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<br /> payments may no longcr be requiral.nt the option of L.en�ier.if nrortgagc insurancc cavcrage (i�t6e amount nnd fbr the perIod
<br /> that Lcncicr rcquires)provided by an insurer appmved by[.ender ugain becomes nvailablc und is obtained. Banuwer shall�y
<br /> the prtmiums required to muintain mortgage insurance in efFecl, or to providc u loss resecva,until the requirement for mortgage
<br /> insurance ends in accordanca wlth any wrltten agrecment between 8arrower and Lender or applicable luw.
<br /> 4. Inspec:Non. Lender or its agent may make reasonable tntrIes upan and inspcctions of the Property. Lender shall give
<br /> Borrower notice at the time of or pdor ta nn inspection specifying reasonable canse for the inspection.
<br /> 10. Condemnatfon.The proceeds af any award or claim for damages, direct or consequentiul, in connection with any
<br /> condemna[iun or otner caicing oi any pure or�ne rropeny,ur ior wnvey�rn;e in iieu ot canciemnu�iun,u�nereby uss;gneu wKi
<br /> shall be�aid tA Lender.
<br /> In the event of a total taking of the Property,the proceeds shull be upplied to the sums secured by this Securiry Instmment.
<br /> whether or not then due, with any excess paid to Borrower. In the event �f a partlul uikIng of the Property in whirh th:,fair
<br /> market value of the Property invnediatcly before the taking is equal to or greater than the emount of the sums securcd by this
<br /> Security Instrument inw�ediately before the taking,unless Borrower and Lender otherwlse agree in writing. the sums securcd by
<br /> this Security Instniment shall be red�.�ced by the amount of the proceods multiplied by the following fraction: (a) the tatnl
<br /> amount of thc sums secured immediately before the taking. dividcd by(b) the fair market vnlue of the Property iramediately
<br /> , beforc thc teking. Any balancc shall be paid to Borrower. In the evcnt of a partjal taking of the Property in which the fair
<br /> market value of thc Property immcdiately befon the tekiag is less than the arraunt of tha sums secured immediately before the
<br /> taking,unless Horrower and I.ender athenvise agree in writing or unless applicpble luw otherwise provides.the proceeds shall
<br /> be appliod to the sums secured by this Security Instniment whether or not the sums are then due.
<br /> If the Property is abandoned by Bonower.or if,after notice by I.ender to Bonower that the condemnor offers to make an
<br /> award or settle a claim for demages. Bonower fails to respond to Lender within 30 days ai4er the date the notice; is given,
<br /> I.endcr is authoriztd to collect and apply the proceetts,at its optlon,either to restomtion or npair of the Property or ro tde sums
<br /> secived by this Security Instmment,whether or not then due.
<br /> Unless L.ender and Borrower atherwise agcte in wr�ting. any applicadon of pcoceeds to pr[ncipal shall not extead or
<br />- postpone tfie due date of the monthly p�,vments referral to in paragraphs 1 and 2 or chan�e the amount of such payments.
<br /> 11.Borrower Not Rdeased;Fai�By Lender Not a WAiver.Extension of the time for payment or modificadon
<br /> of amortization of the sums secured by this Security Instrument granted by Lender to any successor in jnterest of Horrower shall
<br /> not operate to release the liabiliry of the original Bonower or Borrower's successors in interost.Lender shall not be required to
<br /> = wumw,��pnx.-caIings uguin�f a„y aucua�or in iuiccs�f or ceiuse io extend time for payment oT oti�envise modlty amoRization
<br /> ' of the sums securod by this Security Instnunent by reason of nny demend made by the original Horrower or Boaower's
<br />;� successars In inter�st.My forbearance by Lender in exercising Any right or remedy shall not be a waiver of or Preclude the
<br /> � exercise of any right or remedy.
<br /> i 12. Successors and Assigas Bound; Joint And &verai Uabillty; Casi�aers. The covenants and agraments of thIs
<br />•� Security Instn►ment shalt bind and benefit the successors and assigns of Lender and Borrower, subject to tha provisions of
<br /> � paragraph 17. Borrower's covenants and ngreemants shall be,joint and several. Any Borrower who co-signs this Secutlty
<br /> ,� Insuument but dots not exocute the'J�ote: (a) is co-signing this Security Instr�ment only to mortguge.grant aad convey that
<br /> Borrower's intemst ia the Property under the ternu of this Securiry Instnrment; (b)ls not parsonully obligatod to pay the sums
<br />��;� socurat by this Securiry Instrament;and(c)agc+ees that Lender and eny other Barrower nuiy agra to extend.modify,forbear or
<br /> _'� make any eccommodations with c�egard to the terms of this Security Instrument or the Note wIthout that Borrower's consent.
<br />`_� 13.Lwn Chae�ges. If the loan secured by this Security Instrument is subject to a law which sets m�ximum loan chatges,
<br /> and that'Iaw is finally interpreted so that the intecrst or odier loan charges coUected or to be collxted in connection with the
<br />.: � loan exceed the pemuttsd limIts. then: (a)any such loan charge shall be reduced by the amount nace.ssary to rodua the charge
<br /> 'to the permittxl limit;and(b)eny sumc already oollected from�orrower whieh exeeeded permitted limits wiil be refundocl to
<br /> ' Bomower. Lender may choose to make this refunc] by reducing the principa! owed under the Note or by making a dicect -
<br /> payment ta &;aro�eer. I:a nfund ror3uces principal, the reductlor ivil! bc treatcd 3s a parti�i prepayme►it wiiliout ac�y
<br />-_� prepayment charge under the Note.
<br /> _ 14.Notkes.Any notice to Borrower provided for in this Secudty Instmment shall be given by deltvering it or by mailing
<br /> • ' it by fi�st class mail unless applicable law requircw use of another method. The nottoe shall be dircetod to the Property Address
<br /> ' or any other eddrcss Horrower designates by notice to Lender. Any notice to L.ender shatl be given by first class mail to
<br /> . Lendcr's address stated herein or any othcr adtimss Lender desi�mates by notice to Bonower. Any notice provided for ir,this
<br /> Security Insttument shall bc deemed to have been given to Bornowur or Lender when given as provided in this paragrapls.
<br /> . 15.Governing i.aw; Sevenbtlity. This Secudry Instiument shall be governod by federal law and the Iaw of the
<br /> jurisdictton in which the Propeny is located. In the event that nny provision or clause of this Security Instrument or the Note
<br /> conflicts with applicable law, such conflict shall not uffcct other provisions of this Secur{ty Instnunent or the Note which can be
<br /> givrn et�'ect without the conflicung provision.To this end the provisions of this Security Instrument and the Note are declarod
<br /> to be severable.
<br /> � 16.Borrower's Copy.Barcower shall be given one confotmed copy of the Note and uf this Securiry Instcument.
<br /> , Fortn 3028 9l80
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