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<br /> ,. � �� r�cgulroa. Tho insuruaeo curricr providL�g the iavur►nce shall t►e cho�cn hy Bottower subJea to Lender�•oppmvol which ahnll not be
<br /> . ' . '• }�� w�neasonably wlthhold.it Bunorrar tnil»to mnintnia cavoruge dosor(bed nbavo,I.onder m.�y,at Lender's option.obwia aovorege to
<br /> , . • protect Lcndcr'e dght�in tho Properiy ia nccardunw wlth parngmph 7. ,
<br /> , � AII(17SUf!►QCO p0I{CICA LLtW[OACWA�l1 BIIRQ b0 RCCCPUIDIO IO LCJIdBt aIId S�L7JI I11CIlt�O II 816UdOM IAOl�$8�8 CIII11S0.Leador eMll �
<br /> � • huvo tho rlght to hold tho poAcics nnd roaawein.If Lender requlres,Bonowor almll promioily give to Lendor all receipte of pald
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<br /> • � t',� premiums aad ronewal aodcas.ia tho evant ot losa,Borrowor ehoU glvo prampt. aottce to t6o insuraoce catrier nnd Lvndar. L.ender -
<br /> ' muy mnko proof of losa 1f aot atnde prompdy by Bono�vcr.
<br /> ' ,I 4 � Uuless Lendor und Bunowsr aUerwise ogtto in wrttlog.imurnnce ptoceeds ehali be npplir.d to reawrntioa ot tepsir of the �•.
<br /> ' . ___�� pt�operiy dnmaged, if the restorntion or repair is economicuUy feasibla nnd Leadar's se�uriry is aot lesseped.It the resto:afloa or mpalr _
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<br /> ia not econauicaUy feaeible or Leader's accurlry would b6lessened.ihe lnsurnnca praceeda ehall be applled to the sums secured by thi.9 _
<br /> Secwlty Jasuwnont, whutDer or aat then.due,wIth nay excesa paEd to Borrower.U 6oaower ub�adonv tL�e Property.or does not
<br /> •w��� aagwer wIt61n 30 duys a aptiao f�om Lendor t6at chc lasumncc carricr has offered ca �ettte n cL�im,thea Lender may collcct tho
<br /> , . '`' � lasuraace p[oceed9.Lendnr may aae tba proaeeda to repair or rastoro the Property or to pay sums secuced by tLLs Secwlly Iagttumem. �':
<br /> . '' �lhether or not tAen dus.'Cha 3U�duy pariocl wUlbegin when the naice iA gtvan.
<br /> ' •�. • .�•`.�' Unless l.lai►der and Bor�war atb�rwlna r�gree in wrltin8.�Y aPPlirntioa of proeeeds to prinatpat shnU not extend or postpona
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<br /> : �;'!_ ihe due dato of tba mutuhly paymenta r4fqr.4Qd.14 ta P�8raP� 1 and 2 or change the amount of the payments.If under P�B�Ph
<br /> ' ,i 21 tho Propaity ia aaquired by Lendar.Borcowar's righc to nny lnsuraa�pollciea aad pracads resulttng from drimage to the Ptopxrty
<br /> •�;�. `��. ptior w the acqylpitton sLall pasa to Lender to the Buent of the sums secured by this Securiry Insttumeat Immediutsly prlor W the
<br /> � � � ` nqaqtstt�on,
<br /> :.; , 6. OcGt�3ncy,Pr+eservatton,Meintenance and Proceaton of tQe PmPertY;Borrowu's Loan Application�
<br /> _ . ` + A.lASl�DId9.S4trOwer shull occupy.establish,and use the Froperty as Bosrow6r's pslxipai residenca witL3n skty daye ufter t�e
<br /> ' oxecu@on of thia SacurIty Iastrument and eha11 continue to occupy the Property as Sortower's ptincipal iestdenae fos at leest o�year
<br />:``�;;�t�<.•:. : � AQar the dute of occupanay.unlesa l.ender othenvise agrees in wriWg.which conceat rh3ll aot be unreasonably wltbhald.or unleas
<br /> '•'>4': anGtnuating circumstanacs a�cltrt.wbich am beyond Borrower's controL Bocrower shall nae datroy.damage or impatr the Property.altaw _
<br /> ;���,•:; ; , taus Pmpeny w detertorata. at commit waste on the Prope�ty.Borrower ehall be ia dofau�tt if any forteiaue actioa or pzooeediaB.
<br />, .,�` s' r,;� whether civllor ctimiaal,ls begvn ihat in LendePs good faiW judgment con]d resatt infwfaitvse of the Pmpoity o:athe�wtae
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<br />- . :;k ' . � ; matetially impatt the Ilen created by tLie 5ecurity Instrument or LendePs secnrity intemst.8arrower may cum each a default aad
<br /> ° ., � rainsrate. es pmvlded ia P�S�Ph 18.by c�usivg the actlon or proceed3q+g W be di�mt+s�d wWt a mllng tLut.in Lender'e goad faith
<br /> � " dettim{naHon, ptecludes forfaltute of We�orm►ver's iutetest In the Property or other maudai im�sitmenc of tho lien c�t�d by thie
<br /> � 5ecudty Instniment or Lender's security intenst-Bonower shall also t�a ia defuuit if Bonawar.during tha loan appllcation pzocess.
<br /> '.A guve matetleliy false or inaccamte iafo:maflon or etatements w Lender(or failed to provida Lender auh a�r materl�i intosmaflo� in —
<br /> . . .:..f conactlon wlt�,th�toau ev3draced by the Note,including.but aac lim3ud w,repmsaaations co�emiug Boaower'e oc��y of the
<br /> _ Property as a pxiucipai msidence.IP tbia Security Instniment is on a Ieasehold,Borrower aAall comply wUh aII We prmrtsions of We
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<br /> �i•,;`�: tease.If Borrawer acqair^.s fee tlUc w thc �'rogerty.tho latsehotd affi the fee title sbatt mot merge anlesa I.end=r a�teea to tdae mcrgaa -
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<br />_,,;`��'�5:N 1?�, 7. Protectlon oS�.e�tdat''s Rtght4 In the Properf,y.If Borroaer fai�q to perPvrm tha covenants and agrcema�s cogained
<br /> _�'e��t�;j� ln thi�Secndcy I�t�ument, or tt�ere ia a legal proceeding that may significaady affect Lender's tlghta ia tha ProPortY(ettch es a
<br />__,^-°"'x u°a j'4 p�8��P�y,probat�� for coailemnation or forPeiwre or to enforce lawsor ngulad0aa),then Lendar may do and pay far
<br /> -- . •�� what�ver is neQeasary to protcet the valus of ehe�Ftoperiy and Lendar's rlg,hts in the Pto;xtty.Leader's uctiona may lpch►de 1�Y�&ea3'
<br />-,-:�'�rk,i.,,,. IeesOnable'aftome s'fees ead
<br />-:_L��u;,,� snms secund by,a lioa whfch lu�a priorIty ovet tlde Seatuity Invtrume�. appeadag ia cmrrt�P8Y�B Y
<br /> :::;�;�.�:�� entering oa the Pmperty to mak�repuiK.Aktioug6 L,eader may take actlon under tbis panBraPh 7.Lancier doee not bavo W do ao.
<br />°".`�?;-"1�`,� pny amounta dlsbursed by LeaQer under th�s pasa8xeph 7 ehall become addidonel debt of Borrowar secnred by thfie Security
<br />_ .�'=--�• Iasttument. Unlesa Borrower and Lender agrCe.to uther tarms of PnYment.these amount�ahari bear intemst from the date of
<br /> ����, �� diaburaeneert �1 tba Note rata und ehallbe payable,wIth iat,erest. upoa notia from Lender to Borrower.reqassdng payme�.
<br /> "'`'='=-- & Martgage lttsarante. It Leffier required mortgaga icsutance us a ca�Itton of mnlcing thw laun seeured b thie S
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<br />-- Imicumeni„ SucroaPer ehali gap shc prcmfs� required to malnss�s tlse mert;age fse�nt�*+re in etYrrt.tP,tor my reason.the mortga�te _
<br /> '°�,�:� iast�tal�o covcrage iequiteif by Lender lapsea or ceases co be ia eBect.Bosmwer shnll P'aY�P����I�w obtata covetago
<br /> - -- — s�n�apq equivalenc co the mort�aga insurance previously ia effect.ac a cost subrtaati�Hy eq�dvatent eo tha cosi co Bouawer of tho
<br />°.`.T`.'� -- — mortgsge iurluaace previously in effect,from aa alternate mortgage insumr appraved by Iander. If su�apmdallY utuivalent mottga8°
<br /> _`_= ia�ucanco coverage is not avallable.Bormwex shaU pay co Lender each manth &sum aival w oae.twelRL o!the yeatiy mortgago
<br />_ ��:��-:� ins�uanca premnuu baiug paid by Bormwer when the lnsurance coverage'lapsed or cascd to be in effect..3.addnr wDl aeapt.tuo end ..•
<br />_,T_ -=:=:Y.;� - - retain thrse paymeats ns n loss reserve in lleu of�oagage insuraoce.I.oss�reserve payme�s may no longes ba requirod,at We option.
<br /> ��,,.� of Le�er.if mortgage insucance coverage(in the amoaat and for the pedud that Lender nqui�es)Provided by an Inaurer appmved
<br /> -=,r�.r�a� by Lender agaia becomes available ond ia obtained.Borcmver shall pay ihe pcem[ums ce+qahrA to maintaEn mortgago iiasur�nce in
<br /> - —_ __ = effea.or to pmvtde u loss reseive.unHt the requirement for mortgage fusunace erab ie�ioco:dance whh any wrluen agreamevt
<br />_���� betweea Borrowes and Lender or appllcable law.
<br /> - 9. Ina(tection. L.ender o:its agent mny mnke reasonable enMes upoa and inspectiona of the Pmperty.Le�er shall8ive
<br /> �.i'�"� Bormvuor aotice nt the tia�a!ar prlor to an in9pection specffyingreASOnnble cause for �e in4pecflon
<br />=" .t:�I fi 10. Coademn�i3.'n. 7ho pioceeds of nny uward or aluim for damages.ditecs ot Gousequsndal. in eonaectt�u whh nny
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