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<br /> paymente may no longer be requlral.at the option of Lender, If modguge Insurance cavera�c(in the nmaunt Qnd fo t �od
<br /> that Lcnder requires)provided by an(nsurer appraved by Lender again becomes availablc and i�obtalned.Borrower ehall pay ,
<br /> the premiums requir�l to maintaln mortgage insurunco in effect,or to provide a loss reserve,until thc requircmcnt for mortgage
<br /> jnsurance ends in accardance wlth any written agreement betwecn Borrawer and I.ender or uppllcuble luw.
<br /> 9. In.9pection. l.ender ar itR agent may make reasonable entries upon and inspectians af the Property. L.tnder shall givc �
<br /> Borcawer notice at the time of or prior ta nn inspection speclfying reasonuble cause for the inspection.
<br /> 10. Condemn4tlur�. The proceeds of su�y award ar clalm for damages, direct or consequentiul, in cannation with any
<br /> condemr.atton or other taking of any part af thc Property,or for canveyancc in licu of condemnntion,arc hereby assigned and
<br /> shall be paid to Lender.
<br /> In the cvent of�total takin�of the Property, the procceds shall be upplied to the sums secured by this Security Instcument,
<br /> whether or not then due.with uny excess paid to Borrowcr. In the event of a partial taktng af the Property in which the fair
<br /> rnarket vatue of the Property immedietely before the taking is equal to or grestter than thc amount of the sums accurcd by this
<br /> Securlty Instrument immediatoly before the taking, unless Borrower and Lender othenvise agree in writing,the sums securcd by
<br /> this Securiry Instnament shall be reduced by the amaunt of the proceeds multiplied by the following fraction: (a) the total
<br /> amount of the sums secured immedintely before the taking, divlded by(b) the fair market value of the Propeny imnediately
<br /> 6efore the taking. Any bnlance shull be paid ta Bormwer. In the event of a partfal taking of the Properry an which the fair
<br /> market value of the Property immediately before the taking is tcss than the smount uf the sums secured immeciiately before tha
<br /> tekjng,unless Borrower and I.ender otherwise agree in writing or unless applicable law otherwise provides, the proceccls shall
<br /> be applied to the sums secured by thls Security Instrument whether ar not the sums are then due.
<br /> If the Property is abandoned by Borcower,or if,after nottce by L.ender to Borrower that the condemnor afiers to make an
<br /> award or settle a claim for demages,Borrower fails to respond to L,encler within 30 days after the date the notice is given,
<br /> Lender is author�ud ro collect and apply the proceeds,at its option,either to restaratton or repair of the Property or to the sums
<br /> saured by this 5ecurity lnstnunant. whether or not than due.
<br /> Uniess I.ender and Boaower otherwtse agree in wdttng, any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Sorrower Not Released;For6earauce By Leuder Not a Waiver.Extension of the time for payment or modificatlon
<br /> af amortiuulon of the sums secwed by thIa Security Instrument granted by I.ender to any successor in lnterest of Borrower shall
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shnll not be required to
<br /> wmmcnce proceelings aguinst any successor in interest or refuse to extend time for payment or otherwisc modify amortiradon
<br /> of thc sums secured by this Security Instrument by rcason of any demand made by ths origin�l Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver af or preclude the
<br /> exercise of any rIght or nmedy.
<br /> 1Z. Successors and Assigns Bound; Joint and Several Llobil(ty; Casigners.The cavenants and agrccments of this
<br /> �ecurity instrument shali bind and benefit ti�o��,ci;cssurs aitd as�igtss of Len�er �s�BarroW�r, subJ"rt t^ ih!' �mvicioa4 of
<br /> paragraph 17. Borrower's wvenanu and agraments shall be joint and several. Any Borcower who co-signs th3s Security
<br /> Instrument but does not execute the Note: {a)is co-stgning this Saurlry Instnunent only to mortgage. grant end convey that
<br /> Borrower's interest in the Properry under the tcrms of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> securod by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,rnod[fy,forbear or
<br /> make any accommodatians wlth regard to the terms of this Secudty Instrument or the Note without that Bonower's consent.
<br /> 13. I,opn Chxrgea.If the loan secured by this Secudty Instrument is subje�t to a law which sets maximum loan charges,
<br /> and that law is finally iaterpreted so that the interest or other loan charges collected or to be wllected in connection wlth the
<br /> loan exceed the permitted limits. then, (a)any such loun charge shall be reduced by the amount necesssry to reduce the charge
<br /> ro th�permltted limit; and(b) any sums already collected fr�m Borrower which exceeded permttted limiu will be refunded to
<br /> Borrower. I,ender may chooss to make this refund by reducing the principal owed under the Note or by making u direct
<br /> payment to Borrower. If n refund reduces principat. the reducGon will be ueated a.4 a partial prepayrtxnt without any
<br /> prepayment charge under the Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class majl unless applicuble law requires use of another method. The nodce shall be directed to the Property Address
<br /> or any other address Borrower designates by nottce to Lender. Any notice to L.ender shall be given by tirst class mafl to
<br /> Lender's address stated herein or any other address Lendcr designates by notIce to Borrower. Any noticc providal for in this
<br /> Security Instrument shall be deemed to huve been glven to Borrower or I.cndcr when given ns provided in this paragraph.
<br /> 15.Governing I,aw; Severa�ility. Thts Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property Is located. In the cvent that any provision ar clause of this Sccurity Instrument or the Note
<br /> conflicts wlth applicable law,such conflict shaU not affect other pravisions of this Security Instntment or the Nae which ctu�be
<br /> given effect whhout the conflicttng provision.To this end the provisions of this Security Instcument and the Note ure declarod
<br /> to!+e severable.
<br /> 16.Borrower's Copy.Bonower shall be given one confortned cnpy of the Note und of this Security Insttument.
<br /> Fo�m 3028 9/80
<br /> Paye 4 of 8
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