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<br /> �:��_ ,- - �ayrr�nW r���y t►o louger ba requirod.et the opilon of I..ender. if m�odgage�nsurance coverage(in tlie aux�»ut�,�d for thc�1ad
<br /> that Lender ciequires)pmvided by an insuar approved by Lender again becbmes available and ia o6talnod.Barrowec shall pay
<br /> � the premi�ms required to mAintain mortgage inaumnc�e jn effect,or to pmvlde a losa reserve.uaUl,tho requiren�ent for mortgage
<br /> lnsurance ends ia accordanca wlth any wrftten agceement ke.tween Borrawer nnd l.er►der or appticable law.
<br /> 9.Inspoctlon.i.ender or its agent may make res�sonable entriea upan and lnspecdons of the Property. Lender shall gtvc
<br /> , Barrower nottce at the tlme of or prtor to an tnsprxtlon speclfying reasonable cause for the inspecdon.
<br /> 10.Condemnadon.The proceeds of any awerd or claim for ds�mages. dirut ar canseyuentlal, !n connecdon with any
<br /> -�--=� condemnation or other ttikins of any part af the Pcoperty. or for conveyance in lie�i af condemnadon,are hereby assigned nnd __
<br /> ahall be paid ta Lender.
<br /> In the event of a totel taking of thB Pmperty,the proceEds ahail be applled to the sums secu�ed by this 5ecurity fnstniment.
<br /> • whethcr or not then due, with eny excess paid to Borrower. In the event of a partisl teking of thc Pmperty in wbich the faic
<br /> � � market value af the Property immed{ately before the taking is equal to or greater thari the amount of the sums secured by this
<br /> � ' Securiry Insuument immediately before the teking, unl�s Borrower and Lend�r atherwise agree in writing.the suma secured by
<br />- this Secudty Insuument shall be reduced by the amount of the pracceds multiplled by the following fractton: (a) the total
<br /> - v d b b the fNr market value of the Pro fmmediatel
<br /> 6cfora the takin dt i ed ( ) t'tY Y
<br /> I amount of thB sums se�nred immediatel g. Y Pe
<br /> �; Y
<br /> j before the teking. Any balance sha11 be paid to Borrowcr.In ihe ovent of a partisl taking of the Properry in which the fair
<br /> �' � market valuc of the Property immedtately before the taking is lcss than the amaunt of the suma secured lmmediately before the
<br /> ��� taktng, unless Borrower and Lender othorwise agree in wridng or unless applicable law otherwise provldes,the proceeds shal!
<br /> • ;•t-a�4
<br /> � ��;�`"' be applied to the sums secured by this Secudry Instrument whethcr or not the sums are then due.
<br /> �, . ���'- . If the Property is abandoned by Horrawer.or if.after notice by L.ender to Borrower that the candenu�or offers to make an
<br /> ;��..,.,,. - • award ar scttic a claim for damagcs. BurrowCr fuila iv t��nsini tu I.e�td�i wfihi�3t3 days altcr iha datc thc notEce 1° S��'ea. - •
<br /> � �. .,;. y t.'� �LL��ti� I.ender is author�zed to collect and apply the proceeds, at its opdon.either to restoratton or repair of the Property or to the sums
<br /> �„ � • ' '` secured by thls Securiry Instrument,whether or not then due.
<br /> � Unless L.ender and Borrower otherwise a�rec in writing,any applicution of proceeds to pri�olpal shall not extend or
<br /> .Y'�` � � ' ,, ���,.� postpone the due date af the manthly payments referred to in parasrnphs 1 and 2 or change the amount of such payments.
<br /> .�. .�, .. '_'�'
<br /> : .� 7 ll.Borrower N�t Released;Forbearance By I.ender Not a Waiver.Extensiori of tho time for payment or modificatton
<br /> .' .. �� of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shaU
<br /> „ .. not operate to relcasc the liability of the original Botrower or Borrower's successors in interest. Lender shall not be required to -'"'
<br /> � " commence procr.edings against any successor in intemst ar refuse to extend time for payment or otherwise modify amortization --
<br /> , of the sums secured by th{s Security [nstrument by rcason of any demand made by the od�inal Borrower or Bonower's —
<br /> ° successors in 3nterest. Any forbearance by Lender in exercising uny right ar remaly shall not be a waiver of or preclude the �5:,,,,.
<br /> -- ez�sctse of any right ar remedy. - -
<br /> . � 12.Successons and Assigns Bound=Joint and Several I.iability; Casigaers.The covenants and ugreements of this __
<br /> Securlty Instrument shall biad and benef t the successors and assigm of L.ender and Borrower, subject to the provisions of �`�'-
<br /> paragraph 17. Barrower's covenants and agreements shall be joint and several. Any Borrower who co-si�ns this Secudty ---
<br /> ' _- Instrument but does not execute the Note: (u) is ca•si�ning this Securiry Instrument only to mort@age,grant and convey that :- -
<br /> . Aorrower's interest in the Property under thc terms of this Sccurity Instrument; (b)is not personally abli�ated ta pay the sums ``'���t'
<br /> .,
<br /> �. ., secured by thic Security Instrument;and(c)ugrecs that Lender end uny other Bonower may u�rec to extend,madify,forbenr or
<br /> make any accommodations with regard ta the term� of this Security lnstrument or the Note w(thout that Borrower's consent. "='
<br /> ' 13.I.oan Chacges.If the loan secured by this Securiq�Instrument is subject to a law which�ets maximum loan char�es.
<br /> .• and that law is finally interpreted so that the interest or other loan charges collcctaf ar to be collected in connectian with the
<br /> ' loan exeeed the permitted!fm[ts, then: (u> any such laan churge shall be reduced by the umount neressary to reduce the churge
<br /> �• ' „ to the permitted limit:and(b)any sum,almady collected frorn Bormwer which excer.ded permitted limits will be tefunded to ,
<br /> � " Aonower. l.ender muy choose to make thi� refund by �eJucing the principal ��wed under the Note or by making u direct
<br /> . payment to Borrowcr. If a refund reduccti principut, thc rcJuction will bc treated uti a partial prepayment without any
<br /> ' - � .. prepnyment charge u��der th�Note. �
<br /> , 14.NoNee.s.Any notice tn Bnrrower pmvideJ fi>r in thi� Security In,trument shull tk given by delivering it or by mailing
<br /> •� it by fir+t clrss mail unless npplicablc luw reyuires use i�f unottkr nxthcxf. Thc nutire �hall hc directed t�i the Pmperty Addretis
<br /> , or un�• uther address Borrower dc.i�nute�by notirc to Lcndcr. Any noticc tc� I.cncicr shaU t�c given by first class mail to
<br /> ., Lender'.addresx stutcd hercin or uny othcr uddress l.cnJcr d�+ignuie� by notirc tci Borrowcr. Any noticc provided for in this
<br /> � Securiry Inxtrument shall be dcemed to havc hccn givcn to Hnrroa•rrur Lendcr whcn givcn a.pmvidcd in thi�parugruph.
<br /> 15.Governin� l.aw; Severability. This Security In�trwn�nl �hall hc govcrneJ hy fcdcrul luw und thc luw ��f thc
<br /> ' jurisdiction in which thc Property i+!<xut��l. in thc cvcnt that any pruvi+icm or clausc of thiti Sccuriq• Imtrununt or thc Note
<br /> ' cnnflicts with upplirublr luw. wnc�ontlirt shall n�n aftcrt erih�:r proei�ium uf thi.Serurily Imtruntent c�r the Ne�tr whieh ran bc
<br /> given cffect withnut thc conflictin�pr�rvi�ion. Tu thi< <n�f thc provi�i��n���f'thi�S�turity In�trumcnt und thr Nutr are dedureJ
<br /> to bc scvcr.tble.
<br /> � 16.Borrower's Copy. Burrc�wcr.hall hr gi��cn ancc<mti�rmcd re�py�i!'thr Noic und ul'thi.Srrurit}�Inurumrnt.
<br /> ; • .
<br /> Form 3028 9�80 I
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