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<br /> coodemnatian a dhes takinE of any pact of We Prope�ty.or for conveyaaor in li�of caadem�uon.�e hese6y assigoed and . ` .
<br /> . sh�ll be p�id to t,enderl. � ° , .
<br /> ' Lt the tveut of a totaf taking of the I'topetty;tLe pcocceds sbaU�be apptied w the sums secated bY this Socariry '
<br /> - _ _ —;�_--_—�n�aei ---------- ---— ith�nv exoess pg�Q to Bono�er In the�vem[of a�artial taiciag of the PtopeRY m' •
<br /> __�_
<br /> whiclt tl�e fair market value of the Pmperty' ate y ae g�s eq To�t- ��..w _��_�
<br /> . -�ecutrd by thi's Sccurity Tastrument imme�ateiy befcxe the talcing.aaless Bairower and L.cader nthec�ise agrae�writing.�
<br /> . ihe sumc saured bp this Security InstrumenE sfi�ll 6e reduced isy tbe amoune of the Qroe�ds multiplied by the€ollowsng
<br /> ftacti�a: (a)the tatal artaunt of dx sums secured immediately 6eforo the taking,divi8ed by(b)�he fair markci value of the .
<br /> � Qtoperty immed'iately befa�e the`taYimg. Any 6al�nce sba116e paid to B�rmwer. In the event of a partiai talcing of the
<br /> . propeity en which the fair markket valne o€the Pmpeny immedii3tety btfote�he taking is less than t6e amnuat of the sums
<br /> secu�ed�immediately befae the taking,unless Barawer aad[.ender othemise agtee in writing or unless applicabte law
<br /> abe�wis�p�ovides,the prnceeds shaU he applied totix sums secuced by t6is Security Insp'umenc whether or not the sums a�e
<br /> t6en due. � • ,
<br /> If th�p�pecty is a6aodoaed by Horro�er.o�if.after iwtice by l.ender to Bocmwer that the conderonor offers to make
<br /> an award a settk a ctaita for damages.Borto�ver fails to tespond xo Let�d�r within 3Q days after the date the natice is given. .
<br /> . T.ender is au�to coit�t and appty the pcor.ads.at its aption.either to restoratiat a repair of tbe Ptoperty or tq,the
<br /> sums secured by this Secwity Instnu�xn�whetl�er or�wt then due.
<br /> - Ualess L.ender aid Borrower otfienvise agree in writi»g,any appticati�on o€piaceeds to principal shall not extend or
<br />-- pastpane the duc date uf tl�e monti�ly paymeats refeRed to in paragraphs 1 and 2 oc change the amount of such pa}rmenu.
<br />= Il. Barawa' Not Rtieased;Fa�6eAranoe By Latdtr Not� W�ivt� �ens�on of the time�for paymata ar:
<br />-�. � mndificatioa of amortization of the sums secured by this Se��urity Inmument��6y Lender to any successor in interest �
<br />-K —
<br /> • �Bor�wer shall not operate to release the tiability of the ariginal Bmrower+s�iorrower's successois in intercst.Lender .+�----
<br />��� — _41�. - - si�I dot be�equmed to eommence pmeeedings agamst arry successor in,�:t�ss�*.,<or r�E'�sse ta estc�d tn�rse far{�aymeret ar :. : �`� -
<br />-__ otherwise modify amortizatioa of the sums secured by this Secusity►Insavmen��,*!�;�easan af any demand made by the origina[ �.�t,, -
<br />��_� � � Bom�wer ar Borrower's succeasors in�intecest. Any for6earar�ce�l��der in i�ercising any aght or ranedy st(all nat be a ;�?:���==-_
<br />_-- waiverof ar prectude tHe exercise of any right or re�nedy. � '
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<br />�-�r IZ. Suocessors aad Asdg�Baund:Jdnt and Several Li�r:Co-si�ners. 7he covenants and agreements af this • �_-_`---=_
<br /> :�s;_ Securiry Inununent shall bind and benefit the successors and assi8ns of l.ender and Borruwer,subject ro�the provisions of ==
<br /> - pa�ag�aph 1'7. Barower's covenants and agreemenis shali 6e joint and severg�.My Borrower �i�v co-signs ihis•Secusity . , �"'"`-'�-.
<br />: �.yi Insuument but daes not execute�1�e Note: (a)is co-signing this Security Insuument only to mortgage;grant and convey that � ��'��x,-.
<br />�r•'• _: 1,`
<br /> Bamwer_'s intet�est in the Ruperty under the terms of this Seeurity lnsmiment; (li)is nat pe�rally obligated to pay ihe sums 4;3:�..
<br />'��.- oth r Soisbwer ma•�..cee to extend modify.farbear ���-' _-
<br /> . = '�� s e c u r e d b y t h i s S e a r r i t y I n s�u u m e n t;a n d(c)a g r e e s t h a l L e n d e r a n d a n y e ���t J
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<br />- �:_+ or make uny accommodatiuns with regard io the terms of this Security Insuti�..,.-r�snt ar the Note without that Bdrrower's �:��_:-.�-.:-_--
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<br /> . >� consent. -�"��'
<br /> =�::__ 13 Laan C6arges. If the loan secuted by this Security Inshument is�ject to a law which sets ma�cimum toan ;�`�.��._
<br /> charses.and that!aw is final ly inierpreted so that tke interest or otlxr toan cEca��s coliected or to be collecte�in connection ='`%.;�;::.
<br /> � 'r with the loan exceed the pemutted limi�s.then: (a)�}sUCh ioa.�.�rge shati be reduced by the amount necessary to reduce �`"'`
<br />'.`,`� �': ':` the charge to the pem�itted limit:and lb)any sums aIieady co��.:�fcorn Sorrower which exceeded peimitted limiu w11 be �;�.,_
<br /> ", � refunded to Barrower. Lender may choose to make ttus refa�d�c�+.acing the principal awed under the Note or by making a �'
<br />: • _ diact payment to Borrawer. If a refund reduces priflcipal.11ie red��Qn wiil ba aeated as a paitia!prepaymeAt without any �����-
<br /> � .;� prepayment chazge under the Nate. �:�=;=;��``_
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<br /> � 14. Notices. Any notice to Borrawcr provided for in this Security Insmiment shall be given by delivering it or by ;r.�!_��_�__,
<br />''(• i mailing ii by fust ciass mail anless applicablc law requires use of another methad.The notice shall be directed tn the Propeny "�"^?��. ;_
<br /> Address or any other addres.�Borrou•er designate.s by notice to l.ender. Any notice to i..eader shail 6e given by first cfass =
<br /> ' • mail to l.ender's adclnss stated h�zrein or any oiher address Lendcr dcsignates by notice ta Borrower. Any notice provided for . __ _ __
<br /> in this Security Instrument shall de deerrted to have been given to Borrower ar Lendcr when given ac provided in this � . •.'-�__
<br /> '.: _ _ paragaph. :�ch,. `.
<br /> - 15. Governing Law; Severabitit�. Thiti Security Instrument shail be govemed by fedetal law and the !aw of the . __
<br /> ,:,-; jurisdiaio�in which the Property is tprated. In the event that any provi�ion or clause of this Security lastrument or the Note , '_• •
<br /> , _ - canflic[s��;�applicable law,such co.�`Tict shalt not affect othes grovisioac of this Security Instrument or the Nate which can ;.�;�!j '_ _�
<br /> ~'!� _ be given effect without the conitictin�grovision. Tv this end the proviciom of this Security lnstrument and the Nae are �'��:,�•� �. v
<br /> �, declared to be severabt� ' '
<br />' ` 16. �orrower�P�py. Botrawes shalt be�:r��n.�e confotmed copy of the tiote and af this Security Instrumen� „:;•.=• . �:
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<br /> •:•;,.��. . 1���7"ranste�ot the Property oc a Benefrc+a9 Laterest in Bonawer. If alE ar any part af the Property ar any interest in
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<br />_;�.;: ,� it is sa�5.cs transfened(or ii a bene�:•.ial intere�t in�orrower is tiold or transferred and Borrower is not a�atural person) . r,.-:,�?.
<br />-.;., . = witha�t 4.�nderc priar written canscnt.l.endcr may.at its aptian, rcqwire immediate payment in full of all sums secured by .. °,,W�
<br />�; � this 5ecc:riry fnstrumen�. Howevcr.ihis nptian shatl not be cxcrcised by Lcndcr if exercise is prohibited by federal law as of .
<br /> :' � '` --
<br /> � , ihe date df Ihis Security Instrument. -
<br /> � �'= ]g Lencter exerti�ses this option.I.ender tihalt give gorrower nnlice c�f acceteratian. 'f'he rtotice shall pr���ide u periad ai :
<br /> • ° .' not les§'t'�an 30 d�ys from ihe date the nolice is delivered ar mailed within which t3arrawcr must pay aQ sums secured by this
<br /> ' ''-'-"° �' Seca:riz,�Cnstrumene. If Borrower fails td pay �hcve�ums priar to the expiration�f this perial. Lender may invoke any
<br /> ' rer.:�.,r:ea permitted by this Security Imtrumcnt withaut funher noticc or demand an Borrnwer. �'�� ' '
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<br /> . �:-:`��r�.;'• � i�. Borrowe�'s RiRht to Relnstate. li Bnrr�wcr mcets ccnain conditiuns. Borrower shaU have the risht to have '
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<br /> - en#'omment of this Sesurity imtrument diticontinued�t any time prior to the eariicr��L• (:u S days lor such other period as
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