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<br /> � �app�v,a we,ch�L.0 pa be u�raua�6ly w��a. If s«m�r fWs to m�i�li��b+��ae�n'bea,�.Leadet m.y,at � �
<br /> � " Lead�'1�optiwq nbt�ibt oawaye b pcabc.t Ltnder�rishts ia the m accaid�ooe�pu�D'I.
<br /> . ° All�potic�es�nd repew�ls sMll be aoapa6k to,l ec and s1W1 incWde i standard mottgaga claase. Ironder
<br /> � s1�U re d�aght ta hold d�e policies md reaewalx. If Leader requi�es.Sarowa at�ll P�P�Y B�ve to Lender aA iaxiip�
<br /> , of pa�prdi�iums md renewtl natii;es. tn tbe evait of iass,�orrower sLat1 giva pro�npt notice w dx umuma canier and .
<br /> '. Lrnde�; �.eoder duy tnaY4 prootf of lass if oot made pnan�ptly by Bo�ower. '
<br /> . . Upkss I:eader aad Baiowec otl�n�rdse agtiee ia writing,insucance pc�a��eeds shall be applied w restoruion or repair of �
<br /> ' � tb�Pbpe�ty dimased.i€ibe�a or:iepua is econo�cally feasibk and Lender�s security u•nnt lessemd. If thc '
<br /> . �staratiaa or iepair is mt a�namic�lly fasibk.or 1.eMer's security would be lessenod,the insivance p�ncxeds sh�ll be �
<br /> applied w the sums securod by this Security lnsnumen�whether or not tI�en diie.vrid�any excess paid to Bomuwer. If
<br /> . Bomawa ab�ndoas tbe P�vperty.or does nat answer withia 3�days a notke 6nm I.eader that the insurux�camer I�as .
<br /> offaed W setde a claim.tllea I.eader may ceIIeCt d�e insarance procads. Lender may use d�e procads to repair or nesWre
<br /> � ch�PYapecry d to py'sums secund by this SeCatity tnsuament,whtther a na ti�ea dne. 1Ue 30-day period+�vi'll begin when
<br /> . the notice is giveu. . . . . . . ,.. - ..
<br /> • • . Uniesc La�der nod Barcower mye�wise agree in writing,any appGcation of procceds to piincipal shali not eztepd�t'. ;.: :: .
<br /> postpooe the due dsu of the maathlY WYments zefemed to in paragrdphs 1 and 2 or change the amow�[of the paymerirs �:: �."::.:�= :
<br /> under pa�agr.ipi�21 the Ptuperty is acquirad by Lender,Boimwer�right to mry insurance policies arjd proceeds resulang ,.
<br /> � ` fmm damage w the Pmperty prior to the acquisiaon shall pass�o L�nder to the exte�t of the swns secured by this,Securiry -
<br /> Instcuma�t immediately prior to the acq�isitioa. `` '� .
<br /> • . ,6. Occrpancy, P�vatiou, Matnteaance �nd Protectlon of the Property: BtN'rowu's�Lopn A�li�tia�3
<br /> I,ta�eLotds. Botrower s6a11 occupy,establish.and we the Property as Bormwer's principal residence,within sixty days;after
<br /> thc eaecutioa,of this Securiry Instnunent aad shaU continue to occnPY fhc PtupenY as Borrower's pr�ncipal residencx��r at —
<br /> k�t oae year after the date of accupancy. unless I.ender whenvise:agrees in writing, �vhich consent sh�ll not be _
<br /> _ nnteasanabiy wltbheld,ar unless extmn�ng ci;cmnst�es e�ust which are.�d Borrawer�s control. Bomower shall not _ . --
<br /> � desrtoy,damage or impair the Ptoperty,a11ow the P►npecty to deteriarate,ozcommit waste on the Ptoperty. Bormv�er shalI .
<br /> , � be ia default if any forfeiture action�a pro�xtding,whether civ�1 or criminal,is begun.t�af.in 1.�nderSs goad faiW judgmcnt
<br /> , could result in forfeitu�e of the Property or othecwise materi�Uy impair the lien crtated by t6is Securiry Instrument os — __
<br /> L,enderk security inte�st Bomower may cure such a defautt and s+einstate,as provided in paragraph I8,by'caosing the"action �-
<br /> or n to be dismissed with a culin tha�:m l.ender's aod faith determinatiq{�,precludcs forfeiture of the Borrower's • ��"""`
<br /> . " � intems�t in t e Pr�aperty or other mataiat impaYr�rient bf i�'s tien created by this Security ln.�trument or Leader�s secnrity ��;�
<br /> � interest. Bocmwei shall atsa be�in default if Barrower, during the loan application pracess, gave materially faIse or � `�`����--
<br /> ' inaceeurate infonnation or statements ta l.ender(os faited ro de Lender with an material information)in'connectios�w�iiB_ '��`+
<br /> in provi Y ��,;F'•'Y-
<br /> the loan evidaiced by the Note, including, but aot limited to, represeatations conceming Borrower's occupancy of the -:��,•�
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<br /> Ropetry as a princip�l restdence. If this Securiry Inswment is on a leasehotd.Borrower shall wmply wiih all the provi�sions ��;;:•;�`-.:_.
<br /> of the lease. If Bomdwer acquir�s fee Gtte to the�per[y,the leasehold and the fee title shall not merge unless Lender agrees ����
<br /> to tAe merger in writing. . ' ' ��:_:_
<br /> 7. Prntectian of Lendev's Rights in the Property. If Bonawer fails to perform the covenants and agreements
<br /> conta�ned in this $ecurity Instrument,or there is a legal proceeding that may signific�tly affect l.ender's righu in the �`::��'�=-��
<br /> �'?`��:�:r�
<br /> Aoper�y(soch as a praceed'mg imm banlnaptcy.probate.for condemt�aGon or forfeiture or to enforce law$or regulations),then .. ,:�.,�;:__-_
<br /> Lender may da and pay for whatever is necessary to protect the vatue of the Property and l.ender:s righu in the Pcoperty. >{�,�'�
<br /> Leader�actions may include paying any sums secured by a lien which has priority over this Security Instrument,appearIng
<br /> im aaurt,paying reasonable attomeys'fees and entering on che Propeny tn make repaus.Although l.cnder may take action � ..,�.-
<br /> , under this paragraph 7,Lender does not have to do so. "
<br /> ; An amounts disbursed b Lender under this ara h 7 shall become udditional debt of Borrower secured this •� `'
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<br /> Security InsuumenG Unless Borrower and Lender agree to other tertns of payment.these amountti shall bear interest from the �
<br /> .e
<br /> date of disbursement at the Note rate and shall be payable,wiib interest.upon notice fivm Lender to Borrower requesting f _�.,` '�'�
<br /> payment.
<br /> 8. Mortg�ge lasurance. If Lender required mortgage insur�nce as a conditian af making the loan secured by this . �`: �,-•
<br /> Security Instcumen�Borrower shall pay the premiums requ�red to maintain ihe martga�e insurance in cffech. If.For uny � , � +���'�`
<br /> reason. the mortgage irtsurance coverage required by Lender lapses or ceases to 6e in effecK. Borrower sha11 pay the �" �� i::�..ix`:' ..
<br /> • premiums r�equired to obtain coverage sulntaniially equivalent to the mortga�e insurance previously in effett, at a cost � � i;_<•,;;.� '-''�.
<br /> substantially equivatent to the cost to Borrowec of tl�e moagage insurancc previously in effect.from an altemate mortgage �•
<br /> insurer approved by Il.ender. If substantisilly equivalent mortgage insura�ice coverage is not available.Boaower shall pay to 1:.
<br /> . l.ender each month a sum equal to one•twe�fth of the yearty mortgage insurance premium being paid by Borrower when the ? :_�,�::� f.:.;
<br /> insurance coverage lap.sed or ceased to 6e in effec� l.ender will uccept.use and retain these paymentti ac a loss resene in tieu ..:�.�.;; ,,,
<br /> of mortgage insurance. Loss reserve payments may no longer be required.at the option of l.ender.if mortgage�n.wrence c,�;
<br /> , coversge(in the amount und for the periad that Lender requ'sres)provided by un insurer s�ppraved by Lertder again�tomes ' .
<br /> available and is oblained.Borrower shaU pay the premiums required to maintain mortgage insurance in effect.or to provide a �• �� -�-�
<br /> . loss reserve.until the rtyuirement for mortgage ansurance ends in accordar:r•e with Any written agreement between Borrower �,. .. �. -
<br /> and Lender orapplicable law. � ,_ �
<br />° . 9 Inspection. Lender or i*s agenZ ma}•make reasonable entries upon and inspections of ihe Propetty. l.ender shall ;��
<br /> . give Borrower notice at the time df�-�n�s aa��inspection specifying reasonable cause for the inspection. l :
<br /> .19. Coedemnation. 71ie proceeds of asey award or claim for damages.direct or consr,quential,in ronnection a�r�any r. �''�'� °�� • -
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