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<br /> condemnation or other wking of any purt of the Property,a for convoyance in lieu of co�demnation. lureby asssi�n and
<br /> ` riwll ba puid to L,endcr.
<br /> - -- � In the event of a tatal taUng of the Pmperty. the Proceeds shali be applied to the sums secured by thia Secu�ity
<br /> - ; Inatrument,whetFier or not then duc,with nny exccss puid to Borrower. in the event of a puninl teking af the Property in
<br /> _ --- which the foir market value of the Property immediately before thc taking is equal to or greater�han the umount of the eums
<br /> �._. � accured by this Secu�iry Inshument immediately 6efore the taking.unless Borrowcr and Lender otherwise wgrca in wrlting,
<br /> -"=��--�' - -�� thc xumb �;cccured by thls Sccurity Instrument shall he reduced by the pmounr of�he praceeds multiplied by the following
<br /> '=` I froction: (a)�he rotnl emount of the aums secured immediately before the teking,divided by(b)the fair mnrket value af the `
<br /> '�-' Propeny immediately beiore the tuking. My balnncc shall be paid to Borrower. In the event of a partial taking of thc
<br /> °' - � Property in which the fuir market vnlue of the Property immediAtely before the wking ix kss than the nmount uf 1he suma
<br /> secured immediately before Ihe taking, unless Barrower und Lender athervvise ugree in writing or unlesg applicable lew
<br /> i,�-�-�, othenvise pravides.the proceeds shall be uppNed[o the sumx secured by�hiR Secudty insuumenc whether or no[the eums are
<br /> --- -- -- —� then due.
<br /> -- -----=_ --- . If the Property is abandoncd by Barrawer,or if,ufler notice by Lender ta RnROwcr �hut the ccx�dcmnor oifer�ta mukc __
<br /> „v,�-.��� un award or settle u claim for dmm�gew,Hara�wer fuiix tu rcwpnnd ta l.ender within 3b dayx;,fter the date Ihe notice fs given,
<br /> -_— Lender is nulha�ized to collect and apply�he pnxe�d�.at itx option,cilher to rcKtarrtion ar repuir nf Ihe Properly or lo the
<br /> _ �ums�cured by�his Sccu�fty In�trumcnt,whelhcr m not then duc.
<br /> Unlesx Lender and Horrower aherwi�e agrce in wrfting,any upplicution of pr�xecdr to principul xhull m�t extend w
<br /> — - postpnne the due date of�hc munihly paymcnt.r•refencd�u{n purugruphr+ I ond 2 ar chunge ihe,�mount uf xuch puymenlw.
<br /> � 11, Borrower Not ReleAAedi Farbeoronce By l.ender Nnt a Wwiver. Ex�cnxMm of �Ix: timc iar puyment ar
<br /> _ _� --; modi8rutinn M amonizu�ion nf ihe tiuma sccurcd hy tid:+ti�xurity fnhtrumcnt grnntcd by Lender to uny succe«snr in ImemK1 �
<br /> „_�;� � of Sorrowcr shall nM�perutc to mlca� thc liabillly of�hc originui Burruwcr ur Burwwcrk succcssarx in intcrext. l.ender
<br /> —�--������� xhall nat bc requircd to commence praceedinga uguin�t uny succea.ur in i�terexi or rctuse to ex�end time for payment or
<br /> j+_,.�sh;:`" ,w'�'%:;'>, alherwise malify umanization uf the tiumx necured by thiw Security Inr�rument by reuxon of any demund made by the ur�ginnl
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<br /> r;,���;,w'"" Borrowcr or Borrowor i:succexzorx in interest. Any forMeurrnce by Leixler in exercising any right or remedy shull nat be a
<br /> u,�.� woiver af or preclude the exercise of uny right or remedy.
<br /> —"��-- � =! 12. Successora And Assigns Bound;Jolnt And Several LiabNltyi Co-algnera. The covenuntsv and ugreementx of thix
<br /> W �w ��'~ 7i� ' I Security Instn�ment shnll bind and benefit the,uccexson and a,wignw of Lender and Bormwer,�;ubject to the provisions of
<br /> =.���`� � purngrnph 17. Borrowerk covenants And agreement� 5hu11 be joint and�everul. Any Borcower who co-signs this Security
<br /> �— sr,�:�i�; � Instrument Nut does not execute the Note: (u)is ca-4igning this Secu�ity Inxtrument only to mortguge,grant and convey that
<br /> ����� � Borrawer's interext in the Property under the terms of this Security Ins�rumenr (b)is na personally obligoted lo puy the sums
<br /> _ � -..�r����;� • secured by this Security Instrument;and(c)agrees that Lender und nny other Borrower may agree to extend,modify,forbear
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<br /> � � � or muke any accommodations with regurd to �he ternts of this Security Instrument or Ihe Note wlthout Ihat Borrowerg
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<br /> t' 13. Loan Chargc�, If the loan secured by this Security Instrument is subject to u law wh�ch sets maximum ioan
<br /> •.'w, �,�-y,,, 3 . charges,and that law is finnlly inrerpreted xo that the intemst or other loun churges collected or to be collected in connection
<br /> �=�: .�;,;,,;, ;,.�,,,,,.,,�o�: with the loati exceed the perm�tted limits,then: (al any such loun charge shull be reduced by the amount necexsury to reduce
<br /> •*x the charge to the permitted limit;and(b)any sums nlreudy collected from Borcower which exceeded permitted limits will be =
<br /> _.�Z; �. .. • refunded to Borrower. I.ender muy choose to muke this refund by reducing the principul owed under the Note or by making a
<br /> __ �.: direct puyment to Borrower. If a refund reduces principul,the reduction wilt be treuted As a partiul prepayment without any
<br /> _ ,. � •• prepayment charge under the Note.
<br /> " � ° 14. Notices. Any notice to Eiormwer provided for io this Security Instnrment shall be given by delivering it or by
<br />—�' + � �� � �� mailing it by�rst closc mail unless upplicublc law rcyuires use uf unuther method.The notice shall be directed to the Property
<br /> -� Y �"" " ' ''� `" Address or any other uddress Borrower dexignutes by notice to Lender. Any nwice to Lender shall be given by fint clu.ss
<br /> -= ' "``J mnil to Lender's address ztated hercin or uny other uddress Lender designutes by notice to Borrower. Any notice provided for _
<br />-�,;,. � � in this Security In.r•Irument +hull lx dcemed to have bcen given to Borrower or Lendcr when given nr provided in this
<br /> � ,�a�. • , w P�g�ph _
<br /> �i;" ' `� "�"`� �� ' , IS. GovernMg Lnw; Severability. Thi, Security Instrumen� .hall be govemed 6y federal Iaw and the law �f the
<br />- ` 'a"'" " �'' jurisdictian in which the Propeny is locnted. In the event ihut uny provi,iun or clause of this Security Instrument or the Note
<br />"A'H' � "� � � :� conflicts with applicuble luw.�uch wnflict xhall not uffect othcr provisiom of thi+Security Instrument�r the Note which cun =
<br />`�.*; .Y�� . ,� be given effect without�he conflicting provision. To thi.r• rnd the provisions nf thiti Sewrity Instrument and the Note are
<br />° t ' • , .�s• declared to be scveruble.
<br />= "` � � � 16. Borrower's Copy. BoROwcr tihall he given onc ronfortncd rapy of the Note and of this Security In+trument.
<br />�: � � ,%k. "�• , �" 17. 71�wnsfer uP the Property or a licneiicial Interest In Borrnwer. If ull or uny pnrt of�he Pruperty or any interest in
<br />- �,�...� it is sold or trunsferred(or if u beneficial intcn�l in Bormwcr i+ tiald or trunzferrcd and Bonower is not a nuwrul person) _
<br />� •�,;; - without Lenckr's prior written consent, Lender m•ry,ut ils oplion,reyuire immrdiute payment in full of all sums xecun:d by
<br />',.�' • - � �his Securiry Insln�m�:nt. Howcver,this option shall na Ik:rxercixed by Lender if exercise iti prohibiled by federul law as ot' -
<br />••, ' ' the date of this Security Inztrument. -
<br /> � If Lender exercises this nption,Lender shuil givc Borrower noticr�if ucccicrutiun. The notice�hnll providc u period of
<br /> � „ ' �Y-��r:-. not Icss than 30 days from the dute the notice iti dclivrmJ ur muileJ wilhin whirh Burrwvcr mu�t puy:dl.umx secured My thix
<br /> ,r, ° � Security Inr�rurnem. 1(Bormwcr I'ril. w pay the.r zum� priur to Ihe expiratiun of this Fxriixl. LenJer muy invoke uny
<br /> ' ° �� remedics pertnined h;�this Sccuriry In+trumcnt wiiheiut fuehcr noticc or JemunJ un Bon��wcr. _
<br /> �� l8. Borrower's Rlght to Reinstate. If Borruwcr���cet� cenuin cunditi�m,, Borrawcr zhall have thc ri�eht to huve -
<br /> " enforeemem of this Security In+trumrnt di.cuniinurJ :u any limr priur Ic►th�r:►rlicr uf: 1�1 S dt�y� (��r+uch othcr perial us
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