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<br /> ` �'� 7. Piate�Fna aiL�n�Rig�is in the Pc�pertp u Eonower falls te�perform'the aaveaanfs and agceements '� A
<br /> ' - ,',� wntained in tltis Security Insuameat,o:there Is a iega!proceeding Wat may st�cantiy affect Leader's rIg6ts in the °:�° .. .� . ,
<br /> Property (such as a praoeeding in bantunpt�.y. pmbate, for oondemnation or forfeiture or w enforae lacvs or � . .�`� �.,� ,
<br /> _ ��-� regutatIoas),then Lender may do and pay for whatever�s aecessary to protect the value of the Property and I�endefs �, . ( ' .� :..
<br /> �-' t rig6ts in Ute Property. Lende�s actions maY lactnQe PaJ+in$auy sums s�isy a Hen wbich hss prIorlty over tWs - ---�'�= :
<br /> � ` Sec�uity Insuament,apgeazing in coait,PaYiag reasonableattomeys'fees and eateriag on the Property w make repairs. _ � R .��,`
<br /> . AtWough Lender may take actIon under thLs paragraph 7,Lender does not Have w do so. .�.=:t
<br /> . . . Any amoaats disbnrsed by Len�er nnder Wis paragraph 7 shall beaome additIonal debt of Borrower secared by this _ `' F, �
<br /> , � _.v:.: �:
<br /> • . ` S Instmmen�. Unless Bonowet and L+ender to othor temos M thes�amo�ts shali bear iaterest ` ' ., '„_'ri-=°
<br /> .. �9 � ��� , .�;;. . •:.,.s,__...
<br /> . .. � from We date of disb�usement at the Note rrite and sl�all be payab2e,with iaterest,upon aotice from Lender w _—
<br /> Borrower regae,gdng payment � v y�
<br /> ' , 8 ��amc� If Lender required mnrtgage insnrauce as a ooaditioa of mal�ng the loan secured by tbLs � � _.�=F,:.
<br /> ' . Secoritp Iasuameut,Borravrer shaU pay the pt�eminms reqnired to maiutaia the atortgage inswance I n e�C t. I�f or ". •` •.- _--
<br /> .' anq reason,the mortgage insuraace coverage reqnited by Ieader lapses or ceases ta be in effiect,Borrowes sball pay . -
<br /> �.. , ' the premiums required to obtain wverage snbstantiat2q eqaivaleat to t8e mortgage iasurauce prevIonsly ia effect,at ` ..� ;-::_
<br /> �`, a cost sabstantiallq eqnfi►atent to the oost to Bomower of the mongage insaisuae previously ia effect,from an altemate - . � _
<br /> r . .F �. :--�_-
<br /> mortgage ins�ret approved by Lend� If snbstant�altq eqaFvatem mortgage insurauce caverage is noi ava�abl�, '.,...,:.:,-�-,=
<br /> . � . � Bonower shall�ray to Lender each mont6 a snm equal to one-twelfth of the yearby mortgage insuraace preminm being - - -- --
<br />.� - . �:-:.�; paid by Bormwer whea the inswance rrnerage lapsed ot oeased to be in effect. Len�r wUl ac�oept,use and retaia � —�——
<br /> . . � these payments as a tass reseive in lieu of ntortgage Insuianc� Loss reseive paqments taay ao Iongcr be reqnlred,at . . ,-'"�"�
<br /> . • _- the optIoa of Lender,if mortgage insuranoe caverage(Ia the amoant and for thepertod that Lenderreqnires)pmvided �"�.>_
<br /> . . by an insurer appraved by Leadcr again becomes avaitable aaa!is obtaiaed. Barrawer shaU pap the preminms required ,'�.,� `=,?r'�t=Y.�
<br />:. , � � to maintain mongage insnrance in effect,or to psavide a loss resenr�nntfl the requinement for mortgage insaran�e ,'h. � `��:',-�-�.
<br /> ... - . :,f� eads in accordance with aay written agreement 6etweea Barrawer aad Leadet or applicable law , . �� �
<br /> ` , 9 1��peaton. I,ender or its agent may make reasonab2e entries upoa and inspections of the Property. Leader �^ '�?����-
<br /> �:^�_r�—.
<br /> . � shall gfive Bonawer motfce at the time of or prlor to an inspection sp�reasonab2e rause for the inspection :�,,,�,
<br /> � � � iQ Conde.mmet�o� The praceeds of any award or c2aim for damages,dirwx or coaseqnential,ia connection wIW � :��
<br /> . ; . anq condemnation or other taking of aay part of the Yroperty,or for comeyaace ia lien of wndemnatioa,are hereby '';,=='-
<br /> assigned and st�all be paid w Lender. ., '. � '�
<br /> _ � Ia the eveat of a total taldng of the Property,the prac�eds sflall be applled to the snms secored 6y tbis SecarIty � .. -.'--��`=
<br /> � � � . Instr�ment,whether or not Wen dne.with azry e�o�pald w Boncswer. In the event of a parttaI taldng of the Propt�rty . " .�-
<br /> in which t$e fair market val�e of the Property immediatcly before the taldag is cqnal to or greater than the amount .. . . --—
<br /> - - � � - of the sums secaued by tb8s SecurIty Instroment immediatelq before the ta�nnless Bonower and Leader oWe�wise r• ��.�-�;
<br /> �� agree in wrlting,the sa�s secared by Wis Seaurity Insuuaaent shaU be rednced by the aanount of the prooeeds . ... . ..°��,::
<br /> ; multtplled by the foltowing fraction: (a)the wtal amonnt of the sums secured im�edia[eIy before the taWng,dfirided . � � •��5��=
<br /> ' � .�` by(b)the fair marget value of the Property immedlately before the taIdng. Any balance shall be paid to Borrawer. . � ��`�`=`
<br /> � Ia the event of a parolal taldng of the Froperty in which the fair market value of the Propercy immediately before the ' . : . . �`•'�-�
<br /> � taking is tess than the amonnt of the snms se�ured immediately before the takinp�unless Banawer and Lender : ���—..
<br /> � . , ; otheiwlse agree In writing or untess applicable lawr otheta�ise provides�the pmoeeds shall be applied t�ffie sums •• � �'�°�
<br /> � � secured by thLs Securiry Instrument whether or not the sums are then dne. �� �
<br /> �_.
<br /> � � If the Property is abandoned by Borrawer,or i�after natice by Lender to Borrower that the wndemnor offera to • .�{ •
<br /> ..�:i : make an award to settle a clalm for damages,Borrow�r fatls to respond to Leader witbin 30 days after the date the � .
<br /> . notice is given,Lender is auWorl�ed to coltect and apply the proceeQs,at its optton,eiW�er to reswration or repair of
<br /> � the Property or ro the sums secur�d by Wis Secarity Insuument�wheWer oz not then Que. ' _ ° �
<br /> . $ Unless Leader and Borrower otheiwlse agcee in writtn�,a�r applicatios of proceeds to priacipal shall not extend � •� . ° . _
<br /> •. ; or postpone the due date of the monthly payments refeaed to in paragraphs 1 and 2 or change the amount of such . ,
<br /> �. . a
<br /> t paymenis. . � .
<br /> : � 1L Bormwa Not Reteased; For6eaisuee By I�der Not a Waivea. F.�tensioa of the time for payment or � . .
<br /> . . modiflq@on of amordTadon of the suma secured tsy this Securiry Insuument granted by Lender tQ anyr successoi in -
<br /> ' � interest of Borrower shall nat operate to retease uhe liabllity of the orlglaal Bonower or Borrower's successoYS ln . � ' � :
<br /> , � ' interes� Lender sBall not be required to commence proceeding�ag,ainst any suocessor in lnterest or refuse w exteud
<br /> ..; . .-
<br /> . . . • • ; N�IiA48A Slagte FamilyFPIM/VF�MC UNIE�R�d II�L4IRUMffidP Fa�3078 91?0
<br /> t ma,mm�syu���eo�bsv�v6x Page 4 of A �, ...
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