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<br /> -- candcmnation or other�okins of any part of the Piraperty,or for�anveyance in lieu of condemnation.ure Ixreby essi�ned and �'`°'`"�_
<br /> ' �hall be paid to Lender. �;��:__.__
<br /> , j In the evem of a tatal taking of the Propeny, �he praceeda shnll be a�nlied �o ihe sums secured by this Secu�ity + ~ _
<br /> Instniment,whether or not�hen due� with an excess pid to Borrower. In the event of a nid tokin of�he Pro n in ` '"�''�'�'"
<br /> Y P PA 8 Pe Y �1:� T� �v-��x
<br /> �� whic h the fair merket value of the Property immediately beforc the tnking is equol to or Brca�er thnn the Amount of the sumc _ - -, -�-:,--.;��
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<br /> secured by this Securi�y Ins�rument immedietely before�he tolcing,unless Borrower and Lenderotherwise agree in writing, •A'?M�7-�:«;� _
<br /> the sum�secured by this Securiey Inawment ahall be rcduced by the nmoun� of the praceeds muUiplied by the follawing I ' ��7�••^�+�`
<br /> � ftection: (a)the total umount of the sums securcd immediately before the taking,divide d by(b)i he fa�r market value of the •ti : �
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<br /> Propeny immediately beforc �he uking. Any balance ahall be paid to Horrowet. !n the event ot a partial taking of tha �.�•- �•�.+;.,,,;,����a_•�
<br /> . .�z�� � c�u�,�.,[y u� n�;cL a�� fai� ���c.;��i:aSc: ai iS��I`�r,�,.;.J �r.:::c3iat�t�b:.fatz thc tal:ing is less than the nmc�unt �f thr+�omc . .� :
<br /> secured immediately before the taking, unless Borrower and Lender otherwise agree in w�iting or unless upplicable law f . '�,=;;�',°,".,�
<br /> otherwise provides,the praceeds sholl be applied to the sums cecured by this Security lnsaument whether or not the sume are ' '
<br /> then due. I .
<br /> ' If the Praperty is abandoned by Bartawer,or if.after noiice by l.ender�o Borrower tha�the condemnor offers to make
<br /> an award or senle a claim for darnoges,Bo�ower fnils to�espond�o Lender within 30 days af�er the dete Ihe natice is given, �
<br /> , � Lender is authorized to collect and apply the pmceeds,at its aptian,either to resw�tion or rcp�ir of the Ptoperty or to the , , •
<br /> sums secured b��this Securiry Instrument,whether or not then da�. �.� �•. '
<br /> � Unless Lender and Barrower othenvise agree in writing, any application of proceeds to principal shall nat extend or , " •.;;,;.;i .
<br /> , , .� postpone the due date of the manthly payme�ts referred to in paragmphs 1 and 2 or change the amount of suc h payments. � .. ,
<br /> •• 11. Rorrower Nat Released= Farbearance By I.ende� Not a Walver. Extension ot thc time for payment nr , ,
<br /> , � modification of amonixatfon of the sums secured by thia Suurity[�etrument grnnted by Lenderto any successor in interest '
<br /> � � of Borrower shall nat operate to►elease ihe liabiliry of the original Borrower or Borrower'a successors In interest. Lender � . .
<br /> . � shall not be required to commence prceadings against eny successor in interctt or refuse to excend time (or payment or , • '`• =�'•'=�_-_
<br /> otherwise modify amanfcation of the sum�secured by Ihis Securiry Inetrumem hy reaxon of any demond mede by Ihe original �:.�� '°. '�'l.iw;
<br /> � �'. �� � Borrower or Borrowe�'s successors in interest. Any forbearance by Lender in exercising any right or rcmedy sball not be a � '� ��!�:`��°• _
<br /> ' waiver of or prcclude the exerc�se of any right or rcmedy.
<br /> � 12. Successnra and Asslgns Bound;.lafnt and Sever�l LiabiNty;Co•si�ners. The cavenants and o�reements of this ' .' ",: �hr`��;_
<br /> � ��� :, Security Inswment shall bind und benefii the successors and assigns af Lender and Borrower,subject to the provisions of ' __!:
<br /> - .,, , peragrnph 17. Borrowers covenaMs und ngreements shall be joint and severot. Any Borrawer w•ho co•signs this Security =
<br /> [nstrument but daes not execute the Note: (a1 is co-signin€this Security Instrument only io mon@age,grant and convey that ' 7
<br /> . Borrower s interext in the Praperty under the terms of this Security lnstrument; (b1 is not personully otdigated io pay the cums ` �n�:_
<br /> � secured by this Security lnstrumenr,and(c)agrces�hat Lender nnd uny other Borrower may uFree to ex�end.madity,forbear ; %1,`�-
<br /> � or make uny accommadation: with regard to �he lerms of this Security lnstrument or the Note wi[houc Ihat B�rrower's � -
<br /> consent. .�.�=
<br /> � 13. Loan Charges. If Ihe loun secured h�•this Security lnstrument is subject to a Inw which sets muximum lonn � . --"'�
<br /> charges,and thot law is finully interprcted�o that ihe interegl or other loan chargeti collecled or to!x colkcted in connection �" " �"�"�
<br /> � with the loon exceed the permitted limits,then: (n)any�uch laan charRe shnll be reduced b�•ihe omount necessary to reduce �.��-•_:°•:��r.+.�•
<br /> c��n�__..�..�
<br /> _: � � the chnr�e to the pertnilted limit:and(b)any sums alread��collected from Horrower which exceeded permitad iimics wili ix ���-,�F_��•�
<br /> � refunded to Borrawer. Lender may choose to make thls refund by reducing Ihe principul owed under Ihe Note or by mnking a °: :s;.�s�,s��'i�
<br /> '� dircct pnyment to Borrower. IF A refund reduces principal, the reduction wfll be treated as a panial pr�epayrnent without any ,
<br /> prcpayment churge under the Note, `''`•'��'�!�
<br /> 14. Nutfces. An�� notice ta Barrower provided for in�his Sccurity In�trumen� choll lx Fiven hy delivering i� or hy � 1 �
<br /> mailing it by first class mail unless npplicnble luw requirex use af another methad.The notice shall tx direc�ed to�he Pro{►eny �-���
<br /> Address or nn y other addrcss Bartower desi gnotes b y notice to Lender. An y natice to Lender ahs�ll be given by first closs --y_-- "'""`�—�
<br /> mail to Lender's address stated hercin or any other address Lender designaies by notice t'a Bortnwer. Any notice provided for ��«::-�-� -
<br /> � � in this Security Instrumenl shall be deemed to have been given lo Borrower or Lcnder e�hcn �ivcn as provided in this _� -�"-
<br /> P�►S�Ph• a,�:`
<br /> � 15. Governing LaN�; SeverabHity. This Security [nstrument shnll be crnemed by (ederul IAw und►he low of the �' -}' .-��.�
<br /> Jurisdiction in which the Propert�•is locn�ed. In the event thut am�provision or clause of this Securiry lnslru rnent or the Note �-=-� '"
<br /> i conflicls with upplicuble Inw,such conflict shall not nffect other provisione of this Security Instrumem or the Note which con ~="-
<br /> be�iven effect without the conflicting provision. To this end �he provisions of this Securi��• Instrument and the Note are F-+-
<br /> declared�o be severnble. `�
<br /> �._.
<br /> � i 16. Borrower's Copy. Borrower sholl be Fiven one confortned copy of�he Nate und af this Security Insirument. :.`�.,:�'-_:
<br /> i 17. TrensPer of the Properl���x�a Benc�icial lnterest fn Borrawer. If ull or uny pan of the Propeny or any inrercst in _-__--
<br /> i� is sold or�ransferred lor if a beneficial intercst in Bormwer is�old or trunsferred nnd Borrower is noi a natural person)
<br /> � ' � without Lender's prior wrilten consent. Lender ma�•.at ils option.require immediate pnyment in full of all sums secured by � `:�°'
<br /> ' this Security Instrument. However,this option shall not be exercised by Lender if exercise is prohibited by federol law as of
<br /> the de�e of this Security Instrument. � �.:-v�� ,
<br /> � ` if Lender exercises this option.Lender sholl give BorraN•er notice of ncceleration. The notice xhall provide n period of � �=•--
<br /> � not less thun 30 days from Ihe date the notice is deli��ered or mniled within W�hich Horrower must pay al)sums tecured by this
<br /> Securily Instrument. If Bortower failc to pny these 4ums prior to the expiration of this period, Lender may invoke any � '��' ��-�"..�-•'`_
<br /> � rcmedies permitted by this Securit�•Instnimenl without funher notice or demand on Borrower. � �"`"`��'�.�
<br /> � 18. Borrower's Rlght Io Relnstate. If Borrower meets cennin conditions, Bortower shall have ehe right �a huve ""�`���
<br /> enforcemem of this Security Instn�ment discontinued ul uny�ime priar to Ihe earlier of: (a)5 day�(nr suc h other periad os
<br /> d � Single FunNy•-F�nnk MadFreddk f►1oe UnIFORM INSTRUMENT•-Unlform Covemms 9i90 qwar d��J n po,�cc 1
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