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wa.,�; .�i:t:.�r':y„`Qacrx.•:-'s' _ . .�_ .._.. .. . .. . . - -- . .._. , . _ . . :,, ...:. ...,. . �.-..,i.... � .....-, .. .- . _�-._'�— — - - _ - - . F�-. . � s r_ z..�.,_:._.�— 1.�s��►'Y paymcntss may na longer bo requlrcd.ut tha opliun uf Ixnder. if mortBnge insurun��ge(in the amuunt and fur the period ` thut Lcnder requlres)provlded by an insurer appmved by l.cnder ngule�becomes Avnilable and is obinincd. Barrower shall puy the prcmiums requicRd ta muintain murtBoBe insumn�e in eCfcct,ar to provtde n loss reserve,until the rec�uire�nent for maAgoge insurnncc ends fn acwrdance with any wdtten ugrccment between Borrowcr and I,ender or upplicuble law. 9. Inspectlon. Lendcr or ius ugent muy muke rensonablo cnt�ies upun and inspcxdona af the Prape�ty.I.endcr shell give Eonower nottce ut the time of ar pdur w uu inspectton,;pulfying e�asonnble cnuse for tfie ingpectton. — 10. CondemnaNan.The procads of uny nwnrd or cluim for damngea,direct or consequential. in connection with uny condemnatian or ather tnking of any pssrt of the Property�ar fur conveynrtce in lieu of condemnation.nrc hereby asaigned und shalt be paid to Lender. In the event of a total taking of the Praperty.the proceEds shatl be upplied to the sums secured by thi� Security Instrument. whether or not then due.with any excess paid to Banawer. in the event of a partial wking of the Property in which the fair market vnlue of the Property immediatefy t�efore tt�e taking is tquat to or greater chan the nmount of the aums secured by this Security Insm►ment immodiately before the tnking,unless Botrower and I.ender atherwise agree in wtiting. the sums secured by this Securlry Insttument shull be t+eQuced by the amount of the proceeds multiplied by the following frnctinn: (a) the tota! amount of the suma se�ured immedlntely before the telcing.divIded by(b) the fair mnrket value of the Property immediately beforc the taking. Any bulance sh�ll be puid to Borrower. In the event af a partiul taking of the Property in whIch the fair markct value af the Property immedtately before the taking is tess than che amount of the suma secured immediately before the tetcing, unless Bornower and i.ender otherwiss agre�in wrttfng ur unless applicable law otherwise provides,the praceeds shall be applied to the sums secured by thia Security Insuvment whether ar not the sums are then due. If the Property is abandoned by Borrower.or if.after notice by I.ender to Borroaer that the condemnor offers to make aa award or settta a claim for dsunages, Bortower fails to respnnd to i.ender within 30 days aRer the dat�the notice is given. _ Lender is authorized to collect and apply the proc�ds.at ita option,etther to reswration or repair of the Property or to the s��mc sxured by th(a Secudry Insm�ment.whether or not then due. �icadon of proceeds to principal shall not extend or Untess Lender and Bomower otherwtse agree in wridng, any app po$tpone the due dato of the monthly paymeats referred w tn parngraphs 1 and 2 or change die amount of such payments. 11.Bormwer Not Rdeased;Forbearance Sy I.ender Not a Waiver.Extension of the time for payment or modificatton of amortizatton of the sums securad by this Securiry Insqument granted by Lender to any succ�ssor ia intere.0 of Bonower sLall not operate to release the liability of the originat Borrower or Borrower's suceessors jn interest.Lender shail not be reyuired to oontmena pioceetlings against uay suvoessor in interest or t�efuse to extend Bme for payment or otherwlse modify arttortizadon of tho sums secured by thia Sec�dty Instrument by reason of any demand made bY ►he origiunl 8c�riowc�r or Burrauar'e � sucxxssors In interest. My forbcarance by I.ender In exercisia�any rlght or remedy shall not be a weiver of or pm,cluQe the exercise of any right or remedy. 12. Suooessors end As�signs Bmundi JoMt and�everal Llability; Co-slgners. The covenar►u►and agreements of ihis Sxur�ty Insttument shall bind and benefit the suocessors and assigns of Leander and Borrower. subject to the pmvisioas of paragrtiph 17. Borrower's ouvenants and agteements ahall be joint and seveml. Any Borcower who co-signa this Securlty Insmtment but does not execute the Note: (a) is oo-slgaing this Secudty Instrument only to mortgage, grant and convey that Borrowcr's inurest in the Property under the terms of this Secudty Instntrnent;(b)is nat persoi�ally obligated co pay the snms sxured by this Security Instrument:and(c)agrees that I,ender and any other Borrower may agreo to eatend,modify,forb�ar or make any ac�ommodations with regard to the terms of this Securtty In.stntment or the Note withaut that�onower's consent. 13.I.oaa Clutges.If the loan secured by this Security Jastniment is subject to s law which seta maaimum loan charges. � end that!aw is finally tntefpreted so thae the interest or other toan charges oollected or to be coitected in opnnection with the � loan exoeod th�pemiltted llmits.then: (a)any such lotm charge shall be reduced by tha amount necessary to reduce tha charge to the pem�ittad limit: and(b)anY sums alreadY collected from Borrower which eacceded pemdued limits will ba refunded to Bormwer. Lender may chaose ta► make this rePond by reduciag the principal owal under the Nota or by making a direCt payment w Borrower. If a rfund reduces pr�ncipal. the roduction w[ll be mated as a paiti�l prepayment without any . prepaymeat charge under the Note. ' . � 14.IVotkes.My notiae w Borrower provid�d for in this Securlty InstNment shall be gtven by delivedeg it or by mailing it by ficst class mall uatess applfcable law requires use of enother method. The nodce shall be directed to the Property Address or any other address Sonower designates by notice to Lender. Any notioe to Lender shal[be given by first class mail w Lender•s add�ess stated herein or any other address Lcnder designates by notIce to Borrower.Any nottce pmvided for in thia Securlty Insmiment shall be deemed to have been given to Borrower or Lender�vhen gtven as provided in this paiagrnph. 1S.Govetaing Law; Severabllity. 'ft►is Securlty Inshument shatl be govemed by federal iaw and the law of the jurisdiction fn whlch the Property ts Iocated. In the event that an�r provision or clause of this Secudty Insttument or tha IVOu confltcts with applic;able la�v. such conflict shall not affert other pt+�visions of this Security Intittcument or the Nlote wbich ran be given effect without the cantltcting pmvision. To this end tha pmvisfons of this Security Instrument.and the Note are declitred to be saverable. 16.Borrnwer's Copy.Borrower shall be given one conformea eopy of the Note and of thia Security Instrument. fortn 3028 9/80 Pp�4of8