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<br /> �Saymcats may rtU longer be requirtd. at the option af L,ender,if mortgagc Inaura►�e wver�ge(in the antount and for the�iod �
<br /> that T.�end�.t require9)pmvicltsl hy nn Insurcr nPprovut hy[.cnder again Aewrnes ovnituble and is obtaitwx!•�&trtnwer shA1F p+tY
<br /> the preininms�egulrcd ta mair�tnin mangugo insuraiue fn effect.or tcr nrnvlde uloss re.s�rve.until the sequlrement far ir�artgAge
<br /> , insurance c►�ds in ncrorcfaanca with eny writtcn agrcenxnt betwcen&�rrower nrid l.cndcr or upplicable law.
<br /> 9. [mpeetlon. Lender or it,a agent nu�y mako reaso�wble�ntries apon nnd fnspectipns of ths Property. l.cndcr shtti givp
<br /> Horrow�cr notice at the time of or priar to un inspscciun spxifying rcasonable cuuse for the inspectian.
<br /> 10. Condem�uttlon, 'Thc pcocced� af a»y award ar cluim for dumages.dfroct or consrqucntial. in wnntction wlth�ny
<br /> concletnna�iuj�ur vd�cr wlcie�g of nny part of thc Praperty,or fo�rnnvr.yanm in lieu of mndemnatian. nre hereby assiSnnf nnd
<br /> shall be paid to L.ender.
<br /> In the ovent of u toml taking of the Property,the proce�eds xi�ull be applled to the Fums secured by this Seaudty Insuument.
<br /> whether or not thcn due,v�ith uny excess puid to 8orrnwer. In thc event nf n partial taking af the Propeity in whir.h thc fair
<br /> muket vulue of the Peoperty immoddately befare the tuking ia equa! to or gre�ter than the nmount of the sums�ecured by this
<br /> Security Instrument tmmediatcl�befare the taking.�nless Borrower und Lcnder othenvi�e ngree in writing.the sums secured by
<br /> tl�s Securiry Instcament FhaN bc reduoes!by the nmonnt of the proceeda multiptied by tt�e followipg fraction: (A) the totat
<br /> umount of the sums secured immediately bafan the taking.divided by (b)tho fi�ir m�arket value of tha Property immcdtately
<br /> before the taking. Any balanoe shall be paid to Borrower. In the event of cz paetinl taking of the Properry in which the fnlr
<br /> market valuc of the Property immediately bcfore the taking is less than the atnount af the sums s�cured irnmediately bcfore the
<br /> taking,untess Borrower uhd[.ender o�►erwise agree in writing or unless applicnbie law othenvise pravida,the praeeeds shall
<br /> be applied ta the sums secured by this Secudty Insttument whether or not the sums are then due.
<br /> If the Property is abandon�d by Borrower,or if�ufter not�cc by l.ender to Borrower that the condemnor offers to makc an
<br /> award or settle a cluim for damages,l3ortower fsiits to respond tn Ixndu wit�in 30 days after tha daW tha naticc ia given.
<br /> L.e�xier is authorize�to collcxt and upply the pra�eeds,at lts opuon,either w restoration or repair of the Pruperty or to the sums
<br /> secured by this Secur�ty Insnument. whether.ar not Yhen due.
<br /> UNess Lender and Borrower utherwise agree in wt3ting. any upplicatjon of procee�.g to pdrtcipal shull not extend or
<br /> postpone the due date of the monthly pay ments referred to in parng�aphs I end 2 ar change tha sun�unt of such payments.
<br /> 11.Borrower Not Released;Forbearance By Lender Not a Walvet.Extension of the time tor payment or moditicndon
<br /> of nmortization of the sums securod by ttais Secudty Instiument granted by Lender to uny successor in intereat of Barrower shall
<br /> not operate to release the liability of ttie adsinal Borrower or Borrower's wccesson in intemst.I.ender shdl not be required to
<br /> oommence proceedin�s agaInsc uny successor in inV:rest or refuse to extend t�me for payment or otherwise modify amortitittlon
<br /> of the sums secured by this Securiry Instrument by ewason of any demand made by the original Borrower or Bbtrower's
<br /> successors in interest. Any forbenrance by L,ender in exerciein�ony right or remedy shall not be a waiver af or preclude the
<br /> exercise of any rtght or remedy.
<br /> 12. Successo�s end Assigng Bonnd;Joint artd Severnl Liability;Co-signers. The covenants and agreements of this
<br /> Secudty Instrument shall bincf and benefit the successars and assigns of Lender and Bnrrower.subject to the provislons of
<br /> ;� paragcaph 17. ff�orrower's covenants end agr�r�ents shall be joint and several. Any Borrower who co-si�,ms this Seeurlty
<br /> �41� Insuument but does not execute the Note:(a)is co-signin�this Security Instrument only to mongage, grant and convey that
<br /> Borrower's intarest in the Property under the terms of this Securiry Instrument;(b)Is not per�onally obligated to pay the suma
<br /> secured by this Security Inswment; and (c)a�rees that Lender and any other Borrower may agree to extend,modify,forbear or
<br /> make any accommodations with re6ard to the terms of thls Security Jnstrument or the Note without that Borrower's consent.
<br /> 13.Loan Charges. If the loan sa:ured by this Securtty Instrumcnt is subj�t to a Inw whicb sets maximum loan charges,
<br /> and that law is fins�lly Inte�preted so that the intemst or other loan rharga collected or to be oalleeted in connection with the
<br /> toan exceed the permitted limlts,then:(a)any such toan charge shall be reduced by the umount necessary ta aoduce the char�e
<br /> to tlie permitted limit;and(b) any sums already collected from BorroWer wbich exceeded permittcd limits will be refunded to
<br /> Bon+ower. Leader may choose to make this refund by reducing the principal owed under the Notc or by maktng a direct
<br /> payment to Barrower. It a refund rcduze. principal, the reduction will be treated us•n partial prepayment wlthout any
<br /> prepayment charge under che Note.
<br /> lA.Notices.Any notice to Borrower p�ovided for in this Security Instrument shall be�iven by deliverii�g it or by mailing
<br /> it by first class mail unless applicaVle Inw requires use af another method.The natice shall be directed to the Property Address :
<br /> or any other address Borrower designates by notice to Lender. Any nWice to Lender shall be given by first cla.ss mail to `r�°~
<br /> �,,,�
<br /> I.ender's address stated herein or any other address Lender designates by notice to Bornower. Any notiax provided for in this
<br /> Security Insaument shall bedeemec!to have been�iven to Borrower or L.ender when�iven as providad in this para�raph. �`�
<br /> 1S.Goveratng La�v; Severabtlity. This Security Instrument shall be governed by federat law and the law of the '�'�.�,
<br /> jurisdietion in which the Property is located. In the event that any provision or ciause of this Security Instrument or the Note ���:�;.
<br /> ccmfltcts wtth applicable law,such contl ict shall not affect other provisio�uof this Security Insttument or the Note which can be '�r: �'
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<br /> given effect without the conflicting provision.To this end the provisions of this Secudty Instrument and�he Note are deciared �V��
<br /> �,, to be severable.
<br /> �' 16.Bonower's Copy.Borrower shdl be siven one conformcd copy of the Nate and of this Sccurity lnsRcument. �
<br /> � Fomt 3028 9/80 r,�f':.
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