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<br /> � � paiodr Iha1 l.endc��quire�. 71�inwranca rarticr pnwidln�Ihe iosumnco s�h�ll te choem by Barnowe�wbjen w l.endet�
<br /> __ __-- approv�l which sh�ll aot be u�uraconably wlihheW. If��muwrr f�ilp la m�iMain covera�e dacdbod ab�ove.L.eoder mey.�t
<br /> I.ando�t option.obuin covaage w pnatoct I.enderk d�llwa in�he Prt�peny in scca�danoe with paa�raph 7.
<br /> i All inwranoe policla�nd�eruwalA�N bn accept�bk�o Lendet iud shall include o stand�d mat�a�e cl�o. Lender
<br /> ch�ll hrvo Ihe�i�ta a bold the palicics and rencwal�. if l.erder rcyuir+es.(lonoa�cr shili promplY�ive w LeMer all recoipl�
<br /> of p�id prcmiums md rcnewal�wlices. In Ibe sveM af lo�s.Elarower rJwll�iva pompt nolice ou Iho ins�uanoe c�u►ler md
<br /> �i�kt l,�rb►msy m�ke pra+f M loss if twl mde{�1y iy Mrnw►a. `
<br /> -� Unte�I.en�ler u�d Barrawe�dhe�wlea agroe In wri�in�,iowrance prarec�ls shall be ap�ficd to restoatian ar r�epair of
<br /> -_.�---�-�---__-,_-:_-.----� tha�damp�ed. if the restaatlon or ocpwi�ir a.�anankally feasibk and Lemleric pecurity iB na�esrenod. If fha
<br /> �sia�at ar tep�i�is�at a�nnmip�lly fc�ihle or Lendcr� sahairy wwW bc IeAtiened.the iacu�nce prooeedc cball bo
<br /> '��' ap�lind�01hc sums secuiod by thia Socu�ily Inu��whe�l�cx na1�I�rn due.wilh�ny exoess p�id w Barowe� If
<br /> � Ba�vwer�b�adons the propeAy.ot doos not nn�wer within i0 days a nntico fmm Lender thW the i�uar�nce car�ier b�r
<br /> oi�'enod b aeWe a cl�im.thcn I.cnder mwy collect thc insunm�c p�ai.-eeds. I..endcr may use�he proceeda to�i�or rcstarc
<br /> �6e Pkv erty or w pay cum�socurod by thio Secud�y Inurwne�u.wheiber or not�hen duo. 7Ue 3(Iday periad wIN be�in whn
<br /> -- d�o �s giveo„
<br /> � _ Untess l.cader aad Ibrrower wtienvisa a�rcc in writing.Ally A�IICAl10I1 O�Pf�OCBCdSi l0 PfIfIC�� shall �ot ex�end ar
<br /> - postpone�he due date of i!rc rnoatldy paymrnu�tcfenrd to io pnra�traphe 1 s�nd 2 or chonge the amoum of�he pa�yments. Af
<br /> ueder poragnpl�21�he PrupMr is acr�uircd by l.ender.Nortowa�k ti�tu to a�ny icuuc�ncc pdicies and po�ceods nesuW48
<br /> �_,�� fran d�n�ge to tM Ptopeny prior w Ur acquicNion shall p�to Lender a�he ex�rnt of ti�r sua�s secv�ned dy dus Secwity
<br /> - lostrument immediaklypno�r a the �puniQi�►n.
<br /> f. Oea�paac'. Pi�satio�.� Maintens��r a�d Praterlian d tMe Pnperl}�: Burrower'� l.a� Appiicat�:
<br /> I,ea�eaoW�. Bonawer sh�l1 accupy.esublish.and u�e�he Pt�upeny as Borrower'�principeJ residrnce within siug dars afY:�
<br /> - - — tlee execution of this Security lest�umrnt and+�Iwll c�+ntinue to oecupy tMe Property ac A�xra�ver�pripcipal�siAeaci f�r a�
<br /> lea.ct ane year afeer the d�te af occupu�cy. uniea Lender aherwi�e vgrcra b� wuG�ig, xi�i:h casiscnt slti:il o:u �: -
<br /> "d wa�casoaably wiU�held,or unkss ex�enuating rircumstance�c ezist which m bcyond 8orrower's canml. Bomower�iwll oa0
<br /> destmy.daange or imp�air 1he Prioperty.allow the Propeny to deterinrate,ar commii wasle an the li+operty. Namawer xlull
<br /> be in default if any fafeiwne action ar proceeding.whe�her civil or criminal.is begun thut in I.ender�s good faph ju�aKnt
<br />- cwu4ii t+esult in forf'eipue of�he Proprrty a aherwise materially Impair Ihe lien coeated by �his Securiry Ic�trc,z�em�or
<br />_ i.��rnier's security imercst. Bk��ruwer may cure zuch a default and reinstate.ar provided in parugruph 18.by c�usi���J�action
<br /> - or P�ooeedia�to be dismissed with a rulin�U�at.in l.endcr's good faith determin�tion.pn�cludes forfeiwne of the BNarrower�a
<br /> -- --- - intercst in tl�e Propc�ty a ather material impaim�ent of tbe lien created by this Security Instnumn or l.ender's xecurity
<br /> :��� inunes� Borrowrr slwll also be in defauh if Barower. during �he loan opplic�tion pmcess, gu�•e malerial�,jr �false ar
<br /> ,� insccurate infortnation or slwemrnts to Lender(m failed to provicb L.ender wiU�any materiel infonnationl in ca�oo w(th
<br /> , the lo�n evider�ced by the Note. including, but not limited to. representations conceming Bamwer� occu�nc�u vS the
<br /> -._
<br /> , Propetty as a principAl residence. If this Securlty I�rument is on a leosehold.Bomower shell caaply with ali tlrr y�r.mvisions
<br /> ;�-,,
<br /> _ crf ti�e 1�. II�SCnY�iM+�i'YC(;i1�it3ff'i fCd iiil2 i0 i�i2 F'i'�'i�i2itj�.:iu iea�ts�ri3 and tbe Tee sitie shal!not m�r�u�ic£c l.sncl�^t sgrees
<br /> � w w�lie merger in writing.
<br /> •�� � �% 7. P�r+otectbn ot Lmder's Rlghts in the Propertv If Bomower fnils to perf'orm the covenan�.4 and agreemen[s
<br /> �'-..b cantained in this Securiiy Insuument. or there i� a legal proceeding thut muy significuNly atTect l.ender's righls in the -
<br />_�_���,,7.,. PeL-�perty(such as a procecdune i�e bankruptcy,probsue,for candemnution or forfeiwn ur�o enforce luws or regulattcxno,then
<br /> = �der rtwy do and pnY for u'c:atever is nece�sary to protect�he vuluc of the Piropen} and Lender's rigb�s in�he h'�.�perty.
<br />_ ' •l..ender's actions may include puying ony sum�►tiecured by a lien which hac priorny uver th�s Secunty Instrument.u�ppearing -
<br /> � _ �-� in caut,paying reuwnnble unomeys'fees und entcring on thc Propeny to make rrpairs.Although l.ender may wlce actian =
<br /> ,� ••�° upder this paragraph 7,L.ender daes not ha�•r e�a du so. _
<br /> =- My wnounts disbursed by Lender und�r�bis paragruph 7.hall become eddi�ianal debt of Borrower secumed by Ihis
<br /> y� �;,,: , Se�.•wiry Instrument. Unles��c+rrower suid l.ender agrce la other temis uf payment,the.e umounts sball benr int�res�: ftom 1he -
<br />= .s� + .•��• � • �dfa�e of disbursement at the Nae rate w►d shnll be puyabl�,wilh inten�+t,upon notice t��n l.ender�o E3wiuwer requesting -
<br /> � , �,.,.-., ,.
<br /> ,41, �;'°-'_°` PaYment.
<br />=._. 8. Mortgage Insurnnce. If Lender reyuired mong�ge insurance a�u condition of making the lo�n s�c�by �his
<br /> '_�'. •�• Securiry Insuument,Barower shall pay�he premiums reyuired to maia�ain the ma�gage insurnnce cro et�ect. f,for any -
<br /> �•�r � reason. the mongage insur.uice coverage reyuired b� Lendcr lapscs o�•cea.es «ti !�e in effect. Bo�rower ,hafi �y �he -
<br /> -''`°' '�•'�� t�rniums ired �o obtain c:�ve e xubstuntiull e uivatent to the moh a e i��:,r.vue viousl �n et't'e�, At n cost
<br /> v_ � t:.�;•. :�•. ,l,., • 1P� �W �B ) 4 S S Pre' Y �
<br />::;�;�:.• �'-0''' ' _ '- . •su�hstantially e�puavalmt to�he�Ux�to Borrower uf the mortgage in.urance previously in effect,from on allernate matgage -
<br /> " •;+•'' insurer upprovrr�bv Lender. lf substuntiolly cyuivalent martgugc in.wvanre cuverage i�not avuilnble.Borrower shall pay to
<br /> c' ;. ��;�k�, -
<br />-��'r'r� . :���• I.ender wch m.+�rth e sum equal to one-twelflh of the yesuly mortgugr i:^.::urance premium 6eing p�i�t�y Bomower when the
<br />'-D^+'' �-";,;�''r insurance coverage lopsed or��eased�o be in effect. Lender will ucrept,use und rc�ain these puymenz.::u a loss reserve in lieu
<br /> .. .,_,:
<br /> °;-1�^-:�; of mortgage insursmce. Loss re+erve paymem,mny no longer br requircd,n� the option of Lender, ii rnongage insurance
<br /> "� coverage(in the amaunt and for the periad th�t Lendcr reyuircx►provided by un in�urer upproved by Lender again becomes _
<br />�'��-,1•��� �-'�:r'�• avo�lnble and is obtnfned.Borrower:�hnll a thc remium+n uin:d to mnintain mon a+c inxurance in eifcct,or mo v�de u -
<br /> r,::,:r!f.. p Y P 4 F b � � -
<br />:�:,;:3• - ,{, loss reserve,until tha rrquiremem for m�xts�_r in+urnnce endti in acc��rds�nee with uny wrn�en a�rermenz between Bomower _
<br /> ":'i":— --'�''�• �td Lender or� lkable la�v. _
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<br />��yy�': "' ':f." ;?:j ,t;�,� � 9. InspeNbon. l.ender or itx agem m•ry muke reu.onublc rntric�.upon anJ�nspectianr nF�he�rnpem. l.ender shall -
<br /> '..�,;�a:�., rrr. . �ive Bomower notice at the e+mr of or prior to an ins�x:c�ion.pecifying rcusonable cc�a.�e f�or Ihr inspectinn.
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