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<br /> condcmnation or otttcr tnkin�of iiny part of thc P'ru�crty,ur for cunvcynncc in licu of condcmnutiun,ur�licrcby nssigiicJ ieud
<br /> �;Bnll hc pa id lo l.cndcr. ...
<br /> � In ihc cvcnt uf u total taking of thc Property,tha prcx:ceds shnll bc nppllcd to thc sums �ecured i�y �his Sccurity '"��.,e
<br /> � Insuu»�au,�vhcti►cr or nnt thcn duc,with any exccsv paid to 13orruwcr. In thc cvcnt of u panial �nklnft nf U�c I�o�ctly in �•;
<br /> �vhich �he fnir�nurket value��f ihe Property immcdici�r,ly I�ePur��he tnkinb is ci�u��l to ar grcntcr than the tmu�imt af�lec��ur�s ��.t�.-
<br /> sccurcd hy ihis Sccuriry Instrnn ent immcdintcly lx(orc Utc tukinII,unlcss liarcawc�and I.cndcr n�hcrwisc ugrcc lu�vd�i�afj,
<br /> Il�c sums:,�cured by this Secuuty Instrument shal! he mdnred t�y the�nmrntnt of the pmceedx ntuhiriied b� Uie following ��
<br /> frucUun, (a)thc total amount of thc sums sccured immcciiiitcly betorc ihc tnking,divided t;y(b)dic f�►ir mnrk�t vnlu�:of 1hc -
<br /> " Prapc��ty immcdiately bcfore thc t�kin�. Any baluncc shull bc paid ta Borrower. In the cvent uf n par►i��l tukln�! of the __
<br /> " , Property in which thc fair market value of thc Propcny immtdlutcly bcfurc thc tuking is Ic:{S(IlilO llll`lllllllUlll Of QEC 5U1119 ��_
<br /> sccun:d immedintely Uefore the tuking. unless Borrowcr and Lcnder othcrwise ugrcc in wddng ar unlcss npplicnBlc la►w �,-.�
<br /> othcrwise provides,thc procceJs shall be applicd to the sums sccured by tl�is Sccurity Instnimcnt whethcr or not thc sums;�re sr,.=:
<br /> " then duc. _-
<br /> � If Ih� I'roperty is aband�ntd by Borco�ver,or if,after nnticc by Lcndcr ro Rorrower that thc condemnar offcr�ta m.►kc �_
<br /> an awmd or settle a cluim for damnges,Borrowcr fails ro respand to Lender within 3Q dnys after the date the notice is given, ___.
<br /> Lender is authorized to collect and upply the proceeds,at its option,either to restoration or repair af the Property ar to the —
<br /> smns secured by this Security►nstrumcnt,tivhethcr ar not then due. ___.
<br /> Unless Lendcr and Borrowcr otherwisc agree in writing, any application of procceds to principal shall nat extcnd or
<br /> � postpone the due date af the monthly paymcnts refencd to in p:uagraphs 1 and 2 or change the amaunt of sucli puymcnts. �
<br /> �' 11. Horrower Not Reles�sed; �orbea�•unce By Lender Not a Wniver. Extcnsion of the timc for payrncnt or
<br /> modific��tiun of amortization of the sums secured by ihi� Security Instrurr�ent granted by Lender to uny successar in inter�st
<br /> uf Banawer shall not operate ta rcicase thc liability of thc original Horrower ur Buciuwe�•'s tiuccessars in intcrcst. Lcrtdcr = -
<br /> shall not be requimd to commence proceedings agamst any successor in interest or refusc to extend time for paynnnt or �
<br /> . otherwise modify amoni•r.auon of the sums secured by this Securiry Instruinent by reuson of any demand made by the uaginal �
<br /> Borrower or So�rower!s successors in interest. Any forbcarance by Lender in exercising uny right ar remedy sBall nol be a �'-.i::
<br /> ...•
<br /> • waiverof arpreclude the exercise of any right or rernedy. =---
<br /> 12. Successors and Assigns Iiound;Juint and Severul Liubility;Co-signers. Thc covenants and a�rcemcnts of this
<br /> Security Inatniment shull bind and benefit the successon and assigns of I.ender und Borrower,subject to the pruvisions of �:r~
<br /> paragraph 17. Borrower's covcnunts and agreenunts shall be joint and several. Any Borrowcr who co-signs th'ss Securiry �•__
<br /> Instrument but does not execute the Note: (a)i� co-signing this Security Instrument only to mortg�ge,grant and convey that
<br /> Borto�ver's interest in the Property under the tcrrns of this Security Instroment: (b)is not personally obligatcd to pay the sums F'_
<br /> secured by ihis Security Instrument;nnd(c)agrees that Lender und any other Borrower.may agree to extend.modify. forbenr ;-
<br /> � or m:ilce any uccommodations with regard to the ierms of this Securiry Instrument or the Note without that Borrower's �n-
<br /> consent. ``
<br /> 13. Laun Chnrges. If the loan sccured by �his Security Instrument is subject to a law which sets maximum ioan dry �
<br /> � char�es,and that law is finally interpreted so that tl�e interest or other loan charges collected or to be collected in connection __
<br /> with the loan exceed the permitted limits,then: (a)any such loan churge shall be reduced by the amount necessary to reduce -
<br /> " the charge ro the permitted limir,and(b)�my surns ulready collected from Borrower which excecded pemiitted limits will bc �
<br /> , , ',,� ; refunded to Borrower. Lender may choose to make ihis refund by reducing the principal owed under the Note or by in�king a �,._
<br /> direct payment ta Borrower. If u refund reduces principal,the reduction will be treated as a partial prepayment withaut any
<br /> , prepayment charge under the Note.
<br /> • 14. Notices. Any n�tice to Borrower provided for in this Security Insvument shall be given by delivering it or by =
<br /> mailing it by first clnss mail unless applicable law requires use of unother method.The notice shaU bc directcd to thc Praperty
<br /> �' Addr�ss or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first ctass � '
<br /> mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for '
<br /> in this Security Instrument shall be deemed to have been given to 9orrower or Lendcr when given as pravided in this ;,.`
<br /> paragraph. ��"
<br /> ' , 15. Governtng Luw; Severability. This 5ecurity Instrument shall be governed by fedcral law and the law of the ,�:
<br /> � � � jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note w-
<br /> ' contlicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which c:ut �:
<br /> ' .'.::s be given effect without the conflicting provision. To this end the provisiuns of this Security Instrument and the Note are ;
<br /> • declamd ta be severable. . .
<br /> 16. Borrower's Cupy. Bonower shap be given one conformed capy of the Note and of this Securiry Instrument.
<br /> �• 17. 1Fensfcr uf tl�e Property or a I3ene�clal Interest in Borrower. If all or any part of tlie Propeny or any interest in -
<br /> it is sold or transfecred(or if a bcneficial interest in Borrower is sold or transferced and Borrower is not u namral person)
<br /> without Lender'.s prior written consent. Lender rnay,at its option,rcquirc immediate payment in full of all sums securcd by
<br /> this Security Instrument. However,this option shstll not be exercised by Lender if exercise is prohibited by federsl law as of .
<br /> the date of this Securiry Instrument.
<br /> !f Lender exercises this option,Lender shull give Borrower notice of acceler<uion. The nutice shall provide a penod of
<br /> . , not less than 30 days from thc datc the noticc is delivered or muiled within which 8orrower must pay all sums secured by this
<br /> • Security Instrument. If Borrower fails to pay thesc sums prior to the expiration of this period, Lender rnay invoke any
<br /> remedies pertnitted by this Securiry Instrument without further notice or demand on Dotrower.
<br /> 18. �orrower's Right to Reinstate. If Borrower mects certain conditions, Borrower shull have the right to have
<br /> i , enforcement of this Security[nstrument discontinued at :uiy time prior to the earlier of: (a)5 days(or tiuch other period as
<br /> Singlc Family--Fannlc Madi}eddlc Atuc UNI�Ultl11 INSTRUM1tENT-•Uniform Covcnant. 9l9p 1paF�4��J6P�jR«1 !
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