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<br /> P�Y�nuy no lon�er ba roqui�od. at t!�aptlon of L.ader�if mnrtQ�pe iawn�u�oe covera�e(in th�f�bunt��od
<br /> tMt Laidet roquira)Provided by w iIlwrer�pprovod bY L.a�der�Bdn bxomes�v�ilablo md I�obWn�d.Borrnwar riul(p�Y
<br /> the proipfwp�tequ�rad w m�inuin mort�a inwrarke in effat�or w provide�los�rearve,until the raquira�er►t far moryyfp
<br /> lprwunoe ads in�000rcS�noe with�ny wdtta��raemant bdween Bormwer�nd L.rnder or applic�ble I�w.
<br /> �.InpeCtloi�.t,�ender or ih�gent m�y nWce reaw�uble emtla upon uid Impectionc of tho PiopeRy. L�ender dull�ive
<br /> Borwwer notia u the time of or prlor to an inspecdon�peciiyin��sonable awse for tha lncpoctlon.
<br /> Ip�COqda�tluo. The pmreedr of any�wud or claim for darttr��,airat or crmseyuentid,i� connection with �ny
<br /> ow�demnttion or other talcin�of any ptut oP the PropeRy.or for conveywnoe In liw of condemnuioa,ure hereby asai�nod and
<br /> tb�ll be paid to l.ender.
<br /> In tho event of�Wtwl taking of Nte Property.the procoeds�shhall bo applied to tho sums aecurcd by this Security Instn�ment.
<br /> whcther or not then due, with any eacess paid to Borrower. In thc event af A pattial taking of Iho Properry in which thc iair
<br /> market value of the Property imniodiately before tMe Wcing is eqwl to ot graiter then the amo�unt of the sume secured by this
<br /> Secudry Insu�ement irmiodisitely beCore tho taking,uniess itorrower and ix�ler aherwis�e�re�e in wriiwg.ih�:sumg secnteci by
<br /> thiz Socurity In�ment ah�tl be�eduood bp the amount af the proceeds multipliod by the foUowing frxtion: (a) the tot�i
<br /> amonot of the sunns sern�ecl imznediaiely befate the ls+kiug.dividad.by(b1 the fnir market v�lue uf the Property immediately
<br /> bei'orc tfie udcing. Ao�y.t�a➢ancc shal� bc;pa9d ta Botrowcr.lo t11e eveni of A oAniu� lal�ing af @,e Property in which the fair , • �
<br /> �v�lue of the p�ic�perty immadiatel�DefotK ihc taleing js,le.v.:.;�6�tu+il�e amoum af tl�e soms sec��red immediately befae the
<br /> .� .�. unk��&xrowcr and l�cnder otherwise agroe i�o writing ar anle�s app�icnb�e�ls�w athcnti�isr �avicfes.We pr0000ds shal! , , ,
<br /> be applied ta the sums aecured by�his Security lnstnrrae»�whett�er or not t�r�uis su'e�ttien due. �
<br /> ]f the Property•is abandonod by Borrower.or if,atter notico by l.ender to Borrower th�t the condernnor offe�s w make�n
<br /> awnrd or settle a claim for damages. Borrower fejla to respond to Lender wfthin 3U days after the date the notice is given.
<br /> I.ender je authorfzed to colloct and apply the pracoeds,at its option,either to rwtoration ar repair of�he Property or w the sumt
<br /> securod by this Secu�ity Instnimcnt,whethcr ar not lhen due.
<br /> Unless l.eider and Borrowar otherwihe agree ln writing, uny application of praceeds to principal shall not exlcnd or
<br /> postpone the due data of the mo�thly payments roferned to in para�{rAphs I and 2 or change the r+nxwM oP such payments.
<br /> ll.Borrower Not RelrACCdi Farbearance By I.ender Not A Woiver. Extcnsion of the time fi�r puyment or mudiflcetian
<br /> of amartizrtion of the suma si�curad by this Securiry Insttument{�rantod by l.ender to Any xuccex�►r in inleresl��f&�rn�wer ihell
<br /> not opemto to rcleafie thc liability c►f thc ariginul&irmwcr or Bc►rmwer'a surccssorx in intcreYt. I.endc�Khull not hc rcquiral to
<br /> cammence pr000aiin�s r+�uinw u�y sucresxnr in intercu ar rcfu�c ta extenJ timc for puyment ur ulherwir�e m��li`y wm►rliution
<br /> of!hc surru socurod by this Seru�ity Instrument by reasnn of wny dcirwnd mude by thc origirwl Bc�m►wcr ar Barrower'�
<br /> succasorR in intercst. Any forbearnnco by Lender in exercisinQ any riQht ar remody ehall not be A wwiver ui ar proclude the
<br /> e�cerclse of my rl�tht or remody.
<br /> 12. Sucoe�ors and As�d�tu Boundt Joiat And Severnl I.Ipbilityi Co-sigocr�. The covcnants and agreoments of thls
<br /> Security lnstrument sFw�l bind and benefit the sucoessors and assigns of Lendcr and Borrower, subjoct to �he pravisions of
<br /> Qarograph 17. Borrower's rnverunts and ogreements sf�all be joint and severel. Any Borrower who ca-sign4 this Socurity
<br /> Instrument but daes not execute the Natc: (a) is co-signing this Securfty Instrument anly to martgage, gront and convey that
<br /> Borrower's interest in tha Praperty under the tem�s of this Security Instrument; (b)is not persanally obligated to pay the sums
<br /> secured by this Security Instn�menr and(c)agrees that Lender and uny ather Borrower may agree to eatond,modify.Parbear or
<br /> moke any aocommodations with regard to the terms of this Sacurity Iagtrument or the Note without th�t Bacrower's cansent.
<br /> 13.l.oaa l;harges.If the loan secured by this Security Iagtrument ic subject to a law which sets maximum lonn chuges, _
<br /> and dutt law is finally interpreted so that the interest ar other loun charges wllected or to be rnllected in connection with the
<br /> lonn eac�d the permitted IimiGc.then:(n)any such loan churge shall be reduced by the amount necessary to reduce the ehar�e
<br /> to the permitted limit;and fb)any sums already collected from Borrower whkh exceeded permilted limita will be refunded to
<br /> Borrower. Lender may chaose to make this refund by reducing the principal owed umler the Nae ar hy making a direct
<br /> payment ta Borrower. If a refund reduces principal, the reduction will be treattxl a� a parti�l prepayment without eny
<br /> prepayment charge under the Note,
<br /> 14.Nodces.Any notice to Borrower provided for in this Securi�y Instrument ahnll be given by delivering it or by mailing
<br /> it by firat cless mail unless applicable law requirea use of unnther methad.The natice shall be directed to the Property Address
<br /> or any other address Borrower designates by notice to Lender. Any naice to Lencfer shull be given by tirst class mail tu
<br /> Lender's addreas stated hereln or any ather addrrss L.ender designutes by noiice to Borcower. Any notice pmvided for in this
<br /> Security Instrument shall be de�mal to have bcen given to Borrower or Lendcr whcn given w provided in this parograph.
<br /> 15.Governing Law; Severability. This Security Ins[rument shull i►e govcrned by federul luw und thc low of the
<br /> jarisdiction in which the Property is lacated. In the event that Any provision nr cluuse of this Security Instrument or the Note
<br /> rnn8icts with applicable law,sueh ccmflict shull nut al'fect ather pnn isi�►ns of this Security Instrument or the No�c which can be
<br /> given cifect without the conflicting pruvisiun. Ta this end the provi�i�ns of Ihis Serurity Instrument and the Note are declured
<br /> to be severable.
<br /> 16.Bon+nwer's Copy.Borrower shull hc given on�cuntiirniai rnpy of lhe Note and of this Securiry Instrun�ent.
<br /> Fo►m 3028 9/80
<br /> P�p�1 018
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