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<br /> payments moy tto lun�cr bo requimd,ut the uption aP L.ender, if mortgngo insurunce coveroge(in the nmount and far the peflod
<br /> that Lender reqaires)providcd by nn insurer upproved by I.ender ugnia becomes avuilable and is abtoined.Horrower shsli poy
<br /> the prcmlum.a required to mninwin mortgal;e Insurance in effect,or to provide n loss reserve,until the requirement for mortgnge
<br /> lnsurnncc ends in acrnrdunre with uny wrluen ugreement beiween Borrower und I.cnder or applicubte law.
<br /> 9.Inspection.Lender or tts ogent aiay make�easonable entries upon and jnspecdons of the Property. Lender shall give
<br /> Bonower nodce nt the tIme af or prior to an insprxtion specifying res�sonable cause far the inspection.
<br /> 10. Condemnation.'The proceed.g of�ury uward ar claim for dumages. di�+ect or cansequ�ntial, in wnncxtion with any
<br /> wndemnntion or ather tuking of any purt of the Propecty,or for canveyance in lieu of candemnation,ane hereby assigned und
<br /> shall be paid ta Lender.
<br /> In the event of u total taklns of tho Property.the pracexds ehall be applied to the sums secured by this Secudty tnstruraem,
<br /> whether or not then due.with uny excess paid to Horrower. In the event of n pnrt3al taking of the Property in which the fair
<br /> market value of the Property immediately before tho tukIng is equal to or greater than the amo�nt of the sums secured by this
<br /> Secwtry[nstrument immedlately before the taking,unless Borrower and I.ender otherwise agree in wridng.the sums secured by
<br /> this Securlty Instrument shall be reduced by the sunuunt of the pmceeds multiplied by the following fracdon: (a) the Wtel
<br /> emaunt of the sutns secured rmmediately before the tekins,divided by (b) the fair�narket value of the Froperty Imatediately
<br /> befor+c t��c tahing. My bulartce shall be pnld to Borrower. in the event nf a partlni takIng of the Pmpe:ry in whIch the fair .
<br /> market value of the Property imraediately before the taking ls less than the amount of the sums secured immediateiy before the
<br /> taking.unless Borrower und Lender otherwise agree in writing us unless applicable Iaw othe�wisc proviJrn.tiic Niu�,ds shnl! -
<br /> be upptied to the sums secwed by this Scxurity Insuument whether ar not the sums ate then due.
<br /> if the Property is nbnndoned by Horrower.or if.after no�ce by Lender to Borrower that the condemnor offers to meke an
<br />� award or setde n claim for durnages. Borrower folls to respond to Lender within 30 days after the date the notice is given.
<br /> Lender is suthorized to rnllect and upply the proca,�ds,ut its aption.either to restoratton or repair of the Property or to thB sums
<br /> se�ured by this Security Inshument,whether or nnt then due.
<br /> Unless i.ender and Borrower otherwise agree in writing,any applicat{on of proceeds to principal shnll not extend or
<br /> postpone the due dute of the monthly payments�+eferned to in pamgraphs 1 and 2 or change the amount of spch puyments.
<br /> 11.Horrower IYoS Relea�ed;For6earance By Lender Not n Weiver.Extension of the time for payment or madificadon
<br /> af sa:ostizatl�n of tt�e�t3ms s!��re�!by th4e�'►.��cy in.umrnent ganted by Lender to any successor in interest of Borrawer sha11
<br /> noi opemte to release the liability of the originul Bonower or Borrower's successors in tnterest. I.ender shal!noi be reqaired to
<br /> commence proceedingR ngainst any successor in interest or refuse to e�etend time for payment or otherwise modify amortlzation
<br /> of the sums secured by this Security Inst�um�nt by reason of any demand made by the original Borrower or Borrower's _
<br /> successors in interest. Any forbearance by I.ender in exerc►sing any right or remedy shall nat be A tivaiver of or preclude the
<br /> exe�+cise of�"y'i'fght or remedy. �
<br /> 12. Suoce�.sors and Asslgns Bound; Jotnt and Several Lda6fftty; Co-sfgnere. Th� covenants and agreembnts of this
<br /> Security insuument shnll bind nnd benetit tho successors and assigns of I.ender and Hnrrower.�ubJect to the provisIons of
<br /> paragraph i7. Bonrower's covenants and ag�.emen�g shall be joint and several. Any Borrower wiro co-signs this Security
<br /> Instrumca�t but does not execute the Note: (a) is casisaing this Security Inst�ument only to mort�age, gr+u►t and convey that,.
<br /> Bonower's interest in the Property under the terms of this Secutity G�strument;(b)is not personally obligated to pay the sums
<br /> secured by this Security Inshument;and(c)ngrees that Lender und uny ather Borrower reluy t�greE tc�eatend.modify.fotbear or
<br /> make any accommcxlattorrs with regard to the terms of this Securiry Instrumertt or the Note without that Botrower's consent.
<br /> 13.Loan Chaxg�s.If the loan secured by thts Securiry Inatrument is subject to a law which sets maximum(oan charges,
<br /> ond Wat law is finally interpreted so that the interest or other loan cha[ges collected or to be collected in connection with the
<br /> losn exa�d the permitted limits,then:(a)any such loan c�iarge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted limit;and(b)unY sums atready col[ectai from Bormwer which excceded permitced limits wil!be�+efunded to
<br /> Borrower. Lender may choose tu make this refund by nducing the pdnclpa! owed uader the Note or by mnking a direct
<br /> payment to Bortower. If n refund reduces principal, the raductIon wifl be created as a pattiat pregayment without any
<br /> prepayment charge under ihe Note.
<br /> 14.Notices.Any notice to Borrower pn>vidai fur 6� this 5ccurity Instrument st�!! be gIven!+y delivering it or by mailing
<br /> it by first class mail anless upplicable taw requires use of another method.'fhe notice shalt be directed to the Proparty Addr�es.�
<br /> or eny other uddress Borrower designates by notice to Lender, Any notice to Lender shall be given by first class mail to
<br /> . Lender's�ddress stated hecein or any other address Lender designates by notIce ro Borrower. My notire provEded for in this
<br /> Security Instrument sh�ll be deemed to have been given to Borrower or Lander when given as provided in this parngtaph.
<br /> 15.Covernfng Lu�v; Seversb111ty. This Secudty Instr�ment shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property Is located. 1n rhe event that any provision or cluuse of this Security I�suument or the Note
<br /> conflicts with appltcubls law.such mnflict shal!not affect other provlstons of this Security Instrument or the Nate wh{ch cun be
<br /> given effect without the conflicting provisian. To this end the provisiang of this Secudty insUUment nnd the Note are declared
<br /> to bo severable.
<br /> 16.Botrnwer's Copy.Borrower shall be gfven one coafurmed copy of thu Note and of this Security Instrument.
<br /> , Form 9028 9J80
<br /> Poyo e or a
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