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<br /> w~ '''"'�`' of thts Securlry Iastrument and shall continue to occupy the Property as 8orrower's principai resideace for at least �nc year uRer �;-.
<br /> " the date of occupaacy.unless Lender otherwise agrees ln wrlting,whi�:h consent shall aot be unreasonabiy wtthheld, or unless oa_
<br /> ,,.,� extenuating c[rcumstances exist which are beyond Barrower's wntrol. Borrower shall not destroy.damage or impair the
<br /> Property, allow the Property to deteriora[@. or commit waste on the Property. Borrower shatl be in default if anX forfeitum
<br /> � action or proceedings, v�hether civil or criminal.is beguu that in Lxnder's�ood faith judgment could result in forfen�re of the
<br /> �, Property or otberwise matBriatly impair[he lien cteated by thls Security Instrumeat or Lender's security interest. Borrower may __.
<br /> ' cure such a default and relnstate as provided ia patagraph 18.by ceustng the action or proceeding to be dismissed�vtth a ruling
<br /> � that, in Lender's good faith detemvnation, precludes forfeiture of the Borrower's ititerest ia the Property or othcr mater�al
<br /> . > imgairment of the licn created by thia Securiry Instrument or Leader's security intezest. Borrowet shall also be fa default if
<br />:<<: ''• Bonower,during the loan applicatton process,�ave materfiaUy false or inaccurate infomTation or statements to Lender (or failed
<br />_��;,�;° ��� to provtde Lender witb aay materlal informatIon) in connecdon with the loan evideaoed by the Note. including,but not limited
<br /> �` ` �: to.cepresentatlona concerning Borrower's occupaacy of the Property as a principa!residence. If this Sec�uity Wsmiment is on —.
<br /> '' ° a leasehold, Borrower shall comply with all the provisIons of the lease. If Borrower acquires fee tide to the Properry, the
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<br /> leasehold and the fee title shall not merge unless Lender agr�a to the merger in mriting.
<br /> 7. Protecttoa oPLendea�'aR!$hts in We Progerty_ Jf Horrower fails to perform the oovenants and a�reeraents contained
<br /> � tn thia Security Instrument, or th6re is a legal prooeeding that may slgnificantly affect Lender's rlghts in the Property (such as
<br /> ;,' a proceeding in banittuptcy,probate, for condemnation or forfelture or to enforce laws or regulations). then L,endet usay do and
<br /> � •+ pay for whatever is aecessary to protect the value of the Propetty and Leuder's r�ghts in the 11rogerty. Lemdcr's actions may
<br /> iaclude paying any swns secumd by a lien w�icii has prlority over this S2curiry Inst�rrument. appearix;,cn court,paYin6 reasonable
<br />� � � attorneys'fces and entermg on the Property to make repaire. Althoug6 Lender may take action under this paragraph 7,Leader
<br /> -. ., does not have to do so.
<br /> Any amounts disbursed by Leader under this paragraph 7 shali become a3dirianal debt of Borrower securcd by this =
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<br /> � Secur-ity Instnunent. Unless Borrower and Lender agree to other terms of payinent,these amouats shall bear in[erest from
<br /> ' " the date of disbursement at the Note rate and shall be payable,alth iaterest, upon notice from Lender to Borrower requesting
<br /> , .'.�" �ayu�eat.
<br /> �� 8. Martgage Insur�ce. If Lender required azortgago insvrance as a candition of makin� che loan secur�d by this
<br />� _ � S�curiry[astrument, Bonower shall pay the premiums reguimd to maiataiu the mortgage iasurance in effecc. if,fOf 8ily P28SOR,
<br /> . .� tTie mortgage insurance cove#age r. , by I.ender lap��s ar ceases to be in effect,�orrower ahaU pay the premiums required
<br />=r:'���":'�'�� � to obtain caverage substantially valeat to tl�e moztga$e ins�uance previously iu effect,at a cost substantIally equivalent W
<br />-- �"� ``� ' � ,tb�e cost to Borrower of the mortgage Inaurance•previau�ly in effect,from an alteraate mortgage insurcr appmved by l.ender.
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<br />�•.r��.'�*Y � ' If subsiantially equivalent mortgage iusutance coy�age.i�not aveilable,Borrower shaU pay to t.eader esch month a sum equal
<br /> �;�-;�-,��.�' � to one-twelfth of the yearly mortgage insurance �rem�um.beiag paid by Borrower when the insurance coverage lapsed or ceased
<br />�-�.;; � to be in effect. Lender will accept,use and retain these paymente as a loss reserve in lieu of mortgage insurance: Loss reFerve
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<br />_;:;_;;�,.,r paynaents may ao longer be u9red, at ihe oFiioa of I,eader, �fmorigage insurance coverage(W the amount and for the period
<br />-�,�1�.-�-�• that Lender requires) provid�by aa insurer approved by I.ender agaiu becomes available and is obtained. Borrower shall pay
<br />�F�,`F. � the premiums required to maintain mortg e insurance in effect,or to pmvide a loss reserve.untll the requiremeat for mortgage
<br />�=:�:,:�2: iasurance ends in accordanae with any�tten agreement between Borrower and Lender or applicable law.
<br /> �-"•�=a� 9. Inspect�on. I.ender or its agent may make reasonable entries upon and inspecuons of the Property. I.ender shail
<br />���'�`T��7� give Borcower natice at the wne of or prior to an iaspection specifying reasonable cause for the inspoctfon.
<br />-a��,�'. �� 10. CondemnaUoa. The proceeds of an award or claim for damsges, direct or consequential, in connection wlth any
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<br />-�:�,A„�,� condemnation or other taicing of any part of the perty,or for conveyaace in lieu of rondemnation, are hereby agsigned and
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<br />-_; T:,�>> shalt�be psid to Lender.
<br /> - ` �A' • � In the event of a total taking of the Property. the pmceeda sha11 be applled to the sums.secured by this Security
<br /> ' �����-�;:: instnunent. whether or not thea due�with any excess paid to Bomower. In the event of a partial taking of the Propaty ia wbich
<br /> =:-r°:�t,�;�-��- the fair market value of the Pmperty immediately before the taking is equal to or greater than the amouat of the sums secwed -
<br /> �".:-� �6 by this Secudty instrumeat imur►ediately before the taldng,unless Borrower and Lender otherwise agree in writing,the sums
<br />-st�`�;'��``'"", secured by this Securtty Inauwneat shall be reduced by the amount of the proceeds raultiplied by the followin�fraction: (a)
<br />�' �y '� the totat amount of the sums secured immediately before tha taking,divided by(b) the fair market value of the Property
<br /> ��Sa:r'; �;;,= fmmmediately before the taki.ng. Aay balaace shaU be paid to Bortower. In the event of a partial taking of the Property in w6fah
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<br /> -�-.�,�t,.k�„ .- .the fair mazket value of the Property immediately before the taking is less than the amount of the sums secured immodiately
<br />�';r,;���":"�"�' before the takiag,unless Burrower and Lender othenv5s� agree in writing or uniess applicahle law ocherwise provides.the
<br />>� .�:.:;;'� '' ' proceeds shaU be applied to the sums secured by this Sesurity insavment whether or aot the sums are then due.
<br />_ �� � ,. If the Property is abaadoned by Bortower, or if,after norice by Lender to Bonower that the condemaor offers to make
<br />"�::`-� - . • , an award or settte a clum for dama�es, Borrower fails to respoad to i.euder wlthin 30 days after the datg the nouce is given,
<br />- L.ender is aut�arized to oollect aad e�ply the pmceeda, at its option. either W restoration or repa�r of the Propecty or to the
<br />_ . sums secumd by tbis Security Instiument� whether or not then due.
<br /> Ualess L.ender and Borrower otherwise agree in writing.any applicadon of procceds to principal shall not extend or
<br />-_ ' postpoae the due date of the monthly paymeats referred to in paragraphs 1 and 2 or change the amount of sucb payments.
<br />-� ' 11. BorrowerNot Released;ForbMrance by Lender Not a Waiver.Eztension of the time for payment or mod[fication
<br /> �:' of araortizatton of the sums secured by thts Securiry Instrument granted by I.ender to any successor ia interest of Borrower shall
<br /> not operatc to release the liabtlity of the original Borrower or Borrower's successors ia interest. Lender shall ctot be required
<br /> �� to wminence proceedinEs aBainst any suocessor in interest or refuse to extend time for payment or othenvlse modif�• _
<br /> -a:�-�'��� amortization of the sums secured by thts Securlry Inatrument by reasoa of any demend made by the origtnal Borrower or __
<br /> ,.�'?�' gurrnwer•s y�ucoessors in interest. Any fo�earance by Leader in exencising any dght or remedy shall not be a waiver of or =
<br /> _--T"-_. -_= preclude the exercise of any tigbt or remedy. ' -
<br /> ' 12. Successors and Assigi�s Boand;Jotnt and Several Liubiltty;Co-signeng. The covenaats and agreements of this _
<br /> Security Insuument shall bind and beneftt the successors and assjgas of Leader and Banower, subject to the provisions of �
<br /> paragraph 17. Bornower's covenaats and agreecrtents shall be joint and several. Aay Borrower who co-signs this Security _
<br /> Instnxment but does not execute the Note: (a) is casi�ning this Secwlty Inshument only to mortgage, grant and convey that _
<br /> � Borrower's interest in the Property uader the terms of thia Secudty lnsttument; (b) is not pecsonally obligated to pay the sums =
<br /> secured yy this Security Instrument; and(c)agrcxs that Leader a�d any ather Borrower may agree to extend, modify,forbezr ��
<br /> ' ' or make any accommmodations wtth mgard to the termg of this Security Instrument or the Note without that Borrower's consent. �
<br /> �' • 13.A.oan Charges. If the loaa secured by thts Security Iastmment is subject to a law which sets maximum loan charges.
<br /> ' and that law Is finally interpreted so that the intec�st or other loan char�es coll or to be oollected ia conneaion with the
<br /> • initialu�
<br /> ' naiRA6t+�i•Slaglc Faaslly �Fr.aate MeelPredn�o ntcc t rNtFOR1N INSI'ltt1MENT � Foros 3028 9�9p .
<br /> ---— __ � Fugo 3 of S SINEC3 01/46 �.
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