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<br /> ca�demnaticrn or a1Mr teking of angr part oF�hcs Ara�xrty,or for canveyaece:in li�u af coeidemruit��M�,anhr:rrby uxslgi�ed nrxl
<br /> ,:i►all l�paid ta l.c�xter. �
<br /> In tQre event of a t�xa� teking of the 1'roperty, ihe isr�xeeds sh�ll ba +►pplied tn �hs sum�securcd by thin Secut#t7
<br /> In�trument,�vhe2)��r or nut thcn du�,with nny excess �aiil to F�orrc►w�r. [n the evcnt oP a partial taking of th�s Pr���e�ty in _
<br /> which thc fair markct vsluc c:the Pwperty isnnx�liaiNy Fxt'orc the taking is equal to or greator th�n Cne arnount of tihe 9um9
<br /> secu.ed by this Security Ins�rument imrnedietely before ihe tal:ing.unl�ss Borcuwer nnd Lender aherwise�grce in writing,
<br /> the sums secured by this Security [nstrument sholl be rcduced by ihe amaunt uf the proceeds multipliect by trie following
<br /> fruction: (n)thm totAl arnnunt of the sums�e�ured Immediately beforc the tuking,dividcd by(b)the fi�ir markee value af the —
<br /> Proparty Immediately lx;fare tiia taking. Any balance Rhull be paid to Hoirower. In thc event of a partial taking oP the
<br /> PrapoyYy in whicl�the fair maeket value of the Property immcdiately beforo the tnlcing is less thnn thc omount of thc sums —
<br /> secured immediately before the taking. unl�ss Borrovver and Lender otherwisc agrca in writing or unless applicable law
<br /> othe.�wise providos,the proceeds shall be opplied to the sui�s secnrEd by this Security[nstrument whether or not the sums nre -
<br /> then duc.
<br /> If the Property is nbandoned by Barrower,or if,uflcr natice by Lender to Barrower that the condemnor offers to make
<br /> an award or s�ttle 1 claim for damages, �orrower fails to n.spond to Lender within 30 days after¢he date the notice is given,
<br /> Lender ls authorized to collect and apply the proceeds,at its option,either to rescoration or repair of the Property or to thc
<br /> sums secured by this Security Instrwnent,whether or nat then due.
<br /> Unlcss Lender and Boirowcr othenvise agree in writing, any applicution of procec�s to principal shall not extend or
<br /> postpone the due date of the monthly p�l menGti refertecD ro in parsgra�hs 1 and 2 or change ehe amoent of se��h payments. �
<br /> 11. Borrower Not Rel�sed; Forbear�nce By Lender Not a Waiver. Extension of tha time for payment or _
<br /> mcrdiiication of amo�tilzation of the sums secured by this Security Instrument grnnted by Lender zo any successor in interest
<br />' of�annwer ahall not openuc to relcase ihe liabiliry af the originat Horrower or Barro�ver�succes�ors in interest. Lender `—__
<br /> shall not be iequired to commence pcoceedings against any successor in interest or refuse tv Cxtend tim.e fot payment or ---
<br /> , otherwise modify amortizatian of the surns secured by t�his Securiry lnstrument by reason of any demand madc by the�riginal —
<br /> � Borrowxs or Borrower's successors in inierest. Any forbearanre by Lender in cxercisiteg any right or remedy shall not be u --
<br /> ' wuiver of or preclude the exerslse of any right or remedy,
<br /> 12. Successors und Assi�na Bound;.loint and Several Ltubllity:Co-si�tiers. The covenants and agreements of this
<br /> � Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions of '
<br /> . paragruph 17. Borrower's coventutts sutd agreemenu shall be joint and several. Any Bnrrower who co•signs this Security
<br /> Instrumet�t but does not execute th�Note: (u)is co-signins this Security Insaument only to mongage.grant and convey that
<br /> Borrower's interest in the Property under the terms of this Security Instrument: (b)is not personally obligated to pay thc sums
<br /> secured by this Securiry Tnstrument;and �cj agrees tna[ I.ender and uny other fi�rro�ver may ugrec io exicnci,mvdiiy,iuc'ucur °
<br />� or make uny uccummodutions with regard to the terms of this Security Instrument or the lVote without that Borrower!�
<br /> � consent.
<br />, 13. I.oan Ghargrs. If the loun secured by this Security Inst�ument is subject to a law which sets maximum laan
<br /> charges,nnd that law is finally interprcted sn that the interest or othcr loa�i churges wllected or to be callected in connection
<br /> with the loan cxcced the permitted limits,ttien: (a)nny such loan chnrge shull be reduced by the umount necessAry to reduce =
<br /> the cha�ge to the permitred limit;and(b)any wms ulready collected from Aorrower which exceeded pemiitted limits will be —_
<br /> rcfunded to Bonower. Lr.nder mey choose to makc this refund by reducing thc principal owed uadcr the Notc or by making u —
<br /> ditrct payment to Borrower. lf a refund mduces principal, the reduction will be treated ns a panial preplyment without uny
<br /> prcpayment churge under the Nota '""�''=
<br /> 14. hotices. Any notice to Borrower provided f�r in�his S.;curity Instrument shall be given bydelivering it oe by �:�;
<br /> Imailing it by fiirst class mail unless applicable Imv rcqui�es use of another method.The notice shall be directed to tlie Property Qe�-
<br />� Address or any ather address Bonbwer designates by notice to Lcnder. Any noticc to Lendcr shall bc given by first class �4�=�
<br /> mail to Lender�s address stated herein or any other address Lender designates by notice to Bo�TOwer. Any notice provided for �.•'-''
<br /> in this Securit Instrument shall be dee;ned to huve been iven to Borrower or Lender when iven as rovided in this f��
<br /> Y S S P �•--,.
<br /> pars�graph. ':n�`,�.
<br /> 15. Governing Law; Severabtlity. This Security Fustrument shall be governed by tederal law and ti�e law of the s
<br /> '�t,.
<br /> jurisdiction in which the Pcoperty is located. In the cvent that 1ny provision or clausc of this Security Instrumenc or thc Note ,.
<br /> confliets with applicable law,such conflict shall not affect other provisions of this�ecurity Instrurnent orthe Note which can ''��',;:
<br /> be given effect without the conflicting provision. To ihis end the provisions of thix Security Instrurnent and ihe Note arc
<br /> declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Securiiy Instrument. ' •
<br /> 17. '[FAnsfer of the Property or a IIeneficial lnterest in Borrower. If ull or any part of the Property or any intcrest in
<br /> it is sold or trnnsfcrred(or if a beneficial interest in Sarrower is sold or trxnsferced and Borrower is not a natural person)
<br /> without Lr,nder S prior written consent, Lender may,at its option,requirc imrnedi�tc paymcnt in full of all sums sccured by
<br /> this Security Instntment. However,this option shnll not be excrcised by Lender if excrcise is prohibited by federal law as of
<br /> the date of this Securiry Instn�mcnt.
<br />' If Lender exercises this uption.Lender shall give Borro�ver nntice of Acceleration. Tlie natice shull provide a period of
<br />• not Iess than 30 days from the date thc norice is delivcred or rnailed within which Borrowcr mast pay all aurns securcd by this
<br />' Security inswmcnt. [f Barrowcr fails to pay these sums prior to thc expiration of this period,Lendcr may invoke any
<br /> ' remedies pemtitted by this 5ecurity Instrument without further notice or demand on Borrower.
<br /> 18. f3urPOwer's Right to Reinstate. If Borrower mccts certain conditions, Borrower shall huve the right to hnve
<br /> cnfoi�cernent of this Security Insm�mcnt discontinued at any timc�rior to thc earlier of: (a)S days(or sucl�othcr period as
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