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<br /> condemn4tion or athee uikin�of nny pan of ihe Propeny,or for co�vayance in licu of cor�demnatlon.w�c hercby asci�ned and
<br /> "�� — shall be pafd to Lendcr.
<br /> �:�=� In �e event of a totoi taking of' the Property. the pnaceedR shall 6e opplled to �he aums securcd by this Secud�y
<br /> '� '• Instrument.whether or nat then due,with any excess puid to Bormwer. In ihe cvent oi a pAnic�l taking of the Property in
<br /> which the fuir market volue af the Propeny immediotely befors�he tukin�ia equal w or grcnter�hnn thc amount of Ih�suma
<br /> .y� recuoed by this 3ecuriry Instrument immediutely before the taking,unlexs Borrower wid I.ender oiherwixe ugrce in writing,
<br /> � � thc sums s�:cured by this Secur�ry Instrument shnll he reduced by the umount of the pr�ceeds multiplied by�he fnllowing � __
<br /> fraction: (a)the iwal umoum of the suma xecured immedietely before the taicing,divided by(b►the fuir murket vulu@ af the
<br /> �— Property immediately bcfore the taking. Any bulance shall be pnid to Borrower. In the event af u pwtial taking of th.:
<br /> r'�'�`°y'� �'roperty in which the fuir murket value af the Property immediutely before the tuking ie less thun the amount of the sum�
<br /> — {. secured immediataty before Ihe taking. unless Bortower and Lender atherwire agrcc in writing or unless applicuble Inw
<br /> �� otherwise providea,lhe proceeds ahall6e applied to the sums recured by this Security Insuument whether ar nat the�um:ure
<br /> - -�3�� then due.
<br /> `�” If d�e PropeRy is abandoned by 8orrower.or If,nfter nouce by Lender to BoROwer ihnl the condemnor offon to mnke
<br /> � un award or settk a cluim for damages.BaROwer Puils to respond ta Lendcr witbin 30 dayR after the dute the notice is given,
<br /> Lender is uuthorized to collect und npply thc proceedx.at itg aption,either to restoratfo�or repuir of the Propeny ar to the
<br /> '� ='� - sums secured by ihis Security In�irument,whether or nat then due. _
<br /> , ,� .. Unless Lender and Hortower otherwire ugree in wri�ing,uny uppUcation of proc�eda ta principul shull not extend or
<br /> postpone the due dute of the monthly payments referred ta in purugrophx 1 und 2 or change the amount of such puymentx.
<br /> 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Eatensian of the time for payment or
<br /> , modifica�ion of emoRization of the sumx secured by this Secudty lnstrument granted by Lender to any wuccessor in interest _
<br /> � - -�;�;,='�--',".,a'_� of Borrower shull not opera�e to releuse the liabitity of the ariginul Bunuwer ur Borrower?c SucceSSOrs in intercst. Lender -- -
<br /> --�,',..�: c�tl�i.� .` shall no�be teyuined ta cammence proceedings ugumst uny successor in interest or refuse to extend time for payment or
<br /> `�,i�,.��`•�"*�'''�CA'"�, othcrwise madify umortization of the sums secured by thi�Security lnstrument by reusan of wty demand mnde by the origin�l
<br /> — w,.. Borrower or Borrower's successars in interrst. Any forbear�nce 6y l.ender in exercising any right or remedy shall not be a
<br /> ,;,-* �,�'���.� waiver of ar preclude the exercir,e of uny right or remedy. —
<br />_ .— ��.'��*���'�„� •> 12. Successors and Aissigns Bound;Jolnt and Several Uability;Casigner�. 7'he covenunts i+r►d ag�eements of this
<br />—' ' a: _ —
<br />�'� - Security Instrument shall bind and beneflt Ihc successon und asxigns of Lender and Borrower,subject to the provisions of 6
<br />--_� =' "• _':•a', parugruph 17. Borrower'.s covenunts unJ ugreements shull be ioinl and severul. Any Barower who co-signs thi+Security
<br /> .+��'�;'��'•-?r Instrument but dces nrn executc the Nute: (u)is co-xigning this Security lnstrument only�o mortguge,grant und convey that
<br />—" ;,. f�S!''�' `' � ;� Borrawer�interest in the Propeny under�he terms of thi�:Securiry Inti�rumenr, (b)is not pen�onally oblignted to puy the sums �
<br /> — �������`•� � :�, secured by thi+Security lnstrument:and(c)agreex that Lcnder nnd any other Borrower rnay ugree to extenJ,madify,forbeur __
<br /> �?'���x�•��;�'' or muke any uccommodations with regad to �he term+of this Security InatrumeM or�he Note without thut Barrower c
<br /> —._=+�1�-:::��.�.;.'� ronsPnt.
<br /> `'"'''�w • 13. Loan Ghprges. If the laun secured by thix Security Instrument is�ubjeci to a luw which se�x maximum loun _
<br /> �,,;`� charges,und�hut Inw ix finally interpreted�o that the intcre+t or other laun churges collected or to be collected in cannection
<br /> " , ��" +� with the laun exceed the permitted limi�s,then: (u)uny+ucb loun charge shall be reduc�d by the umount necessary to redure _
<br /> - r ' ` the charge ta the permitted limit:und(b)any sums nlready colMcted from Borrower which exceeded pennitled limils will be
<br /> '-�'�, r' � � refunded to Borrower. Lender mny choose lo make Ihis refund by reducing the principal oweJ under the Nate or by mAking u
<br /> -.��, �:.�` � .,,: direct puyment to Borrower. If u refund reduces principul,the�rduction will be trented os a pnrtinl prepuyment without uny _
<br /> � prepayment churge under�he Nate.
<br /> V�,^� -�* '?�r 14. Nodces. Any notice to Burcawer pravideJ for in ihis Securiry Instrument tihall be given by delivering it or by
<br /> � "'° muiling il by fir.ct clnss muil unletis applicuble luw requirex use of another method.The notice+hall be direc�ed to the Pro�x:ny __
<br /> R�'��n",'� ` :��1�1� o er address Borrower dcxi nutrs b noticc io Lender. Any notice in Lendcr shall be given by first clasx -
<br /> �..�, Addrew.r•or uny th 6 Y
<br /> � �`"' ., �. mail to Lendcr�addre�s stuted hercin or uny other uddres,Lcixier Jesignutes by notice te�Borrower. Any notice provided for
<br /> ,�,_ _,. : in this Security Instrumenl tihull 6c dcemed to huve Ix:en givrn to Borrowcr or Lcndcr when given us provided in thic _
<br /> ��' � -=-- ara ru !.
<br /> r=`'�' p B13 CoverninR LAw; Severabllity. This Securily Ins�nrment .hull tk governed by fede�al luw and thc Is�w of the "_
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<br /> s; ,�; a�±�� jurisdiction in which ihe Property is locuted. In�he event that uny provision or cluuse ot'�hix Security Inslrument or the Note
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<br /> _ • ; `� conflict.r wilh upplicnble luw,such rontlict�hall not affert other provision+nf this Securiiy In�uument or the Note which cun �,�;.
<br /> � �°' be given effect withaut the conflicting proviaion. To this end the pmvitiiom of this Security Imtrument und�he Note ure
<br /> --- ����' �. declared to Ue�everable.
<br />_�-"_'� �� :"' � 16. Borrower's Copy. Bcxrower�hull Ix given unr confomud ropy of Ilx No�e unJ of thi.Security Instrument. -
<br /> °' • 17. 71rAnsfer of the Property or n Beneficiul Interest in Brnrnwer. I I'ull or any part of ihr Property ur ony inlrrc.t in �
<br /> t` �•• •• � r• it is sold or trunsfcrred(or if u lxncficiul imcrest in Bomnwcr iti xuld or tran.F'crrrJ a��J Burrowrr is not u naturul penon)
<br />.�'�:�.,_��;�:,''., • �:�_
<br /> °— �"� s"- without Lender's prior written con4ent, Lender may,at it.opiian,mquire immcdiatr payment in full iil'ull�umti srcured by �
<br />`� K�� thiti Securil In,trument. However,�his optinn shull not Ix exercixed by l.ender if ex�rci+e i+ pmhibi�ed by feclernl luw u.of -
<br /> ',,�.",�,�" the dnte of hix Securi�y Instn�ment.
<br /> ' ��'��'��y�• If LcnJer exerriuus thi�aplion,Lcn�kr rhull give Borcowcr nolic�ol'urcclrrution. Thr notirr.hall provide u�xricxi of �,,�
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<br />--�„ - , � • • ' not Iess than 3Q doys fmm the dutc the nnticr is drlivrrcd rx mailed within which B��rru�vcr mu�t pay all wmti,ecureJ Ny thi,
<br /> Security InslrumenL II' Borrower fail. ti�p:ry thcsr �um� priur to �hr rxpiraliun uf thi+ �xnoJ. Lrndcr muy invokc any __
<br /> ' remedics pertniueJ b���hiti Srrurity Inxtrununl without funhcr noticc or drmund�m Horru��rr. ��
<br /> . _�. °.. - 18. Borrnwrr's RiRht lo Reinstute. It' Bunowcr meet. cen:�in ronditiun.. N��rn»�•cr+hall ha�•r 1hc right to huve =-
<br /> enforcement of�his Security Inrwmciu di.rominucd at any timr prior a�thr carlicr of: lu)S J:�y.lur wrh iuher periaf uti �-
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