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<br /> u�y 1�lc�er�1E teQai�od.�t QIC tip�t10i1 Of I�eodes.if mott�a Itpu�ooe oove�e�a►-t�e a�a�u�t' a�p�od� `
<br /> , ddt. `Imder �)lx�'ided bS?�m�a�pcvvad�r t.a�1��Q beo�000ea�'lab�aod is ab�tainod.�or�!Ya sh�t R�9 . ` .
<br /> . t� w ad�inhin mortg�e insataoea in•.e�'�t,or ta prcvide=loss iasave,a�til the i�equ�manttor rool�e .
<br /> � � �i�n�ooa ads�aoaoc�lo�auh a�►�rimd�igoema�t 6�Hoimwer an¢,I�eader t�r ap�i�ble`IavP: ' � ',
<br /> � !�Lsuder flr its agent�y�loe t+a�Eat�es apon ard in�ecx�ss�of the,P�opec[q..�Leedes shall gtva �
<br /> Hurmrr�r n�ce at the time of or pci�m�i�spection spa�fjnr�g nrason�ble caase for tbe it�oaion. � <
<br /> � . lf.Corie�uWio�.The pioeceds of ury awatd.�claim for da�:,ditect or o�s�al, in connecxioa with aay
<br /> � ao�mlion oe`dh�t�flg ofsu��t ofi�e Fcc�atY��r fc�E a��rtyanoc ia�.of�is►n.are�as�8�� . ,
<br /> sh�l!6e piid W L�pider.`- . � ` , � . � . - - � t .
<br /> - �In t6e evatg ota t��8���Y•the proceods shall be applied ta tbe sums secv�+ed by tLis Seqirity tabsamwf, .
<br /> wl�a or nat mea doe,wRh atty txass paid oo Bozmwer.Iq tbe eveat of a p�rtial taidng of the Ppopeety�in w6ich tLe�is
<br /> m�daet valat of tLe�+ciQaty immedi�ely bet'c�a We�is`equ�l w or grrata t�n tLe amo�t of the sums saaued 6y this
<br /> • Securiry�nmmedi�tely befoce 36c riting;uotess��wa aad Irlder utbeewise ag�ee in�cvritiAg,t6e sams sa�ed.by
<br /> � d�s Sewrity b�nana�t sball be rodoced try the�of tlie grumed4�itipiiod by the fotlowing ftacd'on: (a)tht�ohl '
<br /> amwat of tLe sums se�sed i�edutety beEoi+e tLe talcing,divided by(b)the fair market val�e af tbe Pmpertyi�od�Ody .
<br /> before tbe tal�g. My bal�ce si�lt 6e paid to Borrovvu. In the evau of a pactiat taicing of du Prnpaty i�wDie6 tbe fair
<br /> �vsWe of tha Piapat�iuunediaoety befon the taldng is lesg t�n ttse amouat of tbe sums sec�ued i�ety 6efone tbe
<br /> --. � talaSns,ank�s B�o�euwer aad 7�erder otbecvvlse agioe irt airiting ot aNass applirable law adieiwise provides.tbe pmceeds s6tA.�
<br /> 6e npplied w the au�s�cured bY this Seairiry L�Stnanait wfutt�er or rot die svms a�e t6m daa � '
<br /> - If tUe Ptopeaty�S abandonod by Botrawer,or iF aRa notict by I.e�der w Borrawei tdat the o�demAOr offeES ta ut�ice au
<br />=_= ` Awacd ar setde a dsim f�'da�g�es,Bormwer faiLi ro nspond to I.enda arit6in 30 days after the date tbe notia is giv�,.
<br /> . I.tndet is aut6orized to mlled aad aQply the pr�eoeeds.aE its�ption,e�tbet w nstoration oc n.pair of�Prcf�x�ty,Qt to tl�e swas
<br /> ' s�Iry t6is Sxuttty I�nmteot,wfieNwz or not Wen due. ' � ' ` � :
<br /> Unlas I.e�der an� Harower athe�wise agt�ee ip writing.au�► aPPlii�tion of p�oaeeds w ptincipal s1aU mE extend or
<br /> = pc�stpune the duc date of tLe inarahly pa►yments nfeired w•in para�1 and 2 or cbaage the mnau�t of snch paymaus. •
<br />°z�� 11.Borirower Nat Rde�e�F�bditanoe BY I.mder Not a Wafva:Extensioa of the tirii�e fos paymmt or ux�fu�tioa
<br /> � - of amurti�on oTtLe sums sxured by tAis�rIty►laetcame�gr�text by Lender to auyswoeasornr�ese of•Bort�ewee sl�d�
<br /> not ope�ate to release tNe liability of tbe original Borrower or Borrowa's sucoessor�in interest.I.endtr shaU aot 6e required to ,
<br /> . �P���Y�r in interest or refuse ta e�teod 6me for p�ymau or��nodify amortiTation �
<br />->=� of tbe snms sxustd by tbis Savrity Iasan�t by te�sai►.of any demand uiade by the otigi�l Bormaa ar BarroRret's
<br /> - s�ooe.swrs ln iaterest. My forbeararnce by L�ender in exe�imig any rigbt or t+eemedy shall nat be a aa'iver of or pcociode tbe
<br /> _ eaencise of a�r sight or iar�ody. � . .
<br /> 12. S000e�ota and A�st�na 8oa�d:.lo�t and Sevaal Ib�IitY+Co-st�as. The ooveaaats a�W�+eements of this
<br /> Sewtity I�ttwi�an slqU biad and baiefit the suooessots and assigng of Lender aed Bormwer. subjoct to ihe pmvisIons af
<br />^:' - ` pat�apb I�. Bormwu's cove�ts �d agne►n�ts simll be jotnt and several. My Bottuwer who co-sig�s dris Sewrity
<br />°-=� bu�munt�daes eot'exavte the Nota: (a)Is ca-sigaing thia Secority Ta�mu�aaiy w mortgage.8raat md wmey d�at
<br /> Bomower's intenst in the Property under.ihe term4 of this Saurity Instrumem;(b)is not personally obligatod to pay the sna�s , �
<br /> ' saural isy this Security Last�ment:and(c)a8rees that Lendcr and any od�er Bomower may agreE to eateAd,modifY�farDrar or �-
<br /> -- � make mry a000mmodations with n$atd w d�e temu of this Sec�sity Insaumem ar the Note arithout that Botmwer's Cut�seat. e„__
<br /> - 13.Lo�a Charges.lf the loan secur�d by this Socnrity Insaiunent is subject to a law whicd sets ma�cimum toan charges. �� _
<br /> ' md that law is fu�aUy interpreted so that the iMerest ar otha loan charges coriected or w be catJected in connectian wit6 the __-
<br /> _- lou�exaod the pemiitted limits.then: (a)a�ry such taan charge shall be reducod by the amount neoessaty to redua the charge —=-
<br /> :�' ' to the permiaed lhnit;and(b)anY sumc already'coltected fmm Borrower whieh exoeCdod permitted liraiu will tre t+efunded to ==-__-
<br /> � � .��- . Barrower. Lender may c6aose to makc this nfund by reducing the principal owed under thc Notc ar by malaAg a dimt ''=_�_
<br />. " y?iYU'�i.=. �+-nr�.:
<br /> • �,, paymmt to Horrower. If a refund cedt�ces principal. the reductian will be treatod a4 a partial preQayme�tt without a�ry.
<br /> � .�`�-. � under the Note. .•:';-�
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<br /> •�'• 14.NotkYS:Any notice ta Borrawer provtded.f�r in this SOcurity In.ctrument shali be siven by delivcring it or by mailing =_
<br /> "'.�`�t '�°�` it by first class mail unless applIcable law_requires use of andher method.The notice siwl!be directed W tbe Property Address =_
<br /> . ,_..�:-:4. or any other address,Borrower designates by naticc to L�der. Amr noticc to Lencicr shall be givea by first cla� mail to __
<br /> •� f`���� I,ender's addcess statod hereln or any ather addresa I..ender designates by ratice ur Borrowcr. any natue providad for in this` - _
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<br />-- '�� Security lnstrument shall be deemecf to hape been given to Borrawer ar l.ender when given as pmvidod in this paragraph. - � .
<br />-'= +�;:;��''' 13.Corerning Law: 3even�billty. Th� Security lnstruinent shall be governed by federal 1aw and the law of the
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<br /> � ' jur�sdlet�on In which the Ptaperty is located. In the event that am provisIon��r clause of this Security (nsttument or the Note �
<br /> �- ...;;�''�` � ' contlicts with appHcabte law,such canflict sMafl nut affect other provisio�af this Security lnstrument or the Note which can be , .
<br /> ' ��"` "�'�. given effect without the o�nflictit�g provisian. To this end the provisions af this Security Instrument and the Note are declared `
<br /> •�' '�,- W be severabte. . , • ` :
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<br /> ,.�..':. 16.Bornuwer's Copy.Borrower sha116e given one wnforn�ed�py af the Note and of this Securiry Instiumem.
<br /> �•;r't, .
<br /> ;. '�:.;- form 302A 8/80 .
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