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<br /> _ _ �_ __ . .- = -��rr,;;d���,�.;'��.:s���•,f�he ptt�nt�r_e fac cnnvFy�e pt lieu of condemnati6a.ue heK1ry�ssi8ned 9ad __
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<br /> � . , ' si�il be paid ia Ltnder. ' _ � shall 6e a lied ta the,sums�secuced by this SecuricY
<br /> �In tbe�rcnt of a toql takin8 of tbe Prupetty.thc proceeds PP of the Ptaperty iR '
<br /> Tncoiiiment.wiietMr or aat thm due.with a�y exoess paid to Barowu. In tlx event af a partiaf t�ia8 -
<br /> afiich tl)e fair m�'ket vatae of t8e Piropetty immediateiy 6efae the talcin�is o�aa!to or g�eatec tban the amount of tha.sunts .
<br /> sec�u�ed!sY tbis.Securi�Y Insntanrnt imm�disteiy befoc�e thc ts(Qng.w�ss Bamwer and I.ender att�wise agRe in writin&
<br /> , tha svnts savzed by this Sxuriry insuunxnt sAall 6e�aduced by tbe amount of the prooeeds multiptied by the fotlowing .
<br /> fraction: {aj t6e w�a!amuunE of the sums secuotd immediately 6efone the taicing.divided 6y.(b?the fair market valoe of the
<br /> pioppiy imtoe�diateiy 6efae tl�e t�iciag.. My 6alana s6all be paid to$artovrer. in tlse evmt uf a paRial talcia�af Qre
<br /> : - ploperty in which.the:fair m�rlcet valu�of tlie Pmperty immediately beforr the caYing is less ttian the�t of the sums
<br /> � secut�ed immediateIy befo�the taking.unless Hors�fwer and Lender athetwise agite ai writing or untess appticabte taw
<br /> athervvise puvides,the p�ocoeds st�ll be appusd to tt�e sums sec�d by this Security Ins�t whetT�er or not t6e sums aie
<br /> tf�ea dnc. • .
<br /> -__�i'r tbe ptnperty is abandoned t�Y Bomnwer or if.after naice by Lender to Bor�ower that the cwademnor offas w make `
<br /> an awud or settk a ciaim fa dunages.Borrowe�falc to respa�d to Lender within 30 da�s after the date the notice i wYth ':
<br /> I.ender is autiwrizat to volkct and�applY the procoods;at Its opuon.either to cestoeatiat'a repaic af the Prope�ty
<br /> snms secuted by this Sec�uiry Insaument,whetiieror not the�sdue. �. ���` �• < , . ..
<br /> 1Tnless Lender and Barowa otflerwise agree u�writing.any application of p�.s to principal.sha[i r�eicfertd or �
<br /> - postp�xie tfie due date o_f_ibe monthiy Wy!nents refeRed to in paragraphs 1 and 2 or ch�e�i�e'amaunt of snch p�s. - _
<br /> __ ' , li. �orcuwer Nat Refeased; For�earauee �t.endEf-lYat�- -a��3rrr��--€e'r=�Y�?°t °r
<br /> mafification of a�nortizatia►of the sums secured by this Socurity instrvment granted by Lender tyr r�r+,�uccessor in tnt�
<br /> of Borrower sftaU rot operate to s+ekase d�e liabitity of the.cxiginal Botrower or Bormwers suC�:.°.�.�"a�ia intemst-L,endet
<br /> shall nat be requirrd to c�ammence proceodin8s aS��Y successa in interest or refuse to ext�il time far payment or �
<br /> dhecwise taudify artartizalioa of the s�s seeured by ihis Socurity Insuument by reasoc►of any demand tnacSe by the originaI ,
<br /> Bo�mwer or Bomowers successors in in�est. Any fofitarmc�by Lender in exencising any rigBt or rert�edy shalt nat be a
<br /> - waivcr of or pieclude t6e eaenise of�'�ght or remedy. • ' ts of this .. :
<br /> - � 1�. Sucse�ars aod Ass��wr�;,ioiet sad SeverAl Liabifity;Co�oers. The covenants and agreemen. .
<br />��-x S e c u r i t y I n s u ument shall t�.�`w;�nc��ieirefit the successo�s and assigns of Lender and Borrower.subject to the p�av�s�ons af - .. .
<br />__' pahagraph 1T.Bormwec's oG�u:.;��.s and agreements shall be joint and several.My Bortower w fio ca-sign s t h i s S e t u r i t y .
<br />-.�;_ � insauaient lwt does not execiite the Note: (a)is co-sigrting this Security Irakument only to matgage.grant and canvey tLat ; _
<br /> - Boirower's interest in t he P r o p e rt y u n d er t he tecros o f t t u s S e c u r i t y I n s t r u m e n t; (b)i s n o t p e r s o n a l l y a b li gated to pa y ihe sums
<br /> ' s�cuced isy tf�is Security Instrument:and(c)agm.es that Lender and any other 8ormwer may agree to extend modify.forbear ,
<br />. or make any arcommodations with regard to the terms of this Security lnsttument or tt�e Note withaut that Bo�ower's _': F "
<br /> � cansent �.
<br />-- ''' � •13. Laan Clwegss. If the loan secured by this Security Insuument is subject to a law which se�s maximum toan ,
<br /> `'^ d�'arges�and that law is finally irrterpreted so that the intenest or other toan charges collected or to be collected in connection
<br />'.,�� �w7r6 the loan exceed the pennitted limiu.then: (a)any su�h loan charge shall 6e reduced by the amount aecessary to reduce
<br /> �ihe charge to the pemiitted limii:and(b)any sums atmady collected firom Borrower which exceeded permitted limits wilJ be •
<br /> - Kfunded to Borrower. L.ender may choose to make lhis tefund by reduc'sng the principal owed undrr the Notm onrtb�tm�g��. ' .
<br /> QiYect payment t��Borrower. If a refund reduces principal.the reducci��vili be ueated as a partial prepaY . .
<br /> , ' _ pr�epayment charge under the Note. �:.
<br /> _ 14. Notkes. Any notice to Horrawer provided far in this Sece:.-i?� �u..nr�^r�shall be given by deliv,,ring it or by
<br /> ,�:: mailing it by first class mail unles.s applicable law requires use of ano��er rl:thod.'i3te notice shaU be directed to the Roperty
<br />-. ' Address or uny ather address Borrower designates by notice to Ler.�� Any natice to Lertder shall be given by F�st class _
<br /> - � mail to Lendet's address stated herein or any other addmss Lender desipiates by notice to Borrower. Any notice piavided for
<br />. . in this Security Instrument stu►II be deemed to have been�iven to Barcower or Lender when given a.s prnvided in this
<br /> . p��ph,
<br /> � _ iS, Governing Law:Sevenbility. This Securetz. �nstrument sliall be govemed by federal law and the law of the
<br />� �srisdiction in which the Properiy is located. In the evem that any Provision ar ctause af this Secariry Insirument or the Note _
<br /> � . �', canflicts with applicable law.such canflict ghall not.affect ather pro�is�on.g of this Security In�Strument or the Note which can
<br /> , , $e..given effecx without the conflicting prev-"ssion. To this end the�c�v�sions of this Security Instrument and the Note are
<br /> ' � t,��clared to be severabte. � -
<br /> ; : 16. Borrowe�'s Copy. Boaawer shz:!be given ane canformed copy of the Nate and of this Security lnstrument.
<br /> 17. 71rAacter of!he Property or a BeneQcial lnterest in Borrower. if all or any part of the Property or any interest in
<br /> - it is sald or transferred(or if a berteGcial interest in gvaower is sold or iransferred and Barrowcr is�ot a natura!person) _
<br /> wUhaut Lender's prior wdtten consent.Lender may,at its aplian.re��:'ce immediate payment in fuli of all sums secured by • _
<br />-,;.� '' this Security Instrumen� However.this�,tion tihaU nat be exercise�;���.eadef if exercise is prohibited by federal law a.c of
<br /> ihe date of this Security lnstrumem.
<br />--� , : If l.encler exercities thiw aption.Lender sha11 give Borrower notice af aceeler�..c'san. The notice shall provide u periad of
<br /> r:+�t Icss than 30 days from ihc date thc notice iv dclivcred or mailed within which Bcsrrawcr mutit pay all sums serured by this
<br /> � -f 4 Secwity Instrument. If Borrawcr failc to pay these tiums prior to the vxpiration of ihis period. Lcndcr may invoke any
<br /> "�,"�''��:�: remedies petmitted by ihi�Security tayuumc�i whhout further notice a�:u`:ar.md un Bartawer. _
<br /> � � '•%�• . IS. Boerower'A Right to Reinsta�r�. if Borrowcr mcets ccrtacn cnnditions, Borrawer shull have the right to have
<br /> ' enforcement of ihfs Security lnstrument di�cantinued at any time priar ta the eart:zr af: {A)S dayti(or such othet periad ati
<br /> ' Singlc Femity.-kannk:lfae/Freddie tfae Ctilil)R�f(NS1'Rl"�I�?u -Uniform Covcaan�. 9�90 �puer��I��lh+ees►
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