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<br /> __, �;_ . �� �_� ' candemnwion ar other takin�of eny part of�he ProPetty.or far convey�xe in Ileu of corKkannwioat,ore hereby assi�ned w�d
<br /> "� �r -•_-.. - ` bI1N1�fIC[)AIO lU t.CIN�C6 `--_
<br /> A- °" in t6e evem oi n �aud �uking of the PropeRy,tha grac�is shall be appUcd ta thc �um: securcd by thia Scre�rity �_t
<br /> ' ` � . Instnimem,whelher or not thm due,with any excess paid to Borrower. In Ihe event of a paAiul twking oP the Property in .
<br /> � � " which thc fai�market value of�he Propeny immediauly Ir.forc the taking ia equol to or grcater�hen the amount of the sums
<br /> � „ � � securod by IhiR 3ecud�y Inatmment immedirtely befbrc�he taking,unlees Bornower and I.ender othenvisc ugree in writing,
<br /> � Uu sums securcd by this Secu�i�y Instniment sh�ll be rcduced by the amount af the praceeds muhiplied by Ihe fallowing
<br /> - �, fruclion: (a)Ihe total amoun�of Ihe suma�ecurcd immaliately beFor+e the taking,divfded by(b)the fnir markd value of Ihe
<br /> • � Propeny immedietely bcfore�he teking. Any balance ehall be paid to Bortower. In the event af u partial�aking of the
<br /> � Property in which the fair merket value of�he P�openy immedietely before the taking is Icsa Ihen�he amouat of 1he sums
<br /> -- - . securcd immedia�ely before�hc tuking, unlesr Borrower und Lerrcler ahenvixe ugrce in wri�ing or unleaA oppllcoble law ` �•-
<br /> � otherwiso provides.�he procads chall be applied�o the sums cecurcd 6y�hi�Security Iniuument wiKther or not the■uma u+e
<br /> then duo.
<br /> . If tha PmpeNy ia al+andaned by Hortowe�,or ii,ufter noUce hy Lender us Burrower that�he candcmnor oifen��o make
<br /> � an awurd or xenle a claim far damages.Borrower fufla to respand 10 Lender wilhin :�II duy�aRer the date ihe notice is given,
<br /> Lcndcr is au�horiud�o mliec�und apply�he pmceeda,a�i�s�►ption,ei�her�o «uantian or rcpair of Ihe Ropeirty or to the
<br /> • 1 sums securcd by�hix Securily Inslnimen4 whether or not then due.
<br /> �• � � linleas l.ender und Rinrowcr�qhcnviKe agree in wrfling,any u pNcu�iix�uf pnxeeJx to prirrcipul Khwll m�t exlend ur
<br /> P rc
<br /> paslpooe Ihe due dule nf Ihc mnnlhly puymcnts refeRCd la fn parn�mphx I und 3 ar change Ihe amount of�uch poymenlx.
<br /> 1l. Bo�ower Nnl Reka�edt Fo�bear�nce By I.ender Not o Wilver. Ex�cnslan of ihe �ime Pcx payment ur
<br /> . modificaih►n��f'nmoniza�inn uf ihe xumx securcd by�hin Security Innin�mem granled by I.enJer 1u any�ucceewr in intercst
<br /> of Bormwer+�hall nM operu�e to rckase�he li�hlli�y oF�he o�fginal Borrowe�or Bnrmwerk�ucce�wr�in imercst.L.ender
<br /> �hall not he reqnlrcd la commence procc�linas wgaln�l any nuccessur in ir�ere�t or icfuee lo exland lime fM puymenl or �,9.=�
<br /> otherwiso mc�dify umnnitutiun of the nums+�ecured by�his Security Inslrume�u by rcason of uny demond mode by the original
<br /> Bormwer or Barmwer x cucceA�on in inlerc4t. Any farbeqrance by Lende�In exerchM�ony d�ht ar remedy�hnll not be o �.`�
<br /> waiver of or prcclude the exercise of uny right or remedy.
<br /> 12. Succe�on wod Axel�na Boundt Joln1 wnd Several I.IpblNtyt C'aaigaere. The covenunis und ugrcementx af�his __
<br /> Security Instrument ghull bfnd und Uenefi�the successorx and acgignc af Lender und Barrower,xubject w�he provisiona of
<br /> pnrngmph 17. Borrower!c covenurns und ugreements shnll be joint and severid.Any Bnrrower w•ha co•signs Ihis Security
<br /> Instntmanl but daex ix�t ezecute�he Note: (a►is co-signing this Securily I�+Inament only lo monRage,gmnl and canvey thot
<br /> Bormwerh intercst in the Prc►peny unde�the temis of Ihis Security loatrument: (b)i�not personolly�t+ligated ta puy Ihe scums
<br /> ' isecured by this Securily Inaln�men�;and 1c)ugrees lhut Lendcr und ony a�her Borrower may ngrcc�o exlcnd,modify,fonc�ar
<br /> or make any AccommadAtians wi�h regord ta the �erms of this Security Instrument or the Nota without thot Bwmwer's
<br /> consent.
<br /> � 13. Loan Chptges. li the loan secured hy this Securily Instrument is subjeet to a law which sets mnximum loan —
<br /> � charges,and thnt luw is fi�ally intemreted so that the intercst ar o�her loan charges collecled or lo be collected in connection
<br /> with Ihe loan exceed the pertniued limits,ihen: (a)any such lo�n charge shall 6e reduced by�he nmount necessury la reduce
<br /> _ . � �he charge to the permiued limit:and(b)uny sums already collected fram Bnrmwer which exceeded permitted Iimila will be
<br /> r - ►efunded to 8ortower. Lender may choose�o muke this rciund by reducing ihc principnl owed under�he Note ar by making n
<br /> . direct payment lo Borrowee. If u t�CPund rcduces principal,the reduction will be�reated us a panial prepaymen�wi�hout any
<br /> prepayment churge under the Note.
<br /> _ 14. Notices. Any nodce ta Barnnwer pmvided far in this Securily Ins�rument sholl be given by delivering i�or by
<br /> . mailing it by firs�clags mnil unless npplicable law requires use of another mediod.The no�ice ghall be directed to the Praperty
<br /> Addrcss or any olher addregs Borrower designntes by notice to Lender. Any notice to Lender shall be given by�txt cla�s
<br /> , mail to I.ender�addrcss stated herein or ony other uddress Lender designates by naticen��qorrower. Any notice provided for
<br /> : in this Security Insuument shnll be deemed to have ban given to Borrower or Lender when given ac provided in this
<br /> peragmph.
<br /> �.,;ti. •' 15. Governing Law;Severobllity. Thi� Security Instrument gholl be govemed by federnl luw and the Inw of Ihe
<br /> : Jurisdiction in which the Propeny is locuted. lo the evenllhut any provision or clouse of�hi�Securi�y Ins�n�ment or tlx Note
<br /> conflicts with npplicuble law,such conflict shall not aifec�other provigions of this Securi�y Inxtrument or the Note which can ��''
<br /> be given effect wilhout Ihe conflicling proviKion. To Ihis end the provisions af this Security Inslrument and the Note�+e
<br /> i . deelared to be severable.
<br /> � 16. Borrower's Copy. Barrower slwll 6e given one confarmed capy o(Ihe Note and oP Ihis Security Inxtn�menl.
<br /> , 17. 7Yansfer of the Property or a Beneticl�l lnterest fn Borrower. If all or any pan of�he Pmpeny or any interesl in
<br /> � it is sold or trnncferred lor if a t►enc�ciAl imeresi in Bormwer ix sold or �ran�femed und Borrnwcr ix not n nutural perxonl
<br /> , without Lenderk prior written conQent,Lender muy,al i1s aption,reyuire immediute puyment in full of ull sums secured by �.
<br /> this Secudty Inatrument. However,this option shall not be exercised by Lender if exereise is pmhibited by federal law as of ' -
<br /> ,,, .� Ihe dete of this Security Inslrument. ��'�;;
<br /> � "`r If Lender exereises this optian,Lender shell give 8orrawer notice of sKre�emtion. The notice shall provide a pe�iod of � .�
<br /> not less than 30 daya trom the du�e the nolice is delivered ar mniled within whlch Borrower must pny nll sums secured by�hig '`�
<br /> Security Inslrument If Barower fails lo ps�y these gums prior to �he expiration af Ihis period,Lender may invoke any ��.�;�;
<br /> reme d ies permiue d by t h is Secu r ity Instrument wil hout furt her notice or demmd an Bbrrower.
<br /> •� 18. Borrower'9 Rlght lo Relnslate. lf BoROwer meets cehuin caMdition.r•,Borrower shall huve the righl to have �.•
<br /> � , � enforcernent af Ihis Security Inslrument discontinued at any lime prior to tBe enrlier of: (u)5 days(or such aher periad as
<br /> „ Sinak Family--Faank Madbinddk Mac UNIPORM IN.S7'RUM6NT•-Unffi�rm Covenre.s 9190 paxe 4 afb/aua�a)
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