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<br /> '�' � or hereafter cre�e�on the �
<br /> k the �".
<br /> '°.fi''� . .S. �or P�rop�'ty In� Boaower s6ali eep imPravezneat� now e�cist'snS �-_
<br /> nea �inctu
<br /> ' " t lass b Rra.hazalds inct�ded within the term�@At441laCA�YCTd�."and anY other Aaza�ds d� ��.��
<br /> .. � praperty insured agains Y ��:_:
<br /> ` : . ftoods or tlaod9ng.for whPch Lender requires insarnnoe.'i�is insurance shsili be maintained in the amouuts and for the pedods . �v Y
<br /> yl
<br /> ' ` '�.,, rovidin the insuinnce shajl be d►osen by Borrower su6,jecs to Lettder's approval
<br /> '• � t h a t L e n d e r.r e q u I m s.T h e i n s u r a n o e r a r*+e r P g �'`'
<br />`.``, �.� '�� . � �v4uch shal!nut 6e a�ueasonabiY withh�ld.If Horrowe�faiis ta�saintain caveiage d a s c r t b e d a b o v e. L e n d e r m a y.a t L e n d e r's �—
<br /> ��`<``� option.obtain ooverage ta praiect t,ender's rights in the Prupecty tn ac�a:dance�vith paragrapA 7. �_
<br /> ' , "':' q{I insa�anse po lici�a n d r e n e w a ls sD�al1 be aoceptabte to Lepder and s�all�nclude a standand mortgage ctause. Lea�der
<br /> d ve to L e n der a l i reoe i p t s o f �__;
<br /> , �.: ;;.f� shall have the right to hoid�he po U s ies a n d renewals.If Lender cequires,Borro�ver shal uce�e iasursnce carrier aad I.e n der.
<br /> shal
<br /> " . -` paid premiams and reaewal�rotices.En the event of toss,8orrower shalf pve pmmpt �-
<br /> ��"�� . `. I�.mder may make proof of tass if aat made pmmPt�Y bY Bormwet. of ths �` :
<br /> ° i.:� , m writin ,insnrance praceeds sbail be appiied to rPStoration or repair �
<br /> . �...:.;,:�,�,6: Untess LEader and Barrower othecwise agcee S �-
<br /> .a.���.. : '. PraPerlY da��•if the restoratioa or cepair is eoonomically feasibte and Lender's securitY is not tesseaed.if�resw�a�
<br /> r�pair is aot economicaily feasible ar Lender's seeuriry woWd be lessened.the iasurance P�����.
<br /> 'r,. �' ,-`" se�t�d by this Seciuity iasaame�.wl�ether ur nat then due.aitii at►y excess paid to Bflrrower. If Borrow�abandvas the
<br /> ,` _;...:�:...r.-
<br /> �•�.�.��;r' proPertY,or dacs aat answ�witbin 30 days a notice from Lender that the Insurai►ce ea�i�i t�as offeca!to se o=�p��
<br /> . f er aooltect the.instuance Pto�ed"'. Ixttder may tise the pmceeds to re�iT or restore the��Y
<br />.::.� ..,. •, ,:�,�; � I.� �Y ��or uot then due.TAe 30-day Period wiil begin when the motice is given. _
<br /> � � ' sewred[ry this Security Tnst�ument, m wriaing. anN aPPlicat'son af pmoeeds to principal sI�all uot e�ctend or
<br /> �.,1.. r.. ,.�:a Li�CSS l�ei 8Ad BOTfOWCi OtI1�iWISC Sg[Ce�
<br /> V'� ��;:;``,• ' one t8e due date of the monlislY PaYme°ts referred to in paragraphs l aad 2 or change the a�nouat of tde paymei►ts• m . —
<br /> ' `'."`•'��';�' '�der parazSraph•21 the Propeny is avqnired by L�.mder.Bflrrower's right to airy insurance policies aad prooee�s resuttia8 .
<br /> fl
<br /> ,.. . .,`=.� dawage W the PropertY Pnor w the acquisition s9all pass w Lender to the extent of the snms secure�by tWs Secunt5'In�mcnt
<br /> _ `':'',u t� ; immad'r�elY Psior to the.acquisidon. $osmwe�s i.Qan APP�ont�02ds.
<br /> ' pres�vaKan.Matnt�a��and Pmtectton of the Pro4eet9+ we
<br /> . ., � : 6.OoeuPa�s�� 'residence wit7ria sixt}+da3+s a�r the exeaution of
<br /> °` :f.=-.—�;-+�,� Borrawer shall oca�PY�estaDlish.attd¢se the PmPertY as Borroar�r's princiPa. ' �
<br /> ' ' ' tbis SecuritS►�nunent aad shall oontinue to nccupy dn�Pi+oPenS+as Bormwer's pxinciPa!res�denoe far ai�ast ane year after
<br />_ . �f'`' '' t�aless Leader otti°re��sz agcees in writing,whicls oonseat shall aot be unreasonably wldihe2d.or ntt�
<br />� , .. r:. ..t_°.�� �e 8ate of�+ e or �r tlie =
<br /> . ��.� extenuating ciircumstucces e.xis� wluch are C�Yoad Borc+arxer's camrol. Borrower shall not d�y, � �
<br /> u� .�,���r� properi�►,allow tfle PropertY�to deteriordte,or commit waste oa the Pmp�y.Borrower sbaU lse in defanIt if,auy forfeiturr�
<br /> - _ ...,��-.:,:,�? ti�at in Lender's goad faith judgment cautd resutt ia forfeiture of the _
<br /> .. , �on or pmoee�ng,whether clvil or criminal,'ss beg� Ir,suamcut or I.endei's security interesK.Earnuwer maS►
<br /> ��'_��.,:,.,�.' , . � FropertY or othecwise materialTY imFair thel�eu created by tdi:s Security the action or meeeding w be dismissed.with a rulin8
<br /> cm+e such a defautt aad reiagsate.as Pmvided in parag�ph 18.by causing . p er ui6er materlaD
<br /> . . . •��.�` faith d�p�+;^xnon,Prectudes farfeiture of the Borrower s interest in tBce PtoPertY .
<br /> ,'.,:.. ' �. �t., in l.ender's good �or lcnder's securiry i�e��- Bnmaa-�r s�l als�1�in defanit if
<br /> • �irment of ther&ea created by this Security lnsuume ta��(ot fa�ad. �
<br /> `�� •,` •- ' �'oirower.dnrinS''•the loan agPlication pmoess,Save materially false or inaaurate iaformation or s��s
<br /> . ����. • on witts the loau evid�nced by the Note.incItading,but nq't linfited
<br /> . to provide Lea�X arith airy material information)in connad residence.If�is Security Tns�rameni is an a.
<br /> '` rese�,.m:,�conceminp Borrower's acr�spancy of the PropertY zs a Princ�P� :��
<br /> ` iy ttf•reP 3f Borrower acquises�e title to the PcapenY .
<br /> . .;;,i .,�•., �s�otd.���shall eoatPlY aitb at�the provisions of the l�; .:. .
<br /> - - •_ . ; :��� :. . . �sEhoid a�t�;:fe,e�title shall not�erge tmTess Lend�r agrees to the��in writing. y. .
<br /> . ���:.; . . �� 7.Frute�n of I.eudds Ytights tn the Property.if Boimwer fa�s to per[orar the cavenants azW agceE�s cont�d a
<br /> . �,. ,� ent,or there is a tegal proceeding that taay sigrificantiX affect Lender's rights in t1ie�v(p�Y( .
<br /> ' • ' ';thia Sec�titY�F�"� �
<br /> ' . l. :.;i y��in�in L�;�auPtey.probate,for condemnatioa or fodeituse csz�a enfasce laws or regulations},thea I�ender may do and .
<br /> . : . �� to tecx the vatue of the Property a.�'.3.ender s rights u►We�ropeRy. Lender's actiot�may
<br /> pay for whatever is aec�sa=Y. Pt'� tnstrunue?1t. aPPeazl.n$ �in�°�+ D�
<br /> � .. include PaYinB any s� secdred bY a'lien which has priority or�s.this Securit3±
<br /> �..: seasonable suo�eys'fees and emering on the Property to make repai�s:Althou�te]Ei,�nder maY take action ua�r:9Ehis pa�agraPh
<br /> � ..•.;t.�. , ,. .�
<br /> �,,::,`: �.,,,; � 7,Lertder does�t Have to do so.
<br /> : ''Y , pny amanms disbursed by Leader ander this FaiagraPb 7 sttalti,�secome addidonal deist'of Bomawes s�aued tsi► this �
<br /> - . .. �., � 5ecvriry Inst¢cmeat.Unless 8orrower z�Lender agree to other tr�iax��f�PaYment, these amoi��11.t�ear inteiest fmm the
<br /> . �.�._`°' date of disbursemeflt at t�e Note rate�and sLall be PeY�te, with.�;�-�:est, upon nadce from �.eader to Bormwer requestiag
<br /> ' � payment.. - � � mort e insurance as a wndidon of making the Ioan sea...*�by this Sec,uritY
<br /> ` =' ' � 8.Mostga�e Insa�lance.Yf Lender required $aS
<br /> ``;��.�` .. to maintaan the martgage insorance in.effect. If,foi any�eason, the�
<br /> _ � Iosuument,�rrower shall pay the premiuens reqaired
<br /> ' �•,`�` martga�e iasurance coverage required by Lender Iapses or oases w t'�in effect,Borcawer s���aY�g P������
<br /> � :;�. obtain auverage subst�Nally equivalent to We mortgage insnranoe�rvionsty in effect.at a ea�:%ubsmniiailY�i �
<br /> :'.�. ;..,:�•i.. , m effect. fmm an alt�mate mortgage insurer approved by Lendes. 1f . .
<br /> .. �� cost to Borrower of the mortgage inauraace prevtously .
<br /> m
<br /> ' . . �- snbstamially eqaivalent mortgage iasurance coverage is not available.Borrower shall pay w l.ender eacL month a sam eq�ai to . .
<br /> . ••:,•', �
<br /> . . .;��yri� � oae-twelfth of the yeariy mortgage insurance premium being paid[n►8orrower when the ins�uance covera��� � �LO.
<br /> �...':. .. ;;;^,�}°•��' be ia effect.l.csder wiU acceAt.use aad retain these payments as a[�s reserve in lieu of rr,►�ra$age � ,' .
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