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<br /> payments mny no lan�er t+e requircd,at the optian of L.end�r,if mortgage imuroncc cover�c(in th 98 nt n►KI far the perial
<br /> th.ut l.rnder requircs) provided'ay an insurer a�+��rovnl t,y I..e�xier again bccamcs awailabte mxl is��btsi�xYt. &�rrowcx.ttall pay
<br /> thc premiums requirocD t��matntain mo�tgage insuyance inciiecc, ur tu N,or���N i:.ss��x�:�,ur�t{f the rr�u�re�:t�:2t for:ir,�rt�u;e
<br /> lnsurxnc�e erxis In xcordance with uny wriuen agrreement betwten Barcower and L.eider ur appllcuble law.
<br /> 4. Inrpeetian, I.ender or ita pgent may nwka rcusaueb�e cntries upon s�ncl inspecdons of the Propeny. I.endcr sisall give
<br /> 8arrower nc�tice at the time of or prinr to an inspectian spxifying rcasonable cautie for the incpectton.
<br /> 10.Condrtan�Non. The praceeda of any nward ur claitn for damages.di rat or conxequential, in connectfon with any
<br /> cui�icnu�at(un or other taking of any p�h �f►hr•Pmperty,or for conveyancc in 1 i�u of c�nxlemnxUmi,i�re hereby u,signed a�xl _
<br /> n►wll be peid to Lendar.
<br /> In thc evcnt oF u tatal tuking i�F the Propcny. the proc�eds shaU 6e applied tu�hc sums sccured by this Security Instn�nxnt,
<br /> whether or rwt then dua. �vith nny excess pttid ta Borrawer.In the evtnt of a�S�ninl tuking af the Praperty in which the fair
<br /> msrkct valus of dw Pmpprty imntecliately Iwfnte the taking is equul to ar groate r than the nm��unt of the sums rcrural b/ thix
<br /> Sccurity Instruntent imnxdiately before tho tc�kin�.unless Borrowcr and Lender athenvise ngrco in writing.the sums secunxi by
<br /> this Sccudty lnstn►raent shall be ralucnd hy thc amount of the prc�Js uiult ip8ed by the foU��wing f'ractian: (u1 thc tntol
<br /> amaum of ttu sums securai immediately befare the�.�lci!�,.dividod by(ba che Yair aiurket vulue of�Jze Property immediutely
<br /> befor¢tho taking.Any balance shall be puid to Bor;f�a.;r:�1� tt►e evcat af: a p:ani�.L dk.i.ng of the F.'tr��eriy in which the fair
<br /> market vulue of thc Praperty immedlately beforc the�r�iir,�;_ �s Ee�+s than the:�norant urthc sunTS secu.red.immcdiately before the
<br /> taking, unless Borrowcr atxi l.ender uthenvise�;�;rc�i:r.W�ri�Lh'.i�;.�C�1'�'9�`��'�^.��T�ic�61c taw othca+vise�r,avid,es,ihe proceectti shuU
<br /> be�pplied to the wms securcd 6y this Sc�cudty Qi�.�tYUment wh�ther ur�;;c clie aurns��lhen due.
<br /> If the Pmperty is abandone�d by Aorrower.or If,z�fler not�ce by I.unit�r iti Bamcawer, that thc cotidemnor otl`ers to ntakc an
<br /> award or settle a claim fur diucr,ages, Borco�-e; fails eo�sroqd ta Lender witl�in`?��1•d!-s;"�after the date the eat►ce as given,
<br /> i..ender ls authorizod to collect�v;�appiy the proceeds. d<it:��rnr.on,either to restontaci�:��i•rtpair of the Propetty orc¢.*tlie sums
<br />: secured by this Sccuriry instnunedE,whciheK wr not the n di��•. •
<br /> Ltnless Lender and Borrowcr��therwise.3i:f•7.et in w,�i�irt�, any appfication of proceals to principal shull not extr.nd or
<br /> • past�c►ne che dne drte uf thc muutiiiy payu�ei�i.;r.,f�sr.wl ta ai�,j+�'�xaBrsPhs 1 ntid 2 arehenoe the amo�int o4'�uch payments.
<br /> ' , 4�,�orrowsr Not Releaaed;Forbea�rnnih.�v�Lep��ur�tM a Wptver. Extc�ston of tfio ttme for payment or+nqdification
<br /> uf un�ottirution of the sums secured by this Securiry Tn�cr��n,ent'granted by I.enderto any successor in interest of&�Ir,rra+«•er shalt
<br /> not operate to relc,�•�the liability of the origin.al Bnrrow�r,o� �F3q�rowe�'s sucassors in interest. Lender shall not bb�:quired to
<br /> cammenee pra.�c'tlicss�s against any suceessor em.�i+�ter�t or re'r'use to'e�ct¢n�i�pfine tor payment or otherwise mociify aniortization,
<br /> of the sums securoai by this Securtty Instr��n:;:ni by ratson of uny�tlemanl rnade by the originet Borrower or Boaower"�.:
<br /> succcssors in intenst. My forbea�ue by L,cixicr in exercisfng any;r.i;�ht or,r�m�dy shall not be a waivcr of or ptixtuda tl� ,
<br /> oxen:ise of�i�y �igh.ar r.:n�;:r,;.. ;. •. , � ' ',;,:,•�
<br /> 12.Suoceseors �nd A.�a4s&►und, .io4t►E�nd Sc�c+H►4 I.ipbiHBy;�,��8nefs. 'Che covenants and agreol�ir�:�¢s of this':;? :',
<br /> . 5ecudty[nsttument shall bind and benef►t et3c'�acas�ors and nssigtt's af 'Let�er aid Borrower. sub,ject to the�prnvitions df;�� '� ;; �
<br /> : � p�rxgrsph 11. Bomower's covcnants and ��;rer:mmts ahall be joint x»� serer�l. Any E�orrower wha co-sigas tris Securlt�?i.
<br /> .�; inatnimai� but does �wt cxr.;ute tt�. Note:��n9:is eo-signing thi�Securlty Instrument only to mortK�Se. grant ar►d,cR�vey thAt. , -'
<br /> , 1�,�,�wer's interest in the Pcaperty under t��Verens of thts Se�urity Instcument; @) ts nc�t personally obligated tro'�Ay the sum�
<br /> � .��_;•.�s.;ture�¢by this Security Instrum�tit;and�{e).;Igr�es that Lendcr and any Mher Bortower rnay agree to catend.modtt'y.�Forbrar or
<br /> ' •'';:.;r�)ce any acoommodadons with regard to f�ie,tci-�ita of this Secudty Instn�menc orihe Note without thet Borrower's oonsent.
<br /> 13.Lpaut Charges•If the loan socurtd bY this Saurity Instn►ment is subj�ct ta a!sw which sets muimum lo�n charSes.
<br /> ,. '; `' and that law is finally interpreted so t�at the intecest ur othr.r loan charges col iatecl ar to be collected in connection with the
<br /> loan exceed the permitted limits.then: (a)any such lan chArge shall be roduoed by the amount necessary to reduce the ch�rge
<br /> to the pemdccod lim[t:and tb)anY sums alredy colt�fmm Borrower whic.fi ex•o�led permitto�li�e will be re[unded w
<br /> _ ' gorrowo�, Lender rr�y choose to make this refund by reducing the principn.l owod aixler the 14bte 5t b���di�
<br /> .}' pxyment to Bonower. If a refund reducxs principal, the reduction will ba ueated as a partial P�Y y
<br /> . p ynxnt d�arge under che Nate.
<br /> • �14.Notica.Any notiix ta l3ot(ower provided forin,{h3s Sccurity Insuuiraent shult be Siven by delivering it or by m�iling
<br /> it 6�"first cla4s tn�l unless sV�pPir,�pla 1aw tequires use ok am�tlaer mcthad. '1Le notice s}�aU be dioocted to the Pmpercy Addre�
<br /> - or su►y other address 8orrower designatcs�tIl►y,l�� to�ll,erKle'r. A�},.�uetia to Lender�shall be given by first claas mail to
<br /> -. �' 1,p�der's address stated herein or any oth�nelclras i.endP�da�8natc�:��by"Tjotice to Borrower. Any�,c�otice provWed for in thls
<br /> - Security Ir�uzrKnt shsll(x dx�rKd to have;�eRn 8iv�nto Borrower ot�Letxi(�r�v�en given as provided in this paragraph.
<br /> � 15.Gore� I.�w; Severa6ility. 7Tiis Sxudty Instrume�u shall�ba govemed by foderAl law u�d che law of thc
<br /> jurisdictlon in which the Property is locntod.In tf►�e��ent that any provision or cl�au�.�qf this Security Instrument or the Note
<br /> • oontlicts with applicable law,such conftict shAll not aftec�t_other provisions of tfris Sa�irity Instrume�t or the Note which qn be
<br /> -� ., given e(fect without the wnflicting provisi�in.�'D'o thi s rnd the pmvisions of this 5ocuiity Instn►n►�nt,�nd the Note ue doclaned
<br /> _ . tro,be xveYable. � .' .;.'
<br /> • . ' ` 16.Bonnaer's Copy Horrower shall bc given ane conformed copy of the Nate uxl of this St�e�irity iatuument.
<br /> _ � � F.pnn 302d 9l80
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