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<br /> � 6. Rrotection of Lender's 84ights in the Property; Morcgage Insurance. if Borrower faiis to perforre� - , . •� ''�_
<br /> � the covenants and agreements contained in this Securityr Insuument,or there is a legal proceeding that ;,:, ' - ` �
<br /> may significantly affect Lender's rigMs in the Property tsuch as a procesding in bankruptcy,probate,far � --
<br /> condemnaYion or to errfores laws or regu#ations),thsn lender mayr do a�pay for whatever is rtecessary � " :
<br /> • to protuct the vatue of tha Property and Lender's rights in the Property. Lender's actions may include . ' .."'
<br /> paying any sums secured by a lier�v�?L:�fi has priority over this Sc�curi4y Instrument,apQsaring in court, _ . •�' ,:���.,
<br /> - payir.g reasor�attomays't�ess a�ti ear�ring un the Progerty to maQce�e�airs. Ahhaugh Lender may 4ake _- ,__ _ 4--_
<br /> action under this paragraph 6, Leaxiet does not have to do so. . �
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<br /> At�amaurns disbursed by lender urxier tfiis paragrap�6 shall become additional debt of Borrower _ , . . _ , ' �
<br /> secured by 44vs Security Insuumertt.Unless Borroverer and Lend�r agrea to other terms of payment,these _ � ;�•
<br /> amaun3s s�naft(oea�interest fror�th�daie of disbursemens at tP��No4e rate and shaB be payabls, with � • ��v'���`�-r_
<br /> . interes2,upon no*•ice from Lender to Bacnow�r requesting pay�nam. �� ;����` '
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<br /> If Lender required mortgage irLSUrance as a condition of ma6cing YP��laan secured by tt�i��esurity a`s�� � ; ���`.`°?-�
<br /> fr�tr�ment,Borrower shafl pay the prer�siums re�uired to maintain the insurance in effect urttil suah times �����, ' :. � � .
<br /> as the requiremon4 for the insue2:lce terminates in accordance with BoROwer's ar� Lender's written ;,.''�;'• ,��_ .:�-r!'"°�""�
<br /> _ agreement or applicable law. `"� � � . �..::: :
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<br /> 7. Inspection. Lender or Le�4•�'s�r�4s may make reasonable errtries upon and ins�ections of f�. �° , {����`.
<br /> the Property. Lender shafl give Borm�sa* �atace at the time of or prior w an inspection spsc+fying ?'•F,;��(1�. .' =.��.:��•
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<br /> - reasonabte cause for the inspection. _ ,��,�t.
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<br /> 8. Condemnation. The proceeds ofi�rry award or claim for damages,direct ar consequential,in -
<br /> connection with any condemnation or other tak�n�of any part of the Property,or far conveyance in lieu , ..�;:�`•' f' •_,��"
<br /> _ of condemnation,are hereby assigned and shail be paid to Lender. �%�+�=�� _•�.�
<br /> In the event of a total taking of the Property,the proceeds shall be app!ic�l to the sums secured �
<br />. by this Seaurity Insuument,whether or not then due,with any excess paid 4o Bmnower. In the event of t'
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<br /> '- a part3al taking of the Praperty,unless Borrower and Le�der otharwise agrea in+nrrimr�g,the sums secured , ••�' � . �t�.:,::
<br /> .: ~ by this Security tnstn�snt shall be reduced by the amount of the proceads multiptied by the foUowirtg ;'� : E+ :
<br /> ~..c fraction: (a)the totel arr�oum of tl�o sums saxuro�immediatefy before ihe taking,divided by(�b!t'+►e fair .�.-�` ���;~
<br /> : martcet v�iu�ot 4he Property ime:-urci;ately befare the taking. Any 6alance shall be p�id to Borrawrar. �� .� �
<br /> ���.,'
<br /> it the Property is abancl�TSd by Borrow�r, or if, after notice by Lender to Borrower 3hat the �c , _
<br /> - condemnor offers to make an award or settle a claim for damages,Bosrower faifs to respond to Lendar *•��--'�
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<br /> wlthin thirty (30) days after the date the notice is given, Lender is authorized to coltect and appty the ��.
<br /> roceeds at Lender's o tion ei��r to restor�or re air the Property or to pay tfie sums secured by this � •. ���`��•�.
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<br /> • Security In..ctrument,wh�ther or nat then due. ' .�°�� —
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<br /> Untess leruiac and Borrower otherwise agtee i�writing,any applica4ion of proceeds to principal } 1
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<br /> shall not extsnd or pcst�one the due date of the monthty payme�ets re�crred 4o in paragraphs 1 and 2 or _ � �'�'•••
<br /> �� change the amaun4 of such payr�.:nts. _�
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<br /> ' 9. Borrower Not Reteased; Forbearz�xe by Lender Not a Waivar. Extension of the time for "—"--��"-'�
<br /> � , , payment or modficz*�on of amortization of the�.rns secured by this Secu�ity Instrument grartted by Lender �"" w��': "♦
<br /> � t to any succassor in inzerest of Borrowor sha:9 not operate to refease tha Iiability of the originaf�nower --"�"-��''°'-�"`_�
<br /> •-+� ' o r B o r r o w e r's s u c c e s s a r s i n i n t e r e s t. L s n d e r s h�1 1 n o t 6 e re q u i r e d t o commence proceedi n gs a gainst an y _ ,—�:_`.�=_
<br /> �•I : successor in irtterest or refuse to extend time tor payment or otherwise modify amoRization of 4he sums _���_:'_"`'`�,�
<br /> ;'�r'� secured by this Security inswmerri�yr reason of any demand made by the original Borrower or Borrowers "'�° '^ - �'
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<br /> successors in ir�rest. Arry forbearance by Le�nder in exercising any right or remedy shall not be a waive� � '���" `"`-�"��:
<br /> of or preclude the exercise of any dght or r�:n�dy. �'{'"���•
<br /> � �y �3��Nd.:: ,_
<br /> 10. Successors and Ass?$ns Bcund;Joint and Several Liability;Co-sig�ers. The covenants and --
<br /> ; agre8ments of ti�is Securiiy t:�inrment shall bind and benefit the successors and assigns of Lender and ����� '
<br /> Barrower,subject to tho p;ovi>iartis of paragtaph 17. Banower's covenants and agreemertts shal)ba joint �-�`���-�-�L�-
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<br /> and several. ,r�t+,s�, �,;�,y;;�
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<br />��-;::;., 11. Legislation Affecting Lender's Rights. If enactrnont oa e�iration of applicabte laws has the • ,�,�,,;;::;;c�°�,.
<br /> effoct of rendering any provisioe�04 tho Note or 4his Secwity Inst►ume�t unenforceable according to its �''�r�'�:ti�'�7�'f.'.
<br /> terms, Lender, at Len�er's option,may require ianmediate Daymar►t in full of all sums secured by this " "`�'�`�'4;,�`�`
<br />� Security Instrurr�on�a�may invoke any re�nc��°s permitted by paragr�anh 17. '%�`'•��• �-
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