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<br /> cqndeim�itic�ar wtKr taking of any p�ct ofjhe PropenY.or[o�cor�vey�noc iR lieu of ca�demnaGon,are htreby assigncd and �
<br /> sh�U bep�id W[�e.nder. • �� p�shalt be ppplied to the sums societed 6y this Security
<br /> • in the evaq of.a tat�t takinS oi the P¢operty,
<br /> �uneot�whether a aat ilkn due.w�th any ezcess paid to Bonawer. [n l6e evau of a p:utial ta@ing of she i'roperty in
<br /> which tix fair market v�lue of Wc i'1r�opetty immed'eately 6efwe t�c t�i�S�a eyual ta or�ater tit���►�e a�nt ot Ihe sums
<br /> secu�ed 6y this Security Insaument immediately 6efotc the�aking.unless Borrowcr aixi LenJer otherwi�c agree io writing.
<br /> — ����hy tt�is Secuciry instrument shalt be cPducai by the anwunt of the procced4 aiultiplicd 6y thc fultowins
<br /> - —�� - fr� t�)llie 1otaE�m�t af tbe sua�s stcured immediately be(otie the taicing.dividaf by fb)the fair maricet valuc of the c
<br /> -- propeRy immedi�tdy before the talting. Any balance si�atl be paid to Borrower. tn the event of a pactiaf t�ictng v[Orc
<br /> p�uperty in whicA the fair muicet vaiue of the PropeAy�mt�diatclY bef°te t1x t�k�ng is tess than lhe umount af the sums
<br /> - — _,� secured immediately befoce the taking:untcss Borrower und Lendet uthe�►ise aSiee a►wciting or unless apptica6[e law . .
<br /> - ot�wise pmvides.the pro�ds sha116e aPPfied to the sums secured by ttiis Secucity InswmenE whetl�er ar nw the sums ace
<br /> tbrn due.
<br /> trn
<br /> U the Propaty is abandoned by Bortower.4�i�,.a11'er.nu4ioe by I.e�lder to Ba�►ower that the condemna'affer3 to make
<br /> � aa s►ward aar set�k a claim for damages.Boirowet fails to.irspoad w Lender wiihi�30 days af3er the dute the ewtice�oY� _ , :
<br />- �'� Lender is autiwrlud ro eo!loct and apply the proceods..at its qxian;'eitl�r to cescaation or rspair.af the Pmperty
<br /> sums socuced by thia�ecurity Instniment,whether or not theit'due.
<br /> Unkss.Lender and Batrower otherwlse agree+n writing,anY application of proceeds to pmtcipal shali rat eatend or
<br /> , postpone the due date of the monthty payments refemed to in parug�phs 1 anc12 or change the�nount of suci�payments.
<br /> T`` 11. Borrower Not RdestsedR F�-SY l.ender Not a Widver. Eatensioa of ti�c time fw pa}�nt or ..
<br /> Q� modificatwn of amortization of the sums secu�ed by Q�is$avrity.lqstrument graoted by l.ender to any successac in intercst
<br /> c
<br /> • - of Bormwer shalt oa operate to release.the liability af tlit odSinal Borrower ar Bomower's_successors in inteces�I.ender
<br /> � sh�ll not be req+dc�ed to commence Pcoceedings againsl any sucassor in interest ar refuse w ea�id time for payment o� :._. : "
<br /> � "` ed
<br /> �:=:` ott�erwise modify amortizatian of the sums secured by this Secudty.lnstrument by censan of any dsmai��by the original :.. :..
<br /> ��� gumuwer or Bocrower's succe.�.wrc in inte�est. Any for6airanc�by i.encicr in exereising any r�gtiE:�,�re�nedy shaii not 6a.a .::.::;''�
<br /> wsuver of or pceclud�ttrc exercise of any right a remodyt.. � '� .: ` ..•;. '. ' ,- :
<br /> � ude of this::::;�'�
<br /> . _�- 12. Su�cessa�s aad A.ssiEd+Bquuad:Jdat snd'Several Liability,Co-si�tro. The covena�ts�,�nd agre�+i!s.
<br /> � ' �:r�.., ' �f J Securi lnstrumeot ahall bind and benefit ihe successors and assigns of Lender and Horrower:snlfject to.ii�Arov�s�ons of :=: ;
<br /> ' `;-x.._:..,,,;., �Y
<br /> ' .;'��.;.�,�:��.:,';•_ paragr�ph 17.Bormwer's cuvenants aad agreements shall be joint and several.Aay Botrowec vyho co-signs this Secudty. .
<br /> •- -�. � - lncwment bat does�rot euecute the Nae:`(a)is co-sigoiag this Security Insteument ot�iy w rrioitgage.gra�t and convey that ' .
<br /> ..r, �ro -
<br /> . `.-;3`�. ;.::'�':-' .' ° Borrawer�s inteast in the P�opc undaa ihe tecros af this Security instrumen� (6)is not personai{y obligated to pay the sums ,—
<br /> .�r._s:: __� �
<br /> r,':;-�:--::,: � •� - secuted by ihis Secudty Inswmenr and(c)agrees ihat Lender and nny other Borrouu may agree to eatend modtfy.forbear _R
<br />` `� . ._` . . or make any accommodntions-wjtlt�negaN to ihe terms of this Security Ituhume�t or the.N�withoue that Bomnwer's �
<br /> 'i:
<br /> consen� `�_
<br /> =:�-;,,=_ . . � 13 Laan ChArges'. If the lo�secured by ihi.v Securiry lnstrument is subject to s�taw whicb�et.9 maximum loan f_r,
<br /> , -;:e��,�'`;. , - ' chuges,and that law is finally interpceted so that the interest or other loan c6argesieoffected or to 6e collecteil ia connection ;
<br /> with the loan exc�ed the petmitted limits,then: (a)any such laan charge shall be rednced by�he amount necessary to reduce �<<F<:�
<br /> -_'�:,-. ;:. ,� � the charge to the pemtitted limil;s�nd(b)any sums al�dy collected from Borroweir which exceeJed pe�mitted limits will be f'.E. .;;_
<br /> -- - • � refunded to Bormwer. Lencier may choose to mnke this refund by reducing the pdnclpai owed under the Note ar by makin�a '
<br /> , �_ •`"� :'•� dir�ect payment to Borrawer. li o reiund reduces priixipal.the reductioo will be treated us a pu�tiai prepaymen[withaut any ,.
<br /> - P�Y�t churgc under thc Nalc. .. �: '. ` : . :
<br /> .`�• ' 14. Natices. Aay naicc to Borrower provided far in this Security Instrument shall be given by delivering it ar by _ ��:- .
<br />' ' mailing it by first class mail untess appticable law requires use of another method.Thc notice shali be directed to the Propetty ,,�;;�.- . -
<br /> � . ° Address or t+ny ot6er address Hortowcr designates by n.�ticc to Lender. Any natice to Lender sttail t+c given 6y first cfass r.Y;y;. �.
<br /> � mail to L.ender�s address stated herein or any ather address l.ender designates by notice tu 13orrowec. Any naticc provided far �'.���;t: =;.
<br /> '. . - � in thi.c Security instrument shall be deemed to have bcen given ta Borrowcr or I.ender when given as provided in this ,_
<br /> � ' paragra . s • � . _
<br /> ' •� 1�Govsrning Law:Severabillty. This Security Ins�rument shall be gove+ned by federat law arxl thc law of the ��.;�
<br /> ' : • � Jurisdiction in wfiich the Ptoper�y is tacated. fi the event th�t Any provisinn oc cta�use of Ihis Secu�ity Instrument or the Nate �,,;�.. _
<br />• ... � . . eonflie�a witt►applicable law.sush conQiet shall nnt:►ffeet athet pcavisjan.c af this Seeurity Instrument or the Nate wfiieh csn �s;:::
<br /> ' be given effect without�he contlicting pravision. 'Ib thi�end the praviwiana af this Security instrument and ihe Note uro _
<br />• • � ckclared to t�e severabte. , '
<br /> ' . 16. Burrower's Cqry. Barrower shall be given one conformed copy of the Nnte und of ihis Security Iastrumem. .'s.,,
<br /> ' 17. 7iransfer ot Ihe Property ae a geneflcial I�tereslln Dorrower. If all or uny part oi Ate Praperty or any imerest in �, ,:;.;;;;;.` �:=
<br /> ;°.;; .'
<br /> .� .� ;��;,;,, � it ia sald or ttAnsfeaed(or if a bencficiul interest io B�rrowcr is�otd or transfcrred and Horcowcr ig nn1 a natarul person) .,; ;; ,. .•f;;
<br /> 5 � , ` �:; .�� ,. withou�I.ender�s prior written ronsent.l.cnder may.�t its uptian,reyuirc immcdiatc payment in full of a114umn sccured by ;;.. -
<br /> thia Security InstrutnenG Howover.this option shail not be cxcrciscd by Lcnder if cxcrcisc is prohibited by fcQcral law us oP
<br /> � tlx date of this Security lnstrument. � ,.
<br /> ��:�� �/ ' � • - If Lendcr exercises�his ap�ion,l.ender shall givc Borrowcr noticc nf ncccicra�ion. 7'he noticc shalf providc n period of . • ,
<br />' . i : . nat Iess than 30 days fmm thc datc thc notice is delivered ar mailed within which 8urruwcr mus�pay a11 swn.c sccurcd by this (�.
<br /> " � � _ Sccurity lnstrument. If Borrowcr fails ta pay thcxc sums prior ta�hc cxpir�lian of diis perial. Lcndcr inay invukc any
<br /> • rcmedies pemiitted by this 5ccurity Instrument withuut furihcr natiee nr�tcmand on H�rrowcr. �
<br /> 18, 8orruwe�'s Right tu Relnstate. !i 8unnwcr mcct�cer�ain caiditi�ns, fiarrowcc �hali havc thc right to havc
<br /> � • • enfarcement ui Ihi,v Security lnstrumen!discuntiuued nt.�ny titne ptlor tn ihe esulicr uf: (a)5 days(�r aucL atl�er periaf us �.
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