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<br /> . �;� �. C'a:•��•<7 0;• Z'r�*�e�sdy (cr':tlP^4:f2. )inr��mvcr•�;6'vall l.c.p vhc i�tifpeovcm��uts ua�i existin^, ot• Iic,c�Rcr cr,:r.tr,r� nn tl;.� .-- -
<br /> , [�rclz�rty insu�•c�t against lus:; 4iy Li��c, har:�i�da includcd ���lil�on tlic tcr�i� `cxtcuda9 covcr��e" :;iul ai�y ntiicr fi��1���1�,, iE:+�lut•io;._ ,.,�,: ,
<br />_-7.:�_��,,,;,;�;. flu�rnls or floodiaig, for��iiiich L.endcr ecquires insurnnce. �I'{iiti�iltiU�:lI1CC SIli14� GC ITICII1lAI0Ci� lll�jlC�},I1011t1I5 f?ilf�fOY'hIC kk:iLU�'1 �''="'-
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<br />_=;��:.•,1�:.?.�g�.;•�� thst L.c;nder requires. The insurnnce carricr providing tlie insurunre sh:ih l�e chosen by 13arra�vcc suUjcct to Lcuder's ap��rrnnl
<br /> -- "�' �"�'`'�'� wliich st�ail nut bc unrcaSanaUly �vithhcid. If�3urruwcr fnils cn maintain covcrubc dcscribctl�i�uvc, l.cndcr m�y, at�...cndcr's
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<br /> _-.�r+-��� option,nUtnin covcragc ta pratat �.cndtr's rights in�hc Pra}►crty in ticcurdt►ncc�vitl�paragrnph 7. -
<br /> -- _— All in,uri�►u: Falicics and ra�tc�:�xls shall bc :�ccc}�t�blc [o L.enci�r,md shnll incliedc.i stnnd.ird mort���c clausc. I�csldcr
<br /> - -'� shnll have Qie rigtrt tu hold ti►c policies nnd rencwals,ff L.ender rcquires,Aurrower shali promptly give tu l.cadcr�ll receipts uf
<br /> ---�!b�.� paid pmmiums and renewal not(ces,ln the cvcnt of loss. I3orrowcr shall give��ampt notice to tlie insurancc caarier and Irixfer.
<br /> ----�,.s,.�-.,a,.��� —
<br /> �—��o Lcnder may maks proof of loss if nat madc promptly by Borruwc�.
<br />___� '�"�°`�4, Unless Lendcr und Borraµ•er othcrwisc agrec in wrlting, insurancc procceds sliall tx;appliet�to resroration or rep;ur of Ihe
<br />#�"""'"-'�?'���� Properry damagcd,if thc restorution a�rcYair is economicnlly feasible and L.ender's security is not Ic.tiscned.It'thc restoratlon or —
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<br /> _.:_—_v_;�;�� repair is not economia�lly fe,�siblc or 1.endsr's security wnuld be Iessencd,tlie insunnce p��cceds�hall be npp ieci to the sums �_
<br /> �-�--��s si;curcd by this Securiry Instcument, whcther ar n�t then due, with any exccss paid to eorrower. If Borrower ubandons thc .
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<br /> �_�=ti•���_. Propetty, ur does not answer within 30 days a notice fram Lender that the insurance earricr has affered to scttic n clnim,then
<br /> ���"_""`'�''��'=' s�'� l.ender may collect the insuranee proceeds. Lender may use the proceeds to repair or restore the Propeny or to pay sums
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<br />--�:�::��;' secu�rd by this Sceuriry Instrumcnt,whether or not thcn duc. 'Thc 30-Jay periad svill begin whcn the notice i5 given.
<br /> 'R"��� Unless L.ender and Borrmver othenvise agree in writin�, any application of proceeds t� principal shull not extend or
<br /> —_-3;�s;s�l��� st nc the duc datc oi the monthl a mcnts refcrced to in ara ra hs I and 2 or chan c the amount of thc :� ments. If
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<br /> - -"-=�-�4��ido'1�+'�`-�: undcr pamgraph 2l the Property is ncqaircd by Lender, Borrower's ri�ht to any insunnue palicies:uiJ pruc�uls result+iib f��or�� -
<br /> j �°��'_=�"`�'°"'`�' damage to the Property prior to the ncquisition shull pass to Lender to the extent of the sums secureil by this Securily instrunnent
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<br /> -�'-�''�'� ;�_ ,.., immediatcly prior to thc acquisition.
<br /> ''E�'�,_,`-�,,�,-=°=• �•� ' 6.Occupancy,Preservutiun, hia6fuennnce and Pratection oP the Progerty; 0orro«•er's C.oan Appltct�tion;I.caseholds.
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<br /> _-�:''"`"'"l' Bonower shall o¢cupy,establish, and usc the Property as Borrower's principal residencc within sixty days ufter the execution of
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<br /> .�f_��..,s„�?�,�,:: this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at lea.et une year after
<br /> -��;;_r�.•, the date of occupancy,unless Lender otherwise agrees in�vriting, which consent shall nat be unre�►sonably withheld,or unless
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<br />_ �`"�''�?�"'` � extenuating circumst�nces cxist �vhich are beyond Borrower's cmitrol. Bonower shall not destroy, dnmage or impair thc _
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<br /> -==-�:;:���.;�+V• � Propeny, allo�v the E'roperty to deteriorate, or commit wastc on thc Propeny. Borrower sh�dl be in default if any forfciture
<br /> �'"�'�, ��`'" ` action or procceding,whether civil or criminal, is begun that in L.euder's good faith judgment could result in forfciture of the
<br /> •'�'� �• • � 3' Property or other�vise materially impair the licn crcated by this Sccurity Instrument or Lender's security intcrest. Horrowcr ma�
<br /> '�=-.:.�:s;w�.i���•� eure sueh a detaWt and reinstate,.is provideci in paragrapn i8,by causing the aciiun ur��uccr+iiub tu bc uiaiiiisscu�Yiii� it i�iiiiig
<br /> 'y'° ' �• ' • that, in Lcnder's good fuith detennination, precludes forfeiturc oF thc Borrower's interest in the Property or odier material
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<br /> impairment of the lien created by this Securiry Imtrument or I.ender's security interest. Borcower shaU also be in default if
<br /> -r'� ... . " Borccwer,during the loan npplic:ition process,bavc materially false or inaccu��te information or statements to Lender(or failed
<br /> �.�� ' , - � to provide Lender with any nwterial informution)in connection���ith the Ioan evidenced by the Note, including, but nas limited =_
<br /> _;:� � � to,representations mncerning Barrower's occupancy of the Propeny as a princi�ial residence. If this Security Instrument is on a _.-
<br /> __�4�„,�� ,,,,::..,,.,. . leasehold, Borro�ver shall coniply �vith aU the provisiuns of the lease. If Horrower acquires fee title to the �Praperty, the
<br />�:..:.....:.: :' ..:�t� . leaschold and the fee title shal l nat mergc unless I.�;ndcr agrces to the merger in writing.
<br /> �N;s•:�� �,':•,;m.•;��:• • 7.Protection of I.ender's Rights In the Property. If Borro��•er fails to perforni thc covenants and agreements cantained in �"_
<br /> -�;�'��'';' � " .'' this Srcuriry Instrument, or there is a Iegal proceedin� that may significantly affect l.ender's rights in the Property (such as u �` �'`
<br /> -'•' � � `' ".. procecding in bankruptcy,probate,for condcmnation or forfciture or to enforce laws or regulatiom), thcn Lender may do and
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<br /> __��: �:ax,��,�. , .�, pay for whatevcr is nccessary io proYcct the valuc of thc Property and Lendcr's rights iu thc Propcny. Lender's�ctions may
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<br /> ���;:�..�:>„�.,r;z,,� • include paying uny sums secured by a lien which has priority over this Securiry Instrument, appearing in cowt. paying
<br /> __''+�hM rr� � „ reasonablv uttorneys' fces and enteriug mi thc Property to makc repairs.Although Lendcr may takc uction under this parugraph ,. �
<br /> T` . ��' 7, Lendcr docs not havc to do so. �
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<br /> '�``-�� '•�' '' �'' An umounts disbursed b Lcndcr under this ara ra h 7 shall bccome adJitional debt of Borro�vcr sccurcd b this
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<br /> '; � • � Secu�ity Instrumcnt. Unless Barcowcr and I.ender agree to other tern�s of px�•ment, thcse amounts shall bear interest fram the
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<br /> ..i, date of disbursemcnt at the Note rate and ,hall be payablc, with intemst, upon notice frum Li:nder tu Borrower reyue.r•ting
<br />--�= payment.
<br /> -$=.�' � � � 8.Mortgage Insurance. If Lender requireJ mortgage insurance as a condition of making die loan secured by this Security ,
<br />-�- ' .. [nstrument, Borrower shall pay thc prcmiums rcquircd to maintain t6ic mortgage insurance in effect. If, for any rcason, the
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<br /> __ ' mortgage insurance coverage required by Lender lapses or ccases to b� in effect, Borrrnver shall pay the prcmiums rcyuired to
<br /> - '• obtain covcrage substaneially �quivalent to thc mortgage insursncc previously in ef(ect, at a cost substantially eyuivalcnt to thc I
<br /> '�r'. r ' cost to Borrowcr of thc mortgagc iusurancc prcviously in effect, frotn;►n niternate mong3gc insurer approvcd by Lender. It' �
<br /> "''�' ~ 7 substantiall � uivalent mon a e insur.mcc cover.� e is not avuil.�ble, Borrower shall a�co I.cndcr e:ich m�nth a sum e uul to �
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<br /> •- one-twelfth of the yeady nzortgage insurance premium being paid by Borrower cc;�en thc insur,mce coverage lupsed or craseci to
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<br /> " � ' be in effect. Lendcr wiU accept,use and retain these payments us a loss resen•e in lieu of mnrtgage insurance. Lusc rcscrve
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