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<br /> 96� �,�4�� ��-
<br /> ' paymeots tnay nts longer bs required. at the option of Lender.if mortgage insurance ooveroge(in the am.ount and for t[te p�ROd ��_
<br /> ' tit�i Leadet c�quire;,}provided by on insurer s,pproved by Lender�s�aln bewm�available and is obtained.Borrower shtsll pny ;�-
<br /> . dte pre:niurns ceqpis�d to mainuun mortgage insurance in effect,or to provide a loss eeserve,until the res�uirement for mort�e ,�
<br /> `� ` insu�t��ends in accor�anc��vith uny written agcement between Bo�oner and Lender or spplicable law. F .,,
<br /> 9.Inspaciioa.Leader or tu ctgent may[nake reasoaa6le entries upon iued inspections of tbe Property L.ender shal!give ;�
<br /> Bmrrowes nouce a.t qhe time af or prior tA un ir�spection speccfying reasonable cause fot the ins�ection• ;!�.
<br /> I€!. Cond�tQoa.fihe pmceeds of any award or claim for damages. direct or conse�uential, in oortnsction with any _
<br />.�� .` asndemnatian or other taking of any pan of the Property.ar far coavey:nce in lieu of cottdemn�tion,�re liereby assigned and 1�-
<br /> • shal!be paid to Lendzr. :�
<br />�"' In the event ef a total takin�of the Property.the proc�eds sha11 be applied to the sums secure�by this Setariry Insitumeai. �---.
<br /> �—
<br /> � whether or not then dus.tivith any excess paiA to Borrower. In the evcn,t of a ps,-tiat 'a�g o:ths Ps'aF°-mf en vr�iich t�p f�ir -`
<br /> ° market value of the PropErty immed�ately bef�re the tuidng is equal to or greater than tt�nmount of the sums sewred by this �as
<br /> Se�curity Instrument immediatety before the taking,untess Bonovrer and lxnder otherwise agree in writin8,the sums sECUred by '�'-
<br />�-�• � this S�curity Insuument sliall be�educe� by the amaunt of the proce�s muit[nGed hy the follawing fia�ion: (a) the total C�;:
<br /> amovnt of the sums secured immedia!elY be�n=ttte wking,divided by(b)the fair aaar�cet vt�ius of the Praperty immediately
<br />' before ehe taaing. My 6alunoe shnll be paid to Barmw�r. in the event of a partial ta3�in�of the Froperty in which the fair
<br /> market valus af iha�e�.Y immed'eately before the taking is tess t8an the amount of the�ms secured immadiatelY 6efoie the ;�'•`
<br /> �'.� � �ing.unless gurra�v�g and I.ender otherwise ugee in writiag or untes,s applicabte!ew otherwese providcss,tha prooEeds shall ;-
<br /> < .�.� be applied w the snms ses�ued aY this Secarity In�ment whelher or not the sums are then due. �
<br /> ses ue !
<br /> . If ttie Properry is abandoned by Borrower.ar if,after notice b1 Lendar to Borrower thas the condeut�ox offers ta ru��r __
<br /> award or setde a ctaim for damages, Borrower fails to respans9 La Leuder witbin 30 days after the date the notice n g�y� `��
<br /> . �,; Lender is authorized ca collect and apply the prooezds.at its op�an, either ta restor�tion or npasr o€th�Property or to t�sz:.-�s �_
<br /> � s e c u r e d by t fi s S e a u i t y l a strnment,whether or not then dae. � ,
<br /> Unless Lendes and Borrower otharwise agree in writinS, a�Y aPplic��3 of proceEds w prinsipal shall not extend or . �
<br /> ' postpor�n t��du�date of the monthi:r payments referred to in gaza8*�P�j�2 or change the amoont oF sucb paymeants.
<br /> ' g�{�rssrower Noi Aeleas�cl;}�'arbearaace S9 I.end�r PIot a�A'siver.Extansion of�time for payment or madifiration _
<br /> of asaorti�tion of the�ums secured 6y tbis Securiry Iasdument gtanted hy Le�er to auy�'��^r in interesc of Bormwer shall '�
<br /> � not ogetate to relea.��e liability of the oripina!6earowe�or Bor�vwer's saa.�ssv:s in in�'��L.ender shal!not 6e required to .�:
<br /> commeace proocedings against any successor in i�r�st or refuse to extend C�fot payment or atherwise modify amanizatlon �_
<br /> of 4he��s secnred by this Sscurity Instramem by reason of any+ dernand made by the original Borrower or Borrovrer's
<br /> , . � suoo��..s in interest. Any fotbearance by Lender in exercising any rig6t or remxdy s5a11 nat be a waiver of or pn�ci:tde the
<br /> eaerciseo�a�y ri�t a�temedy. °_
<br /> 12.S�;s� Assigas Boaad;a��a s�e��e�uey, �o-isigae�s. 79�e covenants arid egreemenfs of this
<br /> n
<br /> . � Secwity tnstnun�:=r�bind and bznefit t�a s�cess�rs and assigns of Len�er se� Borrower. sabject to t�he pmvisioAS of . :
<br /> Y,�;.;';.,,,, para�-a,,�p J7. Bor..�i+zr's oovets2^_.*s anQ agreements shall be joint and several. Any Boaower who co-signs this Security .
<br /> Insm�rtnti r�at does c�t execute~us 2vate: (a)is co-sipiing this Securiry Instrumeat onl��¢more�uge,gran4 and canvey that �.
<br /> Bosr��:+p:',3 int�re5t in tha Pro�erty.uader the terms of this Security Insnument;fb1��wG�ontilly obB�ate3 to pay f:a sumg
<br /> .*
<br /> � • ����ihis Sec�*;.. Insuum�nt.and(c)a3m�cis�t Lender end aay otf�r�atrawer mai agree uu er.ttffi?�,'piadify,f�aar or =
<br /> mz?c:�:.:��.�commod�ions with regaid to the tecrr•s ra[ahis Secudty Instrum��.*�the Note without thst L4�swex's car�nt.
<br /> , E�:ifdJ�nn Chwy;es.If the loan serured by��,^�Sea�ricy Inswment is sabj�t to a law wluch se�maxitnura lo:�.�:tttuges, —
<br /> , . and t�it•l,�sv is fivally intezpreted sv that We interest.or�e��1oa.�charges collected or to be coltected in oonn�ae;"'wltb the
<br /> . loan eicas�d the pemzitted timits,th�a: (a)any suc7�Ec�7�n'h���all be reduced by the amount ueoessary to�eduoe t;Fr.charge _
<br /> �. to the permitted Gmit:�aad(b)airy sums aimady aallec7ed fmm Botrawer al'sich exceeded permitted limiu will be refiraded w
<br /> ' Baaower. Lender saay ehoose ro matce this refuud by reducing the p�aipn� owed under she Note or tiy malceng a dire�x
<br /> ., paym�t to Borrower. If a refund redua�s principal. the reduction wilt� tie treated as a partial prepayment without aay
<br /> %.. . , pt�:,s/,,t�nt charge under the Note. . ,
<br /> '� t�fl:�iotias.Any aotice w Btav�+��ver provided fos in thia Security Inswment shall Cte s�aven by delivering it or t��;mailing.
<br /> , � , :t tsy trst clas9 mut t�niess applicabie'taw re�,�res use of another method.The notice sLall fie directed to the Proger;f�A�dress !-
<br /> ' . � ot any�other ar�dress �orrower designate.c ib1• �tt�tice to Lender. Any notice to Lender shall be givetk'bF ficst'c�a!'s�nail to
<br /> I.er,�'s sddress s.t�ed her�in or any other addr�ss Lender designates by no6ce to I�orrower. Any no4iu�::��c��v�:.'u�ui tbis .,,�;���. �
<br /> 3ecuri.+�j�nstrumtc�t shall be deemed to have been given to Borrower or I.tnder when given as provided in this p:��th., . _
<br /> ' t1,�.�GOUCrnSmg Law; gtverabilityr. This Security Insuument shall be govemed by federai� taw and��• 2cw�of the
<br /> . � '. jurisdiction i�wfi�3•:th�Propeny is located.In the evrnt thst any provision or clause of tAis Securiry Ias�,IT.�t.'�.t�t�re Note
<br /> . � oonflicts wiW apFtiAa�bls law.such conflict shall nat affect other provisions��tf t�'us Sacurity Insuatnent e�r tt3�.l�cc3�►�Sa�i�caa b�
<br /> • given effect without the conflicting prnvision.To this end the provisions o�t�is Secvrity Insnument an�3 t�e I�Ior��:�dacl�d•
<br /> to be meveiable.
<br /> . Ll�.Borrnwet's Copy.Boaower sha116e g,iven one conformed oopy of the Not.n�r��this Secutity lnsu'um�L'+• .
<br /> . . Fam 3D28 9l80 _..
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