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<br /> • , �tion utbther W�ini of anY P����y�or{a conveyanoe in iieu of�.ar�iiec�y a�siSned ud _ `
<br /> � . •sh�tl bt pi�d to tendec� . , : . : . : �
<br /> In t6e eveot of a taal t�lcing of.qwe Ptoperty.the y�i�oeeds shall bc applied,to the sums secuced by this S�cccity ,
<br /> Itis�nt.whetixr or not ttun due.vaith any tacess pei�to Bortower [n the evmt of a pattiat t�iciag of the Ptop�tty� _
<br /> which the fiir m�icct Yaiue of t�e Ptvpeity immediatelybefae the taicing is equal to oc gn�ter than the am�wnt of thr sums • -
<br /> sec�uod hy t6ic Securicy Instta�edt im�edistdy beforc the taking.unlesc Borcuw�r and Lender othenvese sgree'in writing,
<br /> '!he sums s�curcd by this Sccurity instn►tnent shalt be teduced by the amount of tht proceeds muttipfic;d by tl�foltowing
<br /> ' fractias: (a}the toW�i 1art�ount of the sums secuted iifimediatdy before ehe taking.divided by(b1 e�e fair market vatue of the `
<br /> � pt�npeBy•immediateiy befor+e the tal3ng. Rny b�l�nce stull be p�id to�ocrower. In the evrnt of a partiai talcing of the
<br /> • - Ropetiy i�which tt�v f�t m�et vaine of th�PtopertY�d�elg lxfone ehe takiag is:tess th�n the amw�nt of t6e'suttis
<br /> secuced immediNeiy before the tatiing,untes4 Bormwer aa�Lcnde�otttenvise agree in writing�x unless appiicabte.taw
<br /> �e�p�,�s,�t�e p�o�ds afia116c applied to the sums secuced by this Sec�rity Insttument whether or not the supts ase
<br /> tLen due. • .
<br /> ��}�p�Ry��do�xd byr.gortower,or if.afur nExicc by l.ender to Bocmwer that the condemnor offers to make
<br /> an awatd a settk a claim far damages.Bormwet�fails to respo�t+�1-ender within 30 days afar the date the notice is given.
<br /> � L,ender is aiilho�iitd to coikct and apptg_�he procc�ds.at ics option.eitBer to resto�ation or repair of the Property oc to the
<br /> - svms serunod by thts Sec�uity Inswrtknb wl�etberar not then due. .
<br /> Unkss I.ender and Bortower otberwise agrce in writ�n8.an,Y apPlication of p�aceeds to principai sha[I uot extcnd a
<br /> {` postpoe�e tIx due date of the�aand�lY PaYmeat``referred to in parag�aphs 1 and 2 or change the amount�f such paymenu.
<br /> il.Borcower No/ Rekned:-For6earaece By ERnder Nd a Wa[ver. .Extensioo of tha wne for payment or
<br /> modification of amoniaatiaa of the sums secured by this Security Insttument Sianted by I..endcr w any successor in�ntecest
<br /> of Barrower shalf nat qxr�at�to rckase tUe IiafnTity of the original B«mwer or Borrawer's sue�essors in intec�.st.lxadec
<br /> shall not he rex�aiFed tn cortunence pmceedinSs a8ainst au►Y successor in interest or ccfuse to eatend time fa payrt�ent or
<br /> � dhawisc modiiy�timtion of the sums sa�ured by this Security iasuument by�eason of any dema�nd made by the ongu�al
<br /> . $octowor ar Borc�nwer's successars in inte�est. Any forbea�ancc bY Lender in exercising aay dght or remedy si�aU not`bt a
<br /> . 'waiverof or p�lude the exerci.ge of�y tight or tttnbdy. '�COYE/1811iS 7[Id 8$ICC(IIHIlS Of 1I715
<br /> IZ SYl"CW01"��A56�i EOY�s�OVt�aI S!Ylpl I.�i�ly;CU��'�.
<br /> " Serority Inswment shaQ bind aad benefit the successors and assigns of Leader and Borrawer,subJec�to tt�e Pmvisions af
<br /> = i paragraph 17.Bortowa's coven�nu and ag�eements st�atl be joint and several.Any Borrowec�who co-signs this Security
<br /> j [asuument but does rwt eaecute the Note: (a)is co-signing lhis Security fnstrument only to mortgage.grant and epnvey that
<br /> ► _�ortovirer's interest in the Penperiy w�der the tenns of thes Securiry[nsuumenr. (b)is nat persanally obligateQ to p3y the sums
<br />_� ( . secured by this 5ecurity Instrument;and(c)agrees that I.ender and any other Borrower may agree to extertd.m�d'iify.forbea� . • • _
<br />���' or make any accommudations with.tegard to the tertns of this Securiry instcument or the Note aithaut that Borrower:s _
<br />_ `' � consen�
<br /> � 13. Laan ChargGS. If the loan secured hy this Security Inswment is subject ta a!aw w�irich seis maximum loan
<br /> F�� l charges,and that law is finaity interpreted so that the interest or other toan charges wllected or to tre'coltected in connection.
<br /> '`" with the loan exceed the permitted limits.then: (a)anY such loan charge sba116e reduced by the a�ount necessacy to reduce �
<br /> :�-,` ; the charge to the pertnitted limit;and(b)any sums aheady collected from Borrower which ex�,i�permitted limits will be
<br /> �-t refuaded to Borrower. Lender may chaose to make this refund by reducing the principa{oKed c:cc:zse�se Note or byr making a
<br /> �� dirces payment to Borrower. [f a refund reduces principai.the reductinn w�l!be p�tted as a partia�prepayment without any
<br /> prepayment charge under the Note. .
<br /> - 14. Noticb. Any notice to Horrower provided far in this Security Instrument shall be given by deln�ecing it ar by _
<br /> " mailing it by ftrst class mail unless applicable law requisesuse of another meihad.'1'he notice shall be dimcte�lta the Property _
<br /> Address or su►y oiher address Bocrawer designates by notice to Lender. Any aotice to Lender shali be given by fi�t class _
<br /> mail to l,ender's address stated herein or any other address l.ender desipiates by notice to Aorrower. Any notice provided for -
<br /> , �' � in this Security Inswment shall be deemed to have been given to Borrawer or Lender when given as provided in this _
<br /> ara
<br /> . p �15 Gorerning I.aw;Severability. This Securiry Instrument shall be govcmed by federal laMr and the law of the �
<br />;�•,�� � juristliction in which the Property is located. In the event that any provision ar clause of ihis Security instrument ar the Note
<br /> ..- eonfliets with apptieable I�w,r,uch conflict sha4!not affect other pmv�.c�ons of this Security Instrument os the Note which can
<br />- � be given eff�without the conflicting provision. To thiti end the provisions of this Security lactrument nnd the Note are
<br /> - declared ta�e severable.
<br /> � � I6. Borrower's Copy. Borrawer�hall be givcn�x canfarmcd copy of the Notc and nf this Seturity Instrument.
<br /> •• ` ' 17. 7lrans[er of the Properly oe a BeneQcial Int.�rest in Borrow•er. !f ull ar any part of the Property or a.n.5.interest in
<br /> ` :T is sold or transferred(or if a beneficial interest in Borrower i�sald or iran.r•ferrcd und Borrower ls not a n::vssal person)
<br /> _- ,�:i without Le�derw prior writien consenG L.ender may.at its aptiun,rcyuire immediate payment ln full of all sums secured by
<br /> i� . this Security Instrument. However,thi�option shall not be exercised by Lcnder if exerci+c iv prohibited by federal law as of _
<br />_ • •ihc dute of ihis Security InstrumenG
<br /> • � If Lender exerciuw�his option.Lendrr hhall give Borrowcr natice af�cceler:�tinn. The notice sha11 provide a period of
<br /> • � .. not ieas than 30 days from tite date the natice is delivered ar mailed within wbich�arrower must pay all sums sccured by this
<br />_ .; Sccurity lnsirument. �€[i�saawer faiJs to p.ty ihese�uma prior ta the cxpirution of this period:Lcnder may invake any
<br /> � �,`,..' remedies pecr.�itted by thi.:Security instrument withaut funher noiice�rAemand on Borrower.
<br /> �'"` 18. S�sroR�er's R�fil to Reinsfate. IP Borcower meet. c:t�.��.�canditiom. Harrower .l:all have tho right ta have
<br /> -�-- '•_'_'�--t�? -- �� enforcement oi this Security instrument.ciiu�antinued�t any tine prior ta thc radicr of:_(a)S day�lor yuch other perial a�
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