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<br /> � urunrc�Yivcru e(in thc umount und for the perfai �;
<br /> ' •• ' paymenta may na longer be rec{uireci.ut thc aptian of l.endcr. if mortgu�c inti B —__
<br /> � thnt l.cnder requires)pravided by un tnaurer upproved by l.endcr u�afn becomcs uviulablc und is obtulncd. Barrowcr shidl pay �.`
<br /> ° �, the prcmiums rcyuired lo maintnin mortguBe insurmtce tn etfcct.or to pruvidc u lms rcscrve, until the reyuircment for mart�oBc �+
<br /> • „ „ ` insurunce ends in Accordance with uny writteu ugreement bttween abrrower und I..ender or appUcAble law. _„_
<br />° 9. IatiRectinn. Lendet or ita U�ent mny mukc re;�sonablc cntrics upon und Insp.^.cdnna af th�:Praperty. l.endcr tihnll�ivc �;
<br /> �
<br /> �� 8anower natice ut the dme af or prlar ta un inspection spscifying repEOni►ble cnuse far thc fntipation. ___.
<br /> � . ° `� :.� 10.Cortdemnntlon. The proceedr of any uwurd or claim for damages, direct ar coi�tiequendal, in camicction wkl� any ��;�
<br /> � co�edemnation or ather taking of uny part o9'the Praperty.or tbr conveynnce in Iteu of condemnutiun. are hercby nssigncd und
<br /> . I��:,.
<br /> , � shuil be paid ta I.enJrr. '__-
<br /> • ._�.�� In the event of u totnt tnking of the Property,the procecds shall be upplicd to the Fums secured by this Security Instrument.
<br /> ,,r.=--=)� whether or not then due. with uny excess paid to bflrcawer. In the event af a purtisi tskin�of the Property 1n which thc fafr _
<br /> ����'� market v�lue of the Property immedlately before thc takins is equul to or grcatcr than the umnunt af the sums securcd by this _
<br /> .'_"""` � Secudty Instn►ment immedfateiy before the taking,unless 8oreowcr and Lender atherwise n�ree in writing.the sums secured by
<br /> - ¢ this Security Insteument shall be reducxd by the amount of the proceeds multiplied by the following fcuction: (u) the tatnl ____
<br /> ;;:. amount af the sums secured immediatety before the taking,divided by (b) the falr mnrket value of the Property immedlately _
<br /> •,� ` before the taking. Any balance shall be pald ta Borrawer. In the event of a parttal taking of the Property !n which the falr _
<br /> � ',�:. ' market value of the Praperty jmmediatcly before the taking is less than the amount of the�ums secured lmmediatnly before the
<br /> `� � taking. unless Horrawer and I.fnder atherwlse agree in writing or unless applicabla{uw otherwise provides, the proceeds shnll (�
<br /> . be applicd w the sums secured by this Security Instrument whethor or not the sums w�e then due. �
<br /> , ��,�t: If the Property is abandoned by Borrower,or if,after nutice by Lender to Horro�ver that the condemnor offers to muke an
<br /> � award ar settle a claim for damages, Bonower fails ta resRond to I.cndor withtn 30 days after the date the nottce is�iven. � —
<br /> ,i::��� ,
<br /> Ixnder is suthoriud to collect tu�d apply the proceeda,at ita aption.cithcr w reswration or repair of tae Property or to the sums .
<br /> ;�,,'t� �, secusa�by this Secudry Instruznent,whether ar not then�ue. —�
<br />?"4��,�;';;:' Unlcss l.ender and Barrower othenvise agree in writin£, any applicatjon of proaeecla to primcipal shall not extend or �v,„
<br /> �,•,;.::. , � :�'�
<br />,:;;li}tii}���,,' ;�, postpone the di�e date of the monthly payments referred to in paregraphs 1 and 2 or chnn�e theamoun�mf such payments.
<br /> :f," ,:�. ` 11.Borro�ver Not Released; �orheaTSUaoe�y I.erader 1Vot�Waive,r.Extenaion of the�me for payment or modification
<br /> .�, � "-:
<br /> ::-`��'��''" o'F nmortizat�on of the sums secured by t�is 5ecuriry Inst�ument granted by Lender to any sucassmr in intercwt of 63naower shall ,�.
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<br />;:.•�•,:,. not opernte to rclease thc liabiliry of the original Borrouvcr or 8orrower's successors in interest. Lender ahuli not be reyulred to
<br />. ;'�,..;,
<br /> ��` wmmenee proccedings against any successor in lnterest or r�'fuse to extend time for puyment or otherwise mod'+fy amortization
<br />-:'•t�,;_�:`.. of the sums secured by th�s Secudry inshvment by reuson of s�r►y demsnd made by the ori�lnal Borrower or Horrower's
<br />-=:+'�`';"' sucoessor� in interest. Any forbearance by Lender in exarcising any rtght or remedy shall not be a wniver of or pTeclude the —
<br />::-:�;�;?,,,.k cxercise of any right or remedy.
<br />:';�,:'�4 12. Sua�essors ana Assipp�s �ound: .ioini and �a.i�-�i :.i��::3ty; �u=..".'gst�. '!'!t�wy�nunts nn� agrrements of this ,
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<br /> ="'{.".`.`� Security rastrument shall birtd and benefit the sucassors end ussigns of I.cnder nnd Borrower.subject to the provfsions of
<br />=��`�9:>«� paragraph 17. Bonower's covenunta und agrcement� e�hall bc joint and several. Any Bor[ower who co-slgns this Secudry
<br /> =:=��i=-•�'s� Instcumcnt but does not execute the Notc: (n)la casi�ning thiR Securfty lnawment only to mortgnge, grunt and oanvey thflt
<br />.,,�,��k1�� Barmwer's interest in the Propecty under tho terms of thle Srcurlty Instrument:(b)is not personully obligated to pay the sums
<br /> ---L'r'-�� becurect by this Security Instrument;and(c)agrecs dint l.cndcr und any other Borrowcr mup agree to extend.modlfy.forbear or
<br /> ��``�`�`--� �muke uny nccomma�dnitonR witb n:Burd to the tenn�oP thie 5ecudty Instrumcnt or the Notc wlthout thut Horrowec'R consent.
<br /> �=����"�� 13.I.oan Cherge9. !f the loun Fecurcd by thie Seeudty Instrument is subJect to n law whtch setx maximum loan chnrgcs.
<br />' "?-,-;,,�� and thut law ia flnuily interpreted so thnt the interest oe other loun chruges collected or to be collected in connection with th� _
<br /> °'='�'� Ioan exceed the permitted limfta, then: (a)any such loun churge ahall be roduced by the umount necessFUy to reduse tl:e charge _
<br /> °��-°° to thc permitted limit;nrtd(b)any suma ulready collected fwm Borrower which exoeeded perm(tted limits wi{i be refunded to
<br /> Borrower. Lender may choc�se to make this refund by reducing the pr�ncipal owod under thc Note or by makMg a direct _
<br /> �`°"a" �- payme�it W Borrower. If n refund mduces princlpul. the reducdon will be treuted ns a partia! prepayment without nny
<br /> � pmpayment charge under the Note.
<br /> - -�� �-�� 14.Notte.es.Any nottce to Borrower provided for in thia Se.curity In�tcurcient shnll be given by delivering it or by mc+ilins _
<br /> tt by first class mail unlcss appiicuble law requires use of another method.The noticc shall be directed to the Property Ad�ress
<br /> _- - --— or ar►y other addres.g }8orrower designutes by notice to Lender. Any nottce to Lender shall be given by first elass mail eo
<br /> — Lender's address statod herein or any osher addre.�ss I.ender designates by notice to Borro�ver. Any notice providod far in this
<br /> __
<br /> --� 5aeurity Instrument shall be deemed to have been given to Borrower or Lender when�iven as pr�vicieci in this pfitagraph.
<br /> -°` '-- 1S.Governtng Law; Scverubility. This Securiay I�nsm�ment shall be govemed by federal Istiv sutd the Inw of tlze
<br /> __ -��:_� judsdlictlon!n which the Propert�►is located. In the event ti�at uny pruvlsion or cl�use of dds Sauriry Instrument or thc Note `.
<br />___ contlicta with applicable Iaw.eucfi amflict shall not aftect other pr�ovisions of this Security Instruuient ur liee Note whtch crm bc
<br /> _——= given eifect without the conflictin�provision.To this end the provisIons of thia Securiry Instrument tutd the Note are declured
<br />-- _�=.--�� to be severnbie. —
<br /> '";�'��� 16.Borr+ower's Copy. Borcower sh�ll b�given one conformed copy of the Note artd of this Secudry Inswment. _
<br /> ''i�°��':T Fonro 3028 9l80
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