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<br /> °drt.,,.." , �:„ condcmnatiun�r othcr tuking c�f uny pmT of tl�c Nrc�perty,or for convcyuncc in licu��f cundcmnu[imi,��rc hcrcby nssi��ncd nnd �".-`
<br />`-' shallbcpaedlo Lcndcr. _
<br /> - � In ihi �vc�u uf a tut.d talting of thc 1'roperty, thc procccdti shall h� nr�licd t� thc tiunts scrurcd liy Ihir tiE�urity - -
<br />_ �• , In+trumcnt. whcthcr or not then duc, with any exccss puid ta Borrowcr. In ihc cve�nt of u panial taking oP thc Pro�xrty in
<br /> • ,. � wliich the fair market vuluc of the Pruperry immediutcly 6efore thc tuking is cqu�►I to or greatcr than thc amount oF the sums
<br />_ _ �� sccured by Qiis Sccurity instrumcnt immcdiutcly bcforc thc t.�king,unlcss Ciurrowcr nnd Lcndcr otl�crwisc ugra. in writing, ---
<br /> � thc tiurns sccurcd by this Sccurity Instn�mcnt shiill 6c reduced by thc wnaunt of thc procccds m�dtipl icd by thc follawing
<br /> ° fraction: (a)�I�c total amount c�f thc sums xecured immediatcly ticfore thc tuking,dividcd by(b)thc fair nuirkct vuluc��f the
<br /> Property irnmcdiatcly hefore thc taking. Any balnncc shull be paid to Borrower. In the evcnt of a pulial taking af thc
<br /> ' Properiy in wl�icli l{m fair murket vulue of th� Propci�ty immcdiatcly bafore the taking is Icss th:ui Ihc mm�tntt of the sums �
<br /> .. sccured iinmediutcly beforc thc taking, unless Borrowcr and LcnJcr othcrwise: agrce in writing or unlcss applicnblc li�w
<br /> otherwise pro�•ides,the procecds shnll be applied ro the sums secured by this Security Instrument ivhether ar not the sums iirc
<br /> '" thcn due.
<br /> � � If ihe Property is abandoned by Borowcr,or if,after notice by Lender to Borrower that the condemncr offers to make
<br /> r � , Atl 1WAI(I oi sC[tIC a claim for dumagr,s,Barrower fuils[o respond to Lendcr within 30 days aftr,r the date[he noticc is givcn,
<br /> - , Lender is amharized to collect and apply the proceeds,at its option,either to restoration or repair of tP�e Ptoperty ur to�hc
<br /> . sums sccured by this Security Instrument,�vhether or n�t then duc.
<br /> ' Unle�s Lender und Burcower nthcnvise agree in writing, any a�pplication of procceds[o princip.;l shall not cxtc:nJ ur ---
<br /> �# ,��:.;•' • potitpone the duc date of thc monthly payments rcfened to in puragruphs I and 2 or change the amount of such paymcnts.
<br /> �`',' �•' 11, Rorr��ver Not Released; FoPbearance Bv Lender Not u 1Vaiver. Extension of thc timc for payment or _
<br /> modificaiion of amortir.ation of the,ums secured by this Security Ins�rument gr.mted by Lender to any successor in interest �+'
<br /> � of Bonower shall not operatc to rcle+uc thc liability of thc original Borrower or Horrowcr� succcsson in intcrest.Lende�
<br /> • shall nm be n�yuircd to commenrc proccedin�;s a}:ainst any succcssor in interest or refusc to extend time for p.eyment or ---
<br /> ' „ otherwise rnodify amortization of the sums secured by this Security Instrument by reason of any demand made by thc original
<br /> , Borrower oe Bortower's successon in interest. Any forbrarance by Lendcr in cxerci�ing any right or remedy shall not be a ___.
<br /> waiverof orpreclude the excrcise of any right or remedy. --
<br /> , 12 Successors an�Assigns Bound;Joint s►nd Several Liubillty:Crnsigaers. Thc covenants aa►d agreement�of this v.�
<br /> . Security Instrument shall bind und benefit the successon anJ astiigns of Lcnder and Borrower, ,ubjeet to the provisions of �'
<br /> paragrapl� 17. Borrower's covenants and agmements shall bc joint and �evcral. Any Borro�ver who co•signs this Security =
<br /> -;, - - � - : - If;grnSlnrnt hnt �inre nnr rxr��,rtr thr Nrn�• (:i1 i.co-sienine thiti Securitv lnswmcnt onlv to murt�ea�e,kr�nt and convey that ��=_
<br /> ' gorroa�cr'ti int�nnst in thc Property under the tenns of this Security In,trument; (b)is not personally obligated to pay the sumti —
<br /> secured by this Sccurity Inst�umcnt:and(c)agrccs that LenJer.+nd any other Borrower may ugree to uxtcnd,modify,forbear =_—
<br /> or makc.iny uccommodations with regard ro the tennx of this Security Instrument or the Note �vithout that Borrowcr's _
<br /> � , . consent.
<br /> �' . 13, i.aan Charges. [f the I��an secured by this 5ecuriq� Instn►ment is subjert to a law which sets m.iximum lo:►n
<br /> ,.. chm�ges,and that law is finally interpreted so that the intemst nr other Ioan cha��gcs collrete<I or to be collected in connection
<br /> � wilh the loan r.xcecd the permitted limiis,then: (a)any surh loan char�e shall be reduced hy the amount necessary to reduce '� ^
<br /> the eharge ro the pertnitted limit:and(b)any sums alrcady collected from Borrower which excecded�nniued limits will ne •i��-
<br /> refunded to Borrowec Lcndcr may choosc to makc this rcfund by reducing thc principal owcd undcr thc Note or by making a .
<br /> -� dircct payment to Bortower. If a rcfund reduceti prinripal,thc rcduction will he trcated as n partial prepayment withaut any -
<br /> .. , prcpaymcnt churge under thc Nutc.
<br /> l4. �lotiees. Any notice to Borrower providecl for in this Security Intitrument shall be given hy delivering it or by
<br /> ' maiting it by first cl:�ss m.iil unle�s applicablc law reyuires use of anothrr method.Thc notice shall bc di rcctcd to the Property
<br /> Address�r any other address aorrowcr dcsignutes by noticc to Lcndee Any noticc to l.endcr,hall bc given by first class
<br /> mail to Lender's addresti statcd hcrcin or any other address Lendcr de.ignale�hy notice to Horrower. Any notiwe pmvided for
<br /> in this Security Instrument shall he dcemcd to have hern �:iven to Borcowcr or Lrndcr whcn given as providrd in this
<br /> paMgraph.
<br /> ' 15. Covernin� I.uw; Severability. This Sccuriry Intitn�ment zh.dl be �ovemcJ by fedcr.d law and thc I.�w of th�
<br /> jurisdinion in which thc Property is lucatcd. In thc cvcnt that any provisinn ar rlausc of this Sccurity I n�trumcnt or thc Ncuc
<br /> �� . contlicis with applicable la�v.,uch conflict tihall not affcct othcr provitiion�o(thi}Sccurity Instrumrnt:�r thc Notc which can
<br /> ' be given effect without the conflicting proviciun. To thi�end thr provi+ion� uf thi> Security Intitrument and the Note am
<br /> � dcclarcd to bc scvcrablc.
<br /> 16. Norro�rer's Cupy. Bot7ower�hall hc given unc ronfomird copy�,f the Notc.tnd of thiti Serurily Intitrumcnt.
<br /> _i 17. 'I�nnsfer uF the Property or a Beneficial interest in 13orrower. f f:+I I or any pan of thr Nroperty��r any intcrrst in
<br /> _ it is sold or transfcrred (or if a beneficial inten�t in Burrc�a•rr i� suld ur tran.terred and Hurrower i� nut a natural personl
<br /> ' ". without L�ndcr's prior written consrnt. LcnJcr may, at its uption,rcyuire imm�diatc payntcn[ in(ull��f all sums scrurcd hy
<br /> iliis Securiry Instrument. Ho�vever,this option,hal! nut lk rxerci�rd by Lendrr if�xrrcise i.prohinitcd hy�Fcderal Liw a�uf
<br /> thedatco!'this Scruriry Instn�mrnt.
<br /> If L�.ndcr cxcrciscs this option.L.cnJcr�hall givc Burro�vcr n��tirr uf u�rcicration. Thc nuticc�hull providr a�xriod uf I
<br /> . not Ic�+�h:m 30 Jayr from the datc thc noticc ix delivcrcd or mailcJ within which Borro�vcr mu,t pay al 1 wm,.crurcd t�y thi,
<br /> • • Security Ynstrument. If Borrower fails to pay ihc�c +ums priur to the e�pir.uion uf lhiti prriuJ. Lrnder may invukr ;my �
<br /> �• rcmcdies pem�ittcd by thi<Security Instrvmcnt withuut Cunhrr nunrc ur demand un Eiorrci��cr. i
<br /> 18. Burro�vcr's Ri};ht to Rcinstatc. If Bom���•cr mcrt� ccnain conditiuns, Horro�vcr tihall ha�c thr right t�� havr �
<br /> enforeem�m of thi. �ccuritp �nctmm�nt di.c•nntinned:it anv timr nri�ir tn the rarlirr uf: (al 5 d;n•ti(�►r.urh uthrr prri�xl;i�
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