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<br /> " coudemnatian or othcr�al:ing of any pun of thc Propeny,or fc�r convcyiuuc in licu nf condrtnntuiun.nrc I�creby nytii�ncal nsii .,�.�Y-=•:
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<br />-� � shall bc paid ta Lendcr. —==-
<br /> -"� " ' , . , In thc evcnt of a totnl taking of thc Property. thc procccds shnll bc i►pplicd tu thc sums sccnred f►y �I�iw Sc�:uriiy _,,,,�
<br /> -�;=_b::.��_ s Instrument,whcther ornot thcn duc, with imy cxcess paid to Qm�mwer, In thc�:vcnt of�� p,uli�d U�lein�t of'tiic I'ru��e��ly In �,J�;,�
<br /> —;`��;`�''`"t.''"�'�''�``' which�he fair mu�ket vnluc of thc Property immcdiately before dic tuking i�rNunl to ar grc+Ucr than�hc nm�nuu ut'the su�nv —.--
<br /> - • _ � secured hy this Sccurity Instrwncnt immcdiutcly bcforc thc takin�,�mlcsti l3orr��wrr and I.cndcr oihcrw�+c nl.trca �n r��'iib•�{,
<br />`���;�;?:::• •.���;.' � . II1C SUITIS SCCUICd by (IIIS Sccurity Instrumcnt sh.►II bc rcduccd by thc i�muum u(thc piucc«I+ mu111�►ilod b� tiu f��Na,�vhiL �°�`:
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<br /> -= fmction: (�) the total nmount of the sums securcd immedi.ucly bcfarc Ihe tuking,dividcd hy(b)Ihe I'nir mnr et vnlua uf�I►e
<br /> �;''.. Property immcdiately be:tore the taking. Any balance shull 6e p;�id ro liorro�ver. In thc cvcnt uf n pnrllul U►kln�; uP tl�c --_ _
<br /> =� � '. Property in which the fair market valuc of the Property immediiucly br.forc thc tiAkin�; i� Icss ihan dic nnn�uiU ��f��i� '�0���" ----_
<br /> �-' � secured immedintely beforc thc taking, unless Eiorrowcr und l.cndcr othcrwise agrce in writin�; nr unirss uppliinhlc I:i�v �
<br /> '�, othcrwise provides,the proceeds shall bc applied ro the sums sccun�d by Ihis Sccurity Insu•umcnt whcih�r��r n�H��►c nunn ure
<br /> , � , then duc. .—
<br /> ':t If thc Property is abandoncd by Borrowcr,or if,nftcr noticc by Lendcr to f3orrowcr thin ihc cundcmnur offcrh�o m:skc
<br /> an iiwurd or settic a claim for damagcs,Borro�ver fails to respond to Lender within 30 d�ryti aRer thc dutc thc notice Is Z{Ivcu,
<br /> Lender is authorized ta collect nnd apply thc proceeds,at its optian,citttcr to restorittion or rcpair of�tlic 1'r�►per�Y or 1°�lic
<br /> =�" '� sums secured by this Security Instrument,whether or not then due.
<br /> •�, • • Unless Lender and Borrower otherwise agree in writin�,iu�y upplicntion of procccds to princip�►I hhall nut exlenil ur
<br /> .4 ,, :" , postponc the duc dute of the monthly payments referred to in paragruphs I und 2 or chiuige thc umouut of such puymcntr,
<br /> � I1. Borro�ver Not Reles�sed; �or6earan�e By Lender Not u Wafver. Extcnsion of thc timc f'or paynn=ut ur
<br /> ' • �• modificutiou of amo;-tization of the sums secured by this 5ecurity Instrument granted by Lender to nny�;uccessur m interest
<br /> i of Borrower shall not operatc to releasc thc liabiliry of thc original Borrowcr or Borrowcr's succcssors in intcrest. !_cndc►' _.
<br /> ' � • ' shall not be reyuired to commence proceedings against uny successor in intere�t or refuse to extend time for pnymenc or
<br /> otherwise modify umortization of the sums securcd by this Securiry Instrument hy reiison of any dcmund mndc by thc�►riGinnl
<br /> ��. . • Barrower or Borrowere succesrors in interest. Any forbcarance by Lend�r in exercising uny rigltt or remcdy sl�ull not be u
<br /> - ' waiver of ar preclude the exercise of nny right or remedy.
<br /> , 12. 5uccessor�and Assigns Bound;Joint and Severul Ltability;Cirslgners. Thc covcnunts iind,igrccmcnts a�i thlti
<br /> • '' � � Securiry Instrument shall bind and benefit the successors und atisigns of Lender iuid Borrower,subject to the provisianti of
<br /> paragraph 17. Borrower s covenants and agreements shall be joint tutd several. Any Borrower who co-tiignx this Securlty
<br /> � Instrument but does not execute the Note: (a)ix co-signing this Security lnsn�ument only to nu�rtga�c,grunt iuid co�ivcy thnt
<br /> " � Borrowcr ti interest in the Propeny under thc ccrms of this Securiry Instrumenr, (h)is not personully obligi►tcd tc�pay thc sumb
<br /> � securcd by this Security Instrumenr und(c)agrees that Lender and any othcr Boirowcr m.ry ugrce to�xtcnd,mudify,tiinc�ar
<br /> or make any accommodntions with rcgard to thc tcrms of this Security Instrument or thc Notc witliout �hiu Iiorrowcr's
<br /> contient.
<br /> �� 13. Loan ChArges. If the loan secured by thiti Securiry Instrument i� +ubject to a law which sets maximtnn luan
<br /> " charges,and that law is finully interpreted so thnt the interese or ather loun ch:vgcs collected or ro Ne cullected in connectiun
<br /> with the loan excced the permitted limits,then: (a)uny such lonn charge shull he rcJuccd hy tlie amotmt neccssmy to rcducr _
<br /> the chargc to the permittcd limit;and(b)any sums already coUccted from Borrnwcr which cxc�cdcd perniittcd limits will hc t
<br /> , � refunded to Borrower. Lender may choosc to make this refund by mducing thc principal owed under the Note iir by muking ei
<br /> direct payment to Borrower. If a refund reduces principal,thc reduc[ion wiU be treatcd us a pailial prepiiyment withc�ul .iny
<br /> • '� , preplyment churge under the Note.
<br /> � . 14. Notices. Any noticc to Borrowcr provided for in thiti Securiry Insn•ument shull bc giv�n by dclivcrin�; it or hy �_
<br /> . ,� : •� � , mailins it by first class mail unlcss applicable law rcquires usc of another me[hod.Thc notice shall be dirrcted to the Prn��eny ��.
<br /> • Address or any othernddress Borrower designates by notice to Lender. Any nuticr to Lcnder tihnll be given by firstclusti ��,-
<br /> � mail to Lcnder'.s address statcd hcrein or any othcr address Lender designutcs by notice to Borrowcr. Any nuticc providcd fo�• �� `
<br /> : , in this Sccurity Instmment shall be deemcd to havc bcen givcn to Borrower or Lender whcn given us pruvidcd in this a,�r,
<br /> . pauagruph. `•"..."
<br /> • � ' 15. Governing Law; Severability. This Sccuriry Instrumcnt shall bc gnvcrncd by fcdcral I:nv und thc law of dtc �
<br /> ; ' - jurisdiction in which the Property is located, ln the�vent thut any provision or cl:iusa uf thix Sccuriry Instrumcnt ar�he Notc
<br /> conflicts with applicable law,such conflict shall not al'fec[other provi�ions��f this Sccurity Insu•ument or the Nute which cun _
<br /> be given effect without the conflictin� provision. 'Ib this end the provisions of this Srcurity Instrumcnt und the Nole nre ' �
<br /> � declared to be severable. ;' x
<br /> •= 16. Borro�ver's Capy. Borrower+hall he given one confomted copy of thc Notc and of this Se�urity Insu•ument. _
<br /> .� 1?. 'Iti•ansfer ofthc Yroperty or u I3cneficial Interest iu Borrowe� If ull ur any part of thc Pri�}x�rty or uny intcr�st in
<br /> it is sold or transfernd (or if a bene�cial intennst in Borrowcr i+ �ol.l or transferred and [3urrower is not a nutw�al Exrxon) ,,
<br />-.-� ., ., without Lender's prior written consent, Lcnder m.ry,.n it5 option, require immcdi:ur payment in fu�� uf n�� sums ticrurcd by ;
<br /> this Security Instrurnent. Huwever,this option sliall not he c.rercised by Lender if exercisc iti prohibitcd by fedcral I.+�v as iif
<br />��.. thc date of this Security Instrumcnt.
<br /> e• If Lender exercises this option,Lender shall give Borrower noticc of accelcration. The nutice rhall providc a periud��I
<br /> • not less than 30 dnys from the date the notice is delivcrcd or maile�.1 within which Borrowcr must pay all sums sccurc�l hy Ihiti
<br />� Security Instrumcnt. If Borrowcr fails to p,�y thetic sums prior to thc rxpiration of this period, Lcndcr m��y inv��kc any
<br /> r remedics permitted by this Security Instrument without funhcr noticc ur demand on Burrowcr.
<br /> �{ ' 18. Borruwer's Right to Reinstute. If Borrower mcets ccrtsin condition�, E3urruwer shall havc thc right to havc
<br /> enforeement of thi�Security Instrument discontirmeJ ut ainy time prior to the earlier of: (al S day� tur tiuch utlur prrii�d u�
<br /> . . • tiinglc F.�milY--Fnnnlc�tuc/MYrddle Mnc UNII�QIiM INti'1'RU111?N'1'..Uminmi Cu�cnant, vW0 r�„�1,•�!��)n�,,�yr��
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