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<br /> . , piiymcnts miry na long�rbc rcquircd, ut thc uptiun uf l�:ndcr, if ntunNngc insunmrc covcrage(in thc ttntnunt nnd fur thc peri��J
<br /> � � �'..�• thut l.cndcr rcyuircs)prmidcd by nn insurcr appruvcd by I.endcr+i6uin bccumc'�uvnilublc und is abtuined. li��rruwcr shidl pay
<br /> thc prcmiums requ+rcd tnm<�int�►in mortga�c in+etrnnce in cffcct,��r�o provide��Inss re::crvc. until thc requiremcnt fc�r mortga8e r
<br /> � in.urur�ce ends in accordanrc with any written ugreement betwcen Itorro�ver und I�:ndrr ur i�pF�ll�ablc lan.
<br />`_�°'".° •V 9. laspectli�n.L_cn�cr ur its ngent rouy n�akc recis�nabfc entrics up��n und ins{MCti�ms of thc Property. Lendcr shull give
<br /> Bormwcr naticc:u the timc of or prior to an inspccti��n spu:ifying rcnsonuhlc ruu�c for thc intipertion.
<br /> Y J.�wy
<br /> .�,.r. - - 1(1, Condemnution. 'i'he proceeds of any mvard or cluim f<u diimages. direct ur am�cyuenti:d.in connection �vith any
<br />--, � � cond�r..inution ar otl�er taking of uny pan of thc prnpe:�ty,or for ccmveyuncr in licu of condemmition,nre hereby ussigned imd
<br /> . °.• ,h;ill bc p�id tc•I�ndcr. T
<br /> in the event of n ta�al taking of the Property,the procecsis shull be upplied�o tlie,unn secured by cl�i:�Secu�ity lnytrument.
<br /> � �.,, : �vhether or nat then duc,with any exccs.r- paid to Borrowcr. in the cvent��f s�partiul tuking of the Pmperty in wliicli the fnir
<br /> markct value of thc Property immafiutely before tlic taking is cqunl to or greater than the amaunt of tlic sums sccured by this
<br /> � ' Security Inswment immedintely nefore the tnking,unless Borrower and I.ender othenvise agrec in writing.the sums secured by
<br /> this Securiry [nsi[umeni shall be rednced by the amount of thc procceds multiplied by thc foll�wing frnction: (a) the total
<br /> � � , .,� 4 amount of the sunu scxured immediately beforc thc taking, divided by (b) the fair market valuc of the Property immediutcly
<br /> ,, brfore the taking. Ai�y batancc shall be paid to Borrowcr. In the event of a partial tuking of'the Aroperty in which the fair
<br />:�,r;���n. mnrket vnlue of the Property immediutely bcforc the tuking is Icss than die amount of thc sums secureG immediutely befure the
<br />- taking, unless Bormwer and Lender othenvise agree in writing or unless Applicable law otherwise provides, the proceeds shnll
<br />_ -�,'.:«:,,e' be npplied to the sums secured by this Security Instniment whetlier or not the sums are then duc.
<br />�_r.:�nrr�i�
<br /> -+�r�^: If the Propeny is ebandaned by Harrower,or if,after notice by Ixnder to Bonower that the condemnor offers to make un
<br />�;r;,�_'.`•':. � uwurd or setde u claim fot damages, Barrower fails to respond to Lender within 30 days after the date the notice is given.
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<br /> ��?�'���� '"• [.ender is authorized to mllect and apply the proceeds,at its option,either to restorntion or repair of the Propeny or to the sums
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<br />��"�• secured by this Security Instrument,whether or not then due.
<br />- .:,.,,
<br /> -�_a� Unless Lender and Bonower otherwise agree in writing, any application of proceeds to principal shnll not exten or
<br /> "z�;';=r-'z��- postpone the due dat�of the monthly puyments referred to in paragraphs i and 2 or change the amount of such payments.
<br /> - � 11.Horrowcr Not Released;Forbearance By Lender Not a Wttiver. Extension of the time for payment or modification
<br /> -.�,:.�.`_ ,.
<br /> ��- oi simvsii�uti:,n�t't�:,sa:is s���='{b;thl�SPCUri�y Instrument Franted by I.ender to any successor in interest of Borrower shall
<br /> _ .,_',, .:.
<br /> =:`J�;�� nat operate to release th� liubility of the ori�inal Borrower or Hrn7ewer's successors in interest.l.entier si�aii noi oc icyti►r:.:i�
<br />_-��;�;�� commence proceedingsagainst any successor in interest or refuse to extend time for payment or othernise madify amortizution
<br /> �- ;��;,�� of the sums secureci by this 5ecurity Instrument by reason of uny demund made by the original Burrower or Borrower's
<br />—9;,(.:,-;�— successors in interese.A�y forbearunce by Lender in exercising any right or remedy shall not 6e a waiver of or preclude the
<br /> "��, exercise of any right or remedy.
<br /> `-��`°"°� 12. Suecessors and Assigns Bound; Joint and Sevesral Linbility; Casigne:s. The covenancs and Agreements of this
<br /> --��-'-�-'�`° Security Instrument shall bind and benefit the successors and assigns of L.ender and Borrower, subject to the provisions of
<br /> -''f�`'`"'� puragraph 17. $ono�ver's covenants and agreements shall be joint and s�veral. Any L'orrower who co-signs this Security
<br /> Instrument but does not execute the Note: (u) is co-signing th{s 5ecurity Instnimcnt only to mortgage. grant a.�d convey that
<br /> •�+;��� 8arrower's interest in the Property under the terms of this Sccurity Instrument; (b) is not personally obligated to pay the sums
<br /> � - secured by this Securiry instrument;and(c)agmes that Lender and any other Borrowet may agree to extend. modify,forbear ar
<br /> makc any accommodations with regnrd to the terms of this Security Instrument or the Notc without thnt Borrower's consent.
<br /> --° 13.Loan Chcangts. If the loan secured by this Security Iristrument is subject to a law which sets maximum loan charges,
<br /> - and that law is finAily interpreted so that the interest or other loan charges collected or to be collected in connection with the
<br /> �`�'�"� loan exceed the perrnined limits,then: (a)any such IoAn char�e shuU be reduced by the umount necessary to reduce the charge
<br /> ,m;� to th� permitted limit;and(b)nny sums already collected from Bo�rower which excet;ded permitted limits will be��efunded to
<br /> - = Bor�nwer. L.ender rnay chouse to make this refund by raiucing the principnl owed under the Note or by making u direct
<br /> _ __ payment to Bottower. If a refund reduces principal, the reduction wiU be treated as a partial prepayment witltout any
<br /> prepayment charge u�ier the Note.
<br /> �,_;:;,,,�:,,,,��,� Il4.Notices.Any notice to Dorrower pmvided for in this Sewriry Instcument shall be given by delivering it or by mailing
<br /> ---- it by �rst clrss mail unless applicable law requires use of another method. The notice shull be directed to the Property Address
<br /> �_a� or any ather address Borrower designates by notice to Lender. Any notice to i.ender shull be given by first class mail to
<br />-----------e1Jit� Lender's address stateA herein or any uther nddress L.ender designates by notice to Honower.Any notice provided for in this
<br /> - -=-�"=� Security Instrument shal l bc dc;emed to have been given to Borrawer or Ixndcr whcn given as provi dc d in this para gra ph.
<br /> -`'=��`,�'�'�� 15.Governtng Law; Sever�bflity. This Sccurity Instrument shall be governed by fcderal law and the law of the
<br /> • °`-°'`���� jurisdiction in whichthe Property is located. In thc event thnt any provision or clAUSC of this Securiry instrument or the Note
<br />---_���;�`':�T� conflicts with applicable law, such conflict shall not affect other provisions of this Security Insnument or the Note which can be
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<br />-`"�.;•,••,-� given efCect without ihe contlicting provision. To this end the provisions of this Securiry Instrument and the Note are declared
<br /> -°=u"���r` to be sevcrable.
<br /> y�.:.
<br /> ;'��;r�`':1,`'�, 16.Bor�o�ser's Gopy. Borm�wer shall be given one cnnformed copy of the Note und of this Security nstrument.
<br /> - �T���^' Form 3028 9/80
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