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<br /> � periods a�i I.maa�m�ces. �nie i�ooe c�iec p�i�n�a�e�w�nce adau be cl�asen dy s«�►�c a�,e�e�c ou r.enaa� .
<br /> - _ app�wat wl�ich siaU aot be.mneasaasbty arit�ld. If Borrower fi�s tam�intain ooveriga d�sc�'be�above.Lende�P�Y•� .
<br /> Le�der�opci�o.obtaio cove�ge ta p�otoEt Lender�righs in the P�op�e�ty in accad�noe.anch pa�giaph 7.� ,
<br /> All itssu�ce pollcus�d ienewals s�aD tie aooeptabfe to I.ender�ad s6all'mcIude a stu�dud mostgAge ciause. Lender
<br /> shall bave the right w holb die policies aod ieoewils. If L,eada req�es,Bonor�+ror ahall pt�bmptly give to Lrtnder all tecei�ts .
<br /> . �P�P�lums�nd Rnewal oorices. In the eveat of 1oss,Banowa shall give proabpt naice to the iesu�ar�ce artier and �
<br /> ' Leeder. Lert�er m�y make peoof of lass if not made p:omPt[Y_bY Bormwer. ' ,
<br /> ' Ualess l,eader�Bamwer ottie�wLse ag�e+ee m Wrrting.imutaax pceceedc shaU 6e sipptiod to restaatiun ar�tir of •
<br /> tbe ptnpeity dam�god,if tI�e nstaptian oi mpair is eeoaomialty feaci'bte and i�ender�s seauiEy is not tesceaed. if thc ,
<br /> cestocatian or nptir is mt ec000miatlIy fas�le oc Lander�s security wowld 6e iessa�od,tbc ituutanoe prooeeds shall be
<br /> apptied to tb�swns secore�l by ttus Seniri}y Inswmrnt,wF�ther or not tt►ea due,with any exc�as p�id fo 13oROwe� if
<br /> Born�wer abaedons tLe Pruperty.a das not answer vrithin 30 days a aoti�e fian Lender ttut the insivame c�sia Lis '
<br /> � offeced•to sark a eiaim.tha►I.eocter may wlkct the insaranoe pioceeds. Lrnder may use the ptooeods to�pair ai nestote
<br /> . ihe Property ot to pay sums secmed Dy this Secarity In�nent,wixther or mt then do� 77x 30�tlay paiod will begin wlxrs
<br /> � the aotice is g'►ven. .
<br /> Unkss Iander�nd Bonuwer ott�eiwise agroe in wtiting,any application of pracceds to pcincipat shaIt not exund ar
<br /> postpoae the doe date of ti�e monthlY PaYmeats nfemed to in paragr�phs 1 and 2 or chaage the�nount of the payments. If
<br /> under paragraph 21 the Ptupettp is acquired by Lender.Bomower's ti8���Y�Policies aad pmcxds zesWting
<br /> fran damage to tUe Ptapetty prlor w tlx acquisftian shall pass to I�ender to the extGat of tLe sams sec�red Tiy t3�is Sec�uiry
<br /> Insuument inomedisuly prior to tt�e xqnisition. '
<br /> 6. Oucopancy. Preaervahon, ��� and Protedioa o[tLe Property, BoRatrer's Laam Applicatian;
<br /> I.e�se6olds. Bor�oaer shaU oca�py,establish.and use the Pt+nperty as Borrower?s principal c+esidence witbin sixty days after -
<br /> the executtan af dus Socarity Insa�unent aid s6a1t continue to oocupy the Ptuperty as Bastowerk principal r,esidenoe for at =-
<br /> Irrst ane year af�er ti�e date of ocxupancy, ualess I.ender atberarise a in writing, whicb conseat sfiall e�ot be �'r---
<br /> ��-�-.
<br /> mmeasaiably wi�eld.or unless extma�ing�exist wltich are be�yoad Batd��s catirol. Bonower s6ai1 nat- —�
<br /> deslroY,damage a impair the Ptopaty.allow die t�deteri�te,or commit wasCe dn the Property. Bora�wec sha{1 �---
<br /> be in default if�sy fafeidue aaion or p[ocadiag��cafE nr crimiaal,is begim t�f:m l�ender3 good faith jud�mert . ---___
<br /> could resalt in fafeidue of tlx Ptope�ty or otherwise mater"ratiy impair.the Gea cn�t by this:Sea�riry Inswment mr .�,_-
<br /> � Lender's security ioteies� Bormwer may cu�e such a defanit and icin�tate�.as provided in patagraph i&;6~lr.�sausing the action � ��:�_
<br /> or p�aceeding ta bed'�smissed with s ruling t�at.io Ieoder�s good faith�ination,pteclades focfe�e of the Bo�mwer's , - �?�;_7'�a:� _
<br /> p aoee
<br /> interest in the Propetty ar other mlterial impaim�ert o�the liea created 6y tteis Securiry Iitgtrument#�r Lender�s security. ,`�` ��'
<br /> �;:.., .,:-
<br /> ' inter�est. Bortower shalt also be in default if Bomnwer.during the taa» appliration'process,gave inateriaUy false or - -:_s;�.:
<br /> inacc�uate information or statemeats to Lender(or fa�ed to pravide l.ender arith any material informaaon)in conneciioa with "u�`��"`
<br /> ^�-,:,,__:_:.
<br /> the loan evidenced the Note. +nciudin ,but not limited to. tarions canamin Borrower's axu of the 't'—
<br /> bY 8 � g P�5' '�`}�`'`'..:.
<br /> Property as a principai residence. If this Security inslrument is an a leaselioi�Bomnwer shall comp2y with aU the prnvisions . , - :;-��
<br /> of the kase. If Bomower acquins fee tide to the PropeRy,the leasehold and the fee tide shall not merge untess Lender agtees. .�
<br /> to the merger in wriqng. • ,: �: '' � � �%"�`:"_
<br /> ?. Protection ot IRn�tecTS R�6ts in tLe Propert�:.If Borcower fails•to perfonn the covenants and nts 9--�.�
<br /> agre�ne ��,�:�'�'_�,"__'."�`�.i._J_-�.
<br /> cm�iiied in this Security lns�m�en�or there is a legai,pt!oceeding that may signsrantiy affect Ixnder's rigbt�.,iii.che '�`'`'��=r
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<br /> ' Ptvperty(svch as a procecding in bankn�pccy.�ate,for'condemnation o[forfeituce or to enforce laws or regulat�os�sj;+�zea :.,;;��,�;:- -
<br /> L.ender may do and pay for whatever Ls neae�arg w protect the value of�tfie Propertq and Lender�s rig6tc in the Property. ��::�...j;_.`
<br /> LendePs actions may include paying any suitts'�ured by a lien which has priority over this Security I�men�appeazing . � t . "`�
<br /> in court.paying rcasoaable attomeys'fees and entering on the Property to make repairs.,:�fshough I:ender may take action - - --_
<br /> under this paragraph 7.Lender does not have to do so: ���. • - • -� �s�_
<br /> My amounu disbursed by Lender under this paragraph 7 shall become additianal debt of Borrowei secured by this -
<br /> Security lnsuumenG Untess Bamwer and t.ender agroe to other tertns of payment,these amounts shaU bear intenst from the . - ���y�
<br /> date of disbu�sement at the Note rdte and shaU be payable,with interest.upon noticc from L,ender to Borrower requesting ,
<br /> fi.
<br /> paYmenG � , • ��.�
<br /> 8. Mort�e Insuranea lf Lender required mortgage inswrance as a condition of making the loan secu:ed by this ,
<br /> Security Insuument.Borrower shall Qay the premiwns required to maintain the mortgage insurance in efYect. If.fa.r�y ,�
<br /> re�wn, the mortgage insurance caverage required by I.ender lapses or ceases to be in effect. Borrower shall pay �fte
<br /> �mi�ams required to obtain coverage substantially equiwalent to the masYg�ge ir�.surance previously in effecl.at a cost „
<br /> sutr�tzntialty equivalent to the rnst to Bomnwer of the mortgage insuranee pneviously in effec�from.an a.ltemate mottgage
<br /> �sruer approved by Lender. If substantially equivalent mortgage insuranee coverage is not avaitabie.�13+�rtvwer shall pay to - - ' ;.,
<br /> �s each montb a sum equal to one-twelfth of the yearJy mortgage insuranre prerrtia�being paid by.�orrower vrite�the ., �- �s,
<br /> insurance coverage tapged or ceased to be in effect. i.ender will accept,use and re�in ihe.se payments as a loss reservp in lieu �:
<br />- . of mortgage insurance. Loss mserve payments may no tonger be required,at the option af Lender.if mortgage insur�ce � • - • -�-- �:
<br /> coveruge(in the amount and for the period that l.ender requires)provided by an insurer a�proved by Lender again becomes � • � �:_,
<br /> availablc and is o5tiined.Borrower shatl pay the premiums tequired to maintairt murigage insurance in effect,or to pmvide a .•. ,..�
<br /> loss reserve.umil tfre requirement for mortgage insurance ends in accordance with any written ugr�ement betweeo Barrower _
<br /> and Lender or applicable iaw. _' _
<br /> 9 Irispection. Lender or its agent may make reasonabtc entries upon and inspections of the Property. Lender shall • '
<br /> g,ive$orrawer notice at the rime of or prior to an inspecdon specifying teasonable cause for the inspection. ' �
<br /> 10. Coedemnatbe. 7'he proceeds of any award or claim for damages.direct or consequential.�»connection with any , _, .
<br /> Singk Family»`aeeie MadFnddie!Nsc 11111PORM I1�S]RU!HEhT-•Uniform Covenaets !1!� Ipr14t 9 of 6Qageal �I
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