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r . � r. ,: 99- ��a�si � � . � pa;rmcnts may no bngcr be requirod,at the option of l.a�r, if matg�ge insurana covuaga(in the�nount and fa tt�e periad � that I.endcr rcquires)pcmidai by an uur:�a�{xorod by L,ader agaut bxoa�es availabk and is c�bta.nat.Barrower shall pay the '° pc�r►i�:�,u requir�d w maintain rt►�t�e instsrarx�t in effe�t. or to proyide a loss rese�ve. until the r�siraaate fot ma�ag� �# ins�uanct eads in accadanoo with any�vr'tte•n a�rOanatit betuoca Borrv�wer and L.a�de.r os�plicsbie}aw. 9.Iaspectioa. I.rnder a its agast may mske rea9ona�bk a�vies npoa acul i�spettions of she Propaty.I.c�a shall give % Borrowa notice at the time of or prar t�an�an spxitYinB r�e�onabk canse far the inspoctic>n. I0.C�JD�fII1L+�4[IOD. The pnx.roeds af any xa��ard vr craim for dancages, dinet � rnnsequentiat. in con�eceion with any + corwemnatioa cx ott� tating ef any past ot t'r:�Pro�Crty.or for com�eyance in !ieu of�nnacion.are hatiby �sgned and shaJi be paid to Lcr.�r. k In the cvcnt of a wsa] taking of thc Propaty.the procecd.c shall bc applied w tt�c sums soaued by chis 5ecuriry Instrumrnt, whett�er or not thde duc.with any exa�.t p�aid'.�Borrower.In thc Cvixst Cf a psrtial takmg oF the Property in which thc fsar n�es valvc of thc Propai�j immodiatcly before dic taking is oqual w o�gre�ter d�an the�amount of the�ms sa:uraf by ►his Sccurity " instruma�t imrr�t�ly befae tf�e Yal�ing. ur:S�s Barrowa snd l.a�der othawise agret in writing. the sams secumd by this � Secwiry Ir�trurnrns sf�vll bc neduad by the am�unt ot the procoo6s muhipliod by d�e f�tiowing fcaction: (a) the tatal amount of ° thc s�cros stcurod immcdi�trly bcf�e the taking, divitlai b'Y (ba the fair marka vs}oe of the Property imrrsediately before the ;�- tak;ng.Any balance shall b�e paid to i�orrower.In the evc�:of a pffiti�al taki��g af the Praparty in which tl�e fair rt9arket value of tha Property immodiately before the taking is lcss than the a�noa�t of thc sumc �cvr� irnmatiat�ly beforc the ts�llcing, milcss ii Rorrowet and ix.�cr ott�erwisc agra in writing or unless a�licabk law otherw�e provieks,the pcocoait si��all be applied to the sums socurcd by tt►is Sxuriry Instrument whcther�not thc sums are d�a�dac. °, If the ProFcrty is abancSan�d by B�wcr,c: if.attcr notice hy l.e:►dCr tci 8ormwcr tSiat the�:txademnnr oflcrs to make an �Y award cx secile a claim ftN dan��s,Horro�u fsils ta rtsZxx�d ta Lutidcx within 30 days af�cr d�e date thc notice is givcn,Lcndcr is authoriud tn rntk+ct m�d appt,r tt��xv�eds,at iu o4niaai,atha w renuraticx,or rq��ir of the Pro�xrty or to the sums securui by this Soauity Instnurunt,whetlicr er�t thrn duc. Unless L.cndcr and Bocrowtx otherw•is�agrx ir.writing,any�applicatiaa of jxncneds tc�principa!shall not a�tcnd ar post�onc �;, the due date of t}tt monthly paymenes rcferned w in paragraphs 1 a�u!2 cu change the amount of euch paymtntc. p; 11.Dotrnwer Not Rekased;'�arb.�nnce By Leader Nat a Waivcr. F�tension o( tt►c time fcx rayment or modif►cation �' o!amarti»ntian oi the sums securcd by d�i5 Securiry Instru.�nent grantaJ by I.cnda to any suc.xs.aor in inicnst of Borrowu shal� 9; noc c�as�e a rckase che iiahit;ry af��c exiginal Bcxroaex a B«ro�er's s�ors in inue�sc.I.cx�da shall�nuc be rcquirai,w ,: commence proce�ings a,�ain.�t any��n inxr�u or rc(we to e�ctrnd time fcx payrr.ent cx otherwise modr�y arnorti�ation of-- _ 4 tt►e siuns sxured by this Security Ins;rument by rc;�or,of any da�aand made by the original 3ormwer or Borro�ve,r's successors ; in int�e�s� Any larti�ar�ct by Lendrr in excrcising any right or renxdy shal!not be a wsivu of or proclude the czerrise nf any right or srnitdy. 12.Successors and Assigns t3ound;Joint and Several Liability; Co-signers. The covenants and a�rcements of this Socufity Icasuumaie shatl bind and 6enefit thc s�rs and assigns of L,endcr arxi Ba�rower, cu�jxc w t1:e provisions oE Paragrapfi 17. Borrvwet'� cm�cnsnts and agroanrnts sha!1 be joiat and sewerRt. My Fi'ixrowu wfio co-signs this Sxurity � Instrumrn: but dctis not execute the Naa (a) is casigning this Sticurity lnmvment only to mortgage. grant and convey that Bonowcr's int,�rest is� thc Propaty unda tlae tams of tfiis Saurity lnswma�k (b) is r�cx pasonslly obligatai to pay thc sums 3ocured by this Security Instn�r and (c)agroes thst I�der and any ottxx Borrower may agrax u;c�tcnd,modify,forbcar or malc�any acr�mmodati�ns�vith regard w tt++:ternu oI this Sauriry Gu-trumrnt w the Nute wittxxit that Borrower's consent. ;� 13.Loan Chara�es. If tlx� loan � by th�s Socuriry Instrumrnt is subjoct to s law which secs mazimum to�r► chargcs, and that�aw �s finRlly intet�sreeod so t��t the inttresi or ather ia�n d�arges colletted or tn be colkcted in connection with the loan C7(Ct� �.}1C DCl1T1a[SCd 11RlSLC,then: (a)any such loan�:havge stiall be reduad hy the amount necessary w reduce the charge to the � permiued tunit;and(b)any sums atready collatcd from$ort�wcr which e.ucadtci permittc�iimiu will be refunded tc�Borrower. � Lender may choose to makc this refund by ralucing tht Fcirs,:ipal owcd undet the Note or by m:ilcinb a dirxt paymenc tn Buirower. It' s re.�und nducrs �xir�cipaS, the reduction will be tra�ed as a P�� P�Y��t witt�out anY F�Ymer.t c•harge under the Note. 14.NotEceS. Any notir to Borrowrr provided for u�this Security Insuument shall be given by delivering i!or by rr.ailing it by fust c�s mail unksc applicabk law:oqu�res use of another cneihod.The notice shall be dirccted w the°roperty Address or any other address BoTOwer desigr�atcs by notice to Lender. Any notice to L.znder sh3l1 be given by tirst class mail to Lcnd�r's ad� statrd h�rein or any ottux a�ddress L,ex�der designates by notia to Bormw�x. Any nutiee pcovided for in chis Security Ins�sument shall bc deer►�to ha�z�given tn Borrow�x or Lez►der when given as providtd in this paragra�.+h. 15.Gevrrning I.aw;Severahuit�. 'I7iis S�urity instnsment shalf be govemed by federal ��+ and the law of the juriecticcion in whrch the P:aperty is iocate�. In the event that any �r�ovisiun or clause of eh:��uriry Instrument or �he Not� t' con(licts with applicsbk law,such con[lict shall not aiitct other pmvisions of th�Security tnstrument or the Note wh�ch can bc ` given effect without the contlicting provis�n."1 o thu�d ahe prov;�ons of this Sxurity Inswme�t and the Note are declared tn �� �i be sever3ble. � �. Form 31328 9/40) { �Q•6A(N�)(azztl.oi Pagstol6 innua:�1�� 7( ' k I) S`' � �;;, �