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<br /> condemnetton or other taking of nny part of�he Property.or for conveyence fn lieu of condemnation,ane hereby assigned and
<br /> ehall be QaId to Lsnder.
<br /> In the event of a toml tnkinr of the Property.the praceeds shall be applted to tha auma secured by thts Secu�lty
<br /> lnatcument, whether or not then due.wlth any excess paid to Borrower. In the eveat of a partial uiking af the Propecty ln
<br /> which tho fdr murket vrilue of the Prope�ty immedIauly before the taking is equs!to or greater than the amount of thc sums
<br /> secured by this Securiry I»strum�nt Immediutely befare the tsticing,unless Bomower and Lender otberwtsc agree in wdt�ng, _.
<br /> the suma secured by th[s Securtty Inauument shall bo reduced by the amow�t of tha procecda multiplted by the following -_
<br /> tmcdnn: (a)the total amaunt of the swns secumd immediately before the taktng,divlded by(b3►!ia fair maIIket value of the =
<br /> P�+nperty immediutely before the taking. Any balnnce shal!be paid to Hoirower. In tha event of a g:uIIdsil tAking of t�e
<br /> property in which the fair mnrket vctlue of the Property immediately before the taking is t¢ss tban the t►m�unt of the sums _
<br /> secured immedlately bofore the tsking, unlas Borrowes and I.cnder athe�wtse agree in vr�iting or unless applic��lc G�►�r
<br /> othetwtse pmvldes,the proceeds shall be appped to the sums seaured by this Security Instnor�nent whether or aot the sums r�r�
<br /> then due.
<br /> If the Ptoperty is abandoned by Hormwer.or if.after nAdce by l.endor to Borrowet that the condemnor offers to make
<br /> an awrud or settle t►claim for damegea,�otmwer fails w respond to Lender wlthin 30 days after the date tho norice is�iveo,
<br /> Lender is authorized to collect and apply tho proceeds,at lta opdon,eittier w restomtion or repair of the Property or ta tho
<br /> sums secuved by thts SecurIty Instrument,wliether or not then due. �
<br /> Unless Lender and Horrowet othenvlsa a�ee in wriGng,any applIcatioi�of proce2ds ta princ�pat shall not extend or -
<br /> postpona the due date of the monthly payments tefe�ed to in paragraphs 1 un�2 or change the amount of suc�►payments.
<br /> !1. Borrower Not Reteased; For6eara�ce By Lender Not a Waiver. Extensiqn of che time fm payment or
<br /> modif�arion of amortization of the sums secured�:this Secur3ty Inawment grunted by L.ender to nny suc¢essor in interest
<br /> of BorS�+tiver ehaU not operate to q�9�iue the liablllty of tha,ari,girial Bormwer or BorrawsP�s successors in�nteres� I.e.nder
<br /> abatl n��be requi�d to comme�F��iruceedings ngttlnst any,�uca�ssor in interest or ratlegc to extend time for payriient or
<br /> ,. otherwise modify am��tizadon of tha suma sawped 4�i this 5ecurity Instrument py reacon of t�uy demand made by tha ai�ginal
<br /> Bortower or Borrawerb successors in lnterest• 'Aro�farbearance by Lender id eXercls�nng any dght or remedy shall not�ie�
<br /> � � walver ot or preclud����xercise of any right or rerpedy. .• • ,
<br /> �� 12.Successors i1ra�Assigne Bound;loint and Several Y.tab[tity;Ca+'slga�ra. 'Fhe covensnts and ageements of.tbis
<br /> Security Instrument§haii bind and benefit the successoxs and ussip,ns of Lender and,Harrowcr.subject w tho proviEidra�'of ,
<br /> parag�pli,�7.Borcaw¢r� �ovenunts and agreements shall be f oirit and several.Any�dr�rower who casigna this��cuxiry .
<br /> �nswrrient but daes nzii�r.xecute the Note: (a)ns ed-aigriing t6eis Sec4ri�5►Instrument o y t0 moctgage,grant and Ca�'�ey� .
<br /> . ;.��Bor�izr'�interesrin't���rOperty under the tesmns o�''tliis Secuxity Insttumer�t; (b)is nat person�ily oblig�ted.zo p�Y a+�sw�s �
<br /> , .,,:�wesd by this Securlty Insttument;s►nd(c)ega�ees lhat Lender nnd any other�3omower rr�y'Ag�e to excend,maciify,'fui�heat � ; �' .
<br /> or mukc any nccommodattons wiah ngard ro the tenna of this Secudty Insuumeat or a�e Note,without tli�at H�azc�iver's ,'�.�,:'�'�
<br /> consent. '
<br /> �3. Loan Char�es. If the loan secured by this Security Instrument is subJect to a law whlch sets maximum loen
<br /> charges,snd that law is finally int�rprecsd so that the intereat or other loan charges colleeted or to be collected in cotutection
<br /> with tho loan exceed the pemdtted limits,then: (a)any suc8►loan charge shall be reduced by the amount necessary to nduoe
<br /> the charge to the pennitted Umi�aud @)any eums already collected from Sorrower whlch oxoeeded permitted Iimits wW be
<br /> refunded tQ Bor:ower. Lender may choose w meke this�efund by redu�ing the pdncipal owed under ti�e Nou or by making a
<br /> �linet payment to Bomnwer. •lf a rofund coduces priuicipul,the raiucdon wtll be tc�eated as a partial pnpaymens vv�thout uny
<br /> pnpuyment charga under the Note.
<br /> 14. Notkes. Any nodce to Bomower provided for in thls Securtty Insuument shall be gtven by delivering it or by
<br /> meiling It by fust ctass mail unless applicnbk Iaw Kquires use of unother method.The nodce shall be directed to the Pi+nperty
<br /> Addross or any other address Borrower deslg�otes by nodce to I.endor. My nmNa to Lender shaq be given by fitst cless ..
<br /> muil to Lander's addcess st�ud herein or any other address Lender deslgnates by nadce to Bomnwar. Any notico provided for
<br /> in this Securtty Instcument shall be deemed to have becn given to Botrower or Landcr when given as provided in this
<br /> P��Pb•
<br /> ls.Governing Lsw;Saverabiltty. This Security Tnstrument shall !�e govemed by federal law and the law of the
<br /> jurisdicdon in which the Prope�ty is lacuted.In the event that nny pmviston or clause of thia Security Insuument or the Note
<br /> conflicts wtth applicable luw.such conflict shali not affect other pmvislons of thls Security Instnsment or the Note which cen
<br /> bo gtven effect without ttxe confllcting prov(sion. 'Ib this end the pmvisions of this Sec�utry insuument and the Note ure
<br /> @eclered to he�everable.
<br /> 1� Borrower's Copy. Borrower shaU bc:given one conforn►ed copy of cho Note sind of this Security inswmant.
<br /> 17. 7�nsf'er of the Property or a Senef'ictf�l Interest tn Bocrower. If all or any part of Ne Propcity ar any inter�st In
<br /> tt is sold or transfetred(ur if a benettctul interest in Borrower js sold or transfernd and Borrower is not a nusnral person)
<br /> without Lender�pdor written consent,Lender mny�at its option.nquire Imme�inte pnyment in full of all sums secured by
<br /> thls Security Instcument However.this option shull not be exerclsed by Lender if exenise is pmhibited by federnl law as of
<br /> t1�e dute of this Security Instnunen�
<br /> If Lender exenelBea this optian.Lender shall give Bomower notice of ucceleradon. The noflce ehall pmvtde a period of
<br /> not less than 30 dt�ys fiiom thv duro the noucx is delivered or m�iled wfthin which Bomower must pay c311 sums securcd by this
<br /> Security Instrument. If Borrower fails to pay these sums prior to dte expiradan of thts period,Lender may tnvoke any
<br /> remetlles pem►iteed by this Security Insdument wIthout further notice or demand on Bornower.
<br /> ' 1& Borro�rer's RIgh3 to Etel�nutnM. If Boirower mcets rem�condidans,Bmrower shnll have the�ght to heve
<br /> enfon�ement of thia Security Insuument disoondnued at eny time prior to the carlier of: (a)5 dnys(or such other perind ns
<br /> , 5ingle Camlty»F�nnk MulFYtEdte Mac UNIFORM lNS'f'itUMBN'f»Uniform Covenanq 9/90 (pogt4 oJ6 pagr:)
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