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<br /> - -- condemnution or othcr takin of uny part of the Pro�rcrly,or for wnvcyunce in lieu of condemnaUon,;,re�re�by assi�neMd an►i
<br /> Y
<br /> xhnll be paid to Lender.
<br /> =�? In the event of u total takiqg of thc Pro{xrty, thc procccd� xhull hc Applied to thc sums ucared by tbiti Sccurity _
<br /> - Instrument,whether or na thcn due,with uny�xcess paid�o BoROwcr. In thc event of u partiul taking of the Property in
<br /> � whlch the fair markct vuluc of Ihe Propeny immedintely 6cforc the tuking i�eyunl to or greAtcr thun the amcwnt of the sums
<br /> �,-�� securc:d by this Security Instrwntnt immediately f�efore ihc tuking. unle�:s Bormwer und Lender otherwise agn:c in wdting. �,
<br /> ,,�; the sums secuc�ed by this Security Instrument xhall be rcduced by the nmount of the praceed�;muhiplied by the following
<br /> fraction: (a)the totAl amounc oP the sums securcJ immediutely befare thc taking,divided by(b)the fair murket velue of the
<br /> Property immediatcly beforc the taking. Any balan��e shnll lx:paid to Borcowcr. In the event of u p:utiul taking of thc
<br /> ,��� Property in�vhich thc fnir murket value of the Property immcdiotcly before thc talcing ix lesx thun thc:unount of the�ums
<br /> ° sccured immedintcly before the t�king, unless Borrowcr end Lendcr othenvise ugree in writing or unle�s upplicublc luw
<br /> -�'�`"�'�"'�'�~''�� aherwise provides.the proceeds�hall be upplied to the sums secured by this Security Inxtrument whether or nut the suma ure
<br /> �.�--��:�-�;..::� then duc.
<br /> ����� IP the Propcny ir+ubandoned by Borrower,or if,nftcr notice by Lender to Borrowcr that the candemnor offers to makc
<br /> ��� an awurd or settle u cl�im for damages,Borrowcr fails to reapond to Lender within 30 dayw ufter thc date the nutice is given,
<br /> —�r_m:�:� Lender is nuthorized to rollect und apply the pruceeds,at its option,either to re4toration ur repuir of�he Prupeny or to the
<br /> -- -- .;-,,,=,�,z_� sums secured by this Security Insicument,whether or not then due.
<br />— Unleas 4ender and Borcower otherwisc:ugree in writing, any upplicution of prucer.ds to principal shall nut extend or
<br /> ���--- postpone the due dute of the monthly puyments referred to in parngrnph+ 1 und 2 or change the amount of Yuch payments.
<br /> ��x�_y�� il. Borrower Not Released; ForDearance By Lender Not a Weiver. Extension oF the time for paymcne or
<br /> r� �s�u�. modifiration of umortizution of the sums securcd by this Sctiurity Imuu�nent granted by Lcndc:r to any succescor in interest -�
<br /> �:°21i-: •. ., of Borrower shall not operntc to releuse the liabiliry oF the originul Rorrower or Borrower'.s successorx in imerest. Lender
<br /> �i'- ��-�• °��%�F�>r..y.%
<br /> E..;. .,�.� „;-;�,.�r;.w shull not be required to commence proceedingti against uny sucressor in interest or refuse to extenJ time for payment or
<br /> .--� � ;��_` otherwise modify umortization of the xums securcd by thiti Security Instrument by reuson of uny demanJ mude by the original
<br /> _ �.�:.__��...._ -
<br /> --- ;,..�..._:�,�,� Borrower or Borrower's�ucceaeon in interest. Any forbearance by Lender in exercising any right or remedy shall not be a
<br /> �,,•,,�,..��.
<br /> :���t;;,�;n,>��.._•,, .�•� wuiver of or preclude the exercise of uny right or remedy.
<br /> __—- '-°�=�' l2. Successors And As4i�ns Bound;Jolnt And Several Li�bility;Co-si�ners. The covennnis und vgrcements of this
<br /> _;�;,��,,;. '.� ,� Security InRtrument shall binJ und beneft the sucresson and axxignx of Lender ond Borrower,subject lo the provi�ionti uF
<br /> ,� - � parngraph 17. Borcower's covenstnts and agreements shall be jant und severol. Any Bunower who co-tiigm this Security
<br /> �.. inswment but dces not execuce the Nute: (u)is co-signin�this Security Instrumem only to mongage,grunt und convey that
<br /> .,`,� ';.�;..� .::.
<br /> - • - ... Borrower c interest in the Property under thc terms of this Security Inxtrument (b)is nut personally oblig�ted to pay the sumti
<br /> � .:��:;�,�:..� ,s„��;.`�, secured by this Security Instrument;und(c)ugrces thut Lender:uiJ any other Borrower may ugrce to extcnJ,maciify,forbear
<br /> — - w make unv accornmodalions witb regard to the tertnr of thi�Security Instrument or the Nutc wi�hout thut Bortower's
<br /> tt,4 ;��:�+k:x:,�zw;yit con.r•ent.
<br /> - "� '°p�"``'-"_= �'-' 13. Lo�n Charges. If the lo;m secured by thi. Securiry In.trumcnt is subject to u law which .ct� muximum loan
<br /> , ..a:;....;:
<br /> _-„� � ' ' . ,, churges,und that luw ix finully interpretecl su that the interc,t ur othcr la:ui charges rollerted or to 6e collec[ed in connection
<br /> :�� � with thc loan exceed thc pemtiued limits,then: (u)uny xu�h loan rh;uRc shull be reduceJ by thc urnount neces�eary to reduce
<br /> the churge to the p�rtnitted limit;und(b)uny sums iJrcady collccted from Burrower which exceeded pertnitt��1 limits will be
<br /> -=.,r?, ` reiunded to Borrowcr. Lender muy rhoose to makc this mfund by r�ducing the princip•rl owed undcr thr Note ur by making a
<br />--- �` ''"`�'"' • direct payment to Bormwer. If u refund reduce.principal,the reduction will be treated ati a psutiul prepayment wi�haut any
<br /> "- • -�:�►����� � ° prepayment ch;ugr under the Nute.
<br /> ���s � ° 14. Notices. Any notirr tu Borrawc�providrd ti�r in thi� Sccurity Instrument xhall be givcn by Jelivrring it or by
<br /> � � • -�- . mailing it by�rst elass mail unlrss vpplicable luw reyuirex we uf•rnutlx;r method.The noticr yh•rll be dirc�ted tu the Property
<br /> �-� Addrexs or uny other address Burrower designute. by notice to Lendrr. Any noticc tu Lcnde�sh�ll Ix given by fint class
<br /> ' �� mnil to Lender+addrc�s,wtrd hrrrin or uny other uJJrr++Lrndrr Jr.ignute+by notice to Borrowcr, Any notice pruvided for �_
<br /> ° � in thix S��;urity Instrumrnt sh•rll lx dccmeJ ta have becn given tu Borrower ur Lender when given u.. provided in thix E
<br /> °•. ;:,• ��• . . ;• paragruph.
<br />,«' �:Yy� : `�'' I5. Governing l.aw; tieverability. Thi� Sccurity Inytrument yhall lx govemed by federvl I�w :u�d the law uf the
<br /> _: . jurisdiction in which Ihe Property iti I�xateJ. In thr rvcnt that any prvvisiun ur rlausr uf thi.Security Inx�rumrnt or the Not�
<br /> -�` conflicts with applicublr law.,urh a►nflict+hall not•rffcct athrr provi.ionx uf thix Security Instrument or the Notr which run _
<br /> � ' ^ bc givcn rffect without tlx contlirting provi.iun. 7o thi�rnd thc provi.iun�of thi.Security Intiwment unJ tlx No[e ar+e
<br /> . . , . ..*, derlomd tu tx:severable.
<br /> � ° . 16. llorrower's Copy. Bi�rrower.hall Ix givrn ont runfunnrJ ropy uf the Notr:md ot'thi.�urity Instrun�ent.
<br /> , 17. 71�nsfer of the 1'roperty or a Beneticial lnterest in Burruwer. If uU ur uny part ut'thr Pn�perty ur:u�y interest in
<br />- �: ,P._��-°� '` it iy ru�d ur U•untiferrcd(or if u lxncticial intercst in Burruwcr i+wld ur�ran,frrred unJ Borrowcr is not a n:►turul per�onl
<br />"�..,_ �r�-• without Lender's prior writt�n cun.ent. Lrnd�r may,ut il+uptiun.reyuirr imm�Kii•rte paymcnt in t'ull uf all +um�secunrd by
<br />_ , , this Security Instn�mcnt. Howcvrr,this uptiun�hall nut bc exenixed by Lender if cxrrci�e i�prohibited by t'edcrol law uti of
<br />- . - LL• � .t the clote of this Sccurity Inxtrument. �=
<br /> ., _� :'. •'. If Letxier excrciser thi�uptiun.LenJcr.hall givr Hurruwrr nutice of accelr�utiun. Thc nutirr+hall pruvide a Fxri�xl of
<br /> � • not le�s than 30 Jayti frum thr Jatr Ihr nutire i+delivercd ur mail�til within which Burruw�cr mu��pa�all wm.xcured by thi+ �
<br /> ._ .r Serurity In�trum�nt. If Rorrow�r Fail.tu p•ry thr,r ,unt�priur tu thc rxpir•rtion �,f thi, �xri�xi.Lrnder may invokc any
<br /> .. ° rem��liex pemiiucd by thi.S�curity In.t�umem withuut lurthrr nutirc or demanJ on Bi,rtu�rr. -
<br /> lli. Burrower's Right tu Reinstate. If Burruwcr mrct. crnain randitiun.. Sarrow�rr .hall havr thr right ro huvc ,�
<br /> � �� cnfunrmcnt��f thi.5ccurity In.trunirnt Ji�runtinurJ at am•time prior to dic rarlirr uf: lal S Jay+lur w�h othcr perivJ u+ _
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