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<br /> _ � � tl�t 1�e+�der raN�re�. 7'�t it�aa�c�iiriec Fcrnr,idmE tt�t itwaana shaU!te Chosen by Boriowe*subject to Lsndesl�'—�
<br /> � �� �ich slql!not Be aare��aoaMY�id. If Banowet,fails W awntain coSt4ra�c ciescri6ed above.Leodef�M7►.� � .
<br /> ` f,e�nd�optioo.obninrore�e to potect I.a�der's rigi�ts in d�e P�upe�tY in accocd�Ci a+iti�p�ragrap6 7. `
<br /> -- - - - A!i inswana�lic�sed�++ai�s1iaR bo sooepable m L�eaader and stull incIqde a staPd�_+�8a8e clause. Lender
<br /> shait havt die dgUt to lald 1hc polir+es aud�entwals.If Le�er re�uites.'Boriower si�it P�P�Y S�to Lender t�iil screipts - �
<br /> �P�P����otices. in the event of toss,Bcx:ui�rer sball give.PromCx notice w the uisuFanc+e curier ond
<br /> �.a�dec. Leoder may maice p�ooP of loss if r.ot m�de pru�nP�Y bX Bomnwer. <
<br /> shall Be applied to nesiaation a�u of
<br /> - �_, Uakss I.enda and Ba�mxmr asherwise ag�oe ia wiiring.iasu�,bP��i ende�r's sec�uitSr is not ic�. If the
<br /> . . �_ �p�Y d�+if the restoration or�pair is eco�wmxallY,
<br /> n�stur�tioo ar repai�u uot eoonomicalIY feasibk a Lender's secuncy wautd be ksset�ed:�tix insurance proc�ds shaU 6e
<br /> applied ta the sums secund by this Se�aitY tnsuame°►.whed�er or not thea due,with eny ezcess p�id to Bormwer. If
<br /> Bo�nwa abandons the Pmperty.or does�wt answer wnhin 30 days a anticc fmm Lender t1�at the insurance carrier has
<br /> offered W seuk a claim,then Lender msy t�,�the insurance P�ocads. I.en�kr may use the g[oceeds to iepair or ncsto�e
<br /> tde Pcoperty ar to pry wuns secure�by this Savaty lnstrument,whettx�a na then due. TThee 30-day Qeiiad will6egin wt�► �
<br /> � tbe mtice is�ivea. of �p��pai shaU not extend or -
<br /> -- _ Untte.uu l.a�der au�d Borroiver otherwise af,�te ur writin8,�Y�� P� �
<br /> - n t and 2 or chat�ge thc a�nout�t af the payme�ts. �f
<br /> � postpone the due date of the monthtY Pal!ments refemed ta in pacaBraPhs resul6n `�
<br /> u��C p�e�,.�pt�2�the ptapeny is a�W�by l,ender.Boaower's right to aRy insur.u�ce policies and pmc� 8
<br /> °1 �o�e xquicitiort shal!pacs to Lender to tGe eacent of the swns secu�d by this SuuritY
<br /> - fmm danai8e to the'FropeitY_priot
<br />— Inswmeat inanediatetY Prior�to tbe acquisitian. -
<br /> . • f. Occap�c9.��O°+M�intee�nce and Protection of tl�e Properly; Batrower's Laa�n Appllcstloi�,
<br /> ` i.�elwids. Boimwer st�ll aecupy.esia6lisb,and nse the��q�ertY as Bocr°wer's pnncipat zfesidence within sixty days after ,
<br /> fh�eze�eeutia�of this SoauitY Iaswrt�esu ard shall continue w occuPY ihe pnaP�rtY as Barawer s pri,ncipai iesidence far at
<br /> 1� � lr�:•.eae yar after the d�te"of accnpancy..unless Les�der otherwise agcees in wriiing, wtiich coasent shall nut be
<br /> ��Y�q����ing cucumstances txist which�e beyond Borrower's conuol. Borto�wa�sha11�1
<br /> -- �S��,�•�P���'°P�RY+alio�!'�he PropettY to deteriotate.ar cominit waste on.the Prope�ty.
<br /> -_ 6r'vi default i€�iy forfeittme aaron a p�a�8•whether c►v�or cranirs?,is begun thaz in Lender's good faith J�&���
<br />=_= c+o�¢resah in forfeitnce of the Propett�'ar utt�wise ri�erially impais� lien created by this Securiry Insuament or
<br /> t�
<br /> Li�nder's security inteast. Ba:mwer may ca�sach a deCar��d reinstate zs provided i�paraSraPb I8.by causing the action
<br />_"�r:�. .. ..ar`ptoc.ading ta ba dism�sse�wnh a rulin ti�t,in��goad faith dztr.r.ml�ti�S��l B° �S
<br />—.-. ----- kc_ ' lastnf ineqt o�Lender's�securicy . _ --
<br /> 8
<br /> interactin t�e Fropetty_or athermatcriaf init�aic+�xnt�- ticn ct�_•by �1se or . -
<br /> _- interest Borrowec shall also 6e in default.� Borrdwer. dannS�he ioari applicaliuu prxess, g�ve matece�IlY .--. .
<br /> � � ir;a�ccnrate information or statements to Lenikr(or failed to pvavide Lender witb aay material infartnation)in connection with .
<br /> . tiie loan evidenced by the Note, including, but not limited to. repcesentations cone�ming Bormwer's occupamy of the
<br /> � �. ' as a principal residence. If this Security lnsuument is on a lease6otd,Borrower shali compiy with aQ the pravisions
<br /> � o thef�. If Aarrswer acquues fee title to the PrupertY.the leaseho�d and the fee title shall not merge untess I.ender'agnees
<br />` ' to the merger in writing. �� �f go�wer fails to rfortn tfie cova�ants and agreements �
<br />. r'i.
<br /> ,,, ;, 7. Protedioa d Lender's Rights i�the Property. Fe .
<br /> "'{"�' m that may si ificanti affecE i.ender's rlghts in the �
<br /> . c�ntained in this Securiry Instrument,or tliere is a tegal proceed' g 8� Y
<br /> cn
<br />� _ p�nperty(such ag a proceeding in banlcruptcy.probate.for condemnatian or forfeiture or to eaforce laws or regulatians),t
<br />�� iiessder may do and pay for whatever is necessary to pmtert tfie value of the Property aiid LenQer's rights ia the_�y�.
<br />' ��S��5�able anome saf�s�nd nten g n then wProperty to Pmake rePaisst,�tt ou�nder may take actron
<br /> in murt.PaYmS Y s n
<br />• under this paragrapb 7.Lender dces not havc w do so.
<br /> Any amounts disbutsed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> �date of disbursem nt at the���rate and h Il�be p�bte,twithin ere tPupo�n n�otice from Lender�t�Borcowe�r rec;uesting
<br /> � ' payment. � •
<br /> g M�g�g��nsu��nca if i.en�er Yequired mortgage insuranceati a condiGon oi making thc tam secured by this
<br /> Sec�rity Inshument.Bonower sha(1 pay the premiums required ta mai^wain the martgage insuranee in effec� If.far any
<br /> reason, the mortgage insurance coverage requ�reA by L.ender lapsec fl� ce�au� to be in effecl. 8orrower shali pay the
<br /> e•
<br /> � premiums required to obtain coverase subslantially equivAlent ta �he mangage ia�urance previautty in effec�at a cost
<br />� xubstantiaUy eyuivatent to the cos�t to Barrower of the mortgagc insurance previou�ly in effect.fram�an altemate martgage
<br /> insurer approved by I.ender. IP substantially equivalent mortgage ins�.sice cavcragc�s not available.Borrower shall paY�o
<br /> l.ender each month a sum equal to ane-taetBth of the yearly mo�gage cz�s�sance premium being paid by BoRawer when the
<br />� � insurance coverage lapsed or ceayed to be in effect. Lender will accep�.�.e and retam these paymenxw as a loss reserve in lieu
<br /> ' �f mortgage insuranct. Lcxs re.verve payments may no longer he required.nt the optian af Lender.if mortgage insutance
<br /> roverage(in the amount aa�`t`�.a the period that l.endee raquires)provisied by an i�n�u:�r approved by Lender agairt becomes
<br /> ' available and is obtained.B�'6wer shall pay the prem'rt:�s rcyuimd to maintain m�r,�aac�n�urnnce in effecG or ta provide a ,
<br /> � • ioss reserve,until the requirement fur rno�[�e insur.�nee ends in uccardance with any wriuen agr�er�tent t�eiween Hnrtower
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<br /> ' . 9. lnspectbn. Lender ar itti agent may makc reason�6ic cntri:.+r:��n ana inspections��f�he�'ropeny: i-����a;�
<br /> " � gi�ve Borrower notice at ihe time of or prior ta�n inspection�pecifying r:�+ouabte cau�e for�he inspection.
<br /> : 10. Condemnption. Thc prareds oi Any award or rlaim for damagc..dire�t or conscquential.in cannectinn wilh�ny
<br /> ' Singlr Faiuily..Fannk�iaelireddk�iac L'�IiURSf 1�STRl,'�1F:�T--L'nifurm co�cn:uuv 91� (prtxe 3�jb�nicc�i
<br /> , • U�.rt ldey Bu+!nnw Pann,inr./
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