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<br /> — �• . RE RECORDED
<br /> dtrlod's that Lender rcquires. The inauru�ce carrler providina the insuranae�11 be chaen by Bacrower sub3ect to La^derti
<br /> �p�pcov�l whkh�ha1l not be unreasonably withheW. lt Barower f�il�to m�let�iri cavec�e deecdbed above.l.a�de�may.et
<br /> 1,erderh option,obtaln covera�e to protcet l.endery ri�hts in the Propeny 1n a�xordance with p�r�gnph 7.
<br /> All inwrw�ce policies and rcnewals shall br�cceptablG to Lender and sh�11 incluak a xt�ndard moct�a�e ciAUte. l.ender
<br /> ihall huve the right to hold the pnliciea�nd renewals. If l.ender requircs,Borrower shall promptly�ive to Lender�Il receipts
<br /> of piid premiums Nnd renewal noticec. In the evait of los�.Barower rh�il�ive prompt notice to tbe insur�nco camer and
<br /> Lender. ILend�er mAy make proof of loxs if nat made promptly by Bcxrower.
<br /> �'°�—`_""�—�' Unless l.ender and Bcxruwer otl�e�wise Agrec in wndng.4taurance procccds shall bc arplicd to rr+t�xatf�n or repeir of
<br /> the F�roperty damaged, if the rcstomtion or repair is economically feasible and l�enderk security ih not ksxetKd. If the
<br /> restoration ur repair is not economfcally feasible or Lenderk secur�ty would be lesxenod.the lnsurance proceeds shall be
<br /> �pplied to the sums secured by this Security Instniment,whether nr nat then due,with any excess puid to Borrower. lf
<br /> Borrower abandons the Propercy,or daes not onswer within 30 days a notice from Lender that the insurence carrier hau
<br /> offered to senle a claim,then Lender may collecs the insurance proceeds. Lender muy use tl�e E,rocceds to rcpafr or rcstorc
<br /> the Pr:�xRy or to pay xums securcd by this Security Instrument,wi�ether or not ihen due. Tt�e 30-day period will begin when
<br /> the notice is given.
<br /> � Unless Lender and Borrower othcrwise agrce In writing,any application of praceeds to principul shall not extend or
<br /> postpone the due date of the monthly payments afcrred ta in paragraphs 1 und 2 ar ch:mnge thc aniount of�he payments. If
<br /> — under paragraph 21 tt�e Property Is acqutred by Lender. Bormwerl risht to any insurunce policies and proceeds resulting
<br /> from dumage to the i'ropeny p�tor to the ucquisition shall pass to l.ender to the extcnt of the sums sccured by this Security
<br /> Inswment immediately prior to the acquisition.
<br /> 6. Occupancy, Prrservation, MAlntenAnce and Protection oi the Propert,y; ibrrower•s I.oan Applic�tton;
<br /> I.easehoWs. Borrower shAll accupy,establish.:ind utie the Ptoperty as Borrower+principal residence within sixty days after
<br /> -_ the execution of this Security Instrument und shall conti�ue to occupy the Property as Barrower• pn cipal n '�lrnc�e f�r u�
<br /> leust one year af'ter the date of occupuncy, unless Lender otherwise agrees in writing, which consent shull not be
<br /> unreasonably withheld.or unlesx extenuating circumswnces axist which are beyond Borrowerk control. Borrowe.r shull not
<br /> de�troy,dnmagc or impair the Property,allow the Property to deterioratc,or cammit wastc on the Property. Borrower shall
<br /> be in default if any forfeiture nction or proceeding, whether civil or criminai,is begun that in Lender's good fuith judgment
<br /> could result in forfeiture of the Praperty or otherwise materially impair thc lien cmated by this Security Instrument or
<br /> l.endert security interest. Borrower muy cure such u default and reinxtate,as provided in puragruph 18.by enusing the action
<br /> or proceeding ta be dismisscd with u ruling that,in Lender i good fnith dctermination,precludes forCeiture of thc Borrower's
<br /> intemst in thc Pmperty or othcr muterial impaicment of tbe licn crcutcd by this Sr.curity Instrumcnt or Lender; sccurity
<br /> intcrest. Borrower tihall also lx in defuult if Borrowcr, during thc lo•rn applicuticxi process, guve matcri•rlly false or
<br /> ,�: � inaccurate infonnution or statements to Lender(or failed to providr Lender with any material information)in connection with
<br /> : the loan evidenced by the Note, including, but not limited to, reprcuntationti rnne:eming Borrower� occupancy of the
<br /> --,,,.�:��,:,_ ° t'roperiy x:s prittcip:s!res'sdence. It'thi�Sr�-urity In�tntment i�on a leusehold.Borrower shull comply with all the provisiony
<br /> ,y,; •:; .. , , of thc Icatie. if Borrower ucquirex fcc titlr to the Property,thc IrnsNhold und the fce tidc,hall not merge unlexs L.ender•rgree�
<br /> .::f,;:',:l •� ro the merger in writing.
<br /> _.,'�:;r'•�,;,, ; 7, Protection of I.ender's Ri�hts in the Property. If Borrower fnils to pedorn� the covenunts und agreements
<br /> ''""" contained in thi� Security Instrument, or there ir u Icgul p�oceeding thut muy significandy alfec:t Lender� rightx in ihe
<br /> .r•.•:� . . .
<br /> -t•�r.•, ����;'` Property(such us a proceeding in bankruptcy.probate,for ci�ndemnution or fortciture c�r to enforce laws or regulations),then
<br />" '''''� Lender may do und p.►y fur wh.�tever iti neressury to protcct Ihe v.due of thc Property unJ Lender� rights in the Praperty.
<br /> .ti.:.;.: . .
<br /> Lender's nction�muy includr paying uny sum,,crurrJ hy u licn which has prii�rity over this Security Inxtrument,appearing
<br /> • � " in court,paying rruscmuble uttomry,'fer,and entering on the F'm�xrty to muke repairs. Although Lender may take action
<br /> ' ' � under this paragruph 7,Lender cicx�s not huvr tu du�o.
<br /> : ;:'.�!�` Any amount�di�bunrd by Lcndcr and�r thi� parugraph 7 shall ixcome udditional debt of'Borrower�ecured by thiti
<br />= • ' Serurity In�uument. linic»Bu,�uwc�and Lctidcr u�:rcr u�ottitr tcmi���f rnymrn�.rhr,r:�m��untc chall tx•ar intercst from thc =
<br /> „r,� Ja[c of disbursement :u the Note rate and.hall Ix payuhlr, Nith intcrest,upon notirc from Lendcr lo Borrowcr reyuesting
<br /> ' payment.
<br /> 8. Mort�a�c Intiuranrc. If Lcndrr rc��uircd mc►rtga�c insurroirr as a rondition uf mui;ing the loan�ccurcd hy thiz
<br /> Scruriry Imtrument, Horcower +hall p:ry thr p��mium� rcyu�red ta tnaintain thr mortgage imurance in effert. If,for uny
<br /> ' rcaum. the mortgagc in�uraincr covrragc r�yuircd hy Lcnder lap,c, or rr:i.c� tu lx in eftcrt. Borrowcr ,hall puy thr
<br /> . . premium.rrquired tu obt•rin rovrragc ,ub,tantially cyuiv:ilent tu thr mortgagr in,urance prcviou�ly in cttcrt. at a c���t
<br /> • , �uhst:�ntially cyuivulcnt to thc co�t tu Burruwrr nf thc m��rtgugc iu,urunrc previou�ly in rtfrrt.frum an altcrnatr mortgage
<br /> • � imurcr upprovcd by L�nJrr. If.uhtitantiaU}�eyuir.ilcnt mortg:�gr in,uranrr ro�rragc i+not availanlc.B��rruwcr.hall pay tu
<br /> . Lcnder rarh nu,nth a .um ryual tu unc-twrltth��f Ihe yr:u�ly nwrtgagc imur:mrr r«�»����„n��„��aid hy Hurcuwrr whrn thc
<br /> ' . • in+urunre ruverr�e lapxd or rra,rd to Ix in rffect. Lender«�ill:ucrpt.u.r and retain the,c payment,a+u lu+ti reservc in liru
<br /> y�: " _ of mortg:igc insur.inre Lo„rr,rrve p:�yment,m.►y n�►I�mg.r Ix reyuirrd.at the uption of L�nder. if mongage imurance
<br /> j _ .. ci,vcragr lin thc:►mount und ti�r thr Exricxl th:it Lcndcr rcyuirc�)pru�•�drd by an in,ttrer uppr��vcd by t.rndcr ugaiu Ixrutnc,
<br /> � ��� � avuilahlc and i.uhtaincd.ButTOa•cr tihull pa�•thr�irrmium.ruyuirc�!ta maintain nwrt�:a�r m�uranrr in cftcrt.�x lo pro��iJc a __
<br /> j ` ' lo..n�crvc.until thc myuircmrnt tirr mongagc inrurance end.in arcurdcuur w•ith uny���riurn agrermcnt ixtwcen H��rrowcr
<br /> • und L.cndcr cir applirahlc law�. -
<br /> 9. Inspertiun. Lrndcr or it,agent ma��nut{.r rra.onahlc cnp�ir,upun and in,�xctiun+ut thc PruExny. Lrndcr shall
<br /> givr Borruwrr noticc at thc tinu of or prior a,an in,Exrtion.{xri�'pinr rca�unahl�c:iu.e t�n•thc im�xctiun. �
<br />_ . � 10. Condemnution. Th�pr�xrcd.��I.m� aw ard�,r rluim tiir dama�.r,.di�rri or run.cyuential.in cunncctinn with un�• k
<br /> - , SmFtr I.imil. Funnie�t�e F�eddie\tuc l\IFtIR\I I\ti'IRl�1tf\1 �1'nqonu t'���cnant. YiWI �/�d¢r?.�/n�a�er��
<br /> . . � • �,n•at I.�Yti Hn.id•.,t�mx.tn` � r"
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