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<br /> t�� r��..� -- -- 5.�'��►��+o� �i9rr3f�ce. Bmrro�ver sT�a11 �►the impr8venteats npcv�e�stt'ng or F�ee �:- 1erected an t6� l — ___
<br /> - . �- "� � Pi+oPertY�nsured again:t toss by iire.fiatarsts inciud+�d�within t6e ter�"extended cov�e"and nnyr other E�tds, ineluditt�
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<br /> _�——_- ' _ finatct`.c�:Annd p�n fn7�v�1:2.Cit(�F F@Qt1fi�R �IlS in��r�nc� , ' �p tIi i1d14S ----t - -- - --
<br /> , i - stuanr.�- -�hatl bt.mvnLUned ---e aS�w —and fo-the-perio3s------- .
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<br />'c� ::`�.;�{z:;`,._=f' that Leuder`atquises.'Tiie i uranae<r.arrier pmviding the inswzutce shall be c.swsen by�arrowei su ecti ta - er s approvaT—
<br /> _ � which shall not 6e unreasonab�r t�rithfteld. If_Bariower faiis ta�e�tain mverage descrihed ahove. 1.eIIder raay.at Leader's ---- -- -
<br />= � �' .a''," - • � bption.obmin coverage to pmtect Lender's rights in the Fropesty in acwrda.nc�with paragraph�. ' ` `
<br /> � ��:',f.��:'�' �:.z - All insurance�pufic�es arid re�ewais sha!!6e aooepr`abie ta Lender aad shall include a standard mortgage''clat�s�. Leader � -_ --
<br /> ' �> '`��. ,`, �; shall have the right to haW the policies ansl rec�ewals.If Lender requires,Bonvwer shal!pmmptiy give to Le��er ait�eceipts of --
<br /> � � � °� '. paid premiums and�ne�val n�fioes.In the event of loss�Botmwer shali give prou�pt notice to t�e iniuranoe.c�rrier and Lender- � y� __ --
<br /> . � ; , �.. . �'#-� ::
<br /> _. _' -f� — L s-� � �.eader trr�tt�ake pmnf af loss if nnt made pmmptljr bg 8oitnv�er. • � . -
<br /> �,;, . Unless L�nder and Barrower othec�vise agree in writing.insnrance proceeds shaU tie applied to cEStoration or repair of the �=a� .; —._-
<br /> -. = ' . �P��5�•if the testoration or r�air is economically feas�bte and I.ender's security is not lessened.If the rest�ation ar �xLLN;F=�.:---�_---
<br /> _ ��,:. " -`�:,:� m�air is aot eoonomic�lly feasblc or Lsader's secarity wouI#f�tf�ed.the i�.���ce proc�tls shall 6e applie�t,�y��sams - _
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<br />_ .r-� - ..N•?' ��by this Securiry L�sdrument;.whether or not then�; �.�iri���.,�paid ro.Bormwer. If Borrawer si�'s;ns the _ -. ---
<br /> � -��°`.••J•� } - Prap c�.�lae& tanswer an
<br /> �;, t , r. �;,:. n4 th�a�1`�1ys�nut''�.+�e f.t�,.�r.i�r.i�:;T�.imts�anoe carrier has offered to seule a�n,then
<br /> _' ,�;{Fp����� v�'� ::. .Len�.��+eit:��collect the insurance p�nmcoeds. Ix'm`���,��:;pibceeds to repair or restore the Progerty or to gay sums , ----
<br />- `,�4?. 51 1`,��, :�(�:�3,i;h�sis Security Inst�nmeat,wfi�her or not�then�i�'��Q=day period an'Il begin whea the notice is given. • _ _
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<br />_ `;�.. :f?^�:;:'�.._ : brites5 Lender aad Borrower otherwIse agree in wriung, anY apFliration of proceeds to PfinaPal s6all troi extend os �,a:;s:�= _
<br /> ';��`;':.:�. '�:''.,: "'� e the due dste of tHe monttil . ts referre�to in ge the amount of the paymen�.c. If r:s�`---=�-=_-
<br />� �..;,�_. :. :. '. P�PQn Y PaY�n P�P�P�s 1 and 2 or chan ----
<br /> -:� ` : -+ .�1., ' under paia�h�1 the Property is acquired hy I.ender.Borrowe:'s right to any insurance policies and proceeds n�sutting from ��� -
<br /> � _�-."r`�':�,> '�:.�� ��`�J � dama�e to the Praperty prior to the acquisition sha}I pass to I.ender to the extent of the`sU�s secured by this Securiry IInstrumecu j��_�y=
<br /> " ' ' ` immediately prior m the acquisition. ' _------
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<br /> • 6.Occapnacy,Prrservatfon,t�9ntntenuace�rnd Protectton oi the Propeety:Bore+t►�wer's I.oan Appltsatton;I.easeiwids. � ...'�:" �W
<br /> Barrower shall crecupy.establi�h,artd use Ihe Pmgeriy as 8orrmver's princip�il residence withirt sixly day�+after the execution of ::_%._';�.��:-_
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<br /> , �.-�--- . ..---thix SPCUCiry-Inc�run�en�-anct�shall-rnntinue-to..��ccupy.lhe.Prnperty c�c-Burn�u�er'�+.priaeipal._rcsidenee._fnr�t.lenst._one_yqr_s�Rer_.-_--;--.---�'".';'�,,,�•`_-
<br /> ,. thc datc nf nccupancy,unletis l.ettder othcnri+c agrces in wricing, which con.ent shatl nnt be unre:uonably withhcld.or uniess _�-__
<br /> ' - cxtcnuating cinunutances ciiyt wbich tuc heynnd Aorm�ver's contral. [iorrower tihall rtot destroy. damage or impa'sr the _ ���•}-�:.�:
<br /> " ����.`' Property.allo�v the Property ta deter�orate. �r commit wasee on the Propecty. Borrower shall be'i�e,defauit if any forfeiture '.�>`'-r�'
<br /> . . . ,.�•', t���'`
<br /> , ---� -actian�u prcrcxding.whett�er civi!ur criminal.is lx�un that in Lender's goad faith}udgment cauld resuit in fydeiture o[the
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<br /> . �� ,:... .: • Prvperty or oQterwise materially impair the lien created by tliis Secvrity Lnstrumeni or Lender's security interest.HorioweT may . �•?�•�� -
<br />- � � ' cure sush u defauh and reinstate,as providad in paragraph 18,by causing the action or proceeding to be dismissed with a ruling ` r'•'':;'';,
<br />. ' ' th�t, in i.ender's good faith determination, precladcs forfeiture of the Horrowes's interest ire the Property or other materiai ; ` �' '
<br /> =' ' icnpalrment of the liert created by ihis Security Instmment or Lender's security interes[. Borrower shall also 6e in defau[t if , ,��..���'i '
<br /> ' � .j' ' �' ;' Borrower.during the toan applicatian process,gave materially false or inaccarate information or statemenu to I.ender(or faited ��?�`��`•?�
<br /> .:
<br /> '- ��' ? . to provide Lender with any material.informadon)in rnnnection with the loan evidenced by the Note,inclt�ding.but aot limited °` `;�. , °
<br /> . to..tepresentations wnceming Borrower s accupancy of the Properry as a principal residence.If this Secwity Instrumem is on a .-��� � '�
<br /> r,�•�� . leasehold,•8orrower shatl comply cvith all the provisians of the lease. If Borrower acquires fee titla to the Property, the ;
<br /> � . . . leasehatd and the fee titte shal!not merge uWess Lender agrees to the merger in wriring. � ,'.�,�;� '
<br /> ` , ,. 7.Proteetion of Lender's�Rigtits in the Property.If Borrower fails to perfocm the wvenants and agreEments coQtained in .. ;''ii:�,
<br /> � this Security Instrumeru, or there is a tegal prac�ding that may signifiran:ly affect Lender's rights in ti�-Fro�{such as a � '..,,-�:;� ;
<br /> „ ° proceeding in bankruptcy,probate. for oondem�:�avn or forfeiture or to enforce lativs or regulations),ttu�L.�tii�ciaiy do•and . � �.��._' �
<br /> - -�;:;,�-�� . ' pay for�vhatever is n�ry to�ro;�ct the va��_of the Pn��rcv,ar.d Le�der's righu in the Property:Qr�.�'s�ctians may ' , •,.� _�r'=�'
<br /> . . act � >: ;
<br /> �`'�' �' ` include a m an sums secura�:L�a tien�._.:s has rrc-:+:.�a�-e� c:..� Seturi Instrument. a earin in���uPt; payin '� •'.•��
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<br /> teusonable attomeys fees and enteririg on the l�cs fi:erty to make repa;rs.�!;���ough Lender may take action under tfits paragraph .
<br /> 'r.� . � 7,�,ender does not h:���e`to do so. . ,' , � . �� •.._ ��. '"+ �'.''
<br /> . ' • � . i, ' Any amounu�:�tiursed by•l.ender under itiis paragraph 7 shall tiecome additional debt of Bonower secured by this ' �`,�t=� � � . .
<br /> � � . . Secur�*���nstr�ment. Unless•Borrower and Lender agree to other terms of payment,these amounu shall bear inter�i�rom the
<br /> • s:': ; ; date of disbarsement at the Note rate and shall be payabte. with interest, upon notice from Lender to Borra�ar ii�questing >�.�•::y�`.: :,
<br /> ,`:. '• . , _ payment. ' • .� � � • `��;b.::`.�:�;
<br /> '`='}� ' S.Mortgage Iasnrance.If Lender requireci�r..ortgage insurance as a condition of making the loan�,:u.*�b}�.t4:is Securiry ' � : �r=• "', •'�•'y:
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<br /> .. • . . tnsttument, Bonower shall pay the premiums c�ired to maintain the mortgage insurance in effect.;tL;:cn':�v.n�son, the : , �
<br /> ��+�. �• mortg�„e insura�ce coverage required by Lender lapses or ceases to be in effect, Borrower shall pay tpe�remiu�i��uired to � -
<br /> ��,���� �`� '' � obtaia coverage su6staatially equivalent to the mongage insuiance previously in effect.at a cost substasbally equiu:tT�:t,to the . • . •
<br />_ . . , cost to Borrower m�'�i mortgage insurance pr�vinusly in effect. from an altemate mortga�e insurer��roved t�y L.ender. If - •. ' . �
<br /> . •, substantially equi r�.�:nt morlgage insurance cos�pe is qot available.Borrawer shall pay to Lendev c-�ti r7omh a s4r.�equa!to '' � � .
<br /> . ' on�iwelfth of the yearly mortgage insurance premium being paid by Borrower when the insnrance coc�•��••iapsed vr ceased to '` ' . .
<br /> be in effect.Lender will aocept,use and retain these paymenu�s a loss reserve in lieu of mortgage in<ur3itor,. [�3�.s reserve ' ` ._ • . . •
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