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<br /> - . _ _ . _.�-__ � - � � .��. �2-- I013'74� . _ � --
<br /> � �nation o�othec wkirg of any p:ut of thc ihoperty.or for conveyarice in tieu of condemnation.arc he�eb}auigreed and .
<br /> ` st�t�,i,tie P�idto l.ender. ' ' .-; - •�
<br /> In the erent of a total tafpngaf the P�uperty.the proeeeds shall,be applieai to the sums secured by this Security
<br /> � (nSCs�r�menG KGetl�er or swt then duc.'with any eacess paid to.Borrower.�Fn the e�enc of�partiai taking cii the Ptoperty in .
<br /> u�hi�¢�I the fair maeket value of the Praperty immrdiatety 6efure Ihe tai:ing ic equat to flr greater tfian thc amount uf the,ams ----
<br /> �d by thiz Security(nstrument imme��ately befon:the taking.antcsx Bomi�ver and Lender otherwisc agrec in writing. .
<br /> — ti�;sums sccured by titis Security In.�trument shal!6e reduced by the:ilnount of thc procecds multiptied by the fo![avr�s�=--- _-_—_-�_----
<br /> ���
<br /> - ------ f�a�c►ir_ tal thc tota!amcuutt af tt�seun.��ectued imsnediately before the takin�.divided by tb)the f;ur marfcet va�lue of the : �-
<br /> - —. prpp,rrtS imst�iateip-bef�ihe talcing. Any balance slwll be paid to Sorto�-er. tn the event of a partiat taki�►g of tt�--.-_— _�-- �-��
<br /> — P.t�rty in whi�h tbe fair market vaiue of°the Ptoperty immediatety bef�the takinD is tes.s than the amount of t1�e sums : _-
<br /> _ = s�cutec! fmmediatety 6efore the taicing.�untecc�Borrawer and itenber otherwise agme in writing oc un[es,c appliwble taw �;1_____,.=—_-- _
<br /> _ -- otjK(�vesc provid�.c.tbe praceeds s[�aU 6e applicd ta the swns secured by this.Se;curity Instrument whether ar nai the sum5 are �•�;a�=-�--- —
<br /> — ti�:qdue. .�_..� y ----
<br /> =if the Property is abandcxied 6y Bomnwer,or if.after aotice hy Lender to Bocrower thal ihecandemnor uffe�s�o malce . IE"}�a _ _
<br /> au:e�Ward oc seuie a claim for damages.Borr+ower faits tn respond to Lender within 3Q days after the date ti�e notice is given, `-�-�- __
<br /> r is authorized msollect�iW a I the eeds,at its ron,either to restoration or re ir of the Pto or fo the '��`"
<br />: (;egde iW PP Y P� � P� PenY . w*�'�`���"�..
<br /> s��securzd by this Security Instrument,�vhether or not then'due.. ' - ���_�-•:
<br /> �:�� -
<br />= - Unless l.ender and Borrower otherwise agree in writing,any application of proceedc to pnncipal shal! not extend'ar�;, � ^'"�"'��-
<br /> postpone the Jne date of the moathty paymenu referred to in paragraphs 1 and 2 or change the amount of sucb payments. ��_�
<br />� t. •t t. BarravQ� Nat Rekased; �'ot6earance $y Leader Nat a Waiver. Esiension of the time far payment ar -! -=-.';��`�`
<br /> '� -- -' mt�difieatian of umvrtization of the sums secured by this Security Instrument�anted by L.ender to any successor in interetit �- ! - - '
<br /> �� � of;B6rrower shall not aperate to relrs,e the liability of'�I�e original Borrawer or Bormwer'.s successors in iaterest.i.ender - - � ���-
<br /> _ sh�ir riot 6e required co com�nence proceedings agaiasi-;any successor in interest ur refiise to extend time for pa}ment ur �. �•--
<br /> : ot�lCnvise madify atnattizalion af t11e sums secured 6y[fiis Secucity instrument by reawn of any demand made hy the arigina! -'- ��_
<br /> `�- Hq�irower oe Borrower's successors in in[eres� Any for6earancc by i.ender in eRercisipg any right or remedy�hall not be a .� '�
<br /> �, . . �
<br /> N,µver of or prectude the exercise of any right or remedy. � . . � `.•.=•=
<br /> :� � 12. Sueeessors�aad Assi�ns Baund;Jaqt and Several Lisbility;Co-signers. T he covenants and agreementc of tl�u , ,��=
<br /> �' � �''''�` Se,�urity Instrument shall bind and benefit dte successors and assigns of Lender and Bomower,subject to the provisions of • � ' --
<br /> "r��� ' . -G`-�.
<br /> `� �� �'�:' ��� ��• p�gaph 17.Borrower's covenants and agreemenu shall6e joint artd several. Any Borrower who co-signs this Security
<br /> t ...� ,; �
<br /> � " ,r� �,-" ti�'trumenibat dces nol execute the Note: (a1 ic co-signing ti»s Seeurity tn.stntrtsert orrly ta mortg�e,gra�tt srtd eonvey that �
<br /> ;�,� ,. .�',;: $qtrowers intzrest in the Property under the terms of this Security Iatitrument; Ib)is not personally obSigaced to pay the sums ti ;�;:
<br /> . c�''i=.,-'.c:--'..r: �: . �: . �
<br /> setured by this Security Instrumem;and(c)agrees thac L.ender and any other Horrawer may agree to extend awdify,forbear , _ .,,
<br /> •'`��" .r`�i, os;make any accommadations with regard to the t�rrci�of this Security Instrument or the,Note wiil�out that Sorrower's ;:
<br /> '�,• '`. caesent.
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<br /> �:;;,°��7�. •,'':, 13.�t.aan(: es. lf the toan,secured b• thi��Secutit 1�trument is�cct tG a law which sets maximum loan � �� �'�=°`=°-
<br /> hi1rg' } y ,�.; i� - �3; �!
<br /> s'.:�,;�;�;:.s..?. :'.: ';`,' ; cAarges,aisd tE►at law is finally interpcered.So that the interest ar osixer inan cbarges collected ar to:.6e collected in connectian ! -_.x„�;
<br /> --- . ��•.. � •
<br /> • • ' �!;•�., : witb the laa.exceed the permittCCl IimEc�,�.5en: (a�a��s-�ch loan c[T.=r�e shatl be reduced by`tha:.�:aunt nece�.rary to reduce � "�'�4"�
<br /> • ,��•:._ ,;r'"11-tij; � '` _.
<br /> �.!^:•,, che ehargetathe pertnitted limit;and Ib)any surns a[rt�iy coltected fcom Borrnuc�which exc�ea pMmixu�timits will be �i. ..:?_� ='
<br /> - '��'"�`'' ' ``' c�fundecfi to Borrower. I.ender muy choose to make this r,.��d�iy n�uting the tiriii��ral awed under the l�ia�er-by making a - �+' . �.'�"tJ`�.�
<br /> . ''�" � �reet ment to Boaower. If a refund reduces rirtc al:tke red�ion wiH tre.tr�:ed as a rtial re a �cr�cm without an �,:•... ' �
<br /> ._ . ,,�;� Pa} P iP` tre . P� P P 3 . Y , . �): :-�;:� _
<br /> - `;_ prepayinec�tichargc under thc Note. . ' '�� � r ':� , w
<br /> . . �� . .. ' �
<br /> ',�:�,�� . ' :. 14. I�aCtces. Any notice t�s Borrawer provided for i�[hi�_S�'ri[y Instrument tihall Ae�iven by delivering it ar 6y �'•�•:':�.� „ � r
<br /> . ' mailing it Isy�frnt clahs mail unle�y appficabte law requiret u.ce of ar.�Lh;r method.The notice tihall be directed to the Property- { ;:•��
<br />� ' �' i Address or any other addr�rs Borrower designatcs by notice ta Lend'er. Any net:�;e to Lcnder shall be given by fint class ��' '' '�
<br /> � i! It. �
<br /> mail to l.ender:s addres�SY..ated herein ar any ather addre5ti l.ender de+ignatex by ncr.":x to Borrower. Any notice provided for � � ; .
<br /> _ in this 5ccurity Instrumene �hall he deemeA tn hat�e ixen given to Barrowcr ar Eh.-nder when given,ati•protided in thiti + ' �' `•:�
<br /> . �a��ph . �f:
<br /> . . . I5. Gajern9ng l.aw; 5evera6ility: This Security In�trumcnt yhnll be goterrte�hy fe�'c�rab law And t::e law of the . � :=;--
<br /> � jprisdiction irr ahich the Ptaperty iti Icx:a.r�. tn thr event that any provitiion or ctause of this Sec3:rity lnstrurt:ent or the tiote �r� � :''�
<br /> eflnilicts ccith applicabie taw,such conflict�hall not affect other pmvisionz of this�c�urity Instrument ar the?�;�o which can . � `" -
<br /> �i be given effect without ihe conQ�ctin�prnvisien. Ta::�i.r end Ihe provitiiunti of rhi: Securiiy Instrument artci the Note are � ;.., �.:. '�'
<br />. ., deciare�tu bc severabtc. . j,. �: �, . �
<br /> • 16. Barrower's Gtpy. Borros�er shall he given onc rnnti�rmed cc�py uf ihe:�ote and nf this Security instrument. . ;: •
<br /> - 17. Traasfer ot the Yropesty ar a Heneiicial interest in Borrower. !f all or any pan of thc Property or any interest irt f . �.'._:�
<br /> � it i4 sald or transferred(or iP a t�enefiriat intcrc�t in Borrowcr iti,uld or trantiferrecl and Barrawer ix nat a natural pcnonj %� .
<br /> '<`• �' •� withaut Lenderti priur a•ritten rnnaent.L,endcr may.at i�s aptinn.requirc imm�niia:�:paymcnt in full af ali wm��ecured i�} ' ' {,% "t''�-
<br /> ' , f�r�..:
<br /> ' '��� this 5ecur�iy fnstrument. Hawevcr,this option shall nnt l�cxcrci�c�i hy 1.cnd�K i�icerci.e iti prahibited by federal law ac of � �•, �' , ----- -
<br /> � ' � the datc of thi�Srcurity Instrum�nt. • � . f•`•
<br /> _ . If Lcnder exerci�cti this��ptian,L.��n�!•.r tihull give Borru�ver n�tice of accctcration. Thc n�itice�hall providc a perind ot ; !�
<br /> � ' not lesti than 3b days iram the date�he nut:�e is delivered ar mailed�vithin which Hurnusrr mu�t 7ay all�ums�ecureci hy thiti j '.. -
<br /> • Security fn�trument. Ii Barrower fail�•ct� pay the�e tiums prior to the expiratiun i►P ihi.periud, l.cndcr may invoke uny ; ; �
<br /> renmdiey pemiittcd by Ihi�Sccurity ln+tr,�ment withc,ut funhcr noticc ur dcmand nn[i�mowcr. ,
<br /> 18. 8orrower's liight tt� Reinstate. 1f Burruu•er meets cerlain conditiun.. Burruwer tihall have thc rigM tu htrve
<br /> cnforccmcn!nf Ihi�5ccurity fn+truntrnt di.cominuc�!at any timc prior to thc cariier��f: /a!S days(or yuch uther p►:ri�xi ati � I'
<br /> tiinglrl'.und}--t:tnnie�lae�FreAdir�t:��rti�Muk•�i�srKr��r:�•r.-i�nd��mit'���.•n:uu. 4;�)0 �pus��J��(ery�.L•u �
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