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<br /> condemnution or othcr uikin�of uny part of tho Propchy.ar fnr ccmvcyunco in licu uf candemna�ion,ure hereby ussi�ned iuid
<br /> -� rh�ll be paid to Lender.
<br /> _ In �he evcnt of u taal tuking of the Property, �he proceeda xhali be applied to lhc xums secured by this Security
<br /> - Inswment. whethcr or not�hen due,wl�h uny czcexs puid to Borrawer. In the event of u paniul�uking of�he Pmpeny in
<br /> ,. which the fuir mnrket vAlue of the Propeny immediately before the tuking ia eyuul to ur greutcr�hun the umoun�of thc sumx
<br />_ �� xecured by this Secu�ity Inetrument immediotely befare Ihe toking,unletis Barrawcr und Lender otherwfxe ngree in writing,
<br />- the Ruma�cecured by thia Secu�fry Inetn�ment shall be reduced by the umount of the pra:eed.r multiplied by�he following
<br /> frnction: (a)the totnl amaunt of the sums ticcurcd immediutely hef�re the tuking,divided by(b)�he fuir murket value af thc
<br /> Properly immediu�ely befarc the taking. Any bulc�ncc shall Ir puid to Borrowcr. In the cvcnt ot'a pahiul +alcing ot' the '
<br /> ��� Propeny in which the fpir murket valuc uf thc Propeny immedialely before the tuking ia lesa thnn thc nmount of the Kums
<br /> -____,__ __ r,ccured Immedintely before Ihe tuking,unless Borrawe�and Lender otherwire ugree in wriling or unle�x upplicable IAw
<br /> '"�"'�''� otherwise provides,the proceeda ahull be appUed la the sums secured by Ihix Securily Ins�rument whether ar not Ihe aums ure
<br /> ��� then due.
<br /> �;�'�'�'� If the Praperty is obandoned by Borrc�wer,or if,ufter notice by l.endcr to Borrower that the cundemnor offets ta make
<br /> aa awurd ar�ettle u claim for dwnages.Borrower fc�il�to respond to Lender within:�0 dayx ufler the dme the notice iti given,
<br /> "'�`''"�`�''�' Lender is authoriud to collcct and npply the procecds,at itti optian,either to restoration ur repuir of�he Propeny or to the
<br /> .p�,
<br /> ?�L-�•'=��,� � = sums secured by this Security Inswment,whether or not then due.
<br /> ����� Unles� Lender nnd Borrower othenvitie agree in w�iting,uny applica�ian of praceedx ta principal shall not extend or
<br /> q ° postpone the due date of the monthly payments referred ta in purugmphx 1 and 2 or change�he umount of Kuch puymentx.
<br /> __='��; ' ll. Borrower Not Releaged; �'orbEa�ance By I.cnder Not A Walver. Extension of the time for paymant or
<br /> modificntion of amoniwtion of the xums secured by this Secu�ity Instrument granted by Lender to uny successor in interes�
<br /> ��;,, o � of Bormwer shall not opemte to releuse the liubility of thc ori�innl Borrower or Borcower!c succegsor� in interest. Lender
<br /> ;p�-,;�,�•��� . shall not be rcquired to commence proceedings ugainst any successor!n intemst or refuse to extend�ime for payment or � _
<br /> ��,,y�,�_.�.a, � .y�;a:�: othenvise madity umonization of the sums tiecured by this Security In�trument by rea�on of uny demund mnde by the original
<br /> ��.:��:.:'•-�� �� Borrower or Barrower�s successors in interest. Any forbearance by Lender in exercising any right or remedy shull not be a
<br /> �����+ "°"'`'"'`�.,,�p_ waiver of or prcclude the exercise of any riFht or remedy.
<br /> ;�; , :`,� �;� 12. Succes4ors and Aaslgns Bound; Jolnt and Several I.iability;Casigners. The covenants and ugreements of this
<br /> •• Security lnstmment shull bind und benefit the successon und assigns of Lender and Barrowar.4ubject to the provisionti of
<br /> �_. •u�,r..•:r- • , : puragraph 17. Bnrrower�covenants nnd ugrcements shull he joint and seve�ul. Any Borrower who co-sigm this Security �...,-
<br /> � � Insuument but dces nat execute the Note: (u)i�co-xigning�his Security Instrument only to monguge,grunt nnd convey that
<br /> , ���.;':�r�''. Borrower's intcrest in the PropcAy under ihe tcrms of�his Security In+tmmenr, (b)is not penonally obligAted to pay the xums —
<br /> _,� �„�,•„<,-:. �. .'°,.- secured by this Security Instrument;and(c) ugrecs[hat Lender n�d nny other Borcower muy ugrce to extend,madify,forbear =__.
<br /> � "` " `' or make uny accommodation�s with r+egard to the terms of�his Secunty Instniment or the Note without that Borrowerk
<br /> ��` consent.
<br /> — �'��;�� 13. Laan Charge�. If thc loan secu�ed by thiti Security Instrument iti subject lo u law which tielr; mnximum loan =
<br /> -;�;;;- • ��;-s f charges,IIlld IIIAt IAW IS tIfIUIIY IqIC�I�C[CfI ti0 Illill IIIC IIIICfC�i ul ul{ler Iu:fu�I�ulg���JII2GIZ�OP t0 tk'.COIICCiC�iii CpliiiCCiiUA -
<br /> �u��i t �rc„�� with the loan exceed the permined limits,then: (a)�ny such loun churge shull 6e reduced by the Amaunt�ecessnry to reduce
<br /> , the churge to the permitted limit;and(b)uny sumti ulready collected from Borrower which exceeded permiued limits will be
<br /> � �' . refunded�o Bormwer. Lender muy chootie to make this refund by mducing�hc principul awed under the No�e or by msilcing a
<br /> �� � _ direc� paymem to Borrower. If u refund reduces principul,the reduction will he t�euted u�v panial prepuyment without any
<br /> _� ,. ' •.. • prepuyment charge under the Note.
<br /> � • r �,�� 14. Nolkes. Any notice�o Borrower provided for in thi�Security In+lrument shall be given by delivering it or by ----
<br /> i� �,,,,:.n,,;;,:...�_ .,�r�.. muiling it by first cla�s mail unless upplicable luw rcyuirr,use ot'unother method.The naic�shull be directed to the Prop�:rty -
<br /> �=� . • :�; Address or uny other addresx Borrowcr detiignutcs hy notice to Lender. Any noticc to Lcnder tihull be given by first cluss
<br /> muil to Lender's uddress.tuted herein or any other address Lrnder dexignutex by notice to Borrowec Any nntice pravided for
<br />"�• _ � . � - in Ihis Securily Instrumem shull lx decmed to have lxen �!iven w Burrower or Lendcr when given as provided in this
<br />,_;� ° � ` • puragrAph.
<br /> s • 1S. Covernfn�; I.Aw; Severubility. Thi,Security In�wment tihull Ik govemeJ by federal iaw �nJ the luw af the
<br />�=�� ���� •� ° jurisdiclion in which the Properly is lacuted. In ihe rvent thu�any provi.rion or rluu+e of Ihis Security Inxtrument or the No�e
<br /> �� -�� ^ contlicts with upplicable luw,such cunFlict shull nut aff'ect other provi.iun,uf�hix Scrurity In.trumen�or the Note which cun
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<br /> •��� � he given eft'ect without tlte cunflicting provixion. To this end the provi+ionti of this Security Inrlrument+uid the Note s�ne
<br /> �� ° � � � '" d8CIi11'ed W be tieve�t�ble.
<br />--_. .:�;�, �• "'` � 16. Borrower's Copy. Horrower tihull tx givrn onc cc�nlin-�md ropy of'the Notr und of Ihix Security Intitrument. _
<br /> _ ° ' 17. 7lransfer of the Property or a Beneticlal lnterest in Horrower. If all or uny pan of the Pro�erty or nny intcrcst in
<br />�`�� -;i�- � - - � it is,c►W or trunsferreJ(or if u beneiiri�l intere+� in Born�wer i.tiold or irunxf'erreJ und Borrower is not u nutu��l penonl - -`
<br />-'�.�'. ��:, '• "•• witlx�ut Lender:ti prior written consent.Lenikr muy,in it+c�plinn,rcyuire immeJia�e payment in full of ull rums secuRd by �
<br /> --� � �,,.,i. ,,,�" �•�� �his Securiry Inatrument. Howev�r,thix uption,hull not bc exer�i+ed by Lender if'cxrrci+e is prohibited by federul IAw os of �"�
<br />-a the date of this Security Insirument.
<br />-'-si �,� If Lender cxercisex thix option.LenJrr.hull�!ive Borrower noticr of ucreleration. Thr nnticr+hall pruvide u perioci of
<br /> -=:�'.�:�r•.:.'_.�:..,..,. not Iess ihun 30 days from the dute tlk naice i.drlivercd�ir muiled wiihin whirh Borrower mu,t pay all tiums urunJ by thix �
<br />_— � ' Security In+trument. If Borrower fails�o pay Ihe�e +ums prii.r lu llx expirution uf�hi, periuci, l.enJer mny invoke Any
<br /> � remedie�pemiitted by this Sccuriry Imtrumcnt without funh�rnc�lice ardemunJ on Borrowrr. �r,;��
<br />_ � i*};?'.'. 18. Bormwer'h RiRht to Rein�tute. If Burrower mcet+ certain ciaiJiliun�. B��rrmvrr shall huvr thr right to have : �
<br /> � • ' ' , enforcement of thix 5ccurity Ins�runknt Ai.ron�inucd at .my lime priur tu Ihr r:irlier��t: (a)S duy.��►r wch olher Exriod •rx
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