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<br /> '� d. 11�an1 or Propwly Iwu�ae. Borrower sh81 keep tbe improvomonu now oxicllag or hereaRer erected oa tbe �F fi„e,-
<br /> ..��Nr,"� �, Property io:ured�inzt Iw�s by tfre,bazards iarluded wichin�bo tcrm"o�taadcd cuvo��ga' and aay dher ha�rdr,iocluding �
<br /> . --�=-�".� Aonds or fioodin� for whicb Loadorrc�luiresinawonx.Tluk ioaurance�6�i1 bo mwinuinedtn the amuuata.ed tnr rM n�� _-
<br /> - n,y�;; ..-;�s,t.;�'' tb�t I.euder n:quirea Tbo ia�uranoo c�rrier provldi�g tb ia:uraace s6a11 bo cbo:oa by Barawor subject ta l.euder•s approval �—�-
<br /> ' ' whic6 chall not ba uare�soa�blya►hhheld if Borrm�eriailc to maintain cavoraga descrlbed abava,l.eader m�y, at t.oader�
<br /> ;,��°.�� ., � .;: >::�:^�'�'� opt�oa,abtaia coverage to protect L.eadoPs r�ghta in t6e Property fa ncrord�nco wlib pa�s�apb 7. =-
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<br /> ' Y AII �IliUiiI10E(1DIICIE�i AAd f00CWAI8 SItYII I)0 iCOCpIHbIC(A I.OIIfIC�All(I SMAII IACIUdB d SlAll�d R10�1gOBC CIflWSO. I.endar �-,�---
<br /> - : .�-a+!`�`�!'��"���;�, sball bavo tba right ta hold tho polides and reaew►�s.if Leader rcqul�cs,BonaworahuU promPtly� to Leadera0�ecaipts of �-
<br /> �3- -_ °-~,;;.� peid promiurasaad ranawal aotices.Ia tde event ot Ioss,Bonowar ahaU give prompt aotfce to the iasursuice carrie�aad l.endet. 'r •�
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<br /> -- � ..�•.:... .' � .. Laader n�ay maka proof of loss if not mado prompQY bY Borrower. _-_
<br /> Ualesxl.eaderaadBorrowerotharwise agreein writing, iasuraaceprocecdssdall be appNedtorestoratioaor repairof the `"`',
<br /> '��.���_ �',h � �. �'�;�.. .. ,; Property damaged�if tl�o�wnitionar rapair i�ecoaomically feasiWe aad Lnador's security is not Icsscacd.lf the restoradonor �°`�,
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<br /> �.-$.;�;.�. =' '�,: rapair is not ecaaomicary feas�7►le or Lc�der's security would bc ksseaed,the iasuraacs procecds s6a11 be applied to the swaas ,,:.::-.._
<br /> ��- :, 4 i� secured by Wis Security Instruoaent,a��tber or not then due,wilh aay excess paid to Borr�wer.lf Borrower aband��as tl�e
<br /> �`� .��:� :- _ . Property,or does oot�aswe�vrilh�a�ib a�}.�A a�.�aa Gom I.eoder that tbe insuraacc carrier has c�6'iercd to seqle a claim.then
<br />,��ee . � � Leader aaay cdled tbe iosurauce pracecds. Lenide�r u,�y use the prorxcds to rep�ir or restae tQMr Prog►e�y 4x to pay e�ws _ 'r.°-µ`==
<br /> ,' �, .� � � secured bk thix Security Instrumeat,wheth�r or a�ot th�a due.Tbe 30-day period wiU beg�a a�,c'Ii�e3C pOClCY iti�f��p. �'
<br /> , .�"' ,;.�'a;`, Uo1c�s ILeader aad BoROwcr atherwis�.Agree ia wrltinB+ t�oy aPpGcadon of procxeds t�o priacipal shAll not erzend�r ���,`�._
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<br /> 1ti;Sb,.,r;" '. .'j:�< ...�,. st ne the due date of the moa nymeats referred to ia Q a hs 1 and 2 or chAw e the amouat of the euts. i! ��..:_�`�.
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<br /> ��..'�t� r E■:�' uqder ParagraPh2i We Propertyis acguired by Leader,Borrowcr's right to anp iasuraace policks and praxedsresultiog from <,;•.:_�.„_
<br /> ��.���;'t``,;" � f.•,r.?�:i��� damageto the ProPertYPniar to th�a¢guisidon s6aU p�ct to l.enderto the eateat of t�c swas cecuredby thi�s Seeurky lostrumeat �:< '.- _
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<br /> - " ���►�s_}:;kt ,>�;::�+.�g: imme3iateiy prior w the ucguisiGua. ;-�
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<br /> y..�,,,�,����', ���{:�� (, Uo�apx�ry, P++era�vatlaa,Malateotwce asd Pratocdoa ot t4e Nropert�, Borrowe�'s I.ona AppUcatlaoi I.a�eLold�.
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<br /> ',<. �r; , �+� a. +�Y Borrowersl�all occu establish,and use the Propertyas Bonower's priacipal residencewithia sixty days aftertheezecution oi �M1-•"'-
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<br /> " ��' �,;�!?!; '����� this Securi Instrumentandaball ooatinuetu occupy We Pro as Borrowet's riaci al residenafor al least one ear after �''�"
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<br /> `. .�1,�� , �z.,^: '.: the date of occupaacy. ualess L.enderMherwlvc n�rees in writing, whicb coatient shaU qot be unreasonablywit6held,or unless j S1T
<br />.:�.r;_��y� !' " �� ,�, exteauat' circumstances exist which are be nd Botrower's coaual. Burrower shall aot destroy. damage or impair t6e �?�.:_°
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<br />��5�:;:�.� ? �n�"�`�''�•' "• Property, uUow t6c Property to deteriorate,ar commit wastc on the Property.Horrower shall be in default if any farfeitwe ��:��
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<br /> ' '�''''r'���{��:�r�f adioo or proceediag,whether civil or criminal� is begun that in 1,ender's good faiih judgmeat could result ia fo�ieiture of the �;�A:-.:,
<br /> �•' � 'r,<�t�� Property or otherwise matcrially impeir the Gen createdby this Security lastrumentor Lender's security iaterest.Borrower may
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<br /> • t;; �; cure sucb a default aad reinstate,as ptovided ia paragraph l8� by wusiag thc actBan or proceedingto be dismissed with a ruling �.�yr
<br /> � � ''`�'`�' `�` t6at,in l.ender's good faith determinatiaa.precludes forfeiture at the Borrower's interest in the Property or other material • ��"'
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<br />�'- •�Q,i,�.•i'�s:�"' .��:7.:'°';;; impairmentof We lien createdby this Security lmtrumentor Lender's security interesa.8arrowershail�lw Lc u�3efauh if -- -
<br />� �'�r��+'�`�X''��� ��`''���• Borrower.during the loan appGcati�n process,gavc rnaterially false or iaaccurateinformasaon or statementsto I.eader(or faited ..��
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<br /> ' ''.,,�.... .,,; � ,. . to provlde i.eaderwith any materialinformation)ia wanecdaawitb the loan evidenc�dby tbe Nate,includiag, but aot Umited
<br /> � !•����:��` =t��, �o,represeatat�onsroaceming Bonower's occupancy oF the Property as a pri�ipal residence.If tl�is Security lastrumentis on a __�.ti;:�:
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<br /> " ,i: • ',��,. ..� feasebold, iiorrower s�ala comply witb all the provisions ui the lease. If Aurrower uryuirra fw tt[le tc� che Praperty, the �j�,,,.:;,,.�-.
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<br /> �.'.S�� � �-�,. leasedold and tha ke titic shall not mer e unless Leadcr ees to the mer r in writ ��.'.<<_•.
<br /> �:.�. ,�:t �'{�`%�,Y���..• ' i 7. Protectloa of Lender's W¢6ts io t6e Property.If Barrowerfails t parforn�the menantsand agreemen4scontain�din R;''--
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<br /> �'���' �`r�' ' tlus Securi Instrumenl,or there is a le al oceedin Ihat ma si Jcand aitecl Lender's r ts in the Pro suc6 as a
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<br /> �, y. !',,;•r:. proceedingiu bankruptcy,probate,for coademnationor forfeiture or to enforce faws or regulatioas),then I.ender may do and - �'�`-�
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<br /> , � '��,�,�!�� ,..,i,:g pay for w hatcver is aecessary to protect t b e va lue o i t 6 e Property an d l.ea d�r's rig h t s ia t be Propc r ty. L e a d e r's a c t i o n s m a y �;;11__,T..
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<br /> ,�:a; .;�„ include paying any aums secured by a Gen which has priority over this Sccuriry Instrument,appearing in court, payiag
<br /> ''�' ��� '�'i� `^' j reasonableattorneya'fees t►ad eatering oa the P�operty to makc repairs.Altboubh Lender may tuke xtion under this paragrapb ,� • •
<br /> f=- ;��rl�`,��+"`i�J�., �b:. 7,�ader dces aot have to da sn. '°��ws.y
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<br /> 4, � ,�,,;,h���*y,•-.r� ,, Any amowNs di.�wrsed by L.endcr under this �aragraph 7 shall hecome additioaal debt of Borrower secured by this •+,'f.�.:'"�
<br /> ' �y,,,��y�, •-� �,;�'a: �, Security lastrumeot.l'�less Borrower end L.ender aw�rrr ta uther terms of pay�m�ns,these amouats shall hear intcrest from the "�:;,,� '�`•
<br /> %;i�:;;. i'•'",�� , date of dLsburscment at the Note rate and shAll be payahle, with intcrest, upon nolice from Lender to Borrower rcqiarsting ;��;����''
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<br /> ' `�',' '•' a 8. Mort�►�e Inauranee.lf LenJ�rrequiredmurtgageintiurunccas a cunditionof makingthe loan securedby tttis Securiry �,,,T_r
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<br /> �°�• • '- '�'��:'�'- • '� lastrument,Borrower shal] tbe �miums re uiredto ms�intain the mortgaec insurance in effect. If, for an rcason,the �;;,;_'•_'-'"
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<br /> ,;Y�F�� • mortgageiasuraacecoveragerequuedby Lenderlapusor ccasesto Ix in ef4ect, Borrowershull pay lhe premiumstequiredto !�''"'�-
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<br /> , t��y.?3'�y�.�;� .,;, .,r., obtain coverage substontially equi�raleat w th�mortgage insuraace previously in c Ffect,at a cost substantially equivaleot to the �t1";���•_
<br /> •. , . � '' �?+•�• :' cost to Bnrrower of the mortgage u�surancc previously in cffcct, From an alternate mortgagc insurer approved by I.eadcr. If ;�)�
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<br /> " ;�{t, '''�: �� '�'?"�.';:•,;'' substantially equivalent mortgage iasurance covcragc is not availahlc�Borrowcr shall pay to lxnder euch month a sum cqual to �Z1,,. ,
<br /> .;;rt!?��,•.:�: .-,;;. ,.� one-twelfth of the ywrly mortgagc insurancc prcmium bcing paiJ by $orr�«cr�vhen thc insurancc covcragc Inpsed or�:eased ta ` �
<br /> , ;�,;�;f.. ., ...:,;'.r be in eff'ect.L.enderwiil acoept,use and retaiathese payroentsas u loss r��en�e in li�u of murtgage insurancc. I.oss reserve ���1,;'�.
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