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<br /> . , ,AII it►suimxx po�qes aaA mxwals s1�aU Ix aooaptabte to f.eoder and s6all include a sptrdazd martgage clau�e. I.ender
<br /> � • s6all bave�t tigdt to bold tbe policies arW ra�e�rals. If l,ander toq�.Bomawer sNall lxompt[Y.�ive to t.ender all recaptc
<br /> - ' '� of g�Pnmimns aod xmewa�aotiaes. In t�e evear of tass.Harvwar sb11 g',ve�nnp[noaa w the insur�nce cacrie�and ,
<br /> ; , Letider. i+eider ti�y tnatce poof of lass�f tiot made�r�ily by Bixiowet. <- ; .
<br /> . Unie�Le�h�der�d So�rower odwe�wi.se agr�e in�vritin�in�ce pioceElds'si�a11 be applied to c+�ation or repairvf�
<br /> d�e Ftupary da�nagW.#tbr tat�•or tepair is�nicaily feasibk�d let�Aers secntity is ttat kssetxd. if the� . .
<br /> �estor�wa'ar iepair is not.�Y f�bk or I�ender's sdc�uit�r aruuid.bc lessene+d.ttu�e�p�o�shatl6e.
<br /> � `spQlied to tbe s�nas secinM by this Satirily I�cument.�vtwtrcr a t�or tt�ep}iue.orith any a�cess Qoid ta Bomnwe� If
<br /> . Bormwer abndo«s We Firopaty,a daes not a�wtr within 30 days a'ni�tic�e ftom I.erdcr t6at the ins�uaaoe ca�r�r tms .
<br /> ; offaat W seale a claim,d�m L�ender mry�ollect the a�pmoeeds. I.ender may nse the ptoceo�ic to�pair or n�one
<br /> ` ' tlie�or ta pay s�s�c�sd by tms Secmity 1��wlxd�ei'ar not the�du�e. T6c 30-day�j�d will 6egin qvLen . ` '
<br /> , the is giv�. . .
<br /> < • Uidess ixnder aad BFnmwer otl�rise ag�ee in writmg;mny,apQlication of prooeods`ta priacipal shaU aot extend or
<br /> p�e tde due d�Le of the mnathty�nferre�to in•ParaBtaphs 1 and 2 nr,cLange tse am�mt of the gaymems. If .
<br /> under puagraph ZI th�Ptopercy is acquired by l.encla.Borrqwer�righi w any insurance poticies and prdoeeds resuiGng .
<br /> fmm da�w the Pmpe�ty prior to thc acquisitioa shaU pass to Lender to tLe�xtent of thc snms secumd by this Securicy . .
<br /> _ , Lasuummt immediately Prjnr to We acxNi'-�m�+ , . , . ` .
<br /> - . ` f�. Oiopip�tr, �.�M�ipbaa�ce �psd Prolection i1f ttie Proper�y; Borrnrter� Lo�M Appiicatioir,
<br /> LmeMolds. Soimwer shall aocupy.establisb:and u�e t6e Ptoperty as Boaower's principaf�+esidence withiu sixRy days after
<br /> - fie e�ecaaian'of[Tns Secaat�r.Iasaamtai and sUail coatinnue co axupy rbe F�openy as Bormwa�s prineipaf residence for at
<br /> tesst me year after tbe date of occnpsncy. �mless Lender othe�wise ag�ees in wtiting, whic6 conseat shall not be
<br /> - .. utue�mMy with6eld.ar unless exuntcuing cinctan�s ezist wiuch are 6eyond$ori+c�wer's�oqiroi. Boaower shaU not _
<br /> -- destmy.daa�age or impair tha Ptopetty,a}tow the Ptoperty w deteriorate.or commit waste are the Pt+nperty. Borrower shaU —
<br />°'' tie in default if amr forfeitnre actia�ot pmce�ing,wbed�er civil ar criminal.is 6eg�m�hat in l.ender's good faiib judgmem
<br /> �� coukt-tesuR in-fotfeitune of tbe Pcoperty or oth�rise mate�ially impair th�lien cceat�d by thi�Security insirument oo ..- - ---_
<br />-� • I.ender�security interest Bomnwer may cure snch a default aad reins[ate.as prQVided in paragraph l8.6Y causing die action `'-
<br />` _ a proueeding to 6e dismissed with a rirling that,in Ler�der'�good faith determin�tion,Precludes forfeiwne of the Borrower's _-_ _
<br /> - - intenesi in t!u Ptopertg or qther materidt impaim�eni of the liert created by this Securiry lnsirutr�ent or I.ender'�seatrlty � _e
<br /> _- inte�est. Borrower sha(! alco be in dei'ault if Bomower.�daring the loan applicativn process. gave materiatly false or ----
<br /> °- � inaccurau infom�ation or staumenu to Lender(or failed to pmvide 1xMer with any material infomration)iR com�e�ion with ----
<br /> ; , the laan evidenced by tl�e Note, inctudiag.6ur tat li�aited w apnesentattons carnxming Bormwer's occupanry of the
<br />=- Property as a pcincipal residence. If this Security lnsdument is on a leasehold Botrower shall comply with all the provisions
<br /> , of the k� If Borroivetacquires fee ritie to fhe Property.the leasehold and tLc fee title shutl not merge unless l.ender agrees �
<br /> - to tbe me�ger in writing. . �
<br /> 7. P�rotectioa d l.ender's Rig6ts io the Properly. if Borrower fails to perform ihe covc�nts and agreements --.
<br /> -- cauained in this Security In.cuumem. pr there is a tegal ptoeeeding d�ut may significantly affect l.ender's rights in the �_'=�_
<br />__ � Pruporty(such as a proceeding iii banknrptcy,probate.for condemnation ar forfehune or to e�'otre laws or rrgulations).then �'`�; -
<br /> Lender may do and pay for whatever�S neceswuy to pmtect tde vatue of the Ptoperty aad Lender's rigi�ts in the Pmperty. -�.��--
<br /> l.endet�actions ma include bY P ri Y PP� S �'�'�-
<br /> y paying any sums secured u lien which has riori over this Serurit tustrumen�a n �s��
<br /> '" �� - in cou�t.PaYing rea�onable attomeys fees and entering on the Pivperty oo mafce mpain.Although Lertder may take action � ,Y'.':
<br /> under this paiagraph 7.i.ender daes mt have w do Ro. �:-A*..�r,:
<br /> Any amouats disbuzsed by l.ender under this paragraph 7 shail become add�tional debt af Hortawef secured hy d�is �:``��,;
<br /> _ Seenrity lnstr4men� Unless Borrower and L.ender agree to other termc of paymen�thc'se amdunts shaU bear intenest from 1he ' ,a'•:�'r;'
<br />- date of disbutsemem at the Note rate and shalF be payuble.with inter�es�.upon aotice from t:ender W Bomuwer tequegting . - .
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<br /> •.,a�;.# 8. Mortgage Insnranc� tf l.ender required mortgage iasnrance as a ronAitiart af makiog the loa�r�ecured by this _
<br />- .�•,.� � Security Insttumen�Borrnwer sfiall p�y Ifie pnemiums required to rtu�intain the mortgage insurance in effect. If.for any �
<br />- °r nacon. the martgage insur.uroe rnverage required by I.ertdcr lap�es or ccau�to be in effect. Bomower shali pay the .
<br /> � . pcemiums required to obtain coverage wbstantiapy eyuivatent to 1he mortgage in.rurance previoacty in effec�at,a cort '
<br /> �- � •,�.. substantialiy equivalent ta thc cort to Bormwer oi the mortsage insuranoe previouxiy in effect.fram an aftemate mortgage - °
<br /> �� � iacumr appcnved by l.ender. lf substantialty equivaknt moRgnge invurance co�erage ix nai uvailttble.Borrnwer.rhall pay to • �
<br /> .,.�:,'="- LerWer eacb manth a wm eyual to one-iwelith of ihe yearl�mo»gagc insurnnce prcmlum being paid by Borrower when the - -_ _
<br /> �t.�=`�''. insurance coverage lap.sed ar ceated ta be in eifect. Lertder will acrep�use and retain thr+e pay�sients as a loss reserve in lieu
<br /> .�s,..:� of mortgage insucance. Los.y reserve paymenG�may na tonger be reyuired.At the opti�n oi Lender.if mortg�ge insurarnx ° ,
<br /> �.;' ._-; caverage(in ehe ar�tount and for the period that Lcnder mquires)Provickd tsy an insurer nppraved by Lerxler again becames
<br /> "' available and is obtained.Botrower shall pay the premium�:rcquired to maintain mort�e in.urapce in effec�or ta pravide a
<br /> - '"` , • . loss reserve.until the requirement for moRgage inwronre ends in uccardsuue wi�h any written agreement betwee�Bamnwer ' '
<br /> ',. :,; .,and Lerxfer or applicable law.
<br /> -• 9 Iaspectlon. l.ender or i�g agem may.makc rp:�vanahle entde�r upero su�d impcctions of the 1'ropeny. •Lcnd►�r shal! °
<br /> •��-'��. , give Bormwet nntice nt tbe time of ar p{ior to nn ir�pection specifying rea.uirwf�le��swe for the intipection. • - ,
<br /> '�`.'��� •� 10 Condemaatlon. The pra�eedy of any award or cls�im for damages.dircc�ar cois!�eyuential.in connection with any -
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