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<br /> — __ =-� ' ------ ; -.. .-_1_ --_ - .�- -- � . - --- - ^ . _��.�=�-4i5s 9 - -- -
<br /> coadem�ion a ahec t�iciag of anY P����OP�Y•or��copveyatxtie in lieu of candatrnatian.ace Geisby assigned a�d -.
<br /> shait be p�id w Lrnde� ' � ' �
<br /> � • ia We event of a tatal taT�ng uf tUe P[operiy.the p�ocads shail 6e applied to t6e sums secured 6y this Secarir�•� .
<br /> . Instnu�nt,whether or not then das,vvet}�any excess paid to Bortower. In t6e evau of a partial talcing of the,piopeity.�in�.
<br /> whicL the fair maiicet vatue of the Fmpecty�ately befo�a the talung is equa!w or gc�eater tlian the amaint o£the suata..
<br /> secuned bY this SecuntS►Instrunxnt immediately 6efare tbe taidng.uale�s gomnwer and[.Pnder otheiwise agme in�wating,.
<br /> ti�e soms secuned by this Secnrity Instrumert shalt be redu�d by the amount of the praceeds muitipIied 6g the foliawing:
<br /> fractio� ta1 d�e taqk a�p�o�nt a€�6e sums sssuted immediatdy hefoc�e tl�e takiag,divided Qy!b)the fair macicet vaIue afth�
<br /> . Pmperty immediatety,6efDrt-the taking. Any balarbce strell bc paid to Bocrower. In tbe eveat of a pardaf tal�ing of�
<br /> ptoperty ui rvhict�the fair,mar�ee,vatue o€�t}�Avperey emmediatety 6efone the taYing•is less tt�an t!�amountof the scrmx
<br /> secuced immediately befae tFie fakiitg.untess Bortower and txnder otherwise ag� �n writing or urtlrss applicu6le taw•
<br /> otherwise puvides�t6c Praceeds s1ia12 6e ap'Plied to ttte sum.s secured byr this Security In�trutnent whether or not tlte sumR are _
<br /> tiKn due. ' , �
<br /> !f the Property is abandoned by'Barouver.or,if.after�tice 6y Lender to B�x�v�ec that thc candcmnor offets w mai�e
<br /> an award ar seate a ciaim for d�n�ges.Bortower fails ta respand to Lender K ithin 3(?days after the date the noti�e is giveo,
<br /> - � l.ender is autlxKized w colkct and�ppiy tix prqcecdti.s�t itc uptian.ei[hcr to rcctcx�tian or rcpair a[the Propeng.ar to tlic _
<br /> cums secutrd by thin Secutity l�men�wdether or nM thcn duc.
<br /> Unkss i.ender ai�gorrawer otlterwisc agrce in writing.any npplication of�cedx tU principal shail�nt eatend or
<br /> _ _ postpone the due date af tbe monthty paymFnt+rcfemed to in paragr�phs 1'und 2 or chartge the�mount of sucb paymcn�x.
<br /> .' . ' 11. Sama�rer Not Relca�ed: �orbearanee By Lcndee NW a Watvtr, Exteauan of tl�e umc for paymcnt ��c
<br /> - madification of wnottizatiun nf the sums secured by this Security lnurument gr�nted by i.e�tder to aay.�uccessa in inter�.�rt,
<br /> , of Bomnwer shatl�lat operate to cetease the liabitity of thr originat Bamwer oc Borrowes�s suceessan in intems�l.eade�
<br />�r i � shaq not 6e nyuirod,to cort�mence proceedings agai�st any succes�wr in interest ar rcfuse to extend time for payment or
<br /> - dheswise modify amonizapat of the sums securcd by this Securiry ln.strument by reason of any demand mside by the ocigiaal� ---
<br /> - Hortower or Bornower's soccessors in inte�esR� Any forbrarance 6y Lender in eaereising any.nght or remedy shall nat be a =_
<br /> waiver of or pretIude tife exenise of any right or.rttnedy.
<br /> -;'' 12. Suecesaocs and Assians Boued:Joist'9ed Sevsral Lfability:Co�ers. 'l�e coveaantt�and agRemerts of thiR -- -
<br /> Socurity lnstruineat sAall bind and benefit the successors and assipu of Lender and Borrower.subJect to the provisionss oE �R—s
<br /> `'- parag�aph 17.Borrower's covenants and agreements sball be joint and sever�l.Any Barrower who co-signs this Security �=�-
<br /> t and conve that �'��==�°`-
<br /> � � ' lnstrument but does not$xecute the Nate: ta1 u co-signing this Secacity Mstrument ortly to�nartgage,gian y • .�_-,.—,�r
<br /> �;;, Bomower's interest in the Property under the terms of this 5ecurity Insuument; (b)is nat personaily obligated to pay the sums. z�_"`���;,,
<br /> _ see�red(ry this Seeurity I�strume��and(e)a�ccrzs d�at Lender and any other Borrawer may agree to extend.modify,forbear �.{-�.�
<br /> a
<br /> "� ' ar make any ac �y adations with regard to:tIr�tertns of this Security �nstrument or the Note wlthout tUat Bor�ower's �`'�m`—
<br /> `f`; a,,�:
<br /> a�.}` . cOASCi1t. ��-�rs_:a
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<br /> 13. l.onn Clwrges. I�the-to�CS sec.uied,'by tbis Security lnstrument is sabject to�taw wtucii sets maximum tuan �""'$_
<br /> �- '4� charges,and that law is finalt}interpreted so t�at the iaterest orather loan charges collect,ad or ta 6e coltected in connection —="'�
<br />; ' wtth the loan exceed the permittrai 1'muas,�hen: (a)any such loan charge shal!be reduced by the a�oaIIt neressary to reduce �;=��y.-,�,��`:�
<br /> - ,-. � tha charge to the pem�itted limix and(b)any.sums almady coltected from 8otrower which exceeded p�rri:itted lim�ts will be �±rK��=_
<br /> '_< ". ���
<br /> refunded to Borrower. i.ertder may choose ta iRake this refund by reducing the principal owed undec�6e�ate or by makin�a �-a.�.-_..-�
<br /> � �� direct payment to Borrower. If a refund reduces principal,thc reduction will be treated ag a partiai�yment withaut any: =F'� �a_'
<br /> , T prepayment charge undet the Note. '��;4�`
<br /> �, • 14. Notkes. An notice to Borrower rovided for in this Securiry Instrument shall be given by delivering it ar by: _ <:'-.�;•_ .
<br /> � ' ' mailing it by first cia.�.c mait unless applica6telaw requires use af another method.The�atice shall be direcceA to the FropeR��.� :�`�:3•` °`._
<br /> r� Address or any other.address Borrower designafes by notice to Lender. Any natice to Lender shatt 6z�ven by first cis�sy `�-'`"�•�
<br /> msul to[.ender's address stated hecein or any other address i.endsr designates 6y notice ta Borrower. An��cotice prnvided for• -
<br /> , , in this Security Instrument shal! be deemed ta have been given to Bortawer or Lender when gners�.s provided in this �;.�: • . .i
<br /> .1,'. .'�.•,.l�l.`�! � :,
<br /> paragraph. �.,::��,,.;:,:
<br /> 4: 15. Governing Law; 5everability. This Security Instrument shall bc govemed by federai�taw and the law of the �
<br /> �� '::';:,
<br /> �. jurlsdietion in which the Roperty is located. In[he evem thal any provision or clause of this Secarity drtstrument ar the Nota ��`•'��;,�-•�'
<br /> `,,.:-,t::.,
<br /> conflicts with applicable law,such conflict shatl not affect other provisions of ihis Security Instrument arthe Note which can- � ~•�~��;�
<br /> " � be given effect without the conflicting provision. To this end the pravisionc of thiw Secuaty lnsuucnent and the Nnte arc .�'�
<br /> .:`.. declpred to be severabte. •��'�:'' ,.�
<br /> ' ;;; . 16. Borrower's Copy. Basrower shatl be given one canformed capy of the Note and af ihis SeCUrity instrument. . , �
<br />� ' �:-,, 17. Transfer of the Property or a Beneficial lnteresl in Borrower. lf all or any part of the Property or any interest in
<br /> ,��°�. it iw sold or transferreci(or if a benefirial interest in Hormwcr is sntd or trancfcrred and Barrawes"ss not a natur�l penan) .°,`¢';
<br /> ' w��'` wHhaut Lender's Qrior written wnsent,lxnder may,at itw aption.reyuire immediate paymen!in fafP of all sums secured�by - _
<br />. ��j',-: this Security lnstmmertt. However,Ihiti aptian�hali not be exercised by t:cnder if exercisc is prohibired by fedemt law av af � ..
<br /> . '.�;.; the date of this Security lnstrument. �
<br /> If Lender cxerciu�this option,E.ender shail givc Borrowcr noticc uf acceleratiore. The notice st�all providc n period of
<br /> ' `' �� not less thun 30 days from the date the notice is delivered or mailed within whicfi Borraw•er must pay u11 sumx secured by thiy
<br /> .i�•�:,. ��'�,: '�`.' e
<br /> . ;}��,_,s,,,•,...•:. 5ecurity Instrument. lf Barrower faiic to pay these zumv prior ta thc cxpiration of this period. Lender may invoke any ,
<br /> ' 'a�.,`:`:`.�t?� ;` < remedies permitted by this 5ecurity lnstrumcnt withaut funher noticc nr demand on Borrawer.
<br /> _ %;��%�:�':'.�:�, ' 18. gorrower's RighE to Reteatate. If 8onower mects certain cunditiom. Borrvwef sha11 have the right tu have • :
<br /> «;5;���` � enforcement of�hir�Sacuriry instroment discantinucJ at any time pri�u to the carlier nf: Is�)5 days(or such othcr perial as :
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