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<br /> _ `' , �.pqiods ehit Isnder rtquioes. The id�uanoe eairier p�anndm�the�iin�u�oce sl�all 6e choseo bY Bo�o�rer s�.leex b Iandes?s . ' ' _
<br /> �pQtwd wbich sh�ll not be uaeasa�n�tY with�ld, If Bartower f�ils ta;�aiinqin coYaage described abor�.L�ender may:at <
<br /> i,ender�s optloo.obtain oo�ieng,e w pcorect Laider's rigbts ia tbe Propaty in�cc�ordm�e widt p�rapb 7. � f�`
<br /> - -- --. �1�!!.�policees emd trne�va�s.ahatl be aoappWe to iaedeF srld.shal�ittcltde a sW�d�itd mo�t�t Slw.se. Lender '
<br /> ' sl�tl bsve the ri�w hotd d�e poliaes and�wals. 1f I.aider ze4ujrss.Bortav��r sivll pmmpiy give to Lender ali�eceipts ,
<br /> of p�id pemioms sod ieaewal aotioe� In�he event of loss.Bonuwer shall give p[ompt notice to t6e insarance can4cr sed .
<br /> Lender.Lenaer msY mat�e P'naf�of tass if not iaade prumt!uY�Y��'ec.
<br /> � shap be �ed to mswratian ot t�ep�ir`af
<br /> ' Unkss l.aode��od Ba�ower otherwise a8�ee iu�v�rit�n8•tt��P►�'� � . <
<br /> � � the ptoperty damsged. if the testaatian ai tepair is a�o�wmicaUy�iAie and LsndeFs sec�nty is not tesseiKd. t€9tie
<br /> � mstaratioa or�epair is noE ecaoomic�lly fe�'bie or Leodcr�sonuity;woutd.be tes�ened,tlie insut�oce poca�ds shall 6e
<br /> applied to.th�suans see�ed by thi.c Secuiiry tnsmunent,w�etties or not d�en du�wi�h an�r excess p�id to 8amwa (f• _
<br /> Bamwer abandaus the Ptoperty,a does not aatiwer witiun 30 days a notice fmm Lendrr that ihe inauanca c�rrier has
<br /> offeaod w settk a cl�irn.theo Lendet mxy colket the utwn�nce pcoceeds• 1.ender may t�st the proceedc to e�epair uF testae
<br /> ' . tbe Ptoperty a�to pay sams secu�ed by tLis Secariry InstnmKnt,wl�ethe[�arnot tl�rn dae. 'tIK 30�day period an'tl begu�whea
<br /> the notice is given. ,
<br /> - -.Unless I�rnder a�d Bamawer othetwite agne m wriring.any application af pcocoeds to principal shall not extead or
<br />== postpode the due date nf ttie mu+uhty paymeats cefeaed[a irt puagriphs 1 and 2 ar ch�sge tl�e�t af tlee paynxnts. if.
<br />=� under pa�giaph 21 the Property is acq�ited bY Lender.Aorrowers tig6t w any it�wtarx�pulicies�td proceeds tesuitmg•
<br /> �,,, fcom d�mage to the Ptoperty prior to tLe acquisi6or►shaU pus to Lender m the extrnt of the smns sa�vrM by this Socmity
<br /> m tbc a�o�tiaa.
<br /> f= ;Ooe�yPr��aesvaC�aa� Msidea�e aud Protectio� at tbe Property, Baer'a�►er's I.a�o Application;: • .
<br />;_-;_�: • I.aserolds. Bormwer,s6ai!occopy.estaMish,and use the Property as Barower's princiPal rssicknce within sixry diys after_ .:
<br /> _ 'tUe esecutiai►of t6is SecoaLL�l�ent aad sbail continae to axupy Ihe PtupeAy as Bormwa�princip�ee�dence far at �`.
<br /> - last ou� Yeu afur tbe.date af o�cup�ncy. rmlrss t.ender�ottje�unse ag�ees ia writinpe, wfiich canss�E slu�tl not 6c
<br /> - �smablY witt�held.ar miTess exmuuating cacimutanees esist which are 6�.ya�d Soriower's canaoL Borrowrr shall nai•
<br />--.'' deshoy.damsSe ar imPoir dK Ptnpe�tY•allow the Ptupe�ty tu deteria�te.or cammit wzue aa tLe Pmperty. Somnwer shali,
<br />-`:?%- 6e in default if arry farfriw�e xtioa.ae pc000eding,whetl���r civil ar criminal.is begim thu in L�k good faith 1�8�"�
<br /> coWd rcsuit in forfeinu�e of the Ropertp a ott�v�-ise materialIy impair the lirn cneated by this�Security 1nst�ument�vr
<br /> � l.axler's secuptY interest. Borrower may cune s�rch a defautt�nd mins�ate.as provided in�ph 18.by cavsing the actlon
<br /> -, or prvoee�ag to 6e dismis.�witi�a ruling that.ef#.+ender's good faith dete�miaacioa.p�ec�farfeitune nf the Borrower_s .
<br /> ' . — �rest in u'�Roperi3i-or-atf�ec iaatcriat-impai�t of�lee-lie�i c�eated bY-this��ity Instrument or_f.eaders security_ _ -__
<br /> ._ � ._ '
<br /> - - - ' s. ve ma[eriatt faise_� - - --- --
<br /> mterest. Boitocver sba11 also be iri de3auif if Borrowet.-dutiag tlr�imn appircatton Proces -�! Y
<br /> inaccurate infom�atiari or statemenu to Lender(or faited w provide I.eader with any materia!infom�at�ore)in connectiai vEath�
<br /> ` the loan evidenced by fie Nae.includiag.but not limited to. representations conceming Bomnacr's occupancy af the
<br /> '� pt,apeny as a principa!e�dence. If this Securiry Instrument is on a feasehold.Somawer shall comply with aU the provisions
<br /> of the lease. If Borroa��er acquires fee fide to the Property,the leasehold and the fee titte shaU not merge unless Lender agtees , .
<br /> ' to the mer�er ia writing. �'� "
<br /> ` T. Pnotectio�of Leadp''s 1t�its in tbe Property. if Borrower fails to perform tFr:.cuvenants and agree�'
<br />- consained.in�sis Secnrity Insuument,or thec�e is a kgai-proceed�ng that may sign�ficantF�::�°ct Lender�s rights in`�:. �
<br /> , property IsIICl�as a proceealing in banh�uptcy.probate.for condemnation or fo r feiture or to e i�s�laws or n e e u la t i a qs).t h�n =_
<br /> � l,ender may do and pay for wnatevec is necessary t�s pmtect the vaiue of the Praperry and Lei�ter's rights�m ihe Pnape�ty. _
<br /> . l,ender�s actians may iacWde paying any sums secu�-�d by a lien w h i c h h ac priority aver this Secttri ty Ins�trar�nA a p p e a n n g -"-
<br /> • .` in cairt,paying reasonable attomeys fees and entering on the F�o�-►eacr to mal:e repairs.Aithough Lender may take act%�n �-
<br /> ' undei this paragraph 7.Lenderdaes noi�ave to do so. � ��=
<br /> 3 Any amounts di.�bursed lry Lender under[his paragraph 7 sGalt txcome aci�litional debt of Borrower secured by t��� � "'
<br /> Secu r i t y tnctnrrt�ent Unless Bamna�er and l.ender apree to other termc af pay�et�thetie amaunts shall bear interest from the E;n.....}
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<br /> . date af desbursement at ehe vote rare and shall Ue payahle.with in[ereit.upasa��ce fro�n l.e n d et to Borrower reque s t ia� . �'�-.,.
<br /> PaY��- � e �•=.�._
<br />' & Mortgs�e In�r�ca if t.e�r required martg�e insurancc as a condi6on of m�(.-ina the loan secumd by this � . �, .
<br />� Suurity Imcrument,Borrower shali�3�the premium.�rec{uired ta maintain thc mortgagc in.urance in effect. If.for ao� ' -'�
<br /> � . reason, the mortg�e insura�xe caverage reyuucd by 4ender lap� ar cea+es co be in ei1fect. Borrawer s:ha11 pay tF;� ' _
<br /> premiums cequired to obtain cavc�e substantially cyuivatent to the mortgagc in�urarnc previously in'effecb at a cas� ,
<br /> sabstantiatly equivalent to the cost to Borrawer af the maAgage insurance prevwusty in effect.from an alt�r�e martgage
<br /> ' ,: ;� insurer appcaved by Lender. If�ubsiantially eyuivalent mong�e in.rurance co�•erage iti n�►t available.Barrowc�e shall pay to �
<br /> Lendcr qch monih a cum equal to onc-taelfth of�he yearly mortgage in.wrance premium being paid by Barraw•er when tEie - :"
<br /> , insuranCe coverage iapstd ar ceased to t+e in effect. l.ender will acee�x.u�e and retain these paymen��as a loss re�erve in 8¢e� :�;�,•
<br />- _ o€rtwrtgagc insurar�ce. L.ocs reserve paymcnty may na longcr t+e rcquireJ.at thc option of Lendcr.if mortgage in�urarcc� � _'
<br /> � �� coverage lin the amount and for thc pcnod that l.ender requires)provided hy an in.urer appmved by Lcnder again becomes
<br /> _ . �, av�ilable and is otNaitKd.Barrowrr+hall pay the pcemiumy rcyuimd to mainta�n mangage intiurance in effect,ar to providc a �
<br /> focs resene.umil ihe requimmem far inongage insurancc cnd�in acc�rdanre tivi�h uny��rittti�n agrcemem t+etwecn Bc�rmwcr
<br /> - and L,ender or applicable law. .
<br /> - -- g lnspection. l.ender or itc aficnt may makr re�.nanahle cmrie�cr�n:md inc�ciiun.uP�irr Puqxny. Ixnder SIt:►ll (
<br /> ' . � " givc Bnrmwcr notice at the time nf ur pnor t�+an in.pectiun�pccifying rca�nnablc cawr fnr thc in�pcctian.
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<br /> i� . 10 Candemeation. Tht pakeed.of any attxrd iu claim fnr damage•.dimct ur cnmryurnlial.in cunnectinn tvith any
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