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<br /> -- __ � periods tha�l.rnder requirrs. TAe i�ur�nco cartie�providing the insurame sh�li be rF�►.en hy&�m►wer,ubjcr:i Iu I.c�nlrP!+ —
<br /> � - xppruvai whicii�frad)na�ioe wu�n�wbiy wiiid�riJ. If Bcxruwe�faila lu owiu�at�ti�u��r+�t��kxcid:3 abn::,t.cttdct may.at �
<br /> '; I.�nderL optian,ohtain caveraBe lo pmtect l.cyder's rightc in�hc Proprny in urc�x�l�x�e with paragraph 7.
<br /> ;�� E AU t1151tf�11CQ(IOIICICN YINI 1't11EN'�{I9 SII�II IIC aCC��11YbI�(0 LCIIACf Afid tiI1QI)II1CI11dC L�IYfld1f1)111(ltf�ii$�a;Iillf�t. l.ender
<br /> aFwll have the�ight ta hold�hc poNcies wxt rcnewal�. If L.ender requires. Bormwer.hull pmm�ly pi��r tu Lcruler ull receipt�
<br /> of paid premiums w�d rcoewal�atice�. In�he eveot of lo�s,porrower shull give pmmp� nntl��e la thr insurance cwrie�aad
<br /> . � I.ende� l,toder may m�l:c pmof of lo►s if nM mude prompdy by Borrower.
<br /> _ � Unless Lrnder and Borrow•er othenvisc nymee in wriiing,in�u►anm prv�ceJ�.hall he u�lied io rcctur�ti�n or rcpuir of �-__
<br /> :.." the d�maged.if�hc rcs�oratlan or rcp�niir ie economiruil�� fear.ibl� nnd l.rnder��urity i�. mw le,�ened. U�Ik
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<br /> •�,T rc�ion or apair is nw ecorwmically fetuiblr or I.endrrc xecurity wcwld Me lestiened.the inxurun�:e �xnceed+�hull be
<br /> �;T;� np�liod w the surns securcd by�his Security Iresuument,whether or nc�t �hen dur, M�ith any exce�� paid�w Bomuwer. If _
<br /> - - ,��,,:,.��.., Bonoxer ubnndons ihe Propeny,or doex iat anywer wi�Ain;30 duys u nwica fmm l.eader�hat the iawrsurce cartier hu�c
<br /> ` `'��^::;e�� �:�.F oii'ered to seqk a claim,then l.ender may collect lhe inwr.�m�:poceeds. l..ender muy use�he praceeds to repair ar rentore -
<br /> -- �°*-�`':�:.' -: the P�upeyty a w p4y wms socurcd by this Secwi[�r Imtrun�ero,wM�trcr or aw then due. 'Ibe:�Fday prriod will bryin when �=4
<br /> -- -–_- -._....'.n�a�.•�3.T' IfIC'BdICC�S glveltl. �.�-
<br /> - ,, `�,�,,k:�� Unles.c t.ender ard Bortowe�wMrwise•rgree in vrriting,:u�y application of prcxrrd�to principal �Iwli not ezlend or ='-
<br />_� ,��r:..;�= .,� • postpo�e Ihe duc date of thc monthl�r paYments refeaed w in purrgrapha 1 anJ 3 or chunge the umount of the payments. If �-_
<br />— ,`•Y•� •� under pcuagnph 2I �tce P�openy is a�cquirrd b}Lender.lian�wer's right�a any in.ur.ux�e p►IKie� :uMi pmcecds resuUing �_
<br />- ,.� :. . ;'v': from d�mage to ttx Propeny Prior to�he acquisition shall pa>.to Lender�01he eatem of�hr.um.x�ured by�his Security `'
<br /> :.• •„J�.
<br /> s:.,�„ � , Insaumen�i m m e�1iAte ly prior to the acqu�si�ia�. s �
<br />=_' c.=.'.�3::�,,:ue r 6. Occupaacy. Preservation. Mai�lenw+�e And Protection of the P r o p erty: BorroNer's l.oaa Applkatb�; �`�.
<br /> -- I.e�eholds. Bomowersh�ll occupy,estoblish,:��R a,r�he Ptupeny�Bcxrower's principal residenre wi�hin.ixty days after ��'�
<br /> .�- thr esecstiors of t�ls Sxttr�ty laswrnent snd r,4:aa2 r��t:aur t�c+ecupy t!x�openy�as Bexsvn•ers princi�a!�sidcrne for at �:�'
<br /> ' ^�i � � � least one year ntiter �he date of occupw�cy. u�al��. �.enJk�r a�henvise ngree, in writing. which ran,ent �hall nd t�e �►��.-
<br />:�:-� ?"�v �`�`�' unneasonubly withheld,ar unless extenuating circumrctancea exi.t which s�re beyand Borrower�contml. Bo�r+owe�.ha�!nut �-
<br />.:`.;y: •� .'' � � %; d e stroy.d a mr+ge ar impair�he P ro p erty.allow tl►r ProF+c:���ta d.trriorate.ur commit watite on thc Propeny. �orr���e��,fiall ,'
<br /> a�• � �u.:n��-• '"'.7�y be i�default if��f,ssfeilure action or proceedie+g,�vhether ci�•il or criminai,is begun U�at in Lendert goad fai�h judgment
<br /> . -• •• �;, � could rcsuk in fca7�%r��ture af �he Propeny or ut@z�r�ci�e materially impair the lien creuted by �bis Sreurity lnslrumenl ur �;
<br /> 8 � � � • Lender's security interest. Bomnwer may curr such o defuuiQ and rcins��e,ati provided in p�ragrnph IR,h;cau�ing the aclion �=i-'_�-
<br /> "' or raceedfn �o be dismisseci wi�h� Nlin Ihat.in Lender��m•.�J faith determination, recludeti forfeitur•e of the Borrower; s
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<br /> � •., c"'�.'� intercst in the Prope�ty or other mu[erial impnirtnent of�he lien crealed hy this Securiry Imtn�ment or l.ender's+ecuriry �-
<br /> _ • ^;:��..., " �..� .::. ' interes� Borrower shall alw be in defnul� if Borrower, during the loan applicatim pmcess, guve materially fal,e or --
<br /> "� '�"`' � inuccurate infam�tion or�ntements to l.ender(or fuiled�o provide Lender wiih uny m•r�erial infi�rmationl in conneaiai with �.-
<br /> ,� ,,,, •4"°�' ' �rt �" the loan evidenced by the Note. including, bmq not limited �o, mprcsematian.r• cancemin� Borrou•er: occupancy of the � •
<br /> ' PropeAy as a principal residence. If[his Securily Instrument iti on a lea+ehold,Borruwer�halt crnn�+ly��i�+h�II�he provisiom �'=
<br /> `'� � ''��..,, of the leusc. If Borrower acyuire.�Blle to the Property,�he IeaFehold and tlie fee ti�le+hall nat merFc unl�s L.cnder ugrees --°'
<br />'"' ..•':.'F� to�hemer erinwritin �'u
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<br />.�71� �. �•,.�:, ,-.•. f�,:'::���:,; � 7. Protection of Lender's�dgbts in the PropeM�: li Borrower fuih to pert'orm the covenant.and ugrcr-cen�+ j�;i�
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<br /> -��tfJ.�• r, .�'v:�,,�'��.��1 •r� conlained in thi� Szrxuily Instrument,or ti+rre i� a lagal proceeding Ihu� muy .ignificunlly aifect Len�ler's right� in tt�c ,;
<br /> ^wK?�,��,�;' �;`�;; ;�� � Propeny(such a� :�pek�ceeding in bankn�ptcy,�rrahate,for condemnation or fodeiwre or t.�enfbrce luu.ur regulation,>.�hrn � {-
<br /> •,��� F.a��';• . Lcndcr ma}� do and�}•for�shatcti�er is neces;a:} to pretect the��alue of tl:e 4'rnpert�•and L:ndcr'. rights in thc Pm�-ert��. - -
<br /> ��,".^%� ��-,•+ �• "���f"''� Lendrr':actions may include paying any sumx r,erured by a licn w�hich ha.pri��rity over�hi�Security Instrument,appeurin€ �"-
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<br /> F;. -.� �,"'�%t#:•,� '��� fw in coun,paying reawnable allamcy�'fee,nnd entering on thc Property �o make mpvin. Although Leixler may take uctiun ��,.
<br /> �,` �`� ;�,,•. , under lhis parrgraph 7,Lender dce�not hnve t�do so. -- .:
<br /> �r�, �� .... .. ,:_
<br /> � Any mnount+di.buned by Lender undrr thi.parugruph 7 ,hall hccume udJiti�mul debt uf Bi»r,+v�,er.ecured By ihis �.�•;
<br /> �.�,'i�,� `• �y � '� Securlt In�trument. Unle+s Burrower and Ler.�icr u�rce to other�crms of r ment,thctie umountti.ha4�hrar interest f'mm thc ��'-+'
<br />,�ts���„c,�, ��;.; .,..:�• :�..� r � r��• ��,,:
<br /> �,� .a ' ,;::� :''�•' : dute af dinbunement a�the Note rate and xhi�ll tx puyuble, with inlcm+t,u�xm nulicr from Lender to B�muwer reyuesling
<br /> `��.;� •1' i:,�Ir.��;�'� puynr+en�. y":�,
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<br /> 'r���``,{�;3; '�� +�.Z�.i R. MoHga�e Inwranee. Or L.endar rcquired matlF:�ge imurance a+a conJilinn r':making the loun,ecured h; �fii� '�'�`�
<br /> ' �'?r�ir, ', Securin• lnstrument,Bmrower xh:dl pa�• the premium� require�l m mai��tuin thr muhgagr inwruncc in�ff'eci. If,far ar��•
<br />,�„�.�i;r�;�f'�,;� _-_'- re�.snn, the mon�a�e in�ur�nc� cm•errge tcyuired by Lender la�us��r. r.;iv�� tu tx in effcrt. Borm��•er tihull puy Ihe
<br /> ' '} �� `Y 'r�°' �.Y premiumx reyuirc�7 to ubtuin caverage suh�lanlial9�� eyui��ulent ►o thc rnurt��:ige in+urrnce previously in rt�fcYl, at u co.t
<br /> .�-••. . � � � 6..:��
<br /> _ .. subxtantinlly eyuivalent to the rnsi tn Barrou�cr or the monp:igc inrurnnrr pmviuu.ly in rl'frr�,fn�ni an uhcrnatr mong�ge
<br /> �'� - ,�;,,�,.".;..w; invureT approved b��Lender. If r�ub,tamially�eyui�•alent mortgaee in.rur�ncc rii�•rrag�i.ni»u�•�il�hlr, Bormw•cr�hnll ray 10 �.`,-�,
<br />•� • �----��_"s -- Lender each month a tium eyual In o;*.e•n�elflh ol'the�•e�r15�mortg�ge intiurence prrroium heing p�id hy Borm�eer u�hrn ih� _==�-
<br /> o,,T� - - - :.
<br /> ,�,..,..;� ,. . 'd. '�.,,. inzurance covcrvge lapsed or rra,ed�t a h in el'fec�. l.ender�ti•ill arcept.u.e anJ rr�ain the�e p;�ymen�.a.u lo„re,en•e in liru �;;-•...
<br />"a�.- ` X._ ,.•�*'�.1,.-. y�'�.:': af mongugc in+urance. Lo+s rr+crvc paymcR�< may no lon�cr he rryuirrJ,at�hr option ol'L�nder, i! ra��xtgagc intiur:�ncc k<<_
<br /> ��"''�� -. - . �• «+ver•rRe lin the urnount unJ for the pernxi�h.it Lender requirex)pro�•iJcif hy an inwrer appn►�•rd M�• Lrn�irr uguin berome. —
<br />-»��� `�� ��':"��i,`+''� ' availahle und is obtuineJ. Burrvwer shall p:�y�he premium.requind t��m:�intuin mungug� in�ur:►nrr in rffrrt.or tu pm�•i�k •r : �
<br /> � ' �� �V�':s,�,r'.f' las,reserve.unlil the rcyuiremc�t far mortgnge inxurrnce end,in ucrunlanrc��i�h•rn} w•riuen agrecmrm t��w�n Burr.,a�r ��"'�
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<br /> ,... � ;�.1�:;�"s and i.cmier�ir a lirablc law. �
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<br /> n',; (;, ."";;!ryr��4'�y,±�;;�. 9. Incpeclion. LenJcr ur it. :�grnt m�►} m;ikc rcu,on:�hlc cntri��u�m anJ in.perti��n,�,t'thc Pru�xm•. Lrn�kr �hull
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<br /> �� � � , + �'.°',..•',' ,'., give Borrower notic�ut the timr of ur prior tL,an im�r�i�m��xrif�inE ma�i,nuhk rau.c liir th�in.�xrtiun.
<br /> "r:, _.. -`.-1,�: p i r��lann!i r damarr�, dirrct ur ronr.cqurntial.in runnerti�m a•ith�n}• r
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