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<br />200801473
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<br />comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee
<br />title shall not merge unless Lender agrees to the merger in writing.
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<br />Protection of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements
<br />contained in this Security Instrument, or there is a legal proceeding tllat may significantly affect Lender's rights in
<br />the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of tlle Property and
<br />Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority
<br />over this Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on tlle Property to
<br />make repairs. Although Lender may take action under this section, Lender does not have to do so.
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<br />Any amounts disbursed by Lender under this section shall become additional debt of Borrower sc(''Ufed by tllis
<br />Security Instrument. Unless Borrower and Lender ab'l'ee to other terms of payment, these amounts shall bear
<br />interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender
<br />to Borrower requesting payment.
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<br />Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this
<br />Security Instrument, Borrower shall pay tlle premiums required to maintain the mortgage insurance in e1fect. If, for
<br />any reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shall
<br />pay the premiums required to obtain coverage substantially equivalent to the mortgage insurance previously in
<br />effect, at a cost substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect,
<br />from an alternate mortgage insurer approved by Lender. If substantially equivalent mortgage insurance coverage is
<br />not available, Borrower shall pay to Lender each month a sum equal to one-twelfth of the yearly mortgage
<br />insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to be in effect. Lender
<br />will accept, use and retain tllese payments as a loss reserve in lieu of mortgage insurance. Loss reserve payments
<br />may no longer be required, at the option of Lender, if mortgage insurance coverage (in the amount and lor the
<br />period that Lender requires) provided by an insurer approved by Lender again becomes available imd is obtained.
<br />Borrowt.,'f shall pay the premiums required to maintain mortgage insurance in effect, or to provide a loss reserve,
<br />tuttil the requirement for mortgage insurance ends in accordance with any written agreement between Borrower
<br />and Lender or Applicable Law.
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<br />Inspection. Lender or it~ agent may make reasonable entries upon and inspections of the Property. Lender shall
<br />give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspoction.
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<br />Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condenmation or other taking of any part of the Property, or for conveyance in lieu of condenmation, are hereby
<br />assigned and shall be paid to Lender.
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<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums socurcd by this Socurity
<br />Instrument, whether or not then due, with any excess paid to Borrower. In tlle event of a partial taking of the
<br />Property in which the fair market value of the Property immediately before tlle taking is equal to or greater than
<br />the amount of the sums socured by this Security Instrument shall be reduced by the amount of the proceeds
<br />multiplied by the following fraction: (a) tlle total amowlt of the sums secured immediately before the taking,
<br />divided by (b) the fair market value oftlle Property immediately before the taking. Any balance shall be paid to
<br />Borrower. In tlle event of a partial taking of the Property in which the fair market value of the Property
<br />immediately before the taking is less than the amount of the sums secured immediately before the taking, unless
<br />Borrower and Lender otherwise agree in writing or lmlcss Applicable Law otherwise provides, the proceeds shall
<br />be applied to the sums secured by this Security Instrument whether or not the SUlllS are then due.
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<br />Ifthe Property is abandoned by Borrower, or if, after notice by Lender to Borrower that tlle condenmor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within the minimum number of
<br />days established by Applicable Law after the date the notice is given, Lender is authorized to collect and apply the
<br />proceeds, at its option, dth('T to ft.,'Storation or repair of tlle Property or to the sums secured by this Security
<br />Instrument, whether or not tllen due.
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<br /><02004-2007 Copyright Complimcc S,.l""., hI", SC9C.7431 .2007,01,201
<br />COlllllllllcrReal Hlllale - Sec~ty Imt.nmJeI~t DL2036
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<br />Page 4 "rs
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