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<br /> _ i: �. - , _ , _ � , :' . �. , �. �. 72�--�-10�4�'� � . ..
<br /> , samlemnstioo orother takin�t of any part of the[�roperiy.or foc conveya�ce in�':eu oCca�demuation.ane hereby a�sig�x+d vd ,
<br /> sh�ll6e paid to[.eadet: - ` ` . , .- _
<br /> • ' • In the eve�t of a taal talcing of the Ptopecty tt�e.Pmcecdti sh�lt be applIed to the,sunu secuced by thic Secur�ty �
<br /> . I�cm�nb wl�ether or not then due.with any excess paid to BoROwer. In the event of u p:utia!takia�af the Pmpetty ia
<br /> - ` which the fair maricet value of the Y►opertyf immedfialely befoR tl�taking is equ�t ta or�c+eater than the umount of the swns • —
<br /> s,dcuied by this Security lac�at immediately 6efore the takin�.natess Borruwer and t.ender otiuerwi.,e agee in writing. _ .
<br /> the sums secured by this Sectcrity Ynstrument sbal!Ge reduced by the anlount of the procc�eds muitipiied by the fol(owing : �_
<br /> - fraction: {a)the totat amoiu►t•csf the sums s�immediately 6rfoe�e the taki�.div;ded hy�b)�6e fair ao:uics[value af it�e
<br /> • � Praputy inunediuel� 6efore the taking. Any balance sha�t l+e paid ta Borrowcr. In the e�ent of a partist taking of the
<br /> P�npercy ia wtuch the fair market vatue of the Propetty immediately befoce the taking�is less than the amount oE the sums �
<br /> secund immeAiateiy 6ef�re the t�lcing.unless Bamower and Ler�der otherwise agree in writing or uptess�apptisuble taw
<br /> q6e�vise�xvvides.the proceeds slwll be appGed to ttie sums secured by this Secusity Instrument whetfie�ornot 1he sums are
<br /> thea due. , � .
<br /> �- tf the ptopetty u ab�ndoned by Bortuwer.or if.after notice by Lender ca Borrowec that the condemcar offers m m�ice..
<br /> - _ _ an awa�d or seuk a claim for damages.Barower fails to rcspond to I.ender within 30 days after the d�te the notice is given.
<br /> - Ler�der is authorized to�coUect and apply the proceeds.at its i�pnem,either ta cestoration or re�tir of ttte Pivperty or to the
<br /> = sums seca�ed by this Security Instcument,whetNer or not then due. :
<br /> - Untess Ler�der and Banrower otiterwise agree in writing,any appfication af procceds to pri�tcipat shaU not extend or ---Y-�---
<br />~-'^! postpon�ti►e due datc of thc�nanthly pnymeats referned to in paragraphs t and 2 or change the asuouat of sucb payments. __
<br />- 11. Borrowtr Not Rek�; Forbearnnce BY l.�der Not a Waiver. Extension oE the time for paymeat or .
<br />= modificapon of amortizatioo af the sams secured by this Secariry It�trument granted by Lender to any siiccessor in mtecest
<br /> = of Bomnwer shait na ciperete to mlea.4e il�e liabitity of the aripnal Borrower o�Borrower�+successors in interest.Lender _
<br /> _ . �haii not be requined to commence penceedings against any successor in interest ot refuse to eactend time for payment or -
<br />=��- od�erwise modify amoltiz�tinn o€the sums seaired by this Security tnmument 6y reasan of any demand,made by the nriginal. ---
<br /> �Borrower or Bomower's successors in interest Any forbear.u�ce by Lender in exercisiag any right'or remedy shall not be a
<br />--_ . waiva of or p�eclude the exe�sise of any right or remedy. �
<br />- � ii Suo¢e�as and A�ns Batnd:Jdnt And 5kv�1 LiaWllty;Casibners. 71�e covenantc and ag�ee�nents of this _
<br />'`;.`e� 5ecuriry InSErument shall bind and 6en�t the successa�s and assigns of Lender and Boaower.subject to ihe provisions of �_,Y�..==
<br /> paragrap[� i?.BorroWers covenants and agre�ements shall be joint and tieyerat. Any Borrower who co-signs ihis Security �"=�--
<br /> ��_- Instrumenf�but daes noCexecute tTie Note: (a}is co-sig�nislg tAis Security lnstrumem oniy to mortgage.grnnt and convcy that . ,, °``'�:�`�
<br /> .�::._
<br /> : _ Bocrower s interest ia[he Property under the tertns of this Security InstnimenG (b�is not petsonally obligated ca pay the sums ��r��:-,_
<br /> secured by this Secmiry Instrument;and ic)agrees that l.ender and any other Barrower may agme to extend,madify.fort�ear� �_.�.
<br /> t or the Note•withoat thae Sorrower's ��,�i;:s_
<br /> ;'� ';`, , ar make any accommodations with regard to the tertns af this Security[nsaurnen .-,�
<br /> . ''�%r:. conseAl.
<br /> •,..�.a�
<br /> ���`� l3. E.oan C6arges. If the taac< <ecured by this Security tnctrument is su6lect to a!aw whieh seis maximurn loan . . !�--�=;�•
<br /> �r•.
<br /> _ ,;;#. charges,and that law is finalty�intrrpreteA so that the intere.st or other{oan charges coHected ar to be callected in connectian =��_-'
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<br /> •,�;_. with the loan exceed the permitted limi�.s.then: (a)any such toan charge shall be reduced by the amount necessary to reduce ��:_.
<br /> the eharge to the permitted limit;and(b)any sums already coltected from Borrower whicb exceeded permitted limits will be _
<br /> �• refunded to Harrower. Lender may chaose to make this refund by mducing the prineipal owed under the Note or by making� .-�,�-�.��-R--'
<br /> '�`; ::�": �.
<br /> ,. dineet pay�rtent to Bocrower. If a refund reduce!�principal,=the reduction�ill be trr<►ted as a partial prepayment without any ti t�:;...r;7;�
<br /> . } � e.__• '��'�` PtepaymenrchargeundertheNate. . :�-`�r}--.•.
<br /> r�' 14. NoNces. A�q natice to Borrower pravided far in this Security lnstrument shall be given by delivering it or by �
<br /> mailins it by first class�ail unlesti applicabte law requires use af another methad.The notice shall be directed ta the Praperly .
<br /> Address ar any ather address 8orrower designates by natice ta l.ender. Any notire co Lender sha116e given by Grse ciuss •,,"`"•• .
<br /> ;,_ . mail to Lenderw address stated herein os any other address Lendcr designates b;�aotice to Aorcowcr. My r�otice provided far
<br /> , 'i�• • i�this Securiry Instrument shall be c�eemed to have been given to Borrow•er orLender when given�as provided in this , .
<br /> ; t•':,; , -
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<br /> 15. Goveming Law:Severability. This Security Intitrumcnt tihall be gc�cmed by federal law and the IAw af the .
<br /> jurisdiction in which the Property is lacated. 1n the event ihae any provision or cf�dse of this Security instn�ment or the Note -
<br /> - � conflicts with appTtcable faw.such cantlict shall nat afFect other pravisians of th'r.s Security Inxtrument or the Note whieh can . _
<br /> _ . be givec�effect without the canflicting pravicion. 7'o thi�end the proviyions of this Security tnstniment and the Note ure . .
<br /> declaze�ta bc severable. ' -
<br /> ' 16. Borrower's Copy. Borrower shatl bc givcn ane confurme�copy of the Note and af this 5ccurity lnctrument. : . �, '
<br /> � .' ' 17: TrAnster of the Property or a Beaclicial lnterest in Borrua•er. If aI[or any pan of ihe Property or any interesi in ,.;_ ,
<br /> it is sold or trunsfesred(or if a beneficial interc.t in Borsowcr is sold or tramf�*-rrd and Borrawer is not anatural peison) , ,�
<br /> • " without Lendera prios crritten consen�.Lender may,at it�optinn.require immec�iate payment in full af a►i snms secured by i;` `�. '� :
<br />. . ; this Security Instrument. Howevcr,this aption shall aot tx�cxcni,ed ny L.ender if exercise is prohibhed Isp;ederal taw 1c af - • _
<br /> <<" the date of this Security Instrument. • '��
<br /> , � If Lender axercises this aptiuo,l..ender+haN give Bnrrower notire of acccleratian. 'Che ctoticr�halt provide a perind of �
<br /> .. not Icss than 3p days from the date thc notire is dclivcrcd ar mailed within which Siurrowcr mu�t pay all sums secured hy this �- .
<br /> '" .'�.;� Security lnstrument. !f Borrawer faits to pay thc:c sums prior to thc expirati��n of thiv periucf. Ixnder��y invoke any
<br /> � ° .�����_•:-' � remedies permitted by this 5ecurity Intitrumem witha�t further notice nr dem.md an 8ort�iwer.
<br /> ' -y.':'�' '�� ' 18. Borrower's Right to Reinstate. tf S�rrower meet+ ccrtain condilionr, 8onuwcr�h.�ll h�ve thc right to havc - ..
<br /> =�?:.� enfarcement of this Sccurity Instrumem diu�mtinued at:my tim:prior to thc carlicr aL• (.�)S Jayx(ar�acb c�the�perinJ as
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