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<br /> ccmdentnaliun ur oAtcr�nking of any p,u•[of�hc F�•opcny,or tor conveynncc in licu af c�ndemnaiion,uro hereby assigned n�u! .
<br /> : , � shall bc pald to l..cndcr, `���-"''""�
<br /> ( R.hcyw.
<br />_ � • , In the event of n to!al taking of the Property, the proceeds slinll Ue upplied tn the sums secured by this 5ecurity ���M �
<br /> _. Instrumcnt, whcthcr or not d�cn due, with nny cxccss paid to Horrowcr. In thc evcnt of a partial taking of thc f'roperty in ��-�•
<br /> . , , � wl�ich thc fair market vnluc�f thc Property immedintely befom thc tuking iti cyual to or grcatcr than thc amount of tlie sums i'--;•,; _.,-
<br />� sccured hy this Sccurity Instrumcnt immediatcly beforc thc taking,unlcss Borrowcr imd Lcndcr othcnvisc ng��ee in writin�, -%�`'i��r�
<br /> � thc sums secured by this Security Instrumcnt shall bc rcduccd by thc umount of the procceds multiplied by the followin� '}�=-"-"!''�
<br /> ;�- _�--�—
<br /> � fraction: (a)dic totnl amount af thc sums securcd immcdiately before the taking,divided by(b)the fair mazket value of th� "��`.';�w
<br /> ,. Property imrncdintcly bcfore the tnking. Any baluncc shall bc paid to Borrower. In thc cvcnt of n paniul �aking of the '. "�;`FH�_:
<br /> •• Pro �rt m whicl�thc fair murket valuc of thc Pro ut immediatcl bcforc the takin is Icss than thc amount of the sums '';;�f:��-
<br /> P' Y � P' Y � Y S �
<br /> � sccured immcdiutcly hcforc the tuking, unlcss Aorrower nnd Lcndcr othenvise agree in writing or unless �pplicable law '��';""
<br /> atherwise provides,the proceedti shall be applied to the sums secured by this Securiry Instrument whether or not the sums nre �u—,-
<br /> thcn Jue. �'-�-'--
<br /> „ ��.,_�:_-_
<br /> If the Propeny is aba��doned by Dorrower,ur if,after notice by Lender to Borrower thnt die condemnor offers to malce Q�.,��----
<br /> . an award or settle a claim for damnges,Borrower fails to rrnspond to Lender within 30 days at'ter the date the notic�is given, ��
<br /> Lcnder is authori�xcl to collect and upply thc praceeds,at its option, either tu resrorution ar repair of the Propeny or ta the -°�-=°--
<br /> sums secured by this Security Instrumen4 whether or not then due. •-•r�—
<br /> - Unless Lendcr and Boacnacr othenvise ugree in tivriting,any application of proceeds to principal shall not extend or �.:-:__--
<br /> ° postpone the due datc af the monthly payments referred to in para�raphs I and 2 or changc the amount of sucl►payments. �;�
<br /> 11. Borro�rer Not Released; forbeurnnce By Lender Not a Wuiver. Extension of thc time for paymcnt or ------
<br /> modification of amortiu�tion of the sumti secured by this Security Intitrument gruntr.d by Lender to uny successor in interest —
<br /> of Borrower shall not operate to release the liubiliry of the original Borrower or Bonower's successor:s in interest.Lender �- �
<br /> +haU not be required to commence proceedings againtit any successor in intcrest or rcfuse to extend time for payment or "
<br /> „ otherwise modify amoni-r.ation of thc sums sccurcd by tf,is Sccurity Instrumcnt by rcason of.u►y demand madc by the origina! �:`'="��
<br /> BoROwer or Borro�ver's successon in interest. Any forbearance by Lender in exercising uny right or remedy shall not be a --
<br /> • waivcr of or preclude the exercise of any right or remedy. �•` -
<br /> 12. Successors and Assifins Round;Joint and Several Liability;Co-si�ners. The covenunts and agreements of this
<br /> . Security Instrument shall bind and benetit the successon and assigr�ti of LenJer and Borrawer,subjeet to dte pruvisions of �-4�1—
<br /> �ru ra h 17.Barrower'.s covenants and a rcements shall be o�nt and sevcraL An Borrower who co-si nS this Sccurit �
<br /> P� S P S J � Y S - Y '�
<br /> Instrument but does not execute the Note: (u)is co-signing this Securiry Instrument only to mortgnge_grant and convey thut ��
<br /> -------"-- `"` Borruwrri inirrc:.i in�ne Fropeny unuer tne[crms ot tms accunty ms�rumcnr, ld1 is not personauy oougatea to pay tne sums `�� ��--•
<br /> secured by this Sccurity Instrument;and(c)agrees that Lender:md;u�y other Borrowcr may agree to cxtend,modify,forbear �-
<br /> or make any accommodations with regard to the terms of this Seeurity Instrument or the Note without that Borrower's =
<br /> consent. _--
<br /> ' 13. Loun Cl�urges. If the loan secured by this Security Instrwnent i� .;ubject to a law which sets maximum loan '�;
<br /> charges,and th�t law is finally interpreted so that the interest or other loan charges collected or to be collected in connection
<br /> . with thc loan cxcccd thc pettnitted limits,then: (a)any such loan churge shall be reduced by the amount necessary to reduce �`-�
<br /> the charge to the pe:rmiucd limir,und(b)any sums alrcady collected t rom Borrower which exceeded permitted limits will be E��..
<br /> , refunded to Burrower. Lcnder may choosc to make this rcfund by reducing thc principal owed undcr the Note or by rnakin�u �—
<br /> dircet payment to Bonower. If a refund reduces principal,the reduction will be treated as a partial prepayment without any ���
<br /> prepayment char�c undcr thc Notc. �. ,�;4.,�:
<br /> 14. Notices. An notice to Borrower rovided for in this Sccurit Instrument shall be ° ;•=='
<br /> y p y givcn by delivenng it or by �r:���
<br /> . mailing it by first class mui I unless applicable la�v rcyuires use o(unother method.The notice shall be directed to the Property ,
<br /> . Address or any other uddress Borrower designates by noticc to Lender. Any notice to Lender shall 6e given by first cluss � ,''-�'C
<br />- �` mnil to Lender's address stated herein or any other uddress Lender desi gnates by notice to Borrower. Any notice provided tor �,r �.i.-
<br /> in this Securiry Instrument shall be dtemed to have bcen �;iven to Borrower or Lender when given as provided in this ' �
<br /> paragraph. ?�
<br /> 1S. Govei ning Lntiv; Severnbiltty. 'fhis 5ecurity Instrument shall be govcrncd by f'cderal law and the law of the .
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Sccurity lnstrument or the Note
<br /> confliets�vith applicable law.such conflic[shull not affect other provitiionti of this Security Instrument or the f�Tote which can �
<br /> • be given effect wi�hout the conflicting provision. To this end thc provisions of thi� Security Inxtrument and the Note are �
<br /> „ declared to be severable.
<br />_ 16. Borrower's Copy. Bottower shall be given one confortned copy of thc Note;md of this Security Instrument. ,�
<br /> 17. 'IYansf�r of the Property or u fieneficial Interest in iiorrower. If all ur sny part of the Property or:uiy intcresl in
<br /> ' it is sold or iransfcrred(or if a bencficial intcrest in Borrowcr is suld or transfcrmd and Borrower is not a nawral person)
<br /> � �� wi[hout Lender's prior wrieten conxent,Lendcr may,at itx option, rcquire immediate payment in full uf aU sums scrured by
<br /> this Security Instrumeni. However,this optian shall not be exercised by Lcndcr if exercise is prohibitcd by federal law as of
<br /> thc datc of this Sccurity Instrument.
<br /> If Lender exercises this option,Lender shall give Borrowcr notice of acceleration. The notice shall pravide a period of
<br /> not Icss than 30 days from thc datc thc noticc is dclivcred or mailcd wi thin which Borcowcr must pay all sums sccurcd by ihis
<br /> Security Instrument. If BoROwer fails to pay these tiums prior to the expiration of this period, Lcnder muy invoke any
<br /> remedics permitted by this Sccurity Instrument withuut further noticc or dcmand on Borrower. i
<br /> ' , � 18. Borrower's R(ght to ReinsGite. If Borrower meet+�ert.iin conditivns, Bon•ower shall havc the right to have
<br /> ,, enforcement of this 5ecurity Instrument discontinued at any time prior ro the earlier of: (a) S days (or such other period as !
<br /> Sm�lc Family-•@'unnle 1�1ae/Frcddic M1L�c UNIN ONM INtiTRUMISNT--Undomi C'uvcn:m�. 9/90 q,uxr�!.,Jn pa.¢P,�
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