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<br /> payments may no longer be required,at the option of Lender, if mortgage insurance coverage(in the amount and for the period
<br /> that Lender rcqulres)provided by an insurer approved by Lender again becomes available and is obtaincd, Borrower shall pay
<br /> the premiums required to maintatn mortgage insurance in effect,or to provide a loss reserve,untll the reyuirement for mortgage
<br /> insurance ends in accordance with any written agreement betwcen Borrower and Lender or applfcable law.
<br /> 9� Inspection. Lender or its agcnt may make reasonabl�entries upon and ins}xctions of the Ar�perty. l.ender shall givc
<br /> Sorrower notice at the time of or prior to an insp�ction speclfying reasonable cause fur the inspectlan.
<br /> 10, Condemnatlan. The proceeds of any award ar claim for damages, dir�ct or consequcntial, in connection wIth any
<br /> condemnation or other taking of any pan of the Propeny, or for conveyance in lleu of condemnation, are hereby assigned and
<br /> shall be paid to i.ender.
<br />: In the evcnt of a wt�l taking of the Propeity, the procccds shall bc applied to the sums secured by this Secarity Instrumen[, .
<br /> whether or not then due, with any excess paid to Bonower. In the event of a partial taking of che Property in which the fair
<br /> mazket value of the Property immediately befure the taking is equal co or greatar than tlie amount of the sums secured by this
<br /> 5ecur3ty Instrument immediately beforc the taking,unless Bonower and Lcnder otherwise agree in writing,the sums secured by
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the follawing fraction: (a) the total
<br /> amount of the sums sccured immediately befbre thc taking, divided by (b) the fair marke[valuc of the Property immediately
<br /> before tha tal:ing. Any balana shall be paid to Borrower. ln the event of a partial taking of the Property in which the fair
<br />- market value of the Property immediat�ly before tho taking is less than the amounc of the sums secured immediately before thc
<br />= taking,unless Borrower and Lender othenvise agree in writing or unless applicable law otherwise provides, the proceeds shall
<br />- be applied to the sums secured by this Security lnstrument whether or not the sums aze then due.
<br /> If the Property is abandoned by Bonower, or if, after notice by Lender to Borrower that the condemnor offers to make an
<br /> award or settle a claim for damages, Boaower fails to respond to Lender within 30 days after the date the notice is given,
<br /> L.ender is authoriud co collect and apply the proceeds, at its option,either to restoration or repair of the Propeny or to the sums
<br /> secured by this�urity lnstrumer�t,whether or not then due.
<br /> Unless Lend�r and Borrower othorwise agra in writing, any applica�ion of proceeds co principal shall no[ extend or
<br /> poscpone the due date of the monthly payments referred to in pazagraphs 1 xnd 2 or change the amount of such payments.
<br /> 11.Borrower Not Rdeased;ForixAraace By Lender Not p Waiver.Extenslcn of the time for pAyment or modificxtlon
<br /> of amortlutlon of the sums secured by thls Saurity Iastnrment granted by Lender to yny succeasor ln lntorest of Borrower ih�ll
<br /> not oper�ce to release che liability of the origin�l Borrower or Bonower's successora in interest. Leader shall not be requlred to
<br /> commence proceedings agunst any successor in interest or refuce to extend time for p�yment or otherwiu enodify unonira�tion
<br /> oP the sums setured by this Secudry lnstrument by reasun �f any dem�nd m�de by the origtnd Bcirrower or Borrower'�
<br /> succeiwra in interest. My forbearance by l.ender in exercising any righc or remaly ahall not be �w�lver c�f or preclude the
<br /> exetciee af any right or remedy.
<br /> 12. 5uccea�oro pad Assl�ns Bound; Joint �nd Sevet�l 4iwbllity; CasiQaay, 7'he coven�nts aad agrcemenu uf thl�
<br /> SOCUTI[Y !llbtiLLfllGAt Sl1811 D1Aq 8I14 DCI1CIlf Lf1C SUGGCS50C5 Attti ayyi�,tu ui i.cuucF iSiu Bu[itiwc7, SilujcGi Iv ISic }�TG�i:iv.^w 0:
<br /> par�t�ph 17. Bonower's covanents and agreements shall be joint and severxl. Any Borrower who co-�ip,ua this Socurity
<br /> Inauumcnt but do�s not eaecute the Note, (a) is co-signing this Security Instrument only to mortgage, grant u�d convey thet
<br /> $orrower's lnterest in the Property under the[erms of this Security Instrument; (b)is not person�lly obligaud to pay tbe aums
<br /> aecured by this Secudty Instrument;aad(c) agrees that Lender and any other Borrower may agree to extend, modify,forbear or
<br /> make any accommodations with r�gard to the terms of this Security Instrument or the Note without that Bormwer's consent. _
<br /> 13.Loan Charges. If the loan secured by this Security Instrument is subjxt to a law which sets maximum loan churges,
<br /> and that law is finally interpreted so thac the interest or other loan chazges collec[ed or to be collected in connection with the
<br /> loan eacxd thr permitted limits, then: (a)any such loan charge shall be reductci by the amount necessary to reduct the charge
<br /> to the permittal limit; and(b)any sums already collected from Bonower which excaded permivad limits will lx refundod to
<br /> Bonower. Lender may choose to make this refund by reducing the principal owul under the Note or by making a dirxt
<br /> pnyment to Borrower. If a nfund reduces principal, the reduction will be trcated as a pArtial prepayment without �ny
<br /> prep�yment charge under the No[e.
<br /> 14.Notices.Any notice to BArrower provided for in this Security Instrument shall be givon by delivering it or by mailing
<br /> it by firat class mail unl�ss applicable law requires use of another m�thod.The notice shall be directed to the Property Address
<br /> ur any other address Borrower designates by notice to Lender. My notia to L,ender shall be givea by first class mail to
<br /> Lender's address stated herein or any other address L.ender designates by noticc to Borrower. Any notia provided for in this
<br /> Securiry Instrument shall be damed to have bcen given to Borrower or Lender when giv�n as provided in this paragraph.
<br /> 15.Governine L.aw; Severability, T'his Securi[y Instrument shall be govemul by federal law and the law of the
<br /> ' jurisdiction in which the Property is located.In the evant that any provislon or clause of this Security Tnstrument or the Note
<br /> conflicts with applicable law,su�h conflic�shall not affect other provisions of this Securiry Instrument or the Note which can be
<br />_ givw effect wlthout the cont�icting provision.To this end the provisions of this Security Instrument and the Note are dxlared
<br /> to be severable.
<br />— 16�Borrower's Capy. Borrower shall be given one conformed copy of the Note and of this Sec�irity Instrum�nt.
<br /> Fwm 3028 9/80
<br /> �•BRINEI�o��ti.oz Pap�4 0l 8 iMnwc
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