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2� 17�2233 , �� appl� the undis�ursed balance of a.ny Net Fr�ceeds Defic�enc� deposit, t��ether�vith inte�est thereor�, to the payment of th� Debt in such ��der, �r�orit� and pr�par�i�ns as Lender sha�l deem tQ b� apprapriate in its so�e ar�d a�solute discret�on. In the e�rent �f a sa�e, i�y foreclasure, povver of sal� �r ather�vise i� acco�da�.ce �rith th�� S�ctian 7.1, of less than al� of the �ra�er��, �his Security Instrument shal� continue as a 1�er� and se�ur�ty �ntere�t�n the rema�ni�g partxon of the Prop�rt� un�mpaired and�ith�ut lass of�riarity. Secti�n'7.2 Ap�licat�an vf Pr�ce,�,,,,d„�,• Upon th� �c�urrence a.�.d durin� the �antinuan�� af ar� ��ent af D�fau�t, the purGhase rnane�, pro�eeds an� a.�aiis af ar�� dispasit�o� of th� Proper��, ar an�part thereofa in accardanc� �v�th Se�t�an 7.1, �r any oth�r sums co��ct��. b� Lender pu�suant ta the Not�, th�s S�cu�ity Instrument or th� other Loan Do�uments, ma� l�e a�pli�d by Lender to the payment af the Debt �n su�h pri�rity ar�d propar��o�.s as Lender in i�s �.�scretion sha�l deem prap�r. Sect�on 7.� Ri ht tQ Cure D�fau�ts. Upo� th� oc�urrenc� and dur�ng th� ��r�t�nuan�e �f any Event �f Default, Ler�der may, �Out �v�tha�t an� ob�igatia� ta do so and without notice to or demand on Indi��dua� ��rrowe� and without releasir�� Indi��dual Borro�er fram any obligation h�r�under,�nal�e a.r��payment or do any a�t required�f I��vidual Barrow�r hereur�der giv�ng rise ta su�h Event Qf Default ir� such ma.nr�er and to such e�t�nt as L�nder may deem necessar� ta p��tect the se�urit� hereof. Lender �s auth�ri��d to enter upan the Property far such purpos�s, or ap��ar in, d�f�nd� o�brir�g an� actior�or proceedxng to protect �ts �nt�rest in the Praper�y �r, u�or� th� ac�urrer�ce and durin� the c�ntinuanc� of any Event af Defa�lt, t� fareclos� thzs S��urit� Instrument �r collect the I�ebt, and th� r�as�na�� and �ocum�r�ted cost an�i e�pense thereof �inclu�i�.g r�asona�l� ar�d docume�ted att�rneys' f��s to the ��ten� permitte� b� �aw�� th int�rest as prov�ded in this Sect�an 7.3, shall �ons��tute a port�an of th� Debt ar�d s�ai�b� �ue an�payabie to Lend�r up�n de�na�d. A�I such reas�na�le and�ocumen��d casts and �xpenses in�urred by Le�der in r�med�in� 5�ch E�ent �f I�efau�t ar �r� appear�ng in, def��c��r�g, �r bri�ging an� su�h actian �r pro�eeding sh��l b�ar �nterest at the I��fault Rate, for th��eri�� after notice fr�m Lender that such c�st or ��pense was incurred to the date �f p�.yment t� L�n�er. All su�h reasonable and d��ume�ted costs and e�penses �ncurred b� Le�de�tageth�r �v�th int�res�the��n calcu�ated at the Defau�t Rate shall b� d�em��i ta c�nst�tute a portion af th� Debt and �� sec�r�d b� this Se�uri�y Instrument a�d the oth�r L�an D�Gu�nents ar�� shall �e �mm�diatel�due a.nd pa�abie upon d�rn�.n��y L�nd�r the�ef�r. . S��tion 7.4 Acti�n� and Pr��eed�n s, Sa long as an Event af I�efau�t has oc�urred ar��s �ontinuing, L�nd�r has th�right t� appear ir�and defe�d an�acti�n�r pr��eding brau�ht v��th respe�t ta the P�op�� a.nd t� brir�g ar�y action �r �ro�e��r�g, i� the n.ame and on behalf �f ��rrov�er, which Lender, in its discretion, decides should be 1�rought to pratect �ts interest in the Property. . Sect�on 7.5 RQcov�r�of Sum� R�q_uYred T� Be Paid. Sa 1Qng �s an E��nt of I�efault has ��ur�ed and is cont�nu�ng, L�nd�r shall hav� the ri�ht frorn t�me to time to take a�ti�n to recover any sum �r sums v�rhich �onstltu�e a pa.rt of the I)e�t as th� same b��ome c�ue� �i�h�ut r�gard ta �heth�r �r nat th� baiance of the De�t sha�I b� �ue, an� without prejudice to �he right �f Lender ther�after to br�n� an a��ian of fvreclosure, �r an� other a�t��n, for a default ar defaults by Indi�r�dual Barr�wer e��st��.g at th�time such earl�er acti�n�a� commenc��. � 16 �