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<br /> ' � -S: H'ss�d or Propeet�►lss�ce Aarro�ra sWti fceep it�e iinptbvem�,e,�n�ta yn,o�M eziatin�a tieraiter•aected on ��_
<br /> � �1O��11�l�1�11�����1T'a�tvz�eds iucluded withta the term"r+trc+�5�w OO�w�p1�Q����
<br /> :' ���,�n���n�a�,ro�wwch t,ena��ro..��+�z����i t��ttw�a�m��ow�a �
<br /> �i�d foc th�patads tl�t Ladar:eqnira.The itra�an�e catrier providin�the i�xu�x etWi ba chaeeq bp:Bort�oxa _
<br /> � � aubjxt w Leader's appcoval�hich sha11 not be tnzraeonably Niti�held I[Iiorrorrer faila w mainain oovera�c deecribed ,
<br /> ' �bove,Iknder tnay.it I.rnder�a option.obtain wverase Lu protect Laider's ri=hta ia tbe Properiy in ac�ardu��rith
<br /> � P�ratal�U 9. � - � � �
<br /> All itauranoa policia and reneMds a�s11 be sCOeptable W I.ender and sh�11 include a etandu+d mortpge ciaueb.
<br /> l.erider ehaU have t�e ri�ht to iwid tf►e policies and rene�r�la. It I�ender tequires: 8orro�ver sf�ll gromptlY�►�a to
<br /> -- ------— t.endes at!�aeipse p! d prelaiuina aad t�neNal notiaa..tn the�Yent af,laes,Aotrneer etvlll�ive Qromgt notice tQ the , ---.-------
<br /> insutsncar�artier�ad�I.a�der may mske pc�ooi ot loas if rat m�de promptly by Bor�nwer. . .,
<br /> _= — -IJnleas I�ender and BortnRec othot�viee a�oee in Nn`�i��.in�n��stwit ba apptiad wrestoratiaror repoir ---�_�-
<br /> ot the Property dama�ed.it tiae reswation or repir is aconomiwlty fas�Me and I�ender'e sxority is not Iessened.If the • -
<br /> �_ : reataeation or repair ia not ecaamiqlly teae�'bte or I�ender's sxurity xould be le+seened,ttr�c iastuuxx prncdeda sh�11 be -
<br /> -= spptiod to the sunns sxured by�¢hia Sr�wity Instntmmt,xhether or not ttiea Qne,Mith,aqy�xv�s p�id to Bomo�er.Ii -
<br />=r � Borroxa abatdor►a the Pt+opercy.or doea nut ara�rer�eithin 30 days a ao�ce from l.eader that tbe insunnce csrrier h�
<br /> - - ' oftered to s�ttle s clum,thEn Lznder may collect the inau�nce pnooeeds.I.�nder may�e tha proceeds to rep�ir or
<br /> `` - . resWr�tha Propetty or to pay sums exttrod by tAis Secwity lnstrutnetit,�vlsether or not then dne.The 3o-day period w+itl., _ -
<br /> r�; . .
<br /> begin�rhen thn notice is pven.. ' - -- -..
<br /> Unte&s I.ender snd.$ormrrer otherWise a�rx in Mriti��any ap�iication of ptocads to pcincipal shall not crten�or -_ _--
<br /> - , p�o s tpone the due dai�of the monthlY paymeats�eterrcd to ia praecaphs 1 and 2 ar chsn�e the atnnunt of t�e pyments 1�'�`� �"""'"'_
<br /> tf under Psra�raPt►.21 the Property is soquised by Iender,Bonowe�s right to any insutance policies and pmceods ':`,.�'-R�---�
<br /> �resultiir�from damsge w the Prope�ty priar to tlrs�aqnisitioa sha11 pass,to I.eader to thq eitent ot the sums securod by ���---
<br /> this Sec�nity Inatrument immedistely psior to the acquisitian. �`'� ��: _-.'"�
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<br /> 6.Oc�upaacy.Ptaaarvstioa.Msiateasn�e sad Protecticm dFti'rcPropesty;Bortoaer'a Lwn Application: -
<br /> 1..eaaehotd�Borro�ver sh�ll Qccupy.esuMisb.and use the Property as Boimxa's priricipel residence Nithin sixty days :�- �-=-
<br /> alter the_�:ecution o!tl�is Secutity lnstrument and shall continue w occupy the Property as Bomoxer s principsl - :.
<br /> �esidence for at last one yar atur the date of oocupncy.unle�Lender othtr�vise aYrees in writiag,which coasent shall ��,:r�- �:=
<br /> �,3,,.,A,;;:-::;.��?_�:;: not be unreasonablq�vithheld,or unleas ertenuatingcircumstances axist which are beyond Borrower's control..Borrower . ' �=_-
<br /> .,� �;, . . . .��.
<br /> �,�_tt:.�:•. �:. -s��.;� shall nat destmy,damage or impiir the Property,altow the Property to deteriorate.or cominit waste on tha Property. �-
<br /> __ ��_ - : Borrower shall be in defauit ii any forieiture action or proceedia�,wAethec civil or criminal,is begun thst in Lender's � ��
<br /> .,�.. .. �: ; .: -, ,' .
<br /> . Pood faith judgment canld tesult in fodeiture of the Praperty pr othetarise materiatly impair the lien cnated by this � ,' �y�';�
<br /> '� .�-�� .� .„�.;• � Securiry Instnitttent or I.ender's sa:�rity interes�Borrowa msy cure such a default and reimKsu.as provided in � - :. . . . �::_;
<br /> �����"' '• �� " para�rraph 18. by causing thc action or procading to be dismissod with a roling that, in Lender's �ood,faith �, • "
<br /> a
<br /> determination.pr�ctudes forfeiture of the Borrower's interest in the Pcoperty or othor msterial impairment of the lien ; � ��r�
<br /> - - -=- . --�.-.-.. crrated by this Savrity Instrnment or Lrnder's socurity interest.Borrower shall also b e in•d e fau lt i f B orrower.d uring `�:--_'� -'- -.
<br /> �� � the loan application..�cocess,gave materially fstse or inaceurata iniormation or statements to Lender (or failal to f . -
<br /> ' � ., : '. prcivide Lentkr wit?��.�ay materiai information)in connection with the I�aa evidenced by the Note.including,but not �
<br /> , .• timited.to.represen'tations cancerning Horrower's occupancy of the Property as a principal residence.If this Security� � r: �< .; �. . .
<br /> . ' ' .' Inst �r�snt is on s IeaseDold,Borrower shalt comply with all the provisions of the lease.If Borcower acquii+es fee title to � . .
<br /> -- . � �.�� � � ttie'P�erty.the lasehold snd the fee title shatl not merge untess Lender agrees to the merger in writing. --------- �---- _ _-
<br /> ' ' , T,Protection oi Leader's Rishts it�the Property.If Borrower fails to perform the covenants and agrcements ', .
<br /> ��-.-, " - wntained in this Security Instrument.or thero is a legal proceeding that may significantly aflect Lender's rights�n the , �
<br /> .� ' � Psoperty (such as�a proceeding in bankruptcy. probate, for condemnation ar forfeitun or m enforct Iaws or .
<br /> � � '; "` _ regula�i��s�.then Lender Ynay do and pay for whauver is necessaty to protect the value of tAe Property and Lender's :�
<br /> � ''�"'''� �'- : � righ�s�n the Property.Lender's actions may include paying any sums secured by a lien which has pnority over this ' ' .�.
<br /> 't. ;�,,.,�� . . .
<br /> �: • � � . Security Instrument,appearing in court,paying reasonable attorneys'fees and entering on the Property to make repairs.
<br /> � ^' ' Although Lender�.a��take action under this paragraph 7,Lender does not tiave to do so. '
<br /> ' Any amounts c'�sbursed by Lender under this paragraph 7 shaU bec�me additiona?debt of Borcower secured by this . ,
<br /> -� - �- � -� - �� Security lnstrument.Untes�Borrower and Lender agre,e to other terms ot payment,these amounts shali bear interest � . . , , �-. ,
<br /> .. , . � . fro�re�Fte date of disbursement at the Note rate and shall be papabte,with interest,upon notice from Lender to Borrower _,;
<br /> � *ecfue�fig PaYment. . . . • '.
<br /> � ' 8.Mortp�e Insutance.If Lender required mortgage insurance as a condition of making the loan secured by this • �
<br /> . � . " Sec�rity Instrnment,Borcower shali pay the premiums required to maintain the mortgage insuranae.in eftect.lf,for any ;�'�,. '
<br /> -- . , reason, the mottgage insurancs coverage required by Lender lapses ar ceases to be in effect. Borrower shall �ay the : ;;::;:,;�'
<br /> • pmr.zcLms required to obtain coverage substantially equivalent to the mortgage insurance previously in effece,at a cost r',;c,�t :.'
<br /> ' %��=��-,.;�3:�-. .. . substa�trw�tlly equivalent to the cost to Borrower of,th��nortg,age insutance previa�csly in effeet. from ace slrxrnate ���-;�:�`.. . �-
<br /> �"' �s;;;::�'. „ mortg� insurer approved b;- I.ender. If substantisl;� �quivalent mortgage insecrnce oo��erage is noe a•�:table. ' . . .
<br /> ., ,� , . • Botro�vver shsll pap to Lender eacA month a sum equal w one-twelfth of the yearly mottgage insutance premi�.::rs being �
<br /> .,�' - - -. psid by Borroxer u��en the insurence coverage laps�ed or ceased to be in eifect.Lender aili aceeps,vse and retain these . �
<br />: :�� ; ��,� • payrnents as s toss reserve in lieu of mortgage insurance. Loss reserve payments may no Qanger be requited,
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