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<br /> ��� � 5. Hazard or 1'ropert� lnsuranre. if<�rn�a•rr sh�dl ker�+ tl,r�m�:r��c•mrnts nuu rxisting��r hrrrafter crtxtcxl�m ��
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<br /> �°' � , � • mcludrng f1����dti��r flu�,ding.f��r ai���t� Crnder rcyu�rr� ,n��.ranrr. 1 tu�iotiz��an��r ,t►all hr mainca�nc.! �n rhr am��unr� ` •
<br /> '�: � ' nu.! fur*hr prruJs that i.rndcr r�yu�rc:. (�hr m:air.�nre carner pr�r��c3rng t��r�tttiurenrr �iiall hc rhusrri h� Hurru«rr � ,
<br /> � ' . �uh�r�r tu I.rndrr s apprmal «hirh shull n�si h�unrr'n::croaibl� n�thhrld. If Iit►tr<n�rr faik tu ma►ntain����rt'et;r drs�rthrd l ` , �
<br /> •� � . ` ah���r. Lrndrr ma}.at Lrndrr'�upiion,uhta�n cu��rr.�gr t���+rv►trrt Ixndcr's rights in thr I'ruprrt} in acrarcianrr «•iih � � f `
<br /> `F=- _ —_� PafaKfeph'. � �.
<br /> ��"`• j� 311 insuranrr puliri� and rrnrn�alt�s�iuli hr a4crpt�hfr u,I.rndrr and shall inrludr a StandarJ mt�rfgagr�lau+r. � , - -- �
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<br /> i I.cndrr tihall ha�r thr right tn hu{d thr pc�ticirti artd rrnr��al�. if I.rndrr srywrrs, $t�rrunrr shall ptum{Stl} gi�r to •
<br /> � � .,
<br /> � I.rndrr xli rrrrip�y uf paiJ prrmutmti and rene��:ii n��ticrs.In thr r�rnt uf lus�, 13orrourr shall gicr prompi nucirc w ihr -
<br /> .;��. . .. -� insurance Larrirr and 1.rnJrr.I_rndrr ma��m�+kr prr�uf��f luss if nut mac�r pn>mpd} bc Borroarr. �: .� , ��
<br />`•�'= . .� l�nlesG i,rndrr and Borrun�rr othCnrixr agrer in n riting.insucanrc�rorrcds sf�all be appiird to rrstoration or repair - �, .. `,L�
<br /> �'. �y uf thr I'ro�ert) ciemageci,if thr�rsti►rati�3n or rCpx�r�s crunumically fraSiblr and Lcndcr's scxurit� is not le�ettrd.lf thc �a ,: • � :
<br />:";� �. rrstoration or rrpair is noc�x:onomicall±fua.vihlr ur Ixndrr's scti:urit� «oiild he lassrned.the insurance pro�:e�ds shaU be . , �; ,.
<br /> `?= ap}�lied to the sums secured b} tftis S�:uritt�Insrtn�mcnt.�chrthct or nt.t ihrn due, t�ith an}-exu;ss paid to Borroner.If ' - • � •
<br />`:�•; �<� Borrun•rr abaaclons thC Yropert}-,or.d��LS not ansn•rr n-itfiin 3�da}s a nt�ticr fmm I,ettdrr that the�nsurance rarrirr 6as ,` .<"
<br /> "�> ! offcred to srttle a claim, thrn l.ender may� wllcti:t thc insuramr prorex�ds. I.ender ma� usc the proce�cis to repair or • :.
<br /> ` �� rrstorr the Prnprrty or tu pa�sums sce:uttY1 bS�tliis Scw;urity�Instrumcnt.i�hctheror not then due.The 30'day period niU `'��
<br /> ;};. , � brgin nhen the noticc is gi�•en. < < ..
<br /> .�`; Cnl�s Ixnder and Boreo�ccr�thenti�isr agrc�in a�riting.an�application c,f pme�eds to principal shall not e��trnd or . ,� •���,
<br /> #�'�; � � po5-tponr rLhc dur datc af thc mnnttil�pas•m�nu ref�rreei tu in paragraphs 1 and?or changr thr amc�unt c�f the pay menu. ',�� �;.
<br /> `' lf undcr ara h 21 the Yr� C Ifi AC uired b l,endrr. }��rc�rarr's n ht to an insurancr olicirs ar�d roceeds ' '`�"
<br /> ;;%„ ,.,� F P�P P n3' 4 5 B J P P ` .- ,_ ..::__�:
<br /> resultitrg from damage to thr Pr��nertti�prior to thr acyuisiti�m s#�all�ss to I.ender to thr ei�rnt of the sums srcured b}
<br /> -_= this Sccurit}-lnstrument immediatrl}�pnor u�thr arqufsitiun. ._
<br />-�-��� ' 6.Occupanc�.Preser��atir�a J�aintcnance and Prutect�un uf ihe 1'r�,pert��: Burre�a�er's Loan flpplication: • -
<br />�f�' l.easeholc�ss. Borro�er shall occupy.c..wtdbliah,and u�thr Pili�Cfl}'i15 }inrroirer's pnncipal r�sidence aithin siat} day�s .
<br /> :%%' � aftcr thr e�ccution of this Scti:ur,n InAtnimnnt and shall rontinur tu uu:up� thr I'ropert}� as Horto�eer's principal ' � ;�',:.�.:
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<br /> -,±i •- rcsi�ence for at teast one ycar aftar ttta dutr cjf occupanc��.unlrss I,ertact t,thrrn�isr agre�in��riting,�vhich conscnt shall • - ,�F��
<br /> r;� � not hr unre�asonahly��cithhcld.�sr unl�.ss��trnnating circumstanrrs cxist ��hici�err hryemd�rro�scr's cantrol.Borrower � � ' `�
<br /> , � shall not destroy�,damage or impair thc Pr��pertJ•,allou thr I'roprrt} tu det�riuratc,or rommit waste on thC Yroperty. . �;;;+< .
<br /> '��-'� � � ' Buno�vCr shall bC in default if any�.forffriture action or proce�ding.�shether ci�•il or criminal,is begun that in[xnder s �r,';r'':
<br /> •`� : � good faith rudgment could resulr :n?rsrf�in�re af thc Prr��ert� or othern�i� materiall�'impair the tien created by� this � '' � :��K:<<�-
<br /> ��_';� SCCUritS L,��s.rument or I,ender's 3rcuritp intrrwst. Aorr�n�cr ma�• cure such a d�fault and reinstate, as procided in . '•'`�v.'v��'.•` :
<br /> ,, s , paragrap�. r8, by causing thr acc:un or pr��cceding to he d:smissed r;ith a ruling that, in Ixnder's goad faith � •s��
<br /> ;� determination,precludes forFeiture uf thr B��rro�ser's intcr�t in thc Yro�ert��or other materia) impairment of the lien .
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<br />_- _ ' �� �reated b�• this Securit5 instrument or L�nd�r's se�:urit}•intrrr_-r.Borro�;er sfiall alsa be in default if Borroccer,during r�, :°'.�:�� : ..��,_.<s±
<br /> the loan a�plication proce�s, ga�•e mat�riaAy falsr ��r inac��r�w information ar statrments to l.ender (or f�ilaS w � '{>t, ;�°`
<br /> � 7 r:� ; rovide Lc.�det aith an material inf�rmatinn)in conn�.�cior�tith tha loan cridenced the\Tote,includin bL=not , 1� � 'T
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<br /> :: � � limited to•..representations wncerning Borrower's occupanc��of thc Prc,pert�� as a principal residenr�e. If this Seeurity � .'. �. :
<br /> `° Instrumer.t is on a leasehold.Borrauar shall compl�•with all the pro�•isions of the lease.If Borro�ver acquires fee title to � •
<br /> "c�:s`� the Pmperty,the leasehold and the fe�tstle shall�nz merge unlcss Ixn@er agre�s to the merger in�vriting. ` -
<br /> '� � • 7. Protection af Lender's Rights in the Property. If Aarro«•es fails to pCrform thr w�•enents and agreements � • : ';�<s`
<br /> i,".`'•.i ' contain�i rn this Securitq Instrum�snt,or thar�ifl a legal procerding ihat may significantly affect Ltinder's rights in the
<br /> �' • �' Propem (such as a procr.eding in hHnkruptc}�, prnhate, for condemnation or forfriture or to en4orcr la«s or ` '
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<br /> Yr�,�� � regulatia:;,),then Lender may�du and pay for«•hatC�•rr is necessary to ptntcct the�•alue of th�Propertr and Lender's .
<br /> 3"�� • righu in the Propert. I.ender's actiana may includ� paying any sums �ired b5•a lien cchich has�riority over this ` • �
<br />=°�� � . � Securitq Instrumer:c,appraring in court.pay'ing rexr,�mahlr attornc��s f�znd cntering o��the Pr��perc}u�makc rr.pairs. - � -
<br /> z`�''' ,; �lthough 3xnder may wkr action under thiH pxragraph 7,Ixndrr do�s n<�t hsti•e to 8o u�. � �� ��`.
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<br />;�;.•, ans �moiints disbursect b� I.enr2er undar this pxrxgraph �F�ll bewm�additional drbt c�f$c�rro«�er srAUrc�.i-; �his • � : ti�
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<br /> yg �: Security Frr,trument.C'nlrss H�,m�wsr and I xnd�r agr�r ta uthrr trrms�,i payment,tfirsr amounu shall bear ir.r,erest . .
<br /> �;:-.^� ' ft�m thr dat�of disbursrmrnt at thC�;ut�rata and shall br pa}ablC.«itte interc:�t,u�xm noticr imm f.rnder to Borrower • �
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<br /> � : . • • • rryuesting payment. ° , . �
<br /> •:,•�- ; $. tlortgage Insurance. If I.endar r�yuirrd rsv��rtgage insurancc as a c�mditiun e�f making thC toan secured by�this ' �.
<br /> `'� • � Securit}-�astrument.Ht�rtot�•er shaU�pay tha pr�mi�lms rcyi:ircci to maintain the mortgage insurance in effe�:t.If.for any� � • �.�i�';;,;,,•'.
<br /> �*..;�.� �. :-� � reason, thc mortgagn ins►:rancC�a�•sra�s r�yuirc�cl h�� I.Cns:cr iapses ��r cra.u� w hc in effa:t, Borrc�tver shal! t,-^ay the '�i;�'�;` '•
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<br /> '."<�,.; • premiums required to obtain coeerag�auhstant:all�•�yui��alcnt tn the mc,rtgage insurance pre�•io��.sly in effect,ac a wst , • .
<br /> �': ?. . " substantially rquivalent to the cost t�1 H��rrowrr of the mortgage insuranx pre�•io�ly in effer.t, fr�m an alternate ' • ' '
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<br />- ; � mortgage insurer appro��ed hy I.endut. If euhstantivlly eyuicalent rni�n�;agr insuranc� co�•eragc is not a�•ailable,
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<br />=�_ •�•� , Norroner shall pay to Ixnder each month�x sum cyiwl to��nr t��•elfth nf the y-rarl�• mnrtgage insurance premium briag ! • '�� � �
<br /> '��•`% ` ��''��'�r:"� aid h Borrowet when thC insurance covard��lu sed or cea�d co he in etlr,�;t.l.cndre c:'i1) acc t,use and retain ti,CSe ` '���f�`����� �
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<br /> �;,;; :• �.; payments as a loss raservC �n fiau of mortgu�C inKUrancc. I��t� rc:�et�•e pa}ments may no longer be rcq;:.:ed. 1'• .��.':;�:'��'
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