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<br /> .. condemnation or�other taking of any part nf the Ptuperty.or for casvey�x�e in Geu of coademnation,are hereby assignod and �
<br /> shafi be paid to Lxnder. '
<br /> [n the eveat of a total ta�cin�,of ihe Pwpeny.the pzocceds shall be appGed to tt�e sums secuced by this Secuciry
<br /> —= [nstnunrnt,whether or nat.tEien due.with aay excess pa'sd to BorroKec In the evem,o�a partiat taking of the Ptopttty ia � _
<br /> — - � which the fair market value of the Property`.iinmediatety before tite taiing is equat tn or Freater tls�n th�amount of the swns= __
<br /> =�-ti;�� secured hy this Secvrity tnsbument immediatciy before d►e[aking.ucsless Bonrower and l.ender o[herw�se agree in w�riting. • _--
<br /> _— =-•::�� ° the sums secumd by tt»s Security[nsctucnent shatl be nduced by the atnount�sf the prqceeds multiptied by the foltowing � _�_ -
<br /> - - =��� ` fractian� (a)'the totat amo�u►t u f the s�ns,s e c u c c d i m m�d i a t e i y b e f a i e t l t e t a l+i n g.d i Y ided 6 y(b)tHe fair market vatue of the rti_�-__-__ �
<br /> - ==� ptopetty immediatety 6efore.the taldng. p►ny batance.shall be Paid to Bacioe�r. In the event of a paipat taki�ig of the
<br /> 'x`� pf�.e�tty in w6ich the fais market valae of the Property immediatelp before the caking is less than the amount of the sums �_
<br /> secureA immediately 6efore the taking,unless Bomnwer and lxnder otherwise aP�ree in writing or un(ess applicabte taw �__�___�
<br /> ��-�*�. . o d�e r w ise pmvi d e s,t h e p m c e e d s s h a l l b e a p p l i e d t o t h e s u m s secured b�,this'Securit y lnstrumert whether or aot the sums are �.�_;=_--
<br />� ��`° then due. � �y-
<br /> - - . . If the Pmpetty is abandaned b9 Bort°wer.or if.after notice by L.ender to Barmwer th;st'the candemnor offers ta matce �":��-�.~_-- -
<br /> _ti:. � .�_
<br /> � - . an award or setlle a cl�im for damages.$cxrower faits ta'respa�d tn I.ender sxithin 30 days aftet the date the noti�e is given. � �,...,��:�� _
<br /> }(.,•, :.r�- "�=--_
<br /> ���. '. Lender is authorized to collect and apply the proceeds.at its optian,eithet to restoration ot repair af the Property or to the . �.r��----�_
<br /> � r,,,rs,- sums s�uned by tIus Security Instnunenti wheiher or not then due. . �•-<,�•�•_�
<br /> ` `;-�. Unless Lender s�d Bortower al�envise agree in writing.any applicatian of proceeds to principal shali not e�tend ar ' �.� -,�
<br /> ' "� rt;"'' . �•^.: tLe due date of the mnttthly paymenu t�ferred to iu pata�aPhs 1 and�or cl�ange the amount of sucb payments: _-_ --
<br /> -5-�� postpone �,�-.�.
<br /> �f- `��'' It. BarrovYer Not Rdrised: Forbwranaz By 1.endn' Yot a Waicer. Extension of the time for payment or _ __
<br /> i+`_?��";�.,�-:' S_ :' " -
<br /> Y,�,�..,,: modiftcatioo of arportization of the sums secuied by thu Securit�c in�ment granted by Lender to any succxssor in interest , _
<br /> ���=��-s.�-•���°,',r�- of.Borrowe�shali na aperate to retease the liability of the originaf Bor�ower or Borrower's• successors in interesx L.ender ; _
<br /> ,. S'-�'�~.-�� shai!na 6e cequir+ed te commence proceedin&s aSairut amG suc��c.4°r in interest or refiue to eatend time for paymem or ` � ��`
<br /> _��• . , .,
<br /> '�•a`.,zr�;,_a__. y Y S � -�f:�£hn;'.
<br /> ' �.�;�-, ;;�t?-,.-�.; � - otherwise madify amortizatiun of the sum.+secured by tbi�:Sacuriry�sY�mettit by reacon af an demand made b the ori inal
<br /> /�"a, y s T'�� ` � a Cl•
<br /> .�'. Borrower or Borrower's wccessa�s in interest. Any focbearance by Lender in exercising any righ[o�remedy shatl not be a . -.,�t��k�c���_
<br />_ ,� ..,,_;�a:-. . . `� pt.�=z.
<br /> �'; waiver ot or pceeludp the exercise of s�ny right or remedy. ,
<br />,_ _a. :•`�d`..d's�S;` . . �..--:-
<br /> f"-�°-�• 12. Saceegsais aod Assigns Baund;Joint and Several Liab�lity;�o-signer's. The cavcnants and agreements of this' _-
<br />, ` k�,•�•`� ; Security lnstrument shaQ bind and benefit the successar�and acsigns of Lender and Barrower,subject to the pmvirions of ; , _
<br /> _ ' pata�raph 17,Sorrower�covenants and a�rexments�shall 6e jolnt and severa4 Any Boirawer w•ha co-sigr►y this Security , r; =
<br /> a
<br /> �, "� instnunent bat does rtot execute the Nate: fa)is co-�igning tt�is Security lastntmettt o�ly ta mortgage.�rant and convey that t - - -�--
<br /> *`
<br /> . � ': : Bocrower's interc�st in the Property under the terms of this Security Instn►men� (b)is not�enonally abtigated to pay the sums � F� -
<br /> "- . secured by thi+Security lnstrument:and(c)agees that Lender and any other Borrower maY asnee ta extend.modiiy.forbear , ._. :; :�"�
<br /> .e
<br /> , • • or make any accommodationz with regard io the terms of this Security lastrument as the Note without that Borrower'.s . . :,'�
<br /> . . consem. � , ':�.
<br /> � ' ' , � 13. Laan Charges. if the loan secured hq thic Secarity•Instrumertt is s�ubject ta a law wbich sets maximum toan "' ` =._��:�_
<br /> • charges.and that taw is finally irv.?:rpreteQ so that the intem�-�or ather loan charges collected ar ta be collected in connection . ��ya�;..� �".�
<br /> -- ` � � witb the loan exceed the permi::.:d limits,then: tal any su��ioan charge shall be reduced b the amount necessa to reduce ��•<• �:s--
<br /> � .�:•. y rY . i;:«„� . T.�_._
<br /> - �_ � the chazge to the permitted fimit;and Ibl any sums already capected fmm Barrower which exceeded permitted limits will be „�_,_�:.
<br /> >'���;�� refunded ta Bon�a�s��r_ Lender may choose to make this refund by reducirtg the principa!�wed,under the No�e or by making a • K
<br /> ,', :�=.
<br /> ' : • diuec"_�ayment c�T 13�����c'es If A refund reduces principal,the reduction will be ueated as a panial prepayment withaut any . ,-e�;:
<br /> �; `!"?::: prepa3�ent charge under t*:e'���c,. �
<br /> � . � 14. Notices. Any not«e u.�Bnrrower pravided t'or in this Security Inruument tihall be given by delivering it or 6y ��
<br /> 1 . _ • mailing.it by first cla�s mail ur.!i.�ti applicuGle law require�u�e of anothe�me�had.The natice�hall be directed ta the Property �
<br /> Addresx or any ather addre.�s Bartower designater by naiice tu Lend�v. Any notice ta Lender rhall be given by fint clatis • . ..'.-�:
<br /> mail to Lender's address titated herein ar any cif�er uddress l.cndcr de�ignatey hy natice ta Bormwcr. Any natice providcd far �
<br /> '` in this Security lnstrumcnt yhall be deem�3i r,�havc bcrn given to Bormw•cr or Lcnder when given as providcd in thi� - „ . _
<br /> ' _ . � P?raSraph. �� ��: ' . ' y-
<br /> ... � 15. Covesnin�;Law:Severability. This Security ln.rtrument shall bc govemed hy federal law and the law of thc � � .!: _.
<br /> ' . • jucisdiction in which the Property i.r loc;ated. In thc cvcnl that uny pravitiion ar clau�e of thic Sccurity In.trument or thc Nate i : . . _
<br /> ' ccmfticts with applicaMe law,tiuch conftict�hall not�ffect other pn►vi.i�m�of this Security lnstrumenl or the Note which can , _ .
<br />, ,.�;;. , . . � be given effett withaut the c�mQicting provision. To thi�end the puwi.iom uf thiti 5ecurity ln�trument and the Nate are j
<br />. , . ;�:; • . dectured ta bc severubte. t , �
<br /> • . 16. Borrowee's Copy. Barrower�hall be given one ccr.�`ormed copy of the:Votr and af thiy Security Instrument. [ ;
<br /> ' ' �'���''� 17. Tra�ler oithe Praperty or a Heneficial latec�su i,�Borrower. !f;�II ar any pan of the Prapeny or any jntcre�t in s . .
<br /> �.;. ';'::`i;,;'..,:i:� �
<br /> „.,. it'ig sold or tmnyfetted(ar if a bc:ncficial intcrest in &�rsu.:ccr i�tiald or�ranyferred and Borrowrr i�nc+t a natural penon) • •
<br /> • � wilhout l.ender's prior written consent.Lenuez^�ay.a:ir+��ption,requirc immcdiate paymcnt in fu0 c�f all tiums secured by � . .
<br /> � j•�' � this Security lnstrument. H��wever,thi.r•opriu�e:hafl no�t�e exercised by Lender if exerci�r iy prnhibited hy federal�aw uv af F �
<br /> , �he date of this Security ln.rtrumcnt. � � .
<br /> - � � If f.ender exercise�thix optinn.L.enAcr�hatl give Bc�rr���vcr d��ticr uf:iccclerati��n. ?he ne�tice�haA provide a period af f : ,
<br /> nat tcss than�(1 day�irom thc date thc no�ica iti dclivcr�d c�r roailyd within w�hich Hurn+wcr nu�.t pay all sumti�ccurc�i by this � .
<br /> � . . ' Security ln.rtrumcnt. If Borwa'cr f:�il�t��p:iy ihr.c u:rre.prior to thc cxpiration��f�hi. rcn��d. Lendcr may invokc any � •
<br /> rcmcdicti pern�ittrd by thiti 5ccurity Instrumrm without furthrr nnticc or dcm:md un B��rm���cr. f .
<br /> � 1$. Borrower'x Ri�ht tu Rein!�tate, li Hi�rrnwcr mccn crrtain conditiun.. 13urrowrr�hall havc �hc right to ha�-e
<br /> ''' . � • enfotccmcnt vf thi.Sccuriry(n��rumem di�rominucd a1 any timr priar tu the carlier c�f- la►5 day�(���u�ch uther period•�� 1 ,. ,
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