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<br /> • `• including f�oods or flooding, for which l.ender requires iasurance. This insurauce ehall bc melntelaed in the a��ionnts and �
<br /> ` � for tde�edode that Lender requlres.'I'he imurunce carrier providing the iasurance ehall be ehosen by Homower subject to
<br /> ' Lender s appmval which ehall not be unreuon�bly withheld. If Iiorcower faile to cn�tatnin covcrage descdbed above, —
<br /> � Lender miy. 4t Lender'e optlon, obtain coverage to protect Lender's rights In the PropertY in eccordonGe with pazeBr�Ph
<br /> 7.
<br /> All insurance palicies and renewals ahall be acceptable to L.ender and shall Include n stnadard mortgage clause. __
<br /> Leader shtU have the r�sht to hold the policles and reacw�la. If Lender requfrea.Borrowcr s6a11 pro�nptly give ta I.snder e
<br /> � • ��"�, all rxeipte of ptud preinluu�and reaew�l Aodces.In the eveat of loss.Banower ahaU give prompt notice to the Iusurance
<br />' ��� carrler ar�d IxaQer.A�der may mal;e proof of lass if not made prompUy by Bonower.
<br /> Ualess LeaQer aad Bonower othecwiss agree is►wrlring�insurance proce�s ehall be applied ta res?oration orrepelr
<br /> of the Froperry dau�agod,if tlhe reswratiom cr s�a�r is eoonomically feaslble end Leader's seturity is not lessened.If tha
<br /> '�;' restoratian ot repaft is not ecaaatIIically fean��e cs unc�:r's securlry would be 1�,the insu�a prooeeds ahall be
<br /> ` `, � applicd to the aums secured by tErFS Security[r�stsu�cnt,�'hether or not then due,with ruay eaass paid co Borrower. If
<br /> � ;} Borrower abandone We Proprrsy, or das nut aaswer c+;.ct�ln 30 days a notiee from Lender ihat the iasuranee eatrler has _
<br /> � ' ; . offerod w settic a cleim.then Lender may cc':�t 'u,e i�s�-"ance proceade.1.�nder may usc tbe proaeds wregxir or restore
<br /> � � the Property or to pay sums secured bY this�sunty I�smu�xnt. wheWer or not Wen due. The 30-day pedod wUl begln
<br />" . when the notice is given. 1[cation of roceeda to rinci al shall not eatend or
<br /> - � Unless Ixnder aad Borrower otherwlse agre�in wdtin8,anY aPp P P P
<br />_ , �:� •�� postpon�the due date of the monthly payments nferred to in paragraphs 1 and 2 or change ttte amouat of the paymenta.If
<br />"'� � ' �`� under para g r a ph 21 the Pro rty iaacquired b Leader, Borrower s rlght to aay insurgnx policies and pmceeds resultinB
<br />-�-�•� �. _ .; from d a m a Se to the Propertyp dor t t he arquisidon ahaU pasa to Lender W the extent o f t he sums s e c u r e d b y t l i i s S e c u r i ty
<br /> �• . �.�..•._, Iaatiument immediately prior to the acquisidon. _
<br /> a.:��::: ■���.��.6. Occtipency. Presecv�tlon, Malntennaace�nd Protectfan of the Pro�aty;Borrowe+r's L�wn Appllcadon;
<br /> te
<br />-�'�f•'•'•,-'y�� l/CN31�lOIds. Borrower sha11 occupy, establish. �nd uae thc Property as Boirower a principal residence within siuty days
<br /> - ���'� � � aRer the�xecutioa of this ga.wrnay lnstcument aad shall wn+tdnue to occupy the Nropertyaa Boaower's principal c�esidence
<br />;;;rt�:�:,'',' ':r for at lea�t one year aftkr thc date of occupaucy,unless In:nder otherarise agrees ia wridng,which cansent sh�3l not be
<br />-''.i":::;:: unreasonably wtthheld.or untess exteauaticg ci�tances exist which are beyond Borrower's coatrol.Borrower shaU aot
<br />:�:'`�, ,",';,� desuoY. damage or impatr t;ie Propert�r, a�lew the Propecty to deterioratG, or commit waste on th�Prope:t�. Sorrower
<br /> =�°"f��rks;+�" shall be ln default if en�r forfeiture acho�or�roceeding,whether c�vU or crlmin�l, is begun that in l.ender e gaod faith
<br />��-�;r�•�';� jud�ment could result m forfafaue of tt►o Ptoperty or othecwise materinUy impair the l�a► created by this Securiry
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<br />." ;:,,• Instrument or Lender's sxurity 3aterest. Sortower may cuTe such a default ansl ninstau,as providtcl in paragraph 18,by
<br /> ",."`�;'"'�"" causing the �cNats or pmcee�ing to be dismissed with a ;ruling that. in L.eader's good f�ith detem�nation, Precludes
<br /> ��L�'�`�4 . , forfeitun of the Sonowar's Intorest ia the�ropertY or ca2her material impairment of the lien cres►ted b thia SeCUrity
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<br /> ==�--a.�.�'•'• Tu�um�t et i.euder'�se�urity in�rest.H01�0 WU Sh3I�3�0�C�1 dC�Al7It If�OIlOWEI, during the laxn appl cstion pracess,
<br /> ---—�=�� grtv�e matai�Ily i�isc�i l�a�cu,-ai�izsforzs�;cu ar °..i°�ts io L�1?r(or fafled to rovide I.mdrr with aay �deri�l
<br /> sf {� rept+eaeat�tiofla contxmin�
<br />- =°�=���� infoimation)in wnnection with the loan evldencal by the Nou.including,but not 1 tod w,
<br />---"::..Y gerrnn,a's oocupancy of the Property�e a priactpal reaidence.If thia Securlty Inatmment ia oa a le�achold�Bomower sh�u
<br />�-�=�''� n
<br /> --- __-- com�ly with dl the pmviaiot�of the lwse.If Borrower acq u i r e s fee d fle to t he P r o p e�t y. the le�sehold�nd the fa tItle
<br /> � shill not merge ualtss Lender agrees to the merger in wrlting.
<br /> 7.Prat�etl4n ot Lender's Ri�bts in the Property. If Borro w t r f i�i l e t o perf o r a� t h e c avea�ate and
<br /> --- �A��thi�Security Inst�umeat. or Uxre�S a 1e8�P��B ���Y ei�nificaatly Rif'ect Lender's d q in the
<br /> property such�a p�oceadiag in bankiuptcy. probue. for caadanoatlon or orfeituc+e a to eafc►rce law�or n�uluion�).
<br /> t6en �m�y do and pay for whate,war[s nocaeuy to pmtect the vaua of the Property and L�enda''�rl�hu ln t�e
<br /> _ property. E.endGr'� actioa� may includc p�,ying aay sumr �ecured by � liea which t� prlodty ova t�W Secud
<br /> �tn�m�t. �n8 ia caut.p�ytag�bk+�tw�Y�' fea�nd ea�ring on the PtopMy W milce rep�i». Atthou{�
<br /> La�6er may �ctian uada Wia 7.Lrnder doa not have to do eo.
<br /> Any�n�otma di�bur�ed by�e�uaaer thi�pan�ph 7 eh�i be�me addltion�l debt of Bnrrower�a�red by t�1�
<br /> Sep�rity Insauma►t.Uda�Bormwer wd Leader agree to other ura�s af payment,thae amounn sh�ll bat int�ce�t tm�n
<br /> the date of dlsbur�emart at the Note rate�nd ehul be payable, with inttr�t. upon aotice from IRader w Borc�a+va
<br /> ��S Mpae p s Inau�ance. If L�ender roquired mortgage iaaarwx�a oondltlon of mtictng the lwn axured by this
<br /> Security ln�axat.Borroaa ahill p�y We premiums coquired to m�int�ia tl�e mortg�o insur�oee ia effect. If.for�ny
<br /> reaon, the mortsage ineur�aa vovatge roquiad by Leader l�aea or ceases W be ia effect�Borm�►er ehatl �ay the
<br /> premiumr rcquired to obtaIn coverage�ub�taand�Ily equivdeat to tLe mortg e iasur�ox p[e'viously ln ef[xt� at a cat
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<br /> eubetantLlly equlvdent to the ooa to Bo:sower of the mortgage inauraaoe p auly ia effax. from m altanatc mortg�e
<br /> imurer�mved by L,ea�kr.If subat�tiallY�valart mortg�ge lnaucanoe ooven�e i�aot�vaWble.Bocmaa�hcll pay
<br /> W Lesder a�ch maath a sum equal w one-twN o1E they�r�y mortgage insuraooe premiusn beind P�id by Homawa wbea
<br /> the lnaurimoe anrerage l�paod or aused to be in effoct.�,eader wW aco�pt�u:e ud nepin thae p�Ymeats a�a lota neerve
<br /> tn Iku of mortgage insurn�oe. Loss rese�ve prymarts may no longer be requlml� at the optioa of L,eader. if a�e
<br /> iawranoe oovex�gR(m the u�wunt and foc the peziod Wat I.ender�qui[es)Pmvided by an insuc+er�ppmvod by
<br /> �b000iaes av�ilable and ia obtained.Borrower sh�11 pay the praniums required to m�inWa mort�age in�utimce ia
<br /> e ax, or to pmvide a loss re�ve. until the requimneat for mortg�ge insurauoe eade in acxord�aoe �►1th any wrlttrn
<br /> �gco�at between Bormwa and Leader or applicable law. r•orm 9o2d f fp.as��sJ
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