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MAY 26 '98 16:46 FR TO 13083817234 P.21i41
<br />20001014'
<br />. Unless Lender and Borrower otherwise agree in writing, all awards, payments or judgments, including interest
<br />thereon, for any injury to or deco are in the value of the Property received by Borrower will be used to restore the Property or
<br />applied to the payment of sums secured by this Security Instrument, application of roadsuto principal shall not extend
<br />Borrower. Unless Lender and Borrower otherwise agree in writing, any app p P
<br />or postpone the due date of the monthly payments referred to in Paragraphs 1 and 2 or change the amounts of the payments.
<br />Borrower agrees that in the event an award, payment or judgment includes compensation for both injury or decrease in the
<br />value of the Property and compensation for any other injury or loss, the total amount of such award, payment or judgment
<br />shall be deelmed compensation with respect to the property and Borrower hereby consents to Lender's intervention into any
<br />proceedings regarding the Property.
<br />. Borrower shall be in default under this Severity frustratrlent, if Borrower, during the loan
<br />7, Loan Application Process
<br />application process, gave materially false or inaccurate information or staunrents to Lender (or failed n provide Lender with
<br />any material information directly bearing on Lender's decision to extend credit to Borrower), in connection with the loan
<br />evidenced by the Note. If Borrower fails to perform the covenants and agreements eontsined
<br />S. Protection of Leader s Rights in the Property.
<br />in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as
<br />a proceeding in bankruptcy, probate, for condenmation, forfeiture or to enforce laws or regulations), then Lender may do and
<br />pay for whatever is necessary to protect the value of the Property and Ltnder's rights in the Properly. Lender's actions may
<br />�,, .... gals �:��•' -s 1))' a 1'.c^ •:truer: i:zs priority o -.: ti;:_ security ?nstn reTtt, z;!peaSin° in court, paying
<br />reasonable attorneys' fees and entering on the Property to make repairs or abate nuisana:s. Aititvugh i�'uder Ml t=ke acucn
<br />under this paragraph 8, Lender does not have to do so. The right of Lender to protect Lender's ��� of value property shall
<br />include the right to obtain at Borrower's expense, property inspections, credit reports, appraisals, other
<br />expert opinions or reports unless prohibitod by law -
<br />Any amounts disbursed by Lender under this Paragraph 8 shalt become t, these bs� is of shall interest from the
<br />Security lnsuumcat. Unless Borrower and Leader agree to other terms of payment,
<br />date of disbursement at the Note rate and shall be payable, with interest, upon demand of Lender.
<br />S
<br />9. Mortgage , insurance. If Lender required mortgage insurance as a condition of maltirrg'the loan secured by this
<br />Security Instrument, Borrower shall Pay the premiums required to maintain the insurance in effect until such time as the
<br />requirement for the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />1p, inspection. lender may snake or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that bender shall give Borrower notice prior to any such inspection specifynng reasonable cause therefor as related to Lender's
<br />Interest in the Property.
<br />11. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender, subject to the terms of any mortgage, deed of trust or other security agreement with a lien which
<br />has priority over this Security Instrument. a the proceeds shall be applied to the sutras secured by this Security
<br />In the event of a total taking of the Property, p
<br />Instrument, whether or not then due, with any excess paid to Borrower. IQ the event of a partial taking of the Property in
<br />which the fair market value of the Property immediately before the taking is equal to or greater than the amount of the sums
<br />which t e this Security Instrument immediately before the taking, unless Borrower and Fender otherwise agree in writing, the
<br />secured suns secured by this Security
<br />Instrument shall be reduced by the amount of the proceedsf�pliby the �G of the Property
<br />(a) the total amount of the sums secured immediately before the taking, divided by (b)
<br />immediately before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Pttaperty in
<br />which the fair market value of the Property immediately before the taking in less thin
<br />out a amount o la sums secured
<br />immediately before the tatting, unless Borrower and Lender otherwise agree applicable
<br />provides, the proceeds shall be applied to the sums secured by this Security Instrument whether or not the stuns are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails
<br />at its option,Leirher within 30 days after the due the notice is restoration or repair of the Property r
<br />given, Lender is authorited to collect and apply proceeds,
<br />the sums secured by this Security Instrument. whether or not then due. application of proceeds to shall not extend or
<br />Unless iender'and Borrower otherwise agree in writing, any app p P
<br />postpone the due date of the monthly paymmu referred to in Paragraphs 1 and 2 or change the amount of such payments.
<br />12. Borrower Not Released; Forbearance By lender Not a Waiver; Acceptance of Partial Payment. Extension of the
<br />time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to
<br />Borrower or any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original
<br />TIE MSKA DEED Of TRUST 19701 0087242657
<br />M003.4NE v►ps a d
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