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<br /> __r --��.�___.� �tod�ttrw Lendar requires. Thc insurancc carrier providinR tl�insurence shell!ic chnscn by&►m�wcr Rubjc+�h io I.enderti _..._.
<br /> _- __ T __� appnn•d which�bdl aul iw u�u�w�wWy wiA�'�i�i. Z��:,j�����i f�f.s ta tsti:irx�lst crnctagc dcss�tts:�!atsavc.Lt�Q:.r��wy.�t
<br /> Lender�option�obl�in covenge to pmtect Le�de�h ri�hta in�he Prapeny in uc�r�rdau�ce wUh pnrrgraph 7.
<br /> - All intwanco policiea and�new�ls rhull be acceptablr ta Lender wnl ahAll includo p x�wndwrd matgage clatwe. Lender
<br /> - --- _ �tl lu�ve Ihe right to hald Iho policies wxl�eaewals. �f Lrnder requirc�,Botmwer rhull promptly give to Lender all roceipts
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<br /> of'paid prcmiumA+uid ronaw�l naices. In Ihe cven!of loss,Barrower s:huU alve prampt nolice to tho in�wranc�csurkr qnd __
<br /> ,�;, L�ender. Lendcr m�y make praaf of las�if not made promp�ly by wcr.
<br /> _ -- - Uniess Le�xkr und Bc►rmwer otherwi�c+�gn.�:in w��iting.inburance pr�.eeds shall be applied ta restorntion or rcpair of �--_-
<br /> �. ihePropc�y d�maged. if the rcstoration or Rpuir ia econanically feasibte n��d Leader'k�ecudly is nd le�sened. If�he
<br /> restonuion or rcpuir is qot economically feaaiblc or Lcn�lerk securiry would be leascned,�he inFUmnce procceds rdwll be
<br />;:.� applied lo the sums securcd by this Secudty Insln�ment.whether�w nd then duc,with uny excess puid�o Bomower. If
<br /> _— Barrower aGandons �hc Pro}�erty,or docs nrn nr�swer wl�hin 30 doys u notice from I.ender �hat the inaurancer curtie�ha�
<br /> _- oflered to setlle u claim,�hen Lender muy collect the in�ur�nce proceeJs. L.ender may us�e the proceeds to repuir or res�a� =..
<br /> —_ the property or to pay sums secured by�his Secu�ily Instrument.whe�her or na�han due. 71ie 30�d�y period will be�in when
<br /> °—:� the notice is given. �.
<br /> _ - Unless Len�der and Barrower othenvlse ug�+ee in wrfling.any Appliewion of proceecls to principai xhuU�ot eaKnd or
<br /> —._-.�-�----^ Ap�P��he due datc of the monthlY P�?�nts r�aferned to in Pura6raphs 1 und 2 ar rhange�he amoWU of the pnyment�. If ___
<br /> _-' under�raph 21 �tie I'rvperty is suyuired Ey I,ender.Borrowar'�right m my insursu�ce policies and pmceeds rcsuUing
<br />�'''�'�� �� from danwge to the 1'roperty pricx to�he acquisition shull pass w Lender to�Ae extent of�hc swps secured by Ihi�Sxudry —.-
<br /> �u.�;, �
<br />---�a�r� �: . Instnunen�immediately prior to the nrquisition. ���`.
<br /> ��X���r��. i. O�apaacy, P�rv�mtw�. M�tpteawnce aad Prote�Hion of Ihe Property: Borrower's I.oan Applic�tioN: �`�_-
<br /> :Y..��,� Le�sebolds. Bonower shall oc�:up�t.esablish,and usc the Property uv Barowerl principcil re+idence within sixry days t�fter _ .
<br /> ---._�.._..:_� tt�exe:.uti�.�ef this Sectiuit�ii��trum:qt an�cts�ll coatinuc to acupy ttte PtaFcssy�:9�sroti+er4�risec�pa!midrssee for at
<br /> : ,-r�;- - � -
<br />-- least one year a[ficr �he date caf occu��+n:y. unless l.ender attienvlse •rg�ees in writing, whirb cunsent shull not be ��
<br /> T` � wu+easonably w�ithSield,or u�les:�exterwatin�circums�ances exist which nrc beyond Barower's cantrol. Bortower shall not �
<br /> � :".r,;:�� destmy,damage ar impui��he F'�r�aeny.allow�he Propeny�o deteriorate,or commi�wasa�t on the Property. Borrower shall :,fr;
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<br />-',.� � +.r'':r,?>' be n;,default if any forfeiture s�;.aion or proceeding,whether civil or criminal,is begun tbat in Lender's good fai�h judgment _
<br /> cou��D result in forfeiwre off u9+e Property or otherwise materinlly impair the lien crented by Ihis Security Inslrument or :<♦
<br /> Lenderls security interest. Bc�r�n+rrr mny cure such a defAUl�und reinstute,as provided in paragraph 1 R,by cuusing the action
<br />_ , s ry ;��. or proceeding ro be dismissed wllh a niling that. in Lender's goorl faith determins+tion,precludes forFeiture of the Bamwer's �
<br /> • interost in the Prtr�peAy or other ma[erial impainnent of the lien creuted by this Security Insuument or Lender's secu�iry
<br /> =:. �� interest. Bortowe� shall al�a �be in default if Bormwer, during the lonn application proce�, g�►vr materially false or �
<br /> ti n��� inaccurate informAAOn or sta�e�.ents to Lender(or failed to p�cwide Lender with any material infortnulion)in connection wllh �::"�
<br /> the loan evidenced by the Nae,including, but not limi^e� to, represenwtions conceming Borrower's occup�ncy of the - _
<br /> y`��: _ - l�roptity 8_s t��!'inc'i�+il!1r`al�'IM'!`, If thia�eei�rity Imtn�tnQnt ic sn a lence�hcdd,Aormwer chnll c�ly wilh all the pmvicions � .
<br />� •'F4 � of the lease. if 8s��ma�Ver�cquires fec�ille to t6�e Property,the lessehald au�cJ�he fee tide shall na rr�q�e+an�ess Lender agmxs -
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<br /> ;1�}a r� .�`�" , tolhe.mergerin writeng. `
<br /> -. l'��,; ; � . �� '' 7. Protecd3an ot I.ender's Rights in Ihe Property. If B�rrowrr fails to perform thc cn�•ennnGc und agneements , �Y�•
<br /> •��'•+` '` "�;!5 ennTained in 1hi�.5ecurity Inst�+wment,or�here is a legal proceeding that may sl�nndei�andy o�'ect I.ender� rights in the °�::
<br />��'�;`�,�'• Pm 1�eneh r+s n mceeding i n hankru cv ha�e.for condemnation or forfeiture or m enfc�rce luws or re ulationsl.then •
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<br /> _y r Y � M1;: ,; . i.ender may da nnd pay for whutever is neressury to pro�ect the vAlue���F ahe I'ruperty and Lender\rights in thc Propeny.
<br /> "' I.en d er's a ctions mo y include pu yin g un y sumx secured b y u lien which ha:�+noril y over thi�Secutin}•lnstrument,u p p earin g �
<br /> �+- '� � '�"'. in court.payln� reasonnble utrorneys'fees and entering on Ihe Propeny r�+mnke repairs. Although LPndcr mny take action `=`�
<br /> �� unc�er this paragrnph 7,Lender docs not have to do so. ' �u
<br />--� Any dmoums disbursed by Lender under this pura}r:iph ;shall become ndditional debt of Bottower secured by this �:'==
<br /> ,•r,:�; ., 5ein�riay Dn�lrument. Unlesc Borrower und Lender ugree t��mhcr team of puyment.�hc�c umounta�'ha�1 bear interest from the -
<br /> ' s'.��_'. .,.� dare of disb�rsemrn[a��hc Nae r�e and shull tm p:�}uble,wiU►intere�a,upon notice from L.ender tr$orrower requesting ' '
<br /> j�.'�- ` -•� ,.+y�.w,,.,- :: peymcnl. ��;
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<br />_�� � • ti,•, :• $. Mo r t gage Insu�ance. If Lender re.v:;red mangage in.rurancr u..u canditiun of mi�9�ing �he loan secured by this
<br /> Sec�arity Instrumen4 Borruwe�4ha11 p•ry the prrmium.r rc�5:3ired to maintoin the �nrt�,a�e insumnre in effect. If.for any , �
<br />�1.�. '"•. .� � • = �eASOn, the mortguge insurance covernge reyuircd by Lender lapses or ceuses t0 6e in efi'ect, Bortower shall pay the ;��;�
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<br />. ;.�, _ pr�miums required to obtuin coverage suhstantiully eyuivalcrn to �he manguge insuranre pnviously in effec�, at u cost �1�±?.
<br /> ;,,�:, ,.�,.�;..,. substantia0y equivulem to�he rox�to BorroKer of the mongage insurarocr previously in effert,frnm an ultemate mortgage �--
<br />' ' '�'' Inaurer approved by Lender. If suMtuntially eyuivalent mortFuFe intiurnnce coverage i+nrn uvuiluble.Bartower shull pay to
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<br /> ° �--�r�- : L.ender each month a sum equnl to une-tweltih of�hc ycarty mongagr imurunrc Qnmium being paid by Borrower when the
<br /> ��i •ir+aurance coveruge lapsed or ceu�ed to be in cffect. l.ender will uccept,use and rctain these paymentx�s a loss reserve in lieu �`
<br /> .,�: �'y.. . � ' -
<br /> .�„�,�:Q,c; �of anongage insumnce. Loss rrserve paymems muy no longer he reyuired,at the option uf Lender,if mortgage insurnnce �.�,
<br /> �� i:?���, • ,cw��erage(in the amount und for thc periad tttal Lendcr rcyuircsl pnwided.by nn imurcr npproved by Lender again becomes ,,
<br /> ,'�„t:.: �'b`''���_'` av:ulable md i:oMained.Borrower shall pa� ;t'r�premiums reyuired ta madrlain mortFage�mw�unce in effect,or to provide u �;�'.
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<br /> . loss reserve.unauG,�he reyuiremem for mar�sa,�:in,uramr end+in acrant.�che with uny written�gmement between Borrower •' 'r
<br /> �'`._i�.;�.°' . and Lender or u���:�ble law. �
<br />-� , .,._�•.: • . ,, 9. Inspectlun. L.end�rr or il�agenl may�nakc rca+onaF+lc rntrie.u�xm and in�pr�te"m of�he Propert�•. l.cnder+hall , ,':
<br />- � .:'.'P��� +'�:-� give Borrower notice ut thr�i��f or prior to;ui inrper�ian,prcilj�in�Ruumnble cau�r t��:�he in,prction. '•�'�:
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