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<br /> . ' �n�ian a othec taYinEof�ny part aEtb�Pmperty.or foc conve�rai�e in li�u of caidannation.are t�ebY assi8ncd and
<br /> � �1t be p�id w�rodec. . . � .
<br /> -___ ____�.�__����...��..,, � " .tb�.Q1�Y�_?�..��sh�ll�6e appl'�ed_w sl►e suais se�viod by this Security � _ ` —
<br /> ' insMm�n�whethet ac ciat then��ue,�n any exoess o _
<br /> • `` -which fhc fait m�ttet iralae of the Pbnpetty imn�iately 6efone the taking is eqval_to or greater tha�e the amowit of Ihe sums _
<br /> sec�u�Eyr�his.Savriry Inst�nent ima�ediateiy before the t�king.unkss H«mwer and Lender afierwise ag�et in�writing.
<br /> � ' ��s�d by this Secaei�y In§uumrnt shsli be Rdnced by the amoune of the proceeds mulfiplied by tht foRowing
<br /> � fraetia�: (�l the toml amou�of the ns�ed immediately beface the talcing,divided by lb)the Fa�r maricet vatue of th� -
<br /> - Pri�ge�ty im`madiately 6efaa the'takin& Any balanoe shali be pvd to Bormwer. In the event of a pasiai i�king of the
<br /> ptopesty m whieh thr f�'ir maricet value of tl�e Propeny imined'�atety�before the taicing is tes�than the smo�t af the r�ums�: -
<br /> � � �sea�aed immediately 6efoca Q�e t�idng..unkss Boriower aad Lernler otherwise agaee in writing cx untess applica6te !aw .
<br /> otli�wis�provides.the proceeds sGatl be applied to the sums suurcd by dus Secutiry tnswmeat whether or not tho sums ane
<br /> ti�en�ue. � . .
<br /> If the Ropeny�is aUuidaKd 6y Bormwer.ur if,after notice 6y l.ender to Borrower that the condemnor offers ta make
<br /> . �n ayil�d a�sep]e a claim fa daneaBrs.BamwR faits!°rcsP°nd to Lender witfiin 3Q days after the date the notice is givm.
<br /> Leeder is�ut6oiized to colkcE and apply tAe proceeds.at-its opdan,either.to iesta�ation or repair af the Propertyi oF�ta tbe
<br /> . sums socwed by tius Security iastrument�wbecher ar na thm due. � .
<br /> Unless'l.ender aad�3arower otl�er�vis�agm us writin&�y appliption of proceeds to principal shall�at extend or�
<br /> , postpone the due date of the montlitY PaY�ts nferted to.in p�vragraphs i and�or change the amount of such payments.
<br /> - IL �ocevRer Nat ltde�: Fatbara�ce SY l.eadtr Nat a VPaicer. Extensian of the time fa' paymem or
<br />— - �aodification of amo�tiiation of the swns seciind by this Security Insorurttent granted by Lender to arry successor m intercst
<br /> i
<br /> - of Ba�rrower shall not aperate to ml�ace the liabTiy of the origina!Borrowe�or Borrower's successors in intens�[xader -_-
<br /> — y(���ot be nquind to commence pEaceedings against any successw in interest or refuse to extend time for payment or
<br /> _- otlxcwise mddify amoRizatioa of the sams secuted by this Securiry lnsuument by t�ea.wn af any demand rtade[�y t�e originat _
<br /> - . Bonvwrer or Bonowec's soaessocs in intere�t. Amr foeb�uance by Lender in exercising any right or iemedy shal!not ix a -
<br />-_ �rai�er of ar peehde ihe exec�ix of any right or semedy �covenanu and ag�+eert�ents of this =
<br /> --- —, 1Z. Saoa:�eors sed A�es Bwad;J�t and Se�a9t Liabiiit9:Co-�ers.
<br /> == —; Secauicy Insuument shall bind and benefit tlK successas and astiSns of i.ecKier and Bonower.subject to the Provis�ons of _-
<br /> _' � paragraph 17.Borrower�s covcnants and ageements shal!be joint and seVeral.My Borrower who co-signs this Security � --
<br /> `'` ` Instnm�ent but does not execuie the Note: (a)is co-signing this Security Instrument only to mortgage.grant and convey that =
<br /> -`- ' 'Boitower�s i�est m the PNpeRy�der iha temis of this Security in.�u�uoen� Ib)is not persanally obligated to pay the sums _ .... ��=.
<br />��,... secured by this Security Insuumen�and(c)agrees that l.ender and any otfier Borrower may agree to extend.modify.forbear �._
<br /> :,:'�.� or make any accomm«iations with mgard to the terms of this Securiry Instrutnent or the Notc withaut tiu'�t Borrower's -- __
<br /> consen� -— -
<br /> � ]3, Laao Clwegea. If the taan secured by this Security (osnument is subject to a !aw which seu maximum loan -���
<br /> `'° charges.und that!aw is finally interpreted so that t1�e intetest or other loan charges coRected or to 6e collected in cannection �_-� _-
<br /> with the toan eaceed the permitted limits.then: (a)any such loan charge shall be reduced by the amount necessary to reducc -
<br /> - the charge m the permitted limi�and(b)a.�v sums already collected from Bom►wer which exceeded pem��tted limits w�ll be
<br /> ` iefunded to Barowcr. I.ender may choesa t�make this refund by reducing the principal owed und�z�ci%e Note ur by making a . ��:_
<br /> dizect payment to Hotrower. If a refunff reduces principal.thc tpduction will be treated as a partca��r�paymerU without any
<br />�, ���� pmpayment chacge under tLe Note.. �=a=
<br /> � : • • 14. Nottoes. Any norice to Bortower provided for in this Security Insuumert skai� be given by delivering it or by T. �
<br /> �:;N � , mailing it by firs[class ma1 untess applicable law requires use of another methad.The no[ice shall be directed to the Property , �-_.
<br /> • pddcess or any other address Horrowes desigr►aics by nolice to Lender. Any notice to l.ender sha(!be given by ftrst class -g�;-;,�.
<br /> ��!•:.;�;` mail to Lenders address stated herein or any other address Lender des'rgnates by notice to Borrower. Any notice provided for �::"�3"`-
<br /> z:�_�-�-_
<br /> ��'�`r� in this Security Instrument shall be deemed eo have been given to Borrower or Lender when given as provided in this _ -��. �
<br /> .�"t,
<br /> . . P��Ph• }'_. � �_..
<br /> ., :l�• , [5. Governiog Ls►w:5everabllity. 7'his Security Instrument sha11 be govemed by federal luw and the F�ur of the ; i.�,-�.,�,,
<br /> '�`�'4` - ,nsrisdiction in Kfiich the Property is lacated. in the event that any pmvision ar clttuse of this Secur+ty lnstrument or the Note �:�..,.�,
<br /> S,:;, <<-���—
<br /> � '�` conflicts wi.h�g�icA61e law.such conflict.�atl nat affect ather pravisios�of this Secudty Insuumenior the Note which ean _ .
<br /> • . be given�feet without ehe canflicting provision. To this end the pravisian.ti af this Security Inytrument nnd the iVate are "j=;'"�`,:'
<br /> � dec�ared to be�everabte. .,,•j ?;
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<br /> ' 16. BurroWer's C�y: 1�^rower shall be given oaae wnformed cupy af the IYote and of this Secu�ity Instrument. ...,�,�...�,�_
<br /> � , 17. 7lrans�ev of the Yroperty ar a Beneticial laterest in Barrower. lf a0 ar an}�part of the Property or any interest in �;��s-�
<br /> �''� it is sold or transferrcd(or if a beneficiai interest in Borrower is sold or�ransferrcd and Barrower is not a natuml per.san) _
<br /> ,t, , ��""-:_��
<br /> ''''��: without L.ender's prior written consent,l.ender may.at itti aption,require immediatc paymcnt in full af z+p sums secured by
<br /> - this Security Instrument. Howe�er.this aptian shpll not be exctcised by Lender if cxerci�e iti prohibited by federal law as of ��`�*"--
<br /> �,,1�,_ .
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<br /> the date af this Security insuument. -��= `'
<br /> * I
<br /> Itl.ender eaerclties this option.Lender thaU give Borrawer nntice af ucceterati��n. The natice shall provide a period of �;s�'=:-':`:
<br /> - �_ � not Iess than 3b days from the date the notice is delivered vr mailed wlthin which Botrnwer mu�t pay All sums secured by this ' ���--
<br /> `i .
<br /> " Secudty Mstniment. If Borrower fails to pay thcse sums priar to thc cxpirati�n of thiti period.Lender m:►y invoke any _ ;:t..:�.•
<br /> ;,�:.�.:-' remedies pertnitted by this Security lntitrument without funher nrnice ar demand on B��rrnwer.
<br /> �'""''"; r I8. Borrowee's Right to Reinstate. !f Barra�ver mects cer�uin canditions. BOffU�yCi •haU hnve the right ro huve �
<br /> ' enforcement of thi�Security instrumen�discontinucd vt.my time prinr ta thc carlier of: (s�►5 days(or such ather perirnl a� ':�i,;',' :
<br /> . .��. . Singtc Famity..Fannie Nae/FnAAk 1�1ac t'rlFf)At111S'IRt�HF\T••Unif�+rm Cinonanh 4t40 �pn�r J n/b pqe�•+� ;•��'.1� .
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