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<br /> condemnation or otfrcr taking of any psut of the Pr�aperty�or fo.rcanvey�nco in lieu of cc►ndemnuton,aro hereby euignai and
<br /> shall be paid to L,endct. •
<br /> In thc cvent of a totsl wking crf tfio Peoperty.tho proceeds sh�li be applied to thc sums sccurcd by tl�is Socurity `
<br /> InRuument.whethcr or not thsn due, wtth any excess psid to Horrowu. �n the avent of a put}ul tnkjng of the in
<br /> which thc Pair merkct vatue oP the Ptvperty tmmediately befor+e the taWng is equa!to or gceaur than the amoant of�awns �
<br /> secund by thia Securlry Inswmcnt immedlntely before tho taiking,untess Borrower and Lendcr othe:wisa agne 3n writing,
<br /> tt�e suma secwtd by this Secu�Ity Cnsm�ment shell be nduced by the amaunt of the proceeds muit�plied by the following
<br /> fruc7lon: (a)the towl amount of tlx sums socured immedlately bcfore the talcing,divided by(b)ahe fair maricet velue of thn �
<br /> Ptoperty immcdintely beforc the taking. My hnlance shaU bo paid w Borrowev. In the event of a paatlal takinR of the
<br /> Property in which the fnir market vWuo of the Property immediately befora the taking is Iess ihan the tur�ount of r�ie aums
<br /> secw+ed immediately before the takiitg,unless Bortowu en8 Lender othenvise agree in wddng or unlsss appUcable law
<br /> otherwdso pmvidos.the proceeds shaU be applied to the sums secu�by this Security Insdument whether o�not the sums are
<br /> then due.
<br /> If the Property is ubandoned by Borrower,or if,nfter nodce by i.ender w Bmrower that the conderar►or offers to make
<br /> an awurd or settle u cluim for damages,Bomnwer fails to respond to Lender within 3U daya efter the date tha notice Is given,
<br /> Lender is authodzed to collect artd agply the prnceeds,nt its aption,either to restoradon or repair of the Praperty ar to the
<br />_ sums�ecureA hy this Security lnsisuraent,wbether or aot thea due. � -
<br /> Unlese I.�ender and Born�wer othenvise agree in writing,any applicadon of proceeds tq principal shall not extend or
<br /> postpone the due date of the montiily payments�+eferm,d to in paragraphs 1 and 2 or change the amount of such pAyments.
<br /> Il. Bonower Not Released; Forbearunce By Lend�r Not a Naiver. Extenston of the t�rae for payment or
<br /> modtfcation of umortizudon of the sums secured by thls Security Instivment granted�y Lender to any successor in interest
<br /> of Borrower ehaA nat aperate to mlease thc 11abIlity of the original Borrowcr or Bomower`s surcessors in intenest.Lender
<br /> shall not be requiied to commence prnxedtngs ugainst any successor In interest or refuse to exten�dme for pnyment or
<br /> otherwise modify amortizatlon of the sums secured by this Secauity Instcument by reason of any demand made by the origianl
<br /> . Borrower or Borrowerk�successors in interest. Any forbearan�by Lender in exercising any right or remedy shall not be e
<br /> waiver of or preclude the exereise of any right or remedy.
<br /> 12. Suocessors aud Assigas Bound;dolnt and Several LIaDUity;Co-signera The covenants artd agreementa of this —
<br /> Security lnsuument shall bInd and beneHt the successo�s and assigns of L.ender und Bonower,subjett to the provisions of
<br /> �ph 17. Boirowerk covanants and agneements shalt be joint and several.My Bom�wer who casigns this Security �
<br /> o �c bui daes aoi aFecute tiie Nc,ic: in)is�v-�igning fhis Secvricy tnswment only to mortgage.g�ant and convey that
<br /> 8orrawerk interest in the Property underthe terms of this Securiry 7natrument; (b)ls not personally obligated to pay the sums
<br /> secured by this Securlry Instrumenh and(c)ngrees that Lender and any other Borrower may agree to extend,modify.forbeAr �
<br /> or make any accommodutIans with regard ta the terms of this Security InsMiment or the Note without that Borrower�
<br /> consent.
<br /> 13. Loaz�Charges. If the loan secured by thia Security instrument is subJect to s law which sets maximum loan
<br /> charg@s.and that luw is 6nully intetpreted sa that the interest or otlxr loan charges collected or w be collected in conneadon —
<br /> with the losn exceed the permItted limits,then: (a)any such Ic�m�charge shall be reduced by the amount necessary to reduce
<br /> the charge to the pemiitted limiG and(b)any sums aiready collected from Borrower which exceeded pem�itted limits will be �
<br /> mfunded to Borrower. Lender may choose to make this refund by reducing the principsil owed under the Note os by meking a '
<br /> direct payment to Borrower. If a refund r�educes princtpal.the reducdon wiil be treuted tts n partial prepnyment without any �`
<br /> prepayment charge under the Note.
<br /> 14. Nodcea Any nouce to Borrower provided for in t�is Securiry Instrument shaU be given by deltvering It or by --
<br /> mafllng it by first class mail unless applicable law requires use a(anaher method.The notice shail be dit+ected to the Property
<br /> Address or any other nctdress Borrower designates by notice to Lender. Any notice to Lender shall be given by first class
<br /> maU to L.ender's address stated herein or nny other uddress I.ender desi�nates by natice to Bormwer. My notice provided for
<br /> in this Securtty Insm�ment shall be deemed to have been gi ven to Borrower or Lender when given as provided in this =
<br /> ParaBraPh. -
<br /> 15. Governing Lawi Severubility. This Sec�uity Instr�nent shali be govemed by federal lsw and the law of the
<br /> jurisdietIon in which the PropeRy Is locuted. In the event that any provisio�or cinuse of this Security Instniment or the Note
<br /> conflicts with applicabte lew.such conflict shall nat affect othe r provisions of this Security Insm►ment or the Note which can
<br /> be given effect without the conflicun�provision. 'Ib this end th�provisions af this Security Instrument nnd the Note ute
<br /> decla�ed�o be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Se�urity Insw�nent. •
<br /> 17. 1ti�ansfer of the Pwperty ar a Beneflcial Interest in Borrower. If all ar uny pait of the Property or any interest in
<br /> it ia sold or transferned(or if a beneficial interest in Borrower is sold or uansfern:d und Bomower is not u nutural petsoa)
<br /> without Lender`s priar wdaen consent. Lender may.at its opdon,require immediute payment in full of ull sums secured by
<br /> this Secwity InstrumenG However,thts opdon shall not be exe rcised by Lender if exercise is prohibited by federul!uw as of
<br /> the dnte of thia Security Inawmen�
<br /> IQ'Ixnder exercises this option,Lender shall give Horrower notice of uccelerat�on. The notice shall provide a period of ..
<br /> not less than 30 days from the date the naice is delivered or maile� within whlch Borrower must pay all sums secured by this
<br /> Szcurity Instrumen� If Borrower fails to pay these sums pnor to the expiratlon of thls period. i,ender mny invake any ��.
<br /> . remr.dies permltted by this Security Instsument without fuether notice or demnnd on Borrower.
<br /> 1& Borrower's Right to Relnstate. If Bormwer mects cectnin condirions, Bo�rower shatl have the ri�ht to have
<br /> enforcement of this Secw�ity Insdvment discontinued at any tirne prior to the earlier of: (a)S days(or such other period us
<br /> ' Singio Family--Fanate Mne/4Yeddte Moc UlVIFORAt INS'fRUN/L+NT—Uniform Covenonu 9/9p (pQgt 4 of 6 pogesl
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