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<br /> � . candemnu�ion or aher lnking of any part of Ihe Property,ar for cunveywu�e in lieu ui condemrwlion,ur hereby ausai�nod and
<br /> ch�ll be puid to Lender.
<br /> ? In Ihc cvent of a lotul tuking of the Propeny.the proreeJ+ xholl bc upplied to the sums ��cured by this Security
<br /> ��� Insirument,whcther ar nnt then due,wflh any excesx paid�o Bormwer. In ihe even�af u punial t�ileing of the Prv{�ny In
<br /> � _ '!,� which ihe fair market vuluc af the Praperty immediutely l�efare the�uking ix eyual to or grcuter thun the amount oithp.s�uma
<br /> ------ secured by this:Security Imuument immediutely befarc the�nking.unlesc Borrower und L.ender oiherwise agrec in�vriting,
<br /> �� the sums secured by this Se�:uriry Instrument +Aull be redured by the amaunt af the pror.eedx multiplieJ by the following c
<br /> 6-cx�iun: lu)�he wtul amuunt al'Ihc sums sccured immedintcly hefnre�he taking,divided hy Ibl�he fair murkel value af�hc
<br /> - ,N`:�.jj Property immediately before the taking. Any balunce shall 6e paid�a Bormwer. In the event of u pnrtial wking of the
<br /> � Propeny in which the fair mu�ke� vAlue of the Propeny immediutely before ihe toking ia legs than �he amouol of 1he sums
<br /> ��-"=- secured immediatcly beforc the�uking, unless Borrower und Lender othenvi�e Agnee in writing or unks4 applicuble luw
<br /> - -" -" otherwiae providew,the proceedx shall t�e applied to�he wmx�;cured by thi.Security In.�trument whether or not the sumr are
<br /> '�°�''���,'•'� then due.
<br /> -- `---"��� �: If Ihe Propeny is ub�ndoned by Bortower,o�if.ufter aotice by Lender to Borrower thut the candemnor oifem to•make
<br /> ��=���Y=�. un uward or scnlc�cluim fi►r Junia�ts,Bonowcr fuils�o re.pand to Lender within 30 d�yc ufte�the date ihe natice is given,
<br /> —���'��-�'' , Lender is uu�horized to collect ond apply the proceeds,at its aption,ei�her to restomtion or repair of the Property or to the
<br /> ---_�-��"� `� xum�secured by this Security Ins�rument,whethe�c�r not then�lue.
<br /> ---- -- Unless Lender und Sorrower oihcrwise ugme in writi��g,any upplicAlion of proceeds ta princi�l shall not extend or _
<br /> '�,;.(``Y postpcme the due date oi thr mcm�hly payments reterred to in parugrnphs I und 2 ar ehunge the amount af such paymen[s.
<br /> ---� • 11. Borrower Not Releasedi Forbearance By l.ender Not a Wuiver. Extension of the time for payment or
<br /> ;:M;�;;�,•��r• madificatiun of anonixutfon of�he sums secured by Ihix Security Ingtrument granced by Lender ta Any successor in in�erest
<br />. _�. �����u��:` of Bortower shall not operute Ia rele:�tie �he liability of�h�originul Borrower or Borrawer�successorK in imerest. Lender
<br /> �:�`�. N^ xhnll not be required to commence proccedings ugainst uny succetiwr in interest or refu+e w extend time for payment ar
<br /> � �- ; otherwise modify umortixAtion of the sums secured by this Security Instrument by reusan af uny demAnd made by the origin�l
<br /> :�`���'' �%'• � Borrower or Barrowerw succeswr,in interext. Any forlkarunce by Lender in exercitiing any right or remedy xhall�ot be u
<br /> .�-�-���" wuiverof or preclude the exerci�e of uny�ght ar remedy.
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<br /> ��i�:: 12. Successorn and Arsigns Boundi Jolat and Severul l.lability;Casigners. The cavenanls und ugrcements of this
<br /> -"'„�'^�— ,,'. ��� .. 5eruriiy Instrument shall bind and t�enetit Ihe wrcexsors uni!avsigns of Lender and Bormwer, subject to the provisians of _
<br /> - � .5,. " pnrAgmph 17. Bonower5 covenonts und ugreements sh:dl be joint und xeverul. Any BoRawer who co•xigm this Securny
<br /> _�--•�_'��- '' lnstrument but dnes not executr the No�e: lul is ca-signing this Security Inslrument anly to mortgage,grnnt und wnvey that
<br /> - �---''w'i��•-���, Borrowar i interest in the Propeny under the ternix of�his Sccurity Ins�rumenr. (b1 ix not per4onully obligaled to pay the sums
<br /> -'���r�ti�`������ secured by this Security Insmiment;and(cl Ugrees that Lendrr and uny other Borcawer muy ugree to extenJ,maiify,forbear
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<br /> -° -�-- ���'=�� � or make Any accommadutions with regard ta ihe �ertnx of �htx Securiry Im�rument or the Note without �h�t Borrawert
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<br />����r_ '.'' � y�!.`�•+�:.. con�enl.
<br />_ - �•�� ''`' !3. Loan C!lerge�v. ►f the loan secured hy Ihi+ Securily In,trument is wbjecl to u luw which sets muximum lavt
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<br /> � ' chargex,:uid thut law is finally intcrpreted xo that Ihe imerest or other loun churges collectrd or ta be collecced m connection
<br /> '', ti�:� • �;;;;;r���Y=� � with the loan excecd Ihe permitted limits,then: la)uny such loan churge shall be reduced by�he umaunt necessury to reduce
<br />�I�:� , ���1.t,{E.;` the charge to the pertnitted IimiC nnd(bl any�ums ulreud�•collerteJ from eorrower which exceeded permitted ifmitx will be
<br /> .����"I''1,.� �� refunded to Bormwer. Lender muy chcx�xe�o makc Ihis refund by reduring the principal owed under�he Note or by m;�king u
<br /> �. �:` ���,.�•Es',;r'�
<br />_ � a t��rr;,•.:;;;}. ' . direct puyment to BaROwer. If n refund rcduce�principa�,the reduction will be treu�ed us u panial prcpnyment wi�bnut any
<br /> '�'•,.ti� '� �,�5� . ..,� prepAyment charge under the Nate.
<br /> '������� '� ;;��^�'•` 14. Notices. Any notice lo Borrowcr pruvidcd 1'or in �his Sccurity Instrumcnl shull bc given by deliverins it or by
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<br /> `' ([ mailing it by Frst cl:�.r•s m:ul unkss applicaM�law reyuirrn u.c uf another�mthal.Th�naice shall be directcJ ta the Propeny
<br />���•" �•";�tr`':�, Address or uny ather uddreti+ Barrower de,igna���by noticr io LrnJer. Any noticc[o Lender xhall be Siven by fint cla�s
<br /> ' •�`�(�ltt���'��• muil �o Lendrr:uddre++ti�uted hercin or any utlu�r aJJre..I.enJer dctiignute�by notice ta Borrowcr. Any nuiice provideJ for _
<br /> ���'.��`1^� in thi�Security M.trumcnt +hall tx Jeemed �o huve tkrn �!iven to Borrower or Leade� When given oz pmvided in �his
<br /> _� .. �:��-' - parugr�ph. _
<br /> ' " .µ.�•�� IS. CoverninR Law; SeverabUity. This Security In,trumem shull bc govcm�:d by fedcrrl luw und the luw uf ihe
<br />..�„ .� •o Z.S�':.�,.
<br /> � •Y JR„�,ti� jurisdiction in which�he Propeny is located. In the evrnt thut uny provi.i�m or clause af this Srrurity Instrumrnt ur the No�e -
<br /> �_ ;�. ts'' f��. v conflicls wilh applicuble law,such cimtlicl shull n����ifferi other pr�wi+i��m o(thi�Securiry Instrumcnt or Ihe Notr which cun
<br /> � , I,e given effect without the c.mflicting provi.ion. To this end�he pnwi.inn�of thi�Securiry Inrtrument und the Note a�
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<br />- � *� declared to lx severablc.
<br /> •-_�-��"�.• '�;�°i ° • . 16. Borrower's Cop�: H�xrowrr�hall tx gi��rn unr confom�rd rapy of Ihc Not�and uf thi,Srcurity Imtn�ment.
<br /> � 17. 'I�ansPer of the Property or u Beneftciul lnlerest in Borrower. II'aU ur uny purt uf thc Pm�xny or any interest in
<br />;�,s; � ;��� it is xold or trunxfrrred lor il'u t►c�kl'icial inlcRtit in Bom�w•er i. .uld or tran,l'erred anJ Biircowrr ix �w� a natur,�l personl
<br /> �l'�` ' withoul Lendcr's prior wrilten con�ent.Lendrr m+�y.a1 ii�uption.rcyuirr immcJia�c paymem in full of all .um+�ccurcd by
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<br />-- •. . thix Securily Inslrumrnt. Howevrr.�hi+opiion+hull not he rxerei.rd by l.endrr it'rxrrcise i�prohibited by frdrral luw asoi'
<br />=j,>.�! • , the dole oi'Ihis Sec:urily In+lrument.
<br /> . ° I(Lender exeni.rs thi���plion.Lendcr.hall gi�r Ri�rrm�rr notire uf arcrlcratiix�. Thc ni>tice.hall provide a peri►�d of�
<br /> " „ � � not Icss than�ll days from the Jutr thr n�wirr i.JrlivcrcJ�►r muilad a•ithin whirh Barwwer mu,t p:q�all,unri,ecured by Ihi�
<br /> . Security Imtruntenl. If Burrowrr fail, tu p+iy thc.r tium. pri��r lu �h� rrpira�i�m uf thi� peri�xi. l.rnder may invokr any
<br /> '�"`'� remcdic.pertniucd My�hi,tircuritp In�trumrrn withnul funhcr nulirc ur Jrmand�m B�,rmw�r.
<br /> ' •:5�,:;' . 1$. Borrower ti Ri�ht tu Reinstutr. It B��rro��rr mrc�. rrrtain canditiun,. Barm�«r ,hs�ll hc�vc Ihr right ro havr
<br /> ,a'.,' � . enf�rcemem at'this lecurity In.trumrnt Ji+cuminued:u any tinir priur t�,the earlirr ot': Iu1 5 daq��lur.u�•h other periixl as :
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<br /> • �' Sin}k I�arod� ••Fannir\lue/Freddlc�1w l XIM'OK�11��TIiI'\IF:\'1'--l'nd�nm('���.n�un, 9�40 qx��ra��/n�w�¢e�i
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