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<br /> -•:�,��� -_ � _�Y�O(1S t�I3t�RltdL'f fCQU�ICS. �tB�IIS6Il1RL'C�1riSEY'gIGYZt�SlIg,6"i8�S13i1RCC B�,GQ C11t�5Ci1 �82i�DW�� [3 - ,
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<br /> ' . ;F�''y°�� uppravs�i wh�sh st�alt not be u�ortabIy w�hheld. If 8mruwar f�s m mnin�'a3n coverage descn'bed`a6ovs;Le�der.m�y.at . ; `
<br /> ":Y:t��� w'„;�.�; �Lcpder's optian«obi�in'cc�re�age to R:nfec�Lender's rigiitv t�t the prflp�ty in ac�.ord�uc�witb pa�a�rairJ�7- �
<br />- ..:',,�=,` � fi . = ,, , A!!insurnnce p�ticie�and ceitertals sf�uil�accepfa6ie ta IBnder an�s�a�inctedY�suiiidard mo�age�ciatc.�r. Len�er . �—
<br /> _ --� .'�`''�`�; sAssU tu�`ve the righ4 to hold stse pol�cles c�n8�a�ws�Is. If Lender iequire�,Bahawer skaH PmmP41Y gi�e oa l.p�silI tecei�ts�' ` -
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<br /> . �<{7,..;..:�. Of pai@�emiums andc��.wal rroEires. In th�everit�af Ia�Bmc�swe�sAatl give pmmptn�tics to the ins�raar�e c�iier�' <
<br /> =;_� 'r">`-:`�-� :�`:�,.- t Lender. Lend�r may maks praof of tass if nat mRde prampUy tiy Borroei�r. � ` ` . . ` . �
<br /> _ ��. :,. ,.�. . , Unless�.ender and Haaower otheavlse agree in writing.insara�ce�ds s�I!6e applie�flu test�rasion ar repair af � � ,
<br />- - . ,''.� :��' the Pro�en5+dama&ed.if�he cestoratIan or aepav is esonomiculty feasible arid Ler��dcr�s scc�inty is not,tess�ned. I€•ths �
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<br /> �_.._`�:< <.. ` iestorauon�r repair is ac�t ecoaomi�tiy feasibls or I.er.der'§secmity c��anld be iesse�red,�ie insurance p�ceed�sha�l.be .. � -
<br /> ` < :: � ` uppiipd ta the suazts secuced�by t4�is Secarity tnstrumeat,`tvheffiet or not then dti�.wIth pary exc�ss P�ta�fls�i- �f_ . _
<br /> , } Bor�wer ahandons the Paogerty,or daes aas aa�s�ver.witl�in 3U days a nntisx from Lender t�tat the insurance-catrier 4aas • - --
<br /> . :�° , , ...: offered to settle a ciaim.,th�LendQr may collQCt thQ ins�uanoe pmceeds. Lerides may use the pmc�ds ta repair ar r�sGoie
<br /> _ E!;.'` ; .� •. r t�e Prope�y.or m[iaY sums sec�ed try dris Security Tn.su�teat,v�hether os Qat Qren due. 'I�30day�od will begin a+hc� .
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<br />� �:-i,- ". '': `� : the notice is�iven.. , .
<br />- - -- -• ' Uniess Ixnder and Bosowar ott�rwise agee ia wtfting,anY flPPl�a�on of proaeeds�ta�incigai sliall uoi ext�td or� .
<br /> �.��'�'� � ..� �° postpone the due date of the monthtY P3Ymeats tefeued W is�paragra�hs 1 az►d 2 or cHange the amouat of @te payments, If `
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<br /> under patagrag6 ZI tlie Pruperty is aoquimd by Lender.Barrowera nght to ssay insuranc�po3iaes and pmceects resafti�.
<br /> , _ � ' - from daa�age to the Aaperty p�ar to the acquisition shaU pass to I�der to the extent of tUe s�s secuned 6y td�is Secutiry . ,
<br /> " ' Insu�unent immediately priot to tlte aaquisidon: ' .• ' . • � ; . � --
<br /> . ` 6• Uoca�Paney. Pr�servattaa, Ma[nt�ance'a7nd PratecHon of the PsBperty: Bari�uwqt'� I.oan APp�it�t[�;
<br />- =�s . . � Leaselaolds. Bmmwer shall occapy.establish.and use the Prop�rty as Bcusawer�s'prim�pal tesldeace.wltUin suty days aftor
<br />�_ :::` �� ' the execadon of this Secarity Iastrument and shall coatinue to aa:uP9 the�Aoperty as Brnrovuer§psiac;pal eesidenoe for at
<br /> F. }S.: . .
<br />_ . ., °� . least one year aRer the�'ilate of accnpaucy, untess Leader otheiwise�s in urriting, w�ict� cans�nt shall not be
<br /> � . ;' ��, uFueasona6iy witbheld,or�Iess exteuuaring c3rcumstances eaist whiCh aie beyand Borsuwer§controL 'Barrower shall aoi
<br /> � � destroy.damage or unpair t6e Ptogetty,ailntl�the Pmpe�ty to deterio�,ate,or comnsit aasie aa the Yroperry. B��er shal! .
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<br /> � __. ---.- -..-.6e in defau[t if any finfeihue aclion ar prooeediag,whether civ�ar.crimmat,is 6egun that m fRnder's gaod faitb judgmeni
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<br /> • � ;: � ,;, .. coufd-�iesa�f`in�or�eituie of tTfs Prapesiy or atherwise materialiy unpaii the lien cieated by this Secwity�Ins�t t�r
<br /> � � �'.�.� ' Lender�s secinity ime�est. Bormwer caay c�u+e such a defaWt and reinstsue.as provided in pa�agraph 18.pY causTng the aCdon ,
<br /> - . �. ' or proceeding w be dismissed with a mling that,in Lender�s gaod faith determination.Precludes forfeit�re of the Baaawer*s
<br /> - : , inte�st in the Ifmperty or other mater;al uapaumeat of ths Gen c�ated by this Seciuity Instrument or Y.ender's security
<br /> • .. . ,•. •
<br /> "` ' intelest Bomower shall also be in•defautt if Bamower. durin the loan plicazian proces.�,gave matedally false os.
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<br /> :. .�� , u�accnrate information or stateinents to-1.ender(or faited to provide Lender with any material informaEian)in coa�ectian m
<br />_'{ the loan evidenced by the Note, including, but not'iimited to, represenrations conceming Bormwer's occttpa�y of the.
<br /> - �. ,::.. . Froperty as a principak r�sidence. If this Security lnsdument is on a teasehotd,Borrower shall comply with aD the provlsions _
<br /> , . of the lease. If Borrower acquires fee tifle to the Froperty.the IeasehoId and the fee tiue shali not merge unless Lender ag�s ,
<br /> i , . .�,.�:4;.4;� . . to the mergProtettton�LeRder�Rightv!n tlte Pt�operiy. If Bomuw�r fails to perfmm the covenants and agreements • ,
<br /> .: r��' ' . " contained in this Security [nsuumen� or there is a iegal proceeding that ir�ay signific�atiy affect Lender�rights in the
<br /> _ '�' �'-,yV.,..� Property(such as a proceeding in banla�upuy,probate,for condemnation or forfeiture or to enforce laws or regulationsj.then
<br /> ,s,.,,,�••. ... � • I.ender may do and pay fflr whazever is necessary to gmtect the valae of the Property and L.ender's righu in the Pmperty.
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<br /> • .;,��,_�, Lender's actions may iny�:r�payin$any siuns secuied by a lien whieb 6as priority over this Secnriry Instrament,appearing
<br />-" • . . � in caurt.paying reasona��.�ttomeys'fees and entering on the Properry to make repaits.Atthough I.ender may take acxion
<br /> � • . . . under this paragraph 7.l.e�ei does not have ta do so. ' ' . !
<br /> ' � Any aznounts disbais;d 6y Lend�under this paragaph 7 shall become additional de�+:'o�Borrower secured by this
<br /> , . ., _. :
<br /> ;...,:-;•:;�-.� -_- Secwity Instrument. Un[�-�s Bmmwer�d Lender agree to other teims of paymeni,t�ese amounts shall bear in:e;est from ths _s'-��_
<br /> ,;� '- , date of disbuzsement at tia:?tiqte rate and shaU be payabfe,with inteiest;upoa�.?u.�fmm Lender to Borra�z�r sequesting ���
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<br /> • S. Me�atgage Ins�nce. If Leader required�nortgage insurance as a conaiuon of making the toan secured by't�is. �,-,,. _.
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<br /> ��t�.,r, Securiry Cn��ert�Borrower shall pay the premiums t�ecJuired to maintain the mortgage insurance in effect If,for�,ny.�.. ____--
<br />- : .. . '����rf } reason, tt:ci�tgage insurffitce coverage reyuired by Lender lapses or ceases to be in effect. Sorrower shafl pay i8r:,;' . ----
<br /> f . . . � premiums reqnired to a�in coverage substandally equivalent to the mortgage insurance previously ia effect,at a cosi• ;�
<br />- . :. " substantially equivaleac e+�.�c'he cost to Bomnwer of the mongage insurance previously in effec�from an atee�ate mortgage' �r�a_=- -
<br /> . _ . •- insurer approved by Lead'er. if substantially equivalent mortgage insurance cove�age is not available.Bormwer shall pay to �=-�---
<br /> • • I.ender each month a sum equal to one-twelfth of the yearly mortgage insurance pr�mium being paid by Bormwer when the �F__ ,�
<br /> � insurance coverage lapsed or ceased to be in effect. Lender will accept.use and retain these payr.:ents as a loss reserve in lieu - _ _ - -
<br /> � , of mortgage insurance. Loss reserve payments may no longerbe required,at the option of Lender.if mortgage insurance •'`��i"">:•:��-
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<br /> --�����' coverage(in the amount and for the period that Lender requires)provided by an insurer approved by Lec�der again beromes ����� -�•+y�•� ._-
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<br /> • •� ' . �. available and is obtained,�f3orrower shall pay the premiums required to maintain mortgage insurance in effec�.or to provide a _•s:.:•,,::�1 r-�--•.•-. •
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<br /> � .;,..� � . 6oss reserve.un61 the�;_irement for mortgage insurance ends in accordance with any�written agreement between Borrower -- •. . :'�Ti-�
<br /> .� : �., and Lender or applicable law. � � ` !•�:,�'� • �� '.' .
<br /> : 4 C¢;.�pectton. Lender or its agent may make reasonaDlo aasries upon and inspectio:�s�[3�e Property. I.ender shall ' . • •
<br /> � give Be�re�-��r notice at the ame of or prior to an inspection speci�-ec�g reasonable cause for the iaspection. � ,
<br /> .:.j �. ' � ,� 10 Q:ondemaatlon. The proceeds of any awar��s cEaim far damages.direct or consequential.in connection with any • ° .
<br /> ; ;'�;;;,:.,. ... . ' Single Ftunity»fanale MaeJFavildf:e Mac t'1'HFORM IN5TRUIV�!rT--Unifortn Covc�ntv 4l40 (�uge 3 oJ6 pageJ) � - . .:
<br /> . . . . . . ' to Oc�s�/6�03�lpo�i�ie�a�•usf " ��}il�itt?•,��;::'' .
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