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<br /> cundcmnutiun i.r uihcr IukinN��f'nny part c�(ihc Prupcily.ur t'or�onvcyautcc in licu ci(cutidcntnatiu!t.aro h�rcby:istiignod tind
<br /> ,h�ill hc p�►id In Lendrr.
<br /> In dic cv�nl ui' a t�►Inl takin�. of thc Nropcity. thc procrcds �hull hc applicd lu thc swttti s�curcd by this S�curity
<br /> hi�irumcnt. whcther ur nut�hcn duc, Svith any cxcc.s paid to Borruwer. In the cvcn[ ot u piirtiid aiking��f thc Properry in
<br /> whi�h thc fair murkct vnluc of'the Pri+�rty immcdiatcly 6cfon thc taking i�ryual to or grenter than the:unount or d�c sums ,
<br /> ,�'CUfCII Ily IIII\ Sc�w'ily Insln�mm�t imm�diatcly Uefore thc tahing. unlcs, Bonnwer and Lendrr utiurwi.c,�tree in writin�±.
<br /> . r. �hc ,umti�ccured hy �his Sccurity In+trurncnt xhall bc rcduced by the amount of ehc procceds multiplicd by thc following
<br /> � ,•,:�;. � frartinn: (a)Ih�toutl amuunt of tlnr sums �e�ured'emmediatcly Ikfore thc taking,dividcd hy(h)thr fair markct vuluc uf the
<br /> ., .,r. !'ri�pct9y immedi�n�lv bcfurc thc iaking. Any Nalttnre �hall lr paid to Borrower. In the event of a panial tuking of thc
<br /> Nrupeny�n which thc Giir markct valuc of ihc Propeny immcdiatcly bcforc t hc tuking is Ics, than thc amount of Qlc sums
<br /> �ccun:d iinmcdiutely hcfam Ihc tnking, unlcss Borrower und Lender othcrwi,e ugrec in writing or unless upplicable law
<br /> othcnvi�r.pro��ides,thc prcxceds shall bc .�pplied to the sums secured by this Sccu�ity In�trumcnt whether or not the tiums nre
<br /> Ihcn due. r,_.
<br /> If the Propeny i,ni�undoned hy Borrower,or if,ufter notice by Lender to Barrower that the condemnor offen to make ,._-
<br /> an award i�r scttic a claim for Jumagcs,Borrowcr failti ro respond to Lender wiihin 3(1 d.rys afler the datr thc notice i+given. ''�'i::'
<br /> ' •. I.cndcr i:3 auihorircd to coUect and apply the procecd�,at its option,either to re�toration or repair of the Property or ro thc '��•-'.
<br /> sums sccured by this Securiry In�trumcnt. �vhMher or not then due. ;;;-_
<br /> �� Unlc�s Lcndc� and Borrowcr othcrwice ugrcr in writing,uny application of procecdti tu principul �hall not cxtend or �e "
<br /> po�tponc the d�ac date of tlu monthly payrncnts referred to in paragraphs l and 2 or change thc amount of+uch payments. �,
<br /> 11. Borrn�ser Nut Aele�sed; Forbenranr.e By Lender Not a Waiver. Exccnsion of thc time for paymcnt or ��.r_...-�_.
<br /> 4 modificution ot�amortit.ation of the �ums secured by this Security Dn,trument �ranted by Lender w any .ucce„or in interest �_'-'_`-`-_
<br /> ;+• of Nornnver shall not o�aernte to i�elease the liability of the origin�l Borrower or .Borrower e successors ia interest. Lender _-�
<br /> shall nr+t be reyuired to commence proceedings against any successor in interest or refuse ta extend time for payment or ��.;;;;,
<br /> othenvise�nndify amonization of the sums secured by this Security Instrurnen4 by reason of any demnnd mnde by the original ;.'�';�-�'�
<br /> ' •� Borrotiver or Borrowerti tiuccessors in interest. Any forberirance by Lender in exercising any right or remedy shnll nat be x ____
<br /> "'. ' waiver�f ar preclude the excrcisc of any right or remedy. �"'"�
<br /> il�. Sueeessors und Assigns Bounei;Joint a�d 5everal Liability; Co-sfgners. �he covenams und agreemcntti uf this �,i":-
<br /> ,..---
<br /> ' � SecuriYy[nstrumcnt shall bind and benetit the successors and aesibns of Lcnder and Borrower,su6ject to the pravisians af u:==
<br /> '' paroEruph 17. Borrmver:� covenants and agreements shall be joint and several.Any Borrower who co-signs this Sewri¢y _
<br /> -'i•,.. Instru�nent but daas not execute the Note: (a) is co-signing this Securiry Instrument only to mongage,grant and wnvey thut ,_�__
<br /> ��� � f3ormwcr ti intcrest in the Praperty u�dcr thc terms of this Securiry Inxtrument; (b)+s not personally obli�uted to pay the sumh ;'._
<br /> ,,, ---
<br /> • securc:d by this Security lnstrumenr und (c)ngrees that Lender and any other Borrower may ugree to extend,modify,forbear
<br />-=-_-- ' - o* :?1YL4n w{�� sarrnntmnrl;ltinns with mcard to the tertns of this SCCUrItV I(1�lNITlCIIt or the Note withaut thut Borro+ver'.s
<br /> * consr.ni. ---
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<br /> , 13, Loan Chur�es. If the loan sccured by this Securiry Instrument is subject W a law which sets mi�xtmum oun
<br />= char�ccs,nnd th.n la�x is finnlly interprcicd sn that thc intcrest or othcr Inan charFeti collcctcd or tn Ix:collcctcd in conncctic�n =
<br /> �vith the lo:m excecd the pennitted 1 imils, then: (a).►ny+uch loan chur�e xhall he redured by the nmoun�nerestinry to reduce
<br /> - ' . tf�c churgc to thc pcnnittcd limit;and Ib> any tium�ulrcady collcctrd from Dorro�ve�which excecitcd�xnnittcd limits�vill Uc
<br /> � rtAmdcd to Ilorra�vcr. Lcndcr mny chn�xc�o nmkr this�tifund by rcducing th�principal owcd undrr tbc Notc or by mnking u
<br /> '�; � dii�ect paymm�t to Horro�ver. lF n rct'und nduceti principnl,the reduction �vill Ix trrnted a�i�psu�iul prepnyment withuul nny
<br /> propnymcm churgc undcr thc Notc.
<br />`,,,; . 14. Nutices. /!ny notiee to Hurruwcr provideJ fbr in this 5ecurity b�stm�nent sht�U tw givt�i by dclivcring it ur by
<br />�`.,. - mniling it by fint class mail unlcss t�pplicable luw requires usc of unother methad,Thc noticc,hall lx�dircctcd tu thc Property
<br /> �` � � ' � Addrotis ur nny other address Horrowcr dcsignates by notice to Lender. Any noticc to Lender shull be given by fint cluss
<br />_ . m�iil tu Lendcr's addras stutcd hcrcin or uny other address Lender designares b�•notice ro Burrower. Any notice prnvided for
<br />�,-�.��t�„ in �his Srcurity Intitnm►ent s{inll tst deemed to have been �iven to Borrower or Lender whcn given as provided in this _
<br />;:;::,�,::;. p�u:igraph.
<br /> :,,;,,,_�ti 15. Governlns La�v; Severablllty. This Security Instrument shall be govemed by feder:tl law and the lnw of the
<br /> juiisdiction in which the Property iti laa!ed. In the event thnt any provision or clause of this Security Instrument or the Note
<br />�,�'�� � canflicts with applicable law,such conflict shall not uftect other provisions of-this Securiry Instrument or the Note which can
<br />_�:,a},,s;.. `.'= t►e given effect without the contlicting provision. To this end the provisions of this Security Instn►ment and the Note ure
<br />�=�a• dcclared to bc�cverable. -
<br /> 5�.. ��~ 4� 16. ilarrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security[nstrument. -
<br /> 17. 71�nsfer of the Property or a Bene�icial Interest in Borrower. If all or any part of the Property or any intercst in
<br />'.�="�" it is sald or tr:uisferred lor if a beneficial intErest in Bormwer is sold or transferred nnd Borrower is not a natural person) ;___
<br /> ��'''�``^ wit0out Lender's prior written consent,I�ender may,at its option, rQquire imrnediate payment in full nf ull sums secured by -
<br />- this Security Icixtrumcnt. However, this option shuU not be exetcised by Lender if exercise is prohibited by fedcrtl law as of --
<br /> '�.,: the date of this Security Instrument. ��Y
<br />` If Lcnder excrciscs this option.Lender shall give Borrower notice of acceleration. The notice�hall pmvide a period of �.4,_
<br /> • not lesx th�n 30 da�s from the date thenotice is delivered or mailed within wt�ich 13orcower must pay all tiums secured by th�is
<br /> �� ��ecurity lnsirument. If Borrower fails ta pay these sums prior to the expiration of this period, Lender may invoke any E F-_.
<br /> ��cmedies txnnittcd by lhis Securiry Instrunrent without further notice or demand on Borrower. __
<br /> , . I8. Borrower's Ri�ht to l3einstate. If Borrower mects cenain conditions, Borrower shall havc the right to havc
<br /> enforcement of Ihis Security Instrurnent discontinued ut any time prior to the carl ier of: (a)5 days(or such other penod as �.;,�.
<br /> Singlc Fa�nil�••-F'annle MndMl�eddle Muc UNII'ORM INSTRUMENT--Unifortn Cavcnantti 9/40 (paxe 4 af 4 poge's1 , __
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