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Home My WebLink About0998 " Borrower ahall proaptly discherge any lien which hss priority over this Security Inatrunent unless BorroNer: (a) agrees in writing to the peyment of the obligetion aecured by the lien in e eanner accepteble to Lenderi (b) contesta in good feith the lien by, or defenda egeinst enforce~ent of the lien in, legal proceedinga which in the Lender's opinim operate to pre~~ent the enforce~ent of the lien or forfeiture of eny part oF the Property; or (c) aecures fro~ the holder of the lian en egree~t satisfactory to Lender subordineting the lien to thia Security lnstru~ent. If Lender deteradnes thet eny pert of the Property ia subfect to e lien which ~eay ettain priority over this Security ]natrueent. Lender sey give BorroNer a notice identifying the lien. 8orrorrer ahall satiafy the lien or take one or wore of the actions set forth above within 10 deys of the giving of notice. S. H~zard I~r~ce. BorroNer ahall keep the iioprove4enta now existing or t~ereafter erected m the Property insured ageinat loss by fire~ h~zerds included Mithin the ters "extended coverage" and any other hazerds for which Lender requires insurence. This insurance shell be aieintained in the aoounts end for the periods that Lender requires. The insurance carrier providing the insurence shall be chosen by Borrower subject to Lender's approval ahich shell not be unreasonebly Mithheld. I All insurence policies and rene~als ahall be acceptable to Lender end ahall include a stendard mortgage ' clause. Lender shall heve the right to hold the policies and renewals. If Lender requires Borroaer shall promptly give to Lender all receipts of paid pre~iuAS and renewal notices. In the event of loss~ Borroaer shall qive DTOaeot notice to the insuranrw carri~r and Lerulwr. IPnriwr sav makn n~nr+f .,f 1neQ :f ..o.~„ nr~er+F~• h.. = - - - BorroNer. Unleas Lender end Borrower otherwise agree in rrriting, insurence proceeds shall be applied to restoration ar repair of the Property deAaged, if the restoratim or repeir is econowically feasible and Lender's security is not lessened. If the restoretion or repair is not ecanosically feasible or Lender's security Nould be lessened~ the insurance proceeds shall be applied to the suas secured by this Security Instruaie~t~ whether or not then due~ with eny excess peid to Borro~+er. lf Borroxer abandons the Property, or does not ansMer within 30 days a ~otice froA Lender that the insurence cerrier has offered to aettle a clai~~ then Lender ieay collect the insurance proceeda. Lender arey use the proceeds to repeir or reatore the Property or to pay suss secured by this Security instru~ent, wF?ether or not then due. The 30-day period wiil begin when the notice is gfven. Unless Lender end Borra~er otherwise agree in ~rriting, any epplication of proceeds to principal shell not exEerd or poskpone the due dete of the sonthly payieents referred to in paragrephs 1 and 2 or change the aa~ount of the pay~sents. If under peragraph 19 the Property is ecquired by Lender~ Borrower's right to any insurance policies and proceeds resulting frae daa~ege to the Property prior to the acquisition shall pass to tender to the extent of the suais secured by this Security Instru~eent iaw~ediately prior to the acquisitian. 6• Pseservatian and llainte~ice of hops=tr; Le~eNolds. Borrorrer shall not destrQy, de~age or substantially chenge the Property, alla+ the Property to deteriorate or conait waste. If thia Security Instrweent is on a leasehold, Borrower shali coaiply with the provisions of the lease, end if Borrower acquires fee title to the Property, the leasehold and fee title ahall not eierge u~less Lender agrees to the merger in ?rriting. 7. Protection of Lerder's Ri~ts 3n ths Prapertr; Mo~tg~ge In~urance. :f Barro?ver fails to perform the covenants and agreeaents contained in this Security Instru~ent, or there is e legal proceeding that may significantly affect Lender's rights in the Property (auch as a proceeding in bankruptcy, probate, for conde~enation or to enforce lars of regulations), then Lender iaay do and pay for ~hate~er is necessary to protect i the velue of the Property end Lender's rights in the Property. Lender's actions ~eay include paying any sun~s ~ secured by a lien ahich has priority over thia Security Instrument, appearing in court, paying reasoneble f ~ attorneys' feea end entering m the Property to make repairs. Although Lender mey take action under this i paragraph 7, Lender does not have to do so. ~ My a~ounts disbursed by Lender under this paregraph 7 shall becoaie additional debt of BorroNer secured by this Security Instrument. Unless Borrower and Lender agree to other ter~s of paywent, these amounts shall bear ~ interest froA the date of disburseeient at the Note rate and shall be payeble, rrith interest, ~on notice from Lender to Borrower requesting peyaent. ~ If Lender required aartgege insurance as a condition of making the loan secured by this Security Instrument~ Borroxer shall pay the preaiiu~s required to maintain the insurance in effect until such time as the requirement for the insurence tera~inates in accordence with Borro+eer's and Lender's xritten agreement or eppliceble laM. 8. Inepection. Lender or its agent niay meke reasonable entries upon and inspections of the Property. t Lender shall give Borrower notice et the time of or prior to an inspection specifying reasonable cause for the ~ inspection. ~ 9. Cande~nttion. The proceeds of eny eward or claim for demeges, direct or consequentiai, in connection with eny condewnatim or other teking of arry part of the Property, or for conveysnce in lieu of condemnation, ~ are hereby assigned and shall be paid to Lender. ~ In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Instrument, ,fiether or not then due, Nith any excess paid to BorroMer. In the event of a partial taking ~ af the Froperty, unless Borro?rer end Lender otherMise agree in writing, the sums secured by this Security Instrument shall be reduced by the a~unt of the proceeds multiplied by the following fraction: (a) the totel amount of the surns secured imaediately before the taking, divided by (b) the fair market value of the Proparty : imeediately before the taking. Arry balance shail be paid to BorroMer. ~ If the Property is ebendoned by Borrower, or if~ after notice by Lender to Borrower that the condeanar offers ~ to make an awerd or settle a claiin for demeges, Borro~+er fails to respond to Lender Nithin 30 days efter the date ` ttie notice is gir~en, Lender is euthorized to collect and epply the proceeds, at its option, either to restoration ~ ' or repair of the Property or to the sua~s secured by this Security Instruaient, ?rhether or not then d~e. ; Unless Lender end Borro?ver otherwise agree in ?vriting, any epplication of proceeds to principal shell not '~t extend or postpone the due date of the ~onthly payments referred to in paragraphs 1 and 2 or change the emount of ~ such payments. ~ 10. 8orroMSr Not Reiea~ed; Fa~beasance By Lender Not • Mdver. Extension of the time for payment or ~ modification of aa?ortizatim of the sua~s secured by this Securit~ Instrument granted by L~nder to any successor ~ - ~ - , ' f~V,/~~/~ ~`~t~ 1- B~)~7K`~Uli Y'1~=E t,~ ("'~`ri - k • ~ . . _ .:;^r ~I ~ ~ ~ ~ ' ` c '-<a's'. ~ ~ x ~ ~ P,.~ ~k"w"L" ~u: ~ ~