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<br /> 6. Occup�ncy� Preacrv�don, M�tntenAnce �nd Protectlon ot the Yropertyi Borrower'e LoRn Appik�tloa;
<br /> I.a�rehoW�. Barrower shaA occupy,establtsh,and use the Property as Borrower'�s principsl tcsidenco withln sixt�r deys
<br /> eRer tha acecuHon of tht�Securiry Inatrument and sh.aA continue to oceupy the Propeny aa Bonawer's principal residenoo
<br /> for et k�aat one year after the date of oocupanry,unkaa I.cnder othervvise agrees in writing,which consent shall not be
<br /> unre�onably withheld,or unkaa extenuating circumstances e�ost which are btyond Horrawet'e control. Borrower ehell
<br /> not deatroy,damage or impa{r the Properry,aUow the Ptoperty to detoriorate,or commit waste on thc Propert�r. Borrower
<br /> shall be in default�f an�forfeiture action or proceeding,whather civil or criminal, is begun that in Lender: gaxl falth
<br /> judgment couW result tn forfeiture of the Praperty or otherwise matertaJh� impair the lien created by this Security
<br /> In;trument or Lender's security interest. $orrower may cure such a default a�d reinstate,as provided in paragreph 1g, ._
<br /> by cawing the action or procecding ro be di�misscd w�th a ruling that, in Lender's good faith determinstbn, precludes
<br /> farftituro of tho Barror.:.r's interest m the Prr,gtrty or othcr mr�ts*!�1 unpairment of tho lien creatcd by this Secunty
<br /> Instrument or I.onder's security intGre�1. Bonower ahall also be in d�fault if Borrower,during the loan application procas.
<br /> o v�n�tarially falce or ia�ccutata infazmation ar siatementa to Lcn@er(or failed to provide Lender wnth aay materlal
<br /> infortnation)in oonntc¢iu3 with tha k►an tvideaceQ au the Note,including,aui n+�e 1Liiited ia,repi�s�nta;;,�w concarning
<br /> gorrower's occupanc.y cn�¢'�c Property as a principal residenoe. If this Securit�L�nstrumont ir on a leaselxsld� Bonower
<br /> shell oomply with all the provisions of the lease. If F3orrower acquires fee titlo to the Properiy,tho leasehoW and the fee
<br /> titk ahell not morge unlea�I.ender agreas to the merger in writing.
<br /> T, ProtecUen�t Lenda'e Ai;hta [n the Propert�. If Borrower Patls to�rform ihe covenanta and agreementa
<br /> oontained 'ui thla Security Instrument, or thore is a kgal procceding that may significantly a�'ect I.ender'n righu in the
<br /> Property(�uch ee a praxeding in bankruptcy,probate,for oondemnatbn ur forfeituro Qr to enfarx laws or ragulatioro).
<br /> then Lender muy do and pay for wbttever 1�necuaery to protect the valuo of the Praperty and Lecxkr'�righta in the
<br /> Proper/y. I.ender'�actincu may include payins any�um�secured by a lien whkh hes priority over this Security Irutrument,
<br /> �ppearin�in oourt�pxylng ceawn�bb �ttor�y�' foes and enterin�on the Property to mnko repain. Although l,onder
<br /> nwy taka actbn under thtit paragra h 7,Y.ec�der dnes not have tn do�.
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<br /> Any srtaunu d4buracd bY nder under thL�para�raph 7�hall bccome edditbml debt of Borrawcr sacured by
<br /> thf�3ocudty Introment. Un{aa borrower and Lendar■�groo to othcr terna of payment,�tse�o emounu�1�A bear lnterat
<br /> fram the d�ta of dhbunec►xnt at tho Note rato and eheU ba pay�bk,�vith tntereat,upc.n notkx from Lender ta Borroaer
<br /> roquaticyp�ym�nt.
<br /> !1. Mory�e Ituunn�e. Jf L.onder roquired mongege insurana as a onndition of making tho loan socured by
<br /> thb 5ecurity Ymtrument,Borrower ehall pay the premlum+roquired to meintain the mortga$e insuranco in eFfect. �f,for
<br /> any rr.�u�n, the monga�e Inumna covera�e requirod by Lender I�pea or oeasec to be �n effoct, Honoker�hall psY
<br /> tho premiuma roquired to obtain oaverage subtant�slly equivaknt to ttie mortgage insuranoe prcviously in e�tect,at a co�t
<br /> wbetantWbr oquivalent to tha oost to Bonow�er of the mortgago ir�sumnoe previou�ly in effect,from an altemate nartgege
<br /> inaurer npproved by Lender. If�ubetantially equivalent mortgage unurat�ce oovarsBo is not availabk,Fsormw�r�hW paY
<br /> to I.ander each month a�um oqnal to one•twelfth of the yearly mortgago ins►uanoe premium being paid by Borrawer
<br /> whea tho inauranoe coverego inpaed or ceASed ta be in effxt. L.ender will aoapt,uso and retain theaepayments et a
<br /> �;�..�r.�� +��Qf�n�Q n���n�no_r., [.asR r�serve Qayments may no bnjter be required,at the optfun of Lendor,
<br /> if mortgage itnuranoe oovomge(in th�amount and for t)x period thnt I.ender requira)pravidod by en in�urer�pproven
<br /> by I,ender agsin b000mcs availabk and is obtained. Borrower shall pay ehc �pnmfurm required to meintain mortgage
<br /> insuranoe in effect,or to provido a baa reserve,untU the requirement for moxtgage irnuranoe ends in aaoordanoo rnth
<br /> ..,....,._�.... �...........+�nrw.r�h Annnwer and I.erxkr or aoolicabk la�r. •
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<br /> !, In�Npec7ttbq. Lender or iu ageat may make reasonabk entries upoa and inspcccioas of roporty. i..enoar
<br /> shal:give Borro9ver nnticc at the time of or prior ta an impoction spaxfyin�q reasonebb cauae for the iropoctlon.
<br /> 10. Conaemns�tioa. 'I7�e proveeds of any award or claim for damages,dltect or oonsoqueatial,ia oonnoction�Ith
<br /> eny oondemnatian or other tmkiag of atry p�n of the Property,or for wm�cyanco in iku of oonderanatioa. am I�enby
<br /> eaalgned and ehaU he paid to Lender.
<br /> In the event pf a total talong of the Property,tlx proce�ds shaU be applled to tha sums socurod by thb Security
<br /> Imuument,whethtr or aot then due�w[tli any o�coea�paid to Borrower. IA the cvent of a partisl taking of the Proport9
<br /> in which the[air maxket value of the Prope�ty immodiatcly befi�re tbe taking�+oqual to or greater than the amount of
<br /> tbe�uan�ocured�by this&ecurity Instrument immedlatety b�fore the takiag,unlesa Borrower eud Lender oWenvi�e a�tee
<br /> in writing,the au�m eccutod by thi�5CCUrity Instrument ahall be rerluoed by tite amount of the�r000a4 multlpllai by the
<br /> fo1k►�v�ng fracx�an:(a)the tota]unount of:he susns secured immediately befora the taking,diwdedby(b)the fair market
<br /> valuc o�tho Properly immodiately before tho taking. Any balona ahaU be paid to Hnaower. In the eveat of a partial
<br /> ta{dng of tho Praperty in which tbe fair merkat valuo of the Proporty immedi�ttely before the tabng �Icas than tho
<br /> amouat of tha eums aecural inunaUately before tloe taking, unkas Borrawer and Lender othernvBe egra in writing or
<br /> unkss appllcabk law othervvi�e provicke� the proceeds aball be applied to thu�uma�ocurod by thi�Socunty lmtrument
<br /> whethor or not the suws are tl�en due.
<br /> If the Properiy is abandonal by Boaowu� or If,after notice by Lenber to Borrower thet tho oondemnc�r offers
<br /> to m�iro an award or settk a cl�im for damaga,Borrawer faih to rospond to Lender within 30 days�er the dsto the
<br /> notia f�gfven,Londer is authorized to oollect end apply tha procxuh,at Its option,either to reatoratjon or repair of
<br /> the Prnperty or to the sun�t accured by ttw Sec�rity Imtrument,whether or not then due.
<br /> Ualeas I.e+nder and Borrower athe�vv�e agree m writiug,anY aPpUcatlon of proaeda to princ:ipal ehall pot extend
<br /> or patpone the due date of thc monthty payments refencd to in paragraplu 1 and 2 or change tbe anount of�uch
<br /> paymenu.
<br /> 11. Bormhrer Na1 Rek.�sa1; Forbannce By Leuder Not �Wdver. Extemion of the time for payment or
<br /> modif'xatbn of aawrr.ization of the suma eecurod b� this Security Imtrumsnt grantod by Lenckr to any suooeasar ia
<br /> intereat of Borrowcr shall not operate to rekase the l�ability of the origiael Honower or BorrmMec's aucveuon in interest.
<br /> Lender shaU not be rcqu(red to commena proceedin8�agaimt aay euceessor in intereat or refwe to eatead time for
<br /> payment or otheewise modify amorti�ation of the eums secured by thia Stcurity Imuument by reason of any denund medo
<br /> byr che adginal Borrower or Horrawcr's sucarasors in intorest. forbearance by Lender in oxerciiing any right or
<br /> remedy ahnU not be a wa{ver of or preclude the exerciso of amr r'�t or remedy.
<br /> 12. Suooeewre�ad Aes� Bound;J�t wd Sevenl I�aWUty�Co-s�r�. The oovenents and egroements
<br /> of tim Sr,cwity Instroment shaU Ind and ben�fit tht� auooessora and assigm o�Lender a�x! Borro�ver,subject to the
<br /> provisions of paragraph 17. Borrower's oovenanta and agrecmenta at�all be joint and sev�ral. Any Sorcowcr who oo-
<br /> sig�thi�Secudty Inetroment but does not ac,ecute the Note:(a)ia co-sixniaA thi� Security Inrtrument only to mortgege,
<br /> grant and oonvey that Borraover's interat in the Froperty under the tercna of tbu Security Instrument;(b)b nat peraonally
<br /> obunsced to oav the sum�secured bv thia Socuriey Icutrument;and(c)agrees that Lender and any other BorraNVer may
<br /> egcee to aRend,modify,forbcur ot titako any aeoommodstiom with regatti ro the ttrms o�tais�eeunry i�acrumcni or ii�
<br /> - note atthout that Borrower's oonsent.
<br /> 13. Lo�n Chu�ee. If the loan sccurcd by this Securiry Imtrument is subject to a law whlch�ete maximum ban
<br /> - chargea, end that law u Cu�ally interpreted Ro that thc interest or other loan ct�arges oolkctod or to be wlkcted in
<br /> oonncction with thc loan ettoxd the permtttcd Gmits, thcn: (a) any such loan chargo shaU be roduoed by the amount
<br /> neaessary to rrduce the charga to the permitted Wntr,and(b)atry sunn already oolkctal from Bonuwer wh�ch e�coa�od
<br /> permttted limics will be refunded to Borrower. L,ot�r may chooae to malce this refund by reducing the principal owed
<br /> under the Note or by making a direct payment to Bonower. If a refund reduas pr[ncipal,the reductton will be treato6
<br />= a�a partial prepayment without any prepayment charge under the Not�.
<br /> Form�02� 1/N (P�p+3 of Q P�yss)
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