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<br /> candemnatipn or other taki�g of pny part of the Property,or for cenveyanca in Ueu of condemnatian,ane hereby assi�nod wid
<br /> - �11 bc pafd to Lender.
<br /> _ In tha event oF a total tnking of tha Froperty, the praceeda shull be applied to the sums secured by this Security
<br /> Instcument,whather or not then due.with aoy excess paid to Borrower. In the event of a pnrtfal wking of tfie Property in
<br /> ----
<br /> which the fuir market valuc of the Property immediately beforc the taking is equal to or grcuter than t6e amount of the sums
<br /> - _----------=—� �ecured by this Secudry Instrument immedintely before the tnking,unless Bortower and Lendar otherwise egree in wdting, -
<br /> - the sums securcd by this Secu�ry Instrument ahs�ll be reduced by the anoum of the proceeds multiplied by the following
<br /> � — fraction: (a)the tatel nmount af the suma securc.ci immedia�ely before the taking.divided by(bl the fair mnrket value of the
<br /> Pmparty immediately 6efore the taking. Any balance ahall be paid to Borrower. In the event of a partial taking of the
<br /> Pmperty in which the fair market value of�he Property immediately 6efore the taking is less than the iunount af tha sums
<br /> secured immediately before the taking, unless Bortower anQ Lender otherwise agree in writing or unless appliceble law
<br /> - -- — otherwlse provldea,the proceeds shall be applied to the sums secured by this Security Inawment whether ar not the aums are
<br /> _ -- — _.__^�:..-_�,-.T then due.
<br /> ---- If 1he Property is ubandoned by Borrawer,or if,after notire by Lender to Borrower that the condemnor offcrs to make
<br /> � an awerd ar senle e claim for demages,Borrower fails to respand to Lendcr whhin 30 days after�ha date Ihe notice is given,
<br /> _�_o=.�;;��� l,ender is authorized to collect and apply the proceeds.at its option.either to restoratian or repuir of the Property or to the
<br /> _ suma secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in wdting, any appiication of proceeds to principal shall not extend or
<br /> �� postpone the due dute of the monthly payments referred to in paragraphs 1 and 2 or changc the amount of such payments.
<br /> -- 11. Borrower Not Released; Forbearance By Lender Not A Waiver. Extension of thc time for payment or
<br /> _.�
<br /> ---_—. - -
<br /> -—
<br /> � modification of amortization of the sums secured by this 5ecurity Instrument granted by Lender to nny succegsor m nlerest
<br /> � � of Bomower shall not operate to relec�e the liability of the original Borrower or Borrawer's successons in interest.Lender
<br /> ` ,,._ r�,,,��'�.�� -.. shull not be requimd to commence proceedingR against nny successor in interest or refuse to extend time for payment or
<br /> �-�.:�� �:a�.
<br /> ��.'';,:'" '�•°:, otherwise modify amortizntion uf the xums secu►ed by this Securiry Inxtrument by renson af any demand made by the originnl
<br /> Borrower or Horrower's xuccesson;in lnterest. Any forbearance by Lender in exerciaing any right or remedy shall not be a
<br />-" �;;.'.�i •^;=•.� � � waiver of or preclude the exercise of uny rfght or remedy.
<br /> . 12. Succesr�►rs and Assl�na Boundt Joint And 3eve�Al i,iwbilityt CasiQners. The c�venunts und wgrecments of�hix
<br />_-y";, ��?' Securl�y Instrument xhull bind und benefi[the successorx nnd uxxigns of I.cndcr and Borrower,xubJ��a� to the pravixiona��f
<br /> = � paragmph 17.Borrowcr?�covennnls nnd ugmemenlK ahull be joint and xevcrul. Any Borrowc�who co•xigns�hiH Securily
<br /> Instrument but dcea not executc the Nutc: lu)is cn-signing thiK Secu�ily Inx�rument only�o mortgugc.grunt und c�MVCy Ihut
<br /> -� �, .. ,,.,_��. Born►werH intercxt in 1he Property undcr thc temi�of thie Secu�ity Inxlrumen�; (b)iK nol penuMUlly nbligatcJ�u puy Ihc Kumx
<br /> _ ,�:. �secured by�hia Securiry Inxtnimenr�nd(c)ugreex thut I.ender und uny nther Borcawcr may uQree lu extcnd,modify,fnrM:ur
<br /> -__ _ or make �ny uccommcida�iorui wl�h rcgurd to the term�aP�hi�Security Inxlrument or the Nae wi�houl Ihat Borraweri�
<br />--° ° j conxem.
<br /> '� 13. l.oAn Chw
<br /> .; : «.j�:, �., � rgea, If Ihe laan+ccured by Ihi� Sccurity In�+trument i.subject to u luw which tiet� muximum loan
<br /> _ - �• churgeK,nnd that law is finAlly interpreted so thut the interest ur olher IaAn charges cullected or to be collected In connection
<br />- `'�'�'''�• � with�he loan exceed the pertnitted limitx,then: (u)any xuch loan charRe rsh�ll be reduced by the umount necessary to reduce
<br /> =�r.°:',�:.;; . the cha�ge to the permitted limit:und(b)uny sums alreudy callected from Borrower which exceeded permitted limitx wlll be
<br />. �a , 'r���y�.,,_ � ' � refunded to Borrower. Lender may choose to muke this refund by reducing the principnl owed under the Nate or by muking a
<br /> - •• s� �';�'�g�� direct payment to Borrower. If�refund reduces principul,the reduction will be[reeted a�a partial prepayment wi�hout uny
<br />' � ,''�,''x,�'�d�,D:°:�°: °`'"� prepuymentchargeundertheNote.
<br /> --. � ' l4. Notkes. Any notice �o Borcower provided for in this Security Instrurnent 4hall be given by delivering it ar by
<br /> r,4� ,s�""�°�^' mailing it by firxt clu.�s muil unless Applicable luw requires uxe of unother method.The nwice shall be directed to the I'ronerty
<br /> ''Y7`."'" ,'"k?',.' Address or uny other uddress Borrower designutes by noticc to Lender. Any notice to Lender shpll be given by first closs
<br /> �.�. � t�,;,;.�. .�""• mail to Lender's uddreas stuted herein or ony other uddress Lender designuics by notice�o Borrower. Any nutice provided for
<br /> L'4c� -: :��Y;.:ry_=::�t' in this Security lnstrument shnll be deemed to have been given to Borrower or Lender when given av provided in this
<br /> ..�,.•�..• pnrAgrnph.
<br /> uM�-'�61""'""a'' IS. Governin� Law; Severablllty. This Security Instrument Rhall be govcmed by federnl law and the law oP the
<br /> ' " •;.�^' jurisdiction in which the Property is lacuted. In the event thut uny provision or cluuse of this Security Inswment or the Note
<br /> � "`- °"• conflicts with upplicable Inw.such conflict shull not uffect other provisions of this Serurity Instrument or the Note which can
<br /> �� . ` *� �- 6e given effect without�he conflicting provision. 7b this end the provisionx of' thix Security Inslrument nnd the Note are
<br /> . ,�_. decltuec to 1+e sevemble.
<br /> � ��'�;::�""' 16. Borrower's Capy. Borrower shull he given one ronformcd copy of the No�c und of this Security Instrumcnt. -
<br />_ �: . 17. 7Y�ansfer of the Property or a Beneficial Interest in Borrower. If all or uny pan of thc Property or uny interest in
<br /> ,� <e.. � i1 is sold or tranxferred(or if u Beneticial imerext in Bormwer ix sold or trunsfermd und Borrower is nd n nuturul person)
<br /> �•. ' � ��►� ' without Lender's prior written ronsent,Lender muv,at its option,rryuire imnxdiute puymem in full ui u{i�ams secured by
<br /> � °";� •w;ai� . Ihis Securiiy Instrument. However,thix op�ion shall not be exercixed by Lender il'cxeRise ix prohibited by federnl luw as of
<br /> - .. �,. -
<br /> , - � ' � the date of this Security Instrumen�.
<br /> , �•� A' If Lender exercises�hi�option,Lender xhall�ive Borrower notice nf accelerntion. The nntice�hall pn�vide u periad of
<br /> '` •�• not less tMun 30 duyx fn�m the dute thc noticc is Jclivercd or mailed within which Borrower muxt pay all sums securcd by thix
<br /> ; '� Security Inxtrumcnt. !f Borrowcr fuils lo puy theze sums prior to the expirutiun of this period, Lendcr may invoke nny
<br /> " ��-=-�`" . remedics pcimi�ted by this Scrurity Instrument without funhcr nrnicc or demnnJ on Burrowcr.
<br /> � 18. Borrower's Rl�ht to Reinslate. If Burmwcr mee�s ccrtain conditions, Borrower +hull huve�hc righl to huve
<br /> • � •, enforcement of this Security Inz�rumrn�Ji+cunlinucJ ut any timc priur to the earlier uL (u)S d;�y.lur�uch other period as
<br /> •� � � ' SiagM F�nfly••Fonnk M�e/Ml�eddle Muc UNIFORM INSTRUMIsNT-•Uniforni Covcnuntr 9/90 fpuRc�l ojnpuxe.�i
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