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<br />=��. ��:`ss•..:r,F=- ::�: ads that Lendet 'Ihe iasurance casiier mvi tl�e iQSUrance ahai!be chosen 6 Bmsowersub' to Leader� � ----
<br /> 4_s� t ,c. .� P� �ui�es' P di�$ . . Y. 1� _ --
<br /> - - �< o:• � apps'ava!a:lsizh�lt aai 1�u��Iy s�ishl�d. If Boisav�fa�ls ta ma�ntain covera�descn'bed above.t�ndes may.at __ � _
<br /> < � L.enderk option.obtaia cnverage w pmtect Leuder�rights in the Pmperty iu accordafsce with paiagraph 7. __
<br /> . �°. .. r..~� All ins�uance potiaes sad cenewals s1►all be aooepta6le to Lertder and shaU inciude a stendat�d atongage clat�e Lender - __ _ -
<br /> a x�•` � �`;.,'��r"�;'..^;.`r: shall trave tha c3ght to 6oW the potic�es and renewals.'if Lender cequiirea.Bomower shaU prempSy give to Leader all�oeipts —_-_----- -
<br />-��'� _�.',:. ;::��: ::;t .• of paid premiums and renewat notices. In tha event of toss.Bomuwer shall give prompt notice to the insurance canier and ���=�;�_ =_
<br /> , �. „,,, r `;;:F,� Lcnder. l.ender may make pnwf of loss if aot made pmtaptty by Borrower. ' - ;: ,���_-----
<br /> � � `= f.��r wi� Untess Lender and Bomower othenvise agree in writing.insuradcc pmceeds shall be applied to restmrarion or mpair of °` ---�
<br />_ - � Q �"'�- the P[oFortY darnaged.if the restoratian or tepair ia eoonomically feasib2e eatl Len�eC�s seavity is.aot lessened if the � _
<br /> � � .: , -`� °` testorarion or repair is not economically feas3ble m Lenderb security would be tessened.tLe insurance pmoeeds shall be �: � �` .�°?"�-`.
<br /> _�y �' ,'_ _� aPP1Ied tQ the snms secvsed b}r this Security Ia�nmtent,wl�ether or aot tDen due.with any_escess Qaid.to Bomower. If �°� �'� -�~
<br /> � . Hamawer abandons tha PtopeAy.or does not aaswer withia 30 days a notice from Lender t6at the insurance canier has ` > <--'� ���«- ;.
<br /> `-r; „� ' � ;,Y.y offered to settle a ctaim.Wen Lender may coltect the insurance proceeds. Lender may usc the proceeds w iepair or zesmce {�:�•r F�:
<br /> �';' the Pto or to sums secured b this Secuti Instrutnent,whether or not then d�e. The.30-da riod will wheu M ��r ' 2�'-M
<br /> PenY PaY Y � Y Pe �8� `:����j=-
<br /> � the natice is given. _ �-
<br />-�.°�' ;g i;€N:.';:�� _:r�.``:� U n l e s s L en d e r an d Bo m ow e r otherwise a g r e�in writin g•�Y e P PIIcation of�prooeeds to prin c i p a l shalt not extead or '����-�-�.
<br /> },,:' . t; :� � . postgone the due date of the moathlY payments nefemed m in paragraphs 1 and 2 or change the amount of thc payme�ts. If ��
<br /> '' ` �. under paragraph 2t the Prnperty is aoquire�by Lender,Bomnweris right to any insu�aace policies and proceeds tesutting s���..,�'�
<br /> '�` ' � f r o m d a m a g e t o t h e P t o p e rt y p i i a r t o t h e a c q u i s Y ti o n s h a ll p a s s t o I x n d e r t o t h e e x t e n t o f t h e s u m s s e c u r e d b y t h i s S e c u r i ty 'a= �
<br /> #` �� [r�strumeat im�aediately prior to the acquisitioa . �`� �-��
<br /> " 'fi � 6. Occupancy, Pr�servatFon, Mainteuaace aad P�rotecttoa Qf 4he Property; Borrower's Loan Ap�on; ° "
<br /> _ �',_ ' .•r��.� l.ease�oids. Bottowet shall occttpy.establisl�.and use the Property as Boaower�s principal residence within sixty c�a�af2er �: s��
<br /> � , „:. �. ' the eaerution of ihis Secwity Insdument and shall continue to accupy the Prope�ty as Bormweris principa!resideac��"i-,►.r at `::::,�t�;U_-
<br /> ;•. ; '� least one year aRer the date of occupancy, untess Lender otheiwi� agrees in writing, which consent shall�t bc ;•;.'�'�:�
<br /> ~ , �.�'. � unreasonabiy withhetd.or unless extenuating cincumstances exist which a�beyond Botrnwer's control. Borrower shatl not `"� �
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<br /> : _ . .., � destroy,damage or impair the Property,allow the Property m deteriorate,or commit waste on the Pmperty. Bomnwer shall ,. ?.��,-.F��
<br /> _ _ - ��:��:�� �:`'•`'��°� be in default if any forfeiau+e action or proceeding,whether civ�or crimb�al,is hegtw thaait in Lender�gaod fait6�em ::� `�:: ��:�
<br /> �: th •:�. �;;���--:_-
<br />-- " �;�,���' could msult m forfeitur�of the Property or othemise mate�aalIy impair the lien ct+eated hy this Sec�iry Insaura�t or � .�r�,s�.�:
<br /> �; l�:.� `�c::�: ..•.�: Lender's security uuerest. Bnirower may cure such a default and ieinstane,as provided in patagraph 1S.by causing cLe acoion :��'�,���'.��c�."Y3�.
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<br /> y�;; i .:� . . or ptoceeding to be dismissed with a tuling that.in Lender§good faith d�miqation.Precludes forfeiture of the Boimwet�s •F;.'..,r.:,;:�_'�'
<br /> •,;��� � '... interest ia the Properry or other maLerial impairment of the lien created by this Security Listrument or Le�tder'�securiry � =_�
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<br /> intezest Borrawer shall also be in default if Borrower, du�ing the loan application process. gave materialiy false or -,�, ..,.,_;.. ..��:._
<br /> �:.�,'' ':._ inaocnrate informadon or statements to Lender{or failed to pmvide Lender with any material infom�arion)in connecaon wit6 ���`"����
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<br /> '�°� - �' `' ��' . . the toan evideaced 6y the Note, including, 6ut not limi�ed to,representadons concem'sng Botrower's occupa¢cy r�the - � �:��:��'-_
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<br /> � '� Ptoperty as a principal tesidence. If this Security Inswment is on a leasehold,Bomower shall comply with all the�a��ns .4t1,�;x�,�
<br /> i � of the lease. U Bomnwer acquires fee title to the Property,the Ieasehotd and the fee tide shall not merge nntess Leud�a�.�ees �s���,�� -
<br /> '•: �:. ;� to the meTger in writing• � : . ,�,�; ,�+3�,, _._-
<br /> �;';'� ' . _ Z ProtectFon of I.ender's Righis�m tlte Property. If Borrowec fajis to perform ttce covenants and a�ee�e�•.ts :`,�x{����u�, �-:
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<br /> : � contained in this Security Instncment, or there is a legal proceeding that may signiticantly affect lxnder� rights i.�c t� c�i4[1;�:}�.5 �t,
<br /> r�`t�r '� Properry(such as a prooeeding in 6ankruptcy,probate,for condemnation or forfe►ture or to eafome laws or r�egulati�s�.t3�ea •_c����`=s� i;'
<br /> ':�;'r�r' . [.eader may do and pay for w6atec er is necessary to protec[the value of the Ptopeety aad I.ender�s rights in the�ty. '.����`;���� _ � -
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<br /> �:`c:� : ' . L.ender's actioas may iactude paying aay svms secured by a tien which i�as psiority over this Secwity Instrument,appeazing •,.:.�,�:.��;
<br /> - � � in court,paying seasona6le attomeys'fees an�entering on the Pivpeity to matce repairs.AIthough Lender may take action •-���:-�
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<br /> � � --,-;- - -- under this paragraph 7.Lender does not have to do so. � -
<br /> � ` . �• Any amounA disbu�sed by Lender under this paragrag6 7 shall become addiaona!debt of Bomower secuced�y tlris ��,;; . � ` -���' -
<br /> � � ' ' � • Security lnsnument. Unless Borrower and Lender agree to other terms of paymen�these amounu shall bear intecese fi�the ' "��.�•_
<br /> ��� � date of disbtusement at the Note rate and shall be payable.with interest,upon norice from Lender to Borrower�•r,.sting "` ° - �� _
<br /> • � ':: . •. paymenG , .. . . : _
<br /> • ;'�_ `' ' 8. Mortgage Insuranee. If Lender requind mongage insurance as a condition of making tite toaa secured by this � �;�� , -�
<br /> ";��; Security[nsuumen�Bo�rower shall pay the premiums required to maintain the mortgage inswance in effect. If.for any ' • ...
<br /> .;:.� � re�son. the mortgage insurance coverage mquimd by l.ender lapses or ceases to be in effec� Borrower shall pay the . ` '' , .'.
<br />- �•. : � •� premiums required to obtain covemge substantially equivalent ro the mortgage insurance previously in effect, at a cost , ;;,;�t�c +�;, �• •�ti'.��
<br /> _"'��' � � " substanriaUy equivatent to the cost to Borrower of the mortgage insurance previously in effect.from an atremate a�rtgage .-:��.,:�;` • °� � �:�:��:
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<br /> ,•a • insurer appmved by Lertder. If substantially equivatent mortgage insura�ce coverage is not availabie.Borrower shall pay to
<br /> _ ;�� � � `� . . ° Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premium being p�id by Borrower when the - � "�' ��� �`-�
<br /> -.`�` � ` �. insurance cavera e la sed or ceased to 6e in effect. l.ender will acce �use and retain these aymenu as a loss reserve in lieu " ,
<br /> _`jis. � ' • S P P P �:�% ., i,
<br /> of mortgage insurance. Loss reserve payments may no longer be required at the option of Lender.if mortgage ins�.•rance �••.'�;,�;:��� I�
<br /> : ;;.:�. ' • ����' �,. coverage(in the amount and for the periad that Lender requims)provided by an insurer approved by Lender again�comes �.�;:'�� '•��� ''
<br /> � ` ;' . • •' available and is obtained.Bomower sha11 pay the premiums required to mairttain mortgage insurance in effect.or to�m�-ide a � � � -��~�,;� �
<br /> "��'�` '`'_ " � � • . � toss reserve.unal the cequuement for mortgage insurance ends in accordance with any written agreement between Botr�wer '' � '` � " � :
<br /> �''� $��• ' � • �'f and Lender orappticable law. �. ' � ' �
<br /> . . ;':.� � ,, � . ,• 9 Insp�. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall '. �� .
<br /> ;; `. • � . . , give Borrower rtauce at the time of or paor to an inspection specifying reasonabte cause for the inspection. ±`!;,`•:o;, ,
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<br />- ' ��s,:��;.�. 10. Coadea�natton. The proceeds of any award or ctaim for damages.direct or consequential,in connection wic.'�any . ,;:,!:� � ..
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