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2� 1 �� 148� : � �. Pre�er�►at�vn �nd ilna�ntenance �f �roper�y; L.easeholds; Condam�n�t�rr�s; PM�nned Un�t Derrelopiment�, �orro�nrer sha�l keep the Prape�ty in gavd repa�r �n� shali nat commit waste or : perm�t �mp��ment or deteriorat�on af the Prape�ty an� shal� comply rn�ith th� pra��s�ons of any � lease if th�s Security lnstrum�nt is on a feasehold. If this 5ecuri�y lnstrument �s an a unit in a candorn�n�um or a lanned unit de�elv ment Borrow�r sha�l erf r ' p p , p o m a i I of Borrower s o�l E�ations under the declar�tion �r co�enants creating or g�vernir�g the conda�i�Rum or planned unit deve�opment, th� �y�laws and regulat�ons af the condom�nium or planned ur�i� deveiopme�nt, and th� c��stituent dacuments. 7. Prc�tectrvn of Lender's Security. 1f �orro�e� fails to perfarm th� co�er�ants and agreements cantained in this 5ecurity Instrum�nt, or if any act�o� or pr�c�eding �s commenced wh�ch �natcriafl� affects Lender's Mn�erest in the Praperty, th�n Lender, at Lender�'s optivn, upon not�ce to� Borrawer, may make such appearance�, d�sburse such s�ms, includinq reasanable a�torn� s fees, and take such a�tian as �s necessar to rat�ct L�nder s ir�terest. ►�in amour�ts di��ursed b Lender urs ant ta t�is r 7 � � � � � y p u pa agraph , w�t� finanGe �ha�ges therean, at th� rate pra�ided �n the �redit Agr�ement, sha11 beco�ne add�tional ind��edness of Borrower secur�d b � th�s 5ecur�t fn�trument. Un�ess Bo��rvr�ver and �ender agr�e ta ather terms of a mer�t suc� � a�our�ts shali be a a�le u an not�c� fram Lender to Borrawer re uest�n a pment the eof. � � N�th�n cor�tair�e� in thxs ara raph 7 shall re uire L�nder to i��ur an ex �nse or take an activn hereunder. An cti n � � � � � � a o taken b Lender under th�s ara r�ph �I y . y � g sha nat cure an� hrea�h 8arrawe� ma have comm�t te d o f an cv�enan t or a reemen t ur�c��r t his Securit Instrument. B rrower a rees that Len er is u y g' ' � ' Q g d s br�gated �a all af the r�ghts and rem�d�es of �ny prio�' �ier�or, to �h� extent af ar� a rnent b Lender to such l�enor. � �ins ct�an. �en r pe de may n�ta�e vr cau�e to be made reasonable ent��es upvn and in�pections of the Pr�npe�ty, pro�ided that L�r�der shaN1 give Barrowe�r notiGe prior to any suGh ins ectron s ecif ��t reasonab�e cause therefor r�lat�� tv Lender's interest in the Pro ert . p�3. �ondeimnatNon� The �oceeds ❑f an aw r r ' ' � y " � p y a d o cia�m fvr damages, d�rect vr cons�quen��af, in cannection w�th any condemnat�vn ❑� c�th�r ta��g of the Prnpe�t�, �r part thereof, or for conveyar�ce in �i�u of cand�mnation, are hereb� ass�gned and shail be pa�d to Lender, to the extent ��` any �ndebtedn�ss under the Credit A�reem�nt, sub�ect to the t�rms Qf an mortga�e, deed of. trust vr ath�r se�uri� a rEement v�itf� a lien ►�Mi�h has riori� a�er t�is Securit ln�trum�nt. Y 9 p Y � 9�. �vrrower Not Re�ea��#; �'�rb�ar�nce �y Ler�d�er Nvt a Vil�irr�r. Ex�ension a� the t�m� far payment or modificat��n af �mortizatian af the sums secured by this Securi�y ln�trument granted b Lend�r to �r� su�ccess r in inte�est o� Borrower sh�l1 n y y c� at operate to release, �n any �rtanner, th� I�abi�ity �f the ar�g�nal Bor�ower and Borrower's �u�ces�o�s �n �nt�rest. Lender sha�l not be requ�red ta cvrnmence proGe�dings against such suc�essar� ar refuse tc� ex�end tirne fQr p�yment �ar ath�r►nj�se madify am�rti�at�on of the sum� s�cu��d by this �e�ur'ity �ns�rument by reason of any demand ma�e �y th� arig�nal Borrow�r and B�rrawer's suc�essors in inter�st. Any forbearance by Lender �n ex�rcising any �right or r�medy hereunder, or vth�rwi�� afforded by applica�le �av�r, sh�il no�C be a wai�er�f or pr�clude the exer��se of any su�h�r�ght or r�medy, '1�. Succe�sors ar�d A�signs Bc�unc�; Jo��t an� �e��r�l L�ab�l�ty; �o-s�gnersY The caWenants and agreements her�ir� �ontained shal� bind, ar�d the rights hereunder shall ir�ure to, the res ect��e su��ss�r$ an� �$Si n� �f L�n��r �n� ��rr�w�r�, s�a�ect�Q �h� rc�rr��n� c�f �r� r� h �'I ��r�Qf. Afl cvWenants and agreements �f gorrower �ha�l � oin nd � � � � g b � t � s e e r a l. A n y B o r r�w e r ►►v h v c v-s�g n s t h i s S�c u r i t y l n s t r u r r�e n t, b u t d o e s na t �xecu te �he �re di t Agreemen tr �a� is co�signing t h�s Secur�ty �nstrume�t only tn grant and can�ey tMat Borrower's �nterest �n the Pra�erty to Trustee under the terms vf tFiis Securit Instrument b �s r�ot ersona I lia i n r , � � p � �e u de the Cred�t A reem�nt or und�r this Securit �nstrument and � a r h g y , � } g ees � at Ler� �r� and any other Bnrraw�r hereunder may+ agree to extend, modify, �orbear, vr rr��ke any other accommodations or amendments rrv�th regard to the terms of th�s Security Instrum�nt or the �r�dit Agr�ement, withaut that Borrov�er s cvnsent and wi�haut re[�asing that Sorrav�rer or modifyin� th�s S��urity Instrument as to that B�rrower's i�terest in the Property. ��. Notic�. E�cept f�r any not�ce requ�red under ap licab�� aw tc� b� �v�n in another manner a an nntice ta Bv�rvwer ra�ided fa� in this �ecurit lnstrument s�a�l �e i�e � � � p � y g n by delirrerin it ar� mailin such natic� b First c�ass mail addresse B d to orrowe� at the Pro e�t Rddress vr at such other address as B�rrower m esi n � � a d F g ate �y not�ce ta Lender as prorr�ded here�n and b ar� no��ce to Lender shall �e iven � �`irst c�a s i� L , � } y g y. s ma to ender s address sta�ed herein ar to such ather �ddr�ss as Lender may des�gna�� b notiee to Bvrrower as pro�ided h�rein. Arr notice rovided far �n this Securit fnstrument shal�be d�en�ed t� haWe been irren to Bar�c�wer or L�r�derp vhen �Wen in the manner�d si nated herein. � e �3� �v�ernin Law� �e►verabil�t . The state and local law a lica i i g , y . . . s pp �e to th� Securrty Ins�rum�nt sh�ll be the lar►vs of the�ur�sd�ct��n in wh��h the Pro�e�rty is located. T'he fvrego�ng �entence shal� nvt I�mit the ap �icabi��ty of Federal �av►r to this Security �nstrumer�t. �n the e�er�t tha� an rorrisian or clause o�this ��curit �nstrum�nt or the Cred�t A reement conf�icts with a lic��le law such ��nfli�t shall n�t affect othe� r�Wisi�n g pp , p s of th�s Secur�ty Instrument ar the ENE998ye