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<br /> ,. paymciuti u�ay m� lonticr h�rcquircd. �R thc uptiun uf L.cndcr. it nturtE;agc in,urancc rcwcra�r lin thr anu�unt and fnr thc p�riod �
<br /> y that I.�n�lcr rryuircrl pr�,vidcd Ny un in�u�'cr nppruvcd by I.cndcr iigain bcromc+.iv;�iluhlc and i�ahtuincd. lioirowcr shtdl pay _
<br /> - . thc prc�ttlum, rcqu+rcd tu nwint+►iu mu���;iiHc intiur,uscc in cffcct. c�r to providc a latiti rescrvc. until thc rcquircmcnt fur mortra�c -
<br /> � IIISUf�iI1CC C�1�Iti IIl i1CC��f�I,ut�c with imy �vritcen uk;recmrnt bctwccn E3orro�vcr unJ I..cndcr ur upplicublc luw. -
<br /> � • V. Insp�rU�m. l.cifdcr nr its a�:cnt muy mukc rcasanablc cntric�up�m and inspectiuns �,f thc Pruperty. l.cndcr shall givc _
<br /> p��rruw�r nutirc m d�c timc uf ur priur tu an intipcctiun�pccifying rca�unublc c��u�c for thc inspecti,,n. _.
<br /> . �'` 111. Co�ulemm�tlon. 'fhc prucccds uf nny uwurd or cl.iint fur dtuuugcs. dircct or run,�yuential, in cunncrtion +:�ith any �-
<br /> y��'�' rnndemnution ur uthcr tuking ��t'uny part of�tlie Prc,perty. or for conveyuncr in lieu of condemnution, are hereby assigned and
<br /> � _�" �� sh,�l l bc paid tu l.cndcr. °
<br /> In tiu cvcnt of u tutal taking��f thc Prc�perty,thc proccrds shall bc applicd to thc sums sccurcd by chis 5ccurity[nstrumcnt. _
<br /> ,P�� ' whether or not then duc, wi�h uny excess paid to Horruwer. In the event of a paniul taking of the Property in which the fair _
<br /> 'F inarl;ct valuc uf thc Praperry immcdiatcly 6cforr,thc taking is equal to or grcatcr than the umc�unt�if thc sunis securcd by this `�
<br /> Security Instrument immediutely beft�ra the takin�.unless Borrower and Lender otherwise.igrec in a•riting, the sums sccured by _
<br /> .`� " this Sccurit Instrument shsll bc rcduccd by thc amount of the proceals multiplied by the following fraction: (a) the total -
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<br /> _..,3 anwunt uf the sum� sccarcd immedintely be(oro the taking, divided by (b) thc fuir marlcet value of the Property immediately
<br /> .1'°�:,. ' ."; bcforc thc taking. Any bal��nce shall be puid to Borrower. In the event of a partial taking of thc Prop�rty in which thc fair
<br /> �:�wy�f,�;,��i murkct valuc of the Propeny inunMliutcly before the tuking is lcss than thc nmounl of the sums securcd immecliutely beforc i�•• _
<br />::'�,r�`'j�..� taking, unlcss Borrower and Lendcr othcrwise agree in writing or unless applicahle law otherwisc pravides, the proccecis tih.�il
<br /> --- � ` �' be ap�licd to thc sums�ecured by this 5ccurity Instrumcnt whether or nut the sums are then duo.
<br /> .i:�r�;,,� :
<br /> a� i� the Pro,�rt, is uba� loned by Borrowcr,or if, after notice by Lender to Borcower that the condemnor offcis to make an
<br /> ���R:`:�'�7'� awurd or settle a cluim for dnmuges, Borrower fnil� to respond to I.end�r within 30 days after the date the notice is gi��en.
<br /> _'- �: Lender is authorized to collect and apply the proceeds,at its option. either to restorntion or repuir of the Property or tc�the sums
<br />- '_ .e+�� ,
<br />�+:_.:€�p�lr_. . secured by this 5ecurity lnstn�ment,wliether or not then due.
<br /> _��;;�„ti,; ' Unlcss Lcndcr and Borrowcr othcrwise agree in writing, any application of procceds to principal shall not extend or
<br /> - '"'°F°'i,�^• postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change thc amount of such paymcnts.
<br />_.�;�,���;�
<br /> - 11.Borrower Nni Releflsed; Forbeurance By I.ender Not u Wutver.Extension of thc time for payment or modificntion
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<br /> --��,�,� of amortization of the sums securcd b��this Security Instrument granted by Lender ro any successor in interest of Barrower shall
<br />'—==^�`•�� not operate to relcase the liubility of thc original Borrower or Borcower's successors in interest. Ltnder shall nnt be rec�uired to _
<br /> __Y���;,?'� commence procecdings against any successor in interest or refuse to extend time far puyment or othcnvise modify amortization
<br /> —_ af t"� sum.s �^.ur� h; r��� cr���r�ry Tn�miment by reason of any demand made by the original Aonower or Borrower's
<br />""�^'°;R""'�� successors in interest. Any forbearance by Lender in exercising any right or remedy shull not be a waiver ot or preciucie the
<br /> _ =.%����� exercisc of s►ny right or nmcdy.
<br /> -°_— �.. 12. Successors and Assigns Bound;Joint und Several Linbllity; Co-si�ters. The covenants and agreements of this
<br /> �� Security Instrument shnll bind and benef►t die successor:n and assigns of Lender and Honower, subject to the provisions of
<br /> —�'R'� paragraph 17. Borrower's covenants and agreements shall be jaint and several. Any Borrower who co-signs this Sccu�ily
<br /> -`=`�� Instmment but doag not execute the Note: (a) is co-signing this Securiry Instrument anly to mortgage, grant and com�ey e�.�t
<br /> -- Borrower's interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> - securcd by this Security Instrument; and(c)agrecs that Lender and any ather Borrowcr may agrec:to extcnd,modify,forb�ar or
<br /> make any accommodutions with regard to the tenns of this Security Instrument or the Note without thet Borrower's consent.
<br /> _;,�� 13.I.oan(:haeges.if the loan secured by this Securiry Instrument is subject to a law whicli sets maximum loan charges,
<br /> -- and that luw is 6nally interpreted so that the interest or other loan charges collected or to be collected in connettion with the
<br /> loan exceed the permitted limits,then:(a)any such loan charge shall be red�ced by the amnunt necessary to reduce the charge
<br /> — ro the permitted limit and(b) uny sums already collected from Borrower which exceeded permitted limies will be refunded to
<br /> Borro�ver. Lender may choose to make this refund by reducing the principal owed under the Note or by rnaki�,r a direc:t
<br /> payment to t3urrower. If u refund reduces principal, the reduction wiU be tmated as a partial prepayment �vithout any
<br /> - prepayment chargc under the Note.
<br /> — ---- - 14.Notiees.Any natice to Borrower provided for in this Secariry Instrument shull be given by delivering it or by mailing
<br /> it by Gcst class mail unless npplicnble law myuires use of another metl�od. The natice shall be directed to the Property Address
<br /> - or any other address Bonower desi�nates by notir.� to l.ender. Any notice to Lender shall be given by first class mail to
<br /> - Lcndcr's address statcxl herein or any other uddress Lender designates by notice to Borrower. Any notice provided for in this
<br /> -� Security Instrument shall be deemed to have been given to Borrower or Lender when given as�rovidecl in this paragraph.
<br /> --= 1.5.Govcrning Law; Severability. This Security Instrument shall be govemed by fedcral law nnd thc law of the
<br /> ' jurisdiction in which the ?roperty is loc:ited. In the event that any provision or clause of tl�is Security Instrumcnt or tlie Note
<br /> - - conflicts�vith applicable�aw, such conflict shall not uffect other provisions of this Security Instrument or the Note which can be
<br /> _.�_____ given effect without the conFlicting provision. To this end the provisions of this Security Instrument and the Note are declared
<br /> to be severlblc.
<br /> ____ -�-- 1G.Borrowei°s Capy.Borcower shall 6e given one conforn�ed capy of the Note and of this Security Instrument.
<br /> - ----= Form 3028 9/80
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