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<br /> ="�� wLicb s�a}I not be uuseasamMp cdtbhe�d.lt'�orrower fa�Ts m maintaia wverage desa�ed abov�I.enda may.at Lender's = •
<br /> • - option,obtaia oovecage to protect Leades's rIglits ia the Property ta aaordauoe with paragraph 7. ''`� �.
<br /> A11�ce polIdes aad renecvats shaU he a�septahte Lo l.ender andBorroaaer shaIIa ataadard mortgagel.����p� ,. . _:`.- P,. •`
<br /> have tIIe rIght co hold We po�Fdes and reuewals. It l.euder requires• P� PtiY 8� -.-•'°. �_,�•. <<;.
<br /> `; -:_• .� • paid premiums and reaeaval ao�. ta the event of toss.Borrower shaU give prompt nottcs m the iasuraaoe carrier aad .
<br /> y � ` Leader.Leader may make proof of toss if not made promptlY by Bosrowes. ,. _ �
<br /> � Ualess iender aad Barrowes otheiwise sgee ia writtng.h►suraaoe Pmceeds shall Be sppIIed w re.gwrat�oa or repair of the .,��`, ,
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<br /> . , . . ' pmperty damaged.if the ces0oratioa or repair is econoinically feas�Ie aa+d Leader's seaa'ity Is not tessmed.If d►e restoration , ' `,y
<br /> ', or tepair is not economically feasl6le ar l.ender'e secu�itq wouW be t�sened.the insuraace proce�ds st�a11 be appSed w the . - , - .
<br /> , s�ms seca�d bp tMs SecurIty Iastsumeut.avhetha or aot thea due.witt►apY eacess PaId to Bosrower.U Bosrower abaadoas . '� .��•�.•.
<br /> . ths Pmpettp,or doea not answa wiWin 30 daya a aotice from Lead�r Wat the ins�uance�ries'has o ff e r e d to a e n le a d a�s. :..
<br /> ' . then Lmder may coIIe�the i:uuraaa pscceeda.I.�det may use the proceed.s w sepa�r or resw�the Propertq or to Lu� .. -�. ".+
<br /> � ' sums se�n�ed by thi,s Se�:uiiry lastivmea�.whether or not thea due.11se 30-0ay perlod w�71 begin whea the notica is givea. _ �
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<br /> Uatess I.end�aad Sosrower othe:wise agt+ee ir�wii�n8+auY ePPlicattoa of pmceeda to psladpat sLaD uot e�uend or postpoae ;;�.; - �
<br /> the d�e date of the monthly Papments referred w in para��1 aad 2 or chaage the amouat of the papments. If nnder � _ -
<br /> ---. -.- -- paQagaPh 2I tha Fcoperty is aoquired by Lenster,�orrac�er'e dght w aay insuraace polides aad grooeeds resul�a$ftom :.,_ ._ ,• �,
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<br /> ; . • damage W the Propert9 Prtar w the acquisidoa shaII pass W Lendet w the eaLent of dte sunos seaaed hy tbis Seau3ty :r :T
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<br /> L��s,so:ro��u o�►y.eatablisL.aad use the Properg►as Bormwds prbsdpal resfdmce aittdm satp da9s aR�* � `-'"�;: -
<br /> - - ` the esecut�on of th£�SecurJty lastn�ment aud aLaD conUaue w oqaapy We Frope►ty►a+Horrowee's prInc3pal residence for at . ....�:..
<br />, leaat one year aRer the date of oocupancy.u n l e ss l x n der o t h e�w t s e a g t e e�i a w r I t l a g,w h i c L c o n s e a t s h a II noi be nareatonab I y ---
<br />:.;�,�;,:%�, ....° • withhe10.or unless eatenusSag dreumstaacea eaFst whic�are beyoad Boaowar's oontrol.Horrower eLaU aot desoroy,damage . :.: . ' , _
<br />-.:%'.`,�', , . ., or irupair the Property.a]Iow the Ptopert9 Lo detEtioraf�os commit waste oa the Ptoperty.Bonowa sba11 he 1a defavlt if aay ,.�
<br /> � g Cnt COUI� lP3Ult�I! C r'•'" • '�•'�
<br /> . � forfeii�ue adton or pro�8. ,.�`• : . ,-
<br /> ` whethar dv�l ar ca�tminal.ia b tbat ia L�a's aod faith � :wv�;
<br /> . - forl�itiue oi tha PeopeRy or at8erwise maLnialty impair We H�aceated by�Seruiiity Inst�tsm�t os Leadda sec+ttity .:`;fs�,; :�.'',.:;
<br /> • iaterest Borrowet may�ute such a ddautt and rdnstate.as provided in paragtaPh 18.bY causFnB the ac�ioa or pra�g to .•„y�} ,
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<br /> • ise dism�ssed wiW a rut�ug tbat.in 1.endes'a good faith derecmination,gteciudes fotfetnu�e of the Borrower's�atesest ia the _
<br />. _.. Froperty os otIIer materinl impairment of t�e lten created bq tLta Secoeiry Ins�vsaeat os Leadeds sec�ity iateces�Borrower .•.,, r:•.. ._- _
<br /> fa�se or inacairate iafotmatIaa oz ;�. _� �
<br /> • sLatl also be in defavtt if Borrower.fiufa8 the loan appli�atioa pzec�e.Save mate�allY w,,; . . '. '
<br /> � � ."_ ` statementa w LenQer(or tailed w grovMe Leuder with aay matalal Infosmattonj ia coaauxIon wiW the toaa evtdeu�xd by the �f�t{�,y.:�::;: :
<br /> .. ' Nota.iadudiag.but not limited to.represeutaHons coaceming Hoaower's occupancy of the Properry as a prindPal�oa. 1` `'. `'
<br /> - _ ` Ff+hs�e!±d�v tnstmment ia oa s teasehotd.Borrowec shall comply wIth eU the provia3ons of the tease.if Borrowe:r aa�res - -�
<br /> — . � fee 13t1e w the Ft�operty.the leasehotd aad the fea tltle sbaD aot mecge unIesa LenCer a�es�tha merger iu orriting. --
<br /> . 7.P[otecti�of Le�dera Hights tD the Prape�ty.If Borrower failss to paform the covenaab sud a�.contaiaed tn �,_;; , ::;`,` °
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<br /> . qa affeet Lender's ta ia the Pso?ertY(su�as a �;,'•: . -`�-�` -
<br /> ` , ttila Senaity Insonrmeat.or there is a leg�l proceediag that maY s�gaifl dY � ��'�' '�i��_
<br /> pmceed;ng ia baalctupuy probat�far condemaatlon or forfeit�ue or w e�f��tawe or regutatioas�then Leader may do and 1t ,;
<br /> � . . pay for wltatever ts aereseary to protect the va2ue of the Psopeety aad I.eadetrs eig�ts la the Property.l.eadefs adioas m�y �`�-
<br />-. .... . iadude paS�B�9 �secured bq a lieu wLicb has prlorEtg over tids Sewsiry
<br /> Ins�epp�8la coun.F�i�3 `' '
<br /> . , reasaaable auoraeya' feea aad enterIng oa tha Property w�rz2ca repai:s.�ough Leada may �1ce adlon uaC�r o�s ---- ^=-
<br />_ , � paragraPh?.LenQer does notbave W do so. � � ..':��1�,
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<br /> � , Aay emauats dlsburaed by Lender nader tlils para�raph 7 shaII be�eome additional debt of Borrower secaas�by ttds Seattity►
<br /> �nswment Ualess Borrowes and Lender agee w other terms c�*.paqmen�these amounta ahall bear iaterest frosa the da�o�
<br /> r`:; . � d3sbursemeat at tho Note rata snd sha11 be papable.witL iate�t.r,�oa aotice from i.ender to Ho:rower requesdn8 pa3►m� : �'1�n;.:
<br /> ' ` 8.Mott�tge Ia�tuaase.If Lenda required mor►gage iasuranoe as a coadi@on of makiug the loan s�by t1�is Seccr..y , :.�_-,
<br /> ,;', Instr+imen�8orrower shaU pay We premiuuLS�w maintaia the mart��o iasuraace in eSect.t�for eay reason.the
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<br /> . ' mor�ge}nsutenee coverage required 8y I.enQer lapses or ceases to tie ia e@'cxL Borrower ehail pay the pre�a�t° • .
<br /> ' obtaia ooveraga substant3alIq�utvatent w the mor�age ins�uaace previousty ia effeet.at a oost substaaUal3y equtvatent to the ... �;:\:,_
<br /> • • coat to Borrowet of the mostgaga�nswance ps�.wlousty ia effec�Esom an altemats mortgaga lnauret appsoved by l.ec.�'.er.If . �`. � .:J;.:.;
<br /> . • .' . su6staatiaUy eguivateat mortgage inauraace coverage is aot ava�able.Bonower shaII pay to Leadee each moath a enm c�-..al . ';%t�s
<br /> - . . w one-twiltW of tha yearlq martgage�nswaace��emium belag paid by Bosrower when the 9asuraaoe aoverage lapsed or _ .
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<br /> - . aeas�tv be ia effert,l.ender wiil accep�.uae aad r�taia these payments as a Yoss resenre ia lieu of mo�3e lasuraase.Loss .
<br /> = raerve paymmt�map ao langer be required.at 0e opfloa of Leader.if mo�gage iasuraace ooverage(tn Ste smouat and Por .• : -
<br /> the perto0 that Lender requires)Provlded by an lmura approveA by l.ender agaia becomes availab2e aad �s ot�aeA. :,;,
<br /> . Borrovrer sLa11 pay the premitimns requlied to matataia mostga�iasurance 1n effect.or W provide a tosa reserve.uatil the .;::�'.�_.
<br /> requirement for mortgage iasurauca ends la aeaordaaca wi.P� aay wriuen ageement between Boaoauer aad Leader or :
<br /> .- applicable 1aw. ' '.
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