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<br />of the lien an agreement s:a'-->tactory to Lender subordinating the lien
<br />to this Security Instrument. If Lender determines that any part of the
<br />Property is subject to a lien which may attain priority over this
<br />Security Instrument, Lender.. May give Borrowers a notice identifying the
<br />lien. Borrowers shall satisfy the lien or take one or more of the
<br />actions set forth above wit:ziri 1.0 days of the giving of notice.
<br />3. Hazard Insurance. Borrowers shall keep any improvements now
<br />existing or hereafter erected on the Property insured against loss by
<br />fire, wind, or other natural disasters, hazards included within the term
<br />"extended coverage" and any other hazards for which Lender requires
<br />insurance. This insurance shall be maintained for the entire period
<br />that an outstanding balance remains or. the debt. The insurance carrier
<br />providing the insurance -hall be chosen by Borrowers subject to Lender's
<br />approval_ which shall not be unreasonably withheld.
<br />All insurance po__J,:ies and renewals shall include a standard
<br />mortgage clause. If Lender re:;uires, Borrowers shall promptly give to
<br />Lender all receipts of pair± :,rcmlL'ms. In the event of loss, Borrowers
<br />shall give prompt notice ro the insurance carrier. and Lender. Lender
<br />may make proof of loss if rro'. -lade promptly by Borrowers.
<br />4. Protection of Lender's Rights in the Property; Mortgage
<br />Insurance. If Borrowers fail tc perform the covenants and agreements
<br />contained in this Security Instrument, or there is a legal proceeding
<br />that may significantly affect Lender's rights in the Property (such as
<br />a proceeding in bankruptcy, probate, for condemnation or to enforce laws
<br />or regulations), then Lender may do and pay for whatever is necessary
<br />to protect the value of the Property and Lender's rights in the
<br />Property. Lender's actions r,iy include paying any sums secured by a
<br />lien which has priority over phis `�ecurity Instrument, appearing in
<br />court, paying reasonable atr_orneys' fees and entering on the Property
<br />to make rei: airs. Although lender may take action under this paragraph
<br />4, Lender does not have to do .so.
<br />Any amounts dis Pd 1 - -y Lender under this paragraph 4 shall
<br />become additional debt of s secured by this Security Instrument. Unless
<br />Borrowers and Lender agr_:e to other ti�rms of payment, these amounts
<br />shall bear .interest from the date of disbursement at the Note rate and
<br />shall be payable, with interest, upon notice from Lender to Borrowers
<br />re ques7,:ing payment.
<br />S. Inspection. Lender or her agents may make reasonable entries
<br />upon and inspections of rie Property. Lender shall give Borrowers
<br />notice at the time of or r,I-ior to an insypect:ion specifying reasonable
<br />cause for the inspection.
<br />6. Condemnation. T.-:e proceeds of any award or claim for damages,
<br />direct or consequential, tri with any condemnation or other
<br />taking of any part of iii Property, 'or for conveyance in lieu of
<br />c -)ndemnaticn, are hereby geed and slia! be paid to Lender..
<br />In the event of .u?..al tai:ing of the Property, the proceeds
<br />shall be applied to the =gums secured by this Security Instrument,
<br />whether or not then due, wi.t.h any excess paid to Borrowers. In the
<br />event of a partial taking of tY,,o Proi,:ert1,7, unless Borrowers and Lender
<br />otherwise agree in wr;tin:�, tip gums sec,:red by this Security Instrument
<br />shall be reduced by the amount of the proceeds multiplied by the
<br />following fraction: a) 0-..e total_ amount of the sums secured
<br />immediately before the taking, divided by (b) the fair market value of
<br />the Property immediately before the taking. Any balance shall be paid
<br />to Borrowers.
<br />If the Property is abandoned by Borrowers, or. if, after
<br />notice by Lender to Borrowers the the condemnor offers to make an award
<br />or settle a claim for damages, Borrowers fail to respond to Lender
<br />within 30 days after the date the notice is given, Lender is authorized
<br />to collect and apply the px'oce,-,ds, at her option, either to restore or
<br />repair the Property o to x�ay th- sums secured by this Security
<br />Instrument, whether or not t ,e,,. due.
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