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I'' + � —v <br /> g4- �o��e� <br /> �ynxnls may iw IcnYcr t�royutrat,s�l tbc uptiui�uf Ixncltr, if nwrlgruc in+uran�-c�uvcrrge(in Ihe xmount ard fnr thc periixl <br /> �tutl I.rirki �ryuucs�prc;vid�:.t hy un in..,rrr appi-�r�-�d!�y Ixndcr u�r�in tx.wi�c,:�vailahlc�:uul is uhluin��i Fi:�����uc� .t�rll pxy <br /> the premiumr.nt�uirr.e)tu nwintuln rnun�age insuru�kc its ell'n:t,ur to pruvidr a In;�rru rve,unt81 the reyuirrment (n�rrx�s�aa�r <br /> inburuk�endx in��urdancro with any written wgranMnl betwa:n&rrmwer et�i Lctukr ur ap�iicnble law. <br /> 9. I�pection. Ixn.ier or it!�aµent mHy mrke rcn.x��wMlr enlries u�n urx!inxprrtinnx uf thr. Praperty. IxixJrr�:1��11 give <br /> Borrnwer rotice at the dme af or priur ur an inRpec.�tion sprxlfjrin�rawoiu�ble c�utee ti�r the inspection. <br /> fU. Co�vJernnution. The pnxeals uf�ny nwenl ur clafm G�r damages, direct or cnnseyucntiel, in cunns�Nc�n with any <br /> corxlemiwti�an�r eKfxr tnking uf wny �art uf the rmpsny,or tor ronveyunce in lieu oi conclemnacion, arr. f�ercuy a�rig�xxl m�l ' <br /> �shall be paid to l.cnder. <br /> frt the event of a total takir,g of thc Pro�r.ny,the prcxecxls shall be uppliect to the sums�xcured by this 5ecurity Instrumcnt, <br /> whcther ur tx�t then Jue, with any exce+x paid to&�rrawer. In the e��cnt uf u pactial taking of the Property in which ti►a fair <br /> nmrket valuc uf thc Propr.rty imrtialirtely bcft�re the taking is cqual to or greater th•rn the amount of the Sums secured by this <br /> Sccurity Tn+trument immediataly beforc the taking.unless B�yrmwer und Letxler otherwisc agree in writing. the sums sec:urcd by <br /> thiti Saaurity Instrument shail be reduced by Ihe umount of the prcx�eeds multiplied by thc following f'ractiun: (u} tl�c tutel <br /> amaunt of the sums secured imme�iately tx:fore the taking, diviJect by (b)thc fair market v�luc of the Propeny Immedts�tely <br /> beforc thc taking. Any balance shnll he paid to Bc�rrawer. In the event of a partial tnking of the Propeny in wliich the fair <br /> rccurfcet vnlue of the properly immr.diately txfare thc taking is Icss thun the amount of thc tiums securetl immediately t►efore the <br /> taking, unless 8orrowcr:uxi L.cr►der otherwise agroe in writing or unlcss applicable law otherwisc provides, thc procceds nhall <br /> be applicd tn the sums scr.ured by this Security Instrument whethcr or not the sums ure then due. <br /> If the Aroperty is abandoncd by Aorrowcr,or if,aftcr nuticc by l.cndcr to Bonower that the condemnor offers to make an <br /> uward or scttte a claim for damages, Borrower fails to respond to l.cnder within 30 days after the date the nutice is given, <br /> Lender is authorized to callcct and apply the proceeds,ut its option,either to resturation or rcpair of ths Property or to the sums <br /> ��urecl by th+s S�xurity[��strument,wl��ther or not tlun due. <br /> Unless I.ender and Herrower otherwise �grce in writing, any application of procceds to principal shnll not extend or <br /> µ�stpone th�due date of the nxmtY+ly paymcnts refcrred to in paragraphs 1 and 2 or change the amount uf such paymenGs. <br /> I1. Ibrn�wer Not Released;Eurbearance By I.ender ldot a Waiver.Extension of the time fur payment or modification <br /> of amortization�f the sums secured by ti�is Security Instrument grante:d by I.ender to miy successor in interest of Borrower stiall <br /> not oper�te tu release the liabiliry of the ori�inal Borroa•cr or Burmwcr's sacccssors in intcrest. Lender shall not Ix requircd to <br /> cammence proceedings agninst uny successor in interest or refuse to extend time for payment or otherwise modify amortizatian <br /> uf tlte sums secured by this Security Instrument by re:,son of any demand made by the original Barro�ver or Borrower's <br /> successars i�e 6aterest. Any forbear:nice by Lcnde� in exercising any right or remeily shull not be a wuivcr of or preclude t8e <br /> eaerci�;e of as»right or�emody. <br /> 12. Successors and Assigns lia�nd; Jaint and Severul [.(ability; Cu-st�ners. The covenants and agrcements of t�is <br /> Security instrument shall bind and be�iefit the successon and assigns of Len�er and Borrower, subject to the provisions of <br /> paragraph 17. Borrower's covcnants and agreements shall be joint and severaf. Any Barrower who ro-,ibns this Securiry <br /> [nstrument but does not exec:ute the Note: (a) is co-signing this Security Instrument only to mortgage.�;rant:uid convey lhat <br /> Borrower's imerest in thc ProQerty undcr thc terms of this Sccurity 6ishvmcnt:(b)iti not personally obligatcd to pay thc sums <br /> secured by this Security Instrument:and(c)agrees that Lendc�and any oUicr Borrower may aFree to cxtend.modify,forbenr or <br /> make any accommcxiations with regard to thc term�of this Securiry Insm►ment ur the Note without that &�rm�ver's consent. <br /> 13. Loan Charges. It'the loan secured by this Srxurity lnstrument is subject to a faw which sets maximum loan charges, <br /> and that law is finally interpreted so that the interest or other loan charges collcctui or to Ue eollccted in connection with the <br /> loan exe�ed the permitted limits, then: (a):u�y such lo:ui churge tihall be reducal by the arnount ncces5ary to reduce the churge <br /> to the permitted limit;and(b):►ny sums alre:idy collected from Borrower which exreuied pennitted limits will be refuuded to <br /> Borrawer. I.ender may chaose to make this refund My nducing the prinripal o�wed under the Nnte nr by making a direct <br /> payment to Borrower. If � rcfund reduces principal, the reduction will be treated as a partial pmpayment without any <br /> prepayment chnrge under the Note. <br /> 14.Notices.Any notice to Bonower providcd for in this 5rcurity Instrument.r•hall be given by delivering it or by mailing <br /> it by first cluss mail unless applicable,law rcquires use oY another mcthod.The notice shall be clirectcd to the Property Addres�; <br /> or any other address Borrower de�ignates by notice to Lender. Any notice ta Lender shnll he given hy fint class mail to <br /> Lender's address stAted herein ur any other addrcsti Lcnder design,ues by notice to Borrower. Any notice provided for in this <br /> Security Instrument shall be decmed to havc been givcn to Borrowcr ur[.ender when�iven as providcd in this paragraph. <br /> IS.Govern(n�; Law; Severab8ity. This Sccurity Instrument tih.dl be giivcrncd by fcdcr�l law and the luw of the <br /> jurisdicuon in which the Property is located. In the event Qiat any pmvi�.i�m or clause af this Security Instrument or the Note <br /> ' conflicts with applirable law, such ronflict shall not affert uther provisions uf this Secutity [nstrument or the Note�vhich can be <br /> given effect without the conflicting provision. To this end the provisions of tl�is Security Instrument und the Note are declared <br /> to be severable. <br /> IG.Bor►v►wer's Copy.�orrower shall be given one confomied cupy of the Note and uf this Security Instrument. <br /> , Form 30T8 9l80 <br /> Pnpo 4 ot fi <br /> � <br /> __..__ _ r. - .. . . . 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