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<br /> paymcnta may aa longcr be requimd,�t the option of lxnder,iP mortgnge insurance coveragc(in the nmount nnd far thc�criod �
<br /> that Lender cequircs)providcd by nn insuree approved by L.ender ogain becomes nvnilnble nnd in obtairtcd. 8orrower ehall pny
<br /> the premtuma required to maintaln rnortgage insurnnce in effect, ar to provide n loss resecve,untit the requircmcnt far mortgage �.-
<br /> insurnnce ends In ecrordance witb any wcitten ngreeraent betwcen&►nower and Leader or nppitcnble Inw. `--
<br /> 9. Inspectton.L.ender or its agent muy makc reusonuble enlrlQS upon nnd inspections af thc Property. Lcndcr shnll givc -
<br /> �orrower notice at the time otor prior to an inspcetton specifying eeasonnble cause for the inspcction. �-
<br /> lQ. Cea�em�tta�n.The pmceeds of aay a�r.sd or claim for dsm�ges. direct or cotuequentlal. in canriccttoa with any
<br /> condemnation or other taktng of any patt of the Property.or for oonveyance in lieu of condemnation, nre hereby ussigned nnd ,„
<br /> sbutl be paid to L.eader. _
<br /> In the event of a total taking of the Property.the prooeeda shdl be upplied ro the swns secwed by tMa Securtty inatrument. �Q
<br /> wieether or not thcn due.with any excess pa�d ta Borrower. In tde event of a partisil takiag of the Property in which the fair � -
<br /> market value of the Property immediately before the taking is equal to or g[eater than tho nmount of the sums secured by this � -
<br /> Secudty Instrument immediately before the takin�.unless Boirawer and I.eader othenvise agree in wrttWg.the sums secured by � �
<br /> this Serurtty Insuumcnt shall be raiuced by the amouat of the p�s muttiplicd by tbe following fraction: (u)thc total
<br /> amount of the swns seclued lmmedIately before the taldng.divided by(b)the fair market v�lue of the Pcoperry immediutely
<br /> beforc the taking. Aay balana shall be paid to Bormwer. In the event of a partial takIng of the Pmperty in which ttio fatr
<br /> mazket value of the Property immeQiately before the taktng Is less thaa the amouat of We sums secured immodiutely before the
<br /> takittg,wiless Borrower and Leader otberwlse agree in writing or unless applicable!aw otherwlse provides.the proceeds shuU
<br /> be applied to the sums secured by thts Serudty Insttumeat whether or not We sums are then due.
<br /> If ihc Praperty is abandonad by�orrower.or if.atter aottce by Lende-to Borcowe�[hat the condemao�otTers to meke an �
<br /> award or settle a claim far damages. Borrower fails to respoad to Lender within 30 days after the data the notice is given,
<br /> ixnder is author�ed to coqect aud app2y ttte prooceds.at its oprion,either to reswratton or iepair of the Property or to the sums
<br /> secured by Wis Secudty Instcument,whether or aot ti��t due.
<br /> Unless I.snder and Sorrower otheia+ise s� In writing, aay applicadon of pr000eds to priacipal shall not extend or
<br /> postpone the due date of the monahIy Fayments�feired to ia paragraphs 1 and 2 or change the ainount of such payaeents.
<br /> 11.Borrower Not Rde�eal;Fb.a3�rance By I.eadv Nat a W�iver.Exteusion of cha time for payment or modific�tion
<br /> of amort�tioa of the sums secured by t5ia Securlty Instrument�ranted by Lender to aay suaoessor ia interest of Borc�nwer shall
<br /> not operau to nlease tha liebiUry of the orlgiaal Bormwer or Bomuwer's suocessors in iuterest. Lender Bhall not be required to
<br /> oommence pmocedings agalnst eny suooes.sor in Intcrest or refuse ro extead time for payment or otheiaise modify amortir�tion
<br /> of the sums secu�od by this Secudty Insuument by reasan of aqy demand msde by the original Bomower or Bomower's
<br /> s�sssirs�t ias=r�t. !!ay f��+�by�lfr IQ e.uz�s[ag any sight Qr r�m�ly shall a4t be a watYPr Qf or gxes2!�ttse
<br /> exercise of azryr rlght or remedy.
<br /> 12. Suxe�as aad�&fluail;doint attd Several UabWty; Co-sS�ners.'Ihe covenants azed agreements of this _
<br /> SecurIty Iasuument sha116ind and L+enefit the sucoessors and assigns of i.enflPr and Borcower, subjea to the provisions of
<br /> paragreph 1�. Botrower's oovenanis �nd agramen�s shall be joiat and several. Any 8omower who co-signs thia Security
<br /> Inshvmeat but dces not eaecute th2 Noie: (a)is oo-signing th�Securiry Iasuument onUy to mortgage.grant and convey that
<br /> Boirower's interesc in the Pi+operty b��1er the terms of ehis S�ry Ynsuument:(b)is a�i.pereonally obligated[o pay the sums
<br /> secured by this Sxudry insuument;aad(c)agcees that Leader and ar�y other Boirower m�y agree co extead�modiPy.forbear or
<br /> malce any s�c�commodations with i�egaM to the terans of thls Securtty�tsstnzmenralc'�tie Note wIthout that Borrower's consent.
<br /> 13.Lonn Cb.arges.!f the loan sea►red by this Secudty Insuwactent is subjecf to a law whicf�sets maatmum loan charges.
<br /> and that 1aw is finaily intetpreted so that the interest or other loan�h8rges ccltected or to be collected in oonnection vvith the
<br /> loan eacettl aho peratitted ifmits. then: (a�a�r such loaa charge sLall De redu}�d by the amnuat neoessazy to c�edux the dtarge
<br /> to the permitted limit;and(b)any sums almady ooll�xed from Bormwer whieli exoceded permitted Itmita wiU be nfunded to
<br /> Boaower. Leader may choose to make this rcfund by reducing the princ�►h!awed under ttte Note or Dy making a dirert .
<br /> . Paymcni to Borrower: If a niund reduas p�aclp�t, Rhe reduaion witi be r.sr.atat :u e �i6ttial pYc�j+mo"T.t rJet$iiUt tZtiy _
<br /> prapayment charge under the Note. ��.� .
<br /> 14.�"flfiIaa;s;A�natice to Boscmvler pr�vided for in tmis Sewriry Ic�suumebi sJo�i!"!ie given by elelivering it or by mai�iag
<br /> it by flrat'��`lass mait unless applica6te iaw requit�as use af another method.Tt:s aodce shaR b�di�ected to the Properry Adda�s
<br /> or any other adMess�qirower desigaates by not[oe ro I.eader.Any aotioe¢o Y.rnder shall be given by ftrst class mail to
<br /> Lender's address sea�:�he[ein or any otlter address L�ttder designaies by ttotide to Bormwer. Any nottce pmvided for in this :�
<br /> Security Iamument slititl6e damed w have beea given to Borrower or Lender�when given as provided in this paragraph. .�;�
<br /> 18.Guvereing I.�w; Severabiiity. This Sccurity Insm�nqeat shall be govetaed by federal law and the law of the �;�
<br /> jurisdlction in which the Property is located. In the event that any pmvision or clause of this Secvrlty Insuument or tha•Note ,�'�;��,
<br /> conflias with applicable law.s►tch oonflIct shall aot affoct oiher provislons of ttus Security Insuument or the Note which can be K.
<br /> gtven effect vrithout the congl(cting pmvision.Ta this ertd the pmvIsions of tbia Securiry Insuument and the Note are declared �
<br /> to 6e severable.
<br /> 16.Bom►wer's Copy.Borrower st►all be given one oonfo�ed oopy of the Note and of this Securiry Insuument. _
<br /> Fam 3028 9/80
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