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<br /> � � psyments mny no lonIIer bc rcquired,nt the aption of l.ender,if mortgn�e insur�nce covera�e(in the nmaunt und for the Rerlod " �
<br /> th�t Lende� requirea)provldcd by an lnsurer opprovcd by Lender a�uin becomes uvnilRblc nnd is obtained.Borro�ver shall pay �
<br /> �� � the premiums required to maintnfn rnartEnIIe insurnnce in effict.or tfl provide u loss reserve,until the requirement for mortBaIIe
<br /> � j inouraice enda in ucec�rdnnce with c+ny wriaen npreemense between Borrower und l.ender ar applicuble law.
<br /> � 9.Ie�.v�txtidon. Lender or lta a�ent mny mnke rensonuble entrles ugan and insp�ctlans of the Pcogeay. I.e�der shatl give �
<br /> ' � Borrotver notice nt the ttme of or prior to an inspection specifying tensan�ble cnuse for the inapection. o ;�
<br /> � 10. Conde��na4lon.The procceda at uny uwtud or claim for damnges, direct ar consequenttal, in connecti�n with aa,y �
<br /> � ", � eondemnation or other tukinII of any p.�+re of tQ�o Property, or for conveytuice ii� Iteu af condcumatlon, are hereby assigned and �"�
<br /> ._ 1 shall b$pnid ro Lender. � °
<br /> — In the event of a total tutcinB of the Fropsrty,tho proceed3 ahall be Applied to the sums secured by this Security Instniment. n
<br /> � `'' � � whether or not then due. wlth any excess paid to Borrower.ln the event af a pactial takinB of tha Prop�rry in which the fair � ,
<br /> � market vnlue of the Prop$rty immediutely befare thc tlking is equal to or greuter than the amaunt af the sums secured by this
<br /> � Sscurlty Instnunent immedlately before the taklna. unless Eocrower aad Lender othanvlse ugree in wdtinII,the sums secured by
<br /> 1 tdiA Secudty Instrumeat ahall be reduced by the amount of the proceeds multiplicd by the foilowing fsactioa: (a) the total
<br /> i;
<br /> � ' uix►ow►t of the sums secured immediately bisfom the talcing.divided by(b)the fair inarket value of the Property immediately
<br /> ' before the tnktng. My b�lanc�shall be paid to Borrower. In the event of a partial taklnII of the Propetty in which the fnir ,
<br /> � mntket value of the Property immedlntely before the wlcing ls lcss tt►an the amount of the swns secured immedtately before the
<br /> � taking�nnleag Borrower and Lender othen4lse agree!n writing or unless opplicablo law otberwise providcs, che prec�ds shali
<br /> . be upplied to the sums secured by this Securtty Instn�ment wbether or not the sums are then due. _
<br /> • . If the Prc►psrty is aba�ulonzd by Barmwer,or if,after noti�:e by Lender to Bomowor that the coademnor offers to m�lce an
<br /> � . awsud or settle a claim for damages, �iorrower fails to respoad to Lender wlth�► 30 days u4tar the date the no�to the su lma �
<br /> �
<br /> `•' ' Lender is authorized w collect ead apply the pmce�ds,at ita option.either to mstorntion or repss[r of the Property
<br /> � � secured by thia Se�uriry Iastrument.whetber or not then due.
<br /> Unless Lender and Borrower othenvlse agree i� u+rltin8, a�►Y applicaticsn of proceeda to prtnciga!sTA�I� aot extend or
<br /> . gostpone the due dute of tha monthly paymeats referred to in paragraphs 1 and 2 or change the araount of suc➢n g�avments.
<br /> � � 11.�arnvwee Plo3 Releused; Forbearunce By Leader Not r,O�+a[ver.Extension of the t�me for paymenz ot modlficatIon •
<br /> -- ' of amortizatioa of the sums securqd by this Securtty lnstrument gr�atcd by I.ender to aay successor in intereat mf Borrower shall �;;
<br /> . �� not operate to c+elense the liabitity af the odginal Bnrroaer or Bosrower's auccessors in Iateresc.Lender shal➢wv1 be required to
<br /> . commence pmceedings against anY succersor in Intetess or refuse ca extend time for payment or otherwise auofli�fy amortizadon _
<br /> " � of the aun�s secuted by this Security Instrument by reason of any demand made by the odQinal Horrower or Bonoaer's
<br /> � � ` successors in interest.Any forbearanoe 4►y Lender in eaercisiug any dght ot remedy shaU not be a waiver of or preclude the
<br /> ;`%i:;�i. . �xercise of any right or remedy.
<br /> . '�.;� . 12. Successors ans�Asslgns Bonad; JalnA un�f Severnl Liabtl[ty; Co-slgner�. The coveaants and agrecments of this
<br /> C:.�:::
<br /> � . . ' � � ��cw3ty InA�t z u m e n t e h a l l bind aad benefic tha sucoessora end ossigas of Lender and Borrower, eub�ect tc� the p�roviatona of 44;�_"'
<br /> � '.� ' paragraph 17. Eorrower's covenants and agrccmeats ehall be joint aad severtll. Any Borrower who co-si�ns this Security --•
<br /> ':1;;,�' ': r l ����
<br /> ";��:�;1jar �; tnauumeaz�ut does noi ezecute the Nate:(a)is w•signing this Secutlry Iastrument only to mortgage. grant and convcy ttsat
<br /> �I.,� Borrower's b:�t�ereat ia the Praperty unde•r thQ tamas of thia Securiey 9z��ttument;(b) Is aot persan�Dly obligatcd to pay tb$surns
<br /> ���� secured by Wia Securiry Insnvment;aud(c)agrees thnt Lendee and nny ather Sormwer muy agr�to extend.saodify.for�es���T
<br /> ' ' nmke any aecommodadons w;th regc+rd to the terma af this Securiry Inetiument or ths Note without that Botro�+er's consent. :
<br /> + 13.Loun Charges.if t�e loan secure� by thie Securicy Instrument is subJact to a luw which sets maximum lonn charges, I_,
<br /> und that luw ia Mally iaterpreted so that the interest or other loan chasrges collect�d or to be collected in eonttection wtth tB�e
<br /> ,;: , '; Ionn exceed the perndtted limita, then: (a)any such loan charge shril9 be reduced by t6e acnouut necessary to mduce the ch�;e � _
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<br /> : ,,,�' . y to t he pe r m[tt e d t i m{t;au d(b)a n y a u m s e l r e a d y r.o l l e c t e d f ro m B o m o w e r w hi ch exceeded p erraitted limita v+ill be refhnc7erl to F
<br /> - � Borrowor. Lender may chaase to mnke thta refund by reducing the prUactpt�l owed under the Note or by maki�a�a direct E-:.
<br /> "� ' '� '" payment to Bom�wee. Hf a rethad reduoes principal. tho reductlon will be tceated as a partial prepayment without any f.'"-
<br /> - � pre�s�ymont charge nnfl�r the Note. _
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<br /> ' "� 14.NutEc¢s.A�+aodce to Borro�v�provided for in this Sact�r�ry Instrument shall be given by delivering it or by�aaillbg _
<br /> � � : it by first clas.9 mafil unless applicable Yaer•requires use of another method. The aotice shall0e d3rected to the Pcoperty A�3ress . .
<br /> • � � � or nny other address Borrower designates by notice to Leader. Aay aotice to Lender shall he given by first cless mail to �� .l
<br /> � Lender's addness atated her�eiA or any ott6eer address Leader designates by aotice to Borrower. Aay aotice�ar�ovided for in thls ���=:�•:
<br /> - •�•�• • '� ' Secu�icv Inatniaient shall be decrt�cd to have bceu glven to Borrower or Lender when given as provided ia this pAragraph. � '�?�
<br /> ' � ' � . IS.Gc►vernlc�g I.e�v, Severnbiltty. 'I'ttis Secunty Insa�ent shalt be goverued by f�utai iaw auJ t{�e law u�tlic
<br /> - . . -� ' jurlsdiction in whtch the Prapercy is located.In che event that any pmvisian ur clause of this Sccudty Instrua►ent or the Note
<br /> �.. . ` conflicts�v�th upplicable law.such contlia shall ani n'Ffxt other provisions of e.�his Security Iusaument or the Plote which can be ;•;.
<br /> •� given affea without the oonflicting provision.To this end thc provisions of e��s��curity Iasuament and tA�fV�ie ure dectared ��.,�
<br /> to be saverable. � �
<br /> , 16.h3aaao�vear's Copy. Borro�ver sha11 be$ivcn one confor�x�copy of the Note and of this Securiry Inauumem.
<br /> Form 3028 8/80
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