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<br /> -; condemnntion or other t;�kin�of any part�f the f'raperty,or for convey�nc�in lieu of caidemn�tian,iire he�eby as9igned and
<br /> shall be paid to Lend�r. ^r
<br /> .�,, In the event of u tatal taking af the Propeny, the proceeds shull be npplicd to the su�i�s secured by this Security
<br /> Instrumcnt,wiictlicr or r.ot thcn due,with uny cxccss p�iA to F3urra�ver. In ihe evcnt of a parlfal taking of ih c Property in
<br />_ � „ � wl�ich thc fitir murkct vuluc ui the Propcny imo�ediately l�efure tlte taking is eyuul w ur gre.tter�i�un tfie iunauttt of the sums �-
<br /> sccurcd by this Sccurity Instrument immcdiatcly before thc ta!tin�,unless Borrowcr and Lendcr othcrwise ogr�e in writing,
<br /> �' thc sums sccurcd by thi5 Sccurity Instrument shall Ix rcduccd by the umount of the procccds multiplied by thc fallowing
<br /> fraction: �u)the total amount of the sums secured immediately befote the trsking,dlvided by(b)the fair mnrket value of the —
<br /> • ' Propeny immeciiatcly before the taking. Any balance shnll he paid to Borrower. In the event of a pactial 3aking of the
<br /> � Prupeny in which �hc fair market vuluc of the Propeny immcdiately before the taking is less than the amoun�of thc sums
<br /> sccurcd immediatcly beforc the taking, unless Borrower and Lender otherwise ugree in writing or unless npplicablc law
<br /> �' otherwise provides,the proceeds shall be applied to the sums secured by this Secunty Instrument whether or not the sums are c-
<br /> •, thcn duc.
<br /> !f thc Properiy is ubastdoned by Bortuwcr,or if,aftcr noticc by I.ender to Borcower that ihe condemnor o�'fers to make
<br /> an;►waud or settic c�claim for damages,Borrowcr fails to respond to l,endcr within 30 days nftcr thc date the notice is given,
<br /> Lender is authorized ta collcct und npply the proceeds, ut its option,either to restoration or repair of the Propcny ar to the
<br /> , sums secured by this Sccurity lnsirument,whether or not then duc.
<br /> � . , Unless Lender and 8onower otherwise agree in writing,any�pplication of proceeds to principal shall nat extend or
<br /> pustpone the due datc of the monthly paymcnts refcrred ta in p:uagraphs I nnd 2 or changc thc amount of suchpaymenGs.
<br /> „ 11. Borrower Not �tcleused; Forbeurance Ily Lender Not n Waiver. Extensian of the time for payment or
<br /> ' modification of amortization of the sums secured Ly this Security InstrumcRt granted by Ixnder to any successcrir. interest
<br /> � of Barrowcr sh�ll not operatc to releasc the liability of thc original Aorrower or Borrower's succcssors in intemst. Lender
<br /> � " ' shull not be required to commence proceedings against any successor in interest or refuse to extend time tor payment or —
<br /> ' , otherwise modify amortizntion of the sums secured by this Security Instrument by rcason of nny d�mand mudc by the originnl
<br /> " Borrower or Borrowerti successors in intcrest. Any forbearance by Lendee in exercising:my right or remc:dy shall not be u ---
<br /> wniver of ar prcclude the exercise of any right or remedy.
<br /> 12. Successors und Assi�ns Bound;Joint und Several Lisbility;Co-slgners. The covenants and agrcements of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Dorrawer,subject to t�e provisions of
<br /> , pamgraph l7. Bonower's covenants and ugreements shnll be joint and several. Any Borrower who co-signs ttiis Security
<br /> ' Instrument but daes not execute the Note: (u)is casigning this Security Instrument only to mortgage,grant nnd convey that
<br /> Borrower's intercst in the Propeny under thc tcrms of this Security Instrument; (b)is not penonally oblisuted lo pay ffD�e sums
<br /> -- .. . . — iuili�u�Sy i�tl;.°iCCiiil2r SititiiIili�itt.w��=�i�b1't�S i�i�t Lcr�cr ur.d:,ry ai„cr EvITvii�Cr i1i�1j%ugli.�iv%ntCBC�.wL�ii�%�Ivl�icpl -
<br /> „ -. or make uny necommodntions with regard to the terms of this Security Instrument or the Note without�hat Bc��vo�ver's �—
<br /> conscnt. __
<br /> 13. Loan Chnrges. If the loan secured by chis Security Instrument is subject to a law which sets m�ximum loun
<br /> ° charges,und that law is finally interpreted so that the intcrest or othcr loan chargcs collectcd or to be cotlected i n cornection
<br /> ' , with the loan exceed the pertnitted limits,then: ,a)any such lo.�n charge shall lx: reduced by the amount neceuary to recluee -
<br /> die churge to the pertnitted limit:anJ(b)any sums already collected from Bortower which exceeded permitted[imits will be -
<br /> � refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Noteor by onnking a =
<br /> , direct payment to Borrower. If a rcfund reduces principal,the reduction wiU be treated as a partial prepayrnent without any 6�
<br /> prcpayment charge under the Note. [�;.:
<br /> 14. Nottc.es. Any notice to Borrowcr providcd for in thi� Security Instrument shall be givcn by delive ring it or by ;;;,
<br /> • mailing it by firsc class mail unless upplicable law reyuires use of auother mcthod.The notice shall bc directed lo the Property :r
<br /> Address or any other uddress BoROwer designutes by notice to Lender. Any notice to Lender shall be given by 6nt class
<br /> mail to Lender's address stated herein or any other address Lender designates by notice to Borcower. Any notice provided for
<br /> in this Sewriry Instrument shall bc decmed to have bcen given to BoROwer or Lendcr when given as provided in this -'�'
<br />, parngraph.
<br /> 15. Governing La�v; 5evernbility. This Security Instrument shall bc govcmcd by federal law and Ihe law of thc ^r`"
<br /> jurisdiction in which the Property is locnted. In the evcnt that any provision or cl:tuse of this Security Instrumen=or the Note -
<br /> conflicts with npplicable law,such conflict shall nat affect other provisions of this Security Instrument or the Noie which can =
<br /> „ be given effect without the conflicting provision. To this end thc provisions of this Security Instrument :snd �he Note are
<br /> declared to be severable.
<br /> 16. Dorrotver's Capy. Botrower shall be given one contormed copy of the Note and of this Security Instna rncnt.
<br /> • 17. 'Iti•onsfer of the Property or u Bene�cial Interest in Borro�ver. If all or;my part of the Propeny or nny intcrest in
<br /> it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred :�nd Borrowe�is not a n:►lural penon) ••
<br /> without Lender's•prior written consent,Lender may,:it its option, reyuire immediute payment in full of all sums secured by
<br /> this Security Instrumcnt. Howcvcr,this uption shall not bc cxerci,ed by Lcndcr if excrrisc is prohibitcd hy fede ral law as of �
<br /> the date of this Security Instrument.
<br /> If Lender exercises this option,Lender shall give Borrower notice of arceleration. The notice xhall providc a ptiriod of I •.
<br />. not Iess than 30 dnys from thc date thc notice is dclivcred or mailed within which Borrower must p:�y all sumsse�ured by tliis
<br /> , Security instrument. If Bonower fuils to pay th�se sums prior to Ihc expirntion of this period,Lender may ��voke 1ny I
<br /> ! ' remedies permitted by this Sccurity Instrumcnt without furthcr noticc or demanJ on Borrowcr. I
<br /> • IS. Borrower'.s Right to Reinstute. if Borrower meets certain conditions, Borrower +hall have thc right to huvc
<br /> � enforcement of this Sccuriry Instrument di_continucd at any time prior to�he earlicr of: (a)5 days(or such utt-�cr period �s
<br /> , tiingle Family••Fanntc 111nc/HYcddlc Stuc UNIf�ORM INSTRUNENT•-Umto�.�('uvcmn�. 9/90 iryr,qt�oj np���ee� I
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