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<br /> coud�:miuilic►i�or otl�cr tnking of nny p�rt of Azc 1}rn�x:ny,ur fur convcyemcc in licu of conticmmuion,urc hcreby assigue cmd
<br /> shull bc pnid tn t.ttidcr,
<br /> In ttte avenl of n total tukinK of the Property, [lic proceeds shnll l�e npplled ta tlie sums sec�ued by this Security
<br /> Instrumcnt,whcther or not then due,with any oxcess paid to Qorrowzr. In tiie evcn[of u p;utial taking af the 1'roperiy ln
<br /> which!ho ft►ir mnrket vnlue of tite Property immedintely betare.the tnking is cquol tu ar�rcater¢han the amount af the sums
<br />- sec�urd by thia Sccurity h�strument immedi�:!c!y bef�re the[aking, unless Borrower and Lendar ntlierwise ngrec in writing,
<br /> the xtmis sccuecd by t!►is Sccuriry insirumcnt shall bc reduced by the nmount of the proceccis multiplied by the following
<br /> fraccion: (a)the tornl amount of thc su�is secu�cd immediately before thc tnk3ng,dlvided by(b)the fuir murket valuc of the
<br /> Propeny !►n:nediatcly bcfare tlic tnking. Any balance shall isc pAt(I[O 80170WCi. In thc event of a paninl taking of the
<br /> Property in which the fnir market vnlue of thc Propeny immcdiatcly before the takin�is lcss than the umount of the sums _
<br /> secured immediately beforc die taking, unlcss Borrawcr and Lender otherwisc agr�e in writing or unless applicable law —
<br /> othcrw9se provides,thc proceed�;shull be applied to the sums securcd by this Sccurity Ic�strument whether or not the sums are —�
<br /> then due. _�
<br /> If thc Pcopeny is nbandoncd by Borrowcr,ar if,nftcr noticc by Lendcr to Bormwcr that the condcmnvr offcrs to rnakc
<br /> :+n nward or settle a aluim far damages,8orrowcr fails to respond to Lcndcr within 30 dnys aftcr the date thc notice is given,
<br /> Lender is authoriud to collcct and apply the pmceeds,ut its option,either to restomtion or repair of the Property m•to the
<br /> sums secumd by this Securiry Instn►ment,whether a�not then due. _
<br /> Unless Ltndcr and Borrowcr otherwisc agrcc in writing,atiy application of praceeds to principal shall not extend or
<br /> postpune the due date of the monthty payments mferred to in parugraphs l;uid 2 or change the umount of such payments. -
<br /> !d. BoPtistver rlot I3p!e°s°�; Ferke�r�nee By l�rtder Not a W�iver. ExGension of the time for payment or
<br /> modification of amortization of the sums secured by this Securiry Inswment gr.�nted by Lander to any successor in interest ,,
<br /> of f�arrower shall not operate to rclease[he liability of the originul eorrower ur Borruwer's su�cssor, ii�interast. Leiider L��'=
<br /> sh�►11 not be rec�uired to cammence proceedings ngnins[ any suecessor in interest or refuse to extend time for puyment or ,�,
<br /> othenvise modify amortization of the sums secured by this Security lnstn�ment by reason of any demnnd made by the originnl � �'�
<br /> Borrower or BoROwert successors in interest. Any forbearance by l,ender in exercising any right or remedy shatl not be a
<br /> �.ti�aiver of o�preclude the exerc��e of nn;ri�ht or rcmedy. �<�'---
<br /> 12. Successors nnd Assigns Iiound;Jolnt And Severnl Lfabillty;Cu-signers. The cuvennnts ana ugrcements of this ��'r
<br /> Security Instn�ment shull bind und benefit the successors and ussigns of Lender and Barr�wer, subject to the provisions of -�;;
<br /> paragraph 17. Borrower's covenants und agreemen�s shall be joint and several. Any Bono�ver who co-signs this Security �;�
<br /> Instrument but claes not execute the Note: (n)is co-signing this Security Instrument only to mortguge,grant und convey that ;�j,
<br /> tiorrawer's interast m me Yroperty under the terms of tnis Securiry in�crumenc: (b)is not personaily obiigated to pay titc sums � ___
<br /> sccured by this Securiry Instrument;and(c)�grees thut Lender and any nther Borrower mny ngree to extend,modify,4'orbear .�.-
<br /> or make nny accommodutions �vith regard to thc temis of this Security Instrument or thc Notc without thut Borrowcr's
<br /> conscnt.
<br /> 13. I.oan ChArges. If the loan sccured by this Security Insaument i+ subject to .► law which �ets maximum loan __-
<br /> charges,and diat Inw is finlUy interpreted so that the interest or other loan charges collected or to be collected in connection __
<br /> with the loan exceed the permitted limits,then: (u)any such loan churge shull bc reJuced by Ihe umount necessary to reduce __
<br /> the charge to the permitted limit;and(b)any sums already collected from Borrower which excccded pc�rtnittec!limits will be ,,;:y.
<br /> refunded to Borrotivcr. Lendcr may r.honse to make this refund by rcducing thc principul owed undcr thc Notc or by making a Y,''
<br /> di�ct paymcnt to Bonower. If a refund reduces principal,the rcductian will bc trrated.0 a panial prepayment without any ^
<br /> prepaymcnt cimrgc under the Note.
<br /> l4. Nottces. Any notice to Borruwcr providcd for in this Sccurity Instrumcnt +hall tx �ivcn by dclivcrin�; it ur by •
<br /> mailing i1 by first class mail unlcss applicable law requires usc of anothcr method.'rhe notice shall be dircctcd to thc Property .
<br /> Address or any other address Borrower designates by noticc ro Lender. Any notice to Lender shall be given by fint dass
<br /> mail to Lender's address stated hrrein or any other addrcsti Lendec designates by nc,ticr ro Borrower. Any nodce provideJ fo� �
<br /> in this Security Instrument shnll be dcemcd to have bren given to Borrowcr or Lcndcr when given as provided in this •.
<br /> P�B�Ph•
<br /> 15. Governing Lnw; SeverabtliRy. This 5ecurity Instrument shall bc govcmed by fcderal law and thc law of thc
<br /> jurisdiction in which thc Property is locuted. In the event thut any provision or rluusc uf this Security Instrument or the Note
<br /> conflicts with appiicuble law,such conflict sh�ll not affect othrr provisiom of thiti Scrurity insm�mcnt or thc Notc which can
<br /> be given effect�vithout the conflicting provision. To this end the provi.ions of this Securiry Instrument xnd the Note am
<br /> declared to be severable.
<br /> 16. Borrower'�Copy. Borrower sh�ll be given o�ie conformed copy of the Note:u�d of this Security Instrument.
<br /> 17. 71�tmsfer of t8e Property ur�Beneficial Interest in Borro�ver. I f all or any part of thc Property or uny inte:rest in
<br /> it is svld o�transfcrred(os if a bencfici:d intcretit in Borrowcr is sold or transfrmd and BoiTOwcr is not a namral penon)
<br /> �vithout Lenders privr�vritten cunsent, Lender may,at its option,rcyuirc immediatc puymcnt in full of all sums�ecurcd by
<br /> this Security Instrument. However,this option shull not bc excrcised by Lcnder if cxercise is prohibitcd by fcdcral law as of �
<br /> the date of this Security Instrument.
<br /> If Lender exercises this option,Lender xhall give Bnrrower ncnice of accelcr.�tion. '1'he notice shall provide a period of
<br /> not less than 30 days from the date lhe notice is delivemd or mailed within which Borrower must pay all su►m srcurcd by thix
<br /> Security Inst�ument. If Hurrower fails to pay these sums prior to the expiration of this period. Lcnder ma�- invoke .uiy
<br /> ' n;meJies pemiitted by this Security Instrum�nt without funher noticc ur demand on Borrowcr.
<br /> 18. Borrower's Ri�ht to Retnstate. If Borrowcr mcets ccrtain conditions, Borrower shall havr thc right to havc
<br /> enforcement of this Security Instrument discontinued at any time prior ta the carlier of: (a)5 days(or such other period as
<br /> Singlc f:�mily--I�nnair:►tnc/lYcddlc Moc UNO�ORA1 IN.STRUAfF.h7--llnifum�Cuvcnant. 9/90 �p�ige 4��n pox�.i
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