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<br /> paynicnts mc►y no IonIIer be eequirEd.at the option of I,ender. if mortgage in.surance covemge(in the amount and for the pedod
<br /> that i.endcr requjres)provided by an In4urer approved by Lender a�uin becomes available and ia obWned.Fsorro�ver shall pay �
<br /> tho premiums requlred to maintntn mort�age insurc�nse in et'fect.or to provid�a los�reserve.until the requirement for mortQage �
<br /> inw�rnttC�olu�a in nrcnxlnnrr.uri�n»��ya-itt�l+»no�»,w�,.;j�ru,«8�ftC'::�f a"fi3 i.C�naici vi dYNtfui`v�c 1avi. � _
<br /> 9. la9hsctton. Lender or its ugent muy make reasonnbie entrles apon nnd lnsgecttons of the Peopsrty. Lender ah�ll Bive �
<br /> �orrower naticc et the rir�e of or pr1Ur ta an inspectian sp�ifyft�g rersonable cnuss for the inspecdan. • � .
<br /> i�. ioa��n��i�►n. '�he pmceeds oi any nward or claim for demages,direct or cansequential, In conttection wlth uny
<br /> condemnatiun or other wkins of any part oP the Prc�perty.or for oonveyurtce in lieu of condemnation,are hereby assigned und �
<br /> shall be puid to i.ender.
<br /> In tho event of a total teking of the Property,the proceeds shall be applied to th�sums secured by this�ecudty Instn►ment.
<br /> ...��.�.�...�....a.._ ..�.L _ ---- .. .
<br /> ---_ ..._ . ••• .«y :.�woo pa,u�� u�uaiwci. iu uto ovcn�vi n panicci ttti�iub vi uce riupcnr ui wiucu uta iatr
<br /> masket valua of the Property immedl�tely hefora the taking is equal to or greater than ta►e tunount of the sum�secured by this
<br /> SecurIry Instrument immodiatety before the taking, unless Borrower snd I.ender otherwlse ngree In dvritin�,the sums secured by
<br /> this Securlty Iustrum�nt shell be reduced by the amount of the proceeds multiplied by the folluwiag fraction. (a) the total
<br /> cimouat of the swns seFUred immediutely before the talcing. divlderl by(b)the fair market vatue of the Property imme�iately
<br /> before tha taking. Any balaaa:shalt be paid to Horrower. In the event of a pardal taking of the Progerty in which the fair
<br /> market velue of the Property immediately before the taking is less than the amount of the sums secured immediately before the
<br /> taking, unless Borrawer and Lender othenvlse agree in wriHng or unleas appUcable law otherwlse pmvides,the proceeds shall
<br /> be applied to the swm,�•secured by this Secudty Instrument whetder or not the sums are then due.
<br /> If the Pmperiy ls ut�sudoc�ed by Bo�tower,Qr if,al3cr nadce by Lendes to�orro�yer thai the rnn�emn�►r offers to make an .
<br /> awatd or settle a claim for damages,Borrower fails to respond to Len�er within 30 days after the date the notice Is�tven,
<br /> Lendee is authorizal 4o collect and apply the proce�ds,at its a�irion.either to reswration or rpair of the Pcoperiy or to the swns
<br /> secured by thia Security.lnswment, whether or Aat then due.
<br /> Qnless Lender c�i Borrower otheiwIse agree in wdting, any appl�catIon of pmceeds w princi��al.�haU not extend or
<br /> postpone die due date�of the monthly payments referred to in paragraphs 1 and 2 or change the amount of sudh paymeats.
<br /> 11.Bore+�vrer leimt Released;Eai�Ueamuce By Lender Nc�i a Waiver.Extenston of tke time for payment or modifccadon
<br /> of amortizatlop Uf the sums seau�ad.by this Seturity Insuum�nt grauted by Lender w any su�cessor in interest of Borcower shall
<br /> aai operate to rel�$tt►e liabilIty off the orlginal Borrower or Borrower's sucoessors itt intemsi.L.ender shall aot be requined to
<br /> commence pmoeedic�,t3s against any;�uccessor in iaterest or refiise to extend dme for payment or otherwise modify acao�tization
<br /> of the sums secur�d.by this Sec�siity Instruraeat by reason of any dem�nd.made by the original Bortower or Borrower's
<br /> nu��v�s ia i�'�r..st. �uy fa��x !r;L.�dez�3u e.•�sn:*}ghr �r rP�y chali nc►:be a waiver of or pnclu�c the
<br />- exenise of any right az remedy. � - �
<br /> 12. S�accassosn.and Asslgns�Bound; doint and Severa4 Lia6ility; Co-sl8nere, The•caveaants and agc+eemc�;s of this
<br /> Security Insaument,s�lt bind and beaefic the successors aad assigns of Lender and Borrower, su��t,to the pro���ions of
<br /> paregcaph 17. Bormiv�r's covenanta and agree�anu shaU be joint and several. Atry Borroaer Whu:ochsigas this Security • t' � �
<br /> Insdum�►t but does'ao3 execute the Note:(a)is�co-signing this SecurIty Instrument only to�nprtgege, graat and canvey that
<br /> Bnrrower's interest in?he Property under tlte tem4s of ehis Security�nsuument; (b) is aoi�personall�dbli$ated W ptiy the sums
<br /> secured 6y this SecuAity Insuun►ent;and(c)agrces that Lender end atry other Borrower mtty b�tee to eaiieiid.mo�ify.fiirbear or
<br /> muke any axomm.ct�oQs adth regard to tha teims of this Seca�rity In�tmment or the Note without tl�i�Barrower's oonsent.
<br /> 13.Lo�n Chc�ag.If the loan secured by tlais Secudty Instrument is aubjracc to a law wluch set�ivaximum loan charges, •
<br /> and that law is finaUy intsipreted so that the interest or other loan c,harges collected or w be wUected in oonnecHon with the
<br /> loan eaeaed tke pern►itied limits.thEn:�a)any such loam charge shall he reduced by the amoum necessary to retiuce the charge
<br /> to the lsemutted ltmir�and(b)aay�sums already oollected frnm Borrower which excx�led pernutted Umits will be refutidal to
<br /> Borrower. Lender ina�t.choose to malce this refund by raducing the principal owed under the Note or by making a dirxx
<br /> payment to Bormwet. If a cefind teduoes prl�t�pal, the reduction will be treated as a partItil Pa�epaYatent withotit any
<br /> prepayment charge w�der the Note. �' �
<br /> �4.1�Tottces.Any notice to B�stower providcd far itt this Security Tnsuument shell be given by deliverit�g it or bY.mailing
<br /> it by�sst class maii�less applic�.,,TMle law requfras use of anott�sr mdhod. The notice shal!be dic�ected to the Pmpei�t.��[dress
<br /> or any ottter address•�crmwer des9gnstes by notice to I.ender. Any notioe to Lender shall be given by first clos�mail to
<br /> Lender's addr�ss steft�d�h�nein or any other address Lender designa�es by notit�g w Borrower. My notice pmvlded for in this .,
<br /> Sewrity Instiument shg1A iffu,deemed ro bave been given to Borraaer or Lender�vhea given as pmvi@ed ia this Farag�Ph• , �,�,;;;..;
<br /> IS.Go��eraiag I.�v�•�Seve�'�Slity. This Security Inst�ument s1�aaU bc govema�3�by federal law and tha law of tlne
<br /> jurlsdictton in wbich t�B�I�ogerty is laratod. In the event ti�at any provision or clause vf:this Security Instnwnent or the Note
<br /> oonfl[cts with applic�tslc:law�such eonflid shall uot affect other pmvisions of this Sewrity Instn�ment or the Note wluch ran be
<br /> given effect withuut tfiC•aamflicting provieion.'lb this end the provisions of Wis Secutity Instrucrceut.m.td.�the Note are declared
<br /> to be severeble. `
<br /> 16.Borrowe�s Cu�g,•-�airower sh�ll be given one oonformed oopy af the Note and af this Sacurlty Insaumem.
<br /> form 3023 8/80
<br /> Pepe 4 Of 8
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