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<br /> • 7. Protoctioa of I�endet'R Rlghv in ibe PropertY• lf Borrower fails to Exrform thc cavennnts aud agreements
<br /> contained Ia thls Sec�uity Instnimeat, or there la a tegal pracccding that may significantly affect Lender's dghte in the
<br /> property (such as a procoedin8 in bankmptcy. probAto, for condemnation or forfelture or to enforce l�ws �r
<br /> regulatioas). then Leader may do and pay for whAtever ia necessxry ta protect the value of the Property and l.ender's
<br /> rIghts in the E'rop�rty. Lxader'e actiona may include p�ytng any aums srcured by a lien which ha.a priority over this
<br /> Security!ns'cnuaent, appeuing in caart,naying reasona��a attorncys' fixs and entering on thc Property to make rcpatrs. �
<br /> Although l.ender may takc action under thie puagr�ph 7,I.eader does not have to do so.
<br /> Any amounts disbursed by Lender under this paragrnph 7 shall become additlonal debt of Bormwer sxurcd by this
<br /> Security Instturncnt. Unless Bomowcr and I.rnder agree to otber terms of payment, these amounts shall bear interest
<br /> from the date of dtsbursement at the Note ratc and ahall be payable, with interest. upou nodce from Lender to
<br /> Bonower requesting �aymeat.
<br /> �, 1llo�t��ge lmsera�aore. TiE T�.euder requlred mortgsgc insurnnce as u conditioa o[mek�ng thc loan secu.r.a�.by thia
<br /> Secvricy tas�.c. B�r.aow�r. aUall pay the premiums eeq�ii�d r.o naa�in.t:a.in r�te r,�n�o�;�a�ge iasurance in�f.f.ect. J�f,for
<br /> any teason, EEce�vctgage ins�canoe oovecag� requize� Dy G:�tdez lapses vx ceas�s Eo be ia eff�e.Borrowea sba�U pa4Y
<br />•' ct�e pmraiums required to obtaia covera�e srabsta�uziaity equivatcnc ta��.e mortgage insurance gr.eviously in effect, a�
<br /> a oos4 substantiatly equlvalent to the cost to Sorrwwer Qf rl�e mortgage iasucaner pxevzously in effcxt,from aa alternate
<br /> cnor2gage insurer approved by Lender. !£ sul�staacEalty equivatent mortgage i�.surance coverage Is aot availab2e,
<br /> 8�;,•r.rarver shall p�Y to I.en@ea each monrh a seme eq� co one-twelfth of the yearly Enortgage insurance premium being
<br /> � paq� C�y��,n•�c� when the tnaurance cover.age lapsed or ceased tm be iu effece. Lender wilE a�x:ept, use and reta�a
<br /> t�rs�•�a�;cn��s .�a Lmsa reserve la lteu of azongage insurance. Loss reservc payia�enu may no Ionger be requlred, at ,
<br /> �};?�p,���:��,g"Lrndez,�P,antv��ge insutance coverage(fu�We amount aad for the peaiod that Leader requires) provlde�d —
<br /> bY xr�insurer approved by Irn�ler xgain becomes avaz�a�l.e aad is ubtaiued. Barrmexea shall pay the premiucns mnAuired
<br /> to tnaintaia mortgage Lnsivancr ut etteci,or co prorr.cr�a,loss reserve,unai u� n��iti'.:.�,:.n: far�rtg�oe '.^.�°�^_�' -
<br /> euds in accordance v►ith aay wt[tten agreemeat between Borcower and I..eudet or applicable law.
<br /> 9. Inrpa:Slo•a Lender ar its agent may make masoaable enules upoa and inspecdoas of the Ptoperty. Leader
<br /> shall give Borrnwer notic� at the tiax of or prlor to aa inspecdon specifytng re�sonable c�use for the Inspection.
<br /> 10. Caodemo�on. The procoeds of any award or clalm for damages.dire�c or consequential, Ia conaection with
<br /> aay candemnation or other tak3ng of s�ny part of thc Property,nr for conveyancc W lieu of condemnatlon, nre hMeby
<br /> assigned and ahall be patd to l.ender.
<br /> In the event of a iot�l wking of the Property� �e proceais shu22 bc :y�pticd to th:; sunss s�urcd by ihls Secuiiiy
<br /> Inspvment, whether or not then due.witb aay exceas patd to Horrower. In the event of a pa�dal takG►g of ttte Proporty
<br /> in which the fair muket value of the Pcoperty immedi�tely befoze the taking is equal to or greater than the ataouat
<br /> di the sums socured by thi�Secutity Insavineat immediately befon the taking.unlsss Borrower and Leader othetwise
<br /> ag�ee in writing, the sums socured by �his Sec:uricy Iavtmmeu: shai be reducod by the amouat of the procxsls
<br /> mwtiplIed by We following fraction: (a)the total amount of t�e sums secured immodiAtely before the taking,div[ded
<br /> by(b) thc fetr�narket veluc of the Property ima�edlately before the taking. Any balaace shall be p�id to Borrower.
<br /> Ia the eveat of a partial teldng of the Property in whtch the fair market velue of the Property immediRtely before the
<br /> t�kiug ie less than tho uaount of the aums secured immediately befon the caking, ualeas Borrower and i.ender
<br /> othetwise agra in writing or unl�ss applicable law otherwite pmvides. the grocada ah�ll be sipplied w the sums
<br /> aecured by this Securlty Iactcua�at whether or aot the sums u�e tt►ca duc.
<br /> If We Pmperty is abnndoaed by Borrower,or!f,after nodce by I.ender to Borrower th9t the condemnor offas to
<br /> m�ice �n s►wud to sectle a e1aUn for darnages,Bormwor faila to respond ro I.ender within 30 daya xRer thq dste the
<br /> notioe ie givea.Lrnda ia authorized to oollect aad apply 2he pr0000ds, at its option, either to ressoration or repair of
<br /> the Property or to the sum� securod by this Securlty Instrument. whether or not then dae.
<br /> Ualesa Leader And Borrowcr otherwist agroe in wrlting,auY aPPl�on of pmoeeds to princip�l al�ali aot exteud ,
<br /> or postpone the due date of the monthly payments refBrred to ia puragraphs 1 pnd 2 or �h�nge the �mouat'af s�iCh .
<br /> PAY��• '
<br /> 11. Hos�nwex Not Rekared: F+o�benaoo� BY L+a��k; Nat a Wdva. Extension di the time for payrneut or
<br /> modificxtion of amortiz�tion of the sum9 secttred by this Secwrity Instrument 8tsn�ed by Lender to any succcssor ia
<br /> interest of Bomower shsll not operate to relcase thG liability of the odglnal $orrower or Borrower'e successors ia
<br /> iaurert. I.ender shall not be requIred to com►nence procadinga agninst my successor in interesc or refuse w extend ,
<br /> 14[��ttbSrA�Sfn�le Family-PNitAA['�]�IC IJNIIY)Rl[ II�SIilIiA�STiC Poan 30�t 9U90
<br /> ;�M��u syw�w ur.poo�a�ixa Page 4 of 8
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