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<br /> payments muy no longcr lx:rcyuircd, ut thc optiun of Lcndcr. if rnangugc insurunrc ri�vcrugc(in thc nmount wid for tha pericxi ;
<br /> that Lendcr requires)providcd by un insurcr uppravcd by I.cndcr Aguin beam�es nvuilublc unJ is abtnined.Barrawer shull pay
<br /> thc premiums rcquired tu m:dntuin mortgage insurnncc in effect,or to providc u lass rescrvc.until thc requirement for mortgoga
<br /> insurancc cnds in uccorduncc with any wrfttcu ugrcemcnt betwcen Borrowcr und l.cndcr or upplicablc Inw.
<br /> 9. Inspectian.l.ender or its ugent muy mukc rcasonable entdes up�n and inspections uf the Property.[.cnder shall givc
<br /> Borrowcr noticc at thc timc af or pri:�r to un inr,pcstian specii'ying rcuyimnblc cnusc for thc inspcction. �
<br /> 10. Condemtwtion. The proceeds of any awurd ar claim for damages, dircrt ur cun,equeutiul, in conna;ction wltf��ny
<br /> condemnution or other tuking of any part af the Properry,or for convcyunce in lie��af condemnution,ure hereby ucsigned and �
<br /> shall bc paid to l.cndcr. �
<br /> in the event of u totnl wking of the Property,the praceeds shall be upplia!ta the sums:;ecured by this Secudty Instrument,
<br /> wttether or not then due, with any excess paid ta Borrovrer. In the event of a panial taking of thc Properry in which the fair ,
<br /> murket vuluc of the Pruperty immedlutely befare the taking is equal to or greater than thc�mount of the sums Secured by this ;
<br /> Securiry Instrument immediately before the taking,unless Borrawer and Lender othenvise agrce in writing,the sums securcd by '
<br /> this Secudty Instrume�t shall be reduced by the umount af the proceeds multipliod 6y the fallowing frnct[on: (u) the tatal
<br /> amaunt af the sums secured immaliutely beforc the takjng, divide�by (b)the fair murket value of thc Pmperty immediately
<br /> bnfore the tuking. Any bulance shall be patd to Borrower. In the event of a partial taking of the Properry in which tho fnic
<br /> mazket value of the Property immediatcly befoie the taking is less than the amount of the sums secureci imn�ediately before thc
<br /> taking, unless Borrower and Lender otherwise agree in wdting or unless applicable law otherwise ptovides,the procceds shall
<br /> be applI�i to tht sums SecureA by this Securiry Instrument whethet or not the sums are then due.
<br /> If the Property is abandor.ed by Borrower.or if,ufter notic�by Lender to Borrower that ihe aondemnor offers to makc an
<br /> award or settle a claim for damages. Borrower fuils to respoad to Lender within 30 days after the date thc nodce is given,
<br /> I.cnder is authorized to collect and apply the praceeds,at its option,either to restoration or repair of the Propeny or to the sums
<br /> secured by this Security InstNment.whether or not the��due.
<br /> Unless Lender and Horrower otherwise agree in writing. any upplication of proceeds to principal shalt not extend ar
<br /> postpone the due date of the monthly payments referned to in paragraphs 1 and 2 or change the amount of such payments.
<br /> I1.Borrower Not Reltased;Forbearance By Lender Not a Waiver.Extenston of the time for payment or modification
<br /> of amortt�atlon of the sums secumd by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> not operate to release the liability of the original Borrower or Borrowcr's successors in interest. I.ender shall not be roquired to
<br /> commence proceedings against:u�y successor[n interast or refuse to extend time for payment or otherwise modity amortization
<br /> of �F,P �um� secured bv this Securicv Insuument by reason of eny demand made by the original Borrower or Borrower's
<br /> successors in inurest. My torbearana by ixnder in exercising any right or remedy shafl not be a waiver of or p�clude the
<br /> exerclse of any rtght or rcmedy.
<br /> 12, Suaessors and Assigns Bour�d;Jatnt and Several L(AbiBty; Co-signns. The covenants and a�eements of this
<br /> Security Insuument shall bind and benefit the successors and assigns of Lender and Borrower. subject to tha provisions of
<br /> paragraph 17. Borrower's covenants and agraments shall be joint and several. Any Borrower who casigns this Security
<br /> Instnunent but does not excxu4e the Note: (a) is co-signing this 5ccurity Instrument oWy to mottgage. grant and wnvey that
<br /> Borrower's interest in the Pcoperty under the terms of this Security Insuument;(b1 is nat personally obligated W pay the sums
<br /> sacurod by this Secudty Instrument;and(c)agrees that Lender end any other Bormwer may agcee to extend,modify.forbear or
<br /> make any accommadations with regard to the terms of this Securiry Instn�ment or the N�te without t6at Borrower's rnnsent.
<br /> 13.Loan Ctuirges.If the loan securocl by this Security Instcument is subject to a law which sets maximum loan etwrges,
<br /> end that law is finally interpreted so that the interest or other toan charges collectal or to be colla�ted in coiu►ection with the
<br /> loan eaceed ttie permittod limits,then:Qa)eny such loaa charge shall be reduad by the amount n�sary�to redua thc clwrge
<br /> to the pern�itted limit;and(b) any sums already collected from Borrower which exceeded permitted limits will be refundal w
<br /> Borrower. Lender may choose to malce this rcfund by reducing the principal owed under the Note or by msking a diroct
<br /> paymcnt to Borrower. If a refund raluces pdncipal. the roduction will be treated as a partial prepayment wlthout any
<br /> prepayment charge under the Note.
<br /> 14.Notiees.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first ctass mail unless epplicable law requires use of another method.The notice shell be directod to the PrapeRy Addnss
<br /> or any other addttss Borrower designates by notia to Lender. Any notice to i.ender shall be given by first cla�s mait to
<br /> Lender's address stated herctn or any other address Lender designates by notice to Borrower..+�ny notioe pro�•ided for in tl�is
<br /> Security Instcument s�all be deemed to have been given to BorroW�er or L.ender when given as providect i.n this paxagraph.
<br /> I5.Governtng Law; Sevecability. This Security Inshument shall be govemed by federal Inw and,the law of thC
<br /> jurisdiction in which the Property is locatod. In the event that any provision or clnuse of this Secudty Instniment or the Note
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Secwiry Instrument or the Nortc which can be
<br /> glven effect without the conflicting provisEon.To this end the provisions of this Securiry Instrument and the Note ane declu�ed
<br /> to be severublc.
<br /> 16.Borrowa's Copy.Borrower shall be given one eonforn�ecl copy of the Note and of thls Security Inswment.
<br /> Form 3028 9/80
<br /> Pap�4 019
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