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<br /> p,�yp�qipr no loa�er bs roquirod�at�be optlun of I.atder.iI m�yqe lnwnnpe oovtr�(a tlw Nnouat �fe period
<br /> tht 4e�rlr nyuira)Pror'ided by an inwrcr appn�ved by l.eoder a�in beoon�e�wailable�nd i�obWned.Bonrwrer�b�ll pRY
<br /> �y praaoiwrr reyuired to irriaWn mat{�e ioMU�nos in a[f��a w p'pvlde a low re�va�ur►til the requiraneot 1ar moet��e .
<br /> iiwnnce nds fn+�omr�rae w�ith�ny wnitten a�r�t bat�roen Harow�r aad IsadK or�ppllabb 4w.
<br /> !.i�p�etkw. La�der or in a�ent nyy arlm reronbk eatrie�upoo aod Inrpectiom ot the Property. l,ando�'�h�l1�ve
<br /> Borrowu notla�t the Umo uf a prior w an iaspection rpecifYi�t r�+�o�bb c�we ibr We inpection.
<br /> - l�.Coni�Mlo�.The qooeeds of�ny awacd or cWm for d�no�as.diroct or ooa�equentW�in�nauiectian with any
<br /> oa�denuwtion or other Wciu� of wy put of�hc Property.or tor oonveyaao�in liw ol 000d�awtloa.�no 6enby r�ned aad
<br /> - - --�-----� �hrU bo pid to I.enda.
<br /> In the event of�totoi Wcin�of the Propetty.the prooeed��b�ll be applied w the wm��ecurod by thi�Sewrity Inwment.
<br /> wF�ethsr or not then due, with u►y excas p�id to Borrowa'• 1n the e„eat of a p�riial trkirK of the Propaty In which the fd�
<br /> m�u{�et v�lue of the Property immodi�tely bet�x�c tbe ukin� u eq�ul W or jiater ti�n the�mount of"the auns�ea�red by ttds
<br /> Security Imtrument immediatdy bafoc�e the t�ny.unlas Borrower ed I.ender dhenviae a�roe in w�itln�,tbe wms�xured by
<br /> thls Sonrtity Iiutrumeat shiJl be reduoed by the �rt�aunt of the praeeds aiultipliod by tbe fdlov►�n� fr�cxjat: (a)the total
<br /> �rnount of the a�unc secured immediuely beforc the Wdn�. dividat by �tr) the fatr morket vAlue ot'the Pnoperty ia�mediately
<br /> betore the t�kin�. Any balanoe shall be qid to Hurrowa. In the evmt of�prctW takin� of ihe Pmpaty in whkh the f�ir
<br /> — market v�lue of the P�+npe�ty immediuely befoc�e the tal�ng is le�s thm the anwunt ot the:wne�xurod imroedl�cely beforc tLe
<br /> Wcing, unlas Borrower and Lender otiierwise agroe in wdtin�or unl�c appiicabk law otherwise provlda. the procoods�aU
<br /> be applied to the sums ucured by thi�Socurity Itawment whether or not the wms are ttx�due.
<br /> If the Property is�b�rdoned by Borrower.or if.after notice by L,ender to Borrower th�t the oo�daruar offers w nWce au
<br /> �ward or satle a cl�lm for damages. Aorrower fdis w respotd to Lender within 30 dtys after the date the notla is �ivat,
<br /> - Lender is suthorized to collxt and apply the procbods,�t its option.eitt�u to ratoration or rop�ir of the Pmperty or W the wms
<br /> xcurod by this Socu�ty Instrument.w•hether or not then due.
<br /> Untess Le►xler u�d Borrower otherwise agree in writing, any application of proceods to principal shall not exwd or
<br /> postpone tix due datc of the monthly payments referrmd to in parA�rrphs l ond 2 or change the acno�nt of such psyments.
<br /> !1.Borrower Not Rekarcd; Forbearance By l.a►der Not a WWva.Extension of thc time for payment or modification
<br /> of amortization of the sums sdcurod by this Secu�ity Instrument granted by Lender to�ny wccessor in intcerest of Bomnwer ahall
<br /> not operate to release the liability of the orlginal Bormwer or BorrowePs successors in intetest. Lender ah�ll not be roqvtred to
<br /> commencc proceedings against any successor in intercst or refuse to extend time for payment or otlxrwise modify amo�ion
<br /> - of the sums secured by this Secudty Instrument by rcason of any dert�nd made by the ariginal Borrower or Borrowa's
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<br /> successors in interest. Any forbwr�t�ce by Lender in oxercisinQ uny right or remedy shall not be a waiver of or pnxlude the
<br /> -� _ exercise of any right or remody.
<br /> I . r••�;�,.� �.. 12. Successors and AsslQns Bound; Joint nnd Several Lisibility; Go-tt�ners. The covenartts and agroements oi this
<br /> � Security Instniment sh�ll bind and benefit the successors :uid assigns of L.ender and Bonower. subjoct to the provisions of
<br /> 1 '�',;'�i�, � paragraph 17. Borrower's covenunts and agrcements shall be joint and severul. Any Borrower who co-sigi�.s this Security
<br /> '.� . ,�,�
<br /> � ,�,��.,r::�•� ,, , Instrument but does not execute the Note: (a) ic co-signing this Security lnstrument only to mortgage. grant and convey that
<br /> �`;''�"'}'"'''•- �=�1 Borrower's interest in the Property under thc tenns of this Security Instrument:(b)is not personally obligated to pay the sums
<br /> �,;•.,, ,.. ..
<br /> • ''� secured by this Security Instrument;u�xl(c)agrc�es that Lender and any other Borrower may agroe to extend. , o or
<br /> '� ;a�c,�a�4i�Y muke any uccommodations with rcsa�d to the tcrmti uf this Security Instrument or the Note without that Borrower's consent.
<br /> � � . ' • '.: ' 13.LoAn Charges.if the loan securcJ by thi, Security Instrument is�ubject to a Iaw which sets maximum loan charges,
<br /> "'""'�`''�"--"'`"'° und thut law is finally interpret��d u� that the interest or cxher loan char�es cullextod or to be collected in connection with the
<br /> - l+lt�'• .� ��'_. L.
<br /> . , f;,.� loan exceecl the permitted limits,then: lul uny tiuch loan charge shull bc redureci by the umount necessary to raiuce the charge
<br /> � • to the permitted limit; a�ui Ih)any sumti ulre•rJy rollectuf from Borrowcr which exceeded permitted limits will be refundad to
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<br /> , -� Borrowcr. Lcndcr may cha�x c�� makc thiti rcfund hy rcducin� the principat oweci undcr thc Notc or by making a dir�xt
<br /> � . puyment to Borcower. If a refund reduce� priuripal, the reduction will be trcuted us a partiul prepayment without uny
<br /> ,...."-''�' '`; . prepsyn�ent char�;c under the Natc.
<br /> , 14.Notic�. Anv noticc to Burrowcr pruviJrd f'or in this Scrurity Instrument,hall bc given by dclivering it or by mailing
<br /> ' it by first class mail unlesti•rpplicable law reyuire�ux uf another nx:thoci.The nuti.e�hsll be directed to the Property Address
<br /> :,, or •rny othcr uddrctiti &irrawcr Jrsignatr+ by notirr to Lrndcr. Any n�nirc to L.rndcr xhall bc givcn by first cluss mail to
<br /> "" ,'� •. ' � Lender's addre., �tatrd hcrcin ur uny othcr addr��s I.cndcr Jc.ignatc. by noticr to&�rrower. Any notire providal fi�r in this
<br /> - '� '�; Security instrunknt sliall bc dcemed tu huvc txcn givcn to&�rrowcr or Lrndcr whcn given��pmvidcd in this paragraph.
<br /> �"��'" 15.Govcrnin� Law; �vcrsibility. Thi, Scrurity In�trumcnt tihall be gov�rncd by fulcr•rl Isw und thc law of the
<br /> - _ �'-�'�' jurisdiction in which thr PruExrty i+ lcxated. In the cvcnt that �ny pravisiun��r rluuse o!'tLis S��urity hi.trwuCUt ur tlie Nute
<br /> ` ��. ` contl icts with applirahlc luw, wch conflict.liall nnt:d'fcct��thcr pruvitiicins of thi�Sccuriry Instrumcnt or thc Notc which can bc
<br /> � �•��" � given effect withuut the ccmtlicting pr��vision. Tu this cnJ the pn�visi�ms of thiti Srcurity Instrum�nt und the Note are declurcd
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<br /> . • . ro be sevcrable.
<br /> Ib.Borrower's Cop3•. &rrruwer shall tk given unc cuntiirtncJ���py of thr i�utc und uf thiti Sccurity Inst�umcnt.
<br /> � � � , Fotm 3028 8/80
<br /> - , � Pr�n 4 ot 6
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