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<br /> . . , for tiz�periats t�at t�a+d�r regaires.Ti�e tasuraace carrIet providing t�e insuraace sha11 be c;tosen by Basrower suhjjest to ` •- '_•ct...ti,
<br /> su ., '-.-�..._
<br /> , _ . • . I�ndtr's npgrow,�l wt�ich shal!not iss imr�abiy aithhsld.If Bormwet�sils w maintain oov � �• .�M1.��i -
<br /> � . .s ,�`` < muy.at Lesider's twn.obmin covera e t� �dsscn'bed alrovc►L�u , .,,�� `� . -.
<br />_ ap� pmtect Leader's�ights in the Ptaperty in�cca�ee a�ltb parsgraph 7. � �;.s; �� -
<br /> . ,._ .. «F�..
<br /> � � � �'<;'�� . All tnsarsaoe polides a�d reus�sha]l Oe 2ooeptable to Lea�r and sLall L�Ieda a ata�dard tnortg�ge ct�tsc.Lcr.6er � +_
<br /> '� � , sI�U 6mve the rIght to ttold t�palici�s aad reaewals.If I�eMer r�e.s,Boxrawu stk�11 0 r m m?t 1 Y g 3v�c����t r t�ll rt s�s s . . ��
<br /> of paid premiums aad reaewal uoricxs.In the eveat of ioss.Bmrrower shal!give prompt cwti�e to tha Insivaase c�rf+ez and '�. '�- rr=-
<br /> . • - Leader.I�nder may make proof of Iass if not mads P��Y blf Bosiawer. � ' ,��,�:�._-"
<br /> . � . Uatess Lendes aad Bormwer�Werwise agr�in writiag,iasuraase proceids shaU 6e agplied m restontion ar reprtr `�-`__�___--
<br /> . . � . of the Pmpeny dama8ed,if the rrstaiation or�is eaoaomts�lly feasibie and Itader's secu��}r ia na3 iessenM.If tAe —_ �
<br /> .� . . .` t+eswration ar c�paff is not ecoaomicalIy feasi'Dle or l�adsr's se�uiiy wavld 6e Iesseaed.the insuranoe pmce�s sh�60 �� - -
<br /> , " � , applieQ ta tne snms sectned 6'Y tbis Seau�tJ►Insm�t.cv�ther os uot thea due.with xay exstss patd wBartawer.YgB�rawer =-----
<br /> . abaadons t�e Property,or does nat answar wittun 30 days a natice fram L�.•uder c`agt tLe inssuaaa wrrEer h�s offend to --
<br /> . �. seule a claim.lhas Lender may ooliect tIIe insar�ce procads.Leader may use tQe prooeeds ta rtpair or rest�re�proparty - - ---
<br /> . os to pay sams secund by this Sec�ity tns�,whether oz nat tl�ea dtte.'I�e 30�taY Period wilt 6egin whea the aatice �
<br /> . • � ., is�ven. .
<br />_ . iJnIess Leader aad Bormwe�othetwise agree in writing.any apAlic�tinn of proc�eds to prfaclpal st�l not exoea4
<br /> ° ' '. . or postpone dte due dat�of du monWly paymenta referred[o in parag�apbs 1 aad 2 or chaage tEe•amovat of dbe pymeatt.
<br /> - � ' •: . If und..-r paragraph 21 t�e PropeRy is acqnIIed by Lendes.Borrower's right to any i�ua�e pelidcs apd p�s tew�Tng �
<br /> � R. _ ' : from damage to the PropeaSy prior to the s�qaisitinn shall�►ass to Lender to tae exteni of th��mns sewred 6y tl�is Sectuqry , '
<br /> .,, ..
<br /> ,. . : . �.. .:�; .%' insuument immediairJy prior to the ' '"on. � •
<br /> .... . . .
<br /> acqau�
<br /> ,..� . :.. .. ,:�.`�� . 6. O�ccap�y, �r�rvat�n,M•�••••••,••aad Proc�tian of t8e Bonawe�s�Lwn A i
<br /> --- �. _. ..__._.. . . .. .......... .. �'°P�9'--.
<br /> �� • I.eaSehold�: ��oirawer stiaIl�occiipyi,establisb;and use tl�Fraperty as Bon+uwer•s rinc residsnce within�ya
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<br /> . , :s., , after the executioa of dtis Sec�ity Instrame�and sbaL�!contmue to oc�py tEe Ptoperty as Borrower's Prine�l reaide�oe
<br /> _ � ' , fflr at 2east aae year a8er the daTe of ocaipancy,�Iess Lea�er otpserwise agras in aritiag,whiah oonsent sivl!aot�be.
<br /> � .. � armeasanably arithhe2d,�or anless euemiating circmmstances exist whicL aee beyond Borrawer's comrol.Bormwier s6�U not. .
<br />- . .:.". des(roy.damage or impair she Propeny,a3la�tL�Property to detGriorats,or c9mmit waste aa ffie Propetty.Borrrowez�11
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<br /> `-' ..:.;::v;.;;.;:�.� ' be in defaaIt if any forfeiaue aaion or Fue�di�u8,whether civ�or criminal,�S 6egun that in LenQer's�ood fiith judgasent
<br /> �• '!' �.:;:7X,`� ` . cauld result in forfeiture of�e Pmpeny us+cdr.�arisa�riaUy impair the lim created by this Seeurity�ar i�nd�r's
<br /> . • , security inoerest.Barraw��+care�:�s a defauIt�1 reinstate.as provided in•P�B�Pb 18.bY causing tbe aaron or —
<br /> • , .. proceeding w be dLgmi.s.���i4:a.rr�:iu�gt�i.ro Ir�r's good faid�determiaation�pr cWdes farfeiitue oYthe BarmRer's
<br /> - �_: •• . - iaterest ia t4�pmpert3+or a�i:�.'�I�uPairm�nt of the liea creatrd by tbis Seauiry Iestru�ent or I�eades'a xcurity
<br /> .._ . . intecest.Bosrower stiali also foe ia defantt if Bomma,�r.durIng Ne loan applicatian procsss.Sas'c m�teriallY false or ina�te
<br /> � . mt'omiation or statements C�E.euder(or fa�led ta.�-�3:Lender with aay matesial nnfarmation)ln con��€on witb t6e iwn �=—
<br /> . ��,, •
<br /> .�,:_;,:;�: �. ., �eeadeuced by the Note,�g,but aot limited tv,��resenta�ions conceming�-�rowes's oecu�wncy of ct�PtnQnty as
<br /> . , '��rincIpal residence.If ti�;s 5ecariry���+„mez,t is on a ieasehn2d.Borroarer shaII comply with all the provisiuns of the lease. _
<br /> . �.. - -- , 'If Borrou��cquir�s fee tt@e to the Preg�acy,tLe leaseho2d and the fee title shall nat ntergt unitss lrcndier agrees tfl 9be
<br /> . ` merger u►writing. . ���_
<br />_ ' , . , . 7. Pt�an ot I.endtr's Rig�ts in the Pt+uperty. If Borrower fa�s to perform the oavcnauts aad agneme� ��!----
<br /> . cantained'ur this Securiry Iasn�unent,or there is a legal pmceeding tuat�y si�cantly affeet Lenda's righta in the _
<br /> at
<br /> , . • .. (susb as a pmc�ediag in baJzuptcy.Prubate.for coademnatlon or forfeit�ue or to enfora iaws or rzguIatIons)�tLen Le�nder y��
<br /> � may do and�y for whatever is necass�.ry za pmtect the value of the Property aad I�nder's righis in the Prapetty.Lend�s's � �_ ,
<br />- ' ac6ons m�y r.rnlude paying aay sums sera.�!by a lien which bas priority over this Security L�strument.appeariug in co�rt,
<br /> � . � . . PaNing reQSa�,.�le attomeys'fees and e�ring oa the Property to�repairs.Althoagb l.cader may talce sc0ioa under �''� =
<br /> . .. �P�B�Ph�.Lender does uot bave to do so.
<br /> • .• ,��� ° . ..� . Aay amoants dist�us�by Ltader uadar this pz.�,graph 7 s�L`eoume ac6�i^-:,ona1 debt of Borrower�hy ttils - -
<br /> ' ';�+�.`; . 5ecuriry Instrament.L'nl�l�;rrower aad Lender agr�r�other te�vf p�ym�•.,..�ese amoimts shalt bear i�erest fram
<br /> . . � � the date of disDurssa►ent atr�Nou rate�sball be payable.with i�t,upon natice from lender to Basivwer requestiag —
<br /> . papmeat• � �::=
<br />._ � . 8. Mortg�ge Ins�rance. If�r requ'ued mortgage insurance as a condition of maldng tLe loan su�.ured by tt� �c'�`°�°_—
<br /> ° . . . Secariry Iasmiment,Borm�+er sbaU pay the premiums required oa maintain the�rtgage tnsvrance in effect.If,for any � �'x=--
<br />- . 8a8g� ��r�coverage requi�ed by d.e�n.:sr lapses or ceases to be in tffect,Borrower shatl pay the p�em�i�as .�..-;:;4
<br /> . . ,. reason.the mart m ��n �� � i-,.. .
<br /> - � ' � reqai�d to obtain coveragW substantialfy equivalent to the mortgag.-iasurance previausly in e4�ect,at a cost substantIaalIy ..�,'' .�:;_�
<br /> IIy
<br /> .�� � . � equivalert to the cost w Borrow�r of tha�tgage insuraace previausig�;�effect.from an alttmaDe tu�rtgage iasurer ap�pmved -• �';''�'_
<br />_ i. � ` � . , bY Lender.If substantialt valent ruc u �. ,
<br /> y� T�8a8e insuranse coverage Ls m�a ava�7abte,Boirower shall pay to Lender each month • �-
<br /> . . . . . a sum equal to one•twelfth of the yearJy mortgage 9nsuz�x premium being paid by Borrower whtn tha Ensurassce coverage ' .._.• ��-`
<br /> � . . IapseA or ceaseA to be im effect. Lender will accept,•��as�retain t�se paycQen[s as a tass r�serve in lieu of taortgage . • -
<br /> � • : . � insuraace.Loss reserve��ents may no longer 6e a��urd,at the aption af Le�2er,if mortg�e insuraace caverage(in � , �
<br /> 4 : • � ierm�2/ ilq Ipage 3 oJ d pnEe,U � . . .
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