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<br /> N�y�4JL�'C�t'��.1 �-
<br /> payments m�y no IonBcr be rcquircd,nt tho o�tion of I.cnder, if mon(;nae insuriuice coverare(in the�motu►t and for thc��c�aY ;�
<br /> that Lcndcr rcyuires)�rovidcd by an insarer approvcd by L.cnder ngain becomes a��ailable ancl is abtUincd. l3orrower shnll �
<br /> the prcmlums requircd to maintain mortgage insurance In effcct,ar to providc n loss rescrve,until thc requiremcnt for martgagc
<br /> insurnnce ends in nccordnnce with any written agrcement betwrxn Barrower and I.cnder or npplicublc law.
<br /> 9.Inspect[an. I.ender or its agent inay makc rcasanablc cntrics upon nnd inspecttans of thc Praperry. Lendcr shnll givc i
<br /> Dorrowcr noticc at the dme af�r prior to an ins�cti�n Fpecifyin�reti�ouablc cnu=e for the inspcction.
<br /> 10. ion ar othcrtaking af nr�p rt�of t�c Praperty,orlfnr�conveynncc in licu��f amdc nnulon,nrc hcreby�usslgncd und -
<br /> condcmnat
<br /> shnll bo paid to[.endcr.
<br /> ln thc event of n total takiug of thc Prc►perty,dtc procccd�;hhtdl he uppllcd ro thc sums sccttrcd by this Securfty Insh•umcnt,
<br /> whcthcr or not tiicn Juc, with nny cxcess puid to I3i�rruwcr. In thc cvcut uf u pardul tnking of thc Praperty in which thc fair
<br /> markct vulac af thc Pruperty immcdlutcly hcfurc thc taking Is cNuul t��or grcuter tlum thc amount nf thc Ewm nccurccl by thfs
<br /> �,curiry Instrumc��t immcdiatcly bti:fm�c tl�e u�king,unlcss Bsirr���ycr nnd l�cndcr nthcrwisc ugrcc in wrldng,thc sums scc:ureJ by
<br /> ►his 3ccurity Inatrumcnl shull bc rcductxl by th�: nmaw�t of thc prcxccdN multiplicd by thc following frncNon: (a) tl►c total
<br /> iunvunt of the sums hecurcd immediately befarc the tnking, divtdcd by(b) the fair mnrket vnlue of thc Property immaYiutcly
<br /> hcforc tho taking, A��y bulsncc si�nll bc pnid to Borrowcr. In thc cvent of n partlal tnking�►f thc Pruperty in whfch thc fidr
<br /> murkct vuluo af thr.Aeaperty immcdintely bcfore tt►e taking is lcss than�he umount of thc sums secured immediately before the
<br /> tuking,un�ess Bottowcr nnd Lcnder othcrwise agrec in writing or unlcss upplicublc law otherwisc providcs, thc proceeds shall
<br /> be nppNed to thc sums securcd by this Sccurity lnstrument whcthcr or not thc sums sre thcn dua
<br /> if the Property is abandoned by Rorrower,or lf,atter notice by i.ender tu Aoc�ower thnt tho condemnor offers eo�nake an
<br /> award nr settle n cluim for damages. Horrawer fuils to respond to I.ender�vithin 30 duys nfter the dnte the notice is given,
<br /> Lcnder is uuthori�ed to collect und apply the pracceds,at its optian,eithcr to restoration ar rcpair of thc Pro�erty or to the sums
<br /> secured by this Socurity Instrument,whcth�r or not then duc. �ication of roceeds to rinci al ahall not extencl or
<br /> Unless Lender and Borrower otherwise agrce in wdtins, any app p P P
<br /> postpane the due date of tl�e monthly payments referred to in parngrAphs 1 and 2 or change the amount of such payments.
<br /> 11.iiarrower Not Released;Forbearance By l.ender Not a Wufvcr.Extcnsion of the timc for payment or mod'eflcation
<br /> of amortfzation of the sums secured by this Security Instrument granted by Le.nder to any successor in interest of Borrower sliall ,
<br /> not operate to retease the liabllity of the originnl Borrower or Borrower's successors in interest. Lender sh�l!not be required to
<br /> commence proceedings u8alnst any successor in interest or refiise to extend time for payment or otherwise madify amorti•r.ation
<br /> of the surns secured by this Security Instrument by renson of any cler►�and made by the original Barrower or Barrower's
<br /> successors in interest. Any forbcarance by Lender in exercising any rigi►i ur icr��y o��!nuL�s:°�"°r nf nr nrn.clude the
<br /> exercise of any right or remedy.
<br /> 12. Suceessors s+nd Assigns Bound; Joint and Several I.iabi8ty; Co-signers. The covenants and agrcements of this
<br /> Securtty Instnra�ent shall birxl and benefit the successors and assi�ns of i.ender und Borrowcr, subject to tlie provisions of
<br /> pazagraph 17. Borrower's covenants and agreements shull be jaint 1nd sev�ral. Any Borrower who co-signs this Security
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage. grnnt and canvey that
<br /> IIorrowcr's interest in tt�e Property under the terms of this Securiry Iristrument;(b) is noi personally obligated to pay!he sums
<br /> secured by this Serurlty Gistrumcnt;and(c)agrees that Lender and any othcr Bonowcr may agree to cxtend,modify,forboar or
<br /> ma1:e any aceommodations wlth regard tu the terms of this Securicy Instrument or the Note wlthout tfiat I3orrower's consent.
<br /> 13. Lo�n Chnrges.If the toan secured by this Security Instrument is subject to s law which sets maxintum loan charges,
<br /> und thut law!s finally intctpreted so thnt the interest or other loan charges collected or to be c:ollected in connection witl�the
<br /> loan excad thd permitteci limitH. then: (u)any such loan chnrge shall be reduced by ttie amount necessary to reduco the charge
<br /> to the permitted limit:and(b)any sums slready collected from Borrower which exccai�d permitted limits wiU be refundai to
<br /> Bonower. i.ender may choose to make this refund by reducing the principal owed under the Note or by making :► direct
<br /> payrc�ent to Horrowar. If n refund reduces principal. the reductlon wlU be trcuted as a partu�! �npaYrne�►t without any
<br /> �rrcpayment chasge under the Note.
<br /> 14. Notice9. Any notice to Borrower provided fur in this Securiry Instn►ment sh�ll bc givcn by delivering it or by mailin�
<br /> c
<br /> it by Cirst class mail unless applicable law requires use of unothcr mcthod.Tl�e notice shalt bc directed to ii�e r�u�iiy Ad z:,��
<br /> or uny other addr,ess Bonower deslgnates by �otice to Lender. Any notice to L.ender shall be �iven by Pirst cluss mail to
<br /> I.ender's address stated herein or any othcr ldslress Lender designates by notice to Borrower. Any notice provided for in thls
<br /> Security Instrument shall be deemcd to huve been givcn to Bonower or Lender whcn�iven as providcd in this paragruph.
<br /> I5. Govcrning Law; Severability. Th[s Security Instrument shall bc governed by federnf law and the law of the
<br /> jurisdtction in wl�ich the Property is lac:atod. In the event that any provision or clause of this Securfty Instrument or the Note
<br /> conflicts with npplicable luw,such coniliet sliall not affect other provislons of this Security Instcument or the Note which can be
<br /> givcn offect�vithout tl►e conflictinB provisimt. To tbis end thc provisions of this Security instrument nnd the Note nrc declnred
<br /> to bc sevcrablc.
<br /> 16.Bon•ower's Copy.�onower shall be�iven one conformed copy uf'the Note and of this Security instrument.
<br /> Form 3028 9/80
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