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<br /> — -- pnyaunts may no lon�er be required,at the opttan of L,ender,if mmtgagc insurance coverngc (in thc amaunt pnd for the perlod
<br /> thtt Lender roquirer)providad by an insurer approved 6y l.ender ogain becomes available aM ia oMainod. Borrower chall ps�y
<br /> -- - __--- --_ — the prcmiums required ta maintain mongage msurnnce in ci'fax,uti W�liuviSc a Iuaa��a�;i:C�Lail::.`.c::.�»?r^.ir.-s�f��r.�!;�;e •-
<br /> insurance ends in accardance with iu►y written agreement between Borrower ond I.ender or applicable law.
<br /> -_- 9. Ioapeclloa.L.ender or its agent may make rcasanable cntries upon and inspectiona of thc Property.Lender shnll�ivo
<br /> Q�.�, Borrower natice at the time of ar prior to an inspxtian spocifying masonable cause for the inspection. •
<br /> �� - -- -- - -- - 10. Condemnotion. The proceeds of any nwsud or cl�im for dnmagrs, direct or concequential, in wnnection with uny
<br /> - condemnation or other tpking oi ony part of the P�operty, or for conveyance in lieu of condemnation. ure hereby assigned arrl �
<br /> 5 rtwll be paid ta l.ender.
<br /> In the event�f e��tal tAking c�f�he Prnperty, the praceeda shall be upplia!ta the sums secured by thi� Securily Instrument,
<br /> Y whether ur not then due, with any excsss paid to Bormwer. In the event of a partial t�king of the Propeny in which the tair
<br /> ---�� �mrkei value of the Property irnmediately beiore the takfng is equal to ar greuter than the amount of the sumx secured by thlx
<br /> - '='`'`°"""' Seruri�y lnstrument immediatcly beforc the wl�ing. unless Borrower and Lender otherwise agree in writing. the suma secured by _
<br /> - - - this Security Instrument shall be reduced by the amount af the prawe�is multiplied by the following fraction: (a) the total
<br /> _���
<br /> --
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<br /> n�� '�u,�;` amount of the sums ser.�red immediutely before the taking. divideJ by(b)A�e fair narkct value of the Psoperty imsne ixte y
<br /> beforc the taking. My balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> ' tnarket value of the Property immediately beforc the taking is less than the amount of the sums secured immediWely before the
<br />���..,� takiag, unless Borrower and L.ender otherwise agree in writing or unless applicable law otherwlsa provides,the proceeda shall -
<br /> _ _ ��� be applied ta the sums sacured by thia Security Instrument whether or nat the sums are then due.
<br /> _ -° i° r,,y - If the Property is abandoned by Borrower,or if,afler notic�by Lender to Borrowcr that thc condemnor offers to meke an
<br /> _. � ''��,� award or settic e ciaim for dtuna�es, Borcower fails to respond to [.ender within 30 days after the date the notice is given,
<br /> -r'" �,. ,'"`" �� �'�''�' " �� Lender is authorized tu collect and apply the praceeds,at its option,either to restoration or repair af the Property or to the sums
<br /> -• .���-,#;•:�"" ' secured by this Sea:urlty Instrument,whether or not then due.
<br /> ----=-=---_- L'►�I�ss Lctidcr and Borroti:�er ottzer.:•Ise agree in writi�g, eny e�►licn�ion of proceeds to principa! ehall not extend or
<br /> - ���`��� postpone the due date of the monthly puyments referred to iii paragraphs 1 und 2 or change the amount of such payments.
<br /> ` �• 11.Borrower Nat Released;Forbearance By I.epder Not a W�iver.Extension of the time for payment or modification
<br /> _ _ ,,rr.x,'%u�i....��:.;
<br /> �=� ''�'`'' of umortization of the sums secured by this Security Instn�ment granted by I.ender to any successor in interest of Borrawer shall
<br /> �+a �
<br /> - ,,.. , ���1 not operate ta release the liability of th�originul Borrower ar Borrower's successors in interest. Lender shall not be required to
<br /> ���• �A�'�� commence proceedings against any successor in interest or refuse ta extend time for payment or atherwi�e modify amoRi�ation
<br /> - of the sums secured by this Securiry lnstrument by reason of any demand made by the originel Borrower or Borrower's
<br /> �.` - .,:���s;';'�:.-= `�r.::'� successors in interest. Any tor6earance by Le�ler i�i n�arcising any righi or remedy sl�s!! ssot be a eve3verof or preclude the __
<br />-- � � � • exercise of any right or remedy. --
<br /> „��, . . , ..i� 12. Successas and Assigns Bound:Joint and Several Liabllity; Co-signers. The covenants und ugreements of this
<br /> - � -� Sccurity Instrument s�all bind and benefit the successors and assigns of Lender and Borcower, subject ro the provisions of
<br />-� �,„, ` paragraph 17. Bo�rower's covcnams and agreements shs►II be joint and severul. Any Borrower who co•signs this Security
<br /> �� � Instrument but does not execute the Note: (a) is ca-sisning this Securiry Instrument only to mortguge, grant and wnvey that
<br /> �",' , Borrower's intcrest in the Property under the tenns of this Security Instrument:(b)is not personully abliga�ed to puy the sums
<br /> - r. .
<br /> -- . , . °•. ucured by this Sewrity Instrument:und(c)agrees that Lender und uny other Borrower may agree to extend,madify,forbear or
<br />"`' �-�• •. � " "` '�= make any uccammodntiuns with regusi tn the temis of tliiti Security Inswment or the Note without thut Borrower's consent. _
<br /> —= 13. Loan Clmt�ees. If the loan secured by this Security Instrument is subject to s�law which sets maximum loun charges,
<br /> �y;:� �� and thut luw is finally interpreted si,thut the interest��r othcr luan churges collected or to be collected im m�necuon wuh the -
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<br /> ,_ � loun exceed the permitted limits, then: (a) uny such lo•rn charge :hull be reduced by thc umnunt necessury to reduce the churge
<br /> • ,?�j'!•.:; •
<br /> ���r� �.'.. • " tu the permitted limit•vnd(b)any sums ulreudy collectecf from Borrower which excecded permitted limits will be refunded to =
<br />,_ • �`-� • Borrower. l.ender muy ch�wsc t.� m;ike thi+ rcfwxi by rcJucing thc principal uwed undcr thc Notc or by making n direct
<br /> - •��• puyment to Borrower. If u rcfunJ reJuces principal, the reduction will l� treated us s� partiul prepayment without any
<br /> ' .. �'�, . prepayment churge under the Note.
<br /> . . ' `� 14.NoHces. Any notice to Bo;rower provided fur in this 5ecurity Instrumcnt,hull bc given by dcliverin�it or by mailing
<br /> � � � it by tint cluss mafl unless upplwuble law reyuires use of another methi�d. The notice shull he direct��1 to Ux Property Address
<br /> ��y or any ather uddresti Borrower designntes by nutke to Leixler, Any notice to Lcndcr shall be given by�rst clutis mail �o _
<br /> '�s• L.ender's uddmss s�ut�d herein or uny �xhcr uddress Lcixier dcsignutes by noticc tu&�rcower. Any n�nicc provided for in this
<br /> Y t.�cf...' • .
<br /> . . � 5ecurity Instrument shull tx�dcxm��J to huve lx:en givcn lo Burrowcr ur Lendcr whcn givcn u�provided in this p�mgraph.
<br /> �.;«�7'' � l5.Governing l.uw: SevernbHily. This S�rurity Instrument xhull br govcrn�l by 1'��lcrul luw and the Inw ot'the
<br /> - "�-=;-�r�_�?K'�_ __
<br /> ' .*�• G'�'--- .•� jurisdiction in which the Property iti I�x•rted. in ihe evcn� ih�t suy piuvi,iun or cl,�u.���f thiy Sc:curitp Instnsment or the Note
<br /> • ' conflicts with applicable luw. sunc�vmflict shull nu1•rt�fitt�ril�er provisiunti uf thi.Scrurity[nstrumcnt�ir tl�e N�ne which cun be
<br /> ' �� given effcct without the rnntlic�ing provision. Ti�this cnd the pruvi.ions��f this Sccurity Instrument snd the Nate ure decl�red
<br /> ' r � . ,; f to be severuble.
<br /> l6.Borrower's Copy.Borcower shull bc given one amli�rnxd c�►py uf thc Nute•rnd of this S�tiurity INtrument.
<br /> . �„ , , form 3028 9/80 ,�.
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