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<br /> � � �� 106�1Q
<br /> - � condemnation or other taking of any pwt of tho Pmperty.or for conveyance in lieu o nation,� ure y uasi�ned and
<br /> ,• � shell be pnid to Lender. `'
<br /> • In the event of u total tulcing of the Praperty, thc proceeds shall be upplied to�he xumx xecured by thix Security
<br /> � �y.;��':`�Z Inatrument.whether or not then duc,with any cxcess puid to Bnrrower. In thc event af u purtial taking of thc Property in
<br /> `�;i. ,` '�' ''' � whlch the fair market value of the Pmperty immediately before the tuking ie eyual to or greuter thun the amount of the sums
<br /> �. . . i r,ecured by this Secur�ty Instrument immediAtely befare the taking,unlesa Borrowcr und I.ender a�henvisc ogrec in writing. �
<br /> " :1��_ i the sum�Kecured by this Securily lnstrument shull lx; rcduced by the umaunt of the proceeds multiplied by the followin� �
<br /> �;r - - fructfun; (u)�he tWal amount of tBe sums r,ecurcd immediately before�he taking,divlded by(b)the fpir market value of the
<br /> �� Propeny immediatcly before the taking. Any balnnce ahall be paid to Borrower. In ihe ovem of u pnrliul taking of thc
<br /> ' ' ' Property in which the fair market valuc of the Propeny immediately beforc the tuking fs less thun thc umount of Ihe xuma
<br /> ��"T ' i;..,,.�{'''4 . secured Immediately before the toking. unlesx Borrawer nnd Lender otherwise ugree in writing or unless applicable luw
<br /> ,'�',�,.�,•'��'- , ,���. : otherwise provides,the praceedR xhall be applied to the sums secured by this Secur�ty Instrument whether or nat the sumK ure
<br /> — .�'<<�.::.�.;•..._ �: thendue,
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<br /> —�wj� • If the Property is abundoned by HoROwer,ur if,uft�r notice by Lender t�Barrower that the condemnor offen to make
<br /> �� an awnrd or xettle a claim far damnges,Bonower fuils to respond to Lender within 30 dayK after the date�he notice is given,
<br /> �:',�:ay}�:`� Lender is�uthodzed to collect and npply the procecds,at its option,ei�har to rextorution or repAir of the Property or to the
<br />������` � e� sums secured by this Securi�y Instrument,whelhcr or not then due.
<br /> �����t''��� n Unless Lender and Barrower otherwise ogree in writing.Any applicntion of prac:eeds to principul xhull not extend or
<br /> '�''�" "'y '� st ne the due dute of the manthl a ments n:ferred to in ara m hr 1 and 2 or chan e the nmounl of such a mentx.
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<br /> = •�°� ,�.�: � 11. Borrower Not Released; Forbea�ance By I.ender Not a WAive� Extemion of ihe time for payment or
<br /> -��Y°, : _�';-k��'�: y _` �- modlficetion of.arnortizatian of the sums secured by this Security Insm�ment granted by l.ender to any successor in interest
<br /> � `�-��°� �`� . ��: � ; of Borrower shall not operate to release the liabiliry of thc original Borrower or Borrower is successon in interest. L en der =
<br /> k ,.• �; Ahall not be required ta commence proceedingr egainst uny successor in interest or refuse to extend time for payment or
<br /> �, � ��;i � othenvire madify amortization of the sums secured by this Security Instnrment by reuson of any demand made by the originnl
<br /> ;; - • �,• ' Borrower or�orrower's successors in imerest. Any forheArunce by Lender in exerci.ring any right or remedy shull nat be u —__
<br /> �� , f• +� ' waiver of or preclude the exercisc of any right or remedy.
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<br /> .. • �� i 12, Successors and Assig�s Bound;Jotnt and Several Liability:Co•signers. The covenantti und ugreements of this
<br />, , ., ;. y� i Security Instnament shnll bind and benefi� the successors and�.ssigns of Lender and Borrower. subject to the provi�ions of
<br /> .. purugruph 17. Borrowerw covenunts and a�reements shall be joint und several. Any Borrower who co-signs this Security
<br /> " ;•• ;t;' •"�^ .��`.:I loslrument but does not execute the Note: (a)i�co-signing this Security Instrument only to mortguge,grant and convey that
<br /> Borrower's interesl in�he Property under the tem�s of this Security Instniment; (b)ix not personally oblignted to puy the sums
<br /> "' r t�''���� secure d by t his Securiry Instrumen t;an d(c)ugrees t ha t Len der an d u n y o t h c r B o r r o w e r m n y n g r c e t o c x t e n d,m a d i f y,f b r b e u r �—
<br /> � . yy or make nny accommodutianx with regutd to the tenns of this Security Instrument or the Note without �hat Borrower:s f"=-
<br /> _ -- '�~= h �'=� consent. —
<br /> n 13. Loan Cqarges. If the loun secured by �his Security Instrument iti subject �o n law which xets maximum loan �
<br /> - • ' - � chnrges,und thut luw ix finully interpreted so thut the intcrest or other loun charges coUected or to be collecled in connection -- -
<br /> � ' with the loan exceed the permitted limits,then: (a)uny such loun charge shull be reduced by�he umount necessury ro reduce R�;:�
<br /> `, •• 1 the chsuge Io the pertnilted limit;and(b)uny sums ulreudy collected from Borrower which exceeded pertnitted limits will be �.
<br /> ""'*'-` refundcd to Borrower. Lcnder muy ch�se to muke thiti refund by rcducing the prirx:ipal owed under the Note or by mnking a _
<br /> " Y.�'* " • ! I direct payment to Borrower. If u refund reduces principal,the reduction will be Irented ax u panial prepayment without nny �
<br /> " �"' prepayment churge under the Note. �-..-
<br /> $'� ,. 14. Notices. Any notice to Borrower provided for in �his Security Instrument tihnll 6e given by delivering it or by —
<br /> ' , • i'� mniling it by�rst clnss mail unless npplicable law rcquires uxe of unother method.The nuiire shull be directed to the Propeny �,_-,
<br /> •� , °�' Addrcss or nny other uddresc Bortower designute�hy notice�o l.ender. Any notice to Lender shnll be given by fint cluxs �,._.
<br /> �. . ' " `: '' mnil to Lender's uddress stuted herein or uny nlhcr uddrexs Lender dctiignUtes by notice to Borrowcr. Any ncNicc proviJed for �—
<br /> '' in thiti Sewrity Intitrumem xhull lx decmeJ to huvc been given to Borrower or Lender when given ns provided in this ��'
<br /> �� • •„ ' purugrnph. _.�
<br /> ��• ,_ • � , is� Coverning I.aw; SeverabiNty. Thiz Security Instrument shull lx� govcrned by federnl Inw and thc Inw of the �--
<br /> _�.' ' , juriuliction in which the ProFerty i,lacuted. In the event thut uny pmvision or cluuze of thix Security Instrument or the Note E_-.-;
<br /> 3 � ���,:.:. .;,�,i � conflicts with upplicuble luw,such contlict tihall not uffec�other pravisionz uf thi�Security Imtrunkn�or the Note which cun __
<br /> �, ' � " ;= be given c:ffect wilhout the conllicting provision. To thix end the provi�irni. of this Securiry Inxtrument and the Nae ure _
<br /> • � declurcd to tx:scvcrublc.
<br /> ��`•""�' � � 16. Borrower's Copy. Borrowcr shall he givrn onc ronfornud cupy of the Nolc uod of thi�Security In,lrument. °__
<br /> l7. 71�ansfer of the Property or a Beneficial Interest in Borrower. If ull or any part of thc Property or uny interest in
<br /> xw. , �''d'"`�'°`' it is sold or trunsferred(or if a henrticiul intcrrst in Borrowcr is u�ld or transfcrred and Borrowcr is not u nuwrul person)
<br /> '���" . ' hti, without Lender's prior wriuen consent, Lendcr may,at its option,rryuirc immcJiute p:+ymenl in full of ull xum�.ecured by ��
<br /> • � thi,Sc�curiry Instrumcnt. Howcver,this optiun�hall not tx cxerri+eJ My Lender if excrcisz is prohibitcd by federnl luw as of
<br /> ,;-��'+�' " thedateot'this Sewrity In.trwnent. �
<br /> ; �,�;�;•, ,. ' !f Lender excrcixex thi+op�ion,Lrnder shall Eive Borcower notice of uccclerutiim. The notice shull provide u period of ,
<br /> ' :"'� '" . " , not Icsxthan�0 dny+from thr Jute�hr n��iicr i�delivered or muiled within w•hich Borrower must puy ull swm securcd My thiti �..
<br /> , ,. ., Security Inxtrument. If Burc��wcr 1'nil. to pi�y thc.r +um+ prii�r to thc rxpiralion of thiti �riud, Lcader muy invoke uny --
<br /> •. rcmedics�xrtnillcd by thiti Scrurily In.trumenl vviihou�t'unhrr ni�ticc ur Jcnwnd un Burruwcr.
<br /> �•• . •� lA. dorrower's Ri�qht to Reh�!�tate. If Burr��wrr mret. certuin ronditionx, Burrowcr tihall huvc thc right to huvc
<br /> �� r , ' cnforccmcnt of thi�Sccurity Ins�rumcnt di.r�mtinurd at am• timr pri��r t��thc rarlirr ut: (a)S day+(or,urh uthcr perial u+ �.
<br />' �' tiin�.li I�rmdr•-Fwnnle 1fuMFreddfe�tuc l'hIF11N\11ti�'fRl'1IE\T•-l'n�li�rni('u�rnanl� 9�411 �p�i.er a n)n�r���r.�i
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