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<br /> • condemnution or aiher laking oi wny part of the Property,or for conveyence in lieu oF condemnetion,ure hereby axgigned and `-���
<br /> ��,-�_ -� ��--- --- shall M+naid to I.endcr.
<br /> � . � In Ihe event of u totwl taking of the Propeny, the proceedg shull be Applied to thc aums securcd by thir �ecunty - - -
<br /> ���.:.,-:_
<br /> . ' In.rtn�menl,whelhe� or nat Ihen due,with uny excesa pald to Borrawer. In tix even�of a paninl�aking oi�he Pmperty in a.��-
<br /> � whkh thc inir market vutuc of�he Propeny immediatcly befixc thc luking iy equol to or gru►ter ihAn Ihe umount oi tha sums � --
<br /> � � � xecur+ed by ihia Securi�y Inetrument immediately befarc ihe taking,unle4s Borrower and Lender otherwir,e ugree in writing,
<br /> � the sums secured by�his Security Inslniment shull be rcduced by lhe nmaunt oF the praeecb multiplied by the f�llowing
<br /> fraction: (al the totnl arnount of tho sums secured immedia�ely befor+e�he taking,divided by (b)the fair market vulue of the
<br /> Rapeny immedia�ely befare the luking. Any balunce ehall be pnid �o Borrower. In the evcnt of a punial taking of�he �Y� ---- _=
<br /> _ _ Property in whkh Ihe fair market value of the Praperty immediately beforc the�aking is Icss�han�he amount af�he xums � k. '� '�
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<br /> _ _ secured immediutely beforc the IAlclns. unless Borrower und l.ender othetwire nRree in writing or unless uppficable luw � �
<br /> --''� ' otherwise prcvides,the proceed�slwll be epplied to the sums secured by this Security Instrumem whether or not the sums oro !' •
<br /> then due.
<br /> If thc Pmpeny ia abandoned by Botrower,or if,after notice by Lender to Borrower thnt thc candem�or affeR ta muke �"- �
<br /> an award or xetde a claim tor domages.Bonower fails to respond to Lender withln 30 day+nfter the dnte thc noticc i4 given, ��:•.;;�"�°°-,,,-.--_-,.--._�--------.,=:
<br /> Lender fa aulhorized lo collect and upply the pracceda,at ita option,either ro nxtoradon or npuir of the Property or to�he `°
<br /> " sums securcd by thls Secu�lty Anetrument,whclher or not Ihen due. �
<br /> Unless Lender und Barower atherwiae agree in wri�ing,any npplicntion of proceeds to principul shall not extend or ' '� _,_
<br /> ' , poatpone tbe due date of the mon�hly payments reterred to in paragmpns� anu�or change�he amoum of such payments. .-____ -__--_. _
<br /> � !l. Borrower Not Rele�sedt Fbrbearana By Lender Not a Walver, Ea�enabn of thc time for payment or ,_ `—
<br /> modifica�ion of ernonizution of�he sums securcd by this Security Instrument gronted by I.ender to any succevcor in interegl
<br /> . of Borrower shell not opemte to rdease�he liability of�hc original Borrower or Harroweric successors in interest. Lendn� _
<br /> • � shall not he requircd ta commence praceedings agnins�any successor in intercst or refuse to extend time far payment or -- -
<br /> � otherwise modify amortization oP the sumR secured by this Secu�iry In4ln�ment by reacon of any demand mude by the o�iginal __-
<br /> . � Barrower or Borcower4 auccesxors in in�erest. Any for6earnnce by Lender in eaercising eny rfght or remedy ahall na be u __
<br /> _ . � waiver of ar preclude the exercir,e of any�lght ar rcmedy,
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<br /> , 12. Successors and Assigns Bound;Jotnt and Several LipbNily;Caslgners. The covenAnts und ugreemems of�his � �` �
<br /> . . I Securiry Instniment shail bfnd and benefi�the successors and assign4 of Lcndcr und Bortower,subject lo the pravisions of _ - X"°''
<br /> _ paragrnQh 17. Barrower'g cavenamg and agreements shall be joinl und severnl.Any Bortower v�•ho cu-signs this Securily �,u.
<br /> - Inslrument but does nm execute the Note: (a1 is co-signing Ihis Security Inx�rwnent only to mangage,grunt and convey�hAt -�
<br /> � BoROwer is interesi in the Property under Ihe tertns of this Sccurity Ingtrumem: (b1 is not Exr��nally ohliRated to puy the sums �"'`^�
<br /> .. secured by�his Securily Inxlrumenl:and(c)ugrees that Lender and any other Borrower muy ugree to exlend,mcxlify,Porheur -
<br /> or mAke Any accommodations wilh regard to the tenns of this Security Instrument or Ihe Nate without thAt Bornower a
<br /> � consent. -
<br /> 13. Loan C:harges. If the lonn secured By this Securily Inxtrumenl is xubject to n I�w which xet+ muximum loun �
<br /> charges,und that law is finnlly interpre�ed so that the imerect or other loun churges collected c�r ta be collecled in connection � '
<br /> � with the laan ezceed the permi��ed limits,ihen: (al nny such loun churge shnll t+e reduced hy the amounl nececss�ry to reduce _-
<br /> Ihe rhurge to�he peroiiard IiiniC und lhl nny�u�ns�dreudy cnllec�ed 1'ram Hunowcr whichexceeded pemiiucd limils will tx E`:�---
<br /> ___-. ___-= refunded to Bnrrower. Lender may chnose to m�ke th�s refu�d by rrducing tfic principa!au•cd undcr thc Nnic nr hy making a = -- -
<br /> dircct puyment lo Borrower. If u refund mduces principal,the reduction will be�rented as u punial prepayment wilhout ony °"`—�
<br /> prcpayment charge under the Note.
<br /> � ., 14. Notices. Any nmice lo Bormwer prrnided for in Ibir Security Inxlrumenl shnA Ix Fiven by dclivering il or by ' .-.
<br /> muiling U by firnt clnss muil unlcss upplicuble luw requirca uxe of unother n�eihc�l.7'he nutice�hull Ix dir�titcd a►ihe Pnqxny ��';"_'
<br /> Address or any other aidress Borrower designntes by nrnice�o Lender. Any notice la Lender shull he given by fir.i�clu�cx � ^�A�' :���'-•__
<br /> mai)to l.ender's nddress slated herein or nny i�ther uddreyc Lender deyigni►tes hy not�ce w Borrnwer. Any notice provided for � `���'� `-
<br /> in this Securit lnstrumenl shall he deemed to hnve been "'�' ^
<br /> y given ta Borcuwer or Lender when given uti provided in this ;._: „ ,��
<br /> ParaBroph• I;,.., ;r•�:::
<br /> , IS. GoverninR Law;Seve�abllily. This Security Imtrumenl shull be Fovemed by f'ederul luw nnd Ihc luw of Ihe f � •
<br /> jurisdiction in which�he Prapeny is lacn�ed. In�he event thni any provision or clnuse aP this Securi�y Instrument cx the Note �-
<br /> conflicls wNh applicable Inw,xuch canflic�shull not affect rnher provisions oP this Security Inswmenl or�he Nole which cun ' _
<br /> be given eFfect wilhoul the conflicting provi4ion. 'lb Ihis end the provisions of this 5ecurity In�lrument and the NWe or+e =� '--
<br /> declared to be severnble. I ... �<<�`'._ .
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<br /> 16. Borrower's Copy. Borrower shull be given one conformed copy of Ihe No�e und of thf�Security Instrument. `;�..�
<br /> 17. 'I�ensfer of the Property or a Beneflciol lnte�est in Borrower. If nll or uny pun of the Propeny or uny intem.r•i in
<br /> it is sold or transierred (or iF u beneficiul interesl in Borrowcr i4 sold or tranxferced and Borrower iti not a nawrol personl '
<br /> ` I without Lenderti prior wrillen con.r•ent,Lender may,ul its oplion,reyuire immediute payment in full uf ull xums xecured by
<br /> l �his Secu�ily Instrument. However,this option shall nol be exercised by Lender if exercise is prohibNed by federat luw as of ;• �___
<br /> the date of Ihis Security Inwrument. �p*,
<br /> ' If Lender exerciges this op�ion,Lender tihull give Borrower notice of accelerution. The no�ice shall p�ovide n periad of �'rrR �
<br /> ' not less thon 30 dnys from Ihe dete Ihe notice is delivered or mailed wi�hin which Borrowermusl pay ull sums secured by�his . ��
<br /> , Security Instniment. If Bomower failc�o puy these 4ums prior�o �he eapirulic►n af thix penod, Lender may invoke nny �
<br /> remedies permitted by Ihig Securily Inxtrument wilhout further notice or demund on Borrower.
<br /> �. ' 18. Borrower's ltiRht ta Relnstate. If Bormwer meels cenuin conJitinnx, Borrower sliull huvc �he ri�hi a� have
<br /> , enforcement oi�hix Securily Instrument discuntinued u�nny�ime prior to the eodier of: la1 S days lor zuch other period as
<br /> � ' Singk Fnmfly•-Fmpk MadFYeddk Moc UNIFURM IN,4TItUMENT-•UnUam Covcmnl� 9/90 qri�tt I o/n/w�rsl
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