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<br /> , caait�nado�os�8ter sr.k�n�of any pat of tlte�sa�rty.ar for conve�uYSCe in�ieu o�@o`�e�mnatiop,are i�e�bir assi�ard ar�, , ---- -- -
<br /> S�i���tfil�t`J�,Ei�'tBi � • , - - -. ---
<br /> . _in�ee�:i of�t�tsi te�iao a€tkA Ptnnerty,the pracc�d9 sb.zit Ese�appli�d to the sumg secwred by this Sec�rity . _-- -- __
<br /> � Inswnts��,.�vhexher ar,net thet�due.with any excess paid to Borraever. 1n ttte event of a P�tial tnkiri�af the i'm�rcp ut: -_- -______-_---
<br /> wAi�h the fair maslcet vadue of the Froperty+tmmediatcly treforc the 4�ing is eqnol to or greater thaii the.amouat of the suans —
<br /> � � s�cured dy this SecurIty Instiu�ent imanediatety 6efose the taking,untsss�mr8wer and Lender ashenvise agree in writing. __---_-
<br /> tize sums secused!sy this Security[nsm�raent shatl bc;reduce{!iry tite airtoum of tlie pr�ccesis mWtiptiecS by the fo3lowing ==------_---
<br /> � 4'rp�tian: (�)the total aaiount of the su�s secu{e�im�nediateYy isefara the ta�ing.d'ividQd by(b)the fair maticet vatue of the �- -
<br /> �. _�--_
<br /> Prapetty Imme�iately bsfore the talsiag. Any b:ilattce sh�i be�aid tQ Bormwer. Ia�the event of a partia!tatcirtg of the ���r i �_�
<br /> . �ty[Iff Fl�LC�!tlfC�i�Ct Y2Ill£O�tllC PCO�i[��m���ately befare the takiag is[ess(han Ihe amount of the sums - Y-..�
<br /> • sezur�d imm$d3atetp before the tak9iig.unless Botrow�r and LendYr.ottiernise.a�ee m wsitin�or smIess appTicabie iaw ,��� � Y
<br /> ot6erwise pra'vid�s,the proceeds shall be agplied ta the smns secuied by thes Securiry Instnimeni.whe�tser er aot'the s�uns�e ���..���•�_
<br /> tlken due. . . �'F�`�=--"-- --
<br /> k���-��=�_
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<br /> ' if the p�og�ty is alaaadoned by$orrower.or if,after no�ice by Lender to Borrattrer t}mt the condeaanar ers to �.�_�--�--
<br /> an awaz�l ar�le s.claim for damzges.Bumawer fails to cespond w Lender ariihIn 30�ays after ti►e daie the aotice is givea�. -----�-
<br /> Lender is authorized to toIIect and apply the proa�eds.at its oprinn.either to restoration or repair of the Progeny oz ro the _-
<br /> sums seca:ed fry this Securiay Inswmen��+hethet or nat then due. . . _----_—_-- -.
<br /> � � . Untess l.cuder and Bnaower other�vise agree in writing.any application of pmceeds to principal sh�11 nox extend or _� � 'v_
<br /> gastpnne tIle due date of the mantiily paymenis referred co in paragraphs D and 2 or change the amount of s�cb paymen.ts. �.,�_�--�-�--�___--
<br /> !l. Sorrower 1Vo3 Reiease�; For6mraace By Lender N6t a �aivec Fxtension of the time fin paymeni � ���__. _
<br /> modificatioa of amo�tizatio�of the sums seruied 6 this Security In.stnimeni ted b Lender to an successor in intecest. �_--�
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<br /> • af 8a:nswee sitaU not operate to release the,lia6iliry of the original Borrower or Buirower's successors in anterest.l_endsr -�,_
<br /> shaL!nnt be rcqniied to comsnenr.�`praceed"u�gs againtt any successor in interest or refusc to eatend dme for Qayinent or =----=-
<br /> � otherwise modify amortizarian pf the sums sec�ued 8y th�s Sec�i'rity Instrument by reason of any d�mand made by the origiaal �'�."�=�-
<br /> G 1 — —
<br /> Botrawer ar Smmwer's s¢ccesso�s in iatere.st. Aa farbearance b I.ender in exercisin an ri ht or remed shafl nat be a ��'''=�---=�
<br /> Y Y g Y P Y r.:`�==�.'�-- -
<br /> vv�iver of or grecIude the exerciss of any right os�medy. • ,�, __ _�__
<br /> 1Z Saac�sors aad Assigps Bannd;doint artd Several UabIItty;Co-s3g�e�s. 'Rie cssvenanu�and ag�eemepts of this r � .' _ .
<br /> Security Insttuatent shall bind�d bettefit the successuis and assigts of lxnder aztd Borrower,subjeet to the pmvisions oY ,� ,,,,�
<br /> paiagraph'17.�BaAOwer§rnvenants ana agreements shall be joint aad several.Any Borrower who co-sigis this Secm9ty ��.:�aK��
<br /> �_�,_�
<br /> Insmimeat but does not execute the Not� (a)is co-signing this Security Instrument only to martgage,gr�t and wnvey ttiat �:t .
<br /> Horrower's interest in tks Praperty undec the term�of this Sezurity[nsdrumen� !b)is not Qersonally obligated to pay the sums �.:.�� r�
<br /> • - secuied by this�Qearitl,•Instrumet�t;and(c)agnees t�ai Lender and any other Borrower may agree to extend modify.foebear . f • ��
<br /> . or make any accomma�darions witl� iegatd to the tertns of this Securiry Insuument or the Note without that Bomnwers '4 f� ' - -
<br /> cansent. . � �
<br /> .rt�,:
<br /> 13..1.Qan Charge9. If the toan secured by this Secvrity Instru.�ent is subjeci to a law which.sets maximnm loan � �_;,,;
<br /> cbarges.and i}iat la�v is finally inteipreted so thas the intet+est or ottier lo�charges coQected or to be collected in cannec¢ion • �'��°
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<br />= witb the lo�exceed the pemntied limits.then: (a)any sach laan charge shall be ceduced by the amaunt necessary to red�ce ,::�'�
<br />= the cMarge to the pemnteed limi�artd(b)any sums already callected from Borrowet which exceeded per�itted limits will be -;;,� `
<br /> refuaded tq Borrower. Lender may choose to make this reftmd by reducing the principal oared under the Note or by�Ing a . ��'`'�'!�
<br /> d'nrect payaient to Bolrower. If a,cefund reduces principal.the reductian mll be ueated as a partial prepayment mt�avt any :.� ...
<br />- , �epaYazestt charge�mdert6e.�'rtt�.�. !" ' . -
<br /> ' 14. No�a�::.�4.�v aotice.'.t�:�armwec provided�or in this Security Instrument shall be give�by delivering it or by :a; : � �
<br /> maituig it By�fu�ti�ius�:�ail unless agplicab2e law requires.use of another method The aod�e shall be d'ise�zd to We Property �'``-
<br /> qddress or any o�:s atldress Borrower designatcs by notice to Lender. Ehny notice to Lender shall be given by first class � "'�' '��'��:
<br /> • tn�z�l t��eader's address stated herein or any ottceraddress LeMer desip►a.'es.by rtotice to Bomnwer. Any notice provided for � %� �
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<br /> � , in,�iai�;�cwity Instrument sha11 be deemed to have �een given�to Boirawer or Lender when given as pmvided in this :��'^� '•- - -_ '�
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<br /> • p�i5 Governtng Law;Severa6�ity. Tfus Secwity L?s�r�ent shall be ovemed by federal law and the law of the �'":��°,� f '�
<br /> � � � i�
<br /> . jurisdiction in whicQ the Ptoperty is tocated. In the event thai;:ay provision or cSause of this Security Instrument or the Note ��.:r�•�^
<br /> confii�ts with applicab2e law,sac6 conflict shari not affect o�fc:.�°t.�srovisions of this Security Inswment or the Note which can �:-".:t;,�-j�}� ' �
<br /> be f3v+�effect without the cant'�it�g provision To this i�'d:e provisions of this Security Instrumeat and the Note are ;�:•��_ _� ..
<br /> - decL�i��to 6e severab2e. ' . . : � �';i_a.,.;,��_-
<br /> l+a. Borrower's Copp. Bo:r.��:z7 shall be given one w��eed cdpy of the Note�v�r,f this Securit�r�lnsm�men� . ;'���'�� "
<br /> 17. 71�aosfer of S�e Pro p e ri y or a Benefccinl Interest in Dorrowet: !'f a7l or any��`of the Prcqu��•or any interest in � �ti� "��• �� _
<br />= it is sold or tram,�f'y�^red(or if a 6eneficial interest in Borrower is solcl ac ir.u�sfercec}a�d'Borrower is not a natural petson) , � -
<br />- � witho.ut Lender��:or aritten consenG Lender may.at its option,'reqaiie i�?c-*•ediace payment in full of all sdms secured by _ ••.:"`, . .'
<br /> this.5�nrity Insfitmen4. Howe�tur;�his option shall not be exercised by Lender ifexercr,��s protu'bited by fedenil taw as of . ". . � . �'•'�'"�
<br /> the��':e o�this Seciaity Insuu�s�tc. • . , �. • .,
<br />- 1f�es e.v.,wclses thls aprion,l.ender shall give Bmrower nouce of aCCelerati�a..Z?:e notice shal!prm�ide a yeriod af � • - ;,,
<br />- . not less than 30 i�}f s fr�m the date the notic�i��_�'elive�d or mailed within�ft;ch Borrowes must pay all sums secared by this . . . . .;:�:.
<br /> Security Insmir�•�tt...if Bonower fcWs to,p:y�t�hese sums prior to the e*�ira6on of this period,Lender may invoke any . ,
<br /> . remgdies permittecl by this Security Insuum:�C ra:�haut further norice or demaad on Borravyer. ' •; �
<br /> � �8. Borro�er's Rigbt to Reinstai� If Borra�ver me�s certain conditions.Bcnower shall have the ri�ht to have `;<w �. .
<br /> enfa�aement of ths Security lnsdument discontinued at any time prior to the earlier of: (a)5 days(or such othet period as . , s��;`��:,..��_
<br /> . Singla Fmnily..6anafe MselFiedQie Mae UNILrORM INS'f'BUMENPI'—UNfomi CoveoarZ} 9190 (DeSe 4 of6page.+) ', f�•',r�
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