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<br /> candemnntion or othcr u+lcing of rmy pnrt of tit�PropcRy.or far convcytuu�c in Ileu aicondemnutfan.urc�icn:by usgiSned and
<br /> shalt ts�patd to t.�r�cM:. °
<br /> Ie the event af a tatnl taking af tho Property,thu Praceeds shull b� npplted to the aums hec�ired by tidy Sccudty —
<br /> Instrumcnt,whether or not thcn due.wfth�ny excesy paid tn Horruwer. In ti�e cvcnt c►f o pnrtial taking of thc Praperty in
<br /> which tho fnir markec v�lue af the Nmperty immediately bcfi��c ihe tnking la cyual to nt gmnter than thc amuunt of thc sumA
<br /> secuneA by this Sccu�ity Insuumeat immediately beforc thR tuking.unlesy dorrower und Lender athcrwisc ugree in wrltfng.
<br /> the suma Fecuted by thie Secu�ity Instrument sh�ll be�►:duced by the amnunt of the proceeda multiplted by thc folfawing
<br /> fracttnn: ta?�hP tntnl nmount of�he+:uma ticcured immediatety befare the tnkinA.ciivided hy Ib)thc fnir murket vnlue uf tha
<br /> Pn�peAy immedIntely bcfore the tuking. Avy balanc� Rhatl be pald to Borrower. ln the cvent nf u Naniul t�ain�uf thc �
<br /> Propeny in whlch thc fat�murlcet vnlue of the PmpcAy immediately befon the tuking is Icss than the amaunt of'thc suma
<br /> r,ecured i�nmeQlutely before the taking. unl�Bouowcr and I.crtder othenvlse ugree it�writin�or unles.+opplicAble law
<br /> ott►erwfse pmvides.the procecds shull be applied ta the sums recured by ihia Security InstNment whether or rtot the sums urc
<br /> then due.
<br /> IY the Property is ubandoned by Barmwer,or if,ufter nodse by L.ender ta Sotrawer that the candemnor offerx to muke
<br /> un award or settle n clalm for dam�ge4.Borrower fails to respond to l.ender wlthin 30 duya ufte�the date the naticc is given.
<br /> Lender Is authorized to collect and�pfy the proceedg.at i�s opHon.either to restomUon or repuir af the P[operty ar to the
<br /> sums secu�d by thia Securtty Instnunen�wh�ther or not then due.
<br /> Unless L.ender and Borrower otherwise agree tn verriting,any applicndon af pmce�ds to principal sltall rtot eatcnd or
<br /> postpone the duR dute�f the monthly payments reiemed tu in pnmsruPhs 1 und 2 or chang�the umount af such paymenus.
<br /> li. Borrower Not Relr�sed; Forbearatnce By 1.ender Not a Walver. Extenslon of the t�me for payment or
<br /> moditIcation of umortiaatlon of the sums sxured by this Security Insttument grunted by l,ender to any successor in intemt
<br /> of BoTrower shull not operate to release the Nubiliry of the origtnal Borrower or Botrower�s sucoessors in interest.Lxnder
<br /> shalt not be�uited to commence ptoceedfngs�g�inst�rty succ�ss°r� �n�e►est or refu.�e ta eactend time for payment or �
<br /> oiheiwise mod{fy umortization of the sums secwed by this Security Instrument by reason of any demund made by ihe origlnal
<br /> ��,Wer or g�rrowert Kuocessors in tntenst. Any forbetuance by Lendet ia ezercising any r�ght or remedy shnll rtot be u
<br /> waiver of or pmclude the exercdsa o!nny right or remedy. �
<br /> 12, Suoc�sors and Asdgns Bound;Jotnt and Ssveml LiablUty;Co-slgnera The covenAnts ared n�eemenu of this
<br /> Securtty Insuument shull bind und bei�efit the successo�rs aud ussip�s of L.ender und Bomnwer.subjrct to the pmvisions of
<br /> paragraph 17. Borrower's covenants and agrzements shall be joint and severnl. My Borrower who casisns this Securlty
<br /> Instrument but dmes not execute the Note: (a)Is co-signing this Serurity In�wment pnly to monsagq grant und convey that
<br /> i;otrower's interest in the Pmperty under the terms of this Security Instnunent� (b)is not personaUy obli�ated to pay the snms
<br /> scxured by this SecurIty Insuument;nnd(c)agrees that L.ender and uny other Borrower anay agree co extend.modify.forbeaz
<br /> or malce any accammodadons wtth regsud to the terms af this Secuciry Insuument or the Nou without�hat Bortower�s
<br /> consenG
<br /> 13, L�Cl�r�ey, If the loun secund by thia Security Instrument is subject to a law whtch aets mcuctmum loan
<br /> . ctiarges,and that law ts fin311y interpreted so tdat the interest or other iowu c�i.�ix,fica,stad�to tsa�kcttd iss�oss =
<br /> with the loan exceed the pemiltted IGntts.then: (a)�Y su�h�av�charge shaU be reduced by the amount nocesssuy to neducc
<br /> tt��charge to the Qermiuod limix and tb)any sums already coUecce�frnm Bosower which excaded permitted limits wiq 6e
<br /> tefundcd to Boauwer. i.ender may choose to muke this refund by reducing the principal owcd under the Notc or Isy making a
<br /> di�ect payment to Bomower. If a refund reduces principu�,the reduc6on wlll be ueau�as a parti�l prepayment vnthout eny
<br /> pnpayment charge under.the Note.
<br /> i4. NMlces. My nodce to Borrower provided for in this Security inswment sh�ll bc givca by deUvering tt or by
<br /> mailIng it by fust class mail unless applicable�aw requires use of nnother method.'Ihe no�ice shall be d'arected to the Pmperty
<br /> qddress or eny other addmss Borrower designates by nodce to Lender. My nodoe to Lender shall be given by 8rst class
<br /> mail to Lender's address staud herein or any other address Lea►der deslgnates by nodce to Bomawer. Any notice provided for
<br /> in tlus Secur�ty Insaument shall be deemed to have been given to Bocrower ar l.ende�when given as provided in this
<br /> PuaBraPh• � �
<br /> 15. Go�retnling Law;Severability. 'ilds Secw'iry�nswment shali be govemedi by federa(!uw und the law uf the
<br /> jurasdicdon in Which the Property�S lnr.uted. 1n the event th�t any provtsion or clause of thts Security Jnstcument ar the Nou
<br /> car�fticts with applicable luw,s¢ch conflict shell not affect other provistons of this Securicy Instrumeat or thc Note which can
<br /> be�rven effeit wlthout the conflicting pmvision. 7b this end tfie provisions of this Secudty InstNment and the Not�uce
<br /> aJ�lared w ii�s�vembla.
<br /> 16. Ht►rrawer's Copy. Bor�ower shaU 6e given one canfoancd oopy of the Nou nnd of th�s Sxuriry L�stnimen�
<br /> ' 17. 'llran��r ot the Propsrty or a BeneRciai Intetest tn Barmwer. If ap or uny part of the Prr�perty or any interest in
<br /> it is sold or tcan�fe�d(or tf�bene6c{nl intecest tn Bortower i��snld or transfemed nnd Bo:rower is not a nahual pccson)
<br /> wlthout Lenderk prior wriuen consent,Lender may,at its option.requi�e immediate puyment In full of all sums secured 6y
<br /> ttds Securtry Instrunicn� gfowever.thia option shnl!not be exer�cised by Leader if exen�ise is ptohfbIted by federal law as of
<br /> the dnte of this Securiry Irtsaument. '
<br /> if I.endc.r�exercises this option.Lkndcr sitnll give Borrower notice of acceletation. 'Ihe notice shail provide a period of
<br /> not less!han 30 days from the dnte the aotice is delivened ar mailed wic�in which Scmo�ver must pay stli sums se�ured by tt+is
<br /> • Sxurtry Instmmem. 1f Borrower fails to pay chese sums prior to tlie expi�atian of this period.Lender may invake any
<br /> recr�edies pertnttted by this Security Instrument without f�rtt�er nottce or demand on i�otrower.
<br /> Lli. Borrower's RigUt to Re[nstuta If Boirower meets certain condIdnns. Borrower shall have th�e right to have
<br /> , enforcement of thls Secudry Insuument diswnttnued at any time prior ro tha eariier of: (u)S days(or such other period as
<br /> Sing4c Famiiy--F1u►ntc Mat/EYeddM Mac[JN[FORM iNST1tUMENT-Unifmm Qoven.i�ts 9l90 fpags 4 oj6 pag�s)
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