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<br /> � nd Lender's secur+tY is not tessened. lf th�e�st�o�a�tt�n
<br /> , ��:� .': ';�-` repair is economicaify feas�b{e a , --�=:
<br /> �.`<���: � ......-�.
<br /> � or repair is not ecanomically feasible or Lender's security would be IQSSened, i e : �.., . . :,�.
<br /> � insurance proceeds shali be appiied to the sums secured by th3s Security Instrument. � ; - ..
<br /> . ' .!<: `•4k
<br /> � - � whether or noY then due. with any excess paid to Borrowers. If Borrowers abandan «..,c' .Y , .'
<br /> ; _,.:
<br /> "� �� � the Property,or do n o t a n s w e r w i t h i n t h t r t y t 3 0) da ys a notice from Lender that the �.. 4,,t,,;._
<br /> ` 4 � ` then Lender may catlect the insurance 4;.; ;� � �
<br /> ��°: insurance carrier has offered to settte a ciaim, � �.'�<�;.:. ;,
<br /> ��'"'���� proceeds. Lende�may use the praceeds to repair or re�to;e the Propeny or ta pay
<br /> • ;:�::--....,�:_� whetf�er or not then due. The Lhirty l30) ,�; �.
<br /> sums secured by this Security Instrument, .� :: ��
<br /> � �`� day period will begin when the notice is given. - � .
<br /> .... . . .�`�j:_ "
<br /> ,-- - ����-. Unless Lender and Borrowers otherwise agree in writing, any application of ,:t .. ;`� ',.
<br /> .. � proceeds to principal shaii not extend or postpone Lhe due date of the payment ,�, .� .. �,`�' •:`r'
<br /> � � • referred to in paragra p h s 1 a n d 2 o r c h a n g e the amount of the payment. If under ;,, � _�__
<br /> -��.. . .
<br /> ' �. � � paragraph 17, the Property is acquired by Lender, Borrowers' right to any insurance .-;�,,• , �.
<br /> r�ar t�the acquisitian .�-� .F °
<br /> � �� po►icies and proceeds resuiting from damage to the Praperty p ' ._ ',';�_,'�,a..:�
<br /> � � ' .��,�� shaii pass to Lender to the extent of the sums secured by this Security Instrument =
<br /> � ' �� irnmediatety prior to the acquisition. . ���I.�' __
<br /> `,,. ,.�'. , . -
<br /> • �'" -
<br /> _ 5. Preservation and Maintenan�anf e the Property,aifow herrP opertY to � - __
<br /> � not destroy, damage or substant�ally c g _�-�
<br /> � deteriorate ar commit waste. If this Security Instrument is on a leasehotd, Borrowers , :����._�.�. _
<br /> . �. � �.�-�.:
<br /> ' � shall comply with the provisions of the lease, and if Borrowers acquire fee title to the . ,�;,,�?,,.�„.
<br /> � � ...��;�"°�.
<br /> , � . _ �� Property, the leasehotd and fee title shatl not merge unless Lender agrees to the .^. . �.:;
<br /> . �, , � � merger in writing. , �• =P
<br /> . � - f1 ' _ : r::'
<br />_ 4<
<br /> � 6. Protection of Lender's Rights in the PrapertY: Mortgage Insurance. If : .; ,
<br /> } '� � � �� Bo�rowers fall to perform the covenants and agreements contained in this Security ,` :�:�,
<br /> • ' � , ".' Instrument,or there is a legal proceeding that may significantly affect Lender's rights , � '. J
<br /> � � . in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to . '�•.,. . �
<br /> � � � enforce laws or regulations), then Lender may do and pay'�or whatever is necessary ,,
<br /> �� to protect the value ot the P�opercy and Lender's rights in the Property. Lender's �� �•� �
<br /> ' .,::�% .,
<br /> � actians may include paying any sums secured by a tien which has_priarity over this �;."�.•��.-���
<br /> Security Instrument, appearing in court, paying reasonable attorneys fees and , „..-�.=: ,
<br /> � � entering on the Properry to rnatce repai�s. Aithough Lender may take action under this •:��4-
<br /> ' : � � paragraph 6. Lender does not have to do so. : . �
<br /> . . .�:.±�`-
<br /> � �• Any amounts disbursed by Lender under this paragraph 6 shall became _.�.:�;,
<br /> � . ,--F-:,�
<br /> � � '1 �r additionai debt of Borrowers secured by this Security tnstrument. Unless Borrowers _�_�
<br /> an d Len d�r agre e t o o t h e r t e r m s of pa yment, these amounts shatl bear interest from � ;._*;�:.••
<br /> . � • �_ .: ..�:. -,:=.��:
<br /> • '� � � the date of disbursement at the Note rate and shali be payable, with interest, upon ��t,;��
<br /> �� � � • notice from Lender to Bor�awers requesting payment. , :
<br /> �� ' � if Lender requires mortgage insurance as a condition of making the loan � ••
<br /> �� � secured by this Security Instrument, Borrowers shall pay the premiums required to r_ _ .
<br /> ' . . ,.�. � ! '' � � � � ..�
<br /> maintain the insurance in effect until such times as the requirement for the insurance
<br /> �, . � . terminates in accordance with Borrowers' and Lender's written agreement or
<br /> . . • applicable law. � .
<br /> � � � � 7. Inspection. Lender or Lender's agents may make reasonable entries � :
<br /> . � ` a upon artd inspections of the Property. Lender shall give Borrowers notice at the time � �
<br /> � ' of or prior to an inspection specifying reasonable cause for the inspection. . , .
<br /> � . � �.; , a�
<br />_ �
<br /> � 8. Condemnation. The proceeds of any award or claim for damages, direct � . �.. •�
<br /> � " or consequential, in connection with any condemnation or ather taking of any part of . �
<br /> ' � � the Property, or for conveyance in Neu of condemnation, are hereby assigned and _
<br /> �' • � � shatl be paid to Lender. . � . �
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