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<br /> condemnation or ocher takinII ut�+ny psut of the Property.or for conveyunco in Ifeu of condemnwion,arc hereby usiri�ned and
<br /> W�all ba paid to Lcnder.
<br /> In the event of a taol taking of�he Property. the proceeda shpll be applied to tho xums xeauned by �his Secu�ity
<br /> _....____ _. __� lnstrument.whether or na��en due, wi�h eny eacegK pai�w Sunuwc�. fu tin:av�ut uf u pa��i+,f[ai�i��g uf tlau i'r.�.:.riy ir.
<br /> — _ which the fuir murket vulue of the Property immediutely before tht taking is equal�o or greuter than thc Arnount of the sums
<br /> � `° °�—' secured by this Secudry Instrunient immcdiutely before the tnking,unlesx Borrower anJ L.cnder othcrwlrc ugrce in writing,
<br /> — the sums secuned by�his Secudey Inatn�mrnt sliall be reduced by the amount af the prceeedx muUipBed by �he following
<br />—�—�'---'�s" frnction: (u)the tatal amount of the sums aecured immediately before ihe�olcing,divided by(b)the fair murket velue of thc
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<br /> - — Property immedistely befare the Iaicing. Any bulonce Rhall be paid ta Borrower. In the event of u portial taking of thc
<br /> Property in which the fair market value of the Propeny immediotely before the laking iK less Ihan the Amaunl of the Auma
<br /> � secured immediately before the taking,unless Barrower und l.ender dherwise agrec in writing or unlcxx applicnble law
<br /> otherwlse provides,the�,racecds shall be uppUed to the xums secured by shia Sec;udty Inatrument whether or not the Kums are •
<br /> -- -_--� .`.`::.""'� then due.
<br /> --�,�,�� If the Property is ubandoned by Barrower.ar if,after notice by Lender ro BoROwer that Ihe condemnor offer� to make
<br /> Y un Awurd or settle a chim for damages.Borrower failK to respond to Lender w•ithin 30 dnyg ufter the dale the natice is gfven.
<br /> �_�~'� Lender is authorized lo callect aad apply the praceeds,nt iu:aption,either to restoration or repnir of Ih�Propeny or�o the
<br /> - sums secured by this Securky Instrumenl,whether or not Ihen due.
<br /> Unless Lender und Borrower othenvise agree in writing. uny upplicatian of proceeds ta principnl shall not extend or
<br />'-- - - postpone the due dute of the monthly payments referred to in paragrnphs 1 ond 2 or change the umount of such puyments.
<br /> ��� 11. Borrower Not Released; F'orbearancc By l.ender Not a Waiver. Extension of the time for puyment or
<br /> ____�_.�� moditication of amonization of the sums secured by this Security Instrument grs�nted by Lender to uny successor in Interest
<br /> -- - of Borrower shetl not operate ta release the liability of the ur�ginnl Borrowar or Borrower's successor:; in interest. Lender
<br /> shall not bc rcquircd to cammcnce pr«eedingc uguinst uny succeasor in interest or refuse to extend Iime for puyment or
<br /> ;r..';:�`.�:.':'I� otherwi�se modify amanizatbn of the sum�secured by this Security Instrument by reason of any demund made by the originctl
<br /> --~-���� Borrower or Barowerl xuccessors in intereKt. Any forbeurunce by Lender in exercisfng any right or remedy shall not be a
<br /> ' ��x':��>`��J� waiver of or preclude the exercise of uny dght or remedy.
<br /> �'��`�w�.;:���� 12. Successors ond Asslsns Bound;Joint and SeverAl UabiUty;Co-slgners. The cavennnts nnd ugreements of�his
<br /> �.'����..- Security Inslrument shull 6ind and benefit the xuccessors und assigns of Lender und Borrower,�subject ta the provisions of
<br /> �;_�, _.�i�q: ,h� pnrugrnph 17. Borrower's covenants und u�reements sholl bc joint und several. Any Borrower who co-signs this Security
<br /> r • ''�'"• . Instrument but does not execute the Note: (n)i�co-signing this Security Instrument only to moR�age.grunt and convey thut
<br /> �.},•"'';`�'.,�a:�f,�'a•,.;�'� '�:',%: Borrower's interest in the Propeny under the�ermx of this Securily lostrument; (b)is not per�onnlly obliguted�o pay the sums
<br /> _{�""�` ' � secured by this Securiry Instrument;und(c)ugrees thut Lender und any othe�Borrower may ugree to extend,modify,forbeAr
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<br /> •;�iir�,..��:��«:.,�..� or make uny accommodatlons wi�h regard ro �he terms of this Security lnsnvment or the Note wit9aut that Borrower's
<br /> ;��,�ti.��.,�;,,:, consent.
<br /> ,•,.��..r�;j� 13. Loon Charges. If the loan secured by this Security Instrument is wubjec� to u luw which sel� muximum loun
<br /> ;y;-�4� ; ::y=���•. charges,und that iaw ia finuily intetpreteci so�hat the interexi or oiher luun churge�coiiected or ta be wiiected in connection
<br /> �.:�u :�� '� with the lonn exceed the permitted limits,then: (u)any such lonn chnrge xhAll be reduced by the amount necessary to reduce
<br /> '� �,,;;;..,..;,��;, the charge to the permitted limit;und(b)any sums ulready collected from Bortower which exceeded permitted limits will be
<br /> �"`=�.;:L�s'• refunded lo Borrower. Lender may choose to mulce thix rcfund by reducing the principal owed under the Note or by making a
<br /> �,•, Jirect payment�o Bortower, lf a refund reduces principul.the reduction will be treuted us a partial prepayment wkhout any
<br /> ��!�'^';�1� "' prepnyment chsuge under the Note.
<br /> �;`�;a-s�.-x--- ���� 14. NoUces. Any naice to Borrower provided for in this Securiry Instrument shall be�iven by delivering it or by
<br /> �,y„�;�.,;rr.:�� ��'' mailing it by first rlass muil unletis applicuble luw reyuires use of unother method.The notice shull be directed to the Property
<br /> _:;,;r,:,,,`, ,. �' ' Add�tss or any ather uddmss Borrower designutes by notice to L,ender. Any notfce to Lender xhull be given by fimt clnss
<br /> ;,ti,,�,��,;;�. ; mail to Lender's uddrest slated hcrein or uny othcr uddre,s Lender dexignutes by notice to Borrower. Any notice provided for
<br />� � � - � ��-•�� in this Security Instrument shall be dcemed to hAVC been given �o Borrower or Lender when given us provided in this
<br />'.�asa'�.�'.,��• paregrnph.
<br /> '"`"'��' "� 15. Covernin Law; Severabilit 7'his Securit Instrumenl shnll he overr�ed b fcderul law and the law of thc
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<br /> �;�.���`•�, juriisdiction in which�he Property is loruted. In�he event thnt any provision orcluure of Ihis Security Inwtrument or the Note
<br /> ��••� � conflictx with applicuble law,xunc�ontlict shull not uffect uther provision�of this Securiry Instrument or the Note which can ,
<br /> ���.: � �� � be given effect without the contlicting provi.ion. '(b this enJ the pravisiom c,i'�his Security Instrument und the Note ure -
<br />__ . . declared to be ticverable.
<br /> '�, � ' 16. Borrower's Copy. Borrower shull be given one conti�rmeJ copy af the Note und of this Security Instrument.
<br /> � 17. 71rAnRfer of the Property or a Beneficial Interest in Borrower. 1 f al l or uny p•rrt of the Property or uny interesl in
<br /> '`• '; : � � it ix sold or trunsferrcd (or if a beneficirl inten�xt in Borrowcr is sold or transfeRed and Borrower is not n nuwral person)
<br /> o"�. .,;.,� without Lender's prior wrilten contient,Lendcr muy.ut its option,rcyuire immediate puyment in full of ull xums secured by
<br /> .fi�,��...�;.... �' �his Security InslrumeM. However,this opticm xhall not lx:exerci�ed by Lender if exercixe is prohibited by federnl luw as of
<br /> •��;'"=� � the date of this Security Inslrument.
<br /> '"��' If Lender exercisex this optiun.Lrndcr shull givc Borrower notice of ucrclrrution. The nwice,hall provide n periad of
<br /> ��6%�-6::�.� , not less thun 3U days from the dute�he nmice is delivcrcJ or muiled within which Bnrrower muxt pay ull sums securcd by this
<br /> `-'�`":i - Securiry In�tniment. If Borrowcr fuih tu puy thesc xums priur to thc expirution of Ihiti perincl. Lcnder may invoke any
<br /> ' •�:....- remedies permiacd by�hi,Sccurity Instrument without furthcr nolire or drmunJ��n Burruwcr.
<br /> l8. Borrowe�'s Riqht to Rcinstute. If Borruwrr nuch cerlain ronditiuns, Borrowcr.hull huvc �hc ri�ht to huve
<br />_� enforcemrnt uf�hiti Securi�y In.trument di�continucd •rt•rny timc prior�o the e:�rlier of: (�I 5 Jay�(or,urh other prriod us
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