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<br /> :,.��c: , ,•• 5.H��rB os Fio���ca�rc�wes sh�I°H�� � �sishn� r.A r,�.- --
<br /> ��} . '�,; �. ths Pco ' a� s��'sq iacluded�vith'sn the term ea4ead03 oovert�ge aaa any ot�r huzerds, _ —
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<br /> -':;:�'�`+;.,4�'�t� � � iac�trdsng�o�or ft� ' for wbicfi I.ender roqu�s ansur�nnc�This ins�aas�shal�be taain���b Ba�rrowcs - J- - - -
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<br /> `� ;�'. ���� gr.d Por the periads that LeBder reit�The�in.surance carrier Qrovidisg the insurauw ehall bs osen y �---
<br /> � �`'n 'svbj�ct ta Le�.�_Pr's agpravaz�shich shall aat be�mr�unabl�r withhel�.It BorraRer fa�s�maia�niu cover�,gt�n'l�d '_
<br /> 1 ,. . .�. ' a4�ve.Leader may.at Lens44er's optian.obtaia c�vernga ta ps�ect Iaader's�i�pts in the Pco�rtq is►axard�s��c�th ��=���°"-__-
<br /> `�� : �. � ° � : P��Ph 9. . . , . , W _ _
<br /> � �,' ° p L,..`.� AIl iasuraar.�polic'ses ead r�ewata shall be accepmble to LendEr end�11 iaclude a at�adard martgao�clau� .: _-
<br /> --� � •I�er.dzr s�ti h3ve tfia-rig$q to hold the�o�eci�a atttt rc�.�e�:U I.eadee re�uire� Borco�er.shall pmmgitp Hive E� +�:���_
<br /> ,, r- .. , ho �� _.
<br /> � L�adss al!re�ipts of paid gs�miums aad renewal notias.Inthe evenf of lo�.Bono��r shall give promgt anticce to ths � °� �
<br /> �` ` ` � �nsarau�carrier ead L�nder.I.ender mag ma2ce pruoi af lass if aot made pros�ngtty by Barrocser. �,."�- _�- -
<br /> � ` � Unles3 t.�ader and Bormwer othercvise agree in�vtiting,insueance Prac�s sball�spplied to res2orationor repais �� -_---
<br /> '..`��`: of the Pm��erty damaged�if t�e rassoratian or cepair is eooaomicaUy feasiStle snd I.eader's securitY is�nt le�eaod.Itthe � —
<br />-:s � . .. �'.. ; ' t�es*.aiatio�i or repair is not eoaaomically feasible or I.eader's�uity would be l�ad.the•n��nce Pr�g s�811 b° �-;�_T=:_--��.�
<br /> ':�'_.: ; � - � applie0 to ths sunns sECia�ed by this Security Instrumen�whether or no2 tLea due,wish anp ea�paid to Bomn��r.If ._-- -_
<br />���::��'°� ° � � Hamower ebaadons the Prmpertg.�r�not aaswer wit�ia 30 days a aotiaa fram l.ender that ths�as�raa�a carriet fr3s -`__
<br /> �"� �• '' `' � offerod to r�ttle a claim�then Leuder m�y colfect the insiaance praoeeds.Lender ma➢use the ptocee�tQ regair ar _ __ ----
<br /> � . � � .. .'`�".. t+e�tosa the F'roperiy or to paq sums eecuYed 1�➢thisSecuri�y Instrumeat,whether ot not then du�The 3Q'day geetod will -
<br /> � . - . begin w�en the aatice is given. � �"'� ---_
<br /> - . . Uatess L�ader and BormEV�r otherwise ag�rea in writiag,aaY�PPlicatioa ofpsar$eds�u principal shall aot extead or --
<br /> . p�tpona t$e duedate af the maathly PaYments t�Y�tredto in pats�raphs 1 ead 2 or chaage the amount oY the paymm�. __
<br /> � . � If imCer�ra�r�ph 21 the Property is acqture�bp Leades. Bosrowes's right to aaq is�suranc�policies and praceeds ---
<br /> ac --�.
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<br /> s�vltiag from damage to the Proper4y prior w tbe acquisitioa shaU pase to I�en�et to the estent of the sums�.vred bp .-... - _-----_
<br /> �' � this Sarrorit9 Instr+tffient immediately priar W the acquisitias�. --
<br /> ``n - �T_� —
<br />. �: 6.Oacapaacy.Fnssrvation,Mainteaance and Protecti�n oi the Property:Horrower's Laaa�lpplialloa; ----
<br />'.;: � ,�,: �: � �.eas�holda.Borrawer�all accuPY.esffib1isL,sud use the 1'roperty ss Borcower's principal resideace witlhia siatY day�s _ ---�__.
<br />° efter the esecution of�is Se�tttit9 tastruinent aad shall continue to accurpy th�Pra�erty.as Bornower's principal : .-�_�-
<br /> ' ; . .. . resideuce Por at least one ye�r after t�e date of oocupancy.uules�s Les�der otherwise ag,t+ees ui wnting,which consent e�all �,�;':--- —
<br /> ---- •_ . aot be�mr�nablp withhe2d.or uale�esteauating cir�asstaaoes esist which ara bepand Bonvwe�s contml.Bosrower :�� ��.��—� -
<br /> _-: -- -- s3�a11 uat destioq.dataa�e or impair the Praperty.allow the Pragestg w deteiiarate.or comffiit�rasie oa the P4operty. ---�---
<br /> : . : . � Borrower shaU be ia ds�''mult if anp fodeiture action ar proaeeding,whether civil or criminal.is begua that in Lende�'s .,�.�., _�
<br /> . � gaod faith judgtnent cQ;�1d t�auIt ia forPeitureof the Property ar otherni�matetially impair t�e lie�created by thie ;; _ ;,.4��
<br /> • � Sec�rity Imstrumeut or Lende�s securitY interest. Borrorrer may cure s�acb a default ead seiastate,es Provided 'un �� Y
<br /> ..���' . .:
<br /> Paragraph 1$ bY causiag th� actioa or prnce�ding to be dismis�d with a nilin� that, in Lendee's gaod faii6 ;',y . . �
<br /> determination.precludes forfeitiue of tAe Borro�ver's inur�t in the Propert9 or other material imgairmen't of tiie lien .;--�
<br /> .. • .. created by t6is�ecurity tnsbvment m Leader`s security interest.Bonower�all elsa be ia default if Borru�rer.dvt'�nS- „ ., �
<br /> ..r ti .,. �
<br /> � . the loan applic�tion proce�, gave inateniaUy falsz or is�ac�urate infarmaffion or state4neats to Leader (or failed to �,',::_ '
<br /> , ., ,.'` �• provide I.ender�+ith aay r�saterial information)ia wnnectioa with the loa�►evidenced by the Note.iacludiag,but not
<br /> , .:� . � limited w.rEpr�senmtions oanceming Bonrowei's occugaaa9 of the Proper�9 es a Priacipal resideace.If ttus Se�auit9 .. .
<br /> � " . � Instrument is on a leaEehold��W��1 oomplq with all the provisions of the lease.U Boaower acqiur�fee tifle w ��,
<br /> � the P�nngerty,Yhe leasehold and tha fee title shall not merge unless 1-eadEr eg�s to the merBer in weiting. � �
<br /> � 7.Protection of�Leades's RigLts ia the Propertq-If Bmrower fails w perForm the covenaatsand agr�ements � ',`'.�r;
<br /> - �� . , contaiaed in tlus Secviity Inswment,or there is a legal proceeding that may significantiq afifect Lende�s righm in the �;R�= ;'.
<br />'�'"?''°' � � property (sucL as a proceeding in bankruptcy. Probate. for condemnatioA or forPeiture or w enforre laws or , ,�;.:;�`' . `_,,.��::
<br /> �. , . . regulatiaas).then Lender may do and paq for whatever is aece�arq to ptotect the valus of tha Property aad Lende�s .��j;•r;.±�-=:-
<br /> :-�;.. ._ ' .
<br /> ,. , righta in the properiy.Lzader's actions may include paying anq suma secured by a lien which has pnoritq over this
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<br /> -- �:;;;A�,„�.�.-. �. Sec�r.ty Imswme�nx aPPearing�u oourt.FaYiag reasonable attorneyd fas aad entering on the Property to ma�e s�epaiis. � ��;�'' -
<br /> ' � Alt�ough I.eades map taYe aetion under this par�gi�ph 7.Lander dces not have to do su. • _n
<br /> �� Any ama�sats disi�ursed by Lender under thisparag�ph 7 shal)Toeoome additioaal debt of Borrower secunA bq thia f;-}"';,' ��� �_
<br /> �i • � S e c u r i t y a n s 3 r u m e n�U n l e s s Bare�wer and Lender a g r e e to other terms of payment.these amounta shall bear interest %''•.}.'' • �r;���` '�•�°-
<br />:s.: � . . �,, from tDe v��:of diebwsement at the Note rats sad shall be payabte,with interest.upon notice fmm I.ender w Bono�ver r;�.��,.., : ;,,,,;;��;•� �;
<br /> � �., recNesti�1�Ymenx ':��:.,,�.
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<br /> �= � 8.Mortgage Insuraace.If Lender mquired mortgage insurance as a condition of raafcing tAe loan secured by this • ...,��� � :.=� �'
<br />=LL�T. �. . Securitq Inatrument�Barrower shall pay the ps+emi�.:ms requir�ed to maia�the mortgage insurance in effect.If,for any ; `�':�R
<br /> = reason.the mortgage insuraace coverage reqwrerl'•Uy IxadeP iapses or v�es w 6e in efPect�Borraw-�t shall pay the . �, ' � _
<br /> �-: �' gremivat�re�uired to obtain coverage substaatiaiFy e�ttivalea_a rA the mortgage insuta�nce previously in effect,at a cast • � _
<br /> _:�r.� : ih}�.�(,�.' aubstanr�3iiy equivalent to the casc to Bortower of tha r.carq�ge insurance previovsly in effect. fmm an att:�nta . .
<br />_..;�.. ��� : .�;;`�t'_, , mortpg� iflsitrer approved bq Leadet. If sufzstantially equivalent mottgage insurauw coveraga is not available. . _ ,
<br /> . Barcowar sha11 pay to Y�nder each montb a sura�qual to one-twelfth of the pe,arly mortga�e insriass.�ce�emium being . . . .
<br /> ' � �. . . ` paid by Bonower wh�u trhe insoranca cover��la�sed or ceased w be in e€tect.Lender wilt accep��and retain these :.
<br /> � pnymeats as a lo� r�erve ia lieta of mortgage insutanca. Loss resec�e Pay�nenb may no ta��r be reqnired. � . � J
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