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<br /> -- condemnation or aher takinQ of sny pan of the P�npeny,or for cnnveyWna in lieu of conjmea�li�iherSby asci�ned ud
<br /> - �haU be paid ta Lendcr.
<br /> , In the event of a toul takfng of�he Propeny, the proceeds shall be applied to the sums sccurcd by this S�curity
<br /> • "'��` . Instrument.whathcr ar not then due,with any excess p�id to Borrower. In the event of a partial taking of the Praperty ln
<br /> � which the f�ir market value of thc Property immediately before the taking is equal to or grcater than the amount of the sums
<br /> • .� secuned by this Secwity Instrument immediately befor+e the teking,unless Borrowcr and I.ender otherwise agrce in wri�ing,
<br /> _ .'LL';�•., �•^�" the sum+�cexurcd by thit Secu►ity Inttrument shell be rcduced by the amount of the proceeds multiplied by the following �--
<br /> '��`-�� ' . fraction: (a)the total wnoun�of the surtw securGd lmmediately hefore the teking.divided by(b)the feir market value of the
<br /> 4'x9"`"'�°`'�""` Property immediately bcforo the taking. Any balance:halt be pa�d to Borrowet. In the event of a partial wking of the
<br /> , 1,. , - :,� �,� Praperty ir�which the fpir market value of the Property immediately before the uking ls less than the amount of the sums `
<br /> � �ecurcd immediately beforc the taking.uoless Bartower and Lender otherwise pgree in writing or unless applicable law
<br /> �'3�; � =r=-�t, ' otherwlse provjdes,the praceeds shall be applied to�hc sums securcd by this Secudry Insdument whether or not the sums are
<br /> '"-`�'• - ' tlten due.
<br /> — ,�:«>,�.�_5.,�,� 1f the Praperry ix abandoned by Horrower.or if,ufter notfce by Lender to Borrower that the condemnor offers to make ---
<br /> ��:��•�;.�:�:--- an award or senle a claim for dama�es.Borrower fails to rcspond to Lender wi�hin 30 days aker the date the notice is given,
<br /> � ���T •� ,; l.ender is authoriud to collect and apply the praceeds,a[its option,either[o restoracion or repair of the Property a to the
<br /> �' •� �;:' ' cums secured b this Securit lnstrument,whether or not then due.
<br /> =,�u+3,�j,:,x:;•. Y Y
<br /> � Unless Lender and Boirower othenvise egree in wrlting, eny application of proceeds to principal shall oot extend or
<br /> �� � � postpone the due date of the monthly payme�ts referred to in pnragrnphs 1 and 2 or change the amount of such payments.
<br /> __--:� ;;;;��:�••;`.;'"•: " 1l. Borrower Not Released: Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br /> •�_�' �'''"' modiffcation of amortization of the suma securcd b this Securit Insuument d b Lender to an successor in lntercst
<br /> ��::-- - Y Y B�� Y Y ..
<br /> - ,��� -y��':": of 8orrower shall not operate to nelease the liability of the original Borrower or Borrower's successors in interes�L.ender
<br /> ' ° � shall not be rcquircd to comrnence praceedings against any successor In interest or refuse�o extend t�me for payment or
<br /> * :' .`..° •'. .:s;.;�,::'� otherwise modify amonization of the sums securcd by this Security Instrument by rcason of any demand made by the original -
<br /> r.� - . : Borrower or Borrower's successors in intcrest. Any forbearence by Lender in exercising any right or remedy shall not be a �"��•
<br /> ��:. ..
<br /> w�:�. ..�.a...: wAiver of or preclude the exercise of any right or r+emedy.
<br /> ' � _;, 12. Successore and Assi�ns Bound;Joint and Several LfabOity;Co-slgners. The covenants�nd agreemenu of this
<br /> � -_�..�;": , ..t.,. Security lnsuument shall bind and benefit the successors and assigns af Lender and liorrower.subject ta the provisions of °-
<br /> •b`•� �'�• • paragraph 17. Borrower's covenants and agteements shall be joint and seve�l. Any 9orrower who co-signs this Security
<br /> � Insdument but does no�execute the Note: (a)is co-signing this Security Instrument only to mortgage,grent and convey that
<br /> � N' �• ' Borrower's intercst in the Propert�•under the terms of thia Security lnsuumenr. (b)is not personally obligated to pay 1he 4ums
<br /> „ ±� a_„ . ' ���� securcd by this Security Instn�menc;and(c)agrces that Lender end uny other Borrower ma�•a�rce to extend.modify,forhear
<br /> �• � or make any accommodations a•ith rcgard to the terms of this Security Inswment or the Note without that Barower's --
<br /> -°
<br /> ,��^c:`'��A'�±.�` consenG
<br /> _ - --�
<br /> � `"` . � 13. Lown Charges. If �he loan secured by this Security Instn�ment is subject to a luw wbich sets maximum loan ----
<br /> " � charges,and that law is finally interpreted so that the interes�or other loan charges colkcted or to be collected in connecdon
<br /> � 5} ' with the loan exceed the petmined limits,then: (a)ony such locin charge shall be rcduced b�•the amount necessary to reduce
<br /> • �� ° the charge to the permitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits will be
<br /> ^�r•� ., . refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by makinR a
<br /> - •.,, dircct payment to Borrower. lf a refund reduces principal,the reductlon will be treated as a partial prepayment without any
<br /> �� '- '. p�+cpayment charge under the Note. -
<br /> 14. Notices. Any notice to Borrower provided for in this Security Inswment shall be given by delivering it or by _
<br /> �� �. � b t� �� mailing it by first cls►ss mail unkss appliceble law requires use of another method.The notice shall be directed to the Property -_-
<br /> � � Addrcss or any other addrcss Borrower designates by notice to Lender. Any notice to Lender shall be given by first class
<br /> �;�. . '��"" •,'i-`�;K, mail to Lender's address stated herein or any other address Lender designates by naice to Borrower. Any nodce provided for =-
<br /> � • �"'�•�• ' in this Secudty Instrument sh+�l� be deemed to have 6een given to Borrower or Lender x�hen given as provided in U.is --
<br /> ,� �` . . P�raph.
<br /> ' ��•�. ° 1S. Governing Law;Se��erability. This 5ecurity Instrument shall be governed b�� federal law• and the Iaw of the -
<br /> '4 ' W � Jurisdiction in which the Propen�� is loca�ed. In the event that any provision or clnuse of this Security Instrument or the Note
<br />� : �-�° '�'• conflicts with applicuble law,such conflict shull not uffect other provisions of this Security Instrument or the Note which can �
<br />'=, ,,,w,rw �., be given effect without the conflictin� provision. To this end the provisions of this Securit�• Instrument and the Note are
<br /> ° �:.. � declared to be severnble.
<br /> ., 16. Borrower's Copy: Borrower shnll be given one conformed copy of the Note and of this Securiry Instrumen�. -
<br /> � '' � ' 17. 'Ilr�nsfer oP the Properh•or a Beneficial Interest in Borrower. if all or uny part of the Property or uny interest in -
<br /> '°.,� � • " it is sold or irnnsferned(or if a beneficial interest in Borrower is sold or trunsferred :ind Borrower is not a nutural person) _
<br /> ' ' " without Lender's prior written consent. Lender mAy,at its option,require immediate pnyment in full of all sums secured by �`
<br /> • "���''' r' this Security Instrument. Hawe�•er,this option shnll not be exercised by Lender if exercise is prohibited by federal law ag of
<br /> ` � ' the date of this Securiry Instrument. --
<br /> ' ��+'�' r lf Lender exercises thi�optian.Lender shall give Bormwer notice of uccelera�ion. The notice shall pm��ide a�xriod of �-�
<br /> not less Ihan 30 days fram the date the notice iti delivered or mai led within which Borroaer must pay all sums�ecured by this �,•
<br /> .. .. Q.._:.
<br /> ., . Security Instrument. If Bomou�er fails to pay the�e cum� prior to the cxpiration of this period, Lender may invoke any F:;:�
<br /> , { remedies pertnined by this Securit��Instrument without further noticc or demund on BoROWer. �=�_
<br /> • • , 18. Borrower s Right to Reinstate. If Borrower meets cenain condi�ions. 13orrower shall have the right to h�ve �_`-
<br /> ' �-
<br /> `" enforLemenl af this Security Instrument discontinued •rt am•timr prior to the earlier of: la►t daya(or such other period as °�`
<br /> , Smgle Frmil�-•Fonnk M�e�FrMdlr�frc l'NIFURM1I INtiTROhtE'�T-•Cmfurm Coaenam. 9i90 i�kr���n�wX�si
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