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<br /> �,� RE RECORDEU��TL�=. 1����.'7 ��q'��1�i��9 :
<br /> cnndemnation or other ta!<ing of any part of the!'roperty,or for ronveynncc in lieu nf condeinnation, c!rc her�by ati�igned nnd
<br /> " shull t►e paid to Lendcr.
<br /> In tfie event of a tot�il taking of the Property, the proceeds shall bc applied ro the sums sccur�d by this Security .
<br /> ,• Instrument, whethcr or not thcn duc, with c►ny cxccss paid to Borr�wcr. In thc event of u partial taking of tlie Property in
<br />� , which the fair market value of thc Property immcdiately before the taking is equul to or greater than thc amount of the sums
<br /> ,� sccured by this Sccuriry Instrumcnt immediately before thc taking,unless Borrawer nnd Lcnder otherwisc ugree in writing, ^
<br /> " � the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following
<br /> � fraction: (:►)the total amount of thc sums secured immediately before the taking,divided by (b)the fair market value of the
<br /> Propeny immediately before the taking. Any balance shnll be paid ta Borrower. In tha event of a partial talcing of the
<br /> Pro crt �n which the fair market value of the Pro ert immcdiatcl before the takin is less than the amount of the sums ��°�
<br /> P Y � P Y Y b` � ,::�r_
<br /> secut�ed immediately before the taking, unless Borrower and Lender othe��vise agree in writing or unless applicable law
<br /> othenvise provides,the proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are �•�'i`;`:'
<br /> thcn due. ; `''
<br /> �� If the Pro ert �s ubandoned b Borrowcr,or if,after notice b Lender to Borrower that �he condemnor offers to muke ''f°'
<br /> P Y � Y Y ��',
<br /> an award or settle a clnim far dama�e�,Borrower fails to respond to Lender within 30 days after the dute the notice is given, F-_�;-_:�
<br /> • �� ' Lender is authorized to collect und upply the proceeds,at i�.s option,cither to restoration or repair of th�Property or to the s�r=
<br /> - sums secured by this Security Instrument,whether or not then due. d��'_
<br /> ' Unless Lender and Bon•ower otherwise agree in writing,any application of proceeds t�principal shall not extend or v�
<br /> postponc thc due date of thc monthly payments rPfcrred to in purugrnphs I and 2 or change the amount of such paymcnts. �.:::�"
<br /> � 11. Borrower Not Released; Forbeurance By Lender Not a Walver. Extension of the timc for puyment or ---
<br /> modification of amortixation of the sums secured 6y this Security Instivment grunted by Lender to any successor in interest --
<br /> of Dorrower shall not operate to releasc the liability of thr, oribinul Rorrower or Borrowcr ti succestiors in interest. Lendcr
<br /> ' shall not be rcyuircd io c:ommence pmceedings xgninst uny �uccessor in intereti► ar reQ'use to extend time for puymeut or ---
<br /> - othcnvisc modify iimoni•r.tuion of thc sum�secured by this Security Instrument by rc�ison nf uny dr.maad mndc by thc original �
<br /> [3orcower or f3orrowcr, succc,sors in intcrcst. Any forbciir,�ncc By L.�andcr in cxcrcitiin�;miy right ur remedy slu�ll not be u -
<br /> wuivcr of ur prccludc thz cxcrcisc of any right or rcmedy. -
<br /> ' 12. tiuc�essorH nnd AsslFns Bound;,lulnt und Sevcrnl I.iublllty;Cu•sl�;ncrs. Thc coveniints nnd iigrcements of this _-
<br /> � Securitv Instrument shall bind and benefit the succetisors:md nssi�;nti of l.ender nnd E3orroH�er,subject to the provitiions of
<br /> ' paragraph 17. Borrowcr'ti covcnantti and abrecmcnts shull bc joint und sevcral. Any Bortowcr who co-signs this Sccurity
<br /> Instrwnent but does na execute the Note: (a)is co-tiigning this Security Instrument only to inortgagc,grant und convey that
<br /> , Borcower+intcrest in thc Property undcr the termx of this Sccuriry Instrument; (b)iti not personully obligated to pay the sums
<br /> � secured by this Security lnstrument;and (c)ugrees that Lender and any other Borrawer may agrce to extend,madify,forbear
<br /> or muke any uccommodacions with re�ard ro the terms of this Securiry Instrument or the Note without thnt Borrower:s =_
<br /> consent. �
<br /> . � 13. Loan Chxrges. If the loan secured by this 5ecurity lnstrument is subject to a law �vhich sets maximum loan �--
<br /> chnrges,und thnt law is finally interpmted so that the interest or other loan charges collected or to be collected in connection � t.,
<br /> with the lonn exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce �
<br /> the charge to the pertnitted limit;and(b)�ny sums already collecte.d from Borrower which exceeded permitted limits will be �=.'
<br /> . refunded to Borrower. Lender may choose to make this refund by►•educing the principal owed under the Note or by making a
<br /> direct payment to Bortower. If n refund reduces principal,the reduction will be treated as a partial pmpayment without any
<br /> • " „ prepayment charge under the Notc.
<br /> •• . 14. Notices. Any notice to Bortower provided for in this Security Instrument shall be given by delivering it or by �
<br /> mailing it by first class mail unless applicable law rcquires use of another method.The notice shall be directed to the Property -.
<br /> ' Address or any other addmss Borrower designates by notice to Lender. Any notice to Lender shall be given by first class
<br /> mail to Lcndert nddress stated herein or any other nddress Lender designates by notice to Borrower. Any notice provided for �
<br /> in this Securiry Instrument shall be dcemcd to have bcen given to Borrower or Lender when given as provided in this
<br /> paragraph.
<br /> - . 15. Governing Law; Severabil(ty. This Security Instrument shall be �ovemcd by fedcral law and thc 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
<br /> = conflicts with applicable law,such conflict shall not affect othcr provisions of this Security Instrument or the Note which c:�n
<br /> be given effect without thc ronflicting provision. To this end the provision, of this Security Instrument und the Note are
<br /> declazed to be severable.
<br />- 16. Borrower's Copy. Boaower shall be given one conformcd copy of thc Note and of t his Security Instrumcnt.
<br /> 17. 'I�Ansfer of the Property or i�[3eneficial Interest in Bor�o�ver. If all or any pan of thc Property or any intcrest in
<br /> it is sold ar transfcrred(or if a bcncficial intcrest in Borrower is sold or transfcrred:md Borrowcr is not a natural person) �
<br /> „ • without Lcnder�s prior written consent.Lender may,at its option,rcyuirc immediate paymcnt in full of all sums ticcurcd by
<br /> . this Security Instrument. However, this option shall not he excrcizcd by Lender if excrcisc is prohibited by fedcral law as of �
<br /> � the date of this Security Instrument.
<br /> If Lender exercises this option,Lender shall give Borrower notice of acceleration. The notice shall provide u period of
<br /> �� � nut less than 30 days from the date che notice is delivcred or mailed within which Bonower must pay all sums secured by this I.
<br /> Security Instnunent. If Borcower fails to pay thete sums prior to the cxpirution of thiti period,Lcnder may invoke any
<br /> rcmedies permitted by this Security instrument without further notice or demand on Borcower. I
<br /> , 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrow�r shall have the right to hn�e f
<br /> ' •� enforcemenc of this Securiry Instrwnent discontinued a[any time prior to the eurlier of: (x) 5 days(or such oth��period as �
<br /> Singlc Family••FLnnfc Mac/FYcddlc Mnc UNIFORM INSTftUMENT••Uniform Covcnants 9/90 (pagc 4 nf 6 pngccl j
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