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<br /> � 106339
<br /> ° _ _= puymento may na langer bc roquired,at ttic�ption of Lender,if rtu►rtgage ins9f��overage(in the ar�u►unt und for the period
<br /> ---- th�t l.e�er roquircs)provided by an insurer opprov�l by I.tnder again becnmes evailable and ia obtained. eorrowcr shall pay
<br /> .. tho prcmiums roquirad to maintain mortgagc insurance In ePfecc,or to provfde a loss reserve.until the requlrement for monRa�o
<br /> - i�wurance endo in rccordance with any written agrament between Borrower and Lendcr or applicable law.
<br /> �.� 9, 1n�pe�.�tiop.Lender or ita agent may m�ice mzonablo entries upon and inspectians af the Property. Lender ehall�ive
<br /> � H�rrower notice�t the time of or prior to an ins�pection cpecifyfng reasonable awse for the inspection.
<br /> �� 10. CoadRmn�tton. The proceada of any awp�d or clafm for danwges,dfrect or consequentinl, in connection wilh any
<br /> , ' condemnutian or other trkln�of ony part of the Property, or for ronveyance in licu af condemnation. ure hereby assi�ned an�l
<br /> ,`� c:j�''` �..�` �Iwll be paid to l.ender. --
<br /> !n the event of n total teking of the Property,ihe praceeds shall be applied to the sums secured by thie Socurity Instrument,
<br /> whether or not then due, with any excess paid to Borrower. In the event af u partial taking of the Pruperty in which the fair
<br /> �5ii4'�='��� market value of the Property immadiately before the leking is oqual to ar greater than the amount of the sums secured by this
<br /> �. Security Inatrument immediately bnfo�e the ta�ing,unksa Barrower end Lxnder otherwise eEree in w�iting,the sums secured by
<br /> � • �;,�i � this Secudty Instn�ment shall be reiluced by the wnount of the proceeds multiplieil by the following fraction: (a) the totAl _
<br /> '�' - ,�.'..:_.....
<br /> -- -- ,,,, amount af the swas secured immediately before the �Icing.divided by (b) the fair market value of the Propeny immedfately
<br /> a�°�'�`"�'� before the taking. Any balance shall be paid to 8arrower. In the event of a partia! tuking of the Pruperty in which the tair
<br /> _� markct valua of the Property immediately before the taking is less then the amount of the sums secured lmmediately before thc
<br /> , __., taking, unless BaROwe�and L.ender otherwise agree in writing or unless upplicable law otherwise provides, the proceeds shall
<br /> . be applied to the sums secured by this Security lnatrument whethcr or not the suma ure then due. _
<br /> �'"'=='""-��= lf the Property is abandaned by Bartower,or if,after notice by Lender to Borrower that the candemnor offers to make an
<br /> �'�-��� award or sedle a cleim for damages, Borrower fails to respond to I.ender within 30 days atier thc date thc notice is @fven,
<br /> �m-- ..;�::�.
<br /> _=� ;�;,rt,f „, } Lender ia authorized to collect and apply Q�e prceeecls,et its aption,cither to restoretion or repair of the Propeny or to t esuma __
<br /> -:.•::� .�,', �.
<br /> ,_� �.��,,... �� � secured by this Secudty Instrument.whether or not then due. �;.
<br /> ___'�':c.:.�::},�: '�.• �V�`{ �' Unless Lender and Borrower otherwise pgree in writing, any applicution of proceeds to principal shall not eztend or —
<br /> r;,• = • ;,� postpone the due date of the monthly payments referred to f n paragraphs t and 2 or change the amount of such payments.
<br /> F�'�'�'°"�'''"°"` � 11.Borrower Not Released; ForbearAnce By Lender Not s�Waiver. 8xtension of the time for pAyment or modificxtian
<br /> �"°�� ' " of amortization of tho sums secured by tl�is Security Instrument granted by Lender to any successor in interest of Born�wer sh�ll __
<br /> - ..., ��� ' _
<br /> =�",� �. .:'� J V"�' �' not operate to relea4e the liability of the original Horrower or Borrower's succeseors in interest. Lender shall not be rcquired ta _
<br /> = � • . , commence procoedinga against smy successor in interest or refuse to extend time for payment or otherwise madify amortiiatian _
<br /> '�'� `,' of tha sums secured by this Securlty instniment by reason of any demand made by the original Borrowcr or Borrower's __
<br /> - •�.,c''?�=ct� --
<br /> = ':' > �e�',�;�� successoru in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> ����.��;4d_ ' eaercise of any right or remedy.
<br /> — a- 12. Successai-s anti ,�t�s Suund; doln! and SeYent! Liab!!1lyi t'o-Aignerx. The cavenants and ugreements of this —
<br /> —��.j�y�Rl1:.�N.j.�,•C.•,;y:t..
<br /> �:_�- • „ Seeurity Inatrument shall bind and benefit the successors and assigns of Lender und Horrower, subject to tha provisions of
<br /> ' ' ' paragrnph 17. Borrower's covenants and agreements shall be joint and severul. Any Borrawer who co-signs this Security
<br /> -�•.r� ' �'' I n s t r u m e n t b u t d o e s n o t e x e c u t e t h e N o t e: (n) i s c o-s i g n i n s t h i s S e c u r i ty I ns trume�t onl y to mort go ge, grunt und convey thet
<br /> �;' �' � . � Borrower's interest in the Property under the tcrms of�his Security Instrument; (b)is nut personally obligated to pay the sums
<br /> - ,�,�,.i,� �; �.;�, secured by this Secudty Instrument;nnd(c)agrecs thnl L.endcr und any othcr Borrower may ngree to extend,modify,forbear ar
<br /> •�' "`�` ' make any acrnmmodations with regard to the terms of�his Security lnstrument or the Note without that Borrawer's consent.
<br /> . .�,.. .
<br />— ' ;.?��• 13.Loan ChArges. If�he loan secured by this Security Instrument is 4ubject to n law which sets maximum loan chargec,
<br />_- • • ' �
<br />-" and that law is 6nully interpreted so that�he interest or other loan chs�rges collected or to be collected in connection with the
<br /> ��� . - � �.�� loan eaeeed the perrnitted limits,then: (u)uny such laan charge shull be reduced by ti�e umount neceswry to reduce the charge
<br /> �5� � . , to the permitted limir and (b)any rums already collected from Borrower whirh exceaded permined limits will be refu�to
<br />-�"� :n�i � � , Borrower. l.ender may choose to muke this refund by reducins the prin�ipal owed under thc Note ar by muking u direct
<br /> '"'�, + �«;;;,p. payment to Borrower. If n refund reduces princip�l, Ihe reduction will be treated ac u purtinl prepayment withoW any
<br />�'N: �;; , prepayment charge under the Nate.
<br />— , �• ' '� 14.Notices.Any notice to Borrower pmvided for in this Security Instrumcnt shall be given by delivering it or by rnail ing __
<br /> '�`'�"" it by first class mail unless applicuble law requires use of unother methcx1. The notice shnll be directed to the Propeny Address
<br />_ • • � • or any ather address Borrower designates by notice lo Lcnder. Any notice to Lender shall t►e given by first class mail to �
<br />=x,,� ' �"� u [.cnder's address stated herein or uny other adJress Lender dcsignotes by noti�e tu Borrower. Any notice provided for in this
<br /> _ ''�' Security Instn�ment shull be deemed to huve been given to Bonower�►r Lender when given as providcd in this paragrnph.
<br /> - \,' :*,'-�- 1S.Governing Law; SeverAbillty. This Security [nstrumem .r•hall bc gnverneJ by i'cJerul law und the law of' the _
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<br /> • � '�:; ' jurisdiction in which the Propeny is locuted. [n the �vcnt that any provisian or rluuse of this Sccuriry Instrument or the Nate
<br /> • � ��� � � conflicts with applicnble luw,such conflict shull not affect enher provision,��I'this Security Instrumem��r the Nnte which��an be
<br /> given effect without the conflirting prmicion. To this end the pruvi,ion�i�t'this Security Instrument und the Note are declared
<br /> to be severable. —
<br /> ., 16.Borrower's Gopy.Borrower shull be given onr cunli►rmeJ cupy uf the Nutc and uf thi�Sccurity lustrument. �
<br /> ' � . . Fam 3028 9/80 `
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