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<br /> payrr�nts+iwy..nn I»nger bc re�uirr.a,ac the option af i.c�xler,1��ll'%1itg8$k ApSlil'di7tOC CUVC7A�jC(�n it�e an�,wtG dt�fur t�ics�eriutl.
<br /> °--- .• i..........�.�., �:I.J4�C��i�,a� ..I.te�a:i�r�l �1e�rmvmi•.hnll rmA
<br /> .. tT�:it��'IY'YI`i ii:i.U1C{:.`:}�!IU:it�l'4 iSV 1f1 6!]SilEc.f��[.`j)%i1VL:t1 U}� Lf:Iil��„��.haiii�i,..+n�....:..n:...: » .. .,. . . . . �._ ' . ___
<br /> zhe prcmiums�requir«I m n�aintsin riwrtgage insurai�:�;f�efixt,or tii pr�►vidc::�lass rexrve, unlit thc req+�ir�tn�nt tor nxmgugz
<br /> „ iosuran�x c:n�ls.in acco�dwx�a with w�y wrltten agrcemint bchvee:�Einrrower and Lsn�itr�r applicafile taw.
<br /> �D.iav�tk>n..Lr.ndcr or its nn�;nt n�ay rnakc rcasanabic cntries�t�x�n a�td inspections :if tlic Pio�:riy. I_ender sh:,il gi��c
<br /> Bom�wer rx�tiee at the cim�,of or�►riar N nn inspectian specifying rea.SOnable caasc tnr thr,insp;s,tion.
<br /> !0, 4:undtnuwUnn.The proececls of any awar�i r,r claini for it�anages, direct or canscqueiitinl. in �onnection witl� any
<br /> cuiadenui�.tiun ar other tlkiizfi at any�art of tha l'ropeny, or for conveynnce in lieu oE corxlcmnatioa, �r�l�creby assigned a�zi1
<br /> shali l�paid to l.cnder. �
<br /> Fn tt�e eve��t ur a total takuib of thc Froperiy,ttie pracc�eds shalt be app1ial to th�sums secured by this Security Inst�ment,
<br /> whr.ther or not thcn due, with an�excess paid to B�rrower.In the evcn¢af n partial fnking of thc I'roJ�crty yn whzch Uie fhie —_
<br /> market vc�luc of the Propeny immediatety before the tuking is cqual to or gra�ter than tl�e amount of thc sums seeurc,d by this
<br /> Scrurity Instrument imm�xliataly befores the taking,unless Borrawer and I.endcr nthenvise agrce in writin�,the sums secur�d by
<br /> this Security Instrument sltall tre ttciuced by tliu anwant of the proceeds multipliai by the following feaction: (a} the tota!
<br /> A�:��ur.:Gi.t.d�unr.:��ued imm.clir�4;before tlie t�.kin�,dividr�l My (h) thc fair markec value of the Property emmediatelv
<br /> befora the talting. Aiiy balance shall 6a paid to Hox-rower. In the evenc af a partinl taking of the k�operty in�vliich tha fair
<br /> market value of thr, Propeny immediately before the taking is lzss than the antount of the sums secur�d immecliately�efore the
<br /> taking,unless Borro�vcr�id Lcndcr otherwise agree ir_�vritiog or unless applicable taw othenvise provides,the procceds shatl =
<br /> bc applicd to thc sums secured by this Security Ynstrument whether or not the sums u►C ti cn due. . —
<br /> If ihe Propetty is abandoncd by Borro�vcr,or if.nRcr notice by Lender to Borrowcr that thc r.on�icmnor offcrs to make ar
<br /> award or settic a claim for dnmages, Borrower fails to respand to Lendcr witliin 30 days after die datc the notice is given, _
<br /> Lend�r is autl�orizcd to coller..x a�ad appiy the proccxds,at its oFtaon. cither to restomtion or repair of the Proqx:rty or to.thc sun�s
<br /> s�urecl by this 5ecurity Instr�ment,whether or not then due. � . _
<br /> �Jnless I..ender nnd DurrnviPr otherwise ugree in writin�. any applicatiun of praceeds to principal shall not extend or
<br /> postpone the duc datc o?thr,monthly pay�ne�ds referred to in parugrnphs 1 and 2 or changc th�lmount of such payments. ,
<br /> ■ar_i__, n_._.._._., .,���.., mane n.n+�..r�:�n�fin51
<br /> 1!. iL�wv��u�r 1!n!MOIsCiCNJ;hnrnamm�ce ny lXltuts i�a1i s •tna�a.i.>nw�miuu.. �..ti�i'iv}'v:^y.^.z...�...... __
<br /> of atnortization of the sums secured by this Securiry Instrumcnt granted by l.cnder to any succe�sor in interest of Borto�ver shatl
<br /> nat operate to celease 2he Ifability of the original Borrower or Borrower's successon in interest.Lender shall not b�rcc��ired to
<br /> commen�e procesdings ugainst any succcssor in interest or refusu ta extcnd time for payment or other�vise modify ammrsiz�tion � .
<br /> oF the sums secured by this Security Instrument by reason of any dem;tnd made by the ori�inal Borrower or Bozro�ver's
<br /> successors in iiiterest. Any forbe�umtce by [.ender in axercising any right or zemedy shal{ not be a waivcr of or preciude thc
<br /> exercise�vf any righi or remedy. ' �
<br /> 12. Suocessors and�lssisns �owid;Joint And Sa�era6 L9abllity; Cas�gners. 7fie cavenants and agreements of dzis �
<br /> 5ec:uriry [nstrumene shall bind and benefit the successors and nssigns uf Le�der und Borrower, subject to ttte provisions of ___
<br /> para�raph 17. Borcower's covenants and agreemenu shall be joint and sevcral. Any Bottower who co-si�ns diis Se.curity ..---
<br /> Instrument but dues not execute the Note: (a) is co-signing this Security Instrument only to mangage,grant and convey tl�at a�.:-
<br /> Bm•rawer's interest in thc Property under the terms of this Security Instrument; (b)is not personally obliFated to pay the sums ----
<br /> secuicd by this Security Instrument;and(c)ngrces that I..ender and any other Borrotver may agcee to extend,modify,forbear or ;;:�'
<br /> makc any accomrnoda.tions with regard to the terms of tliis Securiry Instrument or the Note without that Dorrower's consent. �.�-,
<br /> i3. Loan�hnr��es.1f tlie loan secured by this Securiey Instrument is subject to a law whicl�sets m�ximum loan charges, r�.,
<br /> and that �aw is Cnally interpreted so th�t the interest or ofher loan charges collccted or to be co�lected i.n conncciion wiUi the 4__-
<br /> loan exceed the permitted limits, then:(a)any such loan charge shall be reduced by the amount necessary to ralucc the char�e _ __
<br />- to tlic permitted limit; a��d(b)any sums alrendy coUested from Borrowcr�vhich exccedcd permitted limits tivill be refunded to ���_=�`�
<br /> Horrower. Lendes may choose to make this reiund by rutucing the principai owed under the Note or by making a direct �u��
<br /> R:-,�-.
<br /> payment to Borro��•er. If a refund reduces principal, the reaiuction will be treated ns a partial prepayment without uny '"-.:-
<br /> �:.�_.,
<br /> prepayment charge ander the N,�te. :��-•:
<br /> �..u'i
<br /> 14. Notices.Any notice t�T3urcower provided for in this Sccurity Instrumcnt shall be given by delivering it or by mailing �,-:
<br /> it by t'irst class mail unless appf9cnble law requires use of another method.The notice shall be directed to the Property Address �;��,�,
<br /> . or any other address Borrowei desi�nates by notice to Lender. Any notice to Lendcr shall be given by first class mail tu :��r;:
<br /> : Lensier's address stated herein or any other address Lender designates by notice to Borrower. Any notice provid..d for in this - '
<br /> Ser.c4rity Instntmcnt shap be da;med to have bren given to Borro�ver or Lender when 6ivcn as provided in this paragnph. . ,',
<br /> hS. Guvcrning Lnw; Severs►biltty. This Security Instrament shall in: govcmed by fcder,il Imv and the la�v of the °
<br /> jtirisdiw:ion in whicli the Propr,rty is tocated. In tlie erent that any provision ar claus�of this Security Instrument or die Note
<br /> cenf�icis with applicablo law,such conflict shaill not affect other provisions of this Securiry Instrument or the Note�vhici►san 6e
<br /> " given eftect a•itE��A�t ei�c wnflictin�provision. 7'o this end Uie provisic•ns of this S�tiurity Instrument w�Q Uie Note are declared
<br /> to be severahlc. � „
<br />"� I�i.Borrowea�'R�opy.Hore�ower sh:ill be given one confarmed copy of the Note and of this Sccurity Inst�vment.
<br /> Fonn 3028 9/80
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