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<br /> perials tl�at Lender require��. 77ie{nsumnee carriet proviQ.ng the insura�ice stiall be chasr,n by Bancnvcr sabJcce ta L.ender�
<br /> appraval whictn shall not he anrcasanably withhefd. IY Durrov�er fail.g to maint�ln cmverage descrlbed ubnvr.,l.ender mxy.AY
<br /> i.ender'�option,obtain covernge to pmteet L.enderk r}gdta ia thc Propeny in�cardance with p�n�ceph�.
<br /> A8 insuranco policies nnd renewata slwl!ho accepwble to l,ender and shAll inebck a stondwd morigAge cPause. Lenctcr .
<br /> • shall iwvC the rlght tcr hold iM�l�Cieg a�!�r�wnts. if l.�ndcr require�,�orrower ah�ll pturr►ptty SIvP to l.ender all rtceipts
<br /> af paid pramtums�nnd nnewal notices. [n�he event of lou�.Borrower shall give prompt notica to the insw�uke curkr and
<br /> I.ender. I.ender mgy make praof of loss if not maek pro»�ptly b,y Borrowcr.
<br /> Unless l.ender and$oirower otherwise agrre in wridng,insurance praceeds sholl be applkd ta re,wwratlon ar tiepair of
<br /> the P1nperty damaged. if the re.storation or c�epair is economically feasible nnd I.enderls security is not lessened. lf the
<br /> cestoratlan or rapair is aat �economically feastblc or Lender;�secuniy would be lessened.the insarance Proce�ds shal!bo
<br /> nppUed to the Fums secured by thia Secudty Instcumen�whether or nc�t than due. with any excess paid to�orrower. If
<br /> Borrower abandons the Property.or does not answer wlthin 30 deys a notFce from l.ender that the insutance carrier has
<br /> off�red to seult a cinim,then Lender may coll�ect tho insurance praceeds. Lender may use[he praceeds w rcpair or restore
<br /> the Property or to pay sums secured by thiA Sccatity Instrument,whether or not then due. The 30�d�ty pedod wW begin when
<br /> the notice is given.
<br /> Unless Lender und Borrower otherwtse a�ee in writing,any opplicatIon of proceeds to princtpal shall not eatend or
<br /> postpone thc due date of the monthly paymants referred to in parcigraphs 1 and 2 or chunge the aznount of the paymenta. if
<br /> under paragraph 21 the Property Is acquired by L.ender.Borrower's• rigttt to any insumnce policies and proceeds resulting
<br /> fram damuge to the Property prior to the ucquisition sfiall psiss to Lender to the extent of the sums secured by this Securiry
<br /> Instrument immedIutely prior to thee acquisitIon.
<br /> 6. Occ�papcy, PreservaUon, Mointenance and Protection ot the Property; Borrower's Loan Application;
<br /> I.easeiiot�. Somower shall oc:wpy.�tabllsh.m►d use ti�e P�roperty as[3orcowcr's principal residence erithjn sixty days after
<br /> the execution of this Security Insuument and shuU continue to occupy the Prnperty as Borroarr?s prir►ctpal�Iden�e for at
<br /> least nne year after the date of oc�:upancy. unless L.ender otherwise agn�es in wridng, which consent s6all not be
<br /> unreasonably wlthheld„or unless extenuatIng circumstences eaiat which ane beyond Barrower�s contml. Boirower shall not
<br /> destroy.damage or impair the Property.allow the Ptoperty to deteriorate,or commit waste an the Property. Borrower shalt
<br /> be in default if any forfeiture act3on or praceeding,whether civi!or criminal.is begun that tn Lender s good faith judgment
<br /> could �esult in forFeitw�e of the�roperty or otherwtse materially lmpair the lien created by thls Security Inshument or
<br /> Lender's secudty inten�sG BoROwer mny cure such a defuult and reinstnte,as provIded in parngraph 18.by causing the action
<br /> or procee.ding to be dismissed with a culing tha�ijt Lender's good fnith determirtation.precludes forfeiture of the Borrower's
<br /> interest in the Pmperty or other muterial impaiement of the tien cr�eated by this Secunty Insuument or Lender�security
<br /> intenesG Borrowzr shall atso be in default if Borrower. during the loan upplIcation process. gnve mAterially fulse or
<br /> inaccurate infozmation or statements ta Lender(or failed to pmvide Lender with any materlal information)in connectlon wjth
<br /> "''����� the loan evidenced by the Note, including, but aot limlted to, repmsentations concemin� Horrower� occupancy of the
<br /> Propeety as a principal,residence. If this Securlty Inswment Is on a leasehold.tiorrower shait compiy wich uU ttee prc�vi�iw�n
<br /> �' of the lease. If Borrower acquires fee tltle to the Property,the leasehold and the fee title shaU not merge unless Lender agrees
<br /> � .��'S:��r y
<br /> ,,r, �,,. �� to the merger in writin€.
<br /> �`' `^•""�l�r''�'"��'�� 7. Protectfon of Lender's Rights in the Property. If Borrower friils to perForm the covenants and agreements
<br /> �q�:l�1::J/. .7 ..�.
<br /> rw." ,�r �'!�: contained in this Secwity Inst�ument,or there is u tegal procceding that may signjficently affect i.enderk rights in the
<br /> ',,'�;l'?�;x�k
<br /> :� ,_-,�, „ Property(such es u proceeding in bankcuptcy.probate,for condemnation or forfeitt�re or to enforee laws or regulutions),then
<br /> �:�'�..F�%�;;?�;:�:�=� Lender may do and puy for whatever is neoessary to pmtect the value of the Property nnd l.ender�s rights in the Prc�party.
<br /> ��r�t Lender's actIons may inclade puyin�any sums secured by a llen which has pdoriry over this Security Insuumen�uppearing
<br /> �:.si�r.•;a,�•.��., in court.paying reasonuble attomeys'fees and enterin�on the Propr.rty to malce cepaics.Although Lender may take ucaon
<br /> _ � '' under this paragtaph 7,Lender daes not huve to do so. ''
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<br /> e:'�� i�+��:���*r� Any amounts disburse.cii by Lertder under this parngtaph 7 shall become udditionnl debt of Bormwer sectwed by this ,�
<br /> �'�a,;"
<br /> ';� �.Y>• Seciuity Instrument Unless Borrower und Lender agree to other terms of payment,these amounts shal!beaz interest from the .
<br /> " �'"?�' dnte of disbursement at the Note rute and shall be payable.with interest,upon notice from Lender to Bonower requesting ��d
<br /> ...._ . . . n'•�: payment. �re
<br /> • °*r�A;- S, Mortgage Insurence. If Lender required mortgage lnsurance as a condition of makin�the loan secured by this ;�..
<br /> �°'ry*k�t"�°�. Securlty Instnimenb Borrower sh�tll pay the premiums required to maintsin the mortguge insurance in effect If, for siny
<br /> ';��r•._-,_:: : •1��;; ; reason. the mortgage tnsurance coverage required by Lender lapses or ce3ses to be in effect. Borrower shall pay the
<br /> `.���;.,:� :..•:�.�� ; premi::ms reqwted to obtain coverage subswndutly equivalent to the mortgage insurance pmviously in effec�ut a cost -,
<br /> substantially equiv�lent to the cost to Borrower of the mortgage insurance previously in effect,from tu►ultemate rnonga�e �!r.
<br /> ,�� • • Insurer appmved by Lender. if subs[antially equivulent mortgage insurartce covera�e is aat available. Borrower shall pay to :.
<br /> �--' Lertder each month a sum equnl to one-twelfth of the yearly mortgage insurac�ce premium being paid by Borrower when the "`
<br /> '*�_:. � insurance covera�e lapsed or ceased to be in effect. Lender will:tccept,use and retatn these pAyments as a loss reserve in Iteu
<br /> , . of mongage tnsurance. Loss reserve payments muy no tonger be required, at the option of Lender, if mortga�e insuriu►ce
<br /> � ;•:„ ' covernge(in the amount and for the pedod that Lender requires)provided by an insumr approved by I.ender ugsun becomes �
<br /> r " �• ` available and is obtnined.Borrower shap puy the premiums requimd to mnintain mort�age insurance in effect,or to provide a
<br /> : ': . . loss reserve,unt�l the requirement for mortgage tnsurance ends in uccordance with uny written ugreement between Borrow@r
<br /> ••�r and Lender or applicable law.
<br /> "� 9. Inspectton. I.ender or its agent may make reasonable enuies upon and inspections of the Properry. Lender shull ,
<br /> � �.' � ° . give Borrower n�tice at the tIme of or prior to:tn inspection speclfyin�reusonable cause for the inspection.
<br /> �� 10. Cortdemaadon. 'Che proceeds of any nward or ciuim for damn�es,direct or conscyuentiuf,in conne�:uon with any
<br /> �' Single F�mity»Elnnnk Ma�ulEhddk Mac UNIFORM INSTRUMENT--Uniforcn Coveaant�s 9l90 Ipuge 3�jApuRe.+1
<br /> F Y. iaent w�a ens�ars Fasm.�nc.•
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