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<br /> � �rhich�IWI aot be o�oo�bIy wit6�hetd. If Bamnwu faits to tmaintain covatagt describod abtive. [snder'tnaY.at Lender's�
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<br /> _ _._ .. .._ - --- �.� in aca�tdsnce wjti� Q? ` .
<br /> ��; -� ,srigins' F�opetty pas�gr�g - .� �- --=--,:: ----�- - - - -- —-
<br /> A!1 i�nox policia�od ieoew�Ts sh911'be�ocept�bk ta l.oader aad st�ii inctud�a st�ndacd martgage ct�s�.�t.ender
<br /> a�ll have t6e egLt to iatd the policks�nd reaew�ls.If I.endei nquires,Bonawer shall Piomptty Biv�to Laader 9U reeeipts of
<br /> paid pamtum�aod�ral�s,tq ihc�vent of loss,Bocmwer shzll give prompt notice to the ir����arrrier aad 1.ender..
<br /> _ Gender nny mdc�p�oof af ioss.if not made P�t1Y bY Borruwu. `
<br /> Unkss Lwder aad Bo�ocyer otherwise�gm in writing,iasarance pmceeds sh�1t be yppliod to n.uo�ation or cepair of the � �
<br /> - pmpesty dm�ged,it t6e e�storation or R�air is xonomic�y fe�'bte and LetdePs seairity is not l�csaood.If tGe nstorrtion or .
<br /> _ npir is not eanaoniicalty feas�le or lencler's security wne1Q be lesseaal,the insunooe p�nceeds sl�ll be applied to the sum�
<br />-- . , aocutnd by this Savrity�umea�t, whetlier or not thai du� wiW aay ea�oass ptid to Bormwer. If Bomawet�banda�s tbe
<br />_ �y,����rn within 3p dsys�notioe fmm Lerder tbat t6e insuraaa camer has offered to seuIe a claim,t6m . .
<br /> — - � . lJeader may eollax the inauanoe p�ocads. [.eader may use tUe pcaoads ta iepair ar.t�esmrc tbe Pmpecty or to psy sams , ,
<br /> ~ secuted by d�is Savrity In�nupait+whethtr or�ot then dwe.'ibe 30-day periad wiU begin when tti�notioe is givea.
<br /> �';' UNesc Lgader and Bortu�a otbecwise agaee in cvriting, �y application of pmcads w principal shal� noc extead or
<br /> 4�, postpone tbe doe date of tLe mo�WY[�Y�referred to in paragnptss t and 2 at cdange tlre aamuist of ike paymmts. ff -------—
<br /> _ uMer par�ph Zl the Property is acquiied blr[ender;Burrower's right w any insurana poticies�d pr000eds re.wlting fmm ,
<br />- ,_� damage m the Pmperty Qrioc to th�acquisitiaa shall puc to Lender to the exteat of the sams sewmd by this Savrlt}►In�
<br /> - ' itnn�odi�tely prior m tve acquisitioa.
<br /> �;J,:� f.Onctp�ys�.MaVt�oe flad Pr�ata�tTan ol tbe Pt+opa ty,Boranwee''s I�aia Appliptbn:I.ea�oid�.
<br /> Bortewer stwit axapy,establish,aad use the Ptapecty as Borrower s principal residence Withm sn�ty days,after the exeeutioa of
<br /> t6ia Sea�dty Instnuneat and s6aU coatinae to occupy the P�npeity as Bomower's priacipal.resideaoe for at Ieast oae yair after
<br />_ ' � the date of aavp�u�cy,unless I.ender od�ec�i.s�e agnees in writiag.wt�ich coaseat shall not be unroasonably witl�held.or unless
<br />- . � exteauating ci�taooes ex'sst wiudf are heyoad Bonawer's codtrol. Borro�er s6a11 not destroy, damaSe or impair ttie �:�
<br /> - _ � . pmpaty,atinw the Pruperty to deteriorace,or commit waste`on the Pc�pe�ty. Bo�ower shall be in defaalt if any forfeiUue �:;.�=-
<br /> action or proceoding,whether civi7 or criminat,is 6egun that in Lender's. � faith' t could�resWt ln fosfeitarc of the �'"''�
<br /> a"� 1� �_:`
<br /> •. . Property or otbe�a-ise mazerialiy impair the iuen created by this Socurity��:suament or I.ender's secvtiry interest.Borrowct maY ��
<br /> ,;' cune such a defaalt and reiast�t�as pm�d in t�B�Ph 18,6y causing tl�e actiaa or�..*nceediag to 6e dismissod with s►mfiag E;�:F:�;__
<br /> �� • ,F that. in Lender's good faith.�a�.Prectudes forfeiture of the_Borrower's s�t in the Property ar other material �r�:
<br /> ' , impatmxnt of tLe lien cneace+��Sy,tliis Secuaity Instrument or Lender's�curity interest.Borrower sttall also be in default if �"""`=`
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<br /> Borrower,during tbe taan appFication pma�;gave materiaily fatse or inaccurate infam�ation or statetnents to I�ider(or fu'lal �,•-�-
<br /> w p�uvide I.eade�arith u�material infornoation)in connection with the luan evidenced by tf�e Note,including.but not limited �'f:::
<br /> . to,repnsent�tions concerni�g Borrower's occapancy of the Prope�ty as a priucipal nsidence.If this Socurity tnstrument is pn a e;,� --
<br /> , , , leace6old. Borrower s6a11 camply with all the provisions of the lease. If Borrower acquires fee tit2e to the property, tbe ��,�.-__
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<br /> - teaseiatd and the fa title shaU not merge unless l.ender a�zes to che rnerger in writ�g: ,•;��a�,�'
<br /> . �=. 7.P�nta�tion oi I.e�rder's Wghtg in tbe Propetty.if Botrower faits to perform the cavenants and agreements contained In �'`,:• •
<br /> n� this Savrity Insri'utneat,or there is a legal proceeding that may signifrcantly affect Lender s rights in the Properiy(such ag a 1 � __
<br /> proceediag in banlwpccy,probate,for condemnation or forfeiture or to enforce laws or regulations).then Lender may do and . - .
<br /> � ��"� for whatever js to rotoct the value of the Pro and L.ender's ri u in the pro Leader's actions ma ' �
<br /> PsY ��Y P Pert3+ P� P�KY• Y _ ��
<br /> - include paying aay suras secuted by a iien which has priariry aver this Securlry Instrument. ap�tear�ng in coutt. paying ' . � ,,`-
<br /> . �oaable sutoraeys'fces and entering on the Property to m�ice repairs.Although I.ender may take actian under this paragraph _ __
<br /> � ` 7,I.ender das not havc to do so. . �:��;:,;.=:,�-
<br /> . t` My amoonts dlsbursed by Lender under dtiis paragraPh 7 shall become additional debt af Borrower sewred by this �.. .. �°
<br /> Socurity tnstrument.Untess Borrower and Lendcr agree to othcr teams oi payment,these amounts shall bear interest from the � .., `_
<br /> date of disbursement at the Note rate and shall 6e payable. with interest. upan noti^.e from l.ender to Borrower requesting �' ;- ...�_�
<br /> ,•. .�_
<br /> ." payment. ��•.:
<br /> � _ S.Mat�e 1a�ar�o�s.If Lender required mortgage insurance as a conditia�of making the laan secumd by this Socuriry �.��=:..
<br />_ .. 1n4trament. Bomnwer shall�+ay the premiums requircd ta maintain the atortgage insurance in effed. lf. for any reason. the . � _ -
<br /> • = mortgage insurance coverage�t�ircd by Lcnder lapses or ceases ta be in effea.Boce�wer ah�ll pay the premiums required to ° • _
<br /> ' abtain coverage substantially equivalent to the moKgage insurance previousiy in effe�at a wst substantially equivaient to thc -';•';��; � •
<br /> � .. � �� oost to Horrowor of the mortgage jnsarance previousiy in eifect. fram an altcmate aaottgage insurer appro�ed by Lcnder. If � �
<br /> �tf;, substantially equivalent mortgage insuranoe coverage is not available.Horrower sha11 pay to Ler.��each month a sum equal to �,.'+�'; ..; �.;.
<br /> ,:.;�� -, one-twelfth of tfte yeatty mortgage insut�soe prcmium being paid by Borrowcr whca t..e insurance rnverage Iapsed or ceased to
<br /> be in efPect.l.ender will accept,use artd retain these payments as a los� rescrve in lreu of mortgagc insurance. Loss reserve -•�.,�_•.
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