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<br /> condemnatIon or other takjng of any part of the Property.or for conveyunce in lieu of condemnation,aro hereby usaigncd and
<br /> shall be paid to Lender.
<br /> In the event of a totnll tnking oP tlia Pt+nperty. the praceeds ahall be applied to the sums secured by this Security
<br /> Irstrumen�whether or not then due,wIth nny excess paid to Borrower. ln the event af a partial usking of the Property in
<br /> vehlch the fuir market value of the Rroperty Imn�ed�ately before tiie taking ib cyual to or gmater than the mnount of th�sums
<br /> securtd by thla Security Inawment lmmediately before the taking. unlesa Borrower and Le�ider otherwlse agree in wrltln�,
<br /> tlis sums secured by thts Security Insttument shall be nduced by the amount of the proceeds multlplted by the following
<br /> fraction: (n)the total umount of the aums secured Immediutely beforc the taking,divided by(b)the fair marlcet velue of the
<br /> Pmperty immediately befors Uie taking. My bnlance shall be paid to Bosrower. In the event of a partial taking of the
<br /> Pmperty in whlch the fair murket value of the Property lmmedtately before the taking is less than the emount of the sums
<br /> secuced lmmediately before the tak3ng, unless Borrower and l.ender otherwlse agee in wrlting or uoless appUcable law
<br /> otherwise provides,the proceeds ahalt be applied to the suma secured by this Security Instrument wheWer or not the sums are
<br /> then due.
<br /> If the Property is nbandoned by Borrower,or if,after notice by Lender w Borrower that the condemnor offeis to make
<br /> an swerd or settle a c1aIm for darnages,F3otrower fatla to respond to Lender wlthin 30 days after tha date the notice is�iven,
<br /> Lender is authorized to collect and apply the procc�ds,at its option,either to restoratlon ar repair of the Property or ro the ,
<br /> sums secured by this Security Insdument,whether or not then due.
<br /> Unless Lender and Botrower otherwise agoee in wrIting,any application of proceeda to principal shall not extend or
<br /> pastpone the due date of the monthly payruents refermd to in parasraphs 1 and 2 or change the artouut of such payments.
<br /> 11. Borrower Not Released;Forbeara�ce By [.ender Not a Watver. Extension of the time for payment or
<br /> cnodlfication of atnortizadan of the sums serured by this Securlty Instnunent granted by Lender w any successor in irttereat
<br /> of Borrowe�shall not operate to c�elease the Ziability of the or�ginal Borrower or Bmrower�s successors in interesG Lender
<br /> shall not be required to commence proceedings a�atnst nny successor in interest or refnse to extend time for payment or
<br /> otherwise madlfy amortiwt�on of the sums secw+�!by this Secudty Instrumant by reason of any demand made by the origInal
<br /> Bormwer or Borrower's successors in interest. Any forbearance by 1.ender in axercising eny right or reme�y shali not be a
<br /> waiver of or preclude the exerclse of any right or i+emedy. •
<br /> 12. Suocessors and Assigns Bound;Joiett aad Severnl Ltabllity;Co-signers. 11ie covenants and agreements of this
<br /> Security Instrument shall bind and beneft the successo�s end assigns of Lender and Borrower.subject to tha ptovlsions of
<br /> 'paregraph 17. Borrowerk covenants and agcecments shali be jolnt and saveral.Any Borrower who casigns ttds Security
<br /> Insuument but does noi execute the Note: (a)is co-slgning this Secudty Instniment only to mortgege,grant snd convey that
<br /> Botrower's interasi in the Property under the terms of this Securlty Insuument; (b3 is not personaily oblisated ta pay the sums
<br /> sec�sr�d by thls�urtiy In^otsu:sseni:aAd Lcj agre�shat I.emler�aay ather Bosr�s�er me�sgee to ezteud.mo�;,fflrbear
<br /> or make any accommodatlons witt�regard to the terms of this Security Irisavment ar the Note without that Bmrower�s
<br /> consent.
<br /> 13. Laan Charges. If the loan secured by thIs 5ecurity Insuurz�ent is subject to a lew whicb seta meximum loan
<br /> charges,and that law IR finally interpreted so that tha interest or ather loan ch�uges coAected or to be wllected in cor�t�ecdon
<br /> with the loan exoeed the permitted IImtts.then: (a)nny such loan charg�e shall be�duced by the amount necassary to reduce
<br /> the charBe to the permiaed lImir,end(b) any sums already collected from Botrower which exceeded pe�mttted limits wiU be
<br /> �funded to Borrower. Lender may choose tn make this refund by reducing the principal owed under the Nate or by making a
<br /> dire�t payment to Bomower. If a refund reduces pdncipal,the reducdon wUl be treuted as a paKiel prepayment without eny
<br /> prepayment charge under the Noto.
<br /> 14. Notices. Any notlGe to Bo�rower provlded for In this Securiry Instzument shnil be piven by deltvering tt or by
<br /> mailing it by first clnss mnil unless appllcable taw requires use of another method.The notIce sha116e di�cted to the Propeny
<br /> Addc�ess or any other address Bomo�ver deafIInazes by nodce w Lender. Any nodca w I.ender shal3 be glven by tirst class
<br /> mail to I.ender's address ataud herein or 3ny other address Lender desipnares by natIce to Barrower. Any notice provided for :
<br /> In this 5ecurlty Inst�ument ahail be doemed to have been given to Pforrower or Lender when given ns provided ln this
<br /> P��P�
<br /> 15. Goveraing LAw;SevsrabUtty. '[1�Is Security Instrument shall be gavemed by fedeial law and the law of the
<br /> � jurisdicdon in which the Property!s locnted In the event that any pmvjsion or clause of this Securlty Insmument or tho Note
<br /> contlictn with applieable law,such confll�ct shall not affect other provlsions of this Security Insuument or the Note whtch can
<br /> be given effect wjthout the contltcting provision. 'Ib this end the provisions of this Secur�ty Insnument tand the 1Vote are i
<br /> declaz�ed to be sev$rable. .
<br /> 16. Bor►�ower's Co�►y. Boirower shaU be given one confonned copy of the Note and of thts Security Instrument. j
<br /> 17. 7�auster ot the Property or a Bene�ici�i Intrrest in Borrower. lf att or any part of the R+nperty or eny incerest in ,
<br /> it is sold or mmsfemed(or if a beneRctal interest tu Borrower is svld or transfemed aitd Bomower is not a naturnl person)
<br /> without Lender�s pttor written consent,Lender may,at its optiott,c+equire immediata paymeni in fuil of all sums securetl by �
<br /> this Security InswmenG Hawever,thls opdon shaA not be exercised by Lereder if exercise is prohibited by federai Isw es of
<br /> ' the date of this Security Inst�umen� '•
<br /> If Lender exercises this o �
<br /> ption.Lender shaU g,ive Barrower nodce of acceleration. The notice shall pmvide a per�od of �
<br /> not less than 30 daye fnom the date the natice is delivened or muiled within which Borrowee must pay all sums secuied by this
<br /> • Security Inshument. [f Bonower fat)s to pay these suma prtor to the expiratton of this period.L.ender may invoke any
<br /> r�medIes petmitted by this Security Instn�ment wtthout futther notice or demand on Bomower. �
<br /> 18. Bormwer's Right W Relnstute. If Borrower meEts certein wndlNons. Bom�wer shafi have the right to have �
<br /> enforcement of this 5ecuriry Insuument discondnued at any time prIor to the earlier afl (a)S dnys(or such other period as �
<br /> �
<br /> Single EBmily»F�umte M�e/FYeddie Mec UNIFORM INSCRUMENT-Uniform Covenent� 9l90 (page 4 of b pagea) �
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