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<br /> mcnt�s nui nn longer be reyuired,at the optlon nf I.ender,if monguge insurmtice coverugo(in tha um��unt and For lhc perial '
<br /> I�Y Y
<br /> that I.cnder rcquircs)providod by an insurc�approvod by Lxnder�gw�n becoines wvullubla and is ohtalnod. Fk�nower sh�ll pwy
<br /> the:prcmiums required cu nu�intaln ttxmgage insuruncc in cffoc�,or�o providc a loss rcxcrvc,until the requircment fnr mc�rtgn8e .
<br /> insunnce end�in�crnni�nce with sny writton agreement betwan Bormwer�nci[,e�xler or applicabla luw.
<br /> 9, inxpectk►n. Lcrxicr or ite us;t�u rnay makc reasorwble entries u�n and inspxtlons of tha Proporty. Lcrxler shall give
<br /> 8ormwer natice�t thG time of or prinr to an inspatic�n xpecifying reason�ble cauce fur the i��epection.
<br /> 10. CondemnMtlan� 'Tbo Pro�'s�s°f he Prc,�rt r or1forfconv�Ayar�ice�in lieu of cnixi mnut on, a c her�tiv sig,i�od and
<br /> corxlemnutiun or other taking of any pan P� Y�
<br /> shall be paid lo Uender. ,
<br /> 1n thc evcnt of a total taking of�hc Prop�rty,tho proceals shall be appliud to tho sums xcured by thl4 Security Instrumen�,
<br /> whether nr not then duo, with uoy txcess paid to Horrower. In the event of a partial taking of thc Propr.ny in which tha fair
<br /> murket vdue of the Property immedietely before the taking is oqual to or grcatar than thr anx�unt of tha 6ums sccured by this
<br /> Security inst�ument immodiately before the taking,unless 13orrower a�xl l.ender othetwise agree in writinB,the sums�ecuoed by
<br /> thi9 5ecurity insuumeni �iiaii i� ��u� �y �:c :��ticsr.t �':he pro=!M'!s m��ltinliod by tho follnwing fractions (a) tho tot�l
<br /> Amounl of the sums securaf immediately bcforc the ta{r.ing, divided by(b)the fair market valuc of thc Property immediateiy
<br /> beforc the taking. Any balance sh�ll�tn paid to Borrower. In the evcnt of a partitl taking of thc Property i� which the fair
<br /> market valuc of the Property immedlately before the taking is le.ss than the amount of the sums secutal immediately bef'ore thG
<br /> taking, wdCSS Borrawer:a�d Lender olhemise agroe in writing ur unl�ss app�ics►ble law otherwise provides, the pcoceeds shall
<br /> be oppliad to thc sutn.c�urod by this Security Insttutnent whether or not thc sums are then duc.
<br /> If the Property as�handonal by Borrower, or tF,after noticc by Lender to Borrower that tMe conclemnor offers ta mP�C an
<br /> awrM.or seule a claim fnr damages, Borrower fails tu responc� to L.ender within 30 days afiter thc date the notice is glven,
<br /> Lender i�autlwrimd 1�eullect end apPly the procads,at its optian,either ta restoration or repair af the Propotty or to the Sums
<br /> srcurod by this Sec�,er.ity)[mstrument,whether or na then due. ��cation of raceeds to rinci �l shull not extend or
<br /> Unless L.ender a�nc� Borcnwer utherwise agree in writing, anY app� P P P
<br /> postpone the due date of the monthly pwyments referred to in paragraphs 1 and 2 or change the amount af s��ch payments.
<br /> 11.Aorrower Not Rdenyed;ForbeAraooe By Lender Nc►t p Ws�Y�*•Extension of the time for payment or modification
<br /> af amonizs�don of the sums seeu�ed bY chis Securiry Instcument granted by I,endec to any suocessor in Interest of Horrower shall
<br /> not operate ro relwse tt�e liability of the original Borrower or 8oaower's success�rs in interest.Lender shall not be roquired to
<br /> w�u�:r.�prc�is�»-��'�`t�;�����r._ccor in i��rest or refuse to extend time for payment or otherwise modify smorti�tion
<br /> of the sunu seturod by this Socurity Instcutaenl�y reason of u►y dert�nct rnade by tho origin�t tiorrower or norrower's
<br /> succ�ssocx+m inte�rst. Any fo�bearapce by i.etMkY in eaercising any right or remedy shall not bc ss waiver of or prccludo tho
<br /> eaercisecntmiy,right or remodY• .�.._ ..,,........,... .,,� ,,,.,,,.,.m.nra nf thix
<br /> 12. S�ocr�ors�nd Assigas Bound3 Jo�t��i aeverAi i,iaoiii[y;a,ub:guc�s. l�W WtY�sw�w �..- -p•---•-
<br /> Socuriry Insttutn�nt sk�,Zll binci and benefit the succcssors and assigns of I.ender end Borrower, SuhJ�c co cno p�o��$lom��f
<br /> parxgraph �7, gottor►��';; covenants and agreements shall ba joint and s�veral. Any Bomnwer who co-signs this Sec2�rity ,
<br /> Instcument Iwt does not execute[he Note: (a) is co-signing�his Security Instruma►t only ta mortg4ge,grant and convcy;thet
<br /> Bc►rrowsr's intercst in the Property under the terms of this Secuciry Instrument; (b)is not person�lly obligated to p�y tha suma
<br /> seairod by this Security Instrumcnt;and(c)ag�ees that Lerxler and any other Borrower may�gra to extend,modi'ty.forbear or
<br /> sea
<br /> mak�Rny aocommodetions with regard to tho tecm5 of this Saurity tnstcumont or the Note withaut that Borrower's oonsent. ,
<br /> 13. Laaa Chnetes•If the losn sr,cured by t1►is Savriry Instcument is subject to a law which sets maximum loxn charges,
<br /> and that law is finally interpmed so tbat the interest or other loen chuges col�octed or to be collected 1°to rod �ucc�die h�
<br /> loan exoc�the permittod limits, then: (a)any such loan chArge shall be rcducai by che amount neassarY 6
<br /> to the pcirr�itted limit:and(b)anY sums already collxted from Botrower which excoedod permittod limits will bo nfundoct to
<br /> gorrort;l�Q;•.La�der may choose to make this refuncl by reducing the principal.owod under the Note or by maicing a dlrect
<br /> paYmoYit`AO Borrower. If a refund reduo�s pn►x+Pal, the reduction will ba t�ested as a p�rtial prcpAyn�►t without any
<br /> prcpayin��nt charge undcr the Ncxe.
<br /> !�.Notias.Any notice to Batmwer provided for in this Security Insttument shall be given by delivering it or by mailing
<br /> it by fint class mail unless npplirablo law requires use of another rnethod.The notice shall b�:dic+ected to the Propecty Add►�ess
<br /> or sury other eddress�3nmower designates by notia ro L.ender. Any ratia to I.ender shall be given by tirat class mail to
<br /> • � Lender's address stAtqd fiercin or any aher address Lender designates by notice to Borrow�r•Any rwtia provided for in thia
<br /> Securiry Instrument shalt be damed to have ban given to Borcower or Lender when given as provided in this peragraph.
<br /> 15. Govetnin� Law; SeverabiNty. This Security Instcument shall be governed by fedenl law and the law af tho
<br /> _ jurisdiction in which the Property i�locatal• in the event thnt any prov�sian or clause of this Security Inswmrnt or the Note
<br /> � contlicts with epplicablc law.such conflict shall not nffect other provisions of this Security Instrument or the Note which can be
<br /> � given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note ar'e deelarod
<br /> to be sevorable.
<br /> ' • ld.�orrower's Cupy.Borrower shnll be given one conFormod copy of the Note and of this Security Instruiment.
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<br /> form 302G 8190
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