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<br /> t , �riods sh:�t I.cndec•rcv,uic�4. 'li�c Sutar.ut;:�ta:iie�•��ruvlcii�i�itic i�i;ara7cc sliif!63�:hu:�'ll bji I.ivsTiirw't�r�t�ii�c�•�tu Y.s:�z�i,:y's _
<br /> a{�+rovr�l wh�ch nAuil�wt hc umra.�H�ably wiU�lae!�I. I�F Rurrowr.r fui1g tu�uuintain cu*+cra�e;�Its�reL'cd u�to�i,l.eiid�r inay,t�t
<br /> —_� 1xnJ,.r�3 u�tiau,obt4ii��cirvccag�t�s{�r��t�ct I.cn�Ier�:�i�lits ia il��:Pr�f�x�ty{it ac�:ur.lairc�with pa�.�f;rph�`l.
<br /> A!f insurance�wlicies ancl re�rwuiq xtu�ll be arCepubla to Lenckr�nd s6a11 include u standYrci mar�tgrge rlau.se. i.ender
<br /> --� ' sl►all h3vc tlic ri�;ht t�tu�ld�,1ie�wlicic4:uul rarc�v,ity. (f A.��udcr r�qtdr�s,(fuiruwcr shall�roropUy Eivc to I�cndcr:li rcccl�iiti
<br /> of peld pccndwns xttcl rcnCwal�H►tices. IIi(BC CYCIII M((159,tSOR0�kC1'STIAII�'t4C plOJIIP[IIOtlC4 I�IIIC 11itiUfMtit CiIRtCY ltUti `
<br />- [.ender. l.end�r muy make proof nf losa iF nat made prom�ly by ec►rrower.
<br /> U��le�v LenAer nncf Borrower o�hr�wisc ng�ec in wnting,insurAncr pnx:zcds Shnll bc npplicd to restoratlon ur rcpaix of
<br /> the P�operty dumugGd, if the rc+toratian ar repair is ccflnomically feasible and Leodery se.curit�is not iessencd. If¢he
<br /> astoratiun or npa.ir is�iat cconomicull� feasii�lc or Lcndork security woulG be lessened,the insuronco proceeds slmll Ix
<br /> applieci to tiK sums serurcd by�hi�Security Instrunicn:. whGhcr or not then due, witl� any cxass paici ro Borrower. If
<br /> _ _ -- Borrowcr:ibandons the Propeny,or dcies nat answer within 3Q days n noti�e from Lender that the insurance carricr has
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<br /> offercd to stitte n cinim,thsn I.ender may coliect the insumncc prnceeds. L.ender may use the p�rocceds ta repa�r or nestore
<br /> thc PropeRy or to pay sums s�c�orea by this Sccurity Inswmcnt.whether or not then due. 7'he 30-dny pedod wili begin wh�n
<br /> __ � the notice is givcn.
<br /> Unless I.endcr and Borrower gthenvise agree in writing,nny app9ication of procceds to principal sf�all not cr•.tend or
<br /> � pasipone thc due date af it�c monthly payments rcfemed to in para�raphs 1 nnd 2 or change the:unount of thr,paymereAS. lf
<br /> u�tder parngraph 21 the Fruperty ia ncqui[Yd by Lender, Borrower's righ�to:sny insurance policies and proceecls resultirig
<br /> � from damagc ta tlie Propeny prior to the acquisition shall pass to Ltndcr tu thc extcnt of the surns secured by this 5ecurity
<br /> - ----------- , In:;tn�ret�nt rmrnedi»tefy prier to the ecquis'sdon. �_
<br /> —�-- = 6. OccupAncy, I'reservatton, Matntenanee and Protecti9n ot the ProE►erty; Borrower's Laan Appllcation;
<br /> Leasehdds. Bi�mower shall occupy.establish,and use the Property as Borrower's principul residence within sixty days after
<br /> -.—_=__:_������r�n,;� the execution of this Security Instrumr.nt and shall continue to occupy tho Pronetty as Borro�ver'�prinsipal residence for at
<br /> --- lesut one year nfter the dute of occupancy. unless L.ender othenvise agrecs in writing, �vhich consent shnll not fx:
<br />�� - �,�• unrk�.sonably withheld,or untess extenunt9ng cireumsmnces exist which are boyond Ba�ower:s conccol. Borrower shall n�t
<br /> ����`��=�.� destroy.damase or impair the Propeny,nllow the!'raperty to detcriornte,or i�ommit wn:,te on thc Prop�erty. �oaower shall
<br /> __-�_�;:� be in default if any forfeiture�ction or praceding,whether civil or criminal,is begun that in Lender?�goad faith judgment
<br /> could result in forfeiture of the Property or othenvise materially impair the lien crcatul by this Secur6ty Instrument or
<br /> ,�'����:�,� [.ender b securiry interest. Borrow�r mny cure such a dcfault and reinstate,as pmvided in p�v�agraph 1 B,by causing the actian
<br /> y�:�.�,��:,r or procceding to b:dismissecl widi a nilins that,in Lender's good faith dexcrmin�tion,pnecludcs forfeiture of the Rorrowcr�s _
<br /> _ �,� �y�,; interest in the Property or other materinl impsirment of the lien crented by this Security Instr�ment or l.crtder's security
<br />�-:=��ia�`�'���'.'. interest. fiorru�ver shall also be in default if Borrower, during d�e loan application process, gave ma[erially false or
<br /> �"��-f"""'� ' ''- a � � n�nnl� rn nart n Wlt�l
<br /> _ �----�"-_�„•.r�n��;f�. inaccara�e iniormaiion ur�iaicmcui�io Lc�iuc� luT idilw aG�,Iv�I3�a,:.RL��::il�i wii�:f:S.eri�!ir.f�srr.�_.., R_..*L.---l—P.
<br />=�f.•�;•-�-:,:,..' _�• the luan evidenced by the Note, including, but not lirebitcd to, representations concerning Borrower's accupancy of thc
<br /> ''��"'``' '"•�� Pro rt ns n rinci al residence. lf this 5ecurit dnstrument is on A leusehold,Borrower shall comply with all the pr�visions
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<br /> .t�:`t; '•-��,' of the lease. If Borro�vcr acyuires fee title to the Property,the leasehold and thc fee title shall not rnerge unless Lender agrces —
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<br />_;"�.rff',;,�...�., :.`=�� to thc mcrger in�vriting.
<br /> ' ' .'•" ' 7. Protection of Lender's Rights In the Properiy. If Borrower fails to perf'onn the covcnants and agreements
<br /> �y`"`?�' "' ° ' �•' rontained in this Sccurity Instrument, or there is a Iegal proceeding that may significuntly affect Lender�s rights in the
<br />��-��. �`�`�"�, Pro rt Such as a ►oceedin m bankru tc robate,for condemnation or forfeiture or to enforce taws or regulations),then ---
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<br /> , ,'"Y:....... . .. .. Lender may do and pay for whatever is necessary to protect the value of the Properry and Lender's rights in the Property. _
<br />�,.,,�,�.,,,,,„ .,,,,.„ Lender's acuons may include paying any sums secured by a lien which has prioriry over this Security Instrument,appearing
<br />;:•�,.... . .. . . in court,paying reasonable attomeys'fees and entering on the Property to make repairs.Although Lender may tuke action
<br /> � ' ' ,: ;• undcr ihis paragraph 7,Lender ducs not have to do so. �,,e
<br />„,,����;._-�a:���' , . Any amounts disbursed by Lender under this parabraph 7 shull become additional debt of Borrrnver secured by this —�_
<br />;�:�,;,,1.:: •.�u���,.':, Sccurity instrument. Unless Borrower and Lender agcce to other ternis of payment,thcse amounts shall bear interest from the �ti.
<br /> � �..,,;,•,.:,� ,�. . date of disbursemem�t the Note ratc and shall be payable,with intcrest,upon notice from L.ender to Boaowcr requcstino �" :
<br /> • , _ .. ....M...w• � payment. �,_;
<br />- � •��,; S. Mortgage Insurunce. If Lender mquired mortgage insurance as a condition of making the loan secured by this :.^;
<br />- ''~ ��'`. ' ,� : Security Instrument, Borrower shall pay the premiurns required to maintain the mortgage insurance in effect. [f, for any ,��?
<br /> . � � �;�•c'�-:' , rcason, the mortgage insumnce coverage required by �.ender Inpses nr ceases to be in ef'fect, Borrower shaU pay the h:
<br /> .. . p�miums required to obtain wverage substandally eyuiv�lent to the mortgage insurnnce previously in effect, at a cost :,::
<br /> : • substuntially equivalent to the cost to Bo�rower of the mortgage insurancc previously in effect, from an altemate mortgage .
<br /> �,��. , insurer approved by Lender. If substantially equivalent mortga�e insu�nnce coverage is not avuilable, Borrower shnll pay to �.:;;:
<br /> ,-`��(��� � Lender each month a sum equal to one-twelRh of the yearly mortgage insurancc premium bcing paid by Borrower when the _�_
<br />��.�+.-. . � insurance covernge lapsed or ceased to be in effect. Lender will accept,use and retain these payments as n Ioss rescrve in lieu ,J�
<br /> of mortgage insurance. Loss reserve payments may no longer bc rcquired,at the opdon of L.ender, if monga�e insurance .
<br /> coverage(in the amount and for thc perind that Lender reyuires)provided by an insurcr approved by I.ender again bccomcs
<br /> �� uvailable and is obtaincd.IIorrower shall pay the pm�niums requircd to maintain mortgage insuranc;e in effect,or ta provide a `�, .
<br /> :�-�;�' loss reserve,until the requirement for mortguge insura��ce ends in accordance with any written a�reement between Borrower -
<br /> . � : „ ' and Lender or Applicable law.
<br />_ . 9. Inspection. Lender or its agcnt may make reasonahlc cntries upon and inspcctions of the Property. Lender shall
<br /> � �� give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />. ; '� . , 10. Condemnation. The proceeds of any award or claim for damages,direct or consequential,in connectior►with any °
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