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<br />:`'' . . ' 10.Coademaation.The praceeds of asiy award or claim for damages.direct or cansequential,in connection with eny . '..
<br /> - coademnation or other taking of any part of tAe Proper�y,or 4or conveyance in lieu of oondeasna'tion,ere hereby essigued ;�,�.� ,.
<br /> _ , r . '`. ` aad ahall be paid to Lender. ,. � . �.
<br /> `--�-', In the event o4 a total takiag of the Property. the proceeds shall be applied to the sums secured bp this Security� '�.'' ,
<br /> �'�"'�:; Instrument,whether or not then due,aith any ascess paid to Borrower.In the eveat of a partial taking af the Property in� , �•_r�,
<br /> - which the fair snarket vatue of the Property imr�tediatety befase the takiag is equal to or gre�ater than the amouat of the � _ - _y
<br /> �_' ` � sums secured by this Security Instrumem immediatelp before the taking,unless Borrower artd�.ender othetwise agreE in f"• :
<br /> �, ' writing.the sums secured by this Se�uritq Instrument sl�all be seduced by the amount of the ptoceeds multiplied by the � `�. ��•:� .� -
<br /> - follow�ng fraction:(aj the totai amount of the aums secw'ed immediately before the taking,divided by(b)the fair market ,','`;. - �..
<br /> - � � �� � value of the Propertp immed'iately before the tak�ing.Any balauce shall be paid to Borrower.In the event of a partial taking '. .
<br /> � . • ; � of the Property in which the fair markei value of the Property immediately befare the taking is tess that►the amouat oY the� �'��._�, .�
<br />.r,-.�
<br /> F: .� t �• sums secured immediately before the taking,unless Bonower aad Lender otheravise agree ia writiag or unless appSicable ___;,.°__:
<br /> r : ` law otherwise provides.the groceeds shall be applied to the sums secured by tlu$Security lnstrument whether or aot the
<br /> �;,�'. `. ' ''', sums are then due. � ��.,;.
<br /> � • : . ',.,: If the Property is abaudoaed by Borrower,or if.aftet notice by I.ender to Borrower that the wndemnor offers w ,.,
<br /> ' make an award or settle a claim for damages,Borrower fails to respond to Lender withiA 30 days after the date the notioe �,���=.
<br /> ��; ;: " is given,I.ender is authorized w coltect and apply the procee8s,at its option,either to restotation or repair of the Property ;n�
<br /> � or to the sums secured by this Security Instniment,whether or not then due. •�� � �,� ---
<br /> - ' `s �`� Unless I.ender end Borrower otherwise agree ia writiag,anY aPPlicatioa of proceeds to priacipal shall not estend ar
<br />:;. E- � postpoae the due date of the moathly payments referred to in patagraphs 1 and 2 or change the amount af such payments. •• _
<br /> � <_... ' - .
<br /> tl. aasrowet Not l�eleased; Forbearance By Leader Not a Waiver. fixtension of the time for payment or :.i—
<br /> � madificatioa of amortizatiou of the sums secured by this Security Instrument granted by I.ender to any succ�ssor ia �;,__
<br /> . { ' � � ' interest oY Borrower shaU aot operate to release the liability of Yhe original Horrower or Bonower s succe�sors in iaterest- • �"'•.;��'
<br /> :.:�,: ,�r"•: _
<br /> . .-, Leader shall not be required to comaience Procced�ngs against anF succe�°r in interest or refuse to eatend time for _ �,.-:
<br /> . ��, . payment or otherwise modifp amortization of the sums secvred by this Security Instrument by reasoa of anq demand � �. .=-
<br /> t , •.,
<br /> • ;. . - � - made by the original Horrower or Borrower's successors in interesi.Aay forbearaace by Lender in eaercieiag any right or __
<br /> � remedy s1ta11 not be a waiver of or preclude the exercise oi any right or remedy. . ° ` --_`
<br /> '�` � � 12.Saccessors and Assigns Bonnd;Joiat and Several Liability;Co-signess.TQe covenaats and agreements oY �.�=-
<br /> Q.',� .;. : .
<br /> � , . .��:� this SecuritY Instrument shall bind and bene�t the successors aud assigns of Leader and Bonower, subject to the `._:�_
<br /> _ provisions of paragraph l�.Horrowet's wvenaats and agreemenis shall be joint and severel. Any Bortower wbo co sigas .�.'�f--_-
<br /> ��' tbis S�.vrity Ingtcument but daes not eaecute the Note: (a)is co-signing tlus Security Instrument only to mortgage,grant _—_
<br /> '•'� . and coavey thet Honower's interest in the Propetty under the terma of this Security Insttumen� (b) is��ot personallq ��� �, • _�
<br />,'�,� • obligated to pay the sums secured by this Secuntq Insirument;and(c)agrees that Lender and any other Barrower may ' =,:N,
<br /> agree to eatend,madify,forbear or make any accommodations with regatd to the terms of this Security Instrument or the , ,;L�=
<br /> � Note without that Borrower's consent. ,:••.�._..�-
<br /> �;_,-'... - � .. � - - 13. Loan CLarges.If the loasi secvred by this Securitq Instrument is aubject to a law wluch sets masimum Zaaa =. -- -
<br />• � . charges, and that law ia �nallq iAterpreted sa that the interest or other loan charges collected or to be collected in • �T
<br /> ' . conaection Nith the loan esceed the persaitted limits. theA: (a� anp such loan charge shall be reduced by Ehe amount . �. •.��'`:_
<br /> '� � � � . necessary to reduce the charge to the permitted limit;an d(b)anp sums a lrea dq co l l e c t e d irom B o n o w e r w h i c h e s c e e d e d .. �. :�:
<br /> permitted limits will be refunded to Bomawer.L,ender may choose to make this refund by reducing the priACipal owed � '��''
<br /> .� , ...���
<br /> ��nder the Note or by malang a direct payment to Bonower.If a refund reduces principal,the reduction wili be treated as a • �. ` _
<br /> 't���. partial prepaqment without any prepayment charge undes the Note. � � . • ,��
<br /> :�� : '. 14.Notices. Any notice to Borrower provided for in this Security Instrument ahall be given bq delivering it os by ,:. , :�_
<br /> �� � . mailiag it by first class mail vnless applicable law requires usa of another raethod.The notice shall be directed to the _ .
<br /> t<:; .
<br /> ?s_.: ... Property Address or any other address Bonower des�gnates by notice w Lender.Any notice to Lender shall ba given by ��'; :" - ;,
<br /> ;�:..' � - �rst class mail to Lender's address stated herein or any other address Lender desigaates by notics to BorroNer.Aay aodce
<br /> � . � provided 4or ia thia Security Instrument s2�a1 1 b e deem e d to have b e en given t o B o r r o w e r o r L e n d e r w h e n g i v e n a s
<br /> :��c::' . . . provided in this paragraph. . ,
<br /> '� ��• . � 15.Goveraing Law; Severability.Thia Security Instrument shall be governed by federal law and the law of the � •� .
<br /> . . '_ : jurisdiction in which the Property ia located.In the event that any provision or clause of this Security Instrument or the ,
<br /> � `• ' Nota conflicta with applicable law,such conflict shaA not affect other pravisions of this Security Iristrument or the Note .
<br /> � ' ' . ,` �� which can be givan effect without the conflicting provision.To this end the provisions of this Security Instrument and the � �
<br /> ' Note are declared to be saverable. • • . .
<br /> � � 16.Horrower's Copy.Borrowet shall be given one conformed copy of tha Note and o[this Se�urit9Instrumen� ..
<br /> 17.Traflsfer of the Property or a Beneficial Interest�a Borrower. If all or any part of the Property or any "�`*�
<br /> � � interest in it ia sold or transPerred (or iY a beneficisl interest in Borrower is sold or transferred and Bonawer is not a _ •
<br /> j ` � � _ natural person)without Lender's prior written consent.Lender may,at ita option.require immediate payment in full of all �
<br /> sums securedby this Security lnstrument.However,this option shall not be exercised by Lender if exercise ia prohibited , ,
<br /> i.,. � � by federallaw as o4 the date of this Security lnstsument. ' ..
<br /> Page e o!6 Fotm 3028 9190 � ' .
<br /> ''� '' � � CMORT4/NECMT4 9567875 _ .
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