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<br /> �� '`��`�:�;. � ' r�vemenis now exis3in or hereafter er� on the ' .
<br /> � 5. �e�os Fsup�ty Iasua•aaoe. Borrower sbail t�tl�e imP g `'•�.` .
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<br /> . . � ` `� , Pmgerty insuYed aga�ast ioss�y fue,haaatds imeluded wit63n the term"extended ooverage" and�y other 6azasds, includls�g ` ` _.�;~
<br />�'f °� '' tIo�d�or tloadin�.for whIch Lender i�dires izzsarartoe:�'his i�su�raace stuil!be maii�tained ia the amounts aud for the periods Y::
<br />' � '`°� ` :c�"� that I ender ceqaires.The insuaanoe cartter prm+iding the•insnrance s�ali be chosen�by Horrower sub,{ea to Lender's approvsil ~..4.;
<br /> �.� ry;.. :
<br /> whictt s1�1�mt be unreasonably aithhet� If Bormwer faits ta maintain covernge dassribed above, Lxnder may.�at 1.entier's �;�:"
<br /> c �'.,:z.':;` optioa,obtai�a covcra�e to pmte�x Lendzr's rights in che Prope�cy in sccordaacx with paragraph?. • ,.�:".
<br /> �` ',�''` �'° . AU iasarance policies accd tenewais sba11 be eoeeptable to Lender and shsill include e starniard mort e clause. Lender .
<br />. ,�,'.S�.. ,_4�� � ` � ����
<br /> _ . shall have the rtght to Iwid the po!IcFes and renewals.If Leades ceqcunes.BonQCVer shall promgtlY gve ro Lender all reoetpts of � .,
<br /> ' F ' paid pmmiwns and renewal notioes.In the event of loss.BBrcower shalF give prompt nntice to the insuranoe carrier aud IRnder �. ~
<br /> . � �� � `� Lcr�er may matsee praof of ioss if not made prompilg by Bonower.
<br /> c�--�'�;�. Unless L�der and Bnrrower otherwise agree in�vriting��in,s,�usance Proceeds sba11 be sgplied to restorr�tiion or regair af the �;;�
<br /> �-`_':. � w • • x�i�w'�s��j+�iT jm��v.s�m�tvaf�`J 1'w+�S.�S�.:��vu�u�n",S n'w�"v. r�'j"Fo I v�.��roov���...•:t t�1P�'PCfntiit,�FRf�1T � �"
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<br /> - . ;; �ePair.is nat eonnomical[y fea�'bte or Lsnder's sesvrity would be tessened.the insurance proceads 5ha11 be apptied to th�swus � _
<br /> ,�Y; secured by dnIs Se�urity In. �TM�+t. whether or not then due..with any exc.css paid to Borrower. If Borraw�r abandons the �. �.:
<br /> � �� � � Property,or dnes nat answes witd�n 30 days a anaee&om�nder that the insurance cairier has offered to seule a claim,then �.�:-
<br /> � Leader may ooftect the inst�rance pmceeds. i..ender may use the pmeeeds to�repair or resmre We Y'mperty or to pay suins• ��::
<br /> . ''.`` � seeur�d by tFus Security Iastnunent,whether or aat then due.The 3Q-day period�vill 6egin when the ntidce is given. • +�'_'`°
<br /> •''��•�•LL:4`. , N, . Unless L�eader and Borrower otherwise agrce in writing. ariY aPPlication of pmoaed.s to priIICipat sUaU t►ai extend or — -
<br /> ��- . �`;,; postgone the due�ate�of the motuhiy payments referred to in paragraphs 1 and 2 or ci�angs the amount of the paymcAis- If � �_-
<br /> . ander paragraph 21 We Propesty is acquired by L.eader.Hurrower's right to any insvsance policIes amd proceeds msniting fr+am �;
<br /> � • _ damage to the Property prior t�v the acquisidon shall�ass to Lender to the extetu of tbe sums secured by this Securiry Insuunsent �"
<br /> . .!• z • � � . �"��,
<br /> � immec1iateJy priot W the acquisition. . ' —
<br /> �,_..;;a' , ' 6.Oeaipattcy,Pr�seivaA#oa�ldiatnte�an�and Prot�ton of the ProPeri�'4 Hosrower's Loan AppllcaHon;Lease8oIds. �`.�::.
<br />� ,��•c�.lt: _—
<br /> �` 8orro�+er s6a'll ocGUpy.establish.aII+d use ti�e Property as Borrower's principal resideace witt�a sixty dRYs aRer the execatioa of ___
<br /> . ::, �� �, this 3ecurity Jnstrument and sha11 continue ta accupy tbe Property as Bocrower's principal residence far at teast one year after =
<br /> _ ,`.".:"�.-. the date of occupancy.untess I.ender othernise agrees ia writing. w6ich cotisent�shall uot be un�easo�bly wi t h he l d,.ar n n less !
<br /> � � . ' extennaung ci�ances exnst which ase beyond Borrower's ccanirol. Hormwer sbal� aot destroy, dawage or impair the � :
<br /> . p r o p e rt y, a l i o w t h�I'r a p e rt y w d d e d ora3 o,or commit waste on the F r o p e rt y. Borrower shalt be in defaul�if any forFeiiure Q�-_:
<br /> , _ action or pruceading,whether civil or criminal.is ixgun t6at in Lender's gaad faitb judgment could resuIt in farE'eitu�+e of the _ ��..
<br /> ..;:��...:_-r";;,', P�+upetty ar otherwise materially impair the lien crrated by this Secusiry Instrument or I.ender's securiry inter�t.Borrower m�y �,�r
<br /> ,; core such a default:and reinstate.as Provided in pazagrap�IS,hy causing the action or prnoeedia�w be dismissai witli a tuling � � �.
<br /> . '�' �`"• tUaE, in Lender's gaad faitli-determinat�o»�precludes fo�eiture of the Borrower's interest in the Property or othet material � 4�
<br /> , � ' impairment of the liea created by this Security Inshvmet�t or Lender's seau�t�r interes�Barrower shall also ba in default if• a'�•
<br /> - • , "� ' . Borrowes,daring the Ioan application pmcess,gave materiaUy false or inaocarate infom�ation or statements to[.ender(or failed - -
<br /> ` :.. } ;� . 'to prbvide Lender arith any material infarmarion)in connection with th�loaa evfdenc�l by the Noie.iacluding.bnt not limited . �--__,1
<br /> :�•��..:•� ` . '; to,representations ooncemu►�Borrower's accupancy of the Property as a princlpal�sidence.ff this Seattity Insmunent is on a �..�_
<br />: �'�: ��_ • � . teaset�old,'Borrower shall c+ezaply with aU the provlsfans of the lease. If Borrower.acquires fee titte to the Properry. the , �':_,;
<br />� �' � leasehold and the fee title sha.l�not merge unlesg Lender agr�s to the merger in writing. ��=
<br /> . . . �.', �•_•_--
<br /> :; �:�. ,� 7.Protectian of I.endee's Rlg4tg in t5e Pcoperty.If Boao�ver fai�s to perform We covenanis and agreements cuntained in �:=-
<br /> .;.:'� � tbis Security instrument,or t4�ere is a le�t proceeding that cnay sigai&caatly affect I.ender's rights in the Property(such as a � @: °.
<br /> proceeding in banluuptcy,prv�ate, for.condemnadon os forfeiture or to'enforce laws qr reguladons),then I,ender may do and �,<<:_-
<br /> • �. � . pay for whatever is neressa.-y to protect the value of the Property and Lender's rights in the Properry. Lender's actiqns may g--_-
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<br /> • • ��� include paying any sums secvred by a lien whicIi bas prioriry over this_ Security Insuument, appearing in caurt, paying . �F
<br /> :. • reasonable attomeys'fees and entering on the Propecty to make tepai►s.Alt6oagh Lender may take action uader this paragraph —
<br /> �•• � • ; ' ?: �• 9.Lender does not have t�do so. � � • � =_
<br /> ?`�" '` �� • Any amounts disbursect by Lender under this paragraph 7 shall become addidanal debt'of Borrower�cured by th�s _-"_
<br /> �. Securi�y Instrument.Unless Borrower and Lender agree to.other terms of payment. these amounts shalt bear interest from the. •�`� :
<br /> �' ,.`� date of disbu�sement at the Note rate aztd shall be payable*with interest, apon�notice from Lender to Borrower requesring �,:'
<br /> �..'• ' .. ` . �;:
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<br /> � ���. . `C,'.`,ji;.. .� payment. --
<br /> . , 8.Mort�e Insarance.If Lender sequired mortgage insutance as a condition of making the doan secared by t�is Sec�:.�:� ��_
<br />.''' '�` �. . Instrument. Borrower sha��ay the premiums mquired to maintain the mortgage insurance in effect. If, fot any reasoa. the �`:'
<br /> �s� � � � mon a e iriv�rance cove � r uired b Lender lapses or ceases to be in effect,Borrower shall pay the pn�*.uns requirerl to r
<br /> , 8 B �' e9 Y ���
<br /> '�` ' • oBtain coverage substantial."y equivalent 2o the mortgage insurance previousty in effect. at a wst substantialj�v:;uiyalent to the �.
<br /> ;'' cost to Borrbwer of the mortgage insr.r.s.�-.se previously in effect, �c�an altemate�mortgage insurer approved by Lettd�.�If � �.��
<br /> �' � ' substantially equivatent mortgage insurar,sP coverage is not availa�'_e,Borrower shatl pay to Lender eacb month a sum equa3,to
<br /> • � Q�-twcifth of the yearly m.o�gage iiuurance premium being pai�l by Borrower when the insurance cuverage 1�,^.sed or ceased to ,;,:;__,'
<br /> � • � be in effect.I.ender will�i,use and rerain t�ese paymenu as a loss reserve in lieu of mortgage insutasoz. Loss reserve ,.�
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