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<br /> p�aymc►.ty may n��ung�r bc rr.yulreci,i�t ti►e QptFcm c�f I�:rxtcr, if mortg��c in�urattce cuvcrnge(in tFM amount"1�nc! fo�zhe.p�bd t
<br /> that t.endtr requircs)pmvidod by sn indurer upprova!hy I.ttxier ygAln bocim�en pvailabla and la uMdne�l. borrowor�1t p�Y
<br /> the premfumy ros;ulrad tu en�iix�in mart�e inwrAnre in sffa:t,or ta pmvide e loee restrvo,untll the requiremnu for murt�a
<br /> . ins��rance ende in nccordar�ce wjth any written pqrenriene tietworn�atmc�wer wrod L�enOer or�pticabl�I�w.
<br /> � 9.laspeetba. LRr�der ur iti n�ent rnky m�ke rnwneble ent�ieu upon xod inlpoc.Kfaw af the Perip�ecty. I.udrr�Iwll:ive
<br /> Banower natico�t the tfn�e of ar priar to an impectton apecttying ra�x�ble aiuse for the inspa��tian.
<br /> II0.Caa:u:�::�u�:.ita:s. 77w �rs�;crds af su�y ati�lurd or ciaim for dama�es.dir�ct or m�:qutntlnl. irt rnnrt*_rtlon�ai�h nny
<br /> condemrutian or other teking of any pa�t of the Praperry.or for comeyonce in lieu of condemrqdion,uc tler=by wiat�ad a�d
<br /> sholl be peld to Ixnder. .
<br /> In ths ovenY of a tota!�taking oP the Property.thc praceada s?�aU be appl[ed to thc sums secured by ehia Sawrety Instrument.
<br /> whether or not then duo, wlth any excess paid to Borrawer. In the event of a purtial taking of the Pcoperty in which the fnir
<br /> enaeket value of thc PropKr.ty ima�ediatety before the talcing is equal to or g�+eater than the attwunt nf the sum9 secured by this
<br /> Security Instrurrscnt immediately befare the taking,unless Boa+ntiver iued Lender oshenvisa s�ree ta wdtit�a,tf�e sumy sxured by
<br /> this Securtty Insuument shail be reduced by tho nawunt of tha pt+oaeds multiplied by the following fraction: (a)the tcKal
<br /> amount of the sums saured immedintcly i�efore the taking,dlvided by (b)the fair mar�et value of the Praperty immodiately
<br /> before th�e taki�g.Any balanc�shall be paid to Hoxrower. In the event ot a partiat wlcing of the Praperty in which the fair
<br /> mazket velue of tho Prope�ty immediately befom the takl�g is less than the umount of the sums securcd immedIately befor�the
<br /> teldng. unless Borrower and l.ender otherwlse agree in wdtIng or unless upplicable!aw otherwise provldes. the proccads shall
<br /> be applted[o the sums seranad by this Security Instnunent whcxher or not the sums are then due.
<br /> If the Pmperty'is abundoned by Sorrower.or if,atter notice by Lender ta Botrower that the condemnor offe�s to make an
<br /> award or settle a claim for dsuaages. Borrower fails to respaud to I.ender witbin 30 days aftcr the date tho aotice is given,
<br /> I.ender is auehorizod to coilect and apply the pr�oceeds.ut Its optlon.etther to reswratIon or�pair of the Propetty or to the sums
<br /> secured by this Socurtry Instmment.whether or not then due.
<br /> Unless Lender and Borrower otherwlse agree in wr�t�ng, any applicauon of proceeds to princ{pal shaU not extend or
<br /> postpone the due dace of the moathly paymeats ret'erred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Rdeased;Forbearance By i.ender Not A Waiver. ExtensIon of the time for payment or modificatIon
<br /> of amorti7ation of the sums securod b�this Securlty Insttument Srante�by Lender to eny suocessor in interest of Borrowa shall
<br /> not operate ta releasc the liability of the ortgjnal Borrower or Borrower's successora in IGterest. I.erider stiall not be requirad to
<br /> commence pmceedings against any successor in interest or refuse to extend time for payment or otherwise modify emnrtiiatlon
<br /> of the sums sesu[ed by this Security Inswment by ceason oF any demand mode by the original Borrower or Borrower's
<br /> successors in interest.wny forbearanee by I.ender in exercising�ny righ[�r remedy ahaii noc be a waiver oi ar precIude iiie
<br /> exercise of any dght or remedy.
<br /> 12.Sacce.csors end Assig�a.� Bound;Joint and Severa!Liab111ty;Co-stgaers. The covenants and agreerrtenu of this
<br /> Security Instcument sh�il bind and benefit the successors and assi�ns of Lender and Barrower, subject to the provisions of
<br /> pata�raph 17. Borrower's¢ovenants and agrcements shall be joint and several. Any �orrower who oo-signs this $ec�rlty
<br /> Instcument but does not exetute the Note: (a) is co-signing this Security lnntrument unly to mortgage.grant and mnvey►that
<br /> Borrower's interest in the Property uadcr the terms of this Security Insuumsnr(b)is not personally obliguted to pay the sums
<br /> secured by this Se�urity Instn�ment:and(c)agrees that L.ender and any other Borrower may agree to extend.modify. forbear or
<br /> make any accwmmodatIons with regard to the terms of this Secudty Instrument or the Nate without that 8arrower's consent.
<br /> 13.Lflan Charges. If the loan secured by this Security Instrument is subject to u law which sets mnximum loan charges.
<br /> and that law is finally interpreteci so thut the interest or other loan charge�collected or to be collected in comectlon wlth the
<br /> loan exceed the pern�itted limlts,then: (a)any such loun charge shall be reduoe�by the amount necessary to reduce the chsuge
<br /> to the pemutted ltmit;and(b)any sums already collected from Borrower which exceeded permitted limits wiU be refunded to
<br /> Borrower. Lender may chaose to make this mfund by reducing the principal owed under thc Note or by making a direct
<br /> payment to B�rrower. if a �+efund �r,duces principal, the reduction will be treated as a pactiul prepayment without any
<br /> prepayment charge under the Note.
<br /> 14.Noitces.Any notice ta Burrower provided for in this Security Instrument shall be given by delivering tt or by mailing
<br /> it by�rst class mail uniess applicuble law requims use of another method.The notice shall be directed to the Property Address
<br /> or any other uddrass Borrower designates by notice to I.ender. Any notice to Lender shali be �iven by first class mail to
<br /> Lender's address stuted herein or any other addtess Lender desi�nates by notice to Borcower. Any notice ptovide� for in this
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<br /> Security Instniment shall be deemed to have been given to Borrower or Lender when given as provide�in this pnragrnph. �;;
<br /> 15.Governtn� Lawt Severabtlity. This Security instrument shall be goveme�l by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause af this Socurity Insttument ar the Note '''�
<br /> conflicts with applicuble law,such oonflict sh�l!not nffcxt other provisions of this Securiry Instcument or the Note which can be -�
<br /> •' glven effect withaut the conflicting provision. To this end the provisions of this Sect�nry Insttvment and the Note are declared r�
<br /> '�* ��" to be severable. ��"�'
<br /> !6.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrucnent.
<br /> `'' Form 3038 9I80
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