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<br /> � payment�may no longer ba required, et tho option of l.endu. tf m a c insurance wv in amount an for�ho
<br /> �hat LenAcr rcqnires) pr�vidcd by on insurcr npproved by Lendcr egein ba;omcs avnilnbla and ia abwincd. Borrowcr shall pay
<br /> the prcmiums roquircd to maintaim m�rtgege insuranco In effect,or to provWc a loss resorve. unUl the rcquirement for mortgage
<br /> lnauranca ends in accordanca wlth any wriuen egrament betwoen Sorrower ond l.ender or aQplicable law.
<br /> 9.Inspectlon. I.end�r or its agc��t may makc rcasonable cnuies upon and inspect�ons of the Property. Lender shall gyive
<br /> Borrowu notka at the time of or pdor to an Inspoct�on specifying reasonable cause for the�nspect�on.
<br /> 10. Condemaatiun. 'Ihe proceeds of any award or claim for damages, duxt or consequentlal, tn connection with eny _
<br /> wndemnation or othcr taking of any part of thcs Property, or for conveyances In Ileu of condemnauon, are henby a9sigaod and
<br /> shall bo paid to I.endcr.
<br /> In�he event of a total taking of tho Propecty, the proceeds ahall bo applied to the sums secured by th�s Security Instrum,ent, _
<br /> whether or not than dua, with any eaccess naid W Borrower. In the event of a partial taking of the Property in which ttie fair
<br /> madcet value of the Property immediately befon ths takii►g is equal to or greater than tde amount of the sums secuc�ed by this
<br /> Security Insuument lmmediataly before the teking, unless Borrower and L.ender otderwise agm�s in wrIting. the sums secured by
<br /> this Securiry Inswment shaU be reduced by tho amount of the procoeds mult3p'Uul by the foUowing fracdon: (a) tho total
<br /> smount of the sums sccur�d immedia•.sly LefQre the ta.king. divided hy(h) the fair mmket v�fue af thc Property immediately _ _
<br /> bcfore the taking. Any balance shall be Q�id to Borrower. Ia the event of a partia!taking �f ihe Properry In whicli the fair
<br /> market value of the Property immedlatcly before the taking is less than the amount of the sums secured lmmediately b�fore the
<br /> taking, unless Borrower and L.ender otherwise agrce in wrilin8 or unless applicabie law othe.rwise provides. the proceeds shall =.
<br /> �e applkd to the sums secwed by this Seturity Insmiment whether or not the sums are then due.
<br /> If Ihe Property Lv abandoned by Borrower, or if,after nodce by Lender tn Bomnwer that tho condemnor offers to make an
<br /> award or seule a claim fa damages, Borrower fails W respond to Lenda wlthin 30 daye aftcr tha date the nodce is given,
<br /> I.uider is authorjzed to collxt and apply the proceeds,at hs opdon, cither w reswration a rcpair of tha Proputy a to tho sums
<br /> aecured by�his Securlty Ins�nenb whether or not thGn due.
<br /> Unless Lender and Borrower olherwlsa agrce in writing, eny application of procads to prjncipal shall not exca�d a
<br /> postpone tho dne date of the monthly payments referred to In peregraphs 1 and 2 a change tha amoune uf such paymu►te.
<br /> :!.!�ssa:ves N�!Q�_w!�F��!�!�!�ranee By Leeder Not a Wu[ver. Bxtension ot the timmo for payment ar modItkulion
<br /> of amocd�stion of tha sums secuced by this Socurtty Inswment grantod by Ltndu to nny auccesgor in intarst of 8arowa sh�ll
<br /> not opaua W rekase tho 1IaAllity of tho original Boirower or Borrowu's successora ln inleresG l.et�der sh�J1 not be roqulted W
<br /> commence procoeding�against�ny sucassor in intarest or refuse W oxtend timo for peyment or oUurwlso modify wnordr.ation
<br /> of the aum� socured by thb Securit�r Instrument by reagon of sny dem�nd made by tha original Borrowu a Borrowu'e
<br /> auccessors in interosG My forbearanca by Lender in exercising any dght or remody stuU not be a weivu of or proclude the
<br /> exetcise of any dght or remedy.
<br /> 12. Succe.�ors add Aast`ns Bound;Joint and Several LVbilityi Co-�ttnere. 1ha coveaents and agro�menta of tliL�
<br /> Sxurity Instrurtient shall bind�+nd bet�ofit the successors and asstgns of;.e.�du and Bormwer. subject to the provisions of
<br /> paregcaph 17. Borrowa's covenants and agroements shall be jolnt and several. Any Bomowa who co-slgns this Socurtty
<br /> Instrument but does not eaecuta the Note: (a) is co-si8ning this Security Insaument only w mortgege. grant end comey th�t
<br /> Bocrower's inuxest in tAe Propaty undu tha teims of�his Securlty Instrumeat; (b) is not pason�lly obligatod to pay the sums
<br /> secuc+ed by thfs Socurity Inswment;end(c)oBroes that Lender end any othar Bamwa may ugree to extcnd. modifY. foibar a
<br /> make any accornmodations wlth regard w the terms of chis Socurlty Inswment or Me Nae without that Borm�+sr's r.onser��
<br /> 13.I.aao Chu�e�. 1f the loan secured by this Securiry Insavment is subject w a bw which sets maximum losn cdrga, `
<br /> and that law is fu�ally lnt�preted so lhat thc interest a athar ban ctiarg�s collecied or w be wllectod ln connoctbn wih tho
<br /> ban axceed the{xxmittad ILnits. tha►: (a)eny such ban cherge ahall bc reduced by�he emount noces.4ary to nd�ce the charge
<br /> to the permittod liunit; ar�d(b)any snms already collected from Borrowu which e�caedtd Txr�Inal limits wW be nfunded w
<br /> Bomower. Lender may choose to malce this nfund by reduc3ng the prineipal owed w�der tho Note or by malcing a dirat
<br /> payma�t W Barrower. If a refund nduces princlpal, the roducdon wUl be treatod av a partial prq�ayment wlthout any
<br /> prtpayment charge under the Nae.
<br /> 14.Notices.Any nodce to Borrower provided for in Ihis Sec�uiry Instrument stiall be glvcn by dolivering it a by meiling
<br /> tt by fust clags mail unkss applicable law rcquires use of anothar method. 'It�e notice shall be dire�ted to the Property Adcir+ess
<br /> or eny otAer address Borrowu designates by notice to Lender. Any notice to I.endu ehall be given by first class mail w
<br /> Lendec'�address stated hereln or eny other address Lender designates by nodce w Barrower. My notice providad for in thb
<br /> Socuriry Instrumcat shaU be decme�to have bocn givcn to Borrower or Lender when given as provlded in this paragraph.
<br /> iS.Covereing Lawi SeverxbUity. 'Ihis Securtry Insbniment shall bo govemed by federal law and the law of tho
<br />, jurisdicbon �n which the Propecty is located. In tho event that eny provision or cl3use of this Security Instrument or tha Note
<br /> wnflicts wi�h applicable law. such conflict shall not affect ather provlslons of this Securiry Ins�ument or the Note which can be
<br /> given effect without the contlicdng provlslon. To this end the pmvistons of this Scxurity Instrument and tha Noto ane dxlared —
<br /> to be s4vcruble.
<br /> 16.Borrower's Copy.Bomower shall be given one conformed copy of the Note and of this Security InstrumenG
<br /> 631( 02l95 ���Q r Form 5020 9/80
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