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<br /> " oondea�ostiori a ot6ertal�u�af any p��dK�Y•or far oaiveyance in liw of coodcmnation.ace lrocebY asSiBncd�and .' -
<br /> • tlsal!i�prid to Lencter. ` . - ` �� _
<br /> . In tLe evept_of s toWl t�king of dn Property.tlie proceeds sE�a[t be applied ta tife sums sav�+ed bY tflis Sa�itY .
<br /> , Iaspvmmt*rrhed�x a not d�at due.with any excess p�id tn'Borrowu. In!!�e eveat af a partial taking of tf�Pmpeccy in
<br /> which tl�fanr ilvrket vslue og the Propeity iaunediatety 6efore th�`tsking is equal to or gce�ter tlu�n the aodount of tbe sums
<br /> � se�aed by this SecuritSr tnsonanent imm�atetY lxfoie the tatcing,Ut�ess,BoROwer anc!L.aider otherwise agree ip writin�,
<br /> the smns�bg this Security•Instrumtnt shall te nduca!by tlse amormt oi the pmceods mu[tIpCed by the foltowing ,
<br /> � . {�; (a)ti�e t�a!amouat af tbe sums steured immediazety befae the taicing,divided by(b?the fair:maricet value of the `
<br /> � ' pmperty immedi�tely bcfore tbe ta�iag. My balanoe shal! be paid w Barra�vu.• In the eveat of a parteal tatcing of the
<br /> _. `ptoperty iawhich the fair mazlcet va�ue of tlse Fropecty immediatety;befae the taking js less than thc anwont of the sums
<br /> . � secwed immediatebr befae the t�lcir►g.untess Bmrower aad l:ender otherwise agrec m.writing ar unkss�stieabte!a� —
<br /> otherwise p�ovides,ihe pmcoeds shall be applie4 to the Sauu senired by this Securiry instrument�wl�etlxt or aot the sutitis�
<br /> � thu►due. .
<br /> If t6e ptopatlr is abandooed by Borruwer.ar if.after notice tiy Lxnder to Bormwer tlw�t the condemnoc offers to maice
<br /> an awacd a s�ettfe a ctaim fordamages,Bomnwer f�7s to respand to Lender within 30 days after ti�e date the aotice is giveu:
<br /> [.ender is author'v.ed m rolloct and apply the pi+ncads.at its uptioo,tither co reswration a npair of the Praperty or to We
<br /> - sums securod by this Sa�uity Inswment,.wl�etl�er ar not tI�►due. � .
<br /> Unkss Lender and Barower athecwise ag�se u�writing,any application of procads to principal sball�exuad or
<br /> postpp�e tbe due date of the montblY P�Y��ts refetre3 to in paragraphs 1 and 2 or change the amount of sucb p�ymencs-
<br /> Il. BuecoRes Not Reka9cd; Foebdr�nce By I.eader Not i Waiver. Exteuaion of tlx 6me For payrneat or
<br /> _ modificatiaa of amot�of iTie sums socured.by tbis Security Instrume�rt gcanued by i.ender w any successor in inteiest
<br /> of Bortower shaU not operate to nlease the 1'�ab�tity of tbe original Barrawer or Borrower's successors in interesc.Lender .
<br /> sha11 noc 6e iequiral to eomnxnce QtoceedinSs againsK anY su�S°r in interest or refuse to extend time for payrt�ent or
<br /> o�e�wise madify amoctization of the sums secuied HY tlus Security Instrument by reasen of any demaad made by 1he orlgmal
<br /> ' Bortower os Bomawer's successors in intenst. Any farbearance Er�'�in eaeneising any right or�y shaU aot be a.
<br /> waiveir af or prcctude the exercise of any rigM or remedy. :
<br /> 'Itte cover,a��s�d a nts of thiS •
<br /> 1L Sn�aeeasors a�d As�s Hoand:Joint and Severai Liability:Co�ers. �
<br /> -:•.Secority Insaument shali 6ind and 6enefit the successocs and assi8�of Lender�ecE�orcower,sutiJett ta tIte�Qie!ovisions of . .
<br />_ . `": R�B�Ph 17.Borrower's ct�veimnts and agreerrsents sball be joinf a�l.several:::�..,�^i+$onawe[who casrgn.ilus Securiry :
<br /> • �tssuumenE but does not execute�he Naie: (a)is co-signissg this Secu�iry lnsuunie�^aiily to mortgage.gcant and convey that.
<br />-,.,, .,• Barrowecs interest in the Property under the tem�s of this Security las�snen� (b)is not persamally pbl�gated W pay the sums
<br /> :.;` — sec�6y this Secarity Instrume.m�and(c)a8rees thai l,eader andau�ather Borrower map a��to extend.�modify,forbeafr
<br />-_- . ..os���, �mmodarians with tegard to the terms of this Security lncuument or tUc Noce without that Borrowerl
<br />_ : : c.oasen� = � -
<br /> _= t3.i;o�n Charges. If the toan secured by tIr5.t.Sea:�--�it�r lnstruttient is.�;�ct to a law which sets iaaximum loan ,
<br />,::� � �� .•cl�uges,�that law is finally interpreted so that the i:-r��as ui.4es toan charge5�o8ected or to be collected in conneciion
<br /> `=y: with the�.-�i exceed�he pertniued limtts,then: (al anY�a,ch�o�i e�e shall�e r�dared 6y�tf�e amount necessary to reduce
<br />__- the char$e to the pem�itted limit:and @)any sums alrea�Y collesta�frOm Borrower which ezceeded permitted timits vv�p be
<br /> - • refunded to Bortower. L.ender may choose to ma�e ttrds rifund by reducing the pris�cipal owed under the Note or by making a •�
<br />',�s: direct payment to Botrower. If a refund ceduces prin..iP�a►.the reduction•will be tceatecl as a partial prepayment without any
<br />._���; ` pnepaynxnE eharge under the Note.
<br /> ti�'.i 14. Notict� Any notice to Borrower provided for in this Security Instrument sbal�be g!ven by delivering it or by
<br /> <<,:, mailing it by first clpss mail unless applicable law requires use af another method.The notice shatl be directed to the Property . _
<br /> •�: Addnss or aay other address Borrowev designates by notice�o Lender_ Any notice to L.ender shall be given by first class � __
<br /> mail to l.ender's address stated herein or any other address l.ender designates hy notice to Borrower. Any notice pcovided for =
<br /> in this Securiry Instrument shall 6e dcemcd to have been givea to Borrower or Lender when siven as provided in this _
<br /> � � ParaBraDh•
<br />_:"� 15. Governing Law:Severability. This Security ln+irument shall he govemed by federal law and the(aw of the
<br />--�,;;�, jnrisdiction in which the Property is tacat:d. In the event that any provisian or claase of this Security Instrument or the Note _
<br /> -- conflic[s with applicable law,such canf�ict shall not affect other provisions of this Security Instrument or the Note which can _
<br /> ._�.t'. 6e given effect withaut the conflicting provisiotr..�'fl Ehis end the pravisionv of thi�Security Tn�trument and the Note are e
<br />- declared to be severable. � ":�'
<br /> - 16. Borrower's Copy. Borrower shall be giv�-��r,.:conformed capy of the Nare and of this Security Iras�en� . ��
<br />- 17. 'Iiranstes of the Peopevty or a Bmeticiat��t�es�t in Bor�ower. If all or any part of the Property ar any interest in r:
<br /> it is sold ur uansfe�red(or if a beneficial intcre�t in Borrower is sat�ar transfcrred and Borrowtr is nat a natutal persa�� , ��
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<br />-- without Lendera prior written consem,Lender may,at iis c�ption,require immediate payment in fup of aU sums secure�Ils;� � _
<br />- � 4his Security lnstrumen� Howevcr.this aption rhalE c;;e.be exerci�ed by Lender if caercisc is prohibited by federal{aw as�a
<br /> . .�:� t!�e date of this 5ecurity Instrument. �•
<br /> � ff Lender exercisesc this optian.Lender shall£�•��orrower notire of acceteration. 'It�e notice�+hall provide a period af =
<br /> � �less than 30 days from the date the notice is delici:ad or maitcd within which B�rrawer must pay all sums secureA by rP� -
<br /> ' ` �;, ' Security I:zstrument. If Barrawcr fails ta pay these tiums prinr to�he expiratian of thiv peric�. Lcndcr may invoke ae�' a
<br /> - .��* remeAies permitted by this 5ecurity In�trument without funher noticr.vs dem;u�d on B�rrower.. . _-
<br /> '`' 18. Borrower's Right to Reinstate. !f Borsouer mce�� cert:�in conciitions. Bnrrowu�'tall have the right lo ha�e F
<br /> - - - � enforcement of this Security Instrumcnt disruntinued at uny time prinr to the earlier of: (ai S Aays(or such other period As �
<br /> ••; _ '�`. . Singlc Famity•-Fvnnie 1fye�F'reddie�tac l.�Ik"tlR3f I�STRI1NF:rT--Unifnrto(a��e�rrn�v 9/90 Ipncc4 nJb jwge�i -_
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