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<br /> -� � condem�'natt�'on or Other takin 'of an �rt of the Pto �coRnEde�mn�ate treneb ass� ed anA �
<br />= g Y P� P�Y•oz far conveyance in lieu o Y �g[t
<br />-� � ` sdall6e paid to l.eader. ' � ,
<br />� � . In the event of a tatal caiQn�of the Praperty,the Rroceeds shall He applied to the sums secared by this SeciQiry =
<br />= tnstramea�cvhether or�ot then due.vyith any excess paid to B�sr�wer..In the event o�a partiai taking af the Property th -
<br /> - which the fair martcet value of the Praperty immediately befo�the taking is equa!w or greater t1�an the amaunt of the sums •
<br /> � 'secused by this Secutity Instrument iminediately before the taldng,unIess�orrower a�cd Lender atherwise a�ee in�vrittng, � =
<br /> = the su�ns secured by this Secnsitp insuument si�all be redtmed ify the as►ount of tS��'oc�ds r�it�tied 6jr d�`�e fottozvis� ' _-
<br />:9.: fiactiaa: (a)the wtal amount of the snms secn:ed immedia�eiy before the taku�g,divided by(63 the fair market vaiue of the �
<br /> PcoPertY immedi3tety�efdre�e ta�cing. Any balance shall be paisl to�orrower. In the event of a partini taking af the -
<br /> - Pmpezty in wt�ich the fair market vatue of tHe Property�mme�iasely befo�the•taking is Iess titan the amonnt of the sutas -
<br /> . • secured immediatsly before the taking,unkss Boaoarer and Lender oth�nvise agree in writing or wiless applisable!aw ,
<br />= oihecwise provides,the procceds shall 6e applied to the swns seciued by dus Security instrument whether or not th�sams are ,
<br />= ; then due. •
<br />- j If the Pmperty�s a6andoned hy Bonawer,or if,afte�norice by Lender tu Bmmwer tt�at�he condemnor offers to make �
<br />- an award or settte a clairri for damages,Borrower fa�s to r�sposd to Lender arithin 30 days after the date the notice is given, , .
<br />- Le�nder is authorized to eouect and apply ihe piaceeds.az its aption,either w iestaraaon�r repair of the prapetty ar to the
<br />.^ i SIIIDS SCC!lICd�3j/I�ILS$CCQ31t�1 incfromenf,_W1YC�tCf OI IIOL t�1C0 dlt6. ' . .
<br />-- � . Unless.Lender and Borrower otherwise agEee in writing,any applicadon of praceeQs w priacipal shall aot e�tend or �
<br /> - i post�one the dne date af the monthiy payments referseil to u�pala�raphs I•and 2 or change the amwnt of sucb payments.
<br />- � • Il. Borrowes Not Released; Fos6earance Bp a.enQer Noi a Waives. Extenslon of tIie time far paysnent or
<br />_ � m��n ef amoxtt�arlon of the suias secured by tAis Seauity Instrument g�annied by Leader to any successor�n inie�st
<br /> - of wer sffafl nat operate to nelease the lia6�7ity af the origiaa]Bmrower or Borrower's succzssbrs in inte�s�Lender ' �
<br /> shaU not be requiied to wmmence pmoeedings against.any successar in inteiest os r+�fiase"to eactend tiine for paymens or
<br />_ � . . - adr�rwise imodify a�ao�ation of the sums sec�cd by this Stcurity Instrumer�t by reason of any demand ma�hy the crriginal _
<br /> l �fr,�mwer or Borrower's successo;s in iaterest.. Aay farbeatance Dy Lender in exerc3sing'any right or remedy shall not be a
<br />= f waiver of or preclude the eaer�ise of aay right or remedy. .
<br />= I� _ 12. Suoccssors and Asdgns Bonnd;�t and Several Liability;Ca-stgners. The cavenants aad agreements of tf�is . •
<br /> ' �Security tr�suurnent shaU 6ind and benefit tfm successo�s and assigns of I.ender and Bomuwer.subject to the provisiotis of .
<br />- parag�aph 17.�orrower's covenants and�:,ements sP�ail 6e joiat and several.Any Bormwer who co-signs this Sectuiry
<br />- Instrament but does not execute the Note: (a)is casigning this Securiry Instrament oniy to mortgage.�ant ar:d convey that
<br />- Bonower's in�rest ui the Progerty imder the��rms of this Security lnstr¢menfi (b)is nat personally obliguted w pay the sams
<br /> • secured by this Security Instrumenx and[c)�s that Lender and any other Borrower may agree to extend,modfy,fosbear
<br />- .. . or make dny�aaunodadons with rega.�� the tern�s of tbis Security Instrument or the Note without that Borrower's
<br />- oonsent.
<br /> 13. I.oan C6arges. lf the Ioan sec�.�by this Securiry Insor�ant is subje�t w a law aihich sers maximr?n Ioan �� . �
<br />- " d�irges.and that law is finally intetpc�eted so tfiat the int�r..::ar other loan charges collected or to be wilected in�.nec6on
<br /> ' cc�u�tha loan excee�the pemutted limits.then: (a)any s-.�«n toan charge shall be rataced by the amount necessary-t�reduce
<br /> the charge to the pemutted limii;and(b)any sums already rollected frnm Borrower which exceeded permitteA limits will be
<br />- . refunded to Barcawer. Lendes may choose Ca�ake this c�efund by reducing the principal owed under the Note or by making u
<br />- direct payment to Boaower. If a cefund re�:ces princIpal,the red¢ction will be treated as a partial prepayment without any
<br />_ prepayment charge under the Noie. �
<br /> � 10. Notites. Any notioa to Borrower provided far in this Security Instrament shall be given By detivesing K or by � -
<br /> � mailing it by first class mail unless agplicable law requ�s ose of another method.Ttie notice shall be dirzcted to the Froperty
<br /> Address or any other address Boaower d�ignates by notice to Lender. .�ury norice to Lender shall be given By fust class
<br /> ' mail to I.ender's 2ditress stated hgrein or any o�Iter address Lender desiga,-��by aotice to Borrower. My notice�mvided for
<br /> in this Security Insuument shall be deemed to have been given to Ere:ower or Lender when given as provided in this
<br /> • FaraSraPh. .
<br /> �.5. Governiag Law;Severa6ility. This Secarity Instrument shall be govemed by federal law and the Lz�v of the ,
<br /> jmi'sdiction in which the Property is tocated. In the event that any provision or clause of this Securiry Insuumeat u�the Noie
<br /> canflicts with epplirable taw.such canflict shall not affect other provisions of this Securiry Instrumers c:the No'..r which can
<br /> be g'�ven'effect without the conflicdng provision. 'Ib this end the pmv��ons of this Securiry Insuut�r.t�nd the Note aze -
<br /> • declared w be severab2e. . �
<br /> ,� 16. Bosrower's Copy. Borrower shall be given one conformed copy of the No�e and of tfiis Security[nswment.
<br /> . 17. 'IFansfer ot the Property ar a Seneficlsi Intemst In Borrower. If all or any part of the Propeity ar arry interest in --
<br /> " it is sold or nansferred(or if a berteficial inter�st in Botrmuei is sold m transferre��d Borrower is rtot a natural persan��_ _
<br /> without Lender's Qrior wtitten consen�Lxnder may,aY iu optian,reqnire immediate payment in full of all sums secured by -
<br /> this Securitp Iz��ument However,this optian shail Rot be exercised by Lender if eaercise is prohibited by federal law as of -
<br /> , the date aE tius�ec�uity Instr�nent. =
<br /> If Lcr�der eaer�ises this oprion,I.ender shall give Bomawer norice of axeleration. 7Yie notice shall provide a period of =-
<br /> not tess than 30days fram the d�te the nolice is deliveird or mailed within which Borrower must pay al!sums secured by this =-
<br /> ' �ecurity Instnunent If Borrower fails to pay these sums prior to the expiradon of tLis period,l.eader may invoke any
<br /> �+emedies pemutted by this Security Inshumem witltout further notice or demand on Bmrower. -
<br /> 18 Borrower's Right to Reinstate. If Hoirower meets certain conditions.Borrower shall have the right to have =
<br /> ; enforcement of this Security Instnuneat discantinued at any dsne prior to the eatlIer of: (a)S days(or such other period as ,
<br /> � Singte�ily-F�niebf�,dFlRdQteMaeUNII�OR11!ltVSl'RUMF.f�37'--1.'nitotmCovenanta 9NU (DQ8�4of6PQ8�1 r
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