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<br /> aoodemauion a d6a takioa of�ayr prt of tbe Proppty.ar far wm�yaaoe�lieu af caadamapan.ac�e�heeeby aui�od.ad :
<br /> . thail be pad iol,eader. � . '
<br /> � tn tbe ere�af�wat nicing of t6e Prnpercyr,the Pmcxais shat� be appl;ed co We sums socund by this Securay
<br /> i�whnhec a not thm due.with aay excrss paid to Botrdr►er. la t�e eveat of a pa�ti�l tatiag of the.Property in
<br /> � witiclt the faQ maricet vatue of tht Ptopt�ty immed�eiY befar the takiag u eqi�i to or g�uec tGmt ttie amauY af tbe s�a►.s
<br /> � secu�ed by this Sec�iry ta�nu�rnt immediately befae the�ng,onless Bamwa and Lender o�f�wise agrct in writL�g.
<br /> � tLe sums sccu�e0 by this�Sea�rity Inswment shal!be csdwced by the amoant of the p�oceeds multiptied;by d�e fdbwjng -
<br /> fncte�: (a�ti[e wta!amaurR of the sums seruped immediately befae tht t�lung,divided 6y/b)tda fair niartet v�lu�e of the
<br /> ` Pt+optrcy inu�ly befae tAe ta�nng. Any 6asance s,h�ll be paid to Boaower. id tIx event of a�tial tatmg af i6e<<, .
<br /> • :Pt+�pert�in which the fa'v m�ticet vatue of th�Ptoperty inune�atety before the t�iang�c iess thxn the�of the sums. .
<br /> secu�immediately befae tbe t�icing.unkss gom�wer and Lender cxberv�ise ag�tc ut w�ituig a unkss appljc�bk taw
<br /> • ol5urvise prwides,tl�Rmceeds sbait be applied to du suuns secur�d by this`5ecurity insvwnent wiktlier os not tLe surt�a are
<br /> then dua. ,. �
<br /> • tf the Roperty isabqndoned hy Borruwe�or if.aftet t�otice by L.ender to Ba�awa t1�E the,ca�demnar.offers w m�foe
<br /> an awud a sctde a cl�im fdr damages.Sortuwer faits to aspond to Lender within 3Q days after the due t!x aotia is givea.
<br /> Lender.is authorimed to cdkcE a�ri applY the pcoceaic.at its c�ption,eitl�to nestorati�ar�epiir of tbe Pto�perty or tu the , •
<br /> sums secuRd by this Secuticy Lutrumrnti w+hetl�.or not then due. • �
<br /> - ' Uniess Lender and Bamwer otherwise agree in writing.aay applicatiw►oE p�+nceed.s w principal sbaU not exttnd ot �
<br /> postpone the du�datc of tbe manEhly payments nefemed to in paragrapi�s!aad 2 or chu�ge the amount of suc6 paymrnts.
<br /> - 1L EarruRer tVat Rde�: Forbaranoe B9 Lesder Not a Wi�v�: Extension.of the.time for.PaY���
<br /> -- modification of amortiratiao of rhe sums sec�ued by this Security lasuument granted by L,ender to any snccessor in intenest
<br />--- of Bartnwer shall na opnyo�to reiease tt�e tiability of tbe original Bortower or Borrower k successocs in intemi..I.eoder
<br /> _ - stull na be nquaed w camrnenoe proceedinBs aga�ac[anY successo�in in[erest a cefuse to extend ame for p,iyft�eint ar
<br />= atherwise modify ar��or�z�r�of.tbe sums secuc�ed by dtis Security Inswment by teason of any demaz�d made by.theoriginal
<br /> gonoqrer or Bamwec's successois in tatetesi: Any for6earance by ixnder in exerrising any right or rrmedy siiall na be a
<br /> waiver of or preclude ihe eaet�ise of any tight or remedy. -
<br />-_ IZ. 5rcceseors�d As�i�Baoad:J4iNR a�d.5evval Lia6ility:Casi�. 'tlie covoaanu aiid agm�u of this
<br /> Sec�rity Jnswment shall6ind and benefit the successais and assigns of Lender and Borrower.subject to the pRavissons of
<br /> • paragrapi� 17. Bocrower's covenants and agnoements shait be joint and several.Any Barrower�ha casigns this.Security
<br /> .' insutmtcat Mrt daes narexecatt.th�Note: fa>is co-sigrrinF this Secuaty tnstrument only to mortg�$e.gruu aad canvey tLat .
<br /> eca
<br /> Borrower's inte�est in tt�e Ptoperty under the tertns of tius Secarity In�wmen� (b)is not personalty o6ligated to pay tfie sums .
<br /> secured by this Securiry Inshvment:and(c)agrees tt�at Lender and any other Barrower may agree to eatead.modify.forbeur
<br /> - or make any accommodations w+th regard to the terms.of this Secmity Inswment or the IVote without that Bamnwer's �
<br /> _ coasent. • .
<br /> 13. Laoe Clwr=es. If the toan secured by tt�i�Seairiry Instru�neat is subject to a law wbich r,ets maximum toan
<br /> et�es,and that!aw is fmally interpreted so that the 6u�cest or other loan charges collected or to be collected in connection
<br />_ witA the Ioan exceed the permitted limits.dre� (a)any such loan cdarge shall be reduced by the amaunt necessary to reduce
<br /> the cliarge to the permitted limi�and(b3 any svms alieady collected from Borrower whirh exceeded permitted limi4s will be
<br /> - refundul to Bcxrower. Lender may choase to malce this refund by reducing tNe principal owed wider t[�e Nate ar by making a
<br /> • direct payment to Borrawer. If a cefund reduces principal.the reduction will be treated as a panial prepayment w�thout any
<br /> ;• prepayrnent charge under the Note.
<br /> , .,� 14. Notices. Any noace to Borrawer provided for in this Securiry fnstnunent shall be given by delivering ii or by
<br /> �-t�.-�.' mailing it by fust class mail unlecs applicabte law requires use ai another method.The notice shall be dire,cted to the Propeity
<br /> �'°' Address or any ather address Borrower designateti by notice to Lender. Any notice to Lender shall be given by fitst ctass
<br /> mail to Lender's address stated herein or any ather Address Lender designates by notice to Borrow•er. Any notice pravided far
<br /> in this Security instrument�hall be deemed to have been �iven ro Bosrawet or Lender when given as pravided in this
<br /> P�S*�Ph•
<br /> , , 15. Governieg l.stw;Severa611ity. This Security Instrument shall be govemed by federal law and the law of the
<br /> � jurisdktion in Kfiich the Froperty is tocated. !n the event that any pravisian ar c1au�:e of this Security Instrument or the Note
<br /> ;. conflicts with applicable law,such conflict�h1�nat affece other provisions of this Sccurity In�trument or the Note whicb can
<br /> be given effect wnhout the co�flictins pm�:sian. To this end the pravisionti of thi.Security Instrurrient and the Note arc =
<br /> declared tv be severable. . -
<br /> ' � ' lli. Bvrrower's Copy. Saaower shall be given one conformed ropS nf the Note and af this Searrity Instrument. =
<br /> � 17. 71ra�ee of the Propertg ov A$eneticial Interest ip BorroR�r. If all or any p:�n c�f the Praperty or any interest in :
<br /> :�;��;:,�;� � it is so2d as tr�sferred(or if a beneficial irnerest ia Harrower�s sotd or tr�nsfcrred and Borrower is not s natuml pecsonl
<br /> �,;,;,;, ' without Lender's prior written wnsec:t.l.�ndcr may.at its aption.require immediate payment in i"ull af all sums r,ecured by =
<br /> s thiti Sccu�ity lnsttutnent. f�aues•er.�t?ri�:optian shall oa�Me exercitied by Lender if exercise ic prohibited by federal law as af
<br /> . ' the date oi this 5ecurity lnstrumer.c.
<br /> ; If Lender cxcrrisc!z ihi�c�t:c�^:�t.ender+hall give Borrawcr natice of acccl��ration. The rtoticc�haN prnvide a periad of -
<br /> � , not tess Ihun 3U days from the date tfie notice is dclivcred o�mailed within which 8urr�+wer must pay all sums secured by this -
<br /> ', ' �� � ,-,2,.; 5ecuriry lnstrument. ff Borrawer faily to pay therc wms prior to thc cxpiratinn af thiti perial. Lender may invoke any
<br /> ,i=�s't"' � � remcdies permitted by this Security Intitruinent�vith��ui 1'urthcr natice ar demand on Borcowcr. :
<br /> ' '��°+-� 18. Borrower's Rip,hl tn Keinctat� IP Barrower meets cenain condition�. Harroa•cr shall have �he right to have
<br /> enfarcement ai this Sccutity Inrtrument discuntinued at any timc priar ta 1hc carlicr af: la)5 dayti!�t tiuch Mher peri�d ac
<br /> ::� Singlc Family--F'aaalt Sf�e�Freddk�fac l;�Ikl1R�t 1%tiTNI-SlE�iT••Umform Corcnanl• 9;90 ipuie a�l�,l��er.��
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