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<br /> ca�demnatiw�oratl�er taY.ing of any part of tl�e Ptppertk:ut fa conveya�e irt�ieu af caidemnada�.are bere6y a.ssigned and .
<br /> sfull be paid to Lraoder. ` �
<br /> ' fn�he event of a[aa1 talcing of ihe PrapeitY,lhe Ptocee�st�il be applied W the sums secured by this Secarity ,
<br /> ' lnsuuntent.whe�es o�na d�en due.with any excess paid to Barower tii tbe event of a partia!taking oF the ptuperty in
<br /> ----� '�eTsich ttse fstir�et vaIae of tl�e Fcopeny immed'eatety beface We taking i�equai tu ar.gmrce�t5�t tiie amuunt of 1he sams
<br /> -_- � < seresred 6y this Seeuricy lnswment immediaoely before the takirtg.emless 8otravirzr and teadcr otl�ecwise agrec in ivridng.
<br /> the swms secured by thi�Security [nstrument shali 6e�edttced 6y the amotint nf the procreds muitipiie�by thc foliowing
<br /> --- fi�ctio� t3?die wra!an�n+mt of the urms�immedi�tely befo�r tfie taking.divided by(b�d�e fair market vaiue of the .
<br /> I�v�e►tY inunediately Ixfon�the t�lcing Any balance shaU 6e paid to Borrower_ In the event of a partiai taTcina af the
<br /> propert�r in which the fair markec value of the Pt�pertY immediatety i�efore the taking is tess thare the amouni af the sums
<br /> secu�cd immcdiately befare the taking.uniess Boirower and f.e�Kler a6erwise agree in wsiting ar uniess appticablc taw .�
<br /> ��;isc pcovid�,tde pmceeds sfiat{6e applied to the sums secured hy this Security[nsUVment whether or aot the sums ate
<br />- then dtte.
<br />":� If the Propeity is a6anda�ed by Bocmwe�or if.afte��tice by Lender to Borrower tha[d�c ca�demnar utfers to make ,
<br />"'."' an aw�rd oc seuk a cLtim for damage�.Boirower fails to respond to LcndcF within 30 days after the date tfte naicG is givrn.
<br /> a�' t.ender is autbarized ta collect 3nd apptg the praceeds.at its opuon.either to r�storation or�epair of tbe Property or tQ ehe .
<br />-- sums serured 6y this Secutity lnstcument�whether or not then due.
<br />�:•'-� Unkss L.endcr and Sorrower osherwise apee.in writing.any applicapun of pmceedti ta principal sh�l[nat e�certd or �
<br /> ". postpone ihe due datc of the monthty payments tefericd to in paragraphs I and 2 or ci�utge the amonnt of sacb puyments. —
<br /> 11. Bor�'a�rer Not Rekased: Forbearanct Bg l.rndec-Not a Waiver. Fxtension of the ume foc payatueut or _
<br /> ' ,�� mudification of amortizauon of the sums secured by this Security Instrumen[�an[ed by I.ender to any successor in intenest
<br /> of Bormwersh�U rtat operate.ta mlease the lia6ility of the aigina!Bocrower ar Bormwers sncc�ssors in intet�est.Lender - _
<br /> "•' . shail not be tequired w commeace praceedinSs aga»st any succ�e.swr u►in[erest or refuse to exu�sd time for payment ar
<br /> otherwi.se madify amarti�uion uf th�aums secured by tfiis Security Inswme�[t hy rr,.�oct of any demand made by ihe onginal
<br /> - Borrower or Bortower's successa�s iA intcrest• Any forbearance by I.ender in exencising any rigi�t or remedY shall naE 6e a
<br /> ' ,,-,;:_ waiver of n:preclude the caesacise of any right or remedy. '
<br /> � � 12. Succasors and As�ns Boued;Joint aad Several l.iability:Co�igners. 'I7�e cavenants and agrzemeots of this -
<br /> { � Security instrument shat!bind and benefit the successors and�signs of i.ender and Bartower.subject ro the provisionc of =--
<br /> parssraph l�. Bormwer's cavenants and agrecments shall 6e jaint and several.Any Buaou'cr who co�s+sns this Security --_
<br /> _ �,..,:. Mstrument but does aat execute ihe I�ate: tal is ca-signing this Secarity{nstrumeot only.to ma�age,�ant and convey tflat. =�"" �_
<br /> "� $orrower:s interest in the Ptoperty under the terms of thisSecuriry Instrumenr. ��;i is not personally o6ligated to pay the s�ms
<br />� � • - secured by tbi.r•Security Instrument:and(c)agree�that Lender and any othcK E;�?�w.ec raav.agree to extend.modify,far�ea� �"���
<br /> �:�.�_�.�
<br /> • �,�. �•..�� or make any accommodations with regaM ro [he terms of this Security Insi�^��c oc��:Nate withaut that Bor�c��r':":'s: " _
<br /> �-_,.. . . "' :. :�;; �i'`� .�.-
<br /> _ �.�, . con.sen� `
<br /> 13 I.oan Charges. [f the loan secured by ihis Security Instrument is subject us�s€aw which sets maximum i�ect ��=-__
<br /> charges.and that law is f napy interpreted sa that the interese ar other loan charges coilecr'e;i or[o be coltected in connection �=�
<br /> _ with the loan exceed the pem�itted limits,then: Iaj any such loan charge shail be reduceG by the amount necei+sary ta reduce �,�,,.�y�_
<br /> �� the charge to the permitted limit;and(b>any sums atready collerted fmm Bomower whicEi e�ceeded permitted limits will be �__
<br /> - •r -� ,•`-` refunded to Borrawer. Lender may chaose to make thic ctfund by reducing the princip�l��r�£under the Note or by ma{:ing� —_;��_ _
<br /> • ,,.��;��'=� di m c t p a y m e n t t o 8 o r m w e r. I f a r e f u n d r e d u c e s p ri n c i p a l,t h e r e d u c t i o n wili be tmated as w(�artisil pre pa y ment withaut•any - �-;�:
<br /> � �- ;'r.��.:���- _
<br />°' ".•�•�� prepayment charge under the Note.
<br /> �w�`;.�• � �' 14. Notices. Any notice to Barro�ver provided for in this 5a:urity In.�trument shall be given by delivering it or by rj�'=.�=;-_
<br /> � ��'�.r'-`:i' `: r-, . . ., . . . --
<br /> ,a,-;:�;,:;, :.
<br /> mailing it by first clacs mail unless applicable law reyuires utie of anather metliud.The notice shalt be directed to the Prc�pe�ty c•.
<br /> '�'" ' Address or any other address Bonotiver dcsignates by notice tn l.ender. Any nntice to l.ender shall be given by fint cluss .
<br /> �:, . : ., . ,' ,
<br /> �=�:•;:�;:��,1: mail to Lender's addreti�ytuted herein ar any other address i.ender detiignatcy hy natice�o Rorrowcr. Any nutice provided far . •
<br /> `.�. %' �•'.�-: in Ihis SeCUrity Instrument shall be deemed to have heen givcn to Barrowcr or Lender when given us provided in•thi.�: •.:�. :=
<br /> :y�_. -�`. paragraph. .
<br /> .,�y.��_'''", • �-
<br /> � 15. Govemin� I.aw;SeverabiNty. This Security Instrument shall be gavcmed by;feQ�ral law and thc law of thc z
<br /> �=-:�c.:.;:- . �.
<br /> ' ,.•�':,_,, ,, jurisdiction in which the Property is located. (n the event that any pravision ar clautie uf thiti Security lnstrument ar the Nate . ,,. ..Y_
<br /> � - � - conflicls with upplicable taw,such conflict shall n�+t uffect other provisians of ihis 5ec:urity leruume►u ot tho Nate which can
<br /> i; �,' � �-• . be given effeet without the confiir�ing provi�inn. 'Cc�thi�end�I�e provitiionr uf thi�Security In.rtnimem and the Note are ...
<br /> . • '�; :; �' .�: declared to be ssverabie. . • ��
<br /> `�,:,;�,; :;'� 16. $or�nwer a 4opy. Barrawer shall t►c given�me c��niomted capy'af the Natc and oi'this Securiiy Inmtrument. _
<br /> • ' =��'�;,�";-a-, /7. Tiransfer ot the Property or a Beneflciul lnterest in Barrawer. li al)��r uny parl of the Property or any intere+t in _
<br /> ` i��;,�{�� it is sald ar t�ansFerred tar if A bene�cial interetit in Barrawcr iti�ald nr transferred and Banmv�v is not a n.iwral persUnl
<br /> ,,.,.,�c; without Lender's prior written consen�.lxnder may,at it�c uption,require ianr.�ediate paymenl in full af all�um.�ecured by
<br /> ,;?:.,�;,,`.:.;t r:�• this Security Mstrument. Hawever.'this optio��hall nut be exece.�.ec!hy�er.�Rr if rxerci�e iy prohibited hy federal law�of . ..
<br /> .�,;��_.c: � ; the date of this Security Inytrumem. t
<br /> � "�`�'`' "��' � !i Lender exercivc�thi�o tion.Lcnder�hall +ivc Bnrcaw'es notice of 4ruitcration. Th:n�►tice tihall provide a periud of..
<br /> ,,x�.,�;�-.,�,, ;_ p b .
<br /> z:',� �.`�' �'' noe Icss than 30 day�frnm the date th�notice is d:-3ivcrcd ar maiic�l w ilhir whi:=h Bormwer rnu�t pay.dl tiums xecure.d by this
<br /> �. • � , • • 5ecurity Instrumen�. If Borrower ft�il�to pa}� th:se sum+prior tc�thr expirauon uf ihi� periad. Lender may imokc any ,
<br /> • � remedie!�permitted by thiti Sccureiy latitrument witha�ut fur[h�r nc�sice ar demand�m 8urro��•cr. ( �
<br /> -` • � � �.., I8. Burrowe�'ss Right to Re3nstate. 1C 13��rrna�ev mc�c:.cenuin c��nditi��m. Horrowes .hall hsn�e the right zo huvr �
<br /> � -C �: :�,:• • • 4t� . enfarcement oi thic Security tn.crurn�nt di�canunucd��t:iny timc pri��r t��titc c.trlicr uf: i::,�S dayy lor;url�othcr ncris�:�� �
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