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<br />200707602
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<br />In the event of a partial tilking, destruction, or loss in value of the Property ill which the fair market value of the Property
<br />illllllcdiatcly before the partialtakillg, destruction, or loss in value is equal to or gr<:ater than the amount of the sums s<:cllr<:d 11Y
<br />this S<:l,mity Instrument immediately bcti)re the partial taking, destruction, or loss in valne, unless Borrower and LA:ud<:r
<br />otherwis<: agree ill writiug, the stuns secured by this Secnrity Instrument shall be reduced by the alllount of the Misccllancons
<br />Proceeds mulliplicd by thc following fraction: (a) the total aIllOlllll of the sums secured illnnediatdy bd'-ore the partialtakiug,
<br />destruction, or loss in value divided by (b) the fair market value of the Property immediately before the p,lrtia! takillg,
<br />destnLctioll, or loss iLl value. AllY balance shall be paid 10 Borrower.
<br />III the event of a partialtakillg, destruction, or loss in vallie of the Prop<:rty in which the fair market valll<: or th<: Property
<br />illullediately before the parti,d taking, destruction, or loss in vallL<: is less than the amount of the stuns secllred illlulediate!y
<br />before the partial taking, destruction, or loss in value, ullleSS Borrower and Lender otherwise agree ill writlllg, tlK
<br />MiscellaneOIlS Proceeds shall be applied to the stuns secured by this Security Instrumcnt whether or 1I0t the Silins arc
<br />Ihell dlle.
<br />If thc Property is abandoned by Borrower, or if, after notice by Lcnder to Borrower that the Opposing Party (as defilled ill
<br />Ihe lIext sentence) oilers to make an award to settle a clnilll for damages, Borrower fails 10 r<:spoJl(1 to I.enller withiLI ~\O days
<br />:11'\\:1' Ih,: d:lte thL: IlotLce is giwII, Lellder is authorized to collect alld apply the Miscellaneous Proceeds either to restoratioll or
<br />rcpair of the l'roFcTty or to the sums secllred by this Security Instrullleut, whether or 1I0t then clue. "Opposiug Party" IIlc'allS the
<br />third party thai owes Borrower Miscellaneons Proceeds or the party againsl WhOlll Borrower has a right of actiun ill l'e)'.,1I"(1 to
<br />Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or crilllinal, is begun thaI, in Lender's j\L(l).!nlent,
<br />could rcsult in forfeiture of the Property or other material impairment of Leuder's interest in the Property or ri).!hts ullder t.llis
<br />Secllrity InSlrtlntCIlt. Borrower Cilll ellre such a default and, if acec!enllion has oeenrred, reinstate as provided in Seetioll I'). hy
<br />causing the actioll or proceeding to be (liSlllissed with a rnling that, ill Lender's juclgment, precludes for!'citure or the P['operty
<br />or otller Inilterial Ilnpainnent. of Lender's interest in the Property or rights under this SecILrity Instrument. The proceeds or any
<br />i1ward or clailn for damages that are attributable to the impairment of Lender's interest in the Property are hereby assiglwd and
<br />sllall he paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the onkr
<br />provided for in Section 2.
<br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension or tile tinle for paynlGnl 0['
<br />Lnodirication of anlOrlization of the sums secured by this Security lnstrumellt granted by Lender to Borrower or any SnCe\:.,SOI'
<br />ill Interest of Borrower shall not operate to release the Iii\bility of Borrower or any Successors in Interest of Borrower. Lelldel'
<br />sludl nor he reqllil\Xlto conllllence proceedings agaiust any Successor in Interest of Borrower or to refuse to extelH.I time for
<br />payment or otherwise modify amortization of the stnns secured by this Security Instrument by reason of ,lilY dellland Ilwcle hy
<br />t.he original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any ri;dlt or renledy
<br />including, without limitation, Lender's acceptance of payments from third persons, entilies or Successors in Illlerest or
<br />Borrower or in amounts less tlHln the amount then due, shalluot he a waiver of or preclude the exercise of any nght or remedy.
<br />13. Joint and Sevl'ral Liability; Co-signers; Successors and Assigns BOlInd. Borrower covenants illld al'['c~es Ihilt
<br />BOITOWel"s obh).!:ttioLls and liability shall be joint and several. However, any Borrower who co signs tins Sec[lrily ILlstlllnW[)t
<br />hLlt docs nOI execllte thc Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant Wid convey the
<br />l.'o.si).!ner's inter\.',t in the Property under the terms of this Security InstnnlJent; (b) is not personally obligated to pay
<br />Ihe slims secured by t.his Security Instnllllellt; and (c) agrees that Lender and any other 110I1'ower can i1Wee to extl~lld,
<br />modify, forbem or make any accommodations with regard to the terms of this Security Instrument or tile Not~ witllollt tilc
<br />co-signer's consent.
<br />Snbjeet to the provisions of Section 18, auy Successor in Interest of Borrower who assumes Borrower's obli).!,\tiolls lindeI'
<br />this Security InstrumeLlt in writing, and is approved by Lender, shall ohtain all of Borrower's rights and hendits umler tllis
<br />Security lnstnllllellt. Borrower shidlnot be released from Borrower's obligations and liability 11[)der this Scclirity Inslnlllwlll
<br />Indess Lender agn:es to snch release in writing. The covenants and agreements of this Secllrity InstnLI1lUlt shall billd (execpt as
<br />movided ill Sl,ctioll 20) and benefit the successors Hnd assigns of Lendcr.
<br />14. Loan Charges. Leuder may charge Borrower fees for services performed in connectioLI with Borrower's dd,lL!\t, ror
<br />the pllrpose of protecting Lellder's interest in the Property and rights nnder this SeClirity Instrument, including, hilt 1101 IlInikd
<br />to, attorneys' fees, property inspection and valuation fees. In regard to ,\11Y other fees, the absence of express authority in this
<br />Security Instrul1lent to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of sueil ke
<br />I.ellder IIlaY not char).!e fees that :Ire expressly prohibited by this Seellrity Instnnnent or by ^pplieahle Law.
<br />II' the Loall IS subject to a law which sets maxil1lumloan char).!es, ;md that law is finally illt~rprcted so thallile ink['e,! or
<br />other Inall charp.,:s eolleet~d or to be collected in connection with the LO:lLl exceed the p~nllittcd lilnits, thc'n: (a) ;IIIY slleh IOilLI
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<br />:--IEllHi\SKA--Sill."k Fatllity F.wnie I\hw/Fr<~ldle M:;l<' UNIFORM INSTRUMENT
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<br />Forlll.\I)Z81J(})
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<br />llllFATl.AN lJ .
<br />In Dnh:r Call: 1.800..530..93930 fax: 61Ii.1'1I.1131
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<br />ITEM T26981.8 (03081-MERS (Page X of' J 2 /h1g"")
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