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<br /> condemnation or other taking of any part of the i'raperty,or for canveynnce in lieu ot condemnntion,are hen:by otisigned and _
<br /> shall bc pnid to Lcndcr.
<br /> In thc cvcnt of u total tuking of tLc Proper¢y, thc pracccds shall bc applicd to thc sums sccun:d by tl�is Srcurity �'o�
<br /> in:�trument, whethcr or not thcn duc,with nny excess paid to�arrower. in thc event of u purtiul taking of thc Property in
<br /> which the fair mnrket value of the Nropcny immcd'eatcly before thc takins is cqual to or greater thnn the amount of thc si�ms �
<br /> secured by this Security Instrument immediately before the tuking,unless Dorrower and Lender otl�erwise agree in writing, •�__
<br /> the sums secured by this Security lnsnuenent shall be reduced by the amount of the proceeds multiplied by thc following _..:-
<br /> fraction: (n)thc totnl amount af the sums secumd immediuccly bcfore the taking,divided by (b)thc fair market valuc of thc =°'�.
<br /> Property immediutely beforc the taking. Any balance ,hall be paid to Borrower. In thc event of a partial taking of the �"�
<br /> Property in which the fair market valuc of the Property immcdiately bef�rc thc taking is less than the amount of the sums �-`•�
<br /> secu�cd immediately before the takiag, unlcss Borrower and Lendcr ath�nvise ugee in writing or unless applicable la�v �:';,
<br /> otherwise provides,the proceeds shall be npplicd to the sums secumd by this Security Instrumcnt whethcr or not the sums are -
<br /> then duc. �r_
<br /> If the Property is nbandonecl by Borrower,ar if.uftcr notice by Lender ta Borrower that the condemnar offers to make
<br /> an awurd or settic x clAim for damages,Borrower fails to respond to I.enc�er within 30 dnys aftcr the date the notice is given, �?`
<br /> Lender is autharizeci to collect and upply the proceeds.nt its option,either to restontion or repair of the Property or to the --
<br /> sums secun:d by th�s Sccurity lnstrument,a•hcther or nct then due. �--
<br /> llnless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shull not extend or �,.
<br /> postpone the due dnte of the monthly payments refermd to in paragraphs l and 2 or change the amount of such pnyments. _.
<br /> 11. Borrower Not Releused; Forbes�runce Dy Lendar fVot u Watver. Extensiun of t6e time for puymcnt or
<br /> moditication of�unortization of the sums seeured by this Security Instrument sranted by Lender to any successor in intenst �'-
<br /> �f Rnrmw�r shal! aat operate to relcasc thc liability of thc original dorrower or Borrowcr; succcssors m irttcrest. Lcndcr =_
<br /> shall not bc rcyuircd to commcncc pra:eedings ugainst any succcstior in interest or rcf'use to cxtcnd timc for payment or d=
<br /> othenvisc malify amortiuuton uf thc sums sccured by this Sccurity Gi,trument by renson of uny dcmand made h,y thc originul
<br /> Bottawer or Bo�Tawer's successors in interest. Any forbearmue by Lender in exercising�+ny right or remedy shull not he n _
<br /> waiivcr of or pn�cludc thc cxcrcisc af imy right or remcdy. --
<br /> E2. �ucce�.4:�rs and Assl};ns Ilnund;,Julnt and Several I.Itsblllty;CasE�ners. 'fhe cove�tunts �ind ugrcements��f thi:: �
<br /> Sccuriry Instrument tihnll bind i�nd Ixncfit thc succcs,ors and ussigns�if'Lcndcr nnd Uorcawcr,subjcct to thc pravisions of __.
<br /> pnriigr.iph 17. Borrowcr+covenantx tmd ugrccmcnts shnll fx�joint nnd +cvcr.�l,Arry Hurrowcr whn co-signti thiti Sccurity .
<br /> Instrununt but docs noi cxccutc thc Ivotc: (n)is co-signing[ni��ccuriiy in�irun�cui u„iy ia,�ic,Y�abc,bii•Tit Csi��Ci�i�'r8j%2ttu2
<br /> Borrowcr's intcrest in thc Property undcr thc tcrnis uf this Security Instrumenr, (b)is nut pcnonally oblig��tcd to pay thc sums
<br /> secured by this Security Instrumenr and(c)agrees thut Lender unJ any other B�rn>wer mny ugrce to extend,inodify,farbe:►r
<br /> ar muke any accommodutions with regard to the termti of this Security Instrument or the Note without that Borrower's
<br /> wnscnt. _-
<br /> 13. Loan Ghnr�es. If the loan secured by this Security Instrument is subject to u law which sets maximum loan __.
<br /> eharges,and that luw is finnlly interpreted so thut the interest or other loan chaeges collected or to be colleeted in eonneetion --
<br /> with the toan exceed the permitted limits,then: (n)any such loun charge shall be reduced by the amount necessary to reduce �
<br /> the charge to the pemiitted limit and(b)any sums already collected from Borrower which excceded pemiitted limits will be
<br /> refunded to Borrower. Lender may choase to make this refund by rcducing the principal owed under the Note or by making a �_._
<br /> direct payment to Borrower. If u refund reduces principal, the reduction will be veated as a paitial prepayme:�t without any .
<br /> prepayment chuge under the Notc.
<br /> 14. Notiees. Any notice to Borrower provided far in this Security ]nstrument shall be given by deliverinB it or by ti_'�
<br /> muiling it by fint class mnil unless s�pplicable law requires use of another methQd.'i'he notice shall be directed to the Property �`:
<br /> Address or any other address Boaower designntcs by noticc to Lendcr. Any noticc to Lendcr shall bc givcn by lirst class '�•�_
<br /> mail to Lender's nddress stated herein or any other address Lender designutes by notice to Borrower. Any notice provided for
<br /> in this Security Instrumcnt shall be deemed to have been given to Borrower or I.ender whcn given as providcd in this C'','
<br /> paragraph. `•'
<br /> I5. Govern8ng Lnw; Severability. This Security Instrument shall be governed by fcdernl la�v and thc law of thc
<br /> jurisdiction in which Ihe Pr�peny is locnte.�i. In the event thnt nny provis�nn or clause of this Security lnstrument or the Nate
<br /> confliets with applieable law,such conflict shall not affect oihee provisians of this Security Instrument or the Note wl�ich can
<br /> be given effect without the conflicting provision. To this end the provisions o(Ihis Security instrurnent and the Note arc
<br /> declared to be severablc. '
<br /> ' 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> ' 17. 'Iti�nnsfer of the Property or n Iieneftcial Interest in Borrower. If nll or any pa�t of the Property or any intcrest in �
<br /> it is sold or transferred (or if a beneficicsl intcrest in Borcower is sold or lransfeRed and Bonower is not a natural pertion) " •
<br /> without LenderS prior written cot�sent,Lcnder muy,at its option,rcauirr immediute payment in full of all sums secured by
<br /> � this Secarity fnstrumerrt. However,this option sh::l!not bc exercised by Lender if exercise is prohibited by fcderal law as of
<br /> thc datc of this Sccurity instrument.
<br /> if Lender exercises;his option,Lender shnll give Borrower notice of acceleration. The notice shc+ll provide u period of
<br /> ; not less than 30 days from the date the nutice is delive�d or m¢iled witltin which Borrower must pny all su►ns secured by this
<br /> Security Inswment. If Borrawcr fails to puy thesc sums prior to the cxpiration of this period, Lendcr may invokc any
<br /> remedies pertnitted by thie Security Instrument without furthet�notice or demand un Borrower.
<br /> � IS. Bnrrower's Rlght to Reinstnte. If Borrowcr mccts certain conditions. Borrower shall havc the right to havc
<br /> enforcement of this Security Instrument discontinued m nny time prior to thc earlicr of: (a) 5 days(or such other period as
<br /> I Single R�mily--Fpnnk MaefFYMdte Mac UNIE�ORM INSTRUMF.NT--Unitortn Covcnnnts 9/90 IpaRC 4�,j6 pnxcsl
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