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<br /> „ �;.. . 9�- 104525 � �_ _ _ .�;;�._
<br /> �• � poymentn m�y no lunge►he required,at Ihe option of I,ender,if mortgagc in�surancc covcragc(in the atnount onct for thc peri�c! �_�____. --
<br /> _ � that Lender requirca)provided by an insurcr Approvod by l.ender again becomca available w�d is obtoined. Anrrnwer ehall pay ��•°"'"�
<br /> . _ ,.__ �Iw�nr.mium�ro4ufred�n nulntoln tix►rtp�a�[e insurance in effect.or ta provide a los�reserve,until tha requircment tor mort�e
<br /> , iiauranoo end�in�ccotdance with any w�ltten nQrameM between dorrower and Lender or appiicw5le law. �-y�----'` °
<br /> � � : ` , 9. ltNpeetloa. Lendet or its yent rtwy maice r+e�sonablo cnt�ie�upan a�d inspections of the Property. Lender �iwll�iva � _�-
<br /> � � • Banawer notice pt�he tiit�e af or p�iar to�n inspection�pecifyin�re�onoble cause far the inapaction.
<br /> �' . . 10. Condemnatlon. The praceade of ony pword or cl�im for domages, direct or consequential, in connectlon with any "_
<br /> • "' rnndemnation or aher inlcine ot any put of�he Propeny, or for convayuKx in liw af condem�wlian, are hercby acsigned wd
<br /> • �iull be paid to Lender. --
<br /> In the event of a IWaI taking af the Property.lhe praceeds shell be applied ta 1he sums socurad hy thi�Secu�ity Insttument.
<br /> —�� . . . w{�c�i�� u� iwt thcn duc. wl►i�m�y C,►u:�s palJ to Rorrawcr. In thc event af u piutia!taking of the Praperty in �vl►ich the i'eir �''�_'---- .-•.
<br /> - • m�uket value of the Property immediptely befarc Ihe taking ia equol�o or grcater than the artwunt of the cum�savred by tF�ia �!��-°��
<br /> ' • Security Instrument immediwely beforc the taking.unlas Bonawer and Lender otherwisc sigroe in w�iling,the sums securod by
<br /> � this Seru�ily Instrument shell he reduced by the amount oi the procxeda multiplied by the following frnction: (a) the wW
<br /> anwunt�f Ihe aums aaured immediately beforc tha taking,dividal by(G)the fafr muket value of the Property immali�tely
<br /> befare the Iaking. Any bal�nce ahAll be paid to Borrower. In the event of a panial Iaking of the Property in which the fair —
<br /> � market value of the Property immedlotely before the teking Is Iess then the amounl of the suma secured imrtudfately before the e
<br /> . ' `� taking.unleas Borrower and Lender otherwise agrce in wridng or unless applicable law otherwice providd. the prooeeds�hiJl
<br /> 6e nppUed to the aums sxured by thl�3ecurlty Instnrment whether or not the eums ero then due.
<br /> , if the Property is abandoned by Horrower, or if.after natice by Lender to Aormwer th�t the condemnor offe�a to meke an ��":a°:=
<br /> , award or settle a claim fo�damAges. BoROwe� fails ta rcspond to Lender within 30 daye aRer ihe date the natice iR given, R�- --_
<br /> Lender is authodzed to collat w�d nppiy the procads,at its option,either to rcstoracion or rcpair of 1he Aropert�or to the wm4 �'`'- --
<br /> �cured by Ihia Security inslrument,whether ar not then due. `-�_-�-=-
<br /> � . Unless Lender and 8orn►wer othenvise agrce in w�iting, any applicadon of proceeds to priocipul sha11 rat extend or �`'_��.'�-.-_
<br /> ,, postpone the due date of the monthly payments referred to in parngraphs 1 nnd 2 or change Ihe amaunt of quch payments. �
<br /> 11. Bon�ower Not Reles�sed;Forbea�nce By I.ender Not a Waiver.Bxtension of Ihe time for pnyment nr modification
<br /> of amortization of the sums secured by Ihic Securily Ins�rument grunted by l.ender to nny succcssor in interect af&irrower ehall
<br /> not aperate lo rclen.ce the IiabiHty oi the originui Barrower or Borrawer's gucceasors in interest.Lender�hal1 nnt be required to — _
<br /> . � commence procadings egainst any successor in interest or �efuse to exteix!lime for payment ar athenvise madify wnorti�.ation ���-�•
<br /> of the sums securcd by thia Securiry Instrument by rwson oP any demanJ made by the original Borrower or Borrower's I �----
<br /> succescors in interest. Any torbcarance by Lender in exercising any �ight or remody shall nol be A waiver oi o�preclude the
<br /> • exereise of any right ar rem�dy. -
<br /> 12. Successore and Acgigo.g Bound; Joint And Several I.fabilit�; Ca»iRnenR. Thc covennnts nnd agreementa of thic
<br /> Security Instrument shull bind and benei'it the successors wid acsigac�i I.encfer and BoRawer. subject to Ihe provisions of �'..-
<br /> _= -- - `� par8groph 1T. SOii61i%8P's c��t�taeis ua►i a��e��ik�iiy aimii frc juiui a�x1 :�rrerai. Any 8urruwor whu cYrKign.g ihis Securily =`"-` -
<br /> Instrument but dces not exceme the Note: (a) is co-signing�his Secu�iry lastnrment only tn mongage, grnnt ond canvey that
<br /> Borrower's interest in the Property under Ihe terms of this Security Inslniment; (h) ix not per�nully obliguted u�ppy the sums -�`�{:=�L:=,-
<br /> secured by this Security Instrument;and(c)agrees that Lender And any Mher Borrower muy agree q�eztend, mnciify, forbear or ��_.'•"�`''�`" _
<br /> make any accommodatlona with regerd to the terms ot this Security Insuument or thc NMe without Ihat Bnnower's consent. � —�-
<br /> 13. I.oan Clwrges. If the loan secured by this Security Instrument is subjec�to 4 Inw which sets mnaimum Inan charges, r���a' _
<br /> ' {���-�=tr
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<br /> _ und that luw ic finully inte�pretod so thot the interes�or other loan churges collecled or t�i be collected in connection with the `-'-�'"' '''
<br /> loan exceed the permitted ifmits, then: (a)any such loan charge ahall be reduced by the arnount necessary to rcduce fhe charge ������1'"
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<br /> . to the permitted limit;and(b)any sums already collected fmm Borrower which exceeded permitted limits wlll be refunded to �.,,.��:_.�__�<<<"
<br /> Borrower. I.ender muy choose to make this refund by reducing the principul owed under the Note c►r by making a direct E'• �4 "�•''="-
<br /> ;,�'s�r; _
<br /> pnyment to Borrower. If o refund reduces principal, the reduction will be treatod as a partial prepayment without any ' • %�.�r:�..
<br /> prepayment chorge under the Note. �.�;°,y,:'G�;�:_
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<br /> � 14.Notices.Any natia to Borrower provided for in thfs Security Instrument shall be given by delivering it or by maHing I���:;'�� t, �"�_
<br /> ; � it bv first class mail unless appNcuble Inw requires use of another methad. The notice shall be directed to the PrupeKy Address + ' . :=.T
<br /> I • ....--
<br /> or uny other addrcss Borrower designates by nolice to Lender. Any notice to Lender sholl be glvrn by �rst clars mail to , f�: -
<br /> � Lender's address state�hercin or any other address Lender designatec by notice to Borcower. Any notice provided for in this ;, . ,.�„.�,•,..��'
<br /> Security lnstrument shall be damed to have been given to Horrower or I.ender when given as provided in this paregraph. � �,,:�.,
<br /> �'t�.;�:. lS.Governing law; Severablllty. This Security instrument shall be governed by federal lew and the law of the '
<br /> ''�`.�;'��?,'•. jurisdiction in which the PrapeAy i9 locnted. In the event that any provician or clause of this Security Instrument or the Note •
<br /> conflkts with appHcable law, such rnnflict sh�ll not affect other proviaions of this Secudty Instrument or the Note which can be
<br /> given effect wiUaut the confliqing provision.To this end thc provisiona of this Securiry Instrument and the Notc er+e declared �
<br /> � to Ee severable. •• '
<br /> '"���'•. 16.Botrower's Copy.Borrower stwll be given one conformod copy of the Note and of this Security Instmment.
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<br /> _ f�• � Form 3028 9/80
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