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<br /> paymcnts muy no lonl,cr Uc tci�ui►�cd�at tliu u�tion nf L�:ud::r, if n�o�z�orc insurancc covcra�;c(in�hr.,unnunt and ti�r�hc pertiid -
<br /> tl►ut Lcrtdcr �•c��uires)provided by an ii�:;urcr a�provc�l by l.cndcr ngnin br.comes nva�ilnblc��nd is��itituincd. {iurruwcr shali pay
<br /> tlie premiums rcquirccl to maintnin martgngc insuruncc in cffcct,or to provldc n loss rescrvc,untfl thr reqidremcnt fi�r mortgabc
<br /> 6+suP�ncc ends in lccorcinncc with nny writt�n ngrccmrnt hctwcen�orrowcr and L.cndcr ur npplicnblc luw.
<br /> 9. Insnect�on. i,ender or Its ugeut �imy makc rcasonuble entrica upon und inspections uf tl�c Property• i,cnder shull glvc
<br /> Dorrowr.v i�otice nt th�dmc af or nrinr ta l�n inspcctiun tipccifyfag rcasotti�hlc cnusc for thc in+pa:tiou.
<br /> la. CondemnaUon. '1'hc arocccds ot'anv nwurd c�r claini fur duuiugey, Jircct or cunticyu�nti�il, in conncctinn �vith auy
<br /> condemnadon or other tnking of any part oi tiie Fropeny, ar ior conveyuna: iu Ifcu uf co�'demnation, an c�rcby s�sst��t�t uns:
<br /> shall be paid to Lender.
<br /> In the event of n tutal taking af the Properiy,the proceeds�hall be applicd to the sums secured by tl�is Security Instrumcnt,
<br /> whcthcr ar not tt�cn duc, with nny exc�ss puid to Borrower. In thc cvcnt af a partiul tnking of titc Property in �vhich thc flir
<br /> market vlluc of tho Properry immuiintcly befarc the taking is cquul to or grentcr thnn thc nmount of thc sums�ccured hy tlds
<br /> Security Instrun�ent immedlately bcfare the taking,unless i3orrawer im�Lender otherwise agrcc�n writing,the sums secured by
<br /> tiiis Security Instrument shnil bc reduced by thc nmuunt uf tlic proceeds multiplied hy thc following fr:ection: (a) the total
<br /> amount of dic sums securcd immediately beforc thc t�king, dividecl by (b) the fuir markct valuc of thc Prnperty immediutely
<br /> befbre the talcing. Any balance shall be pAid to Borrower. I►z the event of a partiul takin� of the Propecty in which the f;►ir
<br /> market v�lue of thc Property immediately befuxe the taking is Icss than the amount of th�sums sccurcd immcdiately bcfare�I�r
<br /> taking, unless Borrower and Lender othenvise ugree in writin�;oi•unless applicable law othenvise provides, the proceeds si�uil
<br /> 6c applied to ttte sun�s secured by this Security Instrumcnt whcther or nnt the sums are then due.
<br /> If the Propeny is nbandoned by Borrower,or if, after notice by Lcnder to Borrower thut the condemnor offers to makc un
<br /> awurd or settle a rlaim for da�nages, Borrower fails to respond to Lender within 30 days after thc date thc notice is given,
<br /> L.ender is authorized to collect and ap�ly the proceeds. a4 its option, either to restoration or repair of the Property or to the sums
<br /> secured by this Security Instrument.whether or not then duc.
<br /> Unless Lender and Bon•ower otherwlse agree !n writing, any applicution of praceeds to priacipnl shull not extend or
<br /> post�ne tha due dute of the monthly pa�ments r�ferred to in puragraphs 1 and 2 or ch�uige t►�e amount of such payments.
<br /> 11. Borrower Not Refeased;Forf�earaexce By Y,ender PIot a Walver. ExtensIon of the time for payment or modification
<br />� of umortization of the sums securcci by this Security Instrument granted by Lender to any successor in tnterest of Horrower shall
<br />� not operate to release the liability of the original Borrower or Horrower's successors in interest. Lender shall nut bc required to
<br /> commence pxoceedings against any success�r in interest or refuse to extend time for payment or othenvise modify amortization
<br /> uf the sums scGUred by this Sccurity Instrument by reason of any demand made by thc original Barrower or Borrower's
<br /> successors in interest. Any forbe��rance by Lender ln exercising any right or temedy shall not be a watver oi or precfude tne
<br /> exercise of any right or remedy.
<br /> 12. Successors and Assigns Hound; Joint And Sc:vernl Lfabillty; Caslgners. The covenants and �gree►r.ents c�f this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject ta the provisinns of
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower wtio co-signs this Security
<br /> Iastrument but dces not execute the Note: (a) is ca-signing this Sccurity Instrument only to niortgage, grant and convey that
<br /> Borrower's interest in the Property under the terms of this Security Instrucnent; (b)is not personally obliga4ed to pay the sums
<br /> securad l�y this Security�Instrument;and(c)agrees that Lender und nny other Bnnawer may agree ta extend, maclify,forbear or
<br /> make uny accommodations witli regard to the terms of thia Security Instrument or the Note withaut ihat Bonower's consent.
<br /> 13. [.ostn ChArges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> and that law is Cnally interpretecl so that the interest �r other loan churges collected or to be coUected;n connection with the
<br /> loan excad the permitted limits, then: (a)any such toun charge shall be reduccd by the amount neccssnry to reduce the chazge
<br /> to the permitttd limit; und(b)nny sums nlready collected from Horrower which cxceeded pennitted limits will be refunded to
<br /> ' Borrower. L.ender may choose to make this refund by reducing the principal owed undcr the Note or by making a direct
<br /> payment to Borrower. If a refund reduces pdncipul, the reductfos� will be treated As a partlal prepayment withottt any
<br /> prcpayment charge under the Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Secu�yty Instrument sliall be given by delivering it or by mailing
<br /> - ii by f:�t c!»ss m3i!e�nless applicab4e la�v r�GGires use of anotlier methrxl The n�tice�hall he directcd to the Property Address
<br /> or uny other address Borrower designates by notice to L.ender. Any notice ta Lender shalt be given by first class m:�il to
<br /> L.cnder's eddress stated liecein or uny other address Lender dcsignates by noticc to Bonower. Any notice provid�d for in this
<br /> Security instrument shall be decmed to have been given to Borrower or Lender when given as provided in this pusagraph.
<br /> , I5.Governtng Law; Severebillty. This Security Instrument shall be govemed by fecieral Inw and the law of thc
<br /> jurisdiction in which the Property is locntcd. In the event that nny pruvision oT clause of this Security Instrument or the Nate
<br /> conflicts with applicable law, such conflict shall not affect othcr provisions of this Secu�tity Instrument or the Note which can be
<br /> � given cffect without the conflicting provision. To this end the provisions of this Sccur'sty Tnstrumcnt and tlte Note are declnred
<br /> to be severable.
<br /> • 16.Borrower's Copy.Borrowcr sh111 be given one confomi.,d copy of thc Notc and of this Security Instrument.
<br /> ' Form 3a28 9/80
<br /> � Pope 4 of 0
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