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<br /> . cundcn►��utiuii or��ihcr�itktn�,oi nny purt ui'tlic Propcny,or f��r couvcyuncc in licu ol'cundcmnutiun,+u�c hcrcby assigncd ond -
<br /> ,hc�ll lir paid lu L�ndcr, • ., ,
<br /> In Ihc evcnt nf n tntul takin� uf Ih� I'roperty, ihc prucccds tihnll bc upplfctl to ihc yums ticcurcd by Ihis Sccurity ,
<br /> .. Instrumm�6 wlicthcr or not thcn duc, wiil� nny cxccss puid to Burrowcr. In the cvcnt of u partial tiiking of thc Prapcny in • „i,_
<br /> which thc fair nu�rkct viduc t►f dtc Pri�perty imnudintcly LKforc thc tuking is cqual to ar broutcr thim thc�imaunt of tf►c sums �
<br /> . scrurcd by thiti Sccurity (nstrumeul inwmainWly b�foro thc taking, u�d�,� 13urru+vcr and l.cndcr othcnvisc agrcc in writing• °�� ... �="`_
<br /> ihe sums securcd by this Security Instrument shall be reduced by the amount of thc proc:eeds multiplicd by the following ;:,.y,:s��,+;��.�,
<br /> • fraction: (n) �hc total amount of thc sums sccured immediutely b�forc thc tuking,dividcd by(b)the fair m.uket value of thc „ _ _
<br /> Property immcdiutely before the tuking. Any balancc shull bc puid to [ior,uwcr. In thc cvent of n partial taking of tttc , , .�;�,`
<br /> „ Property in which thc fair murkct valuc of the Property immediutcly bcfore thc tuking is Icss than thc amount of the sums -
<br /> securcd immcdiately before the taking, unless [�orrowcr und LenJcr othcnvise i�grec in writing ar unless applicuble law „ „"�
<br /> otherwise provider:,the proceeds shull be applicd to the sums secured by this Securiry Instrument whether or not the sum�are . . . d^-
<br /> .. �..
<br /> .. then due. °,:c:->'.:a�,.�`„
<br /> [f the Properry is abandoned by Bottowcr,or if,aftcr noticc by Lendcr co Burrowcr th�t the condcmnor offen to make „ .,;y�,�,°�;,�.^:+�;
<br /> nn awacd or scttle a claim for damuges,Bonowcr fails to respond to Lcndcr within 30 days aftPr[he dute the noticc is given, . .. , �g,, ,'—
<br /> � Lcnder is authorized ro collect und apply the procceds, at its option,cicher to restoration or rcpair of thc Propeny or ro the :
<br /> sums sccun�d by this Securiry Instrumcnt,whether or not then due. ,�.j'��il,�<=�—
<br /> Unless Lender and Borrower o�herwise agRe in writing. :my application af procceds to principal shall noY extend or �.;^r�t���;.
<br /> postpone the due date of the monthly puyments referred ro in paragraphs 1 und 2 or change the umount of such pnyments. . ►��`
<br /> '_,R-'�'.�.---
<br /> 11. Rnrrower Not Released; Forbeurance 8y Lender Not a Wniver. Extension of the time for payment or . ,::.,x'.�"'—____
<br /> moJificution of amonization of the sums tiecured by this Security Instrument granted by Lender to any successor in interest , :!�:�:•�'_-" —
<br /> of Borrower shall not o erate to release the liabilit of the ori inu! Borrower or Borrower's successors in interesL Lender • --"°--`�
<br /> P y. s .,.+*;���;
<br /> shall not bc rcyuircd ro commence procceJings agumst uny succ�ssor in intcrest or refuse to extcnd time for payment or :".�.,,J��;,~s.
<br /> otherwise modif amorti7ation of the sums secured b [his Sccurit Instrumcnt b reason of an demand made b the ori inal , ��'-�� r�-�
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<br /> Borrower or Barrowcr s successors in interest. Any forbearanrc by Lcnder in excrcisin�any right or remedy shall not be a '�i�. s' �i'.._::—
<br /> waiver of or preclude the exercisc of uny right or rcmedy. .. ,^�' ���'�v
<br /> 12. Succcssors and Assigns Bound;,►oint nnd Several Liability;Co-signers. Tiie co•renants and agrecments of this f� , " �.:��..,:�-°
<br /> Security Instrument shall bind and benefit the successars and assigns of Lcnder and Borrower,subject to the provisions of � �� ,`� �':
<br /> paragraph 17. Bonower'ti covenunts und ugrcemcnts shall be joint and sevcral. Any Borrower who co-signs this Security 'r� �
<br /> Instrument but does not execute the Note: (a)is co-signing this Security(nstrument only io mortgage,grant and convey that � �,• ��'!'
<br /> Borrower's in[erest in the Property under the rerms of this Security Instrumenr, (b)is not personally obligated to pay thc sums 2 •���
<br /> secured by this Security Instrument;and(c)agrecs thut Lender and any other Aorrower may agree to extend,modify,forbear , , ,,� . .,
<br /> .-_------•-------. ..,.. .......... ...:.ti .,.,,�t �,. rh.. ...,�.,,< n th' Co�nrirv Invtnimrnt nr rhr Nntr with�ut thnt Rorrc�werc 1 e
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<br /> 13. I,oan Char�es. If the loan secured by this Security lnswment is subject to a law which sets maximum loan ' ;,;
<br /> charges,and that law is finully inte�preted so thae the interest or other loan charges colleceed or to be coUected in connection � , `
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<br /> with the loan exceed the permitted limits,then: (a)any such loan chnrgr shal!be reduced by the amount necessary to reduce r. 1*
<br /> � the churge to the pertnitted limit:and(b)any sums already coUected from Borrower which exeeeded permitted limits will 6e � x �
<br /> refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making u °
<br /> direct puymcnt to Borrower. If a refund reduces principal,the reduction will be trr.ateJ as a partial prepayment without uny
<br /> prep:ryment charge under the Note. ��"f�� '
<br /> � 14. Notices. Any notice ta Bottower provided for in this Sccurity Instrumcnt chall he givrn by delivcring it or by '•
<br /> � mailing it by �rst class mnil unless applicablc law requires use of another method.The notice shull be directed ro the Property ' F
<br /> Address or any other address Bottowcr dcsignatcs by notire t<� Lendcr. Any noticc to Lendcr shall be givcn by first class . �.r,.:
<br /> mail to Lender's address stuted herein or,iny other add�rsx Lender designatex by noticc to Borrower. Any notice providcd for -�' •"',�
<br /> ' in this Security Instrument shall bc deemed to huvc bcen �.ivcn to Borrowcr or Lendcr when given as provided in this •, �;�;� �
<br /> ' paragraph. , , .
<br /> 15. Coverning Law; Severabillty. This Security Instrument shall be �;ovcmed by fcderal law and the law of thc
<br /> � jurisdiction in which the Propeny is locatcd. In thc cvcnt that any proviswn or clause of thix Security Instrument or the Note � `
<br /> „ conflicts with applicable law,such conflict shall not affect other provisions of this Security Instntment�r the Note whirh run I '��
<br /> be given effect without the conflicting pmvision. To this end the provisions of thix Security [nstrument and thc Note an i ,,
<br /> decl:ved to be severable. ;�
<br /> . 16. Borrmver's Copy. Borrower shall be given one conTortned copy of thc Notc:md of this Security Instrument. � �
<br /> . �� 17. 7hansfer of the Property or a Benet5ciul Interest in Burrower. If aU or any part of thc Property or any intcrest in � �`' ��
<br /> , �� � it is sold or transferred (or if a benefirial intcrest in Borrowcr is sold or transfcrred and Borrrnvcr is not a natural penon) •
<br /> without Lcnder's• prior written consent,Lender may,at its option,rcyuirc immcdiate payment in full of all sumx secwed by
<br /> this Securiry Instrument. However,this option shall not be exercised by Lender if excrcise is prohibitcd by f'ederal I.iw ati of
<br /> the date of th is Security Instrument.
<br /> If Lendcr exercises this option,Lender shall give Borrowcr notice of acccleration. The noticc shall provide a period of
<br /> not less than 30 days from thc date the notice is dclivemd or mailed within which Bormwcr rnu,t p;ry.ill sumti scrured by this ,
<br /> . „ Securiry instrument. [f Borrower fails to pay these sums prior to the expiration of this period, Lender may imoke any
<br /> • rcmedies perniitted by this Security Instrument without funher notice or dcmand on Bormwer.
<br /> 18. Borrower's Righ4 to Reinstnte. If Bnrrower meets cectain conditions, Borrower shall have the right to have
<br /> cnforcement of thos Security Instrument discontinued at any time prior to the earlicr of: (u)5 days (or such other periai ati
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<br /> Singlc Family--I�annlc Muc/Ftcdd[c Mnc UNIFORM INtiT}tUMF.NT-•lJm(orni Covcnants 9/S0 q�og�J oI��P��x�•��i
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