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<br /> paymsnts�uy na langer be rcquircd, at tho option of[.cnder.!f mongegc Insu�caverAgn(�n tlx emount�nd for the perlad
<br /> thnt Lcnder rc.q}uirew)provided by nn insur�er opprovcd by Lcnder n�tttn 6cco��e5 c►vi�ilnblc u��d ie eabtai r�xd. l3c�rrowcr tihxU�y
<br /> thc prcmiuQns rcquire�ta maintuin martgage insu�unce in effcct,�r to prcivide a lass reservc.ur�dl Ehe r�quircnte►it fi�r nwrtg�e
<br /> insurancc cnds in nccordanco with any writECn ogreement between Bormwcr und i.c»dcr nr applir�biolaw.
<br /> 9.inspectk�n.L.cnder or ita ugcnt may mWce reasanablo entdes upon a�d inspcctionc of�F,r Propeny. l.ender shxll give
<br /> Barrow�r nnlico at the time of'or pdor to nn inspection specifying reasonabte cauu:for the i��,spcstic�n
<br /> 10. Candemtu�tton. The proreeda of any uwnrd or efaim for dannagea,�lic�ect or�bnsequentlol. in cora�ection with any
<br /> c,ondunnation or ather taking of any part of the E'roperty,�r far rnnveyance in lieu af candcmtntlon, aro he�cby assigtxri and
<br /> shull�Se puid to Lender.
<br /> In the cvent of a totul tnfcing af the Propeny.thc pzua�ais shull be upplYed ta thc sums sscurec�by d►Is Security Instrumcnt.
<br /> whether or nat then due, wlth any exces� paid to Barrawer. !n tl�e cvent af a panial tuking af tt�e Property in whicl�the fair
<br /> mukct valuc of the Property immodiately before the tuking is equul m or gccater thm�tho c�mount ot ehe sums securod by this
<br /> Securlry Instrument immediutely befare the taking.uniess 6orrower�nd Lertdcr otherwisc ogrce in wdting, the sums sccured by
<br /> this Sccudty Jnsuument shall be reduced by the emuunt of the prc�ed.s multiplied by the lollowing fraction: (a) the total
<br /> amount of the sums secured immadiately befare the taking.dtvided by (b) the fair marlcet vatue ot t[1e Property immediataly
<br /> before the taking. Any balance shall be pald to Barnnwer. [n the event of n partial wking of the Property In wh{ch thc fair
<br /> market vulue of th�Property immediately before the tuking is less than the�mount of the�ums secured immodiately.before the
<br /> taking.unles.c Borrower and Lender otherwist agree in writing or unless applicstble law otherwlse provides.the proceeds shall
<br /> be appltod to the sums securcd by this Security Instniment whethe�or not the sums nre then due.
<br /> If the Property is abandoned by Bomower,or if.after notice by Lender to Bortower that the condemnor offers to muke an
<br /> award or settle n clalm for damages.Borrower fails to respond tu ixndee wIttiln 30 days aftcr the date the ns►tice is glvea.
<br /> Lender ia authorized to collect and apply the pn�ceeds.at iu opdon,either to restotation or repair of th�Property or ro the su�
<br /> :. ,, f ,��.. secured by this Secudty Instnim�ent,whether or not then due.
<br /> Unless I.ender artd Borrower oth�rwise a�ree in wdting. any application of proceeds to pdncipal shatl not oxtend or
<br /> ,, ,, postpone the due date of the monthly paycnents nefemed to in paragraphs 1 and 2 or chAnge the amount of such payments.
<br /> Il.Bon�+ower Not ReleaSed;Forbe�rance By I.euder Not a Waivec. Extension of the time far payment or madification
<br /> : , of amortiaation of the sums secured by this Security Instrument�rant�by L.ender to nny suceessor in interest of Borrower�ha11
<br /> : �<<;, ;.�';,_ -, not operate to release the liabitiry of the original Borro�ver or Borrower's successors in interest.I.ender shaU noi be r�equl�+ed to
<br /> •r:..�..�.�;:�����,�:�•.
<br /> ,,•; ,�; p� commence proce�dings against any successor in interest or�efuse to extend time for payment orotherwlse modi amort on
<br /> �}�{�':�`�'"-�
<br /> ,,`:_ .: '�,iy.s., of the sums scxure� by this Securtty Instrument by reason of uny demand made by the original Bomower or Borrower's
<br /> . r�:;;:r.. �^�� '�r suooessors in interest. Any forbearance by Lender in exercising any dght or remecly shall not be a waiver of or pteclude the
<br /> .. • ,.-�,�-e� ;-:�, eaercise of any righ[or remedy.
<br /> "b��" ' "��• 12. Suocessots and Assigas Bound; JoSnt and Severa! Ltabiljty; Co-si$aers. The cmvenants end agraments of t6ls
<br /> ��',�;� • ^�c�,�.�i�•.�
<br /> •�•� � Security Instrument shall bind and bertefit the successors und assigns of Lender and Borrower. subject to the provisIons of
<br /> � �'`��� �" � ' ara h 17. Borrower's covenants and a reements shail be oint a�d several. Any Borroweir w ho oo-signs t h is S e c ucity
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<br /> ;`.. �' • , {�- • Iactrument but does ceot execute the Note: (a)is co-si�ntng this Security I�strument only to mot-tgage.grant and convey that
<br /> . . ,. Bormwer's interest in the Praperty under the terms of this Securiry Instrument: tb)is not personnlly mbligated ta puy the sums
<br /> ;�;�,,..,:... .,:.,, . ... secured by th�s Security Instrument; and(c)ugrees that Lender und any aher Borrower may agree toe�ctend,maclify,farbear or
<br /> ,�.,;;,5.��... . rtwice any accommudations with regard to the terms of this Security Instrument or the Note wittiout that Borrower's consent.
<br /> x+;�r���<<�.-,,..�>,:,•m. 13.Loan Charges. If the laan secured by this Security Instn�ment is subjoct to a law which seGs maximum loan charges.
<br /> '`"'""`� ' �' and that law is finnlly intetpmted so that the interest or other loan charges colleceed or to be ml lected ia connection with the
<br /> .y;;.::�r � loan excced the pemiitted limits,then: (a)any such loan charge shall be reduced by the amuurn necessary to reduce the char�e
<br /> 'a�'""'�' `- ' ,�'j''" to the pemutted limtt:and(b)any sums already coilected from Borrower which excee�ed permitted limits will be refiuided to ��
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<br /> . ' Borrower. I.ender may choose to muke this refund by reducing the principal owcx! under the Note or by making a dire,ct ;�^..
<br /> •�������� �� . .�; • payment to Borrower. If a refund nxiuces principal. the reduction aill be treated as a pu[id prepayment withoat any ,r�t�;a�
<br /> }. �� prepayment charge under the Notc.
<br /> ��•S.r..;' t4.Notices.Any notice to Borrower provided for in this Sccurity I�trument shtsil be given�oy delivcring it or by mailing ��_;�
<br /> � ' it by first class mail unless applicabte taw requires use af another method. The notice shall be dir�to the Property Address ��fl,),
<br /> ., or any other uddmss Borrower designates by notice ao Lender. Any notice to Lendcr shall be given by first class mail to ,E,,�;:�{
<br /> _ , Lender's�ddress stated hercin or any other addr�ss Lender designates by notice to Borrower_Aa�y aodce provided for in this ��.;*�f°'
<br /> :�•.� • <, Security Instrument shall be deemed to huve been gi�•en W Borrower or I.cnder Who ern�ed b pfederal lawhand the�aw of the
<br /> ��-��,� • IS.Governin� Law; Severability. This Securiry Tnstrumcnt stiall be �, y
<br /> :�-•• � „ jurisdiction in which the Properry is located.In the event that any provision or clause uf this Security Instrument or the Note
<br /> � conflicts with appticable law,auch conflict shall not affect other provisiais uf this Securiry Instmmrnt or the Note which can be
<br /> �`� �"� ' " �iven effect without the conflicting provi�ion.To this end the provisions of this Security Instru�nem and the Note are declared
<br /> ° to be severable.
<br /> 16.Borrower's Copy.Borrower shall be�iven one conformod copy of the Note and of this Stturity Instrument.
<br /> � Fortn 3028 8/80 .,
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