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<br /> pnymcnts may no longer be requi�+ed,ut the opdon of Lendar,if mortgng�a urance�overnge(in the amount tued for the ptrtocl �
<br /> t h o t l.e n d c r m q u i r e s�p r o v t d e d b y s n i n s u r e r s t�p ro v e d b y L e n d e r a�n i n b e c omes available,and is obtained. Borrower shell pay ;
<br /> the pmmiums rcquira!to maintaip mnrt�Age insurnnce ih effect. or t4 pc+ovida a loss reserve.antll the require�nent for mortgage
<br /> insurance ends in accoadance with any written a�:ment betwee�n Borrower and Lender or applicublc lsw.
<br /> - ---- � - ° 9. IaspecNon.Lend:r nr its agent may make rr.�su,iabte e,iu�ies v�pan end inspections of the t'ra�ccty+. Lend�r sha8$ive -
<br /> — Borcower notice at the timn of or prlor w an inspection apecifying masonable cause for the inspection. ,
<br /> _-�;�,�;� fi0. �ondemnntton.1'he procceds of any awerd or claim for damages,direct or consequential, in connection with any
<br /> --- -- condemnation or other taking of any part of the Property. or for rnnveyance in lieu of condemnution,are hereby assignefl artc�
<br /> __ -_..�� shell be p�id tol.ender.
<br /> �=��� In the event of a total takIng of the Property.the proceede shall be applied to the sums secured by tbis Secur3ry Instrumeafl.
<br /> --- �� whcthcr or not�1►en due, with any er.cess paid to Horrower.In the event of a partial taking of the Property in wmic4�4Pee fane ___
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<br /> -=��+;�,�,- • market value of the Property immediately before the taking ls equal to or greater than the amount af the sums secur�by Ytus ;��;:.`:+___
<br /> �' '�'� ` Y Securit Instrument immedistel before the takin ,unless Borrower and I.ender otherwise agree in wtiting.the sums secaere�by ��+s�is�
<br /> �:r�;, v*��y this Serurity Instrument shalt be reduced by the amount of the praeeds multl lied b the followin fraction: (a) t8ee Qotal ���' �
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<br /> amount of the surns secured immediately before thc taking,divide�by (b) the fair market value of the Property immediately �tjx��`
<br /> • befor+e the taking. Any balance shall be paid ta Borrower. In the event of a partiel taking of the Property in whtch the fair ___
<br /> � o-:•�:j� market value af the Property immedistely before the taking is less than the amount of the sums secured immediately before the -_
<br /> taking,unless Borrower and L.ender otherwise agree In writin� or unless applicable law otherwdse provides,the procee�s shall
<br /> be applied to ttie sums secured by this Securlty Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower,or if. after noticc by i.ender to Borrower that the rnndemnor offers to muke sn
<br /> award o�setrtle a claim for damages, Borrower fails to respond to Lender within 30 days uf¢er the date the notice is given,
<br /> Lender is amahorized to coll�ct and apply the proceeds,at ets option. either to restoaari�n or repaer of the Property or to the sums
<br /> � , , '•-:�`:' secured b�}•t�nns Security Instrument,whether or not then dme. ����-
<br />-':i{�""r.��f.�'.�:;:�";;4; Unless Lender and Borrower oth¢n�•ise agree ua�wrcitin�, um•a�plication of proceeais t�� �aincipal shall not extet��! or = _
<br /> '.,:, k�""�' "`� `" st ne the�due slate of the montlal Avments refeRed to in a�a�ru hs 1 and 2 or chan e the arnount of such a ments. �
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<br /> ';;��`r:1t`:�t`i;�?.��`.:; P� P� YP . 3� b P � P Y =-
<br /> ; ;��"���`'rf�R}?�}, of amortiusi on of the sum�secu�recl by t�hias SecuritBy la�t�ment grante�i by Lende�t a y successar in interest of Borrowereshall ;`'.'°`
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<br /> „•, • � �yJ��+�'t�S,i not operate to release the iiabiUty of the original Borrow•er or Borcower s succes.sor�in inteTest. L.ender shafl not be required to ���
<br /> ��•�'.'+ ��'��''°�;:�•� commence roceedin s a ainst an succersor in interest or refuse to extend time for a ment ar othenvise modify amorti�ation � �-�--
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<br /> � '�'s�"��(�:� of the surn�c secured by� ahis Secariry Instrument by reason of a�y demand mxde by the original Borrower or BorQOwer's
<br /> ... .;.'�+<.�; -�
<br /> •'` successors im inteaest. Any forbearance by I.encder.in eiepcisir�g nrsy right or rerntedy sfiall no� be a waiver of or precimale the _
<br /> ,� exercise of any�n�ht c�r•remedy. ' �•_
<br /> ' 12. Su�cessars und Assigns 1B�oe�n�; IIol�4 acndl SeveraIl LiA�►i�6Qy; Co-si�ners. The cocenants and a�reements c��ahus �''`�;�__..
<br /> • Sec:urity Gns¢rument shall bind anc!he�n�f�t the successors and assigns of L.ender and Borrowec, subject to the provisi�ues m�' ���:
<br /> paragrap(n Q7. Borrower's covenants aad ag�cements shall be joint and several. Any Bonower who co-signs this Secnariey �-_
<br /> ' Instcument but does not execute the Note: ta)is co-signing this Security Instrument only to mortgage, grnnt and convey that - -
<br /> � Borrower's interest in the Property under the terms of thix Sccuriry instrument;(b)is not personally obligated to pay the sums =..,_
<br /> . . secured by this Security instrument;and(c)ugree�that Le:nder and any nther Borrower may agree to extend,mndify,forbear or I��'=-•
<br /> make any accammadatiuns with regurd to thc[emiti of this Security Instrument or the Nate without that Borrower's consent. �•:.�
<br /> 13. Loan Charg�. If the loan secured by thi.Security Instrument i+subject ta a law which se�c muximum loan charges, �..:'`=
<br /> and that law is�nally interpreteci ,o that thr intere�t ��r c�ther loan chu�geti colleeted ar to be rolleeted in conneetion with the
<br /> " loan excccci thc permitted limit�.thcn: (:�l an��.uch loan rhargr+hall hc rr�civa-d hy the amount nccctisury to reduce the charge
<br /> to the permittnf timit:and (b>um�umc alrcady cuilcxted from Burmwer which excceded permitted limits wiU be refunded to -
<br /> . Borrower. Lender m:�y ch�x�,e to makc thi. refund by rrducing thc prinripxl uwai under the Note or by making a dit�ect
<br /> payment ro 8armwer. If a rcfund reciuces primipaL thc rexluction will be treat«i a. a partial prepayment without any � ,
<br /> prepayment char�e under the Note.
<br /> � � 14.Notims.Any notice to Borrower pruvidccl tiir in thi� Sccurity Inttrument ahall t►c given by delivering it or by mailing •,,
<br /> it by fir�t claa�m:�il unlr.s vpplicable law•reyuire.u.e uf arx�ther methocl. The notice�hall be direeted ta the Property Addtess
<br /> . • or am other addre�ti Borroa•er designateti by notirr to Lcndcr. Any notire to Lendcr �hall be given by first class mail to
<br /> � Lender'.addre�ti �tated herein or an�• other addre�s Lencier de.ignate� h�• notice to Borcower. Any notice provided far in this
<br /> Security In�trumenc Shall be deemed to have been gi�•en tc�Borroµer or landrr uhen gi��en a.provided in this paragraph.
<br /> I5.(:overning I.aw�; tieverabtlity. This Seruriry Instrumcnt tih:�!1 tx guvcrned by fedcral law and the law• of the
<br /> jurisdirtion in x�hich the Pmperty i. lixuted. In the ecent thst any pruvi.ion ur rl�uu i�f thiti Serurity [nstrument or the Note
<br /> conflias with applirsblc law, such am(lict�hall nut af(ect athrr pr<��•i�ion�oF Uii,Securit�• Imtrumcnt ur the IJate which can be
<br /> � given effert w�ithout the rontlicting pru�•i,ion.T��this end tlx� pru�•i�ion�of thi. Securit�� Imtrwnent and the Note are dedared
<br /> i to br severablc.
<br /> I 1�.Rsr�nw•er's L'�p►•.Borre���er�hall hr gi��en cmr cun(i�nn�d t��p)ut'thc Nine and��f this Security In.trument.
<br /> , i Form 3028 9l80
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