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<br /> � n ti�� � � � � . � � � . . . . - , 92.��o�s � � -
<br /> --- - --- � . - - - . _. - . -_ - . . . _ --- -.� .
<br /> ` pa�i�4�Y�i��e�eq�na,i�t the optiou of r.eAaa,it nmct�e iawr�e oaw«,�tin m�amainc aoa f�F't�oe�t . .
<br /> dat I�o�er t�eqoital Pi'��bi►����P�?!'�bY j�'���ariu""tible�od.is obtaioe�.Ho��es�WI p�l< : <
<br /> �, . dre p�aovimns ea�uirod`o m�ianim m�ctia�e i�iraoae in elfect,or to pavide a lass reserve.wntil the ioquiraneat toc n�o,kti+/a
<br /> ip�nno�ar�s�►aeaotdnae�rhR�ny wriKa�a�ae�nt be�een Barmwer aod l.eairr or�pplicabk iaw- ` . � ._
<br /> ' !.Iwpe�tie�.t�da or its ageat m!Y m�kt na�son�ble aKries upoo aad.inspeaiom.af die pmperty,:�Lender s1W1�ive
<br /> . � Hare�►ra aofioe aclbe timr�w.an�ac�on spa�fYinB�ason�ble c�se fat tLe im�e�xion. ,: � .'
<br /> '-- 1�.Cwie�klo�.The pmceeds of any aw�id or cl�im for dumges.direct or ooaseque�ial,in ewmectiao witb+ny `
<br /> ooademo�tion or u�her tikin]�of my p�tt of tNe Pcape�ty.ar for co�vey�nec in lien of�on.ace t�bY assi8ned aod .
<br /> -�{I.be�w i.admr._<< _ . .
<br /> . In tbe evmt of a w�al talnng of the Prnpeity.thc pmoeeds shall be applied co tlre sums socured 6y this SavrilY Insavm�t. _ —
<br /> whe�er or not thea due.with any oaces4 paid to Bou+ower. Ia tbe event of a paRml taking of tUe Propeity in which tl�e fair
<br /> , mirkat value of the Pmpecty imtnaliate[y Ixfore the taking is a�l to or grcater tl�n the amoant of the s�ms secured by this
<br /> : Sxurity Imonm�ent immediatelY befoc�c dr s�lring.°unless Bolmwer a�d Le�der otherwise ag�+ce in wripng.the sums sccur�ed by .
<br /> dtis Saauity IaStturna�t sl�ll be ieducad by the amauit af the prooeeds mnitipiied by,ihe following friction: (a}the tdai
<br /> unooat of tbe swns secvnea immodiately before the t�lting,divided by tb)t6t fair mulcet v31ue of the Ptopeny im�;diately
<br /> befone�tAe tsking: My balanoe siiai!be po�id to Bormwer:In dre eveoc of a portial Wcing of thc Property in whic6 tha fair
<br /> ��value of the Pmperty immediately before t6e talcing is less tl�tha amcxrnt of the sums savmd itpmediateiy befor�tLe •
<br /> qking,w�less Hormwa md T.eeder oEhawise agra in wridng or unless applipble taw dherwise provides.the procaods shall
<br /> be appliod to the stuas savnd by this Savriry In�pvineot whettier or not the sums ari then dne.
<br /> . If the Pmperty.is sb�ndonod by Bomuwer,or if.after natice by Lender to Bormwer that tbe condeRUwr offers w m�fce an ,
<br /> . awaN or settle a clum for d�nages. Hormwec fails to nspond to Lendec a►ithin 30 days afta tt�e date the rbtice is$�ven.
<br /> l,ender is�dthorized to oollact aad npply the pioc�ods.at its option,pther m restar�tion os npair af the Properta►or to the sa�ns �
<br /> secuted by this Soarity Ia�t,whdt�er or not then doe. ' . � .
<br /> tlnlesc l�eoder and Bo�tuwer otherwise agcre in arritiag, any appliauioa of prucpeds to psincipal�shafi not extend ar
<br /> postpone tbe due ci�te ofthe montWY P�Y�refernd to in psuagTaphs 1 and 2 or chaoge the a�of such payments.
<br /> Il.$osrnwer Not Rde�ed;Forbeatynce By Leadet Not s Waiva.F.xteasion of tLe time fm payment or modificuion „
<br /> -- of antoKization of the sums saviod by this Sectrrity Inswment grantad by Lender to any suocessor in interest of Horrower shall
<br /> - not operate to rele�e tlie liability of tLe ariginal Hurrower or Borrower's succ�.wrs in interest.I,ender shall rai be required to
<br /> oommeirce proo�adiags against any successor in interest or refuse w extend time for payment or otherwise modify amorCuation
<br /> of the s�ms savral hy this Sua�riry lnsuament by.reason of any demand made by 1he original Borrowec or Bormwer's ,
<br /> = successors in incerest. Any forbearance by Lerder in,exercising any rigt�t or n�u�edy shall not be a waiver of or prechtde the
<br />_�'�� euercise of ae�}r right or remody.
<br /> _`:: 12.Saoc�a�s and As��a�and;,fdat aad Seversl IJ�bIIit9:Co-�a�s.The oovenants and agaments of this
<br /> .. Saur�tyr lnu�rumeat si�all bi� and benefit the stucessors and assigns of I.ender and Borrower.subject to tbe pravision5 of
<br /> --- psragrsiph 11. Borrower's covenants and agia�ments shatl be joint and several. Auk Bonower who ca-signs this Se�urity
<br />-- lnstiument Iwt does not�xecute the Note: (a}is co-sigaing this Security Instrt�niem orily to moltgage,grant and convey tl�at
<br />�:,��` Borrower's interest in tbe Property ander the terms of this Security Instmment;(b)is not personally abligated to pay the sums
<br /> '"`r� saurod by this Sonirity Instnunent:and(c)agrees that l.cnder and any other Bonower may agree w extend.modify.forbear or
<br /> malce any accommodations with regard to the terms of this Security in.mument ar the Notc without that Borrower's conse�rt.
<br /> - 13.Loan C6uges.If the loan serured by this Securiry lnstrument is subject to a law which sets ma�cimum loan charges,
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be coltected in connection with the =
<br /> -'' loan exaod the permittod limits,then: (a)any such loan charge shalt 6e reduceA by the amount recescary to reduce the charge -
<br />'�'. � to th�pemutted limit:and(bl any sums atready collectod from Borrower whicb exceeAed permitted limits wili be refunded to -
<br />:-,�.�.
<br /> Bonower. Lender may choose to maice this refund by reducing the principal owed under the Nate or by making a direct _
<br /> - , payment ta Boaower. If a refund reduces principal. the reduction will be treated as a p�ulial:paplyqnenf K�ilwut any
<br /> �-� � prepaymont charge under the Note. � � • -
<br />���� '� 14.Nutioes.Any notice to Borrower pemided for in this Security Instrument shall be given by delivering it or by mailing =
<br />_:,y,.';.;' -
<br />.:;�s::` ' it by first class mail unless applicable!aw rzquires use of another methad.The noticc shall be directed to the Piaperty Address _
<br />�` � � or azry othor address Borrower designates by notice to E,ender. Any notice to LenQer shall be given by first class mail to =
<br /> - I.ender's address stated herein or any other address L,ende�dcsignates by notice to Borre�wer. Atry notice provided for in this
<br /> s�;•;,'; � Security Instrurt�t s6aU 6e deemed to have been given to Borrowcr or l.ender when given as provided in this paragraph. _
<br />- ;�a,:`- �5.Go�� t,A�v; 5everabitity. 7'f�is 5ecurity lnstrument shall be govemed by federal law and the taw of the -
<br /> .�,+';�;'� jurisdiction in vtfeich ihe Ptoperty is Iacated. In the event that any provision or elause of this Security instrument ar ihe.Note =
<br /> :- coaflicts with applicable Iaw�such contlict shall nat affect other provisions of this 5ecurity lnstrumeat or the Note which can be -
<br /> given effect without the coattisting provision.To this ert�che provisions oi this Security lnstrument and the Note are declared
<br /> ' to be severable. �
<br /> -�;;;=' -- - - -- - - t6.�tio:rawer's Copy.Borrower shati be given one conformed v�py of the Note a�x1 of this Socvrity lnstrament.
<br /> • Fam 302s 9/80
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