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<br /> F`-� � '` � paYmeats may no longer be re�}uired.at the option of Lendrr.if mortgage insu�ance coverage tin the amount and for the period <.�`�� �
<br />��"F',�:°-.. " ' that lxnder requires)provided by an insurer approved by Lender again be��omes available and'u obtained.Borrower s6a11 pay ;�l° ' � �
<br /> �, t -� ; 4� '' `�_
<br /> . , the premiums required to maintain mortguge insusance in effect,or to provide a loss resrrve,untii the requirement for mortgage � n
<br /> �` � �= insurance ends in accosdance with any written agreement between Borrawer and Lender ar applicabte law. .?tu. ° �� `.
<br /> �� -` -` � ' 9. on.Lender or its ent ma� make reasonabte emries u on and i ions of the Pro erty. Leader shall ve `t<=�'` •
<br /> .. ]ttSpeMt ag } P �t p g _:,k s .,•< ..
<br /> �`` ` `"� Barrower notice at du tune of or priot to sn inspec.►ion specifying reasonable cause for the in,-pection. <,;`` �` `
<br /> __�'�.:Y. .. . <,••y_ . y ``.
<br /> ��.. ;. 10.Cond�tian.The proceed.c of any award or claim for damages.direc[or consequential. in connection with any ':;� ;.`�� : :{�.
<br />_—'_�. �CC�.4�;:-. .. r` t. .a`.'C,:. '.
<br />-- ' ' � ^ �.`°� • �` condcmmtiar►or other taking of any part�f the Property,or for cronveyance in lieu of rnndemnation,areliereby assigned and - ;:
<br /> � ,. �
<br /> � . r .`. _ ; shati be paid ta Lender. `_� ' , <
<br /> _ ...< ,�.��s� fn the eveat��f a totai taking of the Praperty.the proceeds shall be applied to Ihe sums secured by thi�Security Imtrument. �� ` ,.�µ_`
<br /> '<� �;°� whether or not thett dtte. with any excess paid to Borrower. In the e�+ent of a partial tal:ing of the Prnperty in which the fair � � �` '-�->
<br /> �, �` y `` market value of th�Property immediatcly before the taking is eyual to or greater t6an the amount of the snms secured by this � F'S t :,,
<br /> � ;, Security Insuument immediately before the taking.uutess Borrower and Lender otherwise agree in writiag.the swns secured by - �` :
<br /> ��� '` .. . Y.' this Security Instrument shall be reduced by the amaunt of the proceeds multiplied by the followiag fractio'n- lal the total � ' ti .
<br /> '� .- � ` :; azs�aunt of the sums secured immediately before the taking.divided by (b) the fa'sr market value of the Praperty immediatelY - `r
<br /> . Y . ._- ����`1
<br /> . .: r • -< befare the taking. My balance shall be paid to Borruwer. Tn the evem of a partial taking of the Property in whicb tfie fair �y "� � ��r:.
<br /> . -. s�{ `.,c..,��., meYliatet � . -
<br /> � - , market value of the Pro�rerty immediatety before the taking is lcss than the amount of the wms secured iT►L— y before the � ?t'. L ':_
<br /> � ` '�`, ,`u' taking.unless Borrower and L.ender atherwise agree in�vriang or unless apptirable law othenvise provides.the proceeds shall ��- ` , _ ° :
<br /> � �' b e a p p l i e d t o t A e s u m s s e c u r e d b y W i s 5 e c v r i ry Instrument wlsether or not the sums are then due_ •:5� :
<br /> � . �� _
<br /> ° If the Property is abandoned by Borrower,or if.after notice by Lender to Borrower that the condemnor offers to m a k e an V h
<br /> � :'` , :' _��F'� aw a r d or se t[l e a c l a i m f o r d a m a g e s. B o r r o w e r f a i l s t o r e s p o m i t o L.e n d e r w i t h i n 3 0 d a y s after the date the notice is g iven, �: e, .,:,°�,,
<br /> -��:=;.` , .�-� - Lender is authorized to collect and apply the proceeds.at its option,either to restorarion or repair of the Property or to the sums r _
<br /> � .� c.-.: ;_- a'� secured by this Security Insuvmeat.whether or not then due. � �'�_ :,
<br /> 'Y� �"' • � �� ` Ualess Lender and Borrower otherwise ag*ee in writi�g, any application of praceeds to principal s'hall not eatend or ;,c_..l •
<br /> � ���'�'ti � : � - postpone the due date of the monthly payments�eferred tn in paraSraPhs 1 and 2 or change the amount of such payments. ��.;.�.4°,':��,��.�-��
<br /> . .�.: , s; �.:.�;,.;:...,_�:
<br /> ,�.•.;' °`�.� 11.Borrower Not Released;Forbe,a�$nce By Leader No!a Watver.Extension of the time for paymem or modifcation _� ti;,,
<br /> ' �f, of amortizarion of the sums secured by this Security Instrumeat granted by Lender to any successor in imerest of Eorrower shall .-",�Y :E a
<br /> _�'_..:;- . g
<br /> ,; , �t not operate to relcase the liability uf the originai Bomower or Bomower's successo�s+n interest. I.ender st�al!aot be required to '.�_. L :.� _
<br /> '' comme�ee proceedings agaiiut a,�y successor in interest or refuse ta extend time for payment or otherwise madify amortization r�.
<br /> u
<br />' ��Y_.... ' _ ;". iL. -• ..
<br /> '�' . _ - of the sums secured by this Security Instrument by rrason of any demand made by ihe original Borrawer or Borrower s :. � .�."'•..�,:..
<br /> ra .;.�t-�".
<br />`' �•`y�' ' � ��`a successors in interest. My forbearance by Lender in exercising any right or remedy shall nat be a waiver of or preclade the t`4' ".�t:,:':�.�-.
<br /> ���.� �`�.�� .�, exercise of a�r rigirt or remedy. ��
<br /> '�.� + 12, Successors and Assigns Sound: Joint and Several Liabiltiy; Co-signeis. The covessatxs and agre�ments of this ' ���.�:
<br /> ;,; ` .. '
<br /> .j Security Instrument shall bind and benefit the successor�and assigns of Lender and Borrower, subject co the provisions of � ; >.r :
<br /> ,, ., r
<br /> �.,�r�`',.. :. .:` � , . paragraph 17. Borrower's covenants and agreements shall 6e joint and several. Any Bonower who co-signc this Security , _,, :
<br />- � -''� �� . Instrument but does not esecute the Note: (a) is co-signing this Security lnstrument o n ly to mortgage, grant an d convey i h a t . ��>:_?:_�``
<br /> �� :: . ., ;� r..
<br />-�-,.��.�- . - � . Borrower'�interest in the Property under the terms of this Security Instru�nent:(b)is aot person a l ly o b lig a t e d to pa y tlte sumc � � . �:.,
<br /> r secured by this Security Instn�ment:and(c)agrecs that I.ender aud any other Borrower may agree to extend,modify.forbear or ,� �
<br /> ,; . ' make any accommodations�vith regard to the terms of this Security Insuumeut or the Note without that Borrower s cansen� � f�:
<br /> .�.., :
<br /> °_;�-;�• .. • � 13,Loan Charges,If the luan secured by this Securiry lnstrument is subJect to a law which sets maaimum loan charges. : ,,,;, ;;;
<br /> ���;;�� ; � and that Taw is finally interpreted so that the interest or oiher loan charges callected or to be collected in cannection with the . ' ,:;{
<br /> �'`�'' � � loan excx�d the pertnitted limiu,tl�en: la>any such loan cbarge shall be reduced by the amount necessary to reduce the charge - �'�
<br /> :��.,';.. ' • ; ;:F
<br /> � : ���. � ,; to the permitted limit:and(b>any suras almady coltected from Borrower which exceeded pemutted limits will be refunded to
<br /> �.._:� •. ,�_�'�. r: Borrower. Lender may chaose to.make this refund by reducing the principal owed under the Note or by making a direct ;� �
<br /> �� �:�'� . pc►yment to Borrower. lf a refund reduces principal, the reduction will be treated as a partial prepayment without any • � �:' .=
<br /> �^��;�='�� �- "• � prepaymera charge under the Note. ': � '�'
<br /> '�•� . `. �� `� � ' 14.Notices.Any notice to Borrowet provided for ia this Security Instrument shall be given by delivering it or by mailing �: ��•,�. ;�`•�
<br /> '�'44:'._,.. . ,;•,•,`�.
<br /> � � . � • it by ftrst class mail unless applicable law requir�s use of anothcr method. The notice shall be directed to the Property Address �•. �� � �:�,. ..
<br /> 4�.'` � ". ` or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> �:��_"��•..,.�_ •
<br /> :r � Lender's address stated hcrein or any rnher address I.ender designates by notice to Barrower. Any notice provided for in this
<br /> ,v,:•;=.: . ` '� �
<br /> •.;.�.,.- � .' Security lnstrumeat shall be dcemed to have been given to Borrower or Lendcr when given as provided in this paragraph. '..,�'_ ....
<br /> °'� � • I5.Govemirtg La9r: 5everabil�tY• This Security Instrument shtill be govemed by federal law and the la�v of ths
<br /> ' "" � `��'��� , jurisdiction in wbich the Property is hx�ted. In the event that any�rovision or clause af this 5ecuriry Instrument ar the Note �
<br /> � . ' �� '� '` conflicts with applicable law.xueh cunflict shali not aifect other provisions of this Security Instrument or ehe Nate wt!ich ean be , . ., -
<br /> '"��'' ` • � � given effect without the conflicting provisian. 'I'o this end the provisians of this Security instrument and the Note are deelared ..
<br /> ?. '��, . �,a�:
<br /> ¢ �` � � to bc severable.
<br /> , r`•::�:,,•,. : 16.Bnrro�rer's Copy.Borrower shali be given eme canformed copy of the Note and of this Security Instrument. � -
<br /> � � . Fmm 3028 9/80 „
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