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<br /> • petiad�Sh�tt.�.et�sk�cequires. 7t�e inwr�nce ca�r providing the insura�sce�hal!tie c6osen by Ba�raa•er subjert to E.ender's.� j <
<br /> - , �;,�#,uv��}k,¢h�i!not be unttasatably wittttteld. if @odmwxr f�its[o maintain cow:rage desenbed a6ove.l.ender may.at. �
<br /> — LenA�[���.o�t "au�coverage to protect t..rnder's�gMs in the P�opeRy ire accocdani-e wuh P��aPh�-
<br /> — A��:jn�policies�nd n�newais s(t�lt be acccptable to Lender and shall inctude a standard mortgage claus�.,Lender
<br /> � SI334�I:�i71YC tF1L t�'jI11�O(1pld tI1E p0i[CtCS allA f�C!lBW3L4. tf I.crtder-aeeyuire�.Borrpwer�hall promptly give w l.endgr all receipts • _
<br /> " -=— of,pai�#�xcti�liutt�s and renewal notices. �Tn the evem af loss��orrow�r st�all�ive prom�t cmtice to the insnrartce carrier and - .----_
<br /> Lenit�r. L�.�tdpr may make pcoo�'of toss i�natmadc promptly by 6aaower. � =__-
<br /> '- dln[�:p t,:r�der and Bormwer othenvise ag�e in writing.msuranse proceeds shall be applied to r�+torauon or repais of �> --- -
<br /> . Y� _LL �� dt�:Aupgs{�r,dam�BeA� if tfie t�stor3tion or r�air is eeonoinualig feasibte snd l.endcr's secu�ity ic aat tecsencd if the . -�_=,� - - .__ _
<br /> �,�raticm;+ot..re�►ir is not ecanomic�l�Y tieaaible or Le�er's seeurity woutd 6e lessened.the insurance proceedq shali be . a,M,_�_- ____
<br /> a��iu�i�o xt[c sums secured.by this Security Instrumei►1.whether or nat then due,witb any excess paid to Borrow•er. If �_~�
<br /> g���•q a�,�n�fo�s the ptopecty.or dues rtot answer within 3A days a notice from Lendec that tfie msursnce rsrrier has }_,,;,,.
<br /> - offe�ed to 5�tt:e a ctaitn.then Lcnder tnay co�lect the insurance praceeds. Lxnd�r cn�y use the proceedy[o repair ot mstore . �;���,�� -
<br /> ` ' ��� tt��p1�p�a�ut to pay sums secuteci by this Securiry insUvment,wftether ot not then due. The 3(Way period wi116egin when ��_--- _
<br /> thenaiic�_isgi+ren. . • � ` — --
<br /> Untes�s Lender and Borcower otherwise agree in wciting.any app�ication of proreeds to p�incipal shal!not extend or� . ';���_`"
<br /> - . - - ---p�istp�-ro-�e d�date of ihe menthly payteents referred to in paragraphs t and 2 or change thr�maurtt of the payments. tf �,,�
<br /> u�d�r p�,r3�api1:21 the Ftoperey is acquired by Leader.Boriower's right to any insurancr goticies and proceeds resulting - � _ �.�`
<br />, fr�i�,�ge tn the p�aperty ptior to the acquisition shall pass ta i.ender to�he extent of the susns sewred by ti�is Securit�r _�y�_.
<br /> " � [n�ttum�i�raediatPly prior[otheacqui5ition. , . f�v''�j--��
<br /> -.' :,:s; 6., ()eqypancy, Preserratioo, M�inteauice and Protection of tbe Property: Bonbwer's [qan Applicatien+ _ r�_�._
<br /> .. ,_. 1�e6pM�9. Borrower shall occapY.establish,and use the Property as Borrower's prmcipal residznce within sixty days:ifter ', _
<br /> ti�[�eaect►iw�of this Security lnstn�mant and shall continue to occapy the Pmpert}+�Borrower's-principal residznce for at r.r :�
<br /> � = [eafi onei y�ar aftes the date of occupancy. unless Lender ot6erwise agr+ees in writing, which wnsent shaQ not be �- —
<br /> • - unt�asortt#�►ty.withhetd,o�untess extenuatimg circumstances exist wbich are beyond Borroa•er's controf. Bortawer shaJt not _: _
<br /> . �= dsstroy,cE�mage or impair the.Prnperty.altow the Properry to deteriorate,or commit wastc o�ihe Ptoperry. Barrower shall •.sT -
<br />, .,:.. ` .�;;
<br /> - - bF at def'�Ntr.if stny forfeitura action ar proceeding,whethet civil or criminal,is begun that in Lender:s gaod faith.judgment :�.___ _
<br /> �•• ; J��` cpuld [es�tiG in forfeituae of the Propeny or otherwise materially im{�air the lien c[eated by this�Security Inswment ar • ... . _-___
<br /> ' ' L�der:s yecurity interest Boaower may cure such a d�fault and reiastate,as provided in paragraph 18,by c�ansing the action �. .�,
<br /> • '-�::-=..-• or•pct�cee�ittg ro be dismissed with a rotipg that,in Lertderti S°«1 faith detecmination.precludes forfeiture of the Borrou•er's �� `.N ¢A_
<br /> � � u ' interebs it�;the PropeRy ar other material impaimient of the lien c�eated[iy this Secudty Intitrument or Lenders sec�nity - -
<br /> T•_.. .
<br /> ' ��� interest Sorrower shall also be in•default if 8orrower, during the loan apptication proce�.. gave materially fafse or � ,.'r _
<br /> � ` ittaccutat�:information or statements tn Le�iiiter(or failed to provide(xnder with an}�material infortnationy in cannection with :`;��
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<br /> � ���' the loan.;evidenced by the IYote. incIu�3ing, but noi limi�ed to, eepresentations conceming Borrawer's occupancy of the . _
<br /> ==�,f;. .. • . - ..�
<br /> �,. PropCtty:as a principal residence. If this Security Instrument is on a tea,ehold.Boaower shaA comply witb all the provi�tions '• �_�
<br /> ..,: �� , of th�te�e, Ii'Borrower acquires�fee titie to the Property.the teasehold and the fee titte sball aot merge unlecs Lender agrees ` -�
<br /> t�.;' °,,-,;' to th�merget in writing. �`
<br /> 7:. P t o t e e t i o n a4 Lender's Ri�fn�the Property. (f Bcrtfr�wer fails to perfomi the covenant�ti anJ agreementti ,
<br /> `� �s:.'�--L:. ,•� contained in:this Security lnsuument.+sr��ere is a le�al pr o c c e d ing t hat may sign�f tcan t iy a ffec t l.e n d e r+ r i g h t t i n t h e �.'��
<br /> - "-— � ��--'�'`' ' P roper[y;tyac h as a pr o c ec d i n g i n b a n k r u�!:.y.p r o b s t e.l��.r c o n d e c i i a�on or forfeiturc or to enforee laws ar regulations),then _ __ ��___. .
<br /> r,,,. .. , �.
<br /> � - 4 ��� - [.ender rn�y do an d pay for whatever is nece.sary ta prrt:ct the��aluc of the Properiy anJ l.ender;rightti in the Property. r
<br /> :��%• l,ender's:a�tions may include paying any�umy.ecured L-y a lien utuch hat priority over thiti Security Instrument,appeanng
<br /> ,r`�'a?.` ` ' in cautta��yinb reasonabie attomeys'f�es and enterirg on the �tip�rty to mahe repain.Ahhough Lender may take action �;
<br /> • =�G s��i • • under tt�i:�par�graph 7.Lender doe.n��c have to do so. �t
<br /> ' '•'' A��y.amounts disbur+ed by Lender under thi�paragraph 7 shall become additional debt.of Borrower secured by thi+
<br /> .}, ::.,i.: ' J
<br /> � _;:. 5ecurisy In,trument. Unles�Banc��er and Lender agr�e to other tcrtn,of payment.thetc amauntc shall bear intcretit from the , _
<br /> =.:i� �: date of di:�bur+ement at tfte Nnt�rate and shali 6e payabie,with intere+t.upnn naticc from Lender to Borrou•er rcyue�ting ; ��.. ,
<br /> �,.�. •:. . ;; puyment. � -
<br /> : _-�-,: � ,,_..���,_�;;,,� 8,: �2ortgage�nsuranee. If I:�nder'reyuired mortga�e insurance a�a conditian of making the la:u�secured by this `
<br /> ` �' �; • Secu�ity.in.rtrument,Borrower�hall�sy �fie premiums reyuirrd to niaintain the mongagc in5ur.uue in effec�. if,for any �i; � ^.��,-.� -
<br /> � ' -'':M • : ' �.'';;°� reason..the mongagc in,urance an•�ra_e reyuired by l.ender tap��� or cru.e+ ta be in efiect. Borrower shall pay the F ''_r---
<br /> �a �c• '`I',�,� premiumy reyuired to nbtain cavcrage sub+tantialty eyuivalent t�f the martgage insursnce previously in effect.at a rotit ,
<br /> ` i'1� � wbstanti:tlly equivalent to ihe cust to Borrower of tF.e rr,urtgage insurance previuutily in effect,from an a(temate monga�e •,+
<br /> ':'�; �, . ,
<br /> ����.1�r �� '.`,; insurer approved by Lender. 11'+ub.tantially equivatcnt n:ortgage inyurance coverage i�not availablr.Borrower�hall pay to :
<br /> �., 4, .• l.ender euch momb a tium eyual to c�ne-t�veif�h ot'ch�•;�rly martragc in.urance premium bcing paid by Bnrrower when the � �'
<br /> ,�;;�s. , .. inhu�ance caverage lapsed or ceatied ta h�ia effect. Lender wiU accept.u+e and retain tfie�e paymen��a�a[oss«serve in lieu `
<br /> '.Yi f �f; ��". ai mortgago insurance. Lay.re+en��pu��r��ntt m.s��n��longer be reyuired.at the aption��i'l.ender.if mangage insurance �
<br /> , ; covt�a�t(in the amount and far lite peci���f thst L.a:ndrr requirr�)pruvideJ by an intiu�er appraved by Lender again becomes �
<br />� �'s i. •rvailubie and is obtained.8arrnwcr�l�U�ay,the premiums reyuired tu maintain mon�age in�ur.�nce in eifect,o�to provide a >.
<br /> ' ;• •• loss reserve,until lfie reyuirrnzent for�nurtga�e inyut:mce end.in accurJ:mce with any written agrecment britveen Borrower i:� ;
<br /> ;' und Er_nder or applirablc I:�w. ' ;. . .
<br /> � . 9� Inspeeiion. Lcnd��r ar ii�a};utt ci:�y mske rras��nahle enuir.upcm and in,prcti��n,uf Iite Property. Lencler+hall (
<br /> �� ���, give Hotrower n��tice at the time oi��r pn�:c to an inspection�peciiyin�rea�onable cau�e for thc in�{rection. ,. • .
<br /> } 10 Condemnation� The pr�+cced�,u1�any award�}r claim fdr damugc�.dirrct��r c�m+cyucntial,in conn��:tien�vith::ny
<br /> . �� �:nglc F.�mily--Ebnnic�far�raldir�fac 1'VIFOKII I�ti'1'Nl'�1F.V7'..I'ud�mu fo�rn.mi+ 9;90 ry•�����+n(hp�4.,�.0 .
<br /> . �`, . - , fxertl�.tc+IiuelnecvF�rtfi+.lnr � .
<br /> Tn 11rd�f I;,ilC 1�%W.+1�tfY.14:1 i:KN{fi16791•1{71
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