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<br /> � , cardaoastioe or adrcar aici�af aay prt of Me Pmpe�ty:or fa oonveymce in lieu ot candam�aaoR.uie rereby zssipied�nd �
<br /> � �ball be pdd t�I.eoder. , . � ` : . `
<br /> . � Ia t6e event of a tdol takmg of tl�e PCOpertY.the proceeds�sh�ll be�pplied w Ibe sums saured by.this Secudty ,
<br /> �whed�a not thrn dne.witb aay escess pnid to Barower. In t6e event of�p�ti�t tatcieg oF the Propaty in �
<br /> wt�ich the fair m�rita vatae of tbe P�vpeetg immediately lxfae tiie wicing is cqua!to or gnatcr tAazt the artlount of tho sams •
<br /> ' secwed by this Secvrity Iamurt�ent im�edi�tely 6eforc the taking.untest 8orrower and Lender otherwise ag�ee in wTiting.
<br /> ` tl�e�s�uns sec�ircd D�this Secucity,Instinment sT�ll be ieduced by the amount of the proceeds muldpti4d by the foli�wing ,
<br /> - - -fiacti�:.{a}t�ie w!a!ainou�of�he sums secuiod immodiately 6efar tGe t�ing.divEded bX(b)the fair ritartcet value of dfe. -
<br /> - pmpeity imrtiedi�oe�yr be�ore tha taiang. Any 6alancr shal!Ix paid to Barowu. in the event of A p�ttial talcmg of dje .
<br /> A+opetty in whicA the fair macltet vatoe of the.Ptopetty immediately 6efore tix taking is kss th�n ti�e amount of the sums
<br /> secuied inut�ediately beforc the talcing.unkss Sormwer and Lender ottierarise ag�e m writing or uniess`appticabk taw •
<br /> , oWe�wise`provides.tiu pnaceeds sball be applied to the sums secured by this Security Insaument whaher or not thc sums ace
<br /> . If dr prupeny is af�nda�ed by g6ROwe�or i�after mtica by Leiuler to Bortower that the condea�or of�ezs to m�Ye .
<br /> ' aa aw�d ar senk aclaim fordart�ag.es.Bamwer fails ta respond ta Leniler within 30 daxs after the date ttie notice is givm.
<br /> l.ender is�tboriud m colkct and appiy�he peoceods.u its opaa�.eitt�er to restoratian or cepaic ai tbe Property or to�6e
<br /> sums secu�ed by tbis Sec�u�ity In.�trumen�wlxt6er or rat thq�due.
<br /> � ` Unlesc L,eridtr and Bo�sower�thavrise aSae in writin8.anY u�tication of proceeds to principat s6a1!not extend or
<br /> ' pnstpone t6e due date of the enonthlY payments zeferred ta in�phs 1 and 2 oret�ange the amount of such prymrnts. :. .
<br /> - 1L Borro�'er Nat Rtteased; Forbesraece By l�end�r NoE s�W�iver. Extensian of t8e time for payment'or
<br /> modifieatioa of aq�ortizatian of the smns socuted by this Secauity�Insuument granted by Lesider to any successo�in intetest
<br /> • of Bamwersbal!nat ape�ate to setease the liability of the original Barawer or Borcowers svccessors in inte�+est.I.ender
<br /> � shall not lx zequi�ed to canmence pmoadinSs aSainst any snecessor ia intenest or nfuse�o eatend tirne for payment or
<br /> Mhecwise madify amortirrtion of the sums secuced by this Security Insuument by reason of any deinand made by tix originai ,
<br /> . Ba�rowr�a Borrower's successas in intenest Any focbraranre by L.ender in eaercising any right a cemedy shatl not 6e a
<br /> '.. ' wa[ver of vr prxlade the eaenise of any right or nmedy. '
<br /> � 12. Suoca�ors and As�Baiad;.loiet aud Seve�al LiAbitity;Co�si�ners, The covenants and agneemeacs af this
<br /> — Securitg Insuvment shall bind and benefit the sutcessors and acsigns of Lender and Botrower.subject ta the ptvvisions of
<br /> _ . ' Paragraph 17.Bortoa�'s covena�cs and ageements shall be joint and several.My Borrower who co-signs this Sear�y
<br /> ' Insuument 6ut does uac execvte the Nate: Eaf is ca-sig�dng this 5ecnriry insatnnent anly to martgage.g�ant a�d ca�ve}f'that
<br /> � � Borrower s interest in t%ee Pcoperty under the tem�s of this Security Iast�umenC (6)is not personally obligated co pay the sums
<br />_- — secund 6y this Seciait}Instr�men�and(c)agrees shat Lender and any other Sacrower may agree to eate�d.modify.forbear
<br /> or make any aCCOmm6dations with regard to the tenn.s of this Security tnsttument a41he Nate without th�t Borrower's
<br /> = cunsen� . �
<br /> - 13. I�oat Charges�. If the loaa secured by this Seca�ity Instrument is sabject to a law which sets�naaimum loan
<br />= charges,and that Iaw is finaily interpreted so th���,�e interest or other toan charges collected or to be colIa�.i in connection '
<br />. with the toan exoeed the petmitted limits.then. !s4 any such loan charge shall 6e rednced'oy the amount ne�xssary to reduce
<br />= the charge to tfre pe►miaed limit;aad(6)any suz:a aIieady coltected from Borrower which exceeded permitted limits wiU be
<br /> _� - - refon3zr8�o Borrower. Lendet rss2y d�ose to make this refund 63-ieducing the principal owed ander the Note or by maicv�:a
<br /> �- ` direcE�xa3�ment to Boriawer. JE a ezfund mduces principal.the r�duction wi11 be treated as a partial'Pcepayrt�ent witheqxt ax�y.
<br />'�� - ... --- --.. . --- . .� prepaymem charge a*�c�er the Note.. " • "
<br /> 14. Notices. �.,��notice to Banower provided for in this Securit} Tnstrument shall be given by delivering it or by
<br /> _ • mailing it by first class mail un}e.s.s applicable law requires use of anosher m:tftar�.3'he notice shaq be dire�d to the Property _
<br /> Address or any other address Bornawer designates by notice to l.ender. Aay notice to Lender shall be giveq hy first class
<br /> mail to Lender's address 5tated her��..or any ather address Lender designates by natice to Be�ruwer. Any notece provided for
<br /> _ in this Secarity Instrument shall 6�deemed to have been given to�nrrower or Lender�:ien given as provlded in this _
<br /> - paragraph. � �
<br /> 15. Gove�ning Law; Severability. 'This Security Instrument shall be govemed by federal law a�the law of ihe
<br /> jurisdiction in which the Property is tacated. In the event that Any provision or ctau.ce af this Security t�-�:s�ent or the Note •
<br /> .' confticc4 with applicable law,such.onflic�shalf not affect ather provision�r of this Securiry Instrumeni or r:e Note which can
<br /> be gi�erc.Effect withaut the cnnfl;.�;ung provision. 7b this end the pravisions of this Securily Instrument and the re�e:se,
<br /> � declared to be severable.
<br /> � 16. Borrower's Gapy. Borrower shall be given nnc conformed capy of the Nate and af'Ihis Security Instrumen� -
<br />- ' ' 17. 'Itransfer att6e Property or a Beneticial tntereat in RurroNe� If all or any pan of the Property or any interest in
<br /> " it is wld or trnnsferred(or if a 6eneficia!interesi in Barrnwer is tiald ar transferred and Horrower is nat a natural persort) -
<br /> without l.ender�prior written cartse�t.l.ender may.at its optian,requirc immediatc payment in full of al)sums secured by
<br /> - this Sccurity insirumem. However,tiftis aption shall not hc cxcrriscd by Lendcr if excrcire iti prohibited by federa!law ac af
<br /> the date af this SCcurity lnstrument. ' _
<br /> lf Lender exercices this optian.Lender�hafl give Borcower notice uf acceleration. The nntice tihatl.pra fide a period of
<br /> : - not Iess than 3U days fmm the date the natice i�delivered ar maited within which Borrower mu�t pay at[sym•j secured by thiy
<br /> . ,� . Sccurity lnstnrmenl. If 6artower fails ta pay ihesc tiums priur w thc expirution�f this period. Lendi.�rnay invoke any
<br /> remedies permiucd by tbi4 Security Instrumem withaut furthcr naticc or dcmand on Bornxver. �
<br /> . .1$. Borrower's Rig6t ta iteiastate. If gorrower meet�cerlain�onJiiianr, Bonower.rhail have�the right to�have -
<br /> - ,cnforcement af thiv 5ecurlty intitrumenl diticantinued�t uny limr prinr a�the earlicr of: (�)S days(or such vther pe�rind as
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