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<br /> a, condemnetion or other taking of aay part of lhe Property,or for conveyance in Ileu of condemnat�on,a�c hereby esaigned and
<br /> � slwll be paid to Lender.
<br /> - - -- In thc event of� trn�l �nking nf the Propeny. nc� proceeds shull be applied to the sumR secured by this Secur�ty
<br /> -' Instrument, whether or not then due.with any excegs paid to Bortower. ln the event of u paRial teking of Ihe !'roperty In �
<br /> ;,.; which Ihe ftiir market value nf the Property immediately before the tuking is equal to or gmn�er than thc umount of thc suma
<br /> = secured by �his Security Instrument immediately before thc taking,unless Borrovrer and Lender otherwi�c agree in wdling,
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<br /> _;,, ;�� t6e sums xecured by this Security Instrument shall be reduced 6y the amount of the prceeeds multiplied by tha following
<br /> "•;�•--- - - fraction: (u)thc towl amount of the sums sccun:d immedintcly before the taking,divided by(b)the fair market vulue�f the �
<br /> I Proporty immcdistely before the taking. Any bulance shall he paid ta Borcower. ln thc event of n partinl teking of the
<br /> .__._ Propeny in which the fair market value af�he Property immediately before the taking is less thun the Umount of the xurns
<br /> secured immedfntely before the tnking, unless Barrower und Lender atherwise agrce in writing or unlesx applicnble luw
<br /> - --_ - o�herwise provides.the pruecr,lx�i�aii I,e appiicJ to tl�s,ums rwcured by this�ccurity Insttument whether or not the xums are -
<br /> :;n�.�-..—. -- then due.
<br /> �s�� If the Praperly is ubandoned by Bonower.or if,uftcr notice by Lendcr to BoROwcr thAt the cundcmnor uffcr��o makc
<br /> ----- - --a-r- =�=„� un uwunl ur rcc�Ue u cluiu�fur dumug�+,Dorrnwcr fuilx ta re,pond a�l.cndcr wUhin i0 duyti uf�cr thc da�c�hr nuticc i� given,
<br /> - -- Lender ia authariaed to collect und upply�he prMCrJ�,a� i���ption,ei�hc�to rcxtora�ion or repuir of the Propcny or to the
<br /> Rums��ecur..d by thiK Securily In�trument,whethcr or not Ihen due.
<br /> ���'�'_.-'��-�' Unleys Lender und 8orruw�r ulherwitic ugme in wrfting,uny upplicud�m oi'puxccdr, ta p�incipul xhull nc►t eztcnd or _
<br /> _� � � puxlpane Ihc due du�a of Ihe munthly puymems refrrrcd ta in purugruphs 1 und 2 or chunge�hc omoun�nf such puymentk.
<br /> ' "� Il. Borrower Not Released; FarbeA�ance By l.ender Nut a WAiver. �xtenxion oT �hc timc f'or puyment or
<br /> s,.�.�.n,.�.�.�.
<br /> =�� madiFcu�ion��f amoniwtion of the,uma secured by ihis Scru�ity Inztrumcnt grunted by Lender�o uny rucccssar in intcrest
<br /> of Born>wer shall nM aperute lo relcusc the liuhility of Ihe originul Borrower or Borrowerx xuccesxon in interest. l.ender
<br /> - � TiF.?.�••"'m.��'::�i'`� xhull nm be reyuired tu cammenre pnxeedinK+�ugufm�uny huccentiar in interest or refuse to extenJ time fur puyment or -
<br /> � otherwl�;e modify iunonization ol'�he xumx xecurcd by this Security In.trument by reuson of uny demunJ mode by the original
<br /> � '•,.`:. :.., b;. • Borr�wer or Borrower�successors in intcrest. Any forbearunce by Lcnder in cxerciaing uny right or remeJy shull nnt be u
<br /> '� , waiver of ar preclude the exercise of i+ny righ�or remedy.
<br /> -�� ����,.' �.:;,;� 11. Succes�sors And Asal�na Buund;Joint and Several LfAbilily=Caslgnera. The covenunts and ugrcements of thix
<br />_ . �� • • ;, Securi�y Instrument shall bind and bene�t the successors unJ assigns of Lender und Borrower, subjecl to the proviaion�of
<br /> • �•J};;;�"�..�, purogrnph 17. Borrowerti covenants and ugreements shall be joint und severnl. Any BoROwer who co-signs �his Security
<br /> ' ,F�,.,y;;. .•,y��a;,s� Instrument but dces not execuie the Note: (a) ix co-signing this Securiry Instrument only to martgoge,grnnt und convcy thut
<br />-- i''` � ���•��` ��'�: � BarrowerE interest in the Property under the�erms at'�his Securiry Inatrument; (b)is not personully obliga�ed to puy the sums
<br />=,x' � �'�'�•'�' !� sccurcd by ihis Sccurity Instrumcnt;and(c)aRrccs that l.cndcr and any athcr[3orrowcr ma�+agrcc ro cxtcnd,modify,forbesu -
<br /> il or make any accommodations with regcu�d �a �he terms of thi+ Security Inxuument or�he Note wi�hout that Borrower's
<br /> � �,`r` ., �;'. • consent.
<br /> - �!�•=�?.� � ]i, �,�p('�p�gp�a, If�he Inzm cecure�i hy thi� Cecurity Inxtrument ix suhject to a Inw which sets muximum losin
<br /> - - ' � „ ; , churges,und thut law is Pnally interprcted so thut the intere4t ar other loun churges collected or to be collected in connection
<br /> .�..;��� „ �,. with the loun exceed�he permitted limits,then: lu)uny tiuch loan charge shull be reduced by the umount necestiury to reduce
<br /> ':� ° � the charge ta the permitted limit;und(b)uny xums nlrendy collected from Borrower which exceeded permitted limi�s will be
<br /> 6, � refunded to Borrower. Lender may chcxi�e to makc this refund by rcducing the principul owed under the Note nr by muking u
<br /> �,^,�.. ";:�;,;,�c;•.
<br /> direct payment to BoROwer. If u refund reducex principal,the redurtion will be treated as u paniul prepayment without any
<br /> .- —_-- , p:�pa�r�.cm.har&cundcrthc;':ntc. -
<br /> " ' ' 14. Notices. Any notice ro Burrowcr provided far in thiti Security Instrument shull be given by delivering it or by
<br /> �� ';`;�'r. � � mniling it by tirst cluss muil unless upplicublc luw myuires use of another me�hod.The naice xhall be Jirected�o the Property
<br /> ' • .� Addrt:sc or uny other uddrrsti Borrawer dcsignu�cs by notice to Lender. Any notice to Lender shall he given by firtit clu�s
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<br /> .�J ,, '�t�""'b mnil to Lender'x uddresx stated herein or any other uddrex,Lcndrr Jesignules by notice to Borrowrr. Any notice provided for -
<br /> �;�� in this Security Instrument shall F►c decmed to huvc heen given �o Borrower or Lender when Riven us provided in this
<br /> ' ,,fA�� . � porngroph. .—
<br /> �'•" °• ' ` • , 1S. GovernMR Law: Severab0ity. Thir Scrurity Imtrwnen� ,hull br govcrrkJ by federal law and the law of the
<br /> ;' ''�" � " ' jurisdiction in which the Property iu Icuutcd. In the evcnt that any provitiion or clause of thix Securily In+trument or Ihc Note E
<br /> ' .R .. �un0i�1�wilh applicablc law.�ucl�cunllicl�liull nul afl'cct ulher pruvi�iun,uf�hi.Srcurity In,irumrn�or thc Notc which can `
<br /> • ' be given effect without the conflictin�provision. To thi,end [he provixiimz nY thix 5ecurily Instrument und �he Note are
<br /> ' � ' declarcd to be severuble.
<br /> ' � ,;. 16. Borrower's Copy. Burrowcr rhull hc Eivcn unc runfornied�apy of thc Notc und i�f this Scrurity Ins�rument.
<br /> •, �� .. , 17. '[YansPer of the Propertv or a Beneficial Interest in Bnrrower. If all or uny pun of thr Propeny or any intcrest in _
<br /> „ ,, it is tiold or trunrferred (or if u Ixncliriul interesl in Bumnvcr i�suld or lrunslerred and Bo�re�wcr is not u nuturul person) _-
<br /> ����- without Lenderk prior written consent.LcnJer muy.;�i its option,reNuire immeJiatr paymrnt in full of all sums secured by "
<br /> . . ._
<br /> � '*'•�`�� � „ ' � this Security Inzln�ment. However,this option shull n�N he exrrciseJ by l.ender if exerci.e iti pruhibi�ed by federnl luw us of k`
<br /> '` ' � ' the date of this Security Instrument.
<br /> ' .''" �=- If Lender excrcixes this option,LcnJer shull givr R��rrawer notice ut'uccrlcru�ion. Thr noticc shnll providc a period of
<br /> �4P����r"'' � not Iess than 3O duys from the dute thc noticr iti drliven:J or muiled wilhin which Borrower mu.t pay ull sums tiecurcd by this =
<br /> .�, ; . ,. � Security Instrumcnt. If Borrowcr fuil. lo pay th��c xumr prior tu thc rxpiru�iun uf thi. Exricxl. Lendcr may invoke uny
<br /> �• mmedies permiucd by thi.Security Ms�rumcnt withuut I'unhcr noticc or dem��nd un Burruwcr. -
<br /> i . , 18. Borrower's Right to Rcinstate. If Bur�owrr mcet+ rrrtuin cnnditiim+. RoROwcr �hull havc thc right to huvr �
<br /> enforcemern of thi�Securi�y Instrumrm di�runtinurd:u any �imr pri��r 1��thr rurlicr uf': Iu1 5 day.(ur�urh �Hhrr�xriad us
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