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<br /> p�m�t t.�der requms. nx ms�`�a�e cazsier p�v�ding�;nw�x suan`be a�n by eomower sub;e«co 4�ders .
<br /> - � , app[oval w6afi stqti rpt bt uaneawQaM9 WithLeW. Q BonaNret fails w main�sin covttgge daca'bed above>`L.ender may.at .
<br /> - - - I,eadet a6lain oo�er�ge m proteetLeader's rights in die Property in�corda�cc witt�paragraDh 7. . _
<br /> -_� Ali�poiities and renewais shalt be aos�ptabk to Lendei and shaU inctude a startd�rd moitgage cfiai�se. Lender , --
<br /> _= �,� , slrell T►ave the dght to hotd�the policics aM�enewais. ff L.e�der requines.�3onow�er shati pmmPtty gire co L.rnder all receipts � �—
<br /> - - , of paid pirmivms and n�newat nnaces. M thc era►t of lo�.Bortower shall give proinpt notire to�insuiance catrier�d - --
<br /> -- - La�dei Lender mry maice prdof.af tass t�not m�e-prony�tili�Y�= ° � • � ` �-z
<br /> Ua�!eoder an�Barruar�atl�erv��ise�er m emtirtg.in�rance ptoceeds�sdall�be appticd to.n�toYation or rep�ir of �.� ��-
<br /> �� �he Prupeity danaged: if the`r�ati�ar iepair is ecanomicalty feasi�te artd t.etid�er�security is aat lessened. If the : , �
<br /> rsstroratiao or repair�s not econo�ly feasi'bte or I�'s seAUity woutd be lessenecl.the insurence procceds shali be Fo-^-f�'_�-.
<br /> , � app�ta eht sumq secured 6y tl�s Securit,v fnstnm�ent,whether or�t ttc�a d�e�witlt any eacess paid to Bor4ower. If �u��='��Y°
<br /> �`r_''. Batiower abando�s ihe Ptope�ty.or�does not mnwer witytia 30 days a notice from txnder that d�e inafrance cacda Ir�s . _ --� . •_-
<br /> - - 4��-�- �� � i c s.�..,..,�T
<br /> - - offeted to seuk a daim.tt�en i.ender ritay coltcct tM' Lender may Qse the to r or aestore � , :;�-<:.a=��
<br /> °�-=� ' ihe ptopeny or w pay sums secut�d by this�ocarity lnsa�at,wl�he�'or nat tl�t due_ 17ie 30�day period Wrilt 6egin�hen . • -�`�'Y-_
<br /> ,;��: .. `:� . :.�.... _
<br />'. ,�" `�;� d�e aoticp is given. . . ` ..'"
<br /> _ .Unless Ixnder and Romnwet qtberwise aSree in writirig,any applic:uion of pmceeds to,priucipal shalt not ex�ertd or .�;;�._.:.,ri-
<br /> _�„, _.�.�. • `�'�'�==
<br /> :��i`� ��`` postpnae dte duC daze bf tbe momhlY PaY[�S r�fs�to in p�agtaphs!and 2 or chang�the�nwmt of the payments. If . ,.:,,_,
<br /> . � �.• �r.-ns--
<br />,� � �..x�`i�:.�_ under paragrapl�21 t!�Propetty is acquiied by l.epde�Borrowec's right to any inswrance palicie.s aad prooeedc iesvlting . -.� _
<br /> ,--�A��J fim�n dama�e to ttie Ptope�ty prior io tNe xqwsition shaU pass to Lender to the extent of ttte swnc s�erumd by this Securiry ,
<br /> • .s - � tn�nt�mtnediat�y prior w tbe acquisitiar� • � . �
<br /> . �,�` � "Y�r f� pcWps�y, p�tioo�. M�oit�noe and f*rateetion, ot tLe YropeFty:'8osrowes's Loan App6cation; ��=..
<br /> _ ��u=#-'''s': - . . _
<br />_ - .t . . _ L�e6old.s. Bormwer shalt accupy.establish.and'use,the Rtopetcy as Bort+awers priitcipa!r�idence wit�iin sisty days after -
<br />:_� '• ;._::�_�L..: the ezecutian of this Seturity Insuument and shall contin�ta occupy the Ptopetty m Borrower's principal residence for at _
<br />, • '=<°.��- � least one year after the date of o�cupatxy. untess'Lxnder dherwise agre�es in aziting, which consem sha}1 rrot be _�. ;��
<br /> �y::����,:_�,,.�, •� . -
<br /> :-� =µ.:..:,;-��'� :-.: unreasa�ably wit�iheld,et miless estenuating cincuins�es exist uhich ar�beyoad Borrower's corttr+nl..Borrower,shall not ' .�� ;
<br /> : . denroy.damage or impair t!�ptoperty.allow tlie Ptopetiy ta deteriornte,or commit waste on the Pmperty. �orrower shall
<br /> ' -_ . . � be in default if any forfeitut+e action or proc�erding,whether civil or criminal,is begw�that in l.eader s good faith judgment
<br /> .'_. - � c.uuW tesult_iuforfeiiune Of t1te.Ptoperty ar nthrnvise_materially impair the_Uen created by this Security In.situment or :,. �
<br /> _ -� . .,.�_. -
<br /> -- - - • , • Ixnder's seivriry imetrst. Bomower may cure sech a defauh and reiastate.as provided in patagraph i8.by causing the action ------ ,-
<br /> � � or pmceeding to be'dismissed witb a tuling that.in l.cnder's good faith detertninat�on.prectudes forfeiture of tke Bormwer's . .
<br />-. " . . .. " ' ' intec+�st'in tbe ptdperty or other material impairment of the tien created by this Secnrity.Instn�fihent or l.ender's securiry .
<br />: , - `. . . = imenest Bortower shaA also be in default if Barrower. during the Ioan appiication process. gxve mauriaUy false or . - --- ..
<br /> , � , inaccurat�infom�ation or statemen[s tol.ender for failed ta provide Lender wiih any materiaf informatiuq►l ia connectioa wiih ---._-"-
<br /> ' ' . • • � the loan evicfenced by the Nate.including,but not Gmited to. representatioas conceming Bornower3 occupancy of[he
<br /> % = -�: . Property as a prituipal[esidetice. lf this Security In-urument is oa a le�sehold.Borrower shall comply with all the provisions , .
<br /> ` _ of the lease. ff Borruwer ac�juires fee atle to the Property.the teasehold and thc fee title shall not merge unless l.ender agrees
<br /> - '_ � to tlre merget ia wtiting. . . - .
<br /> - � � •'. � Pratectioo ot l.eader's Rights in the Property. If Barcower fails to perform the tovenantc and agceements "
<br /> �--- .. _ - . -'� . c� in this Secnrity Tnstromen�ar ttiere is a Ieg,al proceeiiing that may Wgrtificuntly affect l.ender:s right� in the - -__.�...._.__
<br />' _ ' Property(such as a proceeding in bankruptcy.pnabate,for condemnation ar forkiture or to enfarce laws or regulatiom),then �
<br />_ � ' txt►der may do and pay for whatever ix�necetiwry to protect the vAlae of the Property and Lender's rightc in the Property. � � ,
<br />- � I,endcr's actioris may include pc+ying any aum+tiecured by a lien which hati priority aver this Security Imtrument.appearirtg �.
<br /> - - � _� _- - in coun.paying reasanable attomey�feeti and�ntering on the Pmpeny ta make rep�in.Although Lender may tatce action . t_ .......__
<br /> � - . �. . under this paragaph'7.l.ei►der daw rtot have to da so. _ � -
<br /> � � Any amouatc dizbursed by Lendcr under this patagraph 7�hall becomc additional dcbt af Borrower secured by �his �'
<br /> _�.' � ° • . Security InslrumenG Unlcss 8orrowcr and l.ender agree to othcr tcrtn��f payment.thesc amoun�.zhall l�r intcrest from the � .
<br />::�,. �. � .� date of disbur.seis�ent at the lYate rate and�hall he payable.�vith intcres�upan natice 1'rom Lcnder to Borrawer reyuc�ting :
<br /> - • . PaYment. ' .
<br /> , . ' � ' 8. Mor4gAge lasurance. lf Lencier rcyuird mort�ge in.rurunre a.c a conditian of making the laan�ecured by thi�: �'� - • �-�-
<br /> �- '• -�- --. :--•°= ... - Securiry In�n� Borrower sh�l1 pay the premium+reyuired ta maintain thc mon�e insurance in effect., If.far any '
<br /> '• • '" �. mason.the�mongage ia�urance coverage reyuircd by L.ender lapseti or ccu�es ta t+e in effecti. Borrowcr shall pay the •� _
<br /> ., • premiums reguired to oMain coverage xutntantially cyuivalent to the mo»�:sige ia,unu►ce previ�u�ly in effec� at a catt .. �
<br /> • . substantiisiity eyuivalent to the co�t ta Hnnawcr af thc mang:+gc imsurance previously in effec�frrnn an altemate mo»Sage . � .
<br /> -� -� - ��� - �-�� iasurer appmved by L�mder. !f�ut�Wntially eyuivalent mortgage iatiutance roveragc is not availahle.&+trowcr�hal1 pay to �.�� , _. .
<br /> _ • ' Lender each monlh a sum cyual to one-twclfth af thc yearly morlgugc imuranrc premium heipg paid by Boirowcr when thc , {._ . �
<br /> . ..� . ' � ., � ._: ..<.._.._
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<br /> _ �y... ' in�urnnce coverage lapsed or cea.red to be in eifecl. Lender wi!!acc��t.u.e uiui rctain thc.e payment+ay a lors retierve in lieu .
<br /> ' , ' . . ot mortgage in.wrrttcr. l.o+s m5ervc paymeni�may no lans�r br rcyuircd,ut thc�+ptiun�►f Lcmlcr,if ma»gagc inwrancc t.
<br /> ::-.,� - . coverage(in the sunount and far the period that Lendcr require�)pn►vide�l by an in.wrcr ap�raved h��l.eader:�ain becames �
<br /> ° �.+� ' uvaitable and is obtained.Borrawer tihaYl pay the premiumti reyuimd to muintain mortgage insurance in eff��ct,c�r t��pruvide a �
<br /> .- - -. . _..:..
<br /> � � ���� �-� '��- toks reserve,until the�+cyuir�ement fi�r martgage in.ursirtce ertd�in ucc��rdance�vith any written�grecment betwcen Bvm�wrr � •
<br />- - " _ . -- - . and Lender or gpplicuble law. �• . . . �� _
<br /> �- •
<br />=-.� . A,'_ , 9. lnspecNon. l.ender c�r itx agcm may make rca..onabtc cntric.upnn and in�pertinn�of thc Property. Lender.haU �•
<br />- . . � , give Bort�wer noticc At the time of ur priin to:u�inspcctian specifyinLe re�wnubfc cau.e fot thc in�pectinn.
<br />��F• ' , ' 10. Ca�dem�wtion. The pa�ceed�of arry�ward or cl:um fur dam•rges.direct rn cunu�yuentia�.in connecti�n with any � _�
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