br /> ;.a.::..�. '. . s�curcd by this Security Instrumcnt immcdiately befarc the taking,unless Borrowcr and Lender odicrwisc agrec in writir.g, . __
<br />_ • , the sums secured by this Security Instrumcnt shall be rcduccd by the nmount of thc procecds multiplicd by thc following ^ �—
<br />_ � fraction: (a)thc tatal umount of thc sums sccured immeciiately before the tuking,divided by(b)the fair rnnrket vuluc of tl�e ��.e.i
<br />- � ' Property immcdlutcly before thc u►king. Any bnlancc shall be paid to Borrower. In the event of a partial taking of thc „ "�'
<br />_ Property in which the fair market vnlue of the Propeny immediutely before the taking is Iess than the amount of the sums � �j
<br />:- sccured immediutcly before the taking, unless Bnrrower und Lendcr otherwisc agrec in writing or unless applicabic lnw '�i�
<br />_• ° ^ otherwise pmvides,che proceeds shall be applied to the sums secured by this Securiry Instrument whether or not the sums are • ; �
<br /> •• then due.
<br /> • If the Propeny is abandoned by Borrower,or if,uftcr notice by Lcndcr to Borrower that the condcmnor offers to makc ��,� ,,
<br /> an award ar settic n claim for damages,Borrowcr fuils to respond to Lender within 30 days after the datc the noticc is givcn,
<br /> �` Lendcr is authorized to collect und npply the proceeds, at its option, eithc:r to restorution or rcpair of thc Propeny or to thc ��� '
<br />�. sums secured by this Security Instrument,whether or not then duc. ►� l
<br />�'� LJnless Lettder nnd Sorrower otherwise ngree in w�iting,any applicution of proceeds to principal shull no[extend or �"; %
<br />�� postpone the duc date of the monthly payments n:ferrcd to in parugraphs 1 and 2 or changc the amount of such payments. . ,. . ;:�y 1:
<br /> ,� 11. Borrower Not Released; Forbeurance By Lender Not a Waiver. Extension of the time for payment or �
<br />-� modiCcAtion af sunonization of the sums secured by this Sewrity Instrument granted by Lender to uny successor in interest .' '. °°�^*��y�
<br /> • of Borrower shall not opei�au:to release the liability of thc origimil Borrower or Borrawer's• succcssors in interest. Lender -. �_�
<br /> � shull not be required to commence proceedings a�;ainst :uiy successor in interest or refuse to extend tirne for payment or ; ����'. ---
<br /> - otherwiae modify amorti�ation of the sums secured hy this Security Instrument by reason of nny dem:�nd rrtade hy the nriginal '
<br /> . Borrower or Borrower's successors in interest. An forbearance b Lender in exercisin�an ri ht or remed tihall not 6e a .�•��•;� �
<br /> . Y Y b ' Y S Y • . �r==-
<br /> waivcr of or preclude the exercise of any right or remedy. ��,
<br /> ,. 12. Successors And Assl�ns Bound;,Ioint and Severs�l Liubility;Co•signers. Th�covenants and agrcements of this .,.Y . ,��
<br /> Security Instrument shull bind and benefit the successo�s and assigns of Lender and Borrower, subject to the provisions of ' '` "`"
<br /> , „ paragraph l7. Bonower's covennnts and ugrcemenGS shall be joint and several. Any Borrower who co-signs this Security r '��''�;'�-�=
<br /> • Instrument but does not execute the Note: (a) is co-signing this Securiry Instrument only to mortgage,grant:u�d convey that • �,
<br /> Borrower's interest in the Property under th�icrms of this Security Instrumenr, (b)is not personnUy obligntcd to pny the sums .;i:�r"�
<br /> �A,.�..Ad�y sl:is��:::::�r.,�.rs:n�r.:;�r.a,���b�.a...a...Lc::da:•..,,+•».n;,.�i.A.g,...,.,�,... .,�ag:�A:�P�:cn�.r.t::^if;.fas�^r . - -
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<br /> •„ or make any accommcxlations with regard to the tcrms of this Security Instrument or the Note without that Bonower's �� r
<br /> COi15CRL �'��'tl,
<br /> 13. Lqan ChArges. If the loain secured by this Security Instrumeut is subject ro x law which sets muximum loan �.1 �
<br /> � .. •� charges,nnd that law is finrslly inteipreted so that the interest or other loan churges collected or to be collected in connection : '�:
<br /> with the loan exceed the permitted limits,then: (a)any such loan charge shall be�reduced by[hc amount necessury to reduce ,
<br /> the charge to the permitted limit;and(b)any tiums already collected from Borroaer which exceeded permitted limits will be
<br /> rcfunded to Borrower. Lender may choose to make this refund by rcducing the principal owed under the Note or by making a . ` ''�
<br /> - , direct payment to Borrower. If a sefund reduce+principal,thc reduction will be treated as a partial pmpayment without any �_ •
<br /> prepayment churge under the Note. � '
<br /> 14. Nofices. Any notice to Bortowcr provided for in this Scrurity Instrument shall bc given by dclivcring it or by � '"` '; ..
<br /> mailing it by first class mail unless applicnble la�s reyuires use of another method.The notice shull be directed to the Property ����
<br /> Address or any other address Bonowcr dcsignatcs by noticc to Lcnder. Any notice to Lender shall bc givcn by�rst class I . '` ::
<br />' � mail to Lender's address stated hcrein or:uiy other address Lender designates hy noticc to Borrowec Any notice provided for '
<br /> in this Security Instrument shall be deemed to have been given to Borrower or Lender when given us provided in this � ' ��-�,,��__=
<br />_ puragraph. ' °: s,; R.
<br /> 15. Governing Y.uw; Severnbillty. This Security Instrument shall b� govemcd by fedcral luw and thc law of the ' ,
<br /> ' jurisdiction in which the Property is located. in the event thut any provision or clause of this Securiry Instrument or the Note `''�
<br /> confl�cts with applicable law,such conflict shall not affect other provisions o(this Security Instrument or the Note which can •• ,�.
<br /> , � be given effect without the conflicting provision. To this end the provisions of this Sccurity Instrument iind the Note an ," .�5.t.'�$;
<br /> declared to be severnble. , ��'
<br /> , _�.
<br /> r �� 1G. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Securiry instrument. I +' ,��I
<br /> "' .. 17. 'I�unsfer of thc Property or a BeneQcl�l Interest in Borruwer. If all or any part of the F'ropeny or any intcrest in ! . t: �},,.
<br /> �` it is sold or transferced(or if a bene�cial intemst in Borrowcr is sold or transfcrmd und Borrowcr is not a nuturul person) I •�, •
<br /> without Lender's prior written consent,Lendcr may,at its option,requirc immediate payment in full of all tiums securcd by � �.. i; ���
<br /> this Security Instrument. However,this option shall not be exercised by Lender if exercise is prohibited by federal law as of � r-
<br /> the date of this Security Inswment. �.', ;
<br /> [f Lender exercises this option,Lender.shall givc Borrower notice of acecleration. The notice sh..ill provide a period of � . r
<br /> . ' noi less than 30 days from the dnte the notice is deliven:d or mniled within which Borrower must pay all sums secured by this ' • '
<br /> ' ' Security Instrument. If Borrower fails to pay thcsc sums prior to the expiration of this period, Lender rnay invnke any ` '� •a
<br /> �•� , remedies permitted by this Security Instnrment without fu!ther noticc or demand on Borrowcr. � ; ,�
<br /> 13. Borrower's Rlgltt to Reinstnte. I f Borrowcr mects ccrtain conditions, I3torrowcr tihall have the right to havc " ���
<br /> ' . , enforcement of this Security Instn�ment discontinued at any time prior to the earlier of: (a)5 days(or such other period as � „ x��
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