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<br /> _ _ � 92- .106.9"7'6
<br /> � candemnatian or othcr takin�af ony part of thc Propeny.or for convoyance in lieu of candemnatlan.uro hcroby as�i�nod '
<br /> _ _ ehall be paid to I,endPa _
<br /> In the�vent af u tatal ta�ing of the Piuperty. �hc proceedx shall he npplled tu the sume xecured by thi� S rity
<br /> h�strumenl,whcthcr or not then due,wlth any cxccsx puid to BoRUwcr. In Ihc cvcm of u puniul tuking of�hc Pro ny in
<br /> � which thc foir market vulue nf thc Propeny immcdiately 6efc►rc�he tuking ix cyual tu or greatcr than tho amiwm oi t xumr
<br /> -- - �cecurcd by�his Sec:urily In�trument immediately bafare the tuking,unlesx Bormwer and lxndcr oihenvixe ugrce in dting,
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<br /> �=—_` �__.��' thc xums xr�:urcd by d►ir Sec:urity Instrumcm �hwll bc rcduccd by Ihc amuunt uf thc p�.x:ccJ.multiplkJ by thu f Iluwing
<br /> frxtion: (a) �he totnl amount af the sums secured immedfotely befare the�aking,divided I�y(b) thc fuir mur{cet voluo of thc
<br /> '�''�' Property Immcdiatcly beforc thc uiking. Any bulAncc Ahnll be paid to Bormwer. In the evcnt at'n paniul takfng of the
<br /> Praperty in which thc fuir m�rket vulue of the Property immediatcly 6efore thc taking ix Ic4x than thc umount af the sums
<br /> - secured immediateiy before the taking, unless Borrower und Lender otherwise agrce in w�iling or unlexx upplicubk luw
<br /> - -----_--= otherwise pmvides,the proceeds shull be uppNed to Ihe xums secured by this Security Inxtrument whethcr or not the suma ure
<br /> �- ,,,■,asa,n„■,,.m,� then due.
<br /> — If the Pro�rty is ubandoned by Borrower,or if,ufler nutice My LenJer to Bur�uw�r that thr rundcmaur uffer�to mnke
<br /> - en award or settic u claim far damage.4,Borrawer fi►ila to respond�o Lender within 30 day+uQer thc du�e thc nntice iK given.
<br /> ----- Lender is uuthorized to collect nnd apply�he proceeds,m its aption,either to restorntion or rcpuir of�he Propeny or�o the
<br /> -----_"_— sums Recured by this Security In.rtrumen�whether or not then due.
<br /> °' Unless Lender nnd Borrower aherwige ngrce in wdting,nny applicatian of proceeds ta p�incipal shull aot cxtend ar
<br /> � poatpone 1he due dare of the monthly payments refemed to fn paragmphs 1 nnd 2 or chnrige the umuunt of wuch puyments.
<br /> -- 1!. Borrower Not Released; Rorbearance By I.ender Not a Waiver. Exte�sion of the time for payment or
<br /> ��"— - -"- modificution of amortization of the sums secured by this Securiry Ingtniment gmnted by Lencler to uny auccexsor in interest
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<br /> _� --°�'� of Borrower shull not opernte to release the liubiliry of 1he originul Barrawer ar Barrower's succeswr� in interest, l.ender
<br /> -- ' ahall not be required to commence proceedings ngainst any successor in interest or refuse to extend time for payment or
<br /> ° .;.�:.� : � otherwisc modify umonization of the nums secured by this Security Instniment by res�.son af uny demund mude by Ihe originul
<br />_ .,-- _ _ _ - � Bocro�ver or Barrower's successors in interest. Any forbearnnce 6y Lender in exercisin�any r[ght or remedy shel!na be e
<br /> - waiver of or preclude the exercise of any right or remedy.
<br /> � � >":��;;�����• 12. Successom nnd AssiQns Bound;Joint aod Severul Liability;Co-signers. The covenunts nnd agreementti of this
<br /> � �� " �''" ' Securlty Instniment ghall bind and benefit the successors und assignx of Lender and Borrower, subject to the provicions of
<br /> ��'`'" pwugraph 17. Borrower's covenants and agreements shall be joint and tieverol. Any Borrower who co-signs thir� Security
<br />__ �..±:, ,��:-:._.,:;:�x . � Instrument but dces not execute the Note: (a)is co-signing this Security Inxtrument only to mortgage,gn►nt und convey thot
<br /> � �"` � �'� � Borrower?s interest in the Pro rt under the terms of this Securit Ins�rument; (b)is not �anall obli uted to r► the sums
<br /> � .... sI ,.���`: ;'�`.y�. °. 1� Y Y Pe • Y B P Y _
<br /> s.�r;.�...; ._ - � securcd by this Security Instrumenr,and(c)ugrees that Lender and any other B��rower may ugree Io extend,modiPy,forbeur
<br /> _._ ,.�:. ���..�,,...:._ ..'; ,
<br /> - or muke any accommodations with regard to Ihe terms of this Security Ins►rumeM or the Note without that Bonower's
<br /> -�.,.,_ • _,� •:� `~ c�s;ens.
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<br /> ..�.».; �. . . � 13. I.otm Charges. If the lumi secur�J by this Secu�•ity Instrument is subject to u law which sets niuximum loan
<br /> • " " • churges,and �hat law is finolly interpreted xo thut the interest or other losui chnrges collected or ta be collected in connection
<br />, '""" '" � with the loan exceed the permined limits,then: lu)uny such loan charge shall be reduced by�he nmaunt necessury to reduce
<br />-- o � " ` , � i the charge to the permitted limit;und lb)uny sums ulready collected from Bomnwer which exceeded permitted limitx will be
<br /> �: .. refunded to Borcower. Lender may chooxe to make this refund by reducing Ihe principul awed under the Note or by mnking u
<br /> .� � � direc t paymen t to Bonower. If u refund reduces princi pvl,the red�etion will be treuted us s�purtial pre pa yment withcwt nn y
<br /> , ,"� •,'' •� .,.t :.': I prepnyment chnrge under the Note.
<br /> '"'"' �"� `;�' '�'`' � l4. Notices. Any notice to BoROwer provided fur in this Securiry Instrument shull be�iven by deliver�ng it or by
<br /> 'a� • . �, '.: mailing it by first cluss mail unless upplicnble luw requires use of another mrthod.The notice xhnll bc directed to the Property
<br /> �� ''°""""' "' � Addres4 or uny ather Address BoROwer designutes by notice to Lender. Any notice to Lender shall be given by fint class
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<br /> • mail to Lender's address stutcd hcrein or uny other udJresti Lender dcsignates by notice ta Borrawer. Any notice provided for
<br /> ' `'�.� in this Security Instrumenl shall bc Jcrmcd to huvc heen given to Borrower or Lender when given a+ provided in this
<br /> y >� .�r+.u.,,.•�rt-...:. ,.,,, pur�graph.
<br /> � '�"'" ''�`�` ��� IS. GoverninS Law; Severabllfty. This Security In+trument tihull be govcrncd by federal luw nnd the law of the
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<br /> �=,;�,,n„�,,�, ° _ , jurisdiction in which the Property is IoculeJ. In Ihe event Ihut uny provision or rluuse of Ihis Security Instrument or the Note _
<br /> j� rontlicts with npplicuble luw,such c�x�flict+hall not affect other provisions of this Sccuriry Instrument ar the Nate which enn _.
<br /> i ,, , '•°3� -:� be�iven effect wi�hout the conflicting pmvision. To this end�he provisinns of�his Security lnstrument suid thc Nae are
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<br /> ! . declured to be scvernble.
<br /> , , ��,'-�"� r•,.,` 16. Borrower's Copy. BoROwer+hall Ix Eiven one confom�ed copy of�he Note und of�his Security lnstrument.
<br /> , • . 17. 't�ansfer of the Property or a Benet�cial Interest in Borrower. If ull or uny pan of the Property or c►ny interest in
<br /> �, ,��_--•. . . it is sold or trnnsferred(or if u benefirial intrrest in Borrowcr ix sold or Irunxfermd and Bormwer is not u nutuml person►
<br /> '�s�..ti � - ' � without Lender'.s prior wrfnen coment, l.ender may,u� its option,reyuire immcdiutc p.�yment in full oP nll xums secumd by
<br /> , . ��y,� this Security Instrument. However,this option shull not Ix rxercitied by Lender if exerci�is prohibited by federul law us of
<br /> �,.�.a.:,.. • the dnte of Ihis Security Instrument.
<br /> � � '�' � IY Lender exerciscs thi�uption.Lender shull�ivc Burrowrr nutice of ucrelcration. Thc notice shall provide u period of
<br /> � : ' ',�.,�;,,,.�, not less thun 30 days fmm the Jatr the noticc i+delivered or muiled within which Bormw�r muxt pay all sum�secured by thix
<br /> . • • - � � Seruriry Instrument. If Bi�rrowrr fuilti to p�y ihr,c .ums prior to ihc rxpiratiim of �his �riod. Lender muy invoke uny
<br /> remedies permitted by thin S��ui ity In+trumcnt without 1'unhrr nuticc or dcmutxl un Horcowrr.
<br /> • '" �, 18. Bormwer's RiRht to Reimtute. If Dorrowcr mcel� ccrtain conJilion+, Bormwcr,hall huvc the right io have
<br /> , .. enforcement of this Security Imuvmcnt di.ruminucJ at any tinu prior to Ihc rarli�r uf: �u1 S day.(i�r wrh uther periocl ax _
<br /> . i Sfnflc I�amily• Fnnnle�fe/Flrddle�tac V11KlIR�S INtiTRt'11F.NT•-l�nili�mi C�nenrm, 9/90 ��w�,•��,/n�wRes� '
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