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<br /> cademna[i�i or�her titiag of anjr p�ct af the P�operty.a for conreyance io titu of condemna�iae.a�e l�ebY usi8ned�nd ` .
<br /> ah�ll be p�id tol.e4dec• ` -
<br /> ' � I�i thc even[ of a ta�"ai t�king of.d�e PiopeKy. the pr�acxeds shait bp applied to the sums sauKd by this Sacur�ry
<br /> ' �tut�p�t.v�kti�er or aot ttien due.with�ny excess paid to Borrower Ia the event of a parti�!talatig of the Ptvperty�in ,
<br /> which tpe fair m�tsica v�luc of the PmPerty immediuely bcfart tt�e iaking is equal to ar grea�er than the amoaa!of t1�e sums
<br /> , secu�i by this Security Instimsunc immediatdy beforc tlte t�ing,unless Aorrower xnd.[.ender othenvise.agree in writi�
<br /> the stuns saured by this Secudty tnst�ment shai!be aeduced by the amount�f the pmc�s mulsipti�by tha following
<br /> 6�ctinn: lal the totai art�ount of tbe sums secumd immediateIy 6efore the takn►g.divided 6y tb)the fair maricet value of the
<br /> Q�ertS!�aielY befor�tile tatung.:Any balance sUall he_paid ta Borrower. tn thc eyeat bf a pa�tiat iaking 6E the ----
<br /> . P�operty m which thc fair market value of the ProQerty immediately befae the taking is less th�n the amaunt of the swns
<br /> secund immaliatety bcfore the taking, unless SoROwer and Lender otirerwise�in writing nr nnless aRplicabk!aw
<br /> odKCwise ptnvides.the ptoceeds shall be applied to the sums secured by this Secnrity lasuume�t wheiher or not the sums a�_
<br /> then d�ue. , : : .
<br />-_- If the PRnpescy is al�ndared by Baaawes*or if,afler notice by Lender to Barower thrat the candemnar uffers to reake.
<br /> -- an award or settte a ctaim far daznages.Botrower fa�'1s to respond to Lxnder within 3�days after the date thc naise is�ivven,'
<br />- Lrnder is autfarized to caltect and apply the grnceeds.at its opuon.eitber ta restar.uiaa a repait of the['rvputy or tn the .
<br /> _ sums soeu�d by this Security InstrumR►�whether or not then due. .
<br /> _ Unless�der and Bo�awer rnhetwise a�ree in veciting.any appucation of proc�ds tu priaci�l shatl not eactend aar _
<br /> � postpa�e the due date of the month[Y WY�refemed to in parag�dts l az�d 2 or cha�zge the amount of such pay�ments ,- ..
<br />• 11. Bar�+a�ver 11tot Rek�sed: Forbesraaae By I ender Not a Wairer. Extension of the time far payrnent or •
<br /> , madification of amortization of�he sums secured by thic Security Inswment granted 6y Leniks to anx s�iccessor in inteRSt ' ,
<br /> . ' ' of Bono�ver sltall not operate to release tl�e liability of the origmal Borrower or Bom�wer�successors in inte�+est.i.erder _
<br />-��.>� sh�lt nat 6e toquind to commence prviceedings against any successa m inte�rest or refuse to eute�nd pme for paynxnt or .
<br /> ' q(xrwise matifj+anarti7ation of the sums secund by t6is Securiry tnmsiment by teason uf any demand made by the otiginat.: .:`��
<br /> - Borrower or Borcower's snccessors in interest. A�ry farbearance 6y l.ender ie e�iercising any right or mneQy shal!aot.6e a
<br /> waiver of or pneclude the exereise of an�right or mnedy. • ` � � �
<br /> 1Z.Suoce�ors aad A.�ns Boa�d;Joinl and SeYeral LiaM"Ut�;Ca�ers. The COYenanrs arld agreeme�s af this:' >
<br /> , Security Tnstrument shaU bind and be�t the successors and assigns of Lender and Bormwer.subject to the pravisi�its of �.• ,,
<br /> paragrapf� 17.Bormwer's covenants and agrexment�shall be joint and several.Any Borrower who co-signs tfis Seec_� . —�— _
<br /> = It�st�ume�u but does�t execate the Note: (a)is casigning thL4 Securiry Insuutnent only tp mortgage.8rant and cg.Yr�ifiat `'.` . ---
<br /> ' i.'>• Barrower:s interest in the Property under the tem�s of thi�Security Jnsuument: (bT is c�r¢persanally obligated to�rZ�s�rrs ��-..i
<br /> - secumd by this Security ins[rument:and(c>u�mes that Lender and any other Borro�reeE-inay agree ro extend.ma�3��:�a�be�ai,� "_`�`�-�
<br />- ' or make any accommadarions with regard to the tem�s of this Secunry Insnvmert or ihe Note without tha��tiii»wer's� =--���
<br /> �_-z-
<br /> consent. � . . ---__
<br /> 4 - . 13. I.oan Charges. If the loan secured by thic Security Instrument is subject to a taw which sets maximum loan :'1 �--
<br /> ��;, ehazges,aad that law is finally interpreted sa thae the interest or other loan cGarges collected ar to be collected in connection
<br /> - witf�the loan exceed the permitted timi�s.then: (a)any such toan charge shall be c���by 4he amaunt necessacy to reduce
<br /> the charge ta the pe►mitted limi�and(b)�ny sums already caltected from Borm��a'hich exceeded permitted tirn:c.c will be . —°_�_-
<br /> � -�: nefunded ta Borrower. lxnder may choose to make this nefund by reduci�-��t'�eg�rnc:�al'owed under the IVote or by making a -=--_=
<br /> .�:�_�: j Qirect paymentto Bomower. If a refund mduces principal,the reductio��+�c F-be�zated as a partial�:�ay.ment w�thout any : �__
<br /> .�. � prepayment charge under the Note. . . � - ., ��r.� .�_
<br /> .:��t �� ;� "tr 14. Notices. Any natice to Boaower provided for in[his SecuriFy Isuu-+�ie;��haq be gideir b���efivering it or by . ' r;i.r€'„ �
<br /> '` mailing it by first cla�s maii ualess applicable law mquires use of another method.?�':'��c�tiee shall be directed to the Property �ta`,•�A.':�'='`
<br /> � '°�" Y � ' Addres.a ar any other add:ess Horrower de.ri�ates by natice eo l.ender..Any noticeto Lender s6a11 be given by fint class ��� ` . _
<br /> •'� ' 3��' ° � �'• ' -
<br /> �•,._.,=�+ � mail to Lender's address stated herein or any other addresc l.ender desi�sa.es by noticc to Borrawer. Any notice provided for .
<br /> •�,'�:=„s in this Secarity Tns�nsment shall be deeined to have been given to�cyTbwer or Lender when given as provided in,this ;. ' _
<br /> • r;� Patagaph• _
<br /> l5. Governing Law; Severabillty. This Security Instrument shall be goseceed by fede►al law anQ the law of the ;
<br /> � . jurisdiction in wi�ich thc Proper�y is tocated. tn the e��ea�Lhat any provision or clao4eot ihis Securiry Instrumeni ar the Note • _ , ,- _-
<br /> . =v'`4'-�=' conflicts with applicable law.�uch con�lict rAall nnt affect other provivons of this Szcurity tnsirument or the Note whicb can _ ��
<br /> ` � s^" " t i be rven effect without ihe conflictin ravisioa. To thiti end thc �itiians af this Securit In�trument and the Notc are •
<br /> .I;�'�;;.; .�"t_ 8 s P p�-: y
<br /> ',,.;�.;.,;. _ :•�.�' � declaredtobeseverabte. , _
<br /> � •r�''� .' 16. Borrower•s Copy. Borrawer�hall be given one conformed copy af tho 1Vate and of this Securiry lnstrument. ,. �
<br /> � _. � • 17. 7lronsfer o�the Property or a BeneQcial lnterest in Borrower. If all or any pan c�f'the Praperty or any intcrest in =
<br />� •`; ,it is sold or tramfertcd(ar if a 6enefcial interest in��arrawcr is sold or transferred und Bartawer ig not a natural person) , � .
<br /> ,: - . withaut l.ender's prior written cansent.Lendcr m�y,ai its optic�n,rcyuirc immediatc payment in iu0 uf al!sums secured by :. •
<br /> - � ;, this Security InstrumenG However,this uption shall n�+�be cxerci�ed by l.endcr if cxercisc is prohibitcd by federal law a.c of . _-
<br /> .:':'�;k. : .-�`�. . the date of this 5ecurity lnstniment.
<br /> . I f l.e n d e r e x e r c i s e s t h i s o p t i o n,l,e n d e r.h a l l g i v e S n n o w e r n o t i c e o f a c c c►c r a t i n n. T h e n a t i r e r h a!!p r o v i d e A�e riad ai •� f
<br /> �x •� nol less than 30 days fror.r.�r:date the naticc i�dctivcrcd ar maihd within which Bnrr�wer mu�t a all tiums sec¢?=d b thi�
<br /> �..�..••..,.• � P.Y. Y �,i.•: ..�. • .
<br /> t � :�c �•"?' ' � S ecuri ry Ins trume n t. !P�o�:o w e r f a i l s t o p a y t h c s e s u m s p r i o c t��t h c e x p i r a t i�m o f t h i s p e r i c x l, l.e n d c r m�y i r,r o k e a n y k,•,• ,
<br /> -�°<,.,.� .. .
<br /> � remedics permitted by this Sceurity Instrumcnt wilhout furihcr notice ar demand on Barruwcr.
<br /> ' .,it;r�y':.. �� ��F� •. 18. Borrawer's RiRht tn Reit�tate. If Bnrrower mects ccaAin conditions. $arcnwcr �hall have ihe right to have � __ .
<br /> •..��'� =- ;�;�;�.;�,;��;, enforeement ot tbis Security Instrument di,caniinued at any time priar to ihe eurlier of: (a)5 day�(or such uther perioci ay .
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