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<br /> . Li the event of a total talcing of tGe Ptuperty. tLe pocoeds shall bc applied io the sums secu�ed`by ttis SecurnY
<br /> IasaumenR wlKtbes oe nat then due.wTith any ea«ss pud to Borrower. In tbe 4vent of a p�ctial tafubg of the Prqpeny in
<br /> • which the fair tn�ket qalue of titt PropenY immediatel3(6etorc thc wking is eqwa!tQ ot gtrater th�rt the amnun�of tbe sums'' • .
<br /> secu�od Is`y this 5a�urity lnsuim�ent immediauIg 6tfon the tat�sg.unless Borrower and L.ender.otberwise ng�ee in writing.
<br /> . the sums se��ued tsy titis Setutity Inctiument s1s31!6e seduc�d b�C the ama�nt of the proceeds�nultiplied by the foltowing .
<br /> - fraction: f�+)ttsc totat�masnt af 3he swns secuced smmediateiy bcfcxe the takiag.divided by lb)the fair m�rlcet vaIue of the .
<br /> • ptvperty immediately befae the t�ing. My�boiance shaU bc paW w Borrower. In tlse event of a partial tatcing of tiie
<br /> - pmperty�n wbich tfie fair muluDC vaIue of the Pt�ope�cy immediately 6efae the taicing is less than the amamt of tl�e sums . -
<br /> securcd immediatdy Nefae the taking.uniess Boirower and Lender othecwise agcee in�Titing oe unless appticaBle iaw
<br /> qherwi,x p�m,ides.tho proceeds sdall6e applied to the swns secuied by th�s Securiry Insaument whether or not the sums a�e
<br /> tNea dae. . �
<br /> � tf thc F�+ope�ty is absndcxied by Borrower.a if.after aaace by l.ender to Borrower that the ca�dewwt offers[o maice _
<br /> aa awa�+A or settle a ciaim far damages.Boaower faits to respond to Lender within 30 days after tde date the riotice is given.
<br /> - t,a�dec is authorixed to croltect a�d appty the proceeds.at its aption.e'nher to rescocatioa or reRai��f the F�°PenY�to the _ ��g
<br /> � sums secu�ed by this�Security'lastrumen�wheWer or na tt�en due. - -
<br /> • Uniess Lmder and Borrower ahenwrisc agtoe in vvritiag,any apple�uion of proceeds to principai�shalt not ea�tend qr
<br /> - — � postp�xie the due date of the monthly payments nefecred to in patagraphs 1 and 2 or change the amount of such paymeats., ,
<br /> - ' 11, Borra�rer Nd Releastd; Forbearaaoe By I.ende'NW a Waira: Extension of the time for payment or. __
<br />-- modificadan of amortization of the sums seevred by this Security I�icwment granted by Lender to any successor in interest , . —
<br /> _ of Bomnwer shall not aperace to celease the liabiHry of the arigina!Boriower or Bo�awer's•successors in inteiest Lender _ -----
<br /> • shall not_be requiied to camme[�ce p�nc�din&4 a8ai�t anY Su�ssoc in interzst or refuse w extend wne f�payment or --
<br /> -- • otbcrwise aadify amortization of the swns secweA by this Security Insuwnent by ceasan af any den�and made by the original = ---
<br /> = Borrowa or Bort�nwer's successors io intetest• AaY fabearance try Lender in eaercisinS a�Y rig6�or�ne�Y shall not be a =—
<br />-__� , waivcr of or pext�de ehe exercise of any�t or remedy: - � �_=--
<br />-�`� 12. Snccessa's and A�ns Baaed;i�t ad Several Uability;Co-si�oers: TAe care�ars aad agnrements of this . �:_:.
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<br />. Seeurity insaument�hall bind and benefit the suceessors and assigns of Lender and Borraaer.subject to the provisions of �..��---
<br /> . __ Paragraph 17.Borrower's covenanu and agr�.�emencs sha�l6e joint and several.Any Borrawer a-ho co-signs this�ecurity ,��r'�.;
<br /> � � (nstrument but does not execnte the IHot� ta}�is co-signirrg ttr�s Security tnsuument only tp�ge.grant and caavey Wat . -- `"'°;__-
<br /> ,��' Borrower§in[erest in the Property under ehe tenns of this Security Inctnimen� (b)is not persanally obligated to pay the sums __ . -�--
<br /> �- secured by this Security 1nstiumen�and(c)agrees that Lertder and any other Boma�r,�r may agree to extend,madify.focbear !'•��-r-`�,-
<br /> ` �'�, or matie aay accommodacions with regard to the terms of this Serurity tns�htt�or the Note without tMat Batrower�s . ,'::�"`-����-
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<br /> ;,, - �' , 13, i.oan ChArges. If�he loan secured by this Secutity lnstrument is safs;ect'to a law which sets maximum toan _,.f�f�.;_,:_,_,_�:°�
<br /> ;.;:.. `,i.�;:. charges.and that!aw is ftttialiy intetpc�sa that the intenest ar atErec loan chacges coltected cr va�e callected in connection -
<br /> �''�=�<� with the loan exceed the permitted lir-�.:�en: !a)any such Eoan charge shall be reduced tsy���:ount necessary to reduce
<br /> J the eharge to the petmitted limii;and'f sY any sums alrieady collected fmm Bortower whic[s�a�as�3 peRnitted limits will be ' .
<br /> . .iEflltl�ICd(O BOflOWC[ l.er�?er may chaose to make tQ►is cefund by reducing the pm?�cipal owv�:�:�er the Not�ar f±y making a <,,. r,,:1,.;,;_
<br /> '� =,�.;� Aireet payment to Borrox•� 1f a refund reduees pcinav.pal.the.ceduetion wi116e���!as a partiut p�paycaert without any ��.��;��;.,:-
<br /> ,,��. prepayment charge und:r c:i�Note. ``'�•`""�.- -�
<br /> . � 14. Nptices. Any natice to Borrowes provided far in this Security lastrument shall be�ven by detic•ering it or by ' '
<br /> • �� ' mailing it by first cla�.S mail untess applica6le law requires use of a�aoiher methad.The notice shaTI be directed to the Praperty �''�-�-�r�--
<br /> •� Address or any ather address Borrower designates by notice ro Le�der. Any notice to Lender shall be gi�en by first class ' '. -
<br /> � ''��� ' mail to l.ender's addces.4 5-�.ated herein or any athev address Lender designAtes by notice to Borrower. Any norice provided far i. ;•;' ; �'��`
<br /> � "�'' in this Security Inattusr,:nt shall be deemed ta have b e en given to Borrower or L e r t de r w h e n g i v e n a s�r_-5 7 d e d i n t h i s i:.;�:�;'• , :;. •-,_�
<br /> •.�i P��ph. _
<br /> 15. Ge►verning Law;SeverabiNty. This Security Instrument shall be gavemed by fe�t�al law anQ thc law of the . _
<br /> ,; jurisdictici�ii:�which the Property is tacated. ln the event that any provisIon or ctause of th�S��ty In.strument or the Note ; __
<br /> � � � • conflicts wifh applicabls law,tiuch canflict shall nat affccl ather pravitiions af this 5ecnrity Drs�r'wT�t or the Note which can :-�-
<br /> be given effect withaan�,s conflictins pravision. To this end the proviwianv of�.4ic Security f:�strument��:he Note are '�_-___
<br /> •• : declared to be severa��:. :�� , ,•� ,---
<br /> y •. 16. Borrower's Copy. Borcower shall be given ane confurtned copy of th�1�:a.:.aad af thi4 Security tasrsr-^ient. . .�-� �_;_�
<br /> � � �. IT. 7�ansfer ot the Property ar a Heneficlal lnterest in Borrbwer. If aQ or any part oF f^.Praperty or any interest:,R �'` . �. --.�;�,�„�..•--
<br />_ , . it is sold or transferred(or if a bene�cial interett in Barrowcr is sutd ar transferred:snd Borrd��er is not a natural pers�:i `r,` '�--�v�,--
<br /> withom Lender's•prior written conscnt.Lender may.at its aption,requirc immediate paymeni in full of ull sums secured�;•. . ,. �. ;;-.�`�,_,_ _.
<br /> -• �;-' this Security Instrument. Howcvcr.�his aptian shall not be excrcised by Lender iF exereise is prohibited by federal law s�c aY ;+ _ -�.y�;.
<br /> t the date of this Security Instrument. . . ��' . � .� °•
<br /> �y° If Lertder exercises thir option.Sx�3er shall give Bortower notice of acceteration.�'fhc r.�.�:�e�bAl!provide a periad e� ' • � �=j".
<br /> • , , 4�.' • not lesv than 30 dayc fram the date the ao3ice is delivered or maited within which 8urroWer m�sti�;:y all sums�ecured Dy cCt�: !.•��'.
<br /> ':,{:�� ��._ 5ecurNy Instrument. lf Borrowcr fail.to pay thetie�ums prior to thc expimtion o!�hiti pc��::�:. �ender may invoke�.�� �' � �' �,';,���,;�' .
<br />' �;? - �;���:• ' remediec permitted by this Security Insirument without funher noticc or demand nn Barrowcr. � .
<br /> " '`�� � �' 18. Borrower's Rig.1�t to Relestate. !f BoROwcr meew certain canditinnti. Bonawer shall have th�right to hace , . .
<br /> � � enforc�.ement af this Security Instrument�isr�ntinued at any time priur ta�he c�rlier��f: Is�)5 d�ys Ior tuc�r other prriod as ;�{;1 . �
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