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<br /> ��;�1 U0169
<br /> candQmnntkx�or othet wkinR af w►y pnrt of the P�opccty,or far conveyunco in lieu i�n.onc her�cDy as�i�ned�nd
<br /> sh�l!be pai�A to l.ende�.
<br /> tn Ihe event of a taal taking of thc Propeny. dic praceeds slwll bc appiied to the sumg socurcd by this Securlty
<br /> Inatrumaru.whcther or n�K�hen due.wi�h any rx��ess paid to Bomawer. In the ovent of a pac�i�l takin�{oi'the Prqxrty in
<br /> — which tqv.fair mukct value oi the Propeny immediutely before thc laking is equal to or grcater than the umount af the sum�
<br /> �ured by�his Security Inctnrment lmmedia�ely bePore�he taking.u�leav 8orrower und Lender other�vise ugree in wriling.
<br />�____ .__ thB aumA xecurcd by thix Se�:urily Instrumen� shall be rcduced by the wnount of Ihe praceeds multiplied by ihe folWwfng
<br /> � fractiar. (�l the totnl umount of Ihe tium:r+ecured immedis�tcly befae the taking.divided by(b►�he tair nwrkel vdur uf tt� �
<br /> Propchy i�nrt►edi�tely befarc thc talcing. Any balonce xhs�ll be puid ta Bom�wer. In the evcnt of u pnninl�ukfng oF the
<br /> --�� Property it►which the fair maricet value af the Property immediately before�he taking Is kss�hu��he amount of�he wmg
<br /> --- secured ir�m�ediately before the tuking, unless Borrower und Lender aherwise agree m wri�ing or unleas appllcuble Iww
<br /> � ahenvir,r pirovidts.U�e proceeds xhall be applied lo the sumx secured by this Se�urity Instrument whether ar nat the sums or�e
<br /> '�'�' th�n dua.
<br /> .�r:;a
<br /> __, _ :~'� Ii'tlw.PropeAy is ub�ndoned by Borrower,ar if.afler notice by Leoder to Bortower lhat the condemnor offen to md:e
<br /> - -- an nwwd ot�ttde a clafm far clamnges,Borrower fAils to respond ro Lender within 3Q duyg c►fter�he date the�otice is given,
<br /> r`:;� Lend@r iR autliorized to collect und apply�he proceeds,at it�option.either to restoration or repair of U�e Properry ar to Ihe
<br /> __.. _ .;� sumx secwed by this Srcurity lnsttument,whether or not then due.
<br /> -.--• �.,-� Unlue4 I.emler ond Borrower ahenvise agree in writing,nny upplicu�ion of pra:eeds to principal ,ludl not exrend or �
<br /> ° "�'� pagtpone ulwv due da�e of the monthly payments referred to in parugraphs 1 und 2 or chunge�he umount of such payments.
<br /> .,'� ll. Horrower Not Releasedt For6enrance By Lender Not a Waiver. Extenxion oi the time fw payment or
<br /> -= madii'�catian oP amottization of ihe sums secured by this Security Instrument grunted by Lender lo any successor in inteR�t
<br /> - -�°°'�_;".� of Borrowet shall not opernte to releuse the IioF�ility of the ariginal Borrower or Bornawere successons in iruerest. Lender �
<br /> --- shall not be mquired ta cammence praceedings against uny�uccessor in interest or refuse to extend time for pnymem or
<br /> "`�Y' othenvi�e rnodify amonization of the xumx secur+ed by this Security Instn�ment by re�.san of any demand mude by the origin�l
<br /> ----�• `- Horrower ar Bonaw�rF successon in in�eres�. Any forbearance by Lender in exercising any dght or remedy ahull nat be a _
<br /> `="':�y�. wuive�oE or preclude the exercise of any riRht ur remedy. -
<br /> -�_;� 12, �uccesaw'e st�d Assi�ns Bou�d;JoiM and Several Liability;Co-slgners, The covenunts and ugrecmems of Ihis
<br /> `=°•~�'�,-;� Security lnxtrument shall bind und benetit the successors und a+signs oi Lender und Borrower,subject to the provisions of =
<br /> -= puragraph 17. Borrowerk covenants and agneements shall be joint And several. Any Bortower who co-signs this Security
<br /> A
<br /> ""'�"' Insuumant but daes not execute the Note: lal is casigning this Security Instrument only to murtgoge,grnnt s�nd canvey thut -
<br /> _._,� . .
<br /> ---'�=��•- .. Borrowar's lnterest in the P�openy under the term�of this Security Instrumenr, (b)is not personally obligAted to pAy the sums
<br /> _i--°=_ secured by this Security Instrumenr,und(c1 ngrees that Lender and uny other Borrower may ugree to extend,modify. forbeur
<br /> .�._,...-•.��
<br /> --- -1-=,�_} . a make any accammcxiu�ions wi�h negurd to the termx of this Security Instniment or the Note wi�haut Ihot Borrower�
<br /> ° =�+� cocw�t-
<br /> -�,��a -=-- t3. Z.awn C�w+��. ii' tha io+ui �cured by this Secur.ty lnstrument is subjcct tu a !aw which ::ets m�ximnm loun
<br /> _'''' �' " ' charges.and IhAt IAw is finally ioterpreted tio thut the interest or other loan chsvges collected or to be collected in connection
<br /> �'{-'��`� with tf�e Mun excred the permitted limits,then: la)uny�uch loan churge shull6e reduced by the umnunt necessnry�o reduce .
<br /> ��'=''=`'�� thB charge to�he permitted limih nnd(b)uny sumx alrcady collected from Bomower which exceeded permitted limit� will be
<br />�-- "%n�.�• mfunded to Dorrawer. l.ender muy rhoose to muke thi+refund by reducing the principal owed under the Note or by m�ing u _.
<br />"-���f '�•�^- direct payment to Borrowcr. If u refund rcduces principal.the reduction will be ueAted ac u purtiul prep�yment wi�hout uny -
<br />'�'�'�'::.�``,.�:�;. pre{►aymcnt charge under Ihe Note. -
<br />---.°_�,��.� �• 14. Naices. Any notice to Bom►wer provided for in �his Security Instrument shall be given by delivering it or by
<br />'- -"'-°.}:�.�. mailing it by tirst class mni)unlesti upplicuble I•rw reyuires u�e of another method.The notice shull be directed to the Property
<br /> :s=�_y "-�� Address or nny other uddres.r Bortower de�ignutcs by noiice tc�I.ender. Any notice to Lender shull be given by first rlos,
<br /> ��,_+�'.."__-�r� mnil tn I Kndc►:ncidre...aned hcrcin or uny uther uddrcss Lcnder designutcs by nolice to Borrower. Any notice provided for _
<br /> �_�_�'y��,' in thiK Security Instrument zhull tx� decmed to h•rve been given to Borrower ar Lender when grvcn as prov�ded m this
<br /> _-- _ pa����. _
<br />'�';�' `" " 13. Coverning I.aw: Severablllty. This Security Inxtrumem .r•hull be govemed by federai I�w und �he law of�he
<br /> =�-.,-,,, juriwiiution in which the Propeny is lucated. In the event that uny pmvision��r rluuze of this Security Instrument or the Note
<br /> _�.c.,.o
<br /> - - canfliclx with applicublr luw,such contlict shull not aFfect othcr provi.iom of ihi,Srruri�y Imtrument or Ihe Note which cun
<br />;f-=`'''�:= br. given rffect wi�hout the contlirting provision. To�hi.end�he pmvisions of thi, Security Inv�rumem•rnd the Note ure �'
<br /> .'���=e.= declured to tx.ev�mble.
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<br /> �r:„, ., , ;' 16. Borrower's Copy. Bom�wer shull lx givrn one confortncd copy af the Notr und of thi.Security Insttument.
<br />;�,~.._ . l7. 'Mmster oP the Property ur u Beneficial IMerest in Rorrower. If all nr any paA of thc Property or any intcre�t in
<br /> . -_"��'=•� - it is suld or trstnsfcmd (�r if u benetirial imrn�t in Borrnwcr is sold or trunsfcrrrd and Borrowcr ix not c�nutural personl
<br /> .0.��'• , without Lend�r's prior wriucn ron�em,Lcnder may,m i�s option,reyuire imnkdiatr payim;m in f'ull oi ull sums secured by
<br /> �r��' • Ihin Securily Insln�mcnt. However,this i�tion shull not be cxerci�ed My Lender ii'rxercik ix prohibited by Yederal I�w a�of
<br /> �� :.,,. Ihe dutu of thix Security Instrumcnt.
<br /> ��; ,..-•.,� X If Lender excrciux�hix�iption,l.endcr.hall givc Borrawer noticc of acccicraiiun. Thc nntire shall provide a periad of
<br /> • . � fi'r�°�'� n�N luss thun 30 days fmm Ihe Jutr the nolice i�dclivercd i�r mailed within which Horrower mu+t pay•rll sums securcd by Ihi.r =
<br /> ,,,..� . `;'.;;i-t�;:. . Securiry lnclrument. If Borrowcr fuil,to pay �hc�e .um+ prior tu�he expirutiun i�t'this piriod. Lcndcr may invoke any -
<br /> , � �: remedies permiticd by Ihi�Sccurily Instrum�nt w•ithout funhcr n�itice ur demanJ�m Borr�»��er.
<br /> : .,'._��_,��', ; � IS. Borrowcr's RiRhl to Reinslute. If Burcuw•cr mrrls crnain condition., Born�wcr+hall huvc thc right to huvc
<br /> �". ' enf'm+cement ot'�his S�curity In+trument ditir�►ntinurd a�any timr priur tu�hr earlicr��t': lal 5 Juy.lor.uch uther period s�s
<br /> •�, .1 , tiin�:l.1•am�l�••F�nnk�1rc�Freddk�tac l'ti1FORSf 1\ti'1'Rl'�IF.\'1'--l�mmmi('��rcnant. vi7B i��r��.J�/w.e�•s1
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