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<br /> psymcat9 muy no longer 6e rcqulre�,nt the apdon of l.endor,if mortgnge insurance caveragc(in thc amouns end'for the pedod
<br /> that Lender r�quires)pravtded by nn lnsurer approved by Lender uEnin becomev avnitnbLc snd is obt�incd. �iorrciwtr Fh�tl pt�y
<br /> the prcrniun�s rcc�ulrcd to maintiiin mArtgage insurancc in e€fcct.or to pra�lde A loss r��erve,until tho r�quir�.-nxnt far martgas�e
<br /> fnsurcnce ends in accordunce with a�sy �rritten agrecment betwcen Banower und Lender or applicuble luw.
<br /> 9 0 lnspect[ou. Lendcr or its t�gent may mukc rcusonable cntrtes upon and inspectians of d�e PropPrty. l�cr�cler ahull giva
<br /> Borrower noticc ut the time of or prior to mn inspectiun�pecifying reasanable cause for the inspectian.
<br /> 10.Condem�natton. The prneecxis of uny uwurd or claim for damages. direct �r consequential. in connec:tion with any
<br /> cond�rca�atior�or odier taldng of nny part of t�c Property. or for conveyartce in lie��of cnndemnnt�i�n, �ue hercb�v asgig�e�i nnd
<br /> shall be patd to l,ender.
<br /> In the event of a total tuking of the Pmperty.the procdeds sha!!be s�pplied to the sum�secured by this Sccur�ty Irtstrument.
<br /> whGher or not then due, wlth any excess puid to Borrower. In ehe event of a partlal tnking of thc Property in which tha fair
<br /> markct valuc of the Property immediatcly before the taking is equal to or�re,uter than the amaunt af the sams secure�l by this
<br /> Security Instrument immediutely before the takin�.unless 8orrawer and I.cnder othcrwlse ngree in wdting,t'tie sums secured by
<br /> this S�udty Instnimeat sh�ll be reduced by the amuunt af tlie proceeds multiplfed by the f�llowin�frnction: (u) the toW
<br /> emount af the sums secured immediately before the taking.dlvided by (b)the fAir market value of thc Property imtnediutcly
<br /> before the ts�king. Any balance shail ba paid to Barrower. In the event of a partial taking of the Property In which the fair '
<br /> market value of the Property immedi�tely befure the taking is less than the amount of the sums secured imcnediately before the
<br /> taking, unless Borrower and Lender otherwise agre,e in writing or unless applicable taw otherwl�e pravides. the proceeds shatl
<br /> be appl ied to the sums secumd by this Secudty Insttument whether or not the sums are then due.
<br /> If the Property is abandune�by BarroweT,or If.ufter notice by I.snder to Borrower that the condemnor offeta to make an
<br /> award or settle a claim for dumages. 13orrower fa�ls to respond to I.ender within 30 draya uf'ter the alate tite nodce is given.
<br /> I.ender is nuthorized to collect and apply the proceeds.at its option,eJther ta restoration or mpair of the Froperty or to the sun�s
<br /> � securcd by thls Securlty Insteument, whether or not then due.
<br /> Unless Lrnder and Borrower otherwlse asree in wrttin�, any upplicatian of proceeds to principal shall not eatend or
<br /> . x,� .: �_.. postpone the duo date of the monthly payments referred to in paragraphs 1 and 2 ar change the amount of such payments.
<br /> 11.Borrower Not Reteased;Forbearance By LendQr Not a Waiver.Extension of the tjme far payntent or modiftcadon
<br /> � of amortization of the sums securod by this Securiry Instrument grunted by Lender to any successor in►nt�rest of Boaower shall
<br /> +� .,,.;a: ,,;,. ..,,.� , not operate to release the lIability of the original Barrower or Borrower's successors in interest.Lender shall not be required to
<br /> �'4 cornmence proceedings a�ainst any successor jn interest ar refuse to extend time for payment or otherwise modify amortlzadon
<br /> �'.,t;T�;�� =; of the sums secured by this Security Instcument by reason of any demand made by the origlnal Hotrower or Borrower's
<br /> '` ��ix,;���}��;':���;�;;, sucassora in interest. Any farbearance by Lender in exercisin�any right or remedy shall not be a waivcr of or preclude the
<br /> �� ` ��:.rl ;, exercise of arry ri�ht or remedy.
<br /> ''�'�'-°`"•�°����-�� 12.Successors and Assigns Bound;Jaint and Severa! Liubility; Co-signers.'I'he covenants and agreements of thls
<br /> ��`=''��'��� '���� Security Instrument shall bind and benefit the successars and assigns of i.ender end Borrower, subject to the prr�vIsions of
<br /> ��=.:'..•i°::= .`��t �
<br /> • •.:•�,'. ,:.�, ,;'E=. �.; paragrraph 17. Horrower's wvenants and n�mxments shall be joint and several. Any Aorrower who co-signs this Security
<br /> �.���?'�r`=::�';A�``.,�' � Instnunent but does not execute the Note:(a)is co-signing this Security Instrument oniy to mortgage.grant and convey thet
<br /> �'�� • • �«- � •° � Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally ooligated to pay the sums
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<br /> ,,;,;,;�..:�,.��,,��,q securecl by d�ts Sexurity Instrument; and(c)a�rees that I.ender and any other Borrower may agree to extend, modify. forbear or
<br /> ;,,w��.�r• ,,,;,,�;�: makeany accommodatIons with regard to the terms of this Securiry Instrument or the Note without tt�at Horrower s consent.
<br /> .uwwi.r.�ri�r.::,,�iw: 13.Lostn Gharges. If the loan secured by thfs Securlty Instrument is subJect to u law which sets maximum loan chsuges. r'
<br /> �'�""'"�°• '��•',�`-^� and that law is finally interpreted so that the interest or other loan charges collecte� or to be collected in connection with the �
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<br /> ,�;;��;::.:,,,,,,,,.d:.;;; loaneacceed the permitted limits,then: (a)any such losn chnr�e shali be reduced by the amount necessary to reduce the charge
<br /> ����t'�""�' to the pemutted Ilmit;and(b)any sums already collected from Honower which exceeded permitted limits will be refunded to `.
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<br /> •,",,,:�.-,.,�Y.,q�. Borrower. [.ender may choose to make this refund by reducing the princlpul owed under the Note or by makin� n direct �
<br /> .,��•..�.=t_ .._w�.:' payment to Bonower. If a refund reduces principul, the rr,cfuction will be treated as a panial prepayment without any ,�
<br /> :- •, :... .�. •, , prepayanent charge under the Note. �• `
<br /> '} t`+�`` �� �� 14.Notices.An nottce to Borrower rovided for in this Securit Iustrument shall be rven b deliverin it ar b matiln .�`�
<br /> ;,�'�.'�: '�- Y P Y K y 8 Y � �:: .
<br /> r �' it by fi rst class mail unless applicable law requires use of another method. The notice shall be ditected to the Property Address + ..
<br /> �� ' or my other address Borrower designates by notice to Lender. Any notice to I.ender shall be �ivc;n by first class mall to '
<br /> ���"'''� '� Lendcr's address stated hercin or uny other address I.ender designates by notice to Borrower. Any noticc provided for in this
<br /> .� =��=' . Sccurity lnstrument shall be deemed to have been given to Borrower or Lender when given ns provided in this par�tgraph. ,
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<br /> s��'« 15.Governing I.aw; Severability. This Security Instrument shall ba 6overned by fedcral law and the law of the
<br /> �;n;; , ,: jurisdiction in which the Propeny is located. In the event thut any provision or clause of this Security Instrument or the Note •
<br /> - ,� con0lcts wlth upplicable law,such conflict shall not uffect other provisions of this Security]nstrument or the Note which can be
<br /> �� � ' ` given effect withaut the conflicting provision.To this end the provisions of this Securiry Instrument and the Note are declared
<br /> to be severable.
<br /> - 16.Borrower's Copy.Bonower shall be given one conformed copy of the Notc and of this Security instrurctient.
<br /> :�� �� , � Form 3028 8/80
<br /> .' : Pago 4 018
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